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Mikhail Liebenstein

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Everything posted by Mikhail Liebenstein

  1. Somewhere the maths doesn't add up. My first house cost £132k 21 years ago, and I was on £55k basic and taking over a ton gross.
  2. The US stats don't take the weekend off. It will be higher for the UK tomorrow. Last time I checked the US had roughly 10x our deaths in 5x the population. The US has more obesity.
  3. GenX have been made to pay to inflate boomer property prices. Millennials just can't afford them.
  4. In the Windows run box, type cmd to open a Dos prompt, or in Linux/Mac open a Terminal/Shell Then type ping -t 3600 facebook.com repeat when the ping stops. If everyone does this we can keep FB down.
  5. Fingers crossed it stays down, hopefully a ransomware attack demanding $1Trn.
  6. Quite effect medium! Did we hit the iceberg by accident or sail full steam ahead?
  7. One source: https://www.pig-world.co.uk/news/industry-fury-as-arrogant-prime-minister-throws-crisis-torn-pig-industry-under-a-bus.html The issue according to an expert on LBC is due to a lack of abattoir space. Apparently Brits won't do the work. Sounds like Brexiters won't get their gammon.
  8. That isn't actually true from the historic base point. There were more boomers, but some have died off. The point being that these sort of actuarial factors are well understood, and therefore the boomers should have been making some provision for the fact that the upcoming Generation was relatively smaller during their working life, i.e the boomer carry ratio is higher for GenX than for boomers carrying the silent generation.
  9. Most of GenX got screwed on housing, and not all jobs pay well. I did well, earning £100k by the age of 26/27 at the turn of the Millennium, but a lot are still on £35k.
  10. Yes, as always the case. Efficiency, Efficiency. Not the immigrants creaming off the wages and lowering costs, its those at the top.
  11. Absolutely. BTW, this is why AI and machine learning models can work so well. Literally taking thousands, millions even billions of parameters, looking for the key parameters that determine an outcome. You can literally think of these as a multidimensional surface in hyperspace. Tensors are good!
  12. Good points. I see this nannying behaviour in my wife, right now we have a 17 year old cat that clearly had an issue either with diabetes or its kidneys as it started drinking gallons and urinating copiously - fortunately still in its litter tray. But she takes it to the vet, and rather than have it put down, spends the best part of £2k having it stabilised on a drip and then it comes home and needs twice daily insulin injections. In my book that is ridiculous, I actually stopped paying for pet insurance 6 years ago as once cats approach 10 the prices rocket. It actually cost more to cover 2 cats than for the 4 humans in the house.
  13. That said money can help with health. Lower stress is one thing. But being able to afford a bigger house also has benefits. I'm lucky enough to own a reasonably large house, 4 times the average size, and certainly 10-12 times some of the smallest. Walking over 6000 steps a day is a good predictor of future health. I do 8000 on a lazy day round the house just moving between rooms, I also have a well kitted gym. Ok people in small flats can go out for a walk, but do they?
  14. The illustration of selfishness can be made on both sides. Boomers have underpaid and now want free stuff, plus gold plated pensions. Millennials can't afford to live and want lower taxes and cheaper homes (probably with boomers leaving in a box). and in the middle GenX is pissed at having its ability to save for retirement clobbered by the Government through higher taxes, capped allowances and then being asked to wait until 67.
  15. A good summary. Much is self inflicted though the tricks to sell addiction are at fault too. The trouble is the bottomless pit is not viable. Looking at the Covid booster stats, 32m are eligible. Whilst some of those might be 56 year old boomers still working and a few with health issues that are working, it is clear that in 5 years time the UK will be stuffed!
  16. Nice summary. That is the entire problem. I think the UK is actually heading for bankruptcy of a sort. The demographics stink. In Norway they put all the oil receipts in a state run fund. Here we had less proportionate oil benefits, but a larger economy. The Governments, elected by the boomers chose not to save for their future. The boomers have simply not paid enough in to get the services they now want. The only trump they have, given so many are now retiring is property assets and the government seems to be ring fencing those.
  17. Most are takers, may be it should all be contributions based.
  18. That old canard. As we know that is really tax spent at the time. The issue is that the Government is technically insolvent.
  19. I do believe these things need to be paid for out of income. Right now everything is borrowing and we have a large generational overhang without sufficient workers to pay for it. Borrowing to treat a boomer might well deny someone ekse treatment in the future. I'm actually thinking hiusing assets should be used to pay fir some of this.
  20. The UK seems to have turned into a nation of whinging baby-boomers obsessed with their personal medical matters. I don't personally like Boris, but in the past politicians did focus on wages and economics. No it seens the debate has turned into a sort of Daily Mail medical supplement. https://www.dailymail.co.uk/news/article-10052941/Calls-Boris-Johnson-apologise-asks-Britons-focus-wages-NOT-cancer-cases.html#article-10052941 I do think as nation we are getting obsessed with things that let people take from the system instead of generating wealth to pay for it. Is this the problem?
  21. Well I agree two sided is too simple. I personally prefer multidimensional debates. In five-dimensional geometry, a 5-cube is a name for a five-dimensional hypercube with 32 vertices, 80 edges, 80 square faces, 40 cubic cells, and 10 tesseract 4-faces.
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