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

 



Forgot your password?
typodupeerror

Comment: Re: Citizen of Belgium here (Score 1) 1223 1223

The loans were not a favor. The loans were to pay back German and French private investors and transfer their exposure to Greek insolvency to the IMF and ECB.

Greece didn't actually get "billions in loans". It got billions of dollars laundered through it's account books and back out to private investors to protect French and German interests.

But I'm mostly ranting at the internet tough guy outlook which is why Greeks are voting down austerity measures as they are: they are a sovereign nation, no you don't own them, and if you're wondering where you tax-dollars are maybe you should ask why your government loaned them all to Greece in the first place?

Comment: Re:Good (Score 1) 1223 1223

Instead of asking for austerity, what the EU SHOULD be doing is saying to the Greeks "you wont get any more money from us unless you get rid of the corruption and collect the taxes your laws say you are supposed to be collecting". If Greece actually collected all the tax the laws say they are entitled to collect, they wouldn't be in the trouble they are in.

Only problem is that the same oligarchs, rich people, big companies etc that are not paying their taxes in Greece are also lobbying the EU under the table asking the EU to reject any Greek bailout plans that involve collecting these taxes.

Great: Greece defaults, leaves the Euro by fiat, the IMF and ECB take a bath (as well as any creditors who weren't important enough graciously bailed out by those two entities), and then Spain, Portugal and Italy do the same only this time the private creditors get to the wear it.

So buy buy any bank in Europe still exposed to that. Was your bank smart enough to avoid exposure like that? Are you sure?

People who think the solution is "stop giving them money" clearly don't know what a debt default actually is. Hint: it's when you stop giving them money.

Comment: Re: Good (Score 1) 1223 1223

Except for the fact the Greeks voted the Anti Austerity party into power.

And so why not?

Austerity is code for "fuck the poor, the middle class, and anyone who can't afford a private yacht and an overseas bank account".

Why should the Greek people suffer for the whims of French and German financiers and their ability to manipulate their governments to shield them from their mistakes at the expense of the Greek people?

A default looks pretty god damn similar to austerity measures, with the massive benefit that suddenly you can trade in your own currency again, and because it's so cheap you have a competitive advantage.

Comment: Re:Citizen of Belgium here (Score 1) 1223 1223

No, no they shouldn't. The Federal government exercises federal power over AIG (or can, if they chose to wield it). Banks do not exercise federal power over the Greek federal government, which is thus the problem. In this situation, a floating currency is good because it lets regular market signalling hit the Greek government and allows business and investors to set their prices appropriately. Sans that, with the Euro, and you've got this situation where the Greek government cannot simply let it's currency devalue and (mostly, sans huge corruption) let natural market forces sort things out.

Comment: Re:Citizen of Belgium here (Score 4, Interesting) 1223 1223

This is an incredibly stupid idea borne of holier-than-thou moralizing about currency valuations. You know why Germany wanted everyone in on the Euro? Because sans Euro, German exports drive the Deutschmark through the roof, German exports promptly tank, and everyone else has a fair shot of attracting investment, business and industry to setup those export economies in "weaker" nations.

The Euro doesn't work because it's an economic union without political union to match it. The currency represents a bizarre aggregate of political goals, rather then allowing the efficacy of policy in individual regions to drive it. What's really going to bend people's minds is when Greece exits the Euro and then runs a mini-economic boom on the back of cheap Drachma making investment suddenly very attractive again.

Comment: Re: Good for greece (Score 1) 1223 1223

You think you're being ironic, but yes. That is exactly what can happen sans purchasing IP.

Making a car isn't difficult - it's jut not cost-effective if you can import them more cheaply. A devalued Drachma would make that no longer the case, and could very well inspire new local automakers to fulfill a demand. There's a plenty long history of recessions causing exactly this.

Comment: Supply chain injection (Score 3, Interesting) 163 163

I'm curious how you'd actually inject these into the supply chain.

At the minimum it seems like you'd need some undercover work, and to be really effective the best way would probably be to catch and turn some of the actual dealers. Conversely, I suppose it wouldn't take more then 1 or 2 deals-cut in order to seriously undermine and devalue the entire trade.

Comment: Re:There is no such thing as non-empirical science (Score 2) 364 364

String theory has in no way become dogma, except to those who keep looking for drama where there is none.

No one's going to be rejecting LHC results which explicitly refute large chunks of string theory (and lets be clear: every particle accelerator has been setting some fairly rigorous bounds on all sorts of hypotheses over the years). Just as people were plenty interested in a possible confirmation of neutrinos moving faster then light in a major experiment.

Comment: Re:Desktop replaced by laptops, pads and phones? (Score 1) 155 155

disagree. These mobile devices are useful when on the move but next to useless for doing real work.

Most people never do real work on their computing devices, so it is difficult to understand your objection, which seems to be based on a total lack of understanding of how most people use them. The majority of people spend almost literally 100% of their time in the browser, and would be best served by a Chromebook, tablet, or phone, depending on whether they write much and how much screen real estate they need. For watching larger media, there's Chromecast.

I am not actually a big fan of the everything-is-connected-we-know-what-you're-watching Chrome video ecosystem, but for the average person it's probably a very good choice.

I guess all those computers in offices are just for show? All the people who schedule and calendar with their cellphones are faking it? My friends laptops at home which absolutely have to have Office and a VPN aren't real?

You know where Windows 8 and all the other UI mis-steps of the last few years have come from? This exact, elitist, "I'm an IT Guy" sentiment.

Comment: And here I am about to ditch Chrome... (Score 3, Interesting) 102 102

And here I am about to ditch Chrome for Firefox because the 4+gb of memory usage on desktop with a bunch of inactive tabs open is meaning I can't really do work properly anymore because my machine is liable to lock up from running out of memory. And this isn't hundreds of tabs - it's like, 30-40 tops.

"There is such a fine line between genius and stupidity." - David St. Hubbins, "Spinal Tap"

Working...