I think this will have some interesting consequences. The US dollar used to be backed by gold, then Nixon ended that and then it got tied to oil, so in effect it was still backed by something tangible. The rest of the world currencies being somewhat linked to dollar were also indirectly tied to oil. Now the dollar is backed by nothing and by extension the rest of the currencies. In that sense dollar is now just a digital currency.
>the petrodollar is nothing like the gold standard, where a dollar was pegged to a specific amount of gold.
>in effect it was still backed by something tangible.
I expect for the foreseeable future, with a few hundred dollars you will still be able to drive your Corvette (or other pleasure craft) around for quite a pleasurable tour.
The thing that changes is the number of miles you can go according to the present asset value of your fuel at any one time.
People got accustomed to that part of it a long time ago, after Nixon sacrificed the currency to the Saudis.
With complete discharge as a petrocurrency, that could end up with some place other than the US, one which average income is abysmal by comparison, being fully able to collectively purchase more Corvettes for cash than Americans because of debt levels relative to tangible assets.
Besides with the attacks happening right now on commercial ships in Gulf of Aden. It could become very expensive to bring anything out from these fabs or providing raw material
Is it accurate though?. If I fix the time and slide by the month, I expect the shadow to move east to west, but it only grows or shortens, which would mean the sun is exactly at the same vertical line on ground every day of the year but the height above horizon changes.
It shouldn't be on a vertical line, it should follow the solar analemma for your location. It's essentially trivial to add this, I think the creator just needs to add equation of time correction?
I think there are a number of advantages of having extra staff if a company can afford it.
1. Talent is pulled away from competition that can threaten Google's dominance.
2. Talent is prevented from creating their own startups that can threaten Google's dominance.
3. Engineers are available to handle extra work that suddenly shows up leaving the others to keep focusing on "real work".
4. Engineers are available to do work that is not "real". Meaning work that nobody wants to do but still has to be done.
5. Hiring more people shows that the company is growing causing the stock value to go up.
6. Firing people can also cause the stock price to go up because it shows company is doing something to cut costs.
But doesn't it help the state overall, because more people will become ineligible for tax breaks and other diverse subsidies and programs the state offer's for the low-income households. Has any study taken a look at that?
I don't understand how you can write more that one line long program in a language where all variables are global by default even if they are inside a scope delimited by brackets. You can have local variables but the syntax is weird. https://www.gnu.org/software/gawk/manual/html_node/Variable-...
> By removing the wealthiest or highest-paying customers from a line, there’s little incentive to advocate for better service for the rest.
Why would the business want to have a better service, the long lines is the means for the business to make people pay up the premium for cutting the lines. Ideally they would want even longer lines so more people pay the premium
Well if any one can log into paypal and open and close cases, they might as well just use the paypal account to pay themselves directly or buy stuff. I don't understand why the seller had to use FB to scam people when they could manipulate the paypal account directly
Is he implying that the doctors who take insurance will not tell the truth
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