Domain: bloomberg.com
Stories and comments across the archive that link to bloomberg.com.
Comments · 2,661
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Re:sure, works for France
You are not buying stuff at the same price as 6 years ago, maybe you should actually pay attention to the receipts.
beef, pork, avocado, fruits, veggies, almonds, pinenuts, walnuts, mozarella, cheddar, other cheeses, seafood, grains, soy, soy, palm oil, milk, gasoline, beer and more beer, limes, canadian bacon, barley, restaurants, restaurants, restaurants,electrical energy, car rentals, hotel rooms, cab fairs,
air travel and air travel gets more expensive in many other ways, various extra fees, less room, more seats on planes
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Re:sure, works for France
You are not buying stuff at the same price as 6 years ago, maybe you should actually pay attention to the receipts.
beef, pork, avocado, fruits, veggies, almonds, pinenuts, walnuts, mozarella, cheddar, other cheeses, seafood, grains, soy, soy, palm oil, milk, gasoline, beer and more beer, limes, canadian bacon, barley, restaurants, restaurants, restaurants,electrical energy, car rentals, hotel rooms, cab fairs,
air travel and air travel gets more expensive in many other ways, various extra fees, less room, more seats on planes
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Re:Customer service?
im just going to leave these here,
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Re:Price of using scientists as political pawns
Ima just a leaving this a here...
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Re:both?
If you 'search the net' for events relating to drones
... take away the EquuSearch related results, you'll find that pretty much EVERY ONE OF THEM is some fucking moron doing something that either DID hurt someone, was dangers as shit, came very close to hurting someone, or certainly had the potential to hurt someone.I've been paying attention to the almost daily news stories about "drones," and I have not observed what you claim. The vast majority are people spooked by multirotors hovering around.
A commercial drone at a wedding
A creepy guy flying a multirotor around a medical faciltiy
NYPD getting excited about another multirotor
FAA warns a multirotor pilot to stay at low altitude
"Drone" crashes in someones yard
"Drone" videos Pirates baseball game
Drug smuggling with a multirotor
"Drone" reported outside someone's apartment
"Drone" used to spy on French football team
Woman Attacking Teen with "drone"Some of those were dangerous to aircraft, but most didn't involve manned aircraft, and no one was hurt or killed. There have been plenty of close calls with model planes, but there haven't been many actual collisions and I'm not finding any deaths due to collisions with manned aircraft.
In all likelihood there won't be either. Most of these "drones" are small and light. When they collide with manned aircraft they disintegrate and perhaps scratch some paint. Here is what happens when a aerobatic aircraft slams into a typical model plane. Balsa and foam don't rate against aircraft aluminum. Is a death possible? Of course. Obviously. However, I think the interval between such events will be many years and the fault will not be attributed to the drones in every case, either.
I'm with you in that the stupid among us are creating the need for regulation. Adding to the hysteria of it all with claims of imminent "danger" is not useful.
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Re:Simple Solution....
The largest source of income for the NRA is membership dues
http://www.businessinsider.com...
While that is still part of the organization's core function, today less than half of the NRA's revenues come from program fees and membership dues.
The bulk of the group's money now comes in the form of contributions, grants, royalty income, and advertising, much of it originating from gun industry sources.
http://www.theatlantic.com/bus...
But around 2005, the group began systematically reaching out to its richest members for bigger checks through its "Ring of Freedom" program, which also sought to corral corporate donors. Between then and 2011, the Violence Policy Center estimates that the firearms industry donated as much as $38.9 million to the NRA's coffers. The givers include 22 different gun makers, including famous names like Smith & Wesson, Beretta USA, SIGARMS, and Sturm, Ruger & Co. that also manufacture so-called assault weapons.
Some of that funding has given the NRA a direct stake in gun and ammo sales.
http://www.bloomberg.com/news/...
One of the NRA's 27 websites calls such donors "corporate partners," while another says the association is "not affiliated with any firearm or ammunition manufacturers or with any business that deals in guns and ammunition."
I'll grant that a plurality of the NRA's funding seems to come from dues, but the majority of its money comes from those with a direct or indirect financial interest in the sale of weapons and ammunition, as inconvenient that is to the NRA's projected public image.
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Re:But scarcity!
IIRC, Both Orange (France) and Deutsch Telecom (Germany) were investigated for monopolistic interconnect practices...
If by "Europe" you meant "UK", yes, there's competition. But apparently not in France or Germany
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Re:In Verizon's defense
Actually, they did. Verizon has just yet to deliver. Apparently they don't expect to deliver until the end of the year in any case.
Which this article seems to implies it takes Verizon a year to send a technician to 7 cities to connect up a few cables between routers. (And / or maybe install a couple of cards). Maybe Verizon should stop having their techs travel by horseback, they might get it done faster.
It's not that simple. This isn't adding cards and cables to an existing interconnect, it's installing a whole new one. In fact, Netflix will be co-locating servers with content either within or close to Verizon's data centers. So there is lots of logistics involved.
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Re:Answer needed
How about because Netflix paid them to do it?
Stop whining about things we have a legitimate reason to bitch about!
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Re:In Verizon's defense
Actually, they did. Verizon has just yet to deliver. Apparently they don't expect to deliver until the end of the year in any case.
Which this article seems to implies it takes Verizon a year to send a technician to 7 cities to connect up a few cables between routers. (And / or maybe install a couple of cards). Maybe Verizon should stop having their techs travel by horseback, they might get it done faster.
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Re:In Verizon's defense
Actually, they did. Verizon has just yet to deliver. Apparently they don't expect to deliver until the end of the year in any case.
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Bitcoin Brought Down To Earth.
Why don't they just change their state flag to the swastika?
The one true faith.
The geek's emotional investment in Bitcoin can be frightening.
Bitcoins, which lost 45 percent of their value after skyrocketing to more than $1,100 last year, are poised to tumble further, according to the latest Bloomberg Global Poll of financial professionals.
Fifty-five percent of those surveyed said the virtual currency trades at unsustainable, bubble-like prices, according to the quarterly poll of 562 investors, analysts and traders who are Bloomberg subscribers. Another 14 percent said it's on the verge of a bubble. Only 6 percent of respondents said a bubble isn't forming. The remaining 25 percent were unsure.
Merchants including Expedia Inc., Dish Network Corp. and Overstock.com Inc. have decided to accept bitcoins. A total of 63,000 businesses now take the virtual currency, and people have set up more than 5 million wallets to keep their digital holdings, according to CoinDesk, which tracks its use.
That enthusiasm contrasts with opinions expressed by finance-industry leaders. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, 58, has said bitcoins probably won't last as a currency after governments subject them to rules and standards akin to those for other payment systems. Billionaire investor Warren Buffett, 83, has said he'll be surprised if bitcoins last 10 or 20 years.
A Bloomberg poll in January showed investor doubts in the virtual currency as well. Almost half of 477 international investors, analysts and traders who are Bloomberg subscribers were bearish on bitcoins and said they would sell them. At the time, bitcoins traded about 30 percent above current levels.
Bitcoins Can't Shake Bubble Image in Poll After 45% Drop [July 17]
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Re:Wait for it...
Russian separatists give themselves a huge black eye. A major Western economy fails to accept energy poverty. Dems are using illegal immigration to guarantee a huge loss four months from now. The UN got caught hiding Hamas missiles in one of the Gaza 'schools' they operate.
Bad day eh? Maybe head back to Vice and stare at pictures of dead pallys for a while and feel better. Off you go.
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Amtrak subsidies
Yeah, it competes with road funding, but Amtrak also takes huge funding from the government, too... near 30% of operating expenses or about half of revenue:
Bloomberg: "After automatic budget cuts, Amtrak is getting $1.3 billion in taxpayer money for fiscal 2013, with $905 million of that going to capital costs and debt service, Kulm said. That’s less than the $1.4 billion the railroad received the previous year."
Amtrak: "In FY 2012, Amtrak earned approximately $2.877 billion in revenue and incurred approximately $4.036 billion in expense. No country in the world operates a passenger rail system without some form of public support for capital costs and/or operating expenses."
It may be a good social service, but it's a lousy business, and it is nowhere near self-sufficient. -
Railroads killed by the government...
Yes, I know, I know. The crazy Libertarian talk. But that is, what happened — a combination of government regulating the cost of tickets, while imposing heavy taxes and building highways, where automobiles — both passenger and goods-carrying — could travel for less and less.
And then Amtrak took over all passenger rail-travel, and has never shown a profit since — losing money on the most idiotic things — while, demanding the passengers "carry identification at all times"...
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Re:Who Needs an Article to Tell Me This?
Another possibility is that the content providers the ISP's are throttling will eventually become ISP's themselves, especially Google.
Google's doing exactly this, and Google's quickly backing off supporting net neutrality. I wouldn't look to them to take the lead. In fact, I'd probably shy away from any relying on corporations. They only do what's in their best interest, which if we're lucky, aligns with public interest. The EFF does good work, but I think the EFF is not very visible and probably could use a new PR/marketing guy along with a ton more money.
Net neutrality would largely be moot if there wasn't government-granted monopolies on internet infrastructure everywhere, or if the communications was declared an essential public utility (like water, sewer, etc.), or if ISPs were even given common carrier status (like phone companies). None of these things happened during Clinton's deregulation-happy administration when ISPs were just starting up, and now we've got yet another big mess on our hands (not nearly as large as the other mess, but it's still pretty damn big).
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Re:Snowden's copies?
Snowden said he wrote emails that he can't produce despite taking almost two million documents. You can't explain that away since you are directly challenging him.
Ok, I'll stipulate that he claims he wrote them.
All this while intending to make the claim that he was a "whistle blower" on the US? And he forget the whistle he claims to have blown, repeatedly, while there? That doesn't wash.
I honestly and sincerely don't even see it as related. He may not even anticipated that someone would challenge. He was seeking to establish beyond credible doubt that the NSA was doing XYZ. That is "the story" he was looking to tell. That someone would try to argue that a big part of the story would be "hey, can you prove you tried to tell someone inside, first" possibly didn't even enter into his mind.
In the big picture, it doesn't even matter. What matters is what the NSA was doing, not how vigorously Snowden tried to change it from within first.
Regardless of how important this particular detail is to you, its at best a tangential detail to the main story.
Its just a small minded distraction to try and divert attention from the main story. Like obsessing over Julian Assange's significant personal flaws instead of focusing on the actual wiki leaks leaks.
Maybe because they don't exist?
That doesn't fly within this thread of the sub-argument.
You'd stipulated they DID exist and contained the NSA's response that they were legal. You can't now argue that maybe they didn't exist, at least not within this sub-thread.
Or they discuss classified programs that are still classified?
They could redact them. Even if they were just "walls of black ink", they would establish that they existed.
I expect that the NSA has done that in the proper forums for discussing classified matters: in meetings with the administration, in closed sessions of Congress, and before the courts in closed hearings.
You are contorting like an acrobat. You are arguing that "if they exist, the NSA is rightfully keeping them secret, therefore we should assume Snowden is lying about their existence, and that they don't exist". That's not even coherent.
Seems to me then, its perfectly reasonable to accept Snowden's claim they exist.
Which "general consensus" is that?
Lets see:
the 5 member Privacy and Civil liberties Oversight Board created by Congress ruled them illegal.The Eleventh Circuit Court of Appeals ruled them illegal.
United States District Court for the District of Columbia ruled them illegal.
http://www.bloomberg.com/news/...
http://www.wired.co.uk/news/ar...
http://www.wired.com/2013/12/b...
And even the NSA itself, has ADMITTED substantial wrongdoing.
http://thehill.com/policy/tech...
"The one on Slashdot?"
Yeah, sure, the one on slashdot too.
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Re:Don't forget mandatory insurance
Correcting myself:
Tepco itself has estimated a damage of $137 billion, see http://www.bloomberg.com/news/2012-11-07/fukushima-137-billion-cost-has-tepco-seeking-more-aid.html -
Ed Snowden will get sold soon enough...
After all, Obama imposed financial sanctions against Russian officials and Putin's inner circle, can't even use MasterCard or VISA. So, it's only a matter of time before the hard currency those guys have dries up or they get tired of money laundering. Probably won't be a direct trade, some political savvy will be applied to make it look like neither bowed to pressure, etc. http://www.bloomberg.com/news/...
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Better than unsafe Mexican truckers
Future Truck has gotta be safer than the alternative http://www.bloomberg.com/news/2013-09-27/regulator-said-to-look-other-way-on-unsafe-mexican-trucks.html
"Servicio de Transporte Internacional y Local SA de CV, the Mexican company that’s been inspected the most, was cited for 44 violations on a single day -- July 31, 2013. Citations included tire separations and leaks, oil and grease leaks, inoperative signals and a brake-compressor violation."
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Re:Citation?
Germany doesn't sell daytime power "at a loss". Power at night on the European grid doesn't sell for high prices. Show some citations, ye of eyebrow raising claims.
Well let's see;
Over the weekend, prices on the power exchange in Germany/Austria (Phelix) fell to roughly -2 cents per kilowatt-hour for peak prices and were also slightly negative at around -0.3 cents for baseload power. The effect of solar and wind in France was even more dramatic, though the roles of baseload and peak power were reversed, with the former costing -4 cents and the latter -2 cents. Negative power prices on the weekend
Selling at a negative price is pretty much the ultimate definition of "at a loss". This is reinforced by
Lower prices “leave a trail of blood in our balance sheet,” Bernhard Guenther, chief financial officer at RWE, Germany’s biggest power producer, Germany’s New Coal Plants Push Power Glut to 4-Year High
While the baseload coal plants are losing money;
Norbert Allnoch, director of the Institute of the Renewable Energy Industry (IWR) in Muenster, said the 22 gigawatts of solar power per hour fed into the national grid on Saturday met nearly 50 percent of the nation's midday electricity needs.
Never before anywhere has a country produced as much photovoltaic electricity," Allnoch told Reuters. "Germany came close to the 20 gigawatt (GW) mark a few times in recent weeks. But this was the first time we made it over." Germany sets new solar power record, institute saysThat's a lot of power to have to replace when the sun goes down or the weather turns to shit.
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Re:One stupid question
They would probably just exchange the currency at market rates.
Remember, though, that the US Government doesn't consider bitcoins currency, but property.
http://www.bloomberg.com/news/...
Auctioning them off is in line with that.
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Re:Germany
The price of electricity is falling in Germany owing to renewable energy. http://www.bloomberg.com/news/... They like wind power.
And if you compare the cost of electricity in Germany versus the cost of electricity in France? This comparison on average cost of living between the two countries show that electricity is, on average 26% cheaper in France versus Germany. Just because its going down in Germany doesn't mean that electricity rates in Germany were ever reasonable to begin with.
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Germany
The price of electricity is falling in Germany owing to renewable energy. http://www.bloomberg.com/news/... They like wind power.
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Re:WUWT
Great news... Germany returning to massive building of COAL plants. Renewables are pretty much shite and they are afraid of nukes.....so here you have it http://www.bloomberg.com/news/...
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Too little, too late
What is this report about, drug tests and McCarthyist "background checks"?
If so, this report aims to solve the problems of two years ago, not those of today. I don't think anyone competent enough to have a choice of employer wants to work for unaccountable smarm-bags on the project of universal surveillance and the destruction of his own democracy. I sure hope they don't. I'd like to think hackers are somewhat of a profession who would shun today's spook-shops the way doctors shun Josef Mengele.
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Re:This just illustrates
Now take a look at the USA. Not only did we cut down whatever the natives didn't burn* and indeed burn much of it, but we outright turned it into a dustbowl, fixed it, and are doing it again. Even California is going dustbowl, right now. The drought means that many farms are getting no water allotment this year, while others are pumping their allotment and [illegally] selling it to others, and we're putting in new vineyards left and right.
Maybe you ought to actually take a look at the parts of the US that don't have a suicide pact going on. California, not coincidentally, is also the state which leads on trying to reduce carbon dioxide emissions. When one pursues short sighted goals at the expense of the future, this is the sort of thing that happens.
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Re:Not surprised, mixed feelings
I seem to have had to keep repeating this endlessly on Slashdot, but a Federal NTSB judge has already ruled that the FAA does not have lawful authority to regulate low-altitude models or drones, regardless of whether they are being used commercially.
The FAA has appealed the decision, and so far seems hell-bent on regulating as much as it can before it gets slapped down in higher court. Which it surely will... Congress simply hasn't given them legal authority to regulate such things. They're acting like the EPA has been recently, seemingly trying to greedily grab up all the usurped authority they can before the November elections. -
Re:Another misconception bites the dust
He said "petroleum products".
The US is a net oil-product exporter: http://www.bloomberg.com/news/...
And I was originally talking about energy independence (oil in this case) when he started going on about the USA being a "net oil product exporter". WTF does that have to do with energy independence? Energy independence is when all of the oil consumed in your country comes from sources within your own country but perhaps definition of energy independence is different in the US from what it is over here in Europe (Nota Bene: I doubt it). A country can be a net metal products exporter and still be dependent on foreign suppliers of steel, i.e. not "metal independent".
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Re:Another misconception bites the dust
He said "petroleum products".
The US is a net oil-product exporter: http://www.bloomberg.com/news/...
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Re:De-americanization has officially began
The ruble is so untrusted that commerce within Russia often is done in dollars as Russia is the largest holder of US banknotes in the world.
It's not the nineties anymore.
China - well let me know when their currency flows are not restricted, and they adopt some sort of internationally accepted accounting standard.
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Re:Wrong decision
See bloomberg: http://www.bloomberg.com/news/...
Scalia has it right, they wanted aereo to be illegal and they waved their hands to make it so. Cloud computing is at risk as a result of the ruling.
Breyer's attitude of "if it looks like a duck, quacks like a duck, it doesn't matter if its a robot" is idiotic. If technologic details didn't matter we wouldn't spend so much money designing around existing patents.
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Re:Germany has shifted from Nuclear to Coal
Because those solar panels drop to 0% of their maximum rate over the course of 1 day, right? Come on, man.
There's nothing special about the number 50%, except that it's easily recognizable as a sizable amount for a large economy. It's not unreasonable to expect a mixture of energy technologies, but a changing mixture is news.
Funny, it very likely did drop to 0% over the course of one 24 hour day. Nachtzeit.
The changing mixture is news or it really should be making more headlines: Rising German Coal Use Imperils European Emissions Deal
Bottom line is that German CO2 emissions are rising because of a switch to coal that solar and wind can't keep up with. So far, even with remarkable solar adoption in a short period of time this is a failed experiment.
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HA!
Man. What idiot marketing shill came up with that harebrained scheme? Talk about corporate desperation. So we'll trade in a perfectly good MBA for half what it's worth in credit toward a glorified tablet that M$ can't seem to give away? (yes, I know that's last year's news but no reason to believe anything will change with version 3 IMHO). No thanks. I'm not really a huge fan of the MBA either, but this is ridiculous.
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Re:Give it 50 years...
The NHS in the UK costs [poundsign]140bn, or 8% of GDP. Private healthcare adds about a quarter of that.
Meanwhile, the US spends around 17% of GDP and still has people dropping dead from preventable conditions.
http://www.bloomberg.com/visua...
But, you know, communism and all that.
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Re:MoreToo much money and power are in on the take. Apple is worth about 12% of the entire Nasdaq, so Apple + google is about 20% of the whole enchilada. In my Fidelity-managed 401K index fund, for example (that is, basically my life's savings), Apple is my #1 holding, right above Exxon, Google, and Microsoft. So 2 of those 4 would be directly impacted, and Microsoft would no doubt feel some fallout (through rising salaries for their talent).
In a true democracy this argument should not bear much weight, since MOST (over 50%) of all stock is owned by only 1% of citizens. Most of us have a tiny slice, and I (for example) would benefit much more from higher wages in the tech sector than from a little more growth in my 401K. But in general, we small-potatoes shareholders (that is, almost all shareholders) are too short-sighted to take a hit now for the long-term economy.
More ominously, real influence is proportional to the wealth of a group rather than how many people are in it. Even if you convinced the bottom 99% of voters, you would still only have a minority of shares.
The reason I dwell on this is because I think the same logic, exactly, explains why the bank bailout occurred and the implosion of Wall Street had no real corrective result on the US economy or the distribution of wealth.
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New ULA anti-SpaceX campaign is apparent
If you watch the Tesla news lately, I think it is apparent that the current American launch monopolists have initiated a wide ranging propaganda and political campaign against SpaceX. Examples of this are here and here, as well as comment boards on various articles about Space X. The memes I have noticed emphasized are first and foremost that SpaceX is cutting corners (aimed at legislators), that Space X is the beneficiary of "corporate welfare", and that Musk is a "communist bum" (aimed at right-leaning readers).
One of the primary reasons I think this is evidence of an organized campaign is the timing. Space X initiated the campaign against the Russian rocket engines being used by ULA, as well as objecting to the bulk purchases of launch contracts by the Airforce from ULA, thus locking Space X out of a significant number of launches before it gains certification. I can imagine this as a directive from ULA exectives being given around that time. Such campaigns typically take a few weeks to work-up. They take studies of public opinion, come up with themes to base their campaign around, and then test those themes with the public, often with focus groups. This lag of a few weeks for propaganda campaigns is typical when an organization suddenly decides to initiate a campaign based on new information. Watch for it next time you see a government or corporation being attacked by a new threat. This lag of two or more weeks between threat and response is typical I believe of an organized propaganda campaign.
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Re:Buyer beware
But it IS the attitude you're getting from US financial conglomerates.
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Re:Sad ...
Can't say I've ever had freedom fries... are they similar to french fries or is that just the PC way of saying it?
Sadly, this is what happened when France didn't want to join the coalition of the willing with Bush and he was in full-on screeching "you're either with us or you're against us".
A Canadian politician got into trouble for calling it the coalition of idiots.
But given what was actually accomplished in Iraq, one has to agree with these sentiments, and remember that Bush was doing it without any good basis.
Honestly, they were french fries for years, if you're offended by the name, deal with it... we shouldn't change names because they offend a few people.
No, it was butt-hurt Americans who were upset because people wouldn't blindly follow them into Iraq on flimsy evidence (which was subsequently proven to be false) and very sketchy reasoning.
It speaks more about the people who renamed it than anything.
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Re:stupid
As a matter of record, the number of gun deaths per year in the USA is actually very close to the number of traffic deaths. The two have been converging for years, and are on a trajectory to cross over (gun deaths > traffic deaths) by the end of 2015.
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Due Process
I don't want to get into the "is it money" argument but since this case is still pending isn't it a bit premature to be selling assets of any kind until guilt is proven in a court of law? I guess we've completely trampled on the constitution here especially the fifth amendment.
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Re:Here's a link to a story about it.
As explained in the link in my previous post (did you even read it?), if you take a set of data that fluctuates noisily but has an long-term upwards trend, you truncate it carefully so that the beginning of your truncated subset falls near a high point in the random fluctuations, and you use that to deny the upwards trend, then you are using a trick called "cherry-picking". You can argue you're presenting "simply facts", but it's dishonest. Watt's also dishonest is failing to declare a rather blatant conflict of interest.
Also, your own post contains contradictions. You're saying "...OBSERVED warming trend is significantly less than the IPCC 1990 PREDICTED..." (implying there is still a warming trend), and then you're saying "it has leveled off". Only one of them can be true, and it's the first one. There is still a warming trend, and yes, it's lower than the low-end 1990 predictions. Scientists have been debating over why that is for a while now. Heat getting trapped in the depths of the pacific ocean seems to be gaining traction as the most prevalent hypothesis, which is worrisome because once this finite heat reservoir is saturated, the heating will pick up with a vengeance. More info here, here, here and here (the 3 first links are all discussing the study in the 4th; I'll let you pick which source you like best).
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Re:Mother Russia...
Angara is being developed alright. The launch pad was finally funded circa 2010 and they finished construction of it at Plesetsk recently. The first Angara 1.2 rocket is supposed to launch from Plesetsk at the end of this month. The first Angara 5 rocket is supposed to launch late this year or early next year. They also funded construction of the Vostochny Cosmodrome as a replacement for Baikonur on Kazakhstan.
Also guess what the Soyuz capsule already uses rocket assisted propulsion for softening up capsule landing.
Russia has not designed a whole new spacecraft because a) Soyuz works fine. b) Roskosmos wasn't exactly swimming in money and had other problems on their mind. i.e. ensuring they could manufacture Proton and Soyuz 100% in Russia after the fall of the Soviet Union left a lot of the rocket manufacturing in Ukraine, replace analog with digital avionics, and the replacement of the military rockets based on hypergolics with a LOX/Kerosene launcher. That is Angara.
There has certainly be no lack of proposals. Energia seems to propose a new capsule like every year or so.
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This is the same Indiana
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Re:Arbitrage
The RBC guy is actually setting up an entirely new Exchange:
http://www.bloomberg.com/news/...
Presumably for precisely this reason. -
Re:Unconnected trades
It will take an act of congress to fix this and they're bought and paid for by the HFT's.
The exchanges set their own rules and they could collectively or individually halt HFTers in their tracks.
The book mentioned, Flash Boys, talks about their own exchange IEX and how they go out of their way to prevent HFTers from having any advantage.World's Biggest Wealth Fund Escapes Flash Boys in IEX Dark Pool
http://www.bloomberg.com/news/2014-06-03/world-s-biggest-wealth-fund-escapes-flash-boys-in-iex-dark-pool.htmlNorway's $880 billion sovereign wealth fund, the worldâ(TM)s largest, is throwing its support behind Brad Katsuyamaâ(TM)s new exchange.
[...]
"IEX is a trading venue where all players participate on the same terms," oil fund spokesman Thomas Sevang said in an e-mailed response to questions. "We support this."
IEX, [...], doesn't pay firms to buy or sell shares, shunning a practice that many markets use to lure business from high-speed traders. It mandates a 350-microsecond delay between requests to trade and executions to prevent traders from pre-empting their moves through high-frequency maneuvers.
Any exchange could cut off the HFTers in a heartbeat, if they wanted to.
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Re:Saved New Yorkers Thousands On Parking Tickets
New York City is far from broke. It's one of the most taxed cities in the country. In fact it's the highest.
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Re:what's wrong with public transportation?
California has the biggest surplus in nearly a decade.
http://www.bloomberg.com/news/...
"bankrupt" is the exact opposite of what you think it means
Since California has so much extra money, what should they pay to build to make sure their infrastructure survives over the long-term?
We have a surplus because us big-government statists voted a big-government statist into power. Us big-government statists are always better at building economies and societies than freedom-loving libertarians.
Had a freedom-loving libertarian been elected, California definitely would be bankrupted, because freedom-loving libertarians are terrible at economic policy, since they don't like to tax people and think people make their own money, which is incorrect. We big-government statists know that government is the source of all money and is the reason people are allowed to make money in the first place.
Never vote for a freedom-loving libertarian, because that's how people become poor.
Always vote for big-government statists if you want to be rich.
And most people don't want to be poor.
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Re:From the article...
Most the the work smart human does is being automated all the time by expert systems.
A lot of the work smart humans do turns out to be a small rules set.
A decent article on the concept here:
http://www.bloomberg.com/infog...Jobs that involve making analytical non creative decisions previously required a smart human- with an advanced degree. Going forward, not so much.
Creativity and Flexibility are the parts that are hard to automate. Regardless of how smart you have to be to do a job- if the job is repetitive and well defined- it is a good target for automation.
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Re:Hey Obama
We dunno pay taxes but plz help us make more money.
They pay all the taxes that they are legally required to pay. Unless you voluntarily send in extra money with your tax payment every April 15th, it is hypocritical of you to complain about others not doing so.