516 karma · joined May 19, 2008
My biggest roadblock is that I'm broke. I haven't really started on this goal in earnest yet. My intention is to finish my PhD by the end of the year and then freelance for a while to earn enough money for lessons and boat.
http://www.reddit.com/r/datasets http://www.reddit.com/r/opendata
From this outsider's perspective at least they seemed to be in a good position starting out. They had seemingly recruited established journalists and other people from the industry who were able to tell them what they needed.
I don't think it's far fetched to think that a startup like this that marries software and journalism could form the basis of a successful startup. I do think this could be done with mostly if not entirely technical founders. I think others are betting on that too: http://www.medill.northwestern.edu/admissions/page.aspx?id=5...
"I just wish people stop thinking that journalism is a technology problem.It doesn't matter how good your platform is."
Maybe that's true. Maybe the Newslab guys were doomed to fail from the beginning. However, who's to say they shouldn't have tried? There's nothing wrong with trying out an idea no matter how slim its chance of success might seem to be.
Why? I don't see a downside to self-assuredness, even downright arrogance, when it comes to tackling problems. Sure, maybe every problem can't be solved by every person who tries, but why should you or anyone else care if they are willing to give it a shot?
http://www.reddit.com/r/java+haskell+scheme+forth+groovy+com...
This work is important because it is a major step towards producing a working open source real-time GSM cracker.
There could be an interesting way to take the RFS5 idea and combine it with an approach similar to this. Targeting developers in that case would be a smart approach since they're more likely to be early adopters.
The reason for this is that the large companies won't talk to you unless you're trading at those volumes since they charge pretty high transaction fees. The smaller companies that will talk to you all have accounts with the larger companies and make money by increasing the spread between the bid and ask price they receive from the large companies. The expected return on a trade is usually somewhere in the region of 1-10 pips (where a pip is one ten thousandth of a dollar), with 10 pips being a really good return and 3-4 being more realistic. The smaller companies usually increase the spread by up to 3 pips in each direction on the price they get from the larger company which swallows up your return.
While millions of dollars per trade might sound like a lot the leverage in this market is also very high at 50-100 times meaning that with your 10k you could trade 500k-1M though on a sum that low you might get less leverage. However if you lose money on a trade you could eat substantially into your capital. So if your $1M trade goes against you by 10 pips you'd lose 1k.
I'm not ruling out making money on that market, but I'd say it's very unlikely unless you have a lot more money to start with. I am not an expert in this area though. This is just what I learned from the small amount of time I spent working with the company.
If anything the title does a pretty good job of getting people to read it. Even if it does that by annoying a significant part of its target audience ;)
To me it makes more sense, if he can live for 2-3 years off savings in NYC, to live there. Also, he didn't just seek a job in the "dying financial sector" (are we really naive enough to think it's dying?), but rather applied for over 600 jobs in a range of areas including supervising admissions at a college.
Applying for jobs can be soul destroying. A good friend of mine has applied for a lot of jobs in the past 6 months, but when there are only a few in your chosen field with a large number of people applying for them, and applying gets you no replies it can feel like pouring time into a black hole. It's easy to point out what somebody should be doing, but it's several orders of magnitude harder to actually do it yourself.
"When we first started talking about doing this, we didn’t really have an agenda, or any developed sense of why we wanted to do it. It just seemed like an interesting challenge; one that would force us to see things differently."
Perhaps the Social Justice discussed on Wikipedia is different from a social justice class. After all they say they're social justice teachers.
For instance this (http://www.gonzaga.edu/Academics/Diversity/Academics/Social-...) description of a social justice class sounds a lot more about raising awareness of social issues than a "LITERALLY beyond-communist ideology". Another example -> http://www.fatimahs.org/pdf/Teacher%20Syllabi/Sister%20Lisa/... So it would seem unclear what exactly they mean. I'd imagine that term is quite overloaded.
"The reason that $1-per-day eating is tied up with this is that social justice folks want to redistribute ALL resources, across the entire planet."
Perhaps actually reading what they have to say, beyond the line where they mention social justice and the 3 line description of what that means in Wikipedia, before jumping to conclusions, losing your head, and seeing "LITERALLY beyond-communist" bogeymen everywhere would have been a far more constructive use of your time?
Isn't that a consequence of free speech?
However society is not a single entity, but rather a collection of individuals that can be affected by an event in different and often opposing ways. To some it may be beneficial, but to others not so. Sure the group that benefits may be in the majority, but to ignore the minority group and declare that to "society" the outcome was good is to ignore the different views and interests that make up a society.
On a related note the Capitol Hill Baby-sitting Co-op paper is well worth reading. This has been posted before, but in case you missed it: http://ideas.repec.org/p/kud/kuiedp/0335.html