#iou — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #iou, aggregated by home.social.
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High winds and heavy rain can bring down tree limbs or whole trees. This was the case last night near a Southern California Edison (SCE) substation, leading to an unplanned outage affecting about 15,000 Conejo Valley customers, with many losing grid power for an hour or more. Here is SCE’s report:
“On February 10 at 2055 hours, a 30-second electrical disruption affecting approximately 15,000 customers in Agoura Hills, Thousand Oaks, and Westlake Village occurred when eleven 16kV circuits out of Potrero Substation relayed and reclosed. At 2132 hours, a portion of the substation was interrupted. Preliminary reports indicate tree branches contacted substation equipment. Most customers were restored at 2254 hours and all power was restored at 2310 hours. There were no reported injuries.”
Another storm is headed our way next week, with rain forecast Sunday through Thursday. SCE has tips on emergency preparedness here: https://www.sce.com/outages-safety/outage-preparedness/outage-tips/emergency-preparedness-kit
#wx #CAwx #power #utilities #iou #emergencypreparedness #thousandoaks #conejovalley
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High winds and heavy rain can bring down tree limbs or whole trees. This was the case last night near a Southern California Edison (SCE) substation, leading to an unplanned outage affecting about 15,000 Conejo Valley customers, with many losing grid power for an hour or more. Here is SCE’s report:
“On February 10 at 2055 hours, a 30-second electrical disruption affecting approximately 15,000 customers in Agoura Hills, Thousand Oaks, and Westlake Village occurred when eleven 16kV circuits out of Potrero Substation relayed and reclosed. At 2132 hours, a portion of the substation was interrupted. Preliminary reports indicate tree branches contacted substation equipment. Most customers were restored at 2254 hours and all power was restored at 2310 hours. There were no reported injuries.”
Another storm is headed our way next week, with rain forecast Sunday through Thursday. SCE has tips on emergency preparedness here: https://www.sce.com/outages-safety/outage-preparedness/outage-tips/emergency-preparedness-kit
#wx #CAwx #power #utilities #iou #emergencypreparedness #thousandoaks #conejovalley
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High winds and heavy rain can bring down tree limbs or whole trees. This was the case last night near a Southern California Edison (SCE) substation, leading to an unplanned outage affecting about 15,000 Conejo Valley customers, with many losing grid power for an hour or more. Here is SCE’s report:
“On February 10 at 2055 hours, a 30-second electrical disruption affecting approximately 15,000 customers in Agoura Hills, Thousand Oaks, and Westlake Village occurred when eleven 16kV circuits out of Potrero Substation relayed and reclosed. At 2132 hours, a portion of the substation was interrupted. Preliminary reports indicate tree branches contacted substation equipment. Most customers were restored at 2254 hours and all power was restored at 2310 hours. There were no reported injuries.”
Another storm is headed our way next week, with rain forecast Sunday through Thursday. SCE has tips on emergency preparedness here: https://www.sce.com/outages-safety/outage-preparedness/outage-tips/emergency-preparedness-kit
#wx #CAwx #power #utilities #iou #emergencypreparedness #thousandoaks #conejovalley
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High winds and heavy rain can bring down tree limbs or whole trees. This was the case last night near a Southern California Edison (SCE) substation, leading to an unplanned outage affecting about 15,000 Conejo Valley customers, with many losing grid power for an hour or more. Here is SCE’s report:
“On February 10 at 2055 hours, a 30-second electrical disruption affecting approximately 15,000 customers in Agoura Hills, Thousand Oaks, and Westlake Village occurred when eleven 16kV circuits out of Potrero Substation relayed and reclosed. At 2132 hours, a portion of the substation was interrupted. Preliminary reports indicate tree branches contacted substation equipment. Most customers were restored at 2254 hours and all power was restored at 2310 hours. There were no reported injuries.”
Another storm is headed our way next week, with rain forecast Sunday through Thursday. SCE has tips on emergency preparedness here: https://www.sce.com/outages-safety/outage-preparedness/outage-tips/emergency-preparedness-kit
#wx #CAwx #power #utilities #iou #emergencypreparedness #thousandoaks #conejovalley
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High winds and heavy rain can bring down tree limbs or whole trees. This was the case last night near a Southern California Edison (SCE) substation, leading to an unplanned outage affecting about 15,000 Conejo Valley customers, with many losing grid power for an hour or more. Here is SCE’s report:
“On February 10 at 2055 hours, a 30-second electrical disruption affecting approximately 15,000 customers in Agoura Hills, Thousand Oaks, and Westlake Village occurred when eleven 16kV circuits out of Potrero Substation relayed and reclosed. At 2132 hours, a portion of the substation was interrupted. Preliminary reports indicate tree branches contacted substation equipment. Most customers were restored at 2254 hours and all power was restored at 2310 hours. There were no reported injuries.”
Another storm is headed our way next week, with rain forecast Sunday through Thursday. SCE has tips on emergency preparedness here: https://www.sce.com/outages-safety/outage-preparedness/outage-tips/emergency-preparedness-kit
#wx #CAwx #power #utilities #iou #emergencypreparedness #thousandoaks #conejovalley
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In the United States, the monopoly utility operates under a perverse incentive structure most people never see because it lives in rate cases, spreadsheets, and footnotes. It has a polite name—Rate-of-Return Regulation—but the logic is brutal:
They are allowed to earn a guaranteed return on new infrastructure.
They earn essentially nothing on maintaining old infrastructure.
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In the United States, the monopoly utility operates under a perverse incentive structure most people never see because it lives in rate cases, spreadsheets, and footnotes. It has a polite name—Rate-of-Return Regulation—but the logic is brutal:
They are allowed to earn a guaranteed return on new infrastructure.
They earn essentially nothing on maintaining old infrastructure.
-
In the United States, the monopoly utility operates under a perverse incentive structure most people never see because it lives in rate cases, spreadsheets, and footnotes. It has a polite name—Rate-of-Return Regulation—but the logic is brutal:
They are allowed to earn a guaranteed return on new infrastructure.
They earn essentially nothing on maintaining old infrastructure.
-
In the United States, the monopoly utility operates under a perverse incentive structure most people never see because it lives in rate cases, spreadsheets, and footnotes. It has a polite name—Rate-of-Return Regulation—but the logic is brutal:
They are allowed to earn a guaranteed return on new infrastructure.
They earn essentially nothing on maintaining old infrastructure.
-
In the United States, the monopoly utility operates under a perverse incentive structure most people never see because it lives in rate cases, spreadsheets, and footnotes. It has a polite name—Rate-of-Return Regulation—but the logic is brutal:
They are allowed to earn a guaranteed return on new infrastructure.
They earn essentially nothing on maintaining old infrastructure.
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The strong preference (63%) for digital currency as a "true IOU" and medium of exchange highlights a critical tension. Many people want digital money to be a utility for transactions, not a speculative asset or "hoard-able gem," aligning with a sustainable, humane economic model.
#cryptocurrency #digitalcurrency #money #finance #economy #bitcoin #fiat #iou #mediumofexchange #humantech #decentralisation #activism #poll #worldapp #philosophy #financialreform #speculation #utility #reform #economics
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CW: Money Did Not Come From Barter - It Came From Blood Feuds
Good video overall and at the end something of a good point:
💰 Taxes Drive Money
✊ Tax forces the need for mney
🇦🇨 Tax legitimizes demand for money for it's own leader's will and society ideas⬇️ #Video info: ⬇️
Money Did Not Come From Barter - It Came From Blood Feuds- Professor L. Randall Wray
📼 https://inv.nadeko.net/watch?v=X-D5FERQzU4
Professor L. Randall Wray, discussing the origin of money, which forms the foundational conception of money in Modern Monetary Theory. The usual origin story for money as given by economists is that humans began by bartering in markets, but that this was difficult because of the "double coincidence of wants" problem: I have to have something you want and you have to have something I want, right now, or else we can't trade.
From this, a medium of exchange is selected by an evolutionary process, beginning with seashells and beads, and eventually settling on gold.
Then, the story goes, people discover that gold is sort of burdensome to carry and difficult to protect, so they arrange to keep it with the village goldsmith. The goldsmith hands out receipts, and people realize that these receipts can be used as money in place of the gold. This is, supposedly the beginning of paper money. Then the goldsmith realizes that not everybody will come to claim their gold on the same day, so the goldsmith can create receipts from thin air and spend or lend them as money. This is, supposedly, the origin of bank lending, or credit money.
The biggest problem with this story is that there's no historical evidence for it whatsoever, nor do we observe barter-based markets today within the tribal societies that are still around. The reason is obvious: if you're living in a small tribe, you know everybody. You don't need exact, proportional, spot-trade equivalence of the kind used in barter if you're doing all of your business with your cousin, or your neighbor. In practice, we find that these kinds of societies arrange themselves along informal credit relations: I'll help you out a bit here, then you'll help me out with something else later.
This is problematic for the barter story because it doesn't involve quantitative relations, ie. there are no prices. When you are engaged in repeated informal credit with your cousin, you don't need to keep track of exactly who owes whom how much, nor what kind of goods are exactly equivalent to other goods.
The time when you DO want exact proportional equivalence is during punishment for crimes. This is the ancient tribal tradition of "weregild," or "man price," in which tribal societies would draw up detailed codes of law specifying fines imposed for specific crimes. Without these kinds of legitimated official punishments, violence would tend to cycle into blood feuds. Weregild is instituted in tribal societies to stop the blood feuds and revenge cycles.
So while exchange of goods for daily subsistence involved no prices, these lengthy schedules of fines would have exact, detailed prices for everything to be found in the village, to tell you what sort of payment would absolve you of your crimes. If the prices weren't viewed as fair, then the warring families would not be satisfied and the revenge would ensue.
From these fine schedules arises naturally the concept of the "unit of account," that is, money as a social measuring unit, which is used to measure the value of things. Almost always a measure of a weight of grain, this could serve as a common basis for specifying fines. Ie. cutting off somebody's ear would require paying 50 shekels, while cutting off their nose would require 70 shekels, etc, which a detailed listing of how many shekels a chicken was worth, how many a cow was worth, etc.
Next, as societies grew larger such that not everybody knew all of their neighbors, the concept of rough credit equivalence was transformed into exact credit. That is, instead of an informal IOU between neighbors, you could record (in some form) an IOU for an exact quantity, and this IOU could be transferable. These IOUs would get denominated in the unit of account used for the schedule of fines, and connote a obligation for general value ('you owe somebody something worth 50 shekels') rather than a specific good ('you owe me 10 pigs').
And finally, the schedule of fines would be managed by some sort of authority, which today we would call "the state." Fines might have originally began as payments to the victim's family, but along the way became payments directly to the authority, for use in the "public purpose." The authority could also issue IOUs in exchange for goods, and did so. When authorities would levy these fines, they would have realized that they could require the fine to be paid in the authority's own IOU, which would create a demand for that IOU (also denominated in the unit of account). The authority would be able to spend its IOUs to anybody in the community, then that person would spend that IOU with the person who owed the fine, and finally that person would use that IOU to satisfy the fine.
Today we call these state #IOUs "currency" and we carry them around in our wallets.
#IOU #Finance #Economy #GiftEconomy #Banks
" All #War starts with money "
- #FreeSchool -
CW: Money Did Not Come From Barter - It Came From Blood Feuds
Good video overall and at the end something of a good point:
💰 Taxes Drive Money
✊ Tax forces the need for mney
🇦🇨 Tax legitimizes demand for money for it's own leader's will and society ideas⬇️ #Video info: ⬇️
Money Did Not Come From Barter - It Came From Blood Feuds- Professor L. Randall Wray
📼 https://inv.nadeko.net/watch?v=X-D5FERQzU4
Professor L. Randall Wray, discussing the origin of money, which forms the foundational conception of money in Modern Monetary Theory. The usual origin story for money as given by economists is that humans began by bartering in markets, but that this was difficult because of the "double coincidence of wants" problem: I have to have something you want and you have to have something I want, right now, or else we can't trade.
From this, a medium of exchange is selected by an evolutionary process, beginning with seashells and beads, and eventually settling on gold.
Then, the story goes, people discover that gold is sort of burdensome to carry and difficult to protect, so they arrange to keep it with the village goldsmith. The goldsmith hands out receipts, and people realize that these receipts can be used as money in place of the gold. This is, supposedly the beginning of paper money. Then the goldsmith realizes that not everybody will come to claim their gold on the same day, so the goldsmith can create receipts from thin air and spend or lend them as money. This is, supposedly, the origin of bank lending, or credit money.
The biggest problem with this story is that there's no historical evidence for it whatsoever, nor do we observe barter-based markets today within the tribal societies that are still around. The reason is obvious: if you're living in a small tribe, you know everybody. You don't need exact, proportional, spot-trade equivalence of the kind used in barter if you're doing all of your business with your cousin, or your neighbor. In practice, we find that these kinds of societies arrange themselves along informal credit relations: I'll help you out a bit here, then you'll help me out with something else later.
This is problematic for the barter story because it doesn't involve quantitative relations, ie. there are no prices. When you are engaged in repeated informal credit with your cousin, you don't need to keep track of exactly who owes whom how much, nor what kind of goods are exactly equivalent to other goods.
The time when you DO want exact proportional equivalence is during punishment for crimes. This is the ancient tribal tradition of "weregild," or "man price," in which tribal societies would draw up detailed codes of law specifying fines imposed for specific crimes. Without these kinds of legitimated official punishments, violence would tend to cycle into blood feuds. Weregild is instituted in tribal societies to stop the blood feuds and revenge cycles.
So while exchange of goods for daily subsistence involved no prices, these lengthy schedules of fines would have exact, detailed prices for everything to be found in the village, to tell you what sort of payment would absolve you of your crimes. If the prices weren't viewed as fair, then the warring families would not be satisfied and the revenge would ensue.
From these fine schedules arises naturally the concept of the "unit of account," that is, money as a social measuring unit, which is used to measure the value of things. Almost always a measure of a weight of grain, this could serve as a common basis for specifying fines. Ie. cutting off somebody's ear would require paying 50 shekels, while cutting off their nose would require 70 shekels, etc, which a detailed listing of how many shekels a chicken was worth, how many a cow was worth, etc.
Next, as societies grew larger such that not everybody knew all of their neighbors, the concept of rough credit equivalence was transformed into exact credit. That is, instead of an informal IOU between neighbors, you could record (in some form) an IOU for an exact quantity, and this IOU could be transferable. These IOUs would get denominated in the unit of account used for the schedule of fines, and connote a obligation for general value ('you owe somebody something worth 50 shekels') rather than a specific good ('you owe me 10 pigs').
And finally, the schedule of fines would be managed by some sort of authority, which today we would call "the state." Fines might have originally began as payments to the victim's family, but along the way became payments directly to the authority, for use in the "public purpose." The authority could also issue IOUs in exchange for goods, and did so. When authorities would levy these fines, they would have realized that they could require the fine to be paid in the authority's own IOU, which would create a demand for that IOU (also denominated in the unit of account). The authority would be able to spend its IOUs to anybody in the community, then that person would spend that IOU with the person who owed the fine, and finally that person would use that IOU to satisfy the fine.
Today we call these state #IOUs "currency" and we carry them around in our wallets.
#IOU #Finance #Economy #GiftEconomy #Banks
" All #War starts with money "
- #FreeSchool -
#ArtistFave80s #Freeze #IOU 10 songs from the 1980s in no particular order. Freeze - IOU 1983.
Freeez IOU Official Clip -
Aaron Kwok Drama ‘IOU’ Unveiled by Distribution Workshop at Hong Kong FilMart
#Variety #Asia #Global #MarketsFestivals #News #AaronKwok #DistributionWorkshop #HongKongFilmart #IOU -
Aaron Kwok Drama ‘IOU’ Unveiled by Distribution Workshop at Hong Kong FilMart
#Variety #Asia #Global #MarketsFestivals #News #AaronKwok #DistributionWorkshop #HongKongFilmart #IOU -
Aaron Kwok Drama ‘IOU’ Unveiled by Distribution Workshop at Hong Kong FilMart
#Variety #Asia #Global #MarketsFestivals #News #AaronKwok #DistributionWorkshop #HongKongFilmart #IOU -
Aaron Kwok Drama ‘IOU’ Unveiled by Distribution Workshop at Hong Kong FilMart
#Variety #Asia #Global #MarketsFestivals #News #AaronKwok #DistributionWorkshop #HongKongFilmart #IOU -
Aaron Kwok Drama ‘IOU’ Unveiled by Distribution Workshop at Hong Kong FilMart
#Variety #Asia #Global #MarketsFestivals #News #AaronKwok #DistributionWorkshop #HongKongFilmart #IOU -
How to Save #USA,
1. Matrix style ("Guns — lots of guns" ~ #Neo) Yep, good luck with that idea
2. Buy USA. Good luck with that. I guess you could pay in anything except Crypto, Dollars or #IOU's
3. Isolate as a #toxic #Terrorist state. Strangely enough that is what will happen as #Isolationism is now official policy of the 'geniuses' now ready to be charged.
4. Ignore, #ridicule and document atrocities
5. Back-tax those poisoning minds, #environment and ... well everythingWhat is your #plan?
Anyways I am off to do better things.
- second breakfast, here I come
- meditate on the meaning of life/kindness and compassion
- exercise my body back into a state of 'fit for purpose
- read a library book
- join a queue (did not even know how to spell it)
- do something random (oh yes now that is a plan) 🏴 -
How irish pup owners were doubling as #bankers maintaining the cash #economy liquid during a monthlong banking strike
#Pubs
#Banking
#Iou
€Ioweyou
#Check
#Strike
#Innovation
#History
#Histodons -
How irish pup owners were doubling as #bankers maintaining the cash #economy liquid during a monthlong banking strike
#Pubs
#Banking
#Iou
€Ioweyou
#Check
#Strike
#Innovation
#History
#Histodons -
How irish pup owners were doubling as #bankers maintaining the cash #economy liquid during a monthlong banking strike
#Pubs
#Banking
#Iou
€Ioweyou
#Check
#Strike
#Innovation
#History
#Histodons -
How irish pup owners were doubling as #bankers maintaining the cash #economy liquid during a monthlong banking strike
#Pubs
#Banking
#Iou
€Ioweyou
#Check
#Strike
#Innovation
#History
#Histodons -
How irish pup owners were doubling as #bankers maintaining the cash #economy liquid during a monthlong banking strike
#Pubs
#Banking
#Iou
€Ioweyou
#Check
#Strike
#Innovation
#History
#Histodons -
Gavin Turek // #GavinTurek //
IOU
[single, 2024]//via // #MadamGoldRecords //
#brandunbrand #bandcamp #music #GavinTurek #IOU #AlexanderRidha #BoysNoize #PhebeStarr #SpencerLudwig
link bandcamp: https://gavinturek.bandcamp.com/track/iou
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Gavin Turek // #GavinTurek //
IOU
[single, 2024]//via // #MadamGoldRecords //
#brandunbrand #bandcamp #music #GavinTurek #IOU #AlexanderRidha #BoysNoize #PhebeStarr #SpencerLudwig
link bandcamp: https://gavinturek.bandcamp.com/track/iou
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Gavin Turek // #GavinTurek //
IOU
[single, 2024]//via // #MadamGoldRecords //
#brandunbrand #bandcamp #music #GavinTurek #IOU #AlexanderRidha #BoysNoize #PhebeStarr #SpencerLudwig
link bandcamp: https://gavinturek.bandcamp.com/track/iou
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Gavin Turek // #GavinTurek //
IOU
[single, 2024]//via // #MadamGoldRecords //
#brandunbrand #bandcamp #music #GavinTurek #IOU #AlexanderRidha #BoysNoize #PhebeStarr #SpencerLudwig
link bandcamp: https://gavinturek.bandcamp.com/track/iou
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American Water must be beside themselves with excitement. Just think of all the $ signs they are dreaming about. It's not everyday you stumble into a $3.7b payday along with an additional $65m annual profit.
We certainly need to remove these chemicals from the water supply but the cost should not be borne by ratepayers. Maybe 3M and DOW should get the bill?
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American Water must be beside themselves with excitement. Just think of all the $ signs they are dreaming about. It's not everyday you stumble into a $3.7b payday along with an additional $65m annual profit.
We certainly need to remove these chemicals from the water supply but the cost should not be borne by ratepayers. Maybe 3M and DOW should get the bill?
-
American Water must be beside themselves with excitement. Just think of all the $ signs they are dreaming about. It's not everyday you stumble into a $3.7b payday along with an additional $65m annual profit.
We certainly need to remove these chemicals from the water supply but the cost should not be borne by ratepayers. Maybe 3M and DOW should get the bill?
-
American Water must be beside themselves with excitement. Just think of all the $ signs they are dreaming about. It's not everyday you stumble into a $3.7b payday along with an additional $65m annual profit.
We certainly need to remove these chemicals from the water supply but the cost should not be borne by ratepayers. Maybe 3M and DOW should get the bill?
-
American Water must be beside themselves with excitement. Just think of all the $ signs they are dreaming about. It's not everyday you stumble into a $3.7b payday along with an additional $65m annual profit.
We certainly need to remove these chemicals from the water supply but the cost should not be borne by ratepayers. Maybe 3M and DOW should get the bill?
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Celsius Network Reportedly Turning Debt into Crypto IOU Tokens
https://www.coinspeaker.com/celsius-debt-crypto-iou-tokens/
#Cryptocurrencynews #celsiusnetwork #AltcoinNews #bitcooin #bitfinex #ethereum #celsius #usdcoin #News #usdc #btc #eth #iou
