9 posts • joined 22 Aug 2007
Re: Frankly I don't see the problem
He must not be well.
So, not much understanding of how CC chargebacks work, then...
"Operation Robin Hood will take credit cards and donate to the 99% as well as various charities around the globe. The banks will be forced to reimburse the people there [sic] money back."
...at which point the banks will initiate a chargeback against the merchant account of "the 99%" (who I suspect haven't actually got one) and "various charities" (most of whom probably do and probably don't want a bunch of chargebacks chalked up against it).
Arbitrage isn't entirely risk free
Arbitrage also tends to boil down to a big game of "who's fastest?". Say I've noticed that I can buy BP shares in New York for the $38.50 and sell them in London for (the equivalent of) $38.52. I send off my orders to New York and London at the same time. Unfortunately, whilst I'm doing that, someone else sells to the person in London who's offering $38.52. Now that they've done that, the best price available in London is now $38.49. My order in New York gets executed fine, but I'm now left with a bunch of BP shares that I can't sell for the same price I bought them for, never mind for a profit.
There are ways and means of trying to deal with this and similar risks, but none of them are perfect.
This kind of risk is fairly small, but it's nevertheless not true to say that arbitrage is risk-free.
C&P - Not in Germany
Whilst the German debit card system is chip-based, Germans are astounded whenever I use my UK credit card to pay using a PIN. C&P isn't EU-wide by any means.
Motorola extremely poor at software updates
I own the first Milestone. Motorola are by far the worst of the handset makers when it comes to software updates. Android 2.1 arrived horribly late. Android 2.2 isn't there yet. (We're promised it "from the end of the year", but I'll believe it when I see it.) I sincerely doubt we'll ever see 2.3 or newer.
But manufacturers don't have to support a handset with updates forever and most don't, right? For almost all other Android handsets, if you want to get the latest and greatest Android version without the aid of the manufacturer, you have a multitude of alternative sources - you go and grab a third-party firmware, install it and you're done. Motorola have locked the Milestone down so that this isn't possible. Efforts to crack their lockdown have thus far been unsuccessful.
People have complained loudly and repeatedly to Motorola about this. Motorola either can't understand or refuses to try.
I won't be buying Motorola again until this policy changes. I could provide a small list of software and hardware issues with the original Milestone, but the fact that I'm now two (soon three) Android versions behind, on a handset that's just over a year old, is enough to tell me that I don't wish to give Motorola 400+EUR again any time soon.
Part of the reason for ADRs is to avoid US regulation. As SocGen appears only to have a level 1 ADR program, they won't be SOX-regulated, nor will they have too much to do with the SEC.
Maybe she killed the backups too?
If she's the sysadmin, she's presumably in charge of the backups. If she's going on a deletion rampage, why not send the backups for a dip in the Atlantic while she's at it?
When designing planes, engineers are pretty much always aiming to save weight. My guess is, this integration resulted in them saving several bundles of cables which run the entire length of the plane - probably a reasonable weight saving. Not a saving which necessarily sounds good to me, but I bet that's what they were thinking...
Tim, there are many possible points:
- Not having to pay TomTom/Garmin/whoever 100EUR each year for an updated map.
- Having the map updated more often than once each year.
- TomTom doesn't currently offer a map of Greece. OSM could (in the future).
- None of the major nav system vendors are likely to be offering maps of Congo or Laos any time soon (to pick two examples at random). OSM could.
- Providing free maps to Wikipedia, books, whatever.
- Non-car users - there are bunch of people at OSM concentrating on the UK's national cycle network, for example. So you'd have the prospect of one day having a specific routing device (or at least a specific map) for cyclists.
- Providing richer maps. Marking each post box, telephone box, whatever people are interested in finding.
There's not enough money in several of these points for TomTom or Garmin (or Navteq or whoever) to be that interested in satisfying them.
Most importantly, it's fun to do.
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