iiinova — where your digital self keeps evolving

Ryan Hassett @ryanhassett.bsky.social · 15h

Is there a Kalshi market on that law? I may want to bet on the "preempted" side.

Ryan Hassett @ryanhassett.bsky.social · 16h

Tips not being part of the denominator but interchange on tips being in the numerator could easily add half a percentage point or more, right?

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Ryan Hassett @ryanhassett.bsky.social · 16h

I was curious if the first quarter gets more closures generally, but I found the original chart hard to read. The answer seems to be "No".

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Ryan Hassett @ryanhassett.bsky.social · 16h

... Whoa, there's a whole $8 missing!

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Ryan Hassett @ryanhassett.bsky.social · 16h

Her debit charges depends on if she pays a flat rate for all cards or a spread over interchange. Debit interchange for non-Durbin exempt financial institutions (read: medium and large banks that hold most deposits) is capped at I think 21¢ and 5bps. Only thing I have to say about skimming cash:

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Ryan Hassett @ryanhassett.bsky.social · 17h

Note that it's 4% of all revenue, not 4% of credit card revenue or card revenue in general.

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Ryan Hassett @ryanhassett.bsky.social · 17h

If she really has a lot of small tickets, she should (eventually) probably be trying to negotiate an interchange plus deal with a low single cent fixed fee and not using the off the shelf pricing from Square/Toast/whatever, right?

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Ryan Hassett @ryanhassett.bsky.social · 17h

Well, you're eventually paying SET and income tax anyway, but why would you forego QBI if you can get it?

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Ryan Hassett @ryanhassett.bsky.social · 17h

If actually putting yourself on payroll, almost definitely not! If you just report the business's income as pass through income on your own return, you can take the QBI deduction, effectively making 20% of the income untaxed right off the top. Can't do that as W2! And you pay UI premiums on payroll!

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Ryan Hassett @ryanhassett.bsky.social · 17h

I'm sure the owner is working very hard, and I'm sure it's not a lot on a per hour basis, but the owner is clearing almost $120k on an annualized basis. Is it worth continuing? Maybe, maybe not! (Probably not!) But it's not really the same as an owner who is barely staying afloat.

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Ryan Hassett @ryanhassett.bsky.social · 17h

(Yes, bread on the top of the stack is preferable.)

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Ryan Hassett @ryanhassett.bsky.social · 17h

I actually ordered banana bread, so I don't know what I expected.

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Ryan Hassett @ryanhassett.bsky.social · 17h

What's also remarkable is having a 0.13% profit margin... but only after paying yourself 14.63%?

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Ryan Hassett @ryanhassett.bsky.social · 17h

4% interchange is high, but this claim is 4% of all revenue, including cash, check and non-Durbin exempt debit, goes to card processing, meaning the rate they're paying on credit transactions must be 5% or more, which would be extraordinary.

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Ryan Hassett @ryanhassett.bsky.social · 17h

How hard can I bash button #1? I'll have to ask my grandson to show me when he comes over, right after he fixes the printer.

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Ryan Hassett @ryanhassett.bsky.social · 18h

I'm not sure how much of an outlier this is. Fitting out airport retail always commands a pretty substantial premium, and the spaces are generally smaller, so it looks even worse per square foot.

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Reposted by Ryan Hassett

Regime Accountant, CPA ☠️🎢 @regimecpa.bsky.social · 18h

The horses are going to a nice farm upstate.

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Ryan Hassett @ryanhassett.bsky.social · 18h

Luckily the provided headline says "US-owned Canadian steel plants..."!

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Ryan Hassett @ryanhassett.bsky.social · 18h

Amazon is the most incredible retailer in the world. It's displaced countless incumbents, turned a cost centre into the dominant cloud computing platform, taken over a movie studio and begun to launch a constellation of satellites. It is also incapable of not packing bananas on top of bread.

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Ryan Hassett @ryanhassett.bsky.social · 18h

You think Lourenco Goncalves has Trump buyer's remorse now that he has to layoff Canadian steelworkers? No. Goncalves knew exactly what he was buying. He is fully bought in on US protectionism and is willing to say and do whatever it takes to reap the rewards of having no foreign competition.

finance.yahoo.com

Cleveland-Cliffs CEO blasts ‘evil’ Japan, home of rival Nippon Steel: ‘You did not learn anything since 1945’

There’s renewed uncertainty over U.S. Steel’s future after President Biden decided to block Nippon Steel’s acquisition bid, worth over $14 billion, citing national security.

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Ryan Hassett @ryanhassett.bsky.social · 20h

I feel like this is a deliberately very funny phrasing that emphasizes the fact that there was no evidence.

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Reposted by Ryan Hassett

Marco Chitti @chittimarco.bsky.social · 23h

Standards are strange creatures that once they exist in written form tend to live their own life completely disconnected from the realities that created them, which leads to them being often misunderstood and misapplied

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Ryan Hassett @ryanhassett.bsky.social · 20h

I've shaved the moustache since then.

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Ryan Hassett @ryanhassett.bsky.social · 21h

It was truly the most monumental thing to happen in every country of the world since natural born US citizen George Washington invented freedom.

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Ryan Hassett @ryanhassett.bsky.social · 21h

Misread this as Durham and, boy, was I confused.

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Ryan Hassett @ryanhassett.bsky.social · 21h

All of a sudden, after the Stonewall riots, jurisdictions were quick to decriminalize same-sex conduct, such as Canada, which had the foresight to do so the month before, and England and Wales, where Parliament was inspired by Stonewall to do so two years prior to the riots occuring.

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Ryan Hassett @ryanhassett.bsky.social · 21h

Lourenco Goncalves, CEO of Cleveland-Cliffs, asked if he regrets his rabid support of Trump's steel tariffs now that he's laying off Canadian steelworkers:

static.klipy.com

Picsou: Riche en Argent

ALT: Picsou: Riche en Argent

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Ryan Hassett @ryanhassett.bsky.social · 22h

Lots of people replying with "hahaha FAFO you got what you voted for!" when the employees being laid off did not get what they voted for because Canadians do not get to vote in US elections. The CEO and owners did get what they voted for: massive tarifs that pad the bottom line for their US plants.

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Ryan Hassett @ryanhassett.bsky.social · 22h

JD Vance is not from Hamilton, Ontario.

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Ryan Hassett @ryanhassett.bsky.social · 13/10/2026

The ultimate in luxury is an address without a street or civic number, just a house name.

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Ryan Hassett @ryanhassett.bsky.social · 13/10/2026

Betteridge's law of headlines violation.

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Ryan Hassett @ryanhassett.bsky.social · 13/10/2026

Which isn't impossible. It worked in the UK. [logs off]

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Ryan Hassett @ryanhassett.bsky.social · 13/10/2026

Consumers aren't paying the marginal cost of service either way, so if it did happen, it would have to be done by showing political constituencies that if you give the agency more money, it will actually be worth it and not go into a black hole.

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Ryan Hassett @ryanhassett.bsky.social · 13/10/2026

(They also do the QoL based on percentile... but with n=51, that's just a ranking, which could obscure large gaps in score between cities.)

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Ryan Hassett @ryanhassett.bsky.social · 13/10/2026

They removed the price indices.

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Ryan Hassett @ryanhassett.bsky.social · 13/10/2026

My providers don't even pretend to charge the rates in their agreement. They bill wildly inflated rates off some chargemaster, and my insurance plan's administrator adjusts them to the agreed upon rate. eg, "Submitted: $3000", "Plan pays: $185", "You pay: $15", "Plan discount: $2800".

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Ryan Hassett @ryanhassett.bsky.social · 13/10/2026

Stephen is actually the reason Wellmark BCBS of Iowa and South Dakota no longer offers plans in Kings County, New York.

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Ryan Hassett @ryanhassett.bsky.social · 13/10/2026

How much did the insurance actually pay though?

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Ryan Hassett @ryanhassett.bsky.social · 13/10/2026

(My understanding is that they've cracked down on this, separate from the fact that they no longer let you top off the amount for a nicer car.)

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Ryan Hassett @ryanhassett.bsky.social · 13/10/2026

My friend's dad was in a care home, and his Motability allowance paid for my friend to have a German luxury car, I guess in case her father needed to go to medical appointments or whatever. It was absurd.

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Ryan Hassett @ryanhassett.bsky.social · 12/10/2026

I bet the traffic commute index is killing NY and LA, given that both have fantastic healthcare, the former is famously safe by US standards and the latter has one of the best climates in the country. Alternatively, these indexes are all BS.

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Ryan Hassett @ryanhassett.bsky.social · 11/10/2026

A lot of that was apparently CN letting the tracks to degrade when service was suspended during the pandemic. Large stretches were reduced to 10mph in summer. Amtrak ended up using US taxpayer money to pay CN to fix its tracks in Québec.

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Ryan Hassett @ryanhassett.bsky.social · 11/10/2026

There's a US customs facility in the new Niagara Falls NY station. IIRC CBSA is on the train at the Niagara Falls ON station.

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Ryan Hassett @ryanhassett.bsky.social · 11/10/2026

It's amazing the things that VIA and especially Amtrak will do sometimes to prioritize making things as easy for themselves as possible at the expense of customer experience.

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Ryan Hassett @ryanhassett.bsky.social · 11/10/2026

Niagara Falls ON/Niagara Falls NY and Windsor ON/Detroit MI are too close together to allow for this; the bigger issue is that Americans won't want to clear customs twice for a domestic journey at all. (Never mind the hassles it introduces with moving, eg, recent purchases, alcohol or food.)

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Ryan Hassett @ryanhassett.bsky.social · 11/10/2026

Sounds like a lot of money for a small market!

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Ryan Hassett @ryanhassett.bsky.social · 10/10/2026

With or without a Detroit preclearance facility, you would still be clearing customs twice under that scenario.

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Ryan Hassett @ryanhassett.bsky.social · 10/10/2026

Recently took a six hour Amtrak trip, and felt so relaxed and reinvigorated after that when I got home... I immediately passed out and slept for 13 hours?

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