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Comment Re:Prediction Markets (Score 1) 64

It's not a remotely level playing field. One soldier who took part in the Venezuela raid basically had orders in hand when he placed multiple bets on the timing of the raid, netting a ton of money. There have been many other examples of inside information being used to stack the odds.

Comment Re:The grift is now right out in the open (Score 1) 64

Unless you're a C-level employee, specifically working in M&A, or maybe as the lead on a truly revolutionary new product (no, your company's Facebook wannabe or thinly disguised open source ripoff ain't it) - You have no insider information to trade on. Sincere belief that your employer's cool new toys are going to change the world ain't it - every company has cool new toys in the pipeline, and most of them are going to flop or at best be just another branded widget.

This is absolutely not true. There are plenty of people in the financial side of a business that have information that is material but non-public, and trading based on that knowledge is illegal, including sudden cuts in spending, audit results prior to publication, and more. HR will be aware of major layoffs. Facilities might be aware of impending site closures before they're announced. All these things can be used for insider trading.

Lower-level people aren't usually pursued because they're small enough to fly under the radar. But that doesn't mean it's not illegal, and it doesn't mean it never happens.

Comment Re: High price. (Score 2) 31

I don't think most people who can afford a thousand dollars for a phone plan to keep their phone for longer than the 7 years Google will support their Pixel devices these days, nor do they want to buy a phone which has been out for very long. The poors will accept last year's iPhone, or an even older one, or the Shitty Edition bundled into their phone plan.

For a non-Pixel device you'd have a solid point, as most other Android phones have abysmally short support lifespans. Then again, many of those phones are so much cheaper you can buy one every three years...

Comment Re: It is quickly becoming clear... (Score 1) 103

Yeah he paid billions to shut down a wind project in my area in California. PGE has made it quite clear they will not bring in more power, and right now you can't get anything permitted here that requires new service because there isn't any to go around. Since California let PGE kill net metering (fuck you Gavin) we won't be getting the power from anywhere else either. The local descendant of the Confederacy yokels are celebrating because they didn't want the wind turbines to ruin their view.

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