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The Almighty Buck

Virtual Bank Woes 127

bobmorning writes "EVE Online's largest player-controlled virtual bank, Ebank, just can't seem to catch a break these days. A few months after it was revealed that the company had been defrauded of a staggering amount of virtual cash, it turns out that the institution's digital vaults are far more barren than many realized, leading to an in-game freezing of accounts for any individual or organization that happened to have invested any InterStellar Kredits (ISK) with the bank. Early this summer, it came to light that a veteran EVE player (known only as 'Ricdic') had embezzled — and then sold in the real world — over 200 billion ISK from Ebank, causing a run on the virtual financial institution. However, this was just the beginning of the problems for the player-owned bank. Recently-installed Ebank Chairman Ray McCormack admitted that the bank had been mismanaged, and rules, safeguards, and controls were not enforced. As a result, it's been revealed that Ebank is 380 billion ISK poorer thanks to a number of defaulted loans. Because of the aforementioned mismanagement, it apparently took the bank's new officers a while to figure out just how far in the red their institution is."

Comment Re:What? (Score 3, Insightful) 74

If you played any mmorpg's at all 6 years ago, it would have been very difficult to not hear about Shadowbane or see one of it's adds.

Besides it being a top 5 game in terms of population, there was little competition then, UO, Everquest, heck SWG wasn't even released 6 years ago. Although I never played it for any length of time, Shadowbane reviews, adds, etc were on every gaming site I frequented...not sure how you could have missed them unless you used AOL or something.

Comment Re:What else can you do? (Score 1) 1246

That makes no sense. You say it's not reasonable, but then say it may have been necessary to have police involved for a search of a cell phone. You can't have it both ways.

Police do not dispatch units just to find a teenagers cell phone. And the significant portion of parents who have sued school systems into submission, prevent any staff from doing so themselves.

Those that mock this scenario truly do not understand the paradox that public school administrators and staff have been locked in when trying to manage everyone's little angels from heaven.

The saddest part about this is the parents who are so quick to blame everyone but their own little hellions are teaching the next generation how passing the buck can work for you...and you may even get paid from a law suit for it!

You are the reason people have to be absolutely crazy to want to teach in a US public school system now days. They are paid less than most who have equivalent education and have to deal with these little snowflakes everyday, and their parents who immediately go to the school board/governor/court system when you try to instill even the slightest tinge of discipline in them.

And then they get to come home and read on slashdot how they over reacted when "angel" wouldn't put the damn phone away after you've asked her 20 times while disrupting class for everyone for half an hour.

Unbelievable

Comment Re:Poetic justice? (Score 1) 689

I disagree that it should be unconstitutional for incentive based investigation/prosecution in all cases. One of the better suggestion on how to restructure the SEC was to give incentives to investigators for each big case they successfully prosecute. Without this, we will never see SEC investigators constantly willing to take down billionaires like Madoff due to the consequences/blacklisting they face from doing so.

But I do agree with prohibiting it in cases like these, or even in most cases. I also agree that these judges should never see the light of day again.

Comment Turn them off? (Score 1) 366

Just turn them off! Tax payer money to install them, tax payer money to remove them.

This will at least make it cheaper when the next mayor/council reverse this decision and want to put them back.

Regardless of the debate about privacy, as soon as a mayor or important rich person in the community is assaulted, in a crash, looses a kid, etc where the cameras would have helped, these will get reinstalled.

Might as well make it easier on the taxpayer!

Comment Bad move (Score 1) 550

I'm not a Dem but I agree and support most of our new President's ideas/policies, with two exceptions.

Wars used to be won by the nation with the most powerful Navy. Then Air Superiority became the dominating tactic. Space is the next step and banning these will only put the "honest" nations at a disadvantage here.

The tech may not be here yet to make it apparent just how space will dominate air, sea and land, but it's only a matter of time and hamstringing our military in this area is the last thing we should do.

I'd suggest the most obvious is the ability to disable or even confiscate enemy nation's spy satellites but future tech will increase the importance of orbital superiority.

The other unrelated exception is the stimulus. This money should be used to repair and improve current US infrastructure (bridges, fiber, etc). This approach eventually worked to lift us out of our first depression and I believe is much better than giving it to the CEO's who put us in this position in the first place.

Announcements

Submission + - Gateway-Acer-MPC class action law suits?

An anonymous reader writes: I work in a medium sized city school system and know that my system is not alone in this situation. When Acer bought Gateway last year, then sold it's business division to MPC (which promptly went bankrupt), it had to know it was intentionally side stepping warranty contracts gateway had made with thousands, if not millions of customers.

How many government organizations are left with warehouses full of Gateway machines and hardware that have no warranty now? Does anyone have a suggestion on how to recoup on these losses? Surely there are many readers in the same situation who are interested in a story about this and what they can do to force Gateway to live up to it's warranty obligations!

It almost seems criminal. I would understand more if Gateway went bankrupt but the company my employer purchased these large quantities of computers and hardware from still exists but will not honor it's warranty! It doesn't matter to us if they sold a division, our contract was with Gateway.

At the very least hopefully this will educate more people to not buy Acer/Gateway products in the future!

There should be laws regulating how a company can sell off divisions that have existing contracts with customers to prevent them from making sacrificial lamb companies that are created to fail and take debt and liability with it while leaving the "real" company healthy and intact!

Sorry for the rant but considering many school systems, city, county, state and federal government agencies who purchased Gateways surely they have to be held accountable in some form?

Please edit, re-write, etc as you see fit but I feel this story is effecting a great many Slashdot readers who are looking for answers.

Thanks.

Comment Re:Exploitation (Score 1) 383

I agree and in addition, this will encourage students to avoid sharing some discoveries in the long term.

Hopefully they (Uni's) will recognize their error and do more to encourage "eureka moments" instead of the opposite due to their own greed.

You'd think they could split rights/royalties with students that develop them. Everyone wins. Too easy?

Comment Re:Not my observation (Score 1) 206

No, it's actually the opposite.

New server hardware is getting cheaper while refurbished has remained relatively steady by comparison.

This is one of the few articles I feel comfortable commenting on since I've had the good fortune to be able to buy server hardware (reasonably equivalent for the era) every few years for the last 14 years.

It used to be buying refurbished/used would save you more than enough to justify the lack of warranty/inherent risk. For example, you could buy 2-3 used for the price of 1 new, but that is no longer the case in my experience.

For the first time ever, I got more server for less $ buying a NEW PE 2900 just a few months ago. Dell was running a special (buy over 4 grand, get 1200 off - per order) but I noticed this trend in previous years purchases.

My refurb vendors came in close (on similarly configured server), but why pay slightly more for used when you can get brand new w/manufacturer warranty for less?

I even got a "free" 17" LCD monitor that was not included in the refurb vendor quotes. But the price and 3 year warranty are the major factors (vs 30-90 days used).

These aren't top of the line nor are they bare bones, but my purchases/price comparisons have always been on similarly configured hardware.

Comment Not my observation (Score 5, Informative) 206

For the past decade, I've been a buyer of lightly used servers like IBM 44P, Dell PowerEdge, etc purchasing these mainly as redundant hardware for existing servers.

In the last year, I have solicited quotes for used equivalents and the price gap has narrowed to the point where new is as cheap as used.

My last purchase of PowerEdge 2900's was actually cheaper through Dell (brand new, 3 yr warranty, etc) than a stripped down 2900 from refurbished vendors.

It seems it's followed car parts in that in the 70's and 80's you could save a lot buying from a salvage yard, but now days you save little or none vs buying from new car part dealers.

I get quotes from multiple vendors so it's not just one company inflating prices.

Just wanted to add that, in my experience, the trend is the opposite of what the article is suggesting.

Security

Experts Say To Switch Browsers In Light of IE Vulnerability 455

It appears that the exploit in IE briefly mentioned a few days ago is causing a serious reaction: SteveAU writes "Microsoft has begun flooding media outlets with information advising users to switch to an alternate browser while a serious security flaw is being patched. The flaw, which affects all versions of Microsoft Internet Explorer, is manifested via malware and has infected over 6,000 sites thus far. Microsoft states: 'The vulnerability exists as an invalid pointer reference in the data-binding function of Internet Explorer. When data binding is enabled (which is the default state), it is possible under certain conditions for an object to be released without updating the array length, leaving the potential to access the deleted object's memory space. This can cause Internet Explorer to exit unexpectedly, in a state that is exploitable.'" According to the BBC report, though, Microsoft itself is only asking that users be "vigilant while it investigated and prepared an emergency patch"; it's outside experts who say to dump IE (at least for now).

Update: 12/16 21:11 GMT by KD : Microsoft will issue an emergency critical update for IE tomorrow.
Government

Wiretap Whistleblower, a Life in Limbo? 521

Newsweek has an interesting report on Thomas M. Tamm, the individual who blew the whistle on the Federal Government's warrantless wiretaps. The piece takes a look at some of the circumstances leading up to the disclosure and what has happened since. "After the raid, Justice Department prosecutors encouraged Tamm to plead guilty to a felony for disclosing classified information — an offer he refused. More recently, Agent Lawless, a former prosecutor from Tennessee, has been methodically tracking down Tamm's friends and former colleagues. The agent and a partner have asked questions about Tamm's associates and political meetings he might have attended, apparently looking for clues about his motivations for going to the press, according to three of those interviewed."

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