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This. To give a few more details as to what the article says though. Basically, even assuming they have some genius computer that can parse the announcement made at 2pm and execute these trades within 1 millisecond or less, it would be physically impossible for the news to have been received that quickly. The trades in Chicago were executed 2ms after 2PM. The speed of light dictates that the news (assuming no barriers or other latency) would take at least 7ms to actually reach Chicago from where it was announced.
So, in summary, no matter what these crooks try to say to fool a jury with favorable circumstances, it is physically impossible that they did not know about this news before 2PM
The hilarious irony of this is how many teachers are committing "piracy". My math teacher had an old out of print workbook that he would make copies of(single pages, not the whole thing) and hand out to the class as homework because the workbook had better problems than our current text book. My choir teacher made copies of music clearly marked with "DO NOT COPY" because it was out of print and there was no way to get a legal copy of it anymore. My English teacher copied an excerpt of a story out of one of her old text books that are no longer used and handed it out to the class.
So yea... this is an extremely stupid idea
It really is amazing more people don't do this. When I went out and got my own plan, I went with subsidy. Got a phone for like $50 from AT&T. But, the bill I was paying was $110/month. For a single line, a ridiculously low amount of minutes(I never talk on the phone, but if I did I could run through it quickly), unlimited text messages, and a data cap of like 1G
2 years down the road I started looking to alternatives. This was a few months before T-Mobile started to be talked about being bought by AT&T, otherwise I would've went elsewhere. So, I took a cheap, but decent phone my girlfriend had that she wasn't using and started a $50/month unlimited everything prepaid plan. Now, I put $30/month in a savings account so that I can buy a new phone eventually... but I'd rather me be earning interest on it, not AT&T
I've tried convincing my parents to do something similar. They use their phone constantly and their bill is somewhere around like $600/month for 4 phones... and their plan doesn't have the concept of unlimited minutes, so they still get overages. The even more ridiculous thing is that usually they will stick with their phone til it breaks.. They don't seem to get the concept that you can get new phones when your contract is up.. either that or they just prefer to not learn how to use a new phone every 2 years
Satellite brings broadband everywhere.
I barely consider satellite to be broadband. It's ping times are so ridiculously horrid. Have you ever tried an SSH session through satellite? It's literally less painful through dialup.