“It’s not about trusting, it’s about agreeing,” Biden said. “When you write treaties with adversaries, you don’t say: ‘I trust you.’ You say: ‘This is what I expect.'”https://apple.news/AqDu-7u_WScSnTeC1lm7Ldg
“It’s not about trusting, it’s about agreeing,” Biden said. “When you write treaties with adversaries, you don’t say: ‘I trust you.’ You say: ‘This is what I expect.'”https://apple.news/AqDu-7u_WScSnTeC1lm7Ldg
“…. some cities are certainly more dangerous than others.
With cities like Bridgeport recording the highest numbers of property crimes and violent crimes in the state’s history, we are not shocked that Connecticut houses two of the most dangerous cities in the country.
We are, however, surprised that this New England state is not one of the most dangerous states in the country.
And those are the recent numbers.
It is so important to open your mind to the vast opportunities in the world. To chase them and relive them.
It is also helpful at times to specifically “choose” to forget the specifics. Life is not some giant reality tv show. We all have to move on from the negative.
Hospitality industry jobs are f’d. Big time. You care. You need us/them/we. We take care of each other.
If you have never worked in the service industry, then you might not know that a Monday or Tuesday night (it varies by geography) are called “Industry Night.” And in every town there is/are one or two establishments that stay open a bit later and focus on catering to other professionals in the service field. If you are “industry”, special pricing and special consideration is given. And thus you ALWAYS tip your compatriots 20% or more. It’s an unwritten rule we all follow.
If you have never worked in the service industry, the people, like I was and still am, who behind the scenes make everything work smoothly, then their health, safety, economics and future, might not resonate with you.
But if you have always been served, and never the server, give it another 12 months and you will seriously care. Because you won’t have a pub or restaurant to go to.
“Nationally, hotel occupancy is hovering at around 50%, according to the American Hotel and Lodging Association. In urban areas, business may be even slower — in the 20% to 40% range.”
“Virtually all business travel has halted. … Conventions have canceled for the year, or postponed. Pretty much all we are seeing in hotels are the leisure travelers,” said Ed Grose, executive director of the Greater Philadelphia Hotel Association.”
I am not suggesting opening everything up and a return to the wishful and fictional recidivist memories of what makes America “great”. And I don’t have all of the answers. That’s the point; none of us do.
I am posting this as a former busboy, waiter, fill-in bartender-of-last-resort in my youth. It’s how you partially pay for college. Or at least it was for many of us.
I am proud to have kept the (your) cutlery and dishes sanitary and well rinsed, the industrial ovens and grills on giant wheels cleaned with just the right amount of industrial strength cleaners. The kind that eat into your skin if you don’t wear elbow length gloves. And again rinsed and washed so customers didn’t get sick.
You do your “industry” job “right” because it’s the right thing to do. And hey, don’t forget, we also eat and drink where we work. And we bring in our family and friends.
The food and beverage “industry” is honorable work. I’m proud to have done it for years. And I’m not too prideful to return to working in the industry of restaurants, bars, and hotels if I needed to. I bet the 6 AM prepper is still is terrified of paper cuts (tomato juice is a killer) and I bet they still slice the prosciutto last (it’s greasy so you do it last before cleaning the blade.)
In conclusion, as painful as it is to write this, we must *not* fully open the service economy back up until we solve COVID. All that will do is endanger, and sometimes, literally kill my friends in the industry.
And to achieve that, in a time of international crisis, the people in industry should not be forgotten.
For your own research: https://www.bea.gov/data/gdp/gdp-industry
We must remember our fellow American’s EARNED it. And by “it” I am not speaking of their “freedom”. The Constitution makes clear that Freedom is “God Given” and “Inalienable.”
Juneteenth was not the day that ended slavery. It was the day they learned that a wrong had been righted, and the truth had been withheld. Another lie to slowed the healing of America.
“My people have a country of their own to go to if they choose… Africa… but, this America belongs to them just as much as it does to any of the white race… in some ways even more so, because they gave the sweat of their brow and their blood in slavery so that many parts of America could become prosperous and recognized in the world. ”
– Josephiner Baker, legendary entertainer and activist
I believe in the power of freedom, in the power of truth, and in standing in solidarity with black Americans who to this day do not enjoy freedoms and laws that protect all of us. But are still enforced and applied unjustly and unevenly.
The next equivalent of Juneteenth in America, I predict, will be the day when White people get the news. When white people understand the news. News of what is already written, news of what is already the law of the land. We just have to acknowledge our equality and acknowledge we are far stronger as one nation.
Image description from wikimedia:
English: Josephine Baker and her 10 adopted children in a tour boat (President John F. Kennedy) in Amsterdam (the Netherlands), 4 October 1964Date4 October 1964SourceGaHetNa (Nationaal Archief NL)916-9642AuthorHugo van Gelderen (ANEFO)
When suddenly we are all on video chat much more than ever before, lighting becomes a big deal. When meeting with the boss or a client you typically want to look your best, which in the past meant wearing your “power suit” – the clothes you felt made you look your best!
In the age of Agile Meetings daily and constant Zoom meetings, you are probably “seeing” clients and your boss more than ever! So you want to look your best. The secret is pretty simple: lighting. And it doesn’t have to be expensive.
Without any lighting hacks, I look like this (taken same day, same time, just without the bouncing light.
This is the concept of what we are trying to achieve. A *cheap* studio lighting setup using as many existing props as we can. Awareness of your lighting and placing a book in the coffee shop window to reflect light up for those early video conference in SOMA can make all of the difference. For now, let’s just look at your home “work spot”. This is the goal along with a few obstacles.
For me, this is what I had to start out with. And how I managed to put together a solution using just one “flood light” reflecting off the ceiling and other readily available lighting sources, and hiding all of the actual junk that lives in my workshop/office/cave. And I have most of it out of frame even in this photo – suffice it to say I need to clean the place.
I’m not saying either photo is great, but the top photo is definitely the winner out of the two. Especially when you consider that the screen capture was taken in my workshop/office chaos, I don’t think this is a bad, non-cluttered result.
While mine is attached to a studio tripod, it could just as easily be attached to the wall or a chair, whatever, as long as you can point it UP so it bounces off the ceiling and walls.
So there is your “can” light with the clip and the flood reflector. Now to bounce a light off of the ceiling. I’d recommend LED first and foremost. Energy efficient and MUCH COOLER. Lighting in a studio can get very hot. You want the equivalent of at least 75 watts to 100 watts. Plus most LED is much cooler and most are frosted and that is part of the goal, diffused softer lighting.
If the can light is 10 bucks, say the LED flood light is 10 bucks, you have gone from zero to being an active participant in the ZOOM meetings!
It’s a power suit. If you think lighting isn’t complementing your appearance, talk to a photographer because it just means the lighting isn’t set up properly. Or google it. But I promise you don’t need a $1000 ring light or something.
Bonus: minor details you might have missed.
Pro tip: Drink warm water. Cold water can give you frog throat. And use a good quality microphone. Don’t get a $10 headset at walgreens. Spend the money on a good headset or your voice will sound tiny and nobody can hear you.
In Houston the Coronavirus (COVID-19) response has been quite aggressive. And as the third largest metro area in the US, it should be. I get it. Mostly we are quarantined in place except for grocery store runs and emergency needs. (And we can walk the dog, but that’s about it.)
The paper section in the Walgreens across the street looks like this
This led to research on what we could do and turned up two interesting pieces of knowledge about the coronavirus.
A) How long is the coronavirus contagious or viable by surface. As in how long can it be there and still infect you?
They don’t mention wood, which maybe varies by paint, varnish, etc.
Copper is the winner. Cardboard three times better than stainless steel is bizarre as well.
Next up, if you can’t get a mask for when you do go out, how do other materials compare to a medical mask?
Clean vacuum cleaner bags were a close second to surgical masks, but in the end they conclude you can barely breath through them so use two cotton “tea towels.”
Thus began an insomnia driven test to try and create a coronavirus diy mask from a tea towel with no power tools. It started like this:
Then the build process using paper as my makeshift mold.
The Ghirardelli chocolate and wine are a tip of the hat to my friends in San Francisco on complete lockdown. Those aren’t technically necessary to make the DIY coronavirus mask, although they do help.
In the above photo the template is overlapping and kind of mushed into the real mask so I could get an idea of the shape of the masks. They are not circular because your face isn’t a flat circle either.
Then a whole bunch of adjustments and cuts happened at the fabric level during hand sewing. The SINGER iron stick is a temporary way to hold fabric together, but definitely not strong enough to be a permanent join. But it’ll hold it together long enough for you to stitch it up.
The straps on my version are the edges of the towel because I didn’t have any elastic bands that long, and if people in countries with limited supplies available, the straps seemed more realistic.
It’s hard to tell in the photo above but between the two layers there is a small wire bent to the approximate shape of the bridge of my nose just like the more flexible one that comes on the real masks.
And the final result
It looks amateurish, I look ridiculous, but it’s waaaaay better than taking the BARTT in SF and wondering if the person coughing is giving you an infection.
Update: I received some questions about what I used for the metal “nose bridge” so I’m adding further details.
For me (easier way below) I go by autozone at the end of a rainy day and pull the broken / discarded windshield wiper blades. If you rip them apart there are two thin, but very sturdy, pieces of metal attached to the rubber part. (they make great tension wrenches.) mine looks like this when sewn in place in between the two layers of the cotton kitchen towel.
Easier alternative: bend paperclips like this:
Pro tip: when I do a DIY project like this I usually hand sew them using dental floss. Yes “Dental Floss” because it’s always around and stronger than most threads.
Now we see fears and the reality of coronavirus hitting the markets hard.
I’ve said it before, so this is repetition, but worth repeating. Stock markets move on emotion much more than the fundamentals. Companies are overvalued because there are more people with more money in pensions and the money has to go somewhere.
I also highly recommend this informative thread on twitter regarding research on coronavirus so we can all hopefully keep it in perspective. It’s linked with more detail on my linkedin at https://www.linkedin.com/feed/update/urn:li:activity:6641792800314675200/
We all know what cyrpto currency assets are at this point, but to correlate current events with the role of International Central Banks and International Trade is indeed complex. This presentation was for the Luxembourg American Chamber of Commerce in New York City. It does assume a baseline understanding of international finance and the role of Central Banks, Securities and International Trade.
Some highlight slides followed by the embedded presentation from slideshare. Note: these are NOT all of the slides from the presentation, so be sure to view the embedded presentation on cryptocurrency on linkedin.
An excellent read on this topic is the conspiracy of paper.
The following slide is CRITICAL to understand the differences between how Central Banks functions versus how Cryptocurrency functions. Although people are working on options that reduce the all-or-nothing nature of the change. (see slidedeck for more)
OK, WHAT IS CRYPTOCURRENCY?! Speak English Please!? This is the way I try to explain cryptocurrency in plain language so that normal people can understand it. This is the simplified explanation of cryptocurrency:
Where does cryptocurrency come from and why should I care anyway? Let’s start with the “who makes this stuff?” question. Because that is the important part. It’s all about CONTROL.
The above slides highlight some of the critical slides in the presentation on slideshare on cryptocurrency as presented to LACC-NYC by Ed Schipul. The presentation, with some sensitive slides redacted, is embedded below.
You can access the CryptoCurrency Presentation directly on slideshare at https://www.slideshare.net/eschipul/cryptocurrency-lacceschipul
Note: This was sponsored by Tendenci – The Open Source AMS (Association Management Software) and the Luxembourg American Chamber of Commerce of New York City is a Tendenci client. The presentation was done at no cost for LACCNYC and I did not, and the company did not receive any compensation. I just like economics, associations, and crypto in addition to my various other interests. (Although to be fair, I have made some $$ from crypto trading from studying patterns in publicly available data sets. I mean, why learn ML/AI if you can’t use it a bit….)
From the article, (and I believe we are already there):
“A major blunder would be pushing too hard with financial punishments, and incentivizing Moscow and Beijing to bypass the U.S. trade and monetary order.
When the dollar’s primacy materially dwindles, that will be game over in the balance of power with the East.”
If people don’t realize cryptocurrency “payment channels” (basically like a purchase order between merchants – settled up later but pre-approved) is a threat to the petrodollar, they are mistaken. The USD is nothing more than what we would call “proof of stake” in the crypto world. The Fed is the issuer, the stake.
Energy traded based on a proof of stake crypto currency pinned to the future value of a fiat currency in, say 30 days, via a smart contract could replace the influence of the US at a global level – I believe you are mistaken.
Short version: Lightning Network for Bitcoin is a good thing that makes it more economically viable as a real currency for merchants. But it does not come without consequences.
Long version: In programming, simple is good. To understand the Bitcoin Lightning network you first need to get a grasp of cryptocurrencies. I like simple so here goes:
You’ve got a diamond and a clipboard. That’s it.
So how does something so simple become so complex? Well, because us geeks can’t use normal words. So let’s focus on human-speak.
Accountability – In crypto, there is something called a blockchain. The blockchain is just a ledger. That’s it. It’s a clipboard saying who has the diamond.
Value – Scarcity. Diamonds are rare. Or, with crypto, it’s a big math puzzle that limits how fast those objects can be created.
Mining for diamonds. They are scarce. People like them.
is the same as
Calculating the next value of PI, a really big math problem that takes time. Scarcity. **
As Crypto Currency is to Diamonds, BlockChain is to Clip-Boards.
That’s really it. That’s the whole thing. Any value in that object is purely in the mind of humans. So why so much ado about nothing?
Well, Bitcoin comes along and provides both scarcity (big difficult math problem) and tracking (blockchain ledger) and allows them to be done anonymously.
Yup, to be blunt – transactions are slow as heck. And the user interface is full of jargon from people like me who speak in some other language. And to be fair it does get technical. Ignore that for now.
The Bitcoin Lightning Network release. It’s kind of a big deal. It might just make BTC “do-able” for micro-payments again.
Example: You can’t buy your “$7-super-misto-double-shot-of-espresso” from Starbucks with bitcoin if you have to pay coinbase a usurious $30 transaction fee.
Thus, the BTC Lightning Network matters. Innovation is incremental. First the Internet, then the web.
SAN FRANCISCO — Last year, representatives of 25 countries met in Tokyo to work on setting international standards for the blockchain, the technology that was introduced by the virtual currency Bitcoin and has ignited intense interest in corporate and government circles.
Some of the technologists at the meeting of the International Standards Organization were surprised when they learned that the head of the Russian delegation, Grigory Marshalko, worked for the F.S.B., the intelligence agency that is the successor to the K.G.B.
They were even more surprised when they asked the F.S.B. agent why the Russians were devoting such resources to the blockchain standards.
“Look, the internet belongs to the Americans — but blockchain will belong to us,” he said, according to one delegate who was there. The Russian added that two other members of his country’s four-person delegation to the conference also worked for the F.S.B.
The kids are smart. The resistance will be distributed. #CLOUDact just accelerates this. #neveragain #mastadons @tendenci
The FCC has repealed Net Neutrality as pressured by Congress and the President. Just … wtf?
HOWEVER: Note: Congress just passed a tax law nobody really understands. And economists have no idea if the projections are in any way realistic. They literally do NOT know what will happen, just that they lowered corporate taxes and eliminated the health care mandate. I’ll get back to that topic.
To distract all of us, in obvious post-dystopian style, they repealed NetNeutrality. Hence everyone who cares about equality and has a voice is now distracting everyone from the tax bill which reduces equality further. #awesome
Here are …. well at least as many as they can figure out, the congressmen who voted for it and just how much money they were paid to do it.
Net Neutrality works like this.
You go to the gym. You pay for a gym membership. The gym is a business and it’s gotta pay the bills. I’m cool with that. When you lift, there is etiquette.. but basically we all share the same machines or weights. Sometimes we have to wait in the same line if the gym is busy. That’s life.
Or…. if you are poor. Or small. Or different. You can only use the first three machines and you have to wait to do it.
If you are middle class,
BONUS ROUND! – If you are in Government or RICH you get to use all 500 machines at the gym with no wait.
The site https://www.battleforthenet.com/ describes it like this;
Cable companies are famous for high prices and poor service. Several rank as the most hated companies in America. Now, they’re lobbying the FCC and Congress to end net neutrality. Why? It’s simple: if they win the power to slow sites down, they can bully any site into paying millions to escape the “slow lane.” This would amount to a tax on every sector of the American economy. Every site would cost more, since they’d all have to pay big cable. Worse, it would extinguish the startups and independent voices who can’t afford to pay. If we lose net neutrality, the Internet will never be the same.
They literally just broke the Internet. #WTF
I’m speechless. Excuse the pun. But feel free to google a few terms.
And the tech sector should realize it’s own values: if Apple doesn’t think it’s worth a few Billion Dollars of repatriated earnings to defend Net Neutrality and support the EFF, if Zuckerberg doesn’t buy his own congressmen, if Microsoft doesn’t use it’s leverage to defend free speech, then Silicon Valley needs to accept that WE ARE PART OF THE PROBLEM.
Make no mistake, say “pro business” and then create “market uncertainty” and you get a LOT less job creation. Wall Street Journal last weekend. Data is data. Constrict capital and people like me can’t create jobs even if we want to.
The headline? It’s incorrect. Ask anyone – what happens when people lose access to capital? #duh
I recently posted a link on facebook to Sci-Hub.io. Known as the Pirate Bay of the science world created 2011 by neuroscientist Alexandra Elbakyan. After posting the article link to FB there was one single response. A response that seemed to imply the pirate site was childish theft. That it was an “I want everything for free” attitude. It’s hard to argue otherwise. Us and our first world problems.
Taken from a behavioral perspective, if you recall, before the itunes store made buying songs easy, everyone downloaded them for free. Before the kindle made downloading books electronically cheap and convenient, everyone downloaded them for free. Make it convenient or someone else will make it really convenient!
First, what is sci-hub.io ? From the article “Researcher illegally shares millions of science papers free online to spread knowledge” by FIONA MACDONALD:
A researcher in Russia has made more than 48 million journal articles – almost every single peer-reviewed paper every published – freely available online. And she’s now refusing to shut the site down, despite a court injunction and a lawsuit from Elsevier, one of the world’s biggest publishers.
For those of you who aren’t already using it, the site in question is Sci-Hub, and it’s sort of like a Pirate Bay of the science world. It was established in 2011 by neuroscientist Alexandra Elbakyan, who was frustrated that she couldn’t afford to access the articles needed for her research…
Maybe I had a knee jerk reaction of vindication seeing this research become freely available after the tragedy of Aaron Schwartz’ suicide in 2013 from overzealous persecution for accessing JSTOR documents from the MIT network. I’m seriously wondering if JSTOR is trying to make sure Martin Shkreli quits dominating the “evil capitalist stories” the media likes to write.
And to be clear, I walk the talk. Our company’s product is Tendenci – the Open Source Membership Management Software (on github too) and most of my photography is creative commons attribution
as seen used in this publication below fully within copyright laws with attribution. We can play nicely together.
JSTOR’s purpose after all is to;
JSTOR was founded to be a shared digital archive serving the scholarly community. We understand the value of the scholarship and other material on the platform and that the future accessibility of this content is essential. Libraries around the world rely on us and contribute Archive Capital Fees to JSTOR for preservation activities.
To understand a Russian academics perspective, this data I found on the Internet for free, says that the overall average monthly income in Russia in 2005 was a NET total of $263 per month. Now that $25 JSTOR article for which the author was paid nothing by JSTOR is 10% of that Russian student’s monthly income.
That kind of changes your perspective a bit, huh?
I can and do understand why people would immediately view sci-hub.io as theft. Except for academics this just isn’t a black and white issue. There are a few differences.
I can’t afford to pay $45 for every research paper I want to read knowing the research was funded by federal grants, underwritten by the University and the authors were not compensated.
Why not bring the economics down to the level of the app store?
How does JSTOR add value if they don’t pay the authors and didn’t write the content? Their answer is “peer review and legitimacy,” but those can now be conveyed on the internet. Aren’t there other solutions?
Why can’t we sign a peer review article with a blockchain? It’s not just jstor but modern academics that haven’t kept up. Being a non-profit doesn’t mean you get to ignore everything that is going on with economics via externalities.
I’ll leave those thoughts for y’all to ponder. As for me I discovered a fully legal work around for when I wanted an academic article years ago. And here it is:
Problem: writing a research paper for a national PR Magazine on “Intrinsic Motivation and Extrinsic Incentives”. Solution:
And the bottom line is the TOPIC I was interested in in a peer reviewed science journal as recent at 2014 was downloaded within 5 minutes. It takes me longer to print it than find it. Not that sci-hub.io probably couldn’t do it even faster. And that is a good thing for the globe. Now back to reading….
… In our study area, despite the potential of infestation of opportunistic behaviors by workers, a fixed wage (FW) contract has been dominant for rice planting since the 1960s. To account for this puzzle of a seemingly-inefficient contractual arrangement, we adopt a hybrid experimental method of framed field experiments by randomly assigning three distinct labor contracts, i.e., FW, individual piece rate (IPR), and group piece rate (GPR) contracts and artefactual filed experiments to elicit social preference parameters. Through the analyses of individual workers’ performance data from framed field experiments and data on social preferences elicited by artefactual field experiments, Three main empirical findings emerge. First……
Life can be complex. But I got what I wanted, I didn’t use it because after scanning it it wasn’t the article I was looking for. It sent unused, I didn’t pay for it, but I also threw it away, but mainly I acquired it and came to that decision faster than I could have typed in my credit card number to buy it from JSTOR.
In this case the economics didn’t match the need. I solved it for myself, and sci-hub is apparently solving it for millions. Open our minds and find a better optimum solution. We can and should do this.
The digital divide is not only between the digital natives and the elders, between the digitally enhanced and the not, between the glassholes and the blind, but also over time. There is a time we cannot imagine anymore and those from the past could not imagine accurately the future. Hence our (my?) love of Steampunk, historical visions of the future (past).
The big divide occurred when a third “item to be carried at all times” was introduced, an idea that I cannot properly attribute as it has sunk into our consciousness so deeply the origin is now a mystery. The third item? The first two “items to be carried at all times” being (1) something of value (cash) and (2) a method of accessing something of value (key, credit card, secret code). Every human has had these two on their person at all times without fail since the great leap forward, to quote Guns, Germs and Steel.
More importantly, these devices don’t just facilitate communication; they change how we interact at a systemic experiential level. We didn’t just watch American Pharoah (sic) win the Triple Crown, we recorded every second of American Pharoah trotting around Belmont Park. Because…
“If you don’t have a pic, it didn’t happen.” – anonymous
Further irony? Here in meta-meta-meta-land, I took a picture of the HD TV of people taking video and pictures as American Pharoah’s victorious Triple Crown bid was broadcast into my living room. Then combined it with an image from google image search on my mobile device while waiting at a restaurant. To capture the right image I used a Tivo (now a generic word like Kleenex) to rewind and jump forward prior to the start of the race for half of this cell-phone-crowd-picture I first posted on Instagram.
Here is to history and a wonderful victory for American Pharoah winning the triple crown after a 17 year drought. And here is to the amazing human which adapts and evolves in front of our eyes in real time. We don’t have hover-boards, but the revolution is here and indeed it will be televised; on periscope.tv.
Now get out there and record something and post it to prove it happened and let your devices consume you. Because that is the future. It’s your destiny kid.
Car Dealership Franchise Agreements are Government Sponsored Monopolies. Oh please. Stop that 2k tax per car per family. Yes, I said it. For that matter so is the NFL, the NBA, the NHL, etc…. so let’s just call a Spade a Spade. (And speaking of “Spades“, while not a gambler myself, the last time I checked the casino industry was more open to competition than car dealerships. Go figure.)
If you want to save about 2k per car purchase – check the link on car dealership monopolies … It’s about time the monopoly of dealerships was seriously threatened with…. um….. CAPITALISM. FREEDOM. APPLE PIE. THE AMERICAN WAY. So why do we have socialized / monopoly car franchises? History and cronyism my friends. No. Other. Reason.
Free Enterprise is a good thing folks. I recognize the need for regulation (the tragedy of the commons) to protect our commons (no Benzene in the rivers for example – that’s a good regulation.)
But can’t we let competition keep up with technology? Why can’t I buy a car direct from the manufacturer? Name one rational reason besides protectionist laws from the stone age? (with apologies to my friends who might still be at UCS or ReyRey).
I work on the Internet. The speed of innovation is so radically fast and the threats to your business model are constant. And our business is 17 years old because WE ADAPT. Yes, people who can’t adapt that fast leave the company, but…. you know, it’s called competition for a reason. Adapt or die unfortunately.
So it will be interesting to see which manufacturer invalidates all of it’s franchise agreements with the dealerships first by allowing direct sales. Because whoever does it first, those dealerships will sell the MOST cars.
Yes, at first the dealers will be upset, and then, it’ll be alright. Everythings gonna be alright. And dealers know they make most of their profit from Parts and Service anyway. (OK, and Used Cars & F&I but we can’t fix it all at once I guess.)
Via Irish Central
“I think Irish people, generally, are a little wary of emigrants. Emigration is so much part of Irish life. We speak very well of people who go away and do well. But we get a little concerned when those people come back and tell us how things could have been done better. As Richard Harris tells Tom Berenger in [the film version of] The Field, “Go home, Yank. Go home.“ There’s an element of that in Irish life. And I think official Ireland ““ and by that I mean not the agencies but Dublin, be it government or public sector ““ is struggling to figure out the next leg of this Diaspora thing.”
He stated there was a European bias in Ireland that militated against the American Irish contribution.
“Official Ireland is very European focused. They’ve been working as part of the ECC and then the EU since 1973. This may sound politically incorrect, but the vast majority of the Irish Diaspora that can have any influence on the situation is in the United States, and to some degree in the U.K. So you’ve got a bit of a challenge in that you’ve got public sector, European-focused official Ireland trying to figure out what to do about private sector, U.S.-based ex-pats, and official Ireland seems to me a lot more focused on how to control this as distinct from how to enable it.”
Speaking about the Diaspora initiative launched by the government he stated “I think the Irish agencies abroad have for many years been very effective at leveraging the Diaspora ““ long before we even called it the Diaspora. They’ve always been thoughtful, smart and creative at figuring out ways that they can use relationships to help Irish companies, to find investment for Ireland.
But if I don’t hit publish it will just sit there forever. so you get a half baked version. Sorry.
On buying a car, a few notes from a guy who used to teach dealerships how to use their computer system to maximize profit. There are some honest dealers out there. When you are buying used this number goes down significantly. So this is mostly about buying a used car and focused on the younger reader who might not have experience buying cars.
First note that dealerships make money and move money between four boxes to maximize profit.
If the goal is to make $3k on the sale, they really don’t care if they sell it to you below invoice price as long as they make it up in one of the other three areas. Hence cutting deals like “OK, I’ll get you to 5.5% interest, which is below myst cost (white lie here) if you will promise to purchase one of the warranties which are a great deal regardless.” etc….
In defense of the car guys, people are trying to rob them constantly. From stealing cars. Car jackings on a test drive. Porters swapping out RIMS on a new Tahoe with similar but cheaper rims. Used car guys paying their wholesaler too much for used cars and taking a kick back because they know they are leaving in a month. The guy who paints the emblems gold with “14 carat gold” is really using gold pain that will fleck off in six months and the dealer has to pay for it again. The finance companies changing how they loan money for the dealer to have cars on their lot (called floor-plans). Manufacturers playing favorites and giving the “hot car of the year” to one dealer more than another out of favoritism. People kiting checks. Etc… In other words, it is a rough and street smart type of business and they have to be a little rough just to survive.
So yes, I’m asking that you have a little bit of sympathy for the plight of the car dealers of the world.
That said, let’s have some sympathy for you too and talk about the best way to navigate through the used car buying process, shall we?
Have your insurance already. If you qualify, I really like USAA if at ALL possible for insurance. Switching away would be penny wise and pound foolish (just gonna have to trust the old man on this one.) If you must, raise your deductible, but stay with USAA. USAA is the ONLY customer owned insurance company I know of. They don’t try to be the cheapest, but they are usually competitive. And even if you are paying more it is worth it to not get hosed.
In the world of insurance, I ask you “how can that duck advertise so much?” and “Where does the lizard get all that money to advertise?” The caveman? The hands people? All of them. They can advertise that much because they make it difficult to get your claims paid. Or by just not paying claims.
Back to your trip to the dealership. You will need a copy of your insurance and your driver’s license to test drive a car. They will either photocopy or take your driver’s license during the test drive. Don’t get mad. The problem is people would go in for test drives and steal the cars. Or worse, the sales person might be car jacked and injured. They have a right to protect themselves and their employees so don’t give the dealer a hard time about photocopying your license. It’s for their safety.
Oh, and they also add you to their system for follow up calls while you are out on your test drive. Such is life. But they are loaning you a big expensive machine so some collateral seems fair to me.
Call or go online and apply to be pre-approved for a car loan. This is step 1. Allow a couple days for this to go through. State your income correctly as they will ask for your last two or three paycheck stubs (see last email to get the intuit link). If your compensation varies due to commission or bonuses bring last year’s W-2. If last year’s W-2 is higher use that. If you just got a raise, bring your recent paycheck stubs as those will calculate to your new pay rate.
Your next goal is to pick a car and get a fair drive out cash price without showing any other cards yet (cards being trade-ins, warranties, add-on rims, etc…)
Credit checks are bad for your credit (oh the irony). The the dealer will eventually run your credit to determine if you actually work at said company because they want to beat your preapproved rate. But don’t allow this until you have a final “cash” price for the vehicle. Think of a credit check like an X-ray. One isn’t such a bad deal. But if you had to get 50 xrays in one day you’d turn into the green hulk dude.
The risk to your credit is if three dealerships all pull your credit then it hurts your credit rating because it looks like you are trying to buy three cars and over extend yourself. Then nobody is going to give you a good deal or take you seriously. When preapproved for your car note you can tell the dealer specifically to NOT run your credit until you have picked out a car and negotiated the final sale price. Your goal is to negotiate a cash drive out price without letting the dealer look at your trade in or pull your credit rating.
Note: this is probably where you will get your first “Turn Over.” This simply means the sales person brings in a new face who tells you the exact same thing because psychology tells us that we are likely to do it if a new voice says the same thing. Expect this. And it will be a very very like-able Finance and Insurance professional who makes Brangelina look like they work community theater. Or the opposite – the folks type who gosh shucks just wants to take care of you. They’ll ask about your dog while they are printing forms and they will always have a picture of their family facing the customer. Think about it. Most of us have pictures of our family on our desk that face US. Hmmmmm.
As for credit checks, I should mention one possible exception here for luxury car buyers or industrial buyers (like F350s or Fleet Vans). If you are looking at a used BMW it doesn’t hurt for the dealer to see that the Mercedes dealership pulled your credit yesterday. But stop there.
The dealer will not want to negotiate a final sale price before running your credit as that tells them how much he might be able to make on the back end (finance and insurance). Stick to your guns. THEN and only then can they run your credit to see if they can do a better deal than USAA. And some credit unions can. But you have the upper hand by being preapproved.
You will probably have had a second turn over at this point. Three very likeable folks “on your side just trying to help you.” And they actually are trying to help you. They just want to make the most possible money doing it because that is how they eat and provide for their families. But the really good ones? They aren’t worried about feeding their families, they are trying to maximize profit because it is how they keep score. Competition drives them.
On credit ratings – few people actually lie about their credit ratings so a seasoned car guy will respond to “my credit it perfect” and leave it alone because usually when folks say that, they are telling the truth. On the other hand, don’t lie. If you have some bumps run your own credit report BEFORE going to the dealership and give them a copy with an explanation. Sure they’ll have to run their own, but they will match and you have established trust. And avoided an extra credit pull until you are ready.
At this point you have your insurance and you are preapproved. Yea! Next:
When you arrive on the lot one of the first things they will ask is if you have a trade in “so we can have the guys in the back appraise it.” You can risk it, or just say “no, I’m giving that to my friend.” Then after you negotiate a cash price for the car you can say “you know, just for grins, what would you give me for my car?” Be sure to spend $100 having it detailed (not washed, I said DETAILED) before going to the dealer. It should be spotless if you want the best price. It might not work, but having a filthy car definitely won’t work.
And don’t be dishonest to them either. If you know it has a bad oil leak, don’t just fill it up and wipe off the excess right before having it appraised. That makes you, well, let’s call it what it is. You would be at a minimum a liar and an attempted thief. This happens to dealers a LOT and then whoever buys the car beats them up for selling them a lemon when their mechanic had no way of knowing it leaked oil after long road trips. How could they? Only the person trading the car in knows that. Don’t fix it, but tell them because their cost to repair it is significantly less than yours and they will appreciate your honesty. And that just might get you a better deal (yes really.)
Despite my advice above I usually just detail my trade-in and let them appraise it right away. I tell them I have no more than one hour to be on the dealers lot and I stick to it and leave no matter what. I might come back, but I leave in one hour no matter what. And I also make sure that I know the trade in price and private sale price from Edmunds. If you aren’t sure what options your car has sometimes you can look that up by VIN number.
The dealer will come back with a offer for your trade in which you can cross check with the trade in value on http://www.edmunds.com/ If they are close to the trade in value I usually trade it in because selling a car is a pain. And it involves inviting strangers to your house from Craig’s list which sucks. But hey, if they low-ball you on the trade in push back. And if that doesn’t work then just say “nah, I’ll sell it myself on a consignment lot.” You won’t get quite as much as trade in, but more than the low ball offer they throw at you. And they will probably throw low because they are not used to anyone negotiating the cash price before anything else.
Buy a reliable make of car that is popular. Popular cars means more of them wind up in the junk yards over time which means you can usually find used parts. Hence a Toyota Camry, Ford F-150 or Honda Civic are all good options. A Delorean on the other hand would be a terrible idea as used flux capacitors are rare. Very rare.
I am partial to Hondas and Mercedes personally. Although Mercedes is expensive to repair, they last forever. I haven’t had a car payment in three years.
Now to find the car. You need to buy a car with four seats as two seater cars have higher insurance. Red and Yellow cars have higher insurance. Tan cars are invisible and unsafe in my opinion as people pull out in front of you. So that leaves the other colors like Maroon, Silver, Black, White, etc…. Sorry kid – it’s a used car. It takes you from point A to point B. Period. You can’t pick a color so much as avoid those three “bad” colors – Red, Yellow, (expensive) and Tan (invisible – lots of accidents.) if you are trying to get the best deal.
This morning we looked up a 2005 Toyota Camry and the dealer has it listed at $9,991 + Tax Title and License (figure another 1k)
Then we flipped it around and I said “hey, if I were trading this car in what is this 2005 Toyota Camry worth?” This generates three prices.
In this case those numbers are: http://www.edmunds.com/toyota/camry/2005/tmv-appraise-results.html
Have the numbers before you get to the dealership and have the iphone ready to look up prices. Or a regular phone to text your friend the VIN number so they can be at their computer and do the lookup for you. In this case Edmunds tells us the the dealer probably paid about 5k for the car. And they should probably be selling it at $6,500 but will likely list at $7,500 to give themselves a bigger buffer.
|Trade-In||Private Party||Dealer Retail|
|National Base Price||$6,455||$7,429||$8,528|
|Color Adjustment – Red||$10||$11||$13|
|Regional Adjustment – for Zip Code 77002||$3||$4||$4|
|Mileage Adjustment – 100,000 miles||$-177||$-177||$-177|
|Condition Adjustment – Average||$-1,458||$-1,646||$-1,834|
OK, so now we know the dealer is asking 10k for a car he paid $4833 for. Even if you negotiate them down 3k, they are still going to make 2K and talk you into some protection policy ($900), ask you to pay for extras they “already installed on the car” like VIN etching on the windows or gold paint on the front hood ornament ($450) and underbody protection ($300). Refuse all of these. All. Tell them your brother is a mechanic (one of mine is) and leave off the part about him living in Florida.
These prices are dated, but the cost to the dealer for the “warranty insurance” is probably $150, the VIN etching is just a scam, but cost is maybe $100 to the dealer and gold paint on the hood ornament probably cost them $50 to $100. Same for pin-stripes.
1) USAA – If you are preapproved for a loan you have the upper hand. And it is probably better to just say you don’t have a trade in car. That just gives them another variable to mess with you. Being preapproved by USAA is key.
2) Have print outs in your hand for at minimum of three (3) of the type of car you want to purchase. Also have print outs of the trade in value. It is OK to pay dealer retail, that is about a 1k profit and that is fair for what they go through. But getting hit up for 5k extra puts you “upside down” on the car and you can never sell it. Then it dies and you are making car payments on a car that doesn’t exist.
3) They will not want to talk “interest rate” but rather “payment.” Then they will say you are saving $50 a month on your payments when in fact USAA approved you for a 4 year loan and they just moved you to a six year loan and didn’t tell you.
4) Extended warranties. Don’t buy it. If you really want one you can buy them on the Internet for a fraction of what the dealer will want to sell it to you for.
5) Don’t worry about location. A dealer in Dallas has zero chance of selling you a car, right? So if a Dallas car dealer has an old car on his lot and it costs $250 to have it shipped, that dealer would settle for a lower margin Internet deal gladly. Thus frequently the best priced cars are from alternate cities. If you are in Houston call down to Rosenberg and check their prices.
6) Dealers hate old cars on their lot because they are paying interest (it’s called “Floorplanning”. When I traded in a Tahoe and bought a Honda Civic I literally walked up to the first salesperson I saw and said “show me the three oldest four door Honda civics on your lot regardless of color. And I have exactly one hour before I need to leave.” I bought the second oldest and it was a pretty quick car deal.
7) On a used car it is common practice for you to take it to your own mechanic and pay them $50 to look over the car and tell you if they see anything wrong with it. You yourself can look for stuff like “orange peel” paint jobs which means body work. Bolts under the hood that are not painted (the fender was replaced – new cars paint it all at once.)
8) CarFax is cheesy as hell, http://www.carfax.com/entry.cfx but it does give you the history of the car. When we bought used we usually did pay to get the history of the car (although back then you had to mail off for it). We bought a lemon that the salesman said was “the dealer’s wife’s car” when in fact it was a lease car out of Florida that never worked right and leaked on you when it rained. We made such a stink they took it back.
9) Used cars in the South are worth more than used cars from the Northeast. This is because of salt to remove snow and ice from the roads in the North which causes cars in the northeast to rust faster. Not as much of an issue these days, but still. On the flip side buying a pickup truck from North of the Mason Dixon line will be cheaper than buying one in Texas. Thus a lot of dealers will buy wholesale pickup trucks at auction in the North and have them shipped to the south. That $500 shipping cost is small compared to the 2k bump in price the vehicle will get, and you won’t know the history (see Carfax above).
7) New cars have something called “Hold Back.” which is basically a kick back of 1k to the dealer. So if you ask to see the invoice, which you are free to ask, they will show you that they paid 26k. They say “But you gotta give us a little!?” so you agree to $500 over invoice. So they are up 1.5k and send you to F&I (Finance and Insurance) and work you for the “pre-added accessorie, the interest rate spread, the extended warranty that doesn’t cover anything, etc.
Back to the beginning. Four buckets. Sale price. Trade in. Financing. And add-ons. If you can negotiate those individually you will do better. If you try to negotiate them all at once, it’s like trying to win against a carny. The game is rigged in their favor.
Your goal is to get a fair deal. Be civilized. Give them some margin because the dealership is a business too, but don’t let them charge you 10k for a car they paid 5k for because you will be upside down on your car note forever. Negotiate for a fair deal.