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Comment Re:Great... (Score 2) 395

HFT arbitrage largely exists because of the ability to make bids/offers with no intention of completing the transaction. It's arbitrage -only- because they have the ability to act in bad faith in contracting for a sale. Cancelling bids/offers should be permitted only where there is a bona fide reason which would be valid in other contractual context - like typographical errors and honest mistake where enforcing would be manifestly unjust.

Comment Re:Stupid. (Score 2) 386

Minor correction. The decision on whether to count the ballot at the polling station lies exclusively with the deputy returning officer. Scrutineers are, however, permitted to object to any ballot being improperly counted, or spoiled. The impugned ballot is noted by the DRO, and subject to review if necessary.

But you're right, paper ballots work just fine. And counting by hand doesn't meaningfully slow down the process of results for polling stations from being made public.

Comment Re: (Score 5, Informative) 378

I was a scrutineer for one of the parties at one of the polls in the riding I lived in during the last federal election in Canada. There were two other parties at the poll who had scrutineers. Each of the three of us sat around a table while the deputy returning officer counted each ballot, showed it to the scrutineers, and waited for the scrutineers to not any exceptions. When he was done, the ballots were sealed in envelopes (which the scrutineers were permitted to initial on the seal), and placed in a box for delivery to Elections Canada.

At the end, each scrutineer checked their count against the official count by the deputy returning officer. The vote total was checked against the ballot booklets. All counts were consistent with each other, and the total consistent with the number of ballots cast.

In this polling station there were no irregular or spoiled ballots, and we had a count to report to our candidate HQ, and for the deputy returning officer to report to Elections Canada, in less than a half hour after the polls closed.

There's no need for machines to count votes. And the notion that people can't count votes quickly, and accurately is pure bullshit.

Comment Re:Root Cause (Score 1) 433

The same thing that prevents real competition in all high fixed-cost industries. "The market" produces oligopolies where there are very high fixed costs relative to the variable costs. The incumbent advantage is higher, at least for Bell and Rogers. Both can leverage their other product oligopolies in the ISP market. That is, they can offer price reductions, and multi-product discounts out of their existing monopoly rents. So a new entrant would have to enter all the markets (phone, wireless, tv, internet) to be able to compete. The other obstruction to new entrants is that the incumbents have "special deals" and perform upgrades in an area when an incumbent starts a new deployment (like ftth). They can afford to wait out the new provider, knowing that they can get back to their monopoly rents when the new company goes out of business.

Comment Re:Let the cyberwarfare begin. (Score 1) 247

Police and military are effort to no productive purpose, so no they do not create value. Imagine two scenarios. The first is reality, where some people insist on stealing from, and killing each other. In such a world, total surplus from productive effort is higher when a portion of total effort is expended on police and military services. The second is magicalfairyland, where people aren't douchey. That effort which was spent on police and military services in the first scenario can now be allocated to productive purpose. The total surplus in magicalfairyland is the surplus from the first scenario, plus the surplus created by the now productive non-military-and-police-services efforts. So as I said, once again douchebags ruin it for the rest of us.

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