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Comment Banks deflecting attention from themselves (Score 2) 342

High frequency trading isn't the issue. The banks are the real "insiders", and are pointing fingers at small, high frequency prop shops to deflect attention from themselves, and to get back to the bad old days when they could really gouge their customers with wide spreads.

High frequency traders make their money by having better pricing models, narrowing spreads in the market, and being able to execute and then get out of a position quickly to lock in their profits and eliminate risk. The banks like to be the middleman, with wide spreads, so that they can pocket the difference.

The net result of high frequency traders is that the rest of us can get a stock much closer to their actual value (due to narrow spreads). Yes, the high freqency traders make good money by selling the stock $0.005 off the "real" value to me and then immediately getting out of the position by reselling it a millisecond later and locking in that $0.005 profit, but I have only paid a premium of $0.005 instad of the $0.35 or worse the banks would love to gouge me for (and used to, a few short years ago).

We get rid of high freqency trading and we'll be back to the bad old days, when the real insiders really did gouge us, and we all paid far too much for our investments, and were able to sell at far too little, with the likes of Goldman Sachs pocketing the enormous difference.

As for the front-running nonsense on 60 Minutes, that's always been illegal (contrary to what we're being told), and it is not at all how high frequency trading works. If someone was in fact doing that, then they're in a whole world of hurt with the SEC (and rightly so), but this entire exercise appears much more like a distraction: blame small outsider firms who've made the marketplace more effecient and tightened spreads for problems created by corruption within the big banks, and hope no one notices...at least until the next bank-induced crash.

Comment Re:Why? (Score 2) 245

By that definition Windows XP is itself a huge piece of malware that needs to be constantly rid of the numerous bugs and defects. It has been for the past 10 years thus, and still not fully fixed.

That makes MS an untrustworthy source of poor quality software, or intentionally buggy software aka malware.

Comment Re:needs some (Score 1) 470

Really if you want to see pseudoscience in action take a good look at all the assumptions behind cosmology and astronomy. Redshift = distance is an ASSUMPTION and Edwin Hubble himself was the first to point that out. Or start being honest enough to teach students that LOTS of biologists as well as physicists like Sir Hoyle have valid doubts about the theory of evolution, and no they are not creationists. Their main problem with evolution being that it is so often presented as settled established fact when it really has a lot of serious problems that need to be worked out. Just saying that is some kind of heresy in most English-speaking areas. Truth is many scientists would love to replace evolution with a better theory.

Every hypothesis is "an assumption". But some stand up to scrutiny and offer a lot of explanatory value.

As for evolution, what you said isn't heresy - it's a claim that you didn't try to back up.

Comment Re:needs some (Score 2) 470

Roughly one in three American adults believes in telepathy, ghosts, and extrasensory perception," wrote a trio of scientists in a 2012 issue of the Astronomy Education Review.

Yes we must use government institutions to regulate what people believe! If we start young we can change the next generation.

That's one spin you could put on it.

Another choice is "How is a country full of people that believe nonsense going to survive the 21st Century?"

Comment Re:The Religious Right will have your head on a pl (Score 1) 470

There is a great deal of pseudoscience belief on both sides of the isle. The left has irrational beliefs on nuclear power, GMO foods, etc.

You're trying to pee in the punch with a "both sides do it" argument. The not-so-subtle difference is that "the left" doesn't deny that nuclear power and GM foods exist. To paraphrase the famous saying, everyone is entitled to their own policy opinions, but not to their own realities.

But then the Republicans aren't generally as bad as they get a rap for. Their only substantial reality-denying party positions are on evolution and global warming, and both of those are for easily understandable political reasons (the former too keep the dwindling numbers of the faithful faithful, the latter to please their corporate masters).

Comment Re:Freedom of Speech? (Score 5, Insightful) 328

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

And, as we learned from "People vs. Larry Flint" (and other, less popular, sources), porn is speech...

However disgusting, "revenge porn" ought to remain legal...

Cough. Your freedoms end where other's begin. Cough.

Comment Re:The internet of things...that might get you kil (Score 1) 128

Some things are important enough to

a) keep simple, and
b) keep offline

While that's true, it's also flying in the face of Progress We must strive to make things as complicated and feature rich as possible (and also shiny).

See, it worked, it detected the fire by melting. Success!

Comment Re:Go out and smell the flowers once in a while (Score 1) 257

Seriously, a little work-life balance? Radical concept, I know.

My oldest sister informed her work-aholic husband she was tired of him not coming home from the office, he was already a success and it was time to delegate some responsibility. He didn't take it seriously and was shocked when she finally filed for divorce.

IMHO, she could have found more to do with her own time, but guess she was too lovey-dovey to be alone.

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