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Comment It is not a bank or brokerage account. (Score 2) 230

It is one of those mail-in-rebate houses. I am surprised there are people who still use them. The whole idea is a scam. To help them advertise a low low price, but small print reveals mail-in rebate to get the advertised price. I stopped using them long ago. They rely on consumers not bothering to send in the rebate coupons. Looks like now they allow the mail-in rebate to be claimed over the net, and the proof of purchase could be credit card statements.

It is a security hole and all the dire warnings by others are true. Most of these companies are run by people with no IT or computer expertise. The top man is going to haul the IT dept on the carpet and demand an explanation. You think the IT chief is going to admit that he/she was running a moronic system? No, she/he is going to shift blame and find some convenient scape goat. Given the top honchos don't know much about anything other than their bonus calculation, IT chief is going to claim, "It is a hack! That guys hacked into my super secure site". Then the PHBs running the company would call in the lawyers and make a mess out of the situation.

One thing the anonymous guy can do is to call the company that issued the mail-in-rebate and tell them, the outfit they had out sourced their rebate processing has holes in the system. Now it is the very big company that issued the rebate coupons run by PHBs fighting a smaller company that got the rebate processing contract run by PHBs. And quietly withdraw without drawing too much attention.

Comment Re:Just a distraction from the real fail... (Score 4, Informative) 47

There's tons of very skilled and usually-careful criminals in prison.

The above is complete bullshit.

The prisons house people who were sloppy, stupid, and lazy.

The smart criminals are in political office and on boards of corporations.

No. Medium level smart criminals become politicians. The real top level smart criminals become C?O of publicly traded corporations, usually banks, and mutual funds. The super smart criminals buy the politicians to provide safety net for the smart C?O criminals and they remain largely opaque to scrutiny.

Comment SCOTUS is acting early. (Score 2) 531

In a surprising move the Supreme Court of the United States took unprecedented action, active pro actively they endowed artificial intelligence with political beliefs, religious beliefs, freedom of expression, right to form associations, the right to petition government, and voting rights. Chief Justice Roberts said, "What the heck? Why wait for some astro-turf group to fake a grass root campaign, force a pointless lawsuit and wind its way all the way back to us? This is more efficient."

Comment technology has always destroyed jobs (Score 2) 257

Technology has been decimating jobs since the industrial revolution. But all the jobs destroyed were in India and China. They had 25% of the world GDP before industrialization. They had even higher fraction before the age of exploration distributed cash crops (sugarcane, tea, coffee, breadfruit, cotton) around the world. So for centuries all the philosophers, economists and sociologists did not even understand the full impact of the industrialization. Mostly they saw it as political issues, colonialism, anti-colonialism, etc etc.

Read the The Rational Optimist by Matt Ridley to get an idea of the doom and gloom being predicted for centuries. Matt takes the view all these gloom predictors were wrong and the industrialization is an unadulterated success for humanity. He seems to think humanity consists of Europe and USA. This review sums it up nicely

The job destruction is also accompanied with wealth transfers and power transfers. Finally the job destruction finally lapped up the shores of Europe and USA by 1980s. Slowly middle class of America is waking up to what has been done to them. Their jobs are gone. The "wealth" they have as home equity is a fickle fictional paper gain. Their pensions are gone. Their investments in 401K funds is being used to transfer more power to the top 0.5% of the rich.

Typically very smart and hard working people end up in the top 2% by income and usually end up in the band 98th percentile and 99.5percentile. (To reach the top 0.5% you must have inherited wealth or take huge risks and be lucky). The wealth transfers from third world to industrialized nations had run its course, wealth transfer from the bottom 80% to top 20% has run its course. Till then these guys were very happy and egging it along. Now there is no real wealth left below 90%. The momentum of the economic policies set in motion by them is taking money from the 90 to 98 band and moving it to the top 0.5%.

If you finish college and get in to the 99% cut off entry level salary and stay exactly at the 99% cut off all through your career, it is not enough to get you into the top 1% by wealth (5 million according to IRS and 8 million according to the feds). Till about 2000s, top doctors, lawyers, accountants routinely made it to the top 1% without inheritance. Not any longer. Citation provided

Comment Paywall and some pdf rendering (Score 1) 148

Looks like the linked site is a pay wall or something. Renders the article in low res, throws a lot of pop ups. It seems to be a bad mash up of javascript running flash and pdf. Malware purveyors dream.

Wonder why the editors let such bad sites and auto playing videos to be posted.

Comment Solar hurts the profit margins a lot. (Score 2) 374

Typically the grid operates at full load on sunny days in the afternoon when all the airconditioners are at full blast. The spot price for electricity fluctuates a lot. And most utilities buy and sell power in this spot market where they make most of their profits. The base load is just 40% of the peak load and there is so much of excess capacity electricity basically sold at cost or at a loss.

Enter, Solar.

It provides power exactly when the demand peaks. If solar meets the peak power demand, the spot price for electricity will fall. For brief period an Australian utility had to sell power at *negative* prices at the peak! There was so much solar power feeding into the grid, they had to pay people to take their power, lest their generators overheat and burn.

The amount of solar electricity created might be small in terms of energy produced. But when it comes to profits, this probably cuts deep into the profits of the utilities.

Eventually the utilities will reduce their peak capacity to create an artificial shortage and trade. The net metered roof top solar energy is bought back at wholesale prices by law. They typically get sold instantly in the spot market at peak prices. The utilities are making tons of money on the net metering, all their talk about roof top solar being free loading is just bull shit.

Comment Eminent domain for IP (Score 2) 245

The whole concept of Intellectual Property is created by the government, and you need government to enforce it. When regular real estate is subject to eminent domain, why patents, copyrights etc should be above it? If some drug company develops a drug that can cure Hep-C and is profitable enough to sell it in third world countries for 20$ a dose, but insists on charging 160,000$ per dose for USA, I think the government should just step in, take over the patent based on eminent domain, pay the company something along the lines of what is suggested in the summary. Take a billion or two, and the entire cost of development, testing and regulatory approval too. But we can't let the drug companies game our government and treat us like a milch cow.

Comment What about ear tags? (Score 1) 87

You know there is this well proven technology, that has been used for more than 200 years by the ranchers. Just punch a hole through the ear lobe and slip in a string and a token. We can modernize it by making the token RFID.

Why don't we ask the question, "Does putting RFID ear tags on the employees improve Business?

Looks like the Business will not rest till it turns every fiscal conservative who still believes in the free markets into foaming in the mouth rabid raving lunatic communist.

Comment Rats are still the reason. (Score 3, Informative) 65

The abstract says:

This pandemic is generally understood as the consequence of a singular introduction of Yersinia pestis, after which the disease established itself in European rodents over four centuries.

The microbe lived in the damned rats for 400 years. The rats are responsible for black death. The article merely claims the microbe originated in Asia and was introduced to Europe via gerbils on the land route.

writing from memory, any errors mine, not the article's:

Original theory was that the microbes could not survive the cold climates and long distance travel of the silk road. But the direct sea route shortened the journey and provided a warmer passage. Thus the black death microbe traveled on rats on ships. This article moves the date of introduction of the microbe to 1347 CE, at least 130 years before Barthalomiyo (sp?) Diaz rounded cape of storms, and Vasco Da Gama reached India.

Comment Not All H1-Bs are same. Conflated data. (Score 1) 176

There are tons of people from India, China and many other countries who do graduate studies in USA in student visa F1. Then they get to work for 12 months as "Practical Training" period. If they hold a STEM degree they get an additional 15 months. After that they get H1B and stay on it till they get their green cards. This group will get very competitive salaries and they are usually world class graduates demanding and getting world class salary.

Then there is a whole different set of H1Bs, fresh from India, no American degree or qualifications. The claimed Indian degree and qualifications are often unverifiable. Their quality of work is poor, their educating is poor, their English is poor. For them even a 45K a year is paying them too much.

Most slashdotters think the corporations lobby for H1B to depress wages for Americans. No, people. They don't care whatever pay you get. They are not paying for it out of their pocket. The real reason is corporate corruption. Many top executives of these American companies own shell companies through intermediaries. These shell companies get the contract to supply warm bodies to the corporations they manage. They sign both sides of the contract, one as the CIO of XYZ corporation and the other side as the owner of some shell company contracting with XYZ corporation. Indian companies like TCS, Infosys, Cognizant, Wipro get contracts from these shell companies. They knowingly supply substandard workers with fake resumes and fake work experience. They know it will not be scrutinized well. They know the H1-Bs will play along with the fake resume. Every step of the way the billing rate is padded up. It is them who actually spend tons of money to lobby the congress.

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