Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror
×

Comment Re:Well, there's one logical consequence (Score 2) 149

Pharmaceutical research (i.e., the search for new medications) is also (and has been for decades) disproportionately funded by America. Europe and a few other countries (e.g., Japna, South Korea) do also contribute, but their contributions are consistently a much, much smaller portion of their GDP.

Comment Re:Well, there's one logical consequence (Score 1) 149

I don't know if that's going to work, given that the youth unemployment rate has gotten so high they've stopped publishing numbers for it, because either they'd be too high to publish under Chinese law, or else no one would believe them. Granted, that's not tech-sector-specific, but a *lot* of those unemployed young people are college educated, and STEM fields are quite popular over there. Employers may in fact be in a stronger negotiating position than the prospective employees.

Comment Re:Googlers are already doing unethical work (Score 1) 227

Googlers are supporting a corporation that's violating privacy

You assume. You should consider that people with an inside view who see what data is actually collected, how it's secured and managed and how it's used, may have a very different perspective on that. I mean, without an internal view you understandably have to assume the worst, but they (we) don't.

Speaking for myself, I very few concerns about Google's privacy violations today. But with respect to the future, you and I are in the same boat, neither of us can know what a future version of the company might do. And on that score I suspect you and I would find ourselves in strong agreement on the potential for serious harm. Where we might differ again is that I see the work being done to limit Google's access to user data so I'm cautiously optimistic that before all vestiges of the old corporate culture are lost and the bean counters take over completely, Google will largely have ceased collecting and using data for advertising and what remains will be easy to limit and make safe.

Comment Re:Not true (Score 1) 165

Re: your subject "Not true", the data doesn't lie. The fact that you're an outlier doesn't change the situation.

I keep buying books - I guess I am just old fashioned.

Me too, though usually it's audiobooks for fiction and certain types of non-fiction. Being able to "read" a book while mowing the lawn, or whatever, has made chores far less annoying and opened up big blocks of time for reading.

Comment Re:It's called work (Score 1) 227

Disruptively protesting in the workplace is pretty much exactly what their cause demands in this scenario.

Sure, and they should expect that they're putting their jobs on the line for their cause. Without that risk, their protest isn't particularly meaningful. If they were to "win" by getting Google to cancel the contract, they'd actually have little effect because Google is almost certainly right that this contract has little to no effect on the war.

Generating headlines by getting fired from their $500k/year jobs is the most effective thing these Google employees can do for their cause. So, good for them, they succeeded!

If they expect Google's decision to generate significant public or internal backlash, though, I think they'll be disappointed.

Comment Re:Free money! (Score 1) 106

Please explain how it raises money with a tax rate that's below the existing corporate tax rate

It's a similar concept to Alternative Minimum Taxes [*], which you probably haven't experienced with your own taxes. Basically, deductions that corporations can normally claim are disallowed and then their taxes are calculated at the lower rate. If the result is more than they would pay with the higher rate and broader set of deductions, then they have to pay it rather rather than the normally-calculated amount. So it doesn't apply to all corporations, or maybe even most, but it extracts additional revenue from those that would otherwise be successful at using extensive deductions and credits (also known as "loopholes") to reduce their tax liability.

and based on behavior specific behavior that corporations aren't necessarily going to engage in

In some cases they're already committed to the behavior and won't be able to avoid the tax. But, yeah, in many cases this tax may deter the behavior rather than raise revenue. The CBO's projections try to take that into account when projecting the revenue impacts, of course. But I think the main goal of this part of the IRA is to appease populists on both sides who think stock buybacks are bad, because they don't understand how publicly-traded corporations work.

Meanwhile we're spending money now that will only be hypothetically raised in the future?

The grants will also be paid out over time, so it's more like spending money in the future that will be raised in the future.

I don't believe that will help to reduce inflation in the slightest.

Yeah, it's probably inflation-neutral. The IRA does contain some inflation-reducing provisions in specific areas, notably healthcare, but it's mostly revenue-neutral and inflation-neutral. I suppose you can say it's inflation-reducing compared to its previous incarnation, the Build Back Better bill, which if enacted would have increased the deficit and potentially stoked inflation.

[*] Note that AMT is slightly different in that for most taxpayers AMT is actually calculated at a higher tax rate, in addition to disallowing a lot of deductions. But AMT also allows a much larger standard deduction (with a phaseout based on income).

Comment Re:Screw the American auto industry (Score 1) 305

If the US domestic industry can't compete, I'm inclined to say it deserves to die.

If we were sure that we'll never go to war with China, I'd agree. Right now we're facing a situation where we may end up in another world war, but we'll be on the side fighting against the manufacturing powerhouse. If it weren't for such strategic concerns, I'd be all for dropping all the tariffs (well, we should add some carbon tariffs) and outsourcing all the manufacturing to China. Trading electronic dollars that we invent as needed for hard goods? Hell yeah. I'll take all of that they want to give us.

But I don't think the geopolitical situation can be ignored. I'm not sure that propping up the US auto industry is the best way to maintain vehicle manufacturing capacity, but until a better alternative is proposed we should probably stick with it.

Comment Re:Define your damn acronyms (Score 1) 74

Could you write the Guardian and tell them that, please?

My point is that expanding the acronym isn't useful, except perhaps to chemists who would already know what the acronym expands to. Explaining what PFAS are is useful. And the article did that:

PFAS are a class of 15,000 chemicals used across dozens of industries to make products resistant to water, stains and heat. Though the compounds are highly effective, they are also linked to cancer, kidney disease, birth defects, decreased immunity, liver problems and a range of other serious diseases.

They are dubbed “forever chemicals” because they do not naturally break down and are highly mobile once in the environment, so they continuously move through the ground, water and air. PFAS have been detected in all corners of the globe, from penguin eggs in Antarctica to polar bears in the Arctic.

So, I think the Guardian did a fine job of explaining what matters.

Comment A warrant was not required. (Score 1) 146

I was thinking the same as, but I RFAd and read the case. Under Rodriguez v. United States, 575 U.S. 348 (2015), the Court ruled that a search warrant was required. However, he was a parolee, and as a part of his parole, he was subject to warrantless searches. His condition of parole included :

"You shall surrender any digital/electronic device and provide a pass key/code to unlock the device to any law enforcement officer for inspection other than what is visible on the display screen.

This includes any digital/electronic device in your vicinity. Failure to comply can result in your arrest pending further investigation and/or confiscation of any device pending investigation.

Comment Re:Welcome to the machine (Score 1) 260

The Chinese beg to differ with Ms. Thatcher. I would contrast their performance to Great Britain's.

Let's do that: GDP per capita of the UK: $46k. GDP per capita of China: $12k. But maybe China does better at distributing the wealth? Nope. UK Gini coefficient: 35, China, 47 (higher is more inequality). Until recently China had phenomenal growth rates, but that's only because (a) they started from a very depressed level and (b) they mostly abandoned socialism. As Xi is reasserting more socialist policies their growth engine has largely stopped and their growth rate is currently below that of the UK. It's still positive at the moment, but if Xi continues what he's doing, it will likely go negative.

Socialism -- not social democracy, which is a thoroughly capitalist economy that accepts high but strongly progressive taxation to fund a strong safety net -- consistently drives economies into the toilet whenever applied on any scale larger than a kibbutz. Without fail, every time.

Slashdot Top Deals

This file will self-destruct in five minutes.

Working...