Exactly. I'd probably qualify, but I always saw MENSA members as needing to see themselves as better than others, rather than part of society. It seems logical for that insecurity to be correlated with depression.
I chose that link because the source (Fairfax) has a vested interest in keeping property prices high and downplaying the impact of Chinese investment (their only profitable division is Domain, their real estate group). Fairfax have a vested interest in downplaying the role of Chinese investment as their business model benefits from high property prices - population pressures in major cities are causing increasing levels of racism in Australia right now, and blowback against Chinese investment could reduce their slice of the money flowing through the property market.
As I posted elsewhere, the Australian residential property market has a total capitalisation of about 6 trillion, and properties are held for an average of 10 years (Source), so a good estimate for the yearly turnover is 600 billion. 31 billion (excluding money channelled through tax havens) is 5% of total turnover, which is concentrated in Sydney and Melbourne. The decline they are projecting is a wild-ass guess given statistics for the year aren't available yet.
If you add an extra 5% in demand for a finite resource, it will absolutely make a difference to prices, because people will bid higher to purchase houses. Do you have any evidence that it won't; or are you going off gut feel?
The Australian residential property market has a total capitalisation of about 6 trillion. However, on average, properties are held for 10 years (Source), so a good estimate for the yearly turnover is 600 billion. 31 billion (excluding money channelled through tax havens) is 5% of total turnover, which is concentrated in Sydney and Melbourne.
If you add an extra 5% in demand, it will absolutely push prices up by more than that 5%, because people will bid higher to purchase houses.
Iran is (unfairly) vilified in the US press, ever since the overthrow of the Shah. The reality is, Saudi Arabia is far more repressive and brutal towards minorities, but because they are a US ally it is ignored.
On a personal note, I know plenty of Iranian women. Most of them I would argue are "uppity", but they also happily travel back to Iran every year or two on holidays.
They sold the pre mined coins off prior to launch to fund development. Hardly a scam, and everyone knew the distribution and what they were getting into.
I had a problematic parking brake which didn't securely hold the cable. It would hold the car fine, but every time the brake was engaged it would get slightly looser, so it needed adjustment every couple of months.
That is completely legal in Australia, so most people pay for prostitutes with credit cards. They typically use a discreet business name that looks like a restaurant or hotel though.
I don't defend those practices; the post was aiming to inform objectively rather than to advocate one way or the other.
However, time is money, and rewriting accounting and expenditure rules typically require very high level (expensive) approval, so it might end up costing thousands once the cost of rewriting the procedures is included. It's hard to justify if there are only a few edge cases.
For context, I work at a large multinational not based in the US.
We have different approval requirements for capital expenditure versus operating expenses (and in my country, different tax treatments as well). It may be easier for the person responsible for procurement to order a recurring monthly expense than justify a capex spend, especially if the monthly spend is below an approval threshold. It may even be cheaper given the paperwork required.
Coming from a country where university teams are barely funded and play in the local leagues, I had always found the level funding of college sport in the US bizarre. Thank you for explaining it to me.
Not just that - you can't focus anywhere but where the camera is focused. The 3D they tried to sell us showed difference in depth between the foreground and background, but was still blurry even when you try to look at it, unless you were only viewing animated films. This meant that watching 3D movies simply took more effort, as parts of the screen moved in and out of focus.
I do, but it could have missed out on a spot of my local news for any number of reasons - like a domestic political scandal or election happening at the same time. Not everything should necessarily be ascribed to malice or conspiracy.
There are other personal reasons why someone might miss out on a news story, including holiday, travel, family emergency, or illness.
The principal reason fiat currencies are managed for low inflation is to produce steady nominal economic growth, and encourage investment and redistribution of funds. This isn't necessary for bitcoin, because it doesn't need to replace fiat currency to have value.
For example, Bitcoin offers a way to transfer funds in and out of war zones and political hot spots. Our existing monetary system breaks down in these cases, as trust breaks down, government stop operating, and the local fiat currency becomes worthless. Also, fiat is worthless if the government doesn't like you - just look at what happened to Wikileaks. The US government had their bank and PayPal accounts shut down and they were forced to rely on bitcoin donations.
It is normal for investors to hold a percentage of higher risk assets, and to hold financial instruments for purposes other than long term growth, such as hedging contracts to protect against currency fluctuations.
In BTC's case, holding it offers certain characteristics that are hard to get in other asset classes. To someone managing a fund or portfolio, these characteristics have little to do with the technology itself, and everything to how the bitcoin price responds to international events.
In recent years, the bitcoin price has risen when uncertainty around the global economic system is high, or a country (read China) is trying to restrict money flow across its borders. Given recent worries about the US president-elect starting a trade war, bitcoin outperformance at the same time as a strong US dollar (hence a low gold price) is a foreseeable outcome.
None of this is to say bitcoin has any inherent value. However, the fact that its price has reacted to world events in predictable ways has meant that it has been a useful financial instrument.
In AC's defence, I'd never heard of that scandal either. Widely reported =/= reported internationally, especially as the root cause appears to be cultural issues specific to the UK.
And to complete the logic, any law which made organ donation mandatory is in line with the 1918 judgement provided that the law is worded and understood such that it is a citizens "noble duty".
Of course, today's interpretation may be completely different.
But the fact that the power hasn't been exercised isn't the point. The law is still on the books, so the state all has "ownership" and can in theory send you off to you to do whatever they want.
Your Supreme Court considered this different to slavery only because serving in the armed forces is an "honour".
http://caselaw.findlaw.com/us-...
Slashdot Mirror
Exactly. I'd probably qualify, but I always saw MENSA members as needing to see themselves as better than others, rather than part of society. It seems logical for that insecurity to be correlated with depression.
I chose that link because the source (Fairfax) has a vested interest in keeping property prices high and downplaying the impact of Chinese investment (their only profitable division is Domain, their real estate group). Fairfax have a vested interest in downplaying the role of Chinese investment as their business model benefits from high property prices - population pressures in major cities are causing increasing levels of racism in Australia right now, and blowback against Chinese investment could reduce their slice of the money flowing through the property market.
As I posted elsewhere, the Australian residential property market has a total capitalisation of about 6 trillion, and properties are held for an average of 10 years (Source), so a good estimate for the yearly turnover is 600 billion. 31 billion (excluding money channelled through tax havens) is 5% of total turnover, which is concentrated in Sydney and Melbourne. The decline they are projecting is a wild-ass guess given statistics for the year aren't available yet.
If you add an extra 5% in demand for a finite resource, it will absolutely make a difference to prices, because people will bid higher to purchase houses. Do you have any evidence that it won't; or are you going off gut feel?
The Australian residential property market has a total capitalisation of about 6 trillion. However, on average, properties are held for 10 years (Source), so a good estimate for the yearly turnover is 600 billion. 31 billion (excluding money channelled through tax havens) is 5% of total turnover, which is concentrated in Sydney and Melbourne.
If you add an extra 5% in demand, it will absolutely push prices up by more than that 5%, because people will bid higher to purchase houses.
Source?
Here is a pro property bubble website claiming that Chinese investment into Australia is about 31 billion per year.
An additional 31 billion into a finite resource increases prices across the board. What is your logic for claiming it has no effect?
My source.
Completely unnecessary use of Godwin's law there.
This is more likely to be George Bush's fault.
The historical parallels are fascinating, to be honest. I'm just waiting for a completely unsuspicious fire at the Reich^H^H^H^H^H Congress.
Not even. He was a Canadian citizen, but the US government were trying to extradite him.
Iran is (unfairly) vilified in the US press, ever since the overthrow of the Shah. The reality is, Saudi Arabia is far more repressive and brutal towards minorities, but because they are a US ally it is ignored.
On a personal note, I know plenty of Iranian women. Most of them I would argue are "uppity", but they also happily travel back to Iran every year or two on holidays.
They sold the pre mined coins off prior to launch to fund development. Hardly a scam, and everyone knew the distribution and what they were getting into.
I had a problematic parking brake which didn't securely hold the cable. It would hold the car fine, but every time the brake was engaged it would get slightly looser, so it needed adjustment every couple of months.
That is completely legal in Australia, so most people pay for prostitutes with credit cards. They typically use a discreet business name that looks like a restaurant or hotel though.
Not really. That has been legal here for a long time so there isn't that much money in it.
I don't defend those practices; the post was aiming to inform objectively rather than to advocate one way or the other.
However, time is money, and rewriting accounting and expenditure rules typically require very high level (expensive) approval, so it might end up costing thousands once the cost of rewriting the procedures is included. It's hard to justify if there are only a few edge cases.
For context, I work at a large multinational not based in the US.
We have different approval requirements for capital expenditure versus operating expenses (and in my country, different tax treatments as well). It may be easier for the person responsible for procurement to order a recurring monthly expense than justify a capex spend, especially if the monthly spend is below an approval threshold. It may even be cheaper given the paperwork required.
Coming from a country where university teams are barely funded and play in the local leagues, I had always found the level funding of college sport in the US bizarre.
Thank you for explaining it to me.
Not just that - you can't focus anywhere but where the camera is focused. The 3D they tried to sell us showed difference in depth between the foreground and background, but was still blurry even when you try to look at it, unless you were only viewing animated films. This meant that watching 3D movies simply took more effort, as parts of the screen moved in and out of focus.
I do, but it could have missed out on a spot of my local news for any number of reasons - like a domestic political scandal or election happening at the same time. Not everything should necessarily be ascribed to malice or conspiracy.
There are other personal reasons why someone might miss out on a news story, including holiday, travel, family emergency, or illness.
The principal reason fiat currencies are managed for low inflation is to produce steady nominal economic growth, and encourage investment and redistribution of funds. This isn't necessary for bitcoin, because it doesn't need to replace fiat currency to have value.
For example, Bitcoin offers a way to transfer funds in and out of war zones and political hot spots. Our existing monetary system breaks down in these cases, as trust breaks down, government stop operating, and the local fiat currency becomes worthless. Also, fiat is worthless if the government doesn't like you - just look at what happened to Wikileaks. The US government had their bank and PayPal accounts shut down and they were forced to rely on bitcoin donations.
It is normal for investors to hold a percentage of higher risk assets, and to hold financial instruments for purposes other than long term growth, such as hedging contracts to protect against currency fluctuations. In BTC's case, holding it offers certain characteristics that are hard to get in other asset classes. To someone managing a fund or portfolio, these characteristics have little to do with the technology itself, and everything to how the bitcoin price responds to international events. In recent years, the bitcoin price has risen when uncertainty around the global economic system is high, or a country (read China) is trying to restrict money flow across its borders. Given recent worries about the US president-elect starting a trade war, bitcoin outperformance at the same time as a strong US dollar (hence a low gold price) is a foreseeable outcome. None of this is to say bitcoin has any inherent value. However, the fact that its price has reacted to world events in predictable ways has meant that it has been a useful financial instrument.
In AC's defence, I'd never heard of that scandal either. Widely reported =/= reported internationally, especially as the root cause appears to be cultural issues specific to the UK.
And to complete the logic, any law which made organ donation mandatory is in line with the 1918 judgement provided that the law is worded and understood such that it is a citizens "noble duty". Of course, today's interpretation may be completely different.
But the fact that the power hasn't been exercised isn't the point. The law is still on the books, so the state all has "ownership" and can in theory send you off to you to do whatever they want. Your Supreme Court considered this different to slavery only because serving in the armed forces is an "honour". http://caselaw.findlaw.com/us-...
Don't you have National Service in the USA? Seems pretty close to "the State owning your body" to me.
Sensory Lab in Melbourne.