I graduated with an ME 20 years ago. Every time there is a new problem I have to relearn the material. Where the education helps is I at least know how to attack the problem even if I have to look up and relearn how to do the analysis.
The problem is the Incorporation Doctrine. The Bill of Rights should only apply to the Federal Government. State governments have their own constitutions to restrict them. If you want to ban video games do it at a state level. If you want gun control do it at a state level.
Education can be both a leisure activity and an investment. When picking a major you have to consider both. If you are rich and are going to school purely for leisure then it doesn't matter. It's like an American that can afford to spend a year in Europe. It is fun and it will lead to personal growth.
But if you don't have the money and are getting yourself in massive debt you better think of it as an investment. Will I get a return on the money I am spending or borrowing? If not pick another subject. You have a lifetime to study for leisure. If you have a well paying job you will have more resources to help you. It's like that trip to Europe. Its fine to go if you can afford it. If you have to put yourself into crippling debt to go it might not be such a good idea.
Let's turn it around. If you hire a company to cut yor lawn or perform some other routine service should you be forced to keep paying them unless you can prove to a court they aren't doing a good job?
I'm dating myself but I blame X-Wing for my bad college freshman grades. We would play the game on a my room mates 66 Mhz 486DX2. The sound was OK but the music was crap so we just put in a Star Wars CD and turned it up.
The energy management was such a great part of the game. Double Front my ass! Put all power into the engines and bob and weave.
Re:Collateralized vs Non-Collateralized Loans
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Let Them Eat Teslas
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· Score: 1
I owe a percent of my income every year in taxes. How is it different?
Re:Collateralized vs Non-Collateralized Loans
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Let Them Eat Teslas
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· Score: 1
The benefit for the student if such a market place existed would be a place to see what majors and schools are the best deal. The % rate for a $10k loan would be significantly less for a school and major that produced high income earners. Another benefit is knowing that no matter what happens you are never on the hook to make payments you can't afford.
Re:Collateralized vs Non-Collateralized Loans
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Let Them Eat Teslas
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· Score: 1
The way this works is based on a fixed term of 10 years. You pay a percent of your income for those 10 years and that's it. There is no balance or interest to pay off. The amount is based on the income you file on your IRS forms.
Re:Collateralized vs Non-Collateralized Loans
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Let Them Eat Teslas
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· Score: 1
I should have been more clear. It's not actually a loan but an investment. There is no balance or interest.
The person looking for the funds pledges a certain percent of their income for 10 years. I think this company does their own predictions and figures out how much money they will get per percent. But an exchange could be established where people bid for that amount.
Say it's 5% of income for 10 years. It doesn't matter if you are unemployed the whole time or win the Lottery, you owe the 5%.
Re:Collateralized vs Non-Collateralized Loans
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Let Them Eat Teslas
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· Score: 1
Sure it would. Just the terms would be worse. If anything it would help those who can get into great schools but can't afford it. If you take a lousy major from a lousy school your % of income for a certain loan will be much higher than if you took a major where you could make money.
Re:Collateralized vs Non-Collateralized Loans
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Let Them Eat Teslas
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· Score: 1
Think of it like buying stock. You get a cut of the profits. If the company is wiped out you take a loss.
Collateralized vs Non-Collateralized Loans
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Let Them Eat Teslas
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· Score: 5, Informative
They can always repo your car.
This is why Education should be funded where the risk is borne by the one making the loan. The repayment terms should be based on a percent of the students income for a fixed number of years.
The drugs wouldn't require the FDA to be released. But I don't think a labeling law would be too intrusive. It would state the current FDA status.
People and their doctors would determine their own risk.
I personally don't take any drugs that aren't at least 30 years old. Luckily I'm healthy. If I came down with a rare cancer and traditional methods didn't help who knows what I would try.
There are plenty of supplements, traditional remedies, and herbs that are regulated this way. There is potential for harm and yet somehow people manage.
Of course the drug companies would still do the studies and provide information to the doctors as a marketing tool. But also all of the disease organizations like American Diabetes Association would pay for or run their own studies to help their members decide what works.
Drug companies would be treated like food and vitamin company. They would need to list the ingredients and amounts in the drug. If what they sold didn't match the label they would be liable for any damages. That's it. Just like peanut butter can be a great cheap source of nutrition for some and a deadly poison for others. As long as the company lets you know there are peanuts in there it's up to you to eat it.
So no regulations required to prove a drug is safe or effective.
Get rid of patents. A company will make money by being first to market. Without the regulations and liability they can make much smaller and faster innovations.
The FDA would act like a consumer advocacy agency. They can fund and run studies and maintain a list in what drugs are good for what and what side effects have been reported. It would be up to the doctor, pharmacist, and ultimately patient to decide what to take.
When you fly opt out if the scanners. I always do and get the TSA Preflight Massage. If more people did this it would make it look like the invasion of privacy it really is. It would also make the lines so long they would have to change. So don't fly unless you must for your job and when you do opt out.
OK. That's a good answer. I thought the public and private keys were fixed lengths but I guess that's only for now. If they move to a new standard I guess everyone has to get a new wallet with longer keys and transfer to them?
I completely agree. I still don't think we really understand how stars work. I think the Electric Universe people might be on to something that the sun is powered externally and the fusion is taking place near the "surface" as an electromagnetic pinch and not in the interior. The Plasma Focus devices share similar characteristics and from an engineering and economics standpoint will be much better if the tech can be developed.
From an engineering standpoint the Dense Plasma Focus looks like the best option. I have no idea if it will really work but at least it looks like something that can be built and operated.
Slashdot Mirror
I graduated with an ME 20 years ago. Every time there is a new problem I have to relearn the material. Where the education helps is I at least know how to attack the problem even if I have to look up and relearn how to do the analysis.
I don't have friends.
The problem is the Incorporation Doctrine. The Bill of Rights should only apply to the Federal Government. State governments have their own constitutions to restrict them. If you want to ban video games do it at a state level. If you want gun control do it at a state level.
Education can be both a leisure activity and an investment. When picking a major you have to consider both. If you are rich and are going to school purely for leisure then it doesn't matter. It's like an American that can afford to spend a year in Europe. It is fun and it will lead to personal growth.
But if you don't have the money and are getting yourself in massive debt you better think of it as an investment. Will I get a return on the money I am spending or borrowing? If not pick another subject. You have a lifetime to study for leisure. If you have a well paying job you will have more resources to help you. It's like that trip to Europe. Its fine to go if you can afford it. If you have to put yourself into crippling debt to go it might not be such a good idea.
Let's turn it around. If you hire a company to cut yor lawn or perform some other routine service should you be forced to keep paying them unless you can prove to a court they aren't doing a good job?
I'm dating myself but I blame X-Wing for my bad college freshman grades. We would play the game on a my room mates 66 Mhz 486DX2. The sound was OK but the music was crap so we just put in a Star Wars CD and turned it up.
The energy management was such a great part of the game. Double Front my ass! Put all power into the engines and bob and weave.
I owe a percent of my income every year in taxes. How is it different?
The benefit for the student if such a market place existed would be a place to see what majors and schools are the best deal. The % rate for a $10k loan would be significantly less for a school and major that produced high income earners. Another benefit is knowing that no matter what happens you are never on the hook to make payments you can't afford.
The way this works is based on a fixed term of 10 years. You pay a percent of your income for those 10 years and that's it. There is no balance or interest to pay off. The amount is based on the income you file on your IRS forms.
I should have been more clear. It's not actually a loan but an investment. There is no balance or interest.
The person looking for the funds pledges a certain percent of their income for 10 years. I think this company does their own predictions and figures out how much money they will get per percent. But an exchange could be established where people bid for that amount.
Say it's 5% of income for 10 years. It doesn't matter if you are unemployed the whole time or win the Lottery, you owe the 5%.
Sure it would. Just the terms would be worse. If anything it would help those who can get into great schools but can't afford it. If you take a lousy major from a lousy school your % of income for a certain loan will be much higher than if you took a major where you could make money.
Think of it like buying stock. You get a cut of the profits. If the company is wiped out you take a loss.
They can always repo your car.
This is why Education should be funded where the risk is borne by the one making the loan. The repayment terms should be based on a percent of the students income for a fixed number of years.
These guys are trying to do it.
https://www.upstart.com/
The drugs wouldn't require the FDA to be released. But I don't think a labeling law would be too intrusive. It would state the current FDA status.
People and their doctors would determine their own risk.
I personally don't take any drugs that aren't at least 30 years old. Luckily I'm healthy. If I came down with a rare cancer and traditional methods didn't help who knows what I would try.
While we are waiting for drugs to be legalized your job is to get on juries and make sure non-violent drug offenders are found not-guilty.
There are plenty of supplements, traditional remedies, and herbs that are regulated this way. There is potential for harm and yet somehow people manage.
Of course the drug companies would still do the studies and provide information to the doctors as a marketing tool. But also all of the disease organizations like American Diabetes Association would pay for or run their own studies to help their members decide what works.
The FDA has a budget of around $4B with $2B from fees paid by drug manufacturers.
Here is a perfect system.
Drug companies would be treated like food and vitamin company. They would need to list the ingredients and amounts in the drug. If what they sold didn't match the label they would be liable for any damages. That's it. Just like peanut butter can be a great cheap source of nutrition for some and a deadly poison for others. As long as the company lets you know there are peanuts in there it's up to you to eat it.
So no regulations required to prove a drug is safe or effective.
Get rid of patents. A company will make money by being first to market. Without the regulations and liability they can make much smaller and faster innovations.
The FDA would act like a consumer advocacy agency. They can fund and run studies and maintain a list in what drugs are good for what and what side effects have been reported. It would be up to the doctor, pharmacist, and ultimately patient to decide what to take.
When you fly opt out if the scanners. I always do and get the TSA Preflight Massage. If more people did this it would make it look like the invasion of privacy it really is. It would also make the lines so long they would have to change. So don't fly unless you must for your job and when you do opt out.
OK. That's a good answer. I thought the public and private keys were fixed lengths but I guess that's only for now. If they move to a new standard I guess everyone has to get a new wallet with longer keys and transfer to them?
Why is the corona so much hotter than the rest if the sun? There are a few theories but nothing proven.
Just curious. How long before technology gets to the point you can defeat the encryption of a bitcoin?
I completely agree. I still don't think we really understand how stars work. I think the Electric Universe people might be on to something that the sun is powered externally and the fusion is taking place near the "surface" as an electromagnetic pinch and not in the interior. The Plasma Focus devices share similar characteristics and from an engineering and economics standpoint will be much better if the tech can be developed.
From an engineering standpoint the Dense Plasma Focus looks like the best option. I have no idea if it will really work but at least it looks like something that can be built and operated.