My stars that’s bleak. I cannot fathom wanting to join that
One wonders what are they doing in those 80 hours?
It’s not like they’re physically printing money or something like that.
Brainstorming sessions, coffee breaks, meetings, coffee breaks, impromptu meetings, lunch, phone calls, coffee breaks, bending paper clips, playing online games, coffee breaks, and looking busy, I would imagine.
Making dumber and dumber decisions.
Crunching numbers, mostly. Making calls to clients, reading thousands of pages of research, checking algorithms, etc. It’s not dumb work. It’s just too much.
I’m gonna guess, because I’m not in finance, but I’m gonna guess they spend about, if they’re good, almost half that time trying to figure out what to do, and the other half of that time trying to fix the mistakes that they made yesterday because they were way too tired when they did the thing.
Most evidence says you can get about 4-6 hours of peak performance per day. And errors start increasing after that. I think that’s pretty accurate. Add in meetings and such which totally derail actual performance, you get less than that.
But getting paid by the hour and bonuses, people will work crazy unproductive hours to get that.
Figuring out how to enrich themselves, billionaires, and big corporations, while screwing the average guy.
I hope the final deal including protections for whistleblowers, including no reassignments, demotions, or murders.
Peter S. Goodman from The New York Times explains why the longshoremen are striking, and how a prolonged work stoppage at the ports could affect the supply chain. Oct 3, 2024
A bit of a moot point now, but still interesting reporting on the situation.
Two weeks later…
What a bunch of cunts. These managers don’t know engineering, they don’t care about the product, they sure as shit don’t care about the customers or the employees. Is it just going to be Northrop-Grumman and Lockheed-Martin rolling their eyes and getting back into civil aviation?
My dad flew in the Super Fortress & Flying Fortress in WWII. I know he had some harrowing experiences, being a gunny sergeant, but the planes falling apart wasn’t one of them. And that may’ve been because of this:
Curtiss-Wright was being run then like Boeing is being run now, and crapped out and went away into subcontracting and being perpetually bailed out like Studebaker.
I know ya’ll are largely/entirely NOT bitcoin players, but just a friendly warning, the fraud-implosion may be coming soon:
The issue is, how can the large holders of bc redeem their bc back into real money? Somehow they have to get people to play bc by putting money in hoping to get massive bc gains out, but instead leave the players holding the bag.
One potential scam is to get people to play the betting markets on the election. Once you’ve bought bitcoin and placed your bets, the big holders, who also own the escrow and transaction infrastructure, will evaporate into the ether, holding your money and delaying the payment of bitcoin until it’s clear that the escrow and transaction infrastructure has been a fraud all along.
It’s tempting, because Skippy Dipshit and Resident Rump are such tempting targets to short. Don’t fall for it. Don’t put a single pfennig of real money into bc assuming a big payout. It won’t happen. The big holders of bc are looking for THEIR payout. If you buy in, you’re paying them out.
In general with bitcoin, the only sound advice is “don’t think you’re smarter than the scammers running the house.”
Get out, where and when you can, and never, ever get back in.
When I first heard of it, it was still pretty cheap (around 2013). I was interested, but that was already past the days where you could readily mine it with a normal PC. People had been using GPUs and FPGAs and they were just beginning to come out with ASICs that would make whatever tech you ordered to mine it obsolete by the time it arrived.
And back then, the only ways to get it were still super-shady. Send a wire transfer or money order to some foreign company on a Pacific Island or in Russia or something, hope they’d give you the bitcoin, and cross your fingers and hope they’d send you money back when you wanted to cash out. But they were routinely just disappearing, or claiming they’d lost all their customer’s bitcoins in a hack or something. Of course new ones were always popping up, but they had no history and looked just as shady.
So I missed out on the whole thing, and that’s fine. I suspect I more likely missed out on getting ripped off than on getting rich.