No offense intended, but there's been a bit of revisionism with regard to "free market" - as it used to be referred to as "free enterprise" - which has been destroyed by big business - formerly known as a monopoly.
Not to fret, V50 things will continue to go downwards - and increasingly so - thanks to NO ACTION YET taken on those factors leading to the present financial meltdown (namely financial regulation measures) which will only continue to get worse...and worse....and worse....we are quickly reaching the point of critical mass, if we haven't already arrived - in America - for offshoring of American jobs. There simply aren't that many left to offshore anymore. And eventually the college system will only cater to the super rich and foreign students as America students who can afford it will have all but disappeared - after all, who can spend a small fortune for college when loans can never be repaid?
The alternative? Did you happen to miss the part about "fraud" and "deception"?
Reading comprehension is mandatory at this site, ya know? The alternative is non-fraudulent, non-deceptive math, like the kind I had in school. The alternative is, instead of building Excel models of subprime and Alt-A mortgage performance MISSING the "downturn variable" - one uses financial models including all the proper variables - which applies to utilizing the proper variables with regard to any Gaussian cupola functions involved as well.....
I am in complete disagreement with gadget+junkie - if "financial math" is here to stay, we are all doomed - as it is based upon fraud, deception and super-leveraging - not to mention that criminal creation of old Naples, the tontine - a k a "last man standing" financial instrument - won't fly for any true progress - otherwise a continued state of regression will prevail - we will all become the failed neocon-generated economic states of Iceland and Russia.
True, the sum total invested in financial math WAS TRUE, but that has since been "magically" transformed into worthless derivatives - Geithner's fraudulent PPIP program to the contrary.
There should be mass mobs on their way to Basel to burn down the Bank for International Settlements, and to D.C. to burn down the Federal Reserve Bank; both detrimental to any true progress and human development.
Prof. Taleb's figure of the banks loss of $1 trillion is phenomenally understated, but the Prof. is usually rather moderate in his figures, so I can't fault the brilliant professor for that. (I would say it was more in the range of many trillions.)
The more crucial situation is that we are in the midst of an enormous battle to rend our existence down to pure feudalism - even further down from the neofeudalism which prevails today (does any society which would truly espouses progress - which few do today, and definitely not the USA - still have "interest" and "rent" ???).
Capitalism is dead. The economy is over, yet Geithner, Summers and Bernanke continue on with the Bush Administration's neocon economic prescription - super-massive transfer of wealth to the upper 1/10th of 1 percent and reducing the rest of us to serfdom.
It is far more than simple errors in financial math; essentially it is a planned design for an historically colossal fraud (and NO! - these aren't "exotic instruments" which no one understands - Ponzi schemes and fraudulent tontines are comprehensible to most of us). The phrase from that Wired article to focus on - and to try to fully understand - was that an unlimited number of credit default swaps may be written against one borrower (disclaimer: quote from memory, may not be exact)- which says it all.
Marx was an optimist - believing that industrial capitalism would end up supreme, dominating the financial aspect and utilizing it to its own ends. Instead we have financial capitalism, which seeks to minimize and trivialize industrial capitalism (read technocracy, or something to that effect), which is nothing but a gigantic scam and fraud.
Should those interested, follow Prof. Michael Hudson, the most brilliant banking historian and financial economist in the Western Hemisphere. Prof. Taleb had it perfectly right in a past NPR interview when he stated that "..the banks have taken over and the only thing socialized is their debt." (BTW, that was the last interview I've ever heard on NPR with Prof. Taleb!)
Gee, this sounds awfully familiar, kinda like what happened several months ago involving Baxter International, the pharmaceutical corp which manufactures avian flue vaccine but isn't having much luck in marketing it.
Baxter nearby when this took place, me wonders????
All thoughtful comments, WindBourne, and in the same vein I would strongly suggest this is a complete non-issue.
The same clowns who keep yelling about the coming Chinese Menace are the same exact anti-American corporate/neocon clowns who have offshored all the jobs, and all the technology (much of it given freely, and the rest simply copied from those jobs) to China.
Ergo, who gives a rat's ass about this stuff, certainly not this old combat vet who couldn't care less if those Chinese should ever attack us with our very own technology......
Sec'y Gates, wasn't he the guy who used to boil cats when he was growing up? And wasn't his father also the Secretary of Defense? Didn't realize all these government positions were hereditary???
Let me give you a hint, junior douchebag, never assume as your assumptions are probably as wrong as this one. And I no longer bother attempting to explain myself to the lowbrows - and will you EVER learn the correct definition of troll?
That's right, Sir Douchebag, I mean Sir_Lewk, always blame the worker - more than likely it was a disgruntled fiber optics' company exec - as they are the usual criminals existing in society. That's where I'd put my money - except I lost it when those bankers and "investment" brokers and derivatives traders walked away with billions of stolen money......
The triple scourge of the destroyed American economy: (1) offshored jobs or imported scab workers, (2) leveraged buyouts and "pump and dump" schemes, destroying companies and jobs, and (3) the ultimate investment, banking and insurance fraud: the derivatives market.
You sure it wasn't the fiber optics companies that were behind this?
I'm reminded of the recent incident involving Baxter International (the giant pharmaceutical company with ties to SAIC and AIG), long a manufacturer of Avian Bird Flu vaccine, which hasn't been doing very well in peddling that vaccine due to minimal market demand.
Several months ago, although receiving virtually no press in the USA (there was wide coverage throughout the Euro press), Baxter International "accidentally" sent out a batch of mixed together (highly contagious) human flu with avian bird flu, resulting in a pandemic-capable mixture distributed to some sixteen labs throughout Europe.
Fortunately, a Czech lab discovered the "mistake" and immediately reported it to the proper UN agency and back to Baxter.
You're probably right, unfortunately, I suspect those lectures and other downloads to the iPods will be supervised by Rupert Murdoch's Fox(tard) corporations.
Not racism, dood, but good future intentions. If Mr. Chopra aids in the complete offshoring of the US Congress, plus any and all administrations, government workers, etc., that can only be a good thing.....no more clowns for those EVIL lobbyists who actually run the country to be around to take their money.
It seems like a rather obvious security measure to me, first and foremost. While it has been awhile since I've done a serious network hacking, wouldn't it be a logical failsafe measure to have as many PCs powered down as possible, should any firewall server breach ever occur????
Oddly, I find myself agreeing with your sentiments, but then quite a number of people on Wall Street still believe that DEBT should be transformed into SECURITIES.....
Oh yeah, I almost forgot, I once had to write code while in a partitioned penthouse located atop a building in West Hollywood.
On the other side were Rose McGowan, Jessica Alba and Christina Aguilera, who had been partying hard all night while imbibing an assortment of aphrodisiacs. They kept banging on the adjoining door - begging to be let in so they could acost me.
Sadly, somehow I still managed to finish that contract coding aassignment.......
Obviously, so that novelists like John Sandford can write a novel (I forget whether it was the Empress File or the Devil's Code where the supporting character, a hacker, manipulated the electrical grid at where the bad guys were to shut them down.
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Well, my good fellow tsm_sf, so long as there aren't any Bit Bucket overflows.....
No offense intended, but there's been a bit of revisionism with regard to "free market" - as it used to be referred to as "free enterprise" - which has been destroyed by big business - formerly known as a monopoly.
Wall Street, New York City, USA
Not to fret, V50 things will continue to go downwards - and increasingly so - thanks to NO ACTION YET taken on those factors leading to the present financial meltdown (namely financial regulation measures) which will only continue to get worse...and worse....and worse....we are quickly reaching the point of critical mass, if we haven't already arrived - in America - for offshoring of American jobs. There simply aren't that many left to offshore anymore. And eventually the college system will only cater to the super rich and foreign students as America students who can afford it will have all but disappeared - after all, who can spend a small fortune for college when loans can never be repaid?
The alternative? Did you happen to miss the part about "fraud" and "deception"?
Reading comprehension is mandatory at this site, ya know? The alternative is non-fraudulent, non-deceptive math, like the kind I had in school. The alternative is, instead of building Excel models of subprime and Alt-A mortgage performance MISSING the "downturn variable" - one uses financial models including all the proper variables - which applies to utilizing the proper variables with regard to any Gaussian cupola functions involved as well.....
True, the sum total invested in financial math WAS TRUE, but that has since been "magically" transformed into worthless derivatives - Geithner's fraudulent PPIP program to the contrary.
There should be mass mobs on their way to Basel to burn down the Bank for International Settlements, and to D.C. to burn down the Federal Reserve Bank; both detrimental to any true progress and human development.
The more crucial situation is that we are in the midst of an enormous battle to rend our existence down to pure feudalism - even further down from the neofeudalism which prevails today (does any society which would truly espouses progress - which few do today, and definitely not the USA - still have "interest" and "rent" ???).
Capitalism is dead. The economy is over, yet Geithner, Summers and Bernanke continue on with the Bush Administration's neocon economic prescription - super-massive transfer of wealth to the upper 1/10th of 1 percent and reducing the rest of us to serfdom.
It is far more than simple errors in financial math; essentially it is a planned design for an historically colossal fraud (and NO! - these aren't "exotic instruments" which no one understands - Ponzi schemes and fraudulent tontines are comprehensible to most of us). The phrase from that Wired article to focus on - and to try to fully understand - was that an unlimited number of credit default swaps may be written against one borrower (disclaimer: quote from memory, may not be exact)- which says it all.
Marx was an optimist - believing that industrial capitalism would end up supreme, dominating the financial aspect and utilizing it to its own ends. Instead we have financial capitalism, which seeks to minimize and trivialize industrial capitalism (read technocracy, or something to that effect), which is nothing but a gigantic scam and fraud.
Should those interested, follow Prof. Michael Hudson, the most brilliant banking historian and financial economist in the Western Hemisphere. Prof. Taleb had it perfectly right in a past NPR interview when he stated that "..the banks have taken over and the only thing socialized is their debt." (BTW, that was the last interview I've ever heard on NPR with Prof. Taleb!)
Sgt. Doom's hobbies: network penetration & forensic economics
Citizen bhima, I believe they already may have. So there may actually be "competent" biotechnologists out there.....
Baxter nearby when this took place, me wonders????
The same clowns who keep yelling about the coming Chinese Menace are the same exact anti-American corporate/neocon clowns who have offshored all the jobs, and all the technology (much of it given freely, and the rest simply copied from those jobs) to China.
Ergo, who gives a rat's ass about this stuff, certainly not this old combat vet who couldn't care less if those Chinese should ever attack us with our very own technology......
Sec'y Gates, wasn't he the guy who used to boil cats when he was growing up? And wasn't his father also the Secretary of Defense? Didn't realize all these government positions were hereditary???
Let me give you a hint, junior douchebag, never assume as your assumptions are probably as wrong as this one. And I no longer bother attempting to explain myself to the lowbrows - and will you EVER learn the correct definition of troll?
Because Korporate AmeriKa hasn't offshored ALL the jobs to China yet (with the latest offshoring round this time), only most of the jobs.....
"For once, an article on botnets notes that the infected machines are in fact Windows."
Good point, usually those darn INFECTED machines won't admit to anything!!!!! (Of course, if I was infected, I wound't either.....)
The triple scourge of the destroyed American economy: (1) offshored jobs or imported scab workers, (2) leveraged buyouts and "pump and dump" schemes, destroying companies and jobs, and (3) the ultimate investment, banking and insurance fraud: the derivatives market.
You sure it wasn't the fiber optics companies that were behind this?
I'm reminded of the recent incident involving Baxter International (the giant pharmaceutical company with ties to SAIC and AIG), long a manufacturer of Avian Bird Flu vaccine, which hasn't been doing very well in peddling that vaccine due to minimal market demand.
Several months ago, although receiving virtually no press in the USA (there was wide coverage throughout the Euro press), Baxter International "accidentally" sent out a batch of mixed together (highly contagious) human flu with avian bird flu, resulting in a pandemic-capable mixture distributed to some sixteen labs throughout Europe.
Fortunately, a Czech lab discovered the "mistake" and immediately reported it to the proper UN agency and back to Baxter.
If everyone in the world has access to the information then why bother paying for the degree?
Ummm....because societies aren't meritocratic but aristocratic or despotic or totalitarian in nature?
Ummm...because the purpose of education wasn't the furthering of social progress, but to differentiate between the ruling elites and the rest of us?
There will always be artificial divides until a true democratic and meritocratic economy has been established.
You're probably right, unfortunately, I suspect those lectures and other downloads to the iPods will be supervised by Rupert Murdoch's Fox(tard) corporations.
Wait a minute....don't they already have Inspector Gadget? Or was he French?
Not racism, dood, but good future intentions. If Mr. Chopra aids in the complete offshoring of the US Congress, plus any and all administrations, government workers, etc., that can only be a good thing.....no more clowns for those EVIL lobbyists who actually run the country to be around to take their money.
It seems like a rather obvious security measure to me, first and foremost. While it has been awhile since I've done a serious network hacking, wouldn't it be a logical failsafe measure to have as many PCs powered down as possible, should any firewall server breach ever occur????
Oddly, I find myself agreeing with your sentiments, but then quite a number of people on Wall Street still believe that DEBT should be transformed into SECURITIES.....
Oh yeah, I almost forgot, I once had to write code while in a partitioned penthouse located atop a building in West Hollywood. On the other side were Rose McGowan, Jessica Alba and Christina Aguilera, who had been partying hard all night while imbibing an assortment of aphrodisiacs. They kept banging on the adjoining door - begging to be let in so they could acost me. Sadly, somehow I still managed to finish that contract coding aassignment.......
Speaking of water, I once had to debug code while crossing the ocean aboard Noah's Ark (yup, the original one). Talk about your godawful smells.
Holy S**t!!!
No comments could improve upon your masterful post!
Obviously, so that novelists like John Sandford can write a novel (I forget whether it was the Empress File or the Devil's Code where the supporting character, a hacker, manipulated the electrical grid at where the bad guys were to shut them down.