It’s simple math and understanding of the law, what does political affiliation has to do with it?
0.05$ is not a substantial amount of money regardless of your political views.
Am I missing some context here that there’s new taxes passed by Trump? (Am not American)
Inflation of food prices is very noticeable. Still manageable, though.
Taxes are getting higher.
Lots of services can’t be paid for due to sanctions. Some payments are possible, but for a premium.
Roscomnadzor still pisses everybody off. They’re slowing down YouTube to an unusable rate. They claim it’s Google’s hardware degrading (It’s not). Then there’s Discord being blocked, and now they seemingly want to target Steam for some unknown reason (the reason is VKontacte needs more money).
More insane legislature is being talked about.
The lingering threat of being drafted or randomly killed by a drone isn’t gone, which is emotionally draining.
People want peace. Yet, put responsibility on incumbent. (Think: “We had no say in it, they started it, they’ll finish it”)
Opposition? What opposition? Everybody’s either jailed or were forced to leave the country. They’ll literally lock up a single father up if he dares to show disagreement with their “special military operation.” And the kid? Who cares? They don’t matter to our very just and absolutely not corrupt courts. (Sry, still fuming about that story. Hope the judge and the principal will rot in hell)
That’s about it. Source: me, also russian news media and official legislature sources
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Yup, facts don’t exactly matter in Russian courts. If the judge is working with prosecution (which they always do), there’s practically no chance of you being acquitted. Your best case scenario is getting a suspended sentence.
That’s why it’s best to get a jury trial whenever possible. Your odds are way higher that way, but it’s only possible to have it in some specific cases.
Minor correction: key rate is 19%, interest rates are higher than that as a result.
Some important info that is missing:
Proposed legislation is far from being an actual law. It has only once passed the committee (1st stage out of 5), after which got sent to be re-written. Now it’s at pre-1st stage.
So far, it has received 2 negative reviews from the administration. First one, from 2022, said it’s redundant, and second one, from 2023 that it’s… still just as redundant as it was.
2 out of 3 authors have removed their signatures since the first negative review.
Basically, there’s little to no chance this would ever pass. Our “crazy printer” may be insane, but it only does so if there is an ass to lick.
I could even link everything if anybody wants me to. Doubt it won’t get removed, but still.
Negotiations happen when one or, more likely, two sides don’t see a way to improve their positions with military force.
The rumors you’re speaking of are a direct consequence of Russia being an autocracy. When you have a country whose ruler doesn’t leave on their own (a dictator), people start speculating on when he’s going to die. These rumors have been going around for about a decade, I believe, and are pretty much meaningless.
Now, about “securing a legacy.” I think it’s much more trivial than that. Invading Ukraine was a good way to secure presidency for the next 1-2 terms and to eradicate opposition within the country. If that’s the case, then, in a sense, he got what he wanted, although he likely also expected the war to be short and victorious (judging by the state media narrative at the time). That didn’t happen. And now there are other issues at hand for him.
Since we’re sharing links now
Although for Grazhdanskaya Oborona, I prefer that song in Louna’s version. It’s so good, man.
In Soviet Union, the rock genre was for a very long time existing underground due to the inability of artists to be properly published.
Only starting with the 1980s could the artists finally publish their songs officially. And even then Soviet government put a lot of measures to prohibit rock music in the country.
This resulted in the appearance of many beloved bands and artists, like
The history of Russian rock is actually quite fascinating. It was inspired by bard songs and often touched darker subjects as well as being satirical and judgmental of Soviet government.
Due to that, some artists, like Yegor Letov from Grazhdanskaya Oborona and Yuri Shevchuk from DDT, had troubles with KGB (Soviet FBI).
Nowadays, rock artists are still being persecuted for their views. For example, DDT is de facto prohibited from performing in Russia.
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The real question isn’t if it will or not, but by how much. If I were to guess, not a whole lot.
You could probably find some research done on this topic already.
Oh, yeah, absolutely. Price policy is a whole different topic. Only monopolies can afford to increase them just because they’re not meeting the expected quota.
Don’t know about “retaliatory measure”, it’s hard to imagine companies uniting like that over it. Usually, they just play by the rules, and those could be the new rules (strong emphasis on “usually”). In fact, if the management is competent, it’s likely that they have already accounted for it, just in case, after the news dropped.
Let’s assess the effects this change could cause on real numbers.
Note: This is a duplicate of a part of a comment I’ve written here above as a response, but I don’t want it to be buried. Hope that’s fine
I’ll take Nutrien’s 2023 audited financial statement as an example. (Numbers in brackets are what’s deducted to get what’s not in brackets)
Out of cost of goods sold (2858) is cost of labour, let’s also add (626) from general administrative expenses, and just say it’s all wages.
Let’s see what happens to our efficiency if the changes take effect.
All of costs can be divided into Fixed and Variable ones. Labour, in this case, is Variable because we can manipulate it by employing more staff to compensate for reduction in working hours and keep the sales at the same rate. (Contract workers are usually Fixed Cost, but it’s all relative, as no Fixed Cost is ever truly fixed.)
Going from 40 => 32, we have a 20% reduction in working hours. Mind you, this doesn’t mean there will be a 20% hit to productivity. It may be more, it may be less (most likely less), for simplicity let’s say it’s 20%. So, we need 20% more workers to compensate. (2858+626)*120%=4180.8
So, our net profit margin went from 1282/29056 = 4.4% to 2.8%. Looks bad at first glance, but it’s also a bad year. A year prior net profit margin was at whopping 20.3%, so a decrease from 4.4% to 2.8% would be nothing in comparison.
Will it result in increased prices? Yes, but it will also lead to economic growth, because more free time = people spend more money = companies earn more = companies grow faster, but so does inflation. If they can manage the inflation, I don’t see why this couldn’t be possible.
Edit: you said “but nobody’s explaining the economics to me”, here you go, here’s the basics of corporate financial management with real numbers and a tiny bit of macroeconomics at the end.
Wait, I don’t get it. You’re saying if you pay a worker 1000$ a week and get revenue of 1100$, then you have a profit margin of 10%. But that’s NOT profit margin (at least not the one one would use for analysis). Not to mention that those numbers are unrealistic because you’d be working at a loss for a very long time, almost guarantee.
You can’t just pull numbers like that and say, “unprofitable!”. Of course it isn’t. You made it that way.
Besides, you’re ignoring the rest of the expenses that often outweigh the payroll fund.
Back to what you called “profit margin,” I’d call it “Return on Payroll Fund.” It’s weird, I don’t like it, it ignores all of the other costs that go into creating a product, don’t use it. In financial management, we use RoS, which is EBIT/Revenue. That’s probably what you were thinking of. Another name for it would be “operating profit margin,” likewise net profit margin would account for ALL of the expenses and not just operating ones.
Now, let’s look at real numbers. I’ll take Nutrien’s 2023 audited financial statement as an example. (Numbers in brackets are what’s deducted to get what’s not in brackets) Sales - 29056 Freight, transportation, distribution - (974) Cost of goods sold - (19608) EBIT - 8474 EBT - 1952 Taxes - (670) Net earning - 1282
Out of cost of goods sold (2858) is cost of labour, let’s also add (626) from general administrative expenses, and just say it’s all wages.
Effective tax rate - 670/1952*100% = 34,3% (wow, that’s a lot for where I live, also ignoring mining tax for simplicity)
Let’s see what happens to our efficiency once the changes take effect.
All of costs can be divided into Fixed and Variable ones. Labour, in this case, is Variable because we can manipulate it by employing more staff to compensate for reduction in working hours and keep the sales at the same rate. (Contract workers are usually Fixed Cost, but it’s all relative, as no Fixed Cost is ever truly fixed.)
Going from 40 => 32, we have a 20% reduction in working hours. Mind you, this doesn’t mean there will be a 20% hit in productivity. It may be more, it may be less (most likely less), for simplicity let’s say it’s 20%. So, we need 20% more workers to compensate. (2858+626)*120%=4180.8
New EBT = 1952 + 2858 + 626 - 4180.8 = 1255.2 New net profit = 1255.2*(1-34.3%) = 824.7. Mind you, the effective tax rate will probably be lower if employment affects deductibles.
So, our net profit margin went from 1282/29056 = 4.4% to 2.8%. Looks bad at first glance, but it’s also a bad year. A year prior net profit margin was at whopping 20,3%, so a decrease from 4.4% to 2.8% would be nothing in comparison.
Will it result in increased prices? Yes, but it will also lead to economic growth, because more free time = people spend more money = companies earn more = companies grow faster, but so does inflation.
They may not matter in a sense that you can’t elect anybody but Putin.
But they do matter in a sense of showing the incumbent they aren’t stable.
After successful re-election of incumbent, they fall into a sense of euphoria. This leads to creation of some absolutely horrific and unjust laws.
However, when the re-election is deemed unsuccessful (say 55% voted for “the right candidate”, but the second place got scary high 30-35%), they become timid.
That’s how informational autocracies work. And that’s why elections there absolutely do matter, as they directly affect quality of life. It’s the safest and loudest way of showing the government your middle finger.
Can confirm, surprisingly effective.
Icy roads is a huge issue that often gets ignored or insufficiently addressed in Russia.
You’d be surprised how much changes from sole rotation of personnel.
Mind you, people wouldn’t be calling Putin a tyrant if he left after his second term. Yet he didn’t, that mofo rigged the system in his favour during that presidency, and… well, you know the rest.
Rotation is unimaginably more important than actual personas.
More than that. We have a giant demographical pit starting down from 25 y.o. and bottoming out at around 20-22 y.o.
It’s WW2 stacked on top of the economic collapse in the 90ies and now this. It is ugly.
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