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Submission + - Apple posts $18B quarterly profit, highest ever by any company

jmcbain writes: Today, Apple reported its financial results for the quarter ending December 31, 2014. It posted $18 billion in profit (on $74 billion in revenue), the largest quarterly profit by any company ever. The previous record was $16 billion by Russia’s Gazprom (the largest natural gas extractor in the world) in 2011. Imagine how much better Apple could be if they open-sourced their software.

Comment Re:Lowest hanging fruit. (Score 1) 147

But compared to Seattle? No. There's a reason people here in Seattle spend so much on dial-up. We long for the Internet. I pay almost $450 per month for the T1 to my house. The city granted a monopoly to Comcat for my neighborhood and will not allow competition but the city's rules also block Comcast from providing access so we're stuck with either dialup or paying for expensive typically business-only telco lines. Here in Seattle we care about Internet access. When I lived in Cary, NC, I had more than ten times as much bandwidth nearly ten years ago as compared to what I have in Seattle. It was also 1/8 the price. That shows NC doens't give a damn about the Internet. Here in Seattle we put our money where our mouth is. We are educated unlike those people that suck at the tit of cheap access. We pay our own way.

Damn... let me know when that changes. Here on the Eastside in Redmond we have 50/50Mbps FiOS from Frontier for $60/mo. or so. Back when I lived in DC, we had Verizon FiOS and it was pretty great, except I had to pay extra for the Business FiOS so they'd unblock HTTP(S)/SMTP on my home server (and get vaguely more helpful customer service). But none of that silliness is necessary at the Frontier Residential tier.

Submission + - Comcast Pays Overdue Fees, Free Stuff For Time-Warner Merger Approval

WheezyJoe writes: In seeking more support for its mega-merger with Time-Warner Cable, Comcast has been going across the country giving local governments a chance to ask for favors in exchange for approving a franchise transfer. In Minneapolis, this turned up an unpaid bill of $40,000 in overdue franchise fees, so Comcast will have to pay the city money it already owed in order to get the franchise transfer. Comcast will also throw in $50,000 worth of free service and equipment.

"Thirty Minneapolis city buildings will get free basic cable for the next seven years as part of a package of concessions the city wrung out of Comcast in exchange for blessing its proposed merger with fellow cable giant Time Warner," Minnesota Public Radio reported. "Comcast has also agreed to pay Minneapolis $40,000 in overdue franchise fees after an audit found it underpaid the city for its use of the public right of way over the last three years." The article notes that getting any kind of refund out of a cable company is not easy.

Part of the deal with Minneapolis involves the spinoff of a new cable company called GreatLand Connections that will serve 2.5 million customers in the Midwest and Southeast, including Minnesota. After the deal, Comcast's franchises in those areas would be transferred to GreatLand. Such goodwill concessions may seem impressive as Comcast seeks to foster goodwill, but one wonders how Comcast/TimeWarner will behave after the merger.

Comment Re:why is the cap a good idea? (Score 1) 154

Hypothetically speaking, if I'm desperate to get somewhere, and I'm willing to pay *whatever it takes*, why is it a good idea to limit the surge pricing?

Because other people will pay for your desire.

Or what about having an auction system where each person that wants a ride indicates how much they're willing to pay for it? Would you want to cap that as well?

Economists are big fans of auctions and say that's the most fair method to distribute resources. Economists, however, are not known for taking social, cultural or human values into account in their simple models.

So yes, I would. Man, it really isn't so difficult. Get some history lessons on when and why the taxi business became regulated.

Comment Re:life in the U.S. (Score 1) 255

If good upload speeds were widely available, I suspect online backup would quickly become a mainstream market, especially as more people become aware of the need to back up (witness the solid market for flash drives and external hard drives, mostly to ordinary folks and largely used for personal backups).

I know I'd use it, but my paltry 600k up will not cut it.

Submission + - Serious Network Function Vulnerability Found In Glibc 1

An anonymous reader writes: A very serious security problem has been found and patched in the GNU C Library (Glibc). A heap-based buffer overflow was found in __nss_hostname_digits_dots() function, which is used by the gethostbyname() and gethostbyname2() function calls. A remote attacker able to make an application call to either of these functions could use this flaw to execute arbitrary code with the permissions of the user running the program. The vulnerability is easy to trigger as gethostbyname() can be called remotely for applications that do any kind of DNS resolving within the code. Qualys, who discovered the vulnerability (nicknamed "Ghost") during a code audit, wrote a mailing list entry with more details, including in-depth analysis and exploit vectors.

Comment Re:jessh (Score 4, Informative) 397

This.

I grew up in the DC metro area. Snowstorms in New England are notoriously hard to predict, especially nor'easters like this one (which are typically a combination of 2-3 storm systems).

Sure, you can see it coming down from the Midwest, but it's always hard to tell exactly what's going to happen to a blizzard after it stumbles over the Appalachian Mountains, which will divert some of it and squeeze some or all of the moisture out of it. Then it collides with some storm full of rain coming in from the North Atlantic. Then the wildcard is some sort of warmer air coming up from the south... It all collides over New England. The computer models can tell you what's going into the mix, but who knows exactly where it's going to transition from rain to snow? WHICH STORM WILL WIN?! A butterfly in Miami decides.

Comment Re:So what will this accomplish? (Score 3, Informative) 154

In Econ 101 you also learn about horizontal and vertical pricing.

Basically, if the surge price is reasonably high, most drivers will be available. From 1.0 to 1.5 you may raise the number of drivers considerably, but from 3.0 to 3.5 you will probably not motivate many more drivers to go out and drive - most available drivers will already be on the road, and the few who decide against it will not change their mind here because if 3.0 doesn't motivate them, then 3.5 most likely won't because they have important reasons to stay home.

A cap on such elastic pricing is almost always a good idea.

Comment Re:Escaping only helps you until a war. (Score 1) 339

This exactly.

Why do rich people not live in Africa and Asia where the climate is good? Safety and convenience. If you don't want to spend your life in a castle defending your riches, you go somewhere where culture, society and government will do that job for you.

Strangely, many don't see this as a service worth paying for, which is largely a semantic problem. Maybe we should tackle it there, and instead of taxes, we should collect a "wealth-protection service fee".

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