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Comments

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Is Technology Eroding Employment?

alexmin Focus on creating wealth, not jobs (544 comments)

You can not eat "a job", neither can you wear it. Work is a mean to create something of value. The less effort humans expend the richer we all are.
Those people who were replaced by machines are in fact liberated and have opportunity to create even more wealth.

about 2 years ago
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If Tech Is So Important, Why Are IT Wages Flat?

alexmin Re:Capitalism (660 comments)

Yea, there other models like French socialism, etc. That does not work either, does it?

about 2 years ago
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If Tech Is So Important, Why Are IT Wages Flat?

alexmin Re:Capitalism (660 comments)

Take it from someone born and raised under "developed socialism" - it was the same there too. In fact, the best mass occupation in USSR were taxi driver, waiter, butcher - because they dealt with hard cash. Engineers and programmers were making about 150 rubles per month in 1980s. Pair of jeans cost 200 rubles back then.
Whoever has modded your comment "insightful" is a cretin.

about 2 years ago
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Khan Academy: the Future of Taxpayer Reeducation?

alexmin Ah, Pat Quinn... (386 comments)

The one who got fired by late Chicago mayor Harold "Mirth & Girth" Washington for nothing less than "incompetence".
The one who orchestrated increased state dipping into taxpayer pockets by 60% this year and managed to literally blow it all away on kickbacks to his SEIU buddies.
Tell me about what he think is right - it's rock-solid endorsement for exactly opposite course of action.

p.s Google "Mirth & Girth" - prime time entertainment.

about 2 years ago
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Slashdot Asks: SATA DVD Drives That Don't Suck for CD Ripping?

alexmin What is CD? (330 comments)

Never heard of it.

about 2 years ago
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Hounded By Recruiters, Coders Put Themselves Up For Auction

alexmin Re:seriously? not this again (233 comments)

"until they are no longer greens" - at which point they will leave to greener pastures because they are no longer "green" (and rightfully so.) Been there, done that myself, seen it bazillion times. Large corp can have on-site hands-on university, small shop cant afford it.

about 2 years ago
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Hounded By Recruiters, Coders Put Themselves Up For Auction

alexmin Re:seriously? not this again (233 comments)

"you're going to be hiring 5 green programmers for every 2 experienced, and 5 experienced for every expert" - but what to do if you are a small shop and only hire a guy every couple years? For every 10K strong multinational there are 1000s of those small shops.

about 2 years ago
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Amid Fiscal Uncertainty, Venture Capital Is Way Down In Silicon Valley

alexmin Re:Wait until the end of Obama II (421 comments)

As I wrote above: it's not pretty. Especially sucks to be one of those whose lifeline is cut. Falling from the window is not pretty either. Try legislate law of gravity away.

about 2 years ago
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Amid Fiscal Uncertainty, Venture Capital Is Way Down In Silicon Valley

alexmin Re:Wait until the end of Obama II (421 comments)

Looks like you still do not get it. The cuts will not be "for a reason". Simply, there will be no money. I know, it's hard to imagine US government being out of money but this happened to many "great countries" of the past. Just ask Germans, or Russians, or Brits.
I have lived through one of those moments. You apparently did not. There is no "reason", or "cause", or "justice". At that point it's only about "surviving". It's not pretty. Until then enjoy your ivory tower.

about 2 years ago
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Amid Fiscal Uncertainty, Venture Capital Is Way Down In Silicon Valley

alexmin Wait until the end of Obama II (421 comments)

By that time US will accumulate another $4-6T of debt which will put total at about 130% GDP. There is no way to 'grow economy" out of that much debt so market for US goverment securities will cease (both federal and state/municipal.) At that point politicians will have only three options left: 1) _drastically_ cut welfare entitlements; 2) print more money; 3) all of the above. I bet on option 3, which means Inflations (capitalized on purpose.)

At this point hoarding money will become a losing proposition big time.

about 2 years ago
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Cringley: H-1B Visa Abuse Limits Wages and Steals US Jobs

alexmin Cringely is an idiot who cannot do math (795 comments)

Disclosure: Ex-H1B here.
People coming on H1B are in great majority just starting their prime productive years. Each of them represents about $500K in brain and muscles which US people are getting at slightly negative price. Each of them represents about $2M to $5M future lifetime earnings. A lot of them will also bring their inheritance later in life which may be 100s of $K. That's the reason why other countries are crying out loud about "brain drain".
I'm sure, some dumbfsck that thought that his US birth certificate entitles him to $70K/y for life will find what he's worth when hes job is taking by H1B. However, US people at large should be kissing H1B's assess - literally.

about 2 years ago
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Below-Expected Earnings For Google Posted Early, Trading Halted

alexmin This is all HFT fault (275 comments)

What else ?-//

about 2 years ago
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Uber Gives Up On New York Taxi Service

alexmin Re:New York New York (180 comments)

Technically you both are incorrect since there are no exchanges in NYC left. All US stock exchanges have primary locations in New Jersey (NYSE, Arca, NYSE MKT(ex AMEX) in Mahwah, BATS in Wheehawken, DirectEdge in Secaucus, Nasdaq in Carteret.) There are few not worth mentioning in Chicago. Option exchanges also all moved to New Jersey, last being CBOE this month. The only big player outside of NJ is CME in Aurora, IL.
As a side note, NYC and NY state sucks for exchange business because of state tax laws, expensive real estate leases, unionised workforce, and also by virtue of being fsking prime target for assorted nutjobs.

Morale: do not come with your guns blazing if you do not know the facts.

about 2 years ago
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Mysterious Algorithm Was 4% of Trading Activity Last Week

alexmin Re:HFT needs fees (617 comments)

"Make trades non-cancellable". They are not already except in certain clearly defined circumstances i.e "clearly erroneous". Next time, read exchange manuals, schedule of fees, and SEC regs before you post on the topic.

about 2 years ago
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Mysterious Algorithm Was 4% of Trading Activity Last Week

alexmin Nanex pimping their wares (617 comments)

"Marker research" company says public market is a dangerous place. Who would have known?
What is next, Symantec claims that internet is dangerous place?

about 2 years ago

Submissions

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Microsoft Net Jumps 31%, but Windows Sales Decline

alexmin alexmin writes  |  more than 3 years ago

alexmin (938677) writes "Microsoft Corp.'s quarterly profit rose sharply thanks to strong sales of its Office and Xbox products, though the software maker is feeling the effects of weakening demand for traditional personal computers amid increased competition from tablet devices.

Weakness in Windows—one of Microsoft's main profit engines—sparked some concern among investors and analysts. "When that's the cornerstone of the company, that becomes really troubling longer term," said Brendan Barnicle, an analyst at Pacific Crest Securities.

In an interview, Microsoft's chief financial officer, Peter Klein, said the decline was primarily in Microsoft's Windows sales for consumer PCs, mainly the inexpensive notebook computers known as netbooks. He said Microsoft saw a 40% decline in sales of netbooks during the quarter."

Link to Original Source
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London Stock Exchange completes live Linux test

alexmin alexmin writes  |  more than 3 years ago

alexmin (938677) writes "The London Stock Exchange has completed the first dress rehearsal, a test with its customers online, of a new Linux-based system due to replace Microsoft-centric architecture.

The Millennium Exchange system, based around Linux and Sun Solaris Unix, and using Oracle databases, will replace the Microsoft.Net-basedTradElect platform on the main stock exchange on 1 November, and is intended to be one of the fastest exchange systems in the world with trading times of 0.125 milliseconds.

TradElect, the subject of much controversy in recent years, had suffered a series of high-profile outages, the worst being an eight hour downtime in 2008."
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alexmin alexmin writes  |  more than 7 years ago

alexmin (938677) writes "Microsoft announced a deal this month to pre-install software that makes Live.com the default page in computers made by the China-based Lenovo."

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