Of course this site doesn't go into too much detail but 95% of our money is magically created out of debt. There are many sites describing it and Ron Paul and Peter Schifft are supports of this. Debt keeps building and building until someone is left with the bag who can't pay. Like the other poster who said the US is a FIAT system with no gold to back it up it is all based on perceived value and faith.
Yes owning a home is nice but it is risk. I view it as a necessary evil if you want to retire and not have to pay a mortgage when you are 60.
The money owed in this case the GDP of many countries for a SINGLE BANK is money owed in interest that is not there. It has to be made up for them to get paid and based on what? Not real work/time but rather the printing presses at the Reserve.
Yes your analogy is correct too with the comic book. But it was paid with actual dollars and not made up with interest that I hope to get paid back later. If this sounds confusing it really is because it does not make any logical sense at all. Debt is not sustainable as more money that needs to be created out of thin air is required as these are counted as real liquid assets by the banks. This is why the share price is much lower than the book value of BOA. It is because smart investors realize their assets are more like expenses than the real inflated value BOA claims they are worth.
The reason it is down is because you have to compete agaisnt The Government when the banks loans your savings. Also supply and demand is an issue with the printing press of money being run day and night. This is no spread. The banks prefer the less risky and larger FED money they get nearly for free and charge back to the government again with treasury bonds. There is soo much money that they know you wont go elsewhere for your investing needs either and dont care. When it gets tight things rapidly change.
During the late Carter and early Reagan years you could earn up to 12% interest in some savings accounts in 1979 - 1982! This was because the reserve did the opposite of today and was trying to halt stagflation and this caused a severe recession that quickly reverse when rates lowered. Banks needed capital and were willing to give you a great deal for your savings as the fed was not given out money unless they agreed to 16% interest before the bubble popped.Then people moved the new earned money into stocks to where they are today all overpriced and bubbled etc.
If I were president or if Ron Paul were I think another restriction is needed. I would raise the rates, halt printing, wait for depression to lower prices, and our problems would quickly go away and gas, housing, and food would return to normal. Again it is proof that debt inflates prices and distorts the free market.
Which is why the leading economists, press, and Obama are idiots!
Yes lowered home values NEED to happen for a recovery. Rent and housing is still way too high. No debt is not an asset. For those who are responsible like me this is not fair as it forces me to not have a home unless I get irresponsible with insane loans. That in return covers the problem.
Let deflation kick in and stop printing money to hide it and just watch the value of homes fall. These existing home owners can kiss my white ass. It is not my fault you bought that house in 2005 that went up magically 40% since 1999 when the economy was healthier.
Get charged $500 a minute for care if you get extremely hurt or sick with no insure.
After 3 days go then try to fend off the debt collectors harrasing your parents, neighbors, and your boss on why Nurb432 wont pay his $90,000 in cash? These slimy f*ckers will try to sue you, take you to court, and even reposses your car, and house if you do not pay. This leaves bankruptacy the only option.... oh guess what? Under the corrupt laws you have to file a chapter 13 and not a 7. This means you have to pay 100% OF IT ANYWAY. Now you have an additional $900 a month bill for 10 years. The judge denies you the right to get a car, you lose your home, and oh thats right that nice better job you wanted... well Mr. Jones just ran a credit check and WOW sorry buddy we can't hire you etc.
Your life becomes a living hell for a good 10 years and that is a very LARGE CHUNK of your working years that will ultimately cost you retirement too.... so what is this about having the hospital always treat you? I seriously hope you NEVER have to be in this situation. I thankfully have never been and hope I never do but this is very unfair. My exwife had some family members like you who were strongly republican hated Obamacare and government and nationalized health insurance from the all sooo scary government. The above situation happened and he did a completly 1080. This is one area the government desperately NEEDS TO address.
Also why did you work there when you came to the US? You said there are no jobs right? Then if you are about to starve to death then these jobs look more attractive. People need to work more of these jobs more until something else pops up.
The average market wage in China is going up to $1.35 an hour for the best talent. These workers are probably locked in and can't leave as why would they work for $.33. Not even Vietnamese immigrants would work for that according to the New York Times?
But look at it this way.
You love your parents? Do you own a 401k? Where does this money magically come from? Do you have any grandparents left? Where is their income? The answer is from these corporations. A corporations job is to raise its stock price. Not make money. Now I disagree slavery and abuse should be used to acomplish this but going to China has helped many retirees, widows, and your own retirement accountant so you do not have to be a greeter at Walmart when you are 75. These are the people who need cheap labor as they put in their 40 years and deserve a return and the CEOs need to be rewarded for looking after their interests. In a way you are helping America and its baby boomers.
Foxxconn case is extreme as I suspect lockins, abuse, and other reasons for an employer who calls them animals but you are entitled to jack shit.
The world was here first and it owes you nothing.
I have been unemployed for 10 months. I lost my car, wife, home, all my posessions except a computer and a few pieces of clothes. It has been devestating and a real eye opener and is something I would not wish upon my worst enemy. I just got hired this week! I love WORK NOW. I love working extra hours off the clock. I love going overboard and 150% just to prove I can keep my job. I love being underpaid 30% as it beats McDonalds right? I love coming home to my parents house at my late age knowing I did not need to bash myself for my lot in life anymore and soon can move back out again as I work to build myself back up.
Westerners are spoiled and need to appreciate what they have. I used to have the sick feeling in my stomach Sunday night, stare at the clock all day at work, bitch and whine how life was so unfair before. But I am no better than the person at McDonalds or Foxconn and neither are you AngryDuece. Be thankful you work because I would LOVE to take your job away and work 12 hours a day because frankly the next geek at BestBuy who makes $17,000 a year and wants a real white collar job again like he had pre-2008 will also do the same etc. I am not being a dick, but just am desperate and want a better life.
You can't tell all 20 million of us working these crappy jobs to stand up and feel entitled and make a middle class salary. Lol. This is not going to happen.
Until there are more jobs than applicants your salary is worth less and you need to be thankfull take it in and be willing to work longer hours for free or your boss can find someone else who will. I would never do the things I did this week but after being laid off fired and having to work shit jobs and last being unemployed it changed me like it did our grandparents in the great depression.
You can't change the system so adjust and get a skill or invent something no one else can do or few can and you will be rich and you can have your own people working off the clock lining your pockets and you can enjoy the same lifestyle your parents had.
1. Are they allowed to leave? 2. Are they beatened or threatened? 3. Are they locked in or in debt/servitude?
If the answer is yes to any one of these, this is no free market and is a slavery and Apple executives need to be arrested and held accountantble! Especially for an abusive employer who calls their own workers animals.
The average wage for factory work in China is $1.30/hr. Foxxconn pays $.33? Hmm something is not right. I read an article last year that these factories have to hire Vietnamese immigrants for any work near $1/hr as the workers refuse to put up with backbreaking work without more justification.
Also workers at Foxconn must remain silent at all times and are not allowed to talk in the 8-10 room dorms. Is it because of unions or because they might find out Lui got a job that paid $1.25 an hour down the street?
In a free market economy the workers have rights to tell the employer to fuck off and quit and work a better job for more money and I wonder why these workers do not do this? My guess is they can't and are beaten or locked in. $.33 an hour plus charging rent for a place where you still are working but being paid (if they have the power to tell you what to do) does not make sense in modern China. I smell a rat.
MOney is just time. If you earned your money it is already pre-paid for but it is kind of a loan to the person we give it too. They then take the time we earned after we receive the good or service.
Debt should NEVER be considered liquid cash. That is what caused the financial meltdown. Accountants are idiots who follow rules and never reconsider their actions on WHY.
It is a falsey because revolving debt inflates your book assets and keeps getting passed out and the interest is money created out of thin air. Right now we are dangerously close to not having any time/money to count for the interest. BOA claims they have $70,000,000,000,000 in real assets! What is our GDP? Oh yeah, it is $14,000,000,000,000 oops. Where is this magical money they claim? It is owed!
See the problem? The FEDS answer is to print more money to hide deflation which is badly needed as the cost of living is going up too high and not with our salaries. BOA can never get this money EVER. Debt == BAD!! There is no justification for it EVER if you are a person.
It is the reason our economy is so bad and Europe is dangerously close to going into a 1930s style depression.
In the old days before deregulation there were usuary laws. You couldn't charge more than 6.5% interest by law! Can you imagine if they had that today? The financial industry controls too much of the worlds government to ever go back but it might be needed.
If interest rates were capped at 6.5% you bet poor people would not be targetted and could get credit cards, prices would go down for used cars so they would be more affordable for smarter people who choose to save, and businesses could get lines of credit to hire again.
Small business is still not getting loans to expand or pay existing payrolls. Why? Because they can charge FreeCoder and Billy Gates or some other smuch 28% interest instead!
Sadly, the poor get targetted and never can get out. Prices then respond by going up so a car with 120,000 miles, no seat belts that work, and no shocks goes for $2500 where I live. Insane! But it all started when payday loan centers opened up. People got the $2500 with 75% interest etc. Not fair for savers like me who do not want to be robbed blank.
Sadly, the banks are looking at loan sharking as great fiancial instrustments. Is there any professionalism in them left?
Greed has gone out of control and reading about Foxconn 3 stories down, and now this I feel time warped back in the 1880s. Big greed, child labor, loan sharking, riots and unrest, and the formation of unions. What finally ended it was The Great Depression.
Maybe if the market fully froze in 2008 a reset would ahve cleaned up this mess. Anyway not to go offtopic but this is just insane and I bet it is so we can get harassed day and night even for money our uncle owes and not our own. That is not fair one bit!
I normally do not use those strong tones in my slashdot replies but what I do, and what videos I watch are no ones business! Why is this even for sale?
When employers tried to call your doctors and pyschologists to weed out applicants with potential issues like depression people were outraged and HIIPA became law. The medical industry hates it but it was a must as in an alternative universe anyone who has taken an anti depressent would be labeled a credit risk and unemployable or someone with ADD would be unemployable and another credit risk etc.
I think the same should apply. I mean what is next? Installing video cameras that view into your house all over the street? Maybe looking for who you invite over or what you do in the bedroom next?
Especially the ones that require IE 6 to remotely manage. I mean in that kind of environment complete pre SP 1 XP with no firewall unpatched that uses unsigned active X controls... or not what could possibly go wrong!
Content management software from commercial vendors lack it. I guess they assume you have your own ftp servers in your big corporate office. They forget not everyone has the luxury of 10 t1s for a good network connection and their own IT management and servers in the same building. Most small to medium businesses use an ISP.
As much as I hate Hollywood they do contribute. I am not waying I love Hollywood. But rather... I hate banks MUCH MORE.:-)
They contribute to entertainment that people are willing to spend hundreds each month for and hours every day after work and on the weekends to watch their premium HD channels on TV. So the MPAA/RIAA are filthy rich because they give what consumers want more than what we want in computers. Sorry but that is capitalism 101.
Google makes some cash but advertisers do no pay Google the same amount you typically pay for TV alone. Therefore Google is not as powerfull. Until people start using the internet more and stop staring at the non interactive-idiot boxes everyday with their premium HD channels and their rented movies then that will not change.
Point 2 It is high risk and therefore requires large revenue to produce artists, tv shows, films, etc. Sure The Hobbit looks cool and LOTR is a geek trilogy that we watch, but you do not hear about the 5 or 6 other popular films in theaters now that will lose money. People on facebook talk about Sherlock Holmes 2 so my guess is that makes money but the other lose money as you and I wont watch them.
If you really want to attack Hollywood make a cool internet app like facebook that takes time away from TV. In time as Apple and Google TV sets come out this will slowly erode Hollywoods power but old 40+ year olds who do not know much about computers still watch TV religiously and until you get every man, woman, and child to unplug hollywood will still have money.
I know the Tea Party is talking about it to come up with ultraconsevative amendments. The Coffee party died out but was thinking of something like this.
To be honest when Mitt Romney (likely next president as the unemployment and extreme disfaction with Obama and government form the populace ensures it) becomes president and nothing gets done this just might be the step the occupy, tea party, and other groups that are yet to appear will need to do.
My guess is the lobbiests will quickly go to all the states to make sure the lobbiests are the ones who write the amendment. Lets hope not as a revolution will be required next to change this
The problem is most of Hollywood gets its money from TV subscribers like you or our parents. You know the kind who doesn't understand why you need an IPAD if you just watch TV for hours very single night.
No one is going to get rid of their expensive TV subscriptions.... ok I actually do but I know I am in the small minority here. I never liked TV ever even as a child.
As long as people rent movies and watch TV, hollywood will have money. Yes they do not like the internet. Yes they are working with Apple and Microsoft to turn your computers into appliances and are winning. I love secure boot personally but prefer to be able to turn it off.
HDMI sucks terribly too. I gave up trying to get HDMI to work on my computer with an ATI card. It may work but then an updated driver will put black spaces around the edges with an underscan or some other BS. Its all based on HDCP and bad programming.I can't imagine how stupid people aka average joes would deal with this?
We can't kill it. The best we can do is make awesome websites that are worthwhile like Huli, youtube, facebook and try to win over the younger audience. As the older die out the new hip stuff will replace it. TV and hollywood will die a slow death but it will take a long time. Many such as myself are more than happy to see "The Hobbit" , even as I boycotted LOTR a decade ago because of the DMCA the studios still made money.
The candle industry is still around but nowhere near as powerfull. Same will come true with Hollywood and lets hope interactive TV boxes by Apple and Andriod later this year start the trend to more interactive TV that is internet based than idiotbox based.
No NPR confirmed it today on the radio. The show was more detailed about its demise. Yes they did focus stronger on the professional market as they feared the low end market.
Kodak then castrated itself by only focusing on the professional market and looked into film based devices as they loooved those fat margins. Problem is professional grade digital came into the scene and so did digital based film devices like xrays, mri equipment, and so on.
Nothing left. Rolls Royce may make nice cars but how many do you see on the road today? Are they even still in business?
I think of the MPAA/RIAA when I read your post. I am hoping they go the same way. I have not bought a CD in quite awhile compared to every month back in the 1990s.
IBM barely survived its cannibalism it started with the introduction of the IBM PC. Apple and Radio Shack were eating its lunch FAST if they did put something out fast.
Their other areas were medical imaging, copiers, and xray machines. All film based.
They too went digital and they had nothing left. Kodak were right when they say traditional film over a decade ago. Only people like grandmas used film based cameras a decade ago when making a new purchase.
Companies like Walmart have shown you can be the richest wealthiest company on earth with hardly any margins at all. It is all volume. Finance 101 teaches you sell high volume low margins like grocery stores and walmart or low volume high margins like cars or jewelry. Kodak could have looked at the low margin camera sales as an opportunity to sell to Chinese or Indian consumers who would never be able to afford a $200 camera previous. There are more of them than wealthy Americans and Europeans
But nooo they wanted high volume AND high prices. Sorry that doesn't work and never does outside of Wallstreet
NPR just had a story today about where Kodak and Fitijsu split paths in 1995 when both companies experimented with digital cameras.
Basically, MBA executives at Kodak loved the insane profit margins of film vs the razor thin margins of CCD/digital based cameras. So they focused just on film to because excel told them it was the way to go.... they forgot the customer is part of the equation and digital did cut into films profit margins. Just that their competitors did to them. Did they learn their lesson? No they stayed gung ho on film film film and made xray, medical film devices, analog copiers, etc.
They all went digital too and left the market to Fijitsu.
Apple Did focus on the mac which was years ahead of its time in 1984 and beyond. They kept innovating. The Powerbooks were the first real successful laptops. When Steve Jobs came back he did not let appliances and phones take over. He embraced new things like the IPad and made a better phone even if it did cut into profits of its expensive macbook lines.
Apple is not going anyway. It has vision. Kodak was the technological marvel a century ago and won by getting ahead. This is a classic business case study that should be taught in MBA business school that you need vision and not just numbers on a spreadsheet to run a company. Kodak fucked up and if the market is going somewhere else you can't force it to come back to you. You need to accept lower profit margins or outdo the competition with something more awesome and advanced to stay ahead. Apple provides while Kodak does not.
MS is more in danger in my opinion. Once critical business apps become tabletized HTML 5 apps in 10 years why would you need Windows or Win32? MS is trying hard with IE 9, Windows Phone, and Windows 8 but it is in more in trouble long term in my opinion.
The problem is site owners use them to place ads next to real links and malware laced ads come up as magnetic links as well. You can't tell what you are downloading unless you pay close attention.
There is a full review listed here which includes ZFS version 28 support that has full compression for mirroring multiple images and a whole lot of other improvements.
Apparently most economists disagree with him including the Bureau. Bernanke himself has told Obama to STOP SPENDING because the crises will shift to banks to treasury bonds next.
Slashdot Mirror
Here is what I am referring too.
Of course this site doesn't go into too much detail but 95% of our money is magically created out of debt. There are many sites describing it and Ron Paul and Peter Schifft are supports of this. Debt keeps building and building until someone is left with the bag who can't pay. Like the other poster who said the US is a FIAT system with no gold to back it up it is all based on perceived value and faith.
Yes owning a home is nice but it is risk. I view it as a necessary evil if you want to retire and not have to pay a mortgage when you are 60.
The money owed in this case the GDP of many countries for a SINGLE BANK is money owed in interest that is not there. It has to be made up for them to get paid and based on what? Not real work/time but rather the printing presses at the Reserve.
Yes your analogy is correct too with the comic book. But it was paid with actual dollars and not made up with interest that I hope to get paid back later. If this sounds confusing it really is because it does not make any logical sense at all. Debt is not sustainable as more money that needs to be created out of thin air is required as these are counted as real liquid assets by the banks. This is why the share price is much lower than the book value of BOA. It is because smart investors realize their assets are more like expenses than the real inflated value BOA claims they are worth.
The reason it is down is because you have to compete agaisnt The Government when the banks loans your savings. Also supply and demand is an issue with the printing press of money being run day and night. This is no spread. The banks prefer the less risky and larger FED money they get nearly for free and charge back to the government again with treasury bonds. There is soo much money that they know you wont go elsewhere for your investing needs either and dont care. When it gets tight things rapidly change.
During the late Carter and early Reagan years you could earn up to 12% interest in some savings accounts in 1979 - 1982! This was because the reserve did the opposite of today and was trying to halt stagflation and this caused a severe recession that quickly reverse when rates lowered. Banks needed capital and were willing to give you a great deal for your savings as the fed was not given out money unless they agreed to 16% interest before the bubble popped.Then people moved the new earned money into stocks to where they are today all overpriced and bubbled etc.
If I were president or if Ron Paul were I think another restriction is needed. I would raise the rates, halt printing, wait for depression to lower prices, and our problems would quickly go away and gas, housing, and food would return to normal. Again it is proof that debt inflates prices and distorts the free market.
Which is why the leading economists, press, and Obama are idiots!
Yes lowered home values NEED to happen for a recovery. Rent and housing is still way too high. No debt is not an asset. For those who are responsible like me this is not fair as it forces me to not have a home unless I get irresponsible with insane loans. That in return covers the problem.
Let deflation kick in and stop printing money to hide it and just watch the value of homes fall. These existing home owners can kiss my white ass. It is not my fault you bought that house in 2005 that went up magically 40% since 1999 when the economy was healthier.
Ok go in there
Get charged $500 a minute for care if you get extremely hurt or sick with no insure.
After 3 days go then try to fend off the debt collectors harrasing your parents, neighbors, and your boss on why Nurb432 wont pay his $90,000 in cash? These slimy f*ckers will try to sue you, take you to court, and even reposses your car, and house if you do not pay. This leaves bankruptacy the only option. ... oh guess what? Under the corrupt laws you have to file a chapter 13 and not a 7. This means you have to pay 100% OF IT ANYWAY. Now you have an additional $900 a month bill for 10 years. The judge denies you the right to get a car, you lose your home, and oh thats right that nice better job you wanted ... well Mr. Jones just ran a credit check and WOW sorry buddy we can't hire you etc.
Your life becomes a living hell for a good 10 years and that is a very LARGE CHUNK of your working years that will ultimately cost you retirement too. ... so what is this about having the hospital always treat you? I seriously hope you NEVER have to be in this situation. I thankfully have never been and hope I never do but this is very unfair. My exwife had some family members like you who were strongly republican hated Obamacare and government and nationalized health insurance from the all sooo scary government. The above situation happened and he did a completly 1080. This is one area the government desperately NEEDS TO address.
It is better than no job isn't it?
Also why did you work there when you came to the US? You said there are no jobs right? Then if you are about to starve to death then these jobs look more attractive. People need to work more of these jobs more until something else pops up.
This is disturbing.
The average market wage in China is going up to $1.35 an hour for the best talent. These workers are probably locked in and can't leave as why would they work for $.33. Not even Vietnamese immigrants would work for that according to the New York Times?
But look at it this way.
You love your parents? Do you own a 401k? Where does this money magically come from? Do you have any grandparents left? Where is their income? The answer is from these corporations. A corporations job is to raise its stock price. Not make money. Now I disagree slavery and abuse should be used to acomplish this but going to China has helped many retirees, widows, and your own retirement accountant so you do not have to be a greeter at Walmart when you are 75. These are the people who need cheap labor as they put in their 40 years and deserve a return and the CEOs need to be rewarded for looking after their interests. In a way you are helping America and its baby boomers.
Foxxconn case is extreme as I suspect lockins, abuse, and other reasons for an employer who calls them animals but you are entitled to jack shit.
The world was here first and it owes you nothing.
I have been unemployed for 10 months. I lost my car, wife, home, all my posessions except a computer and a few pieces of clothes. It has been devestating and a real eye opener and is something I would not wish upon my worst enemy. I just got hired this week! I love WORK NOW. I love working extra hours off the clock. I love going overboard and 150% just to prove I can keep my job. I love being underpaid 30% as it beats McDonalds right? I love coming home to my parents house at my late age knowing I did not need to bash myself for my lot in life anymore and soon can move back out again as I work to build myself back up.
Westerners are spoiled and need to appreciate what they have. I used to have the sick feeling in my stomach Sunday night, stare at the clock all day at work, bitch and whine how life was so unfair before. But I am no better than the person at McDonalds or Foxconn and neither are you AngryDuece. Be thankful you work because I would LOVE to take your job away and work 12 hours a day because frankly the next geek at BestBuy who makes $17,000 a year and wants a real white collar job again like he had pre-2008 will also do the same etc. I am not being a dick, but just am desperate and want a better life.
You can't tell all 20 million of us working these crappy jobs to stand up and feel entitled and make a middle class salary. Lol. This is not going to happen.
Until there are more jobs than applicants your salary is worth less and you need to be thankfull take it in and be willing to work longer hours for free or your boss can find someone else who will. I would never do the things I did this week but after being laid off fired and having to work shit jobs and last being unemployed it changed me like it did our grandparents in the great depression.
You can't change the system so adjust and get a skill or invent something no one else can do or few can and you will be rich and you can have your own people working off the clock lining your pockets and you can enjoy the same lifestyle your parents had.
1. Are they allowed to leave?
2. Are they beatened or threatened?
3. Are they locked in or in debt/servitude?
If the answer is yes to any one of these, this is no free market and is a slavery and Apple executives need to be arrested and held accountantble! Especially for an abusive employer who calls their own workers animals.
The average wage for factory work in China is $1.30/hr. Foxxconn pays $.33? Hmm something is not right. I read an article last year that these factories have to hire Vietnamese immigrants for any work near $1/hr as the workers refuse to put up with backbreaking work without more justification.
Also workers at Foxconn must remain silent at all times and are not allowed to talk in the 8-10 room dorms. Is it because of unions or because they might find out Lui got a job that paid $1.25 an hour down the street?
In a free market economy the workers have rights to tell the employer to fuck off and quit and work a better job for more money and I wonder why these workers do not do this? My guess is they can't and are beaten or locked in. $.33 an hour plus charging rent for a place where you still are working but being paid (if they have the power to tell you what to do) does not make sense in modern China. I smell a rat.
MOney is just time. If you earned your money it is already pre-paid for but it is kind of a loan to the person we give it too. They then take the time we earned after we receive the good or service.
Debt should NEVER be considered liquid cash. That is what caused the financial meltdown. Accountants are idiots who follow rules and never reconsider their actions on WHY.
It is a falsey because revolving debt inflates your book assets and keeps getting passed out and the interest is money created out of thin air. Right now we are dangerously close to not having any time/money to count for the interest. BOA claims they have $70,000,000,000,000 in real assets! What is our GDP? Oh yeah, it is $14,000,000,000,000 oops. Where is this magical money they claim? It is owed!
See the problem? The FEDS answer is to print more money to hide deflation which is badly needed as the cost of living is going up too high and not with our salaries. BOA can never get this money EVER.
Debt == BAD!! There is no justification for it EVER if you are a person.
Yep
It is the reason our economy is so bad and Europe is dangerously close to going into a 1930s style depression.
In the old days before deregulation there were usuary laws. You couldn't charge more than 6.5% interest by law! Can you imagine if they had that today? The financial industry controls too much of the worlds government to ever go back but it might be needed.
If interest rates were capped at 6.5% you bet poor people would not be targetted and could get credit cards, prices would go down for used cars so they would be more affordable for smarter people who choose to save, and businesses could get lines of credit to hire again.
Small business is still not getting loans to expand or pay existing payrolls. Why? Because they can charge FreeCoder and Billy Gates or some other smuch 28% interest instead!
Sadly, the poor get targetted and never can get out. Prices then respond by going up so a car with 120,000 miles, no seat belts that work, and no shocks goes for $2500 where I live. Insane! But it all started when payday loan centers opened up. People got the $2500 with 75% interest etc. Not fair for savers like me who do not want to be robbed blank.
Mod up
Sadly, the banks are looking at loan sharking as great fiancial instrustments. Is there any professionalism in them left?
Greed has gone out of control and reading about Foxconn 3 stories down, and now this I feel time warped back in the 1880s. Big greed, child labor, loan sharking, riots and unrest, and the formation of unions. What finally ended it was The Great Depression.
Maybe if the market fully froze in 2008 a reset would ahve cleaned up this mess. Anyway not to go offtopic but this is just insane and I bet it is so we can get harassed day and night even for money our uncle owes and not our own. That is not fair one bit!
FUCK OFF
I normally do not use those strong tones in my slashdot replies but what I do, and what videos I watch are no ones business! Why is this even for sale?
When employers tried to call your doctors and pyschologists to weed out applicants with potential issues like depression people were outraged and HIIPA became law. The medical industry hates it but it was a must as in an alternative universe anyone who has taken an anti depressent would be labeled a credit risk and unemployable or someone with ADD would be unemployable and another credit risk etc.
I think the same should apply. I mean what is next? Installing video cameras that view into your house all over the street? Maybe looking for who you invite over or what you do in the bedroom next?
Especially the ones that require IE 6 to remotely manage. I mean in that kind of environment complete pre SP 1 XP with no firewall unpatched that uses unsigned active X controls... or not what could possibly go wrong!
Content management software from commercial vendors lack it. I guess they assume you have your own ftp servers in your big corporate office. They forget not everyone has the luxury of 10 t1s for a good network connection and their own IT management and servers in the same building. Most small to medium businesses use an ISP.
Easy.
They will cope with it by having people go back to Blockbuster and charge extra VOD. Wahoo more money!
Less internet is good too as it is a threat to their business model.
As much as I hate Hollywood they do contribute. I am not waying I love Hollywood. But rather ... I hate banks MUCH MORE. :-)
They contribute to entertainment that people are willing to spend hundreds each month for and hours every day after work and on the weekends to watch their premium HD channels on TV. So the MPAA/RIAA are filthy rich because they give what consumers want more than what we want in computers. Sorry but that is capitalism 101.
Google makes some cash but advertisers do no pay Google the same amount you typically pay for TV alone. Therefore Google is not as powerfull. Until people start using the internet more and stop staring at the non interactive-idiot boxes everyday with their premium HD channels and their rented movies then that will not change.
Point 2
It is high risk and therefore requires large revenue to produce artists, tv shows, films, etc. Sure The Hobbit looks cool and LOTR is a geek trilogy that we watch, but you do not hear about the 5 or 6 other popular films in theaters now that will lose money. People on facebook talk about Sherlock Holmes 2 so my guess is that makes money but the other lose money as you and I wont watch them.
If you really want to attack Hollywood make a cool internet app like facebook that takes time away from TV. In time as Apple and Google TV sets come out this will slowly erode Hollywoods power but old 40+ year olds who do not know much about computers still watch TV religiously and until you get every man, woman, and child to unplug hollywood will still have money.
We should do that.
I know the Tea Party is talking about it to come up with ultraconsevative amendments. The Coffee party died out but was thinking of something like this.
To be honest when Mitt Romney (likely next president as the unemployment and extreme disfaction with Obama and government form the populace ensures it) becomes president and nothing gets done this just might be the step the occupy, tea party, and other groups that are yet to appear will need to do.
My guess is the lobbiests will quickly go to all the states to make sure the lobbiests are the ones who write the amendment. Lets hope not as a revolution will be required next to change this
The problem is most of Hollywood gets its money from TV subscribers like you or our parents. You know the kind who doesn't understand why you need an IPAD if you just watch TV for hours very single night.
No one is going to get rid of their expensive TV subscriptions. ... ok I actually do but I know I am in the small minority here. I never liked TV ever even as a child.
As long as people rent movies and watch TV, hollywood will have money. Yes they do not like the internet. Yes they are working with Apple and Microsoft to turn your computers into appliances and are winning. I love secure boot personally but prefer to be able to turn it off.
HDMI sucks terribly too. I gave up trying to get HDMI to work on my computer with an ATI card. It may work but then an updated driver will put black spaces around the edges with an underscan or some other BS. Its all based on HDCP and bad programming.I can't imagine how stupid people aka average joes would deal with this?
We can't kill it. The best we can do is make awesome websites that are worthwhile like Huli, youtube, facebook and try to win over the younger audience. As the older die out the new hip stuff will replace it. TV and hollywood will die a slow death but it will take a long time. Many such as myself are more than happy to see "The Hobbit" , even as I boycotted LOTR a decade ago because of the DMCA the studios still made money.
The candle industry is still around but nowhere near as powerfull. Same will come true with Hollywood and lets hope interactive TV boxes by Apple and Andriod later this year start the trend to more interactive TV that is internet based than idiotbox based.
No NPR confirmed it today on the radio. The show was more detailed about its demise. Yes they did focus stronger on the professional market as they feared the low end market.
Kodak then castrated itself by only focusing on the professional market and looked into film based devices as they loooved those fat margins. Problem is professional grade digital came into the scene and so did digital based film devices like xrays, mri equipment, and so on.
Nothing left. Rolls Royce may make nice cars but how many do you see on the road today? Are they even still in business?
Funny
I think of the MPAA/RIAA when I read your post. I am hoping they go the same way. I have not bought a CD in quite awhile compared to every month back in the 1990s.
IBM barely survived its cannibalism it started with the introduction of the IBM PC. Apple and Radio Shack were eating its lunch FAST if they did put something out fast.
They were greedy and wanted fat film margins,
Their other areas were medical imaging, copiers, and xray machines. All film based.
They too went digital and they had nothing left. Kodak were right when they say traditional film over a decade ago. Only people like grandmas used film based cameras a decade ago when making a new purchase.
Companies like Walmart have shown you can be the richest wealthiest company on earth with hardly any margins at all. It is all volume. Finance 101 teaches you sell high volume low margins like grocery stores and walmart or low volume high margins like cars or jewelry. Kodak could have looked at the low margin camera sales as an opportunity to sell to Chinese or Indian consumers who would never be able to afford a $200 camera previous. There are more of them than wealthy Americans and Europeans
But nooo they wanted high volume AND high prices. Sorry that doesn't work and never does outside of Wallstreet
Not even close.
Old Apple circa 1996 I would agree.
NPR just had a story today about where Kodak and Fitijsu split paths in 1995 when both companies experimented with digital cameras.
Basically, MBA executives at Kodak loved the insane profit margins of film vs the razor thin margins of CCD/digital based cameras. So they focused just on film to because excel told them it was the way to go. ... they forgot the customer is part of the equation and digital did cut into films profit margins. Just that their competitors did to them. Did they learn their lesson? No they stayed gung ho on film film film and made xray, medical film devices, analog copiers, etc.
They all went digital too and left the market to Fijitsu.
Apple
Did focus on the mac which was years ahead of its time in 1984 and beyond. They kept innovating. The Powerbooks were the first real successful laptops. When Steve Jobs came back he did not let appliances and phones take over. He embraced new things like the IPad and made a better phone even if it did cut into profits of its expensive macbook lines.
Apple is not going anyway. It has vision. Kodak was the technological marvel a century ago and won by getting ahead. This is a classic business case study that should be taught in MBA business school that you need vision and not just numbers on a spreadsheet to run a company. Kodak fucked up and if the market is going somewhere else you can't force it to come back to you. You need to accept lower profit margins or outdo the competition with something more awesome and advanced to stay ahead. Apple provides while Kodak does not.
MS is more in danger in my opinion. Once critical business apps become tabletized HTML 5 apps in 10 years why would you need Windows or Win32? MS is trying hard with IE 9, Windows Phone, and Windows 8 but it is in more in trouble long term in my opinion.
The problem is site owners use them to place ads next to real links and malware laced ads come up as magnetic links as well. You can't tell what you are downloading unless you pay close attention.
PCBSD is awesome!
There is a full review listed here which includes ZFS version 28 support that has full compression for mirroring multiple images and a whole lot of other improvements.
Apparently most economists disagree with him including the Bureau. Bernanke himself has told Obama to STOP SPENDING because the crises will shift to banks to treasury bonds next.