It's a different form of guaranteed payout where their value is a multiple on the next round or buyout event.
Both guaranteed payout and multiplier are forms lowering your specific allocation of the evaluation so you get a larger payout vs the rest of that group or future groups.
An opaque method of ensuring investors get a huge payout at the expense of employees with ISOs that convert to common stock. Many startups refuse to share this multiplier with candidates, and will instead insist their equity grant is "competitive with the market" and "very generous."
I wouldn't be surprised if, despite the large-sounding acquisition sum of ~5b, many employees are getting their equity zero'd out and replaced with a back-loaded 4 year grant, with vesting starting today and no credit for time already worked.
If their representatives are voting against their interests, they should vote for someone else. If their representatives are trying but getting outvoted in Congress, why change them.
Usually the attorneys who handle this are not state level but county or city level. In general they have so many cases to handle that victims who don't want the case pursued will cause them to drop the case.
The US will pay its debts in USD and the German government will pay its debts in Euros. If you think the euros to dollar exchange rate will be better in the future, it can easily dwarf the difference in interest rate between the bonds.
How does that practically work out in selecting bond investments though? Betting on receiving euro coupon payments would look like buying BNDX over BND. But in the last year, while the Euro appreciated ~12% over the Dollar, $BND is up ~3% while BNDX is down ~1%.
International Bond ETFs are normally dollar-hedged.
There are some unhedged ones that are in the local currencies and better at tracking foreign exchange rates. e.g. BWX is an unhedged international treasury fund.
Does that mean the heat pump gets less efficient as the outside warms? Because that would be fine. 7kW to make you home a constant temperature seems wonderful.
Because if I am running a business I just want to be paid in money that I can pay my bills in. I don't want to have the additional task of managing rare earths and electronics inventory. That's not "a bit more work." It's running an entirely different business that I don't know how to run.
I think OP's point is that a "99 year lease" isn't worth very much without a firm guarantee that the least in fact lasts that long. I don't really have an opinion on land leases in the PRC, but it doesn't seem facially unreasonable to suspect that a foreign lease holder's land value wouldn't be a priority for China's leadership during an economic crisis.
This is on full display with the US's Venezuela problem: no one believes the US will hold it, so oil companies don't want to invest because last time exactly this happened - they had everything seized.
Imagine if you'd invested in lithium mining in Afghanistan 15 years ago: you'd likely have paid a lot, made little money, lost employees and then lost it to the Taliban.
I make a point of only using references that are either available for free online or through our university’s library subscriptions. These are all electronic. My open book exam became an open computer exam when I realized students were printing hundreds of pages just for a 3-hour exam. This semester I’m switching to no-computer, bring your own printed cheat-sheet for the exam.
I had a Continuous and Discrete Systems class that allowed open everything during exams. You could google whatever you wanted but the exam was so lengthy that if you had to google something, you really did not have much time to do it and would definitely not have enough time to do it a second time. I would load up a PDF of the chapters and lectures I needed and my homeworks for that unit with everything properly labeled. It was much faster looking for a similar problem you already did in the homework than trying to find the answer online.
Offer to make everyone espresso and macchiato with you GPU cooling module. They won't be able to hear the fan over the grinder and pump and milk foamer!
Except that the physical book isn't the way people lookup facts these days.
The open book test is purposes is to not have to know all facts (formulas) but proving how to find them and how to apply them. (Finding is part of it as the more you look, the less time you got to use it, thus there is an optimisation problem which things to remember and which to look up)
In modern times you wouldn't look those up in a book, thus other research techniques are required to deal with real life (which advanced certifications should prove)
Going to university isn't how people learn these days, so there is already a real-world disconnect, fundamentally. But that's okay as it isn't intended to be a reflection of the real world.
Observation? Children show clear signs of learning before they even make it through their first year out of the womb. Man, most people don't even consider university as an option until they are around 17-18 years of age, after they have already learned the vast majority of the things they will learn in life.
Data? Only 7-8% of the population have a university degree. Obviously you could learn in university without graduating, and unfortunately participation data is much harder to come by, but there is no evidence to suggest that the non-completion rate is anywhere high enough to think that even a majority of the population have step foot in a university even if for just one for day. If we go as far as to assume a 50% dropout rate, that is still no more than 16% of the population. Little more than rounding error.
Nothing? It's a random comment on the internet. It is not necessarily based on anything. Fundamentally, comments are only ever written for the enjoyment of writing. One trying to derive anything more from it has a misunderstanding of the world around them. I suppose you have a point that, for those who struggle to see the obvious, a university education would teach the critical thinking necessary to recognize the same. But, the fact that we are here echoes that university isn't how people learn these days.
> citing
Citing...? Like, as in quoting a passage? I can find no reason why I would want to repeat what someone else has written about. Whatever gives you enjoyment, but that seems like a pointless waste of time. It is already right there. You must be trying to say something else by this? I, unfortunately, am not in tune with your pet definition.
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