rory

16 ms·

121.
by rory 5y ago
> doing your morning commute in the dark This really depends on location within the timezone. And some places, e.g. Michigan, are simply in the wrong time zone.
122.
by rory 5y ago
High school sports are not commercial.
123.
by rory 5y ago
What makes you think that? They got 40 million in federal funding this past year. It's in the annual report. Search "Federal." https://www.kennedy-center.org/globalassets/news-room/annual...
124.
by rory 5y ago
I'm replying to a post about high school sports fields. Not known for their profitability. And at least kids can go run around there when a formal practice or game isn't happening.
125.
by rory 5y ago
I'm replying to a post about high school stadiums, which are generally owned by a public school or a town. So it's a slight whatabout to the farther-jumping whatabout above me. And I'd bet every penny I have that the average
126.
by rory 5y ago
I'm 40% kidding :). Memory is good, at least.
127.
by rory 5y ago
> Why do you think $40MM is large number? Pocket change, says I! Come on, it's absolutely a large number. Especially when added to the amortized construction costs of about $30M (a kind assumption, since it cost around $700M in cu
128.
by rory 5y ago
Absolutely. The arbitrariness doesn't only apply to performance, either. Fancy people like old stuff. Jackson Pollock. Dubliners .
129.
by rory 5y ago
> There’s no such thing as a single fixed cost in a heterogenous situation like this > I ... have a decent understanding of the economics It's patently obvious there are fixed costs to a large building. Here are some fixed costs
130.
by rory 5y ago
> But this idea that opera is stuffy high culture is the same mistake people make with Shakespeare These things ARE high culture today. Whether or not they were high culture when they were first produced doesn't change that in the s
131.
by rory 5y ago
> that part of the operation is almost certainly profitable Profitable against variable costs, not fixed + variable costs. Those shows are still receiving a taxpayer subsidy and in the vast majority of cities, wouldn't be performed
132.
by rory 5y ago
How about Opera Houses? Why should the federal taxpayer pour millions into the Kennedy Center just so rich old congresspeople can pretend to enjoy the plotless hellscape of "Cats"?
133.
by rory 5y ago
I think a more measured stance is that the crash WON'T be (significantly) deflationary. If the crash is "naturally" deflationary, the central banks have now shown a commitment to sustaining inflationary policy to keep inflati
134.
by rory 5y ago
> Israel is in a constant state of war and danger of losing its sovereignty. No such justification existed in South African Apartheid. That's not historically correct. Violence was absolutely a stated reason / pretense of South
135.
by rory 5y ago
Fewer than 1 in 400 homicide victims in the US is killed in a mass shooting. Conflating the danger from baseline violent crime rate with that from mass shootings is silly. And of course, the violence in the USA is extremely unevenly distrib
136.
by rory 5y ago
True, but those twelve comprise a large portion of the country (mainly since they include Texas and California). Honestly, in most states your greater risk is likely that a renter just stops paying and you have limited or slow recourse opti
137.
by rory 5y ago
Since you can be foreclosed upon and walk away, your downside is capped at the money you put into the property (and however much you value your credit rating for the following seven years). Your upside isn't strictly capped. So for cer
138.
by rory 5y ago
Weird bug on this site... I have crappy $10 plug-in earbuds, and when I open atlantic.money I hear periodic "clicks" of interference roughly every 1300-1500ms (the interval is constant, I'm just not sure of the precise timing
139.
by rory 5y ago
> English dependence can be viewed as why india and so much of africa is so poor and undeveloped. That seems like a ridiculous assertion. How about Ireland?
140.
by rory 5y ago
My name is common enough that it's basically this: https://xkcd.com/1138/
141.
by rory 5y ago
Seems like a good local news fluff piece. "The last Hitler in England"
142.
by rory 5y ago
Oh. Well it's a good urban legend anyway.
143.
by rory 5y ago
Apologies for being an internet corrector, but it's actually "tartare," from the old French belief (or perhaps joke) that the Golden Horde Tatars didn't have time to cook their meat when on the move. So they just softene
144.
by rory 5y ago
This matches my experience. Swimming or biking makes me hungry. Running a reasonably long distance (say, 7+ miles) makes me a slightly nauseous and not hungry at all. Maybe it's because running causes more jostling and/or beats up
145.
by rory 5y ago
Yes, but fixed mortgage rates aren't affected much by the fed funds rate, compared to treasury yields.
146.
by rory 5y ago
It's true that statistically poor people have less access to debt, especially post-2008, but the rate isn't so low that they can be called a renter class. The lowest income quintile in the still has a 30% homeownership rate[0]. Th
147.
by rory 5y ago
Is this a novel theory or are you confused? Banks would just borrow all the cash needed to cover their outstanding loans from the Fed, and get paid by the Fed for doing so. Standard theory is that higher interest rates == lower inflation.
148.
by rory 5y ago
While everything you said is true: 1) <10% of the US mortgage market is ARMs. 2) Treasury rates are still super low, even with high CPI inflation. It's not at all obvious interest rates will go up by much even with sustained 5-10% i
149.
by rory 5y ago
Conversely, I think it's unhelpful to excuse away inflation as supply/demand issue and explain that if you just exclude all the things people buy , inflation really isn't that bad. Inflation in the 70's was also caused
150.
by rory 5y ago
Have we ever had inflation that was not caused by demand/supply issues? Isn't that kind of definitional to inflation?

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