It's fun to blame Red Lobster going down because of all you can eat shrimp, but no one really emphasizes this bit:
"A private equity firm bought the chain ten years ago from Darden Restaurants.... The firm, Golden Gate Capital, funded the deal partly by selling Red Lobster's real estate.
That meant the chain had to start paying rent. That's now a major financial factor in Red Lobster's bankruptcy filing"
VC again leaving a trail of destruction behind them
@virtualbri private equity isn’t the same as venture capital! It’s two different groups of smug billionaires pulling all the copper pipes out of the walls of capitalism! Two different business models with the same consequence! (Convergent evolution!)
This week: Using paper for finance tracking has been invaluable for helping me understand the process, shaping my Markdown budget trackers into a text-based, hands-on envelope budgeting approach. Simple calculations mean I can take charge of my incomings and outgoings without a standard spreadsheet.
As an #engineer, if I had any other #data series that was pretty smooth for several years and then started getting very spiky month to month, I'd look for some underlying malfunction.
Really interesting discussion of China's green/sustainable financing mechanisms (especially relative to the IRA In the US). Favorable financing for things you want, unfavorable for the things you don't. Financially it's a lot like a tax, but it's implemented by a different institution and paid far away from consumers. You can see how it might be politically different from a tax.
TIL about the Energy Discrimination Elimination Act from Oklahoma.
That sounds very Orwellian and it is. It requires the state to stop doing business with financial firms that are “discriminating” against fossil fuel companies.
“Oil and gas has been the main driver of the economy and the state of Oklahoma for the last 100 years,” state Sen. Mike Allen (R) said in an interview. “And so I don't want to do business with people that are trying to put us out of business.”
Ces géants qui dominent le commerce mondial agricole
C’est un oligopole dont on ne connaît presque rien. En quelques décennies, une poignée d’acteurs a pris le contrôle du commerce mondial agricole, des terres à la #finance. Peut-on laisser à quelques groupes le destin de la sécurité alimentaire mondiale?
@mediapart@Morange pour les gogoles vous comprenez pourquoi macron ne tape pas sur certains types d'agriculteur? "de la terre a la finance" le reste la macronie s'en fou car ne peut être support d'un actif financier.
Ce n'est donc pas une question syndicale mais une question "de capital".
nah dog I'm toothmaxxing, polish the pearlies 40 times a day, if you not brushin you not crushin, stay toothy mouthnation #toothgod#lifeadvice#finance#fyp#teeth