Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror

Comment: Re: Great Recession part II? (Score 1) 267

by Cyberax (#49767103) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment

So the solution was the fed pumped vast amounts of money into the system and looked the other way when finance companies were essentially insolvent. A lot of debt got restructured. One group did get punished, under water home buyers were locked in and either had to scrap up enough money to pay or go bankrupt and lose every cent invested.

Yep. Fed actually took over several large financial companies and government provided emergency fiscal stimulus to kick-start the stalled economy. As a result, the recession in the US was not as deep as it could have been.

Europe instead drank the Ayn Rand Koolaid wholesale and went with hard austerity, never mind stimuli. Results are obvious: http://www.tradingeconomics.co... At this point Greece should just exit the Eurozone and leave Germany to pick up the pieces.

Comment: Re: Germany should pay war reparations for WWII (Score 1) 267

by Cyberax (#49767075) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment
There is NO obligation to switch to euro. And there are no fiscal targets for countries that don't plan to do it, so Croatia happily stays with its Kuna, Hungary with foring and Poland with zloty. So far these countries fare much better than peripheral countries that adopted the euro (Latvia, Lithuania, Estonia, etc.)

Comment: Re: Great Recession part II? (Score 1) 267

by Cyberax (#49766503) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment
You are a moron. Fiat currency has nothing to do with the 2008 crisis. It could have happened just fine if people used gold or live rabbits as the currency. The whole problem was caused by a huge shadow banking system that essentially allowed to use private debts as if they were a currency. And since private debts are unbounded and uncontrolled, the amount of this "currency" grew without bounds. Until it crashed, trying to cross over to the world of real money when people started to cash CDOs.

Comment: Re:Any materialized predictions? (Re:Sudden?) (Score 1) 263

Yes, 98-2012 period was unexpected - for some unknown reason atmospheric heating got uncoupled from the ocean heating. So Antarctic melting intensified and Arctic ice loss skyrocketed while the general air temperature growth slowed (it has NOT stopped). The last couple of years the coupling has returned with a vengeance and we'll all be seeing its results soonish.

So yes, if you want to nitpick IPCC then you should provide context and full information. Not just convenient sound bites.

Comment: Re:In other news... (Score 1) 255

by Cyberax (#49744529) Attached to: Energy Dept. Wants Big Wind Energy Technology In All 50 US States
Uhm... I've been using front-loaders pretty much the whole life (and was shocked to find out that they are rare in the US) and I've never had a problem with mildew, except that one time when I left my clothes in the washer for one week. An empty run with a regular detergent fixed it (the clothes were ruined, though).

Comment: Re:In other news... (Score 1) 255

by Cyberax (#49744475) Attached to: Energy Dept. Wants Big Wind Energy Technology In All 50 US States

Detergent is not a disinfectant.

Detergent (and even good old soap) doesn't kill _all_ bacteria and spores, but it's pretty efficient in killing most of active bacteria and fungi (link: http://www.ncbi.nlm.nih.gov/pm... ). That's more than enough to delay the onset of mold long enough for the clothes to dry.

Comment: Re:In other news... (Score 4, Interesting) 255

by Cyberax (#49731277) Attached to: Energy Dept. Wants Big Wind Energy Technology In All 50 US States

Are you really going to get up at 3AM to do laundry? I doubt it.

People on Kauai, HI do this all the time - by setting a timer on a washing machine (electricity prices 8x the national average are a good motivator) . You can also pre-heat water during the nighttime or use solar water heaters during the day.

E = MC ** 2 +- 3db

Working...