#carry forward

The argument tends to break down if you poke at it. A single purchasable asset is never atomic - the purchased item is comprised of many parts like the 3D model, the diffuse textures, normal map, occlusion map, any other materials, rigging, animations, shaders, and so on. The vast majority of assets can't be dragged and dropped into a new game without some changes made to some of those elements in order to make sure the finished asset looks right within the new game. Epistemologically, it's a question of how many elements must be the same in order to retain (reasonably) the quality of "sameness" in the player's mind, and thus retain ownership of (or access to) that asset.

Regardless of opinions on partial ownership and whatnot, the reality is that players generally want value for their money and dislike it when we offer things they want at a price point they are unwilling to pay. In this situation, some players feel frustrated that their purchases don't carry forward, so they voice their opinions. Some game devs have listened and tried to address this - Call of Duty, for example, carried purchases from MW2 to MW3 and kept support for those purchased items in the new game. If MW3's carry-forward is wildly successful, other devs will take notice. If it is not, it is likely the initiative will be retired and developments will move on. Personally, I think it is unreasonable to expect that game developers must continue to spend their development time each game to support legacy player purchases for the rest of time.

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WASHINGTON | Fed officials: Trump complaints won't affect rate decisions

WASHINGTON— Two top Federal Reserve officials said Thursday that President Donald Trump’s complaints that the Fed’s interest rate increases risk hurting the U.S. economy won’t affect their decisions on whether to raise rates.

Esther George, president of the Fed’s Kansas City regional bank, said she thinks two more rate increases this year “could be appropriate” in light of the strong economy. And Robert Kaplan, head of the Dallas regional bank, said he expected three to four rate hikes over the next nine to 12 months.

Both separately dismissed any notion that Trump’s critical comments about the Fed’s rate increases would factor into their policies.

“Our job at the Fed is to make decisions on monetary policy and supervision without regard to political considerations, and I’m confident we’ll continue to do that,” Kaplan said in a CNBC interview.

George, in a separate CNBC interview, said, “Expressions of angst about higher interest rates are not unique to this administration.” She suggested that Congress had “anticipated this kind of tension when they designed the central bank, and they put firewalls in place so that the central bank can be independent and carry forward with its decision making.”

The remarks from Kaplan and George came as central bankers gathered for their annual summer conference in Jackson Hole, Wyoming, sponsored by the Kansas City Fed. Fed Chairman Jerome Powell will give the conference’s keynote address Friday morning, with investors focused on what he might signal about the future path of rate hikes in light of Trump’s comments and economic developments.

Minutes of the Fed’s meeting from early this month showed growing concern about the threats created by the trade war Trump has initiated through the imposition of penalty tariffs on China and other countries.

In her interviews, George said she was hearing growing worries about damaging effects of the tariffs.

“Farmers who grow soybeans are concerned about the implications,” she told CNBC. “Businesses that have some part of the supply chain that they think could get disrupted are raising questions about the uncertainty in terms of their own investment.”

Despite the risks from trade disputes, George said she thought the economy was performing strongly and regarded further Fed rate hikes as justified.

“I think two more rate hikes this year could be appropriate,” she told Bloomberg TV.

Kaplan said he believed the Fed should raise rates “three or four times over the next nine to 12 months” to lift its key policy rate to a neutral level, where it is neither boosting growth or restraining the economy. The Fed’s key rate is in a range of 1.75 percent to 2 percent, and officials have pegged the neutral rate at 2.9 percent. That would suggest that three to four more quarter-point rate increases would lift the policy rate to the Fed’s perceived neutral level.

In June, the Fed predicted a total of four hikes this year, up from an earlier estimate of three.

Trump has made comments recently expressing unhappiness about the Fed’s rate hikes after having kept silent during his first year in office when the Fed boosted rates three times under Chair Janet Yellen. Trump tapped Powell to succeed Yellen after deciding not to offer her a second term.

In an interview with Reuters on Monday, Trump said he hadn’t decided yet whether he had made the right call in selecting Powell. “Am I happy with my choice?” he asked. “I’ll let you know in seven years.”

A full term on the Fed board is 14 years, a duration that is intended to insulate Fed officials from political pressure. Powell has a four-year term as chairman.

George told Fox Business Network that the firewalls that protect the Fed’s independence were needed to allow “the Fed to keep its focus on the public interest and the long-run nature of the economy and that’s what we’re doing.”

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