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Comment At the same time auto loan terms are increasing (Score 1) 334

Auto loan terms are getting longer these days with the average length up to 66 months and around 25% having a term between 6 years and 7 years. The interest paid on a seven year loan vs. a 5 year loan can be as much as 50% higher.

This, and the the previous poster's point about using a temporary shift in fuel price as a basis for a long-term decision, show that there is a kind of desperate denial in place for many Americans.

They were sold the big dream and are unwilling to see the simple truth; the dream of an easy, middle class life for most Americans is gone. The SUV is their symbol that they still have the kind of economic freedom that a widely-shared national prosperity used to offer. The inconvenient truths that it will cost them outrageous amounts of money to fuel, and that it will probably need major repairs long before the 7 year loan is paid off are comfortably far away when they are in the showroom buying their toy.

Why is the dream gone? That is a whole nother' thread that covers many parallel trends.

But one overarching factor is that the overall pie is stagnant or shrinking. Aside from the unproductive shenanigans of the finance parasites, and a similar milking of trillions of dollars through the for-profit health care system, plus the temporary fracking bubble that drills most of its wells at a loss using other sucker's money, there really aren't many growing sectors of the economy. We've lost many of the productive activities that had broadly-shared economic multipliers.

I'm not sure why that is exactly, but I suspect that it is driven by the inexorable decline in the ease of extraction of energy and all forms of raw materials. The easy oil and gas, the rich deposits of minerals, the virgin forests holding hundreds of years worth of stored growth, the teeming fisheries are all nearly gone. And the easy wealth goes with it.

So rather than clinging to the illusion that our lives will continue to be about which status-enhancing consumer product we should buy next, we probably should start looking at what elements are actually required to have a satisfying life without the pumped-up economic circus.

I'll give a hint--it's not about what you buy, its more about who you love and who can trust you to do what you say you will.

Submission + - 'Star Wars: Episode VII' has a title: 'The Force Awakens' (ew.com)

schwit1 writes: If you feel a disturbance in the Force, it’s millions of voices suddenly crying out the new title of Star Wars: Episode VII — The Force Awakens. The reveal comes as the movie finishes its final day of shooting (with many more months of post-production to come.)

Although there were still a few days left of shooting, the cast of the J.J. Abrams film already celebrated their wrap party last weekend, following a bumpy few months of principal photography thrown into crisis when Han Solo himself, Harrison Ford, broke his leg on set in an accident involving a falling door on the Millennium Falcon.

Submission + - Most planets in the Universe are homeless

StartsWithABang writes: We like to think of our Solar System as typical: a central star with a number of planets — some gas giants and some rocky worlds — in orbit around it. Yes, there's some variety, with binary or trinary star systems and huge variance in the masses of the central star being common ones, but from a planetary point of view, our Solar System is a rarity. Even though there are hundreds of billions of stars in our galaxy for planets to orbit, there are most likely around a quadrillion planets in our galaxy, total, with only a few trillion of them orbiting stars at most. Now that we've finally detected the first of these, we have an excellent idea that this picture is the correct one: most planets in the Universe are homeless. Now, thank your lucky star!

Submission + - Is Geometric Algebra finally adopted in STEM curricula? (wavewatching.net)

quax writes: It has been over a century that William Kingdon Clifford developed Geometric Algebra. Yet due to his untimely death it was quickly forgotten, only to be partially reinvented when Dirac tackled relativistic quantum mechanics and introduced spinors. But geometric algebra is much more versatile than that, for instance it makes for a better alternative to vector calculus, combining div and curl operators and doing away with the cross-product in favor of bivectors. It is such a straightforward unification of otherwise, disparate mathematical techniques that I very much regret that my physics curriculum twenty years ago didn't cover it. Has this changed? Have you encountered geometric algebra in an undergraduate program?

Comment Re:Very sad (Score 1) 277

For the first time since I started w/the iPhone (the 3G was my first one), I see absolutely nothing of value with this major release version which makes me want to upgrade to it.

I'll be paying $99 for the 5S and be happy w/it. Sorry but unnecessarily bigger sizes and a better camera is not worth $200+contract renewal.

Comment Re:Your employer (Score 4, Insightful) 182

The IT world is certainly competitive; however, ALL companies should see the internal benefits to training employees and working to ensure they do not leave. Companies with the mindset you laid out above are doing themselves a double disservice by not training their employees and leveraging the benefits and immediate returns provided by investments in their human capital. In some fields and with some resources, professional development is seen as a bigger happiness motivator and retention tool than more salary.

What you have outlined above is a company which is not interested in its people and only its immediate bottom line and one where it's clear its people should move on regardless of payscale and internal short-term opportunity provided.

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