Stoic News

By Dave Kelly

Saturday, September 17, 2005

Deposed Royalty: Pascal’s Anthropological Argument

Pascal found both Stoicism and Skepticism to be fatally lacking.

"Each system of thought contains a truth negated by the other. Stoicism conserves greatness and rejects wretchedness, thus lapsing into presumption and pride. Skepticism conserves wretchedness and rejects greatness, thus lapsing into despondency. Even though it appears that “there would be formed from their alliance a perfect system of morals,”22 the two systems of thought cannot be synthesized by selecting compatible elements from each system. This is because Stoicism promotes certainty, while skepticism promotes doubt; Stoicism argues for the greatness of humanity, and skepticism argues for the weakness of humanity. Given this incompatibility, each system “would destroy the truths as well as the falsehoods of each other.”23 Neither system can stand alone because of its one-sidedness, nor can the two systems unite because of their mutually exclusive presuppositions. Each view contradicts the other while, nevertheless, offering partial truths reconcilable only through another anthropology entirely: that provided by the Christian doctrine of creation and the fall. “Thus they break and destroy each other to give place to the truth of the Gospel.”"

7 Comments:

Blogger Mr. X said...

Funny thing about Pascal, no matter what the question, the answer always seems to 'give place to the truth of the Gospel.' It's almost like he was an evangelist or something...

Yours truly,
Mr. X

...unpersuaded...

9:47 AM  
Anonymous press said...

Special DNN - BUSINESS NEWS Report For Dave!

-- FOR IMMEDIATE RELEASE -- PRESS RELEASE DNN - BUSINESS NEWS.
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THE NETHERLANDS, October, 2005 - The tenmilliondollarwebsite.com takes pixel advertising several big steps further. As you can see on http://tenmilliondollarwebsite.com/blog The site had more than 100,000.00 pageviews in 6 weeks being online!! We now have an Alexa page rank far into the 100.000 says Walter proud. He and Janwillem, two guys from The Netherlands are the owners of the site.

They want to live their dream and start an own (Internet) marketing, hosting and consultant business, using the proceedings of the site... They have without a doubt the most valuable name...

To boost the value of your TROPI (Traffic Return On Pixel Investment we learned) they organized a huge and unique promotion!
Asking about this special promotion, Janwillem says: As said before, we can do something no other million dollar website can do: We are giving away more than $2.000.000,00!!

We will give one of our advertisers $2.000.000,00 ( two million dollars) as soon as our site is filled for 50%! The best thing about it is: Nobody needs to participate in any kind of lottery to have a chance to become a millionaire.

We asked the guys from Holland who will get the money then and what they have to do for it;. It is simple, they replied. To win this $2.000.000,00, you'll need to become the largest advertiser on our site and we'll personally give you $2.000.000,00 (two million dollars). We will do so as soon as our site is filled for 50%!!

On top of this, we'll choose five of our advertisers at random, no matter what size or time they are with us, and reward them each with $100.000,00! Also after the site is filled for 50%! So, in fact, we are giving away $2,500.000,00! Part of that could be yours. All you need to do is buy some pixels on our site!

Walter tells us that he knew their site would become a success and now he predicts this promotion will boost the site in the top five movers and shakers!!' We are here to set records! And we will. This means great exposure for all of our advertisers! We have had people boosting their sales figures mainly by the visitors they get from us!

A great stunt like this will certainly attract oceans of curious and click happy people who will be visiting our site. Who would not want to get $2.000.000,00 in cash from the ten million dollar website? Just for being the largest advertiser on the only TEN million dollar website!

Both guys smile when they say: We'll invite anyone to buy pixels and have a chance to change their lives!
Wow, Even if you would buy advertisement for $1.000.000,00 you'd still gain a full 100%
Remember! Your $100,00 pixel friends placed on our site could mean you gain at least $100.000,00!!!

We are no students, and we are not looking to pay for college. Yet, when the site is successful enough, we would love to pay and we will pay for people who never had college or even seen a school before in their lives. We have made plans when the site reaches a certain level of success, says Janwillem.

Find out more about Walter and Janwillem, W2solutions.info and their www.tenmilliondollarwebsite.com
W2solutions.info will be a Dutch business which offers profit design, profit solutions, web hosting services, consultation services and they endeavor to use own design as well as open source software for client projects wherever possible in order to keep development costs down. We are working very hard to try and get this baby walking. The site will be a great help. We ask anyone to buy our pixels.

Be their largest advertiser and gain $2.000.000,00!

Because bigger is better.


www.tenmilliondollarwebsite.com
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11:29 PM  
Blogger Wealthy from the internet said...

Hi Dave,

Have you heard of zoekmachine marketing? It is Dutch for searchengine marketing.
The best compnay in the Netherlands for zoekmachine marketing, or as English people call itsearchengine marketingis by farW2Solutions!. It is an Nederlandse internet marketing bedrijf or company.

They actually guarantee de hoogste zoekmachine plaatsing that means zoekmachine marketing wise the highest searchengine ranking.

They will place you on the first page of yahoo In holland we say nummer 1 op yahoo.

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OR even zoekmachine marketing? It is Dutch for searchengine marketing.

They'll place you on the top page from yahoo within 5 days!

Say, Dave

When is the last time you made money online?

Take a good look at www.richin2006.com. This site guarantees anyone to be rich in 2006. The site is about making some serious money online!.

It is described into detail for you. And, concidering you can take your new homebased business to the highest level in an instant, you will figure out that you can earn $ 1000,00 per day! can make you some serious cash. Thousands of people are making online cash with my working formula
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Regards,

professional Money makers online.

2:32 PM  
Anonymous lost blog said...

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3:02 PM  
Anonymous Anonymous said...

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Debt Settlement
Debt Relief can help you reduce your interest burden by charging an interest rate lower than the rate on your existing loans. Debt consolidation loan can also allow you to make small monthly payments by extending the loan period
http://www.debt-consolidation.com

9:48 PM  
Anonymous Anonymous said...

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5:04 PM  
Anonymous Anonymous said...

Debt Consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.

Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it involves a secured loan against an asset that serves as collateral, which is most commonly a house (in this case a mortgage is secured against the house.) The collateralization of the loan allows a lower interest rate than without it, because by collateralizing, the asset owner agrees to allow the forced sale (foreclosure) of the asset in order to pay back the loan. The risk to the lender is reduced so the interest rate offered is lower.

Sometimes, debt consolidation companies can discount the amount of the loan. When the debtor is in danger of bankruptcy, the debt consolidator will buy the loan at a discount. A prudent debtor can shop around for consolidators who will pass along some of the savings. Consolidation can affect the ability of the debtor to discharge debts in bankruptcy, so the decision to consolidate must be weighed carefully.

Debt consolidation is often advisable in theory when someone is paying credit card debt. Credit cards can carry a much larger interest rate than even an unsecured loan from a bank. Debtors with property such as a home or car may get a lower rate through a secured loan using their property as collateral. Then the total interest and the total cash flow paid towards the debt is lower allowing the debt to be paid off sooner, incurring less interest. In practice, many people are in credit card debt because they spend more than their income. If that habit continues, the consolidation will not benefit them much because they will simply increase their credit card balances again.

Because of the theoretical advantage that debt consolidation offers a consumer that has high interest debt balances, companies can take advantage of that benefit of refinancing to charge very high fees in the debt consolidation loan. Sometimes these fees are near the state maximum for mortgage fees. In addition, some unscrupulous companies will knowingly wait until a client has backed themselves into a corner and must refinance in order to consolidate and pay off bills that they are behind on the payments. If the client does not refinance they may lose their house, so they are willing to pay any allowable fee to complete the debt consolidation. In some cases the situation is that the client does not have enough time to shop for another lender with lower fees and may not even be fully aware of them. This practice is known as predatory lending. Certainly many, if not most, debt consolidation transactions do not involve predatory lending.

Student Loan Consolidation
In the United States, federal student loans are consolidated somewhat differently, as federal student loans are guaranteed by the U.S. government. In a federal student loan consolidation, existing loans are purchased and closed by a loan consolidation company or by the Department of Education (depending on what type of federal student loan the borrower holds). Interest rates for the consolidation are based on that year's student loan rate, which is in turn based on the 91-day Treasury bill rate at the last auction in May of each calendar year.

Student loan rates can fluctuate from the current low of 4.70% to a maximum of 8.25% for federal Stafford loans, 9% for PLUS loans. The current consolidation program allows students to consolidate once with a private lender, and reconsolidate again only with the Department of Education. Upon consolidation, a fixed interest rate is set based on the then-current interest rate. Reconsolidating does not change that rate. If the student combines loans of different types and rates into one new consolidation loan, a weighted average calculation will establish the appropriate rate based on the then-current interest rates of the different loans being consolidated together.

Federal student loan consolidation is often referred to as refinancing, which is incorrect because the loan rates are not changed, merely locked in. Unlike private sector debt consolidation, student loan consolidation does not incur any fees for the borrower; private companies make money on student loan consolidation by reaping subsidies from the federal government.

Student loan consolidation can be beneficial to students' credit rating, but it's important to note that not all federal student loan consolidation companies report their loans to all credit bureaus; Experian or Transunion, which means that students will have differing credit scores at Equifax Transunion, and Experian.

Mortgage Loan Types
There are many types of mortgage loans. The two basic types of amortized loans are the fixed rate mortgage (FRM) and adjustable rate mortgage.

In a FRM, the interest rate, and hence monthly payment, remains fixed for the life (or term) of the loan. In the U.S., the term is usually for 10, 15, 20, or 30 years. The only increase a consumer might see in their monthly payments would result from an increase in their property taxes or insurance rates (paid using an escrow account, if they've opted to use an escrow). But payments for principal and interest will be consistent throughout the life of the loan using an FRM.

In an ARM, the interest rate is fixed for a period of time, after which it will periodically (annually or monthly) adjust up or down to some market index. Common indices in the U.S. include the Prime Rate, the London Interbank Offered Rate (LIBOR), and the Treasury Index ("T-Bill"). Other indexes like 11th District Cost of Funds Index, COSI, and MTA, are also available but are less popular.

Adjustable rates transfer part of the interest rate risk from the lender to the borrower, and thus are widely used where unpredictable interest rates make fixed rate loans difficult to obtain. Since the risk is transferred, lenders will usually make the initial interest rate of the ARM's note anywhere from 0.5% to 2% lower than the average 30-year fixed rate.

In most scenarios, the savings from an ARM outweigh its risks, making them an attractive option for people who are planning to keep a mortgage for ten years or less.

Additionally, lenders rely on credit reports and credit scores derived from them. The higher the score, the more creditworthy the borrower is assumed to be. Favorable interest rates are offered to buyers with high scores. Lower scores indicate higher risk to the lender, and lenders require higher interest rates in such scenarios to compensate for increased risk.

A partial amortization or balloon loan is one where the amount of monthly payments due are calculated (amortized) over a certain term, but the outstanding principal balance is due at some point short of that term. This payment is sometimes referred to as a "balloon payment". A balloon loan can be either a Fixed or Adjustable in terms of the Interest Rate. Many Second Trust mortgages use this feature. The most common way of describing a ''balloon loan'' uses the terminology X due in Y, where X is the number of years over which the loan is amortized, and Y is the year in which the principal balance is due. A contract could be written up so there would be more than one "balloon payment" required to be paid during the life of the loan.

Other loan types
Assumed mortgage
Blanket loan
Bridge loan
Budget loan
Commercial Loan
Deed of trust
Equity loan
Hard money loan
Jumbo mortgages
Package loan
Participation mortgage
Reverse mortgage
Repayment mortgage
Seasoned mortgage
Term loan or Interest-only loan
Wraparound mortgage
Negative amortization loan
Non-Conforming Mortgage

Debt Consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.

Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it involves a secured loan against an asset that serves as collateral, which is most commonly a house (in this case a mortgage is secured against the house.) The collateralization of the loan allows a lower interest rate than without it, because by collateralizing, the asset owner agrees to allow the forced sale (foreclosure) of the asset in order to pay back the loan. The risk to the lender is reduced so the interest rate offered is lower.

Sometimes, debt consolidation companies can discount the amount of the loan. When the debtor is in danger of bankruptcy, the debt consolidator will buy the loan at a discount. A prudent debtor can shop around for consolidators who will pass along some of the savings. Consolidation can affect the ability of the debtor to discharge debts in bankruptcy, so the decision to consolidate must be weighed carefully.

Debt consolidation is often advisable in theory when someone is paying credit card debt. Credit cards can carry a much larger interest rate than even an unsecured loan from a bank. Debtors with property such as a home or car may get a lower rate through a secured loan using their property as collateral. Then the total interest and the total cash flow paid towards the debt is lower allowing the debt to be paid off sooner, incurring less interest. In practice, many people are in credit card debt because they spend more than their income. If that habit continues, the consolidation will not benefit them much because they will simply increase their credit card balances again.

Because of the theoretical advantage that debt consolidation offers a consumer that has high interest debt balances, companies can take advantage of that benefit of refinancing to charge very high fees in the debt consolidation loan. Sometimes these fees are near the state maximum for mortgage fees. In addition, some unscrupulous companies will knowingly wait until a client has backed themselves into a corner and must refinance in order to consolidate and pay off bills that they are behind on the payments. If the client does not refinance they may lose their house, so they are willing to pay any allowable fee to complete the debt consolidation. In some cases the situation is that the client does not have enough time to shop for another lender with lower fees and may not even be fully aware of them. This practice is known as predatory lending. Certainly many, if not most, debt consolidation transactions do not involve predatory lending.

Student Loan Consolidation
In the United States, federal student loans are consolidated somewhat differently, as federal student loans are guaranteed by the U.S. government. In a federal student loan consolidation, existing loans are purchased and closed by a loan consolidation company or by the Department of Education (depending on what type of federal student loan the borrower holds). Interest rates for the consolidation are based on that year's student loan rate, which is in turn based on the 91-day Treasury bill rate at the last auction in May of each calendar year.

Student loan rates can fluctuate from the current low of 4.70% to a maximum of 8.25% for federal Stafford loans, 9% for PLUS loans. The current consolidation program allows students to consolidate once with a private lender, and reconsolidate again only with the Department of Education. Upon consolidation, a fixed interest rate is set based on the then-current interest rate. Reconsolidating does not change that rate. If the student combines loans of different types and rates into one new consolidation loan, a weighted average calculation will establish the appropriate rate based on the then-current interest rates of the different loans being consolidated together.

Federal student loan consolidation is often referred to as refinancing, which is incorrect because the loan rates are not changed, merely locked in. Unlike private sector debt consolidation, student loan consolidation does not incur any fees for the borrower; private companies make money on student loan consolidation by reaping subsidies from the federal government.

Student loan consolidation can be beneficial to students' credit rating, but it's important to note that not all federal student loan consolidation companies report their loans to all credit bureaus; Experian or Transunion, which means that students will have differing credit scores at Equifax Transunion, and Experian.

Mortgage Loan Types
There are many types of mortgage loans. The two basic types of amortized loans are the fixed rate mortgage (FRM) and adjustable rate mortgage.

In a FRM, the interest rate, and hence monthly payment, remains fixed for the life (or term) of the loan. In the U.S., the term is usually for 10, 15, 20, or 30 years. The only increase a consumer might see in their monthly payments would result from an increase in their property taxes or insurance rates (paid using an escrow account, if they've opted to use an escrow). But payments for principal and interest will be consistent throughout the life of the loan using an FRM.

In an ARM, the interest rate is fixed for a period of time, after which it will periodically (annually or monthly) adjust up or down to some market index. Common indices in the U.S. include the Prime Rate, the London Interbank Offered Rate (LIBOR), and the Treasury Index ("T-Bill"). Other indexes like 11th District Cost of Funds Index, COSI, and MTA, are also available but are less popular.

Adjustable rates transfer part of the interest rate risk from the lender to the borrower, and thus are widely used where unpredictable interest rates make fixed rate loans difficult to obtain. Since the risk is transferred, lenders will usually make the initial interest rate of the ARM's note anywhere from 0.5% to 2% lower than the average 30-year fixed rate.

In most scenarios, the savings from an ARM outweigh its risks, making them an attractive option for people who are planning to keep a mortgage for ten years or less.

Additionally, lenders rely on credit reports and credit scores derived from them. The higher the score, the more creditworthy the borrower is assumed to be. Favorable interest rates are offered to buyers with high scores. Lower scores indicate higher risk to the lender, and lenders require higher interest rates in such scenarios to compensate for increased risk.

A partial amortization or balloon loan is one where the amount of monthly payments due are calculated (amortized) over a certain term, but the outstanding principal balance is due at some point short of that term. This payment is sometimes referred to as a "balloon payment". A balloon loan can be either a Fixed or Adjustable in terms of the Interest Rate. Many Second Trust mortgages use this feature. The most common way of describing a ''balloon loan'' uses the terminology X due in Y, where X is the number of years over which the loan is amortized, and Y is the year in which the principal balance is due. A contract could be written up so there would be more than one "balloon payment" required to be paid during the life of the loan.

Other loan types
Assumed mortgage
Blanket loan
Bridge loan
Budget loan
Commercial Loan
Deed of trust
Equity loan
Hard money loan
Jumbo mortgages
Package loan
Participation mortgage
Reverse mortgage
Repayment mortgage
Seasoned mortgage
Term loan or Interest-only loan
Wraparound mortgage
Negative amortization loan
Non-Conforming Mortgage

10:04 PM  

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