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Comment Re:Pyrite Pete's failed prediction (Score 1) 88

What gets me curious is why people are still pumping money into the ecosystem.

There is a global overabundance of cash (plus cash equivalents), and too few good investments.
Every choice appears bad, so investors diversify into *everything* (savings, CDs, stocks, bonds, commodities, crypto, etc.).

Comment Re:...in fairness, there's a lot gov can do I can' (Score 1) 23

Actually, in the US of A, you *CAN* own fighter jets.
You can even get ammunition for them (depending on county of residence).

It simply requires an army (or navy) of attorneys and paralegals
to fill out all the paperwork. (Campaign donations to the local Sheriff are
also helpful).

It's more a question of Return on Investment. There's usually no *money*
to be made owning a fighter jet, so most Americans don't bother.

As for nuclear missles, the missle part is waaaay easier than a fighter jet.
The nuclear warhead is going to be the tricky bit :).

Comment State granted monopoly (Score 3, Interesting) 115

AT&T wants to keep its state granted monopoly to provide land-line service, without actually providing land-line service.
Otherwise, it would be easier to spin off the the land-line component and let it dwindle into bankruptcy.
This is about how far AT&T will go to prevent competition, even over a dying product.

Next question: Does the Calfornia Legislature have the will to cancel AT&T's state granted monopoly?

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