I think this might be a bad thing for two reasons: (1) These megacorps are less likely to fail, but when they do, they can cause a crisis (Fannie, Freddie, AIG) (2) Do you actually believe the customer is better served if competition is reduced?
- Sanjeev Singh
Didn't some of the other European countries (Sweden? I forget...) end up buying their banks in a recent crisis and things turned out OK?
- Patrick Lightbody
Regardless, seems like either path (pseudo-nationalizing like we just did vs. letting them fail) leads to the same thing: fewer top-level ownership of banks. The only difference is who the owner is: Joe Taxpayer or BofA
- Patrick Lightbody
Please explain how having fewer, larger central banks is good. =)
- Jim Norris
Yes, rescuing banks (UK, USA) allows more of them to avoid acquisition by other banks. In the case of the UK, the prime minister is chairman of the board of a few of them and can set executive compensation. However, he's beholden to the electorate, so you can argue he'll make more globally optimal decisions. In the US, the fed forfeited their voting rights (I think) so there was no increase in concentration of control. It's probably too early to say "things turned out ok", though.
- Private Sanjeev
I like Buffett's plan the best. Spend the least amount of government money to kickstart private investment in undervalued banks, thereby keeping them afloat and independent. The Austrians would discourage any intervention at all.
- Private Sanjeev
I think Austrianists would argue that this crisis was caused by bad monetary policy on the part of central bankers and government over-regulation that prevented smaller private banks from being able to compete with larger ones.
- Jim Norris
I agree with the Austrian interpretation of the cause, but not their fix!
- Private Sanjeev
If insolvent banks weren't allowed to go bust when they are "too big to fail", that introduces a moral hazard (large banks can get away with taking larger risks since losses are socialized) and a big competitive advantage (smaller institutions like Countrywide and WaMu don't get the government guarantees that big ones like GS and JPMorgan Chase do).
- Jim Norris
It's an arguable point, but what if the cost of letting the big guys fail is anarchy?
- Private Sanjeev
I think the problem is that we shouldn't allow too many entities to get "too big to fail" in the first place. It also seems, with derivatives, that even fairly small entities can now become too big to fail (LTCM). Would the Austrianists have intervened to prevent or regulate derivatives?
- Private Sanjeev
Fed's assets, including loan to AIG and misc bear sterns investments more than doubled to $1.77 trillion last week from a year-earlier total of $873 billion that consisted mostly of treasuries. Fed balance sheet is above 10% of gdp and climbing.....
- david A
Isn't that was facebook is for? I use facebook for real life relationships, and friendfeed for good spirited conversations on the interwebs.
- Chris Hollander
Chris W, yes I'm going to kick off subscribers temporarily.
- Sanjeev Singh
Chris H, Facebook is more about socialization and social communication (how are you doing? what are you up to?). I just want to find and discuss cool stuff with my friends :)
- Sanjeev Singh
How will you let us know when you are back? I'll miss your stuff!
- Clare Dibble
Actually I think I'll just create a "private sanjeev" account.
- Sanjeev Singh
"When I got a hold of the contractor report and reviewed it very carefully, not only was it reporting cancers in the animals, [it was reporting] osteosarcomas which bothered me a lot because I've been trying to produce osteosarcomas in animals for almost 20 years and the only luck I ever had was with an experiment in dogs and monkeys, and the osteosarcomas took nearly the lifetime of the animals, and we were using radium which specifically produces that in bones. And here we have a compound commonly available - fluoride - that did it in rats in two years or less."
- Sanjeev Singh
from Bookmarklet
"Due to his criticisms of the tumor downgradings, Dr. Marcus was fired by the EPA. The US Secretary of Labor, Robert Reich, later ruled that EPA fired Marcus out of "retaliation" for Marcus' stance on fluoride, and ordered EPA to reinstate Marcus with full back pay and compensation."
- Sanjeev Singh
Silicoflourides are commonly used to flouridate municipal drinking water. Unfortunately they are associated with higher levels of substance abuse, crime and learning abilities, possibly as a result of increased lead absorption in the body :(.
- Sanjeev Singh
from Bookmarklet
Luckily my municipal water company does not flouridate my water. Unfortunately, the ground water source they use already has flouride in it, of unknown form.
- Sanjeev Singh
Flouridation started for San Francisco in 2005! I wonder if I should be worried. Thanks for this, Sanjeev.
- Mona Nomura
Mona, if you're worried about flouride, some water filters can get it out of your water. Brita doesn't, but some others might.
- Sanjeev Singh
In an anthrax attack, the government could force vaccinations / treatment on the population and can't be sued. - http://edocket.access.gpo.gov/2008...
Neither can the private suppliers of anthrax medication / countermeasures. This just passed on Oct 1, 2008. I wonder if the government knows something we don't.
- Sanjeev Singh
from Bookmarklet
"This proposal would exempt from the excise tax any shaft consisting of all natural wood with no laminations or artificial means to enhance the spine of the shaft used in the manufacture of an arrow that measures 5/16 of an inch or less and is unsuited for use with a bow with a peak draw weight of 30 pounds or more"
- Sanjeev Singh
from Bookmarklet
The estimated cost of the proposal is $6 million over 10 years. Oregon Sens. Ron Wyden, a Democrat, and Gordon Smith, a Republican, were the initial sponsors of the arrow provision. According to Bloomberg News, the earmark provision would be worth $200,000 a year to Rose City Archery in Myrtle Point, Oregon.
- Sanjeev Singh
I can't believe they are adding stuff like this to the bailout package. Politics as usual.
- Sanjeev Singh
Ugh. This is just ... miserable. Any earmarks in this bill and it should fail.
- AJ Kohn
Transportation fringe benefit to bicycle commuters: The measure would allow employers to provide benefits to employees who commute to work via bicycle, such as help purchasing and maintaining a bicycle. The measure would cost taxpayers $10 million.
- Tudor Bosman
Why Why WHY??? They're making me nauseated with all the special interest crap!
- Lindsay
business as usual. to find the best pork, look at bills that can't possibly fail. ones like adding another memorial to the mall.
- Gregor J. Rothfuss
FriendFeeders - what am I supposed to do here? I don't like this pork at all. But, I am glad someone posted it here and I want others to see it. I still get uncomfortable with "like" being the operator.
- Christopher Sacca
Christopher, your comment should be enough for this to show up under FoaF for your followers.
- FFing Enigma
Chris, under "more", choose reshare. We group items together now so you won't pollute the feeds of people subscribed to both of us.
- Sanjeev Singh
@Tina I guess what I am saying is that having two very different operations to promote content seems like unnecessary work for the user. If something is positive and worth seeing, I can "like" it. If something is negative but still worth seeing I should leave a comment.
- Christopher Sacca
Tina, Chris: commenting/liking can be a little more hit and miss (e.g. if I had a private feed, someone subscribed to Chris but not me won't see it, etc.). Reshare guarantees the share, indepedent of your feelings about the item :)
- Sanjeev Singh
@sanjeev I know what you are saying, but I am talking about the passive way in which things get promoted back to the top of the feed, as well as shared to FoaF. Instead of me actively dumping it into my feed, I like to signal it's importance in the existing feed by endorsing it with a "like." That makes it more likely others will see the item. But, often, I see people explicitly avoiding the "like" in order to leave a comment. However, in those threads, the comments often have much less substance.
- Christopher Sacca
I guess I just see users being torn among the multiple interpretations of "like." Is it to indicate mood/reaction to the content? Or is it to indicate approval/value of the item being submitted? That is the quandary.
- Christopher Sacca
Chris, I didn't realize people are commenting specifically to pop/foaf items! (Well, the ones they don't like, anyway).
- Sanjeev Singh
@Tudor: Not sure what you were implying by excerpting the Cycling incentive, but to me, that's not pork...that's just smart public policy. The $10 million "cost" would be well worth it, if it results in a significant increase in bicycle commuting, what with the associated reduction in pollution, traffic congestion, and dependency on oil. And that's before considering benefits to public health and decreased health care expenditures.
- Chester
@Chester: it's good stuff, but unrelated to the 700G$ economic bailout.
- Tudor Bosman
@sanjeev Yeah. Definitely folks are doing that. In fact, some explicitly type "Don't like" even though they are endorsing the value of the shared piece, just reacting to the ugliness of the story on the other end of the link.
- Christopher Sacca
@Tudor: unrelated, yes, but I just don't think it ought to be listed along with, say, youth archery supplies, as an example of porcine incentives.
- Chester
Count me among the "Likes" who don't like. Man, has our government always been this dysfunctional, or is it getting worse?
- Keith Pelczarski
"Join us for our very first Member Spotlight where featured member Dr. Michael Pinneo will share his method for creating real diamonds with a DIY diamond deposition machine. Yes, we're serious!"
- Sanjeev Singh
from Bookmarklet
hopefully they will post a video of the event or a webpage about their technique
- bob
(1) It might be easy to check the productivity on Ford conveyor. How could you possibly set an experiment in software engineering? 2 teams working on the same product, using different work weeks? I don't believe it was ever done. (2) They assume linear scale. Good = time x productivity. Again, it works for Ford, but not for real world software development. You need to deliver more at certain times. Hence variable work week should be more efficient than const 40-hour
- Igor Krivokon
(3) I don't know of any worthy software project that was delivered by 9-to-5 workers
- Igor Krivokon
Igor, I agree with (2). Sometimes a subteam is on the critical path and needs to go into crunch to deliver something that unblocks other teams. regarding (3), Ruby on Rails seems super popular, though I've never used it, and 37signals claim to abide by many of the ideas in this presentation. I also don't believe NASA's software team, widely regarded as pretty good, works at a 60-hour pace.
- Sanjeev Singh
There is a lot of good software that is delivered at crunch mode rates, but that may have more to do with the quality of the people than anything else. A 10:1 productivity difference easily swamps a 30% hit, especially when you take into account the smaller teams better people allow you to have.
- Sanjeev Singh
"Although the principles of aperture synthesis have been known for many years, and are used regularly in radio astronomy, astronomers had thought that building an optical telescope using this principle was just too difficult. Light waves are about a million times shorter than radio waves, so the precision required in building such a telescope is a million times more challenging than for radio synthesis instruments."
- Sanjeev Singh
from Bookmarklet
"Many networks of interest in the sciences, including social networks, computer networks, and metabolic and regulatory networks, are found to divide naturally into communities or modules. The problem of detecting and characterizing this community structure is one of the outstanding issues in the study of networked systems. One highly effective approach is the optimization of the quality function known as “modularity” over the possible divisions of a network. Here I show that the modularity can be expressed in terms of the eigenvectors of a characteristic matrix for the network, which I call the modularity matrix, and that this expression leads to a spectral algorithm for community detection that returns results of demonstrably higher quality than competing methods in shorter running times. I illustrate the method with applications to several published network data sets."
- Sanjeev Singh
from Bookmarklet
I generally see items like this in my FF from fellow life scientists, so I was pleasantly surprised to see this from you, Sanjeev. Thanks, and keep it up!
- Ruchira S. Datta
Thanks! I'm wondering where to find a copy of this paper that isn't behind a paywall, though.
- Sanjeev Singh
A wonderfully evocative sentence: "As Putin rears his head and comes into the air space of the United States of America, where do they go?"
- Sanjeev Singh
from Bookmarklet
Sanjeev - yeah, that was my favorite line too ... awful!
- Susan Beebe
"The above images show a direct comparison between the Lucky image (left) and the Hubble image from the ACS (right). The Hubble picture goes fainter because the exposure is longer and the wavelength shorter (where CCDs have a much higher sensitivity). The ACS image has been "drizzled" to improve its appearance. The Lucky image is as taken. The markedly better resolution of the Lucky image is clear. This is exactly what is predicted purely because the Palomar 5.1 m telescope is twice the size of the 2.5m Hubble."
- Sanjeev Singh
from Bookmarklet
Benjamin Fulford was a journalist for Forbes Asia for several years, covering finance and corruption, afaict. He now lives under the protection of the Red and Blue Asian secret society, and has a ton of interesting stories to tell. This interview is UFO-free.
- Sanjeev Singh
Tales. Not stories. His having been bureau chief for Forbes does not mean he could not have lost it and gone off the deep end.
- Thaths
Is there a difference between a tale and a story?
- Sanjeev Singh
From Wikipedia's page on Benjamin Bulford: "A Chinese secret society with a membership of 6 million, including 1.8 million gangsters and 100,000 professional assassins has issued an ultimatum to the Illuminati, warning them that if they persist with their plan to depopulate the earth, they will be stopped. The society has created an alliance joining Russia, China, India, South America, ASEAN, the free Muslim nations and Africa that is united in stopping the illuminati."
- Tudor Bosman
(apparently, the above quote is from this interview). This man makes the plot of Deus Ex seem believable. But, I love a good story; is there a transcript (or a summary) available anywhere? I don't want to sit through 3 hours of watching this.
- Tudor Bosman
No transcript that I know of. It was pretty interesting to watch, if you like good stories.
- Sanjeev Singh
Everyone talks about bringing change to Washington, but it turns out D.C has the highest "openness to new ideas" score in the entire country. What gives? [my personal theory is that the problem isn't the people, but the power structures and procedures of gov't]
- Sanjeev Singh
from Bookmarklet
"A century ago, Lim writes, presidential speeches were pitched at a college reading level; today, they’re down to eighth grade, and if the trend continues, next century’s State of the Union addresses will be conducted at the level of “a comic strip or a fifth-grade textbook.” (“Iran’s crawling with bad guys: BAP!”) Since 1913, the length of the average presidential sentence has fallen from 35 words to 22. Between Nixon and the second Bush, the average presidential sound bite shrank from 42 seconds to 7. Today’s State of the Unions inspire roughly 30 seconds of applause for every 60 seconds of speech"
- Sanjeev Singh
from Bookmarklet
I haven't seen the research, but it sounds like the decline was well underway before the advent of tv.
- Sanjeev Singh
I was listening to King's "I have a dream" speech over the weekend and was amazed by the verbosity of it. People these days will tune of those delicately worded, but complex sentences. I wonder if part of the reason for the dumbening (heh!) is that speeches these days are aimed at wider audiences.
- Thaths
"When you've just been decelerating at 200 g's for 1.5 msec, you've excited every vibration mode that the actuator knows about. The whole thing wants to ring like a bell. And despite the attempts of us mechanical men to make everything stiff, it's in the nature of metals to ring!"
- Sanjeev Singh
from Bookmarklet
A very interesting article on hard disk design that I will read fully some day. :)
- Sanjeev Singh
1.2B reads / sec from a hash map in a single JVM on a machine with several hundred CPUs. That aggregate throughput is probably a record for any hash table running anywhere on any hardware.
- Sanjeev Singh
I watched this talk when it was first released and by fall last year wondered why Cliff Click's data structure hadn't seen inclusion to the jdk or at least wider adoption. I asked jjb during one of our weekly concurrency meetings and learned that some unexpected problems had crept up in the meantime.
- Mustafa K. Isik
I watched this talk twice by video and once live at JavaOne. I still didn't understand one component until speaking with Cliff at the conclusion of his live talk. I'm not surprised it's not yet part of the JDK; I suspect it requires a significant acceptance prior to its inclusion, given that it's so new. Of course, I don't claim to understand JCP, nor have I followed updates to this hash map since J1 '07.
- Robert Konigsberg
"On average, there was an 85 percent increase in the amount of free radicals for all the subjects in the study. Free radicals have been linked to a variety of diseases in humans including cancer," said Agarwal. Free radicals have been linked to decreased sperm quality in previous studies."
- Sanjeev Singh
from Bookmarklet
That's why i always keep my phone on standby mode and stuff it in the back pocket. anyway, my third child is on the way, dun think i'll hv another one.
- Lim, Kok Kim
When I first saw this I assumed they improved the quality of your sperm
- j1m
The second time I read this, I thought it said cell phone affect the quality of your spam.
- j1m
" The semen in the test group was placed 2.5 centimeters from an 850 MHz cell phone in talk mode for 1 hour. Researchers say that 850 MHz is the most commonly used frequency. They used the measurement of 2.5 centimeters to mimic the distance between the trouser pocket and the testes. Agarwal reasoned that many men keep their active cell phones in their pants pocket while talking on their headsets." Really? 1 inch away?
- Paul Buchheit
So if I keep my phone just over 3" away, there should be 1/10 the radiation, causing only 8.5% more free radicals, right? I bet that the inch of flesh will do much better at absorbing the radiation than the air in the study.
- Gabe
Yeah, I wonder if they monitored or controlled temperature. Also, notice that they phone was in "talk" mode, not standby or whatever it's called when you're not talking.
- Paul Buchheit
In the article they said the control group was at the same temperature as the test group, so that should be good enough. It seems like they were specifically trying to determine if men should keep their phone in their pocket while talking on a headset.
- Gabe
Paul, maybe Agarwal is hung like a chimp (or uses an 80s-style brick phone) :). The big story here to me is that the radiation is causing any changes at all to biological tissue that isn't purely explained by heating.
- Sanjeev Singh
kk, if you're done with kids, maybe it's time to keep your cell phone on in your front pocket :)
- Sanjeev Singh
jeev, but i don't want risk getting testicular cancer, cos there is a study that suspect prolong use of phone causes cancer "According to a study by the Swedish National Institute for Working Life, heavy cellphone users face an increased risk, especially on the side of the head where the phone is held"
- Lim, Kok Kim
"Conclusion: The debt markets are so out of whack that we are now at a point where credit risk is being rewarded more than equity risk, something that should never happen in a world where equity investors own only the residual rights to earnings. This cannot last for very long: either spreads will tighten rapidly, equity prices will fall rapidly, or both. (Or, chortle, earnings will grow more rapidly.)"
- Sanjeev Singh
from Bookmarklet
Taleb must be having a field day, assuming his hedge fund hasn't closed.
"Will the inevitable economic rise of China and India mean that these dynamic markets will produce outsized returns for those brave enough to brave their markets? A very good question, but I’m betting no. Remember, equity prices are based on per-share metrics, and in nations with inadequate shareholder protection, outstanding equity gets diluted faster than iced tea on a hot day. Despite China’s ten percent annual economic growth and the recent torrid performance of its stock market, its real long-term returns over the past fifteen years have been negative. (And forget Russia: its ascent is linked directly to the buoyancy of the commodities markets. Not only is this unlikely to persist, but natural resources are a well-known developmental curse.)"
- Sanjeev Singh
from Bookmarklet