You mean a place like Tsaritsyn... um no Stalingrad... um no Volgograd... or Constantinople... um no Istanbul. Yes Names of places never change, ever.
So? Who gave the IAU the authority? What legal power do they have? I can create my own list of names for planetary bodies. If I get most people to use my list instead of the IAU's, what id going to happen? Nothing.
Btw, I am currently accepting bids for this solar systems' planets. Get them while they are cheap.
The problem is that you mix tools and how they are used. Fractional reserve banking is not evil in itself. It basically creates, through credits the opportunity for economic growth. That being a company has a great idea, but not the capital to realize it. The bank has the capital, but not the idea. Through a credit it is possible to realize the idea and it is a win/win situation. The company makes a great product which it sells, the bank makes a profit through the credit and maybe even the people putting money into the bank make something off of it, though savings. This is all and well when you ensure that the bank makes proper risk analysis on the credits and on average comes out on top.
What you should really be afraid of the the credit bubble. What we are currently seeing is that individuals are given credits, which means they are now spending money and helping the economy grow, but this is at the cost that in the future this person will have less money to spend, since he is repaying the credit. So the economy slumps, as a result "to help the economy" more credit is injected. This has been going on since the 60s and in totally high ways since the 80s. The result is that the economic growth is propped up though credits and growing unnaturally. The economy is extracting money from individuals more than they can afford and the only way to keep the current pace is to increase individual debt. The situation is additionally aggravated by greedy bankers which gave out sub prime credits. There will be a point where the individuals dept is so grate that the scheme can't go on. This debt fueled economic growth is the ponzi scheme.
As an interesting anecdote for this, in Germany the minimum weekly demand of an individual is estimated by tasking average demand of products and services and representing it in a "shopping basket". This is then takes as a baseline for social service handouts. Since it takes real prices, this "shopping basket" is quite a good indication of "real inflation". The interesting thing is that in the last decade this shopping basket remained somewhat in sync with inflation. This being because the big rises where in things like fuel, which hit individuals and companies equally and as a result drove prices up and margins down.
They don't hate inflation, they love it at moderate levels. Imagine the following, there is no inflation at all. You own money, it will never lose value. This is good for you, but but banks and companies can not make anything from it. Add moderate inflation and your money slowly loses value. Now you need to do something about it so you don't lose all your money. The banks offer to work for you to preserve the value of your money, FOR A SMALL FEE. They invest the money into companies (credits) or the stock market and as a result also extract additional money. The result is that without inflation you will not even think of putting your money into stocks, bonds or similar financial instruments, cash will do the job of maintaining value. What they hate is when the inflation is so strong that is starts to eat into their profits. For example when inflation almost nullified a credit.
True that, but I was referring to:
If you've done a factory reset, then the phone owner doesn't need to worry about their data anymore...
Which is a faulty assumption.
I am not saying you need social media. I for a fact do not have a facebook account. But I have my email account (google) linked in the device and that basically opens everything. By your logic, you are better off with a dumb phone and an ultrabook...
You know what. I don't own a car and rent one when I really need one. I live for rent in a decent but not expensive neighborhood. I normally buy good appliances that will last a while, instead of fancy crap. Coupled with my job as a software engineer I can save/invest around 1K EUR per month. In recent years I buy my luxury items, like a new PC fully from dividends. In a general term I don't incur dept. If things go as expected I will be able to retire with 40,10 years from now. (I probably won't, but that is a different story.)
What you are missing is that you are dearly paying out of your ass for the dept you are racking up. The rat race is a real thing and you are running it. You are sold on the idea that you can have all those luxury items. But you are ignoring the fact that you are paying for them AND the money you lowned. The longer the credit is going the more you pay for that money.
I am not basically against credits in general. If you need to own a car to get to work, get a credit, since your return on investment will cover for the cost of the credit. But do get the cheapest (total cost of ownership) vehicle that will do the job, not the brand new expensive car. I am especially not against credits in a business setting. If the gain is larger than cost of the credits, go for it; that is what powers our economy.
But what drives me crazy are people that buy expensive luxury items from their future selves and wonder why their bank balance is always low. You fail at basic economy.
I think what google, facebook and steam are recently doing is quite ingenious. When you logon from a different location than normally, you get asked additional security questions or additional email validation. Although not perfect, it helps migrate many abuse scenarios.
Except the revealing pictures of your girlfriend on the SD card...
You mean like your mail and social media accounts? I think that sort of defies the entire part of the smartphone. The only two features remaining are phone and games.
Or a fake ID card? If there the prize if big enough making fake ID cards is not that hard. In most cases the clerk only look at the ID card and any electronic verification will (if any) be cheeked. (Electronic verification that phones home is the only really secure way that is almost unfoolable.)
Actually I agree with GP, only I would say more along the line of physical assets, like gold or "virtual" assets like stock. But yea, storing "cash" in any form is a bad idea.
Then don't buy them simple as that.
But at the same time you can have a novice driver stalling her car. Being the car behind anybody, you must expect nothing about the car before you. Observe what is happening and react accordingly.