Comments by "TJ Marx" (@tjmarx) on "The Wall Street Journal" channel.

I strongly suspect the entire point of this product segment is that millennials and zoomers are giant toddlers that lack basic life skills. So these services feel to them a lot like mummy doing all the work for them, but they get the independence of feeling like they made the meal. And that I suspect is why the bulk of the drop off happens between the 9 to 12 month mark. Because that's how long it takes to develop life skills like how to cook an assortment of recipes, what ingredients you'd need to buy and what "ripe" looks like.
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@SmallSpoonBrigade Dried herbs, spices and condiments are long shelf life items. For most people you buy them once every 3-9 months. Meal rotation is a long held household skill. You find an assortment of 6 weeks of recipes, and you rotate through that same 6 weeks over and over. Now you always know what you're going to have. If you're not fussy, you can do it on a shorter timescale. I rotate through a 3 week rotation of meals. If you're fussier, just add another weeks worth to the rotation, or do a scattered rotation where you shuffle the weeks at the end of each rotation. Now when you do the groceries, you shop for the things you're going to make that week, any pantry staples that are running low, and luxuries on top. Easy peasy and you never get bored. You can either do the week straight, just following a predetermined order or you can use the week as a reducing menu where you choose from that weeks meals on the day and tick it off that you can have that meal any other day that week. By the last day the decision is made for you. And you can alternate. And of course none of it gets in the way of special occasions because you just plan those out and factor them in for that week.
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Increasing product longevity and banning planned obsolescence is an essential component of ewaste before you even look to recycle. Right to repair is likewise an essential component. Your whitegoods should last 10-20 years. If it lasts 2-3, it should be counted as defective and repaired for free. Your phone should last 5-10 and a manufacturer should be obligated to issue security patches during that entire period. A security patch is a fix to a product defect, those shouldn't be selectively provided based on when you purchased the product. TVs and consumer electronics should last at least a decade. If they're smart devices then applicable security patches should be mandatory. You should have a right to repair any product you own, including your Telsa or your Tractor. The right to buy parts to fix it yourself including OEM parts and compatible aftermarket parts, and the right to pay a third party to do the same on your behalf. Getting rid of planned obsolescence, strengthening consumer protection laws and mandating right to repair would reduce ewaste by at least half.
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@moramento22 Not at all. I'm merely suggesting reality. Being insulted is a choice, time to grow up.
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You missed the* key points in this report and missing them makes you vulnerable whether you own an iPhone or an android. 1. They were video recording people putting their pin codes into their phones. A user didn't need to tell them anything, they were watching and recording what you were doing in the club 2. Knowing the pin code to unlock the phone is sufficient to gain access to banking and financial apps. 3. They preferred iPhone but targeted both ios and android flagship devices. This isn't a team sport, all phone users are vulnerable 4. They were apparently unimpeded by IMEI locks, or what they are doing prevented such a lock from being placed on the phone 5. It is possible to turn off device location mechanisms agnostic of OS 6. They target young males, in their teens or twenties with top of the line current generation flagships. What was shown visually but not said too is that they were seeking dorky or geeky looking people too. That's not by accident. These tend to be people who are financially responsible with savings, invesrments and use all the modern conveniences to their full. That makes these hits lucrative. Remember, he's saying he's making $20K a weekend just in reselling the phone and 1-2 MILLION a month in stealing peoples savings. Apple put a stop gap fix in their as yet unreleased OS update that won't be on by default. There is no word on whether Google will respond to this, and importantly, given how OS updates work on android there's no guarantee it will be available to all phones even if they do.
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Exceptionally unlikely. The medium term outcome of China ceasing corn trade with the US will be a drop in corn production by the US as it fails to find a buyer. Meanwhile, China's south American and Africa agricultural investments will start to develop into maturity around the same time scale fundamentally shifting the global market for the long term. The long term outcome for the US is the loss of influence over the global corn trade and international corn markets.
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Whilst true, that's not the issue here. What this video demonstrates is a an iPhone user can be minding their own business and without revealing anything themselves, have their iphone pick pocketed, pin code recorded on camera and as a result of how apple sets up user access to banking apps, have all of your accounts drained. Apple created a stop gap protection, but it doesn't really address the issue and will be off by default. That's a problem with iPhone, not the user.
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@BirdRaiserE Correct. And getting that knowledge and confidence takes 9-12 months which is precisely where they see the main drop off. Retention is irrelevant so long as they have new customers at an equal or greater rate to customers leaving. That means they will also need to keep their marketing budget high, and always be blanket advertising.
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@winfriedbij684 It won't impact international markets, but yes it will absolutely impact domestic US markets. UAE and Saudi have now agreed to join BRIC (last week) which means all of OPEC+ is likely to follow. BRIC is moving to a unified reserve (2026), the combination of the two spells the end completely for the petrodollar by design. The US economy is headed for a steep collapse; however world markets are not because US currency won't be so heavily linked internationally by then, which is kind of the point. The US has 2 years to clean up it's national finances and get debt within 14% of projected GDP or it ends up like Venezuela.
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 @KyranSparda literally nothing you said is true and you seem to have entirely missed the point of this video.
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No one does beef better than Australia. No one.
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@badart3204 BRICS have already agreed to a unified reserve currency. The entire point of such a thing is that no one country controls it nor gets special benefit from it. It's a BRICS currency, controlled by an independent BRIC CRA organisation. There is potential for BRICS to extend the unified currency beyond just for reserve and into general use, like the euro. BRICS are very far down the development of a unified reserve, they've created the necessary infrastructure for it to rest upon and they expect to start using it no later than 2026. The US is over mate. Putting your head in the sand and pretending it isn't happening won't change anything.
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@Luumus I'm going to assume your little hissy fit was directed at me given its content. Although one can't be certain because there is no tag to direct your statement. Either way, what a lazy, emotionally led reply. What I said about millennials and zoomers is a colourful way of stating an objective fact. One mind you, your comment only demonstrates. That you feel insulted is your own choice and has nothing to do with me. It certainly in no way discredits what I have said, nor was it the crux thereof. Perhaps when you do actually grow up you might understand the meaning of the word irony, and that indeed there is none here. In fact, at such time you might understand you're merely lashing out carelessly with a temper tantrum like a toddler.
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Oh look, a PR piece. Let's talk real here What apple is proposing won't give you anymore privacy. They aren't giving you the power to stop APPLE from tracking your behaviour. They're giving you the ability to opt out of allowing third parties to collect your data for free. That makes them the only source from which those businesses can get that information which we know they already happily sell them. This isn't about privacy, it's about creating an environment where if you want Apple user data, you have to pay Apple for it. Apple puts PROFIT first not consumers. If they put consumers first they'd be on board with right to repair. They wouldn't extort repair costs to make buying a new device price comparable. They wouldn't pull apps for using a payment method that doesn't go through Apple like they did with EpicGames. They wouldn't pull or block apps that compete with Apple, like they did with all the game streaming apps. They wouldn't charge 3x as much for comparable hardware. They wouldn't make up stories about their abilities. They wouldn't have cooperated with PRISM nor would they continue cooperating with what PRISM was renamed to. If Apple really cared about your privacy they could deliver that. They could provide a VPN connection by default. They could remove the requirement for an Apple ID, and they could allow users with Apple IDs to opt out of being tracked. They could work with open source projects like key base to make your messages and calls not only highly encrypted, but their origin impossible to determine. They'd process all cookies from the VPN side. They don't do those things because Apple want to track you, that data even if not sold nor shared, is incredibly valuable. Apple is about building an ecosystem whereby all profits lead back to Apple, removing all completion and limiting as many third parties as possible. If Apple thought they could sell as many devices that could only use Apple software, you can bet your bottom dollar they'd do exactly that. Apple views you as a wallet filled with cash it hasn't acquired yet, and nothing else.
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Completely false @MrMineHeads. Very few working devices are simply discarded rather than sold on. Most people who want to buy a newer model television, consumer electronics or whitegoods will sell what they have because it still has value and can partially offset the cost of buying the new device. Most whitegoods made since 2005 don't last longer than 18 months. It's such a big problem that there's multiple investigative journalism pieces and documentaries on the issue. You are being very naive
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@MrAnonymousRandom Are you sure you meant to write that comment to me? It sure would seem if you did, that you didn't read my comments. You also got the longevity of an average dryer wrong. As I previously stated models since 2005 are designed to only last 2-3 years, not 10 years. If these products lasted a decade there wouldn't be a planned obsolescence issue. You're conflating the two separate issues of planned obsolescence and right to repair. Both of these problems have some legislation in various jurisdictions around the world, with more insistence on politicians from the electorate that legislation can become stronger and universal. Be part of the solution mate, not the problem
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Yes. This already happens all the time.
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@MikeOxlong- You haven't learned a thing.
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@Mew2Win No. They waited around, watching their targets and waiting for them to unlock their phones, or had their closer do something that prompted the target to unlock their phone. When the user locked their phone in either scenario, they recorded it so they could find out the pin code. Because iPhone uses the same pass code to access banking apps, it allowed them to steal the phone and access banking, where they drained the accounts immediately. That's a vulnerability with the security of iPhone. They also found that where users had a different means of signing in to their banking apps, they often stored those passwords unencrypted in plain text notes. That is a user initiated vulnerability. The guy in this story says he finds unique to iPhone users.
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Long term retention is an irrelevant statistic if your rate of new uptake is equal to or greater than that of customers dropping off. That is the real difference between Hello Fresh and Blue Apron, and why one is profitable whilst the other is not. People aren't dropping off due to price. If that were the case we'd expect to see the largest drop off within the first 3 months, with a rapid decline over 6. Instead we see a gradual decline over the first 9 months, then a rapid decline between month 9 and 12. The discounts are not lasting 9 months lol. This tells us that there are other more influential factors at play, so we have to look elsewhere. No competent seed investor nor shares investor is going to invest in a company that's going to offer heavy limited discounts on the first one or two orders then charge full price, solely in the basis that those discounts will attract people. They invest on the value proposition it presents the consumer and the provlem it solves. That means we need to look at who the target audience for these grocery kits are. Unlike with ready made meals (the 21st century TV dinner) where we're talking more about time poor or lazy people, grocery kits are aimed at people who don't know how to shop and cook. They aren't selling these to the Betty Crockers and Martha Stewarts of thr world. Millennials and zoomers are the target market. These are giant toddlers roaming around without basic life skills. These grocery kits provide an effective way to simulate mommy doing the groceries for you and leaving a recipe card for you to make the meal. You get the buzz of feeling independent, without needing the life skills upfront. Over time, say 9 to 12 months, your confidence increases, you start to understand the basics of how to cook, with an assortment of basic recipes, you understand the ingredients you need and what "ripe" looks like. Now you don't need the grocery kit anymore, the training wheels can come off and you can do it on your own. So long as parents keep failing their kids by not doing their job as a parent, these services will continue to profit. If parents started teaching their kids how to cook (and other life skills) from an early age again, like they used to then these services wouldn't need to exist. Do better parents. Stop wrapping your children in cotton wool.
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@MrMineHeads. Do a web search for planned obsolescence.
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Why is it that people get so uppity over Google not paying what they imagine it owes in tax but these P2P companies getting away with not paying taxes anywhere are fine?
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@jt-xk4vj "some leverage over you too" Understatement of the century. China has almost all of the leverage. The US has essentially none. China doesn't need the US market for anything and congress know it.
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Lithium is a passing fad. It's the popular battery tech right now, but tomorrow it'll be something else. That's kind of the point. What you also don't cover in this piece is how volatile lithium is, responsible for millions of fires globally. Or, and this is perhaps the big one if you're talking "green" ... how lithium is anything but green. Refining it destroys the environment and renders the land toxic for generations.
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"it's not a welfare policy" Yes, yes it is. That's precisely what UBI is. Welfare policies are economic policies, trying to make a distinction between them is silly. This is a country recognising that they're about to have crippling unemployment, so they're playing political games with it now. When 15% of the workforce is automated and they don't have new jobs to go into, that payment will be the only income they receive. That's called welfare You also can't claim it's an attempt to lift the economically disadvantaged up, if you're not going to limit the payment to the economically disadvantaged. We have a name for programs aimed at lifting people out of poverty, it's called welfare. The US welfare system isn't how other countries do it..this idea of it being a fixed time and "running out" doesn't happen everywhere. UBI, like all welfare systems ultimately get misused (even unintentionally) creating massive income inequality problems, institutionalized poverty and a feeling of repression. UBI is a really bad idea
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@Theohybrid Name preservation is an artificial monopoly on product, for players that otherwise could not compete. Are you suggesting that Japanese beef farmers can not compete?
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@mylesmcdermott2914 lol nice b8 m8... Australian beef is world renound.
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He's sorry he got caught. When he's released he'll go straight back to it but intends to not "get so carried away" which he attributes to getting caught. So my take aways from this video are 1. Whether you are on apple or android you are vulnerable. Yes, this video focuses on Apple but he talks about going after flagships agnostic of OS. The vulnerabilities discussed exist on both OSes, and all points below are OS agnostic 2. Having the pin code to unlock the phone is sufficient to access banking and other financial apps 3. It is possible to turn off lost or stolen device location. 4. Thieves are recording people putting their pin codes into their phones. Yes they like it when you just give them the code but it isn't necessary. 5. Apparently IMEI locks do not work on these devices or the thieves were otherwise unimpeded by the IMEI lock. 6. They have a profiled victim. The video SAYS young males with flagship phones. But it also gives us a visual clue on the kinds of young males being selected. I didn't see any large, imposing athletes for example, did you? They're targeting nerds and geeks. This makes sense. These are people most likely to be financially responsible with savings, financial investments (particularly crypto) and most likely to use all of the technological conveniences available to them. They're also more likely to be socially inept so easily give away information they shouldn't without question because they're seeking approval from peers and failing that, easily intimidated. It seems some common sense measures we've been talking about since the early 90s might fight against this crime. Treat your phone the way you would treat your PC. • Don't hand your phone to other people. They have a mouth if they need to communicate a phone number or username. • Always use a fingerprint to unlock your phone in public. Never a pin. Set a strong pin code that is not a guessable number related to you such as a birthday. • Do NOT use face ID. Ever. Don't even have it set up • Only use banking apps that respect your security. You should need to input your online banking password every time you want to access the app. No, biometrics aren't a replacement. • Store passwords in a secure password manager. No, not the one integrated into your phone. No, not the notes app. A proper secure password manager, this will probably cost a monthly or annual fee. Use a strong master password with your password manager that must be entered every time to access passwords. • Use autofill on your password manager instead of copying passwords. • Set a daily transfer limit inside your online banking to limit potential losses if a thief does gain access to your bank account. • Don't store your crypto wallet on your phone. You don't need that with you all the time. You're just asking to be robbed.
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This video is talking complete and utter BS. The redesign wasn't about expressing anything new. The redesign is the hungry jacks logo with the words burger king instead of hungry jacks and has been for the last 30+ years. Australian brand hungry jacks previously ownee by Jack Cowen is significantly better performing than burger king, beating burger king out in the Australian market and purchasing burger kings stores when they withdrew in 2001. Cowen started hungry jacks in 1969 when burger king refused to sell him a franchise. Hungry Jack's outperforms McDonald's in many regions of Australia. In 2021 burger king acquired hungry jacks, and a few months later burger king had this logo. The typeface is the same between them. That is what the redesign is about. Burger King are trying to figure things out, and learning from hungry jacks to improve market share. The burgers are better in Australia... 😉
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Here in Australia, Skymuster II satellite for rural communities can do 100mbps down 25mbps up currently. It's been that way for several years The system is currently in upgrade development to provide 1Gbps down and 50mbps up by the end of 2025. Good luck USA, you're getting left behind with old tech.
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So it's subway during the Jarred years. Gotcha. I look forward to watching as reality takes hold and they're forced to continue to compromise their vision. Give it 5-10 years and one of four things will have happened; 1. They've switched to the same distributors everyone else uses to cut costs 2. They've pivoted away from the "for everyone" bit and market themselves as high end. 3. They've sacked their entire workforce, from farm to restaurant and replaced them with machines. Or 4. They ceased to exist. Regardless of which one of these things happens, their ideologue supporters will have turned on them. 😂
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"Differing views of our privacy" This is false. This is not about privacy at all, and the ability to opt out of third parties does not make you much more private.
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If you find that insulting @drdrew3 maybe you need to find more things to fill out your life. He's saying it had a strong emotional impact on him.
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Australia nor Japan have "ranchers". That's a US term.
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@Anonnonner9546 Let us know when you get some will you.
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@mandalorian1602 There's a difference between having a job and being competent at it. Objectively they are the least competent generations for their time in the history of humanity. The truth might be hard to swallow, but that doesn't make it an insult. I don't care about your feels, don't whinge at me.
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That's an empty virtue signal and you know it. Here's the real solution. Repeal the anti-deficiency act so shut downs cease to be possible. Tada, now there's nothing for them to squabble over that actually matters. The real solution to getting government that actually works by the way, is to stop voting along party lines, ever. Vote for individual candidates and their platform. Be sure to always vote a different party into the senate than you did the house. Tada, now they have no choice but to work with each other and party lines stop being so important. Turns out your voting habits have always been the cause of "the swamp" and you've always had the power to get things working again.
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The recessions you compared it to were driven by a GDP downturn not inflation. If you compare to inflation driven recessions around the world since WW2 you'll see the same trend. If inflation continues it pushes into layoffs because business can't continue to accept all the input increases, so you see the X curve. If inflation is maintained at this level to 2024 as some economists are predicting, then it will push into layoffs late Q2 early Q3 2023. Similarly if rates raise too far too fast layoffs will follow. Everything hinges on getting inflation under control as rapidly as possible without overshooting. This is really a test of governance.
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