Hacker News Reader

skylan_qon Millennial Employees Confound Big Banks

I'm just going to start flagging them unless we get links to the full story.

skylan_qon The Panama Papers: how the world’s rich and famous hide their money offshore

As mentioned by another poster (who's comment is now dead?)

How is this different than when Apple, Microsoft, Cisco, Oracle, HP and Google "hide" their money offshore in places like Ireland and the Cayman Islands, which helps them avoid repatriating their profits overseas and paying taxes on them?

It isn't. The point of this is that Putin is doing it.

skylan_qon The Panama Papers: how the world’s rich and famous hide their money offshore

Scroll to the bottom: https://www.occrp.org/en/panamapapers/

Look at "Who supports our work"

It has Soros' fingerprints all over it. He's at it again: attacking nationalism (Russia, far-right parties) and promoting globalism.

The whole operation isn't exposing anything we don't know: rich people are rich and use whatever means at their disposal to keep rich. In fact, this is a media operation more than anything to villainize Putin and anyone associated with him. The truth is, pretty much every nation and its leaders are guilty of this.

skylan_qon The Panama Papers: how the world’s rich and famous hide their money offshore

The FSA in Syria also broke the ceasefire just 2 days ago to the dismay of John Kerry and others, and the Russians still have great intel:

Russian presidential spokesman Dmitry Peskov says that some mass media are preparing an outspoken pre-planned media attack against Putin and his entourage, according to Russian news agency TASS. http://www.unian.info/world/1302754-kremlin-some-mass-media-...

skylan_qon The Panama Papers: how the world’s rich and famous hide their money offshore

Why on earth Putin & Co will try to evade taxes and hide his money?

Why would the anti-russia media focus on one powerful rich person as being bad?

Gee, I wonder...

skylan_qon The Panama Papers: how the world’s rich and famous hide their money offshore

The data isn't available because it's only for specific media outlets to report on. They would hate to incriminate anyone who isn't Putin by accident.

skylan_qon The Panama Papers: how the world’s rich and famous hide their money offshore

No, it was created by George Soros with the help of some US institutions.

skylan_qon Money Creation in the Modern Economy (2014) [pdf]

I let you have the apple and you owe me 1.5 apples at some later point.

You value the apple more then getting 1.5 apples later I value getting 1.5 apples later more than I value getting the apple now

You got something, I'll get something.

skylan_qon Money Creation in the Modern Economy (2014) [pdf]

It used to be gold. Now it is $1 USD for $1 USD.

skylan_qon Buying groceries for rich people, I realized upward mobility is largely a myth

Serious question: Do you feel that society should be re-adjusted/obligated in some way to make more upwardly-mobile paths for writers?

skylan_qon Buying groceries for rich people, I realized upward mobility is largely a myth

Find one example of a poor person working hard and becoming rich! You can't! Ergo, myth.

skylan_qon Buying groceries for rich people, I realized upward mobility is largely a myth

However I'm not actually sure why this specific article was the one being picked for a second chance.

You must be new to the geekosphere, so let me answer that for you: People like to white knight visible minorities and women while also pretending that everyone can do what they like for a living and that the rich should foot the bill for it.

skylan_qon Buying groceries for rich people, I realized upward mobility is largely a myth

The author said as much in her last sentence: "It’s the work I want to own." Upward mobility is largely a myth www.buzzfeed.com

To say it's just a story about her experience is subversive, to say the least.

skylan_qon Buying groceries for rich people, I realized upward mobility is largely a myth

Many messages could be inferred but the title gave more than enough subtext to give the author's/publisher's intent.

What I gathered from this is that the author is making bad career choices and people in her family are prone to making bad choices.

She can't handle a woman laughing at her, so she decides to be a writer like her father. Seems like not growing up and having poor decision-making skills is what's stopping her upward mobility.

Buzzfeed is full of examples of this idea: I should be able to do what I want for a living because I want to do it, and it should make me upwardly mobile.

skylan_qon Buying groceries for rich people, I realized upward mobility is largely a myth

It was either: 1) A brainfart on OP's part or 2) You're watching someone who doesn't do chores pontificate on how bad "the poor people" have it.

skylan_qon Buying groceries for rich people, I realized upward mobility is largely a myth

"We do chores. You live life." The implication being that they consider their workforce to be less than human.

That doesn't follow at all. Just because people do chores it doesn't mean they aren't able to live or that they are less than human.

skylan_qon Buying groceries for rich people, I realized upward mobility is largely a myth

Twenty three paragraphs but no message.

The message is "tax the rich".

skylan_qon Chinese Buy One-Third of Vancouver Homes: National Bank Estimate

-9 out of 77 Chinese were asked if they have Vancouver property -BS extrapolation leads to 33% figure I believe it

Ladies and gentlemen, just remember that economic bubbles aren't only bubbles in assets, finance, and the structure of the economy, but also the psychology of the people.

The number is actually closer to 1-2%.

skylan_qon Intel Kills “Tick-Tock”

It's possible, but the usual pattern is that Intel is slightly price-competitive with AMD when the CPUs are in the same range of performance, and then Intel's prices just rocket upward after that. There's no reason to not come out with an $8,000 desktop CPU if they can get more performance.

skylan_qon A chilling mathematical model of inequality

* Hence, policy interventions aiming to spur economic activity should work better if they inject money into the system at the lower end, rather than from the top.*

Cantillon effects: In Essai, Cantillon provided an advanced version of John Locke's quantity theory of money, focusing on relative inflation and the velocity of money.[61] Cantillon suggested that inflation occurs gradually and that the new supply of money has a localised effect on inflation, effectively originating the concept of non-neutral money.[62] Furthermore, he posited that the original recipients of new money enjoy higher standards of living at the expense of later recipients.[63] https://en.wikipedia.org/wiki/Richard_Cantillon#Monetary_the...

Right now, banks and then gov't are the first recipients of new money being injected into the system a la central banking.

Wealth distribution schemes implemented through fiscal policy (taxes and tax credits/grants/UBI) can be undermined through monetary policy this way.

skylan_qon A Government Error Just Revealed Snowden Was the Target in the Lavabit Case

It wouldn't be gov't if that isn't exactly what they did.

skylan_qon February breaks global temperature records by 'shocking' amount

IT'S THE END OF THE WORLD (again)

skylan_qon February breaks global temperature records by 'shocking' amount

finally come around to the idea that climate change exists

Yes... they somehow impose carbon taxes, go to climate summits and make up protocols to agree to but none of them believe in climate change.

skylan_qon February breaks global temperature records by 'shocking' amount

Climate change scares me so much

It shouldn't. The climate has always been changing. Do that thing that humans do: be adaptable.

skylan_qon “I've been working at Mozilla for many years, from peak to decline”

Actions speak values. If you aren't acting on what you call values, they aren't values.

skylan_qon “I've been working at Mozilla for many years, from peak to decline”

If a homosexual bigot wants to discriminate against christians, well, that's not great but up to them. When the state wants to discriminate against christians, that's worse, especially since "right to family life" is a human right.

Oh wait, that's already happening and it's got a court ruling backing it: http://www.wsj.com/articles/court-rules-baker-cant-refuse-to...

skylan_qon “I've been working at Mozilla for many years, from peak to decline”

He's not a Mozilla exec. He got shamed out of his job for having had donated money to a group that was against same-sex marriage. Basically, all people who hold Christian values don't deserve to have a job.

skylan_qon “I've been working at Mozilla for many years, from peak to decline”

I've yet to see anyone pro-ssm get behind this kind of thinking, even though it is completely fair and rational to all groups. They want the state involved and for the state to define marriage so as to make it unfair to those who don't believe what they believe. i.e. "Marriage is just a couple who love each other" vs. other traditional beliefs.

skylan_qon “I've been working at Mozilla for many years, from peak to decline”

It's not fear of homosexuals. It's just that what they have isn't marriage.

skylan_qon “I've been working at Mozilla for many years, from peak to decline”

There's a world of difference between opposing gay marriage and supporting a white supremacist terrorist organization. They're not even remotely comparable. You shouldn't have responded. :( The guy is obviously a troll.