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Comment Re:So? (Score 1) 202

(* 25 * $2.5M = $62.5M, $62.5M - $53M (the amount they already have) = $9.5M still needed)

Try another $522M - The FP's "$2.5 million" counts as an extremely misleading number from someone with an obvious agenda. That $2.5 million literally only covers bandwidth and electricity; WMF actually has an annual budget of almost 10x that, $23M.


Okay, so you're saying that Wikipedia will raise another $9.5 million* and then stop, right? If they do that, then I won't complain.

Would they stop begging for donations if someone handed them a check for half a billion tomorrow? I can't say even if they should... That would depend on whether they have aspirations to make the WMF something even bigger and currently just don't have the funding to take it to the next level. If not, then yes, I'd like to think they would invest it and operate off the proceeds.

Realistically though, it amounts to a moot point. They won't ever reach that level of funds in reserve; but the closer they get, the more their investment yield reduces the need for immediate donations on a quarterly basis.

Comment Re:Missing The Point! (Score 1) 950

which should focus not only on biology and safety, but also on emotions, physical contact and romantic relationships.

Yeah, that will certainly encourage boys to turn down what they perceive as a superior good (porn). Let's make them directly confront aspects of sexuality that even adult males try to minimize, in a context with the highest potential to lead to embarrassment in front of their peer group, at an age when they still haven't even figured out the basic logic of "to date a girl, ask her out".

Comment Re:Compares well (Score 2) 408

No-fault is about taking money away from lawyers, who used to litigate each and every auto accident as a lawsuit in court before the insurers would pay. Eventually the insurers decided that they spent more on lawyers than accident payments, and they had no reason to do so.

If you want to go back to the way things were, you are welcome to spend lots of time and money in court for trivial things, and see how you like it. I will provide you with expert witness testimony for $7.50/minute plus expenses. The lawyers charge more.

In general your insurer can figure out for themselves if you were at fault or not, and AAA insurance usually tells me when they think I was, or wasn't, when they set rates.

Comment Re:Investments? (Score 3, Insightful) 202

They have annual expenses of roughly $23 million (do you go to work for free every day?), not just the $2.5 they spend to physically keep the lights on. That makes their current position comfortable but still not self-sustaining.

Realistically, they need 13+ times that much in investments to have a self-sustaining income stream.

Comment Re:So? (Score 5, Insightful) 202

Yes, they most certainly do. Every nonprofit on the planet has the long-term goal of having an endowment large enough that they can focus on their core mission rather than bullshit fundraising drives. In order to do that sustainably, they need to have an endowment approximately 25x their annual operating budget, plain and simple.

Nonprofits still function as corporate entities that need to pay the bills, they just don't have - as you might infer from their name - "profit" as their primary mission.

I have my objections to Wiki's policies (primarily editorial), but the fact that they have targeted a self-sustaining endowment, I don't fault them for - Quite the opposite, I give them credit for actually having a viable business plan. Yes, "business plan" - Nonprofits still need one of those, like it or not.

Comment Re:More than $100 (Score 1) 515

If we don't have more than two children per couple, the human race would've died out a long time ago.

I think the proper way to state that is "If we didn't in the past", not "If we don't". If we were to have 2 children per couple (approximately, the real value is enough children to replace each individual but not more) from this day on, it would not be necessary to adjust the number upward to avoid a population bottleneck for tens of thousands of years.

Comment Re:$30 (Score 1) 515

The Northern California Amtrak is actually pretty good for commuting from Sacramento to the Bay Area and back because the right of way is 4 tracks wide in critical places and it has priority over other trains for much of the time.

Acela in the Boston/NY/DC corridor is also good, because the right of way is 4 tracks or more for most of the way, and it has a track to itself along a lot of the route. Other railroads run on parallel tracks.

For the most part, though, Amtrak suffers from not having exclusive track. It runs on freight lines that host cars so heavy that the rail bends an inch when the wheels are on top of it (I've seen this first hand).

Comment Re:More than $100 (Score 1) 515

No. If anything, I assert that good trains are a hallmark of the set of good economic policies that lead to the general well-being of the citizenship.

Poor people are poor because they can't get jobs. One of the reasons is that they can't get to jobs. Can't afford a reliable car and insurance and gas in the US? Can't work! Too often, that's the equation.

The other reasons they are poor are that we were equally bad in investing in other things we should have spent more upon publicly, like good primary education. This is caused by more wealthy folks not wanting to pay the necessary taxes.

Comment Re:More than $100 (Score 1) 515

I have a lawn and there are turkeys and quail in the front yard today and we can hear the coyotes howling some nights (that's on the edge of Berkeley where it meets Contra Costa county). If I want to be in San Francisco, I have to get to the train station, which is a mile away (convenient, by the way, to lower income homes). And then it's all train from there, under the Bay, out again in the middle of the city.

In two more years, I will be able to get to San Jose that way. Right now, that is an hour and twenty minute drive if I start at 6 AM, and two hours if I start later. It will be a shorter time on the train, more relaxing, a hell of a lot safer, and will allow me to work on the way.

This is what railroad transportation can mean for people with lawns.

Comment Re:$30 (Score 1) 515

Well, I am not convinced by the auto ownership report that failed to include the purchase price (really!)

I think there's a lot about European behavior you're not taking into account - like the kind of car they actually buy (really small compared to ours) and what they use it for (often, just getting to the railroad station), and the clear indication that car ownership was because of their larger middle class which is itself an indication of better economic policies - like having good mass transit.

I think you have the tax picture wrong, and it's still the better-off people who are contributing the most to mass transit through their taxes.

Regarding the bus, I'm not convinced. The biggest problems are that it can't be connected to electricity efficiently (San Francisco's catenary busses can't exceed 40 MPH while on the wire, and rarely approach that speed because they share the route with cars), it is labor intensive compared to rail, and it has the traffic and safety issues of an automobile. And too often light rail is little better than a bus. It's only when there's an exclusive right-of-way that you get efficiency.

And ultimately there may still be people who vote against mass transit, but they are shooting themselves in the foot.

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