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Comment Re:Wait... (Score 1) 211

My assumption is that a level 1 employee who excels at their job gets promoted to level 2, repeating that cycle until they get to the level where they no longer excel at their job and receive no more promotions.

I think it's debatable whether an employee at their plateau level of promotion is merely good enough or actually incompetent. It's probably both and circumstantial. Someone promoted to their plateau may be just good enough not to get terminated immediately but not good enough to retain the position long term when faced with a superior replacement.

And its probably this kind of self-aware incompetence which traps managers into hiring underachievers. Their personal success requires their underlings to be good enough but not good enough to challenge them, which I imagine is only magnified down the line.

Comment Re:Chill, bitcoin-istas (Score 1) 253

How is the dollar or any currency used as a peg currency?

I don't see why a country couldn't just say "Our currency, the fubar is pegged at the rate of 10 fubars to the bitcoin." Anyone needing to conduct transactions in fubars would have to then buy 10 fubars for one bitcoin.

The only way this works, though, is for the government to restrict transactions in other currencies and only allow the national bank under their control buy foreign currencies. I think some get even more draconian, forcing travelers to trade all their foreign currency at entry to the local currency at the official exchange rate and then sell you your own currency back at exit.

Of course this doesn't stop black markets for currency, every country with an official exchange rate has them, more so if the official exchange rate is greatly detached from reality. But these can be dangerous and you may find you detached from your freedom.

Comment It's the missing competition (Score 2) 438

While I support net neutrality as a concept and as a form of regulation (with a big dash of hope, too), none of this would be an issue if there was any competition for residential high speed internet access.

Caps, quotas, asymmetry, prohibitions on "servers", crippling of web sites like Netflix -- none of this would be happening at all if there was meaningful high speed Internet competition. Providers who did this would be gutted by the market for vendors who didn't do these things. This is all rent-seeking behavior by monopolists, and worse, by monopolists whose business model can see its own funeral on the calendar.

And the lack of viable competition in most markets is why regulation is necessary, otherwise the monopolists would just keep manipulating the market.

Comment Re:I'll be your huckleberry. (Score 5, Interesting) 164

We kept the Shah in power for our own interests

s/kept/put/

In 1953 they had a democratically elected, very westernized government. The US and UK staged a coup when that government wasn't generous enough with "our" oil.

Worked out about as well as all our other efforts to tell the rest of the world how to run their countries.

Comment What me worry? (Score 2) 636

What's good for Disney is good for America. Or at any rate, good for the Americans who matter.

I recently read that Southern California Edison replaced its whole 500-strong IT staff with H1Bs. However, details are scarce. Several US senators have called for an investigation, but the feds are refusing on the grounds that no one hurt by it filed a complaint.

The US economy is screwed anyway. The H1B saga is just one more issue in the decades-long trend of converting the economy into shareholders and people who flip burgers for shareholders. Once the rich have skimmed all the cream, they'll go find another country to screw - or at least one that actually makes stuff they can buy with their winnings.

Comment Re:If Congress is for it (Score 4, Insightful) 355

An earlier version of this general effort used language that would forbid reference to models in policymaking.

Presumably written by some clown club that doesn't know that models are what science produces. They were transparently trying to outlaw use of the computer models that climate science relies so heavily on. (And other branches of science, but climate science is the branch that's driving corruption^w campaign donations right now.)

Comment Re:Well... (Score 1) 108

That's an interesting idea. Could we have used all the shuttle money to have launched enough stuff to have a huge space station in orbit by now, possibly with a large interplanetary ship we assembled in space?

Or does stuff in space kind of rot away into unusableness and what we'd really have is a huge floating derelict that wouldn't be fixable?

Comment Re:It wasn't the tweet (Score 3, Insightful) 185

The idea that releasing the Q1 earnings after-hours allows people to make better judgments -

What you mean is that releasing the earnings after hours allows all the big guys to dump shares first, minimizing their losses, and everyone else wondering if they should eat the now-massive losses on what they hold or just keep holding and hope it goes up again.

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