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Well Sony should then be sued for the maximum statutory damages, $150,000 per instance. Media reports say that the movie has been viewed (legally) on YouTube more than 77.5 million times. So, Sony should be liable for $11,625,000,000,000. That's over $11 trillion, just for the YouTube views alone.
Edited to add citation for the number of views on YouTube. And gold...thanks!
Edited to also add that in Sony BMG Music Entertainment et al. v Tenenbaum, the recording industry sued over 30 songs and sought the maximum statutory damages because they asserted that the copyright infringement was willful and wanted the $4.5 million maximum. The jury didn't award the maximum--they got $675,000 but still higher than the statutory minimum of $22,500 and likely still much higher than actual damages.
Edited yet again to add that while my post was mostly made in jest, there are a lot of replies asserting that the movie is a single infringement and each showing are not separate infringements. /u/dbbo pointed out that in the Lime Wire case (Arista Records LLC v. Lime Group LLC), the plaintiff did indeed try to argue that each download was a separate infringement and initially asked for a total of $72 trillion in damages.
Still better than some cancer charities. The following list collectively spent less than 3% of the donated funds on cancer patients, according to the complaint. All 50 states and D.C. joined the Federal Trade Commission in filing the charge — one of the largest charity fraud cases to date, according to the FTC.
- Cancer Fund of America
- The Breast Cancer Society
- Cancer Support Services Inc
- Children's Cancer Fund of America
Employers will try to get away with putting employees on "1099", meaning instead of withholding taxes, paying FICA, unemployment insurance, etc. they just issue them a check and let the employee be responsible for all the taxes themselves as if they're an "independent contractor".
The Department of Labor and IRS look down harshly, because there are very specific rules when it comes to classifying one truly as an independent contractor and reporting their income on a 1099 versus a full-blown employee who receives a W2 at the end of the year.
For example, if you work a fixed shift (dictated by the employer), OR if you use company equipment rather than your own, OR if you work at the employer facility you're generally going to be seen as a W2 "employee" and not an independent contractor.
So...employers who incorrectly try to go this route end up not filing W3 employee wage reports, Federal form 940 withholding taxes, etc. and get FUCKED BIG TIME BY THE IRS with not only the back taxes but also the interest and huge penalties/fines.
NOT FUCK AROUND WITH EMPLOYEE TAX WITHHOLDING. All it takes is 1 disgruntled employee (or former employee) to report you and you can go belly up as a business owner with the IRS climbing right up your ass, as evidenced by this salon incident. I've seen it happen more than once - they do not play.
EDIT: I've posted this link elsewhere in this thread, but here's a good place to get started.
http://www.marketwatch.com/story/what-to-do-if-your-1099-should-have-been-a-w-2-2015-03-04
You can file a form SS-8 to get your 1099 earnings reclassified as W2 earnings, and file amended tax returns for TY 2012, 2013, and 2014 to get your money back. Hurry up on TY2012, because I believe the window closes on April 15th of this year to file that amended return. Contact a tax professional for help on all this!
Papa John's grossed $454 million in 2011. After SG&A expenses which includes executive pay and "Other Operating Expenses" it's net income after taxes was $55 million.
Really can't afford to make your employee's lives a little better now can you Papa? He should really ask himself why he's paying 6 executives a total of $8.2 million a year instead of worrying about cutting the hours of his little serfs. Greed is really disheartening to me :(
Oh man, I'm not looking forward to the USD to CAD rate on ~~Monday~~ err, Tuesday. Not at all.
Edit: #USDtoSAD
Edit edit: Probably won't be much forex trading tomorrow - http://www.marketwatch.com/story/what-markets-are-open-on-mlk-day-2015-01-16 - TIL.
Netflix Revenue 4.37 Billion (2013)
CBS Revenue - 15.2 Billion (2013)
This whole "worth more" argument is based on irrational investment and super inflated stock prices. Investors are pumping up its value based on future promise. It is meaningless.
Read this article. http://www.marketwatch.com/story/a-possible-netflix-horror-story-in-4-charts-2015-04-16
The rule is that you can now legally bring back $100 worth from Cuba. They are not yet legal to export.
Some figures to put things in perspective:
---Moto 360 sold 500K in all of 2014
---Pebble sold 700K in all of 2014
---LG sold 420K in all of 2014
---Samsung sold 1.2M in all of 2014
Apple has so far sold over 7M since release
http://www.smartwatchgroup.com/top-10-smartwatch-companies-sales-2014/
http://www.marketwatch.com/story/apple-has-sold-7-million-watches-concludes-tech-analyst-2015-06-01
Edit: added sources
That's kind of just it: Whenever people say, "You don't want Comcast run like your electric and water utilities, DO YOU???" I respond, "Not ideally but it would actually make Comcast better than it is right now." Because in reality, even hated utility companies have higher customer satisfaction ratings than Comcast and TWC:
http://www.marketwatch.com/story/the-most-hated-cable-company-in-america-is-2014-05-20
For once, an understatement in the headline. They have been charged with worse crimes than that:
SAN FRANCISCO (MarketWatch) -- Federal authorities unsealed an indictment Friday against the founders of the three largest internet poker companies operating in the U.S. The indictment charges eleven defendants, including the founders of PokerStars, Full Tilt Poker, and Absolute Poker, with bank fraud, money laundering, and illegal gambling offenses, according to Federal authorities in New York. Restraining orders were issued against more than 75 bank accounts used by the poker companies and their payment processors, while five Internet domain names used by the companies to host poker games were seized, federal authorities added in a statement.
Ahh the old "Time in the market vs. time the market"
Unless you're Warren Buffett et al, you are statistically better off by passively investing in the market as a whole, and sticking it out for the long haul... https://en.wikipedia.org/wiki/Passive_management
Edit: In fact, Buffett himself endorses index funds here: http://www.marketwatch.com/story/warren-buffett-to-heirs-put-my-estate-in-index-funds-2014-03-13
Not this shit again.
Let's get the title right:
"Some random cybersecurity company who was not involved with the Sony case questions the FBIs findings"
"Norse" isnt even mentioned as one of the top 20 cybersecurity companies by marketwatch.
Theres so much misinformation these days...but is anyone paying attention to the sources?
Norse sits in probably 3 office spaces in a building shared by 30 other businesses, and they have only been in business since 2010, next door to a video store.
From Marketwatch
>It is a little-known fact in the West, but Putin has been stocking up on gold bullion for years. In five years he has doubled Russia’s bullion reserves to just over a thousand tons, one of the largest holdings in the world, valued at $44 billion.
>Why? What possible reason could the Russian government have for holding gold, an “unproductive” asset, instead of, say, U.S. Treasury bonds or other financial assets? It isn’t to make jewelry. Gold is the only currency in the world controlled by nobody else. It’s something you buy when you want to have complete freedom, if needed, to defy the rest of the world.
Well, it's like this for many of us. Graduate high school, go to college, exit college to face a tanking economy, can't find a full time job, move back home to live with parents and work part time job, economy slowly pulls itself out of the toilet, get better job and are able to move into own place but still paying student loans so living paycheck to paycheck.
Holy crap, fire this adviser.
>Cash out the traditional IRA paying the penalty
>Combine the cashed out IRA with the Roth IRA into a Variable Annuity (Roth IRA)
If the goal was to combine the IRAs, you could simply convert the traditional to a Roth and only pay taxes, not the penalty. It is shocking he suggested you cash out the IRA and eat the 10% penalty. It's borderline negligent.
As far as variable annuities, they are complicated, expensive products that generally are not very useful, especially for young people. They can offer some nice guarantees but you pay a premium for it, and a good chunk or of you money actually goes to paying adviser commissions, which is why advisers love selling them. It can take years to recoup.
Edit: And an annuity/Roth IRA combo makes almost 0 sense: http://www.marketwatch.com/story/just-say-no-to-an-annuity-in-your-roth-ira-2015-01-23
A study just came out today that United Airlines is the third most hated company in America behind Time Warner Cable and Comcast.
Looks like they are not content with the bronze.
That is why they are developing an encapsulated device that allows the cells to not be detected from the immune system, but can still respond to sugar levels and release insulin. The overall effect would essentially be a functional pancreas located in the host body but outside of the immune system - it has been described as acting like a teabag where small things can go in and out (sugar/insulin) but cells cannot penetrate. The same strategy is already going to be used by Viacyte in their upcoming clinical trial in type 1 diabetes. Therefore, the technology to do this is already available, although it is likely that Dr. Melton's group won't be using the same exact device as Viacyte. Whether or not these encapsulated devices will hold up long term in humans is yet to be seen, I believe. This study is very important in the field and I truly believe that T1 diabetes may be effectively cured as a result.
source: i'm a stem cell biologist, you can read more where I posted this in /r/science over here
also, as a general note when reading through this thread: it's important to keep in mind that obviously scientists have thought about this problem guys, we're not stupid and it's not exactly hard to conclude that putting in new cells in a person who likely has an autoimmune disorder will result in those cells being attacked. Of course they have thought of this... way before you did :)
The people who can manage 1.3 million properly aren't playing the lottery.
Edit: OK, people, yes, this is a generalization. Anyone can play the lottery including people who do it for "entertainment" but the fact of the matter is that studies show lotteries are clearly played at a disproportionately higher rate by poor people. One source of many: http://consumerist.com/2010/05/26/poor-people-spend-9-of-income-on-lottery-tickets/
And yes, people could hire a financial manager if they won the lottery, but again, the type of people playing in the first place do not end up doing so.
>Their findings, published last fall in The Review of Economics and Statistics, show that a big lottery score does little to reduce the likelihood of bankruptcy.
>More than 1,900 winners went bankrupt within five years. That number implies that 1% of Florida lottery players (winners and losers) go bankrupt in any given year, about double the rate for the broader population during the study period.
Source: http://www.marketwatch.com/story/why-lottery-winners-go-bankrupt-1301002181742
There are exceptions but by and large, the people playing and winning lotteries do not have the fiscal sense or inclination to manage their money properly.
Why the fuck is this blogspam hitting the front page? I don't even know why anyone reads this circlejerk subreddit anymore, much less the 13-year-olds upvoting this trash.
This blogger is a profiteering idiot who is making money off of reddit's recent anti-apple circlejerk, and is a mouth-breathing teenager who doesn't know how anything works in big engineering project. There is absolutely no reason any of you should be giving this moron page clicks and ad revenue.
Prices can change due to a variety of reasons. Considering they are quoting an unnamed source, this article could be a flat out fabrication, or a result of the lawsuits, but we will never know the exact reason. It could be supply chain issues, currency fluctuations, manufacturing challenges, or a thousand other things.
> And the contract that Apple and Samsung have, it doesn’t expire until 2014.
That's not even a goddamn sentence!
Here is the actual article for those that are interested.
http://www.marketwatch.com/story/samsung-hits-apple-with-20-price-hike-report-2012-11-11
Fuck you Stefan, go outside and play.
Let's say Alexion cut the price in half. Hypothetically speaking, of course.
It would still be about $260,000/yr.
It would still be insanely expensive, except now Alexion goes out of business, too.
This company isn't "big pharma". They exclusively develop drugs for rare diseases.
The rarity of the diseases doesn't reduce the R&D costs at all. Governments actually try and help companies develop drugs for rare diseases by reducing regulatory burdens to help mitigate costs.
Alexion has a significantly larger profit margin than other pharmaceutical companies. Most have profit margins of between 10-15%. Alexion is at 29%.
They're not making nearly as much as you might think. Meanwhile, the patent is also expiring in 2021. After that, generics come online.
You people are acting like they're making 90% profit margins.
You guys really need to learn the difference between profit and revenue.
It sounds like the EU is threatening economic sanctions. I know that, on its face, economic sanctions sound toothless but the EU is Russia's top trade partner. Add in the plunge the Russian stock market has taken and the big hit the Ruble has taken as a result of the Ukraine crisis, and economic sanctions could have some real bite.
Edit: Economic fallout in Russia.
> While Russian troops amassed on the Crimean border, investors dumped the Russian ruble and stocks, following a weekend of tensions over Ukraine.
> The selling — including an 11% plunge in the local market index — was such that the Russian central bank decided to “temporarily” hike interest rates to 7% from 5.5% on Monday, though the policy move hasn’t turned the tide.
> The ruble sank more than 1.8% against the dollar, to uncharted territory, and also 1.8% against the European single currency...
> Reuters reported the Russian Central Bank reportedly spent $10 billion trying to prop up its currency on Monday...
> Even with manufacturing automated to such an extent, I just assumed they'd be built in China due to the concentration of suppliers and logistics.
It seems that China will be less and less attractive in future.
I believe his quote was: "Never invest in a business you cannot understand."
Arguably, understanding the business is different from understanding how to use the individual products.
Free market, baby!
See how competition drives better service!!
You wouldn't get service this dedicated to getting to a patient in a single-payer health care system.
That's why health care delivery is so much cheaper in America and life expediency is so much longer than the communist models of health care found in Canada, France and Germany.
“Compared with some other G-7 countries, the U.S. spends around twice as much on health care per person as Germany, Canada and France,” said the OECD.
But regardless of the billions spent on health care and drugs, the U.S.’s life expectancy at 78.8 years trails those of less developed countries like Greece and Slovenia.
...Oppps, awkward . . .
From the earnings statement:
"Activision Publishing, along with its partners at Bungie, expects to bring a large new expansion to Destiny in 2016 and to release a full game sequel in 2017""
Two reasons are work ethic and government investments.
How many hours per week do you think the first couple dozen engineers at Google were putting in when launching the service?
Whatever that number was, it was high, and it is illegal to work those hours, even if you really, really, REALLY, want to, in many EU countries. If you're launching a startup and can only afford a handful of senior engineers or developers, and you launch your service or product and there is a problem that you have to fix that only they can handle, if they've already worked a full week you're SOL. My company deals with this all of the time: "Foo is broken, call Hans in Frankfurt to fix it" "Franz here" "get Hans there's a problem" "well, he's off, I'm just a junior guy and I can see Foo is broken, but can't fix it" "well call him!" "I can't. it's sunday and he doesn't have authorization to work on sundays" "fuck, we'll VPN in from the US and fix it ourselves danke a lot, man".
And government funding. Pagerank, the algorithm behind (in the beginning, at least) Google's search engine, was funded by grant called The Stanford Integrated Digital Library Project that has paid out over $4.5 ~~billion~~ million to researchers at Stanford. The grant was set up by the National Science Foundation, NASA, and DARPA.
That $4.5 ~~billion~~ million investment led to the founding of many companies. Google has paid around $12 billion in corporate income tax over the last 5 years, so that investment paid off over MANY times over with just one company, not to mention the others.
As far as I can tell, Trump's fiscal plan is the rich get richer, especially my family. Which yes, does translate to "fuck the minorities" for many of the lovely folks supporting him.
A major hedge fund manager working for a Singapore firm in Shanghai could top that. JP Morgan used to have a guy in his own little office/house in Vermont who was making somewhere around 60 million USD per year after bonuses.
http://www.marketwatch.com/story/hedge-fund-managers-pay-slashed-to-211538-an-hour-2015-05-05 source for general size of income within the industry.
I disagree. The people who buy mechanical watches don't use the accuracy of the time as the primary measure of its worth (as illogical as it sounds to someone who isn't into mechanical watches). They look at things like the history, the craftsmanship, the details of the finish, the innovations, the complications, and of course, the brand itself.
As someone who works closely with the watches industry and attended the world's most prominent watch show (Baselworld), I see first hand how it's a thriving multi billion dollar industry. In fact, sale for mechanical watches is actually rising. There has been a slowdown in sales the last year but that's more due economic slowdowns in Europe and China (two of the watch industry's biggest regions).
> I would not judge someone professionally based on their height.
Whether you think you would do it or not, it absolutely does play a role.
http://www.marketwatch.com/story/height-bias-found-in-us-hiring-promotion-practices
I'm not sure what a normal percentage is for R&D, but 45% of their expenses were from R&D. http://www.marketwatch.com/investing/stock/tsla/financials
To your point, it's not just the cars; It's the battery tech.
The CBO projects that raising the minimum wage to $10.10 per hour by 2016 would eliminate 500,000 jobs compared to not raising it.
However, the US economy has been adding 100-200k jobs per month over the last few years. Meaning that in the same time period, if nothing changes, the US is expected to add, conservatively, 3.6 million jobs (from the 2013 estimate). Meaning there would still be a net increase of 3.1 million jobs, not a rise in unemployment.
https://www.cbo.gov/publication/44995
Very surprised that the conservative media hasn't done that math. /s
EDIT: For those complaining about my estimate of job growth, I assumed 100k jobs created per month. In Q1 2015 we averaged 197k jobs per month and in Q4 2014 we averaged 289k jobs per month.
Upvote because you clearly put effort into it.
My question is why is this not an issue for literally every other industry?
What makes Dell a $24 billion dollar company and Apple a $1000 billion dollar company?
They both do the same thing.
Did Apple not have to spend any money on R&D? So they are worth more? Maybe they didn't spend money on advertising?
That's what they spend. This is from 2013, 2014 was $7.4 billion. Of course, Comcast is the only possible source for what Comcast is spending, but they are a public company with audited financials.
No source on the 10 million to make one episode of MP (though that wouldn't surprise me), but Netflix could ABSOLUTELY give them a 10mil/year budget. And likely then some. Per the link below, 2014 revenues were 5.5billion and gross income was 1.75billion. They're not hurting for cash.
I'm here, yet again, to debunk the myth that corporations are sitting on tons of cash:
> As you can see, the total cash (in green) for the top 50 companies is $3.71 trillion, which sure sounds like a hell of a lot of cash, and it would be were it not for the debt (in red) totaling $4.45 trillion.
> A look at the facts shows that companies only have "record amounts of cash" in the way that Subprime Suzy was flush with cash after that big refi back in 2005. So long as you don't look at the liabilities, the picture looks great. Hey, why not buy a Jacuzzi?
> According to the Federal Reserve, nonfinancial firms borrowed another $289 billion in the first quarter, taking their total domestic debts to $7.2 trillion, the highest level ever. That's up by $1.1 trillion since the first quarter of 2007; it's twice the level seen in the late 1990s.
GamesRadar assuming Nintendo will do twice as good this quarter, and consistently hold it, as it did the previous quarter is not realistic.
Nintendo had a 9.2b Yen loss in the 3rd quarter of 2014. They supposedly have 812.8b Yen in cash reserves.
- 4qtr*9.2bY = 36.8b Yen
- 812.8bY/36.8bY = 22yrs of solvency left (at current loss rate)
- 2014+22 = 2036
Here is the current, and previous 2-year outcomes;
- -24.8bY (2012)
- -23.77bY (2013)
- -36.51bY (2014)
Protip: a "-" is bad.......
SOURCES:
http://www.marketwatch.com/investing/stock/ntdoy/financials
http://www.gamesradar.com/nintendo-doomed-not-likely-just-take-look-how-much-money-its-got-bank/
http://kotaku.com/people-are-buying-the-wii-u-but-nintendo-is-still-losi-1613193985
I think if you look at the data from the last 30 years, it's very clear which party practices fiscal restraint. Hint: it's not the ones who talk about restraint and cutbacks all the time.
You know, I was going to refute that by saying Twitter is more or less a giant of a company, but its marketwatch seems to show a massive nearly 66% decrease in stock prices over the last year.
I think a lot of reputable analysts have been describing zero-interest rate policies as penalizing savers.
- Economics: The bias against saving (Economist.com)
- 5 reasons Americans aren't saving (Marketwatch.com)
- Bill Gross: Americans are being "cooked alive" by the Fed's zero interest rates (Fortune.com)
I mean, I think people can disagree with that statement but it's not nonsense.
not sure where $3 million is coming from
2008: -40 million
2009: 74 million
2010: 234 million
2011: 56 million
http://www.marketwatch.com/story/the-new-york-times-company-reports-2011-fourth-quarter-and-full-year-results-2012-02-02 http://phx.corporate-ir.net/phoenix.zhtml?c=105317&p=irol-newsArticle&ID=1523835 http://phx.corporate-ir.net/phoenix.zhtml?c=105317&p=irol-pressArticle&ID=1249232
EDIT: my bad, I was looking at the wrong field. SmLnine has the right numbers. Their Net Income was still $30mil over the past four years, and $238mil over the past five years
Actually, the wall street journal still has it here.
It is copyrighted so I don't want to paste the whole text in. Here are a few interesting parts: > NEW YORK, Oct. 25, 2012 /PRNewswire via COMTEX/ -- Spire Law Group, LLP's national home owners' lawsuit, pending in the venue where the "Banksters" control their $43 trillion racketeering scheme (New York) - known as the largest money laundering and racketeering lawsuit in United States History and identifying $43 trillion ($43,000,000,000,000.00) of laundered money by the "Banksters" and their U.S. racketeering partners and joint venturers - now pinpoints the identities of the key racketeering partners of the "Banksters" located in the highest offices of government and acting for their own self-interests.
and
> The complaint - which has now been fully served on thousands of the "Banksters and their Co-Conspirators" - makes it irrefutable that the epicenter of this laundering and racketeering enterprise has been and continues to be Wall Street and continues to involve the very "Banksters" located there who have repeatedly asked in the past to be "bailed out" and to be "bailed out" in the future.
> Still, Google’s entry into the wireless market would bring ~~un~~welcome uncertainty to carriers already dealing with an intensifying price war
FTFY
Conventional wisdom says to keep it in an insured cash account. Some investment companies think otherwise, but I agree with this article.
> If the low rates you’re earning on your savings have got you down, think of the earnings you’re sacrificing as an insurance payment.
> “I view the lost opportunity as an insurance cost,” O’Reilly said. “The return I’m not earning on the funds I’ve set aside is like an insurance premium that I pay to protect my other growth assets from being sold at the wrong time.”
>So in USD terms it's stagnating a bit but certainly not dropping.
Remember, USD is up 20% over the last 12 months vs other currencies, because the chart is denominated in USD it appears to be stagnating. If the chart was in EUR or any other currency the uptrend would appear much stronger.
Jip it is not like China is suddenly claiming territories far in excess of the standard 200 nautical miles overlapping with claims from most countries in the area. https://upload.wikimedia.org/wikipedia/commons/thumb/4/4a/South_China_Sea_vector.svg/2000px-South_China_Sea_vector.svg.png
Or building large amounts of artificial islands too enforce those claims. http://www.marketwatch.com/story/chinas-artificial-islands-in-before-and-after-photos-2015-10-27
Even when artificial islands are not considered to have their own territorial waters. https://en.wikipedia.org/wiki/Artificial_island#Political_status
Yes the countries in the area have no need to worry about China encroaching on their territories. /sarcasm
http://rt.com/business/mystery-investor-russian-gold--313/
They probably have more than that in secret too.
Edit: Or so the Russian government claims (RT is propaganda, remember)
Also, these kinds of articles are buried on google by the Olympics (appropriately): http://www.marketwatch.com/story/why-is-putin-stockpiling-gold-2012-09-05
J.C. Penny tried "everyday low pricing" back in 2013. Their stock slid 60% before they fired the CEO. That year revenue dropped 24%.
The S&P 500 has a compound rate of return of 9.8% over its history (1928–present). The comment being referenced mentioned 8% over 40 years. The worst performing 40-year period in the history of the S&P 500 still had a compound rate of return of 8.9%.
Good luck with that. His show is on HBO. The parent organization of HBO is Time Warner, who also owns CNN. Time Warner has donated $591,524 to Hillary Clinton's campaign. You know what's also convenient? George Soros is heavily invested in Time Warner. The more I learn about him, the more he is starting to look like the real life version of Hydra, or Gideon Malick.
Yes kinda like how people say Walmart makes 450 billion dollars a year. The don't even comprehend that that is revenue. It is just laughable at how uneducated people are.
Their net profit was 15 billion last year. They have 2 million employees. That is an extra $7500 for each employee if they gave away all their profit.
American tipping culture is an interesting example of something that almost everyone hates, but can't easily be gotten rid of.
Fun fact: The custom of "required" tipping, like so many other evils, is the legacy of Prohibition. Under-the-table cash payments for alcohol, or to make up the revenue lost by its absence, were rationalized as "tips" -- a practice that hitherto had been considered undemocratic and, ironically, too European.
AMD as a company is actually not doing too hot at the moment. They have let their RND go to crap so intel and NVidia are totally dominating in the PC market right now.
The point is that that's just upkeep. The spending patterns of people who suddenly get hold of a lot of money are bizarre, and my point was that it's much easier than a lot of people think to spend a bizarre amount of money.
http://www.marketwatch.com/story/why-lottery-winners-go-bankrupt-1301002181742
https://ca.finance.yahoo.com/news/riches-rags-why-most-lottery-winners-end-broke-180227163.html
On the contrary....obviously the UC system needs to hire 500 more Diversity Directors of all different types.
I mean can you believe, in 2016, each & every school doesn't have Administrator of 12th Century GenderFluid Transracial bisexual poetry?
It's a human right!
Pay your taxes (the 55% of you that do), lots of people depend on them!
The U.S Government owns a lot of its own debt and it works nothing like how personal finance or personal debt works.
http://www.nytimes.com/2012/01/02/opinion/krugman-nobody-understands-debt.html
http://www.marketwatch.com/story/buffett-us-debt-on-its-own-not-a-problem-2013-01-20
Ashley Madison is currently in the news because a security breach allowed a group to access the confidential personal information of the users on the site. They're holding the site hostage saying "pay us, or we'll dox all your users".
What are your thoughts on this incident?
Was security lax?
The news is reporting that it was likely an employee. Were employees treated poorly there? Why do you think they'd do this?
Do you have any idea who it might be?
on the other hand...
>Japan’s gross domestic product shrank 1.6% on an annualized basis in the April-June quarter, according to data released on Monday by the Cabinet Office. That compared with a 1.9% contraction forecast by economists surveyed by The Wall Street Journal.
>The data show that a sustainable recovery in the world’s third-largest economy has been elusive, despite efforts by Prime Minister Shinzo Abe and the Bank of Japan to stimulate growth. Japan’s economy expanded the previous two quarters, but that growth followed two quarters of contraction.
http://www.marketwatch.com/story/japanese-economy-shrinks-in-the-second-quarter-2015-08-17
I'm guessing this was a 529 educational plan. It works like this:
http://www.marketwatch.com/story/4-things-to-know-about-529-plan-withdrawals-2013-09-09
What seems to have happened is that the account custodian got a withdrawal, but did it in the name of the daughter, so the tax consequences followed her instead of him. That's identity theft and fraud.
EDIT: I see the poster has said it was an UTMA account, but I don't think it makes much difference. The only way this situation could come about is if the father committed some sort of fraud. Money in an UTMA account is owned by the daughter, not the father. It's fraud and theft.
Oil companies actually have peculiar finances, but that seems to be about their gross revenue number.
Marketwatch shows BP as having gross income of $24 billion in 2013, and net income of $15 billion in the same year "net income" wold be their true profit, but there are accounting devices built into net income that make it smaller.
You'll note on the source above, that in 2010, their gross income for 2010, the year of the spill was $29 billion and their net income was -$2.43 billion, (with "$27B in "unusual expenses") which was directly attributable to the deepwater horizon spill. They actually set aside more than $40 billion total.
SO realistically, the Deepwater Horizon spill wiped out BP's profits for that year, and once all the costs are said and done, will probably wipe out 2-3 years net profits.
To my mind, that's not unreasonable as a punishment. We'll never really know the full scope of the damage of course, but we need articulable legal standards to award damages and impose fines, and that's being done according to the rules we do have.
I couldn't agree more! Market watch shows their income tax at 13.12 billion dollars last year when obviously this guy's small business isn't capable of that.
There are so many numbers and rules that factor into this but people simply look at revenue and strike a company as evil if they don't pay their "fair share".
Edit: Forgot how to make words Edit 2: Corrected by Prinsn. Thanks!
You might benefit from reading this
http://www.marketwatch.com/story/grow-up-insurance-is-stupid-investment-of-the-week-2011-03-04
And then just go ahead and read why whole life insurance is a rip off
http://whitecoatinvestor.com/8-reasons-to-avoid-whole-life-insurance-and-4-reasons-to-consider-it/
https://blog.wealthfront.com/whole-vs-term-life-insurance-investment/
and a bevy of others. You shouldnt have Whole Life Insurance and you shouldn't have life insurance on a child in the first place.
I'm not sure if Tim Cook is a reliable source, but he is the CEO of Apple so I assume he knows what he's talking about.
http://www.marketwatch.com/story/apple-repurchases-14b-of-own-shares-in-2-weeks-2014-02-06-20449947
> Apple Inc. has bought $14 billion of its own shares in the two weeks since reporting financial results that disappointed Wall Street, Chief Executive Tim Cook said in an interview.
Edit: What do I think? It's part of the buyback plan announced last year. The buyback itself isn't news, the timing of it is, and it already happened. So there's really nothing to react to.
I don't know where those above statistics come from but I think they're wrong (possibly counting net worth?) The average savings of an American are less than $1000
Here's Merill Lynch's guess from 4 years ago
The question is also what the percentages are and how much they adjust those percentages on a regular basis.
Verizon asking Netflix for money because Verizon customers are streaming video is comparable to paying to fill your car in CityA so you can drive to CityB - and once you get there then CityA asking CityB pay them because you used the gas you bought to get there.
And if that's not enough, think about the following:
In 2013, Verizon posted a <strong>pretax income of $29.28B on revenues of $120.55B</strong> <em>(24.8%)</em> and paid <strong>$5.73B in taxes</strong>, or 19.6%.
In 2013, Netflix posted a <strong>pretax income of $192.2M on revenues of $4.37B</strong> <em>(3.9%)</em> and paid <strong>$58.7M in taxes</strong>, or 34.3%.
Is there is a Verizon lawyer out there who would be willing to explain why Verizon thinks Netflix owes it money, in terms I can understand? Because from where I'm sitting, it looks like Verizon owes everybody some money...
This jump may explain why smear articles are circulating again. Every time Bernie gains in the polls, the mainstream pundits and "journalists" come out and attack.
So by the study linked in this article being born in the 90th percentile for income (parents are making 150,000 a year as a household is about average for this range) on average make 200% more than those born in the 10th percentile and 75% more than those born in the 50th percentile.
So basically being born into a wealthy family you can expect to earn 75% more than the average person.
Contrast this with attractiveness which has been found to account for 4-9% increase in wages.
So the conclusion from research is pretty clear that having rich parents is better than being pretty.
That ship has already sailed.
Jeb released his Guac bowl in August 2015.
Within a month Calavo (a major avocado producer) saw a SUDDEN 40% drop in its stock value, despite a steady upward trend in the previous 6 months.
I'll keep posting Warren Buffett's instructions for what happens to his wife's inheritance until the end of my days:
"My advice to the trustee couldn't be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard's.) I believe the trust's long-term results from this policy will be superior to those attained by most investors — whether pension funds, institutions or individuals — who employ high-fee managers."
If you're not Warren Buffett himself, you better listen to his advice.
http://www.marketwatch.com/story/warren-buffett-to-heirs-put-my-estate-in-index-funds-2014-03-13
Ebola takes more than walking through an airport with an infected person to catch. You have to have contact with bodily fluids and as long as they don't sneeze right into your face you're probably fine breathing the same air as a patient.
Since they're only contagious when symptomatic don't fucking grope sick people and unless you're a doctor exposed to many sick people the odds of getting sick are low.
The reason the guy in the U.S. died is he went untreated for too long. If you get sick go to the fucking hospital you're going to be in pain and it's going to suck but survival rates are higher in the developed world by a large margin.
It doesn't sit in your bloodstream letting you infect people you come in contact with for a long-ass time before you get really sick like HIV does. Once symptoms manifest themselves it's pretty obvious in a country with decent medicine and appropriate steps to quarantine you can be taken.
Every one of these fucking posts is so full of ignorant shitdicks spreading Fox News level fear over an illness that means less than the current respiratory virus that last I checked has made 600 people, mostly kids, sick. They are still sorting out why it's causing temporary paralysis in some patients the last I heard.
Cool-headed informational piece. http://www.cdc.gov/non-polio-enterovirus/about/ev-d68.html
For those interested more in our company, last month we set a new service record for made-to-order prescription glasses where we reduced the average time from order placement by the customer to shipment to 0.7 days.
Our eyeglasses manufacturing facility operates 24/7 and is one of the most technologically advanced labs in North America.
>It turns out Manning has done this casual-mention-of-specific-beers-thing before, such as after the Broncos beat the Chargers in the AFC Championship game in 2014. One would guess that he’s now back to the full-calorie Budweiser brew as he answered a question about retirement with this: “What’s weighing on my mind is how soon I can get a Bud Light in my mouth after this win.”
>After that 2014 comment, it emerged from Beer Business Daily that Manning has a stake in two Louisiana Anheuser-Busch distributors. Manning’s marketing agent could not be reached to confirm that report.
IF Russia has the goal of crashing the US economy, this is a brilliant move. It would destabilize the dollar significantly, while buying time to transition completely to the ruble or yuan or some compromise between those two countries.
The reason this would hurt the United States significantly is because, since 1972, every barrel of oil worldwide (exception of Iran) is priced and sold in US dollars. This requires every single oil importing nation to stockpile USD, and also stabilizes the value of the dollar in relation to oil demand and supply.
Removing the demand for the US dollar among a significant demographic ('asians') would lead to those dollars being sent back to the US, causing inflation, and would clash pretty bad with the current policy of quantitative easing. The money supply would have to contract, the dollar would weaken.
Because of the precarious nature of the economy and various banking institutions at the moment, this could truly be a 'collapse' scenario for the dollar and much of the world economy. The failure of a couple major financial institutions could be a domino effect, because of the nature of the web of risky financial transactions, the most important being derivatives, the market of which was valued at $700 trillion in 2009.
http://www.marketwatch.com/story/the-700-trillion-elephant-room-theres
There are more factors, of course. But these are many of the big ones.
18 years? What rock have you been under?
Fuckers never leave!
I think most everyone would agree with you. Unfortunately this isn't reality for most people. http://www.marketwatch.com/story/most-americans-have-less-than-1000-in-savings-2015-10-06 in fact most Americans have fewer than 1,000 dollars in savings.
This speaks to two things 1) people aren't learning about the importance of frugality and personal finance and 2) wages are too low while cost of living is too high.
BP has paid ~$8.5 billion so far. 42% is not a tiny fraction.
BP made $16.2 billion in 2011, their highest reported profit in the past 5 years. So their penalty of $20b is more like 125% of their profit per year.
Not sure where you got your numbers...
"Approximately 62% of Americans have no emergency savings.." meaning if they didn't get paid, they couldn't go waste their money this weekend. Wow. To me this is crazy. 2/3 people don't even have $1000 emergency savings? I can't live that way...
Whats hilarious about this, is that plenty of companies (like mine) offer sick time/vacation time..(its all lumped together as PTO)
Of course in 8 fucking years I have never once used all my PTO
ooh sure, its available, but you'll be looked down upon as lazy by management, coworkers (competitors) will use it against you when it comes time for bonus/promotion...in fact its a pretty wide spread phenomena in America even when PTO is offered people don't use it
http://www.marketwatch.com/story/americans-only-take-half-of-their-paid-vacation-2014-04-03
Aivan normaali tilanne muissakin teollisuusmaissa. Jenkeissä esimerkiksi tilanne on vielä karmeampi ottaen huomioon sen maan sosiaaliturvan yleisen heikkouden: Most Americans have less than $1,000 in savings
Keskiluokka on kuolemassa ja vaurautta jää entistä harvemmalle. Suomessakin pelkkä hammaslääkärikäyntien rypäs voi aiheuttaa 2000-3000 euron laskut ja tuhota ihmisen talouden. (Ja ei, hyvinvointiyhteiskunta ei todellakaan kata tarpeellisiakaan hammaslääkärikustannuksia. Terveyskeskuksen paikkaus-ja-repimis-linja ei riitä vanhemmille asiakkaille ja monimutkaisemmille tapauksille.)
This post reminds me an article I just read a couple days ago:
>a careful study of the Forbes 400 list provides a reality check on the dreams of avarice that motivate many investors. With few, if any, exceptions, the billionaires on the list didn’t make it by engaging in some particularly shrewd trading strategy on Wall Street. On the contrary, the most well-worn path on to the list is through starting a company that eventually gets bought or goes public. Another popular pathway is to be born to rich parents who leave you with a hefty inheritance.
At first I thought it was weird that his lawyer was there with him at an interview, but it became obvious when every other word out of the guy's mouth was a thinly-veiled attempt to suck Walmart's dick.
NBC and Walmart have been buddies for years, so it's no surprise that they chose The Today Show as the venue for it either. Walmart even makes fucking infomercial movies for NBC. They also glorify Alice Walton, the Walmart heiress who has numerous drunk driving incidents and literally hit and killed a pedestrian.
There was DEFINITELY a contractual obligation to praise Walmart in that interview. I'd be willing to bet it was actually the main purpose of the interview to start with. When you consider that Tracey isn't 100% right now, the whole thing takes on a macabre tone, as if a brain-addled Tracy is being manipulated into praising the fucking company that's indirectly responsible for his injuries and the death of his close friend.
I don't want to sound like a jerk, but your post reads like Apple P.R. Apple made tens of billions in profit last year (see http://www.marketwatch.com/investing/stock/aapl/financials) and is the most valuable company in the world. The pay is shit because they know people will work there for less money just because it's Apple. That is all.
Sounds like you're in desperate need of some perspective.
>The research finds that assets of just $2,200 per adult placed a household in the top half of the world's wealthiest. To be among the richest 10% of adults in the world just $61,000 in assets is needed. If you have more than $500,000, you're part of the richest 1%, the United Nations study found. Indeed, 37 million people now belong in that category.
>Sure you can now be proud that you're rich. But take a moment to think about it and you'll probably come to realize the meaning behind these numbers is harrowing. For if it takes just a couple of thousand dollars to qualify as rich in this world, imagine what it means to be poor.
>Half the world -- nearly three billion people -- live on less than two dollars a day. The three richest people in the world have more money than the poorest 48 nations -- combined.
>Even relatively developed nations have low thresholds of per-person capital. For example, people in India have per capita assets of $1,100, and in Indonesia capital amounts to $1,400 per capita.
Possibly the Orion test version scheduled to arrive today at the Virginia Air and Space Center?
Edit: messed up link
Edit: well. how to escape the ")" in urls?
...And?
SAN FRANCISCO (MarketWatch) — General Motors Co., after years of wrenching cutbacks, said Tuesday that it will invest about $2 billion in 17 plants across eight states in a move that will add or save more than 4,000 jobs.
http://www.marketwatch.com/story/gm-to-invest-2-billion-add-jobs-2011-05-10
This article puts the total size of the global market for sex toys at $15 billion.
Edit: I'd say it's possible that Amazon has a few billion in revenue on sex toys. Amazon did $107 billion in sales last year, so maybe 2 to 4% of sales. It's a big enough piece of the pie that execs at Amazon are paying attention.
If you look at the list of oil breakeven prices you see those Arabian countries have budgeted assuming an oil price above $54 to $103 a barrel.
Venezuela budgeted for $151.
A friend of mine HAD ALS. There are certain nerve therapies out there to help the myelin grow back.
I'm not shitting you.
He used Cayce Wet cells.
Here is another link I got today that can help with myelin regeneration.
Or does this bad investment come from the parents and teachers who lived and went to college 30 years ago, the fuck up? They pressure children today to go to college because it helped students in the 1970s find better jobs at very cheap prices (http://trends.collegeboard.org/college-pricing/figures-tables/tuition-and-fees-and-room-and-board-over-time-1975-76-2015-16-selected-years). Then the banks hand out student loans like hot cakes for absolutely anything even when the kid doesn't know what he's getting into. This is why student loan debt, by today's numbers, is at $1.3 trillion (http://www.marketwatch.com/story/every-second-americans-get-buried-under-another-3055-in-student-loan-debt-2015-06-10).
Come on man I understand that people are responsible for their actions but when someone you trust tells you you'll make a lot of money doing this. Will you doubt them? Will you go against what they want when they say it'll be great for you only to land in tens of thousands of debt? Multiply that by millions of students and it becomes no different than a pyramid scheme. I mean if I could transfer what I know now about the whole college process to the me talking to my counselor I would have said, "Fuck no? What are you crazy??" and stormed out!
These students won't have a life afterwards. They have to struggle to find a job and use almost all their income to pay them off. They can't get a great car, they'll struggle to live on their own, family? forget that, they won't be able to travel. It is a tragedy that these kids will have to day in day out work because they can't afford to take breaks. God forbid they get seriously sick or injured.
Years ago college was a perfect and great idea but today it just isn't. Now could you truly blame them for getting into something society sets them up for?
False? What? You didn't address any of my legitimate concerns. let me break it down for you...
The article opens with...
>Since Obama bundler Chris Sacca led the board of directors coup to fire CEO Dick Costolo in June, Twitter has fallen from number 3 to number 7 in social media popularity, and the stock price has lost $12 billion in value
First problem with this, what does Chris Sacca's status as an Obama fundraiser have to do with this story? The Obama administration has been centerist at best, in no way does a link to Obama establish one as a member of the lunatic fringe.
Next issue... It's worded as if Dick Costolo was forced out, literally saying it was a coup. The reality is not only did he leave of his own volition, he asked to be replaced.
Lastly, it somehow implies the loss in value at twitter is directly linked to the depature of Costolo, which, according to reality is far from the truth. The decline has far more to do with the growth and revenue stream issues that began far before Costolo left, and, were in fact, the primary reason he asked to be replaced.
I could go on but do you take my point? While i'm sympathetic to the cause this is an absolutely garbage article not in the least bit based in fact. You must see that, right?
Correct. Radio Shack just recently sold customer data as part of their bankruptcy.
They posted a ¥23 billion loss in 2014, not a profit. Their revenue has been cut in half over the last 5 years. Source
It's fortunate that Nintendo built up huge cash reserves during the Wii era. They still have time to develop a new console.
Nvidia cost of goods sold in 2014: 1.86 billion
AMD cost of goods sold 2014: 3.68 billion
Note how AMD actually generated over $1 billion more than Nvidia, but that COG is destroying that.
The bourgeois are the biggest parasites in the world. This kind of shit spawns its own industry of Tony Robbins and Tim Ferris fuckheads telling you that you too can live this obscene, gaudy, exploitative life.
Also, the rich are less charitable than the poor (Percent-wise of course you'd get bourgeois apologists who look at absolute amount). http://www.marketwatch.com/story/wealthier-americans-give-less-than-poorer-people-2014-10-06