True, but for a young driver in the UK, faced with car insurance that costs more per year than his car cost to buy, it might be an acceptable compromise.
even though the overwhelming majority of the population supported the ban.
citation, please.
I'm pretty sure the "overwhelming majority of the population" doesn't give a fuck one way or the other. The majority of eligible voters don't even bother to vote these days.
Or maybe * JP Morgan needs more space than can be picked up cheaply * They're thinking countercyclically - I'm sure it was cheaper to build this now than during the boom. * They're planning ahead - they need some of the space now, and will fill the rest over the next few years
It's all nice an well to rib big banks for being stupid, and it's true that they are often slow and inefficient. But they didn't get to where they are buy being totally stupid.
No one person is. The financial crisis was built by a huge number of people.
But he did contribute
So did everyone who leveraged up to buy a big house...
Part of the financial crisis is the lack of regulation in the industry.
I don't think there's another industry (apart from possibly medicine) that is as regulated as finance.
So lack of regulation per se clearly isn't the problem.
Bad, or badly enforced regulation? Yes, that could well be the case.
Remember the Madoff case? People reported him to the authorities years before it blew up... and nothing happened.
The London Whale incident proved we're not quite past it.
The London Whale incident proves nothing, apart from the fact that trades lose as well as make money. Yes, it was a big loss, and they should have had better internal controls, but they only lost money they could afford to lose.
Remind me to short JPMorganChase tonight. Even the tiniest bank has access to "huge data centers" today because most banks already use an outsourced financial processor...which are all hosted in centralized, redundant data centers (which generally cost less than $500M).
I wouldn't be altogether surprised if you found that JPMorganChase is the "financial processor" that lots of banks outsource their payment systems TO.
Just saying.
Seems like this guy missed the leveling effect of cloud services - one that descended on the banking industry a good 10-15 years ago.
Bankers are extremely conservative with this stuff, and (at least sometimes) for good reason.
Banks have a lot of data, and they need to do a lot of calculations on it. Simples.
And having a big data centre full of computers isn't going to help you with latency (i.e. HFT), it's for storage and throughput. E.g. to revalue your derivatives positions, run stress scenarios, risk analysis, regulatory reporting (from the general reporting you get the impression that Wall Street is completely unregulated; in fact, it's more the opposite).
How does this contribute to society other than support an electric company? Don't give me liquidity bullshit.
What's this obsession people have with shorts? "Shorts bad, mmmm-kay?"
No. Every market takes buyers and sellers, and if I think silver is going to go down, while you think silver's going to go up, why should you be allowed to bet one way, but not I the other?
Also it's hardly new - it's been going on in futures markets for centuries - , or in any way related to the cause of the crisis.
Nonsense. Radio is free. And excellent. I can't recommend Radio 4 enough for anyone with a brain - check out "The Infinite Monkey Cage", "More or Less", "In Our Time" or "The History of the world in a 100 objects". Or "Just a minute" if you're after comedy.
I didn't realise you need one if you have a computer but no telly - that's new. But bear in mind that one license covers the entire household, and BBC TV is advert free (if you exclude them plugin their own shows in between shows).
There is a difference between thought crimes and real crimes.
Thinking about underage sex doesn't get you arrested. Making active preparations - he'd arranged to meet her - does.
And the companies aren't helping by acting as judge jury and executioner.
hyperbolic and incorrect; they merely acted as informants.
Just because he talked about sex doesn't make him guilty. Unless he actually went to the school, convinced her and they had sex then should actually be prosecuted.
The most facebook should have done is alerted the parents and then have a heart to heart talk with the man.
If I ever come across a plot to kill you, Mr AC, I'll bear that in mind, and keep the information to myself until after the murder. It's what you would have wanted.
Depends on the country. In Canada we have a law that states talking to a under-age person online in such a way that gains there trust and theoretically would put you in a good position to proposition them in the future is illegal (note: even if you had proof that you never planned to meet them in person, it still counts as illegal [and at least technically they do not need proof that you ever planed on doing anything beyond being nice]).
So Canada has banned sports coaching, youth clubs and activities, not to mention teaching children under 18?
They'll either break Google (10% tax on gross income) or force Google to make massive political contributions (aka blackmail) like they did for Microsoft.
For crying out loud: Companies pay taxes on profits, not revenues. If you read the article, "the company made a loss on paper of $3.9 million in that period. Both Google’s revenues and losses were up over calendar year 2010."
If you a company makes a loss, it doesn't pay taxes. Why should it?
Now, whether the accounting practices that lead to this loss are kosher or not, I don't know.
C#, Java, C++ are real languages. You don't suddenly decide "hey, let's go 10 steps backwards and port this massive enterprise application to Python from Java or C#". You won't see much cross pollination between scripting languages and real software development languages.
Except when you write in C++ as though it is C, you get really bad C++ code.
When you write C++ as though it were C++, you get really bad, terribly inefficient code. If you need to extract maximum performance from your code, a C-with-classes approach to SIMD & multi-core optimisations tends to lead to better results imho. It's very difficult to adhere to what most people refer to 'good C++', because 'good C++' implies nicely encapsulated objects. This doesn't really work so well when you have 256bit wide SIMD registers. Suddenly you find your C++ classes are actually maintaining the state of 8+ objects, and then some of the idioms start unravelling. OOP is currently being stabbed to death by concurrency & parallelism, and there is nothing anyone can do to save it.
Surely it can be beyond your wit to write array classes to apply SIMD operations efficiently and cleanly on arrays of numbers?
Slashdot Mirror
True, but for a young driver in the UK, faced with car insurance that costs more per year than his car cost to buy, it might be an acceptable compromise.
even though the overwhelming majority of the population supported the ban.
citation, please.
I'm pretty sure the "overwhelming majority of the population" doesn't give a fuck one way or the other. The majority of eligible voters don't even bother to vote these days.
Makes no difference.
Or maybe
* JP Morgan needs more space than can be picked up cheaply
* They're thinking countercyclically - I'm sure it was cheaper to build this now than during the boom.
* They're planning ahead - they need some of the space now, and will fill the rest over the next few years
It's all nice an well to rib big banks for being stupid, and it's true that they are often slow and inefficient. But they didn't get to where they are buy being totally stupid.
No one person is. The financial crisis was built by a huge number of people.
But he did contribute
So did everyone who leveraged up to buy a big house...
Part of the financial crisis is the lack of regulation in the industry.
I don't think there's another industry (apart from possibly medicine) that is as regulated as finance.
So lack of regulation per se clearly isn't the problem.
Bad, or badly enforced regulation? Yes, that could well be the case.
Remember the Madoff case? People reported him to the authorities years before it blew up... and nothing happened.
The London Whale incident proved we're not quite past it.
The London Whale incident proves nothing, apart from the fact that trades lose as well as make money. Yes, it was a big loss, and they should have had better internal controls, but they only lost money they could afford to lose.
Remind me to short JPMorganChase tonight. Even the tiniest bank has access to "huge data centers" today because most banks already use an outsourced financial processor...which are all hosted in centralized, redundant data centers (which generally cost less than $500M).
I wouldn't be altogether surprised if you found that JPMorganChase is the "financial processor" that lots of banks outsource their payment systems TO.
Just saying.
Seems like this guy missed the leveling effect of cloud services - one that descended on the banking industry a good 10-15 years ago.
Bankers are extremely conservative with this stuff, and (at least sometimes) for good reason.
Banks have a lot of data, and they need to do a lot of calculations on it. Simples.
And having a big data centre full of computers isn't going to help you with latency (i.e. HFT), it's for storage and throughput. E.g. to revalue your derivatives positions, run stress scenarios, risk analysis, regulatory reporting (from the general reporting you get the impression that Wall Street is completely unregulated; in fact, it's more the opposite).
How does this contribute to society other than support an electric company? Don't give me liquidity bullshit.
Liquidity is only bullshit until it dries up.
What's this obsession people have with shorts? "Shorts bad, mmmm-kay?"
No. Every market takes buyers and sellers, and if I think silver is going to go down, while you think silver's going to go up, why should you be allowed to bet one way, but not I the other?
Also it's hardly new - it's been going on in futures markets for centuries - , or in any way related to the cause of the crisis.
My goodness, well informed, well reasoned posting from an AC. That I lived to see this day!
Spot on!
So, sue the developer for the cost he caused.
That should teach him a lesson. ;)
Good luck recovering $400 million from an unemployed coder
+1 for the obscure blackadder reference!
Nonsense. Radio is free. And excellent. I can't recommend Radio 4 enough for anyone with a brain - check out "The Infinite Monkey Cage", "More or Less", "In Our Time" or "The History of the world in a 100 objects". Or "Just a minute" if you're after comedy.
I didn't realise you need one if you have a computer but no telly - that's new. But bear in mind that one license covers the entire household, and BBC TV is advert free (if you exclude them plugin their own shows in between shows).
Did someone forget to tell Bernie Madoff about his immunity?
If you take public transport, you're on CCTV everywhere.
And your bike comes with an invisibility cloak?
Naturally, you can be subject to searches when leaving train stations or even in bus stations.
Naturally, you can also be subject to searches when cycling along the queen's highway.
f you drive a car, at some point you're going to get pulled over. You're going to get a ticket of some sort with high probability.
With cycling, there's no tax to pay. No fuel to pay for. There's no real way to be stopped and searched on a bicycle.
Explain that to the 1,872 people who got fined for cycling through a red light. You sure there's no way to stop a cyclist?
Often, it is faster than a car journey anyway.
Yes, particularly in central London
is probably one of the only remaining modes of transport that is truly free in both senses of the word.
cheap != free.
I never understood why people believe it's okay to kill people as long as you "respect" their dead bodies afterward.
There is a difference between thought crimes and real crimes.
Thinking about underage sex doesn't get you arrested.
Making active preparations - he'd arranged to meet her - does.
And the companies aren't helping by acting as judge jury and executioner.
hyperbolic and incorrect; they merely acted as informants.
Just because he talked about sex doesn't make him guilty. Unless he actually went to the school, convinced her and they had sex then should actually be prosecuted.
The most facebook should have done is alerted the parents and then have a heart to heart talk with the man.
If I ever come across a plot to kill you, Mr AC, I'll bear that in mind, and keep the information to myself until after the murder. It's what you would have wanted.
Depends on the country. In Canada we have a law that states talking to a under-age person online in such a way that gains there trust and theoretically would put you in a good position to proposition them in the future is illegal (note: even if you had proof that you never planned to meet them in person, it still counts as illegal [and at least technically they do not need proof that you ever planed on doing anything beyond being nice]).
So Canada has banned sports coaching, youth clubs and activities, not to mention teaching children under 18?
And you can't talk to your friends' kids, either.
Wow.
Oh, yeah, and it's *their* trust in this context.
> Only so long as the country the alleged crime was committed in is the USA.
There. Fixed that for you.
In the UK they can put you on pretty much indefinite house arrest ....
If you weigh 80kg, burning off 400k takes (very) roughly a 5-6K run.
That's tough if you haven't exercised before, but it won't take long to get into, and then it's easy.
I HACKED SHIT TOGETHER and got PAID!
That's the definition of "professional", isn't it?
..but maybe slashdot isn't what it used to be...
It ain't. Now get off my lawn.
They broke Amazon.
They'll either break Google (10% tax on gross income) or force Google to make massive political contributions (aka blackmail) like they did for Microsoft.
For crying out loud: Companies pay taxes on profits, not revenues. If you read the article, "the company made a loss on paper of $3.9 million in that period. Both Google’s revenues and losses were up over calendar year 2010."
If you a company makes a loss, it doesn't pay taxes. Why should it?
Now, whether the accounting practices that lead to this loss are kosher or not, I don't know.
I've been to plenty of other countries, and the US border / security process was the worst one I ever encountered, bar East Germany.
C#, Java, C++ are real languages. You don't suddenly decide "hey, let's go 10 steps backwards and port this massive enterprise application to Python from Java or C#". You won't see much cross pollination between scripting languages and real software development languages.
Python is very much a real language.
Except when you write in C++ as though it is C, you get really bad C++ code.
When you write C++ as though it were C++, you get really bad, terribly inefficient code. If you need to extract maximum performance from your code, a C-with-classes approach to SIMD & multi-core optimisations tends to lead to better results imho. It's very difficult to adhere to what most people refer to 'good C++', because 'good C++' implies nicely encapsulated objects. This doesn't really work so well when you have 256bit wide SIMD registers. Suddenly you find your C++ classes are actually maintaining the state of 8+ objects, and then some of the idioms start unravelling. OOP is currently being stabbed to death by concurrency & parallelism, and there is nothing anyone can do to save it.
Surely it can be beyond your wit to write array classes to apply SIMD operations efficiently and cleanly on arrays of numbers?