Recent submissions

Comment · 5 years ago
Turn of javascript when loading the economist website and you can read all the article with no subscription. You miss out on the audio version though, which is excellent.
Comment · 5 years ago
The microprocessor became available in 1971, that's what happened.
Comment · 13 years ago
This was not a special emergency power, this is simply a case of failing to comply with a court order the same as refusing to comply with a search warrant.
Comment · 13 years ago
If the information was in his head and not on a thumb drive then yes, but it was on a piece of physical evidence, therefore the password is the same as a key to a storage locker or the combo of a safe. Refusal to provide either will result in a charge of contempt, exactly what happened in this case.
Comment · 13 years ago
It does not matter. It's the same as refusing to allow police to search your home when they have a warrant. You can be held in contempt and be throw in jail for it. This is not different, it's been the law for a very long time.
Comment · 13 years ago
Not only do they have lids but one of the main functions of buckets for contractors is to mix things. The non uniform bottom and non circular shape make this prohibitive. While this bucket is nice for pouring water it serves little purpose for most applications.
Comment · 13 years ago
Sorry, did you say you pay $10 for a 50g bag of coffee?
Comment · 13 years ago
All of that info is in the write up. It's not nicely laid out in a table but the read is a lot of fun.
Comment · 13 years ago
The answer is actually no

Q. Where can I use Coin? A. You can use a Coin everywhere cards are accepted including dip-style card readers and ATMs. Use a Coin just like you use your cards now at gas stations, restaurants, the mall, the gym, or other places you frequent.

Dip-style card readers do not pull the card into the machine.

Comment · 13 years ago
The undrewriters don't always come out doing so well. Take a look at the Facebbok IPO as an example. They didn't end up selling all of the stock that was issued in the IPO and had to buy up stock back from the market at elevated prices in order to keep the stock from plummeting on the first day. They still made money but not what they expected.

As for the insider vs outsider. In order to issue an IPO, a number of stocks are agreed to be issued. These stock either come from the company issuing more shares and diluting the value to current stock holders and the company receives the money from the new share purchase, or the stock holders offer up some of their stock to be sold in which case they receive the money. I believe is usually mix of the two. The current stock holders don't offer all of their shares up. Just enough (I believe this is set by the SEC) to enter the market.

The underwriter assumes a large risk and for the portion of the stock that goes through them to market, they are paid the $20 difference ($26 to $46). As well they facilitate the actual sale of the shares. This is not an easy task (again see the technical issues with the Facebook IPO).

So in the end the 11 rounds of investors get $26 for some of their shares, in order for the rest of them to be worth $46 or now $50. They are also now allowed to sell those remaining shares on the open market. Something they were not able to do before the IPO.

No one is getting screwed here. There is a very big pie, and everyone, from the first investor to the undrewriter, gets a piece.

Comment · 13 years ago
Tried to check your sources, and for the first could not find anything talking about CO2 levels going back 20 million years, and the second links to a non existent article.
Comment · 13 years ago
Thank you for this bringing this up. It was the first thing I thought about when reading the article. I also recommend the book.
Comment · 13 years ago
Snowden made it very clear weeks ago that there was a dead man switch for the release of documents. Greenwald was just restating it with some sensationalism. Just trying to get more people to read the article.
Comment · 13 years ago
Base load. Please look this up when talking about using renewable energy sources for our electricity. Without things like nuclear power, coal, and natural gas plants we cannot maintain a proper base load.

This is totally besides the fact that when you look at the break down of the environmental impact of all power sources, nuclear continues to be one of the greenest solutions.

Comment · 14 years ago
Frank Stronach, of Magna International, held a voting majority for over 30 years, despite actually owning a minority share of the company.

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