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Comment: Re:Fuck 'em (Score 1) 284

by lucm (#49803649) Attached to: Mandriva CEO: Employee Lawsuits Put Us Out of Business

B.S. There are so many American businesses which claim to be 'hanging on by a thread' even though the owner drives around in an expensive car, owns several expensive houses, and has has a wad of cash 1 inch thick in his wallet. Tougher labor laws are needed in America. With tougher labor laws, maybe businesses will become more robust and won't whine that they are on the threshold of going out of business.

A.C. by design.

I don't think you understand how capitalism work. Basically, the people who put the capital to fund a business venture own it, and people who don't risk their own money but merely work on an hourly or weekly basis are paid wages. If the business doesn't succeed, the investors lose their stake in it, but that doesn't mean they have to sell their kidneys on the black market to finance it further. The company has to sustain itself; its entire purpose is to generate profit, not to provide employment opportunities to citizen.

Labor laws are there to ensure that wages are paid and that workers are treated fairly, but when it's all said and done, the risk taker in this situation is the owner, not the employee. In countries like France they lost track of this because for centuries they've been sucking up the resources of their colonies and this led them to develop a huge culture of entitlement. They will learn.

Comment: Re:I don't really buy it (Score 1) 284

by lucm (#49803625) Attached to: Mandriva CEO: Employee Lawsuits Put Us Out of Business

I don't think it was a grammar error. I think saying "where?" is a middle school teacher gimmick used to teach people not to use "there" instead of "their".

As for the Republicans/Democrats thing I tend to agree. Democrats did enslave people and fought back when Republicans tried to abolish slavery, and to this day they still try to enslave people by raising taxes and piling up more laws (like Roosevelt who jailed a dry cleaner because he was charging 35 cents instead of the federally-controlled price of 40 cents to press a pair of pants).

Comment: Re:I don't really buy it (Score 1) 284

by lucm (#49803599) Attached to: Mandriva CEO: Employee Lawsuits Put Us Out of Business

and ..... why did they sue the company? it was because they were due severance by law and the company did not provide it. so yeah, it had everything to do with the severance package.

Please provide a quote from the article or from any other source that confirms your statement. Voices in your head don't count.

Comment: Re: I don't really buy it (Score 1) 284

by lucm (#49803597) Attached to: Mandriva CEO: Employee Lawsuits Put Us Out of Business

If they had been paid, I don't think they could have won a lawsuit asking to be paid.

You remind me of a guy I used to work with. Someone would ask: where is Tom? and this guy would reply: he's late because he has car troubles. But if you pushed further you always found out that he did not, in fact, have information about Tom having car troubles, it was just his best guess. He somehow couldn't see the difference between facts and guesswork. Quite annoying.

Comment: Re:FTFY (Score 1) 284

by lucm (#49803569) Attached to: Mandriva CEO: Employee Lawsuits Put Us Out of Business

Had the company had compensated the employees according to law it would not have had to pay lawyers and probably court costs and may have survived.

It's not that simple. The "law" in this instance is very much subject to interpretation. It's like a divorce. There are parameters but who the fuck gets the kenny rogers record collection is not something that is clearly stated in the law, there are arguments to be heard and if the two parties can't get to a compromise a judge will decide. Doesn't mean that the losing party broke the law - there's always at least one losing party in every lawsuit.

Comment: Re:Great Recession part II? (Score 1) 742

by lucm (#49766621) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment

No. The dot come bubble was all about public markets and demented IPOs and insane stock price. Now the game is different. In most of these startups you couldn't invest even if you wanted. Call your broker and tell him you want to buy shares of Dropbox, you'll see.

Well there's crowdfunding also but then you don't get equity, you basically prepay for a product you may never get.

Comment: Re:Great Recession part II? (Score 2) 742

by lucm (#49766589) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment

Swapping debt assets seem stupid like the children's hot potato game where as long as you are not holding the potato when the bill is due you gain.

I don't know. Have you seen those savings circles in poor areas like Central America or Africa? Basically people pool a small amount of money each month and one member gets the whole pool each month. It may look like a zero sum game, but the people who get the big sum of money can invest in farming or cooking equipment, and the productivity of the whole group increases each month a lot more than if they just kept their small savings.

A dollar is not always just a dollar. It depends on the context.

Comment: Re:Great Recession part II? (Score 2) 742

by lucm (#49766339) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment

The house of cards is different now. The bulk of the investment market is moving towards private equity, where things are less regulated and more difficult to game.

It's almost universally acknowledged that the GFC was caused by a LACK of regulation in the US mortgage market making it impossible for financial institutions to trust each others financial instruments ( ie: easier to game).

This reminds me of that joke about two guys driving downhill in a car with no brakes; one of them is not nervous at all so the other one asks him why he is so calm in such a dangerous situation. The first guy replies: it's ok, there's a stop sign at the bottom of the hill.

Comment: Re:Great Recession part II? (Score 3, Funny) 742

by lucm (#49766315) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment

That's why people believe aliens build the pyramids.

I'm surprised that this hasn't made the list of common misconceptions on Wikipedia yet.

Of course it's people that built the pyramids. But the pyramid scheme itself was designed by aliens posing as gods. They came to Egypt for cheap labor and sure, they exploited people for a while, but then there was the Arab spring when people used Facebook and the Stargate to get rid of the corrupt alien leaders. People, get your facts straight!

Comment: Re:Soverign debt (Score 0) 742

by lucm (#49766241) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment

I'd like to hear what the Slashdot economists think should be done about Greece.

Nothing at all. Greece is like Venezuela, but without the oil. There's nothing to be done until they decide to stop their social experiment. The world shouldn't subsidize that.

What's the real downside? Migrants? Western Europe is already experienced at stopping poor people on their borders, and it's not like Greece has a direct migration path. A Greek that wants to sneak into Europe has to cross the land of the vodka people, or try to swim to the south-east part of Italy. That's quite a convenient buffer, just like Mexico is a convenient buffer for the USA.

Europe managed to survive two world wars, plenty of civil wars, the plague, three Inquisitions, etc. I think they will survive the bankruptcy of a country that hasn't played a significant role in history since before the first edition of the bible.

Comment: Re:Great Recession part II? (Score 2) 742

by lucm (#49766157) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment

The house of cards is different now. The bulk of the investment market is moving towards private equity, where things are less regulated and more difficult to game.

The only danger with this private equity trend is if all those billions invested in Silicon Valley startups don't turn up profitable. But how could that happen? There's an infinite customer base for freemium and ad-supported step counting widgets. That system could never fail like the subprime mortgage thing, too many people Like it on Facebook.

If you think I'm kidding look at numbers on crunchbase. Just for the last week the amounts invested by VC in startups is higher than Greece's monthly bill.

Comment: Gift cards suck (Score 2) 107

by lucm (#49761737) Attached to: Hacker Warns Starbucks of Security Flaw, Gets Accused of Fraud

Why would anyone use those? There's no discount. A $25 gift card just entitles you to spend $25 worth of whatever that company has to sell. What's the point? To show someone that you know that they like coffee, so instead of giving them $25 you give them a $25 Starbucks gift card? It's not really more thoughtful than giving cash yet it's far less convenient for everyone involved. And why would you even refill those for yourself? Because you don't trust yourself with your own money?

And a Starbucks gift card is not like those gas credit cards, the last resort of degenerate gamblers, junkies and broke-ass idiots who offer you to fill up your car using their card in exchange for $20 cash. At least those are convenient if you happen to stop for gas at the right place and the right time.

Fuck gift cards.

Once it hits the fan, the only rational choice is to sweep it up, package it, and sell it as fertilizer.

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