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Comment Smart people using money intelligently (Score 4, Informative) 274

Google: "What is a university endowment"

A: Endowments represent money or other financial assets that are donated to universities or colleges. The sole intention of the endowment is to invest it, so that the total asset value will yield an inflation-adjusted principal amount, along with additional income for further investments and supplementary expenditures.

It is a donation that is invested. It is a donation that you cannot guarantee will be given every year. You grow this money so you will have a stable amount of income into the future.

A university is an institution. It is in the business of educating intelligent people, by retaining intelligent people. If you have a large endowment why should a congress that cannot balance a budget tell you how to spend your money?

Please remember not all universities have huge endowments. Many prestigious universities have large endowments ( snark ), from wealthy alumni, or wealthy people in the state that just like that university and left them money. These often one time investments are MEANT TO LAST. so you invest them. You do the smart thing and use 1% and try to gain 8% every year. A university can survive 100's of years so it can apply good financial practices. This is why endowments have boards that review how the money is used and invested and those boards do it for free or a small nominal amount.

A little maths:
( if you cannot grow your money )
1 billion fund spent over 100 years: 1% is only 10 million a year
10 million fund spent over 100 years : 1% is 100k a year

The hope is to grow your money on average by 7% a year. And thats a big HOPE nowadays. Leave them alone, because otherwise those same universities will be broke in 30 years cause they spent the money now for a short term drop in tuition and facilities with no way to replace that money.

Comment Re:How is it not car sharing? (Score 1) 231

I offer this argument:

In collage I often gave people rides to work for 5 bucks for gas. And gas was only $1.xx back then so I made a small profit. The only difference here is that this is a business model to tie supply and demand together. And unfortunately for Uber / Lyft they made it centralized ( like Napster ) so they could make a profit for providing the service ( unlike Napster. )

Like Grokster they could decentralize and offer both driver and passenger a service for a connection fee, they set up the means for connecting but allow the participants to directly connect with each other without ever recording which ( driver or passenger ) they are. This WILL lead to a degredation of service, but allow for the model to continue.

They are not about the propagation of the business model... they are about making money. Which will lead to failure.

Comment 20 tanker ships out pollute every car on earth (Score 1) 395

Look you could reduce the pollution from cars to 0 tomorrow and the CO2 emmissions to nothing and you would not put a dent in the CO2 and pollution we produce as humans. Look we can all SEE cars , and diesel trucks and think look at all that stuff it just put in the air. The fact of the matter is one large tanker ship is equal in pollution output as 1 million cars. 1 ship : 1 million cars

the 80's got us looking at the wrong thing and our heads are still stuck looking at the things we can see.

http://www.gizmag.com/shipping...

http://en.wikipedia.org/wiki/E...

http://www.dailymail.co.uk/sci...

Comment Re:fathers (Score 2) 299

ahhh.... the science is not done on CRISPR-CAS9 -- it works -- kind of, 60% of the time. Oh and if the cell it touches is in the middle of mitosis all bets are off on what mutation it will produce -- oh yeah it also has big problems with gamete cells, you know eggs and sperm. Oh yeah that right it also has this other isssue with....

CRISPR-CAS9 works in a lab in a controlled environment. very controlled. the science is moving faster no doubt, but its not there yet.

the second they get it down pat, i would love for more efficient mitochondria.

Comment Re:Without workers power (Score 1) 437

Honestly the societies you listed had problems that communism was not the cause of

USSR - was in a arms race with the US, that it was never going to win, it pushed so much of it's countries production into making nukes that while it had thousands of more nuclear warheads than the USA at it's peak, it could do nothing else economically.

Those other counties listed - NK, Cuba, China ... the only reason they are behind is because they were locked out economic markets for being communist. Look at a map of the Marshal Plan participants ( European Recovery Program ), these are the most advanced technologically and stable economies in the world next to the US.

China never promised it's people an easy life, China's government promises it's people safety from invaders and internal stability. We have a hard time understanding this as a primary driving mandate in the US because we have a very different value system. We are culturally very different, if the Chinese did not like they're government then if they chose to rise to the occasion there are too many of them ( x billion ) to not topple any government on Earth, just saying ;-)

If you are stating that economic ability is - them getting close to the US - then China passed us a few years ago, and as there next half billion people move into the middle class they will be the only economic powerhouse on the planet... we in the US do not have the number of people to compete, our population is too small and this generation of rule makers do not like immigrants ( every generation has had a problem with this to be fair -- lookup Irish discrimination, Catholic discrimination, Italian discrimination - if your different and moved to the US recently the established blamed everything on you )

"In fact, their political policies reinforced* inequity," == as do ours in the US, where the middle class has been shrunk by half in the last 30 years due to changes in tax policy. Granted I like paying less in taxes, but I realize that as the more affluent pay less as well they get to buy more items for speculation purposes that raises the cost of items higher, like houses, cars, clothing, food, and travel, hotels, rentals and everything else. Their money flooding back into the economy has had good things happen to, like reinvestment, venture capitalism funding large gains in tech.

  At the end of the day, if we create a society in which 90% of work is done and can be done by machines or the people that program and maintain machines, how do we evolve our way of thinking about our, humans, place in society. If we can only envision usefulness in terms of economics we are doomed to displacing billions into poverty. And if everyone is poor not because they are unable, but because it make no economic sense to employ them we need to rethink money and the role it plays. People are starting to have this conversation more and more as the US the second biggest economy the former king of the middle class looses it middle class to poverty.

Submission + - Moonlighting: 6 month hunt for extra work

rraylion writes: Hello dotters, I graduated from a university, got my CS degree, am in my career job, and it's okay, but i need to broaden my skills, and need more money. So I figured hey, I create things for a living that as a skill a lot of people need. So I started looking for something to moonlight on as a side job. And I can't find anything... at all. I tried the code4money sites and those look unreputable, I look at telecommute sites and those look worse, which is scary. I would love to find a company, or a few companies that just need a few projects done and don't mind someone working part time in off hours. I wouldn't even expect a lot in terms of compensation, this is skill building, but I bring real experience to the table. Is this a unicorn I am seeking or is there a demand for this out there... if so where do I find it. I do MVC in .Net, C, java, SQL, javascript, a lil python — the usual you know. I can pick up anything and run with it. What am I missing, and where do I find it?

Comment Re: The US slides back to the caves (Score 1) 528

this is in legislature -- a bill -- not a law, the courts only see things that are about a law.

And the bigger picture - to me is the fact that the scientific method is the basis for analysis. It is one of the greatest tools we have to test ideas, and theories. And it being taught in grade school forms the basis of how everyone thinks through problems they face in everyday life.

I have an issue, I think it is caused by this. I change that parameter, does the outcome of the issue change. If so I have found the right parameter and need to address it.

That line of thinking was not standardized before the scientific process. And we are greater after it's refinement, and poorer to contemplate displacing it with nothing.

~So says the God fearing Christian. [me]

Comment Re:A partial success (Score 5, Interesting) 73

as with most satellite missions gone wrong -- its was the gyroscope.... remember it was replaced on Hubble a few times... its seems to be the weakest link in a lot of missions as it has to be a moving part to induce counter rotation in the satellite. it's only feasible to put so many on board ... so maybe a redesign of this one part will save future missions ... but maybe its time to think outside the box now that we know ion drives work a kg of propellant and three exhuast ports would fix this issue with new tech

Other than that it was an awesome mission.

Comment Job security (Score 1) 184

Unfortunately the government now funds NASA to find better ways of finding ever smaller pieces of space junk so that important items like the ISS don't get hit by stray debris.

How pissed would you be, to be one of the people at NASA or US Air Force on the project and then reading this story.... or would you be thinking "Hey,.. job security"

Comment Not so silly... (Score 1) 197

This is a comment from a scientist that I can only hope was taken out of context...

The most common systems contain one or more planets one to three times bigger than Earth, all orbiting much closer to their parent stars than Earth circles the sun, says astronomer Andrew Howard, with the University of Hawaii."

Of the planets we have found, from observation with Kepler mission are the ones with the shortest revolutions. Basically Kepler counts how many times the star dims and looks for a pattern ... every 90 days -- every 180 days... If Kepler was in Alpha Centauri it would not have been in operation long enough to find Earth yet if it was look directly at the Sun. It need up to 4 occurrences to be sure it has found a planet... it started in May 19 2009 -- If we passed in front of the Sun on the 19th --- it would not 'find' Earth until two week from now. Kepler has not been in operation long enough to find Earth yet ... so the claim that most planets are orbiting closer to the Sun than Earth is because it will be in the next two years that the planets that orbit with a similiar period to Earth start to show up... It the MAIN reason the program was extended to 2016 ... That way we will see the Earth like orbits and a few Mars like orbits.

Comment Re:AR, cyberpunk style (Score 1) 456

I learned how to lie and while still telling the absolute truth as a child as most of my friends did, where were you?

Robert Jordan's books series has magic users take a magically binding oath to never lie, and even though everyone in the world knows they cannot lie, no one trusts a word they say, because the truth can be twisted. Words can be weapons, and even if you know what someone said is the truth, it will always remain their truth, not yours.

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