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  • Envy Has Got Nothing To Do With It [View article]
    ["This article is the usual left wing drivel, written by European socialist academics no less."]

    If it's drivel, it would be easy to deconstruct. Instead you chose the easy way out by simply labeling. Perhaps you didn't hit bottom enough..
    Sep 6 04:09 PM | 10 Likes Like |Link to Comment
  • NQ Mobile: 1 Question, 5 Answers? [View article]
    And this is supposed to prove that 90% of their revenue is fake? Speaking about shifting stories..
    Nov 4 03:56 PM | 10 Likes Like |Link to Comment
  • Muddy Waters Initiates Coverage on NQ Mobile Inc. [View article]
    So you say that their security software is crap and akin to 'spyware'

    Here is a report testing the NQ security software (when it was called NetQin):

    Here is their conclusion:
    ["With features such as traffic monitoring, installed app review, remote wipe and alarm, and online contacts backup, coupled with the Checkmark certified mobile anti-malware engine, NetQin Mobile Security offers its users a well-rounded security solution. The tool was also a top performer in the recent WCL Custom Test and found to be the most advanced in malware detection capability. The WCL Custom Test featured a more in-depth analysis of the features available, and showed that NetQin Mobile Security is a comprehensive mobile security application."]

    The report is from the premier security testing outfit Westcoast labs..

    It's also very difficult to conceive that the likes of America Movil and other partners haven't extensively tested it before they came on board..
    Oct 24 05:27 PM | 10 Likes Like |Link to Comment
  • InterOil's Increasing Value Proposition [View article]
    Hello Boston,

    You did get the part where the IB's confirm the receipt of bids, right?

    Selling part of a resource that, according to you, contains gas that can't be economically exploited, and liquids that can't be there.

    And let's not get carried away with these "many multiples". I'm on record as to expecting a sales price between $1 and $1.5/mcf.
    Mar 4 06:13 PM | 10 Likes Like |Link to Comment
  • Envy Has Got Nothing To Do With It [View article]
    Perhaps it's somewhat surprising but I'm actually quite receptive to the thesis that the welfare state has a tendency to create dependency. However, there are a few caveats:
    - There is no guarantee of full employment and we can't just let people rot
    - Some kind of safety net (I favor a more activating one, like the Danish flexicurity model) can actually smooth the structural change economies experience
    - The US doesn't really have a big welfare state and certainly not a generous one, so these problems should be less in the US
    - If in a relatively short amount of time suddenly a massive amount of people reduce effort it's a sign that something systemic has changed as people do not change that fast on such a massive scale.
    Sep 5 08:03 PM | 9 Likes Like |Link to Comment
  • NQ Mobile: Don't Be Fooled [View article]
    ["Amazing how you can write and have SA approve your article within 5 minutes of the NQ press release coming to market. QTR do you actually work at SA?"]

    Remarkable indeed. Inquiring minds like to know..
    Jul 9 09:39 AM | 9 Likes Like |Link to Comment
  • Why We Are Keynesians [View article]
    ["Evidently you have a problem with people outside academia seeing Keynesianism for what it is."]

    Actually, not at all. In fact, it was the whole aim of the article, to let people outside of academia seeing Keynesianism for what it is.

    Obviously not everybody gets it:

    ["Keynesianism generates answers of nothing more than the application of phrenology to matters of economics."]

    I don't even know what that means, but Keynesianism simply generates answers only in a limited amount of situation, when an economy is demand constrained. It shows how that can happen, why it might not be self-correcting, and what can be done about it. Not much "phrenology" in there, but fairly simple, empirically testable hypothesis. Hope that helps, but after having run into you a few times already, I'm not overly optimistic.
    Jan 24 08:43 PM | 9 Likes Like |Link to Comment
  • Why We Are Keynesians [View article]
    ["But you left out the part of a government eager to promote home ownership for all"]

    That eagerness predated the bubble by decades and is fairly irrelevant (housing bubbles emerged in other countries as well, without the community reinvestment act). Banks were simply driven by profits, not govt. eagerness. And it was VERY profitable to give anyone with a pulse a mortgage, repackage these into inscrutable derivatives, and sell these onto unregulated markets. That's profiting twice without running much credit risk. Some banks actually profited three times, by shorting the very same derivatives they were creating and selling.
    Jan 24 04:12 PM | 9 Likes Like |Link to Comment
  • How Would Milton Friedman Solve The Crisis? [View article]
    ["The absolutely awful numbers out of France today are the best evidence of this."]

    Agree with you on France, but there are quite a few countries with considerably bigger public sectors than the US which have done pretty well (Sweden, Denmark, Germany, The Netherlands). It's not so much the size, it's the quality that matters.

    There is simply a group of people in the US who are allergic to government by definition. I prefer to look at the figures a little bit more dispassionately..
    Nov 8 09:30 AM | 9 Likes Like |Link to Comment
  • NQ Mobile: A Neutral Observer's Take [View article]
    ["As for what to focus on long-term, NQ needs to conclusively shoot down the evidence that seems to indicate its security product is a security liability. If it can't do this, no matter what you believe about fraud or not here"]

    You might want to read this morning's IR update:
    [" As for the quality of our product, we already addressed this. NQ has always made it our priority to constantly improve the capability, features, value, and security of our products. We have been doing exactly that for the last 8 years and were the pioneers in the mobile security space. We will never stop learning, innovating, and creating for our partners and end-users. The bottom line is we are confident in the quality and value of our core security products and solutions. Below are the details to any questions related to this product topic:

    NQ participates in regular benchmark testing through independent labs like West Coast Labs and AV Test. Both labs are premier software testing houses that have reviewed NQ's software performance and technology.

    Earlier this year NQ Mobile's products were included in the AV-TEST public Certification Program.
    As part of this program, NQ Mobile Security was subject to rigorous tests and quality measurements, including mobile malware detection, CPU/Battery performance, false/positive application detection, ease of use and the inclusion of additional value added features.
    "After multiple rounds of testing, in June 2013, NQ Mobile Security was recognized as a top performing product, achieving 99.5% malware detection and was awarded the coveted AV-TEST Certification quality seal."

    - Maik Morgenstern, CEO AV-TEST, Oct 28, 2013

    As the security space is continually evolving, NQ is committed to ensuring its product capabilities are above benchmark and is constantly reviewing its platform and its capabilities and working with outside experts like ID Theft Protect (, to ensure that NQ is making the appropriate investments in its core technologies.

    NQ has also a long-standing relationship with external mobile security consultancy, IDTP.
    IDTP was brought on in mid-2012 as an external consultant by NQ because of IDTP's expertise in the mobile security space.

    IDTP was tasked specifically to help review NQ's security architecture and to execute technology and architecture improvements with our products in order to maintain the security of our products and our customers.

    The following security improvements have been made since mid-2012:

    Multi-engine detection - NQ have deployed cloud-side multi-engine detection capability, which is currently supported by several Tier 1 and Tier 2 AV vendors, as well as NQ's proprietary native engine. This is an industry-leading approach to detecting malware.
    NQ user account salting - NQ provides database user account (cloud server) privacy and encryption. This prevents rainbow table attacks that are used for reversing cryptographic hash functions. This approach is used by hackers to crack password hashes.
    NQ Gzips - AES encryption prevents data from being uploaded to servers as near plain text.
    Data Encryption - AES encryption employed to protect SMS, contacts, call logs, IMEI, IMSI, ICCID and ESN.
    Master Key Exploit - refer to Android security bug 8219321. Android cryptographic verifier validates the first version of any duplicate file in an APK archive, but the installer extracts and installs the LAST version (duplicate). NQMS protects users from this exploit.
    401 Phishing – USSD exploit can brick a device by sending the user to a malicious web page. NQMS prompts you if USSD exploit attempts to open the dialer app and or prompts you to open the browser. Vanilla (stock) Android is unaffected by this exploit.
    SEND_SMS Capability Leak – looks for SMS spam (including URLs) that uses the Send_SMS permission without actually requesting the read & write SMS permissions. This leak is also used by developers to deliver SMS ads.
    Adware detection - AdMob/Flurry - API leakage/permission analysis. NQMS classify "adware", if an app is using AdMob / Flurry, but only if an app uses the INTERNET & ACCESS_NETWORK_STATE permissions when there is no mention of Google mediation networks on the Play Store.

    NQ Mobile is also collaborating with global anti-virus bodies on malware definitions as well as leading the anti-virus and mobile security industry on developing a Mobile Malware Sample Sharing Network (MMSSF) to improve real-time mobile malware analysis as well as sharing this data with AV industry partners.

    NQ Mobile Security 7.0 maintains strict caution on transportation of non-China consumer private data to China. NQ has always been very clear on this and has gone the extra step to have also sought Truste privacy certification, seeking their expert guidance in this particular area, as the protection of our consumer's private data is important to NQ and to NQ's business.

    NQ is and has always been transparent with customers about the data we collect as well as maintain strict controls about where we store that data. Our process is aligned with our privacy policy, and, most importantly, adheres to the standards that NQ expects from its own business and also that of experts in the industry.

    The below table outlines what data NQ MS 7.0 uploads, where NQ store it, and what it is used for.

    (Photo: Wink

    Data that is specific to a phone number or device (IMEI, IMSI, ICCID, ESN) that we do transport to China is used specifically and only for purposes of billing and are for premium paying customers only and is done only in our NQ Data Center. NQ's Data Center houses NQ's BOSS system (Business Operations Support System), which provides global billing and authorization services.

    Lastly, a feature on NQ Mobile Security 7.0 called Virus Broadcast is a free service for consumers to see what the latest viruses are that have been reported in our global virus database. It is NOT specific to any user's device. To be clear, on installation, NQ mobile security 7.0 preinstalls an anti-virus database on the device. With the installation, NQ also prepackages the latest Virus Broadcast Feed as well. Prepackaging this with the installation file avoids a separate download after install. After installation, Virus Broadcast WILL show the user the latest two viruses in the Virus Broadcast at the point of installation. Once the database is updated, the Virus Broadcast will update as well with the latest information from the newly updated AV database.

    Finally, we will work hard to transparently and quickly defend any falsehoods or inaccurate analysis that is released. We are focused on running our business. We are confident in our business. We look forward to reporting our Q3 results. "]
    Nov 4 09:38 AM | 9 Likes Like |Link to Comment
  • What Exactly Is So Objectionable About Obamacare? [View article]
    Analogies are for people who cannot debunk the original argument.

    Having said that, there are people who are simply unable to complete high school, as it requires effort and a modicum of intelligence not given to everybody.

    Further, there is also a market failure in education (and hence a role for government), but it's a different one than the ones making the free market solution in healthcare sub-optimal. It's called external effects (in this case, positive ones). That means that left to the free market, education tends to be under-supplied. You can deal with that by taxing the public and providing public education or subventing private education, or both. No need to do something ridiculous as taxing people who fail to graduate, as they already face personal penalties (their job and earnings prospects greatly diminished).

    All this is economics 101, you seem to have done these courses so it's a little disappointing you have forgotten so much of it. Perhaps we should tax you for that..
    Oct 11 05:34 PM | 9 Likes Like |Link to Comment
  • There Has Not Been Any Supply-Side Revolution [View article]
    This is an article about supply and demand, and balancing it, not about morality and politics. I'm simply saying that you cannot run an economy where wages lag productivity growth by an ever increasing amount without suffering some of the consequences (spelled out in the article)
    Sep 6 09:21 AM | 9 Likes Like |Link to Comment
  • A Chinese Hard Landing? [View article]
    Well, couple of reasons:
    - mortgages play a much less prominent role
    - there is still a great wave of urbanization going on, these apartments will be filled one way or another, in time
    Mar 22 11:46 AM | 9 Likes Like |Link to Comment
  • Bull Market To Continue For Years? [View article]
    Speaking about Weimar and Zimbabwe, you seem blissfully unaware of just what it took for hyperinflation to emerge there, look for a couple of links in here:
    And it's funny to accuse people of ideology when they actually produce data while you can only rant
    Mar 14 03:08 PM | 9 Likes Like |Link to Comment
  • Rising Inequality And The Economic Crisis [View article]
    Well, I actually didn't try to make any moral judgement or propose "collectivist" solutions. What I did try is to show that rising inequality itself could have been a significant factor in producing the economic crisis. Too bad that argument is getting lost..
    Dec 3 01:08 PM | 9 Likes Like |Link to Comment