PPCC: Pisitófilos Creditófagos. Primavera 2025

[Cadavre Exquis]

https://www.pressreader.com/spain/expansion-nacional-sabado/20250426/page/52/textview

Buscando explicaciones a la caída del dólar

Trump obliga a bajarse de la Bolsa norteamericana

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/expansion-nacional-sabado/20250426/page/53/textview

Deuda, tipo de interés y monedas

Saludos.

[Cadavre Exquis]

WSJ: Tech-Industry Workers Now 'Miserable', Fearing Layoffs, Working Longer Hours
Posted by EditorDavid on Sunday April 27, 2025 @12:34PM from the misery-loves-company dept.

"Not so long ago, working in tech meant job security, extravagant perks and a bring-your-whole-self-to-the-office ethos rare in other industries," writes the Wall Street Journal.

But now tech work "looks like a regular job," with workers "contending with the constant fear of layoffs, longer hours and an ever-growing list of responsibilities for the same pay."

Now employees find themselves doing the work of multiple laid-off colleagues. Some have lost jobs only to be rehired into positions that aren't eligible for raises or stock grants. Changing jobs used to be a surefire way to secure a raise; these days, asking for more money can lead to a job offer being withdrawn.

The shift in tech has been building slowly. For years, demand for workers outstripped supply, a dynamic that peaked during the Covid-19 pandemic. Big tech companies like Meta and Salesforce admitted they brought on too many employees. The ensuing downturn included mass layoffs that started in 2022...

[​S]ome longtime tech employees say they no longer recognize the companies they work for. Management has become more focused on delivering the results Wall Street expects. Revenue remains strong for tech giants, but they're pouring resources into costly AI infrastructure, putting pressure on cash flow. With the industry all grown up, a heads-down, keep-quiet mentality has taken root, workers say... Tech workers are still well-paid compared with other sectors, but currently there's a split in the industry. Those working in AI — and especially those with Ph.D.s — are seeing their compensation packages soar. But those without AI experience are finding they're better off staying where they are, because companies aren't paying what they were a few years ago.

Other excepts from the Wall Street Journal's article:

• "I'm hearing of people having 30 direct reports," says David Markley, who spent seven years at Amazon and is now an executive coach for workers at large tech companies. "It's not because the companies don't have the money. In a lot of ways, it's because of AI and the narratives out there about how collapsing the organization is better...."
• In some cases, companies post record revenue while still trimming head count.
• Google co-founder Sergey Brin told a group of employees in February that 60 hours a week was the sweet spot of productivity, in comments reported earlier by the New York Times.
• One recruiter at Meta who had been laid off by the company was rehired into her old role last year, but with a catch: She's now classified as a "short-term employee." Her contract is eligible for renewal, but she doesn't get merit pay increases, promotions or stock. The recruiter says she's responsible for a volume of work that used to be spread among several people. The company refers to being loaded with such additional responsibilities as "agility."
• More than 50,000 tech workers from over 100 companies have been laid off in 2025, according to Layoffs.fyi, a website that tracks job cuts and crowdsources lists of laid off workers...

Even before those 50,000 layoffs in 2025, Silicon Valley's Mercury News was citing some interesting statistics from economic research/consulting firm Beacon Economics. In 2020, 2021 and 2022, the San Francisco Bay Area added 74,700 tech jobs But then in 2023 and 2024 the industry had slashed even more tech jobs -- 80,200 -- for a net loss (over five years) of 5,500.

So is there really a cutback in perks and a fear of layoffs that's casting a pall over the industry? share your own thoughts and experiences in the comments. Do you agree with the picture that's being painted by the Wall Street Journal?

They told their readers that tech workers are now "just like the rest of us: miserable at work."

Saludos.

[Cadavre Exquis]

https://x.com/sninobecerra/status/1916090922535735628

https://elpais.com/opinion/2025-04-26/riki-blanco-lucha-de-minimos.html

Saludos.

[berberecho]

Buenas tardes. Hace mucho que no escribo nada por aquí, pero trato de mantenerme al día: últimamente es menos fácil que antes por la velocidad que están tomando las cosas.

Y tengo que confesar que la situación actual, aunque puede convertirse en un alud de mierda, me tiene más animado respecto a los últimos años, en los que me sentía languidecer por la exasperante condición de díamarmotismo que se extendió durante décadas. Más allá de lo estructural, me centraré en el subdebate que se ha dado en estos últimos días respecto al coste de producción de la vivienda, que no es tan así ni tan asá como opniones algo extremas que he leído por aquí.

Por comenzar, el coste de la construcción residencial estándar, en perspectiva histórica, tiene una base bastante estable, pero que se ha ido incrementando debido a que los estándares de calidad actuales son mucho más exigentes (lo que no está mal por varios motivos) que los que había hace 40 o 50 años.

A bote pronto, el coste se ha más o menos duplicado en estas 4 décadas por motivos específicamente constructivos, es decir objetivos, que tienen que ver con el coste real de lo producido. Para esto es importante tener en cuenta que existen dos partes de la obra construída, cuya incidencia en el desglose de costes ha ido variando a lo largo del tiempo. La primera es lo que en la profesión llamamos "obra gruesa", que comprende la estructura (bases, columnas, forjados, muros de contención, etc) y los cerramientos (muros, paredes y tabiques, tejados, contrapisos, etc) que en la cultura constructiva mediterranea asociamos a todo los que es cementicio -hormigon, piedra, tochos,etc), pero que en otras son de madera u otras variantes, y cuya incidencia final en la obra construída es más o menos equivalente.

En otras palabras, la obra gruesa es el soporte y la cáscara del edificio. Esta parte de la obra es la que determina y cierra el volumen construído. Sólo conque esté acabada esta parte, ya nos permite ver la obra en su totalidad perceptiva.

Pero lo importante es que este componente sólo cuesta entre un 20 y un 25% de la obra. El otro 70/75% corresponde a las instalaciones, equipamientos, acabados, aislaciones, etc. Para que se hagan una idea de donde van los tiros, un metro cuadrado de pared exterior terminada cuesta unos 30 €, y un metro cuadrado de ventana de calidad estándar (doble vidriado y cerramiento) cuesta unos 240€, es decir 8 veces más a igual superficie.

Las viviendas básicas del franquismo tenían una incidencia de obra gruesa muy superior, más o menos el 50% del coste total de la obra, por la sencilla razón de que la parte de instalaciones, acabados, equipamientos y aislaciones era muy precaria, cuando no inexistente en muchos aspectos. Comparen, sin ir más lejos, la instalación eléctrica de una de aquellas viviendas con lo mínimo que resulta exigible en la actualidad, y se darán una idea de lo que estamos hablando. Lo mismo para la calidad de acabados (suelos, cielorrasos, aislaciones, ventanas, equipamientos de baño y cocina, etc.)

Y aún con todo esto, el coste puro y duro de construcción de una vivienda básicas de buenas calidades estándar en la actualidad no tiene porqué pasar de los 750-800 €/m2, y esto incluye el beneficio de la empresa constructora. A esto hay que sumarle la incidencia del coste de proyecto, gestión, comercialización y demás, que no debería sobrepasar un 30% sobre el coste de construcción. En otras palabras, que se puede hacer en perfectas condiciones por menos de 1.000 €/m2 de precio final de venta.

Ya lo he dicho en otras ocasiones, si redondeamos en 1.000€/m2, una vivienda de unos 75 m2 totales, (unos 60 m2 útiles, con cocina, salón, baño y dos dormitorios amplios, suficiente para una pareja joven con un hijo) podría venderse por 70.000 o 75.000 €, lo que estaría al alcance de la mayoría de la gente: con una entrada modesta de 15.000 euros, una hipoteca de 60.000 a 10 años nos daría una cuota mensual menor a 600 euros. Si fuera una persona sola, un piso inicial de 45 o 50 m2, de una habitación, podría adquirirse por unos 50.000, lo que significa una entrada de 10.000 y una hipoteca de 40.000 a 10 años (menos de 450 euros mensuales).

El coste de construcción no es, no ha sido y no será nunca un problema. No es tal vez baratísimo, pero no no es caro. Incluso el coste de una vivienda de lujo puede no llegar ni a los 2.000 €/m2.
El problema está en el suelo; una hectárea de terreno rústico puede costar (en el mercado menos de 5.000 € la hectárea, y ese mismo suelo puesto en el mercado inmobiliario puede costar esos mismos 5.000 pero por metro cuadrado, lo que significa un incremento del 10.000% sin hacer absolutamente nada.

La cuestión es porqué puede sufrir ese incremento absolutamente brutal: por la sencilla razón de que se ha naturalizado que la vivienda puede tener una renta empotrada de suelo de 2000 €/m2, lo que nos lleva automáticamente a una base de precio de 3.000 €/m2. Esto puede subir aún mucho más en zonas calientes.

Esto nos permite ver en donde está la parte del león de la extracción de las rentas inmobiliarias, darnos una pista de quiénes son sus perceptores, cómo se gestiona el negocio, y qué posibilidades reales existen de cercenar este entramado diabólico, que les adelanto son muy escasas si el sistema no se saca de la manga -y pronto- algún tipo de modelo productivo que "compense" a los perceptores de las rentas del suelo -pobres ellos, que de algo tienen que vivir- con alguna rentabilidad equivalente.

El problema del dinero sin trabajar es que ha alcanzado unas cotas absolutamente extraplanetarias. Ya me gustaría que existiera una solución estructural al problema (es decir, en términos puramente económicos-objetivos), pero me temo que es imposible sin una verdadera revolución política e ideológica.

Prácticamente todos los bienes tecnológicos que podemos adquirir hoy son sumamente evolucionados y mejores respecto a los de hace 40 años: aviones, coches, ordenadores, ordeñadoras de vacas, bolígrafos, maquinillas de cortar el pelo. Y todas ellas son mucho más baratas que las de hace 40 años (al cambio).

La vivienda no ha evolucionado prácticamente nada en décadas. Y ha llegado fácilmente a multiplicar por 30 su precio. Mismo valor, precio x30. Todos los costes que mencionas tienen el coste empotrado del artefacto, que arrastran desde hace décadas.

Lo difícil es decir exactamente el cuándo. Lo fácil es decir el qué: lo que os he dicho más atrás. El precio de las casitas tenderá a lo que es: marginal respecto a los materiales. Mano de obra poco especializada o "serializada" (un arquitecto hace proyectos de bloques casi sin despeinarse, que no es diseñar un estadio de fútbol. Del resto de intervención de profesionales, no vale la pena perder ni un segundo en explicarlo) y materiales muy baratos (los usados desde hace décadas, siendo bueno). El resto es humo.

Y es ese humo el que os impide, a unos y a otros, ver el valor de las viviendas.

[puede ser]

https://www.eleconomista.es/economia/noticias/13336481/04/25/trump-sugiere-recortes-de-impuestos-para-ingresos-inferiores-a-200000-dolares-anuales.html

Trump sugiere recortes de impuestos para ingresos inferiores a 200.000 dólares anuales
"¡¡¡Será una bonanza para Estados Unidos!!!", remarca el presidente estadounidense

El presidente de Estados Unidos, Donald Trump, anunció este domingo la posibilidad de que cuando entren en vigor los aranceles se dé una reducción o eliminación de impuestos sobre la renta para las personas que ganen menos de 200.000 dólares al año.

"Cuando entren en vigor los aranceles, los impuestos sobre la renta de muchas personas se reducirán sustancialmente, quizás incluso se eliminarán por completo. La atención se centrará en quienes ganan menos de 200.000 dólares al año", escribió este domingo en su red social, Truth Social, el presidente republicano.

Trump, además, resaltó en su mensaje que EE. UU. está creando muchos empleos con nuevas plantas y fábricas en construcción. "¡¡¡Será una bonanza para Estados Unidos!!! ¡¡¡El Servicio de Impuestos Externos está en marcha!!!", concluyó Trump.

Los caminos del Señor son inescrutables.

[Derby]

https://www.ft.com/content/967a0c1a-6ae5-4d72-bd78-b7a8bdabccea

Demand slump fuelled by Trump tariffs hits US ports and air freight

Bookings plunge as importers hold off on shipping goods to America in hope of Beijing-Washington deal



Donald Trump’s trade war with Beijing is starting to affect the wider US economy as container port operators and air freight managers report sharp declines in goods transported from China.

Logistics groups said container bookings to the US have fallen sharply since the introduction of 145 per cent tariffs on Chinese imports to the US.

The Port of Los Angeles, the main route of entry for goods from China, expects scheduled arrivals in the week starting May 4 to be a third lower than a year before, while airfreight handlers have also reported sharp falls in bookings.

Bookings for standard 20-foot shipping containers from China to the US were 45 per cent lower than a year earlier by mid-April, according to the latest available data from container tracking service Vizion. 

John Denton, secretary-general of the International Chamber of Commerce, said the upheaval in China-US trade flows reflected traders “kicking decisions down the road” as they waited to see how quickly Washington and Beijing could reach a deal to lower tariffs.

A survey of ICC members conducted in more than 60 countries after Trump’s April 2 “liberation day” tariff announcement showed expectations that trade would be permanently impacted, whatever the result of coming negotiations.



The cost of access to the US market would be the highest since the 1930s, Denton said. Referring to the baseline tariff for all countries, he said there was “almost an acceptance that 10 per cent will be the minimum charge to access US market, whatever other uncertainties there may be”.

Washington and Beijing showed signs of starting to feel the effects — with both sides announcing some tariff exemptions this week on important products for their respective economies and Trump predicting the 145 per cent tariff would “come down substantially”. However, China said on Friday it was not in talks with the US.

As the first container shipments from China to face tariffs are due to land in the US in the coming week, freight operators said supply chains were shifting.

Nathan Strang, ocean freight director at US logistics group Flexport, said companies were waiting to ship goods in anticipation of Washington and Beijing agreeing a deal to mitigate the levies.

US importers are looking to use up stockpiled inventories before importing fresh stock from China, said logistics executives. They are also holding stock in bonded warehouses where inventory can be stored duty-free with taxes paid on withdrawal, or diverting it to other nearby countries such as Canada.

“They’re sitting on goods at origin, sitting on goods at destination,” Strang said, warning that if a deal was done to cut tariffs, shipping rates would then jump sharply.

Hapag-Lloyd, one of the world’s largest container shipping lines, said Chinese customers had cancelled roughly 30 per cent of its bookings out of China.



Hong Kong-listed Taiwanese container shipping company TS Lines has suspended one of its Asia to US west coast services in recent weeks. “Demand is not there,” one person at the group said.

The declines in order volumes have fed through to landings in Los Angeles, according to shipping data analysts Sea-Intelligence, which reported a surge in ‘blank sailings’, where scheduled vessels from China were being cancelled.

Almost 400,000 fewer containers are booked on Asia to North America routes during the four weeks from May 5 than planned — a 25 per cent drop from the amount scheduled for the same period at the start of March, before tariffs were imposed.

The Port of Los Angeles alone expects 20 blank sailings in May, representing more than 250,000 containers — up from six in April.

That is a sharp fall from this week, when arrivals were up by 56 per cent year-on-year — a sign that importers have been frontloading deliveries from other south-east Asian manufacturing hubs such as Cambodia and Vietnam that are enjoying a 90-day “pause” in tariffs.

Container prices reflected the supply chain shift, according to data from logistics hub Freightos, with a 15 per cent increase in the price of a 40-foot container from Vietnam compared with a 27 per cent fall on major China-US routes.



“Rates from other Asian countries to the US may continue to climb ahead of the July tariff deadline,” Judah Levine, head of research at Freightos, said.

Airfreight volumes have also fallen sharply, according to US industry association the Airforwarders Association, with its members’ bookings from China falling roughly 30 per cent.

“A lot of members have just stopped receiving orders from China,” said executive director Brandon Fried. “It’s also creating a whipsaw effect on prices and booking rates as traders reacted to each piece of news from the White House.”

The industry is expected to be further hit by a US decision to close its ‘de minimis’ scheme that allowed goods valued at under $800 to be imported tariff-free, an important route for e-commerce retailers such as Shein and Temu. Chinese goods are set to lose the exemption from May 2.

Lavinia Lau, chief commercial officer at Hong Kong’s Cathay Pacific, whose air cargo business contributes about a quarter of its revenue, said it expected a “softening” of demand between China and the US because of the tariffs and de minimis rule changes.

Hong Kong freight forwarder Easyway Air Freight said business from China to the US dropped roughly 50 per cent following the tariff increases.

E-commerce executives noted waning freight demand. Wang Xin, head of the Shenzhen Cross-Border E-Commerce Association, said: “We are seeing noticeably fewer price quotation requests in relation to air cargo shipments.”

Even though stockpiling and supply-chain reorientation have helped buffer consumers from the sharp falls in freight volumes, hauliers and retailers are starting to feel the effects of the slowdown in imports.

Arizona-based Knight-Swift Transportation, one of the largest US trucking companies, warned of lower anticipated volumes, citing uncertainty caused by the tariffs threat.

Chief executive Adam Miller said some of the group’s largest customers were “expressing concern” that the cost of tariffs would feed into lower volumes in May.

“There are some that have told us that, yes, they’ve cancelled orders or they’ve stopped ordering, particularly from China, and we’ll figure out how to adjust their supply chain to avoid the cost,” he said.

Retail consultants said purchasing patterns were reflecting the three successive months of softening consumer confidence indices.

John Shea, the chief executive of Momentum Commerce, which helps consumer companies sell about $7bn annually on Amazon, warned of a potential “double whammy” of rising prices and falling consumer spending.

“We’re seeing evidence that consumers are starting to trade down . . . while at the same prices are creeping up,” he said.

[conejo]

Liquidez y mercaos…

https://youtu.be/6DznrMXF7QM?si=58ZLefaRGld7PnSb

[Cadavre Exquis]

https://elpais.com/internacional/2025-04-26/zelenski-y-trump-se-reencuentran-en-el-vaticano-para-tratar-de-avanzar-en-la-senda-de-la-paz-para-ucrania.html

Saludos.

[Cadavre Exquis]

https://elpais.com/opinion/2025-04-27/gracias-a-trump-putin-ya-roza-la-victoria.html

Saludos.

[Cadavre Exquis]

https://elpais.com/internacional/2025-04-27/100-dias-trump-100-dias-de-miedo-caos-y-abusos-de-poder.html

Saludos.

[Cadavre Exquis]

https://lectura.kioskoymas.com/el-pais/20250427/page/14/textview

Mercados revueltos y lazos diplomáticos rotos

Saludos.

[Cadavre Exquis]

https://elpais.com/internacional/2025-04-27/michael-j-sandel-a-trump-no-se-le-frena-con-la-ley-sino-con-la-politica.html

Saludos.

[Cadavre Exquis]

https://elpais.com/opinion/2025-04-27/trump-cien-dias-de-miedo-y-demolicion.html

Saludos.

[Cadavre Exquis]

https://elpais.com/economia/2025-04-27/cual-es-la-indemnizacion-media-diez-graficos-que-explican-a-que-precio-se-despide-en-espana.html

Saludos.