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  1. Re:Yes, because debt IS money on When Having the US Debt Paid Off Was a Problem · · Score: 3, Informative

    Fractional Reserve banking is a sword that cuts both ways.

    Watch this movie for a clear explanation.

  2. Re:Money as Debt on When Having the US Debt Paid Off Was a Problem · · Score: 1

    Seconded. This is a great video with wonderful educational value. As far as I can tell, it is fairly non-partisan and sticks mainly to the facts of finance and money.

    Videos like The Money Masters 1 & 2 and Inside Job are also excellent, and have a great deal of good information. However, they approach the issues with a bit more of an agenda. Still, they are very worthwhile.

  3. Re:Short sighted on When Having the US Debt Paid Off Was a Problem · · Score: 1

    Yes they were. Among other things, they lowered federal income taxes across the board.

    However, because of the nature of percentages, they had a disproportionate positive affect on higher income earners. Still, lower income earners did see a decrease in their federal income tax.

  4. Re:Short sighted on When Having the US Debt Paid Off Was a Problem · · Score: 2

    Bonds are debt. They are where you loan the government your money and they promise to pay you back at a later date, plus interest. Debt.

    Saying you can pay off all the debt and still issue bonds indicates a fundamental misunderstanding of finance.

    You don't think all those millionaires and billionaires pay cash for everything, do you?

    They, too, have debt. However, their debt-to-income ratio is much smaller. That is, they take in more than they loan out. The U.S. government doesn't. They take in roughly $2T and spend roughly $3T per year.

    The U.S. doesn't need to pay off all debt. The article is correct. We do, however, need to get our debt-to-income ratio in significantly better shape.

  5. Duh! on Blue Coat Concedes Its Devices Operating in Syria · · Score: 4, Insightful

    Who here is surprised by this?

    I'm sure a nice premium was paid to the Dubai distributor, who also most likely set up proxies for Syria so the update requests to BlueCoat look like they originate in the UAE.

    I'd be stunned to learn there wasn't more than a few dedicated suppliers in the Middle East who do nothing BUT funnel high-tech equipment into Syria and Iran, along with anyone else who pays in cash. They probably have plenty of competition from Russian distributors.

  6. Commercial Version on Stanford's Open Source Human Motion Software · · Score: 1

    Soon to be followed by a version that recommended custom padded insoles for your shoes.

    Oh, wait...

  7. Like Legos... on Asteroid Lutetia Revealed As a Protoplanet · · Score: 1

    You go stumbling around in the dark and end up stepping on a few. The damned things get everywhere.

  8. Re:Why it doesn't matter on Redbox Raises Its Prices To $1.20 Per Day · · Score: 1

    Considering RedBox has an estimated 35% of the DVD Rental market, which just passed NetFlix at 33% -- you're one of the few. RedBox's share has been increasing, while NetFlix's has been decreasing.

  9. The Running Man on Hackers Briefly Controlled US Government Satellites · · Score: 1

    Maybe they were just big fans of Dweezil Zappa in that 1980's classic The Running Man?

  10. Re:Nimbus on Hackers Briefly Controlled US Government Satellites · · Score: 5, Interesting

    Really? My grandfather essentially told me the same story. He was a radioman specializing in radar in the early 1940s. He, too, had armed escorts to dentist appointments. Nor was he allowed to leave the base during the training period. No visitors, either.

    Damn near everything he was doing was classified out the wazoo. Times were different then.

  11. Re:Legally... on Steve Jobs' Missing License Plate · · Score: 5, Insightful

    You are making the assumption his ego wasn't this big before he made his money. From all indications, it was. His fortune didn't change him. It just let him act on some of his impulses.

  12. The real story on In Bolivia, a Supervolcano Is Rising · · Score: 1

    What people aren't understanding is Bolivia is the Saudi Arabia of Lithium. Lithium is that lovely metal that is used in all the battery tech, and one of the keys to a clean, electric future. It is also run by a hippie leftist, allied with Hugo "the tumor of South America" Chavez.

    The "discovery" of this super volcano just provides an excuse for the U.S. military to send energy "advisers" down to "liberate" the Lithium before it is all destroyed in a "natural disaster".

    Viva La Revolution!

  13. Re:Even worse in TFA. on Americas New CIO Wants To Disrupt Government and Make It a Startup · · Score: 2

    So...Rep. Anthony Weiner was just a beta tester? Talk about being harsh on noobs!

  14. Re:There is Always More Work to Do on The Real Job Threat · · Score: 2, Insightful

    The issue is machine are moving up the spectrum from unskilled labor to skilled labor. Yes, picking rock and baling hay are chump jobs but think of where things are going.

    For example, look at the advances Google has capitalized on for autonomous driving. I can easily envision the jobs of taxi driver, chauffeur, airline pilot and bus driver going away in a reasonable amounts of time. And just look at the skill gamut there. Commercial airline pilot is a bit more up the ladder than taxi driver. But with GPS and other advances, combined with the realization that the bulk of reported incidents are the result of human error, I can see even that job disappearing in a couple decades.

    I can also envision advanced expert systems, combined with ultra cheap sensors and improved computer vision replacing most -- if not ALL -- medical professionals.

    Ditto lawyers, accountants and auto mechanics.

    The only reason it will go as slow as it does is the comfort level of older people. They'll have to die off, but as their kids grow up with RoboDoc, things will rapidly change.

  15. Re:Subsidies inflate pricing. on Ron Paul Wants To End the Federal Student Loan Program · · Score: 1

    I think he is a seasoned politician with decades of experience under his belt. While they most certainly would opposed most of his grander policies, he might have more success than you think. The foreign policy angle would be a fairly large bargaining chip.

    If nothing else, it certainly would be fun to watch. And I say that as a resident of the DC area and a Federal employee who would have a fairly ringside seat. :-)

  16. Re:Subsidies inflate pricing. on Ron Paul Wants To End the Federal Student Loan Program · · Score: 1

    The President has a great deal of power by not including funding for those agencies -- or specific programs -- in the Presidential Budget Request sent to Congress. Also by vetoing the annual budget.

    Unless Congress were unified against him (and that is a possibility), he could accomplish a great deal if he focused on it.

  17. Re:And it is getting worse on IT Shops Coping With Overloaded 2.4GHz WiFi Band · · Score: 1

    Out and about? I agree. At the office or home, however, I prefer the 5 GHz band so as to not contend with all the clueless noobs and their cable box/wifi hotspot crushing the 2.4 GHz spectrum.

  18. Re:And it is getting worse on IT Shops Coping With Overloaded 2.4GHz WiFi Band · · Score: 1

    Congestion at the 5 GHz band will be harder to accomplish. The 2.4 GHz band has only 3 non-overlapping channels for use in the United States. The 5 GHz band has 21 non-overlapping, 20 MHz-wide channels.

    The 2.4 GHz band also has to deal with Bluetooth and Zigbee traffic, in addition to additional background noise created by microwave ovens and fluorescent lights.

    Finally, signal transmit distance in the 5 GHz band is shorter than 2.4 GHz. This means in low-to-moderate density areas there won't be as much overlap from neighboring stations. For example, my computer can detect my neighbor's 2.4 GHz Wifi base-station from inside my house. I had to adjust the channel of my unit to not contest. However, I can't detect his 5 GHz signal unless I leave my house and cross half the yard. Thus, it doesn't interfere with 99% of my usage.

  19. Re:Subsidies inflate pricing. on Ron Paul Wants To End the Federal Student Loan Program · · Score: 1

    Sorry, let me elaborate.

    The AMA restricts the supply. Combined with the high demand results in a high price.

    Most degrees don't now, nor will they restrict the supply of accredited institutions. The ABA has shown no inclination, and few other fields have accrediting bodies that have the power. Things like Business, Math or Engineering schools don't have a central authority that will restrict supply.

    A high supply with a high demand results in a low to moderate price.

    Institutions that grant STEM degrees or Liberal Arts degrees aren't going to magically disappear.

  20. Re:And it is getting worse on IT Shops Coping With Overloaded 2.4GHz WiFi Band · · Score: 1

    Motorola Xoom is the only one, I believe.

  21. And it is getting worse on IT Shops Coping With Overloaded 2.4GHz WiFi Band · · Score: 3, Insightful

    Look at the number of smartphones, e-readers, laptops and Android tablets out there that don't support 5 GHz. With the premium price of some of these gadgets I'm surprised vendors are trying to shave expenses by getting 2.4 GHz-only 802.11n chipsets.

    If you get an opportunity, let the vendor or salesman know you one of the features you look for is 5 GHz capability. Make a point of it.

  22. Re:Subsidies inflate pricing. on Ron Paul Wants To End the Federal Student Loan Program · · Score: 1

    Ah, sorry. Back to the beginning.

    I disagree with your premise. The AMA accredits Medical schools and has a level of control over them that doesn't appear in most other fields. Though, I do believe their might be a similar process with Veterinary Colleges and possibly Dental schools.

    For example, law schools. The ABA isn't interested in holding down enrollment and thus our bountiful supply of lawyers. (Take that as you will. :-)

    Removing the federal student loans will have the *short term* effect of reducing enrollment in 4-year universities. It will most likely also result in an *immediate* increased enrollment in 2-year Community Colleges, and a *long term* reduction in the tuition prices of 4-year universities.

    An example of the inflationary support of federal subsidies can easily be seen in the business-class hotel room pricing in the greater Washington, DC area. Pricing for rooms, I have found, fits a tight standard distribution bell curve. The normal is defined very simply -- what the gov't pays for per diem rates. This is untrue in other major cities around the U.S. where prices can vary widely depending on the presence of conferences, time of year, etc.

    The gov't subsidized rate acts as an artificial price peg. Remove the peg and rates will adjust accordingly.

  23. Re:Subsidies inflate pricing. on Ron Paul Wants To End the Federal Student Loan Program · · Score: 3, Insightful

    Sigh...no. The idea is *if* government regulation is necessary, then the lower level it occurs at the better. The issue is the interpretation of the phrase "if government regulation is necessary". He leans a lot more towards "no, it most likely isn't" than most people.

    It really helps to put your partisan preconceptions aside and listen to what *he* says. This actually works for *ALL* politicians, believe it or not.

    Stop listening to what other people -- supporters or detractors -- say and go right to the source. Follow that up with an analysis of what he has actually *DONE* over the years. You can see for yourself whether he does what he says and whether or not his actions are consistent with his words.

  24. Re:Subsidies inflate pricing. on Ron Paul Wants To End the Federal Student Loan Program · · Score: 2

    You misunderstand Ron Paul. He is a strict constructionalist. If regulation and government is necessary, it should happen at the State and local level. It is the large *Federal* government, who has overstepped their Constitutional bounds that he objects to.

  25. Re:Subsidies inflate pricing. on Ron Paul Wants To End the Federal Student Loan Program · · Score: 1

    Considering suppressing enrollment kept the salaries of medical doctors elevated, it worked out pretty damn well for the AMA. Not so well for the rest of us, but that isn't what you said.