The customer chooses the card, the retailer pays the fee. Other companies can't undercut Mastercard's fees because the consumer(the person making the decision of payment type here) doesn't know or care what the fee is.
1,442 karma · joined June 12, 2018
Keep in mind this is savings economy wide divided by personal income economy wide, so people with big numbers (high earners) disproportionately affect it.
The moral failing is on the clinics, sure, but if you want to fix the problem, you have to look at the government.
We really need to stop using Hanlon's razor when discussing businesses at scale. It is a great rule of thumb for everyday people, who are much more careless than malicious. With business though, there is too much money to be made by being shady and then hiding behind plausible deniability to always give the benefit of the doubt.
Outside hospital billing companies make mistakes all the time. It seems adequately explained by stupidity...until you realize the mistakes heavily tend in favor of overcharging. If the people who designed the system are benefitting from a systematic error, don't use Hanlon's razor.
If a delivery driver leaves your package at the wrong house, it's almost certainly an honest error. If a near monopoly delivery service constantly loses packages while heavily advertising package insurance, then there might be a reason they aren't improving their internal processes. (this isn't in reference to anything, I made up an example that could be either)
Anyway, off my rant and to your specific example: In the case of journalism...if clickbait headlines about stupid controversies outperform well written articles, then I have to think media executives know exactly what they're doing when they tell a journalist to bang out a dozen garbage articles a day.
This is entirely false. All the work in materials to make cars lighter has been countered by added amenities (from power seats all the way to chilled cupholders), additional safety measures (extra airbags), and (in the U.S. at least) shifting preferences toward trucks and SUVs.
From the first google result on the subject, slate: "The average new car weighed 3,221 pounds in 1987 but 4,009 pounds in 2010."
Much of efficiency gains are coming from improved engines which have better control of the combustion process to make sure fuel burns more completely and less energy is wasted, or in other words, engines are better quality.
On the assumption that not many people being interviewed by Microsoft in the 90s had an iPhone style plan or a desire to revolutionize cell phones, "leave it alone" is the most realistic, objectively useful answer a candidate might give. Sure, it demonstrates zero creativity, but it's totally unfair to say that person lacks critical thinking skills as their answer is the most rational.
To pass that question, you need to know the interviewer is looking for creativity and be able to make something up on the spot. That's obvious to many of us, but depending on the role I wouldn't fault someone for not being in tune to that question or ready for it.
People can make poor choices because of cognitive biases, or they can have choices made for them by other people with cognitive biases. The other people can be unelected, unaccountable leaders, or leaders that are chosen by voters, and politics seems to be where cognitive biases are worst.
In general, I would rather suffer for my own cognitive biases than the biases of elected officials and voters, but that's not to say I advocate for free markets in every scenario, because there is a lot more to consider than individual choice in that discussion.
Malone cut costs by reducing tax liability, getting better prices on programming, and increasing the subscriber base (revenue). What's that word for revenue minus expenses again?
A more honest explanation: Accounting depreciation != the actual change in value of things, and the cash flow statement can let you know when GAAP accounting isn't giving an accurate picture of success.
And about Malone's insight on leverage: Leverage ups your return on investment (when things don't blow up). Paying interest doesn't help you hide money from the tax man any better than setting dollar bills on fire would, but leverage can make big things happen from small amounts of investment.
The data matches my intuition, as I've certainly seen the tendency to shut down in the face of criticism in myself, but I'm inclined to believe learning to cope with red ink is just as important a life skill as whatever we were learning in 7th grade English.
Self-esteem is positive, but achieving it by shielding kids from criticism in order to maintain a fragile fiction of how perfect and special they are is harmful. It's the ones who have good self-esteem even after seeing their mistakes circled in red who are best prepared for life.
Businesses got billions in forgivable loans to simply not fire the people they'd hired, it seems reasonable that self-employed people get some help.
For a deeply simplified example: say you printed a bunch of money and handed it to Americans who wanted to buy electronics with the money. Factories in China would happily meet the extra demand for 80" TVs, and for their work they'd receive an influx of dollars, which they'd have to change into yuan to pay their workers and buy supplies.
Currency markets are subject to supply and demand of course, so this influx of people trying to exchange out dollars would make the dollar less valuable relative to the yuan. The devaluing of the dollar on international markets would make all imported goods more expensive, ergo inflation.
Just imagine working for a boss who had been climbing the company ladder 200 years. Or trying to buy a house in a market where people had been accumulating capital for centuries. And lest we think it's just the the economic system, look at the average age of politicians. Or science, the researchers who hold the most prestige are likely past the point of embracing new ideas. Any advantage which can be accumulated over time would be held almost exclusively by the oldest, and the world would stagnate.
Death is the natural law which requires every generation to pass the torch. Without it, there'd be no life for the young.
Traditional compression has no high level knowledge of what a video call looks like, the algorithms are about patterns in how pixels change in time and space, so the artifacts from the algorithm are pixel-based effects (blockiness, blurriness, etc).
A neural net that has been trained on a million faces and is setup to draw a face may draw a perfectly clear image of a face on low bandwidth...but when it doesn't have bandwidth to be accurate, it doesn't blur things, it fills in details learned from looking at strangers who aren't on the call.
https://sealedabstract.com/rants/hey-programmers-we-need-to-...
It resonates with me because I often find myself scrolling HN when I was meaning to be working on a project, both at work and at home.
I disagree with your analysis of the incentives here. The price people pay for tomorrow's securitized ISAs depends heavily on how well today's ISAs pay off. It's a delay in the feedback loop, but it isn't broken.
That being said, this incentive alone is likely weaker than the prevailing incentives in for-profit education, which seem to encourage saving a buck wherever possible and over-promising, under-delivering.
US Financial Sector profits: $422 billion
>It would still be worth conducting fintechy business. It would barely affect bonuses.
It is absurd and blatantly false to claim the entire burden of the U.S. healthcare system could be placed on a single industry with little effect.
You're confusing power and energy here.
But for the system as a whole, it's pretty important that the shareholders have the ability to vote for board members who will protect their interests, even if the power doesn't get used very often. That's why the SP committee is pushing back against multiclass shares...if the company's management controls the voting shares then they control the board which is supposed to be overseeing them, removing even a vague threat of accountability in a system that's already far from perfect.
But how could you guarantee the miner was trustworthy, and wouldn't just take the money after you told them.
Hmm...what if we could come up with some sort of smart contract...
(recursion ensues)
Nothing in the rules discourages downvoting people who didn't read.
Congress has this power, and can always use it. The fed doesn't have this power, and that's because a bunch of unelected bankers aren't supposed to be making political decisions about wealth distribution.
Read up on the difference between fiscal stimulus and monetary stimulus...it's impossible to have an intelligent discussion on this subject without knowing how those things differ.
Congress decides how the money is distributed when they're spending it.
Let's see, 3 input parameters, relying on a ton of pre-computed data, no ability to extrapolate beyond the precomputed numbers...they've invented the world's shittiest lookup table.
That being said, I agree it looks like AMD stock is priced for something spectacular to happen, which makes me more excited about their chips than their stock.
A low pass filter could easily be used to remove the impacts with the ice, but minus the impacts with the ice there's nothing in that acceleration trace that should be alarming for a professional athlete. The high frequency content is the concern here.
I think the reason this "entirely unexciting" study is getting attention is related to one of its author's having a talent for self-promotion.
For a non-manager in a large organization, the choices are pretty much accept your work environment or leave it. Fighting the entire company's culture as a low level employee is like trying to move a mountain by pushing harder.
To OP: Accept the pace your department moves at, and look for little victories. Your never gonna get to write a new app in a week and be a hero in your current company/department, but there is still some satisfaction to be found in ironing out little wrinkles one at a time.
If/when you leave, look for a job you want to go to, rather than just looking for a way out of your current job.