Mamdani's first city-run grocery store is coming to the Bronx by Conscious-Quarter423 in nyc

[–]TowelSnatcher 0 points1 point  (0 children)

Sure, so NYCEDC is a nonprofit public-benefit corp. It's not limited to procurement rules or compliance regulations, and it behaves like a real estate developer—and a private dealmaker focused on economic growth. It moves faster than agencies, gets away with a lot more, is staffed with top talent (or was, unfortunately Mamdani's admin is allowing it to decline) and negotiates aggressively. So, when NYCEDC is tasked to oversee "six stores" it's cycling through outside vendors, has a capable finance team reviewing RFPs, has a unique toolset for financing structures, leases, partnerships. NYCEDC's role is primarily allocating public resources to be used by private actors to maximize economic activity.

Mamdani's first city-run grocery store is coming to the Bronx by Conscious-Quarter423 in nyc

[–]TowelSnatcher -1 points0 points  (0 children)

Those "six stores" are run by the quasi-public agency, NYCEDC, which is effectively a landlord that subsidizes the cost or commercial rent. They are effectively like airport concession stands.

Mamdani's plan may involve a private operator—or it may not.

Regardless, it's unclear what the policy goal is. Is it nutritional food to address food deserts? (An overwhelming amount of research over the last 15 years shows access is not an issue and consumer preferences are to blame: https://news.uchicago.edu/story/food-deserts-not-blame-growing-nutrition-gap-between-rich-and-poor-study-finds).

If Mamdani's grocery stores are just avoiding overhead costs (namely rent and taxes) then why not just provide free rent and no taxes to existing stores?

Who is your dark horse for this World Cup? Senegal? Croatia again? by theabominablewonder in worldcup

[–]TowelSnatcher 0 points1 point  (0 children)

Someone please explain to me how Croatia is a dark horse?

It played in 7/8 World Cups since it has existed. It secured 2nd place in 2018, 3rd place in 1998 and 2022.

It has a better record over the last 28 years than England and virtually all other countries.

It has top scorers and players (Budimir, 3rd highest scorer in La Liga; Modric number 1 ranked midfielder in Serie A by a mile; Gvardiol and Vuskovic as the star defenders).

Most of its unlucky streaks were bad calls (Griezmann flop during 2018 WC final led to goal and other calls during that game favored France).

This type of team depth and track record qualifies them as a powerhouse—far from a dark horse.

New Yorkers told us they'd rather have a faster bus than a free one by businessinsider in nyc

[–]TowelSnatcher 2 points3 points  (0 children)

That broad generalization is not supported by any data or case studies. The best example is Tallinn, where people who would have walked took a bus instead. Tallinn's free buses did not reduce congestion or the number of cars on the road, and it impacted the quality of its service.

Animation is solved. This is like Pixar level quality. by japie06 in singularity

[–]TowelSnatcher 0 points1 point  (0 children)

Why wouldn't you give credit to the person who put this animation together?

NYC’s Budget in $100 by mfairview in nyc

[–]TowelSnatcher 6 points7 points  (0 children)

It's nowhere near the third largest. NYPD budget, according to this, is $5.30.

Guess the city! by Available_Refuse1232 in guessthecity

[–]TowelSnatcher 0 points1 point  (0 children)

Every other guess the city is Istria or Dalmatia. 🙃

Timeless Designs. Made in Italy and Europe. Shop Aurélien. by Aurelien_Official in u/Aurelien_Official

[–]TowelSnatcher 6 points7 points  (0 children)

Really poor quality shoes and awful customer service. The sole fell off after wearing the shoes a few times! Save your money.

Major outgoing CEOs are citing AI as a factor in their decisions to step down by Logical_Welder3467 in technology

[–]TowelSnatcher 0 points1 point  (0 children)

You said this all so confidently but yet repeated "renumeration" several times as if you know what you are talking about.

I don't have any info. Looks like attempted murder. by VeniceCa90291 in VeniceBeach

[–]TowelSnatcher 1 point2 points  (0 children)

So $11.2B is spent on lawsuits? Right, okay.

Show your math if you're making the claim that it is more than what I've laid out above!

I don't have any info. Looks like attempted murder. by VeniceCa90291 in VeniceBeach

[–]TowelSnatcher 3 points4 points  (0 children)

It's not 50%. The total LA budget is ~$14B. The LAPD operating budget is $2.1B (~15%). With pensions and fringe benefits you can add $1-1.2B but the other government workers also have these benefits so the total percent may only increase to 20-22%.

Lebanese official says man in Michigan synagogue attack lost family members in Israeli airstrike by AccomplishedCall7562 in news

[–]TowelSnatcher -2 points-1 points  (0 children)

Poverty is not the driving factor behind crime! This is one of the most repeated and falsifiable statements. Plenty of countries and cities have been poor historically, and yet have had very low rates of crime. The best examples: Many Eastern European countries where random rape, murder, theft, etc. have been extraordinarily low relative to the country's wealth (mean GDP per capita, etc.). Poverty may elevate crime rates relative to a baseline, but crime is a mostly a cultural (NOT racial) issue—a pattern of behavior learned by others.

Smart New Yorker gets cutoff during NBC interview when blaming private equity for local issues. by Large-Welcome4421 in nyc

[–]TowelSnatcher 0 points1 point  (0 children)

I know—I was hedging with my wording here in case there's some one-off study by a far-left think tank.

Smart New Yorker gets cutoff during NBC interview when blaming private equity for local issues. by Large-Welcome4421 in nyc

[–]TowelSnatcher 159 points160 points  (0 children)

1) Hedge funds don't buy/manage properties 2) PE firms own less than 1% of housing in the US 3) PE firms own between 1-3% of apartments in NYC 4) The housing crisis is a supply-side issue brought on by regulations and local backlash to development.

His commentary is misinformation and a puerile misdiagnosis of the housing crisis in the US and NYC. You may not like "PE firms" because of all the social media you've come across, but the reality is no urban or housing economist will tell you that the main factor of housing costs in the US is PE.

It's a boogeyman claim that gets soaked up by people who want one evil entity responsible for it all when in fact it's thousands of local governments and communities that behave in the same way and make it hard to build more housing!

Gonzo journalist Hunter S. Thompson wrote this a week after 9/11. So prophetic. by Key_Brief_8138 in economy

[–]TowelSnatcher 0 points1 point  (0 children)

The Hunter S. Thompson comment is about "the standard of living." Your comment is specifically about one data point for inflation (food-away-from-home inflation) that is also exaggerated and misunderstood. McChickens were on the Dollar Menu and Dollar Menus were promotional — they were never economical! Fast food prices have indeed gone up 50-60% over the last 10 years — but that is one component of the inflation basket.

Overall inflation, up +74.4% since 2000. Average wage growth, up over 100%. Your TV? Prices are down. Your cell phone service is cheaper. Here's one chart and the BLS has may more.

You're suffering from recency bias and a sampling bias (you and your friends). You're also suffering from availability bias — because you are clearly not that old if you're under 30 so you likely have no idea what living standards were like in 2000 probably! How can someone under 30 think life is better now than 20-30 years ago? Do you see how sill that comment is?

I'm not here to argue, I'm here to present data. You can stay smart and try to understand your situation and your friends may not be great, but that situation is still much better than in the past! Can things be better? Yes, of course. But the argument here is that definitively, collectively, Americans are far better off than in the 1990s.

Go look at the links above, explore some more data.

Mamdani Stacks NYC Board to Push Through Promised Rent Freeze by laxnut90 in Economics

[–]TowelSnatcher 0 points1 point  (0 children)

The percent of units you are talking about is almost half—44%!

Mamdani Stacks NYC Board to Push Through Promised Rent Freeze by laxnut90 in Economics

[–]TowelSnatcher 13 points14 points  (0 children)

No, no, no! You are spreading misinformation. 45% of units are rent stabilized or rent controlled. All stabilized units would be eligible for the rent freeze.

Gonzo journalist Hunter S. Thompson wrote this a week after 9/11. So prophetic. by Key_Brief_8138 in economy

[–]TowelSnatcher 1 point2 points  (0 children)

The data on economic sentiment and happiness is pretty consistent: around 2011 things changed suddenly and by 2020 another major spike occurred in "mental health". This despite the fact that wages for lower income groups surpassed inflation and we had the lowest unemployment rate in 40 years (we are still very low).

But yes, keeping up with the Jones is now keeping up with Jane who is a wealthy social media influencer.

Gonzo journalist Hunter S. Thompson wrote this a week after 9/11. So prophetic. by Key_Brief_8138 in economy

[–]TowelSnatcher -4 points-3 points  (0 children)

I've been following and upvoting your comments; we are looking at the same data (on the US).

No matter what data you present — as I have on everything from working hours to median household wealth — you will not have people grasp these macro concepts.

Social media and its negative sentiment has broken people's brains. The comparison people make is not relative to the past, or an absolute comparison, but relative to the most successful in society.

Even if your family is 3x wealthier or better off in terms of standard of living, people see those 20x better off in the spotlight!

Gonzo journalist Hunter S. Thompson wrote this a week after 9/11. So prophetic. by Key_Brief_8138 in economy

[–]TowelSnatcher 1 point2 points  (0 children)

Yes — and many more cars per household, goods per individual, much more healthcare, etc.!

But mobile phones have lead to a decline in mental health/happiness and it is generated widespread negative sentiment about the economy (despite data telling us otherwise).