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
There should be written more about the businesscases Bigtech sees with regard to AI, especially in the consumer market. Functionalities and costs increase but i read very little about how will they get a reward on their investment of billions. In the end we will have to pay, somewhere, somehow.... #AI#businesscase#costs#finance
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.
Foreign ministers from 13 countries warn Israel against Rafah assault
Foreign ministers from 13 countries have signed a letter warning Israel to halt its ground invasion of Rafah and to allow more aid to reach the Palestinian population.
The letter was signed by the foreign ministers of the G7 states: Germany, France, the UK, Italy, Japan and Canada, as well as their counterparts from Australia, Denmark, Finland, the Netherlands, New Zealand, South Korea and Sweden.
Speculators have purchased long-forgotten 2nd mortgages from back during the housing loan crisis, sometimes at pennies on the dollar. They've made little attempt to collect for years, then suddenly they're demanding payment with interest or they'll foreclose on the home.
Business groups are warning #Finance Minister #ChrystiaFreeland that increasing #Canada’s #CapitalGains inclusion rate will have “significant knock-on impacts” if implemented with possible “irreversible repercussions.”
Six of the country’s largest industry organizations wrote in an open letter to Freeland Thursday that the proposed hike will impede economic growth and come at the expense of future generations.
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Used car prices coming down in the USA. This isn't great for new car buying as dealers will offer less on a trade. Dealers still aren't moving much on new car pricing (yet).
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