We live during interesting times. The global political climate is worsening, social media has warped our understanding of empathy and community, and all capital will soon be in the hands of the same five people.
Sounds gloomy, but many people agree. When it comes to the planet, 42% people from 33 countries believe that parts of their countries will become uninhabitable because of extreme weather. In other bad news, almost half of those living in the U.S. and Western Europe fear that a third world war is likely to start in the next five to 10 years.
But there also are some niche things that most us don't know. Threats to certain ecosystems, old infrastructure, and complex processes in our oceans are just some of the things people have shared in an online thread under the question "What is currently on the brink of collapse but no one is talking about it?"
#42
Private Equity is full on bubble. They are buying into every market and leveraging it to the hilt. I'm talking debt priced at SOFR plus 6. If this economy takes a turn, this s**t will burst and take down plenty of businesses/employees.
Count2Zer:
I work for a PE-owned company.
This is happening. They sold the real estate - the company campus and buildings - to another company in their portfolio. So, the company now has to pay rent for buildings that it used to own. It's all about "increasing the multiplier" and "maximizing EBITDA" ... and everything is based on short-term (quarterly) reporting.
Our ERP system is going end-of-life in about 6 years. We KNOW that we have to start a project to select, design, build, and migrate all processes and data into a new ERP system. But, this is an 8-digit project (I'd estimate about 25 to 30 million Euros) with no ROI. It's all about risk reduction, not profit generation.
The shareholders and board of directors have made it clear that the project will not be approved - it's clearly seen as "2030? We'll be long gone by then, so it's not our problem!"
At this point, it's becoming my attitude as well. I'll be retiring in 2031 latest. It won't be my problem to solve, but I do feel sorry for my younger colleagues...
Count2Zer:
I work for a PE-owned company.
This is happening. They sold the real estate - the company campus and buildings - to another company in their portfolio. So, the company now has to pay rent for buildings that it used to own. It's all about "increasing the multiplier" and "maximizing EBITDA" ... and everything is based on short-term (quarterly) reporting.
Our ERP system is going end-of-life in about 6 years. We KNOW that we have to start a project to select, design, build, and migrate all processes and data into a new ERP system. But, this is an 8-digit project (I'd estimate about 25 to 30 million Euros) with no ROI. It's all about risk reduction, not profit generation.
The shareholders and board of directors have made it clear that the project will not be approved - it's clearly seen as "2030? We'll be long gone by then, so it's not our problem!"
At this point, it's becoming my attitude as well. I'll be retiring in 2031 latest. It won't be my problem to solve, but I do feel sorry for my younger colleagues...
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4points
#43
Firehouse Subs, the other day they sent a 50% off your order by ordering online, within 20 minutes of ordering the 50% off order they sent a free sub with any purchase coupon in an email. I walked out of that place with an additional sub for the price of a cookie. They got to be going belly up, with all the coupons they send out.
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4points