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Comment It's just not fair ... (Score 1) 164

... say the traditional studios.

We spent all that time and money monopolizing the production and distribution channels. We paid good money to lawmakers (or occasionally left a horse's head in their bed) to get legislation written to protect these shady business practices. And now some upstart finds a way to bypass us. And without even giving us a piece of da action. I mean its all ones and zeros floating around in the ether. There isn't even a warehouse or movie theater to burn down.

Comment Yeah, this was tried. (Score 2) 216

On a Somali flight (Daallo Airlines Flight 159). A laptop full of explosives was smuggled aboard a flight and detonated against the airplane's hull, blowing a hole in it. The only fatality was the bomber, who was sucked out the hole.

The issue was that, in order to get this laptop around checked bag security in Mogadishu (which isn't too good, but enough so that the terrorists didn't risk carrying it through), they had to have an airport employee carry it in and hand it to the passenger. Now if this is what the USA and GB are worried about, we have a really big problem. If an airport employee can sneak in a laptop, they can sneak in anything up to the allowed carry-on size. It doesn't have to be electronics. It could be a hollowed out bible or koran. The only way to protect against this kind of threat would be to shut down all flights originating at or passing through an airport suspected of being compromised.

Comment Re:Yeah, right. (Score 1) 305

If you don't have cash you don't buy it, well what if you needed it?

Well then you budget your available money. And develop some financial discipline. And if your debit card/account doesn't allow overdrafts, you could easily spend your money on crap and then be broke when you need to buy those groceries or whatever. And that can sneak up on you quickly when you can't look in your wallet to see how much is left.

The German situation can't change soon enough IMO.

Why? Unless you are in Germany, why should you care? They have some of the best financial discipline in the EU (Greece BTFO). And their system works well for them. You can learn by example or not.

Comment Re:Underwhelming announcemnt (Score 1) 140

if operating it profitably requires charging $10K and up per passenger for the London - New York trip

Do it.

It is intended to be all premium class. $10K per ticket is no big deal for people whose time is worth something. You want to pay $1k per passenger for a trans-Atlantic flight? You get to spend 8 hours crammed into economy behind some screaming, snot-nosed kid. Not everything has to be marketed to you.

Comment Yeah, right. (Score 4, Insightful) 305

Bring India in as an example. They royally screwed over their poorer citizens when they 'retired' their old cash and didn't have enough new bank notes ready to replace it.

It would be interesting to see a graph of household debt vs adoption of cashless payment methods. An anecdotal point: Germany has pretty low household debt and relies primarily on cash for personal transactions. The idea being; if you don't have the money in your pocket, you don't buy it. Cashless transactions are a good way to either get people to run up debt in the form of a line of credit or overdraft fees. I smell more income for banks here.

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