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Cake day: June 23rd, 2023

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  • oxjox@lemmy.mltoFediverse@lemmy.mlReddit just isn't how it used to be.
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    4 days ago

    Reddit has been generic for several years now. It’s, mostly, addictive trash content. I miss individual subs but the algorithm for popular / front page posts is doing the same thing every other social platform is doing. If that’s your jam, go for it. I value my time enough that I don’t need to be entertained by an algorithm. I hate it. A lot.

    Edit:
    I mean, I just went to reddit.com and the top post is a 21 year old married woman asking how to tell their 18 year old cousin they stink because they only shower every 3-4 days. THIS is engaging content? WTF is wrong with you people? This is why I’m thrilled to have left that dumbass platform.



  • I think a lot of the existing higher prices are largely due to grocery store mega corps price gouging. Smaller markets are more flexible (while paying their staff living wages). Famers markets are still an obscene value. I filled up two bags with produce the other week for $30. Granted, ten years ago that would have been $20.

    Also, no one seems to mention the increased prevalence of paying with a card. Every transaction paid with credit or debit is hit with a 2-3% charge from Visa or the POS supplier. Now that so few people are paying with cash, all stores are increasing their prices to cover those costs.


  • Food inflation was just below 2% before the pandemic and has been just below 3% since last fall (which is roughly double normal food inflation) https://www.usinflationcalculator.com/inflation/food-inflation-in-the-united-states/ This article is grossly outdated and the claim of “skyrocketing (meaning, actively increasing) food prices” is flat out wrong.

    Quotes from the linked article and this one…

    Grimes sees another factor driving up consumers’ perception of higher grocery prices. “What has happened over time is that the quality of food has gone up”. In other words, America’s tastes are too damn high.

    According to the study, many are changing their food shopping habits. About 37% say they are now shopping at discount grocers versus big-name supermarkets. About one-quarter of respondents (26%) say they are buying less healthy food for themselves and their families because it is what they can afford.

    I’d love to know how many shoppers are continuing to buy processed foods versus learning to cook from produce and proteins. Or how many have started sourcing produce from farmers markets.

    Nothing but (arguably) the love for your family should come before properly feeding yourself. It’s food. It’s what we need to survive. Everyone should know how to make a healthy meal from real, cheap, local, seasonal ingredients. I know that’s hard for a lot of people (including my own family) but it should be the case. I can not comprehend people saying they’re buying “less healthy food” to save money. Healthy food is cheap AF - as long as you know how to cook it. I just spent $65 at a fancy produce market in a major city to feed myself for the week.

    I’m not arguing that prices aren’t up. But they aren’t still as high as during the pandemic and they certainly are not skyrocketing. It just drives me mad when I see people not taking feeding themselves seriously and then go and blame the government.

    I would have thought “Food & Wine” would have at least offered some suggestions or links to “Cheap Weeknight Dinners” or “How to Grocery Shop When You’re Broke” to help people struggling.


  • The title’s wording suggests, to me, that people are going to TikTok for their news. That’s not what the article is claiming. It’s reporting that Americans distrust TikTok the least compared to other social media platforms.

    compared to Facebook, Instagram, and X (formerly Twitter), respondents felt that TikTok was the app least likely to influence the news stories they saw, whether that be via algorithmic recommendations or content moderation.

    By the numbers, around 61% of US adults said they felt TikTok was influencing the news they were shown, while 74% said Facebook was, 72% said Instagram was, and 66% said X was.

    71% reported seeing inaccurate news on TikTok “sometimes” or “extremely or fairly often,” compared to 76% on Instagram, 84% on Facebook, and 86% on X.

    I’ve never seen more TikTok than a few embedded humorous videos so I don’t know what kind of news is on TIkTok. I would venture to guess though that these numbers seem plausible.

    The larger concern is that people are getting their news from social media and what these platforms are suggesting to people based on their ‘likes’ and who they’re following. If I’m only following Republican political leaders or MAGA members of congress, the business model of these platforms is to keep you engaged with more emotionally baiting content.

    And, to repeat the author,

    what respondents view as “inaccurate” should also be scrutinized, given that we live in a polarized news media ecosystem where information can be labeled as fake to serve a particular interest.

    https://web.archive.org/web/20240618202713/https://www.businessinsider.com/social-users-think-tiktok-news-more-reliable-than-instagram-facebook-2024-6


  • https://web.archive.org/web/20240425032056/https://fortune.com/2024/04/24/new-reality-mortgage-rates-housing-outlook/

    Mortgage rates surpassed 7% for the first time all year last week, according to Freddie Mac; daily readings are trending higher, with the average 30-year fixed mortgage rate at 7.39%.

    It’s a far cry from the historically low mortgage rates seen throughout the pandemic and years before. At one point, the average mortgage rate was as low as 2.65%. That might not happen ever again, but it definitely won’t happen anytime soon, according to Carl Riccadonna, chief U.S. economist at BNP Paribas.

    “If we look at where a 10-year Treasury yield is trading or settling, that’s a key driver of where mortgage rates are going,” Riccadonna said, appearing on CNBC.

    He continued: “I think a new reality is setting in with homebuyers that we’re not going to go back to those pandemic lows anytime soon, given the very soft landing in the economy, persistent inflation pressures, which are trending lower but taking some time to move there—and that means elevated mortgage rates with a seven as the first number as opposed to two during the pandemic.”

    Mortgage rates were falling as inflation cooled, but after multiple hotter-than-expected consumer price index reports, and hesitation on interest rate cuts from the Federal Reserve (after it once signaled three this year), mortgage rates are creeping up. Last week, Fed Chair Jerome Powell said: “Given the strength of the labor market and progress on inflation so far, it’s appropriate to allow restrictive policy further time to work.” If inflation persists, Powell signaled he’d keep interest rates where they are for as long as needed.

    Riccadonna said disinflation has a three-act structure. “Act two is the shelter inflation story, and we’re still in the middle of that,” he noted, adding that his team expects further disinflation in housing to come.

    Still, it’s not clear whether mortgage rates will reach 8% again, a more than two-decade high, but what we do know is how unaffordable it’s become to buy a home. For one, the cost of owning a home is the highest on record, and the salary needed to buy a starter home has almost doubled since the start of the pandemic. Although it’s not all about mortgage rates; home prices rose substantially during the pandemic, so they were already high. But people stopped selling their homes when mortgage rates rose. A lack of sellers coupled with an existing housing shortage have made it so prices can’t fall.

    “Affordability, of course, gets squeezed considerably by that,” Riccadonna said, referring to higher mortgage rates. “By some metrics, housing is the least affordable since the early 1980s.” It’s not the first time someone’s referenced the ’80s when discussing the current housing market. The earlier part of that decade was eerily similar to the past couple of years: high inflation and high mortgage rates, as Fortune previously reported.

    Only time will tell how high mortgage rates get this time around, and how long they stay high.


  • I wonder how many of them have called or written to their congressional reps to convince them not to support funding the war.

    Threatening to allow Trump to be president again is not how we should be protesting military aid. Our reps in congress are there specifically to speak on our behalf. We should be protesting outside their offices and threatening not to vote for them. They’re the ones who should be calling on Biden to sit down and discuss alternatives and should be drafting legislation to oppose him. They’re the ones who should be voting Nay on funding bills. But our government doesn’t function as it should so all we’ve got left is an aggressive and meaningless pissing match.




  • Every (modern) president has been supportive of Israel. We’ve been sending them billions every year for 50 years. Biden isn’t going to fix this and Trump will without doubt be immeasurably worse.

    Everyone here keeps claiming I like Biden. I started this whole thing by saying I would I sooner support a Biden I dislike even more before I would support Trump. I don’t know why it’s difficult to grasp disliking one person and disliking another person even more and choosing the better of two evils. This is a very basic concept. Although, to be honest, as much as I dislike Biden for so many thing’s he’s done or hasn’t done, I have to admit he has far exceeded anyone’s expectations. I don’t like him but I respect the job he has done.

    Have people just forgotten that we had a President Trump? That he was impeached twice. That he’s a convicted sex assailant. That he set into place increased taxes for the middle class. That he manipulated our legal system and seated the most conservative judges ever across this country. That he tried to interfere with our election and overturn the results. That he has brought unwarranted doubt to our electoral process. Republicans and conservatives are trying to take this guy down. I can not imagine how horribly evil or brain dead someone must be to consider this guy.


  • I don’t know where you live or your financial issues or your expertise in things or how competitive your field is.

    I know that the vast majority of grocery prices have come back to normal but there are still a handful of segments that are inflated due climate change and disease and anti competitive practices. These prices are likely not going to go down.

    As I’m sure you’re aware, no president of the United States has ever had a substantial impact on gas prices. Biden did lower the prices during Covid by dipping into our reserves but that really didn’t amount to more than a half dollar and it was temporary. You can though look towards congressional legislation and their control over vehicle fuel economy. We know that Trump loosened those regulations and the Republican Party believes in the free market choice for consumers to choose what canes best fit their lifestyles.