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User: hedwards

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Comments · 12,373

  1. Re:Easy fix on Prosecutors Request Closed Courtroom For Goldman HFT Programmer's Trial · · Score: 1

    It's a problem. They make money on the system by buying with knowledge of what the price will be in the future. Knowledge which isn't freely available or exploitable by others. And when they screw it up it hurts everybody else as well.

    Not sure how exactly that isn't a problem.

  2. Re:Unfair advantage on Prosecutors Request Closed Courtroom For Goldman HFT Programmer's Trial · · Score: 2, Informative

    Is it? The whole point of the trial was that a programmer is accused of stealing the code for a competitor. Presence of a competitor implies absence of a monopoly.

    No it doesn't. It implies that somebody wants to compete, it does not imply that they're already in the market.

  3. Re:Unfair advantage on Prosecutors Request Closed Courtroom For Goldman HFT Programmer's Trial · · Score: 1

    Not really, by the time you get it it's already obsolete. And good luck actually using the information as you have to be pretty much across the street using a computerized platform to make any use of it.

    It's basically just a fancy form of insider trading which the SEC hasn't felt like cracking down on yet. Back in the 20s they had a similar scam going. The price for tomorrows stocks would be provided to select brokers the day before. It's just now that the time interval is smaller than what it used to be. It's also not something which all exchanges allow.

  4. Re:Unfair advantage on Prosecutors Request Closed Courtroom For Goldman HFT Programmer's Trial · · Score: 1

    It's not a monopoly, but it is a form of insider trading. Why the SEC isn't all over them for it is beyond me. They use the HFT in order to place trades during the window of time after they find out what the next price is and before the public does. Allowing them to place these very fast trades which guarantee them profit each time.

  5. Re:Can't quite put my finger on it.... on Prosecutors Request Closed Courtroom For Goldman HFT Programmer's Trial · · Score: 1

    Sure they did. Who else was it that was dealing in the derivatives market? The market for which dwarfed the entirety of the US economy for the next 40 years or so. If it wasn't the investment bankers, then who the fuck was orchestrating the whole thing?

    600,000,000,000,000?

  6. Re:There is a good chance code will be revealed on Prosecutors Request Closed Courtroom For Goldman HFT Programmer's Trial · · Score: 0, Flamebait

    That's bullshit. As opposed to the status quo where their HFT platform allows them to fleece individual investors by buying shares that they know will go up. I mean not that they expect to go up, but what what the price will be in the near future.

    Goldman Sachs is the sort of scum that needs to be run out of the country by any means necessary.

  7. Re:Anybody remember if... on For Firefox 4, You'll Need To Wait Until 2011 · · Score: 1

    Why would you need a 64-bit native browser? For some application having that makes sense, but for a browser it's pretty much completely downsides. The only reason I can think of is if your on a platform where using 32-bit binaries with a 64-bit OS is broken, and that's hardly a Firefox problem.

  8. Re:When it's done on For Firefox 4, You'll Need To Wait Until 2011 · · Score: 1

    Not really, they were delayed by years after having allowed their platform to lag behind the competition and mysteriously still didn't manage to crush the bugs. As opposed to Firefox which is generally ahead of the curve and is delaying to fix the bugs.

  9. Re:Oh, just great on Researchers Find a 'Liberal Gene' · · Score: 1

    I c wut you did thar.

    Actually, you couldn't possibly be more wrong there. Keynes was talking about a situation where there was no spending going on and correcting it through government spending. What we had here was the case where the credit market was completely dried up. As in there was a huge sell off and the banks were putting the money in their mattress as a proxy for the consumers doing it.

    In order to thaw the credit market, the US government had to spend money to make it attractive to invest and issue guarantees by way of loans and low interest rates in order to thaw the credit market.

    As for health insurance, good luck with that. I got sick earlier in the year without insurance I would've been stuck for nearly 18k in medical bills. The health care bill goes a long ways towards forcing health insurance companies to fix their ways, but it's hardly perfect. But unless the cost of health care goes down to the point where everybody can afford to pay for all scenarios out of pocket there's going to be a need for insurance, and the conservatives seem to think that letting it get further out of hand is the solution.

  10. Re:Oh, just great on Researchers Find a 'Liberal Gene' · · Score: 1

    I wouldn't be surprised by that. Most of what passes for conservativism in the US is really just a veiled attempt at unevening the playing field in their direction. The liberals at least are trying to make things more even.

    Which is probably where that conclusion comes from, conservatives might spend more time with people, though that's debatable, but they definitely express less interest in the well being of others that aren't a part of their clique.

  11. Re:Translation Please on Microsoft Charging Royalties For Linux · · Score: 1

    I'm guessing that normally the royalties would be included in the cost of licensing the firmware.

  12. Re:It's been worse... on British Airways Chief Slams US Security Requests · · Score: 1

    The only problem with that is that the gutless cowards still outnumber the people with more reasonable views and the paranoid combined. Remember Democracy is the greatest tool ever devised to ensure that the people are governed no better than they deserve, to paraphrase things a bit.

  13. Re:Put your money where your mouth is? on British Airways Chief Slams US Security Requests · · Score: 1

    It's cumulative. It was bad enough flying when it was mostly just the airline industry with their cramped seats and poor service. But now that you have to put up with being assaulted and violated sexually before getting on board, I'm not flying either.

    It used to be that a person was secure in their homes, papers and persons unless there was a warrant issued on probably cause, these days it's more like because they haven't had a chance to try out their new anal probe 5000.

  14. Re:US doesn't know how to handle terrorism. on British Airways Chief Slams US Security Requests · · Score: 1

    Profiling doesn't work. Anybody who says otherwise is either delusional or abusing it in some fashion.

  15. Re:Take my hat off to the man on British Airways Chief Slams US Security Requests · · Score: 2, Funny

    It's a completely pointless thing to say. Whether or not the UK wants to go along or not, any plane entering American airspace has to follow our rules, or risk being taken down. Same goes for other nations as well, if you want your plane to go through their airspace you have to follow their rules. The French wouldn't allow us to fly our military planes through their airspace en route to Iraq for the first gulf war so we kind of had to route elsewhere.

  16. Re:No, it isn't. on The First Photograph of a Human · · Score: 2, Funny

    You are indeed, unless you've found somebody that's like 180 years old.

  17. Re:The Site that Brought you.... on MySpace Revamps Site To Recapture the Magic · · Score: 1

    There's always been whores, it's just now we're supposed to settle for sharing the same one and looking but not touching.

  18. Re:Gen Y? on MySpace Revamps Site To Recapture the Magic · · Score: 1

    More like 10-20 year olds. I remember going over to my friend's house in the midish 90s and seeing compuserve. IIRC we even spent a couple minutes on the internet and he explained how much better it was than compuserve.

    IIRC I was almost driving age at that point. By the time we got the net a while later, it was still way before most people were using it.

  19. Re:Too late. on MySpace Revamps Site To Recapture the Magic · · Score: 1

    I'm guessing it's shitter. A filter of twitter which filters out anything that isn't related to the restroom. Also Jersey Shore.

  20. Re:Name fail on MySpace Revamps Site To Recapture the Magic · · Score: 1

    It's kind of annoying that previously there wasn't a lot of question that somebody that was born in 1980 was Gen X. And now all of a sudden journalists have changed their minds.

    Mapping generation boundaries is tricky business and there isn't really an absolute. But if you were born during the Carter administration, when your parents were expecting to get you a small pox vaccination, I think that's gen X.

    So much of what folks cite as Gen Y life experience just doesn't apply until you were born in at least 1982 or so.

  21. Re:Isn't this universal? on Information Rage Coming Soon To an Office Near You · · Score: 1

    Which is what's so great about working Mondays, Fridays and holidays. I'd much rather work when others aren't, it's so much easier to get things done.

  22. Re:Constant e-mail bombardment (aka signal to nois on Information Rage Coming Soon To an Office Near You · · Score: 1

    Indeed. Depending upon the job checking the email a couple times a day, or possible hourly is usually enough. The real problem with it though is getting other people on the same page as to what is and is not an emergency. Some idiots flag every email they send as urgent.

  23. Re:I call shenanigans on Information Rage Coming Soon To an Office Near You · · Score: 1

    I'd still be at my last job if my company handled it like that. Because there'd be a paper trail and they wouldn't be able to claim that they said something they didn't. Ultimately, I walked out the door when it became obvious that nobody with any authority was ever going to own up to having said something or made promises.

  24. Re:Agree with Parent on Information Rage Coming Soon To an Office Near You · · Score: 2, Insightful

    Precisely. It's the job of management to take away work when there's too much of it and assign it to somebody else. In the case where there isn't anybody else who has the time to do it, then they need to either hire somebody else or prioritize.

    Some workers are genuinely lazy, but more often what's going on is that management is trying to make due with less in the way of employees than is really necessary to do the job and fails or refuses to adjust the workload.

  25. Re:this is really a sad on NASA To Auction Automated Code Generation Patents · · Score: 1

    If they'd just accept Jesus as their lord and savior and quit trying to study global warming for any purpose other than disproving it they could have their money back.