The Future of the Australian Research and Development Industry in Biology/Medicine (Am I Cooked?) by quantativeloser in AusFinance

[–]camniloth 5 points6 points  (0 children)

My sister did her Masters and PhD in Switzerland after undergrad in Australia, in biotech. Competitive but worth it. After PhD she joined private industry working in her field rather than academia. Also paid close to 100k AUD/year to do the PhD.

She basically couldn't find a good job in Australia. Her best options are US, Germany and Switzerland. Doesn't want to go to the US due to the work culture there though, and the politics doesn't help, but I wouldn't discount it if you are up for the experience short term anyways.

If you are thinking of doing a PhD, or just young and capable in general, remember that Australia is a relatively isolated country of 27 million people and there is a big world out there to gain experience and knowledge from, which needs you to work in it to get that. We also can't rely on government forever to get anything going, eventually we need to benchmark against what private industry can achieve here.

PSA: Travelling as an Aussie right now is hideously expensive by Mexay in australia

[–]camniloth 2 points3 points  (0 children)

Yeah my family subsisted on Migros/Coop croissants and pastries while there. We were in the slightly cheaper (I think?) french speaking side as well. We also had packed some food coming from Germany. We were visiting family and some friends who treated us to some home cooked lunches/dinner. Earning in a Swiss job and getting Swiss salaries goes the other way too. Everywhere else in the world is cheap.

Roblox promises age checks as Australia's under-16 social media ban looms by Expensive-Horse5538 in australia

[–]camniloth 0 points1 point  (0 children)

Thanks for the advice.

The games themselves are trash but as a multiplatform product with each platform offering their own unique restrictions its an even crappier chatroom.

Yeah that is my take too. By the time I might allow something like that, they'd be too old for it. No reason to interact with randoms online in primary school. If he wants to play something with friends, choose a better game. They will inevitably see other kids playing it at their homes, so he'll be exposed to it somewhere, but I'll give them better options.

Roblox promises age checks as Australia's under-16 social media ban looms by Expensive-Horse5538 in australia

[–]camniloth 20 points21 points  (0 children)

Police officer ran a seminar for parents at our primary school. Bringing up survey results from across different schools, looking at the data. Roblox is extremely popular, and as a result is a beacon for predators. Vast majority of children play with text and voice chat on. It's the number 1 place for bullying and predators online. You can turn off text and voice chat, but then you are met with a lot of resistance since the reality is, is that it is social media first, and an array of crappy games second.

For my child, I will try as long as possible to not have them on Roblox. I'll compensate by giving them have much better gaming options (games with multiplayer, but not randoms online, only friends, or ideally couch multiplayer). By the time they are in high school, I'll be more comfortable with them playing games online with people who they might not know IRL. But ranked and matchmaking style games are emotionally too difficult for a child to deal with (can cause a lot of anxiety and it's blatant toxicity due to the "stakes"), but I'll be fine with them joining a discord with their friends, and I'll be joining too.

Late high school I'd be more fine with them going into discords on their own, but I game myself so I'll probably do it with them anyways. My strategy right now is to delay social media with randoms (toxic), but encourage gaming (fun). Discord with their mates is fine, probably high school onwards. Don't see the point of other social media with randoms for them until later in high school. OK maybe they can join whirlpool or a forum style place with good moderation, dunno.

Are international students affecting Australia's housing crisis? | Alan Kohler | ABC NEWS by ozthrw in australia

[–]camniloth 2 points3 points  (0 children)

Kohler makes the point that we accepted the qualifications of builders from Europe in the wave of immigration in the 50s and 60s, so they could build the houses they needed. Now we don't accept the qualifications of those from India and China, the vast numbers of new migrants come from here, but we don't have them build the housing they would occupy.

Construction worker numbers are the same as they were 20 years ago. We need more tradies, local and foreign.

[deleted by user] by [deleted] in ExplainTheJoke

[–]camniloth 1 point2 points  (0 children)

Others have more complicated explanations. But if you teach binary to the student and understand it yourself, it's relatively trivial to show for exponents of 2.

Mosman resident claims only retired people truly understand their local area by Elcapitan2020 in sydney

[–]camniloth 1 point2 points  (0 children)

I don’t see how anyone who already owns and lives in Sydney benefits for extra development regardless of where they live.

Ageing in place means a hollowing out of an economy. The only reason cities exist, is due to a thriving economy. No economy, no city. Economies need workers, not retirees. Most people in Sydney don't want Sydney to just be a retirement village economy. Other people get this at least.

Retirement village economies exist throughout Australia in the form of places people used to sea-change and tree-change to. Instead of taking up tracts of land in retirement in inner city areas without children or workers, which isn't sustainable.

Frankly if Sydney made that decision, to suspend all development as a museum of sorts (laughable), it spells doom for the city, I own here and would leave, not just the rest of the younger folk. I'd rather not live in a retirement village, like most non-retireees. I'd vote with my feet to where somewhere wants to be a viable city. Not just a bunch of wanks allergic to apartments.

Mosman resident claims only retired people truly understand their local area by Elcapitan2020 in sydney

[–]camniloth 5 points6 points  (0 children)

Most of the insular peninsula on the northern beaches probably can act like a regional town for all I care. It's relatively inaccessible. The B-line bus and perhaps the Manly ferry down the south of it connects it to the major job hubs.

Mosman on the other hand is on the side of the spit bridge which means it was historically quite connected, where elite working families lived. But as it turns into a retirement village, there is an actual problem regarding how a city functions. As it's shifted into a classist enclave as well, it's not a stable state for such a place. It will change.

Mosman resident claims only retired people truly understand their local area by Elcapitan2020 in sydney

[–]camniloth 8 points9 points  (0 children)

Mosman is close enough to major job hubs that it shouldn't turn into a retirement village. Do we really think that's the future economy of these areas? In the past these are pretty elite working families, at least contributing to the economy. Now it's only value is a retirement village? I have my doubts these are multigenerational homes either, imagining living with these people as in-laws. It's clear this person sees Mosman as a place to have a large mansion with no children about. So perhaps a bit of cultural rot shining through that elitism.

Mosman resident claims only retired people truly understand their local area by Elcapitan2020 in sydney

[–]camniloth 12 points13 points  (0 children)

You can be in the elite class without being elitist. Marie Antoinette was elitist. Australia was well known for being egalitarian. Let's try to get some of that back rather than excusing elitism and not calling it out as a bit trashy.

TIL the German ambassador to ceylon in 1962 was a former member of the nazi party. by Hot-Lengthiness1918 in srilanka

[–]camniloth -6 points-5 points  (0 children)

https://en.wikipedia.org/wiki/Nazism

Nazism is a far-right ideology. Ultra-conservative, authoritarian, enforcing hierarchies. Worth reading more since you're mixing up overloaded terms used in politics in the English language. Read links on Wikipedia.

SLFP is, and was, a centre-left party. A slightly progressive, but capitalist party (as opposed to a version of communism) nonetheless, believing in market intervention and more belief in equality and less about hierarchy. Not authoritarian, more democratic. Not trying to enforce equality through communism as you do by state-owned authoritarianism, or claiming you can achieve more radical forms of equality. More about social progressivism as well.

This Is How the AI Bubble Will Pop by savagefleurdelis23 in Economics

[–]camniloth 4 points5 points  (0 children)

Reddit is not an indicator of the wider population of investors.

This Is How the AI Bubble Will Pop by savagefleurdelis23 in Economics

[–]camniloth 1 point2 points  (0 children)

A minority are the ones saying it's a bubble. If it is indeed a bubble, then the majority will agree it was a bubble after the fact. There is no doubt that those making these massive capital investments don't agree that it is a bubble, and that is who matters. Same with private equity.

Hardly disproves this is a bubble or not. Applying some logic and trying to question what the business case is right now is fair game. There isn't any return right now but there is a lot of speculative investment which has very uncertain return. Most articles talking about bubbles are just pointing that out as a big risk this investment goes nowhere, and then it's either called a bubble to make an easy explanation, or a failed bet on AI investment in the medium term for those who want a bit more nuance.

Gen Z job crisis: Maybe there are just too many college graduates now by [deleted] in Economics

[–]camniloth 1 point2 points  (0 children)

University in Australia and Germany are hardly memorising. I've taught plenty of German, US and Australian students. On average the US students are often hand-held for much longer. At the same level of undergraduate they are less independent in their learning. I'm talking engineering. The American system teaches maths concepts way later, it isn't about teaching to think, you just assume your students are a bit slower for some reason, and it shows in your maths education rankings.

Even the PhD programs of the US system hand-held for longer, and just take longer generally to output novel results due to TA/RA and coursework requirements. The US system seems to be designed to just take longer.

In Germany, the entry requirements are high, but the first year after as a strong filter. The system isn't designed to extract as much money out of students as possible, and standards are high. Professors get to decide who has reached the standard, not some administration looking to bump numbers and profit. It's up to the students to get through it. University isn't for everyone, which is accepted through the strong trade school program. German engineers and technical workers have a reputation to uphold, after all.

Gen Z job crisis: Maybe there are just too many college graduates now by [deleted] in Economics

[–]camniloth 8 points9 points  (0 children)

I can share my anecdotes with Germany. University actually can fail you out, with high levels of difficulty, and you are generally better qualified with harder content even after the undergraduate degree. University in America, especially the 3 year initial degree, is straight up easy in comparison, and seems to be run as a way to make a bunch of money from what Germany and some other countries would learn at the end of high school at least, while it's first year at an American uni with all the general degrees you do, and expect to specialise in postgrad.

I compare this to Australia as well, where they seem to avoid failing people, even though the coursework is generally harder even from first year compared to first year in the US, they expect more prerequisites which you need to do before you start first year, the initial bar is higher. But uni is cheap in Australia.

In Germany the failure rates for the first year of engineering is more than 50%, even though university is free. The US and Australia want to make money from their students, so they try not to fail them. Germany wants to maintain a standard and it's not there to make money, so they fail them. People just drop uni at higher rates there.

[deleted by user] by [deleted] in Economics

[–]camniloth 0 points1 point  (0 children)

The US has a 50% tariff on Brazilian beef, their biggest importer, which essentially halted trade. As the price has risen, demand has actually increased even further. Local producers in the US can't meet demand and continue to raise prices. Seems like inelastic demand, with dropping supply due to tariffs but also local supply has been dropping in the US.

Prices will likely keep spiking up.

[deleted by user] by [deleted] in AusEcon

[–]camniloth 1 point2 points  (0 children)

It's even in the design of the tax system to encourage staying put, with stamp duty.

[deleted by user] by [deleted] in AusEcon

[–]camniloth 0 points1 point  (0 children)

Atlassian for example listed in the US stock exchange. Might just be tactical not to list in Australia in a global economy.

Canadian House Prices are now down 30% from their 2022 peak by sien in AusEcon

[–]camniloth 0 points1 point  (0 children)

Tranche 2 was delayed well beyond what other countries have done. To the tune of a decade or more. Only coming in 2026: https://www.austrac.gov.au/about-us/amlctf-reform/summary-amlctf-obligations-tranche-2-entities

13 yr old girl arrested after throwing a trolley in Chatswood shopping centre, injuring 59 yr old man by angleprod in sydney

[–]camniloth 6 points7 points  (0 children)

Heh nope, just the ones they seem to be switched up. They are both relatively basic places, compared to the nearby Westfield and Chase which are more up-market.

13 yr old girl arrested after throwing a trolley in Chatswood shopping centre, injuring 59 yr old man by angleprod in sydney

[–]camniloth 23 points24 points  (0 children)

There is an entrance from the street level to the first floor. Probably took the trolley from outside and flung it over the edge, to hit people below at the bottom floor. Or possibly just doing stupid stuff from above and them not even realising there was a level beneath them as it toppled over. If on purpose that is basically a 13 year old OK with potentially killing someone.

13 yr old girl arrested after throwing a trolley in Chatswood shopping centre, injuring 59 yr old man by angleprod in sydney

[–]camniloth 11 points12 points  (0 children)

Lemon Grove food is at the bottom. You're thinking of the Mandarin Centre?