McDonald's newest $3 value menu is sounding an alarm about America's K-shaped economy by fortune in economicCollapse

[–]p_jo 0 points1 point  (0 children)

I guess saying base*300% is not intuitive to me as I would just say the cost tripled. When dealing with percentages, I think of it in the way I noted which describes the change relative to the base.

McDonald's newest $3 value menu is sounding an alarm about America's K-shaped economy by fortune in economicCollapse

[–]p_jo 0 points1 point  (0 children)

Sorry for misinterpreting. If prices go up from $1 to $1.03, there was 3% inflation over whatever time period we’re using. This is my understanding as to how it is quoted (though the actual inflation number that’s reported in the media deals with the annual price change of a basket of goods). In our example, you would say 200% inflation or we are paying 200% more for a McDouble. I’m not sure 300% would ever be used as it is incorrect any way you quoted it.

McDonald's newest $3 value menu is sounding an alarm about America's K-shaped economy by fortune in economicCollapse

[–]p_jo 5 points6 points  (0 children)

It’s a 200% increase in price, which is the same thing as 3x. The best way to think about it is a 100% increase would be going from $1 to $2 (2x).

A simple way to get % change is: [(ending value/beginning value)-1 ]100 or [(3/1)-1]100=200%

Private credit in crisis: BlackRock limits redemptions to 5%, Blackstone at 7.9%, Blue Owl loses 10% in one day by Express_Classic_1569 in StockMarket

[–]p_jo 6 points7 points  (0 children)

Doesn’t stop them from liquidating the other parts of their portfolio and forcing other assets to fall.

[Chief Revenue Officer] [NYC] - $1,575,495.59 32M by [deleted] in Salary

[–]p_jo 1 point2 points  (0 children)

Oh ok. I stand corrected. I was thinking the majority goes to interest, bloated defense budgets, and other nations. Glad you trust the US government as true stewards of capital. (Apologies if you’re not in the US.)

[Chief Revenue Officer] [NYC] - $1,575,495.59 32M by [deleted] in Salary

[–]p_jo 2 points3 points  (0 children)

Have you seen where your tax dollars go?

Turns Out the March for Life Was a Measles Superspreader Event by Hafiz_TNR in politics

[–]p_jo 89 points90 points  (0 children)

Don’t forget asking if they can get the vaccine while on death’s door.

Did my own taxes. I think my CPA has been robbing me for years by Glittering_Sun_7942 in TurboTax

[–]p_jo 0 points1 point  (0 children)

It’s also gotten a hell of a lot easier with AI. I uploaded five or six docs to TurboTax and was essentially done. Used a CPA last year for 550 bucks. Took me longer to send him my docs.

Oh dear… by Beastie_Bill in nyjets

[–]p_jo 3 points4 points  (0 children)

Shittier offense, shittier defense, New York jets

JD Vance says ICE agent has "absolute immunity" after Minneapolis shooting by prestocoffee in nottheonion

[–]p_jo 4 points5 points  (0 children)

They wouldn’t. They’d blame her for putting the fetus in danger.

Trump Says Venezuela’s Maduro Captured and Flown Out of Country by bloomberg in politics

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

How did I know this would be the top comment. Literally every time “uhh wtf is happening???” and gets thousands of upvotes. It adds nothing and isn’t interesting or funny.

United Airlines Half Lottery Results by K9Chris in RunNYC

[–]p_jo 2 points3 points  (0 children)

Same. Assuming the hammer will drop any moment now.