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ergoproxy

120 karma · joined January 25, 2014

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ergoproxy··on Democrats Introduce Open Internet Preservation Act To Restore Net Neutrality
This bill is DOA, thanks to the Republican controlled House of Representatives. I wonder how much Verizon, Comcast and AT&T spent to get these clowns elected?

Americans should expect to pay a lot more for internet services like Netflix as Verizon, Comcast and AT&T extort as much money as they can from them.

America already has slow, shitty internet. The loss of net neutrality will only compound these problems. I foresee US internet ghettoized in the near future: There will be a Verizon ghetto, a Comcast ghetto, and an AT&T ghetto. Each one with its own set of proprietary services, isolated from the others, a throwback to days of CompuServ and Prodigy in the 80s.

If I were starting another internet company, it would probably be in a place with faster, cheaper internet. Maybe South Korea.

ergoproxy··on Silicon Valley billionaires believe in the free market, as long as they benefit
The author, Dean Baker, has a very narrow view of what libertarianism is and isn't. I'm a left-libertarian. I take a great deal of inspiration from the libertarian activist Karl Hess, who developed the language of the 1% versus the 99% in his 1975 manifesto, Dear America:

"1.6 percent of the adult population owns 82 percent of all stock, and thus actually owns American business and industry. In a very real sense, that tiny 1 percent of the population faces the other 99 percent across a barrier of very real self-interest. That tiny 1 percent has been accumulating more as the years go on, not less. The key to that accumulation is assuring that the people who make up the other 99 percent are sharply restricted in what power and privilege they accumulate."

Again, that was written by an American libertarian.

Libertarianism is a family of philosophical viewpoints, that runs the gamut from the "Libertarian socialism" of Noam Chomsky to the "Geolibertarianism" of Henry George to the craziness of the "Tea Party."

It's noteworthy that Ayn Rand denounced libertarianism. I was excommunicated from the Objectivist club in college for espousing libertarian anarchist views.

It's also noteworthy that Tea Party founder Karl Denninger renounced the Tea Party, saying it was co-opted by the Republican Party, which shifted its focus to "Guns, gays, God." He sums up his feelings toward the Tea Party, saying:

"Tea Party my ass. This was nothing other than The Republican Party stealing the anger of a population that was fed up with The Republican Party's own theft of their tax money at gunpoint to bail out the robbers of Wall Street and fraudulently redirecting it back toward electing the very people who stole all the f---ing money!" Source: http://www.huffingtonpost.com/2010/10/20/karl-denninger-tea-...

Someone who's really interested in the variety of libertarianism ought to start with the Wikipedia article at http://en.wikipedia.org/wiki/Libertarianism

ergoproxy··on Welcome to the United States of paranoia
Another slanted NY Post op-ed: Blame Obama for the NSA's power and the IRS's revenge. Funny how none of the groups "targeted" by the IRS were actually denied C4 status. Funny how President George W. Bush appointed Lois Lerner in 2006 as head of the IRS Exempt Organizations Division. Funny how we only hear about "Tea Party" groups targeted by the IRS, when they also targeted groups that used red-flag words like "Israel," "progressive" and "Occupy." Funny how the NSA spying started right after the Patriot Act was enacted by a Republican Congress and signed into law by Pres. Bush on October 26, 2001. The US certainly has become a fascist police state, and we have Pres. Bush and the Republican Congress to thank for it. And we have the NY Post to thank for keeping its mouth shut about these outrages from 2001 to 2006 when their party was calling all the shots. I'm a Libertarian who complained about Republican excesses constantly, back when they were happening. My complaints fell on deaf ears then. Complaining about this stuff now is too little too late.
ergoproxy··on No, Women Don’t Make Less Money Than Men
Fallacy of negation...

The Daily Beast denies Obama's statement A:"Women make 77 cents for every dollar a man earns" and conclude B:"No, Women Don't Make Less Money Than Men," a non sequitur. Unfortunately, A and B aren't mutually exclusive, so not-A doesn't imply B.

Daily Beast refers to a "correction" printed in the Washington Post which says: "Women earn 91 cents for every dollar men earn--if you control for life choices." Source: http://www.washingtonpost.com/blogs/wonkblog/post/women-earn...

So, Yes, Women Do Make Less Money Than Men (even after controlling for different life-choices). It's just that the wage gap isn't nearly as wide as Obama said. Obama exaggerated the wage gap. But Daily Beast made an invalid argument and reached a false conclusion.

False dilemma seems to be programmed into the US psyche. For instance, they seem to think they need to choose between Democrats and Republicans, and dismiss third parties. This kind of manichean thinking, reinforced by poorly thought out op-ed pieces like this, make civilized conversation and progress in the US difficult.

ergoproxy··on First ever 'magma-enhanced' geothermal system, breaks record for geothermal heat
The GEA is the trade association for the geothermal energy industry. Their website http://www.geo-energy.org/ has a 72-page booklet with a lot of info including details on how a geothermal plant works (pp. 9-16) and a comparison of the capitalized cost of geothermal energy per megawatt hour compared to other energy resources (p. 58). See http://geo-energy.org/reports/Gea-GeothermalBasicsQandA-Sept... [pdf]

I'm a big fan of 2000AD and Judge Dredd comics. Mega-City One is powered by geothermal energy. A description of the "Power Tower" appears in prog #122, "Judge Dredd: Father Earth, Part 1":

"Power Tower is Mega-City One's southern electricity generating complex. It is built around a di-crystal central bore hole that descends one hundred miles into the Earth's crust tapping power from the planet's molten core." Source: http://dreddalert.blogspot.com/2013/12/judge-dredd-father-ea...

So MC-1's fictional bore hole descends about 40 times deeper than the real one in Iceland described in this article.

ergoproxy··on Wealth does not make you smarter
I'm a big fan of Rowan Atkinson's TV series Blackadder. It follows the Blackadder family over many generations. "As the generations progress, each Blackadder becomes increasingly clever and perceptive, while the family's social status steadily erodes." Source: http://en.wikipedia.org/wiki/Blackadder

I used to work on Wall St., and in my experience wealth and intelligence aren't correlated. Luck is more important. Family's socioeconomic status is important. What school one got one's degree from has something to do with it (but not good grades or what one's degree was in). And, unfortunately, being "ethically challenged" was often the key--scammers and fraudsters have a much easier time making the Big Time.

RE: Tom Perkins... In any economic downturn, there will be scapegoats. The poor scapegoat the rich. The rich scapegoat the poor. Social conservatives scapegoat foreigners, non-Christians, women, gays, non-whites...anyone not like themselves. It's not simply that nobody likes to take personal responsibility or that it's easier to blame the other guy...

In the West we associate self-criticism with depression and anxiety, and we seek to suppress it. Source: http://online.wsj.com/news/articles/SB124511712673817527

Worse, self-criticism is associated with Maoist Communism. Source: http://www.usatoday.com/story/news/world/2013/09/28/china-se...

However, there's certainly a tradition of self-criticism in the West, rooted in its canonical texts: "Why do you see the speck that is in your brother’s eye, but do not notice the log that is in your own eye?" http://www.biblegateway.com/passage/?search=Matthew+7:3-5&ve...

My point is that we need to be a little more self-critical and a little less quick to scapegoat others for our problems. A little self-criticism might go a long way to making us both smarter and wealthier!

ergoproxy··on Zynga Lays Off 15% of Its Workforce
Did Zynga lay off 15% of its workforce to recoup the $527M investment it made in NaturalMotion? See https://news.ycombinator.com/item?id=7153395

This article says they'll take a $17M charge this year on the lay off and then save about $33M/year. Discounted at 6% per annum that works out to $533M. See http://www.wolframalpha.com/input/?i=-17+%2B+Sum%5B33%2F1.06...

The other article says Zynga has "about $1.2 billion in cash and marketable securities on hand." But a dailyfinance article suggests companies aren't really as cash rich as they seem; their money is locked up in offshore tax havens; they can't repatriate it without paying tax on it: http://www.dailyfinance.com/2011/07/25/why-are-rich-companie...

ergoproxy··on Zynga Buys NaturalMotion For $527M
Did Zynga lay off 15% of its workforce to recoup the $527M investment in NaturalMotion? See https://news.ycombinator.com/item?id=7153709

That article says they'll take a $17M charge this year on the lay off and then save about $33M/year. Discounted at 6% per annum that works out to $533M. See http://www.wolframalpha.com/input/?i=-17+%2B+Sum%5B33%2F1.06...

This article says Zynga has "about $1.2 billion in cash and marketable securities on hand." But a dailyfinance article suggests companies aren't really as cash rich as they seem; their money is locked up in offshore tax havens; they can't repatriate it without paying tax on it: http://www.dailyfinance.com/2011/07/25/why-are-rich-companie...

ergoproxy··on Statistics on GDP Correlations
GDP and penis size in 76 countries?!
ergoproxy··on Message from Mexico: U.S. Is Polluting Water It May Someday Need to Drink
But we need those uranium mines, so we can maintain our arsenal of five thousand nuclear warheads, so we can destroy the planet four times over. Duh.
ergoproxy··on Tom Perkins (KPCB): Progressive Kristallnacht Coming?
RE: "the demonization of the rich"

What exactly attracts an American billionaire to a haunted house in Scotland? You be the judge. First, some history: "Boleskine House was the estate of Aleister Crowley from 1899 to 1913."[1] "Crowley purchased the home in order to perform the [Abramelin] operation"[2]. In the Abramelin operation, the magician must summon the twelve Kings and Dukes of Hell (Lucifer, Satan, Leviathan, Belial, etc.), and the "magical goals for which the demons can be employed are typical of those found in grimoires:"[3], e.g., money. "The current owner, American venture capitalist Tom Perkins, has owned the building since the mid-eighties and is looking for a tenfold increase on the £800,000 he reportedly put down on the property."[1] "Crowley's summoning of strange entities, mixed with the strange legends and folklore surrounding Fortean occurrences at Loch Ness, have led some, including cryptozoologist Richard Freeman, to ask whether the famous occultist's ritual 'worked in a way that Crowley had not foreseen?'"[4]

[1] http://www.jimmypageguitar.com/News-165-Jimmy+page+house.htm... [2] http://en.wikipedia.org/wiki/Boleskine_House [3] http://en.wikipedia.org/wiki/The_Book_of_Abramelin [4] Did Aleister Crowley Unleash Demons at Loch Ness? at http://www.dailygrail.com/Magick-Circle/2012/8/Did-Aleister-...

ergoproxy··on Capitalism vs. Democracy
This NYTimes article is behind a paywall. When I click on it, I get shaken down for money, with the following message: "Thank you for visiting NYTimes.com We hope you’ve enjoyed your 10 free articles this month." Then it tells me I need to pay between $3.75 and $8.75 per week to continue.

Since I'm in the bottom 20%, I can't afford this stomm! If I want to read this article, educate myself about income inequality, and become a more informed voter, then I need sacrifice something, like food. But if I were in the top 1%, I wouldn't need to think twice about subscribing.

The first sentence of this op-ed is obscured but readable. I can see its about the work of a french academic named Thomas Picketty, whose website is at http://piketty.pse.ens.fr/fr/

The facts published on his site don't seem controversial. His papers seem well researched and reasoned, albeit very narrowly focused, highly repetitious, and not particularly enlightening or useful.

I did not see any kind of "demonization" of the rich in his work. I routinely see Fox news pundits demonize the poor, angry for example that 50 million Americans get $80 billion in Food Stamps per year, while never mentioning that Ben Bernake's QE3 prints $85 billion per month for the rich. Fed money printing seems to be the main cause of income inequality. And anyone who wants to reverse the growing income inequality should make abolishing the Fed their #1 priority.

ergoproxy··on Girls underperform when they play chess against boys
Girls play chess??? News to me. Never saw a girl at chess club in high school or college. Never saw a girl playing chess in the park. Never saw a girl at my local library's weekly chess night either.
ergoproxy··on Kazakh mathematician may have solved $1 million puzzle
There was a brief (1min 30sec), funny interview with Mukhtarbay Otelbayev discussing his achievement on Kazakh TV. He says: "When Westerners think of Kazakhstan, they think of 'Borat'--I want to break that opinion." It was posted to YouTube on 11 Jan 2014, and it's in English. The URL is http://www.youtube.com/watch?v=PnjJYDDYJDg [video]

His proposed solution to the Navier-Stokes problem is free online at http://www.math.kz/images/journal/2013-4/Otelbaev_N-S_21_12_... [pdf]

Otelbayev's proof is a hundred pages. It's in Russian. There is a 1-page English summary at the end. He says his students are working on an English translation, and it will be available soon.

ergoproxy··on Let banks fail: Iceland’s plan looks to be working
The terms crony-capitalism, klepto-capitalism, and casino-capitalism are all very descriptive of the US economic system, which has become like a bad Yakov Smirnoff joke: "In America, bank robs you!"

So what's happened to the $85 billion a month ($1 trillion a year) that Ben Bernake has pumped into the banks in the last year, during the third round of quantitative easing (QE3)? "It all got bottled up in the banks, and essentially none of it ... got lent out." Source: http://www.npr.org/2013/12/17/251796694/year-in-numbers-the-...

ergoproxy··on US makes Bitcoin exchange arrests
The legality of crypto-currencies in the US ultimately hinges on whether Wall St. execs can make money off them. If they could "frontrun" bitcoin trades, "naked short sell" into bitcoin exchanges, and execute "wash trades" to fix the price of bitcoins, then not only would bitcoin be declared legal, but we would see the US government using it and have it forced down the throats of middle-class pension funds.

But Wall St. can't control bitcoin. So JP Morgan CEO Jamie Dimon denounced it as "terrible" and predicted its downfall. Source: http://rt.com/usa/chase-ceo-bitcoin-terrible-downfall-100/

Then JP Morgan filed patents on its own crypto-currency, one that it can rig with frontrunning, naked short selling, and wash trades. Source: http://www.ft.com/cms/s/0/e230307a-61c4-11e3-aa02-00144feabd...

As for bitcoin, I predict we'll increasingly see it in the news headlines linked to: (1) illegal drugs, (2) child porn, and (3) terrorism. These are the exact same smear tactics we've seen before used against P2P filesharing.

And we'll see lots more bitcoin arrests like these.

ergoproxy··on Why are US corporate profits so high? Because wages are so low
> Just because a market is not perfect, doesn't mean it provides no benefit.

Imperfect markets that permit slave labor provide a clear benefit to the slave holders. No real benefits for the slaves--they're worse off.

1st & 2nd theorems of welfare economics say markets in equilibrium are Pareto optimal: In every transaction, at least one party does better, but nobody does worse. Since slaves are clearly worse off, we know there's no general equilibrium in such an imperfect market.

ergoproxy··on Why are US corporate profits so high? Because wages are so low
"deserve": Are you arguing economics or social justice?

I'd like to see everyone's standard of living go up. But when equilibrium doesn't exist because of cheating, Pareto optimality no longer obtains, and some people profit at the direct expense of others. Slavery is a prime example. It shouldn't exist at all.

I'd recommend anyone reading this thread take a look at "Apple (and America’s) Chinese Slave Labor Problem" by Karl Denninger at http://www.financialsense.com/contributors/karl-denninger/20...

ergoproxy··on Why are US corporate profits so high? Because wages are so low
Arrow-Debreu (1954) showed that under conditions of perfect competition, a general equilibrium must exist. But no comparable existence theorem can be found in the various models with imperfect competition. For example, if you remove the condition "no economies of scale," you exclude convex feasible production sets, and you don't get guaranteed existence. Models of imperfect competition need to add other less plausible assumptions to get back existence of equilibrium. (This won't bother Austrian economists or post-Keynesians, because they reject General Equilibrium Theory as misleading and useless anyway. However, these schools of economics don't frame their ideas in mathematics such that it is possible to prove theorems about the existence, uniqueness, and stability of equilibrium.)
ergoproxy··on How some thieves broke into my car and why you're vulnerable too
My car was parked at the grocery store during an electrical storm. Lighting hit nearby and my "keyless entry system" unlocked the doors. After that my key fob no longer opened the doors. In the next few weeks I noticed more odd behavior: My dad's key fob opened my doors, my sister's key fob opened my doors, and a couple of random stranger's key fobs opened my doors. I've had the dealership reset my security system three times now at $40 a pop, and it still don't work right. Great technology! I long for the days before keyless entry technology, when you had to use a key to open the doors.
ergoproxy··on If You Used TorMail, the FBI Has Your Inbox
The key sentence from this article: "the FBI is adapting to the age of big-data with an NSA-style collect-everything approach."

NZ PM John Key famously said: "If you don't want to be spied on, hide under a blanket." http://www.thecivilian.co.nz/if-you-dont-want-to-be-spied-on...

Actually, hiding under a blanket won't help. I don't think Americans get it yet, so let me shout it: YOUR GOV'T IS SPYING ON EVERYTHING YOU DO!

They don't wait for you to commit a crime and then get a warrant: They collect everything!

And not only the US government, but governments all around the world. In fact, the British government spied on users of Angry Birds, along with the NSA. Source: http://www.nytimes.com/2014/01/28/world/spy-agencies-scour-p...

And this is nothing new: "In 1862, Lincoln authorized sweeping control over the American telegraph infrastructure for Edwin Stanton, his secretary of war. Telegraphs were re-routed through his office, and Stanton used his power to spy on Americans, arrest journalists, and even control what was or wasn't sent." Source: http://www.theverge.com/2013/7/6/4499636/how-lincoln-used-te...

There you have it: The US government has been using NSA-style electronic surveillance to spy on its citizens since at least 1862. So do you really think anything's going to change now all of a sudden?

ergoproxy··on Why are US corporate profits so high? Because wages are so low
So its OK if Chinese workers are cheated, as long as you get a bargain?

The ultimate impact of foreign slave labor on US free labor boils down to this: Is free labor superiority per hour more than counterbalanced by labor that can be flogged, worked to death, and quickly replaced? Is there slave labor with which no free labor can compete? If your answer is no, then go on buying cheap goods produced by slave labor, because it will have no consequences for the US standard of living. But if the real answer is yes, then buying slave-made goods paves the road to slavery for America.

ergoproxy··on Why are US corporate profits so high? Because wages are so low
For there to be equilibrium between supply and demand, several conditions must be met: perfect competition; perfect information; no economies of scale; no barriers to entry; no negative externalities; and no cheating.

Things like slave labor, prison labor and child labor are cheating. There's a lot of evidence China cheats the free market in these ways, and that's why I singled them out.

For example, "Apple has cut ties with one Chinese supplier that was found to have 74 workers under the age of 16." Source: globalpost.com (January 26, 2013) http://www.globalpost.com/dispatch/news/business/technology/...

Foxconn's factories in China installed suicide nets to catch workers jumping off the roof, which sure makes them look like forced labor camps. Picture here: http://news.cnet.com/2300-13579_3-10013733-14.html

ergoproxy··on A Roman Glass Gaming Die
I recognize the symbol ☉ for gold (or sun) on one of the 20 faces, namely a circle with a dot in the middle (encoded in unicode as 2609 or in html as 9737).

Does anybody know what symbols appear on the other 19 faces of this die?

Also, has anybody run a Chi-Square test for determining the fairness of this die??? I wouldn't pay $17,925 for a loaded die.

ergoproxy··on Happy 40th birthday, Dungeons & Dragons
You could also try a play-by-post game at the Original D&D Discussion forum http://odd74.proboards.com/
ergoproxy··on Happy 40th birthday, Dungeons & Dragons
> Where can I find a community that offers games with that rule set?

Dragonsfoot bills itself as "the home of 1st Edition AD&D" on the web. They have many resources for AD&D, including character sheets, adventure modules, an e-zine called Footprints, and a very active discussion forum. Their URL is http://www.dragonsfoot.org/

You can purchase PDFs of 1st edition AD&D materials at http://www.dndclassics.com/

OSRIC is a simulacrum (retro-clone) of the 1st edition AD&D rules. Get it free at http://www.knights-n-knaves.com/osric/

ergoproxy··on Why are US corporate profits so high? Because wages are so low
Quite simply, "productivity" is the sum of all real goods and services produced in the economy, while "wages" are simply the share of that produce brought home by the workers who produce it. The difference is profit. If productivity increases (as it has since the 1950s) and wages flatline (as they have since the 1970s), then the result must be rising profits. You can see this graphed in the brief "The wedges between productivity and median compensation growth" at http://www.epi.org/publication/ib330-productivity-vs-compens...

The question left unanswered in this article is why are wages in the US falling relative to productivity?

Since wages are the "price" of labor, and prices are set by supply-and-demand, falling wages imply either (1) an increasing labor supply or (2) a shrinking demand for labor (or both). So here are some specific reasons for stagnating US wages:

INCREASING LABOR SUPPLY - Slave labor, prison labor and child labor in countries like China. - Immigration from Latin America after NAFTA. - Liberated women entering the paid US labor force starting in the 70s.

DECREASING DEMAND FOR LABOR - New labor-saving technology, computers and robots that work faster, better and cheaper than humans. - Financialization: Investors can make more money from asset bubbles in housing, bonds, and dollars than they can from labor. -- ZIRP: With real interest rates heading to zero (or less), why should I continue to pay high interest on the money I borrowed a decade ago to build this US factory? Liquidate the factory, fire the workers, and relocate somewhere cheaper; or better: simply use the money to buy bonds and bet on falling interest rates. -- High housing prices: An employer needs to pay his workers subsistence wages, which means enough to buy a place to live, but with housing prices so high, this is impossible. Better to bet on the housing bubble than buy labor.

ergoproxy··on Happy 40th birthday, Dungeons & Dragons
Anyone who wants to learn more about OD&D ought to visit the Original D&D Discussion at http://odd74.proboards.com/

Michael Mornard, who was a regular player in Gary Gygax and Dave Arneson's OD&D campaigns is a regular contributor. He posts under the handle "gronanofsimmerya."

Jon Peterson who wrote THE book on the history of D&D also posts there using the handle "increment." Also check out the blog he setup for his book, Playing At The World, at http://playingattheworld.blogspot.com/

ergoproxy··on Davos billionaires: Oblivious to the coming revolution
"Le secret des grandes fortunes sans cause apparente est un crime oublié, parce qu'il a été proprement fait." Quoted from Le Père Goriot (1835) by Honoré de Balzac
ergoproxy··on HSBC bank won't let customers withdraw cash unless they prove why they need it
"By law, when you put your money into a deposit account, your money becomes the property of the bank. You become an unsecured creditor with a claim against the bank." Source: Depositors Beware: Theft is Legal for Big Banks, and Your Money Will Never Be Safe (May 01, 2013) http://www.globalresearch.ca/depositors-beware-theft-is-lega...

HSBC is a criminal bank. Here are a few more reasons why:

1. They were caught "transferring funds on the behalf of financiers for the militant group Hezbollah." Source: HSBC Gets Small Fine For Terrorist Transactions (12/18/2013) http://www.huffingtonpost.com/2013/12/18/hsbc-terrorists_n_4...

2. HSBC laundered $881 million for Mexican and Colombian drug cartels. Source: HSBC Became Bank to Drug Cartels, Pays Big for Lapses (Tuesday, 11 Dec 2012) http://www.cnbc.com/id/100303180

3. "HSBC profited nicely from the bailout of AIG." Source: HSBC received $3.5 Billion of AIG bailout money (1 October, 2009) http://hsbcwatch.com/hsbcnews/news/hsbc-received-35-billion-...

4. This analysis suggests HSBC is 64% likely to go bankrupt in the next two years: http://www.macroaxis.com/invest/ratio/0005.HK--Probability-O...

In the 90s, I was a VP for a Wall St. Mortgage Bank. The culture there is very corrupt. IMHO, you'd be better off keeping your money hidden in your mattress, using it to buy physical gold, or converting it bitcoins than keeping it in a big bank.

I predict that the next time the financial system collapses, the banks will be "bailed in." In other words, governments are already too deeply in debt to afford to bail out the banks again. Instead, the banks will simply seize their depositors' money, perhaps issuing them stock in the bank in exchange. This is what already happened in Cyprus. And HSBC may very well be testing the waters to see how feasible it is to confiscate their depositors' cash in the UK and US, given how close they are to bankruptcy.

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