harryh

92 ms·

931.
by harryh 8y ago
Since we're close to the topic, let's take a moment to all remember that Flash Boys is a crappy book that gets a lot of stuff really really wrong. Read the rebuttal! https://www.amazon.com/Flash-Boys-Insiders-Persp
932.
by harryh 8y ago
Er, I screwed that up. China emits 11 gigatonnes. The US emits ~half that. So more like 800 billion or 4% of GDP. About what we spend on Medicare. Of course, even if US emissions went to zero, it wouldn't be enough to stop global warmi
933.
by harryh 8y ago
Just adding on to this, some math: The US emits about 11 gigatonnes of CO2 per year. At $150/ton, sequestering it all would cost 1.65 trillion dollars or about 8.25% of GDP. That's about what we spend on social security and the mi
934.
by harryh 8y ago
In case you haven't seen it, this read on the SPLC was eye opening: https://www.newyorker.com/news/news-desk/the-reckoning-of-mo... From a recent issue of The New Yorker.
935.
by harryh 8y ago
The financiers are working in close concert with the university. It's basically a partnership.
936.
by harryh 8y ago
It's not that either.
937.
by harryh 8y ago
If a student with an ISA doesn't get a good job after graduation, the school gets nothing (or not much). If the student does get a good job, the school gets paid more. Thus the school is highly incentivized to make sure that their grad
938.
by harryh 8y ago
OP wasn't talking about funding the school via federal student loans, but instead via taxes which is why the inequality in my comment said "tax funded" and not "loan funded."
939.
by harryh 8y ago
If the point you are trying to make is: 1) loans should be dischargeable via bankruptcy so that 2) lenders refuse to make such large loans so that 3) tuitions are forced down Then I think that's a perfectly fine point of vie
940.
by harryh 8y ago
ISAs != tax funded education because the former closely aligns the incentives of the educator with the educated while the latter does not.
941.
by harryh 8y ago
Student loans were much much smaller in the era you refer to (before 1976 when the law was changed). Behavior would be much different today with the much larger debts people take on.
942.
by harryh 8y ago
If college loans could be discharged via bankruptcy it wouldn't just be liberal arts majors with 100k loans who did it, EVERYONE would. Even people graduating and taking high paying jobs who could easily pay back the loans. Saying that
943.
by harryh 8y ago
Indentured servitude requires someone to work for a particular employer for a fixed period of time. ISAs do not do this. Words have meanings. You don't get to just ignore them to make an emotional point.
944.
by harryh 8y ago
Your proposal is unworkable because virtually everyone graduates from college with close to zero assets. No matter what someone's ability to repay their loans were, they would have a huge incentive to declare bankruptcy on the day they
945.
by harryh 8y ago
The programs coached by all of the coaches on those lists make more money than they cost. That's not true for all athletic departments. But it is for the big name one where coaches get paid millions.
946.
by harryh 8y ago
It's not clear to me what Columbia did wrong. She got a PhD there, likely for free, and after graduation was able to secure a tenure track job at a decent university. She was set up pretty well at that point. The issues that came after
947.
by harryh 8y ago
Just one example: "It is estimated that at least 100,000 Union soldiers were boys under 15 years old and about 20 percent of all Civil War soldiers were under 18." http://civilwarsaga.com/child-soldiers-in-the-civi
948.
by harryh 8y ago
I dunno about this one essay, but let's all remember that Flash Boys is a very bad book that gets almost everything wrong. Read the extensive rebuttal for all the details: https://www.amazon.com/Flash-Boys-Insiders-Pers
949.
by harryh 8y ago
The vast majority of the shares owned by the major investors aren't sold on the day of the IPO.
950.
by harryh 8y ago
It's only a huge waste of human capital if people are actually building a lot of capital in college. There is a lot of evidence that they are not and that it's mostly a signaling exercise.
951.
by harryh 8y ago
1 out of 5 people who see the demo without compensation buy the product. The only incentive they had to see the demo is that they were at least somewhat considering purchasing. But if you start paying people, then a lot of people who have z
952.
by harryh 8y ago
I definitely agree with you about zoning needing to be done at the state level. I'm somewhat optimistic that some of the state level zoning initiatives in CA will take hold and we'll see some progress in this area. Fingers crossed
953.
by harryh 8y ago
I agree with your EV vs WV comparison. I just like the highlight the WV because it's such a rich person enclave with a community board that way way overdesignates buildings as "historic" as a way to stifle development.
954.
by harryh 8y ago
You don't have to mandate construction of housing. You just have to get rid of the INSANE barriers to housing construction that exist today in places like SF and the wider Bay Area.
955.
by harryh 8y ago
There are issues with building the kind of skyscrapers you see in the FiDi or Midtown, but there is till plenty of room to grow. Huge chunks of the West Village have buildings of only 4-5 stories when it's definitely possible to build
956.
by harryh 8y ago
Humans didn't wear manufactured clothing or have access to antibiotics for the vast majority if our existence either. Things change.
957.
by harryh 8y ago
Manhattan is nowhere near full. There are huge swaths of the city that don't have tall buildings due to overly restrictive building codes. #UpzoneTheWestVillage
958.
by harryh 8y ago
This point of view only makes sense if there is a strong limit on the number of homes that can be built. This is not the case. Both SF & NY can easily build many many more homes simply by building up. The fact that they, for the most pa
959.
by harryh 8y ago
You might want to look at the LinkedIn of the Senior Software Engineer who signed this letter before getting too harsh with your scorn. https://www.linkedin.com/in/nilaratna/ We're not talking about a senior
960.
by harryh 8y ago
The point of the structure is to maintain insider control, so when an insider want to sell some stock they do the conversation before selling to the public markets.

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