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Comment: Re:Great Recession part II? (Score -1) 239

by jcr (#49766425) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment

It's almost universally acknowledged that the GFC was caused by a LACK of regulation in the US mortgage market

Nope. We were regulated right into this mess. The Fed shit out a never-ending supply of magic rubber inflatobucks, holding interest rates below the inflation rate. The bubble was a symptom, not a cause.

-jcr

Comment: Re:Still no 16:10 panel? (Score 1) 107

Is it a 20"? I need another one of those so that I'll have three matching monitors. I have a 25.5" IPS at 1920x1200 that I'm willing to let go of. It's very very old so it has ghosting f'reals, but otherwise it's awesome. My two 20" 1680x1050 displays are at different color temps, but I have an i1 Display LT so I can mitigate that problem.

Comment: Re:Funny, that spin... (Score 1) 264

by drinkypoo (#49766311) Attached to: What AI Experts Think About the Existential Risk of AI

To be fair, he funds the Machine Intelligence Research Institute, which is devoted to mitigating existential risk from AI, and is surely getting very detailed reports from them, making him a highly knowledgeable layperson at worst (a direct expert at best).

Just playing the devil's advocate here, funding the creationism museum doesn't make you an expert on god

Comment: Re:Everyone is going to the Moon... (Score 1) 84

It's Planetary Resources that wants the U.S. to break the treaty. Remember that name. No doubt it will become the Wal-Mart of outer space.

If that's the price of actually developing space industry to the point of having a Wal-Mart of outer space, so be it. Then I can buy me a space ship and fly... past the sky.

Comment: Re:And so preventable (Score 1) 142

Its hard to convince Americans in general to wear seat belts.

Really? 87% of Americans wear them as of a couple years ago. Though young knotheads still wear them at a considerably lower rate than the national average, as do African-Americans (the young knotheads I understand, not sure why the African-Americans do it).

Comment: Re:Everyone is going to the Moon... (Score 2) 84

Never mind that mining is illegal [vice.com] under existing space treaty.

Actually, no. The Treaty in question makes it illegal for GOVERNMENTS to lay claim to celestial bodies. It doesn't appear to say much, if anything, about what private individuals do in space (probably because noone imagined the possibility of private individuals doing anything in space when the Treaty was made).

Note that it could be argued that property rights are granted by a government and so it is impossible for a private citizen/corporation to do anything in space without government approval, which would be tantamount to a treaty violation.

On the other hand, history is pretty much full of private individuals going out beyond the territories of any existing government, and doing pretty much what they liked there. Note the colonization of the Americas as an example.

Comment: Re:Just wait, Islam will lead us to another one (Score 1) 52

by ultranova (#49763709) Attached to: Universe's Dark Ages May Not Be Invisible After All

Banning Mosques is cultural self-defense.

You mean cultural suicide. After all, it violates the freedom of religion, which is absolutely vital for the marketplace of ideas to exist. That marketplace is the essence of Western Culture, underlaying every currently reigning local ideas.

The only thing mosques do is give the local populace a chance to copy whatever good ideas Islam might have, and of course the other way around. And the only ones it threatens are those who are on top in current status quo and wish it to remain.

Comment: Re:To be more precise, Amazon will collect on taxe (Score 1) 222

by ultranova (#49763423) Attached to: Amazon Decides To Start Paying Tax In the UK

Raise the tax rate to 75% of the corporate profit and see what happens...

Companies will reinvest revenue rather than pay it out as dividends. Also, stock prices fall as future expected dividends are cut by 75%, and then rise again as said reinvestment makes economy grow faster.

Actually, this could be just the stimulus economy needs...

Comment: Re:To be more precise, Amazon will collect on taxe (Score 1) 222

by ultranova (#49763375) Attached to: Amazon Decides To Start Paying Tax In the UK

The only way to do that is raise prices.

If you can make more profit by rising prices, why haven't you done so already?

If I am unable to raise prices that far, then I'll invest the $10 million of capital somewhere else.

"Somewhere else" is taxed too, so it'll do you no good. You'll simply have to settle for a level of profit the market can offer, the same as everyone else. Of course, you could sit on your $10 million and let inflation eat it away.

If my current profit is $1 million and you now say it will be only $100K due to new taxes, then either my prices have to go way up, or the product/service won't be offered.

In the latter case your profit will be negative due to inflation. $100K is the best option you have. And, should you decide to pass as a protest or whatever, that's okay too, your competitors will gladly expand their market.

There's no such thing as a free lunch. -- Milton Friendman

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