[-] flathead@lemm.ee 14 points 9 months ago

Published Feb 19, 2023 12:37 PM by The Maritime Executive

Sailing cargo ships are making a genuine comeback. Japanese bulk carrier MOL is operating a wind-assisted ship. American food giant Cargill is working with Olympic sailor Ben Ainslie to deploy WindWings on its routes. Swedish shipping company Wallenius is aiming for Oceanbird to cut emissions by up to 90%. The French start-up Zephyr & Borée has built the Canopée, which will transport parts of European Space Agency’s Ariane 6 rocket this year.

https://maritime-executive.com/editorials/sailing-cargo-ships-are-making-a-genuine-comeback

[-] flathead@lemm.ee 13 points 9 months ago

Kid at school named Miles Long.

[-] flathead@lemm.ee 12 points 9 months ago

I don't get it either. Why announce it like he's proud of it as a policy position when he could just push it through if they manage to win a majority? Who sent him out in front of the cameras to talk about it? The only thing I can think of is that maybe he's being deliberately set up for a spill because he's so obviously out of touch and un-electable.

[-] flathead@lemm.ee 11 points 9 months ago

I'm getting laid.

[-] flathead@lemm.ee 12 points 9 months ago

to be fair, he doesn't understand anything.

[-] flathead@lemm.ee 12 points 9 months ago

Dude should have picked up some tips from Badger: https://piped.video/watch?v=I6_yFJuA6gk (Breaking Bad clip - Badger arrest scene)

[-] flathead@lemm.ee 13 points 9 months ago

So they have more cameras than anywhere else but also a higher rate of road deaths. Evidently the cameras aren't effective and are mainly a regressive tax collection mechanism.

[-] flathead@lemm.ee 13 points 10 months ago

The fact that these stories are running in all the Murdoch papers is the tell.

[-] flathead@lemm.ee 12 points 11 months ago

If you were taught on a typewriter, you double space for life. It's impossible to stop once ingrained.

[-] flathead@lemm.ee 11 points 1 year ago* (last edited 1 year ago)

Practically all housing development is financed with borrowed money against the property. Given the build-to rent model, the party at the end of the cashflow stream relies on rent checks being paid every month to remain solvent. When the rents stop being collected, at some critical point, some loan that is reliant upon that rental stream will default. When that happens, the properties are called in by the borrower and auctioned off at foreclosure.

Now yes, the major lenders, developers and speculators will spread their risk as much as possible by diversifying their portfolios and try not to be caught short by a problem in any specific market. But when there is a some kind of macroeconomic shock, ALL the markets will suddenly contract and be flooded with foreclosed properties and other rapidly depreciating assets. That's more-or-less what happened in 2007. Massive liquidity injections and historically low interest rates supposedly saved us from a prolonged financial catastrophe then - but there were still a LOT of foreclosures. I also think we are still seeing that situation playing out today. Current housing markets are unsustainable in a climate of higher interest rates. This will all come crashing down, probably sooner than most people expect. When it happens, it happens fast - and of course the reasons will seem obvious with hindsight.

By the way, perhaps you're being ironic - "This time is different" is the defining catchphrase when looking at historical financial crashes: https://www.economist.com/media/pdf/this-time-is-different-reinhart-e.pdf

[-] flathead@lemm.ee 11 points 1 year ago* (last edited 1 year ago)

Academy award-nominated actress Margot Robbie does actually spend most of her free time modding an android group on Lemmy - but you will never see that mentioned on mainstream social media.

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flathead

joined 1 year ago