Follow Slashdot blog updates by subscribing to our blog RSS feed

 



Forgot your password?
typodupeerror
×

Comment Re:A Tale of Two Countries (Score 1) 518

Precisely what you would expect to hear from a tea party nut that has never worked in the public sector. Thank you. Keep up the good work being a shill for the Koch brothers and their ilk. It is only a matter of time before the super-rich (who are the only ones to truly benefit from Tea Party ideals) come after you and make your life miserable.
Math

Submission + - Wiki-style project makes maths breakthrough (wordpress.com)

00_NOP writes: "The "Polymath" project which works by encouraging mathematicians to collaborate through a wiki-style interface has proved its worth on its first project — a task in combinatorics called the "DHJ theorem" and in just six weeks a new proof has been discovered and submitted for publication. For geeks everywhere the good news is that even "amateurs" were seen to make useful contributions."

Comment Re:I'm a web developer and I don't like this (Score 1) 285

Besides, it seems like most IE6 users in this age are enterprise clients who can't upgrade until their vendors start supporting new browsers, or until the interprise itself gets rid of legacy programs.

Wrong, if you look at the map and the percentages, it looks like poor people running bootlegged versions of outdated windows are the main users of IE6.

Desktops (Apple)

Submission + - Backdoor Trojan For Windows Ported To Mac OS

An anonymous reader writes: A Remote Access Trojan (RAT) for Windows, known as darkComet, has been ported to Mac OS X. The new backdoor Trojan is not yet finished, but it could be indicative of more underground programmers attempting to take advantage of Apple's growing market share.
Censorship

Submission + - Cracks in Libya Firewall? (monkey.org)

An anonymous reader writes: Most Libya Internet traffic has been blocked since the start of the uprisings on February 17. In what may be the first cracks in the Libya Internet firewall and a sign of the rapidly evolving political situation, Libya Internet traffic climbed over the weekend according to Arbor. Twitter updates also suggest the Internet is now working in eastern cities like Benghazi. Gaddafi may be losing control of his state telecom (Libya Telecom and Technology)?
Sony

Submission + - Sony Updates ToS for PS3 (psx-scene.com) 4

OopsIDied writes: Sony has updated their ToS/Service Agreement to include permission to "monitor and record your activities and communications." Accepting these new terms is required in order to use the Playstation Network which is necessary for a wide variety of PS3 activities.

Comment Re:Of course... (Score 1) 542

Japan had the highest savings rate in the 90s, so they had enough capital to last them through even worse a recession.

You appear to have completely missed the point. Japan had the highest savings rate in the 1990s as a result of the deflation. Consumers were not consuming because they would wait until the price of anything went lower. For the same reason, industry did not invest in capital, because a loan for said capital would inevitably cost more in the long run. High savings rate in Japan did not enable them to survive their recession, it extended it a decade longer than it would have been had the government stepped in an ensured that deflation had not taken place. This is a textbook example of a deflationary spiral, which I referenced in my previous post, which you appear to have glossed over in your zeal to ignore reality.

Japan would have had deflation if only it didn't ruin its economy by inflating its money and stealing the purchasing power from its citizens. You know, you should research and show us a single time that deflation actually HURT somebody! (as opposed to inflation, which actually DESTROYED entire countries).

Let me get this straight, you argue that Japan had deflation because they had inflation. That is the most illogical thing I have read on Slashdot in a good long while. According to the oracle of Wikipedia:

The third [significant period of deflation in the United States] was between 1930–1933 when the rate of deflation was approximately 10 percent/year, part of the United States' slide into the Great Depression, where banks failed and unemployment peaked at 25%.

I would say deflation caused a bit of pain for all those unemployed people.

You obviously do not understand the fundamentals of economics on this subject. You would be better served to do a bit of research on the subject before going off as you have. For shame.

Comment Re:Of course... (Score 1) 542

Please observe what happened to Japan in the 1990s with regard to deflation. Deflation is the last thing you want your economy to do systematically, across the board. It encourages people to put off consumption and make a recession last a lot longer than it could.

This is precisely why the Fed continues to print money. By trying to keep inflation above 2% we can avoid the nasty business of dealing with a deflationary spiral. Debtors calling to the cessation of the quantitative easing will rue the day it happens, for deflation will exacerbate any debt load.

Slashdot Top Deals

"And remember: Evil will always prevail, because Good is dumb." -- Spaceballs

Working...