trepanne
Joined 8 years ago
Joined 8 years ago
“You might give some serious thought to thanking your lucky stars you’re in Texas.”
And Kinky Friedman.
Meanwhile, my fellow Texans have famously bastardized “chile con carne” to refer to spicy beef stew, and would tend to specify “chili pepper” to refer to the actual fruit itself.
I regret that the decades that have elapsed since I studied physical chemistry & thermodynamics don’t permit me to make a proper answer, but if you want this to make sense I believe you should look many orders of magnitude smaller- Boltzman’s derivation of the ideal gas law from Newtonian mechanics using statistical methods.
Temperature is basically thermal density; it’s not really a fundamental unit. Chemical engineers use steam tables all the time to convert temperature to heat or other quantities.
Similar observations apply to that more fundamental instrument of mispriced risk - limited liability business entities. The worst possible arrangement, except for all the others.
Personally I prefer to tilt at the windmill of the asymmetrical payoff diagram of US CEO compensation structures. While it’s still the case that nobody much cares about my opinions on the subject, this one at least has less of an aspect of battle-tested socioeconomic optimality.
The first order effects seem pretty benign, even salutary - but I’m not sure the court really thought through all the implications here.
Is the Dutch legal system inviting themselves to become a party to every single he said/she said drama on Facebook?
What will Facebook need to do to extricate themselves from such an odious entanglement?
This is all true as far as it goes. However, if you've ever had to do any work for one of the trust custodians, you'd be keenly aware that DOL regulations require that all the different types of contributions be segregated into different accounts - or if you physically commingle the funds, you have to account for them separately on your own books.
So there are in fact different accounts for pre-tax & post-tax... except it's actually more like pre-tax employee contribution, pre-tax employer match, pre-tax employer profit-sharing, post-tax employee contribution, post-tax excess contribution, etc. etc.
These different account types are used to track the tax character of the eventual distributions. If you didn't have different pre- and post-tax accounts, it would be a frickin' nightmare to prepare forms 1099-R
Sure, that's right. The extraction step ... converting alkaloid salts to free base, mobilizing to nonpolar fracton... would indeed give you a mix of chemicals; DMT is not unique in its electrical properties in this regard.
The following step (crystallization) dramatically bumps up the purity of your sample.
Happily, the FASB isn't fooled by this particular sleight-of-hand. Not anymore, at any rate; they quit letting themselves get bamboozled by Silicon Valley flim-flam accounting for options more than 15 year ago.
If the shareholders have constant ongoing dilution due to continual share issuance, they have run just to stay in place. This is pretty straightforward, and what the GAAP are communicating to FS readers. You have a comp expense, of course (you gave something valuable to an employee instead of selling it for cash), and you also have the dilution, without even getting the cash in return. It's the only appropriate way to account for it.
It is a very expensive form of compensation.
Stock compensation is compensation and should be expensed. It's not just GAAP, it is plain common sense.
The dilutive effect on EPS isn't any kind of double-counting. It's just a proper accounting for the way the shareholders are constantly bleeding value to sustain normal operations.
It's a pretty great system for such an application. All the details of all the specialized, rarely-touched, hard-to-remember moving parts (nftables syntax, dual-stack DNS resolution, RS-232 serial connection parameters, etc. etc.) are all neatly collected under /etc/nixos for future me to puzzle out... and under version control, backed up offsite. It would be pretty easy for me to swap out failed hardware or upgrade it.
I wouldn't mind getting more infrastructure set up on these lines, and then maybe figure out a good setup for NixOps.
It wasn't too bad learning a little Nix to keep the configs DRY, modularized and parametrized. I find the results clean & readable, even though I'm hardly a grade-A FP propellerhead.
My main complaint was that nftables rules need to be expressed as dead strings instead of proper objects in the Nix language, which limits their composability. This would be a nice thing for the wish list.