Re:Collateralized vs Non-Collateralized Loans
on
Let Them Eat Teslas
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· Score: 1
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.
This is how my British student loan works. The government underwrites the risk, some privatised company manages everything, and I pay off the loan gradually -- minimum 9% of my earnings over £16,000. The interest rate is low (it was very low, but they changed the rules -- I think it's now 1.5%).
If I were to earn less than £16,000 I wouldn't pay off anything. If I die, or become permanently unable to work, the loan is written off. Everyone is entitled to one loan (I think).
I see 11 access points sitting at home, in a chunky brick building. If I take the metro into central London I go past 10 access points just underground (in the stations, and that's only the public ones).
Heading straight home gives another 10 + 11, so that's already over your average.
(My own router's signal doesn't reach from one end of the flat to the other, due to the chunky walls, and most of the 11 signals I see are very weak, so I probably hit 5-10 see-you see-you-nots just going to the kitchen and back.)
I actually cycle to work. I wonder if my phone has enough time to detect all the residential connections I go past? I doubt it, but there should be enough slow bits (corners, junctions) to plot my route exactly.
Yeah, I heard somewhere that many schools avoid subjects like that now in order to meet grading standards.
In this case, the government removed the subject from the official curriculum (British students can choose what they study, at age 14-16 and again at 16-18, from what a school offers. The school chooses what to offer from what the government permits).
I don't know why -- I was only about 6 years old. I remember my dad being really sad that the subject he'd taught for 15 years or so, in a rough area but in a city known for good engineering (making it a subject the usually "mischievous" boys actually liked and respected) was abandoned.
I don't have that reason, as the business name shows up on the bank statement, along with the reference string given with the transaction (usually an account number, but it's easy to set to 'concert ticket' if paying back a friend, for example). It's the same whether I send or receive money.
Even PayPal (hence eBay) put the person's account name in the reference field; "PayPal 09458kc-JoeBloggs CN £12.12".
Depositing cheques (or cash) just shows as "CREDIT", using a cheque just shows as "CHQ 000002".
Back in the 1990s AutoDesk released software for other platforms -- I own AutoSketch for the Acorn Archimedes, and Wikipedia suggests that was released on Atari too. It probably won't be fast, and we probably won't hear about it until it's ready, but there's no technical reason AutoDesk must stick to Windows.
(My dad taught engineering drawing in secondary schools in the 1980s and early 1990s (before the subject was abandoned). He also taught bitmap computer graphics. Most of my childhood art is computer printouts, including lots of people drawn from hexagons on an isometric grid.)
In the US they are still the primary way to pay. Even if I pay "online", the payment is often in the form of a check. For vendors that aren't signed up in their system, the bank even sends a check out via snail mail. For bank transfers, a ACH is often used, which is basically just an e-check.
Who pays for this?
Cheques still exist in Britain. I think I use about one a year, although I probably pay in about 5. However, most businesses avoid accepting them where they can. The costs to deal with them are quite high, both in bank charges and staff time, and the clearing time is lost interest. I don't think shops accept them any more, but it's still an option (although discouraged) for paying bills and making charitable donations. It's a pretty normal way to pay an independent tradesman (plumber, electrician etc), but even they often accept other means.
Electronic payments are either "instant" (max two hours, usually within five minutes), or -- if both banks aren't signed up to the system -- the next day (probably overnight).
Cheques and electronic transfers are free for individuals, but businesses pay. I've never looked before, but it seems Barclays charge big businesses 15p to receive an electronic deposit, and 94p to deposit a cheque. (And 48p per £100 to deposit cash.)
I've seen the view over Greenland once, it is indeed incredible. It only a year ago, so everyone had their own screen in the seat in front and the light from windows didn't really matter. Annoyingly, it was the first flight I've taken in the last five or so years when I've put my camera in my checked luggage.
The other 9 or so times it's been cloudy. I think you're lucky to see the mountains and glaciers.
South East England in the winter just after dusk is also amazing, on a clear day. There's so many trains snaking lines of light over the landscape, and lots of sparkling lighting from buildings and road vehicles.
This island, and the "nearby" St Helena, are interesting places.
One of my colleagues is from St Helena, population about 4000. She grew up on the island, and remoteness and cost of travel is so high that the first time she ever left it was age 18, to attend university in the UK. Both island groups are UK overseas territories, and receive British TV, news etc, but I'm not sure that's much preparation for actually living in a country where we call a settlement of 4000 people a "village".
There remoteness also gives them unique flora and fauna
I'd argue that LSD and MD*A (ie, hippie/rave drugs) actually increase one's ability to perceive subtle differences in sound. alcohol, without a doubt, reduces it. Pot is debatable.
I'm completely put off by the uncertainty of what I'd be buying, and from watching the people that do take various drugs. I've considered MDMA, but I'm not interested enough to try it. (I don't use caffeine, so a large cola can get me pretty excited...)
Most people at the clubs I go to do amphetamines or ketamine. It seems to make them boring to talk to (too easily distracted, unable to concentrate enough to finish a sentence).
Examples of things I remember getting stuck in my head: - Original Dr Who theme - Twinkle, twinkle, little star - Amazing horse (meme) - They've taken the Hobbits to Isengard! (meme) - The sound the metro trains going over the bridge next to my house make, every 90 seconds (szszszszszszsz dum-dum, dum-dum--dum-dum, dum-dum--dum-dum, dum-dum--dum-dum, dum-dum--dum-dum, dum-dum--dum-dum, dum-dum szszszszszszszsz) - Little chunks of music, which bug me for a week until I remember the song they're from.
Vinyl remains king in the electronic/hiphop/whatever DJ scene.
Where sound quality is of absolutely no concern.
Not quite. It's really obvious if the instruments (synthesisers etc) are cheap, poor quality ones, and quite common for people to consider how good a venue's sound is before seeing a band/DJ play.
In any case, I've not seen a DJ using a turntable since... ever (~2004)? They use either laptops or CDs. Most electronic bands I see use at least one laptop.
I don't know what kind of incompetent banks you have where you live, but banks here don't let anyone with an IBAN set up a direct debit. Our direct debits here in Portugal need to be authorized by the account holder, after proper authentication.
How is the authorisation done?
In the UK you can set up a recurring payment with a name, address and bank account number (e.g. filling in a form for a regular donation to a charity).
e.g.: http://news.bbc.co.uk/1/hi/7174760.stm (You can undo it, and shouldn't lose any money -- the millionaire TV presenter in the article probably thought he'd look bad if he asked for the donation to be undone -- but that's not my idea of fun.)
You can speak in North Korea. The repercussions can be awful, as some of the people in forced labour camps (or dead), or even their children, demonstrate.
Let's see what happens after the current BitCoin bubble pops before making any prognostications about is long term viability.
I bought one on 9/3/2013, after a Slashdot post about them. I thought it would be an experiment to work out how the system worked, and I could afford to lose the $30 it cost, if that happened.
As of now, it's worth $70. That's crazy inflation... I shouldn't have chicken out from my original plan to buy $100 worth.
That's what surprises me most, especially with America's free speech stuff.
What?
Freedom to speak does not mean freedom from repercussions of what you say. It means only that no-one has the right to prevent you from speaking in the first place.
Oh, just like North Korea then?
My point was that in a country that values free speech so highly, I expect that to be reflected in the society (and it is) and its laws (which in this case, it seems it isn't).
(A country that values children very highly might ensure parents get a long time off work to care for them, that schools are excellent, that children are happy, etc.)
Freedom is not possible without corresponding levels of individual responsibility, or all dissolves into chaos.
I think the balance is off-centre here -- it's weighted in favour of the employer.
The British laws here aren't particularly about free speech/expression, although since this case is that makes the result in America more surprising.
It's basic employment law. Showing up late to work often enough, or not following instructions, or not using safety equipment, or doing a sloppy job would all follow the same process.
Slashdot Mirror
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.
This is how my British student loan works. The government underwrites the risk, some privatised company manages everything, and I pay off the loan gradually -- minimum 9% of my earnings over £16,000. The interest rate is low (it was very low, but they changed the rules -- I think it's now 1.5%).
If I were to earn less than £16,000 I wouldn't pay off anything. If I die, or become permanently unable to work, the loan is written off. Everyone is entitled to one loan (I think).
I see 11 access points sitting at home, in a chunky brick building. If I take the metro into central London I go past 10 access points just underground (in the stations, and that's only the public ones).
Heading straight home gives another 10 + 11, so that's already over your average.
(My own router's signal doesn't reach from one end of the flat to the other, due to the chunky walls, and most of the 11 signals I see are very weak, so I probably hit 5-10 see-you see-you-nots just going to the kitchen and back.)
I actually cycle to work. I wonder if my phone has enough time to detect all the residential connections I go past? I doubt it, but there should be enough slow bits (corners, junctions) to plot my route exactly.
The French reprocessing plant is this one: http://en.wikipedia.org/wiki/COGEMA_La_Hague_site
There's a list of all of them: http://en.wikipedia.org/wiki/Nuclear_fuel_reprocessing_plant#List_of_sites
Yeah, I heard somewhere that many schools avoid subjects like that now in order to meet grading standards.
In this case, the government removed the subject from the official curriculum (British students can choose what they study, at age 14-16 and again at 16-18, from what a school offers. The school chooses what to offer from what the government permits).
I don't know why -- I was only about 6 years old. I remember my dad being really sad that the subject he'd taught for 15 years or so, in a rough area but in a city known for good engineering (making it a subject the usually "mischievous" boys actually liked and respected) was abandoned.
I don't have that reason, as the business name shows up on the bank statement, along with the reference string given with the transaction (usually an account number, but it's easy to set to 'concert ticket' if paying back a friend, for example). It's the same whether I send or receive money.
Even PayPal (hence eBay) put the person's account name in the reference field; "PayPal 09458kc-JoeBloggs CN £12.12".
Depositing cheques (or cash) just shows as "CREDIT", using a cheque just shows as "CHQ 000002".
I've just read the Wikipedia page -- apparently there's AutoCAD for Mac OS already.
http://en.wikipedia.org/wiki/AutoCAD#Mac_OS
I'm amazed they sell the light version through the App store -- don't Apple take a hefty cut of those sales?
Back in the 1990s AutoDesk released software for other platforms -- I own AutoSketch for the Acorn Archimedes, and Wikipedia suggests that was released on Atari too. It probably won't be fast, and we probably won't hear about it until it's ready, but there's no technical reason AutoDesk must stick to Windows.
(My dad taught engineering drawing in secondary schools in the 1980s and early 1990s (before the subject was abandoned). He also taught bitmap computer graphics. Most of my childhood art is computer printouts, including lots of people drawn from hexagons on an isometric grid.)
In the US they are still the primary way to pay. Even if I pay "online", the payment is often in the form of a check. For vendors that aren't signed up in their system, the bank even sends a check out via snail mail. For bank transfers, a ACH is often used, which is basically just an e-check.
Who pays for this?
Cheques still exist in Britain. I think I use about one a year, although I probably pay in about 5. However, most businesses avoid accepting them where they can. The costs to deal with them are quite high, both in bank charges and staff time, and the clearing time is lost interest. I don't think shops accept them any more, but it's still an option (although discouraged) for paying bills and making charitable donations. It's a pretty normal way to pay an independent tradesman (plumber, electrician etc), but even they often accept other means.
Electronic payments are either "instant" (max two hours, usually within five minutes), or -- if both banks aren't signed up to the system -- the next day (probably overnight).
Cheques and electronic transfers are free for individuals, but businesses pay. I've never looked before, but it seems Barclays charge big businesses 15p to receive an electronic deposit, and 94p to deposit a cheque. (And 48p per £100 to deposit cash.)
... for those of you who have never been to Scotland, is that you might enjoy its landscape when flying over it.
The only thing you can see when flying over Scotland is the top of the rainclouds.
I can only comment on the west coast, as that's the only part I've ever flown over, but I think the cloud tends to form at least a little inland.
I had nice views: http://i.imgur.com/cj5qwuT.jpg (not very well photographed). It's very nice, lots of lochs, rivers and mountains.
I've seen the view over Greenland once, it is indeed incredible. It only a year ago, so everyone had their own screen in the seat in front and the light from windows didn't really matter. Annoyingly, it was the first flight I've taken in the last five or so years when I've put my camera in my checked luggage.
The other 9 or so times it's been cloudy. I think you're lucky to see the mountains and glaciers.
South East England in the winter just after dusk is also amazing, on a clear day. There's so many trains snaking lines of light over the landscape, and lots of sparkling lighting from buildings and road vehicles.
This island, and the "nearby" St Helena, are interesting places.
One of my colleagues is from St Helena, population about 4000. She grew up on the island, and remoteness and cost of travel is so high that the first time she ever left it was age 18, to attend university in the UK. Both island groups are UK overseas territories, and receive British TV, news etc, but I'm not sure that's much preparation for actually living in a country where we call a settlement of 4000 people a "village".
There remoteness also gives them unique flora and fauna
It's going to be a heck of a commute, from the UK to Sunnyvale.
Yahoo have an office in central London.
I'd argue that LSD and MD*A (ie, hippie/rave drugs) actually increase one's ability to perceive subtle differences in sound. alcohol, without a doubt, reduces it. Pot is debatable.
I'm completely put off by the uncertainty of what I'd be buying, and from watching the people that do take various drugs. I've considered MDMA, but I'm not interested enough to try it. (I don't use caffeine, so a large cola can get me pretty excited...)
Most people at the clubs I go to do amphetamines or ketamine. It seems to make them boring to talk to (too easily distracted, unable to concentrate enough to finish a sentence).
That's tame.
Examples of things I remember getting stuck in my head:
- Original Dr Who theme
- Twinkle, twinkle, little star
- Amazing horse (meme)
- They've taken the Hobbits to Isengard! (meme)
- The sound the metro trains going over the bridge next to my house make, every 90 seconds (szszszszszszsz dum-dum, dum-dum--dum-dum, dum-dum--dum-dum, dum-dum--dum-dum, dum-dum--dum-dum, dum-dum--dum-dum, dum-dum szszszszszszszsz)
- Little chunks of music, which bug me for a week until I remember the song they're from.
Fortunately I am rendered immune by never having heard a single song or artist that was listed.
I went shopping for clothes and heard all the songs I was happily oblivious to before :-(
I walked out of a couple of shops just because the music was so distasteful.
It's really obvious if the instruments (synthesisers etc) are cheap, poor quality ones...
I should say, it's really obvious to me, and others, but certainly a lot of people don't care.
I wear high-ish quality earplugs (£20), and don't take any drugs beyond one or two alcoholic drinks.
Vinyl remains king in the electronic/hiphop/whatever DJ scene.
Where sound quality is of absolutely no concern.
Not quite. It's really obvious if the instruments (synthesisers etc) are cheap, poor quality ones, and quite common for people to consider how good a venue's sound is before seeing a band/DJ play.
In any case, I've not seen a DJ using a turntable since... ever (~2004)? They use either laptops or CDs. Most electronic bands I see use at least one laptop.
I don't know what kind of incompetent banks you have where you live, but banks here don't let anyone with an IBAN set up a direct debit. Our direct debits here in Portugal need to be authorized by the account holder, after proper authentication.
How is the authorisation done?
In the UK you can set up a recurring payment with a name, address and bank account number (e.g. filling in a form for a regular donation to a charity).
e.g.: http://news.bbc.co.uk/1/hi/7174760.stm (You can undo it, and shouldn't lose any money -- the millionaire TV presenter in the article probably thought he'd look bad if he asked for the donation to be undone -- but that's not my idea of fun.)
You can speak in North Korea. The repercussions can be awful, as some of the people in forced labour camps (or dead), or even their children, demonstrate.
Let's see what happens after the current BitCoin bubble pops before making any prognostications about is long term viability.
I bought one on 9/3/2013, after a Slashdot post about them. I thought it would be an experiment to work out how the system worked, and I could afford to lose the $30 it cost, if that happened.
As of now, it's worth $70. That's crazy inflation... I shouldn't have chicken out from my original plan to buy $100 worth.
The number validates, which would be unlikely if you made it up.
I'll keep mine to myself, as I'd rather not have the hassle of being signed up to various direct debits...
That's what surprises me most, especially with America's free speech stuff.
What?
Freedom to speak does not mean freedom from repercussions of what you say. It means only that no-one has the right to prevent you from speaking in the first place.
Oh, just like North Korea then?
My point was that in a country that values free speech so highly, I expect that to be reflected in the society (and it is) and its laws (which in this case, it seems it isn't).
(A country that values children very highly might ensure parents get a long time off work to care for them, that schools are excellent, that children are happy, etc.)
Freedom is not possible without corresponding levels of individual responsibility, or all dissolves into chaos.
I think the balance is off-centre here -- it's weighted in favour of the employer.
Whatever difference you're thinking of probably isn't that relevant in reality: http://en.wikipedia.org/wiki/Ease_of_doing_business_index#Ranking
Richard Stallman gives good reasons why this CC license is the wrong one to use: http://stallman.org/articles/online-education.html
The British laws here aren't particularly about free speech/expression, although since this case is that makes the result in America more surprising.
It's basic employment law. Showing up late to work often enough, or not following instructions, or not using safety equipment, or doing a sloppy job would all follow the same process.