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Comment Re:Was logging in to post exactly this (Score 1) 338

In this case doing simple math shows that the replacements are coming at $125K per year. $50M for 80 jobs for 5 years. Outsourcing is actually costly. I have had first hand experience for an outsourced project at AT&T. The Indian IT co. ended up charging 1.5 times more than what the in house employees were being billed for. And the quality sucked, and yes the management had no clue. They thought it was a smart move, patted themselves on their backs and took home a good bonus I guess.

Go get an MBA instead. The costlier the blunder you make with an MBA, the bigger the bonus.

Comment Re:The Naked Truth (Score 1) 1592

You are an idiot.

Sorry, but I am not interested in your lousy opinion.

Please take a job at the border and point out the terrorist, the EU will pay you a premium.

I am sorry. There are no terrorists at all. Those attacks that happened in Paris, Brussels, and the molestation of women that happened at a stadium in Germany, those arrests of refugees having terror links in Austria, Germany, all that is just hog wash. It didn't happen.

Please explain what Germany has to do with unemployment in Spain! I'm eager to hear your reasoning! Or what has staying in the EU to do with it?

Spanish GDP has fallen since the financial crisis. A weaker currency can make Spanish exports cheaper and increase employment. But since Spain is in the Euro Zone, they cannot devaluate their currency nor can they print money. ECB is in the clutches of Germany and France.

Probably Spain is so rich that lots of people don't have to work? Probably it is the first country in the EU ripe for General Basic Income? Who knows ...

You definitely don't.

Comment Re:Good for them (Score 1) 1592

Currency devaluation would have meant that any hard currency loans would have been astronomically expensive

Well, then I would bargain for restructuring the loans, may be default on some or all. And use what ever I have got to help my economy recover. Default/debt-restructuring is not very uncommon:

Comment Re:Good for them (Score 1) 1592

That's bullshit. This recovery has been one of the slowest and worst in US history, and ended up even worse than Obama's own predictions for "doing nothing". If we take Obama and his expert economists at their word, then we have to conclude that the bailouts and stimulus programs of his administration were extremely harmful.

And where do you think US would have been if the fed did not interfere and let the financial markets freeze?

No, it wouldn't. Currency devaluation would have meant that any hard currency loans would have been astronomically expensive.

Actually no one would have given them any loans in the first place. So they would have been in the rightful place that they deserved to have been.

And even if you believe the QE hocus pocus, even according to its own proponents, it wouldn't make any difference in a country with a Greek-style economy.

My point is, the idea of a Euro Zone does not make much sense. It's like taking Ethiopia, Mexico, US, Canada, Sudan, China and putting them under one common currency system, with free labor markets et al. But each still remains a different country politically and "economically" at the same time. It just will not work.

Comment Re:Good for them (Score 1) 1592

Yeah, but that exactly is EU for you!! They are all different countries trying to *masquerade* as one at the same time. Some of these countries are economically sound while others are shaky. The ones that are sound today can go shaky tomorrow, there is no guarantee. EU will not work unless it has one single elected government. One single central bank. One single... country I suppose.

Comment Re:The Naked Truth (Score 1) 1592

- They kept their old monetary unit (GBP)

Frankly, Euro is a gooberty gook. And the ECB has no clue and no powers. While some countries in the Euro zone can benefit and recover from a weak Euro, others need a strong Euro. So how does it help? A weakened GBP will help more exports. By the way its just markets reacting irrationally. My take is, GBP will be better off than Euro.

- They kept the *right to refuse entry* (not signed SENGEN)

Good, they can refuse the entry of terrorists that Germany and friends are welcoming with open arms.

Spain is in trouble with high unemployment (21%) with youth unemployment at a staggering 45%. And the longer it stays in the EU the longer it will have to suffer. A currency devaluation can help Spain too, just like it would help Greece. But Germany will not let that happen, because they are doing extremely good while Spain suffers. But why should Germany care?

Comment Re:Good for them (Score 2, Interesting) 1592

Agreed, it was Greece that mismanaged its finances. But Germany did screw up Greece by imposing more and more austerity measures just when the country needed a boost from fiscal spending. Austerity does no good in the short term. Remember, when Lehman Brothers, Bear Sterns et al went down, if US govt prescribed austerity where do you think US economy and unemployment would have been? Instead, the Fed bailed out all and sundry. And that resulted in a quick recovery and a return to stability of the markets. In the long run, the country needs structural reforms and a return to fiscal discipline. But in the short run its fiscal spending that delivers a shot in the arm. So Germany didn't give Greece a shot in the arm when it was ailing. Also, Greece unfortunately is also in the currency block. And the ECB is... well no body understand how its supposed to function including the people running ECB. If Greece had its own currency, a currency devaluation, and may be a QE would have helped Greece. But the Euro is not in its control. And Germany does not want a devaluated Euro because they are doing good. I think its best in the long run that the the Euro is disbanded.

Submission + - GTK developers decided to give up on long term API/ABI compatibility (

Artem Tashkinov writes: Just when you thought that the speed of software/hardware development has decreased owning to the fact that both software and hardware nowadays are good enough for pretty much everything and everyone, GTK developers decided they do not want to confine themselves to long term API/ABI compatibility and they will release new major incompatible releases every two years (4.0, 5.0, etc) and every six months they will release point releases which will be binary compatible with previous point releases (read 4.0, 4.2, 4.4, etc) but as a user or a software developer you won't be able to compile previous point releases software (say 4.0) on newer point releases (say 4.2, 4.4, 4.6, etc).

People frequently bemoan the fact the Linux is still not gaining any traction on the desktop but unfortunately Linux developers still do not want to develop anything resembling a long term supported platform which guarantees API/ABI compatibility between distros.

Submission + - Saudi Arabia Has Funded 20% Of Hillary's Campaign, Saudi Crown Prince claims (

An anonymous reader writes: In what may be the pinnacle of hypocrisy, moments ago Hillary Clinton, while speaking live on national security and addressing the Orlando shooting took some time from her constant bashing of the Second Amendment and calling for a ban on assault rifles, to say some less than kind words about Saudi Arabia whom it accused of supporting radical organizations. This is what she said:

The third area that demands attention is preventing radicalization and countering efforts by ISIS and other international terrorist networks to recruit in the United States and Europe. For starters, it is long past time for the Saudis, the Qataris and the Kuwaitis and others to stop their citizens from funding extremist organizations. And they should stop supporting radical schools and mosques around the world that have set too many young people on a path towards extremism. We also have to use all our capabilities to counter jihadist propaganda online. This is something that I spend a lot of time on at the State Department.

There is nothing wrong with that statement, as it is the whole truth — Saudi Arabia's involvement in supporting terrorism stretches from Sept 11 all the way through to ISIS — however, where there is a big, and potentially law-breaking, problem is what Jordan's official news agency, Petra News Agency, reported on Sunday citing the Saudi crown price, namely that Saudi Arabia is a major funder of Hillary Clinton’s campaign to become the next president of the United States.

As MEE notes, the Petra News Agency published on Sunday what it described as exclusive comments from Saudi Deputy Crown Prince Mohammed bin Salman which included a claim that Riyadh has provided 20 percent of the total funding to the prospective Democratic candidate's campaign.

As a reminder, It is illegal in the United States for foreign countries to try to influence the outcome of elections by funding candidates. That appears not to have stopped the Saudis, however.

“Saudi Arabia always has sponsored both Republican and Democratic Party of America and in America current election also provide with full enthusiasm 20 percent of the cost of Hillary Clinton’s election even though some events in the country don’t have a positive look to support the king of a woman (sic) for presidency,” the report quoted Prince Mohammed as having said.

According to the US Federal Election commission, over the past two years Clinton has raised a little more than $211.8 million. 20% of this sum is $42.4 million.

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