Follow Slashdot stories on Twitter

 



Forgot your password?
typodupeerror
×

Comment Re:Austerity fails again (Score 4, Informative) 1307

You'll need to do some googling, I can't teach a full econ class here. But the TL;DR version is that every country that tried austerity has recovered more slowly than every country that didn't. That and the entire justification for austerity was in that one spreadsheet that turned out to have a glaring error.

Comment Re:Austerity fails again (Score 1) 1307

But few have been demonstrated to be an artifact of a spreadsheet error like austerity and then shown to be a failure in practice as well as in theory.

If you are a contractor and have a bad month, selling off the tools of your trade isn't a good way to recover.

Comment Austerity fails again (Score 5, Insightful) 1307

It doesn't help that Greece was forced into an austerity plan in their last bailout. Essentially that kicked off a death spiral. Austerity has already been well discredited (see here, here, and here. Original paper here) yet it keeps being foisted off on citizens everywhere.

I'm not suggesting that Greece should spend money like a drunken sailor on leave, but following a faith based economic theory even after it has been disproven (even to the satisfaction of the writers of the original paper) is not the answer.

Submission + - China's Unsettling Stock Market Collapse (theatlantic.com)

schwit1 writes: The Shanghai index is firmly in bear market territory, down 28.6% since the June peak, while the tech-heavy Shenzhen Composite has fallen 33.2%.

There were also signs on Friday that the stock market turmoil is beginning to reverberate beyond China. The Australian dollar, often traded as a proxy for China growth, is down 1.2% to a six-year low of US$0.7539. The 21st Century Business Herald, a Chinese daily newspaper, on Friday quoted multiple futures traders as saying they had received phone calls from the China Financial Futures Exchange instructing them not to short the market.

China's financial titans are attempting to set up a "market stabilization fund." This doesn't sound good.

Comment Re:Americans setting off fireworks... snicker (Score 1) 40

That was not a normal M1000. It was clearly (badly) hand made or modified. I know this because I used to make fireworks as a hobby until the ATF started hiking it's skirt up and doing the mousey dance every time someone sneezed.

This is an actual M-1000.The message is clear, don't set off fireworks on the patio furniture.

Some of the ones I made might BARELY qualify as a small bomb but those involved 4 oz. of black powder and a well reinforced tube.

You should note that commercial fireworks are mortar shells, not skyrockets.

Now, how many times has your house burned down in all of that? How many skyrockets in your windows?

I can understand you not wanting it daily for months, but surely on the actual holidays it might be nice to not get all bunched up over it.

Comment Re:Why can't this be the law everywhere? (Score 1) 271

Even in "at will" states, there are so many other employment protection laws that firing people for no cause is extremely legally risky

Excuses are dirt cheap. As long as the firing can be plausibly claimed not to be motivated by racial or gender discrimination, it's not much problem. Examples seen in the wild include "not meshing with the workplace culture", "poor attitude", "not a good fit for the job", "cutbacks", etc.

And that's not even including the tactic of creating so many workplace rules that pretty much every employee will routinely violate one or more of them (and at the manager's discretion, be forgiven).

Comment Re:Americans setting off fireworks... snicker (Score 1) 40

OMG you must tremble for hours every time a car backfires! A skyrocket through a window? I have NEVER heard of such a thing happening. Unless you mean an open and unscreened window.

Many people in my neighborhood shoot fireworks every year on the 4th and there has never been a fire.

Your description of a firecracker as a "small bomb" tells me you are permanently set to "overreact".

Slashdot Top Deals

All seems condemned in the long run to approximate a state akin to Gaussian noise. -- James Martin

Working...