764 karma · joined October 12, 2021
It's a shame; SF doesn't have any other retail hub, and every store that closes feels like a loss. The question will be to what extent can the damage be contained to downtown, and whether other neighborhoods can help make up for the decay of downtown.
I'd consider myself cautiously optimistic.
I do however agree that this is a national issue. I think places like New York and Boston are likely to see significantly worse homelessness themselves over the next decade.
It's the exact same problem.
You're talking about Prop 47, and the number is $950. There's some pretty widespread misconceptions about Prop 47, first of which is that theft under that amount is not "legal" - it's just a misdemeanor instead of a felony.
But I think something much more important to recognize is that this law is hardly a uniquely Californian affair. Texas, of all places, has an equivalent law, except its limit is $2500 - higher than California's: https://www.themarshallproject.org/2017/08/09/what-s-the-pun...
Also, worth mentioning that Walgreens, which was generally the franchise most known for citing SF crime while closing stores, later backpedalled those concerns: https://www.axios.com/local/san-francisco/2023/01/09/walgree...
That said, SF does undeniably still have one of the highest larceny theft rates in the future, and it has plenty of work to do on that front. But you'd be right to be skeptical of anecdotal evidence that the city is outright dysfunctional. At the very least, you shouldn't believe anyone who states SF's problems are the fault of any single simple cause, whether that be Prop 47 or Chesa Boudin.
The problem is that a lack of genuine acceptance of trans identities (i.e. that trans men are men, and trans women are women) inevitably leads to trans people _not_ being treated the way they want to be treated.
The classic examples of these are bathrooms and athletics. Trans people want to use the bathrooms and compete on athletics teams corresponding to their identity. It sure feels like intolerance when this choice is denied from trans people.
I don’t know your own personal views, but it’s certainly not the case that “the vast majority of people” are aligned with trans people on the above issues.
Were Simula so desperate to shit on Meta that they needed to post this article the precise moment it ceased to be a legal risk to do so?
Granted, this might not have been true in 2018, which appears to be what the SEC's charge is focused on. Nonetheless, I don't think the huge amount of demand from crypto for Nvidia's products should be construed as a bad thing; there's plenty of other demand.
I'm skeptical FB is so sketchy as to do this intentionally, but I've also never seen this behavior before.
That said, "NFT-hype" is almost certainly causing at least some price inflation here, but I don't think the levels of fraud suggested by other commenters are likely.
I think there's a slim chance this could be a viable business plan, but probably not in any socially-good way. The mobile games industry reaps a good chunk of its profits from "whales", customers who spend crazy-seeming amounts of money on games. Blockchain-based games may also be especially dangerous to young gamers who get access to a parent's credit card and rack up huge charges. This already happens in games like Fortnite, but whereas Epic Games can be pressured into giving refunds to parents when this happens, a blockchain offers no protection if the rules of the game don't allow for it.
We're probably better off if it _is_ a Ponzi scheme.