If you presume that the automated systems are sophisticated enough to manipulate the market and that they have the scale to effectively do so, it isn't huge leap to assume that they have to work against each other when they do it.
(I'm not arguing that 40 hours was a universal standard 100 years ago or anything like that, just pointing out that there was plenty of traction for the idea more than 150 years ago, at least among workers)
I'd rather have bought in 1985 than in 1998 though.
I guess the thing to do is to make sure that stocks are not your only investment for retirement (I'm just under 30, think my stock exposure is too high and regularly converse with people in their 50's who are more aggressively invested in stocks than I am). Another important thing to do is to have disability insurance (this is a great hedge against your future earned income rapidly disappearing).
I don't think the average 1950s person traveled more than the average 2000s person does.
My Grandparents didn't travel much until they had both retired, in the mid sixties (and between their parents, their depression era attitude and their working lifetimes, they were quite well off at that point; by far not among the wealthiest, but comfortably above the median).
I don't know how economists would calculate Rockefeller's wealth, but that Wikipedia article is citing this page (and two others that present similar methodology):
and deriving the $300 billion by translating the amount of the economy Rockefeller had captured in 1916 into a dollar figure based on the modern economy (using inflation, 1 billion 1915 dollars is closer to 20 or 23 billion 2008 dollars:
). Throw in the enormous growth in the economy and stronger antitrust laws (I'm pretty sure that Microsoft faced stronger enforcement than Standard Oil) and Gates isn't a ridiculous choice. Let's pretend I said richest man in recent history.
I don't follow "when traders trade in more than enough for everyone.".
And really, people worked far harder 150 years ago than they work today (farming using animal power is not easy), and I'm pretty sure the common man in the U.S. worked far harder 50 years ago than he does today (working in a factory is 'harder' work than sitting at a computer). People complain that they just can't get ahead, but people drive newer, bigger cars and live in bigger houses and eat better food and buy more crap and on and on, so just looking at the fact that families seemed to have switched from 1 income to 2 is not sufficient.
I'm pretty sure the code leak was a big deal because the fact that he wasn't caught right away left open the possibility that he had done something else that was not noticed (like introduced a logic bomb).
I would guess that they either backed out and threw away every single thing he touched, or alternatively, vetted it all.
And really, most of the wealth of the world is production that is consumed. Look at it this way, at his wealthiest, Bill Gates was worth about $100 billion (I think he hit about $80 billion nominally when Microsoft was at its peak and I am just fudging for inflation, not calculating). The U.S. economy produces about $14 trillion a year, so over a total of 25 years, the richest man ever to live managed to capture about 2.6 days of the current annual production of the United States (and he is back down to having about 25 hours).
In theory it adds liquidity to the market and reduces trading costs for other players.
Also, many of the successful trades will be based on having better information than the market price (over time, it would be very difficult to have much success by being lucky, especially with multiple automatic systems active), the execution of those trades makes the market price more accurate.
A larger blade will sweep through a larger area than multiple blades that combine to the same length, harvesting more power (a 6 meter blade sweeps through 9pi square meters, 3x 2 meter blades, in combination, sweep through 3pi square meters).
There is a huge market segment that doesn't care about much more space than 500 GB, so when the cheapest hard disk available is only $75 cheaper than a 500 GB SSD that runs circles around it, lots of people are going to go with the SSD.
So the actual crossing of the price / GB ratios isn't real important to the people marketing the SSDs.
Hell, I would jump at a 320 GB SSD for $200, which is nearly 7 times the price ratio you quote.
The nature of the GPL might make it a bit difficult to claim significant real damages from the copyright violation. The fact that any (qualified) individual can take the code and offer services around it probably limits the argument that the closed, violating code is eating into the copyright holders revenues.
I can't think of a situation where a company was accused of violating the GPL and then tried to reel the code back in, each instance I can think of was resolved by the company following the terms of the license (but most of the cases I can think of are hardware that used GPL code for this or that, rather than a significant body of closed code that incorporated some GPL code).
When I slowly die, I want it to be in the way where I slowly get healthier.
While Microsoft has about the lowest relative share of the market they have ever had (since they became dominant anyway), they also have the largest absolute market that they have ever had (especially if Windows 7 shows the launch of Vista to be a hiccup and you hand wave a little for the poor economic climate).
I would say it works pretty well. The only calls I get at this point are from scammers (lately it has been the car warranty people, but that was months ago, nothing recent).
Hopefully the guy who complained that congress passing the law would kill the industry will be proven to be prescient (I really have no idea, as from my perspective, the legitimate industry appears dead).
I guess it did take me answering about 6 or 8 calls over Christmas to get companies with established business relationships to stop calling my mom's phone. "Do you have a courtesy do not call list?" was quite effective at getting the person on the other end of the line to shut up and edit the database. It probably helps that I am a crank and have no qualms whatsoever about talking over them as they start their pitch.
I can see where Sprint has built out a certain capacity for voice service and is willing to sell data cheaply in order to increase utilization of that capacity, but it seems like you are overestimating the costs.
If we don't understand human consciousness well enough to explain why Mr. Jones is conscious and Mr. Robo-Jones, who is outwardly indistinguishable from Mr. Jones, is not conscious, then we have to assume that Mr. Robo-Jones is conscious, at least up until the point we figure out a way of explaining the difference. Asserting that he isn't until he proves he that he is conscious leaves lots of room to start treating people who can't explain their own consciousness like automobiles.
From an evolutionist point of view, we are hair-triggered murderous bastards.
Pretty much at any time in history, all it has taken to get young men to go out and kill other young men is to loudly explain to them that we are 'us', and those other young men are 'them'.
Nationalism is a pretty bizarre use of this instinct, but so are most of the rest of them.
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If you presume that the automated systems are sophisticated enough to manipulate the market and that they have the scale to effectively do so, it isn't huge leap to assume that they have to work against each other when they do it.
So it isn't real obvious that it matters much.
I was reading about that for a sibling reply of gp post. People have been agitating for shorter days for quite some time:
http://en.wikipedia.org/wiki/Eight_hour_day
(I'm not arguing that 40 hours was a universal standard 100 years ago or anything like that, just pointing out that there was plenty of traction for the idea more than 150 years ago, at least among workers)
The S&P 500 isn't wildly out of line with historical behavior:
http://www.multpl.com/
I'd rather have bought in 1985 than in 1998 though.
I guess the thing to do is to make sure that stocks are not your only investment for retirement (I'm just under 30, think my stock exposure is too high and regularly converse with people in their 50's who are more aggressively invested in stocks than I am). Another important thing to do is to have disability insurance (this is a great hedge against your future earned income rapidly disappearing).
I don't think the average 1950s person traveled more than the average 2000s person does.
My Grandparents didn't travel much until they had both retired, in the mid sixties (and between their parents, their depression era attitude and their working lifetimes, they were quite well off at that point; by far not among the wealthiest, but comfortably above the median).
I don't know how economists would calculate Rockefeller's wealth, but that Wikipedia article is citing this page (and two others that present similar methodology):
http://thelongestlistofthelongeststuffatthelongestdomainnameatlonglast.com/first5.html
and deriving the $300 billion by translating the amount of the economy Rockefeller had captured in 1916 into a dollar figure based on the modern economy (using inflation, 1 billion 1915 dollars is closer to 20 or 23 billion 2008 dollars:
http://oregonstate.edu/cla/polisci/faculty-research/sahr/sahr.htm#_Download_Conversion_Factors_1
). Throw in the enormous growth in the economy and stronger antitrust laws (I'm pretty sure that Microsoft faced stronger enforcement than Standard Oil) and Gates isn't a ridiculous choice. Let's pretend I said richest man in recent history.
Of course it is a lot, my point is that consumption is a huge amount more, not that Bill Gates only has a little bit of money.
I don't follow "when traders trade in more than enough for everyone.".
And really, people worked far harder 150 years ago than they work today (farming using animal power is not easy), and I'm pretty sure the common man in the U.S. worked far harder 50 years ago than he does today (working in a factory is 'harder' work than sitting at a computer). People complain that they just can't get ahead, but people drive newer, bigger cars and live in bigger houses and eat better food and buy more crap and on and on, so just looking at the fact that families seemed to have switched from 1 income to 2 is not sufficient.
I'm pretty sure the code leak was a big deal because the fact that he wasn't caught right away left open the possibility that he had done something else that was not noticed (like introduced a logic bomb).
I would guess that they either backed out and threw away every single thing he touched, or alternatively, vetted it all.
So who owns the corporations?
And really, most of the wealth of the world is production that is consumed. Look at it this way, at his wealthiest, Bill Gates was worth about $100 billion (I think he hit about $80 billion nominally when Microsoft was at its peak and I am just fudging for inflation, not calculating). The U.S. economy produces about $14 trillion a year, so over a total of 25 years, the richest man ever to live managed to capture about 2.6 days of the current annual production of the United States (and he is back down to having about 25 hours).
In theory it adds liquidity to the market and reduces trading costs for other players.
Also, many of the successful trades will be based on having better information than the market price (over time, it would be very difficult to have much success by being lucky, especially with multiple automatic systems active), the execution of those trades makes the market price more accurate.
Some huge majority of 12 year olds with $300 gaming systems are talking their parents into the $75 game anyway.
The ones that aren't will play them at their friend's.
It's not exactly graphically demanding.
It runs fine on XP + Core Duo 1.66 + Intel GMA 950 (fine meaning I haven't ever noticed the graphics glitching or lagging).
A larger blade will sweep through a larger area than multiple blades that combine to the same length, harvesting more power (a 6 meter blade sweeps through 9pi square meters, 3x 2 meter blades, in combination, sweep through 3pi square meters).
Did the court rule on using the scans to generate copies of the text of the documents, or are you inferring that part?
There is a huge market segment that doesn't care about much more space than 500 GB, so when the cheapest hard disk available is only $75 cheaper than a 500 GB SSD that runs circles around it, lots of people are going to go with the SSD.
So the actual crossing of the price / GB ratios isn't real important to the people marketing the SSDs.
Hell, I would jump at a 320 GB SSD for $200, which is nearly 7 times the price ratio you quote.
You mean the drives are faster and better, right?
The nature of the GPL might make it a bit difficult to claim significant real damages from the copyright violation. The fact that any (qualified) individual can take the code and offer services around it probably limits the argument that the closed, violating code is eating into the copyright holders revenues.
I can't think of a situation where a company was accused of violating the GPL and then tried to reel the code back in, each instance I can think of was resolved by the company following the terms of the license (but most of the cases I can think of are hardware that used GPL code for this or that, rather than a significant body of closed code that incorporated some GPL code).
When I slowly die, I want it to be in the way where I slowly get healthier.
While Microsoft has about the lowest relative share of the market they have ever had (since they became dominant anyway), they also have the largest absolute market that they have ever had (especially if Windows 7 shows the launch of Vista to be a hiccup and you hand wave a little for the poor economic climate).
The enumeration of the damages would be interesting.
Check out the top Google hit for "Zer01 pink sheet":
http://www.google.com/search?hl=en&q=Zer01+pink+sheet
(With any luck, this post will become the highlight text, but at the moment, the grandparent post is the highlight text)
I would say it works pretty well. The only calls I get at this point are from scammers (lately it has been the car warranty people, but that was months ago, nothing recent).
Hopefully the guy who complained that congress passing the law would kill the industry will be proven to be prescient (I really have no idea, as from my perspective, the legitimate industry appears dead).
I guess it did take me answering about 6 or 8 calls over Christmas to get companies with established business relationships to stop calling my mom's phone. "Do you have a courtesy do not call list?" was quite effective at getting the person on the other end of the line to shut up and edit the database. It probably helps that I am a crank and have no qualms whatsoever about talking over them as they start their pitch.
Where are you sourcing your information?
Presumably both Virgin Mobile and Sprint (Virgin Mobile USA is partially owned by Sprint and uses their network) make money on these plans:
http://web.virginmobileusa.com/broadbandPlans
I can see where Sprint has built out a certain capacity for voice service and is willing to sell data cheaply in order to increase utilization of that capacity, but it seems like you are overestimating the costs.
You are arguing in circles.
If we don't understand human consciousness well enough to explain why Mr. Jones is conscious and Mr. Robo-Jones, who is outwardly indistinguishable from Mr. Jones, is not conscious, then we have to assume that Mr. Robo-Jones is conscious, at least up until the point we figure out a way of explaining the difference. Asserting that he isn't until he proves he that he is conscious leaves lots of room to start treating people who can't explain their own consciousness like automobiles.
From an evolutionist point of view, we are hair-triggered murderous bastards.
Pretty much at any time in history, all it has taken to get young men to go out and kill other young men is to loudly explain to them that we are 'us', and those other young men are 'them'.
Nationalism is a pretty bizarre use of this instinct, but so are most of the rest of them.
Don't tell me.