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Comment Re:Do you hate poor people? (Score 1) 159

by Paradise Pete (#65708010) Attached to: Some Workers Are Turning To Pay-Advance Apps for Basic Expenses

I wouldn't ban the businesses, just cap their fees and the exorbitant interest rates that they (and the payday loan places) are allowed to charge. Of course when you have congresscritters and high party execs personally invested in that industry we all know that it's not going to happen.

The problem is not really the interest rates. These are short-term loans. If your mortgage was a short-term loan your calculated interest rate would be 200-300% because of all the fees.
The problem is that they let people roll over the loans by just paying the fee again, and they turn into long-term loans. They should require some principal payment every time, reduce the fee with each rollover, and strictly limit the number of rollovers.

Comment Re:So make sure you use your challenges (Score 1) 22

by Paradise Pete (#65679280) Attached to: MLB Approves Robot Umps In 2026 For Challenges

So teams that don't use their challenges, are penalized compared to teams that do use them. Of course, the other side of that coin is, if they use their two challenges too soon, they might wish they hadn't.

Some questionable calls are more important than others. Some would be so important that even a small chance of success would make it worth challenging. Others would need to be nearly certain to succeed to make it a good decision. There's a lot of luck involved in which situations occur.

Comment Re:Credit scores are not what you think they are (Score 1) 111

by Paradise Pete (#65668758) Attached to: Gen Z Leads Biggest Drop In FICO Scores Since Financial Crisis

Credit scores don't reflect how well you are doing. Their purpose is to tell lenders how well they can milk you. It's an indicator of how exploitable you are and many people out there completely miss this fact.

My credit score is well over 800 and I don't see how I'm exploitable. I haven't paid any CC fees or interest in decades, and have no debt anywhere else. But maybe I'm missing something obvious. Can you explain a bit? (serious question).

Comment Re:Everything About AI is Harmful (Score 2) 72

I have yet to see AI do anything actually useful, that couldn't be done with existing tools.

I take it you're not a developer. Used properly it's a huge time-saver. It does a lot of the grunt work while I do the thinking and planning and reviewing. I've been programming since 1980. After 44 years without it and 1 with it I wouldn't want to go back.

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