• 0 Posts
  • 18 Comments
Joined 2 years ago
Cake day: July 7th, 2023
  • blady_blah@lemmy.worldtoNews@lemmy.world•Judge blocks Biden administration rule capping credit card late fees at $8
    17·
    10 months ago

    OK… so this is weird. The Supreme court just upheld that the funding structure of the CFPB was constitutional overruling the 5th circuit ruling that the CFPB funding structure was unconstitutional… But THIS federal judge just used the 5th court unconstitutionality ruling as the basis for why this CFPB credit card rule was unconstitutional (the CFPB is unconstitutional so any decision they make is invalid). It seems like he’s leaning on a just overturned ruling to make this decision. Is this just a case of a timing error where everything in the credit card fee case was filed before he Supreme Court overruled the 5th circuit’s ruling or is there another argument there?

  • blady_blah@lemmy.worldtoTechnology@lemmy.world•Ordered back to the office, top tech talent left instead, study findsEnglish
    7·
    10 months ago

    But the reality is managers want to pick who gets laid off. It’s not that they want to just cut heads and reduce costs… upper management. may want that… but the actual managers want to keep their best and brightest. They know who the people are who get shit done, and they want to keep those people. Rto tends to have the opposite effect.

    The reality is it is often the best employees, the most experienced employees, and some very high level employees who have the most confidence and are most willing to say " screw you, I know I can find a job somewhere else" And give the middle finger to the employer who’s trying to do an RTO plan.

    Don’t be fooled by the headlines. Real businesses want to control who they let go. They want to have all the power in the relationship. They want to cut their lower performers and keep their superstars. RTO is about the worst head cutting program you could dream up.

  • blady_blah@lemmy.worldtoNews@lemmy.world•A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up
    152·
    11 months ago

    The dropping interest rate is one of the main reasons that housing prices have skyrocketed in the past 20 years. People judge housing prices by what they can afford monthly and interest rates directly impact that figure. It’s only a matter of time for housing prices to fall drastically if interest rates remain at 7%.

    And yes, I have a 500k loan at 2.5% on a 30yr fixed mortgage. Maybe we’ll sell our house in 15 years, but otherwise, forget it! I have zero interest in paying it off early.