The iPhone did not change our lives. The Appstore did. And what made the Appstore successfull was the mortgage crises. Suddenly we had a lot of unemployed programmers willing to devote their coding time for free in hopes of winning the appstore lottery. A lot of coding got done for free which Apple could never have afforded to pay for and quantity has a quality of its own. Throw enough monkeys at a typewriter and you get hamlet. Throw enough unemployed coders at the appstore and you get innovative apps. With the economy recovering this free pool is no longer there. Dont blame Cook , blame the economy. For Apple's next spurt of growth we need another economic crash. Same with Uber- Uber's economic model only works if you have a lot of unemployed people who already own nice cars and need to make their car payments. Once the economy recovered Uber has been bleeding money to keep going. Either they will crack the self driving car puzzle or they will go bankrupt by 2020.
Of course Apple has positioned itself for success with the Apple Watch, Homepod and Home Automation frameworks. Now all it needs is another recession and an avalanche of unemployed programmers coding apps for free for these platforms to have Cook look like a visionary par excellence
You answered your own question "the company ran it's own shop in India.".
Captives suck at the outsourcing. People who are sent from Canada to run the captive are only there to enjoy the expat lifestyle.
Local managers are are looking to get transferred to the home office. Noone is interested in building talent.
They will hire bottom of the barrel to show short term cost savings or pay premium rates to keep the work going on as long as they dont have to do the hard work of getting offshoring to work.
At 25-30 dollars per hour an outsourcing company can pay 10 dollars per hour to its developers (including benefits) Spend another 10 on management/supervision, sales, training and have 10 dollars as profit. These are averaged across 3 years. The first 6 months there is no billing and the next 6 months people are generally unbilled buffers. They only start billing in their second year.
The problem with captives is the huge salaries given to those sent as expats leave the budget lopsided
In a marriage someone has to marry up and someone has to marry down. Traditionally men have married down as women have not really had real jobs. That has changed. Now women have equally good jobs so now some women need to marry down. But women have been brainwashed that the perfect man will earn more than them, be handsome, a great father and help around the house. The fairytale cannot happen for everyone. Some women computer engineers will have to marry baristas. Its not because there is a shortage of men, its because now women have equally good jobs and given the silicon valley costs and lifestyles 2 bristas getting married cannot afford to live here and 2 engineers getting married would be too busy to run a household.
If you are getting 100s of applications a day then you are paying too much. Reduce your salary. Move more of the package to stocks and vest those stocks after 3-4 years. The juniors interested in easy money will go elsewhere. The ones who stick with you 2-3 years will pay back the investment made in them
The solution is simple. Pay junior devs minimum wage + stocks which vest after 3 years. If they leave before they have paid back the investment made in them they worked at minimum wage for you. its still a loss but not a big loss.
There are no 10K programmers. Programmers in India are billed at 25-30 dollars per hour so around 50-60K. Its the benefits which prevent hiring junior developers at 60K to do routine work. Fix the Healthcare and Housing shortages and companies can again afford to hire junior developers. Currently companies hire junior developers just offshore and when thoe folks get good enough the companies bring them over on H1Bs. If the govt was to do a system like Germany where the govt pays part of the salaries of junior apprentices companies could still hire junior folks in the US. Till then its H1Bs or kids who went to do startups out of college and survived on ramen for a few years while gaining experience who are available as mid level devs and junior devs will be offshore
Companies in India make people sign a 3 year bond. The company will hire you and train you. The first year you are a drain on the companies resources but they make their money back in the next year and the third year is profit. The starting salaries are shit but you learn a hell of a lot. The kids are motivated and put in 16 hr days just so they can learn. Once they have doen 3 yrs in an Indian company (equivalent to 6 yrs in the US as they are putting in 16 hr days compared to 8 hr days) their salary is bumped up by 20% each year to keep them in the company or they are sent to the US for a 4-5X more salary. In this way an Indian company can retain a kid from graduation all the way upto his 30s while keeping costs pretty low. Around 30 these kids would now have greencards, families and enough skills and experience to go work for product startups, manage teams of vendor programmers or work for the client companies. In the US by trying to ensure workers' rights of 21 yr olds we have removed the bottom rung of the ladder. Rights are useless without a job
There is a simple solution to motivate Seniors to mentor Junior programmers. Have a cap on the aerage salary for the programming team. If there are no less paid junior programmers some senior need to get fired to get the average down. Voila problem solved. Now you may say you will move to a differnt company but the whole industry is doing the same You will say the work will not get done. Nope it can be done by outsourcing companies who do have senior devs invested in the success of juniors. It just may happen that with the breakdown of society in the US , where everyone is out to get their own, such companies might be based offshore
And this was before the TCJA. Now I can only deduct upto 10000 of the property taxes and 30000 of the mortgage interest so it becomes 5000 more expensive to buy so now renting and buying are even. I have also not included the fact that if I itemize to get the Mortgage interest deduction I lose my standard deduction. I have kept that out to keep it simple assuming that the additional state tax deductions balance out the 24000(they dont)
So even with making all assumptions in favor of buying vs renting, renting is still cheaper and more flexible.
Basically in a area where the House purchase Price/ Monthly rental Ratio is more than 40 buying doesnt make financial sense. I can still get the same school districts at the same cost and with higher flexibility and not having to worry about a housing crash or having to decide not to eat out or go to the movies because I have a 6000 dollar mortgage to pay (yes 3000 of that comes back but only 1000 comes back as tax refund, the rest comes back when you sell the house so in the meantime your cashflow is horrible).
Where I stay I pay 3000 USD a month for a house. If I were to buy the same it would be 1.2 million. With a 20% downpayment and a 1 million loan I would be paying 4000 in interest and another 1000 in principle for a 5000 a month mortgage for the same place and a 12000 dollar a year property tax so a total 6000 dollar a month. I would be getting 250 dollar tax benefit for the taxes and 1000 dollar a month benefit for the interest so my real mortgage payment would be 1000 principle+3750 a month. For this I will be blocking 200000 in investable assets as the downpayment. If I can get 8% a year on the 200000 I get 16000 a year . So renting is 25000 a year cheaper (750*12+16000). If the place appreciated by 2% a year I get 24000 a year in asset appreciation. Further this appreciation is tax free upto 500000 of capital gains whereas on my long term gains I would end up paying 20% capital gains so lets bump this by 25% so 30000.
So the net benefit of owning a house is 5000 a year or 400 dollars a month. For that I have to do the maintenance, worry about finding a renter if I have to move for job and be severely cashflow restricted.
It just doesnt make sense to buy here.
Also I am assuming 8% a year on the investable assets in this calculation and 2% a year house appreciation. Given how much the place has appreciated I dont see 2% appreciation going on . Long term housing prices have appreciated at 4% but with the 100% appreciation over the last 5 years things need to revert to mean. Also with Crypto investments I can do better than 8% (hopefully).
So I will buy my house when I can buy it cash rather than rent it from the bank(mortgage) instead of renting it from a landlord. At least the landlord does my maintenance. The bank doesnt .
Nah I just use my primary account and I keep only 50 dollars in my primary account. I pay everything (including utilities) using credit cards to get the points. Everytime my salary comes I pay off all my credit cards , rent and move whatever is left into my IRA. As I have Direct deposit of salary set up for this account I dont have a minimum balance requirement. So I am perpetually broke. It acts as a good psychological leash on useless spending. Yes I do have net Assets in the top 10% of Americans but that is a shockingly low number and all of it is tied up till age 62 or in crypto (which I am Hodling till Lambo). Emergencies? Thats what credit cards are for. Cant payoff the credit card thats what balance transfers and 0% cards are for. Only if I cant payoff the emergency for over a year will I take a 401K loan. Basically there is no reason to keep cash in your bank account and leave yourself open to hacking.
It looks like a hack to drive up the price of Crypto. A new age pump and dump. Instead of banding with a group of friends, hack coinbase accounts to buy the coin you are trying to pump. Even if Coinbase detects it and returns the funds after a few days you have succeeded in pumping up the coin. Litecoin went up 30% yesterday while rest of the market was up 10%
That doesnt ring true. Food is not cooked on plates. Its cooked in cooking utensils and the transferred to a plate by the kitchen. Why wouldnt the kitchen just transfer it to a box instead of a plate. No need to involve waiters
Windows is no more insecure than other systems. It just makes the news more as it is the preferred OS of morons. If the morons of the world were using Linux, the hackers would be targetting Linux and we would hear of new Linux hacks every day. Most hacks are due to something stupid a Windows user did which a Linux user would not.
You just gave me the idea for a new Crypto. Heres my whitepaper. MuskCoin can only be mined by launching a spaceship. One MuskCoin is 90 million dollars. I have already premined 0.5 MuskCoin as my fee for this Whitepaper
This is amnesty and one thing we have learnt is that Amnesty never solves a problem. It just encourages more people to do the same in the hope of the next Amnesty. Whether that is tax evasion by hiding profits in foreign subsidiaries or illegal immigration- an amnesty does not solve the issue.
Many cops stay on the force and admit no wrongdoing and public money is used to pay settlements to victims. At least for those cases where the city settles name and shame the culprits causing our taxes to go up.
Slashdot Mirror
The iPhone did not change our lives. The Appstore did. And what made the Appstore successfull was the mortgage crises. Suddenly we had a lot of unemployed programmers willing to devote their coding time for free in hopes of winning the appstore lottery. A lot of coding got done for free which Apple could never have afforded to pay for and quantity has a quality of its own. Throw enough monkeys at a typewriter and you get hamlet. Throw enough unemployed coders at the appstore and you get innovative apps. With the economy recovering this free pool is no longer there. Dont blame Cook , blame the economy. For Apple's next spurt of growth we need another economic crash.
Same with Uber- Uber's economic model only works if you have a lot of unemployed people who already own nice cars and need to make their car payments. Once the economy recovered Uber has been bleeding money to keep going. Either they will crack the self driving car puzzle or they will go bankrupt by 2020.
Of course Apple has positioned itself for success with the Apple Watch, Homepod and Home Automation frameworks. Now all it needs is another recession and an avalanche of unemployed programmers coding apps for free for these platforms to have Cook look like a visionary par excellence
You answered your own question "the company ran it's own shop in India.".
Captives suck at the outsourcing. People who are sent from Canada to run the captive are only there to enjoy the expat lifestyle.
Local managers are are looking to get transferred to the home office. Noone is interested in building talent.
They will hire bottom of the barrel to show short term cost savings or pay premium rates to keep the work going on as long as they dont have to do the hard work of getting offshoring to work.
At 25-30 dollars per hour an outsourcing company can pay 10 dollars per hour to its developers (including benefits) Spend another 10 on management/supervision, sales, training and have 10 dollars as profit. These are averaged across 3 years. The first 6 months there is no billing and the next 6 months people are generally unbilled buffers. They only start billing in their second year.
The problem with captives is the huge salaries given to those sent as expats leave the budget lopsided
A coding test is a must. However shares are not worthless if they are marked as retention based and vest on firing.
In a marriage someone has to marry up and someone has to marry down. Traditionally men have married down as women have not really had real jobs. That has changed. Now women have equally good jobs so now some women need to marry down. But women have been brainwashed that the perfect man will earn more than them, be handsome, a great father and help around the house. The fairytale cannot happen for everyone. Some women computer engineers will have to marry baristas. Its not because there is a shortage of men, its because now women have equally good jobs and given the silicon valley costs and lifestyles 2 bristas getting married cannot afford to live here and 2 engineers getting married would be too busy to run a household.
If you are getting 100s of applications a day then you are paying too much. Reduce your salary. Move more of the package to stocks and vest those stocks after 3-4 years. The juniors interested in easy money will go elsewhere. The ones who stick with you 2-3 years will pay back the investment made in them
The solution is simple. Pay junior devs minimum wage + stocks which vest after 3 years. If they leave before they have paid back the investment made in them they worked at minimum wage for you. its still a loss but not a big loss.
There are no 10K programmers. Programmers in India are billed at 25-30 dollars per hour so around 50-60K. Its the benefits which prevent hiring junior developers at 60K to do routine work. Fix the Healthcare and Housing shortages and companies can again afford to hire junior developers. Currently companies hire junior developers just offshore and when thoe folks get good enough the companies bring them over on H1Bs. If the govt was to do a system like Germany where the govt pays part of the salaries of junior apprentices companies could still hire junior folks in the US.
Till then its H1Bs or kids who went to do startups out of college and survived on ramen for a few years while gaining experience who are available as mid level devs and junior devs will be offshore
Companies in India make people sign a 3 year bond. The company will hire you and train you. The first year you are a drain on the companies resources but they make their money back in the next year and the third year is profit. The starting salaries are shit but you learn a hell of a lot. The kids are motivated and put in 16 hr days just so they can learn. Once they have doen 3 yrs in an Indian company (equivalent to 6 yrs in the US as they are putting in 16 hr days compared to 8 hr days) their salary is bumped up by 20% each year to keep them in the company or they are sent to the US for a 4-5X more salary. In this way an Indian company can retain a kid from graduation all the way upto his 30s while keeping costs pretty low. Around 30 these kids would now have greencards, families and enough skills and experience to go work for product startups, manage teams of vendor programmers or work for the client companies.
In the US by trying to ensure workers' rights of 21 yr olds we have removed the bottom rung of the ladder. Rights are useless without a job
There is a simple solution to motivate Seniors to mentor Junior programmers. Have a cap on the aerage salary for the programming team. If there are no less paid junior programmers some senior need to get fired to get the average down.
Voila problem solved.
Now you may say you will move to a differnt company but the whole industry is doing the same
You will say the work will not get done. Nope it can be done by outsourcing companies who do have senior devs invested in the success of juniors.
It just may happen that with the breakdown of society in the US , where everyone is out to get their own, such companies might be based offshore
Please dont joke about Apple Maps and cliffs. Too soon.
And this was before the TCJA. Now I can only deduct upto 10000 of the property taxes and 30000 of the mortgage interest so it becomes 5000 more expensive to buy so now renting and buying are even.
I have also not included the fact that if I itemize to get the Mortgage interest deduction I lose my standard deduction. I have kept that out to keep it simple assuming that the additional state tax deductions balance out the 24000(they dont)
So even with making all assumptions in favor of buying vs renting, renting is still cheaper and more flexible.
Basically in a area where the House purchase Price/ Monthly rental Ratio is more than 40 buying doesnt make financial sense. I can still get the same school districts at the same cost and with higher flexibility and not having to worry about a housing crash or having to decide not to eat out or go to the movies because I have a 6000 dollar mortgage to pay (yes 3000 of that comes back but only 1000 comes back as tax refund, the rest comes back when you sell the house so in the meantime your cashflow is horrible).
Where I stay I pay 3000 USD a month for a house. If I were to buy the same it would be 1.2 million. With a 20% downpayment and a 1 million loan I would be paying 4000 in interest and another 1000 in principle for a 5000 a month mortgage for the same place and a 12000 dollar a year property tax so a total 6000 dollar a month. I would be getting 250 dollar tax benefit for the taxes and 1000 dollar a month benefit for the interest so my real mortgage payment would be 1000 principle+3750 a month.
For this I will be blocking 200000 in investable assets as the downpayment. If I can get 8% a year on the 200000 I get 16000 a year .
So renting is 25000 a year cheaper (750*12+16000). If the place appreciated by 2% a year I get 24000 a year in asset appreciation. Further this appreciation is tax free upto 500000 of capital gains whereas on my long term gains I would end up paying 20% capital gains so lets bump this by 25% so 30000.
So the net benefit of owning a house is 5000 a year or 400 dollars a month. For that I have to do the maintenance, worry about finding a renter if I have to move for job and be severely cashflow restricted.
It just doesnt make sense to buy here.
Also I am assuming 8% a year on the investable assets in this calculation and 2% a year house appreciation. Given how much the place has appreciated I dont see 2% appreciation going on . Long term housing prices have appreciated at 4% but with the 100% appreciation over the last 5 years things need to revert to mean. Also with Crypto investments I can do better than 8% (hopefully).
So I will buy my house when I can buy it cash rather than rent it from the bank(mortgage) instead of renting it from a landlord. At least the landlord does my maintenance. The bank doesnt .
rentpad.com
Nah I just use my primary account and I keep only 50 dollars in my primary account. I pay everything (including utilities) using credit cards to get the points. Everytime my salary comes I pay off all my credit cards , rent and move whatever is left into my IRA. As I have Direct deposit of salary set up for this account I dont have a minimum balance requirement. So I am perpetually broke. It acts as a good psychological leash on useless spending. Yes I do have net Assets in the top 10% of Americans but that is a shockingly low number and all of it is tied up till age 62 or in crypto (which I am Hodling till Lambo). Emergencies? Thats what credit cards are for. Cant payoff the credit card thats what balance transfers and 0% cards are for. Only if I cant payoff the emergency for over a year will I take a 401K loan. Basically there is no reason to keep cash in your bank account and leave yourself open to hacking.
Buys Crypto Currency
Looks like an irresponsible idiot
I think the two go together. Your vendor got exactly the right impression.
But hey its the irresponsible idiots who change the world. I too have Crypto holdings :)
It looks like a hack to drive up the price of Crypto. A new age pump and dump. Instead of banding with a group of friends, hack coinbase accounts to buy the coin you are trying to pump. Even if Coinbase detects it and returns the funds after a few days you have succeeded in pumping up the coin. Litecoin went up 30% yesterday while rest of the market was up 10%
You sir just won the internets!!!!
As long as the standard characters are Telugu and you have to paste in English characters I am on board
That doesnt ring true. Food is not cooked on plates. Its cooked in cooking utensils and the transferred to a plate by the kitchen. Why wouldnt the kitchen just transfer it to a box instead of a plate. No need to involve waiters
All I am hearing is Asian kids got better grades than me so their culture must suck. Grow up
Windows is no more insecure than other systems. It just makes the news more as it is the preferred OS of morons. If the morons of the world were using Linux, the hackers would be targetting Linux and we would hear of new Linux hacks every day. Most hacks are due to something stupid a Windows user did which a Linux user would not.
The Voight-Kampff Test is used to capture non humans. Capture->Captcha->re Captcha. The name already pays homage
You just gave me the idea for a new Crypto. Heres my whitepaper. MuskCoin can only be mined by launching a spaceship. One MuskCoin is 90 million dollars. I have already premined 0.5 MuskCoin as my fee for this Whitepaper
This is amnesty and one thing we have learnt is that Amnesty never solves a problem. It just encourages more people to do the same in the hope of the next Amnesty. Whether that is tax evasion by hiding profits in foreign subsidiaries or illegal immigration- an amnesty does not solve the issue.
Many cops stay on the force and admit no wrongdoing and public money is used to pay settlements to victims. At least for those cases where the city settles name and shame the culprits causing our taxes to go up.