The post doesn’t account for the case where a suburb of Amsterdam breaks off from the rest of Netherlands and changes timezones… Then how do you know if the event was in the neighborhood or not?
My point is that this is an extremely niche case and works around one particular type of timezone insanity. You either have a team dedicated to dealing with timezone insanity, or you store stuff in UTC.
It's not something I was aware of until recently, but I was surprised that it was not more under the control of the government and central bank (in the UK, anyway, if it turns out it's different in the US).
Interestingly that paper from the Bank of England makes no mention of "fractional reserve" anywhere, but they do say:
>Another common misconception is that the central bank
determines the quantity of loans and deposits in the
economy by controlling the quantity of central bank money
— the so-called ‘money multiplier’ approach
>While the money multiplier theory can be a useful way of
introducing money and banking in economic textbooks, it is
not an accurate description of how money is created in reality.
Rather than controlling the quantity of reserves, central banks
today typically implement monetary policy by setting the
price of reserves — that is, interest rates.
>In reality, neither are reserves a binding constraint on lending,
nor does the central bank fix the amount of reserves that are
available
Anyway, I think I'm digressing from the topic a bit here - but I _think_ what I've learned recently is that in the UK it isn't actually fractional reserve banking, which I was surprised by.
>but I _think_ what I've learned recently is that in the UK it isn't actually fractional reserve banking, which I was surprised by.
The BoE doesn't currently impose a mandatory reserve requirement. They do have more general liquidity requirements though (central bank reserves being one possible source of liquidity). I would still see it as a fractional reserve banking system, especially as these minor differences don't matter for the question of how money is created.
Yeah I think that's a fair shout, the main element being that private banks create the money via loans. Thanks for engaging, I appreciate the discussion. One day I might grok how modern economies hang together, but I've a way to go yet.
VAT complicates the business environment for US companies operating in the EU, and it takes a major chunk of their margins. US doesn't have VAT and has a significantly easier business environment for EU businesses to operate in - leading to an unbalanced playing field.
VAT is just one component though. Remember that US largely subsidizes and sponsors the defense of EU, Ukraine, Taiwan, Japan, etc - but those countries have been giving less and less back, over the past years.
1) EU businesses have to deal with complicated sales tax arrangements that vary by state and municipality.
2) EU businesses have to operate in their own environment and also face the VAT. There is no protectionism here. The playing field with respect to VAT is balanced, regardless of which side of the pond is (...was) an easier business environment to operate in.
VAT complicates the business environment for EU companies operating in the EU too. You're demanding that American companies in the EU should be able to operate the same way they do in the US instead of complying with local laws, ie you're just demanding the right to bring your legal environment with you. Do you believe that foreign companies who open branches in the US should be exempt from US laws and be able to run themselves according to the law in their country of origin, at their US branches? I doubt it.
Completely false. Cost of VAT is passed on to consumers not met by companies and as EU companies pay VAT too it doesn't force US companies to lower prices and so harm their margins.
I have exactly this as well. My optician explained it as my brain would use the information from the lazier eye only if there wasn't any information from the good eye. Just tried the eyes crossed trick on the easy image in the article and the 3rd image in the middle is the right one. If I let them drift apart so there are 4 images I can see the left one and the difference (because I'd already found it), but as soon as I force them to overlap the left signal disappears and I'm only seeing the right image. I've also never managed to do a magic eye or anything, and 3d movies just give me a headache.
I seem to have the same thing. I can't get double images or any tricks at all.
I tried putting folded paper between my eyes to divide the images in such a way that I would only see left side with my left eye, and right side with my right, and I can alternate between image from left and image from right, but I can never see the image at once, or right side when I'm using my left eye.
>One section of the Bayesian Stability book related to the use of the moveable keel… and defines when it must be lowered. In this vessel’s case it was required to be lowered when using sails, and/ or when over 60 nautical miles offshore (regardless of whether sailing or only using engines). At all other times, it could be in the raised position.
Perhaps interesting for people, 'knots' is actually a measure of speed rather than distance and relates to the practice of counting how many knots in a line (rope) went over the stern of the boat during a certain time, giving the speed of the boat relative to the water (https://www.rmg.co.uk/stories/topics/knots-measuring-speed-s...)
Absolutely right. My first interpretation of that "something like 70 knots out at sea" was that it is the purported limit speed over which they must lower their keel. But that interpretation would be... improbable to say the least.
70 knots (~130 km/h, ~80 m/h) is ridiculously fast for a sailing ship.
I just checked and the fastest ever instantaneous speed reported by a sailing ship is lower than 70 knots. (68.33 knots to be precise)
I felt that I had misspoke with 'knots'! I only know miles, but miles are a land thing and I knew they used something else on the water. Should have checked sources!
> you don't need a license of any kind to listen to the radio.
I believe you did once upon a time, but I guess they were phased out as TVs became more popular.
>The first supplementary licence fee for colour television was introduced in January 1968. Radio-only licences were abolished in February 1971 (along with the requirement for a separate licence for car radios).
I absolutely love Chef John. Great recipes and the cadence of his speech on YouTube (foodwishes) is very soothing, while he cooks up something amazing. If you're a home cook I highly recommend his recipes and his channel.
Interesting, maybe it depends on when you were looking? Also central York and we popped outside just after half eleven and the aurora was very visible to the naked eye, not in full multicolour but very clearly not a cloud, quite thick and radiating out from a centre in the sky almost all the way down to the horizon. We have a reasonably dark place we can look from near us (and where we got some photos on a smartphone camera that show a sky full of vivid purples and greens) but I could see it clearly enough from right outside our house even with the bright led streetlights all around.
After 20 minutes it faded from view almost entirely and we went inside. I have no idea if it came back or what it was like beforehand, maybe we got very lucky or maybe it came and went through the night?
