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Comment Re:The system worked (Score 1) 470

Actually from reading the article it was the KKK that called the FBI. Talk about strange bedfellows.

""Crawford has specifically identified Muslims and several other individuals/groups as targets," investigator Geoffrey Kent said in a court affidavit. According to the indictment, Crawford also traveled to North Carolina in October to solicit money for the weapon from a ranking member of the Ku Klux Klan, who informed the FBI. Crawford claimed to be a member."

The FBI led the pair along for a while by supplying parts and money to build the device.

Comment Re:Just like the Nobel (Score 2, Informative) 271

The Green Revolution saved billions from famine and disease. As scientific understanding of the process and technology improve leading to improved sustainability. Current systems are very wasteful; some 30-40% of all food ends up not being consumed. RIGHT NOW we produce enough for estimated stable long term population levels of the planet.

In the meantime birth rates in human populations are declining due to the overall economic improvements. Some areas are even experiencing sub replacement birth rates.

Comment Re:Biased much? (Score 2) 271

Nonsense. The idea that Monsanto has a monopoly is flat out wrong.

There are several major crops where Monsanto has a lot of competition, and others where Monsanto doesn't even offer products. Corn, which is Monsanto's biggest product has a 40% market share.

In only soybeans could you say they have a monopoly. And the first generation patent that gives Monsanto the edge in this market expires in 2014.

Comment Re:Just like the Nobel (Score 2) 271

> One may well argue that dynamite contributed to world peace in the same way the Green Revolution, with its focus on massive crop monocultures, contributed to global food production.

You can argue that if you want. But then you have to explain away the fact that Borlaug saved more lives (now estimated in the billions) than any man to walk the earth.

Good luck with that.

Comment Re:He won't need to wait 5 years (Score 1) 541

> BRIC is set to replace the dollar.

Yeah, right. A bunch of emerging market countries have no possibility of replacing the dollar. Brazil, Russia and India are far too small and unstable, and China's has a managed exchange rate.

The only other alternatives are the Euro and the Yen. Well forget the Yen, there are not enough of them. The Euro is the only other thing that has a chance, except it does not have a sovereign backing.

Comment Re:The Efficient Market Hypothesis (Score 1) 476

> Therefore, markets are all inefficient _on all timeframes_.

You obviously have no idea what you are talking about.

The efficient market hypothesis is perhaps the most studied financial analysis of equity markets ever done.

A LOT of important work, like Black-Scholes is based on it.

The fact that markets are efficient cause exactly the opposite of what you claim. Since all public information is already accounted in the price, successful trading becomes very difficult, and success relies either on use of non-public information or random chance.

The prime originator of it is University of Chicago Professor Fama who was the first recipient of three major prizes for research in Finance; the 2005 Deutsche Bank Prize in Financial Economics, the 2007 Morgan Stanley American Finance Association Award for Excellence in Finance, and the 2009 Onassis Prize in Finance. His other awards include the 1982 Belgian National Science Prize (Chaire Francqui), and the 2006 Nicholas Molodovsky Award from the CFA Institute for his work in portfolio theory and asset pricing.

He's been nominated for the Nobel Memorial in economics several times. There is little doubt he will eventually win it.

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