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Cake day: August 11th, 2023

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  • I don’t see in the article what percentage of this increased ‘value’ was actually spent on stocks. It seems such a house of cards to say the unrealised value of retained holdings is worth anything like the figure you get if applying the most recent trade’s value to all existing shares. A value beyond a percentage of the company’s assets and projected yield makes for a pretty risky game of hot potato for anyone buying in at the end and the potential for ridiculously overblown paper losses for anyone who got in at the start of the pyramid scheme with knock-on effects that propagate out to the real economy through the contagion of doomsaying. Bonds are a far more transparent way of raising funds and incentivise productive endeavours with good fundamentals as the company needs to pay from profits rather than offloading rewards to the system of finding another sucker (which can happen with bonds as well if sold before maturity in the belief that the issuer will be unable to fulfill their promise).










  • uncertainty@lemmy.nzto196@lemmy.blahaj.zoneRule
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    7 months ago

    Food is grown specifically to feed livestock though, it would be a pretty weird trophic pyramid for them to survive on our waste unless you went back to a time where people killed their one pig for the year and salted it away. In our country, the land degradation from clearing hill country for grazing has led to enormous biodiversity loss and a self-fufilling prophecy of eroded weak topsoil that people claim isn’t good for anything else (though it could still be rewilded and in other cultures and times would be terraced and swaled to support plant crops).










  • Well, not really. That though the words are related, from the link:

    There is a huge gulf between the nomadic Hebrew tribes of the Bronze Age and ancient Rome, and one cannot take a vague allusion in the Hebrew Bible and apply it to a civilization a millennium and more than a thousand miles distant.

    The myth may have arisen in the minds of medieval readers. A number of ancient Roman writers engaged in wordplay and puns about male genitalia and testimony—the similarity between the words was not lost on them—and medieval readers may also have conflated the biblical readings with Roman practice. In any case, it’s not the origin of the Latin or English word.