"Goodwill" merely means that the value of control of the organization (shareholder's equity), when last sold, was worth more than the total value of all it's paid-in-capital, retained earnings, and par value of the stock. As "Fedora 9" is a piece of intellectual property, and isn't a corporation itself, it can never have goodwill.
Sure, the brand has valuable copyrights and trademarks. All the non-released source code would technically be a "trade secret," which can also be valued as intellectual property. If they're talking about an operating unit that solely creates and refines Fedora 9, then that unit could have goodwill if it were first valued, then sold for more than its value.
The concept of "goodwill" arises because a lot of the value of an organization is in the way it is organized. If a company doesn't want to be bought, you can imagine the value of the company would go down (imagine how your productivity would change if your company was bought out by Microsoft...). Hence, you typically have to pay more - enough to keep people happy enough - hence you're buying "goodwill." Mind you, usually the people the acquirer is trying to keep happy are the upper management and board, not the employees...
Nuclear power isn't dangerous - bad engineering is dangerous. There's nothing special about nuclear power that makes it more dangerous than other industrial scale projects when engineered poorly.
Chernobyl was a massive engineering mistake, sure. But poor engineering of Chinese coal mines kills around 6000 per year. The Union Carbide pesticide plant in Bhopal, India leaked fumes, killing something like 15,000 people in 1984. The BASF fertilizer plant in Oppau, Germany blew up in 1921 killing like 600 people. In 1947, fertilizer in Texas City, TX blew up killing almost 600. Even Georgia in 2008 had a sugar refinery blown up this year, killing 42 people. Then there are more obvious cases, like several instances of explosives stockpiles blowing up and killing thousands of people.
Yet there's no rush to ban fertilizer, pesticides, or powdered sugar because of bad engineering - you just zone industrial facilities a safe distance from residential areas.
How many deaths in the Three Mile Island incident, the worst nuclear accident in the US? None. Meanwhile, around 20,000 people die per year in the US from air pollution caused by coal power plants. Lung cancer, asthma, bronchitis, allergies, heart attacks, strokes, heavy metal poisoning, and cancer are all exacerbated by air pollution.
Replace coal plants with nuclear plants, or else watch a million Americans die in your lifetime because you can't separate facts from fear.
In the 1960s and 1970s, American Conservatives were way ahead of the curve. Tax reform, welfare reform, free trade, deregulation. Now its the American Liberals that are stuck in yesteryear, yearning for the nostalgic 1970s stagflation. Clinton got it. Obama gets it - those old ideas his party is stuck in will never work.
Republicans aren't the Southern Baptists. They are also libertarians, business professionals, military leaders, and most Republicans are completely sane, patriotic, forward looking people. Democrats have socialists, who hang onto dead ideas of Lenin and Trotsky, and PETA activists telling Ben & Jerry's to use breast milk in ice cream. But they also have progressives and Bill Clintons.
You, sir, are correct. It is a large factor, but certainly not the whole story.
In 1/2008, we were at 4.6 house value-to-income, compared to 3.3 in 1/1990. So there is a need to account for a 39% increase in income deflated house values if we believe that this value should be constant. Adjusting for just medical compensation will account for about a third of this effect. By 7/2008, we were closer to 4.2 house value-to-income, or around 27%, where adjusting for medical compensation would be about half of the effect.
However, I think its unclear if this house value-to-income variable should be stable. Some of the financing innovation and government home ownership program effects may increase this ratio permanently. I'm not a real estate economist and I really don't know.
(Today's workers get about 28% of compensation in medical insurance [$8100 per capita in medical insurance, $51k median household income, 2.6 people per household, 16% uninsurance rate], while in 1990 that was about 19% [$2800 per capita in medical insurance, $30k median household income, 2.6 people per household, 14% uninsurance rate]. A little algebra shows a real wage dollar today is about 13% more compensation than a real wage dollar in 1990.
We went from CSXR of 82.3 in 1990 (median household income of $30k), to 100.0 in 1/2000 (median household income of $42k, median house value of $120k), to 196.1 in 1/2008 (median household income of $51k). Thus, we went from 3.3 house value-to-income in 1990, to 2.9 in 2000, to 4.6 in 1/2008.)
Wages have been frozen, but not compensation. The Average American's wage increases from productivity gains have been spent on medical insurance. The average doctor now makes more than the average CEO or average lawyer.
One part is Milton Friedman's argument on this issue - namely, that the AMA has been artificially reducing the nation's capacity to certify new doctors, making doctors artificially expensive. Another is that people feel entitled to survive heart attacks and cancer when a couple decades ago, you just accepted that you're gonna die.
The monetary expansion that fueled the home-buying binge started in late 2001. Overnight rates went from 6.54% in 7/2000 down to.98% in 12/2003, and by 1/2002 it was down to 1.73%, and the biggest changes in interest rates were over. So that's a convenient place to base our estimates of the "normal" price.
The historical real increase in housing value has been about 1.5% over the last century. The CSXR was at 123.93 in 1/2002. And the CSXR peaked at 226.29 in 6/2006. Since then, it has come down to 178.46 in 7/2008. So we're only down about 21%. CSXR is nominal, and using CPI-U to deflate it, we get a real increase of 17.4% in home prices using a real Case-Schiller variable over 6.5 years. This implies about another 7% real decrease left before the "normal" price is reached.
Of course, that "normal" doesn't account for the financial panic, which dries up mortgage lending, depressing demand. Stopping the panic is a far bigger issue today - this is the heart attack caused by the lifestyle. You give lifestyle advice after the shock panels.
While also correct that wages haven't gone up enough to justify housing values with historical home-to-income ratios, that is because medical insurance is a much larger component of compensation than it was a decade or two ago.
Housing prices will probably bottom in less than 12 months, and we'll see people happy to buy again once it hits the bottom. But I doubt speculators will be in the housing market since few people will have the bankroll and credit rating to get attractive loan terms on multiple properties like in days of yore.
Countrywide, Indymac and New Century are good examples to mortgage lenders of what will happen if you act like them. A couple new laws on mortgage exposure disclosure, and a lot of jail terms for fraudulent lenders and borrowers should keep the market realistic.
Democrats and Republicans have both become very good at choosing their positions based on what 51% of America wants - and when some part of their platform is unpopular, they change their ideology to get back to 50% of the vote.
How many need to compete to have the maximum competition? If someone else can do the same thing, you only need one person competing. And anyone can adopt any issue platform here.
That's the secret to American democracy - all candidates try to steal each others best ideas, and scrap their own worst ideas, and by election time, the country gets basically the same "issues" regardless of who is elected.
No one gets sued. Bloomberg doesn't guarantee accuracy, nor does Google. No one guarantees the price of a stock. The only people who lost money are people who took a loss without checking facts.
First off, no one ever said automated trading STARTED this.
Shados: You haven't heard of it because bots don't read news. Search Google News for "UAL bankruptcy," and search for ticker symbols. GOOG would naturally be sold if there were a program to sell when the word "bankruptcy" was mentioned. As would a bajillion other companies.
Humans reading news made unusual trades that caused bots to sell off the stock based on price moves or volume.
"Invest" means to commit money now in the expectation of a future positive return. It does not necessarily include risk - for example, investing in US Treasuries.
"Gamble" means to commit money now with the uncertain possibility of a positive return in some future period, which necessarily means the possibility of a negative (or zero) return.
Most stocks give a reasonable investor an expectation of a positive future return for some holding period. Unless they bought the stock in expectation of losing money (which seems unlikely), by definition they are investing.
You'll never know the truth, because there will never be a real investigation or hearing or trial. These won't happen because the truth is, it was intentional.
They could have done this quietly, and had him just "missing" - but they chose to make it a public statement.
It matters that the Ingush are Muslims, because part of the deal Bush cut with Putin in 2001 was that if he helped us bust "Muslim extremists" in Afghanistan, then we couldn't complain that he was systematically destroying "Muslim extremist" enclaves in Russia. Since we were kicked out of Uzbekistan, that deal no longer applies. Of course, the Russian behaviors haven't changed.
Russia is encouraging break-away regions of small ethnic enclaves (South Ossetia has about as many people in it as the Moscow Metro processes in five minutes) in Georgia, after it obliterated its own ethnic breakaway enclaves (eg the rubble that once was Grozny).
Since the Ingush are a samll, linguistically isolated groups as well (about an hour of Moscow Metro passengers), they all probably get their media from the same source. Russia wants to be the only source, so it can explain that Americans burn everyone alive and only Russians save people from genocide.
We don't have so many "countervalue" nuclear weapons anymore. Why bother nuking a tyrant's city, when that city could rise against the tyrant? Countervalue threats only work when a government really cares about its people, and that's when the US is statistically least likely to attack it.
"Counterforce" on the other hand, is literally about protecting the American people by destroying threats.
It's not Air Travel, think more like a flying crane. It'll be used for construction, unloading ships out of port, moving cargo over rough terrain, thinks like that.
It's called "an installment plan." Most doctors offer them. The real question these days is how do you get your payment after the patient declares bankruptcy...
The female ring finger locus is actually a quite recent evolutionary phenomenon. The "tradition" of a diamond wedding ring was started by DeBeers in the 1930's.
Slashdot Mirror
"Goodwill" merely means that the value of control of the organization (shareholder's equity), when last sold, was worth more than the total value of all it's paid-in-capital, retained earnings, and par value of the stock. As "Fedora 9" is a piece of intellectual property, and isn't a corporation itself, it can never have goodwill.
Sure, the brand has valuable copyrights and trademarks. All the non-released source code would technically be a "trade secret," which can also be valued as intellectual property. If they're talking about an operating unit that solely creates and refines Fedora 9, then that unit could have goodwill if it were first valued, then sold for more than its value.
The concept of "goodwill" arises because a lot of the value of an organization is in the way it is organized. If a company doesn't want to be bought, you can imagine the value of the company would go down (imagine how your productivity would change if your company was bought out by Microsoft...). Hence, you typically have to pay more - enough to keep people happy enough - hence you're buying "goodwill." Mind you, usually the people the acquirer is trying to keep happy are the upper management and board, not the employees...
Nuclear power isn't dangerous - bad engineering is dangerous. There's nothing special about nuclear power that makes it more dangerous than other industrial scale projects when engineered poorly.
Chernobyl was a massive engineering mistake, sure. But poor engineering of Chinese coal mines kills around 6000 per year. The Union Carbide pesticide plant in Bhopal, India leaked fumes, killing something like 15,000 people in 1984. The BASF fertilizer plant in Oppau, Germany blew up in 1921 killing like 600 people. In 1947, fertilizer in Texas City, TX blew up killing almost 600. Even Georgia in 2008 had a sugar refinery blown up this year, killing 42 people. Then there are more obvious cases, like several instances of explosives stockpiles blowing up and killing thousands of people.
Yet there's no rush to ban fertilizer, pesticides, or powdered sugar because of bad engineering - you just zone industrial facilities a safe distance from residential areas.
How many deaths in the Three Mile Island incident, the worst nuclear accident in the US? None. Meanwhile, around 20,000 people die per year in the US from air pollution caused by coal power plants. Lung cancer, asthma, bronchitis, allergies, heart attacks, strokes, heavy metal poisoning, and cancer are all exacerbated by air pollution.
Replace coal plants with nuclear plants, or else watch a million Americans die in your lifetime because you can't separate facts from fear.
In the 1960s and 1970s, American Conservatives were way ahead of the curve. Tax reform, welfare reform, free trade, deregulation. Now its the American Liberals that are stuck in yesteryear, yearning for the nostalgic 1970s stagflation. Clinton got it. Obama gets it - those old ideas his party is stuck in will never work.
Republicans aren't the Southern Baptists. They are also libertarians, business professionals, military leaders, and most Republicans are completely sane, patriotic, forward looking people. Democrats have socialists, who hang onto dead ideas of Lenin and Trotsky, and PETA activists telling Ben & Jerry's to use breast milk in ice cream. But they also have progressives and Bill Clintons.
FWIW, I'm a moderate, and proud of it.
You, sir, are correct. It is a large factor, but certainly not the whole story.
In 1/2008, we were at 4.6 house value-to-income, compared to 3.3 in 1/1990. So there is a need to account for a 39% increase in income deflated house values if we believe that this value should be constant. Adjusting for just medical compensation will account for about a third of this effect. By 7/2008, we were closer to 4.2 house value-to-income, or around 27%, where adjusting for medical compensation would be about half of the effect.
However, I think its unclear if this house value-to-income variable should be stable. Some of the financing innovation and government home ownership program effects may increase this ratio permanently. I'm not a real estate economist and I really don't know.
(Today's workers get about 28% of compensation in medical insurance [$8100 per capita in medical insurance, $51k median household income, 2.6 people per household, 16% uninsurance rate], while in 1990 that was about 19% [$2800 per capita in medical insurance, $30k median household income, 2.6 people per household, 14% uninsurance rate]. A little algebra shows a real wage dollar today is about 13% more compensation than a real wage dollar in 1990.
We went from CSXR of 82.3 in 1990 (median household income of $30k), to 100.0 in 1/2000 (median household income of $42k, median house value of $120k), to 196.1 in 1/2008 (median household income of $51k). Thus, we went from 3.3 house value-to-income in 1990, to 2.9 in 2000, to 4.6 in 1/2008.)
Wages have been frozen, but not compensation. The Average American's wage increases from productivity gains have been spent on medical insurance. The average doctor now makes more than the average CEO or average lawyer.
One part is Milton Friedman's argument on this issue - namely, that the AMA has been artificially reducing the nation's capacity to certify new doctors, making doctors artificially expensive. Another is that people feel entitled to survive heart attacks and cancer when a couple decades ago, you just accepted that you're gonna die.
No one who has money is willing to risk it. This is the definition of a credit crisis.
A few clarifications for you:
The monetary expansion that fueled the home-buying binge started in late 2001. Overnight rates went from 6.54% in 7/2000 down to .98% in 12/2003, and by 1/2002 it was down to 1.73%, and the biggest changes in interest rates were over. So that's a convenient place to base our estimates of the "normal" price.
The historical real increase in housing value has been about 1.5% over the last century. The CSXR was at 123.93 in 1/2002. And the CSXR peaked at 226.29 in 6/2006. Since then, it has come down to 178.46 in 7/2008. So we're only down about 21%. CSXR is nominal, and using CPI-U to deflate it, we get a real increase of 17.4% in home prices using a real Case-Schiller variable over 6.5 years. This implies about another 7% real decrease left before the "normal" price is reached.
Of course, that "normal" doesn't account for the financial panic, which dries up mortgage lending, depressing demand. Stopping the panic is a far bigger issue today - this is the heart attack caused by the lifestyle. You give lifestyle advice after the shock panels.
While also correct that wages haven't gone up enough to justify housing values with historical home-to-income ratios, that is because medical insurance is a much larger component of compensation than it was a decade or two ago.
Housing prices will probably bottom in less than 12 months, and we'll see people happy to buy again once it hits the bottom. But I doubt speculators will be in the housing market since few people will have the bankroll and credit rating to get attractive loan terms on multiple properties like in days of yore.
Countrywide, Indymac and New Century are good examples to mortgage lenders of what will happen if you act like them. A couple new laws on mortgage exposure disclosure, and a lot of jail terms for fraudulent lenders and borrowers should keep the market realistic.
Good job, Congress! Thanks to your failure to save the economy, energy use will decline.
Bankrupt companies don't have to worry about turning on their lights ever again.
Democrats and Republicans have both become very good at choosing their positions based on what 51% of America wants - and when some part of their platform is unpopular, they change their ideology to get back to 50% of the vote.
How many need to compete to have the maximum competition? If someone else can do the same thing, you only need one person competing. And anyone can adopt any issue platform here.
That's the secret to American democracy - all candidates try to steal each others best ideas, and scrap their own worst ideas, and by election time, the country gets basically the same "issues" regardless of who is elected.
No one gets sued. Bloomberg doesn't guarantee accuracy, nor does Google. No one guarantees the price of a stock. The only people who lost money are people who took a loss without checking facts.
First off, no one ever said automated trading STARTED this.
Shados: You haven't heard of it because bots don't read news. Search Google News for "UAL bankruptcy," and search for ticker symbols. GOOG would naturally be sold if there were a program to sell when the word "bankruptcy" was mentioned. As would a bajillion other companies.
Humans reading news made unusual trades that caused bots to sell off the stock based on price moves or volume.
"Invest" means to commit money now in the expectation of a future positive return. It does not necessarily include risk - for example, investing in US Treasuries.
"Gamble" means to commit money now with the uncertain possibility of a positive return in some future period, which necessarily means the possibility of a negative (or zero) return.
Most stocks give a reasonable investor an expectation of a positive future return for some holding period. Unless they bought the stock in expectation of losing money (which seems unlikely), by definition they are investing.
So it's gambling and investing.
Ingush, not Ingushetian
*Star flies overhead, with text trailing "The More You Know"*
You'll never know the truth, because there will never be a real investigation or hearing or trial. These won't happen because the truth is, it was intentional.
They could have done this quietly, and had him just "missing" - but they chose to make it a public statement.
It matters that the Ingush are Muslims, because part of the deal Bush cut with Putin in 2001 was that if he helped us bust "Muslim extremists" in Afghanistan, then we couldn't complain that he was systematically destroying "Muslim extremist" enclaves in Russia. Since we were kicked out of Uzbekistan, that deal no longer applies. Of course, the Russian behaviors haven't changed.
Russia is encouraging break-away regions of small ethnic enclaves (South Ossetia has about as many people in it as the Moscow Metro processes in five minutes) in Georgia, after it obliterated its own ethnic breakaway enclaves (eg the rubble that once was Grozny).
Since the Ingush are a samll, linguistically isolated groups as well (about an hour of Moscow Metro passengers), they all probably get their media from the same source. Russia wants to be the only source, so it can explain that Americans burn everyone alive and only Russians save people from genocide.
I think the developing world has other problems, like eating.
We don't have so many "countervalue" nuclear weapons anymore. Why bother nuking a tyrant's city, when that city could rise against the tyrant? Countervalue threats only work when a government really cares about its people, and that's when the US is statistically least likely to attack it.
"Counterforce" on the other hand, is literally about protecting the American people by destroying threats.
It's not Air Travel, think more like a flying crane. It'll be used for construction, unloading ships out of port, moving cargo over rough terrain, thinks like that.
"How much will it cost? I have no idea..." -quoted from page 27. http://www.launchloop.com/isdc2002loop.pdf
Why not just put carbon dioxide down there, and burn more coal?
It's called "an installment plan." Most doctors offer them. The real question these days is how do you get your payment after the patient declares bankruptcy...
The female ring finger locus is actually a quite recent evolutionary phenomenon. The "tradition" of a diamond wedding ring was started by DeBeers in the 1930's.
3. Have agricultural scientists develop healthier, tastier, easier to grow, cheaper cocoa plants, saving you money on you biggest input expense.
Batman is not impartial:
http://www.oib.gov.tr/portfoy/tupras/batman_refinery.htm
It is inappropriate to mock the Chinese inability to grow facial hair.
Hehehe...