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Comment: You're kidding yourself (Score 2) 69

by llZENll (#44049433) Attached to: Cat-like Robot Runs Like the Wind

I find it amusing walking robot creators talking about accessing areas inaccessible via wheeled vehicles. Walking down a 1cm step? Are you kidding me! Wheeled robots blow this thing away in every aspect, until it can go up stairs, climb the side of a mountain, and walk around just as good as a human, please call your job what it is, a tiny fractional step having fun spending other peoples money.

Comment: Re:First for banning HFT (Score 5, Interesting) 314

We need a new exchange that only executes trades once per month. If a company is on this exchange it is not allowed to be on any other exchanges. Problem solved. If you need your money out early there is a small fee. No more flash crashes, much less speculation, invest in a company due to dividends and growth and not emotionally fabricated stock appreciation.

Comment: Re: My theory (Score 1) 1010

by llZENll (#43421269) Attached to: Windows 8 Killing PC Sales

I agree, I was running into memory barriers on XP with photoshop, and especially 3dsmax. I do a lot of heavy content creation though and 99% of people will never need 64 bit. Windows 7 definitely solved this problem, and brought some other little nice things to the table, nothing ground breaking by any means.

I wish they would just leave the fucking UI alone, NOBODY cares about having to learn a new interface to get shit done! I guess its hard swimming against the stream of mass consumers that don't do jack shit on their computer and want everything glossy and dumbed down. The crash of PC sales will probably be a good thing, as now only business users are left and now they can start optimizing for actually getting work done with a PC rather than showing off 4 year old photos of cats that no one gives a flying fuck about.

Comment: Why the online restriction? DUH! (Score -1, Flamebait) 569

by llZENll (#43093639) Attached to: SimCity 5: How Not To Design a Single Player Game

Are you joking? Have you been living under a rock the past 10 years? The online restriction has 100% everything to do with piracy, anything else is simply a side effect. It is no secret, piracy has been raping the game market, well guess what, you can't have free games forever! Each year you have more games pushed to server only for the one simple reason of authentication. EA are not scumbags! They are in business like every other single business on the planet, to make money. If you would rather steal games than pay for them then they don't have much of a choice, if you don't like it then don't buy the fucking game! It is pretty simple.

Comment: Re:The cheese has moved (Score 1) 403

by llZENll (#43008955) Attached to: Is the Wii U Already Dead?

I can't believe it took so many comments before this was written. iOS and Andriod have OBLITERATED the console and handheld markets. Is it really a surprise, how can a dedicated system with $30 games even come close to competing with free and 99c games?

The ONLY chance Nintendo has is by making a specialized Andriod game device which has hardware controls, for many games hardware controls are much better. Even though touch devices have BT controls, they are not standardized, expensive, and not well supported. Oh and the other huge change, online distribution only.

Comment: Re:Fixed (Score 4, Insightful) 1106

by llZENll (#42996827) Attached to: The U.S. minimum wage should be

The minimum wage only hurts the people it is intended to help, weakens the economy, and promotes welfare and government dependance.

"In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages. When employers evaluate their labor and capital needs, cost is a primary factor. When the cost of hiring low-skilled workers moves higher, jobs are lost. Despite this, minimum wage hikes, like the one set to take effect later this month, are always seen as an act of governmental benevolence. Nothing could be further from the truth.

When confronted with a clogged drain, most of us will call several plumbers and hire the one who quotes us the lowest price. If all the quotes are too high, most of us will grab some Drano and a wrench, and have at it. Labor markets work the same way. Before bringing on another worker, an employer must be convinced that the added productivity will exceed the added cost (this includes not just wages, but all payroll taxes and other benefits.) So if an unskilled worker is capable of delivering only $6 per hour of increased productivity, such an individual is legally unemployable with a minimum wage of $7.25 per hour.

Low-skilled workers must compete for employers’ dollars with both skilled workers and capital. For example, if a skilled worker can do a job for $14 per hour that two unskilled workers can do for $6.50 per hour each, then it makes economic sense for the employer to go with the unskilled labor. Increase the minimum wage to $7.25 per hour and the unskilled workers are priced out of their jobs. This dynamic is precisely why labor unions are such big supporters of minimum wage laws. Even though none of their members earn the minimum wage, the law helps protect their members from having to compete with lower-skilled workers.

Employers also have the choice of whether to employ people or machines. For example, an employer can hire a receptionist or invest in an automated answering system. The next time you are screaming obscenities into the phone as you try to have a conversation with a computer, you know what to blame for your frustration.

There are numerous other examples of employers substituting capital for labor simply because the minimum wage has made low-skilled workers uncompetitive. For example, handcarts have replaced skycaps at airports. The main reason fast-food restaurants use paper plates and plastic utensils is to avoid having to hire dishwashers.

As a result, many low-skilled jobs that used to be the first rung on the employment ladder have been priced out of the market. Can you remember the last time an usher showed you to your seat in a dark movie theater? When was the last time someone other than the cashier not only bagged your groceries, but also loaded them into your car? By the way, it won’t be long before the cashiers themselves are priced out of the market, replaced by automated scanners, leaving you to bag your purchases with no help whatsoever.

The disappearance of these jobs has broader economic and societal consequences. First jobs are a means to improve skills so that low skilled workers can offer greater productivity to current or future employers. As their skills grow, so does their ability to earn higher wages. However, remove the bottom rung from the employment ladder and many never have a chance to climb it.

So the next time you are pumping your own gas in the rain, do not just think about the teenager who could have been pumping it for you, think about the auto mechanic he could have become – had the minimum wage not denied him a job. Many auto mechanics used to learn their trade while working as pump jockeys. Between fill-ups, checking tire pressure, and washing windows, they would spend a lot of time helping – and learning from – the mechanics.

Because the minimum wage prevents so many young people (including a disproportionate number of minorities) from getting entry-level jobs, they never develop the skills necessary to command higher paying jobs. As a result, many turn to crime, while others subsist on government aid. Supporters of the minimum wage argue that it is impossible to support a family on the minimum wage. While that is true, it is completely irrelevant, as minimum wage jobs are not designed to support families. In fact, many people earning the minimum wage are themselves supported by their parents.

The way it is supposed to work is that people do not choose to start families until they can earn enough to support them. Lower wage jobs enable workers to eventually acquire the skills necessary to earn wages high enough to support a family. Does anyone really think a kid with a paper route should earn a wage high enough to support a family?

The only way to increase wages is to increase worker productivity. If wages could be raised simply by government mandate, we could set the minimum wage at $100 per hour and solve all problems. It should be clear that, at that level, most of the population would lose their jobs, and the remaining labor would be so expensive that prices for goods and services would skyrocket. That’s the exact burden the minimum wage places on our poor and low-skilled workers, and ultimately every American consumer.

Since our leaders cannot even grasp this simple economic concept, how can we expect them to deal with the more complicated problems that currently confront us?

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. Please feel free to repost with proper attribution and all links included.
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© 2013 Euro Pacific Capital, Inc. All rights reserved. Member FINRA & SIPC - Privacy Policy

Investing in foreign securities involves risks, such as currency fluctuation, political risk, economic changes, and market risks. Precious metals and commodities in general are volatile, speculative, and high-risk investments. As with all investments, an investor should carefully consider his investment objectives and risk tolerance as well as any fees and/or expenses associated with such an investment before investing. International investing may not be suitable for all investors.

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Our investment strategies are based partially on Peter Schiff's personal economic forecasts which may not occur. His views are outside of the mainstream of current economic thought. Investors should carefully consider these facts before implementing our strategy.

http://www.europac.net/commentaries/minimum_wage_maximum_stupidity

Euro Pacific Capital
By: Peter Schiff
Friday, July 10, 2009

Comment: Re:It's The American Drean (Score 2) 1313

by llZENll (#42966567) Attached to: US CEO Says French Workers Have Three-Hour Work Day

In FL a new 4 year grad earns 45k+pension+benefits. Most teachers I know work from 8-3 in the classroom and a few hours outside of that, and a many of them hold second hand jobs, not because they have to by any means, but to simply support frivolous expenses. Add in the ridiculous amount of holidays and summer off, and they are one of the most overpaid professions in my opinion. It takes little special education and ability to teach and almost anyone can do it. Could I walk into any classroom tomorrow K-12 and teach it, yes with out a doubt.

Comment: Re:Musk isn't doing himself any favors here (Score 1) 841

by llZENll (#42897875) Attached to: Elon Musk Lays Out His Evidence That NYT Tesla Test Drive Was Staged

Because the vast majority of people live less than 60 miles from work and waste $26,000 on gas every 10 years! Not to mention causing vast amounts of pollution and noise. This is not the end-all of electric cars, but an important step on the way to an affordable electric car for everyone. How can it NOT be beneficial to society, the economy, the country, and the environment to use less fuel for travel? That's why the fuck!

Comment: Re:Ridiculous hyperbole... FFS (Score 4, Informative) 320

by llZENll (#42807759) Attached to: Microsoft Surface Pro Reviews Arrive

I agree and the summary is very negatively biased. I clicked through to the BGR article expecting to find a scathing summary, when in fact it was quite the opposite.

"On an island, the Surface Pro is a fantastic premium computer that is portable, versatile and capable. It is priced fairly and it offers novel features that provide clear advantages over rival devices. But in a market where interest in personal computers is declining and Windows 8 is struggling to gain traction, I fear the Surface Pro might not be the right product right now.

The Surface Pro is not good fit for everyone, but those who do purchase Microsoft’s new tablet for work or for personal use — whether they number in the thousands, hundreds of thousands, or millions — will not be disappointed."

Comment: Re:The Idea Is Actually Not Complete Bullshit (Score 5, Interesting) 404

by llZENll (#42649317) Attached to: Will Microsoft Sell Off Its Entertainment Division?

Windows is dying, office is dead, quit trying to force them! Zune is dead, and windows phone is in the ICU, Microsoft's only somewhat healthy division with a possible future is entertainment, why in the hell would they sell it?

If I were Microsoft, I would launch a new console immediately, featuring kick ass hardware with no dvd/bluray drive and all software is downloaded with a 30% royalty rate, good bye publisher distribution! The current xbox live gold would become free, and a new tier of xbox live would add a free video streaming library like netflix, AND HERE IS THE BIG ONE, a free video GAME library that works like netflix, you can only check out a certain number of games at a time and their save state is wiped when the game is returned. The only games in the this library are older and lower tier ones, much like the netflix movie library.

Comment: Made my pain worse (Score 1) 144

by llZENll (#42596495) Attached to: CES: Can a Gyroscope Ball Really Cure Wrist Pain? (Video)

Had pain in my hands in the morning when waking, with stiff wrists and knuckles. I got a PowerBall LCD and if anything it made the pain worse, quite simply putting more stress on an already stressed area should make it worse right? What solved my problem was to simply always take my hands off the mice when not in use (I dual wield) What I was doing was keeping my hand on my mouse at all times, and resting my wrist on my desk, when reading an article or coding I would have my hand there the whole time, even if I was only using the mouse a few seconds. This habit wasn't too hard to break. I also started taking glucosamine, a joint lubricant, after a few months all of my pain went away.

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