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Comment Re:Very important link left out: the agreement tex (Score 0) 485

German people should absolutely be interested in donating to the PIIGs, otherwise their economy stagnates.
Why do you think Germany went off the Deutsche Mark in the first place? Germany exports 60% of its output to the EU countries (can't be bothered with citation). They need the bailouts and the export-based economy going. Had Germany stayed with the Deutsche Mark, they would have priced themselves out.
This is not about Greece, but about transferring money from the EU taxpayers into the hands of big corporations. And the EU taxpayer is a hostage - you may lose your job if you don't donate to the cause...

Comment Re:More US workers == offshoring?? (Score 1) 484

It could happen.
Most of the H1Bs are Indian and Chinese. Once they get domain experience in the US, they will become US-based managers for off-shore teams in India and China. Outsourcing may be rampant, but there is still bush back by American managers who have difficulties communicating with off-shore teams (language barrier, cultural differences, time difference, etc.)
Once the old-school middle management is replaced with Hindi and Mandarin speaking individuals - it's smooth sailing for outsourcing. Also, their hiring preference will be more towards hiring from/in their native county, because they are naturally more connected in their native country than the new host country.

Comment Alarmist article... (Score 1) 323

Alarmist article from a big corporation to set the stage for loose regulations on chocolate so that the masses can keep getting their 99cents "chocolate" bars (aka hydrogenated fat with dark-brown solids, corn syrup, emulsifiers and natural flavoring agents, whatever other non-cocoa crap - tastes like cocoa) and the company's pockets full.

Comment Re:what's the point? (Score 1) 438

If cheating is so prevalent, that a degree becomes the anti-pattern, employers would start sampling the non-degreed pool in order to identify employees who can do the job. The fact that this is not happening leads me to believe, that the whole Indian culture just doesn't care about "the work being done" and the society is content with very low productivity. This is not untypical for very stratified and nepotist societies where the piece of the pie is more important than the size of the pie.

Comment Re:driving farther to get to work (Score 2) 187

Also, gentrification is a big factor - lower-middle and in certain coastal areas, middle class people are being displaced, seeking more affordable homes further from their communities and work. Although the housing market is still a mess on average, certain coastal areas have appreciated above their 2006-7 peak, due to the ultra-easy monetary policy of the Fed.

Comment Re:How do they break even? (Score 1) 280

Or just make another free account in an year and have your limited number of friends switch to it. As someone else pointed out, people in the countries where WhatsApp is huge has never made an online payment in their entire live. To them $1 is just as unpayable as $100 - because they lack he infrastructure to make the payment.

Comment Re:Developing Countries (Score 1) 280

It's clear that WhatsApp is proportionally popular to the cost of sending SMS, but how many of the penny-pinching users are paying customers? Or do they create new promotional/free accounts every year? How many of the 450M accounts of WhatsApp are just the same person getting a free account every year?

Comment Re:CNN argues it's worth the money (Score 2) 257

The whole business model of WhatsApp is based on the premise to be purchased by a rich Internet/Social Media company. They already sold to Facebook. If they start another one against their parent company, who's going to buy them again? Running something like WhatsApp is not a sustainable profitable business - you need the LBO end-game.

Every successful person has had failures but repeated failure is no guarantee of eventual success.