Ultimately, you pay for those through higher prices, because the merchants have to pay whopping fees on the transactions. Why do that to yourself? Why do that to a merchant whom you actually like?
Yes, merchants do pay a fee to process credit cards. But there's a reason why restaurants were the first industry where credit cards really took off: people spend more when they pay with credit. The 2.7% fee is a negligible cost compared to the high-margin drinks and desserts a customer will add to their order.
I see this idea of floating, zero-waste cities like the ISS. By adding constraints to a system, there is a high likelihood that new solutions and technologies will be created that will spur benefits in existing cities.
Every drop of oil not burned in Norway is a drop that might not be burned at all: if not used as fuel, it could instead be used in plastics, lubricants, or petrochemicals.
Once Apple Pay gained traction, the next logical step was to eliminate the need for a card. NFC acceptance is spreading, and the need for a physical card is diminishing. And Apple, due to its size and user base, is in a unique position to take on the Visa-Mastercard duopoly. From Apple's POV, the MC option is temporary.
This doesn't have to do with private ownership. And "shame" isn't required.
These are regulated utilities. The government enforces compliance and price setting. Pricing is where the problem is. If prices weren't set artificially low, the increased price would spur conservation and allow for increased capital expenditure on the infrastructure.
This isn't a UK-only problem, it happens all over. The price is determined by water delivery only, without account for loss due to leaks or exhaustion of the source. Regulators should allow for stepped pricing, based on usage and number of people in the household.
I wonder how a robo-CEO would react to its robotic slot machine brethren down on the casino floor, getting constantly yanked off without their consent.
It'll be the death of a thousand cuts. Eventually the job losses will...
The thing about the slippery slope is that it can become less slippery at any time. For example, casino customers might find that they prefer getting their drinks from friendly humans instead of robo-bartenders. With foot traffic going to competing casinos, suddenly MGM's cost savings are negated by lower revenue.
People still sit down at poker tables with human dealers. Video poker has been around for a while now. What the customers pay for, the casinos will provide.
Human drivers are liable for breaking traffic laws when using company-owned vehicles. This isn't new. Just because this vehicle was testing autonomous driving doesn't mean the human sitting inside is exempt from liability. She had one job while sitting in that car, and it wasn't watching videos on her phone.
Secondly, it was found that Uber isn't criminally liable; they could still be hit with a civil suit.
Cities that face winter use poured slabs for sidewalks because there are no cracks for the water to get into, freeze and then expand and break material.
The problem with capitalism today, is it is in a feedback loop where the rich gets richer and the poor gets poorer. The richer you are the lower your interest rates are on a loan because you are considered a safer investment. The poorer you are the higher your interest rates, because you are a high risk. It is more expensive to be poor, so you have less money to save and use to get out the cycle. While when one is rich they have excess capital, which they just can reinvest and use to increase their profits.
True, the rich are getting richer, but not at the expense of the poor.
If the poor were getting poorer, it would be better to be poor 50 years ago than to be poor today, right? But -- speaking for myself -- I'd much prefer to be poor today. The capitalist system has enabled the number of millionaires and billionaires to grow... but has also benefited the poor. Clothing, and food are all more affordable now than they used to be. Affordability of essentials is important to the poor. In 1950, food expense took up 1/3 of a household budget; now it's less than half that. And technology is now widely available to members of all social classes. Last year's billionaire smartphone (iPhone 6) is today's a middle class device.
And technology has enabled new businesses to form. That excess capital that funded eBay has allowed for thousands of small businesses to launch. That's a good thing for the lower class. On top of that, one of the billionaires created by eBay is giving it all away.
Yeah, but I think it was more like 20 years ago. Called Gooey I think. IIRC, it was more like graffiti that you could put on any website, seen only by others using Gooey.
What I don't understand is why bank lend money to such companies.
Lenders don't lend money under the expectation that they'll get all of it back. That's what interest is for: it's the cost of the money. One of the costs of lending is covering defaulting loans. If the lender did their job right, the interest rate they accepted on the debt is commensurate with their risk, based on the financials of the business and the faith in management.
Slashdot Mirror
Ultimately, you pay for those through higher prices, because the merchants have to pay whopping fees on the transactions. Why do that to yourself? Why do that to a merchant whom you actually like?
Yes, merchants do pay a fee to process credit cards. But there's a reason why restaurants were the first industry where credit cards really took off: people spend more when they pay with credit. The 2.7% fee is a negligible cost compared to the high-margin drinks and desserts a customer will add to their order.
Growth leveling off? If Amazon Retail was a Google product, they would discontinue it and boot off all the users 12 months from now.
"Everyone" is not moving to EVs. The top 3 selling vehicles in the US are pickup trucks. Will they become EVs? Not any time soon. Hybrids? Likely.
I see this idea of floating, zero-waste cities like the ISS. By adding constraints to a system, there is a high likelihood that new solutions and technologies will be created that will spur benefits in existing cities.
Every drop of oil not burned in Norway is a drop that might not be burned at all: if not used as fuel, it could instead be used in plastics, lubricants, or petrochemicals.
Less than a week ago, a couple of guys were busted for planting 30 cameras in hotel rooms in Korea. They then sold the livestreams to subscribers.
I don't see this as a problem created by AirBNB disrupting the hotel industry; it's a result of small, cheap, network accessible cameras.
Sorry that's not something I want to worry about on my vacation, still sticking with a fairly known hotel chain.
That's right, hotel rooms are special anti-camera zones; there's no problems with hidden cameras there.
He brought the Green New Deal up for a vote.... and the vote to limit the national emergency powers of the President.
This is very different from GE or Sears.
Once Apple Pay gained traction, the next logical step was to eliminate the need for a card. NFC acceptance is spreading, and the need for a physical card is diminishing. And Apple, due to its size and user base, is in a unique position to take on the Visa-Mastercard duopoly. From Apple's POV, the MC option is temporary.
Considering there are as many guns as people, it's astonishing how few gun crimes there are in the US...
This doesn't have to do with private ownership. And "shame" isn't required.
These are regulated utilities. The government enforces compliance and price setting. Pricing is where the problem is. If prices weren't set artificially low, the increased price would spur conservation and allow for increased capital expenditure on the infrastructure.
This isn't a UK-only problem, it happens all over. The price is determined by water delivery only, without account for loss due to leaks or exhaustion of the source. Regulators should allow for stepped pricing, based on usage and number of people in the household.
France has the most chefs with Michelin stars, so why do new Chinese and kebab restaurants keep opening up?
Twitter? Isn't this kind of thing more appropriate for Etsy?
"Handmade by local artisans, not by a big corporation. Our carbon footprint is 5x lower than other countries in the region."
I wonder how a robo-CEO would react to its robotic slot machine brethren down on the casino floor, getting constantly yanked off without their consent.
It'll be the death of a thousand cuts. Eventually the job losses will...
The thing about the slippery slope is that it can become less slippery at any time. For example, casino customers might find that they prefer getting their drinks from friendly humans instead of robo-bartenders. With foot traffic going to competing casinos, suddenly MGM's cost savings are negated by lower revenue.
People still sit down at poker tables with human dealers. Video poker has been around for a while now. What the customers pay for, the casinos will provide.
Human drivers are liable for breaking traffic laws when using company-owned vehicles. This isn't new. Just because this vehicle was testing autonomous driving doesn't mean the human sitting inside is exempt from liability. She had one job while sitting in that car, and it wasn't watching videos on her phone.
Secondly, it was found that Uber isn't criminally liable; they could still be hit with a civil suit.
Cities that face winter use poured slabs for sidewalks because there are no cracks for the water to get into, freeze and then expand and break material.
Pavers are used all over Europe (including in the north) for streets and walkways. Wikipedia showing description and examples.
The problem with capitalism today, is it is in a feedback loop where the rich gets richer and the poor gets poorer. The richer you are the lower your interest rates are on a loan because you are considered a safer investment. The poorer you are the higher your interest rates, because you are a high risk. It is more expensive to be poor, so you have less money to save and use to get out the cycle. While when one is rich they have excess capital, which they just can reinvest and use to increase their profits.
True, the rich are getting richer, but not at the expense of the poor.
If the poor were getting poorer, it would be better to be poor 50 years ago than to be poor today, right? But -- speaking for myself -- I'd much prefer to be poor today. The capitalist system has enabled the number of millionaires and billionaires to grow... but has also benefited the poor. Clothing, and food are all more affordable now than they used to be. Affordability of essentials is important to the poor. In 1950, food expense took up 1/3 of a household budget; now it's less than half that. And technology is now widely available to members of all social classes. Last year's billionaire smartphone (iPhone 6) is today's a middle class device.
And technology has enabled new businesses to form. That excess capital that funded eBay has allowed for thousands of small businesses to launch. That's a good thing for the lower class. On top of that, one of the billionaires created by eBay is giving it all away.
I would go as far as to say that their last good improvement was probably made 15 years ago.
I would say that it was in 2013, when they started allowing up to 50 listings per month without a listing fee. And that was way overdue.
The Tesla Model 3 is way more expensive than 39,900 euros
...and so is the Polestar.
You don't even need to read TFA, it's right in the summary: "All this will eventually cost about 39,900 euros".
Just like the Model 3 will eventually hit the $35,000 mark that was promised when it launched.
Netflix made 16 billion in profit last year.
Netflix made $16B in revenue in 2018.
Net income was $1.2B.
Yeah, but I think it was more like 20 years ago. Called Gooey I think. IIRC, it was more like graffiti that you could put on any website, seen only by others using Gooey.
What I don't understand is why bank lend money to such companies.
Lenders don't lend money under the expectation that they'll get all of it back. That's what interest is for: it's the cost of the money. One of the costs of lending is covering defaulting loans. If the lender did their job right, the interest rate they accepted on the debt is commensurate with their risk, based on the financials of the business and the faith in management.
They probably risk losing the severance package as well.
....what happens after two years?