Yes, the fact that you still owe on the bonds does not change the forward-looking analysis which ignores sunk cost. So if the forward-looking decision is to abandon, you abandon. Then you figure out how to make your bond payments. For example, I'm paying taxes to pay off bonds for a project that a number of municipal electric utilities bought into that failed; its been 7 years and we only have 23 more years of taxes to go.
= = = Sunk costs doesnt mean tou payed the loan off yet. = = =
That's a point that I've seen some otherwise very smart economic/business analysts misunderstand. If you're $2 billion into a project and your analysis determines that the best course of action is to terminate it, then doing so is optimal. But unless you also file for bankruptcy your organization is still on the hook to repay the $2 billion of bonds that you issued to finance the project.
= = = Stay out of the way and let the people sort it out. Government interference always makes things worse = = =
Actually, in its response to the FERC's requirement to develop plans for geomagnetic events the US provision-of-electricity industry explicitly said that preparations for ordinary geomagnetic storms (say up to G5-) were its responsibility, but preparation for catastrophic events such as G5+ Carringon Events was not within its capability and should be undertaken by government.
A lot of sick, sick burns from the ACs today. Try reading up on the Carrington Event and consider what a geomagnetic storm that generated visible aurora in southern Florida would do to a modern electric grid and telecommunication system. Not quote so funny.
= = = If there is no Law that permits the executive branch to prepare for space weather, than the President is not permitted to order it. = = =
So back in the early-mid 1990s when the Internet was a new thing to most people/organizations and US Government agencies started using their discretionary funds to build websites to provide information to Citizens, that was impermissible because there was no law authorizing it? Interesting. In fact, I'd be surprised if even today there is a specific law authorizing Executive Branch agencies to "build websites" or "use the Internet".
I don't have a link for the specific article, but Washington University reported that they would have 8 portable cell towers in operation to supplement the usual service ( https://debate.wustl.edu/ ). That compares to the 1992 debate, when they had the phone company install 3500 temporary phone lines and converted athletic building showers into film developing cubicles [1]
sPh
fn1: still the 1904 Olympics gym and locker room at that time with heavy-duty tile everwhere
= = = Also this year, Bernie Sanders was a serious contender to succede Obama as head of the Democrats (and the country). The ideology of the Democrat party, led by Obama, is similar to the ideology of Bernie Sanders. Bernie Sanders says Bernie Sanders is a Communist, the country's best-known Communist. Obama might not exactly *be* a communist, but he's on the same team as the leading US Communist = = =
I've been reading online discussions for 34 years and that is one of the most amazing leaps of mis-logic I've ever seen.
Minor point: Sanders is a self-describe Socialist, not Communist. Bit of a difference.
Second point: Sanders' socialism is the good old fashioned 'democratic socialism' that rebuilt Europe from 1950-1970, not even close to the full-scale socialism proposed in the 1920s-30s (and at other times).
Third point: Sanders, although not a member of the Democratic Party, was a serious candidate for the Democratic nomination for President. He was not a "serious contender" and had a very small chance of actually winning (probably less than 10%)
Finally, being a serious candidate for a party office does not mean that one's ideology thereby infects that party, much less retroactively infect previously elected officeholders. Barack Obama not only married into a South Side family he became a standard South Side conservative Democrat and is overall to the conservative side of the median USian. He'd be the successor to Eisenhower if the Republicans could bear to let him join the country club.
= = = While this deal is being negotiated, Samsung's mobile phone business has been navigating a recall of its Galaxy Note 7 smartphones over issues with batteries catching fire and exploding.= = =
I doubt there is much more connection between Samsung's printer and cell phone divisions than there is between their printer and guided missile destroyer units.
That's a good question. My guess is probably not, at least at the level where there is direct consumer interaction. I would think camera manufacturers would have been interested in the Lightning connector for example but I never heard a hint of discussions in the photo hardware press, leading me to think there were none. [presumably Apple in engages in the patent/technology horsetrading along with all other high-tech firms]
Return to using your previous device? Unlike an expired auto insurance card which many people stick in the glovebox, most "previous devices" have been traded in or sold to offset the cost of the new device thus leaving the hapless buyer device-less. Sorry about that.
Apple's CPU design work doesn't seem to get much coverage outside the highly technical trade press, but they have and continue to produce great designs on the ARM base. Not sure if their license allows them to sell their chips to 3rd parties, but I'd think both the 9 and 10 series would be attractive to many systems designers (aerospace, etc). Also wondering if Apple is moving toward at least a dual-CPU (x86 + A10, say) design for the next generation of Macintosh.
Oooooh, the "teleprompter" attack. Not so popular since the 2016 Republican primaries when all the candidates were observed using Teleprompters extensively (as do all high-level executives and politicians). Still, one would have thought it would have been dropped after President Obama demolished the House Republicans in the 20-on-1 health care mini-debate. Takes some learnin' I guess.
I believe the word the linked poster was searching for was "edited", not "censored". When a private organization chooses what to print and what not to print on its platform that is editing.
Is that incident being investigated by the NTSB? Because parties to an NTSB investigation who release information outside the framework of that process tend to get a not-so-nice letter from the Justice Dept.
Look up "IRA, Terror Campaign, History of". Also a few reference to mass- and targeted murders by members of certain sects of the Christian religion in the last 10 years. OK, so you don't like what I have to say. What is your solution?
Or is your solution to do nothing and ignore human history and the US Constitution?
An inherently deflationary currency in a world that has experienced 300 years of continuous economic and population growth - what could possibly go wrong?
This is the problem with young people: they think they are invincible, immortal, and everything they have accomplished they have done on their own.
Personally I wouldn't hire a database architect under 40, nor one who could not give me a basic history of databases back to 1960 and a description of similarities/differences across each database era.
So... what are you going to do when you do have 2-3 kids and commitments? Or the first time you have a serious medical problem and your ability to work 100 hours/week is gone? Pretty sure you'll have $2 million in your mutual fund account by then? Hmmm...
After the second call, stop using phone or e-mail. Send a notarized letter via US Postal Service, registered return receipt, to the CEO of the company, with a cc to the Corporate Secretary. No results, the next letter goes to the chairman of the Board of Directors audit committee. That tends to get results.
= = = Get your own phone, server, whatever. There are no punishments or consequences for anyone involved. = = =
Yeah, Karl Rove proved that when he routed 22 million W Administration e-mails through a Republican Party server which was claimed to have no archiving or backup process.
We're going to steal some money from what used to be the world's best free universal public schools and put it in our pocket, then help the city council fire some teachers.
Slashdot Mirror
Yes, the fact that you still owe on the bonds does not change the forward-looking analysis which ignores sunk cost. So if the forward-looking decision is to abandon, you abandon. Then you figure out how to make your bond payments. For example, I'm paying taxes to pay off bonds for a project that a number of municipal electric utilities bought into that failed; its been 7 years and we only have 23 more years of taxes to go.
sPh
That's a point that I've seen some otherwise very smart economic/business analysts misunderstand. If you're $2 billion into a project and your analysis determines that the best course of action is to terminate it, then doing so is optimal. But unless you also file for bankruptcy your organization is still on the hook to repay the $2 billion of bonds that you issued to finance the project.
sPh
And even worse: https://en.wikipedia.org/wiki/...
sPh
Actually, in its response to the FERC's requirement to develop plans for geomagnetic events the US provision-of-electricity industry explicitly said that preparations for ordinary geomagnetic storms (say up to G5-) were its responsibility, but preparation for catastrophic events such as G5+ Carringon Events was not within its capability and should be undertaken by government.
sPh
A lot of sick, sick burns from the ACs today. Try reading up on the Carrington Event and consider what a geomagnetic storm that generated visible aurora in southern Florida would do to a modern electric grid and telecommunication system. Not quote so funny.
sPh
So back in the early-mid 1990s when the Internet was a new thing to most people/organizations and US Government agencies started using their discretionary funds to build websites to provide information to Citizens, that was impermissible because there was no law authorizing it? Interesting. In fact, I'd be surprised if even today there is a specific law authorizing Executive Branch agencies to "build websites" or "use the Internet".
sPh
I don't have a link for the specific article, but Washington University reported that they would have 8 portable cell towers in operation to supplement the usual service ( https://debate.wustl.edu/ ). That compares to the 1992 debate, when they had the phone company install 3500 temporary phone lines and converted athletic building showers into film developing cubicles [1]
sPh
fn1: still the 1904 Olympics gym and locker room at that time with heavy-duty tile everwhere
I've been reading online discussions for 34 years and that is one of the most amazing leaps of mis-logic I've ever seen.
Minor point: Sanders is a self-describe Socialist, not Communist. Bit of a difference.
Second point: Sanders' socialism is the good old fashioned 'democratic socialism' that rebuilt Europe from 1950-1970, not even close to the full-scale socialism proposed in the 1920s-30s (and at other times).
Third point: Sanders, although not a member of the Democratic Party, was a serious candidate for the Democratic nomination for President. He was not a "serious contender" and had a very small chance of actually winning (probably less than 10%)
Finally, being a serious candidate for a party office does not mean that one's ideology thereby infects that party, much less retroactively infect previously elected officeholders. Barack Obama not only married into a South Side family he became a standard South Side conservative Democrat and is overall to the conservative side of the median USian. He'd be the successor to Eisenhower if the Republicans could bear to let him join the country club.
sPh
I doubt there is much more connection between Samsung's printer and cell phone divisions than there is between their printer and guided missile destroyer units.
sPh
That's a good question. My guess is probably not, at least at the level where there is direct consumer interaction. I would think camera manufacturers would have been interested in the Lightning connector for example but I never heard a hint of discussions in the photo hardware press, leading me to think there were none. [presumably Apple in engages in the patent/technology horsetrading along with all other high-tech firms]
sPh
Return to using your previous device? Unlike an expired auto insurance card which many people stick in the glovebox, most "previous devices" have been traded in or sold to offset the cost of the new device thus leaving the hapless buyer device-less. Sorry about that.
sPh
Apple's CPU design work doesn't seem to get much coverage outside the highly technical trade press, but they have and continue to produce great designs on the ARM base. Not sure if their license allows them to sell their chips to 3rd parties, but I'd think both the 9 and 10 series would be attractive to many systems designers (aerospace, etc). Also wondering if Apple is moving toward at least a dual-CPU (x86 + A10, say) design for the next generation of Macintosh.
sPh
Oooooh, the "teleprompter" attack. Not so popular since the 2016 Republican primaries when all the candidates were observed using Teleprompters extensively (as do all high-level executives and politicians). Still, one would have thought it would have been dropped after President Obama demolished the House Republicans in the 20-on-1 health care mini-debate. Takes some learnin' I guess.
sPh
I believe the word the linked poster was searching for was "edited", not "censored". When a private organization chooses what to print and what not to print on its platform that is editing.
sPh
As described in Harry Harrison's prophetic _Tunnel Through the Deeps_ (also published as _A Transatlantic Tunnel, Hurrah!_)
sPh
Is that incident being investigated by the NTSB? Because parties to an NTSB investigation who release information outside the framework of that process tend to get a not-so-nice letter from the Justice Dept.
sPh
Look up "IRA, Terror Campaign, History of". Also a few reference to mass- and targeted murders by members of certain sects of the Christian religion in the last 10 years. OK, so you don't like what I have to say. What is your solution?
Or is your solution to do nothing and ignore human history and the US Constitution?
sPh
Iridium - Hammer's Slammers need a LOT of that stuff.
sPh
An inherently deflationary currency in a world that has experienced 300 years of continuous economic and population growth - what could possibly go wrong?
sPh
Bitcoin: designed by a brilliant mathematician who had never read a macroeconomics textbook or intermediate-level survey.
sPh
This is the problem with young people: they think they are invincible, immortal, and everything they have accomplished they have done on their own.
Personally I wouldn't hire a database architect under 40, nor one who could not give me a basic history of databases back to 1960 and a description of similarities/differences across each database era.
sPh
So... what are you going to do when you do have 2-3 kids and commitments? Or the first time you have a serious medical problem and your ability to work 100 hours/week is gone? Pretty sure you'll have $2 million in your mutual fund account by then? Hmmm...
sPh
After the second call, stop using phone or e-mail. Send a notarized letter via US Postal Service, registered return receipt, to the CEO of the company, with a cc to the Corporate Secretary. No results, the next letter goes to the chairman of the Board of Directors audit committee. That tends to get results.
sPh
Yeah, Karl Rove proved that when he routed 22 million W Administration e-mails through a Republican Party server which was claimed to have no archiving or backup process.
sPh
We're going to steal some money from what used to be the world's best free universal public schools and put it in our pocket, then help the city council fire some teachers.
sPh