wegs

69 ms·

511.
by wegs 7y ago
You don't remove credit. You delay payments by 60 days. And you don't have a command economy. Net 30 terms become Net 90 for a while. That's not a world-shattering explosion. Everyone who buys something has to pay -- they jus
512.
by wegs 7y ago
> Those payments in turn pay for other things. Stopping them, stops everything. That's correct. We stop everything for 3 months to get rid of the virus. Or almost everything. > almost all home and commercial property sales stop H
513.
by wegs 7y ago
International obligations, where governed by US law, get placed on hold too. Ideally, other countries join in the regime. If not, you're just talking about a much smaller amount of debt (US debt held under foreign jurisdictions). Mortg
514.
by wegs 7y ago
That's where you need much smaller bailouts and stimuli. Agriculture is less than 1% of the GDP. The currently-discussed bailout is big enough to feed all of America for years. And it's actually not a bad idea to nationalize food
515.
by wegs 7y ago
As a side note, a down vote shouldn't be the same as "I disagree." If you disagree, please explain why. So far, I've heard no helpful criticisms. Nor have I heard any reason for the down votes -- if I'm doing someth
516.
by wegs 7y ago
Why? Banks get payments 3 months later. They can also get 0% interest loans from the fed. Why do they fail?
517.
by wegs 7y ago
Sure you can. You stop rent. You stop mortgage interest. You pause mortgage principal. You do that across the board for every rental, contract, and debt obligation in America. In 90 days, it expires, and everything starts back up again. ht
518.
by wegs 7y ago
No, there is a one-size-fits-all solution. https://docs.google.com/document/d/1YbtJGn7ida2IYNgwCFk3Sjhs... Stop interest on all loans for 90 days. Defer principal on all loans by 90 days. In 90 days, payments sta
519.
by wegs 7y ago
There is no trade-off. Exponential functions are pretty binary. We contain this (R0<1) or we let this kill 3.6% of the population, and likely permanently harm the lungs of many more. A core problem is that we're not looking at how t
520.
by wegs 7y ago
Tenured CS professors at MIT/Harvard/Stanford/Berkeley/etc. start at $180k, $200kish is probably median, and upper bound is much higher.
521.
by wegs 7y ago
I don't think reducing salaries will have any effect on the caliber of academics. There are a ton of graduate students, postdocs, and research scientists glad to work for less. Most are just as qualified as the faculty who supervise th
522.
by wegs 7y ago
I would start by cutting academic salaries at elite schools. These are $150k-$200k for a typical professor, and $1 million at the top. Maybe $100k at the bottom. I'd place these at $60k-$100k: enough to live on, but not enough to go in
523.
by wegs 7y ago
A lot of things, but this paper points to one issue: * In order to get an academic position, you need to have letters from a research community. * In order to get citations, you need your papers to be used by a research community. This give
524.
by wegs 7y ago
It is pausing a lot of revenue, but it's also pausing the need for that revenue. It's also not pausing all revenue. If I order something from Amazon, everyone gets revenue. And if Google decides not to furlough employees but get a
525.
by wegs 7y ago
This would cause hyperinflation and a massive redistribution of wealth. Coastal people can't live on $2000. Airlines still go under. Plan B: https://docs.google.com/document/d/1YbtJGn7ida2IYNgwCFk3Sjhs...
526.
by wegs 7y ago
I wash and disinfect my gloves often.
527.
by wegs 7y ago
When you're working with a coronavirus patient, the goal is to protect the doctor, not the patient.
528.
by wegs 7y ago
Expired masks are better than no masks. I hope they didn't get tossed. At the very least, give them to service workers.
529.
by wegs 7y ago
Two tricks we should all be adopting: 1) Bidet 2) Wet toilet paper Cleans much better. And less abrasive. But yeah, two squares isn't really realistic.
530.
by wegs 7y ago
I don't agree with this logic. Startups need to pivot. This creates opportunity. If we all go into recession groupthink, that's what will happen. Big companies aren't serving the current needs and market well. Startups can go
531.
by wegs 7y ago
Best estimates are that the US has roughly 90,000-150,000 cases right now. You multiply number of deaths by 1500. That assumes doubling every five days and 1% fatality.
532.
by wegs 7y ago
The government should pay for them. It can print or borrow money if it needs to, inflation be d-ed, but it should but them.
533.
by wegs 7y ago
Without voluntary deferrals, we'll see cascading defaults.
534.
by wegs 7y ago
Now here, you have to consider who is making the decisions. The president of MIT was born in 1950. The Chairman of the Board was class of '73. Virtually everyone in senior leadership are in categories with 10+% mortality rates. I'
535.
by wegs 7y ago
Not an epidemiologist, but a Boston resident. Generally, people under 30 completely ignore anything about the coronavirus here. You have people hitting a different nightclub each night, going to parties, and that sort of thing. A college to
536.
by wegs 7y ago
To be fair, MIT tends to handle this sort of thing pretty well, and informally. I expect it doesn't have clear policies, but that it will try to do right by people on a case-by-case basis based on people's individual circumstances
537.
by wegs 7y ago
I think this can be best summarized as "a rising tide raises all boats." Unions have long fought to keep demand up for specific industries under this exact logic.
538.
by wegs 7y ago
Good ruling!
539.
by wegs 8y ago
There's a big random factor too.
540.
by wegs 8y ago
Machine learning effectively didn't exist a decade ago. A decade from now, it's likely to be where building HTML pages was in the nineties, or database-backed web applications in the 00's. I understand it's a deeper skil

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