A stout, middle-aged man, with enormous owl-eyed spectacles, was sitting somewhat drunk on the edge of a great table, staring with unsteady concentration at the shelves of books. As we entered he wheeled excitedly around and examined Jordan from head to foot.
“What do you think?” he demanded impetuously.
“About what?” He waved his hand toward the book-shelves.
“About that. As a matter of fact you needn’t bother to ascertain. I ascertained. They’re real.”
“The books?”
He nodded.
“Absolutely real — have pages and everything. I thought they’d be a nice durable cardboard. Matter of fact, they’re absolutely real. Pages and — Here! Lemme show you.”
Taking our scepticism for granted, he rushed to the bookcases and returned with Volume One of the “Stoddard Lectures.”
“See!” he cried triumphantly. “It’s a bona-fide piece of printed matter. It fooled me. This fella’s a regular Belasco. It’s a triumph. What thoroughness! What realism! Knew when to stop, too — didn’t cut the pages. But what do you want? What do you expect?”
He snatched the book from me and replaced it hastily on its shelf, muttering that if one brick was removed the whole library was liable to collapse.
I have no idea how reliable this source is, but it looks plausible - from the "American Investment Council", which appears to be some kind of private equity trade association ( https://www.investmentcouncil.org )
- "Nearly 50 percent of the private equity investment dollars that make their way into American businesses come from public pension funds", which substantiates OP's thesis.
- "U.S. public pension funds invest 9% of their portfolios in private
equity, on a dollar-weighted basis." 46% is in public equity, so obviously the lion's share is in still in public markets.
This isn't surprising. Public companies tend to be lower risk (and therefore offer lower returns) than PE investments and pension funds want a mix of both. They want the juicy returns of PE deals, but a portfolio invested completely or mostly in PE would be unacceptably risky. Most pension fund mandates will set % limits on how much can be invested in different asset classes, with lower limits for riskier asset classes.
As a sibling poster notes, the Desmos calculator and math tools spun out to Desmos Studio PBC, which has a bunch of great people – with the goal of ensuring those remain available to all and not tied to a single curriculum provider. The Desmos Classroom tools for social, interactive classroom instruction, and another bunch of great colleagues, are part of Amplify, which together with Polypad and other tooling, make up Amplify Classroom ( https://classroom.amplify.com ), powering terrific IMO math, science and English curricula.
It's been a lot of fun – and a lot of tricky work! – bringing all of these tools and humans together.
I'd be remiss if I didn't mention that we are hiring, including for Software Engineer, Analytics Engineer, Data Engineer, and AI Engineer positions at various levels :)
(Since you're in the thread, can I ask you to give kudos to whoever's kept the original "Let's Explore Geography! Canadian Commodities Trader Simulation Exercise" class code active all these years? I think you might have even changed the multiple-choice component to better support the weird thing I was doing with empty choice text.)
This is exactly true and it’s what every SaaS company counts on. They have four basic moves:
1. Sell you X seats, expecting that internal network effects will get you to 3X soon enough.
2. Sell you X seats, noting that as soon you reach 2X seats, you need to move to the Enterprise plan, under which largely the same feature set plus a couple of gated SCIM controls will cost twice as much.
3. Sell you X seats for their core product, then announce that features B and C are actually an additional SKU that requires additional per-seat subscriptions that double the cost.
4. Sell you X seats for their core product, then immediately announce that you’re on a “legacy plan”, but they’re happy to move you now to their updated offering, which is the same product but now structured to cost twice as much.
Yeah, as I was toggling "blue" / "green" / "blue" / "green" I had the distinct sensation that it might just show me that I was in a region where I couldn't even make a consistent distinction.
That is indeed how it is supposed to work. But things haven't exactly been working like they're supposed to lately.
For FY26, when we had a PBR proposing massive cuts followed by a government shutdown with a long stretch where NASA didn't know what their real budget was going to be, we saw a bunch of layoffs and project cancellations in preparation for a budget that might resemble what the president was requesting. Whether or not that was legal is in question:
That is true, but in all fairness, every politician has at one time, or another requested all sorts of nonsense to appease the base, not just presidents hence the term "political lobbying".
If you look up the definition of 'politics," it's the method or strategy: sometimes used to describe the tactics, schemes, or "art" used to gain influence, sometimes carrying a negative connotation of manipulation or intrigue. Everybody has done it since the beginning of time :|
Congress also declares wars, and we know how well that has worked out for everyone.
First year civics: the legislative branch passes the budget, the executive branch is the one that actually spends it. Or doesn’t, in which case you have a constitutional crisis.
It’s a technical distinction. The last true “budget” was FY1997. Otherwise, CRs are used until some kind appropriations bill can be passed. The problem is, that appropriations bill isn’t a true budget as money was already spent via CR.
A stout, middle-aged man, with enormous owl-eyed spectacles, was sitting somewhat drunk on the edge of a great table, staring with unsteady concentration at the shelves of books. As we entered he wheeled excitedly around and examined Jordan from head to foot.
“What do you think?” he demanded impetuously.
“About what?” He waved his hand toward the book-shelves.
“About that. As a matter of fact you needn’t bother to ascertain. I ascertained. They’re real.”
“The books?”
He nodded.
“Absolutely real — have pages and everything. I thought they’d be a nice durable cardboard. Matter of fact, they’re absolutely real. Pages and — Here! Lemme show you.”
Taking our scepticism for granted, he rushed to the bookcases and returned with Volume One of the “Stoddard Lectures.”
“See!” he cried triumphantly. “It’s a bona-fide piece of printed matter. It fooled me. This fella’s a regular Belasco. It’s a triumph. What thoroughness! What realism! Knew when to stop, too — didn’t cut the pages. But what do you want? What do you expect?”
He snatched the book from me and replaced it hastily on its shelf, muttering that if one brick was removed the whole library was liable to collapse.
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