mfairbank

6 ms·

1.
by mfairbank 10y ago
In the US, it's a combination of factors. Personally, I receive unlimited 2% cash back with my credit card, which is enough of an incentive for me to use it wherever I can. In addition, it helps me build my credit score, which is a sys
2.
by mfairbank 10y ago
I think your question gets at the salient point: I often think of the concept of "ownership" as black and white, I either own something or I don't. But in practice it's a gradient. At one end of the spectrum, I pretty mu
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by mfairbank 10y ago
Ah, the novel had missed my radar entirely until now, thank you! Recently I've been enjoying films that cover little niches of the world, geographic or otherwise, that I know nothing about. Another good example is Premium Rush (2012).
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by mfairbank 10y ago
There's an indie film I quite enjoyed called The Hunter, starring Willem Dafoe, that fictionalizes the demise of the last remaining tiger. I recommend it highly for the outdoor landscapes and non-traditional plot alone.
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by mfairbank 10y ago
Bob Woodward chronicled the access Rice had to Bush in his book "Bush at War"[0]. His impression matches your own. According to Woodward's account, her de facto role as National Security Advisor (before her tenure as Secretar
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by mfairbank 10y ago
I tried to address it in my paragraph after the snippets from the abstract, but I admit it was a rather superficial treatment. I actually am most interested in the core of the problem presented by service needs that fall naturally into mono
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by mfairbank 10y ago
As a counter-point to the idea that private equity buyouts harm consumers, here is a recent paper documenting the impact of PE transactions in the restaurant industry. [0] Key bits from the abstract: "Analysis of health inspections con
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by mfairbank 10y ago
Eliminating physical cash is not necessary to impose negative interest rates, even quite steep ones. By modifying the exchange rate between physical cash and bank deposits, the economic incentive to hoard physical cash is removed, allowing
9.
by mfairbank 10y ago
Well it's all a bit vague in my mind, but the idea was that if a central bank coin is introduced, and if it achieves widespread use and popularity such that it becomes the default demand deposit mechanism, that the central bank could p
10.
by mfairbank 10y ago
Wait, do regular cars engage the emergency brake in a fail-safe way? I've always treated the emergency brake as a way to keep a stopped car from moving, not as a way to make a moving car stop.
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by mfairbank 10y ago
I mostly agree, but the first big concerns that come to my mind are to do with security and how mistakes are fixed. With my (private) bank, I feel confident that improper withdrawals can be reversed, not least because I've successfully
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by mfairbank 11y ago
The competing activist investor hedge fund Spring Owl released a plan [0] in December with its vision to turn Yahoo! around and achieve a stock price of $113 (currently $35). The basic gist is to focus on Yahoo Finance and Yahoo Sports, kil
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by mfairbank 11y ago
I see this mentioned often, but it just isn't the case. In order to effectively implement negative interest rates, we will have to modify the exchange rate between physical cash and bank deposits to remove the incentive to hoard physic
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by mfairbank 11y ago
Just don't lose sight of Chesterton's fence.