Re: economic chaos

Aug 31, 2022 Last reply: 4 years ago 4 Replies
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>> >>> >>>
>>>> >>>>> >>>>>
>>>>>> On Monday, August 29, 2022 at 11:58:56 AM UTC-7, John Larkin wrote: >>>>>>
>>>>>>> I can see Salesforce Tower aka The Corncob from my office. It's grey
>>>>>>> and metallic looking, but it's at least curved.
>>>>>>
>>>>>> Sounds good, but... depending on the sun's angle in the sky, does that
>>>>>> curved metallic surface dazzle drivers or scorch vegetation? Insurers
>>>>>> want to know...
>>>>>
>>>>> The surface is convex, anti-focussing of sunlight to the ground. There
>>>>> have been concave surface buildings that cooked parked cars. >>>>>
>>>>> The top six floors are a giant LED array that displays artsy junk at >>>>> night.
>>>>>
>>>>>
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>>> Hideous.
>>>
>>> In engineering school, we made fun of artsy architects who couldn't
>>> build a reliable doghouse.
>>
>> Several of my friends were architects. I'd hang around when they were
>> pulling their all-nighters in the Greene building doing grunt work and
>> making runs to McDonalds for nourishment.
>>
>>
>>> Architectural critics love those awful glass boxes. "Ugly" is simply
>>> not in their vocabulary.
>>
>> 'From Our House to Bauhaus' by Tom Wolfe. Fledgling architects in the
>> '60s worshiped Mies and Le Corbu. 'Form follows function!' was the
>> battle cry. Ironically their nest was a 1931 pile of brick.
>>
>>
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>
> Yes, Bauhaus didn't want to work in a Bauhaus building.
>
> "Form Follows Function" is ironic, when those glass monsters sway and
> tilt and drop slabs of glass on the sidewalk.
>

It's now the 'Signature Room at the 95th' and I forget what it was called at the time but it's the 95th floor of the John Hancock in Chicago. My wife and I dined there and the sway was noticeable.


It was '72 or '73 since the Sears Tower was still under construction. To calibrate my personal inflation index when the bill came for the dinner and a couple of bottles of champagne I put a hundred dollar bill on the tray that covered the cost and a generous tip.

Bourbon Street about that time, oysters were 10 cents each and a draft beer was 25.

I went to a local event last weekend that had an area set aside for food trucks. I wasn't hungry but I noted that what had been $7 meals pre-covid were now $18. Even earlier in the summer the prices had only crept up to $8.

The operators may be getting a schooling in economics. I don't know what the price elasticity of a shawarma plate is.

In a few years, you will look back and say:

"Gee, can't believe it was so cheaper at only $18".

The student loan forgiveness is expensive and inflationary, with upward of 500 billions to 1 trillion.

The next program, auto loan forgiveness, will even be better. Everybody is entitled to a free Tesla.

To paraphrase Everett Dirksen: a trillion here, a trillion there, and pretty soon you're talking real money.

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