You thought about how the market works in this case is pretty on-point actually, probably more than you know. And I think it's actually a good thing in many ways. There was a huge investment in building out capacity in the late 90s, as the Internet boom was in full force. When the dot-com implosion (really more of a minor correction with some highly publicized, and absolutely 100% had-to-happen failure of completely and utterly stupid companies) freaked everyone out there was a real fear that everyone had completely overbuilt, all these companies would be stuck with devalued assets, etc etc.
The reality was that, just as the vendor sales guys had been promising, people were buying based on needs in 3-5 years, rather than current needs. And the gear and circuits they were buying really did last them for at least 5 years, which was really good because it took 2-3 years for the economy to come back, and by the time the economy was stabilizing, a lot of the excess capacity was no longer excess, and another round of large network investment started, though this was was driven as much by HFT as anything else (just because of the layout of the important HFT locations, and how those locations related to standard interesting locations in the region, and the sheer number of circuits companies were buying), especially in NY/CHI/TOR/LON and between those cities.
There was a frenzy of buying in the equipment and network market through the end of 2006, even though it was pretty obvious that the economy was overheated and heading for a correction at the least. Profits were high, so spending was high. Organizations were again buying a network/infrastructure to last for the next 5 years, and when the Great Recession happened, and spending had to be cut back*, the networks designed for the next 5 years actually lasted at least that long. By 2010-2011 though, the networks were reaching the end of their useful life, and another round of replacements began.
*These as much less of a downturn in telecom than you would have expected based on the overall economic conditions. The company I was working for grew revenue 10-15% every year from 2006-2011, including the worst of the recession, and a lot of that was actually caused by all the problems in the financial industry. When a big bank is in trouble, they don't close their doors, they get sold to another bank, which immediately needs to figure out how to integrate failing bank network into stable bank network, so they just buy a bunch of big circuits immediately, and then optimize as contract expire.
Coal industry bigwigs have been destroying coal miners' jobs at the greatest rate they can manage for a hundred years at least, through automation and machinery. And back when they weren't doing it, they were dead against safety precautions against cave-ins and fire-damp explosions, because those are expensive and just too disgustingly socialistic for words. Call in the Pinkertons with their clubs and rifles to break the strikes, and bust the unions!Oh, yeah. And MAGA.
According to the San Francisco Chronicle, the coal industry employs just over 50,000 Americans. On the other hand there are currently 67,700 registered yoga teachers with more being certified each week. In fact, "There are also more Arby's employees, museum workers, Whole Foods employees, Uber drivers, florists, avocado toast-making baristas, and bowling-industry workers than there are coal industry people." And I don't think any of them are in danger of getting black lung disease or depression from sunlight deprivation.
Here's a photo of the $2.4 million "villa" he bought in the Nevada city of Henderson. Something tells me not many of us could be paroled from the clink and slap down $2.4 million on a six-bedroom, eight-bath mansion with marble floors, multiple balconies, and a sculpture of dolphins cavorting beside the infinity pool.
Job? He don't need no stinkin' Federal job. You don't get rich working for Donald Trump. You might get a used mattress and some free plane rides but you can't even get your wife a Chik-fil-A franchise.
I did offer it around, but the only other living things here were the fish in my aquarium. I can't lip read fish, but I'm sure what they were telling me was they were all taking a pass on their turn.
Hey, if he wants to run and split the regressive vote, I say let him.
Thanks for shabbaroon, Dok. And bafflegab.
You thought about how the market works in this case is pretty on-point actually, probably more than you know. And I think it's actually a good thing in many ways. There was a huge investment in building out capacity in the late 90s, as the Internet boom was in full force. When the dot-com implosion (really more of a minor correction with some highly publicized, and absolutely 100% had-to-happen failure of completely and utterly stupid companies) freaked everyone out there was a real fear that everyone had completely overbuilt, all these companies would be stuck with devalued assets, etc etc.
The reality was that, just as the vendor sales guys had been promising, people were buying based on needs in 3-5 years, rather than current needs. And the gear and circuits they were buying really did last them for at least 5 years, which was really good because it took 2-3 years for the economy to come back, and by the time the economy was stabilizing, a lot of the excess capacity was no longer excess, and another round of large network investment started, though this was was driven as much by HFT as anything else (just because of the layout of the important HFT locations, and how those locations related to standard interesting locations in the region, and the sheer number of circuits companies were buying), especially in NY/CHI/TOR/LON and between those cities.
There was a frenzy of buying in the equipment and network market through the end of 2006, even though it was pretty obvious that the economy was overheated and heading for a correction at the least. Profits were high, so spending was high. Organizations were again buying a network/infrastructure to last for the next 5 years, and when the Great Recession happened, and spending had to be cut back*, the networks designed for the next 5 years actually lasted at least that long. By 2010-2011 though, the networks were reaching the end of their useful life, and another round of replacements began.
*These as much less of a downturn in telecom than you would have expected based on the overall economic conditions. The company I was working for grew revenue 10-15% every year from 2006-2011, including the worst of the recession, and a lot of that was actually caused by all the problems in the financial industry. When a big bank is in trouble, they don't close their doors, they get sold to another bank, which immediately needs to figure out how to integrate failing bank network into stable bank network, so they just buy a bunch of big circuits immediately, and then optimize as contract expire.
Coal industry bigwigs have been destroying coal miners' jobs at the greatest rate they can manage for a hundred years at least, through automation and machinery. And back when they weren't doing it, they were dead against safety precautions against cave-ins and fire-damp explosions, because those are expensive and just too disgustingly socialistic for words. Call in the Pinkertons with their clubs and rifles to break the strikes, and bust the unions!Oh, yeah. And MAGA.
or Magnum PI - he does remind me of the snarky friend who wore safari suits (?)
His running mate will be Stan Laurel.
Please Run!
Wise fish.
Oh, barf.
Well, it *is* WV....
Aside: I hate absolutely hate websites that say PULLLLLEEEEZE let us do adz to you. Like this one does.
Plugging along.
According to the San Francisco Chronicle, the coal industry employs just over 50,000 Americans. On the other hand there are currently 67,700 registered yoga teachers with more being certified each week. In fact, "There are also more Arby's employees, museum workers, Whole Foods employees, Uber drivers, florists, avocado toast-making baristas, and bowling-industry workers than there are coal industry people." And I don't think any of them are in danger of getting black lung disease or depression from sunlight deprivation.
Pity he's not running for governor of Oregano.
Here's a photo of the $2.4 million "villa" he bought in the Nevada city of Henderson. Something tells me not many of us could be paroled from the clink and slap down $2.4 million on a six-bedroom, eight-bath mansion with marble floors, multiple balconies, and a sculpture of dolphins cavorting beside the infinity pool.
https://lasvegassun.com/new...
Job? He don't need no stinkin' Federal job. You don't get rich working for Donald Trump. You might get a used mattress and some free plane rides but you can't even get your wife a Chik-fil-A franchise.
I did offer it around, but the only other living things here were the fish in my aquarium. I can't lip read fish, but I'm sure what they were telling me was they were all taking a pass on their turn.