ShcShc11

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Everything posted by ShcShc11

  1. 200$/month rental looks a pretty good deal especially if someone is considering changing wingsuits (e.g: going from a beginner wingsuit to a more complex one thereafter).
  2. United Europe my ass. "With this in mind, the most obvious point about the recent summit is that the “fiscal stability union” that it proposed is nothing of the sort. Rather than creating an inter-regional insurance mechanism involving counter-cyclical transfers, the version on offer would constitutionalize pro-cyclical adjustment in recession-hit countries, with no countervailing measures to boost demand elsewhere in the eurozone. Describing this as a “fiscal union,” as some have done, constitutes a near-Orwellian abuse of language."
  3. Understand that if the U.S wants to have a thriving economy, then it has to take the right procedures in order to correct it. This isin't a long-term structural problem. It is essentially a zero-bound liquidity trap that can be solved through spending. There are too many misconceptions such as: "You can't print money to solve the debt problem!". People take this at face value rather than judging the situations. A lot of us (the smart and intelligent ones too) have been wrongly taught and we are collectively suffering the consequences. Whether it is from the extreme left with Occupy Wall Street to the other extreme Tea Party (and most of us in the middle), they don't understand what is happening with the Economy at the moment. But like I said, what Europe is doing now is far worse than what the U.S has done so far.
  4. And one last thing: 'All this gives me an occasion to say more about something: why would I criticize Bush’s deficit-increasing policies, then call for more deficit-increasing policies from Obama? Part of the answer is the difference in economic conditions. Deficit spending is expansionary when the economy is in a liquidity trap; it does nothing but crowd out other spending when you’re not up against the zero lower bound, and the Fed will just raise rates to offset fiscal expansion.
  5. Speaking of Europe, this is very well summarized about the current situation (and the Euro summit of last Thursday and Friday). "With this in mind, the most obvious point about the recent summit is that the “fiscal stability union” that it proposed is nothing of the sort. Rather than creating an inter-regional insurance mechanism involving counter-cyclical transfers, the version on offer would constitutionalize pro-cyclical adjustment in recession-hit countries, with no countervailing measures to boost demand elsewhere in the eurozone. Describing this as a “fiscal union,” as some have done, constitutes a near-Orwellian abuse of language.''
  6. NO. This whole concept of "Government is addicted to spending" is the reason why the economy is still in a bad shape. Summary: Government printing money (spending more money) generates the demand needed and it is THE solution that was needed back in 2008-2009. Tax cuts on BOTH the rich and the middle class will not work because they will not spend the money. Middle Class will use the tax cuts to bring down their debt level. and everybody needs to learn this: ECONOMICS IS NOT A MORAL CONCEPT Spending sounds evil and immoral, but in a world where monetary policy is at the zero bound with very low 10 year interest-bonds, it is THE way to get out of this slump. 2008 Great Recession had a 2.5-3 TRILLION hole and we tried to cover it with a few measly hundred billion dollars to fix it. Learn from Japan 1990 Learn from Great Depression 1930s. ECONOMIC IS NOT A MORAL GAME! And this is why Europe has a very good chance of failing. Germany keeps making the European crisis a morality failure thus asking everyone to go for spending cuts in a time when Europe is facing a major and catastrophic deflationary crisis. If the U.S does not want to fall into the European trap, then they will have to spend. Else this decade will be similar to the 1990 Japanese "lost decade" era. When popular notions and myths of "Government is addicted to spending//spending is bad" prevails, we all lose.
  7. http://www.youtube.com/watch?v=_qeRaBaPRmk&feature=related About Oil. Summarized very well. Its not that we will run out of oil; but we are running out of CHEAP oil.
  8. Of course, jobs cannot be efficiently created or destroyed when some person or entity decides where money will come from and where it will go. For example, putting millions in the hands of some company to create jobs may be a good thing. It may run swimmingly well and be cited as an example of how great we are. Just like Solyndra. When policymakers decide where money should go and not go, and from whom it goes and should not go, it DOES create problems. I’ll put it this way, as I’ve put it before. There are four ways to spend money: (1) Spend your own money on yourself. In doing so you’ll get what you need or want for the best price. (2) Spend someone else’s money on yourself. In doing so, you’ll get what you need and want, to hell with the price. (3) Spend your money on someone else. In doing so you’ll get them what you think they need or want at the best possible price. (4) Spend someone else’s money on someone else. In doing so you’ll get them what you think they want or need and to hell with the price. Whether the government is spending other peoples’ money on the “1%” or on the “99%” the government is still spending other peoples’ money on other people. You'l understand how money works much more after reading this simple piece: http://www.slate.com/articles/business/the_dismal_science/1998/08/babysitting_the_economy.html You have to see the economy as an engine and money as the oil that helps run it. If there is something in the engine that doesn't work/stopped working (e.g: Credit freeze with the banks in 2008), there needs to be another entity to give it a boost. The Government is (unfortunately) the only one that can restart it. It will stumble a few times here and there, but its worth the cost/error as long as the engine runs again. The worst thing to do is to do it half-assed (stimulus too small in 2008). That's the basic summary 101 of it. But look in the bright side: Europe, Germany and the ECB are far more of a screw-up than the U.S.
  9. They don't create as many jobs. Money has to circulate in order to create jobs and if there is a demand problem (akin tot he 1930 and 2008 problem), then it won't create many jobs. It will help, but you're not getting your money's worth. This is zombie economics that has been debunked many times over, but it is still used because politics skewed the reality. Repeat a lie a thousand times and it becomes true. Liberals have no choice to have tax cuts because it is politically more viable. Fact is (will go slightly off-topic): Obama screwed up by making the 2008 stimulus too small. America had a 3 trillion$ gap and the stimulus (counting Federal boost with State cuts) were approximately lower than 400 billion $. 2008 stimulus needed approx 1.5 - 2 Trillion. This is unfortunately 1930s mistake all over again.
  10. What is exactly "cut in laterals"? I'm thinking of buying a Wings too, but so many options.
  11. Nah. It's that most women who skydive have at least a little bit of self esteem. Unlike those female hockey players. http://www.blogcdn.com/www.parentdish.com/media/2010/02/canadian-hockey-womens-beer-425ds022610.jpg Classy Female hockey players!
  12. The U.S healthcare is a double-edged sword. For the average Americans, they pay more and get less. The last health care survey placed the U.S about 35-40th place for AVERAGE care while paying the most. However, the U.S is the leading country in terms of pharmaceutical and medical advancements. If it wasn't for the U.S, drugs such as Provenge from Dendreon (for prostate cancer) wouldn't be researched. Very much-like the education system. Top-notch Universities in the world, below-average High School education for the average Joe.
  13. It may be just the opposite of what he intended. Sounds like many owners of these Supecars actually saved up their money and bought them. Quite different than his constant ranting about how the government should subsidize his lifestyle. LOL @ saved up money. Asian mentality on saving money includes on saving it for a rainy day/kid's education... not saving money for a Ferrari.
  14. Wingsuit landing seems like it will be in China. http://www.ustream.tv/recorded/18562883 Let`s hope it will happen soon enough!!!
  15. A definite random question, but I'm 21 and going through a job hunt in the accounting/auditing field and a question that is re-occurring is: "what is your hobby/activity that you do for fun?" Is it a good idea to mention skydiving? I'm a little weary to give the impressions to the firms (whuffos) and give them the impression I could get severely injured (death) after a few years working with the firm. Secondly, older partners (50 yrs old+) might perceive it as a rather juvenile activity? Just wondering. Thanks.
  16. First Solo dive is the best part of the AFF. Absolute feeling of freedom when there's nobody to do tasks you're unsure of. Time goes by slower too ("what the hell, I'm only at 9,000 feet??")
  17. I definitely read/watched all the benefits about skyhooks. But its a lot easier to digest when it comes from an unbiased source in order to form an informed decision.
  18. In terms of performance and malfunctions probabilities, what are the difference between a RSL and a Skyhook? Just how much altitude does the skyhook "save"? Is RSL more prone to giving reserves line twists or more malfunctions? Body position, etc...? I think a fear would be to have severe line twists in the reserve because of the RSL...
  19. wow thanks for the thread. I'm in the exact same situation. I want to purchase the Wing, but no skyhook
  20. OK one last question: I'm thinking of going with Wings containers, but they have a ton of options -Articulation (Hip Rings) -Spacerfoam Backpad/Legpads -Stainless Steel Hardware -Kill-line Main Pilot Chute -Hook Knife w/Pocket -Soft Reserve Handle -Cut-in Laterals Are any of these necessary from a safety point of view? All these options really makes one person go nuts.
  21. Ok To a point I agree but the alarmists are using AGW to push agendas, not science You wish to make this simple, Science is PROVING it is not. Scarce oil will happen. But not for a few generations. To say otherwise is only fear mongering IMO Cheap oil is however over.