Just another example that "a house is an investment" is a delusion.
There's a silver lining though. Those people can downgrade their internet connection since they will no longer be able to watch Netflix during business hours.
Only if being shot in Australia with Australian crew and funded by Australian taxpayers doesn't count. Pacific Rim 2
That's right, it doesn't count. See Wikipedia:
Pacific Rim: Uprising is an upcoming American science fiction monster film directed by Steven S. DeKnight and written by DeKnight, Emily Carmichael, Kira Snyder, and T.S. Nowlin from a story by Guillermo del Toro.
American director, written by four American writers, based on a story by a Mexican. And in the clickable actor names in that Wikipedia entry there's Americans, British, Chinese, Japanese, etc. but no Australian.
The disruption here comes from the retards at the Federal Reserve who keep handing taxpayers money for free to Wall Street banks
It's a good thing for the American people that simpletons like you aren't in charge of our monetary policy.
Okay I will explain it so even you can understand. Whenever the Fed lowers the interest rate, to a point where it gets to zero or near zero, they make it cheaper for the banks to get money from them than from you and me, so the banks have no incentive to pay you and me interest on money we put in their care. That's why a certificate of deposit at Bank of America currently pays a magnificent 0.05% annual return. Yes, this means that in order to make a $1 return you need to invest $2,000 for a year.
What do you think is the impact of those interest rates? Your pension fund has to take more and more risk just to beat inflation; and that's not enough to meet their payments to current retirees so they have to take even more risk. They have to buy derivative products, they have to invest in startups, they have to gamble YOUR pension money on forex and commodities and whatnot because if they just leave it in the bank it won't be enough to pay you when you retire. And whenever they take a bath like with those CDOs in 2007-2008, they have to double down and take more risk to make up for it.
But see, although they spin things differently (for instance by excluding inconvenient things from the way they calculate inflation), the geniuses at the Fed can tell that their model of pumping your cash in Wall Street banks for free doesn't work. So what's next? They want to be allowed by law to buy stocks. Yes. They think they're so smart that they should be able to influence the stock market in order to fix the economy they've been sabotaging for decades now.
And why does the Fed geniuses do that? Either because their mathematical models tell them that the economy needs a strong Goldman Sachs to survive and they won't let reality get in the way ("Russia was not supposed to default on their bonds! People were not supposed to take mortages they can't afford! etc") or because they want to go work at Goldman Sachs after having spent their purgatory 2-3 years at the Fed.
I'm not a simpleton. The simpletons are the people who gladly bend over and take it from those bastards who play roulette with the savings and pension money of other people.
Netflix did little more than that until they started making their own content a few years ago.
And they suck at it. Most of Netflix original content is garbage. Meanwhile, almost every single series made by Amazon Prime is fantastic (Hand of God, Goliath, Man in high castle, Patriot, etc). The day Amazon can make streaming as smooth as Netflix, there's no more Netflix.
I attended a presentations in the mid 90's sometime by Dr. Hecht-Neilson who had a company that evaluated people for their credit worthiness using neural networks.
That's like saying that Amazon is making money by providing customers with an online shopping cart.
Algorithms are no longer a barrier to entry in analytics; you can get them for free from various Apache projects (Spark, Mahout, etc). The challenge is in acquiring the right data sets and finding features that deliver the kind of indicator you need by constantly evaluating samples and tuning your model. Everyone and their neighbor is using neural nets these days; most fail at achieving something meaningful with them.
It is very difficult to "exploit the fuck out" of insurance companies because they pool hard fraud indicators and they have access to more computing power and advanced software than some guy with a $25/month AWS instance.
The weakness in this industry is soft fraud: people claiming that their Xbox One Special Edition With 1TB SSD was stolen, while they actually had the Xbox One Cheapskate Edition ("sorry I lost the receipt but I have a blurry picture of this device which unfortunately you can't inspect since it's gone!"). There's room for abuse but it's not really a huge business opportunity unless you control a big network of people who consistently make inflated claims.
potentially disruptive to this trillion-dollar industry, for which premiums alone comprise 7% of U.S. GDP
Those insurance startups don't disrupt the trillion-dollar insurance industry any more than hotels.com disrupt the business of Hilton or Starwood. This is not at all a situation similar to Airbnb or Uber. For the most part these startups are simply an additional revenue stream for the big companies, allowing them to reach out to the low-end market without having to foot the bill for all the automation and streamlining required to turn a profit on policies with a razor-thin margin.
Traditional insurance companies don't make the bulk of their profit by charging more in premiums than they pay in claims; they make a profit by investing those premiums until the moment where the money goes back to policy holders as claims are submitted. Insurance companies will never be made obsolete by the small peddlers; they will however go out of business if the financial system keeps making low-risk investments worth less than inflation. The disruption here comes from the retards at the Federal Reserve who keep handing taxpayers money for free to Wall Street banks; Lemonade is just an iPhone version of a traditional insurance broker.
and you've been in operation for over 2,000 years,
Someone's grasp of history seems a bit shaky there - I'm not sure that the Catholic church was in operation at [the time of]* the [supposed]* birth of Jesus.
* delete according to religious viewpoint
No the first Pope was Peter, who met Jesus in his late 20s.
15k gets you several nice machines to run in HA/Failover for a roll-your-own linux groupware system with enough left over to pay for a small AWS instance to run a backup VM on in the event of a catastrophic disaster that burns your entire office to the ground.
I'm not seeing the point you were trying to make.
Ok, since you don't get it, please think about these:
- who maintains those servers - who does the backup and where do you store it - who monitors those servers - who maintains the blacklists, spam rules, etc. - who creates mailboxes and how - how fast can support react to support tickets, such as password resets or lost emails recovery - who pays for the power and cooling of those several nice machines, and how much is it - what about physical security for those machines - where is the DNS that allows a smooth failover and how do you address webmail failover - what kind of link do you maintain between your on-site servers and your cloud server, and how much does it cost (I'm assuming vpn) - what is your DR strategy if you lose your nice servers? because then you've got a spof - from which budget are you going to take $15k upfront since you'll also have monthly fees for the same service
Besides the fact that the building burning down is an extreme scenario (as opposed to common ones like power failure, hardware failure, theft, internet connection issues, blacklisting of the outbound IP following a malware incident, etc). your approach also only works if the company has: - someone on-site 24x7 and costs nothing or - someone who is available within minutes 24x7 for a ridiculously low fee
See, that's the point with using cloud providers for commodity computing (such as email). Google or Microsoft (and now Amazon) are the ones dealing with all those issues and they're better equipped than some local guy and his 2 servers running in a closet. You can't compete with them, not at this price. Otherwise that's like thinking that running your own power plant is more cost-effective than being connected to the grid.
Move on. There's plenty of areas even in IT infrastructure where the cloud providers can't compete at an acceptable price (ex: anything that requires a lot of memory or cpu), but email is not one of them.
Slashdot Mirror
Any marketer/sales droid that relies on phones instead of email and messaging should be fired.
The worst ones use both.
My favorite ones? "Hey it's Gary, let's go right now over the exact same points we'll discuss with other people in the meeting we have in 20 minutes."
Just another example that "a house is an investment" is a delusion.
There's a silver lining though. Those people can downgrade their internet connection since they will no longer be able to watch Netflix during business hours.
Columbia make overpriced clothing
Overpriced and also not wrinkle-resistant, as we can see in this video showing that IT guy himself on a lame EMC storage panel.
https://www.youtube.com/watch?...
These vulnerabilities are insignificant and will be fixed, so let's talk about the far more important and pressing issues of race and race relations.
You mean like diversity hiring initiatives in Silicon Valley?
Being greedy makes them rich.
You clearly never met my mother-in-law.
Pretty common for technology that doesn't catch on in the consumer market to get used elsewhere.
If this is pretty common, why don't you name three examples? Maybe Segway. What else?
a Ruby on Rails programmer
Couldn't make your point without crossing the line into the obscene?
Only if being shot in Australia with Australian crew and funded by Australian taxpayers doesn't count. Pacific Rim 2
That's right, it doesn't count. See Wikipedia:
Pacific Rim: Uprising is an upcoming American science fiction monster film directed by Steven S. DeKnight and written by DeKnight, Emily Carmichael, Kira Snyder, and T.S. Nowlin from a story by Guillermo del Toro.
American director, written by four American writers, based on a story by a Mexican. And in the clickable actor names in that Wikipedia entry there's Americans, British, Chinese, Japanese, etc. but no Australian.
Get real. Nobody ever watches Australian movies, except for Crocodile Dundee and Mad Max.
The disruption here comes from the retards at the Federal Reserve who keep handing taxpayers money for free to Wall Street banks
It's a good thing for the American people that simpletons like you aren't in charge of our monetary policy.
Okay I will explain it so even you can understand. Whenever the Fed lowers the interest rate, to a point where it gets to zero or near zero, they make it cheaper for the banks to get money from them than from you and me, so the banks have no incentive to pay you and me interest on money we put in their care. That's why a certificate of deposit at Bank of America currently pays a magnificent 0.05% annual return. Yes, this means that in order to make a $1 return you need to invest $2,000 for a year.
What do you think is the impact of those interest rates? Your pension fund has to take more and more risk just to beat inflation; and that's not enough to meet their payments to current retirees so they have to take even more risk. They have to buy derivative products, they have to invest in startups, they have to gamble YOUR pension money on forex and commodities and whatnot because if they just leave it in the bank it won't be enough to pay you when you retire. And whenever they take a bath like with those CDOs in 2007-2008, they have to double down and take more risk to make up for it.
But see, although they spin things differently (for instance by excluding inconvenient things from the way they calculate inflation), the geniuses at the Fed can tell that their model of pumping your cash in Wall Street banks for free doesn't work. So what's next? They want to be allowed by law to buy stocks. Yes. They think they're so smart that they should be able to influence the stock market in order to fix the economy they've been sabotaging for decades now.
And why does the Fed geniuses do that? Either because their mathematical models tell them that the economy needs a strong Goldman Sachs to survive and they won't let reality get in the way ("Russia was not supposed to default on their bonds! People were not supposed to take mortages they can't afford! etc") or because they want to go work at Goldman Sachs after having spent their purgatory 2-3 years at the Fed.
I'm not a simpleton. The simpletons are the people who gladly bend over and take it from those bastards who play roulette with the savings and pension money of other people.
Netflix did little more than that until they started making their own content a few years ago.
And they suck at it. Most of Netflix original content is garbage. Meanwhile, almost every single series made by Amazon Prime is fantastic (Hand of God, Goliath, Man in high castle, Patriot, etc). The day Amazon can make streaming as smooth as Netflix, there's no more Netflix.
I attended a presentations in the mid 90's sometime by Dr. Hecht-Neilson who had a company that evaluated people for their credit worthiness using neural networks.
That's like saying that Amazon is making money by providing customers with an online shopping cart.
Algorithms are no longer a barrier to entry in analytics; you can get them for free from various Apache projects (Spark, Mahout, etc). The challenge is in acquiring the right data sets and finding features that deliver the kind of indicator you need by constantly evaluating samples and tuning your model. Everyone and their neighbor is using neural nets these days; most fail at achieving something meaningful with them.
It is very difficult to "exploit the fuck out" of insurance companies because they pool hard fraud indicators and they have access to more computing power and advanced software than some guy with a $25/month AWS instance.
The weakness in this industry is soft fraud: people claiming that their Xbox One Special Edition With 1TB SSD was stolen, while they actually had the Xbox One Cheapskate Edition ("sorry I lost the receipt but I have a blurry picture of this device which unfortunately you can't inspect since it's gone!"). There's room for abuse but it's not really a huge business opportunity unless you control a big network of people who consistently make inflated claims.
potentially disruptive to this trillion-dollar industry, for which premiums alone comprise 7% of U.S. GDP
Those insurance startups don't disrupt the trillion-dollar insurance industry any more than hotels.com disrupt the business of Hilton or Starwood. This is not at all a situation similar to Airbnb or Uber. For the most part these startups are simply an additional revenue stream for the big companies, allowing them to reach out to the low-end market without having to foot the bill for all the automation and streamlining required to turn a profit on policies with a razor-thin margin.
Traditional insurance companies don't make the bulk of their profit by charging more in premiums than they pay in claims; they make a profit by investing those premiums until the moment where the money goes back to policy holders as claims are submitted. Insurance companies will never be made obsolete by the small peddlers; they will however go out of business if the financial system keeps making low-risk investments worth less than inflation. The disruption here comes from the retards at the Federal Reserve who keep handing taxpayers money for free to Wall Street banks; Lemonade is just an iPhone version of a traditional insurance broker.
Sounds like a good prologue for a catastrophe movie.
Fade in.
"The year was 2017. A team of scientists released a genetically modified mosquito to fight malaria. It was a mistake. A terrible mistake."
Fade out.
Marissa is coming, she will fix Verizon like she fixed Yahoo.
Christian bashing is fine, Islam bashing is hate.
and you've been in operation for over 2,000 years,
Someone's grasp of history seems a bit shaky there - I'm not sure that the Catholic church was in operation at [the time of]* the [supposed]* birth of Jesus.
* delete according to religious viewpoint
No the first Pope was Peter, who met Jesus in his late 20s.
The Yahoo brand is going to Verizon, along with Marissa.
Time to short Verizon stock.
Ellen Pao
Trigger warning next time, please
So yea Yahoo went up, but not because of Marissa.
True. It went up *in spite* of that incompetent (which I refuse to call by her first name, we're not talking about Oprah or Linus here).
we got our money's worth when Steve Jobs came back.
Steve Jobs is back??? OMG how did this happen
Simple math problem for you: if a company has $10 B in earnings, how much is a CEO worth if he improves that by 1%?
Not much, given that 1% falls behind inflation, so the company is actually earning less over time.
An increase in earnings does not mean that the company has no investments.
Yahoo had directory, never "search".
Not true. They actually had their own search engine between 2003 and 2010. Before they were using Google, after they were using Microsoft.
Use a search engine and look this up.
15k gets you several nice machines to run in HA/Failover for a roll-your-own linux groupware system with enough left over to pay for a small AWS instance to run a backup VM on in the event of a catastrophic disaster that burns your entire office to the ground.
I'm not seeing the point you were trying to make.
Ok, since you don't get it, please think about these:
- who maintains those servers
- who does the backup and where do you store it
- who monitors those servers
- who maintains the blacklists, spam rules, etc.
- who creates mailboxes and how
- how fast can support react to support tickets, such as password resets or lost emails recovery
- who pays for the power and cooling of those several nice machines, and how much is it
- what about physical security for those machines
- where is the DNS that allows a smooth failover and how do you address webmail failover
- what kind of link do you maintain between your on-site servers and your cloud server, and how much does it cost (I'm assuming vpn)
- what is your DR strategy if you lose your nice servers? because then you've got a spof
- from which budget are you going to take $15k upfront since you'll also have monthly fees for the same service
Besides the fact that the building burning down is an extreme scenario (as opposed to common ones like power failure, hardware failure, theft, internet connection issues, blacklisting of the outbound IP following a malware incident, etc). your approach also only works if the company has:
- someone on-site 24x7 and costs nothing
or
- someone who is available within minutes 24x7 for a ridiculously low fee
See, that's the point with using cloud providers for commodity computing (such as email). Google or Microsoft (and now Amazon) are the ones dealing with all those issues and they're better equipped than some local guy and his 2 servers running in a closet. You can't compete with them, not at this price. Otherwise that's like thinking that running your own power plant is more cost-effective than being connected to the grid.
Move on. There's plenty of areas even in IT infrastructure where the cloud providers can't compete at an acceptable price (ex: anything that requires a lot of memory or cpu), but email is not one of them.