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re: What are some fun facts about the business you’re in we might not know?

Posted on 3/27/25 at 6:15 pm to
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
29579 posts
Posted on 3/27/25 at 6:15 pm to
quote:

A large portion of financial audits done are mostly by recent graduates and foreign contractors with way less oversight than you would expect.


And everything is “immaterial”

Don’t know where that money went? frick it, doesn’t matter, it’s not material
Posted by GreenRockTiger
vortex to the whirlpool of despair
Member since Jun 2020
53015 posts
Posted on 3/27/25 at 6:17 pm to
Church wine can only be bought by a designated representative from your church.
Posted by rintintin
Life is Life
Member since Nov 2008
16702 posts
Posted on 3/27/25 at 6:19 pm to
quote:

large portion of financial audits done are mostly by recent graduates and foreign contractors with way less oversight than you would expect.


That's pretty standard in professional settings. You think management, directors and executives are doing the grunt work?
This post was edited on 3/27/25 at 6:20 pm
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
21560 posts
Posted on 3/27/25 at 6:19 pm to

Fun fact: I’ve disliked what I do for a living for years, and this summer I get to stop working.
Posted by geauxpurple
New Orleans
Member since Jul 2014
14743 posts
Posted on 3/27/25 at 6:19 pm to
Most (but not all) lawyers are nice people.
Posted by McCaigBro69
TigerDroppings Premium Member
Member since Oct 2014
45174 posts
Posted on 3/27/25 at 7:20 pm to
work in paving/commercial construction

Amazes me the number of moderately priced jobs go cheapest route on materials, labor, maintenance, etc…

People want the world given to them for a dollar and expect high quality, longevity. Delusion.
Posted by Jim Rockford
Member since May 2011
102210 posts
Posted on 3/27/25 at 7:31 pm to
Most of the time the shake machine isn't really broken.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
144377 posts
Posted on 3/27/25 at 7:50 pm to
Pimping ain't really dead


Hoes still being misled
Posted by Arktigers
Member since Sep 2022
701 posts
Posted on 3/27/25 at 7:56 pm to
20 years ago absolutely true. I was amazed at level of automation and efficiency of sites I visited. No idea about today.
Posted by 6R12
Louisiana
Member since Feb 2005
10345 posts
Posted on 3/27/25 at 8:43 pm to
quote:

Gas stations with a vapor recovery system will actually pump excess fuel back into the gas station's tank. So once you fill your tank, any excess that you try to "top off" your tank with, will actually be pumped back to the gas station.


Wait, how does that work? Is there a second line near the pump handle? Is there a relief valve or something inside the pump itself? Sounds like some crazy stuff. Please explain bc I'll never do that again if it's the truth.
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17485 posts
Posted on 3/28/25 at 12:01 am to
Insurance claimants without an attorney average 25% higher net recovery and 8 months faster than those who engage an attorney
Posted by Ron Popeil
Mississippi coast
Member since Nov 2018
836 posts
Posted on 3/28/25 at 12:18 am to
The shake machine isn’t really broken. We just don’t like to clean it.
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
48734 posts
Posted on 3/28/25 at 12:23 am to
quote:

if you buy any technology whatsoever (unless you are the government or a fortune 50 company) has a middle man in between that gets anywhere from 10-30% markup as a reseller.

for the most part, you can't call cisco, dell, palo alto networks, crowdstrike, hp, etc. and say "i want to buy from you directly." you have to use a middle man.
Not necessarily true. It depends on the contracts and products.
Posted by PowerTool
The dark side of the road
Member since Dec 2009
22338 posts
Posted on 3/28/25 at 1:03 am to
We didn't kill JFK, but we do have alien bodies.
Posted by auggie
Opelika, Alabama
Member since Aug 2013
29603 posts
Posted on 3/28/25 at 1:10 am to
(no message)
This post was edited on 3/28/25 at 9:31 am
Posted by Mr Breeze
The Lunatic Fringe
Member since Dec 2010
6502 posts
Posted on 3/28/25 at 1:56 am to
quote:

I've been in hundreds of comparable factories in North America and Asia. 20 years ago it was labor. But that's no longer the case. Now they have a technology advantage

Even twenty years ago, roughly 100 kilometers south of Beijing, the Bureau of Geophysical Prospecting (BGP) used surface wave soldering devices, building their own electronics from designs stolen in the U.S. and Europe. I was floored seeing them, fairly sophisticated electronic PCB manufacturing machines, then and now.

The drive down goes through miles and miles of corn fields, looks like Kansas. Was told those field's quality was mainly for pig feed. Massive acreage.

Mid level managers on up at the factory all drove new looking Toyota Land Cruisers, courtesy of God knows who. I suspected Schlumberger or Halliburton at the time, who were both on site.

I agree with your assessment; see Thailand, Malaysia, Indonesia and to a lesser extent but growing, Vietnam.
Posted by stuntman
Florida
Member since Jan 2013
9789 posts
Posted on 3/28/25 at 2:46 am to
quote:

Private school kids are not any smarter than public school kids, they just have more people that care about them and how they act.


I don't know about that. If that were the case, wouldn't the admissions rates of graduates from public schools into top universities dwarf the percentage of private school graduates? Hasn't it been the exact opposite for generations?

Then, the other thing is that wealthier people tend to have higher IQs. IQ is largely genetic, so that gets passed on to their kids.

If the schooling itself didn't make a difference, then private schools would go out of business.

I'm not saying at all that public schools don't suffer immensely because of kids not being raise in a good and loving environment. Clearly that has a ton to do w/ it. All I'm saying is that it isn't the only variable that is the difference between public and private schools.
This post was edited on 3/28/25 at 3:07 am
Posted by 214
Geaux Tigers
Member since Mar 2025
2009 posts
Posted on 3/28/25 at 2:59 am to
There are people who trade bets on a security's performance over a period of time

it's not an actual stock - it's a bet on how that stock will perform

This is called Options Trading

Stock Options are considered securities

Eta: it is considered very risky relative to other asset classes
This post was edited on 3/28/25 at 3:46 am
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
9762 posts
Posted on 3/28/25 at 4:41 am to
quote:

Same thing with most LA state departments. DOTD used to buy new computers every year just to maintain their budget level.


Speaking of DOTD waste. A bridge in Houma broke where they needed a manlift. At first it was a simple fix the bridge was going to be out a few weeks. Mind you this is a lift bridge that is stuck in the down position. So they closed it to marine and car traffic. Those lazy frickers refused to adjust the light cycles to account for the fact the bridge no longer needed a light cycles. So then upon further inspection, more work needs to be done, the cables and the motors need to be replaced, the cables should arrive first next month.

Once that is complete, they can fix the bridge so it can open for marine traffic. The motors that need replacing will not arrive until late this year. So the bridge will be out for traffic until then. Luckily, they did adjust the light cycles to help with traffic, but the new issue is with lane closures, they closed the Southbound left lane on the Twin Spans all the way on the over the bridge.

Here would have been my solution since the bridge will be out till the end of the year. Keep both lanes open and shift the lanes at the base of the bridge so those that are in the left lane continue straight on Main Street while the right lane is for only turns onto Grand Caillou. You can get the striping trucks to restripe the new lane configuration instead of the hundreds of cones and lane closed signs on the bridge.

Also, unless DOTD has its own manlift, they are certainly pissing a way money on rental costs, since I haven’t seen them use it since January. I know companies charge a delivery fee, but I doubt it costs more than leaving it on a job site not being used for months on end.

Then there is the Company Canal Bridge in Bourg that is supposed to be finished in mid April, a 4 year bridge replacement, nearly a full year behind schedule. I will be shocked when that one opens. If they decide to hold a ribbon cutting ceremony, I want it to be shortest ceremony in history or none at all, just remove the barricades and open it for traffic.

Rant on [OFF]
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
58741 posts
Posted on 3/28/25 at 4:51 am to
quote:

Church wine can only be bought by a designated representative from your church


Could be true but in the days of the wine and wafer mafia they knew each buyer as the sellers had the monopoly. I guess with more job turnover, rep on the buyer side is not a lifer anymore.

Makes sense
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