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Comment Re:What? (Score 1) 291

Do you actually work for a living? $100,000 a year doesn't equate to $8,333 a month in take-home pay. Try deducting FICA, Social Security, Medicare, and local taxes. That gives you about $4,600 take-home per month. Oh, don't forget insurance premiums and 401(k)/IRA contributions so you can one day afford one day in the far future to retire, so say $4,000 / month take-home.

Rent is more like $3,000 / month, then add electricity, water, trash, insurance, telephone, and Internet.

The rest, if you can find it, can be used to eat. God help you if you need to buy clothes, get anything dry cleaned, buy furniture, pay medical deductibles, etc.

https://medium.com/@andrwyng/making-100k-per-year-congratulations-you-will-barely-make-enough-to-cover-your-retirement-funds-74eaaf76fd3b

Comment Re:Myth: Mayer didn't do well for Yahoo! (Score 3, Insightful) 152

The bottom line is that CEOs are supposed to generate value for shareholders

Reports say that Meyer ordered underlings to not buy the resources to prevent and then not report the security breaches at Yahoo! That cost shareholders more than $1B in valuation on the Verizon deal.

That's one heck of a negative RoI. She had the wrong instincts, she did the wrong thing, and her owners paid dearly for it.

speculation about what someone else might have done is unproductive

No, all her competitors invest in security and are not punished by the market for doing so. This is comparing her to the field, not some ubermensch ideal.

Comment Re:BrickerBot (Score 0) 102

Yeah .. there's nothing like a vigilante of whom you approve.

That Batman is the #1 superhero indicates that a very large majority of the public recognizes that the State is limited in ability, resources, effectiveness, and competence.

Imagine you're at a shopping mall, some nut comes in and starts throwing knives at passersby, taking out one shopper every five to ten seconds. There's a grandpa there packing a 9mm under his coat. Do you:
a) want the grandpa to take out the knife-attacker
b) call 911 and wait for the police to arrive

Statists will generally sacrifice all the people's lives in scenario b) because they value group power over individual life, liberty, and property. Non-statists believe in self-defense and third-party defense as a right and even a societal obligation and will go with a) and save all those lives. The Statists will then show up to call grandpa a 'vigilante'.

Fortunately, the Internet is inherently Stateless so the third-party defense doctrine applies. As far as motive - we just heard a couple days ago about the teens on moral crusades, and then there's the possibility that people (at Dyn?) lost their jobs over the recent high-profile Mirai attacks and would want to see that botnet brought down.

Comment Price Elasticity (Score 1) 238

the one that will extract the most profit from consumers' wallets

Oh, dear, an article by a Marxist still living in 1860. They love them class warfare vocabulary.

The online shopping sites are not trying to get the highest price they can for every product. They are trying to get the optimal price for every product.

Often times the optimal price can be the lowest price, or close to it. One only needs to look at Walmart's position at #1 on the Fortune 500 to understand this is true.

The optimal price is one that enables the highest overall profit for the company. Keeping customers coming back is absolutely one requirement for maximizing profit. Low prices directly benefit consumers and producers in many markets.

What Marxists fail to understand is that profit is the information signal that is sent through the economy from consumers to producers to indicate that they approve of what they are doing. A 'Like button' in the parlance of our times.
  Profit is a very good thing, and it benefits consumers by constantly refining the goods available on the market and the prices of those goods.

Granted, Marx didn't have the benefit of game theory or information theory to work with, but modern writers have no excuse for ignoring modern learning (that's already 60-80 years old). Here's a recent Freakonomics episode on price elasticity that might help some aspiring writers (or even economists) who don't even want to take the time to read.

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