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D_Virginia

D_Virginia
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  • Wall Street Breakfast: Must-Know News [View article]
    Bloomberg: Software Patents Get U.S. Supreme Court Review

    http://bloom.bg/18wdohe

    It will be interesting to see if the SCOTUS issues a sweeping opinion that will have significant impact on the scope of software patents, or if they will rule narrowly to maintain the very blurry status quo.

    Speaking as a techie, it is my belief that many software patents don't necessarily pass the test for novelty and non-obviousness, and there are a lot of patents that have been issued that protect things that are essentially the nuts and bolts of the software industry -- the patents do nothing but stifle innovation and enrich lawyers. (Coincidentally, these patents have been granted by lawyers who know little of technology, just as this case will be decided by judges who know little of technology.)

    Yet, at the same time, there are some very clever software algorithms out there that are certainly worthy of patents, though perhaps patents of shorter duration than is common today.
    Dec 9 07:26 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I agree, absolutely, both sides attempt to spin what they think the data means -- which is not the data's fault.

    But to blatantly accuse the numbers themselves of being lies, Jack Welch style, is pretty immature, even for internet commenters.
    Dec 6 06:26 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I actually agree that 2009-2010 was not the ideal time to push healthcare reforms -- it was instead the ideal time to push financial reforms and to legalize punching Wall Street bankers in the face. :-)

    But I think there's a reasonable argument to be made that there would never be a "good" time to make such sweeping changes. There's always going to be something going on that gets in the way. It wouldn't have been my choice, but I don't think it was the worst choice, either.

    And given that the monetary policy under Obama is the *exact* the same monetary policy (right down to the hairs on Bernanke's beard) as "Bush and the Republicans" -- which is actually the name of George W's latest project, a Fraggle Rock cover band ;-) -- I'm not sure you can totally blame it on President Obama.

    Nor should you have any reasonable cause to believe that it will dramatically change when he leaves office, regardless of the affiliations of his successor.

    It is clear that you're just angry and looking for someone to blame, and you picked Obama. It's okay. I understand. The world is a messed up place. And it's much easier to just lash out than to really try to figure things out. It's okay. Keep taking the easy way out. I'm sure it will get you far.
    Dec 6 05:52 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Because it's not a lie -- it's just data. It has no intent. It has no malice or benevolence, it just *is*.

    The methodology is far from perfect, but it is relatively transparent and relatively consistent.

    And yet month after month, some dopes take any good-sounding data and rant about how the Big Bad Gubmint is lying! Lying!! Lying!!!!

    And also month after month, those *same* dopes take any bad-sounding data and rant about how "even the government" now agrees with them.

    Wait -- I thought the government always lied? So which is it??

    Whiners see what they want to see.

    The rest of us just see data.
    Dec 6 05:30 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    It was a joke, hence the ;-)

    Maybe this weekend you could go shopping for a sense of humor, I think they are on sale at (TGT). :-)
    Dec 6 05:18 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    > the unemployment rate going down is ominous in this climate.
    > It means that more people have left the work force.

    That might be what you want it to mean, but it is not in fact what it *actually* means.

    Labor participation rate actually rose a bit:
    http://1.usa.gov/n7EsqZ
    Dec 6 02:18 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Lots of comments were deleted from this article. Remember, whenever they delete a comment, all of its replies get deleted too.

    Personally, I blame Bush for these deletions. ;-)
    Dec 6 02:13 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    > Would that be the real employment figures or the administrations??

    That would be the same employment figures as always -- the ones you say are infallible when they support your preconceived notions, and the ones you say are junk when they don't.

    Perhaps you should consider -- just like a person who keeps getting dumped by everyone they go out with -- maybe it's you. :-)
    Dec 6 08:27 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The Obama Cooties Index is a measurement that people like Mr. Ferguson apparently use to judge the economy.

    It measures the degree to which people think that the Mystical Kenyan Socialist Cootie Aura surrounding the president is a drag on the current and future economy, and many believe that it will drop to zero in January of 2017, and they claim that the economy can finally start to recovery at that time.

    Because clearly that Aura is the only thing holding back the economy right now. It's not weak demand, nor criminal financial institutions, nor stagnant wages, nor manipulated markets -- nope, it's the Kenyan Socialist Cootie Aura.

    Robert will tell us all about it when he mysteriously begins to think it's time to expand his business in 2017, in spite of little-to-no legitimate change in economic conditions.

    :-)
    Dec 6 08:04 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    For your morning laugh and cry at the same time, Jon Stewart reports on financial crime, because the financial media won't:
    http://bit.ly/19lu4rU
    http://bit.ly/19lu4rW
    http://bit.ly/19lu2jS

    Well, almost none of the financial media, a Bloomberg article on Blackstone is here: http://bloom.bg/1aLHDB3

    Today's news indicates we might see some sensible patent reform -- when will we get an indication that we might one day see some sensible Credit Default Swap reform???
    Dec 6 07:44 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Agree, three cheers for patent reform!
    Dec 6 07:41 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Like I said, it's obvious that you don't have the vaguest idea.

    Let us know when the Obama Cooties Index drops below your target threshold so you can finally get your business going. :-)
    Dec 5 06:46 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Micro-lending has done a lot to get poor people out of poverty in developing nations, but I question how well suited BTC is to operating in poorer nations without near-ubiquitous access to computers and networks? At a glance, it would seem that BTC is specifically intended for sophisticated operations only?
    Dec 5 09:58 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    > Because it is anonymous, Bitcoin probably has a good future.

    A good future for economic benefit?

    Or a good future for crime? :-)
    Dec 5 09:25 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    > a NON government manipulated global currency is something
    > that would be very good for the world.

    So you'd prefer that it be manipulated by corporations and other wealthy players instead, and (obviously) with much more impact than governments have recently had on established currencies?

    Because that is exactly what is happening with Bitcoin.
    Dec 5 08:56 AM | 2 Likes Like |Link to Comment
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