It's everywhere. Unfortunately, it seems that the overwhelming majority of those who are taught it are almost universally unable to see where it can and should be applied.
2. You have to wait for the taxi to arrive after you order it.
You are imagining a similar level of availability to current taxis. This is largely caused by the driver, he has to be kept busy and therefore increases the scarcity of the service. Without a driver, idling vehicles close to demand centres is economically viable. This brings the service response down to a couple of minutes. It may be possible to get one to you before you are out the door.
What kind of car you own is an important status symbol and that culture is unlikely to change in the face of driver automation.
This will be a generational thing. I'd expect it to take 15+ years for self driven vehicles to begin to edge out the current fleet. By that time a younger generation is entering the auto marketplace. They just wouldn't see the point of a car, particularly loading up on tens of thousands of debt just to own one when they can call a taxi for a couple of dollars and it's there in less time than it takes to walk to a parking lot.
Some people will continue to think of their cars as status symbols, these types will hang on, but most, don't really want a car, they just want the service it provides and in new generations, they'll find some other status symbol to parade around.
Or rather, their employees. Self driving cars are the death of the car industry as it currently stands. There is only 1 reason we need our own cars.
1. Taxis are expensive.
If you don't have a driver, you can put a taxi on every street corner which means that the customer can order one on his iphone taxi app as he leaves the house/office and it's waiting at the kerb before he gets there. No salary to pay, only running costs & depreciation.
An average taxi can currently make something like 30 journeys per day, where an average privately owned car makes about 3. So you will see something like a 10 fold reduction in the number of cars produced when self driving becomes the norm.
No offence or anything but the traders are almost completely irrelevant, whether they trade at minutes, seconds, millisecond or picosecond timescales is neither here nor there.
Trading is a zero sum game, you win, the other guy loses and thinking you can beat the house in that zero sum game is... stupid.
Investing on the other hand is something else. You take all those random dice, add them up and you have something predictable.
Here is a little bit of truth about human nature. Your leaders are narcissistic cheating lying scum. Your bankers are narcissistic, cheating lying scum. Vanity is the human condition.
If you hand your rights, responsibilities and money over to narcissistic, cheating lying scum, WTF do you expect to happen?
"Or at a very minimum, rewrite banking law so they never get my money like that again. Is that too much to ask?"
LOL. Damn right it is. You still think the government works for you?
The Federal Reserve was set up specifically so they could pass the cost of their failures on to society. That's the purpose of a central bank. How big are the QEs so far?
Banks are fundamentally unstable organisations (which is why they keep insisting that you must have confidence in them). Without the Fed, no bank could grow large enough to damage the national economy.
What you are asking for in reality is the end of the Federal Reserve.
CLI or If I am writing a simple script, I use bash or actually Bourne shell scripting (because bash is also missing the point) because the output is for *me* or for simple parsing. Anything beyond that and I use a language(above) which supports what I need to do.
My (114 characters better than yours) Bourne shell based slashdot reader works like this:
firefox[lf]
1 line 7 characters, 8 if you include the linefeed.
for keyboard & mouse is there already. It has TV out, but I'd expect the next (and last meego phone from Nokia which is apparently half finished) revision will have HDMI so a reasonable video resolution.
"Being a CS geek, I've taken my share of math classes. It is easy for me to understand how compound interest works, and why saving that nest-egg at the beginning of your career is so vital. Once you can pay for things out of pocket, you will save thousands on interest over the course of your life, which in turn enables you to buy even more stuff down the road. But everyone wants everything 'Now', which is a very hard mindset to change. "
What if the money supply is increasing at 11% pa and the interest rate on your bank account is only 2%? Does saving make any sense now?
What if 95% of the money which existed, was created by banks from debt? It would mean that with the compound interest, there would have to be more debt than there is money to pay it back. Everyone would be in debt.
This may sound strange, but I suggest you find out what money is.
So there, I have given you a theory that is equally plausible
Well, no, that doesn't tell the full story.
If you know that your $5 will buy you product A today, or tomorrow it will buy the better A+ which was $6 today, do you buy product A today? No you wait till tomorrow and buy the A+ product. Some people may buy the A product tomorrow, but the fact is that the A+ product has become more affordable to more people.
=> The trend is towards improved quality.
The reverse is also true for inflation.
If you know that today your $5 will buy A, $6 on A+ but tomorrow you will have to spend $6 on A and $7 on A+ what do you do? You buy A today because tomorrow your $5 money won't be able to buy it.
In a deflationary environment, money becomes more valuable over time, so when people spend some, they look for products which are going to last longer or which are higher quality items. As a result, producers who produce higher quality, do better than those who produce cheap crap.
In an inflationary environment the reverse is true, it is more important to get rid of the money, and in fact getting into debt also makes sense as well. The quality matters less because you can just buy another one using money which is devaluing anyway.
Slashdot Mirror
It's everywhere. Unfortunately, it seems that the overwhelming majority of those who are taught it are almost universally unable to see where it can and should be applied.
The magnitudes of disasters like earthquakes follow a known distribution, so you know approximately how often they happen.
It just usually isn't worth the effort of doing so. (read that as unprofitable)
It's called "The Cloud". And is going to put all the little computer fixers out of business.
8 billion US dollars.
1 billion... Really doesn't cover that...
The nations in question were suffering from food riots in 2008 the last time the oil price spiked.
http://en.wikipedia.org/wiki/2007%E2%80%932008_world_food_price_crisis
Inflation is the cause.
You can thank Helicopter Ben and Peak Oil.
8.5 billion usd of value wiped off the market capitalisation just before he bought. Quite impressive.
Wouldn't have liked to be an existing shareholder though...
And still dropping... Good job!
"Fifty years from now, we're going to laugh about how we used to give coaches this much responsibility"
WTF? Talk about completely missing the point.
What happens is :
repeat
the central bank prints money
the oil price peaks
this drives inflation up past the point people can bear
this causes a recession
the oil price falls
until (civilisation collapses or replacement energy found)
2. You have to wait for the taxi to arrive after you order it.
You are imagining a similar level of availability to current taxis. This is largely caused by the driver, he has to be kept busy and therefore increases the scarcity of the service. Without a driver, idling vehicles close to demand centres is economically viable. This brings the service response down to a couple of minutes. It may be possible to get one to you before you are out the door.
What kind of car you own is an important status symbol and that culture is unlikely to change in the face of driver automation.
This will be a generational thing. I'd expect it to take 15+ years for self driven vehicles to begin to edge out the current fleet. By that time a younger generation is entering the auto marketplace. They just wouldn't see the point of a car, particularly loading up on tens of thousands of debt just to own one when they can call a taxi for a couple of dollars and it's there in less time than it takes to walk to a parking lot.
Some people will continue to think of their cars as status symbols, these types will hang on, but most, don't really want a car, they just want the service it provides and in new generations, they'll find some other status symbol to parade around.
"Debian is all about resusing .so files across applications. This made sense in the '90s when disk space was scarce, but now days, it's just dumb."
No it isn't, it's about RAM, I/O performance, security updates, bug fixes and binary drift over time.
Debian packages libraries as soon as there is a demand for them. No interest, nobody cares.
Such that it can be used vertically?
The world becomes more and more like satire every day.
Or rather, their employees. Self driving cars are the death of the car industry as it currently stands. There is only 1 reason we need our own cars.
1. Taxis are expensive.
If you don't have a driver, you can put a taxi on every street corner which means that the customer can order one on his iphone taxi app as he leaves the house/office and it's waiting at the kerb before he gets there. No salary to pay, only running costs & depreciation.
An average taxi can currently make something like 30 journeys per day, where an average privately owned car makes about 3. So you will see something like a 10 fold reduction in the number of cars produced when self driving becomes the norm.
No offence or anything but the traders are almost completely irrelevant, whether they trade at minutes, seconds, millisecond or picosecond timescales is neither here nor there.
Trading is a zero sum game, you win, the other guy loses and thinking you can beat the house in that zero sum game is... stupid.
Investing on the other hand is something else. You take all those random dice, add them up and you have something predictable.
Here is a little bit of truth about human nature. Your leaders are narcissistic cheating lying scum. Your bankers are narcissistic, cheating lying scum. Vanity is the human condition.
If you hand your rights, responsibilities and money over to narcissistic, cheating lying scum, WTF do you expect to happen?
"Or at a very minimum, rewrite banking law so they never get my money like that again. Is that too much to ask?"
LOL. Damn right it is. You still think the government works for you?
The Federal Reserve was set up specifically so they could pass the cost of their failures on to society. That's the purpose of a central bank. How big are the QEs so far?
Banks are fundamentally unstable organisations (which is why they keep insisting that you must have confidence in them). Without the Fed, no bank could grow large enough to damage the national economy.
What you are asking for in reality is the end of the Federal Reserve.
TCL
Perl
Python
Ruby
Whatever
Take your pick.
CLI or If I am writing a simple script, I use bash or actually Bourne shell scripting (because bash is also missing the point) because the output is for *me* or for simple parsing. Anything beyond that and I use a language(above) which supports what I need to do.
My (114 characters better than yours) Bourne shell based slashdot reader works like this:
firefox[lf]
1 line 7 characters, 8 if you include the linefeed.
keylogger stealing your passwords. :)
for keyboard & mouse is there already. It has TV out, but I'd expect the next (and last meego phone from Nokia which is apparently half finished) revision will have HDMI so a reasonable video resolution.
HDMI output, Bluetooth keyboard and mouse. Dolby 5.1 surround sound. Plus the standard apps; word processor, calendar etc etc etc..
And this is today.
The pocket is the new desktop, and guess what MS effectively bought (for $0), the largest mobile phone producer in the world.
"Being a CS geek, I've taken my share of math classes. It is easy for me to understand how compound interest works, and why saving that nest-egg at the beginning of your career is so vital. Once you can pay for things out of pocket, you will save thousands on interest over the course of your life, which in turn enables you to buy even more stuff down the road. But everyone wants everything 'Now', which is a very hard mindset to change. "
What if the money supply is increasing at 11% pa and the interest rate on your bank account is only 2%? Does saving make any sense now?
What if 95% of the money which existed, was created by banks from debt? It would mean that with the compound interest, there would have to be more debt than there is money to pay it back. Everyone would be in debt.
This may sound strange, but I suggest you find out what money is.
Unconstrained exponential growth at ~3% per year:
http://ngm.nationalgeographic.com/2009/03/canadian-oil-sands/kunzig-text
http://jirirezac.photoshelter.com/image/I0000.As2KdwWZVE
Now add an extra 4 billion people.
So there, I have given you a theory that is equally plausible
Well, no, that doesn't tell the full story.
If you know that your $5 will buy you product A today, or tomorrow it will buy the better A+ which was $6 today, do you buy product A today? No you wait till tomorrow and buy the A+ product. Some people may buy the A product tomorrow, but the fact is that the A+ product has become more affordable to more people.
=> The trend is towards improved quality.
The reverse is also true for inflation.
If you know that today your $5 will buy A, $6 on A+ but tomorrow you will have to spend $6 on A and $7 on A+ what do you do? You buy A today because tomorrow your $5 money won't be able to buy it.
=> The trend is towards cheaper.
Seriously, is it common (in the states) to "own" your employees even when they are not at work?
Um. Yes. It's fairly common in europe as well.
Have you actually checked your employment contract?
Working on Open Source at home?
Somewhat related to your job?
Your company probably owns (or can legally claim to own) what you've written.
"I find it remarkable how they expect people to keep buying and buying."
But that's exactly what people do till they are trillions and trillions and trillions in debt.
Companies owe the banks lots of money, it has to be paid back or the thugs come rounds and break some legs.
You have to keep buying. There must be Growth!
vs deflation.
In a deflationary environment, money becomes more valuable over time, so when people spend some, they look for products which are going to last longer or which are higher quality items. As a result, producers who produce higher quality, do better than those who produce cheap crap.
In an inflationary environment the reverse is true, it is more important to get rid of the money, and in fact getting into debt also makes sense as well. The quality matters less because you can just buy another one using money which is devaluing anyway.