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End Bonuses For Bankers 548

theodp writes "NYU risk engineering prof Nassim Nicholas Taleb has a suggestion that won't sit too well with the banksters. In his NY Times op-ed, Taleb writes: 'I have a solution for the problem of bankers who take risks that threaten the general public: Eliminate bonuses.' The problem with the bonus system, Taleb explains, is that it provides an incentive to take risks: 'The asymmetric nature of the bonus (an incentive for success without a corresponding disincentive for failure) causes hidden risks to accumulate in the financial system and become a catalyst for disaster. This violates the fundamental rules of capitalism; Adam Smith himself was wary of the effect of limiting liability, a bedrock principle of the modern corporation.'"

Comment Re:I suspect there would be some sort of setting.. (Score 1) 899

This would be very unfortunate for Ubuntu which plans to increase their user base immensely or any new operating system attempting to make a splash in the market. I suspect the reason for this is that it is the easy way. Linux and Unix don't require this to run securely, yet are still secure.

Comment Re:Should jailbreaking exemption apply to consoles (Score 2) 114

That's a good question. I believe that once you've bought the hardware, it should be yours and you can do what you want with it. You may void warranties, but there should not benaything stopping people from sharing information about jailbreaking a system, nor should it be illegal to do so. It should remain illegal to copy and sell games, but I'm a developer, who would like to play with some nice hardware.

Comment Thank you Ontario! (Score 5, Informative) 378

Ontario, Quebec and Alberta actually have legislation that prevents such a clause, which renders Section 15 invalid. This is mentioned in an article about a BC consumer filing a lawsuit against Telus, see this. I haven't tried to track down the actual legislation that prevents these clauses, but CBC tends to be fairly reliable.

Disclaimer: I am not a lawyer, this is not legal advice.

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