On the very next day after the acquisition, as many as 20 of the firm’s 50 employees got pink slips from the company, according to a report. The people asked to leave were employed in project management, engineering, user interface, testing and marketing. The reason cited by one of the employees was that the company no longer had suitable roles to offer to the employees.
The lay-offs highlight a dark side of the start-up culture in India, where initially high-profile acquisitions grab headlines, but not much is said about what happens after these deals transpire.
Your spending power is less than what you think
Your income is not as much as you think it is. Let me show you why using the numbers from the US Census Bureau for Santa Clara county
Median household income (in 2013 dollars) is $91,702 .However, note that this is not the amount that comes into the bank. The employer deducts the federal tax from this. A rough estimate of the income tax would be 27% (standard deductions, no dependents). This leaves $66942.46 .
After the Federal government takes its cut, the state government levies the state tax on the income. For California this would be 8%. This leaves $61587.06 .
Now let us calculate how many hours someone needs to work to get $61587.06 into the bank. A workday is 8 hours. Mean travel time to work in(minutes), is 25 minutes. Let us assume that he/she gets 21 days of vacation. This means that including the commute hours, subtracting vacation hours and assuming 5 days a week, he/she work 2069.55 hours annually.
So, your hourly earning rate is 61587.06/2069.55 = $29.75. Read that again: the median hourly earning rate is $29.75 . If you do not account for the tax cut and the time you spend in commute, you will believe that your hourly earning rate is 46.65 . However, that is not what an employee earns.
Next, let us see how this converts to buying power. Suppose someone with median income wants to buy shoes with a sticker price $100. The sales tax in California is 8%. What this means is that he/she end up spending $108 on the shoes. To earn $108 , this person needs to work for 3.6 hours.
I have made a spreadsheet to make this calculation easier. . If you want to figure out your spending power, create a copy of the spreadsheet and fill in the cells with numbers that apply to you.
Some ballpark numbers (for California):
- if your annual income is $50,000 , you need to work 6.7 hours to spend $100
- if your annual income is $100,000, you need to work 3.3 hours to spend $100
Faster setup of virtualenv with devpi
Setting up the virtualenv can take a significant amount of time because it pulls down packages from PyPI. I was surprised that it does not try to use the locally installed packages. One way to speed up the rebuild is to use a local caching mirror of PyPI. This can be accomplished by using devpi.
Step 1: Install devpi package
sudo pip install devpi
Step 2: Add the following lines in your /root/.pip/pip.conf file
[global] index-url = http://localhost:3141/root/pypi/+simple/ extra-index-url = https://pypi.python.org/simple/
From now on, pip will first try to get the package from devpi-server running on your localhost first and if you do not have devpi-server running, will fallback to pypi.python.org .
Step 3: Start the devpi-server on your localhost: devpi-server. Try
installing a few packages or build a virtualenv. The command
devpi-server -start will start the server and put it in background.
TODO - figure out how to start this from init.
which fonts should I use in my browser in Debian
Short answer : Verdana
To install Verdana, do sudo apt-get install ttf-mscorefonts-installer and set it as the default font in your browser.
gaslighting
They’re our servants, tools
"You can see that our real problem is another thing entirely. The machines only do figuring for us in a few minutes that eventually we could do for our own selves. They’re our servants, tools. Not some sort of gods in a temple which we go and pray to. Not oracles who can see into the future for us. They don’t see into the future. They only make statistical predictions—not prophecies. There’s a big difference there, but Reinhart doesn’t understand it. Reinhart and his kind have made such things as the SRB machines into gods. But I have no gods. At least, not any I can see."