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Submission + - Income Inequality Through Assortative Mating: Marry Up (pewresearch.org)

retroworks writes: While tax laws, minimum wages, and patent extension are frequently blamed for the rising gap between "haves and have nots", an international economics study finds another simple factor behind income inequality. Marriage. As gender equality has improved in the professional workplace, paired incomes don't occur randomly. "Better educated people are increasingly more likely to marry other better-educated people while those with less formal schooling are more likely to choose a less well-educated partner." Using Census data, the (UPenn directed) researchers found that "across the board, the income gap between couples with relatively high and those with relatively low levels of education had widened substantially since 1960 relative to the average household income... the relative earnings of couples with high school degrees had fallen by 20 percentage points relative to the average while the household incomes of highly educated husbands and wives had increased by 43 points."

The Economist http://www.economist.com/news/... notes, " The economic incentive to marry your peers has increased. A woman with a graduate degree whose husband dropped out of high school in 1960 could still enjoy household income 40% above the national average; by 2005, such a couple would earn 8% below it." And in Slate, http://www.slate.com/articles/... Matthew Iglesias puts it in terms a nerd can related to. "She likes Doctor Who; I like Star Trek...But one thing about us is pretty similar: We both went to fancy colleges full of people with high SAT scores. And in that regard, we’re pretty typical." Perhaps "Natural Selection" is the best explanation for rising college tuition, and increasing student debt.

Comment Re:Tell me again... (Score 4, Interesting) 538

Tell me again why college in the US costs sooooo much? It's not like you are getting a super special top notch education that is not comparable to top Canadian universities for example.

The same reason health care costs so much: the more money that's made available, the higher the price that can be asked.

In supply and demand terms, prices rise to balance the supply of education services with the demand for those services until demand is restrained or supply is increases.

What's happened in education and health care tells us that supply isn't keeping up with demand and so we have rationing based on price to match supply with demand. High prices keep some out of school or out of the doctor's office so that the available services match those able to pay for them.

Submission + - Leaked document points to insolvency for MTGox Bitcoin exchange (scribd.com)

electrongunner writes: As one of the unfortunate many who have/had money/bitcoins at MTGox, I was rather dismayed by the details in the purported leaked internal document detailing the disaster that has unfolded over the past few weeks....
"At this point 744,408 BTC are missing due to malleability-related theft which went
unnoticed for several years. The cold storage has been wiped out due to a leak in the hot
wallet."
As of now, MTGox is offline and there's no indication that anyone is going to get their money or bitcoins back. Yeah, yeah, I know...you told me so.

Submission + - Apparent Theft at Mt. Gox Shakes Bitcoin World (nytimes.com)

Hugh Pickens DOT Com writes: The most prominent Bitcoin exchange appeared to be on the verge of collapse late Monday, raising questions about the future of a volatile marketplace. On Monday night, a number of leading Bitcoin companies jointly announced that Mt. Gox, the largest exchange for most of Bitcoin’s existence, was planning to file for bankruptcy after months of technological problems and what appeared to have been a major theft. A document circulating widely in the Bitcoin world said the company had lost 744,000 Bitcoins in a theft that had gone unnoticed for years. That would be about 6 percent of the 12.4 million Bitcoins in circulation.

Submission + - Apparent Theft at Mt. Gox Shakes Bitcoin World (nytimes.com)

mendax writes: The New York Times is reporting that Mt. Gox, the most prominent Bitcoin exchange, 'appeared to be on the verge of collapse late Monday, raising questions about the future of a volatile marketplace.'

'On Monday night, a number of leading Bitcoin companies jointly announced that Mt. Gox, the largest exchange for most of Bitcoin’s existence, was planning to file for bankruptcy after months of technological problems and what appeared to have been a major theft. A document circulating widely in the Bitcoin world said the company had lost 744,000 Bitcoins in a theft that had gone unnoticed for years. That would be about 6 percent of the 12.4 million Bitcoins in circulation.'

Maybe the U.S. Dollar isn't so bad after all.

Comment Re:govt enforces the monopoly. Want govt monopoly? (Score 2, Insightful) 513

I have issues with them, too; but I'd rather a non-corporate entity build out and even own our infrastructure than profitmongers!

I have news for you: local governments are incorporated, too.

And don't think for a second that the people involved in local government aren't interested in making decisions that personally profit themselves and their friends.

Comment Re:Control vs. Prosperity (Score 2) 119

It's hard to know anymore what anyone really means when they use the terms "communist" and "socialist".

Marx used both of them to refer to societies where the means of production were collectively owned, where socialism was a transitional period before full communism.

In practice, collective ownership has meant state ownership.

Are you suggesting that it's the form of state ownership that distinguishes socialism from communism?

Comment Re:A "clipped" audio signal is still a valid signa (Score 0) 526

Because the clipped waveform has more area underneath it than the smaller unclipped waveform, the amplifier produces more power than its rated (sine wave) output when it is clipping.

Which is why a designer shouldn't assume the amplifier is going to just produce a sine wave.

Comment Re:bad engineering? (Score 4, Insightful) 526

I personally don't do this sort of engineering, but I can see the reasoning. And if you are trying to push high volumes out of your laptop speaker, you probably should be carrying external speakers. There are physical limitations to systems designed to be portable.

The trouble is that the audio chipset hardware is by design meant to output arbitrary waveforms, including squarewaves, which is what VLC produces in the most extreme form of clipping.

A wave file can hold the very same signal.

Neither the user nor software is responsible for trying to figure out what waveforms are a problem on a system where the built in amp can destroy the built in speaker. It's the responsibility of the maker to limit the output of their own amp so that it doesn't cause damage. They put the amp in there in the first place. There's nothing about putting in a proper amp that in any way would affect portability.

Submission + - Bad news: Bertha is damaged (seattletimes.com)

mc6809e writes: Officials on Friday announced the seal assembly is damaged. Bertha may be shut down for several more weeks as workers fix damaged seals that protect the drive system that spins the giant cutter. The revelation comes two months after the drill failed to grind ahead and operators shut it down. The machine known as Bertha tweeted in December that she was doing fine, just facing an obstruction. An 11-day inspection in January found no big obstacles, turning engineers’ attention inward. The ongoing investigation — which includes an influx of staff from drill maker Hitachi-Zosen — could take up to two weeks before the Seattle Tunnel Partners (STP) contracting team issues a strategy to repair and restart the machine.

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