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Comment Re: If you're not familiar... (Score 1) 337

I've lived in CA for 30+ years. They contantly trot put this "teachers have to buy their school supplies!" nonsense. After every tax increase, lottery, bond or whatever to give money to the schools.the story is the same. The reality is that the system keeps teachers in this state deliberately. They take the new money and use it to hire their buddies as useless administrators. Just look at the charts, student population flat, teacher population flat, administrators increasing exponentially. If only people like you would wake up and see that the teachers are being used. But instead you continue to support a corrupt, broken system. In this age of technology the admin to student ratio should be going down (did you know at UC Berkeley there is now 1 administrator for every FIVE students?)

Comment Re: Nobody sees any bias on Wikipedia? (Score 0) 193

Hard for me to cite examples as it's been years since I gave up on Wikipedia for anything other than hard science info. The last one I remember was the Paul Pelosi attack, where key details of the story were omitted and the attacker morphed into a right winger (because he made a few bizarre blog posts) despite being a Berkeley hippie who lived In a commune and had many other indications of being a lifelong leftist. If you want to see the bias in action, just wait for any politically charged event to occur and watch the wiki article evolve. It usually follows a similar arc, being very extreme at first (when lots of people are reading it), then over time settleing down to a "factual" account which bends in favor of leftists/democrats at every chance.

Comment You are wrong. (Score 1) 448

You guys who are posting how they are all parasites, how they contribute nothing, are just flat wrong. You don't know what you are talking about. Let me give you one example: the spread. In times before high speed trading, the spread between the bid and offer might be quite large. One effect of HFT has been to reduce this spread to almost nothing. Why does that matter? Well, if you buy a stock, and then decide to sell it, you will pay the spread. It's like buying a car. You drive it off the lot, the price goes down by 20%. HFT has created a situation where you can turn around and sell that car for 99.999% of what you bought it for. This helps ALL investors. Wide spreads also give brokers more of an opportunity to mess around. They can put orders on both the bid and offer, wait for them to get hit, and get paid the spread for doing nothing. The truth is technology has totally opened up the trading world to a wider group of people than ever before. For a few hundred dollars a month, you too could have a server colocated with the exchanges. You just have to have the balls to try. In the old days, such access was only for the select few. Stop bitching about progress, especially technological progress. I thought this was slashdot?

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