HN user
The pension are presumably insured to cover their negligence and liabilities...including failure to properly notice employers/members of the fund in breach of their duty to do so, which resulted in damages. Otherwise it comes directly from the pension (which isn't just a fund made up of employer contributions, it is a business entity that takes fees from the fund itself)
If the pension didn't do their duty to warn businesses of the deficit in 2005, it should be on their heads to fund the deficit
The irony is the Pension claimed they couldn't notice the employers at the time (which would have given the opportunity to buy out for 1 Euro) because they would have had to research the contact info for thousands of employers...yet the Pension seems to have no problem doing the research now and noticing these employers of their Million+ Euro liabilities.
a Job isn't the only benefit of an education...an education is a benefit in and of itself. Society benefits from having an educated public. Society does not benefit from being in debt.
Your logic is as follows: if college degree doesn't get a job, then don't go to college.
Your logic breaks down because not going to college isn't going to get you a job either.
Even if you forgive all of the student loans and make college free, people still won't find jobs based on college.
Having educated unemployed people is bad yes, but its an infinite improvement on millions of educated unemployed people saddled with debt they will never in their life times be able to pay off.
I know its unfair and maybe even disparaging, especially my suggestion they would seed their own thing with bots...but the reality is the social network/SV startup well has been poisoned and so it would be my (our) own fault not to approach these things with a ton of skepticism.
Today, a new social app is launching. Called Friended...Friended has raised a $500K seed round from investors...
That is what it is all about.
They're selling people a solution to loneliness.
I'll one up you, they are selling hope. Odds are this will be seeded with a bunch of bots, and these lonely people may or maynot get some sense of temporary relief thinking they are interacting privately with someone else, when its really just a bot.
OK, so when the reporter specifically asks him if he'd drink the water in front of him, what's his least bad option?
Probably to laugh and say instead of "trying the water" he will see the water is sent to a lab for proper scientific testing and the results published to the public.
If your best answer is "We are adding diversity to the marketplace", then you're probably doomed. If you aren't better in some way (faster, cheaper, better tech, etc...)
We have seen it over and over in tech though...some small time founder starts something and then a VC back startup eats their lunch and takes the market (of course rewriting history along the way to say they invented/disrupted the market).
The sad truth is the answer to why a customer will choose us over established competitor is because...VC capital/your money. We will use VC capital/your money to out spend/out market our competitor because they can only grow as fast as their revenue, whereas we can artificially grow using your VC money, even to the point we can subsidize the price of our widget which the established competitor can't, we will grow our market share, even if at a loss because at any time we can "flip the switch and its all profit."
still the largest and most successful company to come out of SF this decade.
That's a lot less reflective of UBER and more reflective of the type of startups SV is trying to take public. Look at any other SV Unicorn that IPO'd...take Twitter that IPO'd in 2013, it turned a profit one year since going public.
This makes them _de facto_ nondischargable.
I have gotten student loans ($100k+) discharged for clients.
My experience is most people who say student loans are not dischargable have never gone through bankruptcy and have no idea what the process is to discharge regular debts nor student loans. This is true of even some lawyers, who are more than happy to take your fee, but don't know what they are actually doing.
Yes, that is the big tech talking point.
However, the reality is big tech needs customer data, customer data does not need big tech.
Generating wealth from employees, has nothing to do with generating wealth from customer data.
If what is of value is customer data, customers can and should own and control the entity generating the monetary value from their own data.
Although a tangent, its impossible to read this and not ask:
Why aren't all the big tech companies generating revenue from customer data...customer owned?
In classical education if you don't get a high paying job it's your problem not the university's because they've already been paid.
I don't think that "classical education", in classical education students were able to get part time jobs and pay their own way through school...there we no such things as student loans.
This concept of having to sell off parts of your future productivity at the ripe age of 17-18 is only being conceived because the federal government student loan guarantees and runaway artificial tuition costs supported have already imploded.
Nevertheless, these programs are not paid for/proposed by the universities themselves, but by investors...no matter what the college/university gets paid upfront, and they have no skin in the game.
I'm more interested in whether the broad coalition in congress exists
Seeing as no "mainstream" political party candidate is running on this platform, I think the answer is no. Of course, I would probably say the same of any campaign issue any mainstream candidate is running on due current political climate of our 2 party system.
Whats interesting is if this candidate won the election, perhaps the 2 parties would have no choice but to concede the issue, if for nothing else to realign themselves with their own constituents and win back their votes. Then again maybe we can extend the market saying "the market can remain irrational longer than you can remain solvent" to politics "political parties can remain irrational longer than you can vote."
I don't want to make it about politics or a politician, but you can search for their campaign platform proposal for additional details. As far as I know there is only one candidate running on this platform of student loan forgiveness, so it should come up quickly in a search.
Just realize going in what's actually possible and what's political marketing. Fixing this is going to take a lot more work on everyone's part than simply casting a vote.
You're not wrong, but at the same token why are Presidential candidates always speaking about things like: taxes; immigration; same sex marriage; healthcare?
The President doesn't control any of those things, doesn't have those powers...that's all the legislature.
While it may be just marketing for a candidate to say they will forgive existing students loans and provide for free education paid for by taxing the banks on what are currently tax free transactions...if that candidate wins, the 2 political parties will begin listening to voters and do what it takes to win their votes back.
I don't disagree with you, but I'll note that the non-dischargeable terms of medical and student loan debt in the USA essentially do that already
As a preliminary matter this is false...student loans are dischargable in bankruptcy, they are just treated differently than other debt. However, there is a reason everyone thinks student loans aren't dischargable and the myth persists...
the incentive structure of "we don't make money unless our education helps you do so" seems like an order of magnitude better than the alternative.
Not when the real alternative is student loan forgiveness and free tuition moving forward. The issue is framing the problem as student loans for life or a financier owning a % of your labor for life, when there are other models.
It used to be society wanted people to have an education and that people with degrees would get higher paying jobs which resulted in a net benefit to society through higher taxes.
Now education is just looked at as a way to in debt young people for the rest of their lives. Because 1M people default on their student loans every year and the bubble is on the verge of popping, the parasites are looking to own 10% of every dollar you make to finance your education.
The problem isn't that an API doesn't exist to automatically debit 10% from the people you own, the problem is an education doesn't get you a job anymore, much less a high paying job.
Instead of owning peoples labor via API, why not consider the 1 Presidential candidate who is campaigning to forgive all existing student debt and make college free moving forward by god forbid...taxing the same banks the taxpayers bailed out from bankruptcy just 10 years ago.
The Green Bay Packers are a not for profit...its the only team not privately owned by billionaires.
Yes the human microbiome consists of fungus in addition to bacteria, protozoa and viruses.
A PR person hired to promote ULA promoting ULA on reddit under 10 different pseudonyms: Completely unacceptable, this should probably be made outright illegal. The only purpose of using pseudonyms like this is to trick people into thinking you have support that you do not.
Isn't this how Reddit itself became a platform? I understand they had no traffic/users and the Reddit Platform was seeded with bots to post, comment, upvote, etc... This false illusion of a user base and community gave the platform the credibility it needed to gain real users.
Children growing up in this sort of environment will come to expect it from their government.
Public school systems and employees are the government.
Right, and by requiring a warrant to dig though my shit, at least there's one person with legal training who's ostensibly concerned about my constitutionally protected rights involved in the process.
That warrant isn't required to dig through your data...the warrant is only required to keep your data from being suppressed as evidence in court.
Sorry to hear all this, but glad it seems to be improving now.
I had a similar issue (and like you I was engaged in serious endurance training). I would also go to sleep early, wake up at 4AM without an alarm and knock out a 2 hour run. I ended up with pityriasis rosea (which is kind of a medical mystery in terms of cause but linked to viruses), and thereafter some sleep/hormone disruptions.
In addition to what you are currently doing to address the sleep issue, consider testing your microbiome. Often bacterial infections and viruses change the makeup of the microbiome which also has significant negative influences on hormone production/regulation. In my case gut health helped break the negative feedback loop.
Usually I’m up at 5am and can’t fall back asleep.
Do you drink alcohol regularly? Its counter intuitive but alcohol simultaneously prevents people from entering deep sleep and can cause them to wake up early.
I've been getting supplementation
Can you expand on this. Is this something like melatonin to help reset your circadian rhythm for sleep? Or supplements to jump start your pituitary gland?
I guess am curious is the pituitary shut down was caused by the lack of sleep, and getting the good sleep will reactivate the gland, or if the gland is an issue you are addressing with the supplements directly.
I've spoken with people who have said they are ok with it, when I start asking questions or sharing details on how this has been abused I tend to find they have not thought it through
In the future just ask them to unlock their phone and hand it to you so you can look at their email, text and browser history. Watch them hesitate and refuse.
Best is to avoid any judgment when it is not necessary
That is generally why >90% of all lawsuits in negotiated settlements without going to trial/verdict.
Typically jury of your peers, they are after all called the finders of fact.