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Comment Re:The view fails to account getting &*#@ed (Score 1) 546

Oh wait, I get what you mean, the stock market crash of 2008. The RE "crash" around here followed which people often cite as a buying opportunity, but it was 2 weeks long and only on paper.

I was fully invested during and after the 2008 stock market crash. I invested my house proceeds at the top of the market and got slaughtered, but nobody in their right mind sells low. The markets did nothing for roughly 8 years, but there's a tiny, tiny uptick in my portfolio.

In terms of the house, it sounds like you didn't take the boomer's advice to "buy what you can afford, save a good downpayment" or you were born a few years earlier than me. Congratulations.

Comment Re:The view fails to account getting &*#@ed (Score 1) 546

I did buy one, but sold it a few years later for personal reasons. Didn't make a lot of money at it.

I've saved over $400k, but houses where I'm renting are over $2M now.

Real-estate is highly local, so the 2008 crash around here was 2 weeks long. Emergency measures kicked up prices at double-speed until 2015 and faster still in the past three years.

Comment Re:The view fails to account getting &*#@ed (Score 1) 546

Ditto, almost every bit of advice from a boomer has been bad advice.

Every year, houses increased more than 4x my annual savings, even when I packed away $80k/year in after-tax savings, it wasn't enough to make my downpayment more effective than if I bought 20 years ago.

The lesson is the rules will change to suite the majority. The millennials will do fine.

Comment Re:What is it? (Score 0) 109

So that you can use GNU software without straightjacketing yourself into a Linux desktop.

See the summary

Web developers have been relying on MacOS for years to get a decent Unix environment. MS is looking to take that market before Apple comes to their senses and starts manufacturing hardware again.

Comment Re:this is why you need two factor auth (Score 1) 237

I've never seen a DC without 2 factor authentication. The second factor usually being a fingerprint, and implemented in a mantrap. If your rubber finger doesn't work, and you don't have a good explanation for the guards, the doors won't be opened until the police arrive.

Comment Re:this is why you need two factor auth (Score 2) 237

Infosec teams often have direct read-only access to equipment and audit logs to central servers, with alerts on use-cases such as turning off logging, modifying account permissions etc. etc. In some circumstances even command history is logged.

It's hard to imagine why infosec would conspire to hide an account. If it has a good reason to exist, the case can be made to the CIO.

It might be possible to circumvent this stuff if you have physical access during a network outage, but your card access logs would still be in the system, it just might take a couple years for it to turn up when people investigate "how did the back door get there?" and it may be enough to put you in prison.

Comment Re:24/7 job (Score 5, Informative) 513

That's exactly what IBM did. It even ended pager-pay... since we were always on the clock.

For reference,

Information technology professionals are not entitled to overtime pay.

And my favourite:

Information technology professionals are not covered by the daily and weekly limits on hours of work

From what I could find, these were laws meant to cover fisheries and agriculture, where the seasonal nature of the work meant that the only time you would work on a harvest or catch was when there would be work. It was understood that the nature of the work was feast-or-famine, and it was paid hourly. If they had to pay overtime, they would be paying nothing but overtime. Strangely, the rules also included accounting, some screwball argument that month-end and year end was a busy period and that people could take time in lieu or have downtime between busy periods.

Somehow this slippery slope was extended to IT. As a salaried employee, it meant they could pay you *nothing*.

Thank you Dalton McGuinty.

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"There is no statute of limitations on stupidity." -- Randomly produced by a computer program called Markov3.