I wonder if there was no reaction because China does not really care about US planes and the zone was only meant for Japanese even though they state all non-commercial flights regardless of nationality. Regardless, if things were reversed and China flew unarmed planes through an American no-fly zone, I'm sure the media will make a big deal out of it....described the mission as “uneventful,” saying that there was “no contact, no reaction from China.”
There was an interesting article in GQ about fasting (only water is allowed). http://www.gq.com/life/fitness/201311/six-day-water-fast-die...
Then would corporations have to pay a higher tax on the land they own as well? If so, costs of goods would increase, if not, what's to stop a person from starting their own corporation and using their firm to buy the land their house is on. Furthermore, I believe it will just shift portfolio distributions. One would prefer to own shares of firms that require little real estate to operate like internet firms. Credit card and internet banking business come to mind as they are able to reach millions of customers without requiring lots of real estate. Manufacturing would get punished and I would foresee lots of middle class workers who work in manufacturing/industrial type jobs to get laid off.
As someone who almost went into urban planning for college, this is of great interest to me and I'll definitely be following your blog. Would love to read more ideas about solving the traffic issues plaguing big urban cities.
On exchanges, the quality would be specified in trading though.
If you exclusively consume media and write emails, then tablets are quite suitable. They take up little to no space and are easy to carry around (one could argue laptops are portable as well, but compared to tablets, I find the difference to be quite big and I use a Lenovo X1). I was looking at getting a surface pro as it met the amount of computing power I needed on a daily basis. And the fact that it has full desktop functionality is very attractive if I needed to use office applications.
MC Escher
Like BrainBurner, I was quite young as well when I was first exposed to porn and I believe it really has made quite an impact on me. I can remember exactly the first pornographic picture I was exposed to (a picture of pornstar Sky Lopez squatting wearing nothing but a pair of clear stripper heels). I feel that picture has shaped how my definition of sex and sexuality. I will ask my girlfriend to wear a pair of heels whenever we do anything sexual. I love to buy her heels and we always "break them in" by having her wear them while giving me oral. I also find porn itself as sex if that makes any sense as I will be taking pictures or videos everytime we're doing anything sexual. I have an encrypted hard drive full of pictures and videos of her.
That probably explains it. I prefer simple food and don't enjoy intense bursts of flavor. But still, isn't the context of the sentence suppose to mean that those foods are more enjoyable because the higher levels of glutamate that make it more flavorful?
There must be something wrong with my tongue. I don't particularly find any of those appetizing and actually don't eat many of those listed.Almost all foods have some naturally occurring glutamate in them but the ones with most are obvious: ripe tomatoes, cured meats, dried mushrooms, soy sauce, Bovril and of course Worcester sauce,
I'll recommend Audiofly AF33. http://www.audiofly.com/headphones.html I personally have the AF56 and AF78 and they're fantastic.
They do provide both numbers so it's not like they're trying to cover anything up. Using the core cpi just helps provide a smoother indication as illustrated in the third graph in the link, http://www.stlouisfed.org/publications/itv/articles/?id=2086 What's important is that whoever uses it understands the methodology.
Interesting. I assume the results were simple averages? I wonder what the results would look like if the 10,000 were weighted by the number of films they have been in.
Have you ever lived in the suburbs though? You have so much more space for everything, hobbies and it makes things easier especially if you have a family. Having a car is a must though, but many people like driving anyways.
It's a good strategy though.“Males reciprocate friendship requests from females faster than vice versa and hesitate to reciprocate hostile actions of females,” say Szell and Thurner.
A more serious problem could be the well known phenomenon that women tend to receive better treatment in male-dominated online gaming communities.
Its only annoying they think they know everything about the subject. Those who are willing to learn more when they engage in debates with others, and question what they have heard are fine though.
I think I have a rather unique experience compared to other people as she is the only girlfriend I ever had and I am the only boyfriend she has ever had. We have been together for almost 7 years, and we know we will get married in the next couple years. I knew she was the one from the very beginning, as in literally, so you could call it love at first sight. To get to your question, love is like completion. We can tell each other everything and I mean absolutely everything. There is also absolute trust. So for example, access to each others bank accounts, credit cards, etc. because we know each others character so well that we know the other has such high moral standards. There's a lot more but I'll keep it short and sweet for you.
This reminds me of this article about constructed languages. http://www.newyorker.com/reporting/2012/12/24/121224fa_fact_......an idealized language whose aim is the highest possible degree of logic, efficiency, detail, and accuracy in cognitive expression via spoken human language, while minimizing the ambiguity, vagueness, illogic, redundancy, polysemy (multiple meanings) and overall arbitrariness that is seemingly ubiquitous in natural human language.”
Wray describes money in a country as a pyramid. In "Modern Money Theory", Wray, pg 85. So from that alone, MMT does support the role of money issued by non-government entities. To see why, he continues on pg 86 with:Private financial liabilities are not only denominated in the government's money of account, but they also are, ultimately, convertible into the government's currency.
We can think of a pyramid of liabilities, with different layers according to the degree of separation from the central bank...The shape of the pyramid is instructive for two reasons. First, there is a hierarchical arrangement whereby liabilities issued by those higher in the pyramid are generally more acceptable...Second, the liabilities at each level typically leverage the liabilities at the higher levels.
From "Modern Money Theory" by Wray, pg 85: pg 86: So basically, other institutions can issue their form of money, but it all leads back to the government/central bank. He then goes on to talk about the different layers of the pyramid like nonbank IOUs, Bank IOUs, then says:Private financial liabilities are not only denominated in the government's money of account, but they also are, ultimately, convertible into the government's currency.
We can think of a pyramid of liabilities, with different layers according to the degrees of separation from the central bank.
Finally, the government is highest in the pyramid - with no liabilities higher than its inconvertible IOUs.
The shape of the pyramid is instructive for two reasons. First, there is a hierarchical arrangement whereby liabilities issued by those higher in the pyramid are generally more acceptable...Second, the liabilities at each level typically leverage the liabilities at the higher levels.
Great to see someone spreading the MMT theory. I find it too difficult to convince people since they're usually too grounded in the economics learned in school and it seems to require an overhaul in thinking to understand MMT.
Did you come up with that yourself or did you study MMT?
Thanks for taking the time to write up that explanation. In your original post, were you saying that we should incorporate these ideas into our (America's) current system or are you suggesting we replace them with these non-market economic systems?
That's sad to hear. I too am a firm believer in capitalism. While there are flaws, its the best we have so far. You mention a lot about commodities and link capitalism with the desire of consumer products. I agree that people do "worship" material goods but reject the idea that this defines capitalism. Instead, capitalism has given us choice and freedom. Technology gives us time which we can utilize as we wish. R&D in areas such as medicine and health help save and improve lives. Consumer goods such as automatic shower cleaners and toilet cleaners help us live cleaner/hygienic lives. I believe a class trip will open their eyes to how lucky they are to be living in America (I'm assuming America - and yes, I am just joking about the trip, I know students probably don't want to fork out thousands of dollars to travel)....I always ended up being the devil's advocate for capitalism
Could you expand on that? I'm genuinely curious. I would argue that America is showing great innovation and increases in their standard of living (note that I am not American, so this is not an America is the greatest country etc. etc. opinion). Microsoft, a behemoth in the early days of computing is now competing heavily with Apple & Google. Apple which took away the smart phone market from RIM is now under intense competition with phones using Android. Everyone is forced to innovate and create a better user experience as a result (see Microsoft's revamped lineup: skydrive, outlook, w8, wp8, etc.). Outside of tech, things continually help make living easier and more comfortable. For example, those automatic shower cleaners and disposable toilet cleaning brushes make it quick and easy to clean your bathroom (especially useful for those uncomfortable getting close to toilets to clean them). Oligopolies can be beneficial and I would say their presence does not necessarily mean a failure of capitalism. For example, accounting firms that audit multi national corporations essentially need to be an oligopoly. Oligopolies can also have the resources to innovate in a way small companies can't.There are more optimal ways to run our economies than unchecked markets.
reality teaches us that capitalism has led to oligopoly situations in essentially every imaginable market.
The intention of a bank (retail/traditional banking) is to act as a intermediary between savers and lenders. Without this intermediary, there are enormous search costs and default risk. The bank is suppose lower search costs and to do due diligence to ensure only loans are made out to credit worthy borrowers. They are providing a service and should be paid accordingly. This is what traditional/retail banking is. Hopefully that didn't come across as attacking your post, but the 07-08 financial crisis had a lot to do with the non-retail banking sector acting like the retail banking sector without the regulation and capital requirements. Mortgages use to originate from retail banks to the customers, but investment banks began packaging mortgages together and this allowed rates to be reduced (good innovation that helps in home ownership). However, with mortgages being quickly shipped to the next party, (retail) banks became increasing lax (as they would not be holding onto it). Long story short, these products were treated as very safe securities and used as collateral in the overnight market. Lots of incentive issues, regulation, and other problems led to the financial crisis. The retail banking model is however very standard and I don't think there is any issue with it (although you could make points about being ripped off in fees, etc., I am just referring to the basic framework of retail banking).Since banks are such important entities, I feel like we cannot leave it in the hands of corperations, so how about non-profit banks?
One of the "products" these banks could offer is being a sorts of broker between parties to let them get to a lending contract. As compensation, the bank would recieve a certain percentage of the intrest paid.
That is the central bank, they conduct monetary policy much like the fed.
Brings back lots memories of when I had to ride the greyhound. Absolutely agree with all the "rules" mentioned in the article.
To be fair, it is like this in the west as well...Modern day mainland Chinese society is focused on one object: money and the acquisition thereof. ...Traditional family culture, thanks to 60 years of self-serving socialism followed by another 30 of the “one child policy,” has become a “me” culture. ... Social status, so important in Chinese culture and more so thanks to those 60 years of communism, is defined by the display of wealth. Cars, apartments, personal jewellery, clothing, pets: all must be new and shiny, and carry a famous foreign brand name. In the small rural village where we live I am not asked about my health or that of my family, I am asked how much money our small business is making, how much our car cost, our dog.