In other news... (humorous news items)

Seen something interesting in the news or on the intertubes? Discuss it here.

Moderators: Zamfir, Hawknc, Moderators General, Prelates

Sheikh al-Majaneen
Name Checks Out On Time, Tips Chambermaid
Posts: 1075
Joined: Fri Jan 01, 2010 5:17 am UTC

Re: In other news... (humorous news items)

Postby Sheikh al-Majaneen » Sun Jun 04, 2017 7:17 pm UTC

Man who mowed lawn with tornado behind him says he 'was keeping an eye on it.'

The picture (spoilered for size):

Spoiler:
Image


Spoiler:
THREE HILLS, Alta. — A photo of a man in Alberta mowing a lawn with a tornado swirling behind him has been causing a storm on social media.

Cecilia Wessels snapped the picture of her husband, Theunis, on Friday evening as the twister passed near their home in Three Hills.

She said cutting the grass was on her husband's to-do list, and as he started the task, she went for a nap.

Wessels said she was woken by her nine-year-old daughter who was upset that there was something like a tornado in the sky, but her father wouldn't come inside.

Theunis Wessels said the tornado was actually much further away than it appears in the photo, and that it was moving away from them.

There have been no reports of injuries from the tornado, although some other photos show downed trees and a barn with its roof ripped off.

"I literally took the picture to show my mum and dad in South Africa, 'Look there's a tornado,' and now everyone is like, 'Why is your husband mowing the lawn?’” Cecilia Wessels said Saturday.

"Our whole street, everyone was on their back patios taking pictures," she said.

Theunis Wessels said he was keeping watch of his surroundings and saw the twister form as the swirling connected from the sky and the ground to form the funnel.

Both said tornadoes are not common in South Africa, but Theunis said he watched a TV program about storm chasers, so he's familiar with them.

The tornado moved away to the east, he said.

"It looks much closer if you look in the photo, but it was really far away. Well, not really far, far away, but it was far away from us," he said.

"I was keeping an eye on it."

User avatar
ucim
Posts: 6403
Joined: Fri Sep 28, 2012 3:23 pm UTC
Location: The One True Thread

Re: In other news... (humorous news items)

Postby ucim » Sun Jun 04, 2017 9:33 pm UTC

I first read that as "Man who mowed lawn with tomato behind him..." I'm not sure which is more amusing.

Jose
Order of the Sillies, Honoris Causam - bestowed by charlie_grumbles on NP 859 * OTTscar winner: Wordsmith - bestowed by yappobiscuts and the OTT on NP 1832 * Ecclesiastical Calendar of the Order of the Holy Contradiction * Please help addams if you can. She needs all of us.

User avatar
Quercus
Posts: 1731
Joined: Thu Sep 19, 2013 12:22 pm UTC
Location: London, UK
Contact:

Re: In other news... (humorous news items)

Postby Quercus » Mon Jun 05, 2017 7:04 am UTC

Remove the "behind him" and it becomes much more impressive, whether we're talking about tornados or tomatoes

User avatar
HES
Posts: 4868
Joined: Fri May 10, 2013 7:13 pm UTC
Location: England

Re: In other news... (humorous news items)

Postby HES » Tue Jun 06, 2017 4:49 pm UTC

He/Him/His Image

User avatar
SDK
Posts: 619
Joined: Thu May 22, 2014 7:40 pm UTC
Location: Canada

Re: In other news... (humorous news items)

Postby SDK » Tue Jun 06, 2017 6:03 pm UTC

Sheikh al-Majaneen wrote:Man who mowed lawn with tornado behind him says he 'was keeping an eye on it.'

The picture (spoilered for size):

Spoiler:
Image


Spoiler:
THREE HILLS, Alta. — A photo of a man in Alberta mowing a lawn with a tornado swirling behind him has been causing a storm on social media.

Cecilia Wessels snapped the picture of her husband, Theunis, on Friday evening as the twister passed near their home in Three Hills.

She said cutting the grass was on her husband's to-do list, and as he started the task, she went for a nap.

Wessels said she was woken by her nine-year-old daughter who was upset that there was something like a tornado in the sky, but her father wouldn't come inside.

Theunis Wessels said the tornado was actually much further away than it appears in the photo, and that it was moving away from them.

There have been no reports of injuries from the tornado, although some other photos show downed trees and a barn with its roof ripped off.

"I literally took the picture to show my mum and dad in South Africa, 'Look there's a tornado,' and now everyone is like, 'Why is your husband mowing the lawn?’” Cecilia Wessels said Saturday.

"Our whole street, everyone was on their back patios taking pictures," she said.

Theunis Wessels said he was keeping watch of his surroundings and saw the twister form as the swirling connected from the sky and the ground to form the funnel.

Both said tornadoes are not common in South Africa, but Theunis said he watched a TV program about storm chasers, so he's familiar with them.

The tornado moved away to the east, he said.

"It looks much closer if you look in the photo, but it was really far away. Well, not really far, far away, but it was far away from us," he said.

"I was keeping an eye on it."

That's funny. I actually saw that tornado form while driving from Calgary to Edmonton. It was cool, and actually far away from me - not like this guy!
The biggest number (63 quintillion googols in debt)

User avatar
ObsessoMom
Nespresso Bomb
Posts: 733
Joined: Sun Sep 29, 2013 5:28 pm UTC

Re: In other news... (humorous news items)

Postby ObsessoMom » Thu Jun 15, 2017 4:49 am UTC

Fox News dropped its "Fair and Balanced" motto last August, and apparently no one noticed until today.

The new motto is "Most Watched, Most Trusted." Heh. "Fair and Balanced" was 0 for 2--at least this motto is 1 for 2.

User avatar
Angua
Don't call her Delphine.
Posts: 5773
Joined: Tue Sep 16, 2008 12:42 pm UTC
Location: UK/[St. Kitts and] Nevis Occasionally, I migrate to the US for a bit

Re: In other news... (humorous news items)

Postby Angua » Sun Jun 18, 2017 9:17 am UTC

Crabtree's bludgeon: “no set of mutually inconsistent observations can exist for which some human intellect cannot conceive a coherent explanation, however complicated”
GNU Terry Pratchett

Mutex
Posts: 1342
Joined: Wed Jan 09, 2008 10:32 pm UTC

Re: In other news... (humorous news items)

Postby Mutex » Sun Jun 18, 2017 9:58 am UTC


That's pretty big for a "canoe", I was imagining something like a kayak and wondering where all the tons of food etc went.

User avatar
Zohar
COMMANDER PORN
Posts: 8170
Joined: Fri Apr 27, 2007 8:45 pm UTC
Location: Denver

Re: In other news... (humorous news items)

Postby Zohar » Sun Jun 18, 2017 12:29 pm UTC

Yeah, definitely not what pops into mind in the US as a canoe. I wonder what stops it from being a boat.
Mighty Jalapeno: "See, Zohar agrees, and he's nice to people."
SecondTalon: "Still better looking than Jesus."

Not how I say my name

idonno
Posts: 171
Joined: Fri Apr 03, 2015 3:34 am UTC

Re: In other news... (humorous news items)

Postby idonno » Sun Jun 18, 2017 1:18 pm UTC

Mutex wrote:That's pretty big for a "canoe", I was imagining something like a kayak and wondering where all the tons of food etc went.

That still doesn't look like very much space for food. I would assume that they had to procure most of it along the way.

Zohar wrote:Yeah, definitely not what pops into mind in the US as a canoe. I wonder what stops it from being a boat.

A canoe is a type of boat.
Canoe: a narrow, keelless boat with pointed ends, propelled by a paddle or paddles.
This looks like 2 large versions of what I typically think of when I here canoe with a structure built on top of them

User avatar
Soupspoon
You have done something you shouldn't. Or are about to.
Posts: 3484
Joined: Thu Jan 28, 2016 7:00 pm UTC
Location: 53-1

Re: In other news... (humorous news items)

Postby Soupspoon » Sun Jun 18, 2017 2:30 pm UTC

https://en.wikipedia.org/wiki/Outrigger_canoe
https://en.wikipedia.org/wiki/Canoe_sailing

There is of course going to be a continuum of maritime1 vessels. Parallel and derivative developments upsizing and downsizing 'types' to overlap other types.
Spoiler:
Image
:mrgreen:


1 Or lacustrine or fluvial or pelagic... Or littorally anywhere with water.. ;)

User avatar
flicky1991
Like in Cinderella?
Posts: 738
Joined: Fri Feb 11, 2011 3:36 pm UTC
Location: London

Re: In other news... (humorous news items)

Postby flicky1991 » Sun Jun 18, 2017 5:31 pm UTC

Zohar wrote:Yeah, definitely not what pops into mind in the US as a canoe. I wonder what stops it from being a boat.

I have the same problem when Americans say "yacht". I always think of those as small. It might not actually be a US/UK split but it seems to be mostly Americans that think of it as something big that you would only own if you were really posh.
any pronouns
----
avatar from marionic
----
Forum Games Discord
(tell me if link doesn't work)
----
NiteSciFi, sci-fi forum that needs more members

User avatar
Soupspoon
You have done something you shouldn't. Or are about to.
Posts: 3484
Joined: Thu Jan 28, 2016 7:00 pm UTC
Location: 53-1

Re: In other news... (humorous news items)

Postby Soupspoon » Sun Jun 18, 2017 7:21 pm UTC

You ought to see my throatwobbler mangrove. (It's very silly.)

User avatar
sardia
Posts: 6343
Joined: Sat Apr 03, 2010 3:39 am UTC

Re: In other news... (humorous news items)

Postby sardia » Tue Jun 20, 2017 4:39 am UTC

https://www.nytimes.com/2017/06/19/worl ... tions.html
China has long won diplomatic allies in the world’s poor countries by helping them build expensive roads and ports. Now, it appears to have similarly won over a needy country in Europe.
At a meeting of the United Nations Human Rights Council this month in Geneva, the European Union sought to draw renewed attention to human rights abuses in China — only to be blocked by one of its member countries, Greece. A spokesman for the Greek Foreign Ministry in Athens called it “unproductive criticism.”
It was the first time that the European Union did not make a statement in the Human Rights Council regarding rights violations in specific countries, including China, which has a seat on the council. That silence was an embarrassing reversal for the 28-country bloc, which has prided itself on taking progressive positions on human rights on a council where some nations with poor human rights records habitually resist country-specific resolutions and examinations of their conduct.

Greece is increasingly courting Chinese trade and investment as it faces pressure from international creditors and a cold shoulder from its traditional rich allies in Europe. China’s largest shipping company, known as China COSCO Shipping, bought a majority stake last year in the Greek port of Piraeus. The Greek prime minister, Alexis Tsipras, has visited China twice in two years. And China will be the “country of honor” at Greece’s annual international business fair in September in the port of Thessaloniki.
Continue reading the main story
Greek ports are critical to China’s “One Belt, One Road” initiative, a huge infrastructure project across Asia, Africa and Europe. Just last week, at a concert of the Shanghai Chinese Orchestra in Piraeus, the Chinese ambassador to Greece hailed the cooperation between the two countries. “Greece and China will remain good friends in good and bad times, good partners for mutual progress,” said the envoy, Zou Xiaoli, according to Xinhua, the Chinese news agency.
In short, China managed to pay off the Greeks, which let them veto any human rights criticism from the EU against China. An embarrassment for the EU, but also shows China's strength.
I like this story since it shows so many angles. It's partly Greece's fault for being so corruptible, it show's China's rise and it's willingness to use money to get past criticism, and also the EU's (aka Germany) failure to unite and bind Europe to it's will because Germans are tightwads.

Mutex
Posts: 1342
Joined: Wed Jan 09, 2008 10:32 pm UTC

Re: In other news... (humorous news items)

Postby Mutex » Wed Jul 05, 2017 5:23 pm UTC

http://www.bbc.co.uk/news/uk-politics-40506109

Conservative MP Jacob Rees-Mogg has named his sixth child Sixtus Dominic Boniface Christopher.

The backbencher announced the new arrival on Instagram, where attention focused on the eye-catching name.

The name Sixtus is shared with five popes, most recently in 1590.

"Helena and I announce with great joy that we have a baby Sixtus Dominic Boniface Christopher, a brother for Peter, Mary, Thomas, Anselm and Alfred." Mr Rees-Mogg said.

The other children's full names are Alfred Wulfric Leyson Pius, Thomas Wentworth Somerset Dunstan, Peter Theodore Alphege, Anselm Charles Fitzwilliam and Mary Anne Charlotte Emma Rees-Mogg.


That guy is like a Tory upper-class eccentric caricature come to life. That list of kids names is like a Monty Python sketch, I can just hear them being read out in John Cleese's voice.

EDIT: And I've just seen he's going to be on Question Time this week, alongside a journalist called Susie Boniface. Did he look up who he'd be on with, and had her name stuck in his head while thinking of names for his child?

User avatar
Sableagle
Ormurinn's Alt
Posts: 1808
Joined: Sat Jun 13, 2015 4:26 pm UTC
Location: The wrong side of the mirror
Contact:

Re: In other news... (humorous news items)

Postby Sableagle » Wed Jul 05, 2017 6:34 pm UTC

How many of those names are saints' or popes' names?

Boniface is ... and is also a cat with 20 followers on Twitter.
Oh, Willie McBride, it was all done in vain.

Mutex
Posts: 1342
Joined: Wed Jan 09, 2008 10:32 pm UTC

Re: In other news... (humorous news items)

Postby Mutex » Wed Jul 05, 2017 6:50 pm UTC

That would explain it, just a funny coincidence though.

User avatar
Soupspoon
You have done something you shouldn't. Or are about to.
Posts: 3484
Joined: Thu Jan 28, 2016 7:00 pm UTC
Location: 53-1

Re: In other news... (humorous news items)

Postby Soupspoon » Thu Jul 06, 2017 2:57 pm UTC

Mutex wrote:That would explain it, just a funny coincidence though.

Spoiler:
Image

User avatar
ObsessoMom
Nespresso Bomb
Posts: 733
Joined: Sun Sep 29, 2013 5:28 pm UTC

Re: In other news... (humorous news items)

Postby ObsessoMom » Sun Jul 09, 2017 4:17 pm UTC


User avatar
LaserGuy
Posts: 4540
Joined: Thu Jan 15, 2009 5:33 pm UTC

Re: In other news... (humorous news items)

Postby LaserGuy » Sun Jul 09, 2017 4:44 pm UTC

American retailer Hobby Lobby has just been fined 3 million dollars for smuggling over 5000 artifacts looted from Iraq after the fall of Saddam, and will have to surrender the illicit collection.

User avatar
Soupspoon
You have done something you shouldn't. Or are about to.
Posts: 3484
Joined: Thu Jan 28, 2016 7:00 pm UTC
Location: 53-1

Re: In other news... (humorous news items)

Postby Soupspoon » Sun Jul 09, 2017 5:08 pm UTC

Future US elections to be guaranteed hack-free (now that people who know about these things are put in charge)!

User avatar
ObsessoMom
Nespresso Bomb
Posts: 733
Joined: Sun Sep 29, 2013 5:28 pm UTC

Re: In other news... (humorous news items)

Postby ObsessoMom » Mon Jul 10, 2017 12:57 pm UTC

Re: that 'impenetrable cybersecurtity unit' thingy: Trump tweeted some backpedaling, apparently in response to the withering derision of the Graham-McCain-Rubio troika (among many, many others).

User avatar
Coyne
Posts: 1040
Joined: Fri Dec 18, 2009 12:07 am UTC
Location: Orlando, Florida
Contact:

Re: In other news... (humorous news items)

Postby Coyne » Tue Jul 11, 2017 2:10 am UTC


Years ago I heard a story about a CIO who was banned from his own Datacenter after pressing the button labeled, "Emergency power off".
In all fairness...

User avatar
Sableagle
Ormurinn's Alt
Posts: 1808
Joined: Sat Jun 13, 2015 4:26 pm UTC
Location: The wrong side of the mirror
Contact:

Re: In other news... (humorous news items)

Postby Sableagle » Tue Jul 11, 2017 11:52 am UTC

ObsessoMom wrote:Re: that 'impenetrable cybersecurtity unit' thingy: Trump tweeted some backpedaling, apparently in response to the withering derision of the Graham-McCain-Rubio troika (among many, many others).

Guarded against the FBI finding out about them next time?
Oh, Willie McBride, it was all done in vain.

User avatar
Gopher of Pern
Posts: 250
Joined: Fri Jan 15, 2010 1:28 am UTC
Location: Central Coast, Australia

Re: In other news... (humorous news items)

Postby Gopher of Pern » Tue Jul 11, 2017 11:27 pm UTC

Britain's first muslim gay marriage ceremony

Nice to see some progression. Although, reading through the facebook feed, most of the top comments are about how you can't be muslim if you are gay, some even calling for them to die.

Hope they find happiness in their marriage.
Last edited by Gopher of Pern on Wed Jul 12, 2017 5:49 am UTC, edited 1 time in total.
Look In My Face
Stare In My Soul
I Begin To Stupefy

User avatar
flicky1991
Like in Cinderella?
Posts: 738
Joined: Fri Feb 11, 2011 3:36 pm UTC
Location: London

Re: In other news... (humorous news items)

Postby flicky1991 » Wed Jul 12, 2017 5:26 am UTC

We've had gay marriage for a little while now. From the looks of it, this is just one of the first Muslim ones.
any pronouns
----
avatar from marionic
----
Forum Games Discord
(tell me if link doesn't work)
----
NiteSciFi, sci-fi forum that needs more members

User avatar
Gopher of Pern
Posts: 250
Joined: Fri Jan 15, 2010 1:28 am UTC
Location: Central Coast, Australia

Re: In other news... (humorous news items)

Postby Gopher of Pern » Wed Jul 12, 2017 5:49 am UTC

flicky1991 wrote:
We've had gay marriage for a little while now. From the looks of it, this is just one of the first Muslim ones.


Yes, you are right. Changed it.
Look In My Face
Stare In My Soul
I Begin To Stupefy

User avatar
ObsessoMom
Nespresso Bomb
Posts: 733
Joined: Sun Sep 29, 2013 5:28 pm UTC

Re: In other news... (humorous news items)

Postby ObsessoMom » Wed Jul 12, 2017 7:18 pm UTC

If ever a name were crying out to be replaced by a pronoun, it's "August Adolphus Busch IV." But police reports seem obliged to refer to the suspect's full legal name throughout, which just adds to the hilarity in this article (which quotes said police report extensively).

August Adolphus Busch IV, the former CEO of Anheuser-Busch, had in his helicopter four loaded guns, each with a round in the chamber, eight dogs and prescription pills when police prevented him and his wife from taking off from a parking lot, according to police accounts and a search warrant application filed Tuesday.

[...]

The helicopter initially landed about 12:48 p.m. Monday. But it was about eight hours later when a caller told police that an “intoxicated male was getting into the helicopter and attempting to fly away,” the search warrant stated.


Don't let the helicopter distract you. Rich people are just folks. The rednecks with whom I grew up also maintained a 2-to-1 dog-to-gun ratio.

Busch took a portable breathalyzer at the scene, which came back negative for alcohol, according to the search warrant.


Let the watery-Budweiser jokes begin.

User avatar
sardia
Posts: 6343
Joined: Sat Apr 03, 2010 3:39 am UTC

Re: In other news... (humorous news items)

Postby sardia » Thu Jul 13, 2017 3:17 am UTC

https://qz.com/1010684/all-the-wellness ... -and-goop/
The far left and far right sell the same psuedo(fake )science supplements, but they just repackage them under superliberal or super conservative names.
Examples
Ashwagandha
Goop: Recommended in Magic Potions for Clarity, Beauty, and Energy

Tonifies the immune system; inspires vigor and strength; relieves mental, emotional, and physical stress; and harmonizes mind, body, and spirit.

Infowars: Heirloom Organics Professional Medicine Pack

Ashwagandha is regarded as one of the great rejuvenative [sic] herbs of India. According to Ayurveda, the traditional healing system of India, the root of this low-growing shrub is said to be effective for a host of debilitated [sic] conditions, including general weakness, impotence, infertility, and others. Ashwaganda is sometimes described as Indian Ginseng for the significance of this botanical in Indian pharmacopoeia.

Moon Juice: Chaga

Our Chaga mushrooms contain bio-active beta glucans [these have been shown to live up to some of their promises] to support the body’s innate defense systems.

Infowars: Caveman True Paleo Formula

The Ultimate In True Paleo Nutrition with Bone Broth, Turmeric Root, Chaga Mushroom, Bee Pollen, and other Ancient Supernutrients [sic, entire sentence].
It's funny that this validates the horseshoe theory of politics. Also, the far extremes are really retarded.

Sheikh al-Majaneen
Name Checks Out On Time, Tips Chambermaid
Posts: 1075
Joined: Fri Jan 01, 2010 5:17 am UTC

Re: In other news... (humorous news items)

Postby Sheikh al-Majaneen » Thu Jul 13, 2017 3:34 am UTC

Some of those substances, like ashwagandha, have actually been subject to scientific research showing effects not identical to placebo. The linked site also links to these studies. If interested, don't just stop at the initial summary.

That might just be the moon juice talking though.

User avatar
ObsessoMom
Nespresso Bomb
Posts: 733
Joined: Sun Sep 29, 2013 5:28 pm UTC

Re: In other news... (humorous news items)

Postby ObsessoMom » Thu Jul 13, 2017 6:48 pm UTC

The Guardian wrote:'Fontgate': Microsoft, Wikipedia and the scandal threatening the Pakistani PM
Court finds that Nawaz Sharif’s daughter in 2006 disclosed link to firm named in Panama Papers, but disclosure was typed in font not available until 2007

link

Calibri wasn't available yet, so somebody got caught re-Calibrating.

Dingbats!

User avatar
Soupspoon
You have done something you shouldn't. Or are about to.
Posts: 3484
Joined: Thu Jan 28, 2016 7:00 pm UTC
Location: 53-1

Re: In other news... (humorous news items)

Postby Soupspoon » Thu Jul 13, 2017 7:12 pm UTC

I love the information that "The Wikipedia Calibri page usually receives about 500 visits per day. On July 11 and 12 combined, it received about 150,000." Even more so (from the half a kilovisit background rate, alone) than the next paragraph where it explains that an edit war broke out, apparentlg some people trying to make the 'facts' fit the alibi.

(But wouldn't it be ironic if the one and only crime was Premature Font Abduction! ;))

User avatar
Liri
Healthy non-floating pooper reporting for doodie.
Posts: 1113
Joined: Wed Oct 15, 2014 8:11 pm UTC
Contact:

Re: In other news... (humorous news items)

Postby Liri » Mon Jul 17, 2017 12:43 am UTC

There's a certain amount of freedom involved in cycling: you're self-propelled and decide exactly where to go. If you see something that catches your eye to the left, you can veer off there, which isn't so easy in a car, and you can't cover as much ground walking.

User avatar
ObsessoMom
Nespresso Bomb
Posts: 733
Joined: Sun Sep 29, 2013 5:28 pm UTC

Re: In other news... (humorous news items)

Postby ObsessoMom » Wed Jul 19, 2017 8:06 pm UTC

Thousands sign up to clean sewage because they didn't read the small print
Those who fell for the gag clause inserted into wifi terms and conditions committed to more than a month of community service

The Guardian wrote:Do you read the terms and conditions? Probably not. No one does. And so, inevitably, 22,000 people have now found themselves legally bound to 1000 hours of community service, including, but not limited to, cleaning toilets at festivals, scraping chewing gum off the streets and “manually relieving sewer blockages”.

The (hopefully) joke clause was inserted in the terms and conditions of Manchester-based wifi company Purple for a period of two weeks, “to illustrate the lack of consumer awareness of what they are signing up to when they access free wifi”. The company operates wifi hotspots for a number of brands, including Legoland, Outback Steakhouse and Pizza Express.

Purple also offered a prize for anyone who actually read the terms and conditions, and flagged up the “community service clause”. Just one person claimed it.

KnightExemplar
Posts: 5494
Joined: Sun Dec 26, 2010 1:58 pm UTC

Re: In other news... (humorous news items)

Postby KnightExemplar » Thu Jul 20, 2017 8:45 pm UTC

http://erikrood.com/Posts/consumer_expenditures.html

Just a blogger who decided to slice up the data behind the BLS Consumer Expenditures survey in a clear and interesting way.

For the most part, I don't see anything "surprising" in the post. But I know some people say that the poor are poor because they spend more (or something like that), but clearly, the poor spend less than everyone else (but more than their income). Seems like income is the main problem for the poor.

Among other issues: like lower levels of education, not being able to own a home, etc. etc.

One statistic did surprise me: that the top 20% have a home ownership (without mortgage) rate of over 50%. The bottom 40% of Americans spend more than they make on the average... but their spending is less than the next groupings. (The 20% to 40% quintile spends less than the 40% to 60% quintile)
First Strike +1/+1 and Indestructible.

User avatar
LaserGuy
Posts: 4540
Joined: Thu Jan 15, 2009 5:33 pm UTC

Re: In other news... (humorous news items)

Postby LaserGuy » Thu Jul 20, 2017 9:03 pm UTC

Are there some benefits or something that aren't being accounted for there? Is that just employment income vs. spending? The bottom 20% apparently spend almost twice their income.

KnightExemplar
Posts: 5494
Joined: Sun Dec 26, 2010 1:58 pm UTC

Re: In other news... (humorous news items)

Postby KnightExemplar » Thu Jul 20, 2017 9:07 pm UTC

LaserGuy wrote:Are there some benefits or something that aren't being accounted for there? Is that just employment income vs. spending? The bottom 20% apparently spend almost twice their income.


Here's my interpretation.

Being in the bottom 20% is temporary for most Americans. Its a tough time of their lives, and they're dependent on savings or the good will of their family to hold them over... until they get a permanent job. During such a time, you'd naturally spend more than your income. Because your income is composed of either nothing... or just part-time labor.

I guess there's a number of people who are perpetually in the bottom 40%, but their spending is likely adjusted for their situation. The bottom 40% still spends more than they make, but its "reasonable" (especially if they're doing what a lot of people do and just perpetually take out loans)

EDIT: Consider the bottom 20%, this is the group of Americans earning less than $19,572/year. That's basically full-time $10/hour, and I'm sure a lot of that group is below minimum-wage ($7/hour or $14k/year). So that really indicates to me that a significant portion of that is temporary work and/or unemployed.

EDIT2: The Social Security payouts to the bottom 20% are larger than I expected. I completely didn't account for old retired people. In fact, there is an average of $4000 of wages to the bottom 20%, but $8000 in Social Security. So that implies that a large portion of the bottom 20% are at retirement age. Alternatively, they could be disabled people who are getting their Social Security benefits early. Retirement is a perfectly acceptable time to spend more than you're making. Your income is virtually zero, but your spending will remain the same.

The actual data is from here: https://www.bls.gov/cex/tables.htm#annual
First Strike +1/+1 and Indestructible.

morriswalters
Posts: 7073
Joined: Thu Jun 03, 2010 12:21 am UTC

Re: In other news... (humorous news items)

Postby morriswalters » Thu Jul 20, 2017 9:42 pm UTC

I don't care enough to research this but consider that facts without context are just another way of lying. Consider that lowest income level. What is that, maybe $10,000? It's hard to tell because the graph is set to show you the difference not the numbers. Because that is what the chart was designed to show you. Look at when income starts to exceed spending. Maybe 5 times that amount. So people below $50,000 a year have a hard time saving money. The raw numbers would be more informative. Including the income numbers, and the type of debt.

User avatar
CorruptUser
Posts: 9993
Joined: Fri Nov 06, 2009 10:12 pm UTC

Re: In other news... (humorous news items)

Postby CorruptUser » Thu Jul 20, 2017 10:31 pm UTC

Better yet, show the income after taxes and benefits, not before.

KnightExemplar
Posts: 5494
Joined: Sun Dec 26, 2010 1:58 pm UTC

Re: In other news... (humorous news items)

Postby KnightExemplar » Wed Aug 02, 2017 9:39 pm UTC

https://www.bloomberg.com/view/articles ... y-bitcoins

This article is amazing.

Bitcoin had a major fork earlier this week. Bitcoin has now split into "Original Bitcoin" (BTC) and "Bitcoin Cash" (BCC). (Forks happen all the time, but Bitcoin Cash is a rare fork which people are actually taking seriously). The way a fork works in the Bitcoin world is that if you have 1-BTC before the fork, you'll have 1-BTC + 1BCC after the fork.

However, the mechanics of the fork are wreaking havoc on a BTC exchange called Bitfinex. And the article is basically making fun of the whole situation.

The SHORT story (ha ha ha) is that Bitfinex allowed its customers to short-sell BTC. That is to say: on July 31, a large number of BTC traders had negative BTC in their accounts. And how should the "shorts" be covered during the fork? The article points out a series of unfortunate, bad options for the exchange.
First Strike +1/+1 and Indestructible.


Return to “News & Articles”

Who is online

Users browsing this forum: CorruptUser and 15 guests