There are very wide differences between locales in the US (which was the real point of this article).
$4k/month would be difficult to survive comfortably on in NYC or San Francisco where taxes eat a good $1250-$1500, rent starts at $1000+ (for your own place in a dive), and utilities/regular bills would take another $200-300 (again in your own place). A decent cheap lunch is $7-10 or so in Manhatten. A beer is usually starts at $5.
$4k/month doesn't go very far in a large US city (LA, DC, Chicago) where taxes are a hair lower (say $1000-$1250 you can rent places for $750 and up (these won't be nice but they will be ok) and bills are again $250+/-50. Decent lunch is $6-10 depending on how adventurous you are. Beers in a nice place are $4-5.
$4k/month is a kings ransom in a the rural west or south (if you can find a job). Taxes will still eat $1000 or so, but there you can rent a nice 1 bedroom for under $500, a good cheap lunch will run $5-$6 and beers top out at $3.
$4k a month would be a very good salary for a young professional there. Asr as fun money goes you'd have more than you would making $6k in one of the bigger cities, but there won't be as many young people in the smaller areas (because they weren't smart enough to look at cost of living when they got that job offer for $5k/mo.
His point wasn't that, you are mistaking his example for his point. His point was a much older political truism, if I lie is repeated often enough it becomes the truth. Wikipedia just happened to be a convienient method to bring up the example. He was point was the same as Nunberg's in Talking Right but dumbed down for those who don't bother to read a book.
The point of satire is to make you think the humor just makes the medicine go down easier.
My comment was intended to mean investing, as that would be a collection that provided some benefit to its owner. I do dabble in scripophily Pan Am, TWA, and some rail roads and always hunting for failed government bonds and hyperinflated currency, but the majority are valid shares that typically pay a dividend and sometimes go up in value.
I think the most fun I had was with the old MTG computer game where you could do lots of testing of deck strategies and there were lots of fairly rare cards populating the game. I was new enough that I really didn't notice how good or bad the AI was. I wish they would have released set update expansion packs for that game, it was pretty fun.
If anything it's a testament to branding, contracts, and inertia that Intel was able to keep 75% of the market with an inferior product that was more expensive most of the time.
Some time after you've been good all day we'll break out a SPARC module and show you why chips are small. Perhaps if you have lots of time we can go to the crypographic museum "bricks", "boulders", and "tiles" up close. I believe chip just refers to the actual silicon component, the entire item you plug in is a package. Dunno about the latest ones, but last time I looked they were smaller than my thumbnail which counts as a chip in my book.
If you don't want to go to France, an Math undergrad and MBA in Quant. Finance from UofC opens a huge number of doors. Her big trick was that while she taught math most of her examples used derivatives so her graduates didn't have to be taught how to apply math concepts to the products the banks wanted. A summer trading options (profitably) would probably do just as much good.
It's currently an oil economy, oil is even at today's prices a fantastic bargain for energy. Just look at how quickly the economy grew once we shifted from using oil pulled from the ground from oil extracted from whale blubber. So far we haven't found anything that comes close that is more than a regional phenomenon. The Bay of Fundy is probably better than oil, but really not feasible for powering more than say Nova Scotia and sugar cane supplies a small portion of net energy demand for Brazil which uses about 3 barrels of oil per person per year and has 300 people per square km of arable land (900 barrels of oil per sq km of land). The US uses 24 barrels per year per person and have 180 people per sq. km of arable land (4400 barrels per square km). Also they sit on the equator while we are 30-45 deg north of the equator. Do you start to see the problem with the math?
Re:What will be powering our cars 10 years from no
on
Vinod Khosla Talks Ethanol
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· Score: 2, Interesting
I think Germany invented it in World War II. I know it was used in Apartid South Africa though. I'd be shocked if we aren't still using some sort of fossil fuel. Solar is really the only other reasonable option and that's probably not practical for a good 25-50 years.
The amount of training required to use a semi-automatic rifle is far lower than that required to use a rapier, for example. While I'm pretty sure an olympic fencer would toast me 999 times out of 1000 (or more often). An olympic sharpshooter has a much lower chance of success against a minimally trained shooter (even 80% is a substantial reduction in odds).
I enjoy both 40k and DOW. Much quicker and a different (but good) experience relative to busting out all the minis with friends. It's about the only RTS that I enjoyed.
Generally no one makes money just betting on things (a few very well informed individuals make a nice living at it). A large company to make money they have to be able to something bigger than that. Enron's trading got it's start by taking a spread between producers and consumers who both wanted to be able to lock in prices to facilitate planning (they also owned pipelines which transfered physical gas around the country). Where they got into trouble was in internaitonal deals (that were poorly structured due to the compensation schemes in place for the project managers) and toward the end the mark to model accounting they were using combined with a minor league fraud by the CFO and financial staff (that was the straw that broke the camel's back).
What and you think the money to pay for that lab just grew on trees? It was from everyone renting their phone from western electric and paying a buck a minute long distance that provided so much money that it had to be reinvested in something that wouldn't produce a return for a long, long time to keep the government from getting too interested in just how profitable they were.
It's complex, the former comes from the combination of "my individuals should be able to grow up in a completely risk free environment," scaremongering in the media, and the second unversal American cultural truth of I should have complete privacy in all of my activities, but you better keep an eye on that shady dude over there. None of this (except the boogyman of the times) have changed since at least the yellow journalism/temperance post Civil War era.
America's firm belief in the power of the individual trumps all their other beliefs here. There isn't a root cause as long as some individuals became successful from a similar situation, the attitude is more that the criminal should have as well. American's consider an equal opportunity to succeed equality, not equal results. It would be a common belief, that ones lack of success is their own fault.
It would be nearly impossible to separate the belief that individuals aren't primarily responsible for their destiny from Americans (I think we sort of self selected it via our immigration policies of the 18th century). I don't think many of us would want to remove that belief if we could. It's that drive to succeed that has proved very, very powerful in most areas (building a country from scratch, uniting it following a civil war, arming the allies in WWII, putting a man on the moon, creating the largest economic engine of growth the world has ever had).
I'd be surprised if there is much left for anything beyond a middle class lifestyle. He had borrowed against his Enron shares to invest in the markets, and had been getting pretty big margin calls for the better part of a year before the collapse. Also, top white collar defense attourneys cost a fortune.
Finally, anyone who lost their pension at Enron has only themselves to blame. Enron's bankruptcy only wiped it out, if one's whole pension was betting on only that company's stock. I guarantee you there were mutual funds in there that dipped but survived just fine. When one's sole investment is in the stock of any company (especially their employer), one recieves what one deserves if that company goes under. Before you bring up the manager transfer, after the pension plan was reopened (prior to utter failure) the employees were huge buyers of Enron stock which they must have believed was an even better deal then. They made a great big bet and lost, hopefully everyone else can learn from their mistake.
Net inventory, Wal-Mart's real inventory turns are only about 7 or so times. it's important to get equalize the two when comparing say Wal-Mart with another retailer. I think you hit the nail on the head and exposed a larger problem, most people don't know or care what they own (because a fund manager owns it for them). That's one reason I'm a big fan of hedge funds especially those that go after badly run companies and remove management. Proxy fights are good!
Yep, and you can try to call your consolate for help. If you violate the laws of another country you can either be extradited (by your country) or arrested if you foolishly set foot in that country only national soverignity keeps you safe in your own nation. Why is this news to people?
Slashdot Mirror
If you had certificates I'd probably be interested. Enron would be even better.
There are very wide differences between locales in the US (which was the real point of this article).
$4k/month would be difficult to survive comfortably on in NYC or San Francisco where taxes eat a good $1250-$1500, rent starts at $1000+ (for your own place in a dive), and utilities/regular bills would take another $200-300 (again in your own place). A decent cheap lunch is $7-10 or so in Manhatten. A beer is usually starts at $5.
$4k/month doesn't go very far in a large US city (LA, DC, Chicago) where taxes are a hair lower (say $1000-$1250 you can rent places for $750 and up (these won't be nice but they will be ok) and bills are again $250+/-50. Decent lunch is $6-10 depending on how adventurous you are. Beers in a nice place are $4-5.
$4k/month is a kings ransom in a the rural west or south (if you can find a job). Taxes will still eat $1000 or so, but there you can rent a nice 1 bedroom for under $500, a good cheap lunch will run $5-$6 and beers top out at $3.
$4k a month would be a very good salary for a young professional there. Asr as fun money goes you'd have more than you would making $6k in one of the bigger cities, but there won't be as many young people in the smaller areas (because they weren't smart enough to look at cost of living when they got that job offer for $5k/mo.
His point wasn't that, you are mistaking his example for his point. His point was a much older political truism, if I lie is repeated often enough it becomes the truth. Wikipedia just happened to be a convienient method to bring up the example. He was point was the same as Nunberg's in Talking Right but dumbed down for those who don't bother to read a book.
The point of satire is to make you think the humor just makes the medicine go down easier.
My comment was intended to mean investing, as that would be a collection that provided some benefit to its owner. I do dabble in scripophily Pan Am, TWA, and some rail roads and always hunting for failed government bonds and hyperinflated currency, but the majority are valid shares that typically pay a dividend and sometimes go up in value.
I think the most fun I had was with the old MTG computer game where you could do lots of testing of deck strategies and there were lots of fairly rare cards populating the game. I was new enough that I really didn't notice how good or bad the AI was. I wish they would have released set update expansion packs for that game, it was pretty fun.
I collect stock certificates, some are even uncancelled. :)
If anything it's a testament to branding, contracts, and inertia that Intel was able to keep 75% of the market with an inferior product that was more expensive most of the time.
Some time after you've been good all day we'll break out a SPARC module and show you why chips are small. Perhaps if you have lots of time we can go to the crypographic museum "bricks", "boulders", and "tiles" up close. I believe chip just refers to the actual silicon component, the entire item you plug in is a package. Dunno about the latest ones, but last time I looked they were smaller than my thumbnail which counts as a chip in my book.
Thanks, I knew they were big in it then, and know I saw that article some time ago, but had forgotten that it had been around for some time.
If you don't want to go to France, an Math undergrad and MBA in Quant. Finance from UofC opens a huge number of doors. Her big trick was that while she taught math most of her examples used derivatives so her graduates didn't have to be taught how to apply math concepts to the products the banks wanted. A summer trading options (profitably) would probably do just as much good.
It's currently an oil economy, oil is even at today's prices a fantastic bargain for energy. Just look at how quickly the economy grew once we shifted from using oil pulled from the ground from oil extracted from whale blubber. So far we haven't found anything that comes close that is more than a regional phenomenon. The Bay of Fundy is probably better than oil, but really not feasible for powering more than say Nova Scotia and sugar cane supplies a small portion of net energy demand for Brazil which uses about 3 barrels of oil per person per year and has 300 people per square km of arable land (900 barrels of oil per sq km of land). The US uses 24 barrels per year per person and have 180 people per sq. km of arable land (4400 barrels per square km). Also they sit on the equator while we are 30-45 deg north of the equator. Do you start to see the problem with the math?
I think Germany invented it in World War II. I know it was used in Apartid South Africa though. I'd be shocked if we aren't still using some sort of fossil fuel. Solar is really the only other reasonable option and that's probably not practical for a good 25-50 years.
The amount of training required to use a semi-automatic rifle is far lower than that required to use a rapier, for example. While I'm pretty sure an olympic fencer would toast me 999 times out of 1000 (or more often). An olympic sharpshooter has a much lower chance of success against a minimally trained shooter (even 80% is a substantial reduction in odds).
I enjoy both 40k and DOW. Much quicker and a different (but good) experience relative to busting out all the minis with friends. It's about the only RTS that I enjoyed.
Plenty of non-professional golfers use their game to make lots more money. Why do you think so many people play golf?
Generally no one makes money just betting on things (a few very well informed individuals make a nice living at it). A large company to make money they have to be able to something bigger than that. Enron's trading got it's start by taking a spread between producers and consumers who both wanted to be able to lock in prices to facilitate planning (they also owned pipelines which transfered physical gas around the country). Where they got into trouble was in internaitonal deals (that were poorly structured due to the compensation schemes in place for the project managers) and toward the end the mark to model accounting they were using combined with a minor league fraud by the CFO and financial staff (that was the straw that broke the camel's back).
What and you think the money to pay for that lab just grew on trees? It was from everyone renting their phone from western electric and paying a buck a minute long distance that provided so much money that it had to be reinvested in something that wouldn't produce a return for a long, long time to keep the government from getting too interested in just how profitable they were.
It's complex, the former comes from the combination of "my individuals should be able to grow up in a completely risk free environment," scaremongering in the media, and the second unversal American cultural truth of I should have complete privacy in all of my activities, but you better keep an eye on that shady dude over there. None of this (except the boogyman of the times) have changed since at least the yellow journalism/temperance post Civil War era.
I still have a revolver.
America's firm belief in the power of the individual trumps all their other beliefs here. There isn't a root cause as long as some individuals became successful from a similar situation, the attitude is more that the criminal should have as well. American's consider an equal opportunity to succeed equality, not equal results. It would be a common belief, that ones lack of success is their own fault.
It would be nearly impossible to separate the belief that individuals aren't primarily responsible for their destiny from Americans (I think we sort of self selected it via our immigration policies of the 18th century). I don't think many of us would want to remove that belief if we could. It's that drive to succeed that has proved very, very powerful in most areas (building a country from scratch, uniting it following a civil war, arming the allies in WWII, putting a man on the moon, creating the largest economic engine of growth the world has ever had).
Rich Kinder was most of the brains behind Enron's good parts, and I think he proved it again at building a far better company after Enron let him go.
I'd be surprised if there is much left for anything beyond a middle class lifestyle. He had borrowed against his Enron shares to invest in the markets, and had been getting pretty big margin calls for the better part of a year before the collapse. Also, top white collar defense attourneys cost a fortune.
Finally, anyone who lost their pension at Enron has only themselves to blame. Enron's bankruptcy only wiped it out, if one's whole pension was betting on only that company's stock. I guarantee you there were mutual funds in there that dipped but survived just fine. When one's sole investment is in the stock of any company (especially their employer), one recieves what one deserves if that company goes under. Before you bring up the manager transfer, after the pension plan was reopened (prior to utter failure) the employees were huge buyers of Enron stock which they must have believed was an even better deal then. They made a great big bet and lost, hopefully everyone else can learn from their mistake.
Net inventory, Wal-Mart's real inventory turns are only about 7 or so times. it's important to get equalize the two when comparing say Wal-Mart with another retailer. I think you hit the nail on the head and exposed a larger problem, most people don't know or care what they own (because a fund manager owns it for them). That's one reason I'm a big fan of hedge funds especially those that go after badly run companies and remove management. Proxy fights are good!
I guess you, Mark, and I are the ones who know that "whiskey is for drinking and water is for fighting over".
Yep, and you can try to call your consolate for help. If you violate the laws of another country you can either be extradited (by your country) or arrested if you foolishly set foot in that country only national soverignity keeps you safe in your own nation. Why is this news to people?