If it was a trade secret then there is no priot art, by definition. If there was prior art then you published something at some point and hence it wasn't a trade secret.
And what happens when the bank goes under due to the costs of paying out a claim? Are the owners of the company being insured then personally liable? Or are the owners of the bank personally liable (unless they in turn have insurance and the bankruptcy doesn't just move up the chain)?
High level bureaucrats in the old USSR would count I think. They might get punished if they really screw something up, but only if they managed to get on the bad side of their peers.
Except that is orthogonal to capitalism. You can have capitalism without the limited liability of corporations and with laws that punish executives for their actions. And you can have executives with no personal responsibility without capitalism, though you would probably call them something else.
That's kind of like saying that consumers are underinformed because there are no autism warning labels on vaccines. Anti-vaccine people aren't demonstrating that they're more informed than the rest of us - they're just demonstrating that they don't know WTF they're talking about.
No it isn't. Unless your arguing against some mythical label that says "GM might cause cancer or be generally bad for you and this product contains them".
The actual GM labels just say that last part "this product contains GM foods", without making any claim to whether that is a good thing or a bad thing.
Do you want your mercury containing vaccines (not that there are many anymore - and look no drop in autism rates...) to not say that they are?
Of course things have become more expensive they've been psuedo-pegging their currency to the USD, which means all those years of ridiculously low interest rates and defecit spending that should have been driving inflation in the US have instead been feeding inflation over there.
I think inflation has been the US's major export for quite a while now:)
They'll stop subsidizing the US soon enough and that'll stop anyway.
Having an arrest on your background check (for something like trespassing, resisting arrest, etc as opposed to child abuse, etc, or if it is unspecified) is a bad thing for most people, I'm thinking for a journalist it might be considered a good thing. Assuming you are going for an actual journalism job not as a talking head on fox or msnbc.
The US government won't default of course. But when that -1% inflation is in the triple digits that 3% won't look so hot.
They'll never default because that would be the right thing to do, they'll just print it up and inflate it away.
And no very high inflation (or even hyperinflation) in the US will not be apocalyptic for the rest of the world. Well unless the US decides to nuke its way out instead of printing I guess, but that seems really unlikely.
If you don't think a way overvalued market isn't a problem, then no wonder we disagree. And if you think ignoring problems until they are too large to do anything about it the best course, then again I see why we disagree.
And that debt isn't helping the short term problem either. Keynesian economics does actually work, but there's this little part the US forgot about - you stimulate during the down swing but you also have to hold back the economy during the up swing.
If you run a deficit during the up swing then you are going to be screwed on the down side. The bust is then too large and your resources to few to do anything beneficial.
If you were running stimulus throughout the boom then you can't just increase it during the bust, well you can but say hello to an inflationary bust - which is just about the worst thing you can wish on your economy.
I'm really not concerned about debt in 2050. By 2050 the US economy will be back on track and the collapse of the 2010s will just be text book tales to scare the kiddies.
And there was no problem in the housing market in 2006 right?
I'm not claiming to hold the mainstream view, and hopefully I'm completely wrong. Heck it's probably likely I'm wrong, I don't have a degree in finance or anything like that and people much smarter than me hold the opposite view.
My view is much more fun for ranting on the interwebs, though.
Actually, there's lots and lots of people who want to buy US debt. Someone else will pick up China's purchases, at a slightly higher interest rate.
Really, the reason China is allowing the RMB to float is they already are not comfortable owning that much US debt. They were already cutting down on purchasing new debt.
That "slightly" higher interest rate is the problem. The US has been issuing short term bonds instead of 30 year bonds (because while people are dumb enough to buy the short term stuff, there aren't enough suckers dumb enough for the long term stuff).
40% of the debt matures within 12 months. there's about $13 trillion of it, so $5.2 trillion needs to be rolled over or paid back in the next year. Of course a large chunk of that debt is owned by the government itself so I guess they can underpay themselves - no one actually wants to collect social security anyway...
So every percentage point increase in borrowing costs means $52 billion dollars a year extra borrowing or less spending.
Those "lots and lots of people" are clearly all crazy, what sort of fool wants to lend money to someone who you know can only pay it back if they manage to convince someone else to loan them even more money when the debt comes due.
Hey that sounds just like lending huge gobs of money to someone to overpay for a house, hoping they'll manage to find a bigger sucker in a few years to borrow even more money to overpay even more.
"buying or selling its own currency" is what I'm referring to.
Actual steps are:
1. China prints (virtually speaking) some currency. 2. China sells said currency for US dollars. 3. China buys treasuries with those US dollars.
Now they could skip step and just sit on currency without earning a return on it. But that would be silly investment wise and that would make the next round of buying dollars harder because there would be fewer US dollars available.
Buying treasuries recycles the dollars since the US government spends the money like drunken sailors.
Without this artificial demand for treasuries either taxes would have to go up, or the US would have to print money more directly. Or reduce spending or course, but you don't get elected doing that.
It's bizarre that Americans complain about that pegged currency.
You do realize that if China wasn't buying treasuries like crazy in order to stop their currency from climbing in value against the USD then all that government spending would have to be paid by taxing you more, right?
The US government could break that dollar peg overnight by refusing to issue anymore debt.
But don't worry it ends in the relatively near term anyway, sadly though America isn't going to enjoy the end of this "the rest of the world does all the work, while we consume all the stuff and send them IOUs".
Global free trade is one of those things that sounds really good in theory, but in practice ends up driving down wages everywhere
Really? You have some statistics to back up your claim that the wages in China and India have fallen since they got on the global free trade bandwagon right?
The *new* 4 doesn't work. There is no option to get it to work as advertised.
A magically version isn't going to pop into existance just because you want to have it.
You can return it and cancel the plan. Or you can swap it for a different phone and keep teh plan. Or you can keep it and the plan and hope it gets fixed.
Seems really srange to want something so badly, when you know it doesn't work...
Slashdot Mirror
If it was a trade secret then there is no priot art, by definition. If there was prior art then you published something at some point and hence it wasn't a trade secret.
And what happens when the bank goes under due to the costs of paying out a claim? Are the owners of the company being insured then personally liable? Or are the owners of the bank personally liable (unless they in turn have insurance and the bankruptcy doesn't just move up the chain)?
It's not even that high up the chain.
High level bureaucrats in the old USSR would count I think. They might get punished if they really screw something up, but only if they managed to get on the bad side of their peers.
Except that is orthogonal to capitalism. You can have capitalism without the limited liability of corporations and with laws that punish executives for their actions. And you can have executives with no personal responsibility without capitalism, though you would probably call them something else.
Yeah much better to have a dozen people type in their own explanations, half of which will be wrong than to just type 3 characters into google.
Congratulations on being the laziest most selfish person in existence, well for today anyway.
And TCP is the only protocol in existence, right?
No one told her the IV was full of man made chemicals? Lucky she wasn't an internet forum addict at the time I guess...
No it isn't. Unless your arguing against some mythical label that says "GM might cause cancer or be generally bad for you and this product contains them".
The actual GM labels just say that last part "this product contains GM foods", without making any claim to whether that is a good thing or a bad thing.
Do you want your mercury containing vaccines (not that there are many anymore - and look no drop in autism rates...) to not say that they are?
Because "football" has nothing to do with the ball mainly being kicked. Not by the modern meanings and not by the original usage of the word.
So those people insist on using the word correctly, so I guess the real question is why do you want it to mean something entirely new?
A bankrupt one?
That's a strange definition of "everywhere" you have there.
Of course things have become more expensive they've been psuedo-pegging their currency to the USD, which means all those years of ridiculously low interest rates and defecit spending that should have been driving inflation in the US have instead been feeding inflation over there.
I think inflation has been the US's major export for quite a while now :)
They'll stop subsidizing the US soon enough and that'll stop anyway.
Having an arrest on your background check (for something like trespassing, resisting arrest, etc as opposed to child abuse, etc, or if it is unspecified) is a bad thing for most people, I'm thinking for a journalist it might be considered a good thing. Assuming you are going for an actual journalism job not as a talking head on fox or msnbc.
The US government won't default of course. But when that -1% inflation is in the triple digits that 3% won't look so hot.
They'll never default because that would be the right thing to do, they'll just print it up and inflate it away.
And no very high inflation (or even hyperinflation) in the US will not be apocalyptic for the rest of the world. Well unless the US decides to nuke its way out instead of printing I guess, but that seems really unlikely.
If you don't think a way overvalued market isn't a problem, then no wonder we disagree. And if you think ignoring problems until they are too large to do anything about it the best course, then again I see why we disagree.
And that debt isn't helping the short term problem either. Keynesian economics does actually work, but there's this little part the US forgot about - you stimulate during the down swing but you also have to hold back the economy during the up swing.
If you run a deficit during the up swing then you are going to be screwed on the down side. The bust is then too large and your resources to few to do anything beneficial.
If you were running stimulus throughout the boom then you can't just increase it during the bust, well you can but say hello to an inflationary bust - which is just about the worst thing you can wish on your economy.
I'm really not concerned about debt in 2050. By 2050 the US economy will be back on track and the collapse of the 2010s will just be text book tales to scare the kiddies.
They know that being able to resell the physical disk is worse something.
And there was no problem in the housing market in 2006 right?
I'm not claiming to hold the mainstream view, and hopefully I'm completely wrong. Heck it's probably likely I'm wrong, I don't have a degree in finance or anything like that and people much smarter than me hold the opposite view.
My view is much more fun for ranting on the interwebs, though.
That "slightly" higher interest rate is the problem. The US has been issuing short term bonds instead of 30 year bonds (because while people are dumb enough to buy the short term stuff, there aren't enough suckers dumb enough for the long term stuff).
40% of the debt matures within 12 months. there's about $13 trillion of it, so $5.2 trillion needs to be rolled over or paid back in the next year. Of course a large chunk of that debt is owned by the government itself so I guess they can underpay themselves - no one actually wants to collect social security anyway...
So every percentage point increase in borrowing costs means $52 billion dollars a year extra borrowing or less spending.
Those "lots and lots of people" are clearly all crazy, what sort of fool wants to lend money to someone who you know can only pay it back if they manage to convince someone else to loan them even more money when the debt comes due.
Hey that sounds just like lending huge gobs of money to someone to overpay for a house, hoping they'll manage to find a bigger sucker in a few years to borrow even more money to overpay even more.
What could possibly go wrong?
It's going to anyway so that doesn't matter.
"buying or selling its own currency" is what I'm referring to.
Actual steps are:
1. China prints (virtually speaking) some currency.
2. China sells said currency for US dollars.
3. China buys treasuries with those US dollars.
Now they could skip step and just sit on currency without earning a return on it. But that would be silly investment wise and that would make the next round of buying dollars harder because there would be fewer US dollars available.
Buying treasuries recycles the dollars since the US government spends the money like drunken sailors.
Without this artificial demand for treasuries either taxes would have to go up, or the US would have to print money more directly. Or reduce spending or course, but you don't get elected doing that.
It's bizarre that Americans complain about that pegged currency.
You do realize that if China wasn't buying treasuries like crazy in order to stop their currency from climbing in value against the USD then all that government spending would have to be paid by taxing you more, right?
The US government could break that dollar peg overnight by refusing to issue anymore debt.
But don't worry it ends in the relatively near term anyway, sadly though America isn't going to enjoy the end of this "the rest of the world does all the work, while we consume all the stuff and send them IOUs".
Really? You have some statistics to back up your claim that the wages in China and India have fallen since they got on the global free trade bandwagon right?
Sure and then you make the term completely meaningless.
Mrs Brown is a terrorist, she threatened to confiscate my pocket knife if I kept carving my name in the desk.
Office Smith is a terrorist, he threatened to put me in jail if I threw a brick through the bank's plate glass window.
My mother is a terrorist she threatened smacked me scratched pictures into her car with the keys.
Ticket Inspector Jones is a terrorist he seized some of my money (via a fine) when I was riding the train without a ticket.
But go ahead, no one will understand what you are talking about but that doesn't matter.
And if you have the media resources of the copyright cartels you might manage to as well. But I'm assuming you don't.
The *new* 4 doesn't work. There is no option to get it to work as advertised.
A magically version isn't going to pop into existance just because you want to have it.
You can return it and cancel the plan. Or you can swap it for a different phone and keep teh plan. Or you can keep it and the plan and hope it gets fixed.
Seems really srange to want something so badly, when you know it doesn't work...