Sorry, I meant the point of the graph is to highlight the market’s impetus: selfishness.
Specifically, it casts investor sentiment in a negative light, where “feeling bullish” translates to “feeling greedy” and anything else is loss aversion/fear.
Sorry, I meant the point of the graph is to highlight the market’s impetus: selfishness.
Specifically, it casts investor sentiment in a negative light, where “feeling bullish” translates to “feeling greedy” and anything else is loss aversion/fear.
While I agree in principle (to share with those invested in your wellbeing), might do the same, and am otherwise unqualified as a fairly young person without living parents to refer to, I think I can understand why someone would prefer to postpone the revelation of that kind of news to someone they loved, especially their kid, until they knew for sure.
so pointless …. at best, volatility for obvious reasons.
I believe you just described “the point.”
The difficulty was drainage. Isolated steam systems in steam era construction were designed to use gravity for condensate collection. It’s one of the reasons boilers are always in the basement of old buildings.
Steam system engineering was a well-compensated profession. A well-designed system would accurately predict the rate of condensate flow for every part of the building, prior to construction, and reflect these predictions in the slope/grade and diameter of the steam pipes. Inaccurate predictions resulted in problems like pipe knock (aka steam hammer) which you can often hear when you or a nearby neighbor partially close the shut-off valve of a radiator.
Since construction in the city had many elevations and could not be predicted in advance, there was no equivalent solution to facilitate condensate collection. The system had to be one way. And yes, it’s inefficient compared to modern systems, but was innovative in its day.
Yeet the heat or beat the meat
Wtf? Bad form, Peter Pan.
That’s a good idea! My understanding is that the old steam network is slated for decommission and replacement by this program, basically a large distributed geothermal heat pump network that also harvests from major heat producers like data centers and provides both heating and cooling.
It will end the era of the steamy-street Sin City aesthetic but should be many, many times more efficient than the old steam system. Phase-change thermal transfer in HVAC systems is nearing 400% efficiency, so 4 times more efficient than the theoretical limit of direct heating, because it only uses the energy necessary to move heat from one place to another rather than produce it, and it works for both heating and cooling.
Right now I believe they’re piloting the system in NYCHA buildings (public housing) of neighborhoods outside the old steam network, like Chelsea and Hell’s Kitchen, but supposedly the plan is to expand to the rest of Manhattan.
Edit: corrected coefficient of performance
Yeah it’s common enough I figured most knew, but a few years ago I went ice skating at the bryant park rink with someone who refused to walk anywhere near the steam. They thought it was toxic and didn’t accept my explanation, so we had to walk an extra few blocks to get around the steam work. Shrug
Old steam heating system. They vent it when they’re working on a section.
Side-note: surprised by all the fellow New Yorkers i’m seeing in this thread. I thought yous were still at the other place.
I delivered for two locations shortly after they fixed the pizza. In both locations, shift leads and managers came up with so many excuses for house pizza. More than any other chain I worked for. I didn’t connect the dots until later. The pizza must have been much worse before.
Interestingly, in the era of this expression, “hard man” often had a somewhat negative connotation like “calloused,” which I gather is generally not the meaning intended by those who use it today.
Too much effort. This administration is populated first and foremost by unobservant and intellectually stunted pragmatists and yes-men.
That sort of psychological warfare is effectively outsourced and you interact with it every day.