First off, what is a fixed-income person anyway? Is it someone that never worked or retired at 55 and is living off Social Security benefits? Is it someone that refuses to convert hard fixed assets to income-producing assets? Is it someone capable of going-back to work but doesn't want to?
Secondly, numerous posters have reminded us that basic savings rates beat inflation year-over-year for the last 25 years. Who says they can't bank it in savings, beat inflation and pocket the extra return? Why do the they have to spend the money? Will they die if they don't spend it?
I don't want to offend you, but you are really confused about how the economics of money work (at least in the US). I highly recommend an introductory Economics class.
By administration I assume you mean the executive branch of the government. The executive branch of the government does not dictate the amount of money in the US money supply. The money supply is determined primarily by the national wealth and the gross national product (among other factors). Printed money (M1) actually represents less than 20% of money in the entire money supply. The total money supply (M1 + M2 + M3) is a function the national wealth and the gross national product. M2 and M3 are what are "managed" by the Federal Reserve system. The Federal Reserve and its member banks reviews statistics of GNP, determines the appropriate amount of M2 and M3 money that should be made available to member banks and then buys and sells government debt on behalf of the member banks to approximate that specific amount of M2 and M3 money. Interest rates and federal funds rates are merely the tools to regulate the amount of M2 and M3 made avaible to member banks. The executive branch is limited in how they may influence the Fed's money supply decision-making.
Congress (the US legislative branch) on the other hand authorizes the selling and purchasing of US debt to facilitate expenditures and the financing of US debt. Congress authorizes the creation of debt which directly effects the amount of money in the money supply.
...(Note to self) Be sure to write federal grant application for vintage supercomputer research project instead of throwing crap computers into neighborhood Applebee's dumpster.
...in the article where it says that it can do what a $2M supercomputer does. Where in the article does it say anything about running an actual app (of any kind)?
The reality is that we have this same 'novel' kind of server configuration commercially available today and it's called a fully-stocked blade enclosure.
I'd rather see a successful use of $2M in tax dollars than 1000 instances of a waste of $2000s in tax dollars. A waste of tax dollars is a waste of tax dollars. This will inspire every university in the country to go repeat the same waste.
I once walked three miles home from school in a blinding snow storm using a home-made GPS system I developed using a base-2 Egyptian abacus, compass and broken protractor.
I'll take Indiana over 95% of the rest of the USA. It's a beautiful place to live, especially in the south. Rolling hills, forests, lakes, caves, wildlife, it beats the city any day.
This is easily the most lame flame war I have ever read on slashdot.org.
I wonder if you morons ever watch Norm Abrams on New Yankee Wood Shop. You should check it out once in a while. Norm shows something about craftmanship that I think every IT guy should know. Norm uses a table saw for rough cuts, mitre saws for angular cuts, and jig saws for round cuts. The point is: Norm uses the right tool for the right task.
Programming software is very much like woodworking, you get what you pay for (fine hardwood funiture or cheap composite crap). The reality is, if you code for a legitimate private-sector business (ie. not a subsidized public-sector boondoggle), nobody gives a crap about elegant code. It either works or doesn't work. Nobody before you or after you really gives a crap about elegance.
If you are smart, you know your tool well. If you are even smarter you know your known and use your competitor tools as well. All the other talk about which tool is better is syncophantic BX.
Come on morons: real men program in Assembler.
I have enjoyed slashdot.org for a few years now and (easily) this is the lamest thread ever. What starts out as a profound but ridiculously irrelevant discussion on the value of math in modern computing is degraded down into a childish catfight on which programming language is more manly.
This is the dangerous prodigy of the fuzzy math backers. Fuzzy math/logic works until the code goes to production.
If you have the "joy" of working with software developers, here's a simple test of the "no math" theory: two months before their latest project goes to production, ask them what type of hardware is needed to support their software. Five will get you ten they will come back with something wildy over or under sized.
...since when did the federal government become sugar daddy to the university research world. Its crazy that we, as Americans, have come to accept the financing of every crackpot research project vis-a-vis the Federal Treasury. Why is it that every university in America finds it absolutely imperative to bankrupt the country on crazy ideas?
Why is it so remarkable that a scientist has to go to the private sector for money ?
Slashdot Mirror
First off, what is a fixed-income person anyway? Is it someone that never worked or retired at 55 and is living off Social Security benefits? Is it someone that refuses to convert hard fixed assets to income-producing assets? Is it someone capable of going-back to work but doesn't want to? Secondly, numerous posters have reminded us that basic savings rates beat inflation year-over-year for the last 25 years. Who says they can't bank it in savings, beat inflation and pocket the extra return? Why do the they have to spend the money? Will they die if they don't spend it?
I don't want to offend you, but you are really confused about how the economics of money work (at least in the US). I highly recommend an introductory Economics class.
By administration I assume you mean the executive branch of the government. The executive branch of the government does not dictate the amount of money in the US money supply. The money supply is determined primarily by the national wealth and the gross national product (among other factors). Printed money (M1) actually represents less than 20% of money in the entire money supply. The total money supply (M1 + M2 + M3) is a function the national wealth and the gross national product. M2 and M3 are what are "managed" by the Federal Reserve system. The Federal Reserve and its member banks reviews statistics of GNP, determines the appropriate amount of M2 and M3 money that should be made available to member banks and then buys and sells government debt on behalf of the member banks to approximate that specific amount of M2 and M3 money. Interest rates and federal funds rates are merely the tools to regulate the amount of M2 and M3 made avaible to member banks. The executive branch is limited in how they may influence the Fed's money supply decision-making.
Congress (the US legislative branch) on the other hand authorizes the selling and purchasing of US debt to facilitate expenditures and the financing of US debt. Congress authorizes the creation of debt which directly effects the amount of money in the money supply.
...(Note to self) Be sure to write federal grant application for vintage supercomputer research project instead of throwing crap computers into neighborhood Applebee's dumpster.
The reality is that we have this same 'novel' kind of server configuration commercially available today and it's called a fully-stocked blade enclosure.
I'd rather see a successful use of $2M in tax dollars than 1000 instances of a waste of $2000s in tax dollars. A waste of tax dollars is a waste of tax dollars. This will inspire every university in the country to go repeat the same waste.
Two words: wireless and dish.
Noone cares if you can't get GigE delivered to someone's sofa in BFE South Dakota, BFE New Hamphire, etc.
Forest...trees...blah,blah, blah.
I once walked three miles home from school in a blinding snow storm using a home-made GPS system I developed using a base-2 Egyptian abacus, compass and broken protractor.
Are you truly an idiot or do you work for the relevant parties (ChaCha or the IU president)?
For an additional undetermined sum, Pure Hacking will offer an ambiguous and nefarious fix for the vulnerability.
This is easily the most lame flame war I have ever read on slashdot.org.
I wonder if you morons ever watch Norm Abrams on New Yankee Wood Shop. You should check it out once in a while. Norm shows something about craftmanship that I think every IT guy should know. Norm uses a table saw for rough cuts, mitre saws for angular cuts, and jig saws for round cuts. The point is: Norm uses the right tool for the right task.
Programming software is very much like woodworking, you get what you pay for (fine hardwood funiture or cheap composite crap). The reality is, if you code for a legitimate private-sector business (ie. not a subsidized public-sector boondoggle), nobody gives a crap about elegant code. It either works or doesn't work. Nobody before you or after you really gives a crap about elegance.
If you are smart, you know your tool well. If you are even smarter you know your known and use your competitor tools as well. All the other talk about which tool is better is syncophantic BX.
Come on morons: real men program in Assembler. I have enjoyed slashdot.org for a few years now and (easily) this is the lamest thread ever. What starts out as a profound but ridiculously irrelevant discussion on the value of math in modern computing is degraded down into a childish catfight on which programming language is more manly.
Please. The F-bomb over VB? Truly this must be an indignation for you. I hope you get over it.
This is the dangerous prodigy of the fuzzy math backers. Fuzzy math/logic works until the code goes to production. If you have the "joy" of working with software developers, here's a simple test of the "no math" theory: two months before their latest project goes to production, ask them what type of hardware is needed to support their software. Five will get you ten they will come back with something wildy over or under sized.
...since when did the federal government become sugar daddy to the university research world. Its crazy that we, as Americans, have come to accept the financing of every crackpot research project vis-a-vis the Federal Treasury. Why is it that every university in America finds it absolutely imperative to bankrupt the country on crazy ideas?
Why is it so remarkable that a scientist has to go to the private sector for money ?