The thing is, if you deposit say $1 into your account, then they can loan you $10. $9 was created out of thin air, as AC rightly surmises.
Negative.
If you loan me $9 and I go to buy a car of of Frank for $9, Frank will cash that cheque, so the money has to come from somewhere. The false belief that loans create money from nothing is why the sub prime crisis happened. When a bank or other financial institution lends me money to buy a car, that money is backed up by the assets that lending institution, I.E. my bank says "this cheque represents $9 of our corporate HQ building" which would be a brick or two. The big problem the sub prime crisis had was that liquid assets were insufficient to cover the credit they lent out. An institution does not need to have a 1:1 cash to credit ratio, but it needs to be high enough to ensure they can meet their commitments (I.E. Frank cashing that cheque for the car). Australia didn't suffer a sub prime crisis because, under Australian law banks were required to maintain a certain percentage of liquidity.
LOL. What the French revolution actually resulted in was a Europe wide change in the systems of laws, the empowerment of the middle classes, and a lot more social justice in the long term. It took the whole 19th century, and repeated revolutions in many countries for the full change to take effect.
Britain was the only successful hold out among the major European nations, and guess which country still has a class system and an idiosyncratic common law system to this day?
Blaming the French revolution for Napoleon doesn't do it justice. The French revolution caused so much, much more than just a short lived French Empire. And thank God for that.
Right, learn some history.
England empowered the middle classes in the 1700's after the Glorious Revolution of 1688 that changed England from an absolute monarch to a constitutional (representative) monarch and reinstated a lot of the religious tolerance of King James I that were reversed by King James II. During this time a Bill of RIghts in England was established. This bill of rights ended any moves towards a catholic monarchy and an absolute monarch as the political system in England moved permanently to a parliamentary system.
Holland and the Nordic nations were also very liberal around this time. France, Spain and modern day Italy maintained absolute religious monarchs. It took France an entire century to catch up to England in terms of freedom for middle and lower classes and it was extremely bloody and just resulted in an Emperor being propped up. France did not cause any of the things you said, representative governments were all over Europe by 1788, France was playing catch up.
Further more, the French revolutions were not a clean transition to democracy as you are trying to make out. I suggest you start reading up on the Reign of Terror. During this time an estimated 40,000 French were put to death, few of which were aristocrats, many were executed for being members of opposing political parties. France didn't settle into a democracy until after the Napoleonic wars.
Go back and learn your history instead of making it up.
He has an independently verified medical condition which makes him a high-risk for suicide. That doesn't make him innocent of his crimes; if you'd bother to read the article you'd see his case is now under consideration for prosecution in the UK.
This has stopped his extradition, not him being liable for his actions.
His "crime" was guessing the password on a US govt site.
The only "criminal" in this case is the negligent person who put in an easy to guess password (criminal negligence, in case you didnt get the pun.).
First off, thanks for taking the time to read the full post and actually understand what I was saying.
But from a normal _consumers_ point of view, in some countries, it is _effectively_ a walled garden, as the hardware is locked down by the carrier because of the open platform which makes it easy for them.
This is not the point I'm contesting, off course it's a walled garden to the end user.
But the garden is not Android's doing, it's AT&T's doing.
Clearly you read and understood that before deciding to label me a fanboy.
Yes, a fine against the police department will certainly show them! Oh wait.. isn't it the taxpayers who pay for their budget... sooo, wouldn't that mean the taxpayers will wind up paying for this?
Yes, an organisation that collects fines for the taxpayer has levied a 12,000 pound fine against an organisation that is funded by the taxpayer.
The greater Manchester police will now have to apply for additional (taxpayer) funding to cover the additional cost of paying a fine to the taxpayers.
All of this should have been explained in the documentary Yes Minister.
From Wikipedia:
"The French Revolution (French: Révolution française; 1789–1799), was a period of radical social and political upheaval in France that had a major impact on France and throughout the rest of Europe. The absolute monarchy that had ruled France for centuries collapsed in three years. French society underwent an epic transformation, as feudal, aristocratic and religious privileges evaporated under a sustained assault from radical left-wing political groups, masses on the streets, and peasants in the countryside. Old ideas about tradition and hierarchy – of monarchy, aristocracy, and religious authority – were abruptly overthrown by new Enlightenment principles of equality, citizenship and inalienable rights."
Now, do you think that the upheaval of the aristocracy was sugar cookies and lemonade for the economy of France? What about all the merchants employed by the Aristocracy? How evil of those revolutionaries to do such a thing to the Aristocracy because it affected merchants!
The French revolutions resulted in the absolute monarch being replaced by an absolute despot (Napoleon). It took a representative monarch (Britain) to fix it... Twice because the bloody French let the bastard out of Elba.
Apple is like a supermodel. It (she) may be flawed, but nerds will always come back for more.
Microsoft is like the eldest daughter. The king has to pay some schmuck to marry her (so the knight in shining armor can sweep the hot younger sister away).
Apple is like an ordinary girl who thinks she's a supermodel. Not that hot but has a terrible attitude, (princess/superiority complex). You pretty much cant ask her to do anything without a huge argument.
Microsoft is the girl with a serious self esteem problem. May not be good looking but wont say no to anything you want.
Linux is like a girl from SE Asia. Good attitude, good looks and reliable but occasionally can be very hard to understand.
The fact that Apple is very strict (not talking about the mature content thing which I find ridiculous) regarding how an app should behave or designed, makes that a lot of apps are easier to use because the learning curve is low. You don't need to learn things over & over again. Hence the reason - and imho correct - that a lot of users find it a more user friendly platform.
IOS is not an easier platform to learn, there's just less to learn. A user, even an average user will run into the "No, Apple says you cant do that" wall very quickly. Less functionality does not equal easier. Just look at the difference between going from a web browser to the SMS application on IOS and Android, it's faster and easier on Android
So people will be restricted in what they can do, this was fine when it was just a phone with a basic web browser but as people start to use phones for more complex purposes these restrictions become a serious issue. This is the inherent flaw in the concept of a walled garden.
Fortunately this is a self correcting problem. Android is competing against IOS and quite successfully, as people become constrained by Apple's inflexible nature they will move away from Apple's platform. The only thing Apple has in their favour is the fact they have convinced users to spend a lot of money in their ecosystem creating a (psychological) barrier to exit. This is also self correcting as people overcome the sunk cost fallacy. If Microsoft creates the same restrictive environment they will suffer from the same problem (minus the financial disincentives to leaving).
Windows games aren't competing against Xbox. Try getting something like Civ or Supreme Commander playable on an Xbox (cluebat: you cant and THQ ruined the Sup Com series by trying).
Windows 8 for gamers is competing against Windows 7. If Windows 8 sucks for gamers, we'll stick to Win 7. If MS doesn't get the message we'll end up moving to Linux (mac is a non starter due to paying $1500 for a machine with a 5400 RPM HDD and Intel GMA) as Valve is already looking at a Linux version of Steam. Restricting games on Windows will simply be shooting themselves in the foot... Which MS is very capable of doing.
I actually have seen the 'Walled Garden' in action. I had to root my brother's phone when he found out that AT&T had removed the option to allow 3rd party app installs.
How is this Android "walled garden"?
I have a GNex (bought outright) on Telstra (Australia), previously I've had a HTC Dream, Moto Milestone and HTC Desire Z (all bought outright) and I've never seen the restrictions you speak of.
You even said that the restrictions disappeared when he installed CM9 which would indicate it's not Androids "walled garden" but AT&T's "walled garden".
A man drives into a petrol station in Bradford. He turns to the attendant and ask, "can I get some petrol". The attendant replies, "we have no petrol". "OK then, can I get some oil". "We have no oil". "What about some windscreen wiper blades" "OK, this isn't a petrol station, it's a front for Al-Quieda" "Can you blow up my tyres".
The Nepali calendar is currently in 2069, which explains their ongoing moon colonisation and widespread use of quantum computers to solve protein folding problems and cure cancer. Nice argument, well done.
The Thai calendar is in the mid 2550's. This explains the recent experimentation in time travel. However this was only used to go back to this morning to get more Som Tam from a noodle cart.
In some countries, including Turkey, Mexico, Chile, and Argentina, the film was banned or censored for several years. As of July 2010, the movie continues to be banned in Chile, the Philippines and Singapore.[6]
Monty Python's Life of Brian was banned in Ireland for 8 years and Norway for 1 year.
The list of high profile Church leaders insulted by the Life of Brian is probably longer than the The Last Temptation of Christ and Innocence of Muslims put together. Life of Brian is now considered a cultural treasure (although I highly doubt Innocence of Muslims will every be considered anything more than a poorly made troll).
Now now, "high-end" is too strong of a word for what apple makes. They send expensive boutique computers with a generous markup, but the hardware is far from high-end.
A few years ago I would have agreed with you, but thinks like the iPad 3's screen or the Retina MBP were pretty unrivaled when they were released. In return, you get gouged pretty good on things like RAM or storage upgrades that are bog standard tech.
No, a high res screen does not make them "unrivalled".
We gave a GIS (mapping) application running on Ipad and Android. The Ipad may have more resolution but the layers are put together client side (this is so we can update a layer without updating the entire map image) and the 1 year old Acer Iconia is 3-5 faster than the brand new Ipad 3. Screen resolution is a gimmick to disguise the fact that it cant do real gruntwork.
It's the same with the MBP's, My sub $900 Asus has several times the power of the MBP due to having a dedicated Geforce 640m. As a gamer, a nice screen is important but it's completely useless if I have to run it at 1200x800 because the $2000 laptop runs an Intel GMA.
BTW, when it comes to phones I prefer the battery life I get out of the AMOLED on by GNex.
Which authority amounts to pretty much zero unless those nations decide otherwise. The British Monarchy is something of an enormous LARP.
I beleive the correct term is "figurehead"
I don't expect non British/commonwealth to understand but the Queen is a leader we can point at and not be ashamed of (mainly due to the fact that she does nothing of note besides charity events and Christmas speeches).
For one thing in 1776 the UK Military was not #1 in the world. They had virtually no standing Army, and most of India was still under the Mughals. That's why they needed the Hessians. The Royal Navy was top of the line, but the Army basically didn't exist.
This,
In 1776 the colonial militia was the army in the American colonies. Back in the 18th century they would raise armies as needed rather than keep professional soldiers on payroll. The force that made England powerful was the Navy which was did keep professional sailors on pay during times of peace but the Navy's main purpose wasn't warfare, it was trade. In the Napoleonic war a soldier was a farmer or worker who was given a guinea (gold coin worth 1 pound and 5 pence in 1800) to sign up and received enough training to stand in a line and fire a musket.
For another you're ignoring the fact that the colonists actually had the resources to create an Army strong enough to resist the Brits. The OP was exaggerating with implying you need more actual troops on the day you declare independence, but his main point is sound. If you can't protect your country you don't have a country, period.
And this,
A successful armed revolution not only requires an army, but a regular supply of arms, ammunition, fuel, war materials and most importantly, new recruits.
Basically Windows 9 will have a "move to tablet" feature where you can move whatever your doing into a connected Android tablet (possibly even a WP8 tablet for the 3 or 4 people who bought them).
You could do that now over wifi and/or bluetooth. It wouldn't be any different than my tabletless setup at home -- two PCs cabled into a router, a notebook connecting with wifi, and a bluetooth dongle on the Linux PC to get pictures and sound from the phone. It didn't take anything to set up and works flawlessly. (The notebook is W7, one tower XP and the other tower kubuntu).
Quite true, but I meant integrated into the UI out of the box (I.E. in the right click context menu).
A 2007 Hyundai Elantra with 50,000 miles in very good condition has a private party blue book in excess of $8,000. While I could (though would not want to) finance it, I most certainly don't have $8,000 sitting around doing nothing to frivolously spend on an underpowered and unenjoyable Korean sedan.
80,000 KM for a 5 year old car is really at the bottom of the range, 100,000-120,000 is more realistic. 60,000 KM is basically a new car.
And lets be honest, the kind of person who buys a Hyundai Elantra would not have kept them in good cond.
No, he made a useful analogy and a very accurate prediction. Apple is now the most valuable company in the world due to its post PC devices.
Oh and in case you didn't notice, GM and Chrysler had to be bailed out because they focused to hard on trucks.
Nope, much like most of Job's analogies, this one was terrible.
Also when most of the world hears "truck" we think of something with more than 2 axles.
My gaming PC is like my Integra, fast, sleek, pretty, 0-100 in 6 seconds and handles like an absolute dream. This is like telling me there's no market for high powered sports coupe's because the 1.4L Toyota Camry exists.
Bollocks I say, although Honda is no longer making Integras, Nissan is still selling truckloads of 370 GT's (OK, considering you can fit one, maybe two 370 GT's on a truck this may not be the best choice of words). Toyota have just introduced the 86 (pronounced "eight six") at the low end (A$32K), a sports coupe competing a the same price point hot hatches, average sedans and weak SUV's. Right now, you cant find a new 86 in Oz for love or money.
My desktop PC is like an Integra, I find Ipad's to be like a Peewee 50.
Slashdot Mirror
"It's all a conspiracy by the jews and crusaders! "
Are you really trying to suggest that the Israeli/USA sanctions regime has nothing to do with Iran's currency problems?
No, he's trying to imply it's secret.
The thing is, if you deposit say $1 into your account, then they can loan you $10. $9 was created out of thin air, as AC rightly surmises.
Negative.
If you loan me $9 and I go to buy a car of of Frank for $9, Frank will cash that cheque, so the money has to come from somewhere. The false belief that loans create money from nothing is why the sub prime crisis happened. When a bank or other financial institution lends me money to buy a car, that money is backed up by the assets that lending institution, I.E. my bank says "this cheque represents $9 of our corporate HQ building" which would be a brick or two. The big problem the sub prime crisis had was that liquid assets were insufficient to cover the credit they lent out. An institution does not need to have a 1:1 cash to credit ratio, but it needs to be high enough to ensure they can meet their commitments (I.E. Frank cashing that cheque for the car). Australia didn't suffer a sub prime crisis because, under Australian law banks were required to maintain a certain percentage of liquidity.
LOL. What the French revolution actually resulted in was a Europe wide change in the systems of laws, the empowerment of the middle classes, and a lot more social justice in the long term. It took the whole 19th century, and repeated revolutions in many countries for the full change to take effect. Britain was the only successful hold out among the major European nations, and guess which country still has a class system and an idiosyncratic common law system to this day?
Blaming the French revolution for Napoleon doesn't do it justice. The French revolution caused so much, much more than just a short lived French Empire. And thank God for that.
Right, learn some history.
England empowered the middle classes in the 1700's after the Glorious Revolution of 1688 that changed England from an absolute monarch to a constitutional (representative) monarch and reinstated a lot of the religious tolerance of King James I that were reversed by King James II. During this time a Bill of RIghts in England was established. This bill of rights ended any moves towards a catholic monarchy and an absolute monarch as the political system in England moved permanently to a parliamentary system.
Holland and the Nordic nations were also very liberal around this time. France, Spain and modern day Italy maintained absolute religious monarchs. It took France an entire century to catch up to England in terms of freedom for middle and lower classes and it was extremely bloody and just resulted in an Emperor being propped up. France did not cause any of the things you said, representative governments were all over Europe by 1788, France was playing catch up.
Further more, the French revolutions were not a clean transition to democracy as you are trying to make out. I suggest you start reading up on the Reign of Terror. During this time an estimated 40,000 French were put to death, few of which were aristocrats, many were executed for being members of opposing political parties. France didn't settle into a democracy until after the Napoleonic wars.
Go back and learn your history instead of making it up.
Even a stopped clock gets it right twice a day.
Tell that to my Casio, I'll let you know when it gets to 88:88.
He has an independently verified medical condition which makes him a high-risk for suicide. That doesn't make him innocent of his crimes; if you'd bother to read the article you'd see his case is now under consideration for prosecution in the UK.
This has stopped his extradition, not him being liable for his actions.
His "crime" was guessing the password on a US govt site.
The only "criminal" in this case is the negligent person who put in an easy to guess password (criminal negligence, in case you didnt get the pun.).
This is not the point I'm contesting, off course it's a walled garden to the end user.
But the garden is not Android's doing, it's AT&T's doing.
Clearly you read and understood that before deciding to label me a fanboy.
Yes, an organisation that collects fines for the taxpayer has levied a 12,000 pound fine against an organisation that is funded by the taxpayer.
The greater Manchester police will now have to apply for additional (taxpayer) funding to cover the additional cost of paying a fine to the taxpayers.
All of this should have been explained in the documentary Yes Minister.
Moto Milestone
I had that phone too. We should start a support group or something. Worst tech purchase I ever made.
I loved it, great phone, shit support from Motorola... Which is why I purchased a HTC Desire Z.
From Wikipedia:
"The French Revolution (French: Révolution française; 1789–1799), was a period of radical social and political upheaval in France that had a major impact on France and throughout the rest of Europe. The absolute monarchy that had ruled France for centuries collapsed in three years. French society underwent an epic transformation, as feudal, aristocratic and religious privileges evaporated under a sustained assault from radical left-wing political groups, masses on the streets, and peasants in the countryside. Old ideas about tradition and hierarchy – of monarchy, aristocracy, and religious authority – were abruptly overthrown by new Enlightenment principles of equality, citizenship and inalienable rights."
Now, do you think that the upheaval of the aristocracy was sugar cookies and lemonade for the economy of France? What about all the merchants employed by the Aristocracy? How evil of those revolutionaries to do such a thing to the Aristocracy because it affected merchants!
The French revolutions resulted in the absolute monarch being replaced by an absolute despot (Napoleon). It took a representative monarch (Britain) to fix it... Twice because the bloody French let the bastard out of Elba.
"I have no sympathy for the man, but the internet is a kangaroo court."
That is an insult to Kangaroos..
The internet is a unruly mob distracted by the latest shiny.
Like a Kangaroo staring into your headlights?
The biggest difference is I'm not likely to drive my car into a stunned internet.
Apple is like a supermodel. It (she) may be flawed, but nerds will always come back for more.
Microsoft is like the eldest daughter. The king has to pay some schmuck to marry her (so the knight in shining armor can sweep the hot younger sister away).
Apple is like an ordinary girl who thinks she's a supermodel. Not that hot but has a terrible attitude, (princess/superiority complex). You pretty much cant ask her to do anything without a huge argument.
Microsoft is the girl with a serious self esteem problem. May not be good looking but wont say no to anything you want.
Linux is like a girl from SE Asia. Good attitude, good looks and reliable but occasionally can be very hard to understand.
The fact that Apple is very strict (not talking about the mature content thing which I find ridiculous) regarding how an app should behave or designed, makes that a lot of apps are easier to use because the learning curve is low. You don't need to learn things over & over again. Hence the reason - and imho correct - that a lot of users find it a more user friendly platform.
IOS is not an easier platform to learn, there's just less to learn. A user, even an average user will run into the "No, Apple says you cant do that" wall very quickly. Less functionality does not equal easier. Just look at the difference between going from a web browser to the SMS application on IOS and Android, it's faster and easier on Android
So people will be restricted in what they can do, this was fine when it was just a phone with a basic web browser but as people start to use phones for more complex purposes these restrictions become a serious issue. This is the inherent flaw in the concept of a walled garden.
Fortunately this is a self correcting problem. Android is competing against IOS and quite successfully, as people become constrained by Apple's inflexible nature they will move away from Apple's platform. The only thing Apple has in their favour is the fact they have convinced users to spend a lot of money in their ecosystem creating a (psychological) barrier to exit. This is also self correcting as people overcome the sunk cost fallacy. If Microsoft creates the same restrictive environment they will suffer from the same problem (minus the financial disincentives to leaving).
Go buy an XBox if you want to play games.
Windows games aren't competing against Xbox. Try getting something like Civ or Supreme Commander playable on an Xbox (cluebat: you cant and THQ ruined the Sup Com series by trying).
Windows 8 for gamers is competing against Windows 7. If Windows 8 sucks for gamers, we'll stick to Win 7. If MS doesn't get the message we'll end up moving to Linux (mac is a non starter due to paying $1500 for a machine with a 5400 RPM HDD and Intel GMA) as Valve is already looking at a Linux version of Steam. Restricting games on Windows will simply be shooting themselves in the foot... Which MS is very capable of doing.
How is this Android "walled garden"?
I have a GNex (bought outright) on Telstra (Australia), previously I've had a HTC Dream, Moto Milestone and HTC Desire Z (all bought outright) and I've never seen the restrictions you speak of.
You even said that the restrictions disappeared when he installed CM9 which would indicate it's not Androids "walled garden" but AT&T's "walled garden".
A man drives into a petrol station in Bradford.
He turns to the attendant and ask, "can I get some petrol".
The attendant replies, "we have no petrol".
"OK then, can I get some oil".
"We have no oil".
"What about some windscreen wiper blades"
"OK, this isn't a petrol station, it's a front for Al-Quieda"
"Can you blow up my tyres".
The Nepali calendar is currently in 2069, which explains their ongoing moon colonisation and widespread use of quantum computers to solve protein folding problems and cure cancer. Nice argument, well done.
The Thai calendar is in the mid 2550's. This explains the recent experimentation in time travel. However this was only used to go back to this morning to get more Som Tam from a noodle cart.
In some countries, including Turkey, Mexico, Chile, and Argentina, the film was banned or censored for several years. As of July 2010, the movie continues to be banned in Chile, the Philippines and Singapore.[6]
Monty Python's Life of Brian was banned in Ireland for 8 years and Norway for 1 year.
The list of high profile Church leaders insulted by the Life of Brian is probably longer than the The Last Temptation of Christ and Innocence of Muslims put together. Life of Brian is now considered a cultural treasure (although I highly doubt Innocence of Muslims will every be considered anything more than a poorly made troll).
Its got more memory than the Nexus 6... But whose memory does it have?
Aside from the planned obsolescence, the Nexus 6 was a killer.
Now now, "high-end" is too strong of a word for what apple makes. They send expensive boutique computers with a generous markup, but the hardware is far from high-end.
A few years ago I would have agreed with you, but thinks like the iPad 3's screen or the Retina MBP were pretty unrivaled when they were released. In return, you get gouged pretty good on things like RAM or storage upgrades that are bog standard tech.
No, a high res screen does not make them "unrivalled".
We gave a GIS (mapping) application running on Ipad and Android. The Ipad may have more resolution but the layers are put together client side (this is so we can update a layer without updating the entire map image) and the 1 year old Acer Iconia is 3-5 faster than the brand new Ipad 3. Screen resolution is a gimmick to disguise the fact that it cant do real gruntwork.
It's the same with the MBP's, My sub $900 Asus has several times the power of the MBP due to having a dedicated Geforce 640m. As a gamer, a nice screen is important but it's completely useless if I have to run it at 1200x800 because the $2000 laptop runs an Intel GMA.
BTW, when it comes to phones I prefer the battery life I get out of the AMOLED on by GNex.
Which authority amounts to pretty much zero unless those nations decide otherwise. The British Monarchy is something of an enormous LARP.
I beleive the correct term is "figurehead"
I don't expect non British/commonwealth to understand but the Queen is a leader we can point at and not be ashamed of (mainly due to the fact that she does nothing of note besides charity events and Christmas speeches).
For one thing in 1776 the UK Military was not #1 in the world. They had virtually no standing Army, and most of India was still under the Mughals. That's why they needed the Hessians. The Royal Navy was top of the line, but the Army basically didn't exist.
This,
In 1776 the colonial militia was the army in the American colonies. Back in the 18th century they would raise armies as needed rather than keep professional soldiers on payroll. The force that made England powerful was the Navy which was did keep professional sailors on pay during times of peace but the Navy's main purpose wasn't warfare, it was trade. In the Napoleonic war a soldier was a farmer or worker who was given a guinea (gold coin worth 1 pound and 5 pence in 1800) to sign up and received enough training to stand in a line and fire a musket.
For another you're ignoring the fact that the colonists actually had the resources to create an Army strong enough to resist the Brits. The OP was exaggerating with implying you need more actual troops on the day you declare independence, but his main point is sound. If you can't protect your country you don't have a country, period.
And this,
A successful armed revolution not only requires an army, but a regular supply of arms, ammunition, fuel, war materials and most importantly, new recruits.
50k miles, not kilometers.
Try doing the conversion on that.
Most of the world deals in KM's, it's not my fault you're a bit backwards. Also, it's Kilometres.
Basically Windows 9 will have a "move to tablet" feature where you can move whatever your doing into a connected Android tablet (possibly even a WP8 tablet for the 3 or 4 people who bought them).
You could do that now over wifi and/or bluetooth. It wouldn't be any different than my tabletless setup at home -- two PCs cabled into a router, a notebook connecting with wifi, and a bluetooth dongle on the Linux PC to get pictures and sound from the phone. It didn't take anything to set up and works flawlessly. (The notebook is W7, one tower XP and the other tower kubuntu).
Quite true, but I meant integrated into the UI out of the box (I.E. in the right click context menu).
You can't afford a five year-old Hyundai Elantra?
A 2007 Hyundai Elantra with 50,000 miles in very good condition has a private party blue book in excess of $8,000. While I could (though would not want to) finance it, I most certainly don't have $8,000 sitting around doing nothing to frivolously spend on an underpowered and unenjoyable Korean sedan.
80,000 KM for a 5 year old car is really at the bottom of the range, 100,000-120,000 is more realistic. 60,000 KM is basically a new car.
And lets be honest, the kind of person who buys a Hyundai Elantra would not have kept them in good cond.
No, he made a useful analogy and a very accurate prediction. Apple is now the most valuable company in the world due to its post PC devices.
Oh and in case you didn't notice, GM and Chrysler had to be bailed out because they focused to hard on trucks.
Nope, much like most of Job's analogies, this one was terrible.
Also when most of the world hears "truck" we think of something with more than 2 axles.
My gaming PC is like my Integra, fast, sleek, pretty, 0-100 in 6 seconds and handles like an absolute dream. This is like telling me there's no market for high powered sports coupe's because the 1.4L Toyota Camry exists.
Bollocks I say, although Honda is no longer making Integras, Nissan is still selling truckloads of 370 GT's (OK, considering you can fit one, maybe two 370 GT's on a truck this may not be the best choice of words). Toyota have just introduced the 86 (pronounced "eight six") at the low end (A$32K), a sports coupe competing a the same price point hot hatches, average sedans and weak SUV's. Right now, you cant find a new 86 in Oz for love or money.
My desktop PC is like an Integra, I find Ipad's to be like a Peewee 50.