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DollarGuru

60 karma · joined August 8, 2019

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DollarGuru··on NBA's China dilemma: $4B at risk as Chinese TV cancels game broadcasts
True. It would also be better to be able to appreciate an entity that isn't so morally bankrupt and profit driven.
DollarGuru··on NBA's China dilemma: $4B at risk as Chinese TV cancels game broadcasts
And they'll all protest in silence.
DollarGuru··on Chinese farmer 'studies law for 16 years' to defeat dumping of hazardous waste
A big flaw of modern society is the most experienced experts we rely on for industry regulations inevitably have a bias towards their industry.

Look in any industry and their regulating bodies and often it's a revolving door of key executives giving each other a slap on the wrist now and then and not effectively regulating or punishing clear wrongdoing.

DollarGuru··on Single malt Scotch whisky targeted by United States tariffs
Maybe a silly question but it seems these big high ticket businesses like Boeing and Airbus cannot provide affordable aircraft and survive without some government intervention and the bar to entry is too high for new players so why not come to some international agreement on how they are supported by government instead?

It's seems better to have 2 manufacturers supported by government than to have only 1 that essentially owns the whole market.

DollarGuru··on One of the oldest known human settlements is about to be flooded by a dam
How does a dam like Hoover effect the flow rate of water down stream after filling the dam?

My assumption was that after the dam is filled the flow rate can be regulated very close to pre dam levels of at least 95% flow rate factoring in any losses due to evaporation.

DollarGuru··on Ask HN: What are your arguments in favor of end-to-end encryption?
People committed these crimes before encryption and they'll find a way to commit them after encryption. Being against E2EE means trading your privacy and security but it won't stop these crimes from occurring.
DollarGuru··on Startups ‘are staying private way too long’ says Marc Benioff
People as in the average citizens. Higher regard being that the business has less control over the benefits of your life in Europe compare to the US.

Good affordable healthcare is standard many European countries. In the US it depends on your employer.

Minimum holiday entitlement in Europe is far more generous that in the US where again it is down to the business.

Maternity and paternity leave is better in Europe. In the US it depends on the business and your position in the comapny whether you get reasonable leave.

Unemployment benefits are more humane in many European countries. I have heard that in the US they will contact your last employer and whether you get unemployment benefits depends on what the employer says. While there are some limits in this regard in Europe your Ex employer's word doesn't hold as much weight.

I'm sure there are more examples I could come up with as well.

A small minority live fantastic lives in the US because the US has taken the idea of meritocracy and dialled it up to 11. The floor of the have-nots is much lower in the US in comparison to Europe because businesses have a wider degree of discretion in how they treat and reward employees. The person on the shop floor gets 1 week a year holiday while the regional manager gets 5 weeks a year.

Of course businesses in Europe have some discretion in the upper limits to the benefits they offer their employees but they are still restraint in the lower limits.

These differences I suspect are exactly why the GDP per capita is lower in European countries than in the US. Take Germany for example, an economic powerhouse and the 3rd largest global exporter. Impressive for a nation of just 83 million.

The US has a PPP GDP per capita about $10,000 higher than Germany I find it very difficult to believe the US is $10,000 more productive than Germany. The US just puts more value in wealth creation (business) at the expense of the people.

Europe has it's flaws in some of these things as well (e.g zero hour contracts) however it does better by the people more so than the US.

DollarGuru··on Startups ‘are staying private way too long’ says Marc Benioff
It's worth considering that it is human nature but in the context of the society it is based in.

The boundaries of human nature in regards to capitalism are very different across societies/ nations.

An example of this is the difference between the US and Europe. US capitalism is much more unrestrained, ruthless, and uncaring compare to Europe.

In the US the business is treated in higher regard and respect than the people compared to Europe. Of course Europe does this to some extent but it is more limited than the US.

The US would do well to take a leaf out of Europe's book.

DollarGuru··on Why It’s Hard for Startups to Create Wealth in Europe
Are there any real statistics of founders that have had to migrate to the US to attract talent with stock options?
DollarGuru··on Ask HN: Is it just me or is medium blocking mobile browsers?
It shows the same for me. They don't want people reading on mobile browsers anymore it seems.
DollarGuru··on Prominent scientists warn UN Secretary-General Guterres
It certainly undermines their argument. Whether they are biased or not they are implicated in a conflict of interest.
DollarGuru··on Microsoft’s Windows Virtual Desktop service is now generally available
It will have the reverse effect of drawing more people to where they can access those services and away from the areas where access to those services are limited due to inadequate internet services which will erode the motivation to provide broadband to those places.
DollarGuru··on The perils of short-termism
My parents kind of had children for selfish reasons and objectively speaking neither of them should have had children.

Now as an adult I have issues that seem to stem from childhood emotional neglect that I struggle with. My sibling isn't that much better emotionally adjusted either.

I wasn't a particularly happy child but neither of them noticed or paid much attention even when they could have.

DollarGuru··on The perils of short-termism
Do you believe raising children should be an act of duty and self-sacrifice?

While I would like to raise a family one day the idea of raising children with just being capable of supporting their necessities doesn't appeal to me at all.

If I can't offer them the best start in life or be the parent I wish I had (due to a lack of resources) I would rather not have children.

DollarGuru··on David E. Shaw and the Ultimate College Hedge
Educational elitism is just another sign of the class system at work.
DollarGuru··on Before the East India Company
The same China where manufacturers had been implicated in supplying Fentanyl to the illicit US opiate market causing widespread overdoses and death? Nobody is innocent when power corrupts.
DollarGuru··on Student rating app penalizes fifth-graders who need bathroom breaks
Maybe it is seen and used as a tool for behavioural regulation? Most kids want approval and will follow any system to get it.
DollarGuru··on Facebook, WhatsApp Will Have to Share Messages With U.K.?
Along with the vote in process there should be a vote out process. The public should be able to force a vote of their representative at any time during their term and equally vote in their replacement.

The intention being that politicians are aware that they must be consistent with their words and actions throughout their term otherwise they will lose their seat.

DollarGuru··on White House Weighs Limits on U.S. Portfolio Flows Into China
The issue isn't about how the US regulates free market activities. It is about how the US uses it's power and influence to undermine the sovereign decisions of other nations that might be detrimental to US trade.

Things like protectionism, how a country may choose to do trade (e.g the currency they trade in E.g petrodollar), the rights to a countries natural resources (E.g nationalisation). These tools are effective for underdeveloped countries that don't have the market and production efficiencies to compete on a global stage or the money to subsidise nationally important yet expensive businesses like farming.

Adam Smith effectively said that trade is good because it frees up the utility of your worker to do work of a greater economic benefit and that it made greater sense to buy from a supplier nation that can produce the same product more efficiently.

Those countries with inefficient and unproductive economies don't have the high skill economically more valuable jobs so for them trade isn't an opportunity for growth because it just undermines their local economy by taking away local jobs.

DollarGuru··on White House Weighs Limits on U.S. Portfolio Flows Into China
I'm not denying the mutual benefit of the Marshall Plan. Of course it was a great help to Europe in the post war rebuild.

But had Europe not been an opportunity market for US industry then I suspect the Marshall Plan would have never happened or maybe I'm just cynical.

DollarGuru··on White House Weighs Limits on U.S. Portfolio Flows Into China
I misworded my comment, I meant that the Marshall Plan was the first obvious act in their own corporate self interest. You can't sell anything to people with no money.

How much do you think the Marshall plan accelerated the repair and growth of Europe?

DollarGuru··on White House Weighs Limits on U.S. Portfolio Flows Into China
Since the US gained global dominance post WW2 with the Marshall plan I don't think the US has ever really been that subtle about maintaining capitalist free market dominance.

As you say, now that China is producing compelling products the US is flexing a bit more because it sees a serious non ally threat to US interests. The biggest shame of it is that it is so unfortunate that China isn't more politically and legally upstanding and morally respectable like Europe is.

DollarGuru··on Men Are Waiting to Share Some Feelings (2018)
It would be great but it would only work if men as a group someone come to some better understanding. Men collectively are our own worst enemies because there is always another man willing to put aside those healthy attitudes and behaviours. Until healthy male emotional expression becomes attractive it will be rejected by men and women. Currently unless you have other very attractive features being emotionally vulnerable is mostly against your self interest.
DollarGuru··on Men Are Waiting to Share Some Feelings (2018)
Part of the issue though is that expressing those emotions seems to undermine your personal power in other people's view of you. To them you may have become ineffective and potentially ripe for replacement whether that is in a job, relationship, or friendship.

Somehow you have to both express your emotions and that you are still highly effective. That you can't be exploited, a potential pushover, or a loose cannon for your emotional expression.

DollarGuru··on California's ‘Surprise’ Billing Law Is Protecting Patients and Angering Doctors
Thanks, that is a good question to ask. I'll have to remember that.
DollarGuru··on Men Are Waiting to Share Some Feelings (2018)
As a group men are our own worse enemy. We aren't fearful of or controlled by women. It is other men that choose to align themselves closer to women's beliefs at the active detriment of healthy male attitudes and behaviours that force other men to fall in line.

Men aren't obligated or motivated to open up men only social groups until other men start to take issue with them (and usually for their own self interest).

DollarGuru··on Men Are Waiting to Share Some Feelings (2018)
Its understandable why we make those assumptions because those camp and effeminate LGBT members stand out so much.

The LGBT members that don't have those characteristics you would never know they were LGBT.

DollarGuru··on California's ‘Surprise’ Billing Law Is Protecting Patients and Angering Doctors
I'm not familiar with US healthcare. As the customer in such a circumstance are you within your rights to refuse any such diagnosis tests when you reasonably believe they are unnecessary? e.g you have prior history of those symptoms.

I have heard stories of some doctors and consultants making biased recommendations that are ultimately to line their pockets not cure the patient.

DollarGuru··on New research suggests that we’re making ourselves sick over politics
Even with the local news there is rarely any actionable information. So that isn't worth watching either.

If your city was hit with a terrorist attack or mass shooting is your boss going to let you have time off work because you don't feel safe? I doubt it, it's back to work as usual.

DollarGuru··on Dow plummets 600 points after Trump orders US manufacturers to leave China
That is his game plan. Trade deficit complaints are all a ruse to constraint markets leading to resession and crash. Then his wealthy cronies can buy up stocks at a huge discount before the next president comes along and fixes everything.
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