• 1 Post
  • 49 Comments
Joined 2 years ago
cake
Cake day: June 1st, 2023

help-circle

  • Nestle has an extremely safe, risk-averse marketing strategy. In part due to their various scandals, they try really hard to be family friendly and boring.

    That said, they are not worse than other food and beverage conglomerates.

    1. child labor: mars & others were also implicated. These companies were most likely unaware of the child labor being used to harvest cocoa. The way it works is there are wholesalers in Africa who buy cocoa from processing facilities who buy fresh cocoa pods from local farms. These wholesalers advertised themselves as being child-labor-free. The farms they buy from were using child labor. This is a problem with capitalism exploiting people in the global south, causing perverse incentives, and with companies having limited insight into the full depth of their supply chains.

    2. water is not a human right: The nestle water exec said the quiet part out loud. But, no beverage company believes water is a human right - they just aren’t stupid enough to say that on camera. If they did think it was a human right, they’d be working to ensure universal access to clean water rather than bottling it and shipping it around the world while limiting water access at their extraction points and polluting the water near their factories. Look at what coca cola is doing in mexico - rampant water pollution such that in factory towns Coke is the only safe drink for folks because the water is contaminated. Nestle is bad, but no worse than coca cola.

    3. infant formula scandal: this occurred in the 1970s and was obviously awful. Every major multinational food and beverage conglomerate has stories like this if you look hard enough - this just happens to be a fucked up series of events that got some major media play.

    People online scapegoat Nestle, but continue to buy electronics and clothing made with child labor, tree nuts/soda/and other products known to be harmful to watersheds, and many other products from companies which harm people in the global south. This isn’t meant to defend nestle, but to remind everyone that there is no ethical consumption under capitalism. Nestle is not anywhere close to an uniquely evil company. Not even in its own industry.



  • Finance-wise, have an emergency fund and well-diversified portfolio. This is not financial advice, and I’m not a professional, but this is what I’d do with retirement funds and personal stock accounts:

    Emergency fund: if you already have this handled, then look at your investments. If you dont have an emergency fund, do everything you can to save up at least 3-6months of living expenses - ideally in a high-yield savings account to protect your money from inflation.

    US stocks: Don’t be over-exposed to US stocks, especially riskier ones. Historically, bonds and foreign stocks have been recommended to balance your portfolio, but many people have ignored that in recent years due to the dominance of US large-cap stocks, especially the tech sector. Ensure you’re diversified in accordance with your risk tolerance/retirement time-horizon.

    Non-US Stocks: It would be good to have a non-US ETF or index fund with developing and emerging markets. It may not perform as well, but can potentially hedge against US market volatility. The counterpoint here is that US stocks are globally interconnected enough that getting non-US stocks would overexpose you to that part of the market. Caveat emptor, do research.

    Bonds: bond ETFs/funds, I-bonds (inflation protected securities, you can buy $10k per year), and automated bond ladders can give you steady returns. Remember buying bonds directly is fairly illiquid - your money will be stuck in the bond for the duration of the bond’s term.

    Cash: Inflation isn’t crazy right now. Probably wouldn’t be bad to have more cash than normal sitting in high-yield accounts (earning around 4% APY right now) since the market is likely to dip. Maybe consider liquidating some investments that are riskier than you’d like. I wouldn’t really advocate trying to time the market, but also it doesn’t seem like a bad time to be a little heavier on cash imo.

    Check out Boglehead 3 fund portfolios and their variations. Imo it is time to be safe and boring. If you have a long time until retirement, don’t panic - ride it out and consider rebalancing your portfolio to the standard, oft-recommended asset mixes. If your retirement timeline is short, make sure that you aren’t over-exposed to risky investments like stocks.













  • ALoafOfBread@lemmy.mltoAsklemmy@lemmy.mlOn prison abolition
    link
    fedilink
    arrow-up
    39
    ·
    edit-2
    3 months ago

    I don’t think it’s possible to abolish prisons for all crimes. But why does a thief or a drug dealer (or worse, just a drug user) need to be in prison? What about the nature of their crimes necessitates imprisonment as a reasonable method of corrections?

    If the point is stopping people from reoffending, prisons don’t do that. Like objectively. Recidivism in the US is super high, and going to prison predicts increases in the severity of crimes people commit.

    So, what reduces recidivism? Eliminating the factors that drove them to crime in the first place. So, you monitor them closely - house arrest, assigned social/case workers, etc. Like a more robust parole system for nonviolent offenders. With enough surveillance, you can reduce the likelihood of reoffence by making the chances of getting caught much higher. This enhanced monitoring would be temporary.

    For violent offenders and more serious criminals, maybe prisons are still necessary. But they don’t have to be dehumanizing and can provide necessary health/psychiatric, educational, social, and job skills training.

    You could make the corrections system more effective by making society easier for criminals to reintegrate into. If you’re a felon and you can’t find work because you’re a felon - how are you going to afford to live within the confines of the law? Step 1) jobs programs for felons with a path to eliminating non-violent offenses from your record as it relates to work with exceptions as necessary. Step 2) improve the education system to prevent people from turning to crime and to help give former criminals relevant job skills to earn an honest living. Step 3) provide healthcare to people - having access to healthcare for mental and addiction-related conditions is super important to reduce crime.

    Basically - prison abolition isn’t about just letting rapists and murderers go free with no consequences. Instead, people in favor of prison abolition are typically in favor of reducing the societal pressures to commit crimes and preventing reoffense.



  • Many people have auras before and during migraines. These can be visual (seeing colors or black spots or colors/lights look brighter or dimmer), sensory (sensitivity to light/sound), speech-related (difficulty speaking or understanding speech), motor (impairment to movement), and brainstem (vertigo, tinnitus, ataxia, decreased consciousness, etc).

    I get sensory, speech related, motor, and possibly some brainstem aura symptoms. You kind of just learn to recognize when a migraine is coming on and not a regular headache.