124 posts • joined Thursday 18th June 2009 17:16 GMT
Re: I agree.
Unfortunately the majority of those who were very wealthy before the crisis are (relatively at least) better off than they were before. It is the slightly wealthy and the middle class who are paying.
Blair's got millions, Brown's doing the lecture circuit rather than acting as MP (his job!) and Balls is Shadow Chancellor. Those tasked with regulating the banks have mostly got jobs with banks now, some of those in the banks are now working as regulators...
The game is rigged, yet we play it anyway while turning a blind eye to those who are rigging it since those we ask to do something about it are eyeing up their own payoff in the near future.
Couple of problems...
Companies spend money lobbying government officials to grant a tax amnesty to onboard hoarded cash. Bribed officials accede.
Cash rich company buys its own shares rather than invests; share price spikes options and performance benefits to senior management go through the roof. Or, failing that, buys other companies to justify ever higher management salaries (it's a bigger company now, right?)
To maintain high share price and inflated P/E ratio (or profitability) company fires workers.
That's what happened last time.
"one less caterer, one less PR secretary, one less electrician, that could be your wife, girlfriend, brother being laid off"
Awesome, economic illiteracy and casual sexism thrown in just for laughs.
"Quite why the Whitehall bureaucrat should rush to the defence of a banker in his Docklands penthouse who is downloading torrents 24x7 remains a mystery."
Let's look at the other side:
Quite why the Whitehall bureaucrat should rush to the defence of a multi-billion dollar industry in order to quash some civil offences using criminal sanctions remains a mystery.
So a government that launches illegal wars, murders its own citizens without trial, tortures and indefinitely holds people, some of whom have been found innocent, is complaining because companies with a fiduciary duty to minimise tax are obeying the laws the politicians wrote?
Bet you the US gov. gets very interested in this
Deposits to poker (or any international gaming sites) by US citizens has been effectively barred by the US govt. strong-arming the credit card companies (VISA & Mastercard), will they do the same to Google?
Re: Second hand CDs...
Indeed, but my point, if I had one, was that it makes no difference to any rights holder if you download illegally or buy a second hand CD. So why would they prosecute you for downloading for free rather than paying £9.49 for something that nets them no benefit - obviously assuming there was no legal way to buy it in your region that would pay the artist or publisher.
Second hand CDs...
Make the label and the artist exactly the same amount as pirated music.
The license fees are sunk costs. Once the auction is over the operators work on a profit maximising pricing scheme in which sunk costs play no part - the prices will be the same if the license costs $500m or $1.
The only way round this is to have a beauty contest where the roll-out speed and pricing levels are part of the ranking process - which isn't exactly free-market...
Re: Oh, well...
Or 3 pints of bitter and 2 packets of peanuts?
Re: Point of fact
Except I can choose to travel on Arriva or use Centrica without having to pay for Virgin or EDF as well.
No, Wo's on first.
Wookies or Ewoks?
none of the traffic is visible to any of its staff
Great, how about governments, advertisers, bots, etc. etc.?
You deserve to go bust for this. RIP Nokia.
Re: Free as in "complimentary for paying customers"
I went to my local Punch tavern and shouted out, "Is Fibbles here, I need to buy him a beer!"
And was promptly ejected.
Re: Starting figures are well out
How many transport workers are in the public sector? Is it all those bus drivers on Arriva, the Virgin train staff, FirstRail?
Public sector is way too big, many of the tasks done by the local or national government should not be done by the state and those that are tend to be vastly overstaffed, targets focussed and have exceedingly perverse incentives.
"or how elegant its user interface is"
Business code has no user interface...
Everything else is marketing.
Until the next guy's daughter gets called a slut online and we're back to locking everyone up.
The law is an ass. Why doesn't the law specify this? Why do we have to (belatedly) rely on a touch of common sense when people have already been charged and the public generally scared into behaving in a manner the knobs think is becoming?
...distorts the market.
"includes the costs related to the human health effects of fossil fuel–caused air pollution"
This is one of the main points of a state, to ensure that the harm caused by A is borne by A and not passed on to B. Without this there are exceedingly perverse incentives and a severe misallocation of scarce resources resulting in sub-optimal use of resources and lower economic growth.
In a closed system maybe...
Unfortunately in the real world local companies cannot compete against the big boys because they ship profits to lower tax places and your local coffee shop goes bust.
Also, corporations tend to hoard cash waiting for tax holidays to on-shore it which results in non-productive capital being stashed away, and even when it is on-shored it goes to already rich shareholders or executives whose marginal rate of consumption is significantly lower than those at the bottom of the economy to whom taxes could redistribute corporate profits.
A coalition of the willing must be formed to invade - NOW!!! They could potentially hit us in 45 months.
It could also be argued Elite's Energy and Shield system are similar...
The real problem here is that by avoiding taxes they are able to out-compete the local coffee shops who have no off-shore subsidiary to hold their profits and so must pay tax.
I don't care, burnt bean water is overpriced and tastes crappy anyway.
I hate LoveFilm
Great, I can buy a 7" Kindle and watch my streaming subscription, or an overpriced 8" Apple, but my Nexus, running effectively the same OS as the Kindle, is off-limits? Fuck you Amazon!
Re: Why would you expect more?
All well and good, except they tend to hoard the profits made off-shore, off-shore until the government of the day is persuaded to have a tax holiday/amnesty to allow the on-shoring of these funds on the pretence that it will encourage internal investment from these newly(?) cash-rich companies.
It actually goes to directors and, depending on ownership structure, shareholders. i.e. If there are few shareholders and they're senior managers then dividends only attract capital gains tax... If the shareholders are plebs like pension funds then the company hoards cash 'for future acquisition opportunities' which allows the directors to have ever-larger salaries whether these 'opportunities' arise or even fail to be profitable if they do.
Re: It is all irrelevant.
"We're all doomed."
Well, in reality some of us might be, but the majority will adapt and find ways to live just outwith our means as we have always done. Necessity is the mother of invention.
Re: Not so easy
Don't know - our offshore team seem to get by coding java using only notepad...
The Contender from Glasgow
While not strictly a morning after snack, the fact you consume it the night before means there is no need for a hangover cure.
Ladies and gentlemen, I present, The Scooby Snack!
The Scooby Snack consists of a hamburger, a sliced sausage, a bacon rasher, a potato scone, a fried egg and a slice of processed cheese, all contained within a floured hamburger bun and accompanied by tomato ketchup and brown sauce.
I can't be the only one who thinks "narrow beams of radio directed at your pocket" is not the greatest idea ever.
Mine's the one with the phone miles away from the nads.
Having the same password is only a problem if:
1. You use the same username
2. A company doesn't adequately secure your username and password.
You can't have 26 different password without having some password manager (electronic or paper-based) which then itself becomes extremely valuable to hackers, but completely useless to you if you're using a different PC (or jacket). Or you use short passwords related to the site so they're memorable, but then that leaves it easy to crack.
The 'solution' is to have a single online provider where you store all your passwords and trust them to a) not peek and b) not lose your data. I wonder if any company would like to have that position, perhaps with a single browser product that could store all your info across multiple platforms and provide a single, seamless computing experience. Perhaps they could use that info to let their non-human bots check all your accounts to offer you more targeted information when browsing...
Re: Idiot seeks answer
No part of an airplane is lighter than air, but the whole caboodle can fly.
I understand aerodynamics only slightly better than I understand Higgs field equations, but I am happy to share my Idiot's Guide to Simplification of really difficult stuff down to the level a child can understand for you...
If the shouting of "fire" can cause harm then I'd suggest that the fault is the theatre's not the yeller. The theatre can ban him, or possibly sue him, but his right to free speech should trump the inconvenience, and minuscule risk of harm, caused to other patrons and the theatre owner.
When one quotes this bogus ruling one should be aware of what it was in relation to - it was to ban anti-draft flyers in WW1 and had nothing to do with theatres at all. And that awful ruling was, it should be noted, later overturned by Brandenburg v. Ohio in 1969.
However, since there was no response and no danger of a response, and no danger of any harm (except to his front door) if there was a response then I really don't see either how the analogy stands up or how he's done anything wrong.
Re: Easy does it!
"variations in ... temperatures of 0.5 of a degree can cause ... terrible draught"
Damn right, I had to hand back my warm pint of terrible draught last night for a replacement.
Hardly Apple's fault
Perhaps 4G* compatible would be a better description? After all, it's not Apple's fault that wireless providers lack the infrastructure to provide that service.
*Not that we know what this is.
DC grow some balls
This offence is a CIVIL offence in the UK (assuming linking is even that!).
How can we justify extraditing a UK citizen for doing something in the UK that isn't a criminal offence? Should the Netherlands extradite marijuana users since that's illegal in the US?
We don't need no steenkin' DNS
So, they want Google to find out what users actually use 3rd part apps for and then decide whether to list those apps on their app store?
Ignoring the ass-backwards nature of this requirement, have we not already had way too much of Google and the like snooping on our online behaviour?
PS. Writing those numbers at the top of this would be enough to get the whole of El Reg shut down under SOPA.
Taxpayer (that's me) funded research should be freely available to all UK citizens. UK companies should pay a fee, foreign corporations (Google!) should pay a much higher fee.
The only reason AMD didn't romp off into the distance for a couple of years while Intel pursued NetBurst is that Intel illegally forced Dell etc. to use their chips and not use AMDs.
The CPU market would be in much better shape now had AMD actually built up a decent cash pile to invest in R&D to compete with Intel's Core architecture.
Is piracy the real problem?
Why is piracy any worse than a second hand record sale? The original owner may, or may not, have taken a backup/rip and then sold the disk on, when the person comes to buy the original neither the record industry nor the artist get any royalties and that person can then repeat the process.
The industry should have come up with some form of iTunes integrated service long before Apple and the movie industry must get it's house in order before broadband speed enable simple streaming/downloading of HD 3D films.
Oil is not the only constraint
Fresh water will be next. Competition between uses (consumption, industry and agriculture) will lead to real problems until someone works out a way to use the cheap oil to effectively desalinate enough to meet all needs.
This all smacks of technologism (like scientism but with technology) in that we'll bury our heads in the sand over any possible current problems because we'll develop a technology that will cure our ills. We might, but to think we'll do it in time to avoid any pain is optimistic.
Copyright and patents
Screwing consumers and innovators, again...
Hope they're not using Holy Water or there may be a miraculously empty salt cave when the rock is rolled back.
Don't believe everything you read
Uncertainty is as effective as randomness.
When playing poker the next card to come can be:
1. Known because the deck has been stacked
2. Known because the card is marked
3. Known to external people through a camera
4. Unknown only to the players due to some combination of above
5. Unknown to everyone due to decent shuffling
The card is what it is, it is not in some quantum state, but the fact that it is unknown to the players allows them to play as if it was random and bet accordingly. With 1-4 above there is no quantum state for sure but the lack of knowledge of the players makes it as good as random for them. No faith required.
When I were a kid
I always wanted P155OFF
Now I am more grown up I think I want TA12DIS
Ban the LHC...
...It's going against orthodox science. Burn the heretics.
I'm no fan of the police, but...
They are there to stop/catch people doing harm to people or property, ya know, crimes. NOT to stop some eejit posting offensive messages on your glorified bulletin board.
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