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Cake day: October 19th, 2023

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  • It really does depend on what you’re looking for. You can “replace” US Treasuries with comparatively safe assets like British gilts or bonds from large, stable EU countries like France or Germany, but these will be denominated in GBP or EUR respectively, not USD, so they’re not a drop-in replacement. The EU itself also plans to issue some joint debt to pay for Ukraine-related expenses, so that might also be available depending on how they do it.

    As for stocks and ETFs, there is the Euronext 100, but a cursory web search didn’t reveal any ETFs that track it. I’m sure there probably is one, but I just didn’t find it.

    That being said, the Euronext 100 isn’t a replacement for American indexes like the S&P 500 though. The liquidity on the European side is lower (and for EUR securities in general), and because the American stock market in general performs better than the European stock market, you would give up a lot of financial gain. If you invested $1,000 into an S&P 500 index fund on 1 January 2010, that would now be worth $6,111. But if you instead invested 1 000€ into a Euronext 100 index fund on the same date, it would only be worth 2 548€ today. Even if you cut it off before the AI-led growth in the American stock market, the S&P 500 still would have outperformed the Euronext 100 by nearly double.




  • The last part of a Web address is a “TLD”, or “top-level domain”. There used to be relatively few of them, namely .com, .org, .edu, .net, .gov, and .mil. One of the functions of TLDs is to categorise websites so you know what sort of site you’re visiting. The list of valid TLDs is a Web standard and creating a new TLD is not easy.

    As time progressed, more and more TLDs were created. You have familiar ones like country-code TLDs which are for each individual country or region, such as .ca for Canada or .es for Spain.

    In the past decade, several weirder and more arbitrary TLDs which are just random words with no categorisation purpose whatsoever have popped up, like .party, .xyz, or whatever.

    The fact that Google, a private company, can have its own TLD (.google), is an indicator of how supremely influential the company is over the creation of Web standards. Not only does that TLD mean nothing and has no categorisation potential whatsoever (the company largely does not even use it), but based on the original model of only six TLDs, a private company wanting to have its own TLD would have then been considered the pinnacle of hubris.



  • NateNate60@lemmy.worldtoAsk Lemmy@lemmy.worldRule 6?
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    21 days ago

    Now that I think about it, I honestly think that Lemmy has suffered this more than Reddit. Reddit has a lot of various non-politics related content but Lemmy seems to be filled a lot more with political posts. I get that many people find that content interesting, but after a while, one tires of it.


  • NateNate60@lemmy.worldtoAsk Lemmy@lemmy.worldRule 6?
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    21 days ago

    If you have used Reddit for some time, you’ll have noticed an interesting trend: any large space where general content is allowed to be posted and which does not prohibit US politics, will generally become saturated with US politics.

    This happens to some degree on Lemmy as well. It’s because Americans are the largest national demographic group on the English-speaking portion of the Internet, and because American politics in general is extreme and garners a lot of attention from others. So if talking about it is allowed, it will usually become all that anyone ever wants to talk about, or at least it will appear that way in a space where popularity determines visibility.



  • Major news organisations in general are really scared when it comes to pointing out things which are extreme, because they believe describing those things as extreme will lead to accusations of sensationalism. The reason they think that is because sensationalist outlets are indeed more likely to describe everything as extreme and make unjustified comparisons to extremities, so major media outlets often think that to be “unbiased” is to refuse to acknowledge that an action is extreme.

    Vox described this as the “this is fine” bias.



  • I can’t comment on the situation in other countries, but in the US, in the majority of cases, it’s cheaper for businesses to take cash. In the US, the first few thousand dollars of cash deposits are typically free every month. Beyond that, pricing varies. My bank charges 0.35% on cash deposits, which is considered quite high, though it works out to only $42 per week in my example above. The credit union I have my personal accounts with charges 0.15%, which would be $18 a week.

    The cost of labour has already been factored in and it still results in savings. The cost of security is comparatively negligible. A $300 safe is a one-off purchase that pays for itself in a fortnight.




  • It is definitely not true that Discover interchange rates are significantly higher than Visa or Mastercard.

    I’ve put below a list of the actual interchange rates for various personal Visa, Mastercard, and Discover cards types.

    Debit:

    • Visa Debit Regulated: 0.05% + 22¢
    • Discover Debit Regulated: 0.05% + 22¢
    • Mastercard Debit Regulated: 0.05% + 22¢
    • Visa Debit: 0.8% + 15¢
    • Mastercard Debit: 1.05% + 15¢
    • Discover Debit: 1.1% + 16¢
    • Visa Debit Prepaid: 1.15% + 15¢
    • Mastercard Debit Prepaid: 1.15% + 15¢

    Base credit tiers:

    • Visa CPS Retail: 1.51% + 10¢
    • Discover Consumer: 1.56% +10¢
    • Mastercard Consumer: 1.65% + 10¢
    • Mastercard Enhanced: 1.8% + 10¢

    Rewards cards:

    • Visa Rewards Traditional: 1.65% + 10¢
    • Visa Rewards Signature: 1.65% + 10¢
    • Discover Rewards: 1.71% + 10¢
    • Discover Rewards Premium: 1.71% + 10¢
    • Mastercard World: 1.9% + 10¢

    Premium cards:

    • Visa Rewards Signature Preferred: 2.1% + 10¢
    • Discover Rewards Premium Plus: 2.15% + 10¢
    • Mastercard World Elite: 2.3% + 10¢

    You can plainly see that Discover tends to be more expensive than Visa but is cheaper than Mastercard. The only reason I could see that someone might refuse Discover is because Discover cards are all rewards credit cards that go into the higher tiers, whereas many Visa and Mastercard cards are debit cards which go into the lowest tier.