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Comment: Re: ENOUGH with the politics! (Score 4, Interesting) 1074

by DrLang21 (#49739371) Attached to: Los Angeles Raises Minimum Wage To $15 an Hour
I don't know if that is true or not. Since I moved to Southern California, it has occurred to me that if I had a kid, I don't know what kind of menial summer job they could get. The things I used to do are just not options for a kid here. Cut grass? That is already dominated by day laborers and professional get ups. Flip burgers? I do see some younger people doing that but it appears to be far more dominated by adults than where I grew up. Paper delivery routes are done by adults. Hell even picking up dog poop is a job for the career man out here. There does not seem to be much left for a young teenager.

Comment: Re: Dividends (Score 1) 335

by DrLang21 (#49723513) Attached to: Stock Market Valuation Exceeds Its Components' Actual Value
I mean, the reason I buy such a company is because it works and because keeping up with our economic system essentially depends upon participating in the system. It's lower risk gambling. The few companies I have invested in that pay good dividends always give me bigger headaches come tax time than its worth.

Comment: Re: Dividends (Score 1) 335

by DrLang21 (#49722341) Attached to: Stock Market Valuation Exceeds Its Components' Actual Value

Why is that dumb? That's true of ANY asset.

Not true. My car has tangible value. My house has tangible value. My furniture has tangible value. My stocks do not have tangible value except for the dividends they pay me. Cash is the only value I receive from a stock, and if its not coming from the company, the company is not actually creating value for me. The value becomes more like a collectable.

In fact even if they are paying a dividend all the company is doing is transferring money to you that you already own as a shareholder.

Cash can buy me tangible value. I have to trade stocks for cash before they can be used to buy tangible value.

A dividend pay out implies that the company does not believe that it has investment opportunities available to it that would outperform those available to the shareholder.

That implies that stock value is directly related to the real value of a company. It is not. As a former 3D FX shareholder, I can guarantee you it is not.

Comment: Re: Does not understand the market, obviously. (Score 4, Insightful) 335

by DrLang21 (#49720425) Attached to: Stock Market Valuation Exceeds Its Components' Actual Value

When you sell a company, you're also selling the "good will" and other value inertia things like brand familiarity, the value that will come from having the company in the future, etc.

These days it is often far dumber than that. Unless a company is paying a dividend, the only value you have is what someone else is willing to pay for it. In the age of worshiping the Almighty Growth, dividend payouts are more scarce than they once were and you can't expect a fledgling company will ever pay out. Stocks like that are little more than trading cards. It's just a popularity contest slightly regulated by supply. Actual earnings reports in these cases are only meaningful in the sense that people make buying decisions based on them, but with them having no direct impact on actual value.

Comment: Re:give it up (Score 1) 84

The example of theft of service is a stretch for this case. In all of the examples given on Wikipedia for theft of service, real resources were consumed in a manner that is not replacable. In the case of copying data, the most you suggest is that he was stealing his own time on the clock. But there is absolutely no precedent to allow for that.

Comment: Re:This is not a matter of neutrality (Score 3, Informative) 438

by DrLang21 (#49584705) Attached to: Rand Paul Moves To Block New "Net Neutrality" Rules

If telcos decide to meddle with anything above they should
- lose common carrier status and become co responsible.

ISPs are already not classified as common carriers. That's why this whole debacle is even being discussed. The most obvious solution is for the FCC to classify them as the common carriers that they are.

Comment: Re: We need More Pork! More! (Score 1) 370

by DrLang21 (#49424715) Attached to: How the Pentagon Wasted $10 Billion On Military Projects
It could certainly change the dynamic to have more than two parties in office. But I can't imagine getting a third party in office would come without generational change. Even when there are third parties on the ballot, there is a perception that it is a wasted vote, so people don't bother. Campaign financing and access to the major privately funded public debates is a big part of the issue. When Perot had both, he demonstrated what was possible. But funding is a serious problem and since debates are privately sponsored, the government can't force candidate inclusion. Maybe I am too dire on the situation. But forced run off elections and guaranteed ballot inclusion don't really go very far to promote change. Money is the problem. And now with corporations opening their pockets to candidates and parties more than ever, the problem seems to be worse than it ever has been.

Comment: Re: We need More Pork! More! (Score 1) 370

by DrLang21 (#49422629) Attached to: How the Pentagon Wasted $10 Billion On Military Projects
The real reason moderates have been tossed aside is because it is a lot more expensive to campaign to them. All politicians have figured out that it is much more cost effective to divide people into an us vs them mentality and drive them to the polls through fear. You will no longer find many successful candidates who campaign to the middle because it just requires too much damn money. How can you compete when your opponent can spend orders of magnitude less per vote that you can trying to run a sensible campaign? The only long term solution is to raise children to think independently and to have enough emotional maturity to break away from the group when it goes insane. Hopefully over time the middle can be strengthened to the point of making FUD campaigns not cost effective any more. It doesn't look too though because even if the "independent" vote is growing, I see no evidence that they do not fall into a right or left camp.

Comment: Re:screw the system (Score 5, Insightful) 284

by DrLang21 (#49209687) Attached to: UK Gov't Asks: Is 10 Years In Jail the Answer To Online Pirates?

Prison is also supposed to be for punishment.

He said should. I have to agree with his sentiment. When people go into prison, they spend years learning from the worst of society. When they get out, no one will hire them for a serious job with their record. So when you put people in prison who are not dangerous, you are consciously deciding to transform them into a dangerous person. This is about as counter productive of a justice system as you can get.

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