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Joined 1 year ago
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Cake day: June 12th, 2023

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  • Looks like the markets are pretty apathetic to the news today. Economists had expected 225K jobs added, so the 209K is a little below expectations, but not a huge miss. Unemployment remains at a very healthy 3.6% mirroring the pre-pandemic landscape with one of the lowest rates in decades.

    I wonder how much of this low unemployment is demographic. Aside from the pandemic, the last decade has been marked by increasing Baby Boomer retirements (in 2023, the youngest Boomers turn 59, and the oldest are 77). While that large cohort is leaving the workplace, the cohorts behind it are smaller (in relative terms, not absolute terms), so there are more roles to fill with fewer people to fill them. That allows employees to be choosier when looking for jobs, which has been great for the average worker.




  • In what context?

    In the insurance world, you sometimes see the phrase “L+ALAE Ratio” to refer to the ratio of (losses + expenses) divided by premium. It’s a way to measure profitability for a book of insurance business: how many dollars of loss and expense do you have to pay per dollar of premium earned? Lower is better, and you don’t want that ratio too much higher than 100%, because that means premiums aren’t high enough to cover losses (though investment income can sustain small underwriting losses).

    I could see “L+” used as shorthand for “L+ALAE” or “L+ALAE+ULAE,” though admittedly, I’ve never seen that specific shorthand used.






  • The past 15 years of growth in anything technology adjacent has been fueled by one thing: Extremely cheap debt. Interest rates have at been rock bottom since the 2008 crisis, and they’ve only started to tick up recently. That means the ability to fund infinite growth for basically nothing, so tech companies have relied heavily on debt financing.

    Now though, that’s no longer viable. Silicon Valley Bank was very heavily involved with all these tech companies, and it went insolvent in March largely because of rising interest rates. They held a lot of long term bonds at low interest rates. In normal conditions, rising interest rates mean lower bond prices and unrealized losses, but not a major problem because they can just hold them to maturity and never realize the loss. Bank runs forced SVB to sell the bonds for huge losses though, turning unrealized losses into realized losses, and a non-issue into a major problem.

    Now that cheap debt is gone, these tech companies are desperately scrambling to attain profitability. It hasn’t been discussed much, but this is a big reason for the changes at both Twitter and Reddit.



  • Side downloading .apk files from something other than the Google Play store is shady as hell. It’s way too easy to sneak malicious code into the app that way. Even if the project is open source, I don’t have the time or the skillset to review the code to confirm it’s not malicious. No offense to the developers, but there’s no chance in hell I’m doing that for an upstart app I knew nothing about a month ago.

    As a result, I’m using Lemmy via Firefox’s mobile browser right now, with Jerboa completely useless crashing the second I open it.

    Hopefully they fix it soon (i.e., within the next 24 hours). First impressions matter a ton. For the masses migrating tomorrow once RIF and others shut down, Lemmy and the different apps for it will appear to be dead on arrival. If we expect any actual content on Lemmy beyond complaints about Reddit and questions about Lemmy, we need those people to migrate over.

    The idea that different fediverse instances can all be on different incompatible versions is mind bogglingly dumb. The federation/decentralization design choice overcomplicates things to a huge degree. There are far more downsides than upsides to this approach. I want to like Lemmy/Jerboa, but at this point, the official Reddit app is looking more and more appealing.




  • The “Top Day” sorting option does this, but posts fall off a cliff rather than falling off gradually. My understanding is that they’ll remain on the page from hour 0 to hour 23, but then completely disappear starting in hour 24.

    Instead of that, it would be ideal to implement a mathematical formula that pushes pages higher into the rankings with every upvote, comment, or view it gets, but pushes posts lower in the rankings with every additional hour passed. You have to tweak the specific parameters of that formula to get it right, but it essentially forces posts off the page after enough time has passed, while introducing new posts to replace the old. Unlike the “Top Day” sort where things are a step function, the idea with this is to make it gradual so that a popular post falls from #1 overall down to #2, then #3, etc. over the course of a day.


  • Agreed. Something like Top for the last 4 hours would be super easy to implement because Top for the last day already exists (just change 24 hours to 4 hours in the code that fetches comments). However, for those that are used to checking the site multiple times in a day, you don’t want to ge served up the same content every time you check. Top for the past 4 hours would seemingly be a decent balance between giving posts that have some type of traction while not giving posts that are stale.



  • Agree that it shouldn’t be so complicated. I see that as a major flaw of the platform that will curtail adoption, but who knows, maybe one will win out over the others?

    In any case, my understanding is that you can’t log into the other instances with your username from lemmy.one, but you can read posts and interact with communities on different lemmy sites. For instance, I’m commenting from lemmy.world on a post you made using lemmy.one at a community hosted on lemmy.ml, but we can both read each other’s comments, and so can people that signed up on other instances like beehaw.org.


  • Interesting article. I appreciate that it included the example of a couple in Jersey City, NJ being forced to move because of increasingly exorbitant rent. That article could have been about me personally. I lived in a shitty overpriced 1br apartment that overlooked the Holland Tunnel. Rent was around $2200/year, but they wanted $2700/year for us upon renewal, and after we said no, they upped it to $2900/year when offered to the general public. This was June 2022, and a quick look on their website suggests similar units sell for $3300/month now. I make a decent living, but that increase was way too much for me. That was the final straw to get me to move out of NJ entirely and down to the relatively more affordable DC area. It was similar for many of my neighbors. The NYC area will always have a special place in my heart, but there’s only so much you can take before you begin looking to alternatives.


  • I’m mixed on this. I really don’t want the market even more fractured with yet another streaming service in the mix for MLB games. Ten years ago, it was simple albeit flawed. Subscribe to cable TV if you live in the market, and the RSN has all the games. Today, if you want to watch all the games, you have to bounce around between the RSN, but then a dozen different streaming sites too with games on Apple TV, YouTube, MLB Network, Peacock, ESPN, potentially Netflix, etc… I just want to load up the MLB app, pay a reasonable annual fee, and stream all games without blackout restrictions, but such a service doesn’t exist (legally). Aa a result, I find myself caring about the product less and less with each passing year.



  • From June 14 to June 30, the RIF Android app will mostly work as normal providing access to most of the same subreddits I’ve been visiting for the past decade+. A few will shut down permanently, but other than that, it’ll mostly be the same as before, so I’ll probably use Reddit during that period.

    However, effective July 1, that option disappears completely. If I want to continue using Reddit, I’ll have to download an entirely different app and get used to an entirely different user interface providing an experience much worse than RIF. If I have to learn something brand new anyway, I may as well try an entirely different platform like Lemmy. No idea if I’ll stick here long term or not, but the power of Reddit was the community. If the community migrates over here, I’m all for staying here. I suspect one of the Redsit alternatives will attract a critical mass of people at some point.

    As every internet platform has shown, the enshittification is inevitable. Eventually, Lemmy too will become an unusable mess of ads and feature creep if/when enough money starts flowing in. However, I’m perfectly fine using the site for the next few years until that happens.