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Comment Re:What? (Score 1) 190

Someone who doesn't listen directly to a conference call, but instead reads a transcript released by the company after the event doesn't have the information as soon as other people, but the SEC doesn't consider that "unfair", even though there are often limitations on who can particpate in those conference calls. There is no barrier that limits someone from "liking" a company on Facebook, so the information is just as "public" as any other release of information. If the SEC doesn't realize this, then they are going to have some serious challenges to the ancient ways they regulate public companies.

Ding, ding -- this is a perfect summary of the whole thing. I am not sure if the SEC is just clueless, incompetent and bureaucratically enforcing reg FD or if they are trying to maintain the advantage that professional investors have in the actual implementation of the reg. Either way, the whole thing is bizarre.

Comment Re:5th Amendment (Score 0) 885

I understand that what you're arguing for (oversight) is likely a realistic and practical process that could indeed reduce serious errors of judgement, however, a committee isn't a guarantee against injustice; it is entirely possible that all the branches of government could sign off on a killing that is unjust (e.g. How would you like to be a black man in the 1950s American South facing a committee of those in power?).

Comment Re:Banned books week (Score 1) 229

For twilight I think it is banned (partially) due to religious groups.

You are correct that religious groups do stupid shit like this. Speaking as an (individual) religious person though, I would say that if my kid(s) couldn't tell the fucking difference between a vampire and God, I would have to conclude the problem is more on how I've raised them than due to the existence of vampire fiction.

Comment Re:They did this because they care sooooo much.. (Score 1) 229

The upshot is that millions of lower income families are going to get internet -- that's a Good Thing(TM).

In my experience, these kind of things never amount to anything though. Comcast will make it hard to find out about, difficult to sign up for and onerous to stay eligible.

Whenever they can gracefully exit from the program (likely defined by whatever agreement they made) they will issue a press release trumpeting how the program wasn't really popular (of course, by design) and how existing customers will be transitioned to another tier of service, which, itself, is really a fantastic value.

Ugh, I can already see the fucking smarmy press release in my mind.

Comment Re:who wants this information? (Score 2) 185

His viewpoint is basically "if you're not breaking the law, what do you have to worry about?"

People who say this always seem to forget that, one day, there might be laws that are well worth breaking; that in order to keep your humanity, you will have to break.

Just to rifle through the last few months of news: what if you were Libyan under Gaddafi or Egyptian under Mubarak? I would be glad, were I in that situation, not to have a fucking device in my car reporting my whereabouts in a governmentally accessible manner.

I think the whole idea of protecting rights is to do so for the future, not necessarily for the present.

Comment Re:BIG Mistake (Score 1) 481

(a) Because it is a report card on you/your team. It is the summation of what everyone in the business community at large thinks of you. With a declining stock price, you are the bloke at the conference who got a very public "F". Conversely, with a rising price, you are a rock star. Purely psychological (in this context) but powerfully so.

(b) Less intangible: If your price is low for long enough, you can be replaced as CEO.

Comment Re:Meanwhile, in Democracyville (Score 1) 183

Is the problem really Wikileaks or is it that fucking prat Assange? He was the one who pissed of The Guardian and NYT so badly they don't want anything to do with him. What you need is someone who can run Wikileaks without all the ego. Someone who can be sensible (e.g. redact names of informants in leaked documents) but be steadfast about publishing what comes in without making it all about him/her.

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