The only way that the American public would actually care about this case is if the NSA was sharing the data with the IRS. Then you might here a public outcry. All those ebay sells listed on your tax return?
Why not do both. As the money is paid back every month put it in a money market account. Corus bank and GMAC is paying 4.74 that will get you $1250. Of course the best option would be to just reinvest the proceeds back into another 10% prosper loan. That way at the end of 3 years you will have $1300.
I'm collecting Statistics on Prosper.com by web scraping the data. Check out http://www.savagenumber.com/ for stats.
7.32-.5 is still 6.82% return. Better most money market accounts and this rate is usually reserver for AA borrowers who tend to have a 0.2% default rate. So if you have say $25000 and invest $50 in $1000 AA loans at 7.32% (again the lowest common rate) you are looking at an expected return of 6.62%
Of course the loans with the best payoff appear to Be 'D' rated loans. They're rate is about 20% with a default rate of 6.2% giving you a 15.3% return (16.2-.5-6.2 = 15.3%) Now go to your financial advisor and ask what are the chances of having a return of 15.3% return after fees with a potential upside of 19.5%.
I'm in for $2500 so far and I've had very positive experience. I've already had one loan paid back in full and all but one of 29 (15 of which has had a payment due) loans has not paid. I'm getting an average 14% return. Prosper does a lot of the credit checks for each loan. Beyond the credit score they track current lates and 90 day lates in the last 7 years on people's credit report. If the loan does turn out to be a deadbeat the loan gets turned over to a collection agency and Prosper handles the paperwork involved to ding the person's credit. Prosper also allows you to spread your risk by investing small amounts(no less than $50) into lots of loans. Why should banks be the only ones getting 10-15% returns on loans. Lenders are also starting to form informal groups (some are invitation only) where they research the borrowers and score them for the high risk high return loans. I'm also collecting stats at http://www.savagenumber.com./
Just imagine. You buy an intel based MAC because it looks cool and works well. But through a VMware package users will be able to run those few Windows applications they can't do without.
You know why she's bitchin. As long as the DRM market is based on two different file formats the defacto mp3 standard still lives. I believe they figure that when 90% of the online music market is compatible as far as DRM music goes it will make the whole mp3 format more outlawish. Maybe sue digital music player companies because that still support mp3, ogg and any other non-DRM format.
Marshall brain makes one major error. He assumes all gains in productivity go directly to the shareholders. If there is a large amount of available capital. (which there will be in Marshall's world.) Then when a business is hugely profitable or hugely inefficient competitors will enter the market and thus will drive down prices. (see walmart). So yes jobs will be eliminated. But also prices will be driven down making everything more afordable. So those who still have jobs will find that they are wealthier and buy more stuff (or work less) thus creating jobs.
This all sounds interesting. However what would be really useful is a way to translate this to a resume. The number of years in a certain language does not really translate well to being a good fit for a position. If working on open source projects and building a lot of OS Karma would help people get jobs then you would see a big rise in the quality and effort of open source projects.
I'm sorry but other than the fight scenes (which have been cloned to death) Matrix sucked. Maybe it was because I waited till it was on Video and during that time everyone built it up. I just don't understand why it is such a big deal for the hacker set.
I want to see a book about tips & tricks to data mine the web. Prefably with Perl. Case studies as well. Lots of case studies.
A half-way intelligent Jon Katz post.
on
The Drone War
·
· Score: 1
I can't believe Mr. Katz wrote a whole article without once mentioning Seattle. These are strange times indeed.
As far as no ground troops go, this is ridiculous. Many other have mentioned the Northern Alliance troops. This is certainly new and worth mentioning. If this works well it will change American War forever.
Also this is/was an economic war mostly. The guy who has the most cash * 'willingness to die' wins. We overpowered their 'willingness to die' with our cash. End of story.
A more interesting topic would be when is terrorism terrorism or is it just plain old rebellion
Funny you should mention that.
I am a contracting with a former employer. We develop Unix based MES/MRP systems. We recently redid our software to run on Linux. check out IBSS
If you want to speak with a Salesmen I can give you his name privately, email me at tj@atlantageek.com
Hi All,
Another unemplyed geek here. I wrote a set of perl scripts that graphed the # of Jobs available on computerjobs.com for several cities. It is on the main page of AtlantaGeek.com
I read your article 'parable of umbrellas and taxi cabs'. A great concept, something that I have not encountered in economics before. I am intrigued by the approach that the O.C.E.A.N. Project has taken for a futures market in CPU cycles.
Slashdot Mirror
The only way that the American public would actually care about this case is if the NSA was sharing the data with the IRS. Then you might here a public outcry. All those ebay sells listed on your tax return?
Why not do both. As the money is paid back every month put it in a money market account. Corus bank and GMAC is paying 4.74 that will get you $1250. Of course the best option would be to just reinvest the proceeds back into another 10% prosper loan. That way at the end of 3 years you will have $1300.
Maybe your country should have given up your communist ways earlier.
I'm collecting Statistics on Prosper.com by web scraping the data. Check out http://www.savagenumber.com/ for stats.
7.32-.5 is still 6.82% return. Better most money market accounts and this rate is usually reserver for AA borrowers who tend to have a 0.2% default rate. So if you have say $25000 and invest $50 in $1000 AA loans at 7.32% (again the lowest common rate) you are looking at an expected return of 6.62%
Of course the loans with the best payoff appear to Be 'D' rated loans. They're rate is about 20% with a default rate of 6.2% giving you a 15.3% return (16.2-.5-6.2 = 15.3%) Now go to your financial advisor and ask what are the chances of having a return of 15.3% return after fees with a potential upside of 19.5%.
I'm in for $2500 so far and I've had very positive experience. I've already had one loan paid back in full and all but one of 29 (15 of which has had a payment due) loans has not paid. I'm getting an average 14% return.
Prosper does a lot of the credit checks for each loan. Beyond the credit score they track current lates and 90 day lates in the last 7 years on people's credit report.
If the loan does turn out to be a deadbeat the loan gets turned over to a collection agency and Prosper handles the paperwork involved to ding the person's credit.
Prosper also allows you to spread your risk by investing small amounts(no less than $50) into lots of loans.
Why should banks be the only ones getting 10-15% returns on loans.
Lenders are also starting to form informal groups (some are invitation only) where they research the borrowers and score them for the high risk high return loans.
I'm also collecting stats at http://www.savagenumber.com./
Just imagine. You buy an intel based MAC because it looks cool and works well. But through a VMware package users will be able to run those few Windows applications they can't do without.
You know why she's bitchin. As long as the DRM market is based on two different file formats the defacto mp3 standard still lives. I believe they figure that when 90% of the online music market is compatible as far as DRM music goes it will make the whole mp3 format more outlawish. Maybe sue digital music player companies because that still support mp3, ogg and any other non-DRM format.
Marshall brain makes one major error. He assumes all gains in productivity go directly to the shareholders. If there is a large amount of available capital. (which there will be in Marshall's world.) Then when a business is hugely profitable or hugely inefficient competitors will enter the market and thus will drive down prices. (see walmart). So yes jobs will be eliminated. But also prices will be driven down making everything more afordable. So those who still have jobs will find that they are wealthier and buy more stuff (or work less) thus creating jobs.
This all sounds interesting. However what would be really useful is a way to translate this to a resume. The number of years in a certain language does not really translate well to being a good fit for a position. If working on open source projects and building a lot of OS Karma would help people get jobs then you would see a big rise in the quality and effort of open source projects.
I check slashdot from the office. I only have a windows maching on my desk. Though I make sure I use mozilla.
I'm sorry but other than the fight scenes (which have been cloned to death) Matrix sucked. Maybe it was because I waited till it was on Video and during that time everyone built it up. I just don't understand why it is such a big deal for the hacker set.
I want to see a book about tips & tricks to data mine the web. Prefably with Perl. Case studies as well. Lots of case studies.
I can't believe Mr. Katz wrote a whole article without once mentioning Seattle. These are strange times indeed.
As far as no ground troops go, this is ridiculous. Many other have mentioned the Northern Alliance troops. This is certainly new and worth mentioning. If this works well it will change American War forever.
Also this is/was an economic war mostly. The guy who has the most cash * 'willingness to die' wins. We overpowered their 'willingness to die' with our cash. End of story.
A more interesting topic would be when is terrorism terrorism or is it just plain old rebellion
Funny you should mention that. I am a contracting with a former employer. We develop Unix based MES/MRP systems. We recently redid our software to run on Linux. check out IBSS
If you want to speak with a Salesmen I can give you his name privately, email me at tj@atlantageek.com
Hi All,
Another unemplyed geek here. I wrote a set of perl scripts that graphed the # of Jobs available on computerjobs.com for several cities. It is on the main page of AtlantaGeek.com
I read your article 'parable of umbrellas and taxi cabs'. A great concept, something that I have not encountered in economics before. I am intrigued by the approach that the O.C.E.A.N. Project has taken for a futures market in CPU cycles.
As a percentage of the GNP, how big should the government budget be?