JamesianP

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91.
by JamesianP 4y ago
I've never been impressed by tech startups "disrupting" boring traditional industries. Except that perhaps some of their technology problems may be interesting. But overall, you're now working/investing in a boring
92.
by JamesianP 4y ago
Well I mean the US is the biggest and richest rich country by a large margin. And has maintained a continuously functioning financial system for centuries now (though I do wish they would let it crash and be replaced sometimes when it so-ri
93.
by JamesianP 4y ago
I would have assumed separating money and state simply means the state can no longer control money creation. So yes it would be similar to using gold as a currency. Just high tech. Though with all the hype I'm sure there was a lot of c
94.
by JamesianP 4y ago
I'm describing what fractional reserve means. Technically that fraction has been set to zero very recently so it is trivial though still not false. This was discussed a lot elsewhere on this board.
95.
by JamesianP 4y ago
It's more accurate to say they loan out a multiple of deposits based on the inverse of the fraction (the "money multiplier"). If someone puts 1 million in the bank and the fractional reserve is 20 percent, they can now create
96.
by JamesianP 4y ago
The article says the SEC is investigating. So the above poster is probably just being cynical at this point.
97.
by JamesianP 4y ago
...yes I did. Your post at least, which was short and sweet. Bravo. I did not read the wiki article and don't plan to, but I skimmed the other one. Got as far as this at least: "Means and Strategies: The FDIC maintains the viabili
98.
by JamesianP 4y ago
How much is the total liability they are guaranteeing? And $119 billion where exactly? In US treasuries? If so it's about as safe as the social security "fund". What if the "customer issue" includes a govt default?
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by JamesianP 4y ago
It may be that what the FDIC promises to do is not in sync with what it can actually afford to do.
100.
by JamesianP 4y ago
Professors historically were prohibited from relationships with students because it creates the appearance (and high likelihood) of favoritism. And it probably pisses parents off a lot because the age difference seems creepy. "Power&qu
101.
by JamesianP 4y ago
I would think the worst of such edge cases should be prohibited by law anyway. A set of more subjects is presumably a superset of a set with less subjects. So any issues can be addressed by screening them better. I suppose there could be a
102.
by JamesianP 4y ago
I wouldn't say they ignore it, but rather they categorically have decided that is an unethical justification. E.g. it doesn't matter if experimenting on patients without their consent saves more lives in the future, it is still wr
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by JamesianP 4y ago
Perhaps because addressing people comes with more implications and possible angles for communication with those people. So "guys" fits the bill for one desired nuance that became more popular in culture (the "laid back"
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by JamesianP 4y ago
> All equally mind-blowing to the populace who expected a workplace would have an elevator, and a coffee machine nobody refills. There was a "coffee pool", where you joined to contribute a dollar or something a week and someone
105.
by JamesianP 4y ago
The controversy was bigger than an academic freedom issue. But the talk was mainly concerned wit Stanford's behavior in reaction to the controversy and academic freedom implications. This is indeed a "policy" guy who brings e
106.
by JamesianP 4y ago
Specifically a controversial opinion precisely within his academic field at a time when the topic mattered the most. Authoritarian societies will let you freely say non-controversial things too. He is not just complaining about students but
107.
by JamesianP 4y ago
I think it's more that managers seek to maximize their career advantage by having the work done according to "their idea". Then the engineer is just a commodity resource implementing what they are told. And to the degree that
108.
by JamesianP 4y ago
I don't see where you get any of these assumptions. If anything I'd say a phd is disproportionately attractive to poor students precisely because it pays living expenses, unlike many popular professional degrees which are much mor
109.
by JamesianP 4y ago
A large majority of the US owns their homes and has been greatly enriched by the distorted housing market. It's a moral hazard resulting from democracy if anything, as people vote themselves into housing monopolies and other advantage
110.
by JamesianP 4y ago
They were comparing later Einsten to young Einsten, not to the rest of us. Most of the discoveries you listed earlier came during the "miracle year" in his mid 20s. The remaining one (general relativity) came about ten years late
111.
by JamesianP 4y ago
I looked into it years ago and a moped license was way easier to get than a motorcycle license. Now it appears they both have the same requirements, just the M2 is more restricted in what it can be used for.
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by JamesianP 4y ago
But this individual does not have control over any number of people, only their own vote. And the effect of a single vote is provably negligible in almost every election in history. So lecturing them about what a group can accomplish with c
113.
by JamesianP 4y ago
It's also a way to take advantage of high-priced stock while they can. Of course that doesn't mean they should hire recklessly and pay through the nose for people to do VR research or whatever that won't pay off this decade.
114.
by JamesianP 4y ago
I haven't followed this guy. Or Tesla. But the covid stock market seems like a govt/fed creation. Not to mention gas prices benefiting Tesla like that. I don't blame anyone for not predicting the appearance of giant and unpre
115.
by JamesianP 4y ago
grad school wasn't a grind in my experience. Definitely easier and more fun than a real job, apart from the sparse high-stress deadlines of course. I think that's generally the norm in the US (except in chemistry I hear?)
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by JamesianP 4y ago
I'd say it's a suspicion of the values and political agendas/biases of intellectuals as a social class. I know professionals living in other countries who believe every silly conspiracy theory they see on youtube too. That pa
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by JamesianP 4y ago
In my experience it's almost always the case with industry that you end up in some adjacent niche that isn't quite exactly what you want to do, even if you never leave the field of your schooling. By that I mean it may be a lot ea
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by JamesianP 4y ago
IANAL but severance isn't required by California law so I'd think that if their employment contract promises some, the situation completely depends on what else the contract has to say about conditions where it can be taken away.
119.
by JamesianP 4y ago
They probably did completely cut some teams entirely but also kept some entire teams deemed critical (or maybe that's the ones they want to return). Besides that it generally comes down to instructing every group to pick out X percent
120.
by JamesianP 4y ago
They did almost a hundred acquisitions, mostly thanks to their high-flying stock. Their eggs weren't all in one basket (though they sure did their best to act like they were). Maybe they just couldn't make any more hits out of the

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