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Comment Re:Pay Decrease? (Score 2) 261

Money isn't everything to everyone. If you were being paid $500.00 per hour to shovel out a barn, wouldn't you take a job that offered something more fun like programing with python even if it paid $490.00 per hour?

Depends on the job. Which one do I take to wade through the least amount of bullshit?
I'm burnt out enough that I might try the barn for a year just for the variety.

Comment Re:Precedent set? (Score 2) 5

No, client-side Tor only makes outgoing connections to relays. If you configure it as a relay it also passes traffic, but always encrypted so it can't be linked to any particular circuit elsewhere at any other node. Legal hazard for Tor node operators is only an issue for exit nodes, unless things get so bad that cryptography itself is targeted.

(Disclosure: I am a Tor developer)

Comment Re: (Score 1) 319

Follow up: Why don't you have a Nexus-style hardware program (promoted on the front page of Ubuntu.com) where hardware partners produce Ubuntu desktops / laptops that are certified to receive working updates for 3 years?

Google

Google Wants To Be a Wireless Carrier 151

zacharye writes "Google has already conquered the software side of smartphones and now the technology giant is reportedly in talks to take over the air waves. A report on Thursday claims that Google has held talks with satellite television provider Dish Network regarding the possibility of a venture that would see Google launch its own cellular network and compete directly with the likes of Verizon and AT&T."
Science

Volcano May Have Killed Off New Bioluminescent Cockroach 108

terrancem writes "A newly discovered light-producing cockroach, Lucihormetica luckae, may have already been driven to extinction by a volcanic eruption in Ecuador. The species, only formally described by scientists this year, hasn't been spotted since the Tungurahua Volcano erupted in July 2010. The new species was notable because it represented the only known case of mimicry by bioluminescence in a land animal. Like a venomless king snake beating its tail to copy the unmistakable warning of a rattlesnake, Lucihormetica luckae's bioluminescent patterns are nearly identical to the poisonous click beetle, with which it shares (or shared) its habitat."

Comment Re:Good. (Score 2) 421

The issue here is probably that it is a misnomer to say corporations are holding "cash". The big banks (a.k.a. primary dealers) are moving their cash hordes around constantly but I think most of it has been in the stock market and commodities. I imagine most corporations are doing the same. You would have been a complete chump to actually hold cash for the last three years because the value of dollars have been hammered.

The key distinction is between holding your assets in liquid investments or investing it in your business. Companies are NOT investing it in growing their businesses which is what TFA is referring too. Why should they. Over the last 3-4 years it was incredibly easy to get huge returns just buying in to the stock market as it rallied from 6600 to 13000. It was shooting fish in a barrel for them to just ride the wave as the Fed reinflated the stock market by printing money and handing it to the primary dealers. Contrast the ease with making money gambling in stocks and commodities over the last three years versus doing the hard way, investing in your business, doing R&D, making products. Its why unemployment stays high. Its a lot easier to gamble for money these days than it is to work for it.

As for when the inflation happens, as I said, no one knows. Maybe it won't. The problem is always that everyone has confidence in your currency until they don't. And when they lose it, it is usually sudden and ugly.

Another problem is that, since nearly all central banks are debasing their currency, its a complete crap shoot to figure out which currency is safer than all the others. The Swiss Franc has been the hands down choice for most of the last three years but so much money has fled in to such a small country that its severely imbalanced too.

Let's hope we get lucky and can muddle through. One plus to the Fed's money printing is they are replacing wealth wiped out when the housing bubble collapsed. Unfortunately they are replacing money lost by home owners and pension funds who bought mortgage backed securities, with money pouring in to Wall Street, and Wall Street is just using it to fund their gambling addiction, not to build companies or create jobs.

Comment Re:Good. (Score 4, Insightful) 421

The origin of most of the cash glut recently isn't direct governent bail outs, most of it is due to the massive liquidity injections (a.k.a money printing) being done by the Fed, ECB and various other central banks. They are in a massive race to the bottom to see who can debase their currency faster, juice their exports, and print money to finance massive sovereign debts.

This money printing is mostly propping up the stock market and corporate profitability. It makes it look like all is well, though in reality the value of the dollars those things are measured in is plunging more than the stock market or corporate balance sheets are actually improving. It is a creating an economy based largely on fantasy, and is creating a global Wiemar Republic.

What the Fed is doing is also referred to as Financial repression. It is artificially suppressing interest rates, punishing savers, especially seniors who shun the stock market, and giving debtors, including the U.S. government a giant finance your debt for free card. China has been using massive financial repression for over a decade to juice their economy too.

When central banks start printing money to finance sovereign debt, it is nearly impossible for it to end well. The only question is when will the house of cards they are building collapse.

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