When he says "He wrote FAT on an airplane" he means with pencil and paper since FAT is so old that there were no laptops to do that on. Which maybe he figured out all of the specs, but he didn't put code down and debug it. Of course in those days writing it on paper was quite common before people typed it into the computer. And that is quite impressive in and of itself. Most of the time people treated that activity as if they were coding so they were very precise. Now a days we're fast, but we aren't as precise.
You can write code on paper and debug it in your head, running a simulator of the target environment in your brain. There is no "as if"; this was actually coding.
Coding is something you do in your brain, not in an editor.
So the author doesn't believe in homework or at least admits he thinks its pointless, and so does his son. My my my I wonder where a smart little boy learned that from?
Well if we ruin this economy we can just create a new one. :-) And I think that's what people will do. If this society offers you nothing then just start your own (see the New Delhi slums as an example). That's what Mennonites, Quakers, Amish and other groups do. They are loosely connected to the economy and aren't as affected by this as people fully involved with the global economy.
In a way activities like urban farming and doomsday preppers share a value system we'll see on a rise. The value system shared between these two activities is being self sufficient and control of your own destiny. We'll see this value of self sufficiency rise as the economy provides less and less to the unemployed. No one wants a hand out.
It`s not a Java hate comment: I'm writing this as an educator with 20 years teaching experience who has learned that some languages are better teaching ones than others. Java has its place ... but another language would be better suited there.
Ah yes Dennis Rodman is such a reliable source of information. He has to suck up to low life dictators. He's broke as shit! At this point Rodman is hoping to be anyone's lapdog just for rent money. There are people in prison camps for things their grandfathers did in North Korea. At least the people in the US had a trial by their peers for something they were actually were accused of doing.
I like that Dennis Rodman does what he does. He lives on the outskirts of our norms and enriches all of our lives by pushing the limits and exploring our options.
It just reminds me of Sean Penn kicking it with Saddam Hussein and trying to tell the US about how everything was cool and kosher in Iraq (just prior to the US invasion). Do you really think that if something bad is going on that a foreign dictator is going to openly admit to crimes against humanity just because some US celebrity shows up on their doorstep?
So I thought this article was pretty opaque. They didn't really discuss the subsidy enough. They just said there was a subsidy that allowed the banks to borrow money at a reduced rate. Who is giving them this preferential treatment? How do those particular banks get that subsidy? Why not charge all banks the same rate and let the size of these banks eat themselves. It's not a hard concept to swallow if you've had economics 101. Law of diminishing returns which happens to any business when it gets too large. But, I think it didn't really layout a case for why this subsidy exists.
The subsidy discussed is not an issue of economics directly, but capital markets, i.e. finance.
The paper infers a subsidy level for state-supported financial institutions by comparing the level of state support embedded in credit agency ratings and comparing them to their long-run average value. The authors control for the factors such as the sovereign's own ability to support, because sovereign debt is also rated by agencies, and for institutions intrinsic rating values.
Credit ratings are used directly and indirectly by capital market participants to determine the level of funding costs across all debt markets. So, they are the best available proxy for determining at least a floor for this preferential rate. As can be seen from previous financial crises, actual bailouts would be highly dependent on the nature of crises and may be substantially higher than expected.
How do those particular banks get that subsidy?
- from other market participants. In a sense, governments are permitting the misallocation of capital from other market participants, including governments and government agencies (hence taxpayers are directly involved), into the state-supported institutions. It is not a zero-sum game because of how that capital is then used.
Why not charge all banks the same rate and let the size of these banks eat themselves.
- there is no central rate allocation. Market participants use market prices and their best available information for funding costs. A state-supported institution is naturally considered by many participants to be a lower risk than a non-state supported institution.
I get the feeling the author of that piece didn't quite understand what the "subsidy" represented, hence why the author didn't explain it very well. If I can sum up what you said these bigger banks get better credit ratings because rating agencies give them better ratings because of their size and perceived safety. Overtime these small changes give them an edge in lending rates.
It's not a real subsidy. They're saying that by allowing banks to get too big to fail, the banks are in a sense using the assets of the federal government as if they owned them. Everyone knows the feds will bail them out, so they can borrow money more cheaply than they would be able to otherwise.
Law of diminishing returns doesn't work like that (they're not adding just a single factor of production), and you're fighting against economies of scale (which are also economics 101).
tl;df. I guess the point was that he couldn't assimilate into civilian life and the military didn't help him after an otherwise glorious end to a career he can't talk about. There you go now you don't have to read the wall of text.
This story seemed overly dramatic about the fallen hero angle. I don't doubt civilian life is difficult to adapt to. I've seen it first hand. But, it seems more like society is more in love with seeing their military heros fall from grace rather than succeed, and that's probably what we really need to fix. It still feels like we're haunted by the ugly perceptions we developed about our vets during Vietnam.
This method is also referred to as Mayan Multiplication which isn't necessarily exclusive to Japan or a technique the Japanese invented. It's not Mayan either, but just a neat technique to make multiplying numbers easier. Although it might be hard to perform in your head this way.
The babylonians, egyptians, and romans had their own techniques because multiplication by hand is not easy, and it's time consuming. Techniques like these enabled those civilizations to build wonderful engineering marvels. The point is these techniques don't violate math or subvert teaching math because it's not the same thing.
This subject was originally called arithmetic when I was in school which was different than math. Arithmetic was the rudimentary techniques for how numbers were added/subtracted/multiplied/divided where math was word problems that required you know arithmetic to solve but also required logic and abstraction. So yes arithmetic != math, but that doesn't mean teaching arithmetic is NOT useful. They are different concepts that are related, but not the same.
I think this is perfectly fine to teach someone this. The whole computation isn't math argument is a misplaced. We're talking about 2nd or 3rd grade students. They'll learn math at the higher levels again.
"intimacy - a close, familiar, and usually affectionate or loving personal relationship with another person or group." Therefore, you can't experience intimacy by yourself. It requires at least another person.
