citizenzen
Apr 16, 01:23 PM
It's spending on investment rather than spending on consumption.
This is a key point to the growing inequity of wealth in America. The rich have surplus funds that they are able to invest, while the poor, and a growing number of people are spending all of the income on consumption.
In 2007 Zhu Xiao Di wrote a report for the Harvard University's Joint Center for Housing Studies title, Growing Wealth, Inequity, and Housing in the United States [PDF] (http://www.jchs.harvard.edu/publications/markets/w07-1.pdf)
Abstract
The rapid growth of household wealth in the United States has been accompanied by drastic growing inequality. This paper discusses both wealth and inequality growth, examines demographic factors behind the growth, and analyzes housing�s role in it, using the Survey of Consumer Finances data collected by the Federal Reserve Bank. While aggregate household net wealth grew from $25.9 trillion in 1995 to $50.1 trillion in 2004 (both in 2004 dollars), nearly 90 percent of the net gains occurred only among the top quartile of households in the wealth distribution. Although housing wealth (both home equity and housing value) was still more evenly distributed than other types of wealth, it largely served to widen the wealth gap rather than to narrow it during the last decade.
In this report, he clearly illustrates the difference between household net wealth and household income.
Wealth Inequality and Household Net Wealth Growth
It is well known that the distribution of household net wealth is even more unbalanced than that of household income. Net wealth is defined as all assets net out all debts. In the top quartile of the household net wealth distribution held the lion�s share�87 percent (or $43.6 trillion) while the bottom quartile of households had nothing. The upper and lower middle quartiles combined held $6.5 trillion, or 13 percent of total household net wealth (see Chart 1).
http://www.interfaith.org/forum/members/citizenzen-albums-album-picture1305-screen-shot-2011-04-16.png
As he says in the report, "In other words, the bottom 28 million of American households in 2004 had nothing once their debt is netted out ..."
The difference between inequalities in wealth and income is quite natural, as one is from a stock perspective and the other is from a flow perspective. Low income households have to spend most or all of their incomes on life necessities with little capability of saving and investment so they can hardly accumulate any household net wealth. Thus they often remain in the bottom distribution of household wealth with nothing; the exception is the group of low income senior households who recently fell into the low-income category due to retirement and the loss of income. In short, while the bottom quartile of income distribution still has income, the bottom quartile of wealth distribution does not have any wealth net of debt.
This is a key point to the growing inequity of wealth in America. The rich have surplus funds that they are able to invest, while the poor, and a growing number of people are spending all of the income on consumption.
In 2007 Zhu Xiao Di wrote a report for the Harvard University's Joint Center for Housing Studies title, Growing Wealth, Inequity, and Housing in the United States [PDF] (http://www.jchs.harvard.edu/publications/markets/w07-1.pdf)
Abstract
The rapid growth of household wealth in the United States has been accompanied by drastic growing inequality. This paper discusses both wealth and inequality growth, examines demographic factors behind the growth, and analyzes housing�s role in it, using the Survey of Consumer Finances data collected by the Federal Reserve Bank. While aggregate household net wealth grew from $25.9 trillion in 1995 to $50.1 trillion in 2004 (both in 2004 dollars), nearly 90 percent of the net gains occurred only among the top quartile of households in the wealth distribution. Although housing wealth (both home equity and housing value) was still more evenly distributed than other types of wealth, it largely served to widen the wealth gap rather than to narrow it during the last decade.
In this report, he clearly illustrates the difference between household net wealth and household income.
Wealth Inequality and Household Net Wealth Growth
It is well known that the distribution of household net wealth is even more unbalanced than that of household income. Net wealth is defined as all assets net out all debts. In the top quartile of the household net wealth distribution held the lion�s share�87 percent (or $43.6 trillion) while the bottom quartile of households had nothing. The upper and lower middle quartiles combined held $6.5 trillion, or 13 percent of total household net wealth (see Chart 1).
http://www.interfaith.org/forum/members/citizenzen-albums-album-picture1305-screen-shot-2011-04-16.png
As he says in the report, "In other words, the bottom 28 million of American households in 2004 had nothing once their debt is netted out ..."
The difference between inequalities in wealth and income is quite natural, as one is from a stock perspective and the other is from a flow perspective. Low income households have to spend most or all of their incomes on life necessities with little capability of saving and investment so they can hardly accumulate any household net wealth. Thus they often remain in the bottom distribution of household wealth with nothing; the exception is the group of low income senior households who recently fell into the low-income category due to retirement and the loss of income. In short, while the bottom quartile of income distribution still has income, the bottom quartile of wealth distribution does not have any wealth net of debt.
Macist
Apr 21, 03:54 PM
I said this back when the Xserve was killed. Apple should make the MacPro rack mountable with optional rack ears. Server users would love it. Music studios and video production people would love it. Why not?
Pressure
Aug 7, 02:24 PM
As a side note a AMD3500/6800GT combo will still hammer the base unit in Doom3:p
The real question, however is, who even cares about Doomed III?
I surely don't hope you buy a Mac Pro to play that awful game . . .
The base unit will hammer the AMD Athlon64 3500+ into the ground in everything else ;)
The real question, however is, who even cares about Doomed III?
I surely don't hope you buy a Mac Pro to play that awful game . . .
The base unit will hammer the AMD Athlon64 3500+ into the ground in everything else ;)
Justinf79
Apr 21, 05:38 PM
Hopefully it'll be cheaper as well... :D
BWhaler
Sep 15, 07:59 PM
I thought I could wait out the move to Intel for some time since my PowerBook is less than a year old.
But it's just not going to happen. The speed jump is simply too great.
I'm waiting at this point for the update. Painfully waiting.
I don't really care about the C2D processor, since most reviews are it is a bland chip without the Santa Rosa chip set. Better, sure enough, but not enough to care about.
But, what I really need is:
1. 160gig drive
2. Much better GPU
3. Apple to fix the quality and heat issues.
Everything else is just a nice to have in my book.
But it's just not going to happen. The speed jump is simply too great.
I'm waiting at this point for the update. Painfully waiting.
I don't really care about the C2D processor, since most reviews are it is a bland chip without the Santa Rosa chip set. Better, sure enough, but not enough to care about.
But, what I really need is:
1. 160gig drive
2. Much better GPU
3. Apple to fix the quality and heat issues.
Everything else is just a nice to have in my book.
inkswamp
Sep 11, 04:43 AM
Round wheels on those wheelbarrows? You were lucky!
We only 'ad square wheels on our wheelbarrows an' they were made out of lead...
Ooooh... how we used to dream of wheels made out of lead. Ours were made of depleted uranium. :eek:
We only 'ad square wheels on our wheelbarrows an' they were made out of lead...
Ooooh... how we used to dream of wheels made out of lead. Ours were made of depleted uranium. :eek:
MarximusMG
Mar 28, 10:23 AM
Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 4_2_6 like Mac OS X; en-us) AppleWebKit/533.17.9 (KHTML, like Gecko) Version/5.0.2 Mobile/8E200 Safari/6533.18.5)
Very interesting! I think it's funny how so many people are so sure that they know Apple will stick to their regular timeframe and nothing else. As if the idea of them switching things up is just out of the question.
Very interesting! I think it's funny how so many people are so sure that they know Apple will stick to their regular timeframe and nothing else. As if the idea of them switching things up is just out of the question.
triceretops
Apr 25, 10:12 AM
That has to be pretty boring data from my phone. Home - Office - Home - Office - Home - Office - Gas Station - Home (repeat as necessary).:(
iHeartapple2
Nov 2, 08:00 PM
I have had my MacBook over 2 years now and decided to do a full scan tonight using iAntiVirus just to see what it would find. The results are 0 , nothing, and nada.
rhsgolfer33
Apr 15, 08:35 PM
I guess you just can't relate to us creative types.
What are you, an accountant?
Next time, I'll try to say in numbers so you can understand.
Hey, come on, I resent that, I'm a tax accountant. :p
But then again, judging by GE, we're a pretty creative bunch ourselves. ;)
What are you, an accountant?
Next time, I'll try to say in numbers so you can understand.
Hey, come on, I resent that, I'm a tax accountant. :p
But then again, judging by GE, we're a pretty creative bunch ourselves. ;)
emotion
Nov 22, 05:43 AM
What's he banging on about? By "PC guys" who does he mean? Microsoft?
If this is the case is he saying that Windows Mobile (the OS he's stupidly paying for some of his products) isn't up to scratch? I can't see Palm surviving the year if he's this mixed up.
I have been using PDAs for years. I like using them. I've tried quite a few and where Windows CE (and variants) fail is they try and be too computer like. Palm OS is nice in that it does the simple stuff that you need on the move (and in meetings etc) well. It would be hard for Apple to figure this out and improve on the situation. They already have half the software written (iSync, iTunes, iPhoto).
The only thing Apple need to decide is: to they try and tackle the hard problem for a PDA/smart phone ie. data input. How do you write text on the device. This is the thing that killed the PDA market imo and why you see so many devices with thumbboards these days instead of (or as well as) touch screens. If they don't they have an extended iPod. Which might work out ok.
The other problem is the data rates mobile phone carriers charge. They need to be EDGE/HSDPA, flat rate and VOIP enabled. Not many carriers can manage that (T-Mobile are close in the UK though).
OK, rant over :)
If this is the case is he saying that Windows Mobile (the OS he's stupidly paying for some of his products) isn't up to scratch? I can't see Palm surviving the year if he's this mixed up.
I have been using PDAs for years. I like using them. I've tried quite a few and where Windows CE (and variants) fail is they try and be too computer like. Palm OS is nice in that it does the simple stuff that you need on the move (and in meetings etc) well. It would be hard for Apple to figure this out and improve on the situation. They already have half the software written (iSync, iTunes, iPhoto).
The only thing Apple need to decide is: to they try and tackle the hard problem for a PDA/smart phone ie. data input. How do you write text on the device. This is the thing that killed the PDA market imo and why you see so many devices with thumbboards these days instead of (or as well as) touch screens. If they don't they have an extended iPod. Which might work out ok.
The other problem is the data rates mobile phone carriers charge. They need to be EDGE/HSDPA, flat rate and VOIP enabled. Not many carriers can manage that (T-Mobile are close in the UK though).
OK, rant over :)
Nuvi
May 7, 04:46 PM
Only if you choose to "sync" your data in the preferences as was stated before in this thread so in fact iDisk out of the box does "not" work like Drop Box. I think WebDAV may be a speed culprit as well but if anyone knows of a blazing fast WebDAV service chime in.
I would say thats bit trivial since if you don't need to watch for amount data transfer the logical choice is "Automatic". If you pay for according to transfer or if there are limitations on it (tethering with some service providers etc.) you would then be better off with the "Manual" option. In any case you are always working with local files which are sitting in you local HD. Even if you have chosen "Manual" and then sync the transfer happens in the background. Anyway, you're correct that WebDAV is what really sets these apart (and not in the good way from Apple's perspective). Also I'm betting my money on low number of data centers and lack of spread (due to global variations in transfer speeds).
What actually worries me is the quality of service if Apple decides to make MobilMe a free service. In its current form iDisk is far from being snappy™ but what happens when the masses start rolling in? One gigantic data center means very little in global perspective. You need wide spread of them all around the world if you want to offer free and reliable cloud services. Just looking at Google data centers in 2008 gives good idea what was required back then... I'm well aware that Google is a different kind of beast but it's a beast with good access and response.
Google data centers in 2008:
http://royal.pingdom.com/2008/04/11/map-of-all-google-data-center-locations/
I would say thats bit trivial since if you don't need to watch for amount data transfer the logical choice is "Automatic". If you pay for according to transfer or if there are limitations on it (tethering with some service providers etc.) you would then be better off with the "Manual" option. In any case you are always working with local files which are sitting in you local HD. Even if you have chosen "Manual" and then sync the transfer happens in the background. Anyway, you're correct that WebDAV is what really sets these apart (and not in the good way from Apple's perspective). Also I'm betting my money on low number of data centers and lack of spread (due to global variations in transfer speeds).
What actually worries me is the quality of service if Apple decides to make MobilMe a free service. In its current form iDisk is far from being snappy™ but what happens when the masses start rolling in? One gigantic data center means very little in global perspective. You need wide spread of them all around the world if you want to offer free and reliable cloud services. Just looking at Google data centers in 2008 gives good idea what was required back then... I'm well aware that Google is a different kind of beast but it's a beast with good access and response.
Google data centers in 2008:
http://royal.pingdom.com/2008/04/11/map-of-all-google-data-center-locations/
Spanna
Aug 6, 06:25 AM
If new monitors are introduced with built in isights, does this mean Apple will discontinue the standalone isight as all macs will now come with built in isights ? (presuming you buy Apples monitor)
richard.mac
Apr 9, 08:50 PM
also with problems like this you can work out how large the answer might be before calculating, 48/2 is a double digit number and multiplying that by a number wont give 2
JoeG4
Nov 26, 10:43 PM
Buy out OQO and make the resulting device a little thinner.
http://www.pcstats.com/articleimages/200401/ces2004OQO-4.jpg
http://www.pocketnow.com/html/portal/reviews/0000000796/review/info.jpg
http://www.pcstats.com/articleimages/200401/ces2004OQO-4.jpg
http://www.pocketnow.com/html/portal/reviews/0000000796/review/info.jpg
shaolindave
May 4, 06:02 PM
It'd be cool for Apple to start building a small, fast SSD "drive" (memory chips) into every Mac, that would be dedicated to the core System, and only the System. Small enough to be inexpensive, large enough to easily accommodate current and future System files, fast enough to be faster than any current hard drive. Make the drive say 32-64 GB, with two partitions. One partition holds the installed System, the other partition is just scratch space for downloaded and uninstalled software, including the System itself. Possibly this partition contains some minimal boot system in order to re-download and install the package from the app store in case the installation gets botched.
I would love this. I remember the old Commodore 64 days when the OS was on ROM chips and it was an instant boot. Nowadays that wouldn't be very practical with OS updates, but something similar would be great.
Imagine being able to do a complete system restore and have a barebones OS be unaffected.
I would love this. I remember the old Commodore 64 days when the OS was on ROM chips and it was an instant boot. Nowadays that wouldn't be very practical with OS updates, but something similar would be great.
Imagine being able to do a complete system restore and have a barebones OS be unaffected.
slu
Aug 7, 01:51 PM
Excellent. Now it's time to wait for the sub-$2000 "Pro" desktop announcement. There's a suspicious gap in their lineup. Mac Pro Cube (http://macprocube.com), perhaps?
Keep dreaming.
Keep dreaming.
basesloaded190
Mar 28, 12:14 PM
Like others have said, with a delay until the fall, this could mean that Apple will deliver a LTE Iphone this year instead of 2012 like what was originally thought.
maxp1
Aug 7, 03:28 PM
I thought the Woodcrest processors were unsuited for multi-processor configurations. Anyone with more info?
McGiord
Apr 10, 11:13 AM
I wish there was a poll option of who is getting 288 and is say in a technical field such as engineering/stats/physics, etc
My guess is that 288 is coming from people who use math extensively and 2 coming from those who may not...
Wrong.
My guess is that 288 is coming from people who use math extensively and 2 coming from those who may not...
Wrong.
iStudentUK
May 5, 06:18 AM
It is happening, these signs are metric rather than imperial.
While they aren't really for general public use it does help people get used to how far a kilometer is and will ultimately add the transition.
That is interesting, never knew that. I don't think the problem with converting road signs is so much money, but logistics. If they are all changed very quickly that needs a huge workforce, if it is staged over time it could be confusing. I'd like to see it happen in the next few years, the imperial system needs to die out.
While they aren't really for general public use it does help people get used to how far a kilometer is and will ultimately add the transition.
That is interesting, never knew that. I don't think the problem with converting road signs is so much money, but logistics. If they are all changed very quickly that needs a huge workforce, if it is staged over time it could be confusing. I'd like to see it happen in the next few years, the imperial system needs to die out.
McGiord
Apr 10, 06:38 PM
But the average American gets a refund soooooo 288 clearly wins lol
Less is more, and more is less when to taxes you refer...
If you have a big refund, it means that you pay too much, so you are not being very good at your day to day application of math.
Also when you say American do you refer to any citizen in the American continent or just the people that was born in the United States of America?
Either way an American receiving a big tax refund means that a lot of his (or her) money was better used by the government than what he (or she) could have done with it. Taking us back to the same subject: poor application of Math skills.:o
In the USA, you always have a second chance to file an amendment. So if you fail doing your math, you have a second chance..Something very well thought for those who follow the PEMDAS.
Less is more, and more is less when to taxes you refer...
If you have a big refund, it means that you pay too much, so you are not being very good at your day to day application of math.
Also when you say American do you refer to any citizen in the American continent or just the people that was born in the United States of America?
Either way an American receiving a big tax refund means that a lot of his (or her) money was better used by the government than what he (or she) could have done with it. Taking us back to the same subject: poor application of Math skills.:o
In the USA, you always have a second chance to file an amendment. So if you fail doing your math, you have a second chance..Something very well thought for those who follow the PEMDAS.
Moyank24
May 6, 06:15 PM
Why quicker?
I don't understand how it would be quicker either.
I don't understand how it would be quicker either.
mrblah
Aug 7, 03:17 PM
My god thats an expensive computer. It seems like they went all out to try and make the most expensive computer possible. You HAVE to buy a quad Xeon desktop? Why? Some people need a tower for its PCI slots but dont want or need a quad Xeon setup. Cant they release a model that uses a regular processor like a Pentium 4 or whatever and price it for like $1000 cheaper? I guess Apple will continue to leave us middle-end users out in the cold. Mac Minis suck, iMacs dont meet the needs of a lot of people thanks to no PCI slots, Mac Pros only come with a quad Xeon(!?) and well set you back more than a used Honda Accord. Apple went WAY overboard with this thing without offering anything to fill in the gap between iMac and Mac Pro. Freakin hell.