Even without huge numbers of computers in the classroom it is easiest to learn about markets and politics through simulations rather than lectures. Almost every intro to finance class has a here's why markets work example that involves the students splitting onto teams and trading.
That's not measuring the profitability of foreign trade. Most companies took their lumps and learned that business in China isn't exactly the same as business in the US (funnily we took the same lumps in Japan 20 years ago, and South America 100 years ago etc). Now Chinese operations are quite profitable (as a sales market not just a workshop). GM made several hundred million on operations in China, Motorola gets 15% of their sales there. Cisco recognises it as a large and profitable market.
Just because we import more than we export to China does not mean that our exports are unprofitable, quite the contrary.
A message's tone was only accuratly guessed half the time, but the guesser believed to have accuratly guessed 90% of the time. In other words about half the time the guesser believes they have divined the tone of the message and are incorrect.
We do happen to have a gym and showers, the walk to work is early enough that most mornings I don't break a sweat (it's a two mile walk at a moderate pace that shouldn't lead to sweating). The walk home is much warmer but I can take a shower and hit the pool in my apartment complex when I get home.
It's a short walk to work, I've I'd said run the ironman daily to work where I fight rabid woverines for a few scraps of deer flesh and pine nuts and lick the dew off the trees perhaps I'd have been going for tough:) But a walk to work does not (it might burn the calories in the ketchup I ate with my fries for lunch). The original post was whining about the weather precluding them from traveling a couple of miles to the store to buy a game, I was merely hoping to point out that unless one's skin were green and they had a pointy nose they probably had weatherproofing naturally installed with their skin.
I bought a download of AO online when they did their big relaunch a few years back. It was a terrible experience, it ended up costing the same as an instore copy (they charge you for a copy it after the 1 week trial) and I didn't get the maps or manuals (not even as a pdf) that others got with a physical copy. Also if you bought a copy you got a free month rather than a free week even though the prices were the same. Mostly I was stupid, but it was still a pretty annoying experience. Considering they could have made far more off my presence through monthly subscriber fees I'm surprised they didn't give the client away.
I walk about 2 miles a day back and forth from the trains rain snow sleet hail or Virgina summers in a suit. I recall 97 and 90%+ humidity. Is that regularly enough for you?
Well I guess a better answer would be to forstall us from blocking their advances into Indonesia (rich in both oil, rubber, and other resources). I'd guess that resource wars have been occuring since Ogg clubed Mog in the head for the Mastadon tenderloin.
I'm pretty sure Dubai is one of the emirates in the UAE, and your three weathly examples are hardly representative of much more than a small minority of Middle Easterners of any type (both countries are small tiny populations and huge oil pools) Effectivly they are all members of the oil elite that is normally a small subset of a much larger and vastly poorer population. Citing them as representative would be like saying that all New Yorkers are fabulously wealthy and only showing investment bankers.
A big part of the problem is that the Saudi royal family was granted control of essntially all of the oil wealth in Arabia, and they dole only enough to keep their population from revolting, and they figured out that engaging their citizens in Wahabism meant that even when oil revenues are down they aren't as likely to revolt.
It wouldn't shock me if this were designed to enlist more popular European support for a war with Iran. In the end the Scandinavian countries will have to rebuild some embassys and an editor or two might get swaped to a different newspaper, but this really won't have too much impact on day to day western life. Iran just lost any hope of coming off as a persecuted group in their quest to build a nuke without drawing the ire of the powerful nations in the UN (which effectivly gives the powerful nations a reason for war if they want it).
It's capitalism alright, the guy is selling them for $11 a flag. It sounded like most of his career has been in supplying flags for protestors to burn. Ironically, he gets is Israeli flags from a factory in Isreal.
Resistive heaters are effectivly as efficient as your oven (ignoring things like line losses).
The missing Watts end up outside (or inside depending on the season). Modern electric heating systems create heat directly, rather the energy input is used to pump coolant that transfers heat from one place to another (in most cases the outside air or ground). They don't defy the laws of physics any more than your refridgerator they utilize the property that a rapid decline in pressure cools a gas or liquid. Think of it as an air conditioner that works both ways (it can cool the room or the outdoors).
The primary goal of a business venture is to maximize long term value (typically in the form of a profit stream, but not always--certain businesses are managed for tax sheltering and similar oddities). The value of a long term profit stream is exceedingly difficult to project, so given the difficulty many investors over emphisise recent results in their projections. This leads to management teams also overly focused on the current period even sometimes to the detriment of the value of the entire profit stream and firm value. Occasionally these mistakes result in the destruction of the entire firm (see WorldCom and Enron) but more typically manifest themselves in excesses (see most technology firms).
When this occurs too frequently owners begin to discount the stream which usually leads to a sale and new managment team that is expected to be more focused on the value of the entire stream.
Same thing with stocks, bonds, houses, foreign currency, and most of the stuff we invest in daily. Yet they are the subject of trillions of dollars in investments every year. That these happen to reside on a server in California makes little difference to their worth or value.
Oh and in another great depression like senario do you really think the FDIC is going to bail out all the banks that could fail?
Watch the hurricanes this summer, most of the big increase in gas prices was due to a whole lot of the GoM gas being out of comission most of the fall/winter. If you see a tropical storm that looks like it's headed for the area between NO and Houston you might see if your utility has fixed price option this summer (the warm winter is likely to crater gas prices unless A/Cs fire up in a spectacular way).
Yeah if the cooking is the primary benefit than the heat is a positive externality and you should subsidize oven use. Besides there is not much better than smelling a nice roast or tasty casserole (like lasagnua) in the oven for an hour or a couple.
Unless you are using baseboard heat (electric resistance) it is a false economy. Most electric heat systems use 1 kW of electricity to "generate" move actually 3-5kW of heat to where you want it (indoors in the winter/outdoors in the summer). Your oven uses 1 kW of electricity to generate 1kW of heat. While oven baked goods are cheaper in the winter since you do not need to move the excess heat generated out doors, they are not cheaper than modern electric heating systems. Note that this doesn't include gas as I am not too familiar with heat content or cost per kW of gas at current prices.
Install florescent bulbs especially in hall lights and less used lamps, place insulating foamboard in unused or less used windows in the winter if it gets cold there (most of the time it is dark when you are home so there is not much to see out the window anyway. Turn down your thermostat in the winter and up in the summer (use wind rather than AC to cool your apartment) if you get hot take a quick tepid shower. Depending on your heater type your PCs are as efficent as baseboard heat. Those are the easy ones.
If you play to stay in the unit for a few years, see if the landlord will split (perhaps not 50:50) the cost of buying efficient appliances rather than the cheaper ones that landlords usually purchase.
The article you linked held the $1T figure up as a strawman and claimed that $120-$200B was a better guess of the total cost, and that was from 1987, when the President could still get away with almost any proposed defence spending no matter how useful.
A good measuring stick is that the total defense outlays have run $200-$400 billion since the height of the cold war. Most of that is salary for the troops, and an easy way to figure the cost of a program is to look at what percentage of the force is engaged in that program, if it isn't a healthy portion of the military over a substantial time period, there is no possible way to spend $1 T on a project. DoD's R&D budgets run about $40B annually, and they are engaged in many projects beyond missile defence, many of which benefit other industries (they do lots of work in areonautics, computers, and other basic research that private industry leverages).
The highest budget item for SDI spending was 1992 when the President's budget asked for $5 billion (Reagan proposed $1-3 B/year for his last three years in office) but I could not find any info on actual SDI spending during that time. If I were speculating I'd say $50 billion on missile defence would be a pretty decent starting guess.
The founders have no where near 51% of the shares, but the shares they do have carry the right to 10 vote 10 times so they have well over 51% of the vote. (Ford, Dow Jones, and Comcast all have similar corporate structures). They have to release quarterly reports or they cannot trade in the US. The quarterly reports are required to include certain items (financal statements and notes, certification of CEO/CFO that numbers are valid etc). They are not required to inform investors of their quarterly results, but most companies do in the form of a conference call between large investors (or their representatives) and management. I believe if held these conference calls must be available to listen to by smaller investors. Google unlike most techonology companies does not provide earnings guidance (or what management believes they will earn in the next three months) given that one of the three months is done, managment is in a good position to forsee the quarter's results.
I doubt we spent $1 trillion on missile defense. During the entire Reagan administration we spent 2 trillion on the entire military. It was no doubt a big research project, and I wouldn't be surprised by $10 billion in spending on SDI but no way did $1 trillion get spent even adjusted to today's dollars.
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Even without huge numbers of computers in the classroom it is easiest to learn about markets and politics through simulations rather than lectures. Almost every intro to finance class has a here's why markets work example that involves the students splitting onto teams and trading.
That's not measuring the profitability of foreign trade. Most companies took their lumps and learned that business in China isn't exactly the same as business in the US (funnily we took the same lumps in Japan 20 years ago, and South America 100 years ago etc). Now Chinese operations are quite profitable (as a sales market not just a workshop). GM made several hundred million on operations in China, Motorola gets 15% of their sales there. Cisco recognises it as a large and profitable market.
Just because we import more than we export to China does not mean that our exports are unprofitable, quite the contrary.
A message's tone was only accuratly guessed half the time, but the guesser believed to have accuratly guessed 90% of the time. In other words about half the time the guesser believes they have divined the tone of the message and are incorrect.
We do happen to have a gym and showers, the walk to work is early enough that most mornings I don't break a sweat (it's a two mile walk at a moderate pace that shouldn't lead to sweating). The walk home is much warmer but I can take a shower and hit the pool in my apartment complex when I get home.
I touched quite a nerve with that one, wow!
It's a short walk to work, I've I'd said run the ironman daily to work where I fight rabid woverines for a few scraps of deer flesh and pine nuts and lick the dew off the trees perhaps I'd have been going for tough:) But a walk to work does not (it might burn the calories in the ketchup I ate with my fries for lunch). The original post was whining about the weather precluding them from traveling a couple of miles to the store to buy a game, I was merely hoping to point out that unless one's skin were green and they had a pointy nose they probably had weatherproofing naturally installed with their skin.
I bought a download of AO online when they did their big relaunch a few years back. It was a terrible experience, it ended up costing the same as an instore copy (they charge you for a copy it after the 1 week trial) and I didn't get the maps or manuals (not even as a pdf) that others got with a physical copy. Also if you bought a copy you got a free month rather than a free week even though the prices were the same. Mostly I was stupid, but it was still a pretty annoying experience. Considering they could have made far more off my presence through monthly subscriber fees I'm surprised they didn't give the client away.
I walk about 2 miles a day back and forth from the trains rain snow sleet hail or Virgina summers in a suit. I recall 97 and 90%+ humidity. Is that regularly enough for you?
Well I guess a better answer would be to forstall us from blocking their advances into Indonesia (rich in both oil, rubber, and other resources). I'd guess that resource wars have been occuring since Ogg clubed Mog in the head for the Mastadon tenderloin.
I picked a hell of a discussion to stop taking acid.
I'm pretty sure Dubai is one of the emirates in the UAE, and your three weathly examples are hardly representative of much more than a small minority of Middle Easterners of any type (both countries are small tiny populations and huge oil pools) Effectivly they are all members of the oil elite that is normally a small subset of a much larger and vastly poorer population. Citing them as representative would be like saying that all New Yorkers are fabulously wealthy and only showing investment bankers.
A big part of the problem is that the Saudi royal family was granted control of essntially all of the oil wealth in Arabia, and they dole only enough to keep their population from revolting, and they figured out that engaging their citizens in Wahabism meant that even when oil revenues are down they aren't as likely to revolt.
Probably half the wars in the 20th century have been about oil. Why did you think Japan attacked Pearl Harbor?
It wouldn't shock me if this were designed to enlist more popular European support for a war with Iran. In the end the Scandinavian countries will have to rebuild some embassys and an editor or two might get swaped to a different newspaper, but this really won't have too much impact on day to day western life. Iran just lost any hope of coming off as a persecuted group in their quest to build a nuke without drawing the ire of the powerful nations in the UN (which effectivly gives the powerful nations a reason for war if they want it).
It's capitalism alright, the guy is selling them for $11 a flag. It sounded like most of his career has been in supplying flags for protestors to burn. Ironically, he gets is Israeli flags from a factory in Isreal.
Resistive heaters are effectivly as efficient as your oven (ignoring things like line losses).
The missing Watts end up outside (or inside depending on the season). Modern electric heating systems create heat directly, rather the energy input is used to pump coolant that transfers heat from one place to another (in most cases the outside air or ground). They don't defy the laws of physics any more than your refridgerator they utilize the property that a rapid decline in pressure cools a gas or liquid. Think of it as an air conditioner that works both ways (it can cool the room or the outdoors).
The primary goal of a business venture is to maximize long term value (typically in the form of a profit stream, but not always--certain businesses are managed for tax sheltering and similar oddities). The value of a long term profit stream is exceedingly difficult to project, so given the difficulty many investors over emphisise recent results in their projections. This leads to management teams also overly focused on the current period even sometimes to the detriment of the value of the entire profit stream and firm value. Occasionally these mistakes result in the destruction of the entire firm (see WorldCom and Enron) but more typically manifest themselves in excesses (see most technology firms). When this occurs too frequently owners begin to discount the stream which usually leads to a sale and new managment team that is expected to be more focused on the value of the entire stream.
Same thing with stocks, bonds, houses, foreign currency, and most of the stuff we invest in daily. Yet they are the subject of trillions of dollars in investments every year. That these happen to reside on a server in California makes little difference to their worth or value.
Oh and in another great depression like senario do you really think the FDIC is going to bail out all the banks that could fail?
Watch the hurricanes this summer, most of the big increase in gas prices was due to a whole lot of the GoM gas being out of comission most of the fall/winter. If you see a tropical storm that looks like it's headed for the area between NO and Houston you might see if your utility has fixed price option this summer (the warm winter is likely to crater gas prices unless A/Cs fire up in a spectacular way).
Yeah if the cooking is the primary benefit than the heat is a positive externality and you should subsidize oven use. Besides there is not much better than smelling a nice roast or tasty casserole (like lasagnua) in the oven for an hour or a couple.
Unless you are using baseboard heat (electric resistance) it is a false economy. Most electric heat systems use 1 kW of electricity to "generate" move actually 3-5kW of heat to where you want it (indoors in the winter/outdoors in the summer). Your oven uses 1 kW of electricity to generate 1kW of heat. While oven baked goods are cheaper in the winter since you do not need to move the excess heat generated out doors, they are not cheaper than modern electric heating systems. Note that this doesn't include gas as I am not too familiar with heat content or cost per kW of gas at current prices.
Install florescent bulbs especially in hall lights and less used lamps, place insulating foamboard in unused or less used windows in the winter if it gets cold there (most of the time it is dark when you are home so there is not much to see out the window anyway. Turn down your thermostat in the winter and up in the summer (use wind rather than AC to cool your apartment) if you get hot take a quick tepid shower. Depending on your heater type your PCs are as efficent as baseboard heat. Those are the easy ones.
If you play to stay in the unit for a few years, see if the landlord will split (perhaps not 50:50) the cost of buying efficient appliances rather than the cheaper ones that landlords usually purchase.
The article you linked held the $1T figure up as a strawman and claimed that $120-$200B was a better guess of the total cost, and that was from 1987, when the President could still get away with almost any proposed defence spending no matter how useful.
A good measuring stick is that the total defense outlays have run $200-$400 billion since the height of the cold war. Most of that is salary for the troops, and an easy way to figure the cost of a program is to look at what percentage of the force is engaged in that program, if it isn't a healthy portion of the military over a substantial time period, there is no possible way to spend $1 T on a project. DoD's R&D budgets run about $40B annually, and they are engaged in many projects beyond missile defence, many of which benefit other industries (they do lots of work in areonautics, computers, and other basic research that private industry leverages). The highest budget item for SDI spending was 1992 when the President's budget asked for $5 billion (Reagan proposed $1-3 B/year for his last three years in office) but I could not find any info on actual SDI spending during that time. If I were speculating I'd say $50 billion on missile defence would be a pretty decent starting guess.
The founders have no where near 51% of the shares, but the shares they do have carry the right to 10 vote 10 times so they have well over 51% of the vote. (Ford, Dow Jones, and Comcast all have similar corporate structures). They have to release quarterly reports or they cannot trade in the US. The quarterly reports are required to include certain items (financal statements and notes, certification of CEO/CFO that numbers are valid etc). They are not required to inform investors of their quarterly results, but most companies do in the form of a conference call between large investors (or their representatives) and management. I believe if held these conference calls must be available to listen to by smaller investors. Google unlike most techonology companies does not provide earnings guidance (or what management believes they will earn in the next three months) given that one of the three months is done, managment is in a good position to forsee the quarter's results.
I doubt we spent $1 trillion on missile defense. During the entire Reagan administration we spent 2 trillion on the entire military. It was no doubt a big research project, and I wouldn't be surprised by $10 billion in spending on SDI but no way did $1 trillion get spent even adjusted to today's dollars.
From a chart last Friday, India and Peru were home to most of the infections, only about 15k were in the US.
This paper is older than I recall the news hype hitting (spring of 2005 or fall of 2004).