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Comment Re:wont last (Score 1) 287

Quite a number of states (Cali and Wisconsin come to mind) have laws prohibiting loss leaders, usually only if they're viewed as predatory pricing (i.e. trying to drive competitors out of business).

Wisconsin has a law that sets a minimum margin for gasoline. Idea is to prevent large operators with other revenue streams (i.e. a supermarket with a couple of gas pumps) from selling below cost to bring in shoppers, thereby driving out small operators

Comment Re:Genius. (Score 1) 287

"they talk about people with amazon seller accounts creating sales in order to have them matched"

No, they're not creating "sales." They're creating sales pages they have no intention of actually delivering. Unless you think that the people pulling this scam would have happily shipped out hundreds of PS4s at $80 each, when the orders came in.

Comment Re:Oh, boy! (Score 1) 287

The underlying data (through 2012) is here. Minimum wage (in 2012 $) peaked in 1968 at $10.34, has averaged (from 1938-2012) $7.09/hour in 2012 $.

In inflation-adjusted terms, the minimum wage was lower than current levels until 1956, above current levels from 1956 to 1984, and then mostly below current levels again since 1984 (with the exception of 1997-1998).

Comment Re:Genius. (Score 2, Informative) 287

There's "gaming the system" and there's fraud. This isn't clipping Home Depot coupons and taking advantage of Lowe's willingness to accept competitor coupons. This is forging your own Home Depot coupons on your computer, printing them out, and using them at Lowe's, since you know that Home Depot won't accept the forgeries.

Comment Re:How much more screw up can our government get? (Score 1) 119

They're not selling them on the exchanges precisely BECAUSE they want to avoid sharply pushing down the price of Bitcoin. $20M is about five days worth of volume on the USD/BTC exchanges. If you tried to dump that much volume into the exchanges, it would crush the price of Bitcoins vs. the US$.

Comment Re:I bid $10 (Score 1) 119

Essentially, they're just converting currencies. If they had seized a large pile of Yen, they could just convert it to US$, since there are highly liquid markets to do that. With Bitcoin, there isn't the liquidity to run a transaction of this size through any of the exchanges, so they're auctioning them off. Investors do similar things with stocks every day - if you're a mutual fund, and you want to sell 10k shares of AAPL (which trades about 50 million shares a day), you just sell it through an exchange. If you want to sell 10 MILLION shares, you probably negotiate a price with a major bank, since trying to dump that much stock on the open market will crush the price.

Comment Some really weird results (Score 1) 55

So, based on this algorithm, the #1 priority author would be Sherrilyn Kenyon (who writes paranormal romance), followed by Al Sarrantonio (who writes horror, and puts together a bunch of anthologies), and Muammar Gaddafi (yes, that Muammar Gaddafi). Number six is Gardner Dozois, who's also (like Sarrantonio) an anthologist.

If this is designed to be popularity-based (e.g. designed to determine what people most want to see get scanned/uploaded/entered/produced by something like Gutenberg, rather than an assessment of the aesthetic/historical value of the works), an algorithm that puts these folks at the top, and puts massively popular authors like Stephen King (867) and Tom Clancy (1883) far down the list, is more that a bit suspect

Comment Re:Any info on the original court case? (Score 2) 120

The case was brought by a number of parties, who have separate claims against Iran, North Korea, and Syria. All have gotten judgments, now they are trying to collect on them. For the North Korea judgment, the claim results from a 1972 terrorist attack in Israel. The attackers were actually Japanese, part of a Japanese terrorist group called the Japanese Red Army, loosely linked (if I remember correctly) to the German Red Army Faction, and backed by a Palestinian terrorist group (offshoot of the PFLP), the same folks who hijacked the plane to Uganda, resulting in the "Raid on Entebbe." The court ruled that the terrorists' training had been funded at least in part by North Korea.

https://en.wikipedia.org/wiki/...

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