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America Online

Submission + - Is AOL finally crashing and burning? (marketwatch.com)

An anonymous reader writes: AOL's disastrous quarterly report showed cash from continuing operations was down 44% from a year ago (while "adjusted operating income" was down 37%), as it continues a rocky transition from monthly subscription fees into advertising. (Their quarterly report also notes "the cessation of large-scale access subscriber acquisition campaigns" — investor-speak for the fact that AOL will finally stop mass mailings of free trial accounts.) Unfortunately, AOL's advertising business "did even worse. Its revenues declined by $110 million...every single segment is down." AOL has already lost 86% of the 30 million subscribers it reported in 2001 — down to just 4.3 million — but advertising hasn't yet filled the gap (possibly because many AOL ads had been displayed to the users AOL no longer has). But at least, as one technology blogger notes, AOL has finally released a mobile application, "In the new definition of 'late to the party'."

Comment Re:The VA is not a valid comparisson for anything! (Score 1) 804

My atrocious math aside, you miss the point of my post. (And really at $0.66 verses $0.02, either makes my point. Okay, we can all get a free band-aid now, woo hoo!)

My assertion was that you cannot provide the same guaranteed level of care that a veteran gets through the VA on a nationwide scale. Your point about everyone not needing the same dollar amount of health care is well taken, but irrelevant. It doesn't matter that some veterans will use more or less, my point was that on average, the VA can afford to spend $40,000 on each veteran before it is in danger of becoming insolvent because you have 20 tax payers supporting the care of 1 veteran.

If you flip the scenario and have 1 tax payer supporting the health care of 3 citizens, as would be the case with universal coverage, you no longer have a subsidized system like the VA. That doesn't mean universal health insurance is not feasible. It just means you cannot guarantee that it will function with the same quality of care as the VA does.

Again, the VA system is not a health insurance system, it is a system of taxpayer subsidized health care for veterans.

And by the way, 100 million is an accurate enough estimate, especially when you look at the fact that out of the 132 million tax returns filed in 2006, 43 million of showed a $0 tax liability. (link).

Comment The VA is not a valid comparisson for anything! (Score 1) 804

DO you know what group is alway rated the best health care and service through independent studies?
The VA.
That right a government run program. Cheaper drugs, better service, healthier people.

Do you know why the VA is so good? Do you know why veterans get such a good deal on health care?

It's because the VA is not universal health insurance, it's government subsidized health care. Veterans get such cheap health care because the all of the taxpayers in the U.S. pay to subsidize their health care.

The VA is not health insurance. It's a service we in the U.S. provide (and rightfully so!) to all of our Veterans in exchange for the invaluable military service they have provided us.

Any comparison of the the VA to any insurance based scheme of coverage is inherently flawed and impossible to make. There is no way an insurer, public or private, could provide the level of coverage the VA does at the same expense rate.

Think about it, it's simple math. Let's say there are 100 million tax payers in the U.S. and they all pay on average $2 in taxes that goes to support the VA. Let's further assume that there are 5 million veterans eligible for VA health benefits. That means you have $200 million to spend on 5 million people or about $40,000 per veteran for healthcare.

Let's assume that we go with universal insurance in the U.S with the same tax burden as the VA. Now that $200 million has to cover 300 million U.S. citizens. That's $0.02 a person. To get that same $40,000 per person coverage you would have need to generate 12 trillion dollars in revenue, or about $120,000 per tax payer in revenue.

Any comparison of the enduser costs of a VA member to the enduser costs of an insurer are impossible. With the VA you have the many supporting the few. With an insurer you at best many supporting many, and in the case of universal insurance few supporting many.

Comment "State" != Federal Government (Score 1) 1088

"No State shall make any Thing but Gold and Silver Coin a tender in Payment of Debts"

Yes, exactly, no State can issue currency unless its backed by Silver or Gold. The clause in no way limits the Federal Government from issuing fiat currency.

Remember your civics, state governments and the federal government are two autonomous governing bodies. The Constitution, specifically Article I Section 10, was about delineating the separation of powers between them.

Comment Speculation and Investment (Score 1) 199

First off, I watched that video, and Peter Schiff's comments, while prescient, did not call "every American stock" a "speculative gamble." His comments mostly had to do with the unwinding of the credit and housing bubbles, and what little reference he did make to stocks were with respect to financial companies, and with respect to those, he was of course right.

Financial companies' balance sheets are notoriously tough to understand and far from transparent. Go look at a company AIG or Goldman Sachs's 10-Q, and then look at a company like Apple or Caterpillar's and you will see what I mean. In part it's due to the nature of the beast because financial companies often hold all sorts of securities, loans, derivatives, and other paper, and they simply cannot line item all of these in even a couple hundred pages. Additionally some of these assets do not have a liquid market to trade in (i.e., they rarely if ever change hands), and thus, their current value has be be calculated based on projections and models.

Now back to your question of a formal method for investing, there are plenty of books out there for that, and it would take more than one post to outline one. However, here are some simple guidelines for a conservative investor to follow:

1) Always invest in companies that pay dividends. There are plenty of companies out there that pay pretty sizable dividends if you look outside the tech sector. I could go on forever about this, but safe to say that dividends are not only an instant return on your investment, but also if they are reinvested they can act like compound interest. Also, make sure the company is earning enough to pay out its dividend.

2) Only invest in companies whose business you can understand. This is for piece of mind, and will allow you to better see how changes in the economic landscape will affect a given company whose stock you own.

3) Always diversify your investments. No one stock or business sector (e.g., tech, health care, oil, materials) can make up more than 20% of your portfolio. Look at the tech bubble in 2000 or the financial crisis this last year. If you were all in tech or financial (respectively) you were probably did really well during the boom but were wiped out by the bust. Diversification helps mitigate this risk. It'll keep you from maxing out your returns, but it'll also prevent you from catastrophic losses.

Fundamentally, any investment involves taking a risk. The greater the risk, the greater the reward. The key to investing is to understand the downside risk and the potential upside of your investment so that you can make an informed choice in your decision.

Patents

Submission + - EFF: Patent Busting -- Prior Art Needed for VOIP

JumperCable writes: The Electronic Frontier Foundation is seeking to bust an overly broad patent by a company called Acceris. Acceris claims patents on processes that implement voice-over-Internet protocol (VoIP) using analog phones as endpoints. These patents cover telephone calls over the Internet.

Specifically, the claims describe a system that connects two parties where the receiving party does not need to have a computer or an Internet connection, but the call is routed in part through the Internet or any other "public computer network". The calls must also be "full duplex", meaning that both parties can listen and talk at the same time, like in an ordinary phone call.

To bust these overly broad claims, we need "prior art" — any publication, article, patent or other public writing that describes the same or similar ideas being implemented before September 20, 1995.
Wireless Networking

Submission + - Military system offers worldwide cell phone access

coondoggie writes: "U.S. soldiers stationed in remote regions of Iraq and Afghanistan can flip open their Razr or LG mobile phones and place calls, thanks to a new portable cellular communications system from LGS, the U.S. government marketing arm of Alcatel-Lucent. LGS announced its Tactical Base Station Router (TacBSR), which was developed by Bell Laboratories, in February. The TacBSR is a single box that provides instant commercial cellular communications and serves as a gateway between cellular and VoIP networks. The TacBSR is available for U.S. government customers only. Applications include field deployments, disaster recovery, reverse 911, and search and rescue operations. http://www.networkworld.com/news/2007/031507-milit ary-systems-provide-instant-cell-phones.html"
Novell

Submission + - Novell: "Windows is cheaper then linux"?

dyous87 writes: "A recent article on ZDNet seems to claim that Novell had connections to a comment made about the total cost of ownership of Linux being more expensive then that of Windows. This connection will undoubtedly continue to anger the Open Source Community and bring about an even worse reputation to Novell who seems to have been blacklisted by some Linux users since it's deal with Microsoft a few months back."
Quickies

Submission + - Does sprawl make us fat?

Ant writes: "This Science News article talks about the relationship between city design and health. New transdisciplinary research is exploring whether urban sprawl makes us soft, people who don't like to exercise move to the suburbs, or, more likely, some combination of both... Seen on Boing Boing."

Feed Detroit Says No to Cheaper Gas (wired.com)

As the energy debate shifts from "dependence on foreign oil" to climate change and the threat of CO2, automakers fear lower gas prices will ease demand for eco-friendly alternatives. In Autopia.


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