Ogilvy & Mather is well respect advertising firm with hundreds of offices and part of WPP, an even larger firm. No way are they "internet trolls". Running a webpage for BP, sure. Doing quasi-illegal stuff, they could get caught for and likely aren't being much paid for.... I really really doubt it.
FISA courts aren't really courts in that the court doesn't have the same degree of authority nor the same checks as a normal court. That's why I consider it semi-bypassing. It is arguably either a court only in name or a weak court. On the other hand this structure is overseen by congress.
They can't brute force. Do the math. There are 2.8x10^147 primes which are good candidates for 1024-4096 bit keys. If you were to use every atom in the universe to compute 1 prime per nanosecond you still ain't close to brute forcing your way out.
LE has to get a subpoena and that's overseen by the courts. NSA is semi bypassing the entire system and that's overseen by congress and intelligence courts for whatever that's worth.
What Yahoo is avoiding is being spied on not being subject to a court order.
If the government demands Yahoo turn over all transmissions they fight it. If they lose (which they likely will) it becomes hard to keep that secret from lots of employees who might squeal.
The credit agencies are going to hit the roof. They are regulated. Unilateral debts which is a fine, are clear cut violations of their terms of service. They are definitely going to revoke kleargear.com's membership and may go much further than that.
Haskell allows types to be in a hierarchy. A => X(A) So for example you could have acceleration defined as an adjustment type time(distance). And then you could define a function to take A(B) and Y(A) to Y(B) in an abstract way.
map for example takes a function from a to b, an array of a (i.e. a structured type on top of a) and returns an array of b. number class is a good example of this sort of hierarchical layering.
So yes, you can do it to some extent in Haskell. If you want to go further Qi or Shen both offer a type system fully programmable in a prolog.
America has gotten everyone to the negotiating table multiple times. During the Clinton administration they even got the parties close to an agreement. But close doesn't count. So far there isn't a deal to be had.
Iran has developed nuclear capabilities that are somewhat inconsistent with a purely energy production system but are consistent with a weapons development program. They have refused certain levels of monitoring and more importantly removal. They are being deliberately provocative. So yes they have a nuclear weapons program.
As for the United States ignoring attempts. The Islamic Republic of Iran has until recently consistently refused direct talks and consistently refused to establish diplomatic relations. In what possible sense can there actions be seen as good faith negotiations. Now I agree the United States isn't all roses either but both sides have genuinely a level of hostility just short of war.
You mean like develop an alternative HTML rendering engine,
Alternative HTML rendering engines are fine. It is alternative JavaScript rendering engines that Apple is concerned about. And they are happy to work with developers on interpreters providing those developers are willing to offer appropriate safeguards. Which for a general purpose web browser are sky high. That being the case though, they have for example approached Microsoft about a trident based browser for iOS.
or set up their own app/book/music/video store
That's perfectly acceptable to them. Those applications exist now in huge numbers.
or write a better SMS messaging system,
That's a violation of FCC regulations. SMS is a regulated protocol. I'm not sure what you meant here.
or port their keyboard from Android,
I have 4 keyboard applications on my iOS device. They don't let you change default keyboards the same as they don't let you change any other default.
Yes, and now you get complaints that your app is dog slow because the OS runs like a dog on older hardware, but users were not clever enough to block the update and can't downgrade.
What does OS upgrades slowing the system down have to do with applications? That's not going to hit any particular application.
Those practices are repeatedly passed by the congress, signed into law by two presidents and upheld by the courts. They aren't illegal. You may not like the law, but it is the law. You as a citizen have the right to vote for legislators that oppose the patriot act and similar acts.
If a company wanted to provide this information without actually explicitly stating it, couldn't they release a more detailed report of their finances, including business expenses incurred as a part of dealing with these requests. If they accounted for each request as a flat rate, it would be possible to glean the information without breaking any laws about publishing how many requests they received.
That's communicating the number of requests. The law doesn't exempt indirect communication of that information. The same way that someone who indirectly but deliberately has someone killed is charged with murder.
I have to say your indicating that loss of the ability to incur debt via. bankruptcy is a terrible hardship and then on the other hand your casually dismiss it as of no consequence. The lenders do bear the risk from bad debt. During a bankruptcy the borrowers are effectively making money from the lenders. Lenders do not benefit from issuing debt that leads to a bankruptcy unless the interest rate were very high (i.e. something like credit card debt the interest can be high enough that it still pays).
And it's not like you won't get evicted and your car repossessed right now if you fail your debt repayments, so what purpose does it ultimately serve, other than inflating prices?
The purpose it serves is starting from about 1910 wanted to establish an ownership society. We did not want an American where Americans mostly did not have any wealth or any possessions. People without property tend to be much more willing to try radical political solutions. So for example during the great depression America did not go fascist, though it often leaned close. If tens of millions of Americans hadn't owned property it might very well have.
The number one way in which people emerging from the lower middle class start to acquire wealth is buy owning a home rather than renting. The mortgage system is how we allow people with little wealth to over the large chunk of their life accumulate wealth. Assuming one likes the idea of a propertied middle class, it has been remarkably successful. This focus on creating a propertied middle class has changed since the Republicans have done a 180 on the issue of supporting a propertied middle class as they have adopted neo-confederate financial theories. But prior to 2010 this was something both parties agreed on.
Car loans create a similar system lower down on the socio-economic scale. Often a car becomes before a home, and the first car purchase creates some equity. A person buys a $25k car and 5 years later that car is still worth $7k though they own it outright. 401K is another part of this.
If debt is destroyed by bankruptcy, how would my plan increase the risks any? If anything, it would lower them, since instead of bankruptcy you now get a simple delay in repayment.
Your plan would allow borrowers to go into bankruptcy very casually. They just declare that their circumstances have changed and don't pay. The burden of proof shifts. That's a huge increase in risk. A delay in repayment lowers the NPV of the loan. It is a destruction of debt.
People lose their houses, businesses lose their customers which causes them to fail which causes people to lose their jobs, and the cycle continues. It's probably the least efficient way possible to manage the whole affair.
That's deflation. Were it not for the crazies in our government that's a problem that's easily solved. During a time of low interest rates due to financial panic the government borrows aggressively and boosts aggregate demand. That should have happened in 2009-2010 and we would have been out of this quick. But the idiot American people decided to ignore economics and go with their "common sense" about the government "living within its means" so we have had a mild depression for years that's done tremendous harm. Which was entirely avoidable.
Have government guarantee everyone a job, Soviet-style?
You are wiping out the existence of financial contracts essentially. You don't get to make quips about "soviet-style" your plan is to the left of most socialist governments. As for guaranteed jobs, yes. It doesn't have to be done soviet style one can boost aggregate demand for labor via. the tax code quite effectively.
What you are asking for would drastically up the risks. Probably to the extent that the debt market would simply cease to exist. Instead of mortgages you would just have rental arrangements where if you went into default you were "evicted". There would be no car loans, just long term rental arrangements with an initial deposit. Etc
The thing about bankruptcy and debtor-debtee relations is that they were built in a society that was a lot less leveraged than current one. Leveraging accelerates economic growth but it also causes instability - for example, job uncertainty - which people who aren't financial professionals can't be expected to deal with. So, either deleverage and accept less growth, or accept that most people are going to need a buffer against resulting uncertainty, both to make their personal lives more bearable but also to keep the economy from getting constant shocks from cascading bankruptcies which turn every downturn into a crisis.
Mass bankruptcy is the method we as a society use for deleveraging. During a chapter 7 bankruptcy debt is destroyed and replaced with equity. During a chapter 13 debt is effectively destroyed by reducing the burden of payment. I certainly don't agree with the Biden Bankruptcy law which made bankruptcy more onerous but what you are proposing is effectively the end of debt.
But the current system, where you have a significant risk for personal bankruptcy simply for getting a house, is utterly broken.
Why? The only major thing a bankruptcy does it makes credit hard to obtain. If one lives without credit a bankruptcy is not much of a problem. Your reform would generally make it harder to obtain credit for everyone than it is now for someone who has a recent bankruptcy. I'm not sure what it fixes.
I certainly don't like how much luck has to do with our system, but you can fix that directly by making the job market less luck based.
The original poster was commenting on the popular meme that Facebook was a bubble because the IPO went down.
You have a different point that Facebook has been overpriced throughout its entire lifecycle. Facebook isn't a bluechip and shouldn't be evaluated like one. Facebook has roughly 0% of 2011 digital advertising, 5% in 2012 and is growing towards 15% in 2013. A huge percentage of that is coming from mobile advertising which is growing 89% annually. Adbuys globally are well over $2t per year. Digital advertising is still a tiny percentage of that.
Facebook has 751 million people who use the service during a given month (that's accounts who post not merely readers). That's still growing at a 10% annual rate. If you include passive users or infrequent users you probably get another 400m or so. So somewhere between 7-11x the penetration of the Superbowl and something like 35x the penetration of most popular repeating American shows.
Is Facebook going to be able to monazite that? Who knows? But Facebook's valuations are not out of line with typical aggressive growth valuation matrices applied to a company that size. Who cares about earnings what people are paying for is revenue growth and the potential revenue growth.
_____
But even if one considers Facebook priced much too high, Facebook does not a tech bubble make. Facebook is being priced like an aggressive growth stock. The valuations of Apple, Intel, Microsoft, Cisco are all quite reasonable and those are based on long term repeated earnings.
Many capabilities systems like mainframes have this. Oracle's security model has this: SYSOPER, SYS, SYSTEM, SYSDBA. So System doesn't have SYSDBA privileges. Object privileges and system privileges can be broken apart.
Generally of course high power users can grant themselves more privileges but often 2 or more accounts are needed to access those accounts.
So for example X might have the SYS password but not have the password for an OS level account that can log on as SYS. Y has an account that can log on as SYS but doesn't have the password for SYS So that way X and Y can't do anything individually.
How do you figure that a college education is a good bargain? Tuition prices have vastly outpaced inflation, mainly due to permissive government loan programs (throw money into a system, watch prices rise, economics at work).
Nonsense. The supply of education is not fixed. Increase demand and the supply increases rather easily. Tuition prices have tracked wages. What's happened with education is that unlike many other things the production hasn't gotten more efficient. The same thing has happened with tailoring and the price of a man's haircut neither of which are subject to government loan programs.
Now if you want an area where government distortion has created massive price increases: healthcare.
There is a system in the USA which allows debtors who are unable to pay their debts to meet with their financiers and discuss a modified repayment program. That's called Bankruptcy Chapter 13. What you are asking for already exists. There is no need to threaten anyone with jail. Contracts, including debt contracts, are enforced by courts. Making them unenforceable or changes the enforcement system works fine.
Obviously people didn't understand the agreements they entered into on homes. Informed customer laws, like what exist in New Jersey that effectively mandate legal representation for non-expert buyers would solve that problem. The Consumer Protection Agency created by Elizabeth Warren will help somewhat as well.
Slashdot Mirror
Ogilvy & Mather is well respect advertising firm with hundreds of offices and part of WPP, an even larger firm. No way are they "internet trolls". Running a webpage for BP, sure. Doing quasi-illegal stuff, they could get caught for and likely aren't being much paid for.... I really really doubt it.
Yep exactly Especially since from their perspective helping the NSA spy on the citizens of their country is a crime, preventing it their duty.
FISA courts aren't really courts in that the court doesn't have the same degree of authority nor the same checks as a normal court. That's why I consider it semi-bypassing. It is arguably either a court only in name or a weak court. On the other hand this structure is overseen by congress.
They can't brute force. Do the math. There are 2.8x10^147 primes which are good candidates for 1024-4096 bit keys. If you were to use every atom in the universe to compute 1 prime per nanosecond you still ain't close to brute forcing your way out.
LE has to get a subpoena and that's overseen by the courts.
NSA is semi bypassing the entire system and that's overseen by congress and intelligence courts for whatever that's worth.
What Yahoo is avoiding is being spied on not being subject to a court order.
If the government demands Yahoo turn over all transmissions they fight it. If they lose (which they likely will) it becomes hard to keep that secret from lots of employees who might squeal.
Encryption assumes the channel is compromised. Avoiding an intercepter being able to make use of the data is the point.
Sure. I'd pay $3 / mo for a "non telemarketing accessible number".
The credit agencies are going to hit the roof. They are regulated. Unilateral debts which is a fine, are clear cut violations of their terms of service. They are definitely going to revoke kleargear.com's membership and may go much further than that.
1/2 and 1/2.
Haskell allows types to be in a hierarchy. A => X(A)
So for example you could have acceleration defined as an adjustment type time(distance).
And then you could define a function to take A(B) and Y(A) to Y(B) in an abstract way.
map for example takes a function from a to b, an array of a (i.e. a structured type on top of a) and returns an array of b.
number class is a good example of this sort of hierarchical layering.
So yes, you can do it to some extent in Haskell. If you want to go further Qi or Shen both offer a type system fully programmable in a prolog.
I was about to write that too. Type enforcement like he is asking for is trivial in Haskell. So seconded.
The US buys and sells into the global oil market. All the producers influence global supply. It doesn't matter where we individually get oil from.
America has gotten everyone to the negotiating table multiple times. During the Clinton administration they even got the parties close to an agreement. But close doesn't count. So far there isn't a deal to be had.
Iran has developed nuclear capabilities that are somewhat inconsistent with a purely energy production system but are consistent with a weapons development program. They have refused certain levels of monitoring and more importantly removal. They are being deliberately provocative. So yes they have a nuclear weapons program.
As for the United States ignoring attempts. The Islamic Republic of Iran has until recently consistently refused direct talks and consistently refused to establish diplomatic relations. In what possible sense can there actions be seen as good faith negotiations. Now I agree the United States isn't all roses either but both sides have genuinely a level of hostility just short of war.
There is no catch. They basically loan money to their customers and charge it back as part of the monthly fee.
Alternative HTML rendering engines are fine. It is alternative JavaScript rendering engines that Apple is concerned about. And they are happy to work with developers on interpreters providing those developers are willing to offer appropriate safeguards. Which for a general purpose web browser are sky high. That being the case though, they have for example approached Microsoft about a trident based browser for iOS.
That's perfectly acceptable to them. Those applications exist now in huge numbers.
That's a violation of FCC regulations. SMS is a regulated protocol. I'm not sure what you meant here.
I have 4 keyboard applications on my iOS device. They don't let you change default keyboards the same as they don't let you change any other default.
What does OS upgrades slowing the system down have to do with applications? That's not going to hit any particular application.
Those practices are repeatedly passed by the congress, signed into law by two presidents and upheld by the courts. They aren't illegal. You may not like the law, but it is the law. You as a citizen have the right to vote for legislators that oppose the patriot act and similar acts.
That's communicating the number of requests. The law doesn't exempt indirect communication of that information. The same way that someone who indirectly but deliberately has someone killed is charged with murder.
I have to say your indicating that loss of the ability to incur debt via. bankruptcy is a terrible hardship and then on the other hand your casually dismiss it as of no consequence. The lenders do bear the risk from bad debt. During a bankruptcy the borrowers are effectively making money from the lenders. Lenders do not benefit from issuing debt that leads to a bankruptcy unless the interest rate were very high (i.e. something like credit card debt the interest can be high enough that it still pays).
The purpose it serves is starting from about 1910 wanted to establish an ownership society. We did not want an American where Americans mostly did not have any wealth or any possessions. People without property tend to be much more willing to try radical political solutions. So for example during the great depression America did not go fascist, though it often leaned close. If tens of millions of Americans hadn't owned property it might very well have.
The number one way in which people emerging from the lower middle class start to acquire wealth is buy owning a home rather than renting. The mortgage system is how we allow people with little wealth to over the large chunk of their life accumulate wealth. Assuming one likes the idea of a propertied middle class, it has been remarkably successful. This focus on creating a propertied middle class has changed since the Republicans have done a 180 on the issue of supporting a propertied middle class as they have adopted neo-confederate financial theories. But prior to 2010 this was something both parties agreed on.
Car loans create a similar system lower down on the socio-economic scale. Often a car becomes before a home, and the first car purchase creates some equity. A person buys a $25k car and 5 years later that car is still worth $7k though they own it outright. 401K is another part of this.
Your plan would allow borrowers to go into bankruptcy very casually. They just declare that their circumstances have changed and don't pay. The burden of proof shifts. That's a huge increase in risk. A delay in repayment lowers the NPV of the loan. It is a destruction of debt.
That's deflation. Were it not for the crazies in our government that's a problem that's easily solved. During a time of low interest rates due to financial panic the government borrows aggressively and boosts aggregate demand. That should have happened in 2009-2010 and we would have been out of this quick. But the idiot American people decided to ignore economics and go with their "common sense" about the government "living within its means" so we have had a mild depression for years that's done tremendous harm. Which was entirely avoidable.
You are wiping out the existence of financial contracts essentially. You don't get to make quips about "soviet-style" your plan is to the left of most socialist governments. As for guaranteed jobs, yes. It doesn't have to be done soviet style one can boost aggregate demand for labor via. the tax code quite effectively.
Yes that's what I'm saying.
What you are asking for would drastically up the risks. Probably to the extent that the debt market would simply cease to exist. Instead of mortgages you would just have rental arrangements where if you went into default you were "evicted". There would be no car loans, just long term rental arrangements with an initial deposit. Etc
Mass bankruptcy is the method we as a society use for deleveraging. During a chapter 7 bankruptcy debt is destroyed and replaced with equity. During a chapter 13 debt is effectively destroyed by reducing the burden of payment. I certainly don't agree with the Biden Bankruptcy law which made bankruptcy more onerous but what you are proposing is effectively the end of debt.
Why? The only major thing a bankruptcy does it makes credit hard to obtain. If one lives without credit a bankruptcy is not much of a problem. Your reform would generally make it harder to obtain credit for everyone than it is now for someone who has a recent bankruptcy. I'm not sure what it fixes.
I certainly don't like how much luck has to do with our system, but you can fix that directly by making the job market less luck based.
The original poster was commenting on the popular meme that Facebook was a bubble because the IPO went down.
You have a different point that Facebook has been overpriced throughout its entire lifecycle. Facebook isn't a bluechip and shouldn't be evaluated like one. Facebook has roughly 0% of 2011 digital advertising, 5% in 2012 and is growing towards 15% in 2013. A huge percentage of that is coming from mobile advertising which is growing 89% annually. Adbuys globally are well over $2t per year. Digital advertising is still a tiny percentage of that.
Facebook has 751 million people who use the service during a given month (that's accounts who post not merely readers). That's still growing at a 10% annual rate. If you include passive users or infrequent users you probably get another 400m or so. So somewhere between 7-11x the penetration of the Superbowl and something like 35x the penetration of most popular repeating American shows.
Is Facebook going to be able to monazite that? Who knows? But Facebook's valuations are not out of line with typical aggressive growth valuation matrices applied to a company that size. Who cares about earnings what people are paying for is revenue growth and the potential revenue growth.
_____
But even if one considers Facebook priced much too high, Facebook does not a tech bubble make. Facebook is being priced like an aggressive growth stock. The valuations of Apple, Intel, Microsoft, Cisco are all quite reasonable and those are based on long term repeated earnings.
Many capabilities systems like mainframes have this. Oracle's security model has this: SYSOPER, SYS, SYSTEM, SYSDBA. So System doesn't have SYSDBA privileges. Object privileges and system privileges can be broken apart.
Generally of course high power users can grant themselves more privileges but often 2 or more accounts are needed to access those accounts.
So for example X might have the SYS password but not have the password for an OS level account that can log on as SYS.
Y has an account that can log on as SYS but doesn't have the password for SYS
So that way X and Y can't do anything individually.
Nonsense. The supply of education is not fixed. Increase demand and the supply increases rather easily. Tuition prices have tracked wages. What's happened with education is that unlike many other things the production hasn't gotten more efficient. The same thing has happened with tailoring and the price of a man's haircut neither of which are subject to government loan programs.
Now if you want an area where government distortion has created massive price increases: healthcare.
There is a system in the USA which allows debtors who are unable to pay their debts to meet with their financiers and discuss a modified repayment program. That's called Bankruptcy Chapter 13. What you are asking for already exists. There is no need to threaten anyone with jail. Contracts, including debt contracts, are enforced by courts. Making them unenforceable or changes the enforcement system works fine.
Obviously people didn't understand the agreements they entered into on homes. Informed customer laws, like what exist in New Jersey that effectively mandate legal representation for non-expert buyers would solve that problem. The Consumer Protection Agency created by Elizabeth Warren will help somewhat as well.