Regardless of whether the next bust will affect Web 2.0 (I agree with the above analysis that this will be a blip), there WILL be an economy-wide bust. We are poised for it, just as we were around 1997, and for the exact same reason: the Fed pumping the money supply like there's no fucking tomorrow.
I can't believe there are two hundred off comments and not a single one (that I saw), on the actual reason for the.com boom (and hence the bust) in the first place. P/E ratios of 50 are supposed to be a _good_ sign? As if the fact that they are not >100 _yet_ implies that we are magically in a post-business-cycle world?
The signs are all around you. Weak dollar internationally, impossibly low unemployment, government spending through the roof, rock bottom interest rates year after year while the Fed stops publishing M3, starts emphasizing "core inflation" (i.e. inflation without food and energy), starts changing the goods in the CPI commodity basket (i.e. removing the ones that are rising the fastest because they are "too volatile").
The economy is being rotted from the core by malinvestment, in every sector, caused by years of artificially loose credit. It's completely unsustainable. Clinton's Fed inflated at top rates of 15% per year. Bush's has pushed 20%, and all of the dancing with the numbers is not going to magically make all those malivestments profitable when the shit hits the fan.
Anyone else notice that the "artists conception" photo is impossible? Look at the support tower on the right. The perspective clearly shows you are looking at the interior side (i.e. the water side) of the support tower. Yet the span dwindles into the distance to the far tower. Bzzzzt. Wrong.
This does not bode well for their engineers, if they failed to notice a little thing like a crooked support tower . . .
Another classic SF Vietnam War novel.
on
The Forever War
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· Score: 1
The Forever War is an excellent novel, but back in the day the one that I compared and contrasted to Starship Troopers for my SF Lit class was Glen Cook's A Passage At Arms, which is an absolutely incredible book. I re-read it yearly, and it never fails to stoke the fires of my secret desire to write SF. If you even remotely liked Forever, then buy Passage RIGHT NOW.
I've done it. It will never work for astronomy, as there simply isn't enough light unless you're looking at the moon or sun (through a filter, of course). You could of course use it for bird/girl watching or the like in broad daylight.
Christ on a crutch, you really think you will get a tax break worth lifting your eyelids to see from a Dubya Administration? Mr. Bush plans to hand out a huge honking tax slash extravagnza to all the people who are millionaires already and don't even know now how to spend all the money they've got, and for you, guy-who-works-for-a-wage, you'll get some trifling little bonus that isn't worth half the value of this or that existing government program, which you rely upon, that he plans to dig out from underneath your feet.
You are so full of shit it's not even FUNNY. All you people who spout off about "spending the surplus on the wealthiest 1%" forget WHO'S GODDAMNED MONEY IT IS.
You talk about math that doesn't add up? Let's take an example.
Johnny gets his ass taxed loose at a rate of 40%.
Billy gets not-so-vigorously-ass-raped at a rate of 20%.
Frankie is bought dinner and a movie to give it up at a rate of 5%.
Now, cut all their tax rates by the same 5%. What happens?
Well, Johnny gets 1/8 of his own money back.
Billy get 1/4 of his own money back.
Frankie gets 100% OF HIS OWN FRIGGING MONEY BACK
And you know what else? The "rich" end up paying a HIGHER PERCENTAGE of the remaining tax burden now, since Frankie USED to pay, and now DOESN'T.
But that's just not enough for people like you. You want to put a gun to Johnny and Billy's heads, take their money, and GIVE it to Frankie.
Fuck you. And guess what? I'm not even a millionaire. I just want to be one some day.
You think you'll get "targetted tax relief" under Gore? Better run out and buy your electric car and get that photovoltaic system for your roof. Better have some kids of exactly the right age, or pound out some new ones. Better be a stay-at-home mom. Better put those kids in a Federally Funded and Approved afterschool program. After all, you've got to show the Government that you NEED your own fucking money.
Christ on a crutch. Wake the fuck up.
This is a complete crock. The wavelength of 60 cycle EMF is measured in miles. The energy absorped by the body is far less than the energy dissipated when you fart. The internal electric fields of the cell are many orders of magnitude stronger than any applied external fields. This is such UTTER BOGUS CRAP. It amazes me that some biologist would put his name on this shit and call it research. James Clerk Maxwell could have told you this was crap 100 years ago, and we still have idiots buying it . . .
The same goes for cell phones, too. At frequencies of order a gigahertz, the wavelengths are of order a centimeter, and are hence too long to ionize DNA and cause mutations. If the tiny amount of heating (fractions of a degree celcius) could cause cancer, we'd all get skin cancer from rubbing our hands together briskly in the winter . . .
Slashdot Mirror
Regardless of whether the next bust will affect Web 2.0 (I agree with the above analysis that this will be a blip), there WILL be an economy-wide bust. We are poised for it, just as we were around 1997, and for the exact same reason: the Fed pumping the money supply like there's no fucking tomorrow.
.com boom (and hence the bust) in the first place. P/E ratios of 50 are supposed to be a _good_ sign? As if the fact that they are not >100 _yet_ implies that we are magically in a post-business-cycle world?
I can't believe there are two hundred off comments and not a single one (that I saw), on the actual reason for the
The signs are all around you. Weak dollar internationally, impossibly low unemployment, government spending through the roof, rock bottom interest rates year after year while the Fed stops publishing M3, starts emphasizing "core inflation" (i.e. inflation without food and energy), starts changing the goods in the CPI commodity basket (i.e. removing the ones that are rising the fastest because they are "too volatile").
The economy is being rotted from the core by malinvestment, in every sector, caused by years of artificially loose credit. It's completely unsustainable. Clinton's Fed inflated at top rates of 15% per year. Bush's has pushed 20%, and all of the dancing with the numbers is not going to magically make all those malivestments profitable when the shit hits the fan.
www.pokerroom.com has java client interfaces that I play under linux. Real money and everything.
*Sigh* Never seen a photo from a fish eye lens?
Seen plenty. Which I why I can say that the "artist's conception" clearly does not represent a fish-eyed image.
This does not bode well for their engineers, if they failed to notice a little thing like a crooked support tower . . .
The Forever War is an excellent novel, but back in the day the one that I compared and contrasted to Starship Troopers for my SF Lit class was Glen Cook's A Passage At Arms, which is an absolutely incredible book. I re-read it yearly, and it never fails to stoke the fires of my secret desire to write SF. If you even remotely liked Forever, then buy Passage RIGHT NOW.
I've done it. It will never work for astronomy, as there simply isn't enough light unless you're looking at the moon or sun (through a filter, of course). You could of course use it for bird/girl watching or the like in broad daylight.
You are so full of shit it's not even FUNNY. All you people who spout off about "spending the surplus on the wealthiest 1%" forget WHO'S GODDAMNED MONEY IT IS. You talk about math that doesn't add up? Let's take an example. Johnny gets his ass taxed loose at a rate of 40%. Billy gets not-so-vigorously-ass-raped at a rate of 20%. Frankie is bought dinner and a movie to give it up at a rate of 5%. Now, cut all their tax rates by the same 5%. What happens?
And you know what else? The "rich" end up paying a HIGHER PERCENTAGE of the remaining tax burden now, since Frankie USED to pay, and now DOESN'T. But that's just not enough for people like you. You want to put a gun to Johnny and Billy's heads, take their money, and GIVE it to Frankie. Fuck you. And guess what? I'm not even a millionaire. I just want to be one some day. You think you'll get "targetted tax relief" under Gore? Better run out and buy your electric car and get that photovoltaic system for your roof. Better have some kids of exactly the right age, or pound out some new ones. Better be a stay-at-home mom. Better put those kids in a Federally Funded and Approved afterschool program. After all, you've got to show the Government that you NEED your own fucking money. Christ on a crutch. Wake the fuck up.
This is a complete crock. The wavelength of 60 cycle EMF is measured in miles. The energy absorped by the body is far less than the energy dissipated when you fart. The internal electric fields of the cell are many orders of magnitude stronger than any applied external fields. This is such UTTER BOGUS CRAP. It amazes me that some biologist would put his name on this shit and call it research. James Clerk Maxwell could have told you this was crap 100 years ago, and we still have idiots buying it . . . The same goes for cell phones, too. At frequencies of order a gigahertz, the wavelengths are of order a centimeter, and are hence too long to ionize DNA and cause mutations. If the tiny amount of heating (fractions of a degree celcius) could cause cancer, we'd all get skin cancer from rubbing our hands together briskly in the winter . . .