Regulation and forbid speculation on a "critical" national resource.
For each speculator who is betting that oil will go up, there is another speculator betting that oil will go down. Otherwise, there will be no contract to buy/sell.
I'm curious - how much do you know about the oil futures market?
People really need to start investing in sustainable renewable energy, things like tidal, wind, solar, and what IMO is the most untapped, geothermal. Seriously, we have all these active volcanos around the planet exerting kilotons of energy spewing gasses into the air and creating massive amounts of heat, why aren't we harnessing that more?
If it were economical to harness energy from all those sources, don't you think the greedy capitalists would've been all over it?
The reason nobody wants to harness those sources is because they are inefficient compared to coal and oil. Spending money to get energy from inefficient sources only makes mankind poorer.
Note, however, that this does not solve the problem of nobody wanting to PAY these "engineers" a real salary to build out their $50 million data-center.
And what would be a "real salary" and how do you arrive at that number?
Of course he was naive. Anyone who believes that a politician running for office is being honest about anything is naive. The incentives in politics work against anyone who is honest.
I'm willing to bet $100 that in 2012, Pres. Obama wouldn't have "changed" anything; pork spending would continue in spite of Pres. McCain and lobbyists will continue to thrive.
If copyright bought laws isn't capitalism at its extreme (alright, companies literally being the government would be a bit more extreme, but they like to have mascots so that's unlikely), I don't know what is. Here, I'll help you:
cap.i.tal.ism:
An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.
(Notice how it says nothing about government using force to take people's property and giving it to others.)
In India we are pretty backward when it comes to this. Unless you have a signed, notarized document, there is not contract or agreement.
It is far from perfect though - forged signatures, corrupt notaries & bad titles increase the cost of doing business. But I'll take that any day over relying on a number that about a thousand people know by now.
Production is a cost, consumption is the goal. Otherwise, we should be complaining that the sun is providing us with cheap light and thereby stopping us from developing high intensity lighting systems.
Maybe Obama will ban the sun "to create more jobs here in the greatest country in the world (which he will try to change)".
By that logic, shouldn't each household try to be self-sufficient? After all, what would happen if others decide one day not to sell anything to your family?
Should Illinois take the same attitude and stop importing stuff from other states?
And even if you have a good reason to think that the Chinese would stop selling you crappy toys, isn't it smart then to *conserve* your resources for that rainy day?
Thanks - that is basically what I've heard.
It is not just the banks though - people are using SSNs to collect other people's unemployment. Good luck trying to get your benefits when you need them most.
they put in planes where the companies that own and run them (civil airlines) are all going broke?
And why are they going broke? Can they consolidate and cut down costs?
Just last month, we used GoToMeeting about 4 times for sales calls that previously we would've flown to.
The airlines are bleeding, but they are not allowed to merge because the retards in the govt. don't understand that airlines (or any other industry for that matter) don't just compete among themselves.
20 years from now flying will be reserved for the ultra rich and the military bloodletting retards, the wall street and equivalent in other nations
In 1994, we (an upper middle class family in India) flew in a plane for the first time. It took my dad about a week to decide that, 'yes, we can afford the cost (vs. the train)'.
In 2008, my cousin who is fresh out of school and in her first job, routinely takes the airplane to fly between Pune and Coimbatore - she does this twice a month and doesn't even consider taking the train.
So, just because your govt. (I'm assuming you are from the USA) is killing your industry with regulation doesn't mean things are bad all over the world.
If someone "steals my identity" and gets credit, am I responsible for paying the loan or does the financial institution just eat it?
My friend's husband had his SSN stolen and they were convinced that they'd have to repay. They showed me the IL attorney general's website which supported their conclusion.
If that is true, then this problem will not go away. Make the financial institution eat the loss caused by their stupid reliance on a 9-digit number that is not even supposed to be secret.
What are you referring to as "manufacturing output?" Just try finding an American-made TV set, computer, video game unit or other electronic device.
How about gas turbines and jet engines (to name 2 off the top of my head)? Oh, they don't sell those in Walmart, so that does not count...well, I concede, America does not make anything.
Ah yes. More regulation to correct a problem created by regulation.
Here is a question for you - why is that Houston,TX which lacks zoning laws restricting industrial, commercial and residential construction to specific neighborhoods, did not experience the boom/bust in real estate that other major cities did? And this in a city where population growth was among the highest in the nation?
Just because you think something is a good idea does not mean it is. No one person can have enough information to know what the most productive use of a resource is. It takes collective wisdom in form of people exchanging resources freely with the price system transmitting the information to get the most productivity out of a resource.
We no longer manufacture things in the US, basic big stuff like steel, etc. We just depend on buying it cheaper overseas....
Here is a pop quiz that may be of help to you:
1) In what year did U.S. Manufacturing output reach its all-time peak?
a. 1966 b. 1976 c. 1986 d. 1996 e. 2006
2) In what year did U.S. Manufacturing revenue reach its all-time peak? (inflation adjusted)
a. 1966 b. 1976 c. 1986 d. 1996 e. 2006
3) In what year did U.S. Manufacturing profits reach their all-time peak? (inflation adjusted)
a. 1966 b. 1976 c. 1986 d. 1996 e. 2006
4) In what year did U.S. Manufacturing exports reach their all-time peak? (inflation adjusted)
a. 1966 b. 1976 c. 1986 d. 1996 e. 2006
5) Average annual compensation (wages + benefits) for US manufacturing jobs is
a. $36,000 b. $46,0000 c. $56,0000 d. $66,000
6) What are the relative sizes of the US and Chinese manufacturing sectors?
a. China outputs 2.5 times the US b. Equal c. The US outputs 2.5 times China
7) Which country produces the largest share of total world manufacturing output?
a. China b. Japan c. Germany d. France e. US
The answers if anyone cares about facts: 1-e,2-e,3-e,4-e,5-d,6-c,7-e
Yes, they used tax payers' money, and I'm pretty glad that I helped contribute in some way.
That is the issue, isn't it? You might be glad, but there are people who do not want to contribute and they were forced to do so.
Not sure if you have noticed, but there are a few things we are running out of here despite China's one child rule.... room, food, fuel, and some other less dramatic things. Mother nature has a way of balancing things, so she'll kill a lot of us off. This might interest you.
...can keep up with the shear numbers of parent classified geniuses.
Clearly, your English teacher wasn't paid enough.
But other than that, the problem I see in this country is that the consumers of education have no choice. And like in any other monopoly, the provider gets away with poor quality.
Both of them are the worst examples of politicians I can imagine. Both are hypocrites of the biggest order, living the large life and telling everyone else to do without.
Didn't Obama say the same thing at a commencement speech recently:
"...There's no community service requirement in the real world; no one forcing you to care. You can take your diploma, walk off this stage, and chase only after the big house and the nice suits and all the other things that our money culture says you should by. You can choose to narrow your concerns and live your life in a way that tries to keep your story separate from America's..."
This coming from a guy who made $4million last year and lives in a $1.5 million dollar house.
Like any good collectivist, Obama doesn't want war, he just wants your money and your soul.
Slashdot Mirror
Regulation and forbid speculation on a "critical" national resource.
For each speculator who is betting that oil will go up, there is another speculator betting that oil will go down. Otherwise, there will be no contract to buy/sell.
I'm curious - how much do you know about the oil futures market?
People really need to start investing in sustainable renewable energy, things like tidal, wind, solar, and what IMO is the most untapped, geothermal. Seriously, we have all these active volcanos around the planet exerting kilotons of energy spewing gasses into the air and creating massive amounts of heat, why aren't we harnessing that more?
If it were economical to harness energy from all those sources, don't you think the greedy capitalists would've been all over it?
The reason nobody wants to harness those sources is because they are inefficient compared to coal and oil. Spending money to get energy from inefficient sources only makes mankind poorer.
Note, however, that this does not solve the problem of nobody wanting to PAY these "engineers" a real salary to build out their $50 million data-center.
And what would be a "real salary" and how do you arrive at that number?
Customers having to pay for what they use!!! OMG!!!
No, you were not naive.
Of course he was naive. Anyone who believes that a politician running for office is being honest about anything is naive. The incentives in politics work against anyone who is honest.
I'm willing to bet $100 that in 2012, Pres. Obama wouldn't have "changed" anything; pork spending would continue in spite of Pres. McCain and lobbyists will continue to thrive.
cap.i.tal.ism:
An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.
(Notice how it says nothing about government using force to take people's property and giving it to others.)
In India we are pretty backward when it comes to this. Unless you have a signed, notarized document, there is not contract or agreement.
It is far from perfect though - forged signatures, corrupt notaries & bad titles increase the cost of doing business. But I'll take that any day over relying on a number that about a thousand people know by now.
Production is a cost, consumption is the goal. Otherwise, we should be complaining that the sun is providing us with cheap light and thereby stopping us from developing high intensity lighting systems.
Maybe Obama will ban the sun "to create more jobs here in the greatest country in the world (which he will try to change)".
By that logic, shouldn't each household try to be self-sufficient? After all, what would happen if others decide one day not to sell anything to your family?
Should Illinois take the same attitude and stop importing stuff from other states?
And even if you have a good reason to think that the Chinese would stop selling you crappy toys, isn't it smart then to *conserve* your resources for that rainy day?
Thanks - that is basically what I've heard.
It is not just the banks though - people are using SSNs to collect other people's unemployment. Good luck trying to get your benefits when you need them most.
they put in planes where the companies that own and run them (civil airlines) are all going broke?
And why are they going broke? Can they consolidate and cut down costs?
Just last month, we used GoToMeeting about 4 times for sales calls that previously we would've flown to.
The airlines are bleeding, but they are not allowed to merge because the retards in the govt. don't understand that airlines (or any other industry for that matter) don't just compete among themselves.
20 years from now flying will be reserved for the ultra rich and the military bloodletting retards, the wall street and equivalent in other nations
In 1994, we (an upper middle class family in India) flew in a plane for the first time. It took my dad about a week to decide that, 'yes, we can afford the cost (vs. the train)'.
In 2008, my cousin who is fresh out of school and in her first job, routinely takes the airplane to fly between Pune and Coimbatore - she does this twice a month and doesn't even consider taking the train.
So, just because your govt. (I'm assuming you are from the USA) is killing your industry with regulation doesn't mean things are bad all over the world.
If someone "steals my identity" and gets credit, am I responsible for paying the loan or does the financial institution just eat it?
My friend's husband had his SSN stolen and they were convinced that they'd have to repay. They showed me the IL attorney general's website which supported their conclusion.
If that is true, then this problem will not go away. Make the financial institution eat the loss caused by their stupid reliance on a 9-digit number that is not even supposed to be secret.
And where do those raw materials, or even parts for those jet engines come from?
You are correct, the USA should immediately cease producing value added goods and produce iron ore and silicon.
Dallas is an up-and-coming technology center...There has been a TON of new technology businesses that have setup shop in Dallas in the last decade...
Shouldn't that have increased prices in Dallas more than the other places like Phoenix, Florida and California? Why didn't that happen?
But consolidation in the last decade has hurt the abilities of the markets to function the way they are supposed to.
Can you give a few examples of consolidation and what aspect of the workings of markets that it has hurt?
What are you referring to as "manufacturing output?" Just try finding an American-made TV set, computer, video game unit or other electronic device.
How about gas turbines and jet engines (to name 2 off the top of my head)? Oh, they don't sell those in Walmart, so that does not count...well, I concede, America does not make anything.
Well, the data I have is from 2006 and I'm too lazy to look up newer data.
Ah yes. More regulation to correct a problem created by regulation.
Here is a question for you - why is that Houston,TX which lacks zoning laws restricting industrial, commercial and residential construction to specific neighborhoods, did not experience the boom/bust in real estate that other major cities did? And this in a city where population growth was among the highest in the nation?
Just because you think something is a good idea does not mean it is. No one person can have enough information to know what the most productive use of a resource is. It takes collective wisdom in form of people exchanging resources freely with the price system transmitting the information to get the most productivity out of a resource.
We no longer manufacture things in the US, basic big stuff like steel, etc. We just depend on buying it cheaper overseas....
Here is a pop quiz that may be of help to you:
1) In what year did U.S. Manufacturing output reach its all-time peak?
a. 1966 b. 1976 c. 1986 d. 1996 e. 2006
2) In what year did U.S. Manufacturing revenue reach its all-time peak? (inflation adjusted)
a. 1966 b. 1976 c. 1986 d. 1996 e. 2006
3) In what year did U.S. Manufacturing profits reach their all-time peak? (inflation adjusted)
a. 1966 b. 1976 c. 1986 d. 1996 e. 2006
4) In what year did U.S. Manufacturing exports reach their all-time peak? (inflation adjusted)
a. 1966 b. 1976 c. 1986 d. 1996 e. 2006
5) Average annual compensation (wages + benefits) for US manufacturing jobs is
a. $36,000 b. $46,0000 c. $56,0000 d. $66,000
6) What are the relative sizes of the US and Chinese manufacturing sectors?
a. China outputs 2.5 times the US b. Equal c. The US outputs 2.5 times China
7) Which country produces the largest share of total world manufacturing output?
a. China b. Japan c. Germany d. France e. US
The answers if anyone cares about facts: 1-e,2-e,3-e,4-e,5-d,6-c,7-e
Yes, they used tax payers' money, and I'm pretty glad that I helped contribute in some way.
That is the issue, isn't it? You might be glad, but there are people who do not want to contribute and they were forced to do so.
Not sure if you have noticed, but there are a few things we are running out of here despite China's one child rule.... room, food, fuel, and some other less dramatic things. Mother nature has a way of balancing things, so she'll kill a lot of us off.
This might interest you.
...can keep up with the shear numbers of parent classified geniuses.
Clearly, your English teacher wasn't paid enough.
But other than that, the problem I see in this country is that the consumers of education have no choice. And like in any other monopoly, the provider gets away with poor quality.
If they do that, then they will have to pay taxes on the "income" from the sale of their own software to their own data center.
You sure did.
And what makes $30,000 ok, but not $300,000? What pay scale determines if you are "serving the community" or "chasing money culture"?
Did you forget that after he got his diploma he spent some years as a community organizer? That clearly jives with his speech.
I must've missed the part where he specified how long one should do community service and at what precise point one should cash in.
Both of them are the worst examples of politicians I can imagine. Both are hypocrites of the biggest order, living the large life and telling everyone else to do without.
Didn't Obama say the same thing at a commencement speech recently:
"...There's no community service requirement in the real world; no one forcing you to care. You can take your diploma, walk off this stage, and chase only after the big house and the nice suits and all the other things that our money culture says you should by. You can choose to narrow your concerns and live your life in a way that tries to keep your story separate from America's..."
This coming from a guy who made $4million last year and lives in a $1.5 million dollar house.
Like any good collectivist, Obama doesn't want war, he just wants your money and your soul.