So a company can exploit cheap labour overseas, but their cash cannot help pension funds of people from abroad?  Multinational Corporations have no national identity. Their profits shouldn't be regarded as being gotten in just one country. If Apple's offshore money gives a guy in Bangladesh a better pension, they can buy a nice Japanese scooter, which in turn allows a Japanese girl to buy an iPod.  I'm an idealist, yes.  I wish people would stop dividing this world up with fictitious borders and stop with the whole 'us vs them' thing.


> Are occasional use grid-scale natural gas plants economically viable compared to distributed gas generators?  Yes, a good question. I'm sure that ecologically a grid-scale natural gas plant is better than distributed as it will have higher efficiency and better maintenance. But I can see that the overhead of the grid (needs to be maintained too) may be too big economically and people may decide to drop of the grid entirely.  Where I live natural gas is not that widespread outside the cities, so this is probably not viable to most people. On the other hand we already today get 15% of your electricity from hydro storage, so on a national level, we are not too far from the presumed 20%. However, currently the pumped hydro storage plants have economic problems, because solar is eating their traditional high-price peak around lunch time.


I have answered your question in detail here https://stackoverflow.com/questions/12396422/apr-calculation-formula The annuity formula in FDIC document is at first finding PVIFAD present value annuity due factor and multiplying it with annuity payment and then dividing it by an interest factor of (1+i) to reduce the annuity to an ordinary annuity with end of period payments They could have simply used PVIFA and multiplying it with annuity payment to find the present value of an ordinary annuity In any case, you should not follow the directions in FDIC document to find interest rate at which the present value of annuity equals the loan amount. The method they are employing is commonly used by Finance Professors to teach their students how to find internal rate of return. The method is prone to lengthy trial and error attempts without having any way of knowing what rate to use as an initial guess to kick off the interest rate calculations So this is what I would suggest if you are not short on time and would like to get yourself familiar with numerical methods or iterative techniques to find internal rate of return There are way too many methods at disposal when it comes to finding interest rates some of which include All of the above methods use a seed value as a guess rate to start the iterative calculations and if results from successive calculations tend to converge within a certain absolute Error bound, we assume that one of the rates have been found as there may be as many rates as the order of the polynomial in this case 36 There are however some other methods that help find all rates by making use of Eigenvalues, but for this you would need a lengthy discourse of Linear Algebra One of the methods that I have come across which was published in the US in 1969 (the year I was born :) ) is called the Jenkins Traub method named after the two individuals who worked jointly on finding a solution to all roots of a polynomial discarding any previous work on the same subject I been trying to go over the Jenkins Traub algorithm but am having difficulty understanding the complex nature of the calculations required to find all roots of the polynomial In summary you would be better of reading up on this site about the Newton Raphson method to find IRR


This is a really poorly written article, and since I wasn't familiar with cnsnews.com and their crack shot journalism I looked up some more bits.  Here's a [fear piece](http://cnsnews.com/blog/craig-bannister/765894-hospital-jobs-hang-balance-obamacare-decision) about how if the supreme court fails to find Obamacare unconstitutional then EVERY catholic hospital in the country will have to close its doors.  Which is clearly not going to happen and the worst kind of yellow journalism.  Nothing to see here but some fear mongering, move along.


Contrary to what you might have heard, moving money between mutual funds, whether or not in the same family of funds, is a taxable event, assuming, of course, that the funds are not in tax-deferred retirement accounts. About the only thing that is not taxable is moving funds between share classes in the same mutual fund, e.g. a conversion from what Vanguard refers to as Investor Shares to Admiral Shares in the same fund. In some cases, the Admiral Shares may have a considerably different price (for example, Vanguard Health Care Fund Investor Shares (VGHCX) and Admiral Shares (VGHAX) are priced at $215.83 and $91.04 respectively and so changing from one class to the other changes the number of shares owned considerably while the net value of the investment remains unchanged.


No shot. Bezos already tried to engage Apoorva and he basically told him to shove off so maybe but I assume Amazon is going to tell them to get fucked  Actually, they might have been included (or at least that percentage) but its going to be a discount because of the overall size of the deal. Anyway you cut it, IC just lost their biggest competitive advantage to a direct competitor overnight.


I did find this information from the US Department of the Treasury: What are the penalties for withdrawing money early from a Time Certificate of Deposit (CD)? Federal law stipulates that all time certificates of deposit (CD) that are cashed out early are subject to a minimum penalty. If you withdraw an amount within the first six days after deposit, the penalty consists of at least seven days' simple interest. Other than that, national banks can set their own penalties; there is no maximum. Additionally, you may want to review the Account Agreement that the bank provided when you opened the account, as it explains the early withdrawal penalties. Check the paperwork to see if there is a short period at the start where the penalty is minimal. Each bank can set their own rules for the maximum penalty. Some base it on x months interest, some as a percentage of the CD, others may use a more complex formula.


I don't have a smartphone, so when I was in San Francisco, I used a cab driver.  He was really friendly, took me to where I needed to go and I called him back the next day to take me to the airport.  He said that he was going to protest at the state capital against Uber with some of this fellow drivers.  He said that they didn't require any sort of driving tests or insurance, and that made them extremely unsafe and unfair.  I'm all for disruptive business models, but I'm really unsure what separates these people from traditional taxi companies other than having a cool app.  They may live and die with regulations.


My $.02 is that the problem boils down to the disparity in the tax rates.  Money is taxed at a lower rate than people---in other words, money made by money (capital gains) is taxed at 15% and money made by people (income) is taxed at 35%.  Over time, money will naturally flow to wherever the tax is lowest because tax rates factor heavily into ROI.  We should equal the playing field, or even tax people at a lower rate than money.  Then there will be job creation, and more money will flow to employee's pockets as income, since it's no longer hugely advantageous to hold the money and invest it.  Consider employees to be another investment class, and lower the barriers to investing in that class.  Anyone care to opine on this?


yeah good points, those foods are disgusting if you look at them too closely.  I think some sausage is better than others.  What really gets me is not just the idea of them grinding in the lips and assholes as it were, but the chemical and other fucked-up processes they use to practically predigest food into goop.


"Came here for this, sort of. Punters were great, but after the punter era, there was a feature called ""warn"". Each user had a warning percentage.  As your warning level increased, you were increasingly rate limited. If you received a message from someone, and warned them, IIRC their warning level would rise by 10%, and you could warn at 10% up to 3 times (presuming you got at least 3 messages from that user).  Thing was, even if the target never sent you a message, you could warn a user. I guess if their profile offended you, was the use, and it would still raise your warning level by 5%.  So at that time all you needed was 20 user names and you could effectively sign any other user offline by rate limiting them to oblivion. I was going to say rate limiting them to AOHell, but that would have been confusing, because AOHell was a punter!"


Debt consolidation is basically getting all your debt into one loan. This is possibly more convenient, and lets you close the other accounts (in the case of credit cards, preventing you from incurring any more debt). Ideally, your consolidated debt will have a better interest rate, so it saves you money as well. If you're defaulting on your debt already, you're likely combining this process with some negotiation with your existing creditors.


Free Market as in Laissez-faire? Because that is economic anarchism and leads to either monopolies or market shutdown.   I believe in heavy restrictions myself, force companies to play ball, follow the rules, allow small businesses a chance to grow unopposed by big businesses, a few social programs here and there to incentivize employment and working - not giving out free money - except in the case of disability - which just ends up trapping people, myself included - and of course a reasonable minimum wage, so one person doesn't require more than one job, opening up those positions for other people.   This system makes it harder to get rich, sure, but it allows those at the bottom, especially hard-workers, to be able to survive, if not thrive. They pay more Sales Tax because they spend more, and they pay more Income Tax because they earn more, the currency strengthens as a result.


According to this, if your employer will not refund FICA taxes withheld in error, you need to file forms 843 and 8316 with IRS. Unfortunately, I have heard that it sometimes takes years for them to respond to those.


Yes, but PayPal has limits. Depending on your annual transactions you might have a $$ limit each year unless you agree to tie to a bank account. In my case, I set up another checking account to link to, and keep a small amount there. Less than $200.


I think the average pay rate is about $10 an hour through them so yeah I haven't heard of that. Remember this is daily Kos though so it may be slanted in a certain direction.   I can definitely see them not trying to pay overtime though.


To be more technical the Eurozone. UK is in the EU, but it's currency is fine. I hope you're not getting downvoted for the technicality.   Greece can't print money, it makes default more likely and that's a result of the Euro. That's the core of the problem. Europe wanted a shared currency without a shared budgetary process, this was going to happen eventually.


This is a logistics problem for a small percentage of employers. The economy as a whole doesn't need workers. These are companies that decided to keep their factories out in the middle of nowhere in order to keep property values down and then complain that they can't get workers.  Youngstown, Ohio has a total population of 64K people. They could move a half hour commute closer to Pittsburgh or Akron and be up to their eyeballs in workers.


I believe the worst part about Surface is running Windows 8.  It's terrible.  Horrible!  And yes, most of the terrible experience for users is that everything is all different now, for little reason, just like shifting to the continual interface revamp of *every* version of Office since 2007.  Change for change's sake?  Users are saying no thanks.  I know not *all* of it is change for change's sake, and I know about the requirement for a new OS to handle a touch-based interface--I get that.  But users have too much interface-change fatigue and are getting tired of paying more and getting less, all the while having to relearn whole systems of interface design that doesn't truly add to their productivity--especially because the next interface change will occur in only 12 - 24 months.  The ribbon interface is a wonderful waste of space, just when every device now made has a much smaller vertical resolution than horizontal (widescreen formats).  So take up much more vertical space so now the user cannot see what they're working on.  Simply brilliant!  Or, they could have put the toolbars off to the side where they would be out of the way--maybe that's the next scheduled interface change?  Put a touch-based Windows 7 OS on Surface and I believe you'd see an instant jump in sales.  Part of my business is fixing/building computers for people.  Many of them have simply purchased the latest laptop/computer/whatever they could find in stores and when they attempt to *use* their nifty new speed machine, they face continual frustration with the bizarre, confusing, and seemingly disconnected double-interface with Windows 8.  The bugs have them utterly baffled, and using skype is a disaster, since they can no longer figure out how to quickly tell skype to use the in-system microphone and webcam for the 13th time this month when receiving a call (like they used to be able to do--never mind that skype continually forgets these settings, as usual).  They also have to create some pointless Microsoft account to use the software/hardware they just purchased.  Why?  People aren't interested in being a card-carrying member of the Mickey Mouse Club anymore--so why *require* it of them?  They generally need to get something productive done, and all this bullshit stands in their way.  Three separated versions of email--that aren't connected at all behind the scenes--is a recipe for confusion.  Another part of my business is industrial design, and with that, the creation of productive, comfortable interfaces.  Here's my secret--good interface design really isn't that difficult--you just need to listen to what the users want.  Bam!  Now even Microsoft can turn things around.


Dự án chung cư Vinhomes Giảng Võ sở hữu vị trí đắc địa không thể đẹp hơn ngay tại trung tâm Quận Ba Đình, nằm ngay bên cạnh hồ Giảng Võ ngay tại nút giao Giảng Võ với Ngọc Khánh.  Dự án được ví như một quần thể đô thị sầm uất và hiện đại, tại vị trí Trung tâm thành phố – “Trái tim” của Thủ đô Hà Nội. Đây cũng là khu vực nằm trong quy hoạch chiến lược về kinh tế, văn hóa, hành chính được Chính phủ và các tổ chức kinh tế lớn quan tâm đầu tư mạnh mẽ.  – Phía Bắc giáp ngay đường Ngọc Khánh – Phía Đông – Bắc là đường Giảng Võ với quy hoạch rộng khoảng 17,5m – Phía Đông Nam tiếp giáp với hồ Giảng Võ


"While derivative pricing models are better modeling reality as academia invests more into the subject, none sufficiently do. If, for example, one assumes that stock returns are lognormal for the purposes of pricing options like Black Scholes does, the only true dependent variable becomes log-standard deviation otherwise known as ""volatility"", producing the infamous ""volatility smile"" which disappears in the cases of models with more factors accounting for other mathematical moments such as mean, skew, and kurtosis, etc.  Still, these more advanced models are flawed, and suffer the same extreme time mispricing as Black Scholes.  In other words, one can model anything however one wants, but the worse the model, the stranger the results since volatility for a given expiration should be constant across all strikes and is with better models. In the case of pricing dividends, these can be adjusted for the many complexities of taxation, but the model becomes ever more complex and extremely computationally expensive for each eventuality.  Furthermore, with more complexity in any model, the likelihood of discovering a closed form in the short run is less. For equities in a low interest rate, not high dividend yield, not low volatility, low dividend tax environment, the standard swap pricing models will not provide results much different from one where a single low tax rate on dividends is assumed. If one is pricing a swap on equity outside of the bounds above, the dividend tax rate could have more of an effect, but for computational efficiency, applying a single assumed dividend tax rate would be optimal with D*(1-x), instead of D in a formula, where D is the dividend paid and x is the tax rate. In short, a closed form model is only as good as its assumptions, so if anomalies appear between the actual prices of swaps in the market and a swap model then that model is less correct than the one with smaller anomalies of the same type.  In other words, if pricing equity swaps without a dividend tax rate factored more closely matches the actual prices than pricing with dividend taxes factored then it could be assumed that pricing without a dividend tax factored is superior.  This all depends upon the data, and there doesn't seem to be much in academia to assist with a conclusion. If equity swaps do truly provide a tax advantage and both parties to a swap transaction are aware of this fact then it seems unlikely swap sellers wouldn't demand some of the tax advantage back in the form of a higher price.  A model is no defense since volatility curves persist despite what Black Scholes says they should be."


This is wrong.  Clear but wrong.  A different story that has the benefit of being true follows.    Money is an agreed-upon fiction.  When, say, the Romans invaded a territory they had to find a way to feed their army and pay their soldiers.  The soldiers could just steal stuff, but that was unsustainable because after awhile all economic activity would just stop.  So, the army paid the soldiers with coins that could then be used by the soldiers to purchase things from the natives.     Now, the people had no reason to accept these stamped pieces of metal (gold and silver are not inherently valuable, it's just an agreed-upon fiction).  To force acceptance, Rome imposed taxes that had to be paid in Roman coinage.  Now, the people had to accept the coins to accumulate enough to pay their taxes, the soldiers were able to spend their pay, and a more-or-less modern looking economy was born.    Coins stamped with a monetary value have always been worth more than the market price of the underlying metal, (except in extreme circumstances.)  Currency has value because it can be used to pay taxes.


if I want to go to downtown paris it's faster to take then high speed train from amsterdam for me, or drive down. Is it worth it, up to you. There's a lot of culture there, history, nice touristy things, you can say you've been there... On the other hand it's also a busy and somewhat dirty city. Been there twice, once on a company staff weekend and once with friends going to an exhibition we wanted to see at the louvre, and went to see the city for a couple of days. Fun to have been there, but not in my top-5 favorite cities list. If you can work it in sure, go and see it. Do some touristy stuff if you have the time, or just tour the city a bit, maybe have a wine and dinner by the Seine river, see the louvre or the opera, whatever. Would it make a fun weekend? Sure. Would I make it the centerpiece of my holiday, probably not.


In some ways I might consider her a success just by keeping Yahoo in business this long, and then getting someone else to pay actual money to buy it. I've never heard of anyone using it in a long, long time.


Cat has always had plants in IL. HQ is in Peoria (grew up there, several members of my family work for them), and plants all over the place. Canada probably had other things going against it at the time they pulled out. Depending on the timing, it's quite likely that the exchange rate had shifted such that, even without a raise, the workers were effectively costing the company considerably more.  Articles like that seem to leave out all sorts of details. For instance, I only saw one point where salary was increased and it wasn't anywhere near a 60% increase - more like 15% which isn't entirely unheard of. There's also what looks like a one time cash payment - bonus for a good year. 3-4x salary isn't unheard of in executive bonus land. It's also highly variable and not guaranteed year to year. The rest would be in stocks and options. The trick there is that the amounts of those were probably determined when he signed his contract. The reason it makes for a big raise is because the stock price has gone up (though it's down nearly 20% over the last month - May kinda sucked for the stock market).  You also need to look at whether the profits are higher because of higher volume (and possibly more workers), better margins, better deployment of capital, etc. And when there's talk about asking worker to pay more for their health care, is it more as a raw dollar amount, or more as a percentage of the health care costs. As to whacking defined benefit pensions -- personally, I'd rather have a 401k. The problem with defined benefit pensions is that you're tied to that company for life. Put in your 40 years and then retire with 80% pay or whatever it is. Leave after 4 or 5 and you've pretty much got nothing - with a 401k, leave after 4 or 5 and you have what you've put away + what the company matched.


Full payment is always better than auto-loan if you are prudent with finances. I.E if you take a loan, you are factoring the EMI hence your savings will remain as is. However if you manage well, you can buy the car with cash and at the same time put aside the notional EMI as savings and investments. The other factor to consider is what return your cash is giving. If this more than auto-loan interest rate post taxes, you should opt for loan. For example if auto-loan is 10% and you are getting a return of 15% after taxes on investment then loan is better. Company Car lease depends on terms. More often you get break on taxes on the EMI component. But you have to buy at the end of lease period and re-register the car in your name, so there is additional cost. Some companies give lease at very favourable rates. Plus if you leave the job lease has to be broken and it becomes more expensive.


For Canada No distinction is made in the regulation between “naked” or “covered” short sales. However, the practice of “naked” short selling, while not specifically enumerated or proscribed as such, may violate other provisions of securities legislation or self-regulatory organization rules where the transaction fails to settle. Specifically, section 126.1 of the Securities Act prohibits activities that result or contribute “to a misleading appearance of trading activity in, or an artificial price for, a security or derivative of a security” or that perpetrate a fraud on any person or company. Part 3 of National Instrument 23-101 Trading Rules contains similar prohibitions against manipulation and fraud, although a person or company that complies with similar requirements established by a recognized exchange, quotation and trade reporting system or regulation services provider is exempt from their application. Under section 127(1) of the Securities Act, the OSC also has a “public interest jurisdiction” to make a wide range of orders that, in its opinion, are in the public interest in light of the purposes of the Securities Act (notwithstanding that the subject activity is not specifically proscribed by legislation). The TSX Rule Book also imposes certain obligations on its “participating organizations” in connection with trades that fail to settle (see, for example, Rule 5-301 Buy-Ins).  In other words, shares must be located by the broker before they can be sold short. A share may not be locatable because there are none available in the broker's inventory, that it cannot lend more than what it has on the books for trade.  A share may not be available because the interest rate that brokers are charging to borrow the share is considered too high by that broker, usually if it doesn't pass on borrowing costs to the customer.  There could be other reasons as well. If one broker doesn't have inventory, another might.  I recommend checking in on IB's list.  If they can't get it, my guess would be that no one can since IB passes on the cost to finance short sales.


I don't like Trump but you're not wrong. There is too much circlejerking and schadenfreude against Trump in reddit by taking pot shots at every opportunity. Reddit doesn't seem to realise that ridiculing Trump doesn't do anything because he is immune to It. We've already been ridiculing Trump even before the elections on how sexist and stupid he is and yet he won!      Edit: grammar


Okay, but the point is that the models are the calendar-meant for long terms. They're not designed to capture short term trends. You're pointing to a calendar and telling us it's wrong because it won't tell you if it's 1:30 or 4pm.


For a cheaper hedge , you can try a call spread. e.g if you shorted a stock at 40 but are worried that it can get bought out for 60. then buy a 50-60 bull call spread with appropriate number of contracts or even 50-55. this is better than just buying a 50 call as it will be expensive. Also the other option is not to short but buy a debit bear put spread 40-30 near the money and then buy an out of money call spread ( 55-60).


I'm from Westchester. Multiple chipotle in multiple cities in westchester ALWAYS had lines out the door. From MV to Ryebrook to White Plains. Lunch and from 430-630 still have people waiting out the door.   I've seen NYC chipotles with lines out the door. I went their all the time as a teen. It's what you get when you're just fucking around in Manhattan and don't want street food or restaurants.   What part of the city are you from because chipotles test kitchen (where the have queso) in the city is always packed as well.


I have to disagree. Millenials still have time for it to get better. We Gen Xers are losing our highest earning years of our lives while the Millenials are losing the lowest. Most people spend their 20s figuring out their lives and their 30s and 40s building their family and retirement. The Millenials simply have less to lose and have suffered far less of an impact.


His statement is false, for two reasons.  First, you don't want to compare month-to-month numbers.  The seasonality overwhelms and substantive changes.  It's like saying a retailer is growing strongly because December sales are much higher than November.  You need to compare with the previous December.  Second, 2017 is Obama's budget.  Trump didn't set taxes or expenditures.


His honesty is very  particular. I don't believe his intentions at all. He's playing a likeability game. He says shit like this while pushing for lower taxes on the richest 1%. Basically he is a hypocrite trying to pretend to care so that he will get the karma.


"Right now you are standing at a fork in the road.  If I could tell my younger self who blasted past that fork without noticing it what to do, I would say:  Research ""Financial Independence"" and ""Early Retirement"" and ""frugal living"".  If you do it right you can be financially independent in 5-15 years depending on your comfort level with frugal living. Many people celebrate graduation by financing a new car.  It's like a quadruple whammy.  New car brings sticker shock.  Financing is paying to use someone else's money.  Buying a car period is buying into the commuter lifestyle.  And the cash flow could have gone to reducing debt or building savings.  One blog I read advises that this step adds ten years to the time you have to work before you become financially independent."


"An US person could be liable for corruption charges in the US for paying a bribe in a foreign country, because of [FCPA](http://en.wikipedia.org/wiki/Foreign_Corrupt_Practices_Act).  Quoting: ""The anti-bribery provisions of the FCPA make it unlawful for a U.S. person [...] to make a payment to a foreign official for the purpose of obtaining or retaining business for or with, or directing business to, any person."""


may result in more taxes when Fund shares are held in a taxable   account. When the fund manager decides to sell shares of a stock, and those shares have grown in value, that growth is a capital gain. If that fund is part of a taxable account then the investors in the fund will have to declare that income/gain on their tax forms. That could require the investors to have to pay taxes on those gains.  Of course if the investors are holding the fund shares in a IRA or 401K then there are no taxes due in the near term. A higher portfolio turnover rate may indicate higher transaction   costs...  ...These costs, which are not reflected in annual fund operating   expenses or in the previous expense examples, reduce the Fund’s   performance. The annual fund operating expenses are the expenses that they can assume will happen every year. They include salaries, the cost of producing statements, paperwork required by the government, research... It doesn't include transaction costs. Which they can't estimate what they will be in advance. If the fund invests in a particular segment of the market, and there is a disruption in that segment, they may need to make many new investments. If on the other hand last year they made great choices the turnover may be small this year. During the most recent fiscal year, the Fund’s portfolio turnover rate   was 3% of the average value of its portfolio. That may be your best indicator.


earning it usually has nothing to do with it. Some requirements are near impossible to meet.   Everyone likes to complain about immigration yet most people have never actually looked at what it actually takes, and how much it costs. This doesn't even factor in the time and bureaucracy.


It sounds like the job will largely be an administrative assistant (scheduling, note taking, organizing, etc.).    If you want a primer on finance to try and show you want to understand more about what he does, then there's 4 fundamental ideas that underlie the majority of topics in finance:  time value of money, liquidity preference, risk, and leverage.  If someone has read and understands the investopedia intro paragraph on those topics; it's pretty easy to explain the gist of most aspects of finance to them.


No. As long as you live in the house for 3 years, it's yours to keep. Financing has nothing to do with that.


Basic arbitrage is the (near-)simultaneous purchasing and selling of things that are convertible.   The classic example is the international trading of equities. If someone in London wants to purchase a hundred shares of Shell for 40 GBP ea. and someone in New York wants to sell you a hundred shares of Shell for 61 USD ea., you can buy the shares from the guy in New York, sell them to the guy in London and convert your GBP back in to USD for a profit of $41.60 minus fees.  Now, if after you buy the shares in New York, the price in London goes down, you'll be left holding 100 shares of Shell that you don't want. So instead you should borrow 100 shares in London and sell them at the exact same time that you buy the shares in New York, thus keeping your net position at 0. In fact, you should also borrow 4000GBP and convert them to USD at the same time, so that exchange rate changes don't get you.


When people are crowing about their achievements, they often take liberties with those achievements. Vitalik's interpretation -- net worth, is probably what you would naturally come to mind. But when someone is bragging, that could mean anything -- $1M of total revenue.


"There are two options (according to Wells Fargo). You can either apply for a Business/Commercial Equity Loan or a Line of Credit. A loan is what it sounds like - they give you a lump sum of money for you to use and you have to pay it in monthly installments. A line of credit is like a credit card, you have money that you can borrow (up to a certain amount) and you have to make monthly payments. The process can differ for different business, they probably look at what your real estate is worth, how much money you are generating from it, etc. I am not recommending or endorsing Wells Fargo, other major banks offer the same types of products, Wells Fargo just happened to appear first when I searched for ""business line of credit""."


It is not right to force people to buy any product or service. Period. Do you see how wrong this is? I'd wager that you and I both agree that getting health insurance is a responsible thing to do. Ok, good. But I do not agree that anyone should be forced to buy anything. This is tyranny.  Regardless of what is responsible or not, the government, or anyone else for that matter, has no right to force you to buy anything just for the simple fact that you breathe air. Obama signed into law a tax on all living people with the signing of Obamacare. So, because you're alive you are slapped with a tax until the day you die. It's a complete disgrace. This mandate is just one of the terrible things about Obamacare. Imagine what we could be forced to buy next? The federal government forcing us to go to college? Or perhaps the federal government forcing all employers to employ no less than 20 people? Or maybe they want everyone to buy cable. Mandating that anyone buy anything is not right in the least. And there is much more wrong with Obamacare than just the mandate and these other points I made.  Forcing insurance companies to cover pre-existing (PE) conditions without being able to charge more is another blow to our liberty and freedom. When the government mandates that insurance companies must cover pre-existing conditions and must do so without charging more, you leave the door open for consumers to abuse this system. Obama effectively gave people the option to get insurance AFTER they get sick without consequence of higher prices. That is, by definition, not insurance. And then, when that person is no longer sick they can hop off their plan. Do you understand the economic effect of this? This is the reason why insurance premiums are skyrocketing. When someone hops on with a PE condition and then hops off during open enrollment, that person is paying $100 for $1,000 worth of medical care. My numbers of fictitious, but the concept remains the same. Imagine if you had a business where customers paid a monthly fee of $50 so that at any time they may withdraw $1,200 when they needed it. Well, the federal government decides to pass a law that says you cannot deny people that don't have a monthly subscription and need immediate financing. And now people can come in and give you $100 and in return you give them $1,000. Your business would be an epic fail except you did two things to combat this new law. 1) You raised your customers' monthly subscriptions from $50 to $75; and 2) You now require that monthly customers pay a $25 deductible before they are allowed to have their $1,200. As a business person, these changes were necessary because you were not allowed to deny walk-in customers that were exchanging their $100 for your $1,000. This is how Obamacare is affecting the insurance market. Insurance companies have to find a way to not lose money. Raising premiums and deductibles for paying customers is the only way to do it.  In a perfect world, everyone buys health insurance before they are sick. And despite the fact that we don't live in a perfect world, there were still ways to get health insurance - and I'm talking pre-Obamacare - if you didn't have it before getting sick. You could have gotten a job that offered medical coverage in a group insurance plan. These plans always covered PE conditions. These plans are (still) required to cover PE conditions.  I am not a bad person. I'm not greedy, either. I believe in social support system for those that truly need it. Sometimes people are born into bad situations or sometimes people can slip up and hit some bad luck. I am more than fine with helping those people out. But when the government puts their hands too deep into my pockets, it isn't just money they are grabbing. I spend over 40 hours a week at a job. That job is where I (obviously) make my money. Time is money. And so when the government is constantly creating new welfare programs, the government is taking time from my life. This is time that I want to spend with my friends, wife, mother, father, sister, and daughter. Time is limited for everyone and I want my time outside of my 40 hours at work. THAT is my right. That is all of our rights.  You know, even the crazy, loony toon, socialist Bernie Sanders says that those people that work 40 hours a week deserve to make a living wage. Well, if companies weren't regulated so much we'd sure as hell have more money in our pockets. Less government regulations means more competition, more availability, more choices, and better prices. Look at the grocery store industry (i don't know the proper industry term). We have Shop Rite, Acme, Whole Foods, Publix, Wegmans, BJ's, Costco, Traders Joe's, Wawa, Sheetz, and so many more. Look at how stocked our supermarket shelves are...all the time. The only shortages that ever happen are when forecasts call for snowstorms and all the ice melt is gone. Other than that, shelves are stocked, food is fresh, and prices are excellent. And you don't have just one brand of sliced bread, or a single brand of peanut butter, or regular butter, or lettuce, or crackers, soup, meats, on and on and on....you have many brands for many products. We have 13 different kinds of milk in our grocery stores. Almond milk, soy milk, whole milk, 1%, 2%, organic milk, organic 1%.... The government didn't do any of this. People did. Smart. hard-working people did this. There is a market of consumers that want that stuff. And people made business to supply the demand. This is how things work. This is why we are the greatest country on this planet in the history of this world.  Running water in your home. Central air. Life-saving surgery/drugs and physical therapy. Being able to turn on and off electricity with a switch. Make a pot of coffee right at your kitchen counter top. Read GoT right on your e-reader. Wash and dry your clothes in your own home. Print a document. Cars/motorcycles/segways. Contact lenses. Run on the treadmill. Play music on your bluetooth speaker from your Mac Book Pro. And this list can go on virtually forever. The government did not of this. People did. And if the government can get the hell out of our way, we can continue to improve the quality of life like we have been for hundreds of years now in this country.


I don't follow his logic here:  >Because when workers earn more money, businesses have more customers and hire more workers  How does a business paying its workers more money = getting more customers?  The only connection I can see between the two is that some customers will politically approve of that and move their business over?  Very facile logic, if that's what he means.


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"I've seen ""temp to hire"" once, and that was with a large gov contracting company after they realized they kind of messed up the contract and would have to let me go if I didn't switch to working direct for them, and they really really wanted to keep me.   For the most part in tech what I've seen follows this rule if you're a contractor your a contractor, and temp to hire just means they want a cheaper contractor and will not hire."


As long as the relative in the UK is not a US citizen and isn't considered domiciled in the US, there will be no estate taxes imposed by the US. You can see a much lengthier explanation on this subject here. The summary is that as a US citizen or resident, you can't circumvent estate taxes by moving yourself or your money abroad, but a relative who genuinely doesn't have US ties (other than inheritors located in the US) will be covered through applicable tax treaties (the UK does have an applicable tax treaty and applicable estate taxes as Ganesh points out).


"There are a couple of different things that could be referenced by ""cheap money"": The money supply itself - This is the Federal Reserve printing more money which could devalue the existing US dollars and thus make the dollars even cheaper since there would be more of them. Interest rates - Currently in the US interest rates are rather low which means that borrowers could possibly get good rates on that money thus making it relatively cheap.  Compare current interest rates to the early 1980s and there is a major difference. In terms of implications on the stock market, there are a couple that come to my mind: Investment options - With low interest rates, cash and bonds aren't necessarily yielding that much and thus some people may be more likely to invest elsewhere with stocks being an option.  Thus, there may be some people that would rather invest in stocks than hold their investments in lower-yielding options. Corporate spending - If rates stay low, then for companies with good financial track records, they could borrow money to expand operations rather than sell more stock and thus there may be companies that borrow to grow so that they take advantage of these interest rates."


You can get an SBA disaster loan to help cover costs. There are a few different kinds of loans. You have to live in a qualifying area to get one, which you likely do. There are physical disaster loans, which cover inventory, and that may help replace the flowers/plants. They also have EIDLs which you can use to help cover ongoing costs like fixed bills while you get back into business. Important to note these are loans, intended to be low-interest (or at least lower than a merchant cash advance or putting charges on credit cards), and do have to get paid back. There are hoops to jump through too, but they may be your best option, depending on your current financial situation. (You could also go to your local Small Business Development Center for help -- they have free resources and experts who can help you understand your options.) And when you get back up on your feet, get a business line of credit and business insurance so you have a backup plan and immediate access to capital for next time. This article is about Harvey, but same ideas apply for Irma: https://www.nav.com/blog/how-to-get-an-sba-disaster-loan-after-hurricane-harvey-22706/


The cycle has been continuously going for a couple generations now and seems to be getting worse. I don't have the answers but it seems obvious that doing what they've always done doesn't work.  I'm always entertained by people thinking that life should be fair. No where in nature is life fair. Some people are born with an advantage and still screw it up and others are born disadvantaged and succeed. I think it's obvious that people make choices that make one or the other outcomes more likely but nothing is guaranteed for them.


Payroll is a huge part of any companies costs. I said that it would of course have different consequences for subway than it does for Walmart, but more and more chains are finding that it is feasible to pay people fair wages and still be able to thrive. Starbucks is yet another example of this.  Businesses can't be held responsible to uphold social good on their own. Obviously, Subway has no real incentive to raise their wages. However, the government is responsible for policies that are good for the economy at large, and raising wages is one of the things they can do to stimulate an economy. It is true that typically it results in a small amount of job loss at first, but time and time again has shown net positives. Arguing against minimum wage or labor laws is just outright idiotic.


When you say: I am 48 and my husband is 54. We have approx. 60,000.00 left in our retirement accounts. We want to move our money into something so our money will grow. We've   been looking at annunities. We've talked to 4 different advisors about   what is best for us. Bad mistake, I am so overwhelmed with the   differences they all have til I can't even think straight anymore. @Havoc P is correct: ...It's very likely that 60k is not nearly enough, and that making the right investment choices will make only a small difference. You could   invest poorly and maybe end up with 50K when you retire, or invest   well and maybe end up with 80-90k. But your goal is probably more like   a million dollars, or more, and most of that will come from future   savings. This is what a planner can help you figure out in detail. TL; DR Here is my advice:


To be honest I've had rather poor experience with unionized workers in the US... I've seen union electricians wire emergency power off circuits backwards (such that they wouldn't work when the firefighters try to cut power to the facility, or wouldn't work when on battery power)... I've seen unionized construction workers seal garbage under a floor because they couldn't be bothered to pick it up (it was their own too, food waste). Other unionized trades that will just leave their garbage / cuttings / mess for someone else to clean up.   From what I've seen / experienced Unions today are nothing like what they should be, protecting the most incompetent among them and constantly demanding increased wages for poor performance.   Why should I have to pay someone more to do a shittier job just because they're in a members only club? Honestly, I cant think of any reason for minimum wage paying jobs to have a union. If you think the wages are too low for cost of living then the minimum wage should be raised. These people have no special skills, little to no training, and usually no education.


I also am paying roughly twice as much in rent as a mortgage payment would be on the type of house I have been looking at, so I'd really like to purchase a house if possible. Sounds like I need to rain on your parade a bit: there's a lot more to owning a house than the mortgage. Property tax, insurance, PMI, and maintenance are things that throw this off. You'll also be paying more interest than normal given your recent credit history. It's still possible that buying is better than renting, but one really should run the detailed math on this. For example, looking at houses around where I live, insurance, property tax and special assessments over the course of a year roughly equal the mortgage payments annually.  You probably won't be able to get a loan just yet. If you've just started your new job it will take a while to build a documentable income history sufficient for lenders. But take heart! As you take the next year to save up a down payment / build up an emergency fund you'll discover that credit score improves with time. However, it's crucial that you don't do anything to mess with the score. Pay all your bills on time. Don't take out a car loan. Don't close your old revolving accounts. But most of all, don't worry. Rent hurts (I rent too) but in many parts of the US owning hurts more, as your property values fall. A house down the street from my dear old mother has been on the market for several months at a price 33 percent lower than her most recent appraisals. I'm comfortable waiting until markets stabilize / start rising before jumping on real estate.


Not according to the SEC: A mutual fund is an SEC-registered open-end investment company that pools money from many investors and invests the money in stocks, bonds, short-term money-market instruments, other securities or assets, or some combination of these investments.  The combined securities and assets the mutual fund owns are known as its portfolio, which is managed by an SEC-registered investment adviser.  Each mutual fund share represents an investor’s proportionate ownership of the mutual fund’s portfolio and the income the portfolio generates.  And further down: Mutual funds are open-end funds.


Here is a list of threads in other subreddits about the same content:   * [McDonald's sets new welfare standards for chickens](https://www.reddit.com/r/environment/comments/79lcq9/mcdonalds_sets_new_welfare_standards_for_chickens/) on /r/environment with 3 karma (created at 2017-10-30 11:51:04 by /u/readerseven)  ----   ^^I ^^am ^^a ^^bot  ^^[FAQ](https://www.reddit.com/r/DuplicatesBot/wiki/index)-[Code](https://github.com/PokestarFan/DuplicateBot)-[Bugs](https://www.reddit.com/r/DuplicatesBot/comments/6ypgmx/bugs_and_problems/)-[Suggestions](https://www.reddit.com/r/DuplicatesBot/comments/6ypg85/suggestion_for_duplicatesbot/)-[Block](https://www.reddit.com/r/DuplicatesBot/wiki/index#wiki_block_bot_from_tagging_on_your_posts)  ^^Now ^^you ^^can ^^remove ^^the ^^comment ^^by ^^replying ^^delete!


If you put down 80% of the purchase price for a house, you can very likely get a loan with few problems.  After all, people with credit scores in the mid-500 range can get loans with 20% down.   My question would be this -- if you actually had $400,000 then why not just buy a $400,000 house?  If the goal is to improve your credit then if you buy a house for cash, you can then take out a home equity loan and make the payments, which would greatly improve your credit.


Here's a good inflation calculator based on official US government sources: http://www.westegg.com/inflation/ You can get a good idea of the affect of productivity gains on prices by comparing price differences between different commodities. For example, eggs sold for $0.50-0.60/dozen in 1920, and are usually about $2.50/doz where I live. In real terms, the price actually declined from 1920 to 2010.


There are many Shariah compliant investments, so that could direct your resulting searches. Shariah compliance is a very strict interpretation of Islam and for investing offers strict guidelines in what to invest in and excludes investments in companies that engage in certain businesses such as gambling, tobacco, pork and trading of gold and silver on a deferred basis (and more). Many multinational financial service companies such as the Standard & Poors (S&P) offer Shariah Compliant funds and indices, as such, it makes it easier to invest in a variety of different assets through them. You can also look at their fund's constituents and invest in those assets directly. Secondly, going back to your original question about a compound interest equivalent, you can look at the products offered by Shariah Compliant banks. Now, if it is really important for you to adhere to the strictest interpretations of your faith, you should know that most Islamic Banks have interest bearing assets within them and that they disguise that fact. The global financial system is based on interest bearing instruments such as bonds, and Islamic banks are large holders and issuers of those instruments, and all of their consumer products are also based on the interest rates of them. Even convoluted alternatives such as Islamic mortgages, where they are advertised as non-interest bearing equivalents, many times are also the interest bearing version. Unfortunately, these lies are enough for the banks to continue to get business from their target audiences, but outside of Islam this is a very standard and stable business practice. The point is that you should look very carefully at the alternatives you find.


Stockpiled as treasuries, which are a debt security, they are liabilities.  You're making the case that as the gov't spends it's ability to spend increases as the economy grows? It's not like we're flipping a switch and turning on a light bulb  Edit: it's more like walking out on a tight-rope while people are yelling at you haha


Is the following correct?  The firm needs $20,000 for the investment. It borrows $6,000 @ 7%, and supplies $14,000 in equity.  The interest expense on the borrowing is $420 ($6,000 times 7%).  After one year, the firm receives $26,500 from its investment. Subtract $6,420 (return borrowings plus interest). The firm is left with $20,080. Divide by starting equity of $14,000. Subtract 1 from the ratio.  **Levered return on equity is 43.4%.**


Become?  Lego has never been an inexpensive toy.  The first set I received on Christmas 1980 was 6970, it sold for [$29.44](http://www.wishbookweb.com/FB/1980_JCPenney_Christmas_Catalog/#511/z).  Adjusted for inflation that's $92.63 for a 254 piece set.    EDIT: Browse around [Brickset](https://brickset.com/browse/sets) by year and you can see that PPP (price per piece) on average has remarkably stayed the same and has not risen with inflation.  I think on average there are more sets with higher piece counts, but by piece Lego has gotten cheaper.


My point is that investors can assume whatever they want, it doesn't make it a fact. If I think Apple should be selling at 1,000 a share because the I assume the US government will pass a law giving them a huge tax advantage, does that mean that there is now a government subsidy in effect? Until the government explicitly states that they will not allow a systemically important bank to go the way of Lehman, there is no government subsidy.


People have moods, that mean they don't have the same level of demand for luxuries every day.  There might be some days when I'm feeling a bit poor, or feel like I need to save money, and the price I'm prepared to pay for a box of popcorn might be 50c.  There might be other days, for example, the day after I receive my wages, when I feel rich and I don't care how much I spend on things.  On such a day, the price I'm prepared to pay for a box of popcorn might be $10. Now, when a supermarket sells popcorn, they're not really able to price discriminate between these two groups.  People come through their doors in all kinds of mood, so the profit-maximising price for popcorn is going to be somewhere in the middle. But the only people who go to a movie theatre are people who are already in the right mood to spend money on needless luxuries.  So the very fact of being in a movie theatre means that a popcorn stall, whether affiliated to the theatre or not, is open only to the high-spending end of the market.  They have already caught me when I'm in the mood to spend, so their profit-maximising price will be much higher than that of the supermarket.


Yes sir, been there did that.  Now a Roth account is considered income if you it pull out. It is your money and you have to report if you pull it out. FYI, open a savings account, and put it in that so if you need it this will not happen.


I am going to give advice that is slightly differently based on my own experiences. First, regarding the financing, I have found that the dealers do in fact have access to the best interest rates, but only after negotiating with a better financing offer from a bank. When I bought my current car, the dealer was offering somewhere around 3.3%, which I knew was way above the current industry standard and I knew I had good credit.  So, like I did with my previous car and my wife's car, I went to local and national banks, came back with deals around 2.5 or 2.6%.  When I told the dealer, they were able to offer 2.19%. So it's ok to go with the dealer's financing, just never take them at face value.  Whatever they offer you and no matter how much they insist it's the best deal, never believe it!  They can do better! With my first car, I had little credit history, similar to your situation, and interest rates were much higher then, like 6 - 8%.  The dealer offered me 10%.  I almost walked out the door laughing.  I went to my own bank and they offered me 8%, which was still high, but better than 10%.  Suddenly, the dealer could do 7.5% with a 0.25% discount if I auto-pay through my checking account. Down-payment wise, there is nothing wrong with a 35% down payment.  When I purchased my current car, I put 50% down.  All else being equal, the more cash down, the better off you'll be.  The only issue is to weigh that down payment and interest rate against the cost of other debts you may have.  If you have a 7% student loan and the car loan is only 3%, you're better off paying the minimum on the car and using your cash to pay down your student loan.  Unless your student loan balance is significantly more than the 8k you need to finance (like a 20k or 30k loan). Also remember that a car is a depreciating asset.  I pay off cars as fast as I can.  They are terrible debt to have.  A home can rise in value, offsetting a mortgage.  Your education keeps you employed and employable and will certainly not make you dumber, so that is a win.  But a car?  You pay $15k for a car that will be worth $14k the next day and $10k a year from now.  It's easy to get underwater with a car loan if the down payment is small, interest rate high, and the car loses value quickly. To make sure I answer your questions: Do you guys think it's a good idea to put that much down on the car? If you can afford it and it will not interfere with repayment of much higher interest debts, then yes.  A car loan is a major liability, so if you can minimize the debt, you'll be better off. What interest rate is reasonable based on my credit score? I am not a banker, loan officer, or dealer, so I cannot answer this with much credibility.  But given today's market, 2.5 - 4% seems reasonable. Do you think I'll get approved? Probably, but only one way to find out!


Ok, fair enough.  But Russian news agency posting about dangers of more sanctions is about as surprising as tobacco company writing about benefits of tobacco -- of course they'd write that.  It just.. doesn't add any useful information.  And the article doesn't contain much aside from the quote anyway, and a link to RIA Novosti.  If this was an article from Economist, or another reasonably respectable source that is not normally aligned with Russia, and if it had a bit more analysis, it would have been an interesting read.


Getting about a dollar more per day is the difference between starving and not starving for many people. If you compare that to the alternative without globalization, that is: not getting a dollar a day and starve, that's good. The author isn't comparing globalization with pre globalization, he's comparing globalization with his fantasy, and calling the reality outside of his fantasy a lie. What a visionary.  And I'm so bloody tired of people not understanding resources. If these 63 people would throw their money to the poor that wouldn't make food magically appear, that would just make food prices go up, leaving the poor with as much food, but a bunch of useless paper-scraps as well.  for the 100:th time: communism doesn't work.


"Queuing for service also occurs in the US... except that position in the queue is determined by wealth (i.e. US care is rationed based on the amount of money in your pocket). Essentially in the US the poor have been kicked out of the line, which on first blush makes the line ""disappear"".  Queuing in Canada is based on medical need (those in the most dire need are treated first). Beyond that, the other choke point is available resources (eg. not enough orthopedic surgeons)."


I like You Need A Budget (YNAB) Pros: Cons:


I wholeheartedly agree with you that keeping whales in captivity is horrible. Sea World as an organization actually does quite a bit of good in the realm of marine biology and preservation, but this one big black stain just makes them look terrible. I really wish they would free the captive orcas (that are able to survive in the wild) and any remaining (old, injured, maimed, not viable in the wild) no longer used for shows or as attractions.


It's a tax shelter. Foreign affiliates hold most of Microsoft's cash and investments. The cost of borrowing is much cheaper than repatriating the money and paying taxes. Those bonds are selling at rates similar to US Treasury Debt. Also, many people and organizations with lots of assets still borrow money for day to day expenses. Why? You tend to make a better return on investments which are committed for a number of years, and the timing of income from those investments may not coincide with your expenses.


When you own stock in a company, you do literally own part of the business, even if it's a small portion. Anyone amassing over 50% of shares really does have a controlling interest. No, you can't trade a handful of AAPL shares back to Apple for an iPod, but you can sell the shares and then go buy an iPod with the proceeds. Stock prices change over time because the underlying companies are worth more or less and people are willing to pay more or less for those shares. There is no Ponzi scheme because each share you own can be bought or sold on the open market. Dividends come from the company profits, not from other investors. On the other hand, money only has value because everyone believes it has value. There's the real conspiracy.


The maintenance of roads is largely funded by gasoline and diesel fuel taxes. Since the amount of fuel you consume roughly correlates with the wear you cause the roads these very closely resemble a user fee. It's the same with tolls. Those who use the resource pay for it (and they pay it typically to a state toll authority not a private company). Now some larger transportation capital improvement projects, like reworking a major intersection or a new bridge, will rely on grants and direct taxes but mostly its fuel taxes funding everything.


I took the BAT after my first semester of my freshman year. At the time I was winding up my microeconomics class. While I lacked the classical schooling, I've been investing for the past 3 years, so I'm pretty familiar with stocks, bonds, derivatives, and the like. I ended up scoring in the 50th percentile, which I was pleasantly surprised by.  The test is a mile wide and an inch deep. The math is incredibly easy, and it's all very straight forward. What got me was the accounting. I had no accounting experience beyond just examining a very basic balance sheet from time to time.


You're not crazy, but the banks are. Here's the problem: You're taking 100% LTV on property A - you won't be able to get a second mortgage for more than 80% total (including the current mortgage) LTV. That's actually something I just recently learned from my own experience. If the market is bad, the banks might even lower the LTV limit further. So essentially, at least 20% of your equity in A will remain on the paper. Banks don't like seeing the down-payment coming from anywhere other than your savings. Putting the downpayment from loan proceeds, even if not secured by the property which you're refinancing, will probably scare banks off. How to solve this? Suggest to deal with it as a business, putting both properties under a company/LLC, if possible. It might be hard to change the titles while you have loans on your properties, but even without it - deal with it as if it is a business. Approach your bank for a business loan - either secured by A or unsecured, and another investment loan for B. Describe your strategy to the banker (preferably a small community bank in the area where the properties are), and how you're going to fund the properties. You won't get rates as low as you have on A (3.25% on investment loan? Not a chance, that one is a keeper), but you might be able to get rid of the balloon/variable APR problem.


Restricting the discussion only to Internet hacking:   In Option 2 or Option 3, you have to realize that the funds are credited to a specific Registered Bank Account. So the max damage an hacker can do is liquidate your holding. In Option 2, the Banking Internet Login and the Broker Internet Login will be different, For example HDFC Bank and HDFC Securities. In Option 3, if you choose your Bank, then it will be the same Login. If you choose a Non-Bank as provider then there is a different login. The risk is no different to investing in shares. In the end its up to an individual, there is nothing that stops you from opening multiple accounts in option 2 and option 3 and buying the stocks worth particular value. From an overall risk point of view; Option 2 seems best suited as the units are held in a Demat from by a Depository.


"Intrinsic value is a myth.  There is no such thing.  Subjective human demand is the only thing that gives anything value.  This subjectivity is different person to person and can change very quickly. Historically there are two main uses for gold: jewelry and money.  How can you tell when a particular type of money is undervalued?  It disappears from circulation since people prefer to use money that is overvalued.  This phenomenon is paraphrased in Gresham's Law: Bad money drives out good money. The Coinage Act of 1792 established the US dollar as 371.25 grains of silver or 24.75 grains of gold.  This established a government ratio of 15 ounces of silver to 1 ounce of gold.  In the late 18th century there was a large production of silver from Mexico and the market ratio of silver to gold increased to 15.75 to 1 by 1805.  The government ratio, however, was still 15 to 1.  This was enough incentive for people to exchange their silver coins for gold coins at the government ratio, melt the gold, and sell the gold bullion overseas at the market value.  Thus, gold coins disappeared from circulation as people either hoarded the gold or sent it abroad.  People used the overvalued silver coins (i.e. the ""bad"" money) domestically and gold coins disappeared from the market. In an attempt to correct the problem of disappearing gold coins the Coinage Act of 1834 was enacted.  It kept the US dollar at 371.25 grains of silver but changed the definition to 23.2 grains of gold which established a government ratio of 16 to 1.  This was close to the market ratio of gold to silver at the time so both gold and silver coins appeared in circulation again.  The gold rush of 1849 produced a lot of gold and the market ratio of silver to gold became 15.46 to 1.  Now gold was overvalued so people began exchanging their gold coins for silver coins at the government ratio, melt the silver, and sell the silver bullion overseas at the market value.  People used the overvalued gold coins (i.e. the ""bad"" money) domestically and silver coins disappeared from the market. When you see gold circulating everywhere you will know it is overvalued compared to other types of money.  Paper money always drives gold out of circulation since the market ratio of paper to gold severely under values gold. Source here."


>Investigators could not hear what the Air Canada captain and co-pilot said to each other during the aborted landing because their conversation was recorded over when the plane made other flights, starting with a San Francisco-to-Montreal trip the next morning.  Was this not initially registered as any type of incident? How could that data have not been accessed?


"Ya, I mean if your really wanting to gain ppl's respect it might be a good idea. What you WANT to be is a leader, not just a manager. Ever wonder why most ppl hate their bosses?? It's bc they aren't leaders. Just from experience, since your young and wanting to gain the respect of the employees...you will gain it 100% more from your work ethic than any kind of job title. And if you do have eventually tell someone what to do, don't do it as a ""boss"" but a leader. Show them what you expect, show them you believe they can meet that expectation, then help them achieve it. Instead of yelling or fear mongoring."


That metric is not very useful for anything other than very extremely long trading periods. Most strategies or concerned with price movement over much shorter time frames, 15 mins, 1 hr, 4 hr, daily, weekly, monthly. The MA or moving average is a trend following lagging indicator used to smooth out price fluctuations and more accurately reflect the price of trading instrument such as a stock (AAPL), commodity, or currency pair. Traders are generally concerned with current market trends and price action of the instrument they are trading. As such, an extremely long MA (average daily price, over a period of 365 days) are generally not that important.


Money you need in less than 5 years should be saved not invested.  The only place I would be comfortable the money would be a money market account or Certificate of Deposit (CD). I usually go for the money market account because they pay at or close to CD rates and there are no restrictions on getting to the money. However in this case I might choose a CD to keep me from being tempted to borrow some of it for something else. But even after typing that I still think I would put it in a money market, because if interest rates rise they rise in the money market but not the CD, and I just don't think interest can go much lower.


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Make it more expensive for foreign investors to buy houses.  At least, look at where the money is coming from.  When the Chinese economy takes a dive and all these investors look to sell at the same time it is going to get interesting in the housing market.


On aspect of this is that your liability in civil suit can vary substantially based on where you live. A judgement in one jurisdiction may not follow you to another (eg I believe in Vermont they do not honor out of state judgements), so there is an option to simply allow a default judgement and not worry about it. This a pretty complex decision to get yourself the best deal.  You need a lawyer to help you make the right call.


The new mortgage qualification rules were introduced to cool a hot Canadian housing real estate market. The rules are a pre-emptive measure intended to avoid a bubble (and later crash) in real estate. The government wants to make sure anybody buying a house can handle higher interest rates. Those rates, currently at record lows, are expected to go up later this year and into the future. The tighter mortgage rules include: Borrowers will need to qualify against a minimum standard 5-year fixed rate mortgage, even if they'll contract their mortgage at a lower or variable rate.  Previously, the 3-year fixed rate mortgage was used as the minimum qualification standard. The amount a homeowner can borrow in a refinanced mortgage drops to 90% of the home value, down from 95% of the home value.  A home is not meant to be an ATM machine. Anybody wanting to borrow to buy an investment property – i.e. a property that won't be their principal residence – will need a 20% downpayment instead of a 5% downpayment. The new rules go into effect April 19th, 2010.  However, according to the backgrounder (see below): Exceptions would be allowed after   April 19 where they are needed to   satisfy a binding purchase and sale,   financing, or refinancing agreement   entered into before April 19, 2010. Definitive information about the new rules can be found at the Department of Finance of Canada.  Specifically, refer to: Some additional news media sources:


These statements aren't necessarily contradictory. In the first case, investors are bearish because they anticipate selling in the future (because all the interested buyers have bought, so all that remains in the short run are people willing to sell and therefore drive down the price).  In the second case, the trend is strengthened because the increase in volume indicates that the price movement interested a lot of traders. The trend could be bullish or bearish.  The statements aren't contradictory because the second case could very well lead to the first case. For example, if an increase in price is coupled with an increase in volume, this could indicate that the positive trend is strengthening (second case). Traders are becoming more interested in the price move, so they buy.  However, once all of the traders who are willing to enter the market long do so, we're in the first case. Investors realize that all of the traders who were interested in buying have bought, so they become bearish because they expect selling to start soon.


Is this money taxable in US?  From what you described you're likely to have been a US tax resident. As such, you're taxed on your worldwide income. Foreign tax deferral schemes are not considered qualified under the US law (unless a treaty says otherwise), so you're liable for taxes on them now. Get a new tax adviser.


If you don't itemize your deductions, your state tax refund is not considered income to you. Even if you didn't receive the actual 1099-G, you know how much refund you got, so you can calculate if you need to add it back to your income this year using the worksheet on page 23 of the instructions.


"I'm not trying to suggest otherwise or argue that financial institutions have access to different types of services not normally offered to Joe the Plumber.  My argument is that if these Wall St. types are *soooo* bad, then why are people still giving them their money?  The answer is because people want that ""Baby Boomer"" -esque type of retirement where they don't have to actually do any work at building their retirement... just give a cut of their paycheck to these men who turn it into more money.    I can turn money into more money.  I've taken some of my money, invested in tools, and used those tools (and some of my time and sweat) to make more money.  That didn't require an *evil evil* Wall St. man."


I would think there would be heavy overlap between companies that do well and market cap. You're not going to get to largest market cap without being well managed, or at least in the top percentile. After all, in a normal distribution, the badly managed firms go out of business or never get large.


All the fees are added to the amount you actually spend, but they only occur when you do these kind of transactions. They do not happen for any other reason. If you transfer a balance from another credit card this fee is added to your balance. Since this is your first credit card you don't have to transfer any balance. This site says that this is a special type of check, linked to your credit card account, not to your checking account. If you write this type of check to a merchant the additional fees will apply. If you use your credit card at an ATM this fee will be applied on top of the money you withdraw. Usually it is a percentage of the amount you withdraw. According to this site, a cash equivalent is something like casino chips which can be easily converted back into money without any loss.  If you use your credit card in a different currency, for example Euro but your credit cards currency is Dollar. Usually a percentage of the amount (~3-5%). If you withdraw money from a foreign currency ATM they add usually a fixed amount plus a percentage or any combination of this.


I'm an engineer winding down to an early retirement thanks to saving and managing money well.  >why you feel differently?  Because unions negotiate to keep raises coming even when the economy craps out. Public employee unions are the worst. Full benefits after retirement, etc., and double dipping. Unions have worn out their usefulness except to exploit capital (or taxpayers). The Boeing case is a pathetic example of the NLRB killing American business.  The EEOC is generally a group of whack jobs. Look up EEOC and Jehovah's Witnesses. Their are so many cases where they side with the Jehovah's because they can't work on Saturdays. One case that comes to mind is 5 roommates working at a golf course and after they joined, they said they couldn't work Saturday's (when everyone is playing golf and they need to be there). The EEOC gets abusive more than it helps.


as long as US bonds will keep their status of a safe haven and the dollar will continue to be the world reserve currency the bond rates will stay low. hell, after S&P downgraded the US credit rating, the bond yields actually dropped, indicating an influx on money.   the shock will come. sooner or more probably later.. it won't be the end of the world, just another nasty downturn.


"The end result is basically the same, it's just a choice of whether you want to base the final amount you receive on your salary, or on the stock market. You pay in a set proportion of your salary, and receive a set proportion of your salary in return. The pension (both contributions and benefit) are based on your career earnings. You get x% of your salary every year from retirement until death. These are just a private investment, basically: you pay a set amount in, and whatever is there is what you get at the end. Normally you would buy an annuity with the final sum, which pays you a set amount per year from retirement until death, as with the above. The amount you receive depends on how much you pay in, and the performance of the investment. If the stock market does well, you'll get more. If it does badly, you could actually end up with less. In general (in as much as anything relating to the stock market and investment can be generalised), a Defined Benefit plan is usually considered better for ""security"" - or at least, public sector ones, and a majority of people in my experience would prefer one, but it entirely depends on your personal attitude to risk. I'm on a defined benefit plan and like the fact that I basically get a benefit based on a proportion of my salary and that the amount is guaranteed, no matter what happens to the stock market in the meantime. I pay in 9% of my salary get 2% of my salary as pension, for each year I pay into the pension: no questions, no if's or buts, no performance indicators. Others prefer a defined contribution scheme because they know that it is based on the amount they pay in, not the amount they earn (although to an extent it is still based on earnings, as that's what defines how much you pay in), and because it has the potential to grow significantly based on the stock market. Unfortunately, nobody can give you a ""which is best"" answer - if I knew how pension funds were going to perform over the next 10-50 years, I wouldn't be on StackExchange, I'd be out there making a (rather large) fortune on the stock market."


9 Capital in The Twenty First Century by Thomas Piketty   8 The Art of Strategy by Dixitt and Nalebuff   7 Against the God's by Peter Bernstein   6 The Black Swan by Nassim Nicholas Taleb   5 The Intelligent Investor by Benjamin Graham   4 Money: Master the Game by Tony Robbins   3 Thinking Fast and Slow by Daniel Kahneman   2 The Personal MBA by Josh Kaufman   1 The Power of Habit by Charles Duhigg    ... Kind of meh choices really.


Essentially imported goods from the country (in this case the US) that is improving against your local currency will become more expensive. For the most part, that is the only practical effect on you on an individual financial level.


Cristina from Avangate :)   Well, most of your shoppers will not even know that you outsource online purchase activity to a payment provider, unless the solution you select, is not capable to integrate with the look and feel on your business.   If talking about Avangate, I can share some insights that our clients buyers usually appreciate: 1. Geographical Location - translated payment pages based on IP that present also the price in local currency and allow them to pay with a local payment method, if available (ex. Brazil - credit card with instalments - Portuguese); 2. Financial Support - specific area, called myAccount, where shoppers can track relevant info about how to renew/upgrade or get in contact with the merchant;  3. Taxes and VAT management - if you are targeting both B2C and B2B customers, the possibility of getting an invoice that can be presented for accounting/bookkeeping is very important.  Should you be interested in having a more detailed discussion, make sure to get in touch with me - I'll be happy to chat :)  cristina.rotari@avangate.com


"Primerica's primary value proposition is that switching from whole or universal life to term life, and investing the difference is a good idea for most people. However, there are a number of other important factors to consider when purchasing life insurance, and I would also be wary of anyone claiming that one product will be the ""best"" for you under all circumstances. Best Insurance? Without getting into a much larger discussion on how to pick insurance companies or products, here are a few things that concern me about Primerica: They have a ""captive"" sales force, meaning their agents sell only Primerica products. This means that they are not shopping around for the best deal for you. Given how much prices on term life have changed in recent years, I would highly recommend taking the time to get alternate quotes online or from an independent broker who will shop around for you. Their staff are primarily part-time employees. I am not saying they are incompetent or don't care, just that you are more likely to be working with someone for whom insurance is not their primary line of work. If you have substantial reason to believe that you may someday need whole life, their products may not suit you well. Primerica does not offer whole life as far as I am aware, which also means that you cannot convert your term life policy through them to whole life should you need to do so. For example, if you experience an accident, are disabled, or have a significant change in your health status in the future and do not have access to a group life policy, you may be unable to renew your individual policy. Above Average Returns? I am also highly skeptical about this claim. The only possible context in which I could find this valid would be if they mean that your returns on average will be better if you invest in the stock market directly as compared to the returns you would get from the ""cash value"" portion of a life insurance product such as universal life, as those types of products generally have very high fees. Can you clarify if this is the claim that was made, or if they are promising returns above those of the general stock market? If it is the latter, run! Only a handful of superstar investors (think Warren Buffet, Peter Lynch, and Bill Gross) have ever consistently outperformed the stock market as a whole, and typically only for a limited period of time. In either case, I would have the same concerns here as stated in reasons #1 and #2 above. Even more so than with insurance, if you need investment advice, I'd recommend working with someone who is fully dedicated to that type of work, such as a fee-only financial planner (http://www.napfa.org/ is a good place to find one). Once you know how you want to invest, I would again recommend shopping around for a reputable but inexpensive broker and compare their fees with Primerica's. Kudos on having a healthy level of skepticism and listening to your gut. Also, remember that if you are not interested in their offer, you don't have to prove them wrong - you can simply say ""no thank you."" Best of luck!"


"I seriously didn't. Scout's honor. You are reading into what I wrote. I was really surprised, not ""blowing a gasket."" If I got pissed every time I got referred to as ""he,"" I would have had a billion heart attacks by now.  ""I had this experience in b-school"" ""That's everywhere, not just in b-school"" <-- not a rebuttal, an addition  Pretty sure this is about perspective. See, I wasn't really replying to you, I was writing in relation to what you said for the benefit of everybody else reading… just like I argue in the other comments, not for me (cuz I don't really care what strangers on the internet think about me) but for the silent lurkers who otherwise would see that crap go uncontested.  If you assume a reply is definitely just for you, I can see why you'd think I was railing on you. But I wasn't, and I'm sorry it seemed that way."


I had a debt collector call on a bill that was sent to collections because of a clerical error.  Instead of negotiating with the debt collector, I called the company that originally owned the debt. They allowed me to pay my bill without any late fees 6 months later, and they gave me a receipt to furnish to the debt collectors. I'm sure the debt collectors got a refund for the purchase of my debt. If your desire is to pay the debt, then you could still call the owner of the debt and see it they wish to work with you to get the debt paid.  Any contact with the original creditor will affect your legal rights with respect to collection and statutes of limitation, so you should be sure you want to pay the debt back in full before you take such a step.


#####&#009;  ######&#009;  ####&#009;  [**Stagflation**](https://en.wikipedia.org/wiki/Stagflation): [](#sfw)   ---  >  >__Stagflation__, a [portmanteau](https://en.wikipedia.org/wiki/Portmanteau) of *[stagnation](https://en.wikipedia.org/wiki/Economic_stagnation)* and *[inflation](https://en.wikipedia.org/wiki/Inflation)*, is a term used in [economics](https://en.wikipedia.org/wiki/Economics) to describe a situation where the [inflation rate](https://en.wikipedia.org/wiki/Inflation_rate) is high, the economic growth rate slows down, and unemployment remains steadily high. It raises a dilemma for [economic policy](https://en.wikipedia.org/wiki/Economic_policy) since actions designed to lower inflation may exacerbate unemployment, and vice versa.  >The term is generally attributed to a British politician who became chancellor of the exchequer in 1970, [Iain Macleod](https://en.wikipedia.org/wiki/Iain_Macleod), who coined the phrase in his speech to [Parliament](https://en.wikipedia.org/wiki/Parliament_of_the_United_Kingdom) in 1965.       >Keynes didn't use the term, but some of his work refers to the conditions most would recognise as stagflation. In the version of [Keynesian macroeconomic theory](https://en.wikipedia.org/wiki/Keynesian_economics) which was dominant between the end of WWII and the late-1970s, inflation and recession were regarded as mutually exclusive, the relationship between the two being described by the [Phillips curve](https://en.wikipedia.org/wiki/Phillips_curve). Stagflation is very costly and difficult to eradicate once it starts, in human terms as well as in budget deficits.  >In the political arena, one measure of stagflation, termed the [Misery Index](https://en.wikipedia.org/wiki/Misery_index_(economics\)) (derived by the simple addition of the inflation rate to the unemployment rate), was used to swing presidential elections in the United States in 1976 and 1980.  >   >====  >[**Image**](https://i.imgur.com/NrpgJvM.png) [^(i)](https://commons.wikimedia.org/wiki/File:Gdpercapita.PNG)  ---  ^Interesting: [^Periods ^of ^stagflation ^in ^Pakistan](https://en.wikipedia.org/wiki/Periods_of_stagflation_in_Pakistan) ^| [^History ^of ^the ^United ^States ^\(1964–80)](https://en.wikipedia.org/wiki/History_of_the_United_States_\(1964%E2%80%9380\)) ^| [^1973–75 ^recession](https://en.wikipedia.org/wiki/1973%E2%80%9375_recession) ^| [^Milton ^Friedman](https://en.wikipedia.org/wiki/Milton_Friedman)   ^Parent ^commenter ^can [^toggle ^NSFW](http://www.np.reddit.com/message/compose?to=autowikibot&subject=AutoWikibot NSFW toggle&message=%2Btoggle-nsfw+cjkxhkj) ^or[](#or) [^delete](http://www.np.reddit.com/message/compose?to=autowikibot&subject=AutoWikibot Deletion&message=%2Bdelete+cjkxhkj)^. ^Will ^also ^delete ^on ^comment ^score ^of ^-1 ^or ^less. ^| [^(FAQs)](http://www.np.reddit.com/r/autowikibot/wiki/index) ^| [^Mods](http://www.np.reddit.com/r/autowikibot/comments/1x013o/for_moderators_switches_commands_and_css/) ^| [^Magic ^Words](http://www.np.reddit.com/r/autowikibot/comments/1ux484/ask_wikibot/)


Education is crucial as I believe strongly that every child should have as an equal a chance as the next.   Food and social housing is necessary but also getting something for nothing has created a subculture in the UK where there is no desire to earn a living simply because they have it pretty good without. Community service I feel should be mandatory for people on welfare.  As for healthcare I also believe this should be free. However, in the US the cost of healthcare is monstrous and more needs to be done tackle this before it can realistically offered in a meaningful way.  However, the rest of government should be kept to a minimum. Military spending cut, taxes streamlined to reduce the complications of collecting it, more relaxed laws (such as legalising drugs) to make society easier to police, lobbying outlawed, campaign funding banned, massive reduction of number in government, etc.


Your question is a bit odd in that you are mixing long-term fundamental analysis signals which are generally meant to work on longer time frames with medium term trading where these fundamental signals are mostly irrelevant.  Generally you would buy-and-hold on a fundamental signal and ride the short-term fluctuations if you believe you have done good analysis. If you would like to trade on the 2-6 month time scale you would need a signal that works on that sort of time scale.  Some people believe that technical analysis can give you those kind of signals, but there are many, many, many different technical signals and how you would trade using them is highly dependent on which one you believe works. Some people do mix fundamental and technical signals, but that can be very complicated.  Learning a good amount about technical analysis could get you started.  I will note, though, that studies of non-professionals continuously show that the more frequently people trade the more on they underperform on average in the long term when compared with people that buy-and-hold. An aside on technical analysis: michael's comment is generally correct though not well explained.  Say Bob found a technical signal that works and he believes that a stock that costs $10 dollars should be $11.  He buys it and makes money two months later when the rest of the market figures out the right price is $11 and he sells at that price.  This works a bunch of times and he now publishes how the signal works on Stack Exchange to show everyone how awesome he is.  Next time, Bob's signal finds a different stock at $10 that should be $11, but Anna just wrote a computer program that checks that signal Bob published faster than he ever could.  The computer program buys as much as it can in milliseconds until the price is $11.  Bob goes to buy, but now it is too late the price is already $11 and he can't make any money. Eventually, people learn to anticipate/adjust for this signal and even Anna's algorithms don't even work anymore and the hunt for new signals starts again.


I don't think there's any law against having lots of bank accounts. But what are you really gaining? Every new account is a paperwork hassle. Every new account is another target for con men who might steal your information and write bad checks or make phony credit card purchases in your name. Yes, it's not unreasonable to have a credit card or two that you keep for emergencies. I'd advise anyone with running up debts while having no idea how you will pay them off. But to say that you might keep some credit available so that if you have a legitimate emergency -- like, say, your car breaks down and you don't have the cash to fix it and you can't get to work without it -- you have some a fallback. But do you really need ten credit cards for that sort of thing? And how much credit are they giving you on each card? I don't know how the banks work this, but I'd think if they're rational, they'd consider your total credit before giving you more.  I have three credit cards that I use regularly -- two personal and one business. And I find that a real pain to keep track of, to make sure that I keep each one paid by the due date and to keep a handle on how much I owe and so forth. I can't imagine trying to deal with ten. I suppose you could just stuff all these cards in a drawer and only use them in case of emergency.


"I'm still recommending that you go to a professional. However, I'm going to talk about what you should probably expect the professional to be telling you. These are generalities. It sounds like you're going to keep working for a while. (If nothing else, it'll stave off boredom.) If that's the case, and you don't touch that $1.4 million otherwise, you're pretty much set for retirement and never need to save another penny, and you can afford to treat your girl to a nice dinner on the rest of your income.  If you're going to buy expensive things, though - like California real estate and boats and fancy cars and college educations and small businesses - you can dip into that money but things will get trickier. If not, then it's a question of ""how do I structure my savings?"". A typical structure: Anywho. If you can research general principles in advance, you'll be better prepared."


If he can't manage, best is he sells it off. Its easier to manage cash. Not sure what tax you are talking about. He should have already paid tax on fair market value of the 20 flats. If the intention of Mr X is to gift to son by way of death, then yes the tax will be less. Else whenever Mr X sells there will be tax.  how to manage these 20 apartments? Hire a broker. He may front run quite a few things like showing the place etc. There is a risk if he is given a free hand, he may not get good quality tenant. There are quite a few shark brokers [its unregulated] who may arm twist seeing the opportunity of an old man with 20 flats. See if you can do long term lease with companies looking for guest house etc, or certain companies who run guest house. They would like the scale, generally 3-5 years contracts are done. The rent is good and overall less hassle. The risk is most would ask to invest more in furnishing and contracts can be terminated in months notice. If the property is in large metro [Delhi/Bangalore/Chennai/etc] These places have good property management companies. Ensure that you have independent lawyer; there are certain aspects of law that may need to be studied.


I have my own top 10 list, coming straight from the management of Semco.  1 - Values   I write a lot on this blog about the importance of values, and I feel there is no exception here.  Ricardo fundamentally believes in human equality and the importance of each individual, otherwise there is no way he could commit to such a mission.  These values originated from him, but they've now permeated throughout the organization and every individual believes in them.  2 - Consistency  This is an extension of values, because when your values are solid and clear, your behaviors and actions will flow from that.  There are no contradictory policies that would confuse employees.  Everyone is equal and all aspects of the organization from salary, profit sharing, job titles, power, working hours, leadership, and vacations reflect that.  3 - Peer Pressure  There is nothing more effective for keeping order than peer pressure.  All the rules in the world can’t replace the power of your friends and colleagues holding you accountable.  It’s much more meaningful than a top down approach.  The pressure is real, it has teeth since peers can come together and fire employees that aren’t doing their job.  4 - Profit Sharing  Touchy feely open management is nothing without something real to back it up, and 23% pre-tax profit sharing is as real as it gets.  Everyone is motivated because they know they will get rewarded for their hard work, and it also ensures that peer pressure is working well.  They also get creative with this, giving employees the option of deferring 25% of their salary until the end of the year, at which time they might get a bonus resulting in a 150% of their original salary depending on the business unit’s performance.  5 - Empowerment  Giving people freedom and responsibility without the tools to get things done is a recipe for disaster.  All opinions are heard and there is value in the work of every employee.Nobody has an excuse for why they can’t get things done.  6 - Small Business Units  Each business unit is small enough so that everyone involved understands everything that is going on and the outcomes.No way people can self organize if a unit is hundreds of people large.The magic number for the maximum effective size for a group is 150 and Semco will not allow a business unit to go beyond that.  7 - Total Transparency  Semco goes to great lengths to ensure everyone knows how their financials are, even to the extent of displaying them in an easy to understand cartoon. There are no secrets, and this demonstrates trust and respect.  8 - No Symbols of Inequality  There are no offices with huge windows, reserved parking spaces or other symbols that clearly show differences between employees.Everyone plays by the same rules, and everyone feels valued.  9 - Purpose  Purpose is the cheapest way to align an organization.  When everybody feels their works is valuable, they know why they are doing it and take pride in it, things naturally align themselves. Everyone feels like they are part of something important.  10 - Long Term Thinking/Private Company  Can you change corporate culture in a few days, months, even years?Likely not, particularly if it is deeply ingrained.  Also, how quickly do managers resort to short term solutions such as layoffs, budget cuts or other forms of control to try and reduce expenses the moment things go badly? Even under deep pressure, the company must stay the course and believe in the value of the open system.  You can bend but you can’t break and revert to old school management. With private companies this is probably a lot easier than with public companies that are measured on quarterly performance.  full post here: http://orgeffectiveness.ca/post/33166914205/the-most-radical-workplace-in-the-world-and-10-reasons