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Cake day: June 18th, 2023

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  • Trump, fuck that guy, had loaded them up with Small Arms and Javelin Missiles (stuff that Obama had refused to send) before the war kicked off.

    I had to check this, and it seems you are right?

    The US, the UK, and Canada, had also spent more than two years re-training the Ukrainian Armed Forces

    Yes I know Ukraine had received some NATO training, and it was allegedly a major reason they did so well against Russia too.

    I apologize for being imprecise, what I meant was that Ukraine hadn’t received WAR assistance yet, all you write was from when we still thought we could reason with Putin, and make a sensible agreement.
    When war was a reality, a lot of countries stepped up help a lot, but it took a while to arrive, and basically we’ve been pretty constantly behind on supplies, except when USA stepped in again, it helped a lot.







  • Ukraine is losing ground every day,

    Yes it’s a so called war of attrition, Ukraine is exchanging land instead of personnel and material losses.
    The strategy is to exhaust Russia, and it’s actually working.
    I too worry though, and I’m saddened the Ukrainians have to suffer through this through absolutely no fault of their own. But at least it seems like Ukraine is winning, and Russia is losing on more fronts like Syria and Georgia now, because the house of cards is collapsing.
    The fact that Russia hasn’t been able to take back the occupied areas of Kursk yet, is VERY telling.

    Ukraine has done without US aid for 8 months already, when the house blocked all aid from USA. And Russia is in worse condition now, than they were back then.
    What would be really cool, would be if Belarus had a system change to a more Pro European government.
    Russia is probably not going to be able to help Lukashenko again if they rebel now.


  • why should not US Treasury take an equity position for their “risk”

    I understand why that may seem like a fair solution on the surface, but it’s because that would make Intel a part federally owned company, and in general it is avoided to have publicly owned companies competing against private companies. Which in this case would be Nvidia, AMD, Comcast, Qualcomm etc. It’s a huge conflict of interest, and would easily be seen as unfair competition, possibly also by trade partners.

    There might also be legal issues, internally in USA, and with WTO and other trade agreements.

    So it’s kind of opening a can of worms that is better left closed. It’s not that I don’t understand where you are coming from, but trust me, regulation is way better than a government taking control.
    Intel may collapse, but then maybe one of the previously mentioned companies may pick up the remains, and built it better. This is why we need to have free competition.



  • Are you really still going to justify share buybacks

    No I don’t generally like share buybacks.

    FACTS is 🤡 capitalism here

    Those are the rules we are working under. If you don’t like the rules, that’s another debate.

    that’s because intel refused to take the terms US government atached to the money.

    But that would void the entire agreement, making your entire claim nothing but fluff and hot air.

    You can’t trust these parasite to run industry

    OK, so who can be trusted more? A 100% government controlled system, like the one that crashed the Soviet Union?


  • This is not about an arbitrary thesis, but about FACTS!
    As I’ve already shown, Intel was ONLY buying back when they actually had profits.
    And buying back stock is NOT a gift to stockholders.
    The CHIPS thing is a strategic political decision, you originally claimed was many times more than it actually is.
    Obviously you are so stuck in your prejudiced opinions based on speculation and false information, that you don’t care even when you find you had the facts wrong.
    The CHIPS agreement is not a gift, but a 2 way agreement that requires Intel to make heavy investments inside USA, and the money haven’t been paid out yet, except for an initial amount that is only a fraction of the total agreement.
    It’s not like the Biden administration just throws free money at companies as you seem to think.
    Now Trump may decide to do just that, because he is corrupt as hell. But that will be another debate.


  • War is a dynamic phenomenon, after all.

    Doesn’t change the fact that this 3 week operation, is now a 1000+ day embarrassment for Russia. Where instead of taking Ukraine in 3 weeks, they’ve only managed 20% in almost 3 years, and at extreme cost of both human lives and war material. Plus they’ve committed a long string of war crimes.

    I don’t see how any tankie can turn this to look good for Russia, except flat out lying about it.




  • Do you understand what a share buyback is?

    I absolutely do, the company buys it’s own stock.
    So if the company has a 1000 dollars, and buy for a 1000 dollars shares, it changes nothing for the remaining stockholders.
    And the one who sold his stock, just got market value, nothing more nothing less.
    The company now has a 1000 dollars less, but there is also for a 1000 dollars less stock. So the inner value per remaining stock remains the same.

    Originally when the stock was sold, the money went to the company, when the company buys it back, it’s much like paying back a debt. But apart from that, Intel hasn’t done any buybacks for more than 3 years.

    https://ycharts.com/companies/INTC/stock_buyback

    Maybe you misunderstood how it works?


  • This is from November 14th but still interesting IMO:

    This was news to me:

    Russia is losing around 320 tank and artillery cannon barrels a month and producing only 20. The Russian engineering industry lacks the skills to build rotary forges; in fact, the world market is dominated by a single Austrian company, GFM. Russia is unlikely to acquire more forges and increase its production rate.

    Russia was never a very powerful manufacturer, compared to the Western competition, or compared to China today.

    To resupply its forces, Russia has been stripping tank and artillery barrels from the vast stockpiles it inherited from the Soviet Union. But these stockpiles have withered since the start of the war.

    For a bit of perspective:
    In WW2 Germany took (Austria mostly voluntary), France, Netherlands, Belgium, Czechoslovakia, Poland, Denmark, Lithuania, Latvia, Estonia AND Ukraine.

    Now after almost 3 years, Russia not only hasn’t managed to take Ukraine, but has lost territory to them too. For months now Russia has still not been able to take it back!

    Even sacrificing more than 1000 men per day the past 6 months, Russia is still doing poorly, and is running out of equipment.

    In WW2 the Soviet Union didn’t really do that well either. They only managed because they got a lot of equipment from USA, and because they also in that war sacrificed their soldiers as cannon fodder.

    Ukraine on the other hand has done very well against Russia, managing to hold back a Nation with 4 times their population and 6-8 times their economy!!
    Of course Ukraine is getting help now, but they managed to fight back in the start of the war, even before any help had arrived.

    Slava Ukraini