[ucodegen]

I suspect the ‘support’ we are seeing is the closing of short positions. The ‘Wall Streeters’ like their summer breaks (not all take them though) and most of them don’t like open positions when they are on a break (particularly margined and short positions). I suspect that after June, we may get volatile because many of the ‘players’ will have left for the summer, so overall volume will be weak and it will be easy for the remaining players to move the market.

That said, it may also depend upon how well the ‘Wall Street’ players did during the year.. on whether many do take the summer break…. in the Hamptons…

[ucodegen]

I suspect the ‘support’ we are seeing is the closing of short positions. The ‘Wall Streeters’ like their summer breaks (not all take them though) and most of them don’t like open positions when they are on a break (particularly margined and short positions). I suspect that after June, we may get volatile because many of the ‘players’ will have left for the summer, so overall volume will be weak and it will be easy for the remaining players to move the market.

That said, it may also depend upon how well the ‘Wall Street’ players did during the year.. on whether many do take the summer break…. in the Hamptons…

[ucodegen]

I suspect the ‘support’ we are seeing is the closing of short positions. The ‘Wall Streeters’ like their summer breaks (not all take them though) and most of them don’t like open positions when they are on a break (particularly margined and short positions). I suspect that after June, we may get volatile because many of the ‘players’ will have left for the summer, so overall volume will be weak and it will be easy for the remaining players to move the market.

That said, it may also depend upon how well the ‘Wall Street’ players did during the year.. on whether many do take the summer break…. in the Hamptons…

[ucodegen]

My phone goes out ALL the time. My internet goes out frequently. I go through periods where I have to unplug my modem and reboot all the time.

I think that the problem is the combo phone/internet modem. I had a Time Warner internet only modem and had no problems.. even at saturation on the net. The combo phone/internet modem locks quite a bit on the other hand.

[ucodegen]

My phone goes out ALL the time. My internet goes out frequently. I go through periods where I have to unplug my modem and reboot all the time.

I think that the problem is the combo phone/internet modem. I had a Time Warner internet only modem and had no problems.. even at saturation on the net. The combo phone/internet modem locks quite a bit on the other hand.

[ucodegen]

My phone goes out ALL the time. My internet goes out frequently. I go through periods where I have to unplug my modem and reboot all the time.

I think that the problem is the combo phone/internet modem. I had a Time Warner internet only modem and had no problems.. even at saturation on the net. The combo phone/internet modem locks quite a bit on the other hand.

[ucodegen]

My phone goes out ALL the time. My internet goes out frequently. I go through periods where I have to unplug my modem and reboot all the time.

I think that the problem is the combo phone/internet modem. I had a Time Warner internet only modem and had no problems.. even at saturation on the net. The combo phone/internet modem locks quite a bit on the other hand.

[ucodegen]

My phone goes out ALL the time. My internet goes out frequently. I go through periods where I have to unplug my modem and reboot all the time.

I think that the problem is the combo phone/internet modem. I had a Time Warner internet only modem and had no problems.. even at saturation on the net. The combo phone/internet modem locks quite a bit on the other hand.

[ucodegen]

I think the warranty issue has more than just the simple ‘insurance’ company approach..

1) How do you produce a warranty for open source software? Who is going to stand behind it when nothing is charged for it?

2) Does anyone who is pushing this realize that the cost to produce software that complies with the warranty requirements would be like producing FAA certified software and with the associated costs and prices?

3) How are you going to insure against the warranty? Do you also insure for potential losses? What if the software does stress analysis for airplane wings? Stress analysis for skyscrapers?

I could see a requirement for software to have fixes for bugs over a period of ‘x’ years.. with other constraints (ie timeliness of fix, not reducing functionality as a result of fix etc).. but in many ways, better competition.

The only people I can see winning in this, are lawyers in the lawsuits that would appear.. oh yeah.. this was authored by the American Law Institute.. figures.

[ucodegen]

I think the warranty issue has more than just the simple ‘insurance’ company approach..

1) How do you produce a warranty for open source software? Who is going to stand behind it when nothing is charged for it?

2) Does anyone who is pushing this realize that the cost to produce software that complies with the warranty requirements would be like producing FAA certified software and with the associated costs and prices?

3) How are you going to insure against the warranty? Do you also insure for potential losses? What if the software does stress analysis for airplane wings? Stress analysis for skyscrapers?

I could see a requirement for software to have fixes for bugs over a period of ‘x’ years.. with other constraints (ie timeliness of fix, not reducing functionality as a result of fix etc).. but in many ways, better competition.

The only people I can see winning in this, are lawyers in the lawsuits that would appear.. oh yeah.. this was authored by the American Law Institute.. figures.

[ucodegen]

I think the warranty issue has more than just the simple ‘insurance’ company approach..

1) How do you produce a warranty for open source software? Who is going to stand behind it when nothing is charged for it?

2) Does anyone who is pushing this realize that the cost to produce software that complies with the warranty requirements would be like producing FAA certified software and with the associated costs and prices?

3) How are you going to insure against the warranty? Do you also insure for potential losses? What if the software does stress analysis for airplane wings? Stress analysis for skyscrapers?

I could see a requirement for software to have fixes for bugs over a period of ‘x’ years.. with other constraints (ie timeliness of fix, not reducing functionality as a result of fix etc).. but in many ways, better competition.

The only people I can see winning in this, are lawyers in the lawsuits that would appear.. oh yeah.. this was authored by the American Law Institute.. figures.

[ucodegen]

I think the warranty issue has more than just the simple ‘insurance’ company approach..

1) How do you produce a warranty for open source software? Who is going to stand behind it when nothing is charged for it?

2) Does anyone who is pushing this realize that the cost to produce software that complies with the warranty requirements would be like producing FAA certified software and with the associated costs and prices?

3) How are you going to insure against the warranty? Do you also insure for potential losses? What if the software does stress analysis for airplane wings? Stress analysis for skyscrapers?

I could see a requirement for software to have fixes for bugs over a period of ‘x’ years.. with other constraints (ie timeliness of fix, not reducing functionality as a result of fix etc).. but in many ways, better competition.

The only people I can see winning in this, are lawyers in the lawsuits that would appear.. oh yeah.. this was authored by the American Law Institute.. figures.

[ucodegen]

I think the warranty issue has more than just the simple ‘insurance’ company approach..

1) How do you produce a warranty for open source software? Who is going to stand behind it when nothing is charged for it?

2) Does anyone who is pushing this realize that the cost to produce software that complies with the warranty requirements would be like producing FAA certified software and with the associated costs and prices?

3) How are you going to insure against the warranty? Do you also insure for potential losses? What if the software does stress analysis for airplane wings? Stress analysis for skyscrapers?

I could see a requirement for software to have fixes for bugs over a period of ‘x’ years.. with other constraints (ie timeliness of fix, not reducing functionality as a result of fix etc).. but in many ways, better competition.

The only people I can see winning in this, are lawyers in the lawsuits that would appear.. oh yeah.. this was authored by the American Law Institute.. figures.

[ucodegen]

I track my finances through online banking just about every night. And sometimes I am surprised when I see a lower balance than expected – then I talk to my wife and find out that she had to use the debit card on XYZ expense.

I still think it is a bit made up.
1) He is writes for finance publications.
2) The overdraft was repetitive… not just once.

I bet that if you get hit with an overdraft.. you will make changes to make sure it doesn’t repeat. It almost looks like he didn’t look at the balance for a while and then whoops!!

Management and union salaries are too high. And who let all of this happen? The board of directors. And who votes for the board of directors? The shareholders. Ultimately, the auto companies are a great example of shareholders allowing the board, management and employees to unwittingly work together in destroying their enterprise.

Yes and no.. remember that shareholder votes are not binding – a dirty ugly secret that is not openly discussed. Effectively, the owners of the company, the common shareholders, can’t make binding decisions on the directors/CEO.

Average “lazy” worker productivity has constantly increased over the years

In part due to increased capital expenditures for equipment (better, newer mills, presses etc). Someone bought the equipment.. and expects a return on their investment.
NOTE: I am not disagreeing with the point that CEO pay is ridiculous. CEOs also don’t have any real investment in what they run. To get the pay they do, it should be based upon returns from stock they purchased in the company they are running. This way the pay is tied to the health of the company. NOTE: You would also need a mandatory hold period on this stock to prevent shifting income forward-backwards per quarter or year.

[ucodegen]

I track my finances through online banking just about every night. And sometimes I am surprised when I see a lower balance than expected – then I talk to my wife and find out that she had to use the debit card on XYZ expense.

I still think it is a bit made up.
1) He is writes for finance publications.
2) The overdraft was repetitive… not just once.

I bet that if you get hit with an overdraft.. you will make changes to make sure it doesn’t repeat. It almost looks like he didn’t look at the balance for a while and then whoops!!

Management and union salaries are too high. And who let all of this happen? The board of directors. And who votes for the board of directors? The shareholders. Ultimately, the auto companies are a great example of shareholders allowing the board, management and employees to unwittingly work together in destroying their enterprise.

Yes and no.. remember that shareholder votes are not binding – a dirty ugly secret that is not openly discussed. Effectively, the owners of the company, the common shareholders, can’t make binding decisions on the directors/CEO.

Average “lazy” worker productivity has constantly increased over the years

In part due to increased capital expenditures for equipment (better, newer mills, presses etc). Someone bought the equipment.. and expects a return on their investment.
NOTE: I am not disagreeing with the point that CEO pay is ridiculous. CEOs also don’t have any real investment in what they run. To get the pay they do, it should be based upon returns from stock they purchased in the company they are running. This way the pay is tied to the health of the company. NOTE: You would also need a mandatory hold period on this stock to prevent shifting income forward-backwards per quarter or year.

[Author]

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