1. End all security updates for XP. 2. Wait for the first botnet to come up with a XP hack. 3. Say "Sorry, you need to upgrade. Now!" to the crying victims.
Best Buy is mostly exiting the computer-geeks business to have more room for more profitable whole systems, laptops, and video games. Another electronics store near me has a table of 12 netbooks, all based on the same Atom processor... style choice, but no substance difference.
Imagine if investors had 10 minutes to notice the 1000 point drop, instead of 30 seconds? Hundreds of thousands of people would have lost everything, because they think "Oh my god I need to dump this NOW!" when in reality they were at no real risk of losing anything.
Investors are not that stupid. If they see on CNBC the headline "PG has sellers but zero buy interest" and CNBC confirms with the company that there is no underlying problem, the problem will right itself as buyers will come out of the woodwork. Jim Cramer during this incident was about to present reasons why to sell PG, but when it went down that far he flipped his recommendation. If a stock is down for no reason, that's news and the market will find buyers.
I think the best solution to that is a "make up your mind" rule that gives you an N second lock from buying the same issue after a sell order, and an N second lock from selling the same issue after a buy order. In other words... if your opinion on the item has changed in N seconds, you clearly haven't seen that "I want to sell it... what I just bought!" commercial enough.
Registering your US company on a foreign exchange is a good way to get laughed at and ignored by most American retail investors. I don't know about you, but my broker only lets me buy SEC regulated issues.
There's limits on the market for how much it can go down (even up) in a day without cutting off certain types of automated orders so crashes don't all happen in one day like they did in 1984. This gives the busy-during-the-day person a chance to see the numbers that night, and place their orders for tomorrow knowing things are happening. Again, another safety feature that protects average investor at the expense of the "free market".
Your broker is required to do their best to get your market orders to the marketplace by a little thing called competition. If you're getting "poor execution" by your standards, move your account to a better, faster broker. There's plenty of ads on CNBC advertising what brokerage is good for what kind of investor.
Wild swings have a right to exists, when the grounding is present. For example, the world finds out that Worldcom or Enron reported bogus earnings, those stocks deserve their trip to a penny as they're almost certain to go bankrupt and have nothing of value left.
These circuit breakers just lengthen the time it's headed down so more people have a chance to hear the news and react to it. In fact, the market may just stop trading so that people who didn't hear the news don't catch the falling knife with trades based on yesterday's facts when new facts came out today. This is the antithesis of these millisecond traders, and keeps the market safe for the everyman.
The guy who needs protection is the poor sap who wanted to cash out his account at that point in time, who submitted a market order expecting to get $60,000 and having it execute and come back with $2700 for him. Should have used a limit order... but still, this just isn't "fair" and not likely to encourage people to invest in the market. So, that trade gets busted, he gets his stock back and gets to try again. Still, the market doesn't like busted trades either, so we need new rules designed to decrease the likelihood this will happen again.
Are you a bot that posts that whenever there's new rules?
This doesn't allow things to instantly go to unthinkable lows, but set a timeline by which something can go to down with everybody getting their turn to ring in should they think it's worth more than that new low. See Jim Cramer's reaction on air live on CNBC as this happened. He was going to say PG was overpriced, but then the sudden drop had him calling out a pretend "buy order"... it then moved 10 points suddenly and we were back to where we were. If he had made a real trade, it would have been in the range to be broken later in the day.
This kind of sudden change of wealth for no reason shouldn't happen, so we have rules to prevent them. When something gets around the rules, we need new rules.
It's allowed because the current theory is that anybody who wants to do it, can. I think the best argument against that is it takes real estate close to the market computers in order to have a fast enough ping time to trade by the millisecond.
My fix for that situation would be to dumb down the market clocks to only timestamp to the second, and anything received in the same second gets the same priority, with randomness as the tiebreaker when needed. That should suck the life out of these vultures.
Wrong joke for the situation. The SEC is a self-regulation body funded by the brokerages, and not part of the government. It's job is basically to make sure everybody plays fair, such as in this situation where there were trades that really shouldn't have happened. The can call an "undo" on those trades, but it's cleaner to have a rule that says keeps the markets from going crazy in the first place.
What happened on May 6th was that sell orders were present without matching buy orders for an instant, and that allowed some really wacky trades to complete... nearly every Dow and S&P 500 component was affected, and some ETFs even traded for a penny a share for that brief instant. Then when news got out that there was bargains to be had, the buy orders started showing up and things returned to a run-of-the-mill down day.
Now, the NYSE and NASDAQ have always had this circuit breaker rule that allowed them to call a "time out" where they wouldn't process orders in order to draw attention to the wacky situation and give all involved time to react. The problem is that these new "market centers" allow trades to be completed rapidly, but also without the same oversight rules. While the big exchanges had the time out in effect, orders simply routed around them and the wacky drop continued. So, now the SEC is taking the NYSE/NASDAQ rules and making them their rules, so all the new players have to observe the timeouts. That should fix this problem.
If a software license exists, and no software is written that is available under the terms of that license, does it merit discussion on Slashdot?
It looks to me as somebody set up a site to create a gallery of TOSes so software writers can get some ideas... but then the site got attacked by the typical forum trolls took over and we get a comedy site as the end result. This belongs to Idle next to news from The Onion.
As much as we hate Apple's walled-garden approach to an app store, having a central authority with a kill switch for any app, plus limited multitasking ability, plus developers tied to using the app store's preferred programming language and tools are all things that stand in the way of a would be trojan spyware author. As Apple claims, jailbreaking your iPhone could all "the enemy" to do what they want with it, and that could crush poor little American Telegraph and Telephone Co.'s network.
Google touts openness, and Microsoft touts the power of a free-market of commercial software, both of which provide nice benefits to the consumer, but also to the hacker who wants to compromise user privacy. Has anybody looked into the Facebook apps on these platforms?
The problem is not that the satellite is being hit by anything, but that a satellite that doesn't belong anywhere near it with its transmitters at full power is going to drift into the way, potentially jamming the signals that do belong there.
A lot of the coverage of the Galaxy IV failure during expanded versions of the nightly newscasts was in part because Galaxy IV customers used pre-empt rights to other feeds, leaving syndicated shows that air during the 7p hour unable to get to stations in time.
Not everybody. Small networks like MTV Jamz most likely are lucky to have their main slot, nevermind the backup. And most "backup plans" exist in the form of pre-empt rights on other birds which just causes the trouble to head downhill in the food chain.
Slashdot Mirror
...that hurts.
IE6 already is EOLed. Plenty of unpatched exploits. The problem is people are still getting it with default installs of XP.
To kill IE6, kill XP. Here's how.
1. End all security updates for XP.
2. Wait for the first botnet to come up with a XP hack.
3. Say "Sorry, you need to upgrade. Now!" to the crying victims.
Best Buy is mostly exiting the computer-geeks business to have more room for more profitable whole systems, laptops, and video games. Another electronics store near me has a table of 12 netbooks, all based on the same Atom processor... style choice, but no substance difference.
BFD, or no BFG.
Imagine if investors had 10 minutes to notice the 1000 point drop, instead of 30 seconds? Hundreds of thousands of people would have lost everything, because they think "Oh my god I need to dump this NOW!" when in reality they were at no real risk of losing anything.
Investors are not that stupid. If they see on CNBC the headline "PG has sellers but zero buy interest" and CNBC confirms with the company that there is no underlying problem, the problem will right itself as buyers will come out of the woodwork. Jim Cramer during this incident was about to present reasons why to sell PG, but when it went down that far he flipped his recommendation. If a stock is down for no reason, that's news and the market will find buyers.
I think the best solution to that is a "make up your mind" rule that gives you an N second lock from buying the same issue after a sell order, and an N second lock from selling the same issue after a buy order. In other words... if your opinion on the item has changed in N seconds, you clearly haven't seen that "I want to sell it... what I just bought!" commercial enough.
Registering your US company on a foreign exchange is a good way to get laughed at and ignored by most American retail investors. I don't know about you, but my broker only lets me buy SEC regulated issues.
There's limits on the market for how much it can go down (even up) in a day without cutting off certain types of automated orders so crashes don't all happen in one day like they did in 1984. This gives the busy-during-the-day person a chance to see the numbers that night, and place their orders for tomorrow knowing things are happening. Again, another safety feature that protects average investor at the expense of the "free market".
Your broker is required to do their best to get your market orders to the marketplace by a little thing called competition. If you're getting "poor execution" by your standards, move your account to a better, faster broker. There's plenty of ads on CNBC advertising what brokerage is good for what kind of investor.
Wild swings have a right to exists, when the grounding is present. For example, the world finds out that Worldcom or Enron reported bogus earnings, those stocks deserve their trip to a penny as they're almost certain to go bankrupt and have nothing of value left.
These circuit breakers just lengthen the time it's headed down so more people have a chance to hear the news and react to it. In fact, the market may just stop trading so that people who didn't hear the news don't catch the falling knife with trades based on yesterday's facts when new facts came out today. This is the antithesis of these millisecond traders, and keeps the market safe for the everyman.
And that's why that club of banks/brokers called the SEC was called in, and they are fixing this problem with this new rule.
The guy who needs protection is the poor sap who wanted to cash out his account at that point in time, who submitted a market order expecting to get $60,000 and having it execute and come back with $2700 for him. Should have used a limit order... but still, this just isn't "fair" and not likely to encourage people to invest in the market. So, that trade gets busted, he gets his stock back and gets to try again. Still, the market doesn't like busted trades either, so we need new rules designed to decrease the likelihood this will happen again.
Are you a bot that posts that whenever there's new rules?
This doesn't allow things to instantly go to unthinkable lows, but set a timeline by which something can go to down with everybody getting their turn to ring in should they think it's worth more than that new low. See Jim Cramer's reaction on air live on CNBC as this happened. He was going to say PG was overpriced, but then the sudden drop had him calling out a pretend "buy order"... it then moved 10 points suddenly and we were back to where we were. If he had made a real trade, it would have been in the range to be broken later in the day.
This kind of sudden change of wealth for no reason shouldn't happen, so we have rules to prevent them. When something gets around the rules, we need new rules.
It's allowed because the current theory is that anybody who wants to do it, can. I think the best argument against that is it takes real estate close to the market computers in order to have a fast enough ping time to trade by the millisecond.
My fix for that situation would be to dumb down the market clocks to only timestamp to the second, and anything received in the same second gets the same priority, with randomness as the tiebreaker when needed. That should suck the life out of these vultures.
How many legislators are
Wrong joke for the situation. The SEC is a self-regulation body funded by the brokerages, and not part of the government. It's job is basically to make sure everybody plays fair, such as in this situation where there were trades that really shouldn't have happened. The can call an "undo" on those trades, but it's cleaner to have a rule that says keeps the markets from going crazy in the first place.
What happened on May 6th was that sell orders were present without matching buy orders for an instant, and that allowed some really wacky trades to complete... nearly every Dow and S&P 500 component was affected, and some ETFs even traded for a penny a share for that brief instant. Then when news got out that there was bargains to be had, the buy orders started showing up and things returned to a run-of-the-mill down day.
Now, the NYSE and NASDAQ have always had this circuit breaker rule that allowed them to call a "time out" where they wouldn't process orders in order to draw attention to the wacky situation and give all involved time to react. The problem is that these new "market centers" allow trades to be completed rapidly, but also without the same oversight rules. While the big exchanges had the time out in effect, orders simply routed around them and the wacky drop continued. So, now the SEC is taking the NYSE/NASDAQ rules and making them their rules, so all the new players have to observe the timeouts. That should fix this problem.
If a software license exists, and no software is written that is available under the terms of that license, does it merit discussion on Slashdot?
It looks to me as somebody set up a site to create a gallery of TOSes so software writers can get some ideas... but then the site got attacked by the typical forum trolls took over and we get a comedy site as the end result. This belongs to Idle next to news from The Onion.
As much as we hate Apple's walled-garden approach to an app store, having a central authority with a kill switch for any app, plus limited multitasking ability, plus developers tied to using the app store's preferred programming language and tools are all things that stand in the way of a would be trojan spyware author. As Apple claims, jailbreaking your iPhone could all "the enemy" to do what they want with it, and that could crush poor little American Telegraph and Telephone Co.'s network.
Google touts openness, and Microsoft touts the power of a free-market of commercial software, both of which provide nice benefits to the consumer, but also to the hacker who wants to compromise user privacy. Has anybody looked into the Facebook apps on these platforms?
- The black hole was thrown out for arguing the balls and strikes.
- The galaxy wanted one of the new Energy Star black holes.
- The galaxy couldn't turn down the Universe's Cash For Clunkers program to trade in the used black hole.
- Circling each other must be the intergalactic version of foreplay.
- The merger of these black holes is actually pending shareholder approval.
The problem is not that the satellite is being hit by anything, but that a satellite that doesn't belong anywhere near it with its transmitters at full power is going to drift into the way, potentially jamming the signals that do belong there.
DirecTV gets SOME channels by fiber, not all of them.
Nah.. local breaking news constant coverage all night because the primetime shows didn't make it there.
A lot of the coverage of the Galaxy IV failure during expanded versions of the nightly newscasts was in part because Galaxy IV customers used pre-empt rights to other feeds, leaving syndicated shows that air during the 7p hour unable to get to stations in time.
Not everybody. Small networks like MTV Jamz most likely are lucky to have their main slot, nevermind the backup. And most "backup plans" exist in the form of pre-empt rights on other birds which just causes the trouble to head downhill in the food chain.