Seems like that’s appropriate for a bank. Anyone else care to comment or share context?
972 karma · joined November 26, 2016
First in no way is believing in god a requirement to going to church. If you look at Catholicism they even say that they believe the Bible is only metaphorical and that they believe in evolution.
A lot of people also have very negative (and kind of rightly so) views of the church developed from the religious wars of the 90’s and 00’s. I want to say that these cultural battles were in part 1). stoked by church leaders as a means to hold their congregations together [there are a million ways to argue over Christian doctrine otherwise] and increase their bargaining power as church leaders with political leaders and 2). were also stoked by more liberal leaders as a means to rile up their base / present a credible threat.
SOURCE: The Evangelicals and America https://www.amazon.com/dp/1439131333/ref=cm_sw_r_cp_api_1-ro...
We really have no idea how bad the situation is in China.
Their total debt (public, personal, and shadow) to GDP is suggested to be as high as 1660% of GDP. This a staggering amount of money.
What we are seeing is probably the greatest financial crime in history. There is absolutely no way the markets can contain this once this runs its course.
For now no one can do anything. Every time you try to bet against China, more analysts are simply paid off or the Bank of China props up the stock against your shorts.
http://www.baldingsworld.com/2017/10/23/everything-we-think-...
Keep in mind, they are traded on the US stock exchange yet the SEC has no power to investigate them :(
Good example, Max Baucus shorted various financial companies for petty/risky wins as he was helping construct the 2008 bailout. He then later became the ambassador to China :(
> Financial markets were experiencing the greatest volatility on record. Trillions of dollars in stock profits were being washed away. But for Bachus it was different. According to his financial disclosure statements, Bachus netted as much as $50,000 in capital gains by aggressively playing the market during this volatile period. And he netted tens of thousands more in early 2009, when financial reforms were put in place. What makes these results impressive is the fact that options trading is extremely risky. There is a rule of thumb in the financial industry that 75% of options are worthless when it comes time to redeem them, and that 80% of options traders lose money.
http://www.msnbc.com/morning-joe/excerpt-peter-schweizers-bo...
It has a lot of good, the-way-it-should-be-done processes that if you force yourself to follow, can be very rewarding.
Some positives:
1. Great mobile app.
2. Lots of security. Audit trails, granular access to specific pages, 2FA.
3. Can sync users with Google Cloud Suite, nice to only have 1 set of users.
4. Very rich and detailed page design options.
5. Has other apps that bolt on. So much sensitive data can be stored in a wik, it’s nice to be able to securely share it into Jira (like Github) or Stride (like Slack).
6. Is only $10 for up to 10 users. Can also bring in on-premise (much more expensive though). This is good for HIPAA stuff.
His term was “fair-weather entrepreneurs”. Essentially guns for hires without vision who will go wherever easy capital funding is to be found.
It’s very concerning to see people talk so positively about anarchy. Another word for anarchy is “nihilism”, which is its philosophical twin.
Neither of these words are used a lot today, but “nihilism” you’ll see mentioned a lot in the build-up to WWII.
Am currently reading the below book, which argues in its final chapter that a German invasion of Poland is imminent and is the next course of action Hitler will take. It was published in May 1939 in German, and translated in August 1939 to English. Germany invaded Poland on September 1st, 1939.
The author is very clear that for all their flaws, capitalism and democracy are very reformable. And that a dictatorship of Fascism or Communism will dazzle with early successes before descending into violence both internally and externally.
The Revolution Of Nihilism: Warning To The West https://www.amazon.com/dp/1258001071/ref=cm_sw_r_cp_api_RZCn...
It seems like yours, which is funny because I completely agree with you.
The front page of the Wall Street Journal today was very clear, 80% of investors in Bitcoin are from Asia.
For those wondering, China is the place where companies across the world are going to hide slave labor and incredible environmental devastation.
That is why their prices are so cheap and 6 million manufacturing jobs have been lost. Slave labor and the greatest destruction of environment the world has ever seen.
Their importance in college was really emphasized after World War II, as many of the leading Nazis were seen as non-intellectuals without moral restraints developed by the study of history, philosophy, theology, etc.
Liberal Arts should be cheap you’re right, but it also should be required.
Man I sound like such a shill saying that, but it’s just a great way for employees and “the underground” to test people’s feelings on sensitive issues that might need to be addressed in the workspace.
Sexual harassment, stupid VP’s, abusive bosses, etc.
What’s next, “six hacks that help a recovering alcoholic not also develop an opioid addiction”?
The word has lost all meaning,
This comment might be mocked, but if you read into history you can see how unbelievable war seemed within weeks of a conflict. The day WWI broke out the French and German ambassador were trying out each other’s cars and drinking wine in Alsace.
This research center is a bad idea. It’s like if the University of Chicago and Enrico Fermi decided to establish their atomic research lab in Munich in the 1930’s.
Don’t see this as an anti-Chinese comment, if anything the fault lies with Americans who abused, overused, and failed to adjust an international trade/monetary system. The fact that our government is now run by no one who served in or remembered World War II / The Great Depression seems a likely cause of how we went down this path.
If you’re curious for more on this, look into how close the US came to war with China in 1995 in Taiwan. Also look up the RAND Corporation’s study on war with China from 2015.
Bitcoin is stupid.
It’s a bubble. If you make money it will only be on the backs of massive losses on the other side, and potentially globally destabilizing / destructive effects.
Think about it like going to the horse racetrack. Nothing stopping anyone from betting $40 billion on a few horses. Win or lose, a ton of instability will occur once they either need to come up with $40 billion to cover their losses or have someone pay them $40 billion for their winnings.
First I get that many immigrants are actually really strong candidates more likely to do amazing things / start businesses and such, but that is precisely why we should not be allowing them into the US. They are very good candidates who should be at their home country helping to build it out, start businesses, employ others, etc. I think it’s selfish of the US to even try to hire these candidates to begin with.
Second, an effect of H1B visas is they tend to really prevent people from getting a start in IT. Why waste all that money as a corporation building a talent pipeline, doing training, etc. if you can just whine and complain that you can’t hire anybody followed by immediately getting more H1B’s?
Sales has improved a lot. A lot of the younger people coming in are much more moral than previous generations.
A lot of sales has moved to inside sales as opposed to field sales. Not quite as fun sometimes, but easier on people’s families and schedules, less abuse of expense accounts, going to strip clubs, etc. Also so much of what inside sales does is recorded, there is the possibility of much more accountability (e.g. harder to lie to customers).
Sales has improved a lot, but I think we’ve traded that for declines in the morals and increases in the absurdity of marketing. Everything from false claims / fake news to serious privacy concerns.
You used to have to just be afraid of lock-in, which I don’t think is as big an issue as it sometimes seems.
But with Google, you’re not only locked in but might be LOCKED OUT when they kill your product.
Since this will inevitably come up, I am liberal, and yes I still go. If you’re liberal and don’t like church, one thing I would suggest is that by going to church, you can actually make it more liberal instead of leaving it to others. Also fyi gays are the new jews and will be fully integrated like Jews were between 1930-1960 (until 1959 it was legal in Houston, Texas to restrict Jews on the deed restriction!!).
One day the world will wake up and realize 20% of the global economy is gone, simply because it never existed. The consequences will be far more than just disastrous.
Also thought this was a beautiful quote: "Silicon Valley chose to imprison us in apps and call it business, when what it really amounts to is a social credit system of social gamification."
When will it start being considered “responsible” to save 10 years before a child is born and if you don’t you’re irresponsible cuz you missed 10 years of growth.
When will it start being considered “responsible” to save for your grandkids college?
In reality, it’s slowly becoming a prison of 1.3 billion people that is gently closing its maws on them. Life is good, growth is great, but whenever the next crisis comes, which it will, the government will not be replaced like in Democracy but actively fight back, with technology developed by the best American companies. From there, they will probably close down and self-seal their economy like the Soviet Union did with some success, and embark on a period of profound killing as a means of control.
That is unfortunate though, because the book it is based on looks really really interesting. I am thinking that The New Yorker (although is seems with Mr. Cohen's help) just chose the most "out-of-touch-liberal-that-only-has-rich-people-for-friends-way" to spin the book. That is sad because again, the book looks good.
General trend seems to be that it won’t affect them much.
You’re spending most of your cash, only have a couple of months of cash on hand, not much too tax.
I noticed in “Daily Rituals”, a book about the day to day lives of artists, none of them really take breaks. 30,40,50 years go by, and they just find more ways to creatively renew themselves. I’m sorry I can’t think of any examples here but if you’re reading this you should buy a copy.