188 karma · joined November 8, 2019
But how has it been implemented in practice?
If you look at the raw numbers, generally we rely on the lowest bidders amongst Facebook/Google/Twitter's third-world-country subcontractors, as well as the Chinese government.
Critics agree that Mr Obama's middle name is Hussein and he is likely an islamic terrorist.
The first part is obviously true. For the second part, I am fairly certain I can find two people on 4chan who agrees with this, and they will certainly be critics of Obama.
Statements of objective truths can still be biased.
The paywalled stuff is bullshit too. Plus, they know they have a micro-targettable audience of suckers who are willing to pay.
A price floor splits these marginal works into three categories: those that become free, those that die off, those that become viable at high margins. This seems to be a pretty great outcome for consumers.
In the short term there's the whole coronavirus-and-shrinking-gdp-and-money-printing thing going on, of course, so who knows.
this is the one I mean, yes.
Like google's 'flocks' concept, but maybe less moving pieces.
Maybe we should go in the opposite direction: tax the creators to decrease content generation in order to increase signal-to-noise on high-quality content. Or at least force marginally-profitable content to be released free or not at all.
AI will probably solve this problem eventually, though recommender services are in general pretty crap right now.
I think there is a lot of value in a service that can go through the Amazon catalog and just cull the 99.9% of stuff it thinks I'm not interested in, then give me advanced search / preview / indexing on the rest. Problem is, it would have to do this without taking ad dollars to poison the list. Also privacy concerns.
- they are partially directly subsidizing the cost of degrees for domestic students. The extent of subsidy has not changed in the new policy. (questions: is the direct subsidy the same for all degrees? do arts currently get more or less than STEM?)
- they set the fees that universities are allowed to charge students. In the new policy, the allowed fees for humanities have doubled, the allowed fees for STEM has decreased.
- also, there is HECS/HELP, which is a scheme where all domestic students (not PR/exchange) are allowed an interest-free, CPI-indexed loan that is only paid back slowly when the student's wages go beyond a certain threshold. This is for the full cost of the entire degree, and is a big part of why students tend to be price-insensitive.
- fees for international students are roughly 5x domestic students, and they don't get HECS/HELP. They are basically subsidizing the entire system. The covid situation has dried up this revenue stream and now the unis (who have not been financially prudent during the fat years) are deep in the red, with rumors of bankruptcy starting to circulate.
editorializing:
1. Arts and humanities are bad choices if you're already poor. If you're from a rich family it's actually pretty great - light course load, personal growth, better male/female ratio, etc. If you're poor and you do arts, you will have trouble getting a job. People should be allowed to choose whatever degree they want, but the government shouldn't subsidize bad choices.
2. The government seems to be implementing this in a suboptimal way. It seems that there is a fee increase but no decrease in subsidy (or there's a mismatch). I would just lower the subsidy for arts/humanities and allow a fee increase that matches exactly.
3. I doubt this will produce worse engineers. The engineering degrees in good unis are heavily sought-after and difficult to get in, and this just increases the number of applicants, while the number of available places won't change much. I think the largest effect is unis will spend more on marketing their arts degrees, since these will be more profitable going forward.
If it leads to the arts departments upping their game to attract students, it's probably a net plus.
On the other side, Visual Studio forces me to open up a port and log in to MS account - tied to my real name and credit card - so it could upload my usage patterns every month, as a condition of the 'free' license. Perhaps that's the model we're converging towards, even for open source.
Another factor to consider is that nobody knows the future. Let's say I invest $10m in a scheme that I expect to save 10 lives. Alas, the guy I gave the money to chose to spend it all in Vegas then jump off a tall building. If you look at outcomes alone I spent $10m for -1 lives. Does this mean I value lives at -$10m?
Applying this to coronavirus response, it is more likely that the fast-opening states have convinced themselves that the infection rate can be kept under control, and it will cost them less in terms of both lives and money to open sooner. Whether they're right or not is another matter entirely, but people lose their life savings betting on the stock market all the time.
Realistically I think the value should be a lot lower, considering there are many interventions you could do that saves more than 1 life per $10M, even if we confine calculations to the US. (World-wide the marginal cost of a life is probably less than $10k). Of course you have to also take into consideration what is politically and organizationally feasible, so perhaps $10M is the government's marginal cost of a life considering its set of permissible policies.
...Or maybe somebody just pulled a number out of a hat to justify an expensive piece of legislation in the 80's, and nobody's bothered to update the number since.
>Given enough time, water defeats almost anything. Stone. Iron. Bone. Rivers saw through the stratigraphy of time itself. Yet patriarchy endures.
I had to read though half the article to get to this. You're all welcome.
Which is in fact the most likely outcome.
The visual system is a lot more like videos than people think.
Griping about the evils of the current gripeable is a lot of fun, though. One may even argue it's the more important of the two.
[1]: figuratively speaking. Technically it's what got them out of living in caves, but bear with me here.
>One of the most common questions about the Federal Reserve is this: Does the Fed print money?
>There are really two ways to address this question. In terms of the actual, physical printing, no, the Fed doesn’t actually print or produce money in any form. Coins come from the U.S. Mint, and paper currency comes from the U.S. Treasury’s Bureau of Engraving and Printing. The Fed distributes currency after it’s printed.
>However, what many questioners might really be asking is whether the Fed has the ability to control how much money is in our economy. That’s a different story.
>The Fed adds to (or subtracts from) the amount of money in the economy by buying (or selling) U.S. Treasury securities and other financial instruments. This is referred to as “open market operations,” since these transactions take place in the open market. (The Fed isn’t allowed to buy securities directly from the U.S. Treasury.)
>The Fed pays for those securities by crediting funds to the reserves that banks are required to hold, either cash in their vaults or deposits at a Reserve bank.
>“So, in that sense, we can think of ‘printing money’ as adding reserves to the banking system,” said David Wheelock, vice president and deputy director of research.
I still think a recession is coming. It's just a matter of time now that the lockdowns are getting lifted without any real control over covid. There'll be a rise in new cases, slightly more stringent measures will come and go, other countries with proper recoveries will keep the US travel bans in place, etc. The market can't defy gravity forever.
It can, of course, defy gravity for long enough to lose you your shirt.
My definition of 'rich' would mostly include people who don't need $700k mortgages.