It's High Frequency Traders, not Hedge Funds, that do the front running. If you going to slander people make sure you slander the right people.
Well, OK then. Maybe HFTers front-run, maybe they don't. It's a near certainty that they don't all do that. It's also an absolute certainty that front-running requires cooperation from a brokerage/clearing house. It's also a certainty that at least one brokerage has been caught red-handed doing that (sorry, I do not recall details). So, the real front-running problem is dishonest brokerages not processing orders strictly in the sequence they're submitted--regardless of whether that's in collusion with a hedge fund or for their own account.
The real (alleged) problem with HFT is price manipulation via rapidly placed and cancelled orders.
Why would hedge fund managers collude? The whole point is to get in front of everyone else.
DING! DING! DING! We have a winner for today's "common sense comment" award!
But really, there's a whole lot of people who truly believe that the hedge funds are trying to screw individual investors like themselves, and are colluding to do so. Nonsense. They don't cooperate to fleece a particular set of victims, they all try to fleece whomever they possibly can, including each other.
There were other, not so "fortunate" situations where a lot of money had to be used to get it done in time.
True story, a well-known vendor of banking applications could not handle year 2000 dates in its mortgage software, and as of 1987 still had not been able to get it fixed. That's right, 17 years was not enough for that (extremely poorly run) organization.
Also, "stronger than steel" by weight is nothing new at all. Glued laminated beams ("lambeams") are stronger than steel by weight, and were first used in the late 19th century.
I'm not familiar with Mexican law either but these laws are pretty well unified by international treaties. You cannot use another company's trademark in your advertising material unless you have permission.
Bullshit, actually. You can use trademarks all day long without permission, so long as you are referring to the actual products instead of some knock-off, nor using them in any other misleading way.
Seems to imply that if the police had ordered her to stop filming or leave the area, then she could have been arrested had she continued.
No, this is a court ruling, when the court does not look at speculative circumstances of theoretical cases not brought before it. So what it actually means is that the ruling simply has nothing at all to say about a circumstance where the police give such an order, because so such circumstance was part of this case.
The guy's speculation on the tax situation doesn't seemingly know enough about finance or accounting to pass an intro accounting or finance course.
Yeah. His speculation that a voluntary sale when there's a speculative threat of a possible future attempt to force Sterling to divest the asset could be treated as being forced to divest is ridiculous. The IRS would never allow that, the tax courts would back the IRS on their completely reasonable interpretation, and there's no way in hell the Supreme Court would certify such a ridiculous case.
So 60% of phds gets a tenure position and they still complain?
No, Einstien, the article implies that 60% get a tenure-track position, which is quite different that getting a tenured position. It's the difference between being allowed to buy a lottery ticket, and winning the lottery;-)
I'm a better clarinet player than I am a software engineer. Yet, I decided to go into software engineering instead of music. Why? There is a greater need for engineers of my caliber than clarinet players of my caliber. I suppose I could be angry at the world for not paying me 6 figures to play clarinet, but it makes more sense to know my place in the world and produce something other people want and are willing to pay for.
I displayed roughly equivalent talent with writing and math/software in high school. I made the same choice, based on the same practical concern, and have never regretted it.
Section 1033 of the tax code allows you to defer taxes when your property is taken involuntarily, like eminent domain. Mr. Sterling can argue the Clippers sale was forced on him by the NBA.
But it would, with 100% certainly, be a losing argument. There is no way that beginning to prepare to take the actions necessary to force the sale would count as forcing the sale. He sold voluntarily, in a situation where he had multiple buyers competing, with multiple offers way higher than what the value of the team had been believed to be.
No one questions that someone was banned for life and was forced to forfeit his property because of something he said in a private conversation that was recorded and published without his permission.
Which is a gross distortion. Had he kept quiet and let that storm pass, he might have gotten to keep the team. (Based on what other owners have said, not just my idle speculation.) But then he had to "defend" himself by having a racist rant on national TV.
I just RTFA. Even though some of the techniques the author speculates go beyond questionable into the realm of "no fucking way could he get away with that" (claiming a forced sale, claiming a loss), NONE of them actually eliminates taxes on his gain. They change the amount; they shuffle the timing around; but again NONE of them results in a "tax-free" windfall.
Thank you. I don't know why everyone keeps repeating this thing.
Well, many of our bosses keep repeating it to us, because it is a convenient excuse for their anti-social behavior. The notion, as far as I know, was first championed by that degenerate geriatric sociopath Jack Welch back in the 1980s.
Funds are allowed to trade without paying taxes; taxes are assessed only when money comes out of the fund.
True, but totally misleading. You neglect to mention that realized capital gains and losses, interest received, and dividends received, must be distributed at least once per year.
By law, the corporation can only consider the interests of their shareholders. It is legally bound to put its bottom line before everything else, even the public good
Pure bullshit. There is no such legal requirement.
I turned on data in France long enough to check my location on google maps once. $44 for that, no "misplaced" charges from before I entered that country, just the actual roaming charge for that data.
It used to be that most airports paid for certain maintenance operations, in particular the cleaning crews, with the revenue from pay phones. That source seriously dried up about the same time that wifi demand rose, and managers saw charging for wifi as an obvious replacement for pay-phone revenue. Now, long term, as people come to regard wifi as a necessary utility like water or bathrooms, that idea is not sustainable. Also, the FCC helps the push toward free wifi by blocking airports managers' attempts to ban airlines and in-terminal concessionnaires from operating their wifi. (Boston fought the FCC over this for a long time.)
... but the only way regular web browsing is ever worth it is if you have some absurdly early flight (5AM takeoff or similar)...
I'm not an expert, I have no idea HTF they do it, but Denver manages to have decent performance even when terminal is jammed full with people sitting on the floor because there's no seats left. I'm sure it costs plenty of money to achieve that, but it certainly proves that it can be done.
Every team has someone who at the bottom of its bell curve: an individual who has a hard time keeping up with other team members.
This is simply not true. Some teams are composed of members who are very closely matched.
(Yes, for any skill, there may necessarily always be someone who's least competent, but that can be by an insignificant margin. In fact, it can be by a margin so small that nobody can figure it out.)
We're not going to do that with mere synergy based breakthroughs in the cloud!
You idiot. That doesn't even make sense. Obviously, you require synergy based breakthroughs in the cloud in order to accomplish that kind of paradigm domination!
Yesterday Sterling said he would sell the team voluntarily. Today Sterling says he opposes the sale and will sue. Tomorrow he will be happy to sell to put the scandal behind him. The next day...
Slashdot Mirror
What??? You really think 20 years or so for an armed robbery is too much??? For an intractable repeat offender???
It's High Frequency Traders, not Hedge Funds, that do the front running. If you going to slander people make sure you slander the right people.
Well, OK then. Maybe HFTers front-run, maybe they don't. It's a near certainty that they don't all do that. It's also an absolute certainty that front-running requires cooperation from a brokerage/clearing house. It's also a certainty that at least one brokerage has been caught red-handed doing that (sorry, I do not recall details). So, the real front-running problem is dishonest brokerages not processing orders strictly in the sequence they're submitted--regardless of whether that's in collusion with a hedge fund or for their own account.
The real (alleged) problem with HFT is price manipulation via rapidly placed and cancelled orders.
Why would hedge fund managers collude? The whole point is to get in front of everyone else.
DING! DING! DING! We have a winner for today's "common sense comment" award!
But really, there's a whole lot of people who truly believe that the hedge funds are trying to screw individual investors like themselves, and are colluding to do so. Nonsense. They don't cooperate to fleece a particular set of victims, they all try to fleece whomever they possibly can, including each other.
There were other, not so "fortunate" situations where a lot of money had to be used to get it done in time.
True story, a well-known vendor of banking applications could not handle year 2000 dates in its mortgage software, and as of 1987 still had not been able to get it fixed. That's right, 17 years was not enough for that (extremely poorly run) organization.
Also, "stronger than steel" by weight is nothing new at all. Glued laminated beams ("lambeams") are stronger than steel by weight, and were first used in the late 19th century.
The NSA, The CIA, the FBI and the Justice department have already been caught in BOLD FACED LIES....
I'm pretty sure their lies were published in roman weight.
I'm not familiar with Mexican law either but these laws are pretty well unified by international treaties. You cannot use another company's trademark in your advertising material unless you have permission.
Bullshit, actually. You can use trademarks all day long without permission, so long as you are referring to the actual products instead of some knock-off, nor using them in any other misleading way.
Seems to imply that if the police had ordered her to stop filming or leave the area, then she could have been arrested had she continued.
No, this is a court ruling, when the court does not look at speculative circumstances of theoretical cases not brought before it. So what it actually means is that the ruling simply has nothing at all to say about a circumstance where the police give such an order, because so such circumstance was part of this case.
The guy's speculation on the tax situation doesn't seemingly know enough about finance or accounting to pass an intro accounting or finance course.
Yeah. His speculation that a voluntary sale when there's a speculative threat of a possible future attempt to force Sterling to divest the asset could be treated as being forced to divest is ridiculous. The IRS would never allow that, the tax courts would back the IRS on their completely reasonable interpretation, and there's no way in hell the Supreme Court would certify such a ridiculous case.
So 60% of phds gets a tenure position and they still complain?
No, Einstien, the article implies that 60% get a tenure-track position, which is quite different that getting a tenured position. It's the difference between being allowed to buy a lottery ticket, and winning the lottery ;-)
I'm a better clarinet player than I am a software engineer. Yet, I decided to go into software engineering instead of music. Why? There is a greater need for engineers of my caliber than clarinet players of my caliber. I suppose I could be angry at the world for not paying me 6 figures to play clarinet, but it makes more sense to know my place in the world and produce something other people want and are willing to pay for.
I displayed roughly equivalent talent with writing and math/software in high school. I made the same choice, based on the same practical concern, and have never regretted it.
If you make >$1M in the US, you simply stop paying taxes because you can invest whatever amount necessary and deduct it to cover your liability.
That's not just bullshit, it doesn't even make any fucking sense at all.
Section 1033 of the tax code allows you to defer taxes when your property is taken involuntarily, like eminent domain. Mr. Sterling can argue the Clippers sale was forced on him by the NBA.
But it would, with 100% certainly, be a losing argument. There is no way that beginning to prepare to take the actions necessary to force the sale would count as forcing the sale. He sold voluntarily, in a situation where he had multiple buyers competing, with multiple offers way higher than what the value of the team had been believed to be.
No one questions that someone was banned for life and was forced to forfeit his property because of something he said in a private conversation that was recorded and published without his permission.
Which is a gross distortion. Had he kept quiet and let that storm pass, he might have gotten to keep the team. (Based on what other owners have said, not just my idle speculation.) But then he had to "defend" himself by having a racist rant on national TV.
I just RTFA. Even though some of the techniques the author speculates go beyond questionable into the realm of "no fucking way could he get away with that" (claiming a forced sale, claiming a loss), NONE of them actually eliminates taxes on his gain. They change the amount; they shuffle the timing around; but again NONE of them results in a "tax-free" windfall.
Thank you. I don't know why everyone keeps repeating this thing.
Well, many of our bosses keep repeating it to us, because it is a convenient excuse for their anti-social behavior. The notion, as far as I know, was first championed by that degenerate geriatric sociopath Jack Welch back in the 1980s.
Funds are allowed to trade without paying taxes; taxes are assessed only when money comes out of the fund.
True, but totally misleading. You neglect to mention that realized capital gains and losses, interest received, and dividends received, must be distributed at least once per year.
By law, the corporation can only consider the interests of their shareholders. It is legally
bound to put its bottom line before everything else, even the public good
Pure bullshit. There is no such legal requirement.
I turned on data in France long enough to check my location on google maps once. $44 for that, no "misplaced" charges from before I entered that country, just the actual roaming charge for that data.
It used to be that most airports paid for certain maintenance operations, in particular the cleaning crews, with the revenue from pay phones. That source seriously dried up about the same time that wifi demand rose, and managers saw charging for wifi as an obvious replacement for pay-phone revenue. Now, long term, as people come to regard wifi as a necessary utility like water or bathrooms, that idea is not sustainable. Also, the FCC helps the push toward free wifi by blocking airports managers' attempts to ban airlines and in-terminal concessionnaires from operating their wifi. (Boston fought the FCC over this for a long time.)
... but the only way regular web browsing is ever worth it is if you have some absurdly early flight (5AM takeoff or similar)...
I'm not an expert, I have no idea HTF they do it, but Denver manages to have decent performance even when terminal is jammed full with people sitting on the floor because there's no seats left. I'm sure it costs plenty of money to achieve that, but it certainly proves that it can be done.
The iPhone has been available in China for a couple of years. It only became available on China's largest carrier in December.
Every team has someone who at the bottom of its bell curve: an individual who has a hard time keeping up with other team members.
This is simply not true. Some teams are composed of members who are very closely matched.
(Yes, for any skill, there may necessarily always be someone who's least competent, but that can be by an insignificant margin. In fact, it can be by a margin so small that nobody can figure it out.)
We're not going to do that with mere synergy based breakthroughs in the cloud!
You idiot. That doesn't even make sense. Obviously, you require synergy based breakthroughs in the cloud in order to accomplish that kind of paradigm domination!
Yesterday Sterling said he would sell the team voluntarily. Today Sterling says he opposes the sale and will sue. Tomorrow he will be happy to sell to put the scandal behind him. The next day...
Man, Alzheimer's sucks even for racist bastards..