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babysdaddy

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Posts posted by babysdaddy

  1. 2 hours ago, DefinitelyNotHollywoodColt said:

    Not sure where to ask this but figured this thread is my best shot:

    My mom has mineral rights for a property in North Texas and the local power company wants to put a solar farm on it and a landman has reached out to my Mom and offered like $1.5K to sign off on some paperwork. Then a couple of days later she gets a random solicitation from some type of O&G company offering her a similar amount for her interest.

    What's going on here and how should she respond? I assumed her mineral rights didn't apply to solar but maybe I'm wrong? Is there an opp here to get residuals from the solar plant? What should I do?

    echo the above.  Talk to a local mineral rights/easement attorney.  For reference, we have a family ranch around San Saba and were offered $5k for an easement.  Found money, right?  Hired an attorney and got a check for $75k after his cut.  

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  2. 3 hours ago, Hefeweizen said:

    I think Fitch explained their reasoning pretty well.  Fiscal deterioration, check, down to the wire clown shows on debt ceiling, check, 20 years of deterioration in governance.

     

    It points to a bleak trend for the US as ultimately it means money is more expensive to borrow as risk is higher.

     

    I can’t believe the first  cut was 12 years ago.  Time flies when you’re having fun.

     

     

  3. 2 hours ago, bluto said:

    Anybody care to explain todays cliff dive?

    lower credit rating= higher expected long term rates= higher discount for cashflows in the future= negative impact to equities.  Last time we had this we lost 25% in the Nasdaq and 17% in the S&P 500 in a week.  But this rating downgrade is a fucking joke.

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  4. Bump.  Moving and cutting the cord.  Directv stream or yttv?  Looks like no LHN with YTTV but, as someone mentioned, that goes away after this year.  Fan of NFL access, specifically for the Saints, so that seems like YTTV is the way to go.  Any other recs?

  5. 18 hours ago, StassneyHorn said:

    go to page 53 and you can see people fighting over the "recession" last summer

    Yeah, that is when everyone found out that, technically, 2 quarters of negative real gdp in row is not how we define a recession even though we'd been using that shorthand for the past umpteen years.  It was odd that the everyone became pedantic about the definition right before midterms.  Anywho, no recession yet and not one in sight.  Earliest call would be sometime during q1 of 2024 and in an election year all incumbents running from house/senate/president will pull out the stops to avoid having one.  

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  6. 23 minutes ago, Brisketexan said:

    I mean, these follow pretty well:

     

    Number 1 in corporate relocations?  Yes, big businesses look to go someplace with low taxes and limited regulations (regulations often being those things that provide "quality of life," like regulations against serving spoiled meat, or regulations against contaminating the water supply, or regulation of electric utilities to set up a system that has reliable supply, etc.)  Oh, and just to punch through that, that's often just corporate HQ relocations, for tax purposes.  They often don't bring that many jobs with them.

    We have the most Fortune 500 companies?  No, we have the most Fortune 500 HEADQUARTERS....see my comment above.

    We are the #1 wind energy producing state.  That's a good factor in our favor, I give us points for that.  We're also up there in solar production, also a good thing.

    9th largest GDP.  Yes...but deceptive.  Being a resource economy or a resource-heavy economy is not a path to a strong future.  We have sold and continue to sell a shitload of O&G (nevermind what that's doing to the climate, let's just look at the economics), yielding a lot of money in total.  But being a resource-centered economy is a shitty long-term plan.

    At this point in time, Texas's other major resource is a cheap, poorly educated workforce.  Which can be exploited for profit.  When our economic model looks a fair bit like African diamond mines, that's not exactly a point in our favor.

    mining-at-gunpoint.jpg

    Dude, I know you think it sucks.  We all do. 

  7. 4 minutes ago, closetohumping said:

    You know what's crazy?  In Q4 of 2022, California's  GDP out grew Texas and Florida's.  Combined.    Just passed Germany for fourth largest economy in the world. 
     

     

    I know what you’re thinking.  If California is so great why is everyone leaving?  It’s expensive.  That sucks.  But you’re mostly getting people who can’t afford it or want a big ass house to show off.  And corporations chasing tax breaks.  

    I love California and hope to move back there in the future.  But when I lived there it was impossible to figure out where/how to raise kids.  So for everyone saying Texas is only good if you're rich....I'd say the same about Cali.

  8. Just now, royiv said:

    Okay, so good for business trumps quality of life for residents in your view? Longterm, being good for business while ignoring quality of life issues is not sustainable. 

    In my opinion, being good for business begets opportunity for our citizens which translates into improved quality of life......which brings more people here which brings more business.  You know, exactly what has happened.

  9. On 7/17/2023 at 2:10 PM, StassneyHorn said:

    HR is a tool for management only. Anyways…..

    Americans are still better off, with more in the bank than before the pandemic

    Bank account balances are 10 to 15 percent higher than they were in 2019, new data shows

    https://www.washingtonpost.com/business/2023/07/17/bank-accounts-excess-cash-savings/

     

    I hope the you/the Post is right but lots of angst around what the consumer is going to look like later this year, early next.  Maybe the most telegraphed recession in history will finally show up but not yet

  10. Not sure if this is the right thread, but here goes
    Is the global view that the US$ is weakening, I ask because we some suppliers that are in Europe, and until the last couple of weeks they were fine taking PO's in US$ and billing us in American greenbacks, but today makes the 4th time that we were asked to issue the PO in Euro's and we will be billed as such (4 different companies in 3 different countries). 
    Did I miss the memo, or was Uncle Warren buying into Japanese brokerages a wake up call to the almighty dollar?

    Explanation on buffet deal.

  11. 3 hours ago, Foosters said:

    I wonder how many people there are under 40 who just had an extra 10K+ added to their debt AND sat out the 2016 election...

    Hopefully they learn something here

    Zero.  The answer is zero people.  

  12. 3 hours ago, Brisketexan said:

    Yes.  Until they nix legacy admissions, yes, he's wrong.  The math is fucking glaring.

    Legacy admissions favor applicants whose family have a history of attending an institution.  Until approximately 50 years ago (and less, with respect to many institutions), those institutions actually or functionally discriminated against minority students.  And shit, until present day (but at least well into the 70s and 80s), the lower level education apparatus available to minority students was generally inferior to that available to white students.  But let's just go with the fact that there was open discrimination 50 years ago.  That means that when you're looking back in time for a family history.....a white applicant might have such history.  A minority candidate will have a much, much, MUCH lower chance of such history.

    Because of our long history of discrimination -- which is not disputed, even by the SCOTUS in this decision -- legacy admissions are a mechanism that guarantee a discriminatory outcome in favor of white applicants.

    A policy of "we don't consider race anymore....we just consider whether your granddad went here [back when we were racist and didn't let black folks in, so we know your granddad was white]" is indisputably racist.  Yet it remains intact.

    And by the way....I actually don't have a problem with "legacy" being a FACTOR in admissions decisions, especially for private institutions - it's a pathway to greater donations and revenue, which is a material consideration for a university.  However, to balance that, other factors need to come into play, including the race of applicants who are of races who were historically discriminated against and thus are much less likely to have legacy status.

    As is the case with this court with some frequency, it sees only what it wants to see, and turns a blind eye to the rest.

    100% agree regarding your legacy admissions screed.  But that wasn't before the Court. And it was the Asian kids getting fucked in this deal.

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