In other news... (humorous news items)

Seen something interesting in the news or on the intertubes? Discuss it here.

Moderators: Zamfir, Hawknc, Moderators General, Prelates

User avatar
PeteP
What the peck?
Posts: 1451
Joined: Tue Aug 23, 2011 4:51 pm UTC

Re: In other news... (humorous news items, etc)

Postby PeteP » Thu Jan 14, 2016 6:07 pm UTC

sardia wrote:http://www.npr.org/sections/ed/2016/01/14/462135458/pretty-girls-make-higher-grades
People are shallow and will give pretty girls higher grades. Effect disappears if you make them take the same class online.

Similar topic teachers in germany/switzerland/austria rated the (identical) answer for a physic problem lower if it supposedly came from a woman, interestingly that mostly disappeared for teachers with 10+ years experience. http://arstechnica.com/science/2016/01/give-teachers-a-physics-test-from-a-girl-and-theyll-give-it-worse-grades/

I think it would probably be a good idea to grade tests anonymously. Of course that does not work if participation or presentations are graded. (Also recognizable hand writing is a problem.)

Chen
Posts: 5576
Joined: Fri Jul 25, 2008 6:53 pm UTC
Location: Montreal

Re: In other news... (humorous news items, etc)

Postby Chen » Thu Jan 14, 2016 7:17 pm UTC

PeteP wrote:
sardia wrote:http://www.npr.org/sections/ed/2016/01/14/462135458/pretty-girls-make-higher-grades
People are shallow and will give pretty girls higher grades. Effect disappears if you make them take the same class online.

Similar topic teachers in germany/switzerland/austria rated the (identical) answer for a physic problem lower if it supposedly came from a woman, interestingly that mostly disappeared for teachers with 10+ years experience. http://arstechnica.com/science/2016/01/give-teachers-a-physics-test-from-a-girl-and-theyll-give-it-worse-grades/

I think it would probably be a good idea to grade tests anonymously. Of course that does not work if participation or presentations are graded. (Also recognizable hand writing is a problem.)


Interestingly male German teachers apparently showed no bias at all, whereas all the others did (including female German teachers). That's a little weird. I can't access the full article but I'd like to see the data. The abstract mentions "While the answer was exactly the same for each teacher, only the student's gender and specialization in languages vs. science were manipulated. Specialization was included to gauge the relative strength of potential gender bias effects." I'd be interested if that second effect (language vs science specialization) also had some sort of effect. They don't mention that it does, but it's not clear they were looking into it or not.

User avatar
bentheimmigrant
Dotcor Good Poster
Posts: 1366
Joined: Fri Apr 25, 2008 9:01 pm UTC
Location: UK

Re: In other news... (humorous news items, etc)

Postby bentheimmigrant » Thu Jan 14, 2016 11:07 pm UTC

Might belong in the other thread, but...

http://www.bbc.co.uk/news/world-australia-35308161
"Comment is free, but facts are sacred" - C.P. Scott

User avatar
sardia
Posts: 6797
Joined: Sat Apr 03, 2010 3:39 am UTC

Re: In other news... (humorous news items, etc)

Postby sardia » Fri Jan 15, 2016 12:59 am UTC

We might be able to tell you if you actually summarize what the link says or use a link with the title included. Right now you just look lazy.

User avatar
Deva
Has suggestions for the murderers out there.
Posts: 2041
Joined: Sat Feb 26, 2011 5:18 am UTC

Re: In other news... (humorous news items, etc)

Postby Deva » Fri Jan 15, 2016 1:05 am UTC

Above link wrote:Pictures of a male kangaroo cradling its dying mate in apparent mourning were widely shared this week and labelled "heartbreaking" in the media.

But a leading kangaroo expert says it was not grief that was behind the roo's attempt to revive its companion on a Queensland property, but sex.

Dr Mark Eldridge said the male kangaroo was trying to lift the female in order to mate with her.

He said there was no clear evidence that kangaroos did mourn their dead.

Dr Eldridge, the Australian Museum's principal research scientist said: "The evidence is here sticking out from behind the scrotum."

The kangaroo's wet forearms show that it was licking itself to avoid overheating, he said.

"Probably the whole situation is perplexing and frustrating for him, and he is getting… hot and bothered," he told the BBC.

Fits here.
Changes its form depending on the observer.

User avatar
Djehutynakht
Posts: 1546
Joined: Thu Feb 10, 2011 1:37 am UTC

Re: In other news... (humorous news items, etc)

Postby Djehutynakht » Fri Jan 15, 2016 3:47 am UTC

Aw. Beat me too it.


In other news Smugglers attempt to ship weed across US border disguised as carrots.

US Customs described the attempt as "creative".

User avatar
Coyne
Posts: 1101
Joined: Fri Dec 18, 2009 12:07 am UTC
Location: Orlando, Florida
Contact:

Re: In other news... (humorous news items, etc)

Postby Coyne » Fri Jan 15, 2016 11:32 am UTC

Djehutynakht wrote:Aw. Beat me too it.


In other news Smugglers attempt to ship weed across US border disguised as carrots.

US Customs described the attempt as "creative".

Officials find nearly 2,500 pounds of marijuana hidden inside 'carrots' ...has a much better picture of the carrots. Elsewhere on the web, it says these were made of orange duct tape.
In all fairness...

jewish_scientist
Posts: 1028
Joined: Fri Feb 07, 2014 3:15 pm UTC

Re: In other news... (humorous news items, etc)

Postby jewish_scientist » Fri Jan 15, 2016 1:24 pm UTC

BBC wrote:"The evidence is here sticking out from behind the scrotum."

I never thought I would hear that sentence in my life.
"You are not running off with Cow-Skull Man Dracula Skeletor!"
-Socrates

User avatar
Zohar
COMMANDER PORN
Posts: 8529
Joined: Fri Apr 27, 2007 8:45 pm UTC
Location: Denver

Re: In other news... (humorous news items, etc)

Postby Zohar » Fri Jan 15, 2016 1:33 pm UTC

Coyne wrote:Officials find nearly 2,500 pounds of marijuana hidden inside 'carrots' ...has a much better picture of the carrots. Elsewhere on the web, it says these were made of orange duct tape.

Look more like sweet potatoes to me.
Mighty Jalapeno: "See, Zohar agrees, and he's nice to people."
SecondTalon: "Still better looking than Jesus."

Not how I say my name

User avatar
SDK
Posts: 703
Joined: Thu May 22, 2014 7:40 pm UTC
Location: Canada

Re: In other news... (humorous news items, etc)

Postby SDK » Fri Jan 15, 2016 1:35 pm UTC

Pretty damn good job for duct-tape.
The biggest number (63 quintillion googols in debt)

User avatar
Diadem
Posts: 5654
Joined: Wed Jun 11, 2008 11:03 am UTC
Location: The Netherlands

Re: In other news... (humorous news items, etc)

Postby Diadem » Fri Jan 15, 2016 4:16 pm UTC

PeteP wrote:Similar topic teachers in germany/switzerland/austria rated the (identical) answer for a physic problem lower if it supposedly came from a woman, interestingly that mostly disappeared for teachers with 10+ years experience. http://arstechnica.com/science/2016/01/give-teachers-a-physics-test-from-a-girl-and-theyll-give-it-worse-grades/

I think it would probably be a good idea to grade tests anonymously. Of course that does not work if participation or presentations are graded. (Also recognizable hand writing is a problem.)

While this bias might exist, I don't think it is very relevant in everyday practice though.

Because in the real world you don't grade a question for one single person. You grade it for many different people, both male and female. So if such a bias exists, the need for consistency in grading will remove, or at least greatly reduce, it.

And as a secondary point: Personally when I'm grading stuff I never look at the names on tests (unless the student is doing particularly good or bad, and I get curious about who it is halfway through). I have the impression that most people I know who regularly grade stuff don't do this either. Grading tests is pretty repetitive work, so it's natural to optimize it as much as possible. But this is pure speculation based on anecdote, I have no real data on this.
It's one of those irregular verbs, isn't it? I have an independent mind, you are an eccentric, he is round the twist
- Bernard Woolley in Yes, Prime Minister

User avatar
sardia
Posts: 6797
Joined: Sat Apr 03, 2010 3:39 am UTC

Re: In other news... (humorous news items, etc)

Postby sardia » Fri Jan 15, 2016 5:22 pm UTC

My data shows you're wrong. It's systemic and you're affected by it as well.

User avatar
LaserGuy
Posts: 4582
Joined: Thu Jan 15, 2009 5:33 pm UTC

Re: In other news... (humorous news items, etc)

Postby LaserGuy » Fri Jan 15, 2016 5:59 pm UTC

Diadem wrote:
PeteP wrote:Similar topic teachers in germany/switzerland/austria rated the (identical) answer for a physic problem lower if it supposedly came from a woman, interestingly that mostly disappeared for teachers with 10+ years experience. http://arstechnica.com/science/2016/01/give-teachers-a-physics-test-from-a-girl-and-theyll-give-it-worse-grades/

I think it would probably be a good idea to grade tests anonymously. Of course that does not work if participation or presentations are graded. (Also recognizable hand writing is a problem.)

While this bias might exist, I don't think it is very relevant in everyday practice though.

Because in the real world you don't grade a question for one single person. You grade it for many different people, both male and female. So if such a bias exists, the need for consistency in grading will remove, or at least greatly reduce, it.

And as a secondary point: Personally when I'm grading stuff I never look at the names on tests (unless the student is doing particularly good or bad, and I get curious about who it is halfway through). I have the impression that most people I know who regularly grade stuff don't do this either. Grading tests is pretty repetitive work, so it's natural to optimize it as much as possible. But this is pure speculation based on anecdote, I have no real data on this.


The study claims that the effect goes away for teachers with 10+ years experience, so it could be a reflection on the fact that inexperienced teachers don't know how to grade properly. I'd suspect that you're far more likely to see this sort of thing if you grade tests vertically (ie. grade the test in its entirety before moving on to the next one) rather than horizontally (grade question 1 for everyone, then question 2, etc.).

KnightExemplar
Posts: 5494
Joined: Sun Dec 26, 2010 1:58 pm UTC

Re: In other news... (humorous news items, etc)

Postby KnightExemplar » Fri Jan 15, 2016 6:10 pm UTC

https://medium.com/shekel-magazine/odd- ... .qs9m6n346

A lot of BTC discussion going around the internet right now. But a meta-discussion about how VISA was actually the first decentralized network, and why VISA is therefore interested in BTC (a modern decentralized currency).

For actual BTC news... well, just know that blockchain size debate is raging on right now. Very curious. Here is one side of the debate, where a developer got so frustrated he just publicly rage-quit bitcoin.
First Strike +1/+1 and Indestructible.

Chen
Posts: 5576
Joined: Fri Jul 25, 2008 6:53 pm UTC
Location: Montreal

Re: In other news... (humorous news items, etc)

Postby Chen » Fri Jan 15, 2016 6:19 pm UTC

sardia wrote:My data shows you're wrong. It's systemic and you're affected by it as well.


The data in the article you posted applies to Austria, Germany and Switzerland. But it also seemed to absolve male German professors for some unknown reason. Hard to say its systemic everywhere when there's an exception like that.

User avatar
PeteP
What the peck?
Posts: 1451
Joined: Tue Aug 23, 2011 4:51 pm UTC

Re: In other news... (humorous news items, etc)

Postby PeteP » Fri Jan 15, 2016 6:36 pm UTC

That is the one I posted. sardias was about prettiness and grades.
sardia wrote:http://www.npr.org/sections/ed/2016/01/14/462135458/pretty-girls-make-higher-grades
People are shallow and will give pretty girls higher grades. Effect disappears if you make them take the same class online.

elasto
Posts: 3756
Joined: Mon May 10, 2010 1:53 am UTC

Re: In other news... (humorous news items, etc)

Postby elasto » Sat Jan 16, 2016 12:39 pm UTC

KnightExemplar wrote:For actual BTC news... well, just know that blockchain size debate is raging on right now. Very curious. Here is one side of the debate, where a developer got so frustrated he just publicly rage-quit bitcoin.

Wow. Very interesting. Had no idea any of that was going on.

From an totally uninformed outsider's point of view I always thought of Bitcoin as an experiment in that it'd be very unlikely for the 'first big thing' to have got all the tech issues solved right off the bat. In the tech industry it's not usually the first mover that wins out, it's the second mover who takes advantage of seeing the mistakes made and releases a polished, high-profile follow-up - Apple being the obvious poster-child for this strategy.

Google perfected search in much the same way and, in fact, creating a Bitcoin v2 seems like just the sort of thing Google would go and do; As in, it seems to fit with their public ethos much more than it would do, say, for Apple.

User avatar
Diadem
Posts: 5654
Joined: Wed Jun 11, 2008 11:03 am UTC
Location: The Netherlands

Re: In other news... (humorous news items, etc)

Postby Diadem » Sat Jan 16, 2016 5:08 pm UTC

sardia wrote:My data shows you're wrong. It's systemic and you're affected by it as well.

So according to you not only is my subconscious biased, it's also psychic? That's an ... interesting ... hypothesis.
It's one of those irregular verbs, isn't it? I have an independent mind, you are an eccentric, he is round the twist
- Bernard Woolley in Yes, Prime Minister

User avatar
sardia
Posts: 6797
Joined: Sat Apr 03, 2010 3:39 am UTC

Re: In other news... (humorous news items, etc)

Postby sardia » Sat Jan 16, 2016 8:00 pm UTC

No according to my link, the effect size is large enough that I can make a comfortable bet that you're also affected by the shallowness metric. This is in contrast to the other paper posted by someone else which showed different effect sizes. Standard qualifiers apply regarding needing more data. But that's quite a mouthful to explain to someone.

commodorejohn
Posts: 1180
Joined: Thu Dec 10, 2009 6:21 pm UTC
Location: Placerville, CA
Contact:

Re: In other news... (humorous news items, etc)

Postby commodorejohn » Sat Jan 16, 2016 8:21 pm UTC

First rule of discussing bias on the Internet: You are biased.
Second rule of discussing bias on the Internet: If you say you aren't biased, then clearly you're biased and just don't know it yet.
Third rule of discussing bias on the Internet: That's Science.
"'Legacy code' often differs from its suggested alternative by actually working and scaling."
- Bjarne Stroustrup
www.commodorejohn.com - in case you were wondering, which you probably weren't.

User avatar
ObsessoMom
Nespresso Bomb
Posts: 914
Joined: Sun Sep 29, 2013 5:28 pm UTC

Re: In other news... (humorous news items, etc)

Postby ObsessoMom » Sun Jan 17, 2016 3:21 am UTC

Chen wrote:
sardia wrote:My data shows you're wrong. It's systemic and you're affected by it as well.


The data in the article you posted applies to Austria, Germany and Switzerland. But it also seemed to absolve male German professors for some unknown reason. Hard to say its systemic everywhere when there's an exception like that.


From the article:

But things shift as teachers get more experience. The grades for females gradually go up, while those of males decline, and the gap is largely eliminated after teachers have a decade of experience. There was one exception to this rule: male German teachers. For some reason, their grading showed no gender bias regardless of teaching experience. (Instead, they graded everyone more harshly as they taught longer.)


So, as time goes by, male German teachers hate all their students more and more. This finding is consistent with my personal observations.

User avatar
sardia
Posts: 6797
Joined: Sat Apr 03, 2010 3:39 am UTC

Re: In other news... (humorous news items, etc)

Postby sardia » Sun Jan 17, 2016 4:25 am UTC

Please make sure you aren't confusing me with the other guy,PeteP, who posted a link on a similar topic.
Here's my direct source, and then the news article go with it.
http://pirate.shu.edu/~rotthoku/Liberty ... %20_v3.pdf
http://www.npr.org/sections/ed/2016/01/ ... her-grades
The study by Hernández-Julián and Christina Peters, both professors of economics, took place at Metropolitan State University of Denver, a broad-access university with a diverse student population.
No German professors were cited in this paper. I am curious as to why it fades for certain groups of professors in Pete's citation. Maybe a diminishing sex drive? How would this hypothesis be used to decrease sexism/shallowness? Have graded papers be replaced with randomized ID numbers?

User avatar
Diadem
Posts: 5654
Joined: Wed Jun 11, 2008 11:03 am UTC
Location: The Netherlands

Re: In other news... (humorous news items, etc)

Postby Diadem » Sun Jan 17, 2016 7:06 pm UTC

sardia wrote:No according to my link, the effect size is large enough that I can make a comfortable bet that you're also affected by the shallowness metric. This is in contrast to the other paper posted by someone else which showed different effect sizes. Standard qualifiers apply regarding needing more data. But that's quite a mouthful to explain to someone.

I don't care about the effect size. My comment was about the methodology. Having a single teacher evaluate a single question from a single student is not a realistic setting. It's not clear at all whether effects found in such a setting carry over to the real world.

In particular I can't be biased about a student if I don't know which student I'm grading. In my entirely representative sample of 3 teachers I asked this question, 67% indicated they did not read student names while grading. So unless you want to accuse these teachers of being psychic, whatever biases they might have about their students can not translate to a bias in grades.
It's one of those irregular verbs, isn't it? I have an independent mind, you are an eccentric, he is round the twist
- Bernard Woolley in Yes, Prime Minister

User avatar
PeteP
What the peck?
Posts: 1451
Joined: Tue Aug 23, 2011 4:51 pm UTC

Re: In other news... (humorous news items, etc)

Postby PeteP » Sun Jan 17, 2016 7:14 pm UTC

Sardia sorry about posting mine directly after yours it seems to lead to endless confusion.

Mambrino
Posts: 388
Joined: Tue Aug 02, 2011 9:45 pm UTC
Location: No we don't have polar bears. Except in zoos.

Re: In other news... (humorous news items, etc)

Postby Mambrino » Sun Jan 17, 2016 7:57 pm UTC

Diadem wrote:
sardia wrote:No according to my link, the effect size is large enough that I can make a comfortable bet that you're also affected by the shallowness metric. This is in contrast to the other paper posted by someone else which showed different effect sizes. Standard qualifiers apply regarding needing more data. But that's quite a mouthful to explain to someone.

I don't care about the effect size. My comment was about the methodology. Having a single teacher evaluate a single question from a single student is not a realistic setting. It's not clear at all whether effects found in such a setting carry over to the real world.

In particular I can't be biased about a student if I don't know which student I'm grading. In my entirely representative sample of 3 teachers I asked this question, 67% indicated they did not read student names while grading. So unless you want to accuse these teachers of being psychic, whatever biases they might have about their students can not translate to a bias in grades.


Is the name obfuscated on answer sheets (e.g. a numeric ID that varies from test to test)? If one can see the name, even if not 'actively' reading it, no supernatural forces need to be presumed. (Also, what about recognizing via handwriting?) Self-reporting is also notoriously unreliable ("Of course I am objective and I don't read the names before grading" -- there is a reason why double-blind testing is a thing) and anyway, those 33% who said they read them at least might have a similar bias as found in the papers.

Chen
Posts: 5576
Joined: Fri Jul 25, 2008 6:53 pm UTC
Location: Montreal

Re: In other news... (humorous news items, etc)

Postby Chen » Mon Jan 18, 2016 12:57 pm UTC

sardia wrote:Please make sure you aren't confusing me with the other guy,PeteP, who posted a link on a similar topic.
Here's my direct source, and then the news article go with it.
http://pirate.shu.edu/~rotthoku/Liberty ... %20_v3.pdf
http://www.npr.org/sections/ed/2016/01/ ... her-grades
The study by Hernández-Julián and Christina Peters, both professors of economics, took place at Metropolitan State University of Denver, a broad-access university with a diverse student population.
No German professors were cited in this paper. I am curious as to why it fades for certain groups of professors in Pete's citation. Maybe a diminishing sex drive? How would this hypothesis be used to decrease sexism/shallowness? Have graded papers be replaced with randomized ID numbers?


Yeah sorry I confused those two. They do seem at odds with each other though (granted different locations and all). I wonder how the prettiness effect works with the gender bias that we saw in the Austrian/Swiss/German science class cases.

Trapperkeeper
Posts: 11
Joined: Wed Jul 02, 2014 8:16 pm UTC

Re: In other news... (humorous news items, etc)

Postby Trapperkeeper » Mon Jan 18, 2016 7:53 pm UTC

http://www.foxnews.com/world/2016/01/18/worlds-62-richest-as-wealthy-as-poorest-half-report-says.html

This made me think of a competing story I would like to see run against it, "Poorest half of population consumes 112.9 million times as much food as richest 62" On a more serious note, I'm not one to believe that someone else getting richer hurts me. This article (from Fox surprisingly) almost seems to be arguing for an equality of results rather than opportunity.

article goes on to say:
The report said the super-rich are estimated to have a total of $7.6 trillion in offshore accounts, which means governments globally are missing out on tax revenues of $190 billion each year.


Which is very misleading since (as far as I know) most counties tax income rather than wealth. And keeping money offshore doesn't have much to do with income.

User avatar
sardia
Posts: 6797
Joined: Sat Apr 03, 2010 3:39 am UTC

Re: In other news... (humorous news items, etc)

Postby sardia » Mon Jan 18, 2016 8:00 pm UTC

When you keep money off shore, is easier to lie on your taxes. The lack of reporting plus the tax benefits that come with it are why tax havens exist. You don't think Ireland is actually a tech hub, do you? If there wasn't a financial benefit, nobody would give a penny to those backwater islands.

Chen
Posts: 5576
Joined: Fri Jul 25, 2008 6:53 pm UTC
Location: Montreal

Re: In other news... (humorous news items, etc)

Postby Chen » Mon Jan 18, 2016 8:13 pm UTC

Yeah using wealth as a measure here is misleading. Here a link to the Credit Suisse report they got their data from:

https://publications.credit-suisse.com/ ... AF9341D47E

Check out Figure 7. It appears that North America has almost 10x the amount of people in the poorest decile than China does. Europe even moreso. How is that possible? Because anyone who has more debt that assets (notably students) are in that poorest decile.

For reference, if you have more than $3210 in net worth, you're above 50% of the world's population. $68800 to hit the top 10% and just under $760k to hit the top 1%.

Trapperkeeper
Posts: 11
Joined: Wed Jul 02, 2014 8:16 pm UTC

Re: In other news... (humorous news items, etc)

Postby Trapperkeeper » Mon Jan 18, 2016 8:34 pm UTC

sardia wrote:When you keep money off shore, is easier to lie on your taxes. The lack of reporting plus the tax benefits that come with it are why tax havens exist. You don't think Ireland is actually a tech hub, do you? If there wasn't a financial benefit, nobody would give a penny to those backwater islands.


Not saying tax evasion isn't a thing.. but to take the total amount of dollars that are in offshore accounts and apply some % to them assuming they are all taxable is a bit dishonest.

User avatar
jestingrabbit
Factoids are just Datas that haven't grown up yet
Posts: 5967
Joined: Tue Nov 28, 2006 9:50 pm UTC
Location: Sydney

Re: In other news... (humorous news items, etc)

Postby jestingrabbit » Mon Jan 18, 2016 9:19 pm UTC

Trapperkeeper wrote:
The report said the super-rich are estimated to have a total of $7.6 trillion in offshore accounts, which means governments globally are missing out on tax revenues of $190 billion each year.


Which is very misleading since (as far as I know) most counties tax income rather than wealth. And keeping money offshore doesn't have much to do with income.


Look at the numbers involved. If you got 5 percent interest on 7.6 trillion, that gives about 380 billion. Tax it at 50%, which is an appropriate tax rate for income of that magnitude, and you get their figure. Its not taxing the wealth, its taxing the income on the wealth.
ameretrifle wrote:Magic space feudalism is therefore a viable idea.

Mutex
Posts: 1470
Joined: Wed Jan 09, 2008 10:32 pm UTC

Re: In other news... (humorous news items, etc)

Postby Mutex » Mon Jan 18, 2016 9:34 pm UTC

jestingrabbit wrote:
Trapperkeeper wrote:
The report said the super-rich are estimated to have a total of $7.6 trillion in offshore accounts, which means governments globally are missing out on tax revenues of $190 billion each year.


Which is very misleading since (as far as I know) most counties tax income rather than wealth. And keeping money offshore doesn't have much to do with income.


Look at the numbers involved. If you got 5 percent interest on 7.6 trillion, that gives about 380 billion. Tax it at 50%, which is an appropriate tax rate for income of that magnitude, and you get their figure. Its not taxing the wealth, its taxing the income on the wealth.


Isn't that called capital gains tax? I don't think it's anywhere near 50% in most countries. Although I'd agree capital gains tax should be at roughly the same level as income tax.

User avatar
jestingrabbit
Factoids are just Datas that haven't grown up yet
Posts: 5967
Joined: Tue Nov 28, 2006 9:50 pm UTC
Location: Sydney

Re: In other news... (humorous news items, etc)

Postby jestingrabbit » Mon Jan 18, 2016 9:46 pm UTC

Mutex wrote:
jestingrabbit wrote:Isn't that called capital gains tax? I don't think it's anywhere near 50% in most countries. Although I'd agree capital gains tax should be at roughly the same level as income tax.


Capital gains is when you buy something for x and sell it for y and are taxed on y-x.
ameretrifle wrote:Magic space feudalism is therefore a viable idea.

Mutex
Posts: 1470
Joined: Wed Jan 09, 2008 10:32 pm UTC

Re: In other news... (humorous news items, etc)

Postby Mutex » Mon Jan 18, 2016 10:16 pm UTC

jestingrabbit wrote:
Mutex wrote:
jestingrabbit wrote:Isn't that called capital gains tax? I don't think it's anywhere near 50% in most countries. Although I'd agree capital gains tax should be at roughly the same level as income tax.


Capital gains is when you buy something for x and sell it for y and are taxed on y-x.


Ah, like investing in real estate etc. Sorry got that mixed up. So does interest on wealth count as income and get taxed via income tax?

User avatar
sardia
Posts: 6797
Joined: Sat Apr 03, 2010 3:39 am UTC

Re: In other news... (humorous news items, etc)

Postby sardia » Tue Jan 19, 2016 2:10 am UTC

It depends on how rich you are. The rich convert everything to the lowest taxable rate. Everyone else has to pay what it is, either capital gains or income tax. For example, bond interests rates are income tax, but if you took that money, and converted it into a deferred payment, it would be capital gains. Google Romney and his wealth, it provides an insight as to how the rich get away with low taxes.

JudeMorrigan
Posts: 1266
Joined: Tue Jan 26, 2010 1:26 pm UTC

Re: In other news... (humorous news items, etc)

Postby JudeMorrigan » Wed Jan 20, 2016 7:23 pm UTC

Woo, we might just have nine planets in this solar system after all!

http://www.nytimes.com/2016/01/21/scien ... .html?_r=0

KnightExemplar
Posts: 5494
Joined: Sun Dec 26, 2010 1:58 pm UTC

Re: In other news... (humorous news items, etc)

Postby KnightExemplar » Wed Jan 20, 2016 7:33 pm UTC

North Dakota Sour Crude Oil is worth -$0.50 / barrel. Yes, negative, below zero. You are paid to take this blend of oil.

http://bakken.com/news/id/250770/worthl ... o-dollars/

This is a particularly poor blend of oil, but demonstrates why the oil markets around the world are shitting themselves today. The Oil / energy sector is in dire straits right now. In any case, the rest of us can live with super-cheap gasoline for the near future (and if the futures market is good at predicting anything... these prices are expected to remain below $50/barrel for light sweet crude well into 2020+). The financial fallout seems to be expected to be mostly negative, based on how the stock markets are reacting.

After years of trying to predict the next bubble (Tech bubble? Student loan bubble? Another housing bubble?)... it turns out that Oil was the next bubble. $150 / barrel oil prices are a thing of the past, as oil drops well below $30/barrel today
Last edited by KnightExemplar on Wed Jan 20, 2016 7:37 pm UTC, edited 1 time in total.
First Strike +1/+1 and Indestructible.

User avatar
Angua
Don't call her Delphine.
Posts: 5932
Joined: Tue Sep 16, 2008 12:42 pm UTC
Location: UK/[St. Kitts and] Nevis Occasionally, I migrate to the US for a bit

Re: In other news... (humorous news items, etc)

Postby Angua » Wed Jan 20, 2016 7:36 pm UTC

JudeMorrigan wrote:Woo, we might just have nine planets in this solar system after all!

http://www.nytimes.com/2016/01/21/scien ... .html?_r=0


Ah, the elusive planet X.
Crabtree's bludgeon: “no set of mutually inconsistent observations can exist for which some human intellect cannot conceive a coherent explanation, however complicated”
GNU Terry Pratchett

User avatar
SDK
Posts: 703
Joined: Thu May 22, 2014 7:40 pm UTC
Location: Canada

Re: In other news... (humorous news items, etc)

Postby SDK » Wed Jan 20, 2016 9:09 pm UTC

*Planet IX
The biggest number (63 quintillion googols in debt)

User avatar
Angua
Don't call her Delphine.
Posts: 5932
Joined: Tue Sep 16, 2008 12:42 pm UTC
Location: UK/[St. Kitts and] Nevis Occasionally, I migrate to the US for a bit

Re: In other news... (humorous news items, etc)

Postby Angua » Wed Jan 20, 2016 9:11 pm UTC

I prefer thinking of the X as being 'here be dragons' rather than as a stand in for 10.
Crabtree's bludgeon: “no set of mutually inconsistent observations can exist for which some human intellect cannot conceive a coherent explanation, however complicated”
GNU Terry Pratchett


Return to “News & Articles”

Who is online

Users browsing this forum: No registered users and 15 guests