Ask yourself: "what product do insurance companies offer in terms of health care?" What do they create? How do they contribute to health care? When it comes down to it, health insurance companies are not in business to provide health care or help you pay for health care. They are in business to provide insurance, collect money, minimize any payout and answer to their shareholders who expect the system to turn a healthy profit. Any reduction in what they have to pay out is money earned for them."
I think this is the blindingly obvious truth that managed to stay off media front page. Insurance industry argue that they help contain cost, but in reality, they squeeze physicians and fleece the consumers. Anyone know the figures they spent on legal expense and lobbying?
Economics is a branch of sociology. Do you know what a boom is? It's when everyone decides or manage to convince themselves to produce a lot and consume a lot. Bust is pretty much the opposite.
Here's another. What is money? Why would the baker give me a good loaf of bread for some paper pieces? Follow the chain down and see if you can find the end.
A man bangs out a cooking pot, spends a dollar in buying copper and sells the pot for two dollar. That adds a dollar to GDP. The homeowner decides to plant a tree so pays a guy to dig a hole in the garden. Later he decides not to, and pays another guy a dollar to fill the hole back up. The homeowner has added two dollars to GDP.
Btw, Greenspan did oppose regulation updates to monitor new-fangled instruments like MBS and CDS, and hence his mea-culpa in Congress.
I just don't get it. They basically reinvented IRC and instant messaging poorly and put it on the web. Hm, okay, but why do the unwashed masses flock to it like that?
1. Stuck it on the web.
2. They do this with cellphone (I think?)
Come on. Little changes like these every now and then turned out to make all the difference.
Having said that, I, too, can't grok what the fuss for that thing is all about. Whoever fronted up the money had better know something we don't.
Europe turned her back on Turkey, not Turkey on Europe.
Once in power, Erdogan and AK Party, an Islamist party, put a major effort into instituting reforms to meet European conditions for joining EU, but it became clear Europe did not see Turkey as European and would not admit her into EU no matter what. Contrast this with EU's admission of Bulgaria and Romania, two neighboring countries that are much more corrupt and poor.
Instead of gov't funding such a socialist venture, I say use the market. Buy an insurance from a private enterprise, say AIG, because we all know that they're too big to fail.
All you patriotic, Pro-America Americans would agree - LET THE MARKET DO ITS WORK. Say NO to commie schemes like this.
There was a *lot* of fraud in the subprime market. After the fact, a lot of people will be going to jail, but nothing was done to prevent liar loans a ninja loans until after the crises, and even then it's a market reaciton, not new regulation, that's put a stop to that BS.
Fraud is non-compliance with the rules, i.e. the regulations. Its prevention relies largely on the principals doing their part. Banks gave out those loans because they could package them and sell them off. Same with rating - no explicit laws require bond rating, or that ratings be any good. "The market", as it were, encouraged the whole fiasco, and market reaction didn't "put a stop to that BS", it actually went schizo and credit market FROZE UP, hurting a whole lot of non-financial businesses that had nothing to do with this bubble. That's why finance need to be regulated differently.
Models themselves, and the blind faith in "the market". When the model's wrong, quality of data becomes irrelevant - "not even wrong" (Pauli, I think).
Well, "the market" did sorta work - by eventually bringing down the crash, but gov't softened (and lengthened) it by bailing out the banks. But that's just semantic rubbish, of course.
Slashdot Mirror
Congrats to open/safe bsd guys. Just a bit momentarily confused because of version number 4.4 - as if we were back in the '90s.
I think this is the blindingly obvious truth that managed to stay off media front page. Insurance industry argue that they help contain cost, but in reality, they squeeze physicians and fleece the consumers. Anyone know the figures they spent on legal expense and lobbying?
The moron says what?
COL is not a word. What you meant is SOL. Anyways...
Get out! What are these categories with non-crap stories? Damn, I must have been missing out.
Australia is an unspoiled America.
I don't know how to read this. That supposed to be complement or insult? To American or Australia?
Side nitpick. The standard of the 80's were MS-DOS + PC BIOS. I know - look at my handle.
That's nothing. I made a plugin to simulate internet experience from North Korea. I will release it if I can get on the slashdot front page.
Economics is a branch of sociology. Do you know what a boom is? It's when everyone decides or manage to convince themselves to produce a lot and consume a lot. Bust is pretty much the opposite.
Here's another. What is money? Why would the baker give me a good loaf of bread for some paper pieces? Follow the chain down and see if you can find the end.
A man bangs out a cooking pot, spends a dollar in buying copper and sells the pot for two dollar. That adds a dollar to GDP. The homeowner decides to plant a tree so pays a guy to dig a hole in the garden. Later he decides not to, and pays another guy a dollar to fill the hole back up. The homeowner has added two dollars to GDP.
Btw, Greenspan did oppose regulation updates to monitor new-fangled instruments like MBS and CDS, and hence his mea-culpa in Congress.
Get a pair and say it: you won't vote for a black candidate.
Dude, you are one sorry dumb ass. All that bullshit is long after I'm dead. Long after your sorry ass is dead.
Dumb ass.
1. Stuck it on the web.
2. They do this with cellphone (I think?)
Come on. Little changes like these every now and then turned out to make all the difference.
Having said that, I, too, can't grok what the fuss for that thing is all about. Whoever fronted up the money had better know something we don't.
The guy is a perfect twat for old geezers to come down hard with some hard history lessons.
A web 2.0 lesson: Shut the fuck up. ;-)
You know, we are the people that elect them.
That's what he said.
Europe turned her back on Turkey, not Turkey on Europe.
Once in power, Erdogan and AK Party, an Islamist party, put a major effort into instituting reforms to meet European conditions for joining EU, but it became clear Europe did not see Turkey as European and would not admit her into EU no matter what. Contrast this with EU's admission of Bulgaria and Romania, two neighboring countries that are much more corrupt and poor.
Um... I read Pentagon is funding research to be carried out by contractors. Lousy troll either way, though.
So it's an "underground lab" now, is it. I've better not catch you geeks smoking in the basement.
Instead of gov't funding such a socialist venture, I say use the market. Buy an insurance from a private enterprise, say AIG, because we all know that they're too big to fail.
All you patriotic, Pro-America Americans would agree - LET THE MARKET DO ITS WORK. Say NO to commie schemes like this.
Richard James should sue these thieving bastards. Being a star is no excuse, right RIAA?
Fraud is non-compliance with the rules, i.e. the regulations. Its prevention relies largely on the principals doing their part. Banks gave out those loans because they could package them and sell them off. Same with rating - no explicit laws require bond rating, or that ratings be any good. "The market", as it were, encouraged the whole fiasco, and market reaction didn't "put a stop to that BS", it actually went schizo and credit market FROZE UP, hurting a whole lot of non-financial businesses that had nothing to do with this bubble. That's why finance need to be regulated differently.
Models themselves, and the blind faith in "the market". When the model's wrong, quality of data becomes irrelevant - "not even wrong" (Pauli, I think).
Well, "the market" did sorta work - by eventually bringing down the crash, but gov't softened (and lengthened) it by bailing out the banks. But that's just semantic rubbish, of course.
If we were intelligent, we would have set the clock to "lunch time" permanently.
OR. Just don't do it. I like my idea much better.
"If it's good for anything, it isn't art." So I was told by art students.