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Comment Deregulation? Let's ask Enron! (Score 4, Insightful) 551

Just look at all the "innovation" that companies like Enron brought to a deregulated energy market! Let's ask California how well that worked out for the average consumer. While we're at it we can look at deregulatory laws like the Commodity Futures Modernization Act and the repeal of Glass-Steagal that enabled such "innovation". The "free market" for oil is now run by speculators who can buy and sell contracts for millions of barrels of oil but never have to take delivery, creating false demand and squeezing millions of dollars a day from average americans as they have to pay over $3.00/gal to fuel their vehicles. What else has deregulation done? How about all those nasty little unregulated derivatives such as MBS(mortgage backed securities) that imploded the world economy? That's financial "innovation" like the world had never seen before. All thanks to deregulation, yay!
Businesses

How the Free Market Rocked the Grid 551

sean_nestor sends in a story at IEEE Spectrum that begins: "Most of us take for granted that the lights will work when we flip them on, without worrying too much about the staggeringly complex things needed to make that happen. Thank the engineers who designed and built the power grids for that — but don't thank them too much. Their main goal was reliability; keeping the cost of electricity down was less of a concern. That's in part why so many people in the United States complain about high electricity prices. Some armchair economists (and a quite a few real ones) have long argued that the solution is deregulation. After all, many other US industries have been deregulated — take, for instance, oil, natural gas, or trucking — and greater competition in those sectors swiftly brought prices down. Why not electricity?"

Comment Re:Oracle? (Score 2, Interesting) 228

I call bullshit on Fran. I work with OEL and RHEL everyday at work. I have done a bunch of installs of RAC on both platforms over many years and support many clusters both in house and at customer sites. There is hardly a difference between the two distro's at all... the main difference is some tweaked entries in /etc/sysctl.conf and their "custom" kernel, which will more than likely turn out to be a tool they use to lock you in to their hardware/software stack even more. Oracle software itself isn't terrible, RAC is a nice, speedy database but as a company they're despicable. Before we made the giant, multi-billion dollar enterprise wide switch to OEL, they blamed any issue on RHEL even when RHEL support could prove it was Oracle's code that was fubar. Literally a day after the contract is signed... "oh yeah, there's a problem with our software code, it wasn't a RHEL problem after all... sorry about that, here's the fix". Even to this day with all their supposed hacking of their kernel and uber-custom sysctl.conf entry, they still blame every goddamn problem that we or a customer has on something else... hardware, network, the moons gravitational pull, etc... Their support is atrocious, filled with people who have no interest in actually fixing your problems and quite frankly are well... idiots. If I ever have a hand in any future business decisions for my current company or any other company I ever work for, I will always vehemently recommend against Oracle because their business model is a nasty mix of vendor hardware/software stack lock-in and extortion.

Fuck Oracle. At least RedHat appreciates your business, is uber-helpful if you do have a problem and really quick to fix things if you can prove to them through kernel dumps or some other means that the OS is having an issue.

Comment Re:Because it works? (Score 4, Insightful) 218

Exchanges make boatloads of money off of High Frequency Traders(HFT). While their algorithm mows through a ton of investors stops, causing thousands of people to lose money, their algorithm gets the benefit of the doubt as any trade after a certain percentage swing gets nullified by the exchanges. In short, they get play by different rules then other investors. The easiest way to stop all this HFT flash crash shenanigans is to declare all trades of a freaked out algo valid. Then the people responsible for that algo lose tons of cash, as they rightfully should. That loss should incentivize banks and their programmers from writing shitty programs that freak out the markets. As it stands right now the banks and their algos have a win win situation. They get to make millions when their algos work but when their algo's freak out, the exchange gets to declare the trades invalid. Make the trades the algo makes completely valid and I guarantee you won't see algos freaking out as often.

Comment Re:I love it (Score 1, Insightful) 837

Without a doubt, at an absolute minimum, thousands of innocent people/families have paid for the arrogance of the United States as a pre-emptive aggressor that starts and continues unjust wars for years and years.

There... fixed that for you.

Why is collateral damage acceptable when it's justified by the war machine, but not acceptable because of the leaks that wikileaks published? WIkileaks does much more to preserve our true freedom then the Military Industrial Complex and 1 TRILLION/YR in defense spending will ever do.
The Almighty Buck

Up To 90 Percent of US Money Has Traces of Cocaine 441

mmmscience writes "Scientists have found that up to 90% of US paper money has some cocaine contamination, up from the 67% mark measured two years ago. Looking at bills from 17 cities, it's no surprise that the city with the highest level was Washington DC, where up to 95% of bills gathered there tested positive. From a global standpoint, both Canada and Brazil tested rather high (85% and 80%, respectively), but China and Japan were well behind the curve at 20% and 12%. The researchers hope that studies such as these will be of help to law enforcement agencies that are attempting to understand the growth and flow of drug use in communities."

Comment Re:A fool and his money are some party (Score 3, Informative) 414

A great read on team owners and how they get cities to publicly subsidize their investments via stadiums is "Field of Schemes: How the great stadium swindle turns public money into private profit" If I remember correctly one of the big problems is that there is federal legislation that prevents muni's from profiting in certain ways off of such deals, which makes the team owners the defacto profiteers in the whole shebang. This is the biggest problem that I have with modern sports. I'd be refreshing to see more muni's that actually own the teams, such as the Green Bay Packers. I'm not against subsidizing sports, but I am against it when it becomes just another mass of public money going into private pockets.

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