#the lobsters

[blaperile]

Homestuck: Beyond Canon (reactions pages 615 - 625)

Oh man, that was a great update.

Finally we get to see (any version of) Karkat again, it's been so long! I love how he adresses it himself in a meta way with that "KEPT YOU WAITING, HUH" (which hilariously also reminds me of Snake's introduction video in Super Smash Bros. Brawl).

Also, the "big kahuna" thing is a fun callback to how Meenah insisted Jake called her during their last conversation.

I love how much Karkat and Meenah visually resemble the Sufferer and The Condesce lately, fits just right in with how Dirk and Rose were now looking similar to Bro and Mom in the latest update.

Karkat's interactions with Meenah and Sollux are still absolutely golden. Especially love the callback to Hivebent back when Karkat (jokingly) asked Sollux if they were still friends, and now Sollux is doing it to him.

Pffff, the LOBsTERs. Such a silly name and clear A-Team/Rambo rip-off, but I love it. It also clearly shows how Karkat isn't just fighting for/with the Trolls but also has help from all OTHER kingdoms (the Consorts, Carapaces AND Humans!)

Karkat's going with barely any of sleep again, kind of like he did during SGRUB.

Anyway, it's really clear that this is building up to a serious confrontation with Jane. In fact, the very last page here kind of feels like how back in the Homestuck days you'd just know the next page would be an [S] one.

And it would make so much sense for it to drop on 6/12

Except, James Roach his newspost is saying we're still getting another update later this month. So is the [S] page still dropping later this month after all, or will there be one more update for build-up before the real deal?

I'm looking forward SO HARD to that [S] page. It's been so long since we've had one in Homestuck^2, and it'll be the first time for a "proper" one (seeing as the previous [S] pages here were just the God Tier clock and Sollux watching Aradia disappear).

I'm guessing this [S] page will probably be the closure of "Act 1", the question is just what exactly will happen in it?

I'm assuming it will involve pretty much everyone in the Candy timeline (though I wonder what role the kids would play in it exactly?), I'm curious to see if it will also deal with the Meat timeline (will it show Dirk's timeskip and the chasing ships arriving?).

My guess is it will also reveal what exactly "The Point" is. Will it be a Hiveswap-like portal that can transport them to the Meat timeline? Will it be a device that will transport the meteor and everyone on it?

Oh man if the entire meteor gets transported and Jane's ship(s) get left behind that would also be an interesting callback to when Jane entered SBURB and saw the Condesce's ship flying overhead.

If instead they come through a similar portal device on the Meat meteor it would be funny to see their reactions what with how all the Creators are currently gone from that planet (either going to Deltritus or on a little adventure with Jasprosesprite^2).

And will it already be time for Deltritus to start their SBURB session in the next update or not yet?

And what could even be the song? Something composed by James Roach himself, perhaps? Will it be an entirely new song, an existing Homestuck song, or a new song using some existing Homestuck motifs in it?

As for the name of the page, I'm going all-in on "[S] Get to The Point" :D

[plaguedocboi]

BIG LOBSTER NEWS apparently an orange lobster at the university of New England had babies and half of them are orange and half are normal

So the answer is yes. Weirdly colored lobsters do have weirdly colored babies.

[do-you-know-this-baby]

Do you know these babies?

comment: Cute Soviet Lobsters, just want to escape our light cone <3

[sakrafka]

my gf made me a lobster bath

[santapau]

"How to step out of the picture" a new Secret Knots comic! I hope you like it. As usual, this webcomic is made possible by the support of kind Patreon followers. Check out the different tiers (there's even a free one!) for extra content, sketches and more.

[foodshowxyz]

Garlic herb grilled lobster

[2helper]

oh and

talking about miku designs-

[samimarkart]

Blackwater Dive

2024, hand bleached and dyed denim, cotton batting and thread

inspired by blackwater photography of plankton! this was my first time layering bleach painting. All the silhouettes were painted with bleaching gel, loosely tie dyed, and then bleached again to make the highlights. I quilted the piece using my free motion foot to outline each individual animal and tacked down the rest of the quilt with small satin stitches that remind me of marine snow. I dyed bias tape to match. super happy with this one and excited to show it in a gallery setting soon!

[t00thpasteface]

me if i was a lobsta

[atranswolfgirl]

[mostlysignssomeportents]

Red Lobster was killed by private equity, not Endless Shrimp

For the rest of May, my bestselling solarpunk utopian novel THE LOST CAUSE (2023) is available as a $2.99, DRM-free ebook!

A decade ago, a hedge fund had an improbable viral comedy hit: a 294-page slide deck explaining why Olive Garden was going out of business, blaming the failure on too many breadsticks and insufficiently salted pasta-water:

https://www.sec.gov/Archives/edgar/data/940944/000092189514002031/ex991dfan14a06297125_091114.pdf

Everyone loved this story. As David Dayen wrote for Salon, it let readers "mock that silly chain restaurant they remember from their childhoods in the suburbs" and laugh at "the silly hedge fund that took the time to write the world’s worst review":

https://www.salon.com/2014/09/17/the_real_olive_garden_scandal_why_greedy_hedge_funders_suddenly_care_so_much_about_breadsticks/

But – as Dayen wrote at the time, the hedge fund that produced that slide deck, Starboard Value, was not motivated by dissatisfaction with bread-sticks. They were "activist investors" (finspeak for "rapacious assholes") with a giant stake in Darden Restaurants, Olive Garden's parent company. They wanted Darden to liquidate all of Olive Garden's real-estate holdings and declare a one-off dividend that would net investors a billion dollars, while literally yanking the floor out from beneath Olive Garden, converting it from owner to tenant, subject to rent-shocks and other nasty surprises.

They wanted to asset-strip the company, in other words ("asset strip" is what they call it in hedge-fund land; the mafia calls it a "bust-out," famous to anyone who watched the twenty-third episode of The Sopranos):

https://en.wikipedia.org/wiki/Bust_Out

Starboard didn't have enough money to force the sale, but they had recently engineered the CEO's ouster. The giant slide-deck making fun of Olive Garden's food was just a PR campaign to help it sell the bust-out by creating a narrative that they were being activists* to save this badly managed disaster of a restaurant chain.

*assholes

Starboard was bent on eviscerating Darden like a couple of entrail-maddened dogs in an elk carcass:

https://web.archive.org/web/20051220005944/http://alumni.media.mit.edu/~solan/dogsinelk/

They had forced Darden to sell off another of its holdings, Red Lobster, to a hedge-fund called Golden Gate Capital. Golden Gate flogged all of Red Lobster's real estate holdings for $2.1 billion the same day, then pissed it all away on dividends to its shareholders, including Starboard. The new landlords, a Real Estate Investment Trust, proceeded to charge so much for rent on those buildings Red Lobster just flogged that the company's net earnings immediately dropped by half.

Dayen ends his piece with these prophetic words:

Olive Garden and Red Lobster may not be destinations for hipster Internet journalists, and they have seen revenue declines amid stagnant middle-class wages and increased competition. But they are still profitable businesses. Thousands of Americans work there. Why should they be bled dry by predatory investors in the name of “shareholder value”? What of the value of worker productivity instead of the financial engineers?

Flash forward a decade. Today, Dayen is editor-in-chief of The American Prospect, one of the best sources of news about private equity looting in the world. Writing for the Prospect, Luke Goldstein picks up Dayen's story, ten years on:

https://prospect.org/economy/2024-05-22-raiding-red-lobster/

It's not pretty. Ten years of being bled out on rents and flipped from one hedge fund to another has killed Red Lobster. It just shuttered 50 restaurants and declared Chapter 11 bankruptcy. Ten years hasn't changed much; the same kind of snark that was deployed at the news of Olive Garden's imminent demise is now being hurled at Red Lobster.

Instead of dunking on free bread-sticks, Red Lobster's grave-dancers are jeering at "Endless Shrimp," a promotional deal that works exactly how it sounds like it would work. Endless Shrimp cost the chain $11m.

Which raises a question: why did Red Lobster make this money-losing offer? Are they just good-hearted slobs? Can't they do math?

Or, you know, was it another hedge-fund, bust-out scam?

Here's a hint. The supplier who provided Red Lobster with all that shrimp is Thai Union. Thai Union also owns Red Lobster. They bought the chain from Golden Gate Capital, last seen in 2014, holding a flash-sale on all of Red Lobster's buildings, pocketing billions, and cutting Red Lobster's earnings in half.

Red Lobster rose to success – 700 restaurants nationwide at its peak – by combining no-frills dining with powerful buying power, which it used to force discounts from seafood suppliers. In response, the seafood industry consolidated through a wave of mergers, turning into a cozy cartel that could resist the buyer power of Red Lobster and other major customers.

This was facilitated by conservation efforts that limited the total volume of biomass that fishers were allowed to extract, and allocated quotas to existing companies and individual fishermen. The costs of complying with this "catch management" system were high, punishingly so for small independents, bearably so for large conglomerates.

Competition from overseas fisheries drove consolidation further, as countries in the global south were blocked from implementing their own conservation efforts. US fisheries merged further, seeking economies of scale that would let them compete, largely by shafting fishermen and other suppliers. Today's Alaskan crab fishery is dominated by a four-company cartel; in the Pacific Northwest, most fish goes through a single intermediary, Pacific Seafood.

These dominant actors entered into illegal collusive arrangements with one another to rig their markets and further immiserate their suppliers, who filed antitrust suits accusing the companies of operating a monopsony (a market with a powerful buyer, akin to a monopoly, which is a market with a powerful seller):

https://www.classaction.org/news/pacific-seafood-under-fire-for-allegedly-fixing-prices-paid-to-dungeness-crabbers-in-pacific-northwest

Golden Gate bought Red Lobster in the midst of these fish wars, promising to right its ship. As Goldstein points out, that's the same promise they made when they bought Payless shoes, just before they destroyed the company and flogged it off to Alden Capital, the hedge fund that bought and destroyed dozens of America's most beloved newspapers:

https://pluralistic.net/2021/10/16/sociopathic-monsters/#all-the-news-thats-fit-to-print

Under Golden Gate's management, Red Lobster saw its staffing levels slashed, so diners endured longer wait times to be seated and served. Then, in 2020, they sold the company to Thai Union, the company's largest supplier (a transaction Goldstein likens to a Walmart buyout of Procter and Gamble).

Thai Union continued to bleed Red Lobster, imposing more cuts and loading it up with more debts financed by yet another private equity giant, Fortress Investment Group. That brings us to today, with Thai Union having moved a gigantic amount of its own product through a failing, debt-loaded subsidiary, even as it lobbies for deregulation of American fisheries, which would let it and its lobbying partners drain American waters of the last of its depleted fish stocks.

Dayen's 2020 must-read book Monopolized describes the way that monopolies proliferate, using the US health care industry as a case-study:

https://pluralistic.net/2021/01/29/fractal-bullshit/#dayenu

After deregulation allowed the pharma sector to consolidate, it acquired pricing power of hospitals, who found themselves gouged to the edge of bankruptcy on drug prices. Hospitals then merged into regional monopolies, which allowed them to resist pharma pricing power – and gouge health insurance companies, who saw the price of routine care explode. So the insurance companies gobbled each other up, too, leaving most of us with two or fewer choices for health insurance – even as insurance prices skyrocketed, and our benefits shrank.

Today, Americans pay more for worse healthcare, which is delivered by health workers who get paid less and work under worse conditions. That's because, lacking a regulator to consolidate patients' interests, and strong unions to consolidate workers' interests, patients and workers are easy pickings for those consolidated links in the health supply-chain.

That's a pretty good model for understanding what's happened to Red Lobster: monopoly power and monopsony power begat more monopolies and monoposonies in the supply chain. Everything that hasn't consolidated is defenseless: diners, restaurant workers, fishermen, and the environment. We're all fucked.

Decent, no-frills family restaurant are good. Great, even. I'm not the world's greatest fan of chain restaurants, but I'm also comfortably middle-class and not struggling to afford to give my family a nice night out at a place with good food, friendly staff and reasonable prices. These places are easy pickings for looters because the people who patronize them have little power in our society – and because those of us with more power are easily tricked into sneering at these places' failures as a kind of comeuppance that's all that's due to tacky joints that serve the working class.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/05/23/spineless/#invertebrates

[bogleech]

I slowed down Rock Lobster because I suspected the results would be special and if you can't listen to audio right now I've drawn a visual representation for you:

[plaguedocboi]

NEW LOBBER ALERT!!!!

He’s being housed at the oceanarium temporarily so I’m going to have to go visit him

[thirstywaffles]

Coming soon in theaters near you

[clowns0up-felix]

‼️FLASH WARNING‼️

MAKING THIS FELT LIKE A FEWER DREAM, I started as soon as I found out about the game, worked for five days straight, no pause, NEVER finished it

I prob won’t finish it in the future either so I’m just posting it like this

Puppet link content let’s gooo!

Song is Lobster by RJ Pasin

[thefoilguy]

Lobster - Aluminum Foil Sculpture