I keep seeing reports that Elon Musk is the wealthies man on earth. Typically such reports use net worth – a fairly simple calculation that takes assets minus debts. As he’s considered in his current role in government – a private citizen – his actual bank account balances are unavailable but his stock ownership is publicly reported as part of his compensation package of the publically traded companies he owns.
The problem with wealth calculation is it assumes that assets are fully liquid and accessible, and that if Elon Musk wanted to fill up his bank account tomorrow, he could sell all his stocks and have a $234 or so billion dollar balance. Of course, that is not a realistic calculation – as many of shares may be restricted by his contract on how quickly he can sell them to avoid depressing the value of stock he owns, not to mention if he were to sell of a big block of stock, it would trigger a reduction of value to stock as the market became flooded with shares. The tax man would also take a large portion of proceeds as Capital Gains taxes when such stock was sold off.
Wealth is werid in that way. Many people who have net assets of significance don’t actually have access to that much case. An extreme example might be farmers and especially dairy men, who might have multi-million dollar holdings when you consider land, cows, equipment and crops. But they struggle to feed their own family off that limited milk check they get, with necessities of supporting the business like repairing and replacing broken farming equipment and paying property taxes on land taking a fair greater priority then their own needs, if they want to their business and ultimately their farm operation and income to continue.
Net assets is a valuable comparison in sense it gives some kind of estimate between groups of people about wealth. People can sell off illiquid assets, even if it comes at a steep cost compared to on paper value. But does it provide the great ability of comparison that people often give it? Assuming Elon Musk doesn’t want to canabalize his assets, how much money does he really have? How much money is actually in his bank account that he can draw upon today, without selling assets? We really do not know.
When I say I am considering various options, be it for housing or other choices in life,people often assume that because I’m considering option “X”, I have already decided option “X” it ill be.
The thing is when I’m undecided, I am undecided. If I dwell on an idea for a longer period of time, then I’m more like to choose that option, because I find that option more interesting and worthwhile. Often my earliest notions end up being the best option that I choose to go with, but that is not necessarily true. I like to take my time, evaluate all the facts and think carefully what I value most, even if it’s different from what you think is important.
The dataset represents the locations of combined sewer overflow (CSOs) outfall locations in DEC Region 4, specifically the Albany Pool. It also includes overflow detection capabilities of CSO communities and overflow frequency data within a specified timeframe.
Combined sewer systems (CSS) are sewer systems that are designed to collect storm water runoff, domestic sewage, and industrial wastewater in the same pipe and bring it to the publicly owned treatment works (POTW) facilities. During rain events, when storm water enters the sewers, the capacity of the sewer system may be exceeded and the excess water will be discharged directly to a waterbody (rivers, streams, estuaries, and coastal waters). http://www.dec.ny.gov/chemical/48595.html
The cities of Albany, Troy, Cohoes, Rensselaer, Watervliet, and the Village of Green Island make up the partner communities in the Albany Pool Communities. Among the six communities there are nearly 100 CSO discharge points. The Albany and Rensselaer County Sewer Districts are connected to the CSO program through their State Pollution Discharge Elimination System (SPDES) permits, and are cooperating with the Pool communities in implementation of the Long Term Control Plan (LTCP) for the abatement of CSOs. Read more about this program at http://www.cdrpc.org/CSO.html.
Where the City of Albany gets it's water from -- the Alcove and Basic Reservoirs.
The Alcove Reservoir is not only a larger reservoir and basin, it also has much higher water quality due to land cover. The Basic Reservoir is connected to the Alcove Reservoir via pipeline and Silver Creek but used only occasionally due to lower water quality and quantity.
