blipsman
blipsman t1_j9u219b wrote
Reply to ELI5: How does airport technology, still allow people to check in and pass through TSA if Im at the wrong Terminal. by Witty_Buddy7951
There are typically secure passages between terminals, ie. for people with connecting flights, etc. Bags all go to a centralized sorting area and there are ways to get bags from terminal to terminal.
blipsman t1_j6oxtf9 wrote
Depends on where you live... many places DO have city water treatment plants/water supply. For example, here in Chicago our water is all municipal and everyplace in the area is government run/provided.
blipsman t1_j6o4lt2 wrote
Reply to ELI5: Who buys the stock I sell? by Raven019
Other investors (not the company, in general) are buying the shares you are selling. If there isn't an even match of those who want to sell and those who want to buy, the price declines until the buyers and sellers are in equilibrium. If there are more wanting to buy than wanting to sell, then price increases.
Only when companies do share buybacks might your shares go to the company itself vs. another investor.
blipsman t1_j6nki26 wrote
Libraries still have to pay licenses per copy, because that's how ebooks work. Even if publishers offered unlimited licenses, the costs would likely be out of reach for a local library to pay vs. a per unit license.
blipsman t1_j6dvxx4 wrote
Reply to ELI5: How are there ruins in eg. Athens when the city has been continuously settled for 2000 years? by RudiRammler
New rulers, new religions, new building styles. Why do we see ruins in even modern urban cities? Why are there abandoned train stations in Detroit or Catholic Churches in Gary? The building is no longer useful (what’s the need for a temple to Zeus after adoption of Christianity?), it’s easier to build on a new location than do demolition and removal before building.
blipsman t1_j5rpyjw wrote
Reply to Eli5 Why can’t the US do the equivalent of electricity rolling blackouts with water? by Danijoy1143
Electricity is a (mostly) national grid while water systems are closed off systems serving much more local system.
blipsman t1_j5kjtgt wrote
Look at it's value relative to other key currencies like the Euro, Pound, Yen. If your dollar buys fewer Euros then the dollar is weakening, if you can buy more Euros then the dollar is strengthening.
blipsman t1_j2f23vg wrote
Reply to ELI5: Why do we board up the windows of abandoned or currently renovating buildings instead of leaving the glass? by bandreasr
If glass gets broken and not repaired, critters and the elements will destroy the inside; thieves break in to steal anything of value like appliances, copper wire and pipes.
blipsman t1_j2eujx5 wrote
Reply to comment by 93195 in Am I doing something wrong? by Fun-Boot-7187
Could be differences in withholdings set (will get corrected come tax time), health insurance premiums, etc.
blipsman t1_j2e8z5i wrote
Reply to ELI5: What are the pros and cons of the American sports franchise-based model? by [deleted]
Cons are that there is no incentive for some team owners to field competitive teams, especially when so much revenue is tied to league revenues or long term broadcast rights.
Pro is that the American sports with giant stadiums, conferences and division alignments and such would all make a relegation system hard to implement logistically.
Say the NFL were to relegate the Texans and Bears at the end of the season, there is no second tier to send them to / from which to promote new teams into NFL. Even in sports with minor leagues, those teams are owned by major league teams to develop talent.
blipsman t1_j2e6446 wrote
It’s not required, but not using full budget is a great way to get budget reduced the next year and few managers want that…
blipsman t1_j2cp8mv wrote
Reply to ELI5: Tech billionaires lost $400 billion this year. Where does it go? Does anyone gain? by ChickenEnthusiast
There is no money that goes anywhere.
Imagine you have a rare comic book and I tell you I’d pay you $100 for it, you turn me down. A week later, you need money to buy your mom a birthday present and ask if I want to buy it. But now, I only offer you $80 and you begrudgingly take it. There is no $20 of yours that went anywhere — I was only willing to pay less for something you have.
blipsman t1_j2c84y6 wrote
Reply to ELI5 How do companies make money by selling products at a low price and competing with other companies? by [deleted]
Let’s say 4 competitors all have 25% of market, selling laptops for $500 that cost them $300 to make. Now one cuts price to $460 so they’re making $160 instead of $200 per unit. But if they can boost their share to 32% of sales instead of the 25% they had, they’ll make more money overall.
Or even better, they’ve developed some sort of manufacturing advantage (efficient custom made to order rather than prebuilt configs, for example) that allow them to build each computer for only $270 instead of $300 so they’re not even losing per-unit margins.
blipsman t1_j2apj2a wrote
Reply to ELI5: How do loans and credit cards work by idkmybffdee
Lenders get funds from various sources, such as bank deposits and investors. You put money into a savings account and earn 1% while the bank lends that money on mortgages at 5% or credit card lines of credit at 20%. Institutional investors also buy baskets of mortgages, which act like bonds, and that means the banks again have money to issue more mortgages instead of having to wait for those loans to be paid off.
blipsman t1_j2641hu wrote
Adjustments to softness/firmness of suspension components/shocks, ground clearance could be adjusted to local market expectations.
blipsman t1_j250ke1 wrote
They charge extreme (illegally high) interest. And they’ll resort to physical violence if you can’t pay up.
blipsman t1_j24k9le wrote
Reply to ELI5 how did so many countries' intelligence services come to be divided into internal and external? by raistanient
Because there are domestic rights and privacy laws that have to be abided by that countries don't follow abroad. Also, foreign intelligence is very different tactics/skill-set from domestic. Tactics used abroad to get information wouldn't necessarily work, and they may prevent successful prosecution of crimes because they violated rights, didn't properly collect evidence, etc.
blipsman t1_j1zhf0m wrote
If countries don't have their own currencies, then they lose tools that help them out of recessions or slow inflation... ability to increase/decrease money supply, using weak currency to export way out of recession.
If you look at what happened to Europe after the 2008 great recession, you'll see how a strong Euro hurt weaker European countries' recovery (Greece, Spain).
blipsman t1_iyf5p8a wrote
Drop shipping is when good are shipped directly from the manufacturer or wholesaler to the end customer, bypassing physical possession by the selling retailer.
There's nothing bad about it per se, as it allows retailers to sell goods it isn't able to hold in its own inventory. But it does limit a retailer's ability to control the fulfillment part of the process, ie. branded packaging, quality control. And may complicate return process.
blipsman t1_iydclsr wrote
Reply to ELI5: If a company is public and a person owns 75% of the shares, can they be kicked out/fired by other board members? by OrdinarilyAliveHuman
Most likely not, because it'd be incredibly rare (impossible?) to see somebody with 75% of shares, but less than 50% of voting shares. If all shares aren't equal then you almost always see the opposite where some shares held by largest shareholder are worth more votes than others, ie. how Mark Zuckerberg has over 50% of voting rights on Meta stock despite owning way less than 50% of the company. But never less.
blipsman t1_iydc3di wrote
Reply to ELI5: How were a group of obscure companies the cause of the 2008 financial crisis? by WartimeHotTot
Bear Stearns and Lehman Brothers were giant investment banks back in the day, but they weren't commercial banks so they didn't advertise to attract customers like the banks who might look for customers to open checking or savings accounts, or small retail brokerage accounts. Their clients/customers were corporations, large institutional investors (insurance companies, mutual funds, university endowments), other investment banks and private equity firms, high net worth investors (those with many millions to invest)... these aren't clients you advertise to on a billboard or magazine ad. Maybe you'd see ads in the Wall St. Journal or Forbes magazine. Certainly you'd see many mentions of them in such publications.
I grew up in an upper middle class area in the '80's-'90's, lawyer dad, lots of lawyer, doctor, trader types among my friends' parents and my parents' friends... I knew of Bear Stearns and Lehman even as a kid because we knew people who worked for them, my dad did work with them (he was an in-house attorney, often doing corporate acquisitions with investment bank involvement). I had friends who had internships with them during college (I myself worked at a portfolio management firm who often managed 7-8 figure accounts held by those firms), or even got jobs with them after college (one of my best friends growing up was an associate at Lehman when it went bust).
blipsman t1_iy9tuzx wrote
Another thing to consider is that there will be a higher ratio of retirees collecting pensions vs. workers paying into the retirement system, which would mean higher taxes on workers to pay for those retirees' benefits.
blipsman t1_ixzw5pe wrote
Reply to ELI5 what consultancy companies do by sgt-ace
Consultants help companies change or improve their business operations. But it’s a broad directive based on specific case. Often, it means helping companies improve their operations through technology and software, like helping set up and customize a business software platform or even build a custom platform to help the business operate more efficiently… say something like allowing a chain of stores to better order inventory from the central warehouse, or a logistics company to better assign/plan delivery routes; helping an eCommerce company build a better, more effective sales platform that can do things like show customers actual real-time availability and offer alternatives if our, or upsell when they do find what they want (make sure to get ink for that new printer; this belt goes well with those shoes).
It can even be pretty mundane stuff, that’s actually much more complex under the hood due to interconnections… like when my company shifted from gmail/Google calendar & MS Office to a full Microsoft 365 set up that tied network logins to all software, meant migrating literally decades of emails and calendars, etc. and training employees on the new programs.
blipsman t1_iudls4u wrote
Run different variations and see which ones get higher clicks, higher conversions (lead sign up, purchase, etc)
blipsman t1_j9z2sqj wrote
Reply to ELI5: How did association football become the most popular sport in the world, more popular than any other sport that was spread around the world? by astarisaslave
It’s cheap to play… just need a ball to kick and an open space. So even in poor regions, it’s a sport kids can play.