When I was an American PhD student in Zurich, none of the Swiss banks would accept me—except the official post office bank. This was due to the stringent FATCA laws, which made U.S. citizens too burdensome for the traditionally privacy-centric Swiss banks.
Within the first few months, I accumulated around 40K CHF in salary that the university owed me (technically from the Swiss government, since researchers were federal employees). Eventually, the university emailed me to ask if I’d like to pick up my money in cash (Bargeld). Apparently, this wasn’t uncommon.
One day I went to the office to collect it. They asked which denomination I preferred (I assumed 20s or 100s). I asked for a mix, and they handed me several envelopes filled with 1,000 CHF notes and smaller bills. I distinctly remember carrying multiple envelopes. At one point, as I walked back to my office on top overlooking Zurich, a gust of wind blew behind me. I turned around and saw colorful 200 CHF and 1,000 CHF notes scattered along the road. I calmly walked back and picked them up.
For a few months, I paid my rent and groceries entirely in cash. The Swiss didn’t think anything of it—in fact, it was fairly common. Eventually, I was able to open an account and received a yellow two-factor authentication device that looked like an old calculator. I deposited the rest of the money and, for the remainder of my studies, used the “yellow calculator” to pay bills online by debit.
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQhylNX...
I never did receive an official Swiss credit card which was fine. However, I did accumulate funds a Swiss 401K which is another story unto itself.
One thing that has always amused me as a German is that for every banking/investing account I have ever opened they always included one question: Do you have an USA citizenship?
I assume with online banking this has become less of an issue, but apparently having US clients as a non-US bank is a massive hassle that no one wants to touch.
It's still a thing. The US thinks it's hot shit, wants banks all over the world to comply with extra requirements for US citizens, which no other country does. Banks don't want to deal with it. Ordinarily they'd just ignore stupid requirements coming from stupid countries like China, but when it's the US they don't want to be sanctioned.
Thankfully, the US is now trying to delete its special position so we may soon be in the situation where stupid requests from the US are treated the same as stupid requests from Russia.
I would assume they could also dump memory, i.e. `/dev/mem`. Agreed they would need to also do frequent memory snapshots, but lots of malware will also run in the background waiting indefinitely, and often as the same name as common Linux processes but different hashes.
Even if it’s sitting in the background under a spoofed process name, it can be caught with memory dumps.
Memory dumps are obnoxiously useful for detecting stealthy malware, especially if you do the memory dumps from the hypervisor instead of from the VM itself.
Intuit also produces Quickbooks -- which actually is SMB accounting software, and used internationally.
As most of their revenue is from businesses who wouldn't easily be able to free-file, I wouldn't be surprised if Intuit's lobbying to prevent a free tax filing offering from the government was causing them more harm than good.
And now QuickBooks is also a bank? Offering checking accounts? I suspect they’ve just partnered with a real bank to do so but the brand confusion is off the charts.
I imagine Quickbooks is adding more features as part of an upsell. The business loans by paying invoices upfront was a bit of a ZIRP policy though (now interest rates to SMB's likely would be prohibitively high, ~15%).
Congrats Geoff! During a trek for Iraq and Afghan war veterans, Geoff made the time to meet with us and provide office hours on our hairbrained ideas. A few of us made it into YC and are super appreciative of his support and feedback over the years. YC is lucky to have Geoff lead the organization.
Superhuman. Not cheap, but I love how fast it is with its native app (Electron I think). They write updates immediately locally, and sync that in the background, so you can breeze through your unsorted email quickly (pressing keyboard shortcut 'e'), and pressing 'tab' to switch between split inbox views. They also show read/open receipts if you enable it, and have keyboard shortcuts for unsubscribing as well. When you reach inbox zero they reward you with a new, beautiful picture every day.
A fully-featured integrated calendar is lacking but apparently will be improved in the coming year or so.
Princeton's current 2018 size is $25.9B. In 2001 it was $8.4B, so a annual growth rate of over 6% per year.
So Princeton would have to spend 1.6% of their endowment every year to offer free tuition to their students. Assuming their rate of return on the endowment (including alumni contributions) can grow faster than the cost of tuition growth, they can provide free tuition for their students indefinitely.
Is there a form of exercise you enjoy? Even walking is fine. Put on a podcast and go for a stroll (longer the better). Then afterwards, use the momentum and sense of accomplishment to push yourself to try something "strange" or out of your comfort zone. I think with Uber/Lyft drivers, I agree that the conversation in the car is very fleeting, so it's important to invest and try to build new relationships that will be more long-lasting (e.g. like a sports club, board games group, book groups, etc).
I'm about to give up, and let history repeat itself.
Yes--if an child inherits a house, they can inherit the property tax their parents paid, if they fill out the paperwork within 120 days-- I believe. Multiple children usually inherit the family home, with the eventual angry sale. The home goes back on the market, and full property taxes are paid.
Most kids aren't inheriting mansions. The're usually track houses in need of repairs. Most of the kids had blue collar parents, and never thought their bungalow would be worth a million dollars.
It's really getting old. If the younger set had any idea how politicians wasted that Prop 13 money; we wouldn't be blaming our current problems on Prop 13.
Blame your boss who who just has to live in the best neighborhood, with the best climate.
I guarantee if Prop 13 was repealed REITS, rich foreigners, and Zuckerburg types would swoop in and buy up most of the stock, and rent it back to employees.
Person who didn't see their dad crying at the dinner table, "But at least we would have more tax money?". Look at how your county spends your property taxes now; Not so good?
Within the first few months, I accumulated around 40K CHF in salary that the university owed me (technically from the Swiss government, since researchers were federal employees). Eventually, the university emailed me to ask if I’d like to pick up my money in cash (Bargeld). Apparently, this wasn’t uncommon.
One day I went to the office to collect it. They asked which denomination I preferred (I assumed 20s or 100s). I asked for a mix, and they handed me several envelopes filled with 1,000 CHF notes and smaller bills. I distinctly remember carrying multiple envelopes. At one point, as I walked back to my office on top overlooking Zurich, a gust of wind blew behind me. I turned around and saw colorful 200 CHF and 1,000 CHF notes scattered along the road. I calmly walked back and picked them up.
For a few months, I paid my rent and groceries entirely in cash. The Swiss didn’t think anything of it—in fact, it was fairly common. Eventually, I was able to open an account and received a yellow two-factor authentication device that looked like an old calculator. I deposited the rest of the money and, for the remainder of my studies, used the “yellow calculator” to pay bills online by debit. https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQhylNX...
I never did receive an official Swiss credit card which was fine. However, I did accumulate funds a Swiss 401K which is another story unto itself.