How To Develop An Effective eCommerce Business Plan

There is no doubt that eCommerce is a fast-growing and highly profitable industry. From large online retailers like Amazon Marketplace to smaller sites that sell to a more niche audience, you have tons of options to sell your products online. However, the success of your eCommerce venture will depend on your ability to establish a well-researched and pragmatic business plan. If you have a brilliant idea for an eCommerce business, but you just don’t know where to start, you’ll need some guidelines that help you through the early stages of launching a brand, matching competitors, gathering analytics, etc. Here are

The post How To Develop An Effective eCommerce Business Plan appeared first on Factual Facts.

These Knockoff Brands Are Sure to Make You LOL

It’s knockoff brand time!

I knew you’d be as excited as I am!

Because these imitation brands of big-name products provide a stream of never ending laughs.

You love them. I love them. WE ALL LOVE THEM.

Let’s take a look at some that are pretty hilarious, shall we? Start now!

1. That title seems a little bit familiar for some reason…

I just can’t put my finger on it…

coming to your nearest bookstore from crappyoffbrands

2. Break me off a piece of that Kat Kot bar!

I wonder how they actually taste…

I love these from crappyoffbrands

3. Otherwise known as “Tom and Jerry.”

“Cat and Rat” has a nice ring to it, though…

Cat and Rat..,.. from crappyoffbrands

4. Play the game that families just love!

And you get to yell out “UM” when you win!

U M from crappyoffbrands

5. Sounds a little bit like “Wednesday Addams.”

Am I right about this one?

Thank you, clearance aisle from crappyoffbrands

6. I feel like I just stepped onto a movie set!

It’s like Hollywood has come to life!

Two for the price of one! from crappyoffbrands

7. China excels at this kind of stuff.

Peppa Pig is literally everywhere!

Crappy or genius? from crappyoffbrands

8. Your wish did not exactly come true, did it?

Well, better luck next time.

Ordered a Pickle Rick pipe off Wish.com… from crappyoffbrands

9. That’s a good company.

Keep an eye on them, they’re on the rise.

Aggle protduc from crappyoffbrands

10. This all looks very familiar…

To a certain TV show that I’ve seen before…

Biohazard Boy from crappyoffbrands

11. Dr. Perky! I love it!

Give it a shot! You might like it!

Well alright from crappyoffbrands

12. Batman had one too many drinks.

Well, now he’s totally useless…

Batman from Infinity War from crappyoffbrands

13. I wonder what this character’s name is…

Leo the Lion?

Totally not r/funny from crappyoffbrands

Those are great!

And now we want to hear from you.

What do you think is the best knockoff brand that you’ve ever seen?

Share some photos with us in the comments. Thanks!

The post These Knockoff Brands Are Sure to Make You LOL appeared first on UberFacts.

Funny Knockoff Brands You Have to See to Believe

Pass me the Dr. Gulpster!

Or maybe the Dr. Rocket?

Okay, well if you’re out of those, I guess I’ll take the Dr. Thunder…

In case you have no idea what the hell I’m talking about, I’m referring to knockoff brands of Dr. Pepper. There are a ton of them out there for some reason, and I’ve always found them to be quite hilarious.

And, as you can probably imagine, there are knockoff brands for just about every kind of product out there, and they’re all pretty hilarious.

Are you ready to see some of them? Let’s take a look!

1. I can’t believe it’s not…

Man, there are a whole lot of these, huh?

What not butter! from crappyoffbrands

2. Something doesn’t look right here…

I can’t quite put my finger on it.

X-post from r/hmmm from crappyoffbrands

3. The exact opposite.

I wonder if it still keeps you warm…?

I love finding things like this at thrift stores. from crappyoffbrands

4. I love this guy.

A pretty funny story, if I do say so myself.

Oof, Starbucks. (Reposted from r/memes) from crappyoffbrands

5. Which one do you prefer?

Gimme that GFC!

Offbrand of offbrands from crappyoffbrands

6. You get what you pay for.

Don’t go cheap on any kind of cleaning robot!

Mother knew I wanted a Roomba but didn’t want to waste that much money on one. So she found one for a bargain! Note, it has zero vacuuming ability. from crappyoffbrands

7. Good thing your name is Mike.

Otherwise, it would have been embarrasing.

Paid $10 for it and didnt realize til I put it on.. at least it has my name on it from crappyoffbrands

8. This is blasphemy!

How dare you drag this name through the mud!

Who killed Orange Julius? Orange Brutus [Philippines] from crappyoffbrands

9. I think it might be FONY.

At least it’s kind of cheap…

Looks a bit… phoney doesn’t it from crappyoffbrands

10. That’s not a good sign…

I wonder if these are big sellers…

Saw this in a secondhand group. Not Uggs, but… from crappyoffbrands

11. I want Dave all over me.

Wait, did that sound weird?

My favorite soap from crappyoffbrands

12. Time to take a trip to Iran!

I need some Burger Next in my life.

Yum Yum from crappyoffbrands

What’s your favorite knockoff brand that you’ve ever seen?

Tell us about it in the comments.

And please share some pics if you have ’em. Thanks!

The post Funny Knockoff Brands You Have to See to Believe appeared first on UberFacts.

People Discuss Whether Kids Under 12 Should Have Access to the Internet

Well, this promises to be interesting…

Kids and their access to the Internet has been a pretty divisive issue among parents for quite a long time now and I don’t think it’s going anywhere…because the Internet sure isn’t!

AskReddit users debated whether young kids should have access to the Internet. Let’s see how it went.

1. No reason for it.

“They have no reason to have access to internet.

They will find information that will destroy their innocence

They will start being influenced by d*ckheads on the internet, e.g. Jake Paul.

Which will lead to a bunch of other problems.”

2. Limited access.

“They should have limited access.

When I was like 10-11 my parents monitored me but still let me have fun. Because of that I got to get into gaming, acting (online videos inspired me) and drawing (art you tubers).

Of course I found some edgy offensive humor and s*x jokes but kids still found out about those at that age before the internet.”

3. Depends on the kid.

“I think that’s because really it depends on the child, how they were raised and how naturally vigilant they are. (meaning a lot of active internet people disagree because they turned out fine)

You can’t just say all children need to be monitored, but it may be good to check on ‘em now and again just to be on the safe side.

However it is doubtful you will successfully protect a 11-13 year old from losing their ‘innocence’. This is the age where children start to get curious end will look for stuff whether the parent likes it or not.

Really I believe it’s better to provide a safe environment where they feel they aren’t patronized, but you can be sure nothing really bad happens. The alternative being them sating their curiosity will mean being forced to look for it elsewhere and god knows what they will be exposed to.”

4. Keep an eye on them.

“We monitor our kids fairly closely, and my six year old watches a ton of videos on science and nature.

He probably knows more than me about some topic because of it and it’s really made him even more interested in space, geography, etc.

He also watches videos about video games, but the good has definitely outweighed the time wasting.”

5. Has to be more specific.

“I wouldn’t agree that that is the right way to think of it. It’s like saying that kids shouldn’t read books because some books are not the correct content.

What I would agree with would be more specific. Certain material should be off limits which can be done quite easily with certain programs or firewalls etc. K9 web protection is maybe a good example.

I get what you are saying though.

But I don’t agree with cutting off their ability to watch Netflix (internet) maybe even Google cookie recipes (internet) say they like playing fireboy and watergirl (internet).”

6. Parental controls.

“I suggest parental controls/monitoring your child – it’s kind of hard to block or monitor everything. Like YouTube, there’s everything from children’s cartoons to violence.

I’m not a parent so I don’t know how much it takes to monitor a child on a device, I’m sure it’s not easy though.”

7. Gotta be careful.

“Good luck finding parents that will monitor their children by watching along with them.

Jake Paul is a famous d*ckhead that will get into your child’s head.

The classmates will try to make your kid watch his videos and in the end your kid will start to rebel you by seeing you as an overprotective chopper parent.”

8. Can be amazing.

“Watching my 9 year old son research how to mod Minecraft was amazing.

He literally uses computers and does research more effectively than many baby boomers I know.

He learned way more from that about research than he did at school.”

9. They don’t need it.

“I don’t possibly have the time to monitor their every internet usage.

Also, I don’t want or need to learn all the techno crap involved in blocking them from internet bad stuff.

I didn’t have internet at 12, they don’t need it either.”

10. Times have changed.

“I would’ve agreed with this 15 years ago when the internet was much newer.

But nowadays a lot of schools are even use the internet for learning and teaching. There’s a lot of important content that they may need to have access to.

And honestly, the internet has become a part of our daily lives like electricity is. It’s no longer a luxury or this crazy new thing.”

11. A fine line.

“Overprotectiveness can end in negative outcomes too. Teach your child what is internet, how to use it as a tool and only as a tool.

Internet is a means to an end. It gives you basically 70-80% of human knowledge at the end of your fingertips. Helps you keep in touch with people who are tens or hundreds kilometers away.

Can give you entertainment. But it can also show you things toxic, or be used as a weapon.”

12. As simple as that.

“Children should just be monitored by their parents. It’s really that simple.

There are many tools at a parents disposal to monitor child usage of a computer and of a web browser. If the parents are doing their job then the child won’t have access to anything detrimental to their psyche.

My child has learned so much that I am not capable of teaching him through monitored use of the internet.”

What do you think about this issue?

Sound off in the comments!

We’d love to hear from you!

The post People Discuss Whether Kids Under 12 Should Have Access to the Internet appeared first on UberFacts.

What Was the Worst Financial Advice You Ever Got? Here’s How People Responded.

Hearing stories about people making really bad decisions with finances and then suffering because of it always really bums me out.

That’s why the stories we’re about to read are ones that you should remember because they’re things you DO NOT want to do.

Are we clear on that? Good!

AskReddit users talked about the worst financial advice they ever received.

Let’s take a look.

1. It adds up.

“”Just get it at Rent A Center.”

I had a coworker that got pretty much everything there.

“It’s only $20/week, and they’ll replace it if it breaks.”

$20/week for how long? Oh cool, so you’re paying more than double for it? Got it.”

2. Bad idea.

“So when I was 24, I was financially struggling. I had a job that worked me a LOT of hours, but only paid me $10 an hour.

My parents talked me into buying a BRAND NEW 2004 4-Door Honda Civic, the pre-interest price tag on it was about $25,000. A few weeks after getting it, my hours got regulated and it took one entire paycheck to make the monthly note on it – I could NOT afford the insurance on it.

I very quickly realized my parents were bad at money.”

3. You gotta save.

“My FIL when I mention our retirement plan “I never contribute to my retirement account. Money now is always better than money later”.

I needed to have a conversation with my husband how we would NOT be supporting his mom and dad and their insane spending when they have no retirement plan and make huge financial mistakes on a weekly basis (good news is they both make good money).”

4. Terrible advice.

““Spend it quickly or it’ll get stolen.”

Coming from someone with a history of losing and blowing their money.”

5. Pyramid scheme.

“A relative tried to recruit me into Amway. He wound up stuck with a garage full of their products.

My mom joined and ended up having to buy their junk continuously. They also promised to pay her, she never saw a dime from them.”

6. Scammer.

“One of my uncles once told me that I never really had to pay my phone bill.

He suggested that I simply jump to another carrier and let the first company cut you off.

His life has turned out exactly as you’d imagine.”

7. Is that how it works?

“”Once you cut up the credit card, you don’t have to pay it.”

My cousin is not doing so hot.

I’m pretty sure there are warrants out for his arrest in several states.”

8. Get in early if you can.

“1976 San Franciso.

“Keep renting, no one will ever pay $35,000 for a 2 bedroom house and garage with a sweeping view of the East Bay.”

I went back to vist the old neighborhood a few years ago, those $35,000 stucco homes up many flights of steps perched on the top of Potrero Hill were now all gentrified, remodeled, gated, and asking $1M+ and that was 5 years ago.”

9. Hmmmm…

“Don’t take a raise if it puts you into the next tax bracket.

And pay the minimum on your credit card to establish good credit.”

10. Good thing you didn’t listen.

“”Don’t major in computer science. Computer scientists are a dime a dozen.”

I did not take that advice.”

11. But you get an iPad!

“About 5 years ago, I had a friend who was trying to convince me to study through a private college because they “gave her a free iPad”.

She never finished the course, but kept the iPad (you only got to keep it once you pay your fees and graduate. Mind you, the price of the course included the iPad so it wasn’t free).

So last year, four years later, I get a call from the college asking for her contact info. She put me down as a reference and they were chasing her down because she still owed her fees and wasn’t entitled to keep the iPad.”

12. Not smart.

“My cousin bought a camper, went camping once, and then decided camping wasn’t for them.

Rather than selling it they decided to just stop making the payments and “let the bank come and get it.”

Which, eventually, they did.”

13. They’ll go away, right?

“Just ignore the collection call and eventually they will leave you alone….

I didn’t follow this advice.

I had a parking ticket I didn’t know about that ended up on my credit and the guy I mentioned it to gave me that bit of wisdom.”

14. High roller.

“Not me, but my dad’s friend makes a decent more money than him.

He owns boats, takes luxurious trips, buys top of the line clothes and goes to the best restaurant where he orders the most expensive wine he can get. He always tells my dad to live more in the moment, telling him to invest in himself and enjoy his life.

My dad is happily planning his retirement with my mom.

This guy doesn’t have a dime saved. He will work to the day he dies.”

What’s the worst financial advice someone ever gave YOU?

Tell us your stories in the comments.

Thanks in advance!

The post What Was the Worst Financial Advice You Ever Got? Here’s How People Responded. appeared first on UberFacts.

People Discuss the Statement, “I’m Not Responsible for What Your Kids Hear Online, Even if I’m the One Saying It.”

The Internet and social media have completely revolutionized how we do almost everything in our lives.

The way we interact with each other, the way we do business…all of it has been impacted by this technology that was not available to us about three decades ago.

And, as you already know, the atmosphere online can be toxic, offensive, and troublesome, especially to kids.

So is it up to parents to shield their kids from this kind of material? Or do individuals have a responsibility to keep it clean and civil online?

Here’s what AskReddit user had to say about this.

1. Up to the parents.

“It’s the parents’ responsibility to protect their children from the Internet.

I say a lot of f*cked up sh*t while gaming and if you don’t block voice chat on games that your eight year old plays, that is your fault not mine.’

2. Agree to an extent…

“I agree to an extent.

Being on twitch, and most internet places, at 12 and under is usually against TOS. If the parent is already doing the streaming or they are internet savvy and know the ins and outs, then I feel it could be ok to stream as long as the parent and child are doing it together.

With the parent very strictly monitoring all communication first. And teaching the kid what is acceptable/unacceptable on the internet.

But I do also agree adults should not have to worry about censoring themselves in online interactions. As long as they aren’t harassing or engaging in illegal content, adults should not be compelled to cater to children.

Which is why I think it’s absolutely stupid that YouTube has been marking vids as unfriendly for advertisers if they have cuss words.”

3. MY JOB.

“My son wants to stream and do tournaments and stuff with me cuz both me and my partner play. We told him no.

Also he isn’t very good at it yet but he has potential. And the last and probably biggest reason is he’s f*cking annoying and people will tell him.

You’re right it is my job to monitor his sh*t not your job to watch what you say and I have had f*cking kids tell him they’ll murder me not realizing I’m in the party chat playing too.”

4. Keep an eye on them.

“Parents shouldn’t assume the internet is kid friendly and should vet what their kids are allowed to do online, especially online games where other gamers are over 18 and can say whatever they want.

That said, for kid friendly websites or direct message chats to an underage person, the overage person is responsible.”

5. Not kid-friendly.

“I grew up in the 2000s with the internet.

The internet was and never will be kid friendly, up to parents to implement parental controls.”

6. Nasty stuff.

“I always thought this was obvious till my kids were playing among us.

Sure they have the words bleeped out but they can still be exposed to nasty stuff.

I guess I still feel this way but want them to be able to experience fun online games without the smut.”

7. Do the research.

“If it’s a game marketed to kids and not like Fortnite but like specifically for kids then I hold you responsible.

Because in that case the parents did their research and you just played the wrong game.”

8. It can be toxic.

“I simply don’t let my kids play adult oriented games or any games with voice chat because I know some people kids AND adults can be toxic over chat.

It totally sucks for the kids who just want to chat and have fun. Toxic folks kinda ruin it for everyone and themselves.”

9. Cowardly excuse.

“Why do you feel not responsible for what others hear you saying?

Sounds like a cowardly excuse to me.

I mean sure, you are indeed not responsible for other peoples parenting to protect their child from toxic areas on the internet.

But it is still you “saying f*cked up sh*t” degrading everyones else experience. It is your responsibility keeping those places toxic.

I am not a kid. I still love to play online. I love anonymous team play interactions with strangers. But I am grossed out by the general low standards of communication in most games putting me off.”

10. Mute yourself.

“If I hear a kid, I’ll just mute them most probably and mute myself too cuz I f*cking hate children’s voices while gaming.

It just doesn’t go well with me but ik others who could just swear or say profane things while the kids is there.

I don’t give a f*ck, there’s a reason the games are rated a certain rating y’know. + Toxicity should be a well known thing nowadays.”

11. Take responsibility.

“Ultimately, parents need to take more responsibility for what their children see, hear and do.

When I was 13, I had already spent the last couple of years begging my parents to let me play WoW after watching them run around playing vanilla, but they always said not until I was older. When they finally caved, I got the biggest “people on the internet are weird” kind of talk.

A lot of the current generation of kids would have parents that spoke in chat rooms, on msn messenger, had a myspace account and probably stalked something fierce on omegle. So how are there so many parent oblivious to the imminent chaos found on any kind of online game?”

12. Good one!

“Here’s an unpopular opinion for ya…

You could also TRY to be a better person?”

13. Pretty crazy.

“I am in a PC builders group on facebook. The amount of parents that will join and ask:

“What is a good mic and headset for my son? He is 8 years old and plays Fortnite. He is really good so I want to help him start streaming. He wants a separate mic and headset but I’m not sure what that means.”

ITS INSANE.

And every time I try to say something like:

“I don’t mean to tell you how to parent, but I’m 32 and I don’t even want to get into streaming because it can be a pretty toxic environment. And recently there has been a lot of issues with younger kids being groomed by weird older and more popular streamers.

I highly suggest holding off on letting an 8 year old stream. The internet is very vast and you don’t know who they will start talking to and ultimately “entertaining”. They can see your son, tell your son to do things, and you son might do the things if he thinks he will get money or tricked by other means.

I highly highly suggest looking into what is involved in streaming. If it were my son I would not let them stream at 8 years old… if they were 16 I would consider it but it would have to be where I can monitor it… even at like 16.”

And that always gets a negative response about how they know all about streaming and what it is… yeah then why couldn’t you ask a streamer what mic to buy your son?

Clowns raising clowns.”

What do you think about this issue?

Please share your thoughts with us in the comments.

Thanks in advance!

The post People Discuss the Statement, “I’m Not Responsible for What Your Kids Hear Online, Even if I’m the One Saying It.” appeared first on UberFacts.

People Debate if Nuclear Energy Is the Best Option for the Good of the Environment

Whenever the word “nuclear” is mentioned, some people seem to get nervous because of the negative connotation it has.

But maybe nuclear energy is the ideal component we need moving forward when it comes to concerns about the environment?

I really don’t know much of anything about this subject, so I’m gonna leave it to the folks on AskReddit to debate this one for me.

Let’s take a look at what they had to say about it.

1. Here’s a hot take.

“The amount of long term waste with solar and wind is undeniably higher than with nuclear energy. Nuclear power plants in America that are not on fault lines are safe and are designed to be impossible to melt down (really).

A decentralized power system will always be more expensive than a centralized one, and we have the ability to make our grid carbon neutral in a matter of years. What are the downsides?

Why are politicians ignoring this obvious option. I’m not even talking fusion, just fission.”

2. Fear mongering.

“Of course people don’t talk about it, they hear the word nuclear and they think of Hiroshima, Chernobyl, Nagasaki.

The idea of nuclear energy has been pushed to be something feared.”

3. Fired up.

“This gets me f*cking mad.

Chernobyl was an incredibly outdated reactor already at the time it exploded, there was a human and structural mistake and were talking about a time when you were allowed to smoke inside f*cking hospitals, let’s be honest it would never happen again.

And Fukushima just makes me laugh cause it was literally caused by a freaking tsunami.”

4. Perceived as dangerous.

“You can compare it with air traffic: Aeroplanes are statistically the safest method of traveling, but when something goes wrong there are hundreds of dead people, so we perceive it as dangerous, altough it is actually the safest way of travelling.

The same goes for nuclear energy: It is the safest and most efficient way to produce energy, even when you include (very rare) terrible cases such as Chernobyl and Fukushima.”

5. The best option.

“It’s all about energy capacity per acre of land. I heard a Ted Talk and the scientist was saying that to have the UK use only solar, it would require about 1/3 of the land to be covered in solar cells.

Plus, the solar system installed in the Mojave Desert which impact the Desert Tortoise habitat. Wind farms actually ensnare bats, birds, etc. Both however, only work on small portions of land (where the sun shines or the wind blows), but even these power sources are subject to mother nature.

Nuclear on the other hand is incredibly energy dense per acre. If we had invested in nuclear years ago, we would be on generation 250. Also, nuclear energy only produces steam. And finally, we have the land use available to store nuclear energy should we finally get a national plan on how to deal with it.

Again, it’s what options do you have today to solve climate change – warts and all?

Nuclear is the best.”

6. Fission and fusion.

“People are too afraid that a nuclear bomb will go off or something, which can’t possibly happen at a power plant.

Fission and fusion are the only renewables energy types we should even bother pursuing.”

7. Those politicians…

“The 1980s scared people away, once the majority of people who remember those times are dead, nuclear will be easier to push.

Nuclear being bad was the truth for them, people don’t like when you questions something they’ve fundamentally believed for decades, they will just push the discussion away.

Politicians ain’t discussing nuclear because they know this.”

8. Some good info.

“Nuclear plants in their traditional forms have numerous technical issues that can end up prematurely shuttering the plant. Graphic cracking for example.

There’s no denying that nuclear energy is great for base load generation normally provided by thermal fossil fuel generators but the cost of building nukes in their most updated and safe hi-tech forms is enormous compared to adding renewable capacity and using hydro storage or battery with renewables!

Obviously not every energy system is the same but in modern economies by the time FF thermal generation shifts off we could engineer completely renewable systems!”

9. Stigmatized.

“Chernobyl kinda put a stick in it. However it was because of faulty construction.

Nuclear energy provides constant, clean and efficient energy. If you want green energy, go Nuclear.

Today’s process is much safer with more knowledge and understanding in past mistakes. It is the best way to go forward. It’s because of either misinformation, fear and the general media/public view on it.”

10. We need new options.

“Yes nuclear has it’s benefits and fission is simple enough that I understood it when I was 10. And safety management is done very well, using the same principles as with aviation.

But the downsides to the rare but certain f*ck ups are so serious that they change nations and the planet. And we still don’t know the long term effects of all the strontium and other fall out chemicals we all carry around in us, along with every other mammal.

Are you are aware that our governments lied their rectums off about this, ruining lives and careers? And still are? That doesn’t necessarily negate the possibility but reasonable people hesitate in the face of interest-groups-fueled government f*ckery.

Your statement about centralized vs decentralized power systems is bold.

And the long term waste – what are you talking about? And the energy involved in the entirety of each cycle (and hence, the total cost) … are you are aware of how they compare?

Ultimately we need new and better nuclear power options in general and the ultimate aim is to get to a position of having endless energy available that is cheaper than water. Development depends on it. And the trick will be creating power cycles that remove the additional carbon and other compounds from the system over time.”

11. Not the way forward.

“The future of the energy industry is not nuclear.

I’ve spent my career so far building and running electricity companies, and there are a few simple facts that have become apparent:

In modern, deregulated electricity industries, off-grid low voltage generation (think household solar panels) is rapidly reaching cost/performance parity with on-grid power. Investment in storage-based supply in batteries (as opposed to peak generation such as fossil fuel) is f*cking massive – renewables and batteries are projected to take 80% of the $15.1 trillion forecast investment in new power generation.

We will reach a tipping point in about 2035 where transporting electricity (colossal steel pylons and cables across countries) is more expensive than generating it and storing it close to the consumer What this means: Tomorrow’s electricity grids are distributed, made of many small nodes of generation and consumption, and not made of giant power plants with long inefficient transmission lines.

Today’s solar and wind plants can be spun up to utility scale in under a year. A nuclear plant has historically taken over 8 years to build and cost massive up-front capital. Nuclear plants are also designed to have operating lifetimes of 60+ years. Investing in nuclear is not only making a bet that nuclear will stay at the top of the price/kWh curve, but also that it will be there in a decade’s time and then stay there for half a century.

What this means: Nuclear is not only a losing bet based on current economic forecasts, but it’s an absolutely colossal bet that ties you down for 70 years whether you win or lose.

Pro-nuclear research is tainted by pro-nuclear lobbies and governments. Schrader-Frechette found that the majority of research that has pro-nuclear conclusions is funded by parties with conflicts of interest.

Fossil fuels are dying anyway (never fast enough, sadly), so the true question is not if we go renewable but which renewable to take, and it seems we can’t take for granted that pro-nuclear attitudes are based in unbiased critical thought. What this means: It may not even be true that nuclear energy is a good option – nevermind the best option – if we cannot trust the research.

Now, this sucks for me. I’m a huge physics fanboy, and thorium reactors and fission are absolutely my favourite ideas for future energy production. I’m attracted to space-age nuclear ideals at a very emotional level – I know how it feels – but the facts just aren’t panning out that way.

In the end, it’s not true that politicians are ignoring the “obvious” nuclear option. This is a very serious issue that very, very many of the worlds smartest are working on, and the sensible option is already the one we’re taking.

Turns out scientists are largely pretty good at what they do. Who’d have thought?”

12. Fearful of nuclear.

“The fossil feul industry obviously has a vested interest to keep people fearful of nuclear. They’ll spend lots of money on add campaigns covered with nuclear bomb explosions and zero facts.

I read recently that nuclear deaths per year is even less than some other green energies, wind iirc and that has to be a wake up call for those that are fearful. As for fossil fuel, its a no contest in comparison.

Fossil fuel has powerful lobbies, powerful corps and the republican party receives about 90% of their donations or something.”

What do you think about this?

Is nuclear energy the way to go for the good of our environment?

Talk to us in the comments and share your thoughts. Thanks!

The post People Debate if Nuclear Energy Is the Best Option for the Good of the Environment appeared first on UberFacts.

“How Can Rich People Go Bankrupt and Still Get Loans, but Average People Get Blacklisted for Years?” People Answer.

If it seems like there are two sets of rules in this world – one for the haves and one for everyone else, well, you’re not alone.

One of the places we see this discrepancy is when we lose everything, and are forced to file bankruptcy.

How is it that a rich person can go bankrupt multiple times and still receive loans and start new companies but if the average person declares bankruptcies they’re basically blacklisted for years and their credit is ruined? from NoStupidQuestions

A regular person is looking at 7-13 years of rebuilding their financial life.

A rich person is looking for a loan that will get them through to their next huge embarrassing failure.

If you’ve ever wondered why, this thread is for you!

17. They’re rich for a reason.

It’s all in how s/he organizes their business. A corporation is fully separate from the owner (shareholder), and in court and for tax purposes, they are treated like a separate person, which is why you file a corporate tax return.

In other words, a corporation can go bankrupt, but that will have little bearing on the owner (shareholder). Corporations have the privilege of being able to file for Chapter 11 Bankruptcy which simply allows the corporation to reorganize the company, whereas individuals can only file Chapter 7 (liquidate all your assets to discharge all your debts) or Chapter 13 (3 to 5 year repayment plan that discharges your debts). Both have a negative impact on an individual’s credit score.

In other words, rich people are rich because they know tax and business law better and take full advantage.

16. They’re protected.

The person didn’t declare bankruptcy, the corporation that the person owned declared bankruptcy.

This prevents the majority of the negative effects of bankruptcy from affecting the owner.

15. PR spin can do a lot.

There are vanishingly few chapter 11s that aren’t the result of some form of major failure or another. People put a lot of spin on what a filing really means for PR purposes, but believe me, a company does not undertake the incredibly expensive, painful, and laborious step of actually filing unless catastrophe is imminent or has already occurred.

The end result in the vast majority of these cases is that the owners (shareholders) are wiped out. Either a bankruptcy sale will happen, the proceeds of which run out in the middle of the capital stack long before reaching the shareholders, or some class of creditors will receive all of the equity in the reorganized debtor as partial satisfaction of the debt.

It’s true that chapter 11 rarely means the end of the business, but almost always, someone is getting megaf**ked in a chapter 11; the shareholders, then the unsecured creditors, in that order.

14. The system is rigged.

Yes this. But there is also something in the credit scoring algorithms that puts people into different buckets. For example, when I worked in real estate had 2 applicants for a place with the same low credit score of around 600.

One was 20 years old, really had no significant debt and defaulted on like a $60 dollar credit card bill out of probably pure negligence (her mom would be cosigning for the place)

The other guy bought and flipped properties, fell under water (this was around 2009) and defaulted on over $1m in loans. Same credit score.

13. Straight predatory.

I would actually say it’s not true that bankruptcy gets you blacklisted quite the contrary because your debt gets locked in for 7 years because you can’t file again for 7 years.

A lot of times a few months after someone files they get a lot of offers from credit card companies

12. There should be space for details.

This is something that’s frustrated me my whole life.

My credit isn’t good. But I messed it up keeping a roof over my head in college and beyond.

But my score gets looked at the same as some kid who signed up for credit cards and blew all the money on booze and trips and clothes.

Mine was spent on cheap rent and utilities and healthcare. I’m working my a$s off to fix it, and I will, I just wish there were more to it.

11. We don’t use the same applications.

Well, a lot of financing that rich people get is private investment, not bank loans.

So they’re not trying to convince a bank with a credit rating, they’re trying to convince investors with a value proposition.

10. It’s not personal.

This. Financial institutions are not the morality/personal choice police, all they care about is whether you pay or not and if you did that’s great and if you didn’t that’s bad.

If you defaulted on a debt because you had bad luck and had no choice but to do so to stay alive it’s the exact same result for them as someone that defaulted on a similar sized debt but for something else, like strippers, so you’ll be treated equally.

There’s nothing inherently “better” about someone that couldn’t pay out of desperation vs. someone that couldn’t pay out of mismanagement.

9. It’s all in who you know.

Rich/wealthy people use private banking when they use banks.

Credit scores don’t matter much in private banking.

If a rich person wants to finance a 10 million dollar mortgage and has a 100 million dollar investment account with the bank, they’re going to give him/her the loan without caring about anything other than the other outstanding debts that person has.

8. It depends.

This only works for some businesses though, right?

A corporation (like Toys R Us) can easily claim bankruptcy without directly affecting the individuals who are a part of the corporation.

In the case of a proprietorship (like a locally owned and operated store), for example, since the liability of the business is directly tied to the individual owner, wouldn’t that affect their financial standing as well?

7. Who cares about treason?

Or they are financed by Russian mafia who pay a fee to launder money through businesses.

When you have such a bad track record that no one will lend to you any more, you make deals that allow you to still make money on shitty businesses by laundering.

Or you get a “legit” loan through Deutschebank with ties to Russian mobsters.

6. It’s shady as heck.

Fun fact, this is why subcompanies exist too. most property companies will file each building as it’s own company eg. 123 Main St, LLC. and operate it as part of their business and just have that one declare bankruptcy if something drastic goes wrong.

The shadiest example of this is mining companies putting mines into separate companies when they go bust so that they don’t have to deal with the cleanup costs.

“That mine doesn’t belong to MegaCoal anymore, it is property of Toxic Pit, LLC! and Toxic Pit LLC would love to follow the legal steps and cleanup for the property, but they have approximately zero assets or money! Oh well, Toxic Pit is bust! I guess the government has to deal with it now!”

5. Must be nice.

In college I knew a girl who worked for a millionaire. He told her he’d made money and lost it several times. His advice to her was you never use your own money to make money, you use someone else’s.

Hence, as others have pointed out, a corporation that has people buying into it as an investment can go under and there is a separation between the corporation and the individual. This is not talking about a mom and pop gas station but larger businesses.

4. When the bank gambles.

Something I read a while ago on here…

“Take a thousand dollar loan, you worry.

Take a million dollar loan, both you and the bank worry.

Take a billion dollar loan, the bank worries.”

If I fail to repay the thousand dollar loan, the bank will come down heavy on me and I will either pay it or my wages get garnished until the entire loan (plus interest) is paid.

If I fail to pay back the billion dollar loan, the bank will work WITH me because they don’t want to take a massive hit.

3. It’s a classic for a reason.

It’s an old joke:

If you have $10,000 in debt, that’s your problem.

If you have $10,000,000,000 in debt, that’s the bank’s problem.

2. An interesting take.

There was a lot of impact on World War 1 about supporting a country at war for the survival of the country because they owe you money.

If you owe the bank money, the bank controls you. But if you owe the bank enough money, you control the bank. At that point the bank has an interest if your survival

1. Find the right loan officer.

I’m in financial services and here is the basics on this. Most lenders yes would blacklist the individual. But it also depends on the lender and the type of lending being done. Some lenders charge more (higher interest rates) for the added risk and others specialize in Asset Based lending, in which they don’t care about the individual but just the assets.

In most cases, real estate being the most valuable. Many cookie cutter lenders like the big 4 would not touch someone with a 10ft pool that has a BK, but that doesn’t mean someone won’t. There is a lender for everyone out there. Just need to find one.

I don’t know why the world is the way it is, but sometimes I really want off.

Do you think this is fair? Is there any way to change it?

Drop your thoughts in the comments!

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