TIL: Today I Learned

[Zkribbler]

Did you find drapes or blinds to not be effective?

Not in southern California's brutal summers. With temps of 100-110 F, even my airciditioner was no match.

 

[Birdjaguar]

The west side of our house. Summer heat is not too much of a problem. In the winter the leaves are gone and the winter sun shines in.

 

[aimeeandbeatles]

Is the winter sun bad in New Mexico?

 

[Lexicus]

Is the winter sun bad in New Mexico?

Not 100% sure, but I'd guess there's nowhere near enough seasonal difference to make up for losing all the shade.

 

[Birdjaguar]

Is the winter sun bad in New Mexico?

Not 100% sure, but I'd guess there's nowhere near enough seasonal difference to make up for losing all the shade.

We have lots of seasonal difference and four seasons. We are not Phoenix. Summers can get pretty hot with lots of 90 degree days and a week or so over 100. Winter days run in the 50s and 60s with nights in the 20s or less.

The winter sun warms things up nicely.

 

[Lexicus]

We have lots of seasonal difference and four seasons. We are not Phoenix. Summers can get pretty hot with lots of 90 degree days and a week or so over 100. Winter days run in the 50s and 60s with nights in the 20s or less.

The winter sun warms things up nicely.

Hmm, so the winter sun shining in ain't a problem?

 

[Birdjaguar]

Hmm, so the winter sun shining in ain't a problem?

Not at all. It is warming and we love our bright and sunny winter days. Today is one and we may even get to 70. The rest of the week will be cooler though.

 

[Zkribbler]

It's Guy Fawkes Night!

Remember, remember, the 5th of November.

 

[Kyriakos]

It's Guy Fawkes Night!

Remember, remember, the 5th of November.

 

[aimeeandbeatles]

Today I learned there was a book where non-anthropomorphic horses somehow "smoke drugs and drink." (Do check the comments. The author makes a few appearances....)

The entire thing is here.

Even better, the author apparently tried to sue Amazon for 'copyright infringement' because they were selling the book.

 

[Berzerker]

Amy Robach of ABC News is on video claiming Jeffery Epstein blackmailed powerful people and her network killed the story to protect them.

https://www.npr.org/2019/11/05/7764...epstein-coverage-after-leaked-video-of-anchor

and she says 100% Epstein was killed

 

[Kaitzilla]

TIL Deutsche Bank, Europe's most important bank whose bankruptcy would destroy the E.U., has an insane book value.
https://finance.yahoo.com/news/deutsche-bank-cant-hide-truth-120011175.html

This will complicate Sewing’s efforts to rebuild investor confidence. The lender’s shares are trading close to record lows; it is priced at just one-quarter of its book value — not a happy state of affairs for a bank.

__

This state of affairs seems to defy basic math!?
Why doesn't some trillionaire just buy the bank utterly, shut it down, sell all the parts, and quadruple their money?

"Book Value" has a very specific definition.
https://www.investopedia.com/terms/b/bookvalue.asp

As the accounting value of a firm, book value has two main uses:

1. It serves as the total value of the company's assets that shareholders would theoretically receive if a company were liquidated.

2. When compared to the company's market value, book value can indicate whether a stock is under- or overpriced.

Since it is a bank, perhaps Deutsche is simply lying about its book value?

Here is the Share Price / Book Value for various banks:
https://ycharts.com/companies/DB/price_to_book_value

Deutsche Bank - 0.2271
HSBC - 0.82
BNP Paribas - 0.52
Barclays - 0.4617
Lloyds - 0.8371
Royal Bank of Scotland - 0.6265
Crédit Agricole Group - 0.53
Banco Santander - 0.64
US Bancorp - 1.95

Even amongst other large banks, it has the lowest ratio.


https://www.businessinsider.com/deutsche-bank-and-marketplace-illiquidity-2019-7

A deeper issue remains, however. If the bank values its assets much higher than Deutsche bank shareholders (as the price-to-book is far below 1), why not just sell those assets to prove shareholders wrong? Therein lies the more interesting dimension to Deutsche's decline: it could be symptomatic of a broader issue of poor market liquidity conditions. That is, the ability to buy or sell market securities at a reasonable price could be severely curtailed, so perhaps Deutsche cannot easily find buyers for these assets. We could get evidence of this as Deutsche did also announce it will be selling EUR288 bn of assets associated with the businesses it is shrinking. So, any missed deadlines on these liquidations would be a worrying sign.

Such a juicy mystery.

 

[SS-18 ICBM]

TIL sodium nitrite, the same salt used to make cured meats, can be used to control wild pig populations.

 

[Samson]

TIL sodium nitrite, the same salt used to make cured meats, can be used to control wild pig populations.

This is one of my bugbears. As I understand it the main reason that "processed" meat is bad for you is that it contains nitrates such as sodium nitrate, and the main reason it is used is not so it lasts longer before it goes unhealthy (it does this, but there are many other things that do this, such as salt) but that it maintains the "red" look of meat rather than it going brown. So if we could live with brown bacon / corned beef we could have it much healthier, but we do not 'cos of reasons.

 

[Timsup2nothin]

This is one of my bugbears. As I understand it the main reason that "processed" meat is bad for you is that it contains nitrates such as sodium nitrate, and the main reason it is used is not so it lasts longer before it goes unhealthy (it does this, but there are many other things that do this, such as salt) but that it maintains the "red" look of meat rather than it going brown. So if we could live with brown bacon / corned beef we could have it much healthier, but we do not 'cos of reasons.

It isn't so much about bacon and corned beef. It's more about the missing person's case at the supermarket "deli" counter:

Investigator: So, your bologna is missing? Name and description.
Victim: My bologna has a first name; O-S-C-A-R, and a second name, it's M-A-Y-E-R. As to the description, it is round and this radioactive pink color that doesn't occur in nature.

If you break into a supermarket after all the lights are out you can find your way around by the pink glow coming from the packaged meats.

 

[dusters]

My previous job can simply say that they think I was somewhere else when I worked for them and that damages my future job possibilities.

 

[Birdjaguar]

TIL Deutsche Bank, Europe's most important bank whose bankruptcy would destroy the E.U., has an insane book value.
https://finance.yahoo.com/news/deutsche-bank-cant-hide-truth-120011175.html



__

This state of affairs seems to defy basic math!?
Why doesn't some trillionaire just buy the bank utterly, shut it down, sell all the parts, and quadruple their money?

"Book Value" has a very specific definition.
https://www.investopedia.com/terms/b/bookvalue.asp


Since it is a bank, perhaps Deutsche is simply lying about its book value?

Here is the Share Price / Book Value for various banks:
https://ycharts.com/companies/DB/price_to_book_value

Deutsche Bank - 0.2271
HSBC - 0.82
BNP Paribas - 0.52
Barclays - 0.4617
Lloyds - 0.8371
Royal Bank of Scotland - 0.6265
Crédit Agricole Group - 0.53
Banco Santander - 0.64
US Bancorp - 1.95

Even amongst other large banks, it has the lowest ratio.


https://www.businessinsider.com/deutsche-bank-and-marketplace-illiquidity-2019-7

Such a juicy mystery.

Scumbags laundering Russian mob money. Let them fail after their records are made public.

 

[aimeeandbeatles]

Victim: My bologna has a first name; O-S-C-A-R, and a second name, it's M-A-Y-E-R. As to the description, it is round and this radioactive pink color that doesn't occur in nature.

Only barely related, but 10 years ago an Oscar Mayer Winermobile crashed into someone's house.

 

[Zkribbler]

Only barely related, but 10 years ago an Oscar Mayer Winermobile crashed into someone's house.

I can still renenber when I was a pre-schooler and the Winermobil came to our neighborhood. "Oscar Meyer" handed out wienerwhistles to all the kids, It was glorious.

 

[Takhisis]

This is one of my bugbears. As I understand it the main reason that "processed" meat is bad for you is that it contains nitrates such as sodium nitrate, and the main reason it is used is not so it lasts longer before it goes unhealthy (it does this, but there are many other things that do this, such as salt) but that it maintains the "red" look of meat rather than it going brown. So if we could live with brown bacon / corned beef we could have it much healthier, but we do not 'cos of reasons.

There's also the problem that a lot of people don't know what ‘processed’ meat is.