I try to respond to every genuine engagement. I block trolls, contrarians, and provocateurs because life is too short.

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Joined 2 years ago
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Cake day: January 29th, 2025

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  • I don’t see how it would be faster to build than to buy. Supermarket builds take several years.

    Legally I think the problem goes away when you considee market saturation… You have a certain amount of buyers in a given area, and once there are enough shops to serve those buyers then adding any more shops would cause market saturation… Nobody makes enough profit, bad times. So, the suggestion to buy out an established shop, rather than trying to set up a shop in an area that would saturate the local market and mess with multiple businesses is not a bad one.

    Yes, Coles/woolworths could sue them if they used eminent domain or similar to force a buyout. But the duopopy would be just as likely to sue if the govt built a brand new shop in an area that existing retail already served (which would be the whole point). So… Sued by 1 business in scenario A, or sued by multiple in B…




  • The key source of a lot of data in this report, and the primary source interviewed, is Cotality Data (formerly CoreLogic). They’re a private, yank ‘business intelligence’ company that’s owned by two enormous private equity / venture capitalist firms (Stone Point Capital, and Insight Partners, whom in turn own $170 billion+ worth of financial service and credit companies… Sure seems like they would have a vested interest in saying that home prices going down is a bad thing. So then they bring in another industry financial service analyst (SQM Data) with similar ties… These groups are just being given a mouthpiece to repeat ‘prices low bad. Negative gearing removal bad’.

    Where’s the balance in reporting, ABC?

    Not one mention of the Australian housing affordability crisis.

    “In Sydney, fewer vendors are listing than a year ago, yet total stock is up almost a fifth. That’s a demand problem, not a supply surge.”

    Get fucked, I still see houses where I live sold in under 10 days regularly. The observation of Sydney is just as much a sign that those selling their second or third property are refusing to lower their prices - and can afford to do so. That’s greed. Let them hurt until they have to lower prices to make first home ownership possible for younger generations, that’s the whole point.

    Where’s the counter-points from Grattan Institute or similar? Nowhere to be seen. Nice one, ABC.


  • Dairy whitener is just a colloquial product name. It’s what they call those little UHT creamer cups in India. The article is more about high phosphate levels.

    High phosphate intake over many years leads to hyperphosphatemia - basically, stiff crystals in your heart, arteries, kidneys, etc… Coronary disease, arthroscherosis, etc… Not good.

    Nestle is arguing that they ‘did the test wrong’, but IMO that’s unlikely as they simply sample the milk and check its polyphosphate levels - if it exceeds the standard, its non-compliant. Simple.

    More likely, Nestle is trying to do damage control in the media whole they backchannel some bribes to sweep it under the rug.















  • Yep, but you start with the same argument. VR tech ‘may some day’ be cheap and accessible enough to be truly useful widely.

    Exact same case with AI. Its pretty shit now, but may evolve into more useful products one day much later when tech evolves.

    Injecting obscene amounts of capital on either path is stupid because the end goal is unlikely to be close and the market isn’t proven.

    A lot of people forget that VR headsets and gear have existed in evolving forms for decades, then big tech got hold of it and went bananas with it circa 2015 spending enormous amounts of money. Myself and anyone my age went ‘um this is still the same old tech - it’s very expensive, it gives you a headache, and it’s cool but it’s not incredible. This will die in a few years when nobody buys it’. And so it did.

    Big tech is the problem in both cases - they need to always have a new shiny bauble to dangle at investors and say ‘this is the future and it will make us all trillionaires!’.

    Fully in agreement that the way they’ve implemented LLMs is far more cancerous and illegal than anything that happened with VR, but there are still valid parallels.