523 karma · joined November 27, 2009
rc@rchowe.com
They only support disbursements in six currencies (AUD, EUR, GBP, NZD, PLN, and USD), but they can accept eighteen currencies; presumably because they already have a large balance of those and they are relatively stable -- the one question mark for me would be PLN, but I would guess that it might be an important remote work market.
It seems the main difference is the lack of a requirement for an intermediate bank or banks; even a large international bank like HSBC might have to go through a third party for currency conversion in certain circumstances. It seems a lot easier if you are only making increases / decreases to your own balance sheet (cut out the middle man, no settlement requirements, etc).
Presumably you issue bonds to get the to do this with, which is relatively safe because it stays as cash and you know your churn rate. Does TransferWise have any levers they can pull besides halting disbursements in a given currency if there is a sudden devaluation, e.g. Poland goes bankrupt and PLN goes to zero?
I use a local bank account for incoming wires so that, if there is a problem, I can go down to the bank and talk to someone in person instead of being subject to the customer service whims of a tech startup. For me, that's worth the $10/transfer fee (though I bill in USD so I don't see forex or origination fees).
Hub flying is useful for folks that want to go from one small city to another; on a given day there might be two people who want to fly from Providence, RI to San Antonio, TX so it's not viable to fly a plane between them, but if you route them via Philadelphia, PVD-PHL-SAT, you can accommodate them with limited extra distance or extra time and also accommodate people wanting to travel PVD-PHL and PVD-PHL-SYR, etc.
Once you start working in units of "planeloads" instead of "people", point-to-point flying is likely going to be more efficient in terms of time, distance, cost, etc...
1. Fees are exempt from the 7.5% federal excise tax on airfare. 2. It makes the initial fare lower on airfare sites like Kayak, for people who choose the cheapest route, then they up-sell customers once they've decided.
The insidious part of it is that on more complex itineraries, the regional jet segments are priced rather low. I've flown from Montreal to Dallas-Fort Worth to Tokyo multiple times on American Airlines, and each time the ticket shows the cost of the business class YUL-DFW segment to be $232. If I was IDB'd from that segment (which also wouldn't happen to business class passengers without some major extenuating circumstances), all I would be legally required to be paid would be $232 * 4 = $928. I've seen economy fares on regional jet flights on complex itineraries of about $50, so the legal requirement to deny boarding to that passenger would be $200 cash.
For a while I was also using GNU Screen over SSH too.
I also think that they are trying to position .NET Core as a viable competitor to Java, for which they need decent cross-platform tooling.
The real issue is that often operationally, a passenger train has to stop for a freight train. If you have a 1000' siding that you have to have a 6 car passenger train pass a 30 car freight train at, the passenger train is going to have to stop for the freight train. That doesn't even take into consideration other factors like how freight dispatchers don't like to stop hazmat/"hot" trains for safety reasons.
Only the longest stretched fuselages on the newest 737/A320s can carry more than 200 passengers, and there are a lot of 737-800s still flying that carry 160 or so people. China could very well build a stretched fuselage C919 if the project ends up being a success.
Plus they were a pretty early-adopter of AWS, and they have a ton of infrastructure running on it already.
It depends on what Amtrak's mathematicians decide, including whether electrifying the track is worth it.
[1] http://www.mbta.com/uploadedfiles/Documents/Schedules_and_Ma...
A. The state of Rhode Island currently reimburses the MBTA for all operating expenses south of the RI/MA state line, and they just funded a commuter rail extension south of Providence to attract intra-RI commuters to take transit to Providence instead of driving. However, even providing incentives such as free parking, ridership at these stations has pretty drastically missed expectations [1], and the trains are scheduled to take the same time as the bus takes in rush hour traffic. The commuting situation/parking isn't bad enough in RI like Boston or New York to make the train obviously beneficial time/money wise, when you lose schedule flexibility of when you can go to/leave work.
B. The site of the proposed train station only has two passenger tracks and is located in a high speed (125 MPH or 150 MPH) zone. Starting service to the station is not as simple as just refinishing it and having trains stop there: Amtrak (which owns the tracks) would probably insist that the state of Rhode Island quad-track through the station so that its trains can pass a stopped commuter train.
C. It's difficult to get transit projects funded near state borders, because of the mindset of "we paid for it and they all go work in the other state!".
Providence is a pretty fast-growing city, so it's possible that in 5 to 10 years the traffic situation makes a much more compelling case for people to make use of transit, but additional commuter rail service there is a kind of hard sell.
[1] http://wpri.com/2015/05/18/south-county-rail-ridership-far-s...
I feel like especially in southern California, there are a lot of people in the suburbs who don't use public transit and who feel like the money spent on transit ("moving poor people around") should go to road projects instead which benefit them.
I was recently in Miami, and my friend who lives there said to use Lyft instead of taking the bus or the metro, because "it's only used by poor people". I compare this to Boston, where people complain about MBTA crowds and management, but in general if you're near a subway stop you'll take the subway over Uber of Lyft (when it's running).
Availability of non-Tesla electric charging depends vastly on where you are. In the northeast, there are a bunch of places that have 2-4 EV spaces with a CHAdeMO connector which (anecdotally) are always full. So if you're planning a trip cross-country, you basically have to stick to the interstates for superchargers.
If you have an RV, you probably think that traveling cross-country via only the interstates is a pretty bad way to see the sights though :).
I know some of your pain :)
Yeah it was a bait-and-switch for small businesses.