1,221 karma · joined March 1, 2013
http://www.newyorker.com/reporting/2009/03/30/090330fa_fact_...
*Citation needed
And yes, R and Python are making real inroads in quant finance, but they still have a small market share. Most of the guys writing code either want MS Office integration (sadly all traders love Excel), raw speed (C/C++/Java), or easy prototyping (Matlab). People don't know Haskell, audit departments don't know Haskell, and Haskell isn't as fast as C++, so this is an uphill climb, but I wish them the best.
If you want to know the state of the art in quant finance, go stare at the horrible over-engineered debacle that is QuantLib and see what kind of programmers we have working in this area.
B-S vols are putting the "wrong number into the wrong equation to get the right price" as Rebonnato famously said.
(1) make free parking a taxable benefit for companies
(2) tax the hell out of gas/car registration, or at the very least tax it enough to pay for infrastructure
(3) no mandated parking minimums in new construction in cities
(4) get rid of publicly paid for parking
But of course this requires transit alternatives and popular support, which does not exist in places like Atlanta. I live in Orange County, and I bike to work (we have perfect weather and mediocre bike infrastructure), but people love their cars here.
Bitcoin apologists have generally seemed to see Bitcoin's rise as a positive, which is somewhat true, but it has to be stable to be useful for ordinary people. A volatile currency is not a useful currency.
1) The Senate is a majority body, but it requires a 60 vote (i.e. 60%) threshold to cut off debate and force a vote on a bill; otherwise, debate continues indefinitely.
2) In practice, this obviously can lead to the Senate becoming a supermajority body if filibusters are routinely exercised. In the last 5-10 years, this has become the case. For instance, this is an example of a bill that "failed" despite receiving a 54-46 vote.
http://www.washingtonpost.com/blogs/post-politics/wp/2013/04...
3) This rule change would only apply to presidential appointments. The 60-vote threshold would remain in place for other bills.