The parent and grandparent are both right, with more elaboration:
The parent is correct that if everyone earned 70c/hr, yet remained as product as they are now, the value of the dollar would be much higher, so the purchasing-power-parity in 2003 dollars would remain the same, and hence the "real" cost of living (in PPP 2003 USDs).
The grandparent is correct that if everyone *WERE* to earn 70c/hr, we would have a depression.
How can the parent and grandparent be correct? The fourth-dimension, time, the axis Mardy (Michael J Fox) wasn't very good at in Back to the Future, needs to be remembered. When experienced with RAPID deflation, which implies the power of the dollar increases rapidly, we enter an economy which is reluctant to make investments. The best investment, in a deflating curency, is to hold on to your bank notes or bonds, not to lend loans on houses that this year will cost $100k but if the owner forecloses five years from now will only fetch $20k of a much stronger greenback.
Thus, if we have rapid deflation, or sustained deflation, we will enter a depression where the financial elite close their purses and reap the rewards of monetary growth without making loans to those paupers we commonly refer to as ourselves.
Sun's jvm for jdk1.5 caches JIT code in shared storage.. their 1.5 site even mentions that startup time is almost negligible now, even for large java apps.
I was rather surprised, actually, to see the amount of change from 1.4 to 1.5, at all levels: language, jdk, and jvm. The language itself has a lot of C++/C# features now like covariance and contravariance. 1.5 has more improvement over 1.4 than 1.4 over 1.1, in all aspects, imho.
Thing to remember about finance is that apropriating money isn't a zero-sum game. If a poor family has 2 kids, and the money to
i) send one to a top univ, the other a factory job
-or-
ii) both to factory jobs with some extra cash
If a top-univ graduate can earn $100,000/yr more than a factory worker, then choosing (i) is a far wiser investment, since the extra salary earned *each year* dwarfs the one-time extra cash both could've received.
If govt. of India gives its money away, it's a *one time* give away. How will they make more? The choice is between (a) transforming a sickly illiterate to a healthy illiterate or (b) transforming a healthy top-student to a successful top-scientist. The best investment is (b), and hoping the taxes collected can be used to then aid (a).
Moreover, for all your talk about doing grand things while others starve, what are *you* doing online typing to slashdot while others starve? Not your responsibility, eh? Trying to advance -yourself-, eh? Interesting.
A former astronaut came to give a lecture at my univ. Astronauts are supposed to conduct such excercises while in space; but they're lazy, and mission control down on earth can't help what goes on up past the statosphere. Realize that they're mostly scientists and not jocks; they often cheated by lowering the resistance on the machines or just spent less time on them -- by her testimony, they were far more eager to get back to their experiments, since they were allowed to conduct personal experiments while in space aside to the mission-assigned experiments.
There's plenty of food in India; many just can't afford enough of it. Solution?
Well, one is continue with such things as the i-Grid and have the long-term solution of education and job-availability solve poverty,
another is to create a welfare state and subsidize the poor's food, etc., as we in the US do with food stamps,
alternatively, create a communist state where the $2,200/yr per capita income is evenly distributed, which would be enough to feed all.
We'll probably throw sanctions if they turned communist, and the government doesn't have the money to subsidize food (causing their currency to become weaker than it is).
Why is the Indian government exporting food when some of its own residents can't afford it? Reflectively, does our government (the u.s. for those not in here), burn over 50% of crops while some (much fewer here than in india) die here of starvation? In a capitalist world, the long-term economy of the country cannot give freebies to the unemployed/underemployed [unemployment checks in the u.s. were shortened yet again -- to, is it 10months now?]
If the past dictates the future, why are you selectively picking the past 50-300yrs and not the past 700yrs? Before 1750, India was a land of riches, with the average person far more wealthy than their equivalents in europe. For having their wealth taken to England for two-hundred years, they've done a sporting job in the last 50.
I'm not sure if you're well-read in history, but you may recall a similar case in USA past:
African-americans were not given fair treatment in the buses, so they decided to strike the use of buses by using car-pooling. The police were then instructed to arrest any blacks who drove more than 2 per car because they were crippling the transportation revenue.
Now, if you were to apply your logic, you'll see how backwards and discriminatory it is, and we should be above such thinking today. If revenue drops due to the public's refusal to pay for services, either due to exorbitant prices or discrimination, we should not persecute the change in behaviour.
Otherwise, we stage ourselves on a dangerous path that may lead to 'consumer-slavery', which is already true now in the case of requiring car-insurance and possibly proprietary OS (some school assignments are given in '.exe'), but may expand to even more of our consumer participation. One of Gandhi's fameous marches he led was to a beach to "illegally" collect the mounds of salt naturally produced there, freely, instead of obeying the british and buying salt and other comodities only through them.
Aggreably, the faked limited-supply may be appropriate with grain subsidies (we burn some 60% of US crops), but note that the US pays the farmers for their destruction of crops. Perhaps we should be federally subsidized for abstinance from use of file-xfer ? At least it's thought-provoking.
besides the special cases of using \h in bash, or hostname -s to get the hostname without the domain, in general cut -d<delim> -f<N> is a lot better(faster & no parse time) than using awk for getting the Nth field delimeted by some delim. Just thought I'd offer that since I too was using awk -F<delim> '{print($<N>)}' before.
Anata no tomodachi,
Navin
P.S. I was rather proud of myself for remember &lt and &gt were the codes for creating less-than < and greater-than >, respectively. And as another side, I was further impressed at figuring out implicitly that &amp was the code to get the ampersand & when it is suffixed by what would otherwise be a code. *pats himself on the back*
Slashdot Mirror
The parent and grandparent are both right, with more elaboration:
The parent is correct that if everyone earned 70c/hr, yet remained as product as they are now, the value of the dollar would be much higher, so the purchasing-power-parity in 2003 dollars would remain the same, and hence the "real" cost of living (in PPP 2003 USDs).
The grandparent is correct that if everyone *WERE* to earn 70c/hr, we would have a depression.
How can the parent and grandparent be correct? The fourth-dimension, time, the axis Mardy (Michael J Fox) wasn't very good at in Back to the Future, needs to be remembered. When experienced with RAPID deflation, which implies the power of the dollar increases rapidly, we enter an economy which is reluctant to make investments. The best investment, in a deflating curency, is to hold on to your bank notes or bonds, not to lend loans on houses that this year will cost $100k but if the owner forecloses five years from now will only fetch $20k of a much stronger greenback.
Thus, if we have rapid deflation, or sustained deflation, we will enter a depression where the financial elite close their purses and reap the rewards of monetary growth without making loans to those paupers we commonly refer to as ourselves.
Sun's jvm for jdk1.5 caches JIT code in shared storage.. their 1.5 site even mentions that startup time is almost negligible now, even for large java apps.
I was rather surprised, actually, to see the amount of change from 1.4 to 1.5, at all levels: language, jdk, and jvm. The language itself has a lot of C++/C# features now like covariance and contravariance. 1.5 has more improvement over 1.4 than 1.4 over 1.1, in all aspects, imho.
Thing to remember about finance is that apropriating money isn't a zero-sum game. If a poor family has 2 kids, and the money to
i) send one to a top univ, the other a factory job
-or-
ii) both to factory jobs with some extra cash
If a top-univ graduate can earn $100,000/yr more than a factory worker, then choosing (i) is a far wiser investment, since the extra salary earned *each year* dwarfs the one-time extra cash both could've received.
If govt. of India gives its money away, it's a *one time* give away. How will they make more? The choice is between (a) transforming a sickly illiterate to a healthy illiterate or (b) transforming a healthy top-student to a successful top-scientist. The best investment is (b), and hoping the taxes collected can be used to then aid (a).
Moreover, for all your talk about doing grand things while others starve, what are *you* doing online typing to slashdot while others starve? Not your responsibility, eh? Trying to advance -yourself-, eh? Interesting.
A former astronaut came to give a lecture at my univ. Astronauts are supposed to conduct such excercises while in space; but they're lazy, and mission control down on earth can't help what goes on up past the statosphere. Realize that they're mostly scientists and not jocks; they often cheated by lowering the resistance on the machines or just spent less time on them -- by her testimony, they were far more eager to get back to their experiments, since they were allowed to conduct personal experiments while in space aside to the mission-assigned experiments.
There's plenty of food in India; many just can't afford enough of it. Solution?
Well, one is continue with such things as the i-Grid and have the long-term solution of education and job-availability solve poverty,
another is to create a welfare state and subsidize the poor's food, etc., as we in the US do with food stamps,
alternatively, create a communist state where the $2,200/yr per capita income is evenly distributed, which would be enough to feed all.
We'll probably throw sanctions if they turned communist, and the government doesn't have the money to subsidize food (causing their currency to become weaker than it is).
Why is the Indian government exporting food when some of its own residents can't afford it? Reflectively, does our government (the u.s. for those not in here), burn over 50% of crops while some (much fewer here than in india) die here of starvation? In a capitalist world, the long-term economy of the country cannot give freebies to the unemployed/underemployed [unemployment checks in the u.s. were shortened yet again -- to, is it 10months now?]
If the past dictates the future, why are you selectively picking the past 50-300yrs and not the past 700yrs? Before 1750, India was a land of riches, with the average person far more wealthy than their equivalents in europe. For having their wealth taken to England for two-hundred years, they've done a sporting job in the last 50.
according to the CIA factbook, per capita is $2,200/yr (2000est), and 35% below poverty(1994est); not $100/yr at 90%.
I'm not sure if you're well-read in history, but you may recall a similar case in USA past: African-americans were not given fair treatment in the buses, so they decided to strike the use of buses by using car-pooling. The police were then instructed to arrest any blacks who drove more than 2 per car because they were crippling the transportation revenue. Now, if you were to apply your logic, you'll see how backwards and discriminatory it is, and we should be above such thinking today. If revenue drops due to the public's refusal to pay for services, either due to exorbitant prices or discrimination, we should not persecute the change in behaviour. Otherwise, we stage ourselves on a dangerous path that may lead to 'consumer-slavery', which is already true now in the case of requiring car-insurance and possibly proprietary OS (some school assignments are given in '.exe'), but may expand to even more of our consumer participation. One of Gandhi's fameous marches he led was to a beach to "illegally" collect the mounds of salt naturally produced there, freely, instead of obeying the british and buying salt and other comodities only through them. Aggreably, the faked limited-supply may be appropriate with grain subsidies (we burn some 60% of US crops), but note that the US pays the farmers for their destruction of crops. Perhaps we should be federally subsidized for abstinance from use of file-xfer ? At least it's thought-provoking.
besides the special cases of using \h in bash, or hostname -s to get the hostname without the domain, in general cut -d <delim> -f <N> is a lot better(faster & no parse time) than using awk for getting the Nth field delimeted by some delim. Just thought I'd offer that since I too was using awk -F <delim> '{print($ <N> )}' before.
Anata no tomodachi,
Navin
P.S. I was rather proud of myself for remember &lt and &gt were the codes for creating less-than < and greater-than >, respectively. And as another side, I was further impressed at figuring out implicitly that &amp was the code to get the ampersand & when it is suffixed by what would otherwise be a code. *pats himself on the back*