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Comment: Re:Too many protective measures (Score 1) 328

by Dilaudid (#39596487) Attached to: World Is Ignoring Most Important Lesson From Fukushima
Dead vs, can't sell produce. Hard choice? On the other hand, we can walk straight into a climate change catastrophe, trying to mitigate it with vaporware (subsidised by the US and German govts). It's lucky we ditched the probability theory early on otherwise this argument would start to look like suicide.

Comment: Re:And the ranking means what? (Score 1) 427

by Dilaudid (#38837157) Attached to: US Plummets On World Press Freedom Ranking
One thing I noticed is they didn't proof-read their press releases. I guess broken english is appropriate though, since they are representing journalists. "The United States (47th) also owed its fall of 27 places to the many arrests of journalist covering Occupy Wall Street protests." http://en.rsf.org/press-freedom-index-2011-2012,1043.html

Comment: Re:Your cultural riches have just been plundered (Score 1) 536

by Dilaudid (#37384630) Attached to: EU Extends Music Copyright to 70 Years

There is no moral or philosophically defensible position that says someone needs to own a song or a movie for 70 years. The only explanation is greed overstepping all sense of proportion and reason. Disgusting. It just moves me with great anger to make sure I will do my best to hurt the bottom line of those who think dollar signs are more important than the common property of mankind.

You actually go further than this in your sig - "intellectual property law is philosophically incoherent". Does that mean you wouldn't mind if I just copy and re-post all of your comments as my own? If, in an exam, I copied you and your friend's answers, and through doing so raised the pass grade, so through my actions I passed and you both failed - would that be fair? If a hedge fund manager steals information on a stock, and through doing it makes money, is that wrong? I'm not criticising your views - I agree this legislation is horrible. I would just be interested from a philosophical sense, what you believe.

Comment: Re:only gadgets (Score 1) 378

by Dilaudid (#37104644) Attached to: Which Company Is the Largest?

what is the future of a civilisation whose most capitalised stock is gadget manufacturer?

The future is tech rather than oil.

It seems perfectly fitting to western society. When Papua New Guinean natives first met western GIs and explorers, they noticed one major difference between our societies - the westerners had more "cargo" - cargo being sharp knives, jeeps, planes, radios, tinned food. This is the one area which the west has consistently outperformed, and has led to the dominance of our society over all others. The ipad is just the latest useful tool that has been produced. In the 40s, the future looked bright for the west, and not so bright for the Papua New Guinean natives. Might I suggest that today, things look bright for Apple, but not so bright for Exxon?

Comment: Re:Surveillance cameras (Score 1) 682

by Dilaudid (#37041072) Attached to: Technology Blamed For Helping UK Rioters

With all the surveillance cameras in London one would thought that is has to be the most secure city in the world. Oh the irony.

And you know what the really strange thing is? After these riots, you can bet there will be a whole lot more CCTV cameras, and police, and I suspect that Theresa May is quietly reviewing the costs of getting a water cannon fleet. And what is even stranger is that the British people will be right behind her. Strange thing is, when people see their houses being burnt down, they stop caring about whether a CCTV camera guy might take photos of a stupid girl that leaves her curtains open, and start thinking it's nicer to lose a bit of privacy than be burnt to death. Funny old world, isn't it?

Comment: Re:Forgive us the gloating (Score 1) 1040

by Dilaudid (#37024816) Attached to: S&P's $2 Trillion Math Mistake
UK is AAA because we have a competent government which has undertaken spending cuts, even at the cost of riots. It also helps that our debt is denominated in Sterling, so we can print as much as we want - of course the same is true of the US, but Standard & Poor's Credit Ratings never have been very good at actually rating credit. Remember when they downgraded Japan, then had to upgrade them again :)
Government

S&P's $2 Trillion Math Mistake 1040

Posted by CmdrTaco
from the show-your-work dept.
Last friday Moody's S&P announced that they had downgraded the U.S.'s credit rating (leading to a pretty huge discussion on Slashdot I might add). Since then more interesting news has come out, suraj.sun writes "In a document provided to Treasury on Friday afternoon, Standard and Poor's (S&P) presented a judgment about the credit rating of the U.S. that was based on a $2 trillion mistake. After Treasury pointed out this error — a basic math error of significant consequence — S&P still chose to proceed with their flawed judgment by simply changing their principal rationale for their credit rating decision from an economic one to a political one. S&P incorrectly added that same $2.1 trillion in deficit reduction to an entirely different baseline where discretionary funding levels grow with nominal GDP over the next 10 years. Relative to this alternative baseline, the Budget Control Act will save more than $4 trillion over ten years — or over $2 trillion more than S&P calculated. S&P acknowledged this error — in private conversations with Treasury on Friday afternoon and then publicly early Saturday morning. In the interim, they chose to issue a downgrade of the U.S. credit rating."

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