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European Central Bank cuts main interest rate by 0.25 points
  • Thats some really hard BS.

    How do you think is hit harder by Inflation: someone working for 50 k a year and negotiating a raise every other year or someone with 500 k on the bank?

    Inflation hits the wealthy people the hardest! Not something I despise, but your claim is still complete BS.

    So why do we aim for 'close to, but below 2 %' inflation (2nd BS claim: no one aims for 2–3 % inflation). Because it has shown to be the most efficient to reduce unemployment and force rich people and companies to actually invest. Without inflation companies would need to fire people a lot more, since they can't lower their expenses for their workforce in a different way. And sometimes they are struggling with their productivity and can't stay competitive in any other way. Lowering wages is not allowed in most countries.

    It also forces rich people to invest. If there's no inflation, I can just get rich and then do nothing. If the value of my money decreases 2 % each year, I need to actively participate in the economy, at least by lending my money to other companies so that they can invest in new things.

  • Spotify is raising the cost of Premium subscriptions, again
  • From the 10 Dollar, taxes will be deducted. Afterwards Apple or Google take their share (if you subscribe using the App). Of the remaining money the Music labels take 70 %, and Spotify keeps 30 %. The music labels pay a fraction of the 70 % to the artists, depending on the contract and the artist's share of streams reported by Spotify.

  • Spotify is raising the cost of Premium subscriptions, again
  • That whole article is BS, they even say it themselves:

    Rates are rarely paid at a flat rate per stream

    There is no payout per stream. Instead a fixed percentage of the subscription price is shared among each streamed song. So why does Tidal pay more then? Either their subscriber numbers are still incorrect (they have a history of publishing way higher numbers than in reality), their subscriber listen to less music (which is the main reason Apple Music pays more per stream on paper, since its often bundled) or their audience focuses more on a single artist (or a genre).

  • Spotify is raising the cost of Premium subscriptions, again
  • The problem is that Spotify is losing money each year. They aren't profitable. And if they are keep focusing on music, they never will. Their deal with the music labels says that they need to give 70 % of each subscription to the music labels. So by getting more people to signup, they only marginally increase their revenue. Same goes for raising their prices.

    Thats why they tried focusing on Podcasts and Audiobooks. Those are a lot more profitable, either by adding ads (Podcasts) or by charging a premium (audiobooks).

  • Spotify is raising the cost of Premium subscriptions, again
  • How does this work? Spotify has a deal with the music publishers, where they give 70 % of all subscription income to the music companies. The music companies (Sony, Warner, etc) then split the money based on the share of streams.

    How can Apple pay out 2.5x70 %, so 175 %? Are thes losing with every subscription?

  • Anon figures out how dieting works
  • Most people don't realize we loose weight by breathing, not excrements. You breath in O2, you breath out CO2. Same volume (since gases have more or less the same volume per molecule), but 37.5 % heavier. That's how you loose weight.

  • Germany: We will execute ICC warrant against Netanyahu
  • Thats simply not true. Its just that Germany has rules against demanding the extinction of the state of Israel – you know – due to historical reasons and mainly against Nazis.

    The claim 'from the river to the sea' calls for the extinction of Israel, because it calls for a Palestinian state between Jordan and Mediterranean, therefore Israel has be desolved. Therefore 'from the river to the sea' is a prohibited phrase in Germany and you are not allowed to chant it at demonstrations. If you do so, the demonstration might get cancelled.

    Freedom of speech in Germany is just more restricted compared to the US. There are a lot of things you are not allowed to say – mainly things associated with Nazis.

  • German police investigate 'racist' video on vacation island
  • In comparison to other countries far right positions are far less common. The post-war generation really changed the society. For example the far right AFD has less than 15 % of public votes (compared to ~30 % in other European countries) and racism – while present – is far less common than for example in China, Russia, US or Japan.

    Its not perfect, but the fact that people shouting far right phrases making national news, shows that the german society hasn't shifted as far to the right as other countries.

  • An international institution doing something based for once
  • There was actually news that an Egyptian spy manipulated the peace process. His task was to talk with Israel and Hamas regarding a ceasefire. He manipulated the Hamas offer – which Israel accepted – without talking to Hamas with the goal to make Israel back off from the agreement.

    So far no one knows why he did that. If he was Putin's puppet or if it was orders from Egypt. But it shines a bad light onto Egypt's role.

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    GenEcon @lemm.ee
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