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Comment Re: Color me surprised... (Score 1) 208

But it's not just the multi-billionaires. It's the many more multi-millionaires that produce nothing but wedge themselves into every transaction.

Look at any product that can be bought from an American company or direct from China. That HUGE price difference is how much the American company is skimming off the top.

Comment This has been a problem since checks began (Score 1) 183

Thankfully, banks have processes to deal with this easily and quickly, and as long as you pay attention to your bank statements, the risk of successful check fraud is minimal. Check statement against what you think you're paying, verify anything questionable, call the bank if you don't recognize the transaction.

They've been dealing with this problem for centuries now. First evidence of a modern-ish type of cheque (hand-written, paid by bank, etc.) was from 1659. There are multiple processes and statutes in place for dealing with it, most of which require timely notice of mis-paid checks. So, while paying by check risks fraud, so does every other method of payment, because you might not know it's a fraudulent transaction until after you've handed over the cash and the guy ran for it.

This is only news because the amount is high, and the victim didn't notice until too late. Time to file a police report (on the fraud, not the bank), and talk with a lawyer (many offer free initial consults to see if there's anything they can do, possibly including working on contingency).

Comment It's either this or the end of the world (Score 1) 195

The robots are coming. I'm not talking about the toys, I'm talking about the real robots that can do everything a human can do, but better, and cheaper. And I do mean everything. From mining coal, to taking tickets at the movie theater, from fighting wars to flipping burgers, from building houses to building more robots, from doing your taxes to running your business enterprises. Literally every job from janitor to CEO is in jeopardy. NEAR TERM jeopardy. Like as in the next two to three decades, at most. The technology to create human-capable robots is no longer a pipe dream, it's now become a pure function of time, training and money, a.k.a. inevitable, and soon. Once the transition begins, short of a Butlerian jihad, it doesn't end. The entire concept of "an economy" is nearing it's conclusion. So everything we can do now to begin softening the blow on society, the more successful we're going to be moving into this new world which nobody seems to be planning for.

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