Slashback: Pong, Economics, Stability

Slashback with updates and clarifications from several previous stories -- read on below for updates on connecting continents, mechanical pong, Microsoft's ASP fix, and more.

That was fast. jsin writes "Microsoft has provided a patch for the ASP.NET exploit mentioned [on October 7th] on Slashdot, among other outlets. From the article: "To aid customers in protecting their ASP.NET applications, an HTTP module has been developed that implements canonicalization best practices. By applying this module to your web server, all ASP.NET applications on the server are protected against canoncalization problems known to Microsoft as of the publication date.""

Warring academics , never pretty. DAldredge writes with news of another side to the economic debate in academia over the plans of this year's two leading presidential candidates, pointing to this "statement Wednesday by 368 economists, including six Nobel laureates: Gary Becker, James Buchanan, Milton Friedman, Robert Lucas, Robert Mundell, and -- the winner of this year's Nobel Prize in Economics -- Edward C. Prescott. The economists warned that Sen. Kerry's policies 'would, over time, inhibit capital formation, depress productivity growth, and make the United States less competitive internationally. The end result would be lower U.S. employment and real wage growth.'"

The steel cage match with the members of the Harvard Business School opposed to Bush's economic policies has yet to be announced.

Hey Pal, would you please Pay? Daemon writes "eBay made an official announcement stating that they are stabilizing their Paypal services after a few days of problems: 'Most members are now able to log in to the PayPal site to access account information, use shipping functions, use PayPal debit cards, and pay for items online with no difficulty.'

Again, it seems there are still problems on the horizon (or hidden under?) since they say: 'Should you encounter any errors when attempting to log in or use different PayPal functions, please try again.' The full announcement can be viewed on their System Status Announcement Board."

Do please try this at home. adelayde writes "Here we have an article on a wireless IP link between Europe and Africa. It documents the full details about the 802.11b link between the two continents, traversing the Gibraltar Strait, as part of the Transacciones / Fadaiat project and with it placed within the geo-political context of immigration and freedom of movement. The announcement was originally posted to Slashdot in June 2004."

What I want to see is a mechanical Ping-Pong! yathosho writes "German magazine Spiegel Online has posted an interview with art-student Niklas Roy, creator of Pongmechanik, an electromechanical conversion of the classical game Pong."

(We mentioned this amazing looking device last month.)

Comments

the economist letter about Kerry

[fireduck]

shouldn't the link be to the actual letter; rather than an analysis by a former assistant of VP Cheney?

And who cares. A quick google search turned up a poll conducted by The Economist, where academics gave just the opposite opinion: low marks for Bush and high marks for Kerry.

Re:the economist letter about Kerry

[js7a]

As somone whose sig deals entirely with economics, I feel that the Republicans are only pretending to debate in order to continue their merciless subjegation of the lower class.

My Slashdot journal contains many additional details, including a recent letter from 160+ business professionals and academics.

The facts are clear: Democrats get a four percent GDP bonus. Therefore Kerry is more likely to be able to balance the budget than either of them, even if they were saying the exact same things.

Those are some heavy thinkers

[RealAlaskan]

... "statement Wednesday by 368 economists, including six Nobel laureates: Gary Becker, James Buchanan, Milton Friedman, Robert Lucas, Robert Mundell, and -- the winner of this year's Nobel Prize in Economics -- Edward C. Prescott. ... warned that Sen. Kerry's policies 'would, over time, inhibit capital formation, depress productivity growth, and make the United States less competitive internationally. The end result would be lower U.S. employment and real wage growth.'"

That's some pretty heavy artillery. Becker, Buchanan, Mundel, Friedman, Prescott ... if those guys agree on something, there's probably fire behind the smoke.

It's no surprise to hear that from Friedman, but some of the others on that list aren't so consistantly against government involvement in the economy. Here is the statement itself, with a list of the folks who signed it. There are a few names I recognize, but the noticable thing is these guys are from all over.

Quote of the letter itself, since it's likely to get /.ed.:

To whom it may concern:

We, the undersigned, strongly oppose key aspects of the economic agenda that John Kerry has offered in his bid for the U.S. presidency.

John Kerry says he "is committed to balancing the budget," but he has proposed additional spending that some analysts have estimated could cost as much as $226.1 billion annually ($2.261 trillion over ten years). He promises to "end corporate welfare as we know it" by implementing the "McCain-Kerry commission on corporate welfare," but he also proposes to provide additional "tax credits and subsidies to manufacturers" that meet his criteria.

Entitlement reform is the most important fiscal challenge facing the country, yet Kerry's approach has been to deny that any fix is needed. Indeed, Kerry criticized the recent Medicare expansion for not being large enough.

John Kerry has proposed tax increases that threaten to sap the economy's vitality and reduce long-term growth. Specifically, Kerry proposes to "restore the top two [income] tax rates to their levels under President Clinton." He would also, among other things, "restore the capital gains and dividend rates for families making over $200,000 on income earned above $200,000 to their levels under President Clinton." Kerry's stated desire to balance the budget and to boost federal spending substantially would almost certainly require far higher and broader tax increases than he has proposed.

John Kerry boasts that his economic policies will lead to the creation of 10 million jobs in his first term as president. As Martin Sullivan wrote last April in the strictly non-partisan Tax Notes, no one "has presented any analysis to relate the Kerry plan to the creation of 1 million jobs, much less 10 million jobs." In fact, we believe Kerry's proposals would, over time, inhibit capital formation, depress productivity growth, and make the United States less competitive internationally. The end result would be lower U.S. employment and real wage growth.

John Kerry has expressed a general reluctance to reduce trade barriers. He has promised, if elected, to "review existing trade agreements." He vows not to "sign any new trade agreements until the review is complete and its recommendations [are] put in place." That's a prescription for political gridlock. Given the widespread benefits of unfettered trade, Kerry's trade policies would harm U.S. producers and consumers alike.

All in all, John Kerry favors economic policies that, if implemented, would lead to bigger and more intrusive government and a lower standard of living for the American people.

Note : Affiliations are provided for identification purposes only. The organizations listed below should in no way be considered as endorsing the views of the individual.