When I was working for bombay stock exchange, they had a system called "badla". (paying (money) or buying (stock) later ).
The bombay stock exchange had a settelment period of 5 days from Mon-Fri. i.e. what you owned or gained in terms of money or stocks was determined on Friday even and you had to settle by saturday morning.
Now if you had bought stocks in the week and didn't have the money to cover it by saturday, You would use the "badla" trading system which ran on saturdays. Similarly if you had short -selled in the week and had no stock to deliver by saturday, you could use the badla system.
Using the badla system was a way to avoid selling your bought stock if you didn't have the money or avoid buying the short-selled stock , if you didn't have the stock to deliver by saturday.
The badla system was a process where a person who had say bought stocks could find a money lender to lend him money to cover his purchases. Of course he would have to pay interest to the lender and a commission to the estock exchange.
Similarly if you had short selled, the exchange would find some one who was willing to lend you the stocks.In this case you would still pay interest to the stock lender based on the price of the stock and a commission to stock exchange.
And like normal stock exchange dealings, there was trading involved. i.e. the lenders would compete against each other for a competetive rate at which to lend money or stock.
This was an immensely beneficial system to the stock exchange as they would get commission from every one. The long-buyer, the short-seller and the money/stock lender. But was a major source of rampant corruption. Often the badla rates were indicative of how the stock would perform over the comming weeks, and clever brokers had found lot of loopholes in the system.
Before the badla system was closed down in mid 2000-2001, the average trade on Bombay stock exchange on a normal week day was somewhere in ther region of 3,000 - 5,0000 Crore Indian Ruppes i.e. 60-100 Million USD. After the system was closed the daily trading dropped by as much as 10 times i.e 6-10 Million USD in the initial days.
Now I believe the bombay stock exchange has a rolling settelment something like the nasdaq or nyse.
This is the state which was electrocuting mentally handicapped inmates till about last year or so..
And if i remember my george carlin correctly, this is the same state that has the 10 commandments hanging in the state court....
I believe that independent code reviews strengthen privately owned code
In theory yes, in practice NO. I remember about 5 years ago, I was working for a company which was developing lot of C code on Tandem Mainframes for a stock exchange.
Anyway the stock exchange asked an independent auditing company (the same one connected to enron ) to audit our code for Y2K and also security.
To cut the long story short, the auditors were very smart in figuring out that the stock exchange's IT dept. was a joke and they had some insider contacts with another company doing Tandem mainfram developments.
So instead of a fair audit, we almost lost our contract due to the manipulative tactics of the auditors and stupidity of the stock exchange IT dept, to the competing company which had some insider contacts with the auditing company.
I am all for Open Source and Linux, infact i use them myself.
But if you think i am going to speand my hard earned money financing some fund for a legal battle, then you've got another thing comming.
I support linux by donating money to EEF, buying linux distros etc, but helping one corporate entity fight it out with another one, give me a break.
Red Hat even though I stopped using you since 8.0, You have my very best wishes and symphaties, but that's all.
This is good news for most professional photographers, Use amatures would rather have a cheaper portable 20GB+ backup OPtion.
Plus what is a typical life of a CF card ? I sure hope its more than 5 years If I am putting 1000$+ in it.
Plus the very though of loosing those 600 RAW images , if i loose the CF card is disturbing.
I would rather have a portable labtop with 20GB+ memory and a 1GB flash card.
# If you do actually go to the trouble of figuring out how to download
# the files without registering, what you'll end up with is 1 or 2MB of
# stuff that is meaningless to you unless you have purchased an
# Ultra AX board from Sun. So, please do purchase an Ultra AX board,
# but then you might as well use the URL you'll be given along with it.
From my experience of learning of SQL, I have come to the conclusion that you really don't master SQL unless you face a unique problem.
After you have learnt the logical basics, like joins, predicates, etc and the physical basics like partitions, etc etc. You are preety much set for basic SQL stuff.
At this point even if you read about advanced sorting, joining, complex inner queries , outer joins etc, you tend to forget them if they are not a solution to your immediate problems.
Once to get donw to the real Coding, and face challanging tasks which require complex queires, only then can you learn and remember the complex SQL stuff.
Well may be not, but it's definitely the lesser of all the evils.
To be a bit fair to the article, I kind of agree to the shopping part.
The other day , I was googling for a perticular recipe and all I got was a list of restaurants,No matter how i rephrased my search, All the first 50-60 results were links to restaurants, which serve that dish, but nothing of the recipe.
Belive me if it were any other search engine , I wouldn't have even bothered , as don't expect any thing but ads from non-google search engines
Similarly I was googling for some extra information about the song stargazer from rainbow, and all i got was lyrics pages or links to CD sell.
O.T.:- IF any one can provide me with a link to more information on stargazer i would be much obliged
Well I bought mine to make backups of photos i shoot. I am not a pro , but i shoot in raw/tiff mode, and each file is about 3-10 MB. Just one trip can fill 1/2GB worth of pics.
For me backing it upon the CD is the cheapest option. I have burnt about 300 CDs till date, and not one of them with anything but my photos.
Yet I am aware that a certain percentage of CDRs sell goes to the music industry .
to what length Microsoft went to avoid loosing contract to linux
I am all for linux, but now are we going to bash Microsoft for trying to do business. People this is business, its a cut-throat world not a woodstock concert.
Of course M$ will do everything in its power to bury linux, what's the news here ?
either companies in other countries with cheaper labor markets rise to fill the product gap left by their less efficient (in terms of money) and more bloated American counterparts...
Said like a true redneck....If it aint American its CRAP, aint it ?
More that outsourcing , this kind of stupid and ignorant attitude is what is harming the american IT labour. Open your eyes and realise that the companies outside US, to which your jobs are being exported are not evil by nature, neither are their products bloated nor their labour inferior to US labour in any Way.
The simple thing is , the rules of the game have changed, Its not a question whether Globalization is good or bad, the issue is, globalization is here to stay and americans have to deal with it.
And going crying to the US government is a foolish thing to do. What next "liberate" india and china ?.
Instead american labours must come up with more productivity and at competetive costs if not any cheaper. Currently outsourcing is HOT because the difference is labour is ridiculously high. And unless that gap is lessened , threre is no stopping outsourcing.
This problems requires a level headed thinking not a chauvinistic one.
be really cool, is if some one hacks
Nomad Zen/ iPod so that they can use 3rd party
rechargable batteries once the inbuild ones expire.
As I understand the current models can't be replaced once the battery expires in 2-3 years.
And when I spend > 400$ for anything I expect them
to last for quite some time.
Slashdot Mirror
Ever wondered what is the price diff. between a 30 Feet Cat5 and a 30 Feet Firewire/USB 2.0 Cable ?
Yes i did mean the fan.
As the average time we spend on these machines increases so does the damage to our fingers and wrists.
Also a zero decible CPU and a monitor least stressful on eyes would be nice.
When I was working for bombay stock exchange, they had a system called "badla". (paying (money) or buying (stock) later ). The bombay stock exchange had a settelment period of 5 days from Mon-Fri. i.e. what you owned or gained in terms of money or stocks was determined on Friday even and you had to settle by saturday morning.
Now if you had bought stocks in the week and didn't have the money to cover it by saturday, You would use the "badla" trading system which ran on saturdays. Similarly if you had short -selled in the week and had no stock to deliver by saturday, you could use the badla system.
Using the badla system was a way to avoid selling your bought stock if you didn't have the money or avoid buying the short-selled stock , if you didn't have the stock to deliver by saturday.
The badla system was a process where a person who had say bought stocks could find a money lender to lend him money to cover his purchases. Of course he would have to pay interest to the lender and a commission to the estock exchange. Similarly if you had short selled, the exchange would find some one who was willing to lend you the stocks.In this case you would still pay interest to the stock lender based on the price of the stock and a commission to stock exchange.
And like normal stock exchange dealings, there was trading involved. i.e. the lenders would compete against each other for a competetive rate at which to lend money or stock.
This was an immensely beneficial system to the stock exchange as they would get commission from every one. The long-buyer, the short-seller and the money /stock lender. But was a major source of rampant corruption. Often the badla rates were indicative of how the stock would perform over the comming weeks, and clever brokers had found lot of loopholes in the system.
Before the badla system was closed down in mid 2000-2001, the average trade on Bombay stock exchange on a normal week day was somewhere in ther region of 3,000 - 5,0000 Crore Indian Ruppes i.e. 60-100 Million USD. After the system was closed the daily trading dropped by as much as 10 times i.e 6-10 Million USD in the initial days.
Now I believe the bombay stock exchange has a rolling settelment something like the nasdaq or nyse.
This is the state which was electrocuting mentally handicapped inmates till about last year or so..
And if i remember my george carlin correctly, this is the same state that has the 10 commandments hanging in the state court....
In theory yes, in practice NO. I remember about 5 years ago, I was working for a company which was developing lot of C code on Tandem Mainframes for a stock exchange .
Anyway the stock exchange asked an independent auditing company (the same one connected to enron ) to audit our code for Y2K and also security.
To cut the long story short, the auditors were very smart in figuring out that the stock exchange's IT dept. was a joke and they had some insider contacts with another company doing Tandem mainfram developments.
So instead of a fair audit, we almost lost our contract due to the manipulative tactics of the auditors and stupidity of the stock exchange IT dept, to the competing company which had some insider contacts with the auditing company.
But if you think i am going to speand my hard earned money financing some fund for a legal battle, then you've got another thing comming.
I support linux by donating money to EEF, buying linux distros etc, but helping one corporate entity fight it out with another one, give me a break.
Red Hat even though I stopped using you since 8.0, You have my very best wishes and symphaties, but that's all.
Plus what is a typical life of a CF card ? I sure hope its more than 5 years If I am putting 1000$+ in it.
Plus the very though of loosing those 600 RAW images , if i loose the CF card is disturbing.
I would rather have a portable labtop with 20GB+ memory and a 1GB flash card.
Part i like best
# If you do actually go to the trouble of figuring out how to download # the files without registering, what you'll end up with is 1 or 2MB of # stuff that is meaningless to you unless you have purchased an # Ultra AX board from Sun. So, please do purchase an Ultra AX board, # but then you might as well use the URL you'll be given along with it.
After you have learnt the logical basics, like joins, predicates, etc and the physical basics like partitions, etc etc. You are preety much set for basic SQL stuff.
At this point even if you read about advanced sorting, joining, complex inner queries , outer joins etc, you tend to forget them if they are not a solution to your immediate problems.
Once to get donw to the real Coding, and face challanging tasks which require complex queires, only then can you learn and remember the complex SQL stuff.
Whats with the purple theme on this thread? /., never mind
Give me content not gimmicks.
Ooops this is
Germans love david Hasselhoff
Then how do you explain vibrators ?
The question is will the robots be imported from India ?
To be a bit fair to the article, I kind of agree to the shopping part.
The other day , I was googling for a perticular recipe and all I got was a list of restaurants,No matter how i rephrased my search, All the first 50-60 results were links to restaurants, which serve that dish, but nothing of the recipe.
Belive me if it were any other search engine , I wouldn't have even bothered , as don't expect any thing but ads from non-google search engines
Similarly I was googling for some extra information about the song stargazer from rainbow, and all i got was lyrics pages or links to CD sell.
O.T. :- IF any one can provide me with a link to more information on stargazer i would be much obliged
Does the name Enron ring a bell ?
People are getting dumber and dumberer. We are loosing over sense of humour.
Well I bought mine to make backups of photos i shoot.
I am not a pro , but i shoot in raw/tiff mode, and each file is about 3-10 MB. Just one trip can fill 1/2GB worth of pics.
For me backing it upon the CD is the cheapest option. I have burnt about 300 CDs till date, and not one of them with anything but my photos.
Yet I am aware that a certain percentage of CDRs sell goes to the music industry .
I am all for linux, but now are we going to bash Microsoft for trying to do business. People this is business, its a cut-throat world not a woodstock concert.
Of course M$ will do everything in its power to bury linux, what's the news here ?
Well, I am not my usual self when i miss my coffee break. :-).
So i am going to shut up now.
Said like a true redneck....If it aint American its CRAP, aint it ?
More that outsourcing , this kind of stupid and ignorant attitude is what is harming the american IT labour. Open your eyes and realise that the companies outside US, to which your jobs are being exported are not evil by nature, neither are their products bloated nor their labour inferior to US labour in any Way.
The simple thing is , the rules of the game have changed, Its not a question whether Globalization is good or bad, the issue is, globalization is here to stay and americans have to deal with it.
And going crying to the US government is a foolish thing to do. What next "liberate" india and china ?.
Instead american labours must come up with more productivity and at competetive costs if not any cheaper. Currently outsourcing is HOT because the difference is labour is ridiculously high. And unless that gap is lessened , threre is no stopping outsourcing.
This problems requires a level headed thinking not a chauvinistic one.
Or more like broken server ? /. and the server is dead.
Not even 25 post on
Don't YOU have anything better to do ?
(Ment in a rhetorical way )
be really cool, is if some one hacks Nomad Zen/ iPod so that they can use 3rd party rechargable batteries once the inbuild ones expire.
As I understand the current models can't be replaced once the battery expires in 2-3 years.
And when I spend > 400$ for anything I expect them to last for quite some time.
DUH!