Domain: forbes.com
Stories and comments across the archive that link to forbes.com.
Comments · 5,129
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Re:It's not the materials, per se
Handwaved away? On that issue I disagree with you. Such costs are routinely considered when a company goes though the decision cycle of "should we build a new plant?"
Watching the global thermometer dispels this delusion fairly quickly.
You mean that temperature gauge that shows no measurable increase in the last 20 years? http://www.forbes.com/sites/la...
As we say here in Texas.. Y'all got a big problem with that theory of yours. But don't let the facts get in your way.
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Apparently they will do the same to Far Cry 4
Apparently they will do the same to Far Cry 4, specifically this article from Forbes about that subject.
Oh, and that update on Alex Hutchinson's Twitter response? Bollocks.
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So, why pay UK taxes?
If Google is considered 'external communications' and an 'overseas' company, then why is Google paying UK taxes?
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Re:In other news
Amazon's margins are in the low single digits right now. The razor thin margins of the mobile handset market will only be an improvement.
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This is crap...
Let me know when Dr. Oz (TM) gives it his approval as a miracle cure (TM).
The guy is a fraud. He has found 16 weight loss miracles so far:
http://www.forbes.com/sites/ro...
You might think that the first 5 miracles would suffice.
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Re:This ban on gambling, porn, etc
that is true in person - online you have no idea what you are really playing against. there are many documented cases of online sites allowing players to see all the cards on the table. the documentary I saw showed a 100% proper call on bluff rate over a period of many months.
think about it. you are at a 8 person table. 7 of the players are computers and know your cards. think that make the odds of you winning 'exactly the same'?
Firstly, there's licensing and regulations. Some of the regulators (ARJEL for instance) demand that every action go through their servers and is retained for possible fraud investigation. Incidents of bots on your site, can cause you to lose your license.
Secondly, the large operators do not want to kill the goose that lays golden eggs and are aggressively fighting bots, colluders and other fraudsters. And yes, they can be detected by multiple methods that I am not at liberty to discuss.
The fact is that you are safer playing online than against strangers in meatspace.
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Re:I can't buy one
There's also that whole 'gotta replace that uber-expensive-battery-pack-in-7-to-10-years-or-so' bit...
You don't have to replace the whole pack all at once:
The reality is that there are 28 separate cells in the hybrid battery pack. When the unit starts to fail, only a handful of the individual cells are bad. What Prius Battery Repair of Houston does, and Toyota could do if it wanted to, is replace the bad hybrid battery pack with a reconditioned one to get the customer back on the road. Then, determine which cells are bad, and simply replace the bad battery cells, recondition the battery, and sell it to the next customer.
The individual cells are only about $25 each on the street.
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Google replaced them
Your information is out of date.
http://www.forbes.com/sites/je...
Google has overtaken Apple to become the world’s most valuable global brand in the 2014 BrandZ Top 100 Most Valuable Global Brand ranking, worth $159 billion, an increase of 40% year on year. After three years at the top, Apple slipped to No 2 on the back of a 20% decline in brand value, to $148 billion, according to annual research conducted by Millward Brown.
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Re:Brand identity
Apple is still the most valuable brand in the world. Beats doesn't even make an appearance.
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Re:Due Process
That's all well and good assuming Ulricht was actually claiming ownership over the said bitcoins
You know that's a good point but something a trial would surely explain. In this case the feds are acting the the role of judge and jury, sure if the evidence is there that Ulricht is the Dread Roberts and they can prove that the bitcoins are associated with illegal activities, forfeiture can occur. For all we know he was probably stealing the bitcoins from mgtox.
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Re:Please make it a mental one
Who is "we?" I'm not obese. Nobody in my family is obese. My family does not manufacture nor sell food. Therefore, it is not my problem. I do not care if others are obese and die ae a result of their obesity. It is not my concern. You live your life your way, I'll live my life my way. There is no "we."
Yep, no obese people in my family either. I work and have health insurance (I'm in the US, it's a big deal here). And yet, I still care. Why? There are unpaid hospital bills in the amount of $41 billion. Except those bills really aren't unpaid now, are they? You might want to let the obese die, but doctors operate under the Hippocratic Oath and cannot turn people away from the emergency room because they are obese or poor. High insurance premiums and, of course, our friend taxes (which fund state-level Medicaid entitlements) are how the costs get covered. Prices rise because insurance (public and private) will only pay a portion of actual costs.
There is a "we" in US. Your federal taxes fund the subsidies to the corn syrup producers so politicians in the Midwest can remain relevant. The crop space used to grow subsidized corn used in corn syrup and ethanol make you more dependent upon product brought in from South America (not so bad, but does make our food supply vulnerable to political instability in that region) and food products from China (ask Fido how that's working out for him). Market distortion is a problem, and it affects all of us.
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Re:Protecting the Weak from the Strong
Every gun used in a crime in America was purchased legally by a Law Abiding Gun Owner. Every. Single. One.
Very witty, except that you have no fucking clue of what you're talking about.
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Mean. Want competition?
Oh now, that's mean!
Is Firefox the Steve Ballmer (worst CEO) of browsers, the Zune of browsers? -
Re:3DS
... and vegas puts all of that to shame with its slot machines and blackjack.
but I do think phones are the future for mobile consoles. http://www.forbes.com/sites/tr... I would say Iphone is getting closer to console numbers. In the above artical they estimate mobile developers are making $21,000 a year on apple. ($6,000 a year on and Android). As the phones get better and the games get more complex those number will rise. Currently I don't think mobile could support all the developers and artists working in the console industry. If everything switched to mobile tommorow there would be huge layoffs. -
Beware of people who change their names
Before you cheer on somebody like Kim Dotcom:
Kim Dotcom was born Kim Schmitz and has also called himself Kimble, King Kimble the First, Ruler of the Kimpire and Kim Tim Jim Vestor. Kim Schmitz has been convicted of insider trading during the Dotcom boom for his involvement with a struggling German company (through his company "Kimvestor AG"). While he lived in Hong Kong, he started a business ("Trendax") which was supposed to achieve guaranteed gains in stock trading by using artificial intelligence. In Germany however, the country where he was born and gained notoriety, he's mostly famous for ratting out his partners in crime to the lawyer Günter Freiherr von Gravenreuth. Gravenreuth is a name-changer as well: He was born Günter Werner Dörr and later changed his surname to that of his mother. His claim to fame is his business of writing cease and desist letters, mostly regarding copyright and trademark violations. He posed as a teenage girl and solicited game swap partners: When teenage boys offered to trade games, he sent a cease and desist letter. Gravenreuth himself has been convicted for forgery. When he was later also convicted of fraud and had to go to jail (he had wrongfully claimed that he hadn't received a payment and used that to try and seize the domain name of a major German newspaper), he killed himself.
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No worries!
Struth! You Americans worry too much.
Just contact our Australian Minister for the Environment, Greg Hunt, he will be able to explain how mega dredging projects are actually good for the environment.
We have the biggest coral reef in the world, one of the 7 Wonders of the Natural World, right on our doorstep... it's been there for about 18 million years. Too bad the bugger is in the way now, blocking access to more profit - ahem, job creation - for Gina & co.
What's another piece of coral anyway... they'll all be gone soon enough. -
Re:Well, thanks for telling us after the fact
Not only that, but there are other ways of raising an early round of funding if you bomb on Kickstarter. It's the biggest crowdfunding site, but neither the only one nor necessarily the best. Here's an article on Forbes.com about crowdfunding: http://www.forbes.com/sites/ch...
Now, the sad thing about Centrcam is that they had excellent engineering, and a detailed proposal, but that proposal was probably too technical for the majority of people who might have helped them through Kickstarter. Other sites might be better for them. And they might want to get some marketing advice, too.
About Slashdot running this after their Kickstarter campaign failed: I didn't know about their Kickstarter deadline until last Friday. Way too late. And I don't think they explicitly told Tim the expiration date of their K campaign. If they had, I'm sure he would have jumped the Centrcam interview in our video editing queue. If I had known, I sure would have. Ah, well....
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Re:If your team is distributed like a bell curve..
5, 7, 7, 7, 8, 9, 9, 9
No bell curve. I think it's quite possible to get a distribution other than a bell curve, especially with fairly small sample sizes.
Here's one take on how reality generally works (where most people are actually below average), although I'll admit that the graph he's showing isn't an apples-to-apples:
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Re:Behind the curve
Take a look at Henry Ford, the prototypical example, who paid his factory workers far more than anyone else so that they could actually afford to buy the cars they were making, kickstarting an entire industry by selling cars to people other than the rich.
This is a complete myth. Ford payed people more because he needed workers with more physical stamina to work on the assembly line rather than the more "craft like" production of vehicles. Also he wanted to reduce turnover, as new employees had to be trained up on the new assembly line, so he felt he had to pay workers more than his competitors to hold on to talented workers (before the wage rise, Ford hired almost 3 employees to keep one). And he also ran a secret police to ensure that they did not drink at home and did not cheat on their wives and that the wives did not work to ensure maximum productiveness. If you did not live up to the Ford concept of a good worker, you did not get the bonus that brought you up to $5 a day.
Ford employed 14,000 workers. This was not enough to "kickstart an industry". Car production in the year before the pay rise was 170,000, in the year of it 202,000. Moreover, even if all of his workers bought a car every year, it would be about $7 million of additional sales, but the wage rise cost $9 million.
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Re:Even higher!
I take it you assume this person has no kids. It might surprise you to learn that if you're single and childless and making minimum wage ($7.25/hr at 2000 hrs/year=$14500 yearly income), you aren't part of Romney's 47%. Yep, you pay taxes to the fed, and presumably to the state as well. Here's a story about a woman making $12000/year and paying about $1300 in fed/state/ss/medicare. And that was before the payroll tax break expiration.
So how do you get out of paying taxes if you're making minimum wage? Well, it helps to have kids/be older/have a mortgage. But of course, if that's the case, then the balance sheet you've provided above is wildly obfuscatory, with childcare/medical expenses taking up the bulk of whatever's left after you pay your mortgage.
That's not to mention the fact that you're also assuming that this minimum wage job is a full-time gig. Usually they're part time, and the people holding them work two or more of them, meaning they're spending a decent chunk of money commuting. All this adds up to the most important fact: no savings. The reason that's so damn important is that one little slip-up (car runs over a nail, you slip a disc in your spine, etc.) and all of a sudden, you're running around to high-interest predatory creditors, which isn't exactly a path to financial freedom. That, and since minimum wage jobs are so replaceable, if any emergency happens, you're likely to be unceremoniously fired.
I could go on about how being poor isn't all sunshine and rainbows, but frankly, I think it's kind of ridiculous that I should have to. If it's really as cozy as some people say it is, they certainly have the option of trying it on for size. Hell, it's much easier to become poor than it is to become rich. So why isn't everyone doing it? Because secretly, waaaaay deep down in their heart of hearts, they know it's a shit deal. I think that speaks volumes enough.
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Re:Who gives a shit?
Awww, how cute, you're trying to turn the very act of disagreeing with you into proof that you're right AND subtly include some ad hominem while you're at it.
Tell you what. I'll give you one chance to try again without axiomatically taking your claims as correct, without the ad hominem, and without the kafka trap that someone disagreeing with you is proof you're right. One try. Let's see if you can come up with a valid non-circular theory.
And just to make it more interesting here's a top female executive already calling out your argument as bullshit: http://www.forbes.com/sites/fo...
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Re:Classify net access as a utility?
But FiOS is most DEFINITELY profitable. This is not why FiOS is still dead on rollouts. Yes, they originally put on the brakes because they were not signing people up fast enough. And they sold a lot of fiber to Frontier. But I'd be willing to be they red-lined it. I bet they kept the most lucrative communities in the Northeast and dumped low-income areas on Frontier. However they have stopped investing in ALL landline rollout and just bought out Vodafon's ~45% stake in Verizon Wireless for somewhere in the $130B neighborhood. They don't want to lay any wires in the ground at all anymore -- they just want to build cell towers. In fact, after hurricane Sandy they had to be forced to rebuild some copper lines to communities they didn't want to.
Don't fool yourself into thinking FiOS only survived because it wasn't subject to regulation like old POTS systems were. All that happened was they put down a ton of fiber and realized they wanted to make money from it before putting any more down. Rather, they even took tax breaks meant for POTS and title II regulated systems for the expenditures they made for FiOS. It seems they always make profits and growth for Wall St, but when it comes time for tax breaks, they play they "woe is us" card.
Now they realize that putting cables all over the place is less profitable than wireless and they are still the ones who sued over the FCCs toothless Open Internet rules. The simple fact is, they are scumbags. They will try to weasel out of any regulation, (yet still take the tax breaks), and maximize all profit at every opportunity even when they are already massively profitable.
http://www.huffingtonpost.com/...
http://www.forbes.com/sites/ma...
FiOS adoption was low when it originally came out -- because people were confused, (would they lose their cable? Was installation hard? change is hard! They had the same cable provider for 10 years). But now, demand for FiOS is high. Demand for fiber is massive all over the country. No one is providing it except Google in a few tiny markets.
But really what changed with Verizon is that they plan to use what they have to move to all wireless. So they are just raising rates on current FiOS customers to pay for the Vodafone deal.
TLDR: They didnt restart FiOS rollout because of a lack of profits, they didnt restart because they bought VZW.
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Re:Instead of a new TV I guess
Forbes says his net worth is $20 billion, so $2 billion is actually as good-sized chunk of that.
Now he's as poor as Michael Dell.
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Re:Instead of a new TV I guess
Forbes says his net worth is $20 billion, so $2 billion is actually as good-sized chunk of that.
Now he's as poor as Michael Dell.
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Re:News Organizations
Perhaps it's even worse on the other side?
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Re:Corruption
Understand, I am not saying the feds are evil or bad. I am rather saying that they have information overload.
Actually, it's worse than that. The Federal justice system is a complete mess and totally corrupt.
Take the example of the Gibson Guitar raid, which according to the CEO was incited by Lumber Union protectionists. After years and hundreds of thousands spent in legal fees, the warrant is still sealed. Really. And this is the way the Federal Justice system has developed since the 1980's.
Now I'm no Randian, or Objectivist, but I did read Atlas Shrugged in my youth, and this situation reminds me of the national laws in that book, which were designed to ensure that they could always arrest anyone they wanted to, then find a law to charge them with. We're there now. But even Rand didn't envision the government passing secrecy provisions where you can send the swat team in to raid someone and you don't even need to tell them why.
"When you have a system predicated on jurisdictional interests rather than on specific, identifiable, understandable, definable violations of law, there is a great opportunity for tyranny."
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Re:No steering wheel? No deal.
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Re:No steering wheel? No deal.
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Basic security measures?
If you happen to tap your Apple ID / password in a subway, in a crowded place or under a surveillance camera, and someone can see it, your account is not blocked, it's hijacked... and you know nothing about it! Thanks to iCloud, where is my i* and the like, that someone may see your personal data, where you are at this very moment, and where you go usually etc... As long as he doesn't alter your data, you don't know. It's been a recurring problem with Apple IDs. Google gmail shows a list of recent activity with IP adresses, and warns immediately about suspicious activity, like a connection from a far/different IP. http://www.forbes.com/sites/adriankingsleyhughes/2012/08/04/the-dangerous-side-of-apples-icloud/.
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Re:Better headline...It was "hot" in a chemical, not radioactive sense. From James Conoca's article on the subject:
Beginning over 30 years ago, activities involving separating americium (Am) from old weapons materials generated a moderate amount of transuranic waste contaminated with americium (Am), plutonium, uranium and minor amounts of other radionuclides, and containing various metal-nitrate salts (strong oxidizers), such as (Mg,Ca)(NO3)2 with minor amounts of Fe, Na and K. When dewatered, these hot evaporator bottoms were poured onto a tray, vacuum dried, flashed crystallized, rinsed with cold water and put in bags, where they sat for 30 years.
[...snip...]
It was recommended sometime later that inorganic kitty litter made from silicate minerals be added as a sorbent (widely used in radiochemistry as well as the home litter box), but also to dissipate heat and generally mitigate auto-oxidation reactions of the kind we think occurred in these drums in WIPP. Anhydrous citric acid (a reducer) was used to bring the pH down if over-adjusted.
For reasons perhaps related to good intentions, or merely related to dust generation, the inorganic kitty litter was replaced by organic wheat-based litter early on in the process. There were a few other components of not much import in the drums, but additional organic components just added more fuel.
Some decisions regarding these additives are vague and not attributable to a real chemist.
So it seems it was a case of a well meaning idiot making stupid decisions.
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Re:Indirect tax
If Tesla can make a full-sized sedan with a 265 mile range (85KWh battery) for $73,570 while averaging a 25% profit margin there's no reason why Fiat shouldn't be able to make a profit selling a much smaller car with a much smaller battery and a much smaller range.
Tesla actually loses money on their cars, they make a profit by selling emissions credits to other companies. The car side of the business is a money loser; the emissions-selling side makes their profit.
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Living well...
So what are the tech wages like in Salt Lake City?
Not half bad.
Which areas are the likely ''up and comers'' in the next decade? These are generally places that have been building up their tech capacity over the past several decades, and seem to be reaching critical mass. One place following a strong trajectory is Salt Lake City, No. 4 on our list, which has enjoyed a 31% spurt in tech employment over the past 10 years. Some of this can be traced to large-scale expansion in the area by top Silicon Valley companies such as Adobe, Electronic Arts and Twitter.
These companies have flocked to Utah for reasons such as lower taxes, a more flexible regulatory environment, a well-educated, multilingual workforce and spectacular nearby natural amenities. Perhaps most critical of all may be housing prices: Three-quarters of Salt Lake area households can afford a median-priced house, compared to 45% in Silicon Valley and about half that in San Francisco.
The Best Cities For Tech Jobs [May 2012]
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Re:Except nobodies doing that
Why didn't they build a wind farm off the coast of Massachusetts? Was it the Koch brothers or Ted Kennedy?
Please describe the foot print of a wind or solar farm that generates electrical output equal to the 24x7 production capability of one nuke reactor plant... Your alternative isn't much of an alternative, really.
Each of the two reactors at Three Mile Island generate about 852 MWe, a comparable wind farm occupies about 9,000 acres (about 14 square miles) and the largest solar power plant takes up 2,400 acres just to generate 290 MWe, so to replace TMI you'd need to dedicate enough space for six such facilities, or about 14,400 acres (about 22.5 square miles)...
The Three Mile Island reactor occupies less than three square miles.
I leave it as an exercise for the reader to determine if either facility can generate that much electricity 24x7 as Three Mile Island can.
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Re:CO2 and climate: my take
They haven't risen in 17 years. That's longer than the period used to claim that temperatures _were_ increasing due to CO2 (15 years).
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Advice to help Chairman Lee Kun-hee
who just had a heart attack: http://www.forbes.com/sites/go...
"The man credited with turning Samsung into one of the world's most powerful companies is in recovery after suffering a heart attack on Saturday night. In an official statement Samsung confirmed Chairman Lee Kun-hee, 72, was rushed to hospital and treated with CPR. Both the company and hospital officials have declined to say how long he is expected to be hospitalised."We have a Samsung SSD, a Samsung Galaxy Note 10.1 Tablet, and quite a few Samsung LCD displays, among other things Samsung. Thanks for the quality products, and thanks for apologizing about the leukemia risk among Samsung workers and offering to help them and their families. Now here is some advice that could help Chairman Lee Kun-hee back to good health. I hope he gets it in time. Please let the appropriate people know if you are connected to Samsung.
Aggressive nutritional therapy by eating a lot of vegetables and some other things can reverse heart disease, as practiced by Dr. Joel Fuhrman and others:
https://www.drfuhrman.com/dise...
"When it comes to combating heart disease, most information sources promote drugs and surgery as the only viable lines of defense. As a result, the demand for high-tech, expensive and largely ineffective medical care is overwhelming, causing medical costs and insurance rates to skyrocket. This chase for "cures" is both financially devastating and futile. Morbidity and premature mortality from heart disease continue to rise with no sign of abating. Interventional cardiology offers only partial benefits, since these procedures do not remove the causes of the problem. Attempts to intervene with invasive procedures or surgery after the damage already has been done have not been shown to offer a significant reduction in cardiac deaths.
We need to keep in mind that angioplasty and bypass surgery have some significant adverse outcomes, including heart attacks, stroke and death. These invasive procedures only attempt to treat a small segment of the diseased heart, usually with only temporary benefit. Patients treated with angioplasty and bypass surgery continue to experience progressive disability, and most still die prematurely as a result of their heart disease.
The average person is not aware that there are safer, more effective options available. Unfortunately, government agencies are often slow to respond to new scientific information and continue to advocate outdated recommendations. Economic and political forces also make it difficult for Americans to be clearly informed that heart disease is self-induced and totally avoidable by eating a diet of nutritional excellence."The same is no doubt true in many other countries, probably including South Korea. Even GW Bush got scammed in that sense:
"Was George W. Bush's stent necessary?"
http://www.drfuhrman.com/libra...
"President Bush needed aggressive nutritional counseling and potentially life-saving nutritional information. It sounds like he was not properly informed of these studies documenting the ineffectiveness of PCI and the value of the proper dietary intervention. If not, I consider that malpractice. Every potential candidate for angioplasty (PCI) should know that their disease can be effectively reversed via superior nutrition and that surgical interventions are not protective against future events. Remember too, that almost half of all those on optimal medical therapy for high cholesterol and high blood pressure, still ultimately suffer heart attacks. Was President Bush informed about Dr. Ornish's Lifestyle Heart Trial, which scientifically documented that lifestyle changes alone can reverse coronary artery disease? Even President Clinton could have shared his ex -
Re:PS4 hardware
> Why didn't Sony make the PS4 hardware more like that of the PS3?
There are 2 parts to the answer: hardware + software.
SCEA, the games division of Sony, is NOT in the hardware business -- they are in the entertainment business. SAY WHAT?! But you ask "They designed all the hardware for the PS1, PS2, and PS3. What changed??"
Designing and Developing custom hardware is incredibly expensive. Sony was in the RED for about 4 years due to paying an expensive development cost on the PS3. The PS2 GPU - the GS - had a hardware bug where one of the Z-Test modes was completely broken! Sony was not going to repeat that same costly mistakes.
There is a reason commodity off-the-shelf hardware is cheap. Mass produced, and "good enough", which means "fast enough." Why pay engineers to "re-invent" the wheel for an CPU + GPU when there are already OTHER companies out there who have sunk a ton of man-hours and money into producing them??
Second, by using standard hardware, instead of fast "esoteric" hardware, you make it easier for developers.
Developers were constantly complaining to SCEA saying that while the PS3 had more power then the Xbox360 the XBox360 was vastly easier to develop for. Microsoft had a better compiler + IDE compared to the SN toolchain (which Sony eventually bought.)
> Then less effort would be needed to ensure PS3 games are portable to the newer system.
This doesn't make any financial sense.
The PS3 has 1 CPU (PowerPC Cell / PPE) plus 6 co-processors (SPE). The SPEs have 256KB of RAM but are EXTREMELY fast. The SPEs have their own assembly language.
The multi-core x86 means SCEA didn't have to focus on A) a compiler for the PowerPC Cell, and B) another compiler for the SPE. They can leverage GCC x86 across the board especially with x86 having 4 - 8 cores now.
For the full story will want to see these:
* https://www.youtube.com/watch?...
* http://www.wired.com/2013/11/p...
* http://www.forbes.com/sites/er... -
Re:Infrastructure
All this report shows is the the grid can handle a few EVs it says nothing about handling a lot of EVs.
Some quick googling shows lots of similar articles and studies. The utilities don't seem to be worried. My guess is that they are happily anticipating becoming the energy provider for transportation in addition to their current business. And, if BEV takes a decade to become commonplace they have a full decade to upgrade the grid.
"As the power grid stands right now, it can already handle millions of electric vehicles without bringing any further power plants online."
( http://science.howstuffworks.c... )"Kjaer is less concerned about transmission or generation being overtaxed, as long as consumers are taught to charge their plug-in cars at night, during off-peak demand periods, to smooth the load. "
( http://www.scientificamerican.... )"Doggett is CEO of the Electric Reliability Council of Texas – which oversees the state’s electric grid. On Tuesday he told lawmakers on the Senate Natural Resources Committee that he doesn’t believe even widespread adoption of electric vehicles would have any negative effect on the transmission system."
( https://stateimpact.npr.org/te... )"“Surprisingly, we found that in general, the electric utility infrastructure is already prepared to meet the President’s 2015 challenge. Our research revealed that utilities will not likely need to upgrade or expand transmission or generation capacity in the next ten years specifically to meet electric demand from EVs at projected adoption rates."
( http://www.forbes.com/sites/pe... )And here is a paper from Southern California Edison which doesn't seem too worried about the impact of BEV on their grid:
http://newsroom.edison.com/int... -
Re:They've been pushing this angle for a while
(They're the iPhone of electric cars - they've got the luxury market, it's not clear they'll ever get into the mass market where the real money is.)
.I thought the iPhone was making something like 80%+ of the profit of the cell-phone industry?
OK it is not 80%: "Apple made more money than all of its competitors combined, taking in 56 percent of the profit in the mobile device market."
http://www.forbes.com/sites/to...If you are making the majority of the profit from a market, you aren't doing too badly. Even if you only sell to the "luxury" segment of that market.
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Re:has this ever worked?
There is a reason that Austin has topped Forbes list of Biggest Boom Towns, and Top Tech Town. The ratio of income to cost of living, it even made it on Slashdot. A lot of big names have offices there too, such as Dell, HP, Cisco, Apple, etc...
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Re:has this ever worked?
There is a reason that Austin has topped Forbes list of Biggest Boom Towns, and Top Tech Town. The ratio of income to cost of living, it even made it on Slashdot. A lot of big names have offices there too, such as Dell, HP, Cisco, Apple, etc...
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Re:Get off your butts slashdotters
Just remember, people with cancer who complained about how Obamacare was hurting them and their treatments were FOUND OUT TO BE dirty filthy liars and then were audited by the IRS.
Fixed that for you, you fucking AC shill.
http://www.forbes.com/sites/ri...
http://www.washingtonpost.com/...Math, it's what for dinner.
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Re:Coded language?Joshua Steimle just wrote a mind-boggling anti-neutrality article at Forbes. It's a perfect example of the hypocrisy you're talking about. He whines about government intervention = BAD, but then completely ignores the fact that bigass monopolies acting against the public interest is also bad. It is not "free market" when companies are given government subsidies (AKA tax breaks), rights of way, and spectrum licenses. You didn't hear radio stations talking about "free market" back during the pirate radio days, now did you?
Honestly, I wouldn't have any problem with non-neutral networks if there was competition. Those of us who cared would flock to net neutral competitors, or competitors whose QOS favored our packets of choice. Let's face it, this is an area that just cries out for a natural monopoly. And just about every economist agrees that natural monopolies must be heavily regulated to function in the public's best interest.
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Re:Productivity is an exponential function of tale
Yes. It is often the case that I solve in 10-15 minutes a problem someone has been working on for days and days. After a while, people just come ask me before they start. Team productivity is such that we are asked "why is the team so productive, we don't understand". They see the magic, but they do not understand the magic. Developernomics
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Re:We all need to pay higher taxes
Here's a good article on it - http://www.forbes.com/sites/re...
To understand the magnitude of this problem, the authors note one solution that includes all the following: âoeraise income taxes by 17 percent, raise payroll taxes by 24 percent, cut federal purchases by 26 percent, and cut Social Security and Medicare benefits by 11 percent.â
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Re:Well, opportunity missed.
Don't you wish you could...
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Re:Still stuck in an analogue thinking pattern
Given all that we know about GM, can someone explain (aside from the obvious political reasons / TBTF), why this company was bailed out? Romney was correct, it should have been allowed to go bankrupt. In addition, the taxpayer still had to eat a $10 billion loss. GM management was incompetent to the core. This idea is yet another example of it for all of the reasons you list and more.
The question is would letting GM go bankrupt have resulted in more than 10 billion in losses in terms of lost payroll taxes and increased social assistance benefits for all of the GM workers and all of the assorted companies that also would have gone under?
Further down in the linked article is "On all TARP investments to date, including the sale of Treasury’s shares in AIG, the government has recovered a total of $432.7 billion on $421.8 billion disbursed. " so overall, it doesn't look like all the TARP funds were such a bad investment even from a straight purchase-sale calculation.
Of course, it is much harder to figure out if, long term, this was a good policy - would the economy have been better off to "kill off" the sick or better off in "healing" the sick? Have any of the "sick" been healed or are they still "sick"? Have we ensured similar things don't happen in the future?
I don't have high hopes for answers to these sorts of questions.
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Re:Still stuck in an analogue thinking pattern
Given all that we know about GM, can someone explain (aside from the obvious political reasons / TBTF), why this company was bailed out? Romney was correct, it should have been allowed to go bankrupt. In addition, the taxpayer still had to eat a $10 billion loss. GM management was incompetent to the core. This idea is yet another example of it for all of the reasons you list and more.
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Re:It's still debt
Financing is often a cause of crushing poverty, not a way out of it...my state has been trying for years to shut down payday loan joints .
"Often" is a terrible misrepresentation of a useful tool that helps a LOT of people.
No, "Always" or even "Most of the time" would be terrible misrepresentations. "Often" is, sadly, fairly accurate, as we get to see every few decades with our modern, bubble-burst-bubble form of economics. On top of that, a lot of people get crushed under payday loan and similar types of predatory debt. Hell, it wasn't a decade ago that shit-tons of American households got hosed by predatory banking practices, a la the "Mortgage Meltdown," and subsequent TARP bailouts.
Financing can be a problem, but usually small business loans are not that kind as you shed the debt if the business does not work out (especially micro-loans). Don't throw out a civilization with the bathwater.
Hyperbole. I never suggested any sort of end to financing, only pointed out that the reality of predatory financing is anathema to your apparent contention that financial devices are an alternative to "crushing poverty," as opposed to being a cause of it, even if the occasion is rare (which it's not).
We'd be better off with a dollar that's actually worth something and decent wages than any amount of financing./em
And how do you intend to have decent wages Mr Anderson, when there are no jobs to begin with... *cue wicked smile*.
If only there were a program to help people create small companies so there could be more jobs that would eventually pay better...
What would be even even better is if the government had a reasonable definition of "small business," so the handful of SBA loans being given out annually don't end up being gobbled up by some multi-million dollar, Fortune 500 company. Here's a Forbes article that illustrates my point.
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Re:Most damaging release yet
Just wait till the markets open tomorrow. NASDAQ down 600-800 points (at least). Nobody sane is going to purchase US-made networking gear for a very long time.
Nah, this won't budge the markets, mainly because this info was released some time ago - and it wasn't limited to router hardware.
The only reason this is being re-reported is to promote Greenwalds's book.
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Re:ya
I believe dividends get taxed more than capital gains. Hence government f*cks things up again.