bitcartel

It's been going on for years. Take the taxpayer bailed-out Citibank for example:

1999 "...clients, from Mexico, Nigeria, Pakistan and Gabon, whose sources of income were dubious and who passed millions through Citigroup banks." http://news.bbc.co.uk/2/hi/americas/511951.stm

2009 "Japan raps Citi for lax money laundering controls... bans Citi from retail banking promotions for a month... cites problems with governance, internal controls... Regulatory action follows similar violation in 2004" http://www.reuters.com/article/2009/06/26/citigroup-japan-id...

2012 "A US bank regulator cited Citigroup on Thursday for failing to comply with a federal law that requires banks to establish protections against money-laundering but did not impose a fine." http://www.nypost.com/p/news/business/us_regulator_cites_cit...

Ah, the issue of CPU intensive code in a single-threaded event loop of a system designed to handle I/O bound applications... let's not go there again!

Singapore, a tiny piece of land with no resources, has been transformed over 50 years from a colonial backwater into a first world country. People once in poverty now live much more comfortable lives. Of course things could be better but the issues you raise are no different from the issues people face in other countries and major cities.

You're right... but start-up culture glorifies the long hours and epic all-nighters[1], that to do otherwise would have you tarred a slacker[2].

[1] "One of the most pervasive myths of startup life is that it has to be all consuming. That unless you can give your business all your thoughts and hours, you don’t deserve success. You are unworthy of the startup call. This myth neatly identifies those fit for mission: Young, without obligations, and few if any extra-curricular interests. The perfect cannon fodder for 10:1 VC long shots." http://37signals.com/svn/posts/3106-all-or-something

[2] "Startups Are Hard. So Work More, Cry Less, And Quit All The Whining" http://uncrunched.com/2011/11/27/startups-are-hard-so-work-m...

The professor should/could have simply told them to get in and do the exam or face zero marks. No doubt there would have been howls of protest from the students, however this would have resulted in a test of their character and subsequent life lessons in unity, division, authority and fairness.

Good spot. You have to separate the wheat from the chaff at some point. Better earlier than later.

Yes, but it does seem like the students were cheeky and got away with it. They played the game according to the rules, but there is the issue of gentlemanly conduct.

"In a programming course, it’s exceedingly difficult to judge one’s knowledge of a subject by a written 50 minute exam. It ends up being a test on nit-picky details and doesn’t accurately determine the good programmers from the great, or the not so great." -- Student

Whereas of course boycotting an exam reveals so much more about one's programming knowledge!

Wordpress is for bloggers, Github is for developers. Why not keep things simple?

Aha... but it's not obvious. I thought the highlighted text were links to supporting articles.

Sure, that's a rational way to look at things, but human emotion is also part of the equation.

It may be easy to walk away from professional fund managers, but friends and family and small angel investors who believed in you?

Knowing that a social debt can never be repaid, sadly for some people, may be too heavy a burden to carry.

Sure, you can walk away from a professionally managed fund, hopefully with your name intact, but I bet it's not so easy to walk away from friends, family, and small angel investors who believed in you. The mental burden of failure, of disappointing those closest to you, must weigh heavy.

We know students are taking their own lives because of the debt they think they can never pay back[1]. Start-up founders are in a similar position, indebted to their investors[2] and under pressure to deliver a return. Do start-up incubators like YCombinator and 500 Startups provide advice and counselling to founders, especially younger entrepreneurs just out of college?

[1] http://www.huffingtonpost.com/c-cryn-johannsen/student-loan-...

EDIT: Added to clarify

[2] A debt of gratitude, where there is a moral obligation to repay investors for their help and funds.

Well, for marketing purposes, random doesn't sound as impressive as intelligent. It's a discrepancy but it does appear to be disclosed.

On the page you link to, it says: "Incoming web traffic is automatically routed to web dynos, with intelligent distribution of load instantly as you scale."

When you click on "Read more about routing..." it says: "Request distribution - The routing mesh uses a random selection algorithm for HTTP request load balancing across web processes." https://devcenter.heroku.com/articles/http-routing

Given the ambiguity of what the dash was reporting and what Tesla personnel were telling him, it looks like he put his trust in the humans. In that situation, where you've been led to believe the dash behaves like a wonky gauge, it's quite reasonable to not call back.

What did the site look like before? Can't find anything in the Wayback Machine.

You could be describing Dolores Park.

Quora is now 3 years old and has taken $61 million from investors. Are there any numbers publicly available to show user growth over this period?

Another side effect is the lack of Kensington lock slots on the Retina and Airs.

Good spot. Also if you Google you can find the exact same TOS on other sites. It's just generic boiler-plate.

How long will the prices stay low? $5 is low-end, not mid-tier.

"Investors are really looking for a couple of things... At DigitalOcean, we were able to differentiate ourselves by focusing on the mid-tier market, and catering to the needs of individual developers that were being completely ignored by the larger cloud hosting providers." http://www.forbes.com/sites/danreich/2012/09/19/startup-ceo-...

The author does not ask the question which many are asking: Why is it okay to use quantitative easing[1] for the ongoing bail-out of banks, but not for the provision of public services?

[1] What is quantitative easing? http://www.bbc.co.uk/news/business-15198789

"As of September 2012, the Bank of England had committed a total of £375bn to QE, while on 14 September the Fed said it would spend a further $40bn (£25bn) per month. This was on top of the $2.3 Trillion the Fed had already put into QE since 2008... are the UK and US's actions different from 1920s Germany and Zimbabwe?"

I posted this exact same link a few hours ago, and it was accepted as a new submission. So what's going on? Can moderators reassign story submissions?

Anybody have any recent experience with Delphi?

"With Delphi XE3... you write an application once and compile natively for both Windows and Mac – including 64-bit Windows and Windows 8, Mac OS X Mountain Lion and earlier Windows and Mac versions from a single codebase. " http://www.embarcadero.com/products/delphi/mac-osx-developme...

Most of the money is passed between central banks and technically insolvent[1] banks, helping them repair their balance sheet and dispose of toxic assets.

http://dailybail.com/home/chart-of-the-day-feds-balance-shee...

Some of the money seeps into the economy and may be inflating stocks and other assets. For example, banks are given loans at zero interest[2] and they can use that money for whatever, e.g. proprietary trading, bonds/treasuries, etc.

Perhaps some of that money finds its way into investment funds and eventually tech start-ups?

[1] http://www.ritholtz.com/blog/2012/02/fasb-sells-out-unsurpri...

[2] http://www.sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e7... http://www.bloomberg.com/news/2011-12-23/fed-s-once-secret-d...

Money supply has rocketed since 2008: http://research.stlouisfed.org/fred2/series/BASE/

Same game, different names. Here's Jim Cramer in 2000.

"You want winners? You want me to put my Cramer Berkowitz hedge fund hat on and just discuss what my fund is buying today to try to make money tomorrow and the next day and the next? You want my top 10 stocks for who is going to make it in the New World? You know what? I am going to give them to you. Right here. Right now.

OK. Here goes. Write them down -- no handouts here!: 724 Solutions (SVNX), Ariba (ARBA), Digital Island (ISLD), Exodus (EXDS), InfoSpace.com (INSP), Inktomi (INKT), Mercury Interactive (MERQ), Sonera (SNRA), VeriSign (VRSN) and Veritas Software (VRTS)."

http://www.thestreet.com/story/891820/the-winners-of-the-new...

There is an argument that the zero interest rate policy and quantitative easing helps banks who are technically insolvent, at the expense of prudent savers like pensioners.

Yeah, the title is misleading and sounds so boring that a lot of people might not even bother reading any further.

There is nothing clear about this attack at all, thus it's grossly unfair to cast aspersions on any country or select group of individuals unless there is hard evidence.