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Canada

+ - Canada purges asian woman scientist from new $100 polymer bill->

Submitted by U96
U96 writes: The Canadian Broadcasting Corporation recently reported that the Bank of Canada purged the image of an Asian-looking woman from its new $100 banknotes after focus groups raised questions about her ethnicity.

"The original image intended for the reverse of the plastic polymer banknotes, which began circulating last November, showed an Asian-looking woman scientist peering into a microscope."

"The image, alongside a bottle of insulin, was meant to celebrate Canada's medical innovations."

"But eight focus groups consulted about the proposed images for the new $5, $10, $20, $50 and $100 banknote series were especially critical of the choice of an Asian for the largest denomination."

Petition already started:

http://www.change.org/en-GB/petitions/bank-of-canada-restore-the-proposed-asian-woman-scientist-to-the-new-polymer-100-bill

Link to Original Source

Comment: Re:Patent troll == bailiff = useful although unlov (Score 1) 220

by U96 (#40137045) Attached to: Patent Troll Now Armed With Thousands of Nortel Patents

Damn, I did not know that banks and lending did not exist before 1997.

Chapter 11 sets a different threshold and regime for repossession, but it's still possible to repossess. What is interesting are the studies that show how the cost of borrowing increased after Chapter 11 was introduced in the U.S.

Comment: Re:Patent troll == bailiff = useful although unlov (Score 1) 220

by U96 (#40131619) Attached to: Patent Troll Now Armed With Thousands of Nortel Patents

problem is the credit industry has the responsibility to VET who they loan to.

You can't just say 'VET better'! Vetting presupposes that you can calculate the risk of default, and the likelihood as a credit company that you'll have to incur the cost of repossessing. If there's no ability to repossess, then vetting is pointless anyway -- only an irrational credit companies would take any such risk.

This isn't arm-chair theorizing. There are countries where home repossession just isn't the done thing (mostly for religious reasons) -- in those countries, any rational vetting procedure would produce the answer: don't loan anything. And this is exactly what happens.

Comment: Patent troll == bailiff = useful although unloved (Score 1) 220

by U96 (#40130735) Attached to: Patent Troll Now Armed With Thousands of Nortel Patents

I am not a lawyer, and I wouldn't usually defend them, but... [sticks head above parapet]

Humour me an analogy: Nobody likes it when a bailiff comes to your door. But the reality is that if there were no bailiffs to repossess property bought on credit when you didn't pay up, then no-one would loan money. For example, in countries where there is a cultural/religious aversion to repossession of homes, it's almost impossible to get a mortgage, and overall rate of home ownership is lower -- the law of unintended consequences here is that if you as a society refuse to kick people out of their homes, fewer people will actually be able to own their own homes.

I think a patent troll company like this is similar. Nortel engineers worked hard to invent stuff. Shareholders of Nortel invested in the company to pay for that stuff to be invented. The value of these patents as assets which could be sold off is in effect a form of 'embodied energy' created in Nortel. Remove the ability for companies like Rockstar to exist and to seek out license fees from stuff Nortel investors paid Nortel engineers to invent them in the past, and you've retroactively denied those investors from some of the return on their historical investment. The end result moving forward is that people will invest less.

Patents serve a purpose, as does their expiry. I could back a plan to shorten patent lifetimes for some classes of patents, but I believe doing away with the whole system would be counter-productive to innovation.

Comment: You forget - 30+ million troops already landed (Score 1) 342

by U96 (#34872474) Attached to: US Twitter Spying May Have Broken EU Privacy Law

Comment: I fail to see how it's efficient capitalism... (Score 1) 1197

by U96 (#31233378) Attached to: Health Insurance When Leaving the Corporate World?
... to force someone who wants to start up his own business to squander his time with concerns like this. Given the amount of taxpayer dollars spent per capita on healthcare in the U.S. compared to other western countries, it's certainly not an efficient use of taxes either...

Comment: Re:Foreign students at University of Waterloo (Score 2, Insightful) 1343

by U96 (#30981902) Attached to: Students Failing Because of Poor Grammar
The article would have been much more informative if it had included information about how many of the students failing didn't have English as a mother-tongue. I have interviewed and on occasion hired many U of W students who by virtue of being e.g. Chinese-Canadian had poor English skills but were nevertheless bright and good communicators.

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