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The Fed says this is a cube of $1M. They're off by half a million

calvin.sh

531–540 of 578 posts

Re: The Fed says this is a cube of $1M. They're off by half a million

#532

Earlier quoted context omitted.

Unless you're marinating your meat with pineapple, in which case it can end badly... The day I learned that the acidic feel of pineapples comes from it actually digesting you instead of the opposite is the day I stopped using them.

> The day I learned that the acidic feel of pineapples comes from it actually digesting you instead of the opposite is the day I stopped using them. Wait, what?

News to me too. Pineapple contains an enzyme that breaks down proteins:

https://www.thespruceeats.com/flesh-eating-enzymes-of-pineap...

Re: The Fed says this is a cube of $1M. They're off by half a million

#533
post #486

Earlier quoted context omitted.

Unlocking trolleys with a coin is normal in Britain too. I'd never considered that this might be unusual. Is this not a thing in other countries? How do they get people to return their trolleys to the bays?

It's not a thing in the US, I think. And did Britain have this before the invasion of Aldi and Lidl?

Yeah, we've had it for at least 30 years, probably longer

Re: The Fed says this is a cube of $1M. They're off by half a million

#534
post #528

I thought, i've seen GPT nail estimations like this, what could go wrong? 4o: that's $25.7 million Is the idea of the exhibit that the cube is empty other than the outside edges? Mr beast routinely has a million dollars as a prop and it's significantly smaller than this, and cubed values go up FAST

Mr Beast probably doesn't use $1 bills.

Re: The Fed says this is a cube of $1M. They're off by half a million

#535
post #367

Earlier quoted context omitted.

Well that, and Germans need the 1 Euro coin to unlock their shopping trolley. (Or at least they used to; when I visited back recently many supermarkets had free trolleys! Can you imagine my shock?)

Unlocking trolleys with a coin is normal in Britain too. I'd never considered that this might be unusual. Is this not a thing in other countries? How do they get people to return their trolleys to the bays?

It's not a thing in most US cities. Since there's no incentive for individual people to return their trolleys it ends up being someone's job to collect the carts.

Re: The Fed says this is a cube of $1M. They're off by half a million

#536

> For all we know, the middle is just air and crumpled-up old newspaper. I think this is the answer. I suspect the exhibit designers had a cool idea for a display, did a rough estimate of the area needed and then commissioned the exhibit builders to make the big metal-framed cube. Either they made an error in their calculation or the innate variability in the size of stacks of used bills threw it off. It's also possi…

I'm not sure where the original guy got the idea that the bills are uniform in the interior. Seems just as likely that the visible faces of the cube are "display" with an interior backing cube (say out of thin plywood) inside which the balance of the funds are dumped, either in pretty stacks or just how they land.

Re: The Fed says this is a cube of $1M. They're off by half a million

#537
post #221

From a 2014 reddit post[0]: > This is actually not a million dollars in singles. It is over $1,000,000. The box was created with the wrong dimensions by the contractor, but they still decided to fill it, display it, and claim it is $1,000,000. > > Source: Tour Guide at the Chicago Fed [0] https://old.reddit.com/r/pics/comments/2f9sp7/one_million_do...

Man how expensive was that contractor when your art installation requires $1M in cash and all the labor to assemble it, but you can't just tell the contractor to do a new box?

"First rule in government spending: why build one when you can have two at twice the price?"

Re: The Fed says this is a cube of $1M. They're off by half a million

#539
post #305

Earlier quoted context omitted.

Not in english it isn't.

Don't be absurd. The amount written on the plaque is short by .5m The comment we're all arguing about only says "50% shortfall" and does not say which side of the equation is short. So the word in that context merely means discrepency. Maybe they did actually have the wrong idea about the story, but what they wrote does not say one way or the other, so there is nothing to correct and everyone is just picking a meanin…

Shortfall means less than the expected amount. If the plaque says 1 million, you expect 1 million. If the box contains less than 1 million, that's a shortfall. However no one expects the plaque to say 1.55 Million even if that's what's actually in the box. A shortfall claim is an oxymoron - the claim is by definition the expected value, how can it ever be less than expected? In English we may say the claim was under, or low, but not short.

There are most certainly context rules that apply in this case which clearly indicate 50% shortfall to be referring to the money.

In english, a short claim is equivalent to a small claim.

Re: The Fed says this is a cube of $1M. They're off by half a million

#540
post #320

Earlier quoted context omitted.

Separate comment so you can separately downvote/flag me: Why , OP, why ? How much self-awareness does it really take to realize JBR is a non-standard acronym people won't recognize? It almost feels like a superpower that I take an extra half-second to think about what jargon the average person needs to have defined.

Reading the OP, it appears they were pretty much blurting out a semi-nonsensical stream of consciousness. That's my best guess as to why they didn't bother to define JBR, because in reality, they weren't writing for any other audience other than themselves.

Possibly, but I generally see it as a problem from pretty much everyone, especially specialists, speaking to people outside their domain, to be horribly miscalibrated about what jargon the layperson understands, or to just not give it any thought.

Obligatory xkcd: https://xkcd.com/2501/

So you don't need to explain it by any specific failing of the OP, it's common among the lucid as well.

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