I would argue that the mere fact that the threat of a default was bargaining chip on the table makes a downgrade justified.

Either the last month was all empty rhetoric or it wasn't. The fact that the threat of forcing a default elicited significant concessions proves that it was considered a legitimate risk and therefore, a downgrade makes sense.

I didn't discover the web until 94 but I have fond memories of going to yahoo and skiimming through all the new websites on the Internet each week.

When I look back at my predictions from those early years, I was right about predicting the emergence of services like ebay, wikipedia, online newspapers and how the web would eventually supplant tv as the number one medium for wasting time.

I imaged social networking would be a bit like slashdot but that everyone would have their own personal webservers and that discussions would unfold as flat files. I imagined there would be tools that aggregated all the homepage discussions of your friends into threads of a single feed of "what's new and hot" and that you wouldn't care so much about modding comments up or down because it was all happening within smaller communities and if you didn't like a thread, you'd just drop it from your feed.

I was mostly wrong about universities (I thought that they would eventually become completely redundant with the web but they actually seem to be enduring more intact and unchanged than any other part of society). I was also worried that the decline of mass media in favour of user-to-user communication and hiveminds would mean an explosion of new relgions and religious-type thinking, but even though hiveminds are a problem on the web, they aren't as much of a problem as I had expected.

I also expected that there would be a lot more sentimental/poetic websites - I imagined a web of maps of the world would emerge, marked up with layers of memories, comments about why people found certain locations, virtual graffiti or game-like systems using real maps. Sort of a google maps / geocaching mix

[citation needed]

The probability that a random new edit will be beneficial drops as the project matures and becomes more polished. Increasingly powerful and conservative cabals are natural consequence of any academic system defending its signal:noise ratio.

I think there's another potential actor to consider: large scale organized crime. Investment houses routinely profit off of talking up and down stocks in ethically questionable ways. Small scale organized crime may manipulate a company with a few threats to employees or infrastructure. What if the two combine and the threat of copying/corrupting key corporate databases become a vulnerable spot by which megacorps can be manipulated by criminals safely sitting in a sanctuary country but using the same general tactics as a shakedown of a corner store?

National governments send in non-technical spokespeople from their security agencies to talk to company IT departments, giving general ominous warnings along with cryptic and non-specific hints ... essentially the same things you would see on the evening news. Then the IT people go back to their desks and see that in the elapsed hour a new batch of tickets has arrived about failed servers, a meeting invite to discss the state of an overdue project and a voicemail from a manager suggesting a better shade of orange for the spreadsheets to be coded in.

Every time I refresh slashdot is an attempt to learn something new.

Even in a near-steady state, there are pockets that expand and displace their surroundings at an exponential rate. Within the ecology of the planet, humanity itself is an example of this.

One possible "steady state" economy may be a continuous froth of bubbles - pockets of exponential growth draining money from the rest of the economy. Seen through the eyes of those riding the bubbles, it would look little different than our exponentially growing economy, you just have a much larger percentage of the population of the edges of society dropping off into the gutter during crashes.

As we get closer to the limit of *global* economic growth, is there really any point at which we shouldn't still reward *local* economic growth? Do the merits and flaws of different economy systems really change depending on whether or not you are playing a zero-sum game?

Space increases as r^3 (give or take a little gravitational bending) and the speed of light limits the rate at which the radius of inhabited space can grow. Any process that depends on exponential growth to maintain stability will quickly overwhelm our ability to expand outwards. At best we buy ourselves a couple more millenia - a blip in cosmic timescales.

Something that deserves more study is the question of why a large monolithic company can outcompete an ecosystem of smaller units in the first place. The existance of large companies seems to contradict all the theory of how a free market is supposed to efficiently self-organize and motivate people.

A small quibble over terminology but in a post-oil world, the capture of energy and the transportation of energy are two seperate problems. "Hydrogen as fuel" is one possible solution to the transportation problem, completely seperate from the capture problem.

If Nortel had booked them as a $4B asset, would they have had to go into bankruptcy in the first place?

He can't because there's a law capping the amount that can be printed bills. However coins are handled by a seperate law that fails to specify a limit on denomination.

Of course a president shouldn't do this - spending authority is supposed to come from Congress, but Congress has given the President contradictory orders: it has passed a budget that mandates spending, then turned around an said it might deny him the authority to raise the money to carry out the orders. At the same time, the 14th Ammendment says that public debt *must* be honored. So how does a president resolve the conflicting orders?.

If the debt ceiling is not raised, then whatever he does whether it's spent or default, will come down to some technicality/loophole. Openly talking about actually doing to the trillion dollar coin or defaulting on debt is basically acknowledging that we're down to the endgame of this silly debate. The Debt Ceiling is a stupid concept - the debate over how far to go into debt belongs in the budget. Cutting it out of the budget and treating it like it can somehow be a seperate issue is just a recipee for pointless bickering and brinksmanship.

The population of the planet isn't going to decrease just by breaking up large countries. You'd be replacing the problems with democracy amongst large groups of people with the problems of diplomacy.between large groups of peoples.

The only moment where my suspension of disbelief ran into problems was a brief technobabble tossaway about the super soldier serum and his "genetic code". So when I got home and googled around a little to learn a little more of the history of what the state of knowledge was between Mendal and Watson&Crick. Now I find myself reading Schrödinger's 1944 book "What is Life?".