100 Matching Annotations
  1. Jun 2021
    1. Mike: Because this is the reason that I moved, my dad was telling me that rent was one thing, but he was just telling the landlord that he knew to charge me extra. He was telling me it was 3,500, but the landlord was keeping 2,500 and giving him 1,000 of it. And I had found out, because the own landlord lady told me, and I had to move and I had to lose my job.

      Return to Mexico, Challenges, Economic well being

    2. Mike: Sometimes you'd go to school, sometimes you wouldn't. It just depended on if you had money or if there was food on the table. But I got used to it. There's just only so much crying you could do basically until you're like, "You know what? You just got to have that solid heart so nothing can hurt you."

      Time in the US, Family, Jobs

  2. May 2021
  3. Apr 2021
  4. Mar 2021
    1. The urgent argument for turning any company into a software company is the growing availability of data, both inside and outside the enterprise. Specifically, the implications of so-called “big data”—the aggregation and analysis of massive data sets, especially mobile

      Every company is described by a set of data, financial and other operational metrics, next to message exchange and paper documents. What else we find that contributes to the simulacrum of an economic narrative will undeniably be constrained by the constitutive forces of its source data.

  5. Feb 2021
    1. And essentially, we became what’s called a rent-seeking economy, not a productive economy. So, when people in Washington talk about American capitalism versus Chinese socialism this is confusing the issue. What kind of capitalism are we talking about?

      What kind of capitalism are we talking about?

      We are starting to see critical thinking and discussion around "hard" but necessary truths. These truths center around complicated concepts, controlled by politicians, MSM and others who would rather not have this discussion. America's general population seems lost, gorging on the dumb-down need to know culture (those that have and can dictate what the rest need to know) and group think, herd mentality.

    1. Considering Canonical has pulled resources from this project, the path for continued third-party development of Unity will not be easy. It is my hope that they are successful and can become another shining example of the power of forking, like the MATE project.
  6. Jan 2021
  7. Dec 2020
  8. Oct 2020
  9. www.brooklyn.cuny.edu www.brooklyn.cuny.edu
    1. Student Emergency Assistance Fund

      Important information for students

    1. As Matt Taibbi observed way back in 2009 in the midst of the previous bailout, “By creating an urgent crisis that can only be solved by those fluent in a language too complex for ordinary people to understand, the Wall Street crowd has turned the vast majority of Americans into non-participants in their own political future. There is a reason it used to be a crime in the Confederate states to teach a slave to read: Literacy is power. In the age of CDS [credit-default swap] and CDO [collateralized-debt obligation], most of us are financial illiterates. By making an already too-complex economy even more complex, Wall Street has used the [2008] crisis to effect a historic, revolutionary change in our political system – transforming a democracy into a two-tiered state, one with plugged-in financial bureaucrats above and clueless customers below.” [10]

      Great quote.

  10. Sep 2020
    1. Hanna Rosin of The Atlantic argues that prosperity theology contributed to the housing bubble that caused the late-2000s financial crisis. She maintains that prosperity churches heavily emphasized home ownership based on reliance on divine financial intervention that led to unwise choices based on actual financial ability.[36]

      This is a fascinating theory. I wonder how well it plays out for evidence?

  11. Aug 2020
  12. Jul 2020
  13. Jun 2020
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  14. May 2020
  15. Apr 2020
  16. Feb 2020
    1. which they estimate to be $230,000 per year.

      There is some good discussion on HN about the realistic nature of this estimated expense and how it is not likely out-of-line with what it should be and may actually be quite reasonable.

      https://news.ycombinator.com/item?id=22317244

  17. Dec 2019
    1. More volatile underlying assets will translate to higher options premiums, because with volatility there is a greater probability that the options will end up in-the-money at expiration.

      That's interesting

    1. The option is European and can only be exercised at expiration.No dividends are paid out during the life of the option.Markets are efficient (i.e., market movements cannot be predicted).There are no transaction costs in buying the option.The risk-free rate and volatility of the underlying are known and constant.The returns on the underlying are normally distributed.

      Some of the assumptions underlying the Black-Scholes model. Do these limit its realism and predictive power?

  18. Sep 2019
  19. Jun 2019
    1. To keep recession away, the Federal Reserve lowered the Federal funds rate 11 times - from 6.5% in May 2000 to 1.75% in December 2001 - creating a flood of liquidity in the economy. Cheap money, once out of the bottle, always looks to be taken for a ride. It found easy prey in restless bankers—and even more restless borrowers who had no income, no job and no assets. These subprime borrowers wanted to realize their life's dream of acquiring a home. For them, holding the hands of a willing banker was a new ray of hope. More home loans, more home buyers, more appreciation in home prices. It wasn't long before things started to move just as the cheap money wanted them to.
  20. Apr 2019
  21. Nov 2018
    1. Medical groups, managed care organizations, or, most commonly, hospitals often find it attractive to support hospitalist programs. If hospitalists improve quality, shorten lengths of stay, and decrease costs while satisfying patients and other providers, the return on these organizations' investments in hospitalist programs is highly favorable. Over time, it will be critical that professional fee reimbursement rates be adjusted so that a sustainable hospitalist workload creates sufficient income to support a full salary.
  22. Aug 2017
    1. To conclude, the possibility of receiving a loan increases based on our experience. In some cases, we have even seen a drop in the interest rate. This results in more people receiving access to credit with a better interest rate thanks to increase of scoring model accuracy. We believe that designing systems from the start in discrimination-conscious way will reduce the risk of machine-learning algorithms introducing unintentional bias much like humans do. This should avoid the moral problem of discrimination. In addition, requiring drivers to pass an eye test discriminates against the blind, but eyesight is quite essential to safely drive a car. As the last exclusion is justified then loaning to people who are not creditworthy should be an acceptable exclusion as well.
    2. big data scoring credit score financial inclusion