G4S is the British umbrella corp., the subsidiary is American, so Americans probably used.
However, this is absolutely the case in American Embassies overseas (even in places like Afghanistan), contractors are used in addition to our own troops to guard the Embassies and/or Consulates and those contractors use foreign nationals (alone or in addition to US citizens). There were major stories coming out of Kabul in recent years.
The reasoning is probably that there just aren't enough Marines to guard all the postings (consider how many Embassies and Consulates we have in places just in Russia, China that are relatively safe and secure but need US postings in all the major cities, and then you go all across every single place in Africa and Asia) so then the contractors get involved, and then they hire local nationals, nationals from other countries (besides the US and the host nation), as well as any Americans they might want. Some may be great and some may not be, like everything else, depends on the individuals. Absolutely not US citizens guarding all our facilities in every position, and when price becomes a key issue for the private companies and their bids, there can be very, very serious consequences. Reuters and AP don't cover all these incidents, but just consider how many hostile, unstable places there are that we have to have people in but never get covered on the news (e.g., Central African Republic, the DRCongo). Even government contractors here are using foreigners that recently moved to the US (within 10 years - verify this on Linkedin) in HR positions, so they have access to SSNs, etc. and while US citizens have to go through extensive background checks that would get them fired if they had a current job, foreign nationals that came from overseas within the last decade are already working there.
I don't know what happened here but somewhere someone thought the government is evil and they bypassed laws outsourcing critical security and other DoD, DHS types of contracts to private contractors and now we have way, way, way worse scenarios for security.
If you see something about costs, beyond not generating U.S. citizen jobs, let's see it.
Are you sure these are not U.S. citizens? A lot of national security contracts, private contractors still require U.S. citizenship plus various security clearances. Each clearance costs about $20k to the employer, they ain't cheap and also run on really ridiculous criteria.
Unless there is proof I wouldn't say the actually contract employees are Brits, "taking our jobs", although I do believe we have offshore outsourcing of jobs, not going to U.S. citizens all over in government contracts, DoD, federal, state, local.
So stupid, that's taxpayer money just flowing out of the country when our money should support our workforce. (Keynesian stimulus 101).
Too funny/disturbing, just read this at ZH and then checked out multiple articles from Reuters. Apparently the same British contractor that screwed up Olympics' security in London is also guarding our nuclear facilities. Awesome! No need for US govt. guards paid good wages and that undergo the standard endless security checks we all have to undergo for jobs at 7-11 these days, let's pay foreign contractors to do the job, and to do the job so poorly that nuns in their 80s can break in! Well, I have no doubt the nuns will be treated in the harshest terms possible while the job creators that allowed it will still be rich and free and the people that love outsourcing at all costs will stay mute. Remember another British contractor forced unemployed British citizens to work for free overnight as part of "training" and "for possible employment" during the Queen's Jubilee? Maybe our government and foreign corporations can force unemployed foreigners to work for free guarding all of our military bases, borders, and nuclear facilities because there simply aren't any unemployed Americans with the skills or experience that could allow nuns to break into nuclear facilities. I honestly think in 2012 it would be impossible to carry out something like the Manhattan Project, we'd have contractors from Japan and Germany guarding the facilities because they would work very cheaply and that's what it's all about apparently.
It's not correct. The big area where the drought showed up was in farm inventories, but the change represents only -0.19 of the -0.49 percentage point drop from the 2nd revision, or 39% of the downgrade.
I really dug into the revisions for I found such ominous signs contained in the numbers.
I like to look at percentage point contributions because inherent in these figures is the rate of change from the previous quarter and I think it gives the best picture on the change in the breakdown. Graphs are in different forms but primarily correspond to the bottom percentage change of individual components, against themselves, from the previous quarter.
This overview is dense, I know, and I hope it's understandable. If not, please leave a comment so we can improve to make the GDP report more easy to see what the numbers really mean to us regular folk.
Bloomberg I swear read your article. Here is theirs:
The Federal Reserve’s latest mortgage bond purchases so far are helping profit margins at lenders including Wells Fargo & Co. (WFC) and JPMorgan Chase & Co. (JPM) more than homebuyers and property owners looking to refinance.
Since the Fed’s Sept. 13 announcement that it would buy $40 billion more securities per month, the rates offered for new 30- year loans have fallen by just 0.13 percentage point, compared with a drop of about 0.7 percentage point for yields on the bonds into which the loans get packaged, according to data compiled by Bloomberg and Bankrate.com. The gap between the two, which typically signals increasing lender revenue when it widens, has reached a record of more than 1.7 percentage point.
yea baby, that trickle upon, indirect stimulation is just so awesome, since it's all not addressing the real reasons our economy is imploding. Works so damn well!
So the guy downloaded code, so what? Goldman Sachs has been proven time and time again to bone clients, bet against them, sell them on products they are betting will fail, etc. So this guy took, stole, whatever (apparently the Feds think it's not theft, and given the supremacy of the feds, NYDA should listen up lest they waste 5+ years fighting this through the Appellate Div., then NY Court of Appeals, then 2 CCA), so what? If it's as worthless as everything else Goldman Sucks produces, it's actually a detriment to anyone this guy pawned it off on, even if they were willing to pay him six or seven figures. Cyrus, offer the guy discon under 240.20 or an ACD with a promise not to break the law. Hell, if Goldman Sucks can fix prices in commodities or bet billions against private and public clients, surely the NYDA can cut this guy a break. And to all ADAs in the NYDA's Office - remember, do justice, it's the job, not serving the money - if you can't do that, quit. Do you share more in common with the Americans on the street struggling against banksters and crony capitalism or with the man who probably got his job because he's the son of a former Secretary of State and sure as Hell has connections most people could never dream of? And Cyrus and all other law enforcement across the country, we're waiting for the money laundering prosecutions, conspiracy to aid terrorists, conspiracy to aid drug traffickers, mail and wire fraud, price fixing of commodities, fraud, commingling of funds, grand larceny (hundreds or thousands of counts), forgery, etc. We are awake and aware and have the skills and knowledge. If you won't prosecute these folks, then by all means help prosecute Pussy Riot, they might be released in 2 years.
If I was this guy's attorney, I'd just invoke Jon Corzine, Dimon, and everyone else. Shoot, just for kicks, I'd yell "Occupy Wall Street" for fun on the courthouse steps and during pretrial hearings. Now that would get anyone held in contempt and wouldn't really be relevant to anything going on regarding the case, but screw it, I think most sane people hold the whole show in contempt now, Lord knows the big boys like Corzine hold us in contempt. And maybe saying it enough would mess with the jury and bring on some nullification (not sure it would work for a former GS worker, but it might for a regular citizen screwed over by GS). I hope the guy's attorney does find out who and what lobbied so hard to get the charges brought one and two times. Opensecrets does show people are able to spend big and directly lobby the DOJ/US Attorneys' offices, and no doubt Cyrus Vance's door at the DA's Office is open to campaign contributors too. Now that might not help low-level criminals, but in bankster Mecca NYC, it surely must get his attention. The same way Goldman can push for criminal prosecutions is the same way Corzine and Dimon can prevent prosecutions. Honest career prosecutors (those not seeking big law jobs defending the same banksters after they serve the public) must have some unease about prosecuting these cases knowing full well people that launder terrorist money or steal billions from farmers are walking free while the DA purposely ignores their crimes. Wouldn't be surprised if the prosecution handling this case seeks work at the banks after their time is up. At least we should hope there are enough Assistant DAs that see the charade and are fighting against it in the DA's office.
European lawmakers just voted to enforce a 1/2 second delay on trades. This is 10x the time length of what is being proposed in the U.S. (and fought, ignored "studied").
The Federal Conviction was overturned so now the State is having a do-over. Excellent point, prosecutors wasted no time going after this guy whereas MFGlobal, where it's pretty clear we have brazen customer theft, not only is Jon Corzine walking away Scot-free, I read somewhere they were going to do a new hedge fund.
Unbelievable.
Supposedly this guy claimed he was downloading "open source" and since it appears these trading algorithms are modifying server software, which is extremely "open source", i.e. CentOS (I hope, most stable), that's the claim. Now it depends on the GPL license of the code, which may make a defense. In some cases modifications are "sticky" and are covered under the GPL umbrella. I don't think so here, I think this guy simply walked out with the code, thinking there wasn't a problem to take one's work "with you" to a startup.
But that said, yes, we sure do have different rules going on here for engineers vs. hedge funds and Wall Street. Theft of them is prosecuted to the ends of the earth, theft of us is just the way of doing business.
It's pretty interesting the Manhattan DA and feds seem to be doing the bidding of Goldman Sachs and other banksters. Again, did the Manhattan DA or other law enforcement authorities bring any charges whatsoever against the banks implicated in money laundering for the drug cartels and terrorists (e.g., Standard Chartered, HSBC, Wells Fargo, etc.) that all have HQ or branches in Manhattan? Even after these banks settled civil actions, there are no criminal prosecutions, espcially against key officers. Those crimes affect US citizens directly and violate US federal law and NY State law and the public in general. It's absolutely disturbing that the NY DA is focused on one person merely because he dared to go against Goldman Sachs. Apparently helping terrorists and others isn't a concern for the DA located in the place attacked on 9/11, but protecting banksters' IP is? The facts and prosecution really do speak volumes.
God, it irks me to see software engineers called "programmers". If this guy is so brilliant, how come he was so stupid to ftp proprietary code? I would assume all know every server captures every single event in logs and is traceable? Pretty damn stupid for someone who was so "valuable".
We list those above and if you think Wall Street has gone ballistic over even increased capital requirements, OMG a transaction tax or small fee once a trade has hit a certain number of times in x predefined time window will cause them to go absolutely ballistic. We're all for a transaction tax of course, cleverly crafted but the army of lobbyists Wall Street will unleash should look like the "Red army" swarming the hill.
Needless to say, Dem leadership has shot this down and of course the Obama administration will. Can insult the donor class. I think it's a very good idea and a tool that could be utilized to help stop systemic risk as well, but I don't think it has a prayer's chance of passing since our government is owned by Wall Street.
I don't know about NYC, CT, NJ and so on but non-compete are not enforceable in CA. That said, most engineers have NDAs, confidentiality agreements, clauses to even come and support patents after leaving the firm. Hanging as sole prop. on code as a work product sounds strange, as if there is a liability clause hanging the disaster on that poor, unprotected, since not incorporated, schmuck?
Serially, there are trade secrets, proprietary algorithms and so on and most engineers worth a damn know absolutely not to talk or to leave src unsecured, anywhere near an live port...or walk into a bar and leave their beta prototype (:)) and if they have an ounce of ethics, uh, not download it and dump it onto a flash drive the last day at work. ;) Yet, putting untested algos and code on a live production server/router is insane, so how could these firms do worse, unless they forced that as which point they should be liable?
To me this is just astounding considering these reports of such shoddy engineering, software/algorithm work. It's kind of amazing people are performing this poorly on an engineering level and pulling $300k, sorry but even for mega rich Manhattan that just seems bizarre.
One of these fellows who is actually in the business suggests to me that the prevailing wage is not an artifact of shortages or labor pool elitism (although they certainly do target the already-wealthy), but the fact that *they know where the bodies are buried*. Implicit in this high salary is never talking to the press, never leaving the company hanging as the sole proprietor of a piece of code, and never working for an opposing company.
We're seeing this article be retweeted extensively. What the question really seems to be from reading the retweets is what exactly are the engineering practices of HFT platforms and the "safety" thereof?
We reviewed what is verified, via the Chicago Fed as well as testimony. That said, since clearly the engineering details, from software, to architecture to actual trading algorithms, triggers are not really being examined in terms of systemic risk as we noted in this article, we're happy to look at more details including professional publications, patents and even architecture design docs. We happen to have in our bag of tricks some technical chops, so we'll be happy to overview more technical facts as we find out about 'em. They just need to be verified, we can't do much with "my friend said" or "supposedly these guys are hacking up CentOS in their garage" or all of the various claims I've seen flying in the comments and out there on the Internets.
I don't know the percentages of U.S. workers who have been fired at least once, but the attitudes today I would suspect it is extremely high, over 50%. To make matters worse, we have corporate attitudes of "only apply if you have a job" and literally I saw "PhD required, only those with PhDs awarded in the last 2-3 years will be considered" as a job requirement. We have brazen discriminatory ads all over the place and the EEOC is crippled, doesn't do jack about any of this. That's in part this administration and the DOL's fault for not enforcing the existing laws.
Right, the U.S. jobs market is officially insane and really abusive. Beyond the emptiness of realty TV, all of those "Survivor" shows and "competition" shows I think are doing America a huge disservice. It's one big rejection game as if only "one" can "win" and work has now become who will be voted off the Island.
That's just opposite of what one needs to build up a solid workforce or staff for a business. It's all team and turning it into a "only 1 winner" game show ruins trust to be a team.
Cultural differences or not, the deep emotional pain and scars one will leave on one's loved ones lasts for life, never mind the horrific tragedy.
In some countries those who aren't kicking ass and taking names (in so many words) are viewed as failures. In Japan, 57% of suicides were by unemployed. In Japan, it's viewed as a way to get rid of shame. In the US, it's always been the Protestant work ethic ideal. If you worked hard and were successful, that was basically validation that you were a good person/American. If you were unemployed or struggling, you were in so many words, a "loser." Of course that's completely messed up considering reality and the fact that many, many making the hiring/firing decisions are anything but hardworking or brilliant, but that national psyche is too far ingrained over many years. So the people struggling may even understand and accept it's not their fault, but too many other people still with jobs are quick to blame the victim so that they can somehow feel that they will never suffer the same unemployment or struggles. It's also the Horatio Alger lessons, Manifest Destiny, crush all those who get in your way or be a loser mentality still lingering out there (e.g., the snakeoil salesmanship of Trump still celebrated on TV and by some politicians).
So people who feel truly depressed because of the lack of a good job are not only punished once for being unemployed, but also a second time because in America feelings like that are only by those with "mental illness." Of course comparing suicide rates across the globe, including Japan, Sweden, Russia, and other countries for comparison and analysis show that suicides cannot be so quickly dismissed and public authorities shouldn't be so flippant about saying they are all caused by mental problems. Otherwise there would be no correlation between national economic problems and the suicide rates.
I found their answers ridiculous too, why the sentence. We sure do not want to imply someone who is stable, perfectly fine goes off and whacks themselves over a job loss. It is mental illness, if someone is to that point, they need help, immediate help and they should seek help.
No matter what is happening around you, except maybe terminal illness, that is simply not the answer. It's really taking out what life has done on yourself and that should not be for it's not people's fault what is happening. Even if it was their fault, there just isn't reason or justification to hurt oneself.
But I found the answers on government sites trite and "blow off", as if "positive thinking" will magically cure that black state or that economic conditions couldn't push someone over the edge. Gez, people need to know they are not alone and every day I pour over numbers which are actually people. Millions of people in this country are in financial ruin, they are not alone and it's not their fault.
Our society trivializes job loss and they "fire at will" and "fire at random" and a job loss is absolutely devastating. Society is simply supposed to provide economic well being and quality of life to the people and this society acts like jobs are some sort of side effect, after thought, which is should be the #1 primary objective of corporations, businesses, government, policy makers, politicians, economists, legislators.
G4S is the British umbrella corp., the subsidiary is American, so Americans probably used.
However, this is absolutely the case in American Embassies overseas (even in places like Afghanistan), contractors are used in addition to our own troops to guard the Embassies and/or Consulates and those contractors use foreign nationals (alone or in addition to US citizens). There were major stories coming out of Kabul in recent years.
http://www.motherjones.com/mojo/2009/09/animal-house-afghanistan
The reasoning is probably that there just aren't enough Marines to guard all the postings (consider how many Embassies and Consulates we have in places just in Russia, China that are relatively safe and secure but need US postings in all the major cities, and then you go all across every single place in Africa and Asia) so then the contractors get involved, and then they hire local nationals, nationals from other countries (besides the US and the host nation), as well as any Americans they might want. Some may be great and some may not be, like everything else, depends on the individuals. Absolutely not US citizens guarding all our facilities in every position, and when price becomes a key issue for the private companies and their bids, there can be very, very serious consequences. Reuters and AP don't cover all these incidents, but just consider how many hostile, unstable places there are that we have to have people in but never get covered on the news (e.g., Central African Republic, the DRCongo). Even government contractors here are using foreigners that recently moved to the US (within 10 years - verify this on Linkedin) in HR positions, so they have access to SSNs, etc. and while US citizens have to go through extensive background checks that would get them fired if they had a current job, foreign nationals that came from overseas within the last decade are already working there.
I don't know what happened here but somewhere someone thought the government is evil and they bypassed laws outsourcing critical security and other DoD, DHS types of contracts to private contractors and now we have way, way, way worse scenarios for security.
If you see something about costs, beyond not generating U.S. citizen jobs, let's see it.
Are you sure these are not U.S. citizens? A lot of national security contracts, private contractors still require U.S. citizenship plus various security clearances. Each clearance costs about $20k to the employer, they ain't cheap and also run on really ridiculous criteria.
Unless there is proof I wouldn't say the actually contract employees are Brits, "taking our jobs", although I do believe we have offshore outsourcing of jobs, not going to U.S. citizens all over in government contracts, DoD, federal, state, local.
So stupid, that's taxpayer money just flowing out of the country when our money should support our workforce. (Keynesian stimulus 101).
Too funny/disturbing, just read this at ZH and then checked out multiple articles from Reuters. Apparently the same British contractor that screwed up Olympics' security in London is also guarding our nuclear facilities. Awesome! No need for US govt. guards paid good wages and that undergo the standard endless security checks we all have to undergo for jobs at 7-11 these days, let's pay foreign contractors to do the job, and to do the job so poorly that nuns in their 80s can break in! Well, I have no doubt the nuns will be treated in the harshest terms possible while the job creators that allowed it will still be rich and free and the people that love outsourcing at all costs will stay mute. Remember another British contractor forced unemployed British citizens to work for free overnight as part of "training" and "for possible employment" during the Queen's Jubilee? Maybe our government and foreign corporations can force unemployed foreigners to work for free guarding all of our military bases, borders, and nuclear facilities because there simply aren't any unemployed Americans with the skills or experience that could allow nuns to break into nuclear facilities. I honestly think in 2012 it would be impossible to carry out something like the Manhattan Project, we'd have contractors from Japan and Germany guarding the facilities because they would work very cheaply and that's what it's all about apparently.
It's not correct. The big area where the drought showed up was in farm inventories, but the change represents only -0.19 of the -0.49 percentage point drop from the 2nd revision, or 39% of the downgrade.
I really dug into the revisions for I found such ominous signs contained in the numbers.
I like to look at percentage point contributions because inherent in these figures is the rate of change from the previous quarter and I think it gives the best picture on the change in the breakdown. Graphs are in different forms but primarily correspond to the bottom percentage change of individual components, against themselves, from the previous quarter.
This overview is dense, I know, and I hope it's understandable. If not, please leave a comment so we can improve to make the GDP report more easy to see what the numbers really mean to us regular folk.
It ain't good, I'm really trying to tell ya all.
Bloomberg I swear read your article. Here is theirs:
yea baby, that trickle upon, indirect stimulation is just so awesome, since it's all not addressing the real reasons our economy is imploding. Works so damn well!
So the guy downloaded code, so what? Goldman Sachs has been proven time and time again to bone clients, bet against them, sell them on products they are betting will fail, etc. So this guy took, stole, whatever (apparently the Feds think it's not theft, and given the supremacy of the feds, NYDA should listen up lest they waste 5+ years fighting this through the Appellate Div., then NY Court of Appeals, then 2 CCA), so what? If it's as worthless as everything else Goldman Sucks produces, it's actually a detriment to anyone this guy pawned it off on, even if they were willing to pay him six or seven figures. Cyrus, offer the guy discon under 240.20 or an ACD with a promise not to break the law. Hell, if Goldman Sucks can fix prices in commodities or bet billions against private and public clients, surely the NYDA can cut this guy a break. And to all ADAs in the NYDA's Office - remember, do justice, it's the job, not serving the money - if you can't do that, quit. Do you share more in common with the Americans on the street struggling against banksters and crony capitalism or with the man who probably got his job because he's the son of a former Secretary of State and sure as Hell has connections most people could never dream of? And Cyrus and all other law enforcement across the country, we're waiting for the money laundering prosecutions, conspiracy to aid terrorists, conspiracy to aid drug traffickers, mail and wire fraud, price fixing of commodities, fraud, commingling of funds, grand larceny (hundreds or thousands of counts), forgery, etc. We are awake and aware and have the skills and knowledge. If you won't prosecute these folks, then by all means help prosecute Pussy Riot, they might be released in 2 years.
If I was this guy's attorney, I'd just invoke Jon Corzine, Dimon, and everyone else. Shoot, just for kicks, I'd yell "Occupy Wall Street" for fun on the courthouse steps and during pretrial hearings. Now that would get anyone held in contempt and wouldn't really be relevant to anything going on regarding the case, but screw it, I think most sane people hold the whole show in contempt now, Lord knows the big boys like Corzine hold us in contempt. And maybe saying it enough would mess with the jury and bring on some nullification (not sure it would work for a former GS worker, but it might for a regular citizen screwed over by GS). I hope the guy's attorney does find out who and what lobbied so hard to get the charges brought one and two times. Opensecrets does show people are able to spend big and directly lobby the DOJ/US Attorneys' offices, and no doubt Cyrus Vance's door at the DA's Office is open to campaign contributors too. Now that might not help low-level criminals, but in bankster Mecca NYC, it surely must get his attention. The same way Goldman can push for criminal prosecutions is the same way Corzine and Dimon can prevent prosecutions. Honest career prosecutors (those not seeking big law jobs defending the same banksters after they serve the public) must have some unease about prosecuting these cases knowing full well people that launder terrorist money or steal billions from farmers are walking free while the DA purposely ignores their crimes. Wouldn't be surprised if the prosecution handling this case seeks work at the banks after their time is up. At least we should hope there are enough Assistant DAs that see the charade and are fighting against it in the DA's office.
European lawmakers just voted to enforce a 1/2 second delay on trades. This is 10x the time length of what is being proposed in the U.S. (and fought, ignored "studied").
The Federal Conviction was overturned so now the State is having a do-over. Excellent point, prosecutors wasted no time going after this guy whereas MFGlobal, where it's pretty clear we have brazen customer theft, not only is Jon Corzine walking away Scot-free, I read somewhere they were going to do a new hedge fund.
Unbelievable.
Supposedly this guy claimed he was downloading "open source" and since it appears these trading algorithms are modifying server software, which is extremely "open source", i.e. CentOS (I hope, most stable), that's the claim. Now it depends on the GPL license of the code, which may make a defense. In some cases modifications are "sticky" and are covered under the GPL umbrella. I don't think so here, I think this guy simply walked out with the code, thinking there wasn't a problem to take one's work "with you" to a startup.
But that said, yes, we sure do have different rules going on here for engineers vs. hedge funds and Wall Street. Theft of them is prosecuted to the ends of the earth, theft of us is just the way of doing business.
It's pretty interesting the Manhattan DA and feds seem to be doing the bidding of Goldman Sachs and other banksters. Again, did the Manhattan DA or other law enforcement authorities bring any charges whatsoever against the banks implicated in money laundering for the drug cartels and terrorists (e.g., Standard Chartered, HSBC, Wells Fargo, etc.) that all have HQ or branches in Manhattan? Even after these banks settled civil actions, there are no criminal prosecutions, espcially against key officers. Those crimes affect US citizens directly and violate US federal law and NY State law and the public in general. It's absolutely disturbing that the NY DA is focused on one person merely because he dared to go against Goldman Sachs. Apparently helping terrorists and others isn't a concern for the DA located in the place attacked on 9/11, but protecting banksters' IP is? The facts and prosecution really do speak volumes.
God, it irks me to see software engineers called "programmers". If this guy is so brilliant, how come he was so stupid to ftp proprietary code? I would assume all know every server captures every single event in logs and is traceable? Pretty damn stupid for someone who was so "valuable".
We list those above and if you think Wall Street has gone ballistic over even increased capital requirements, OMG a transaction tax or small fee once a trade has hit a certain number of times in x predefined time window will cause them to go absolutely ballistic. We're all for a transaction tax of course, cleverly crafted but the army of lobbyists Wall Street will unleash should look like the "Red army" swarming the hill.
Needless to say, Dem leadership has shot this down and of course the Obama administration will. Can insult the donor class. I think it's a very good idea and a tool that could be utilized to help stop systemic risk as well, but I don't think it has a prayer's chance of passing since our government is owned by Wall Street.
I don't know about NYC, CT, NJ and so on but non-compete are not enforceable in CA. That said, most engineers have NDAs, confidentiality agreements, clauses to even come and support patents after leaving the firm. Hanging as sole prop. on code as a work product sounds strange, as if there is a liability clause hanging the disaster on that poor, unprotected, since not incorporated, schmuck?
Serially, there are trade secrets, proprietary algorithms and so on and most engineers worth a damn know absolutely not to talk or to leave src unsecured, anywhere near an live port...or walk into a bar and leave their beta prototype (:)) and if they have an ounce of ethics, uh, not download it and dump it onto a flash drive the last day at work. ;) Yet, putting untested algos and code on a live production server/router is insane, so how could these firms do worse, unless they forced that as which point they should be liable?
To me this is just astounding considering these reports of such shoddy engineering, software/algorithm work. It's kind of amazing people are performing this poorly on an engineering level and pulling $300k, sorry but even for mega rich Manhattan that just seems bizarre.
One of these fellows who is actually in the business suggests to me that the prevailing wage is not an artifact of shortages or labor pool elitism (although they certainly do target the already-wealthy), but the fact that *they know where the bodies are buried*. Implicit in this high salary is never talking to the press, never leaving the company hanging as the sole proprietor of a piece of code, and never working for an opposing company.
Could this be the answer?
Its pretty simple and would cut down on millisecond computer driven speculation.
"Ellison’s bill would raise up to $350 billion through a small tax on stock, bond, derivative and currency trading."
Nobody would suffer with this sane way to raise revenue.
We're seeing this article be retweeted extensively. What the question really seems to be from reading the retweets is what exactly are the engineering practices of HFT platforms and the "safety" thereof?
We reviewed what is verified, via the Chicago Fed as well as testimony. That said, since clearly the engineering details, from software, to architecture to actual trading algorithms, triggers are not really being examined in terms of systemic risk as we noted in this article, we're happy to look at more details including professional publications, patents and even architecture design docs. We happen to have in our bag of tricks some technical chops, so we'll be happy to overview more technical facts as we find out about 'em. They just need to be verified, we can't do much with "my friend said" or "supposedly these guys are hacking up CentOS in their garage" or all of the various claims I've seen flying in the comments and out there on the Internets.
I don't know the percentages of U.S. workers who have been fired at least once, but the attitudes today I would suspect it is extremely high, over 50%. To make matters worse, we have corporate attitudes of "only apply if you have a job" and literally I saw "PhD required, only those with PhDs awarded in the last 2-3 years will be considered" as a job requirement. We have brazen discriminatory ads all over the place and the EEOC is crippled, doesn't do jack about any of this. That's in part this administration and the DOL's fault for not enforcing the existing laws.
Right, the U.S. jobs market is officially insane and really abusive. Beyond the emptiness of realty TV, all of those "Survivor" shows and "competition" shows I think are doing America a huge disservice. It's one big rejection game as if only "one" can "win" and work has now become who will be voted off the Island.
That's just opposite of what one needs to build up a solid workforce or staff for a business. It's all team and turning it into a "only 1 winner" game show ruins trust to be a team.
Cultural differences or not, the deep emotional pain and scars one will leave on one's loved ones lasts for life, never mind the horrific tragedy.
In some countries those who aren't kicking ass and taking names (in so many words) are viewed as failures. In Japan, 57% of suicides were by unemployed. In Japan, it's viewed as a way to get rid of shame. In the US, it's always been the Protestant work ethic ideal. If you worked hard and were successful, that was basically validation that you were a good person/American. If you were unemployed or struggling, you were in so many words, a "loser." Of course that's completely messed up considering reality and the fact that many, many making the hiring/firing decisions are anything but hardworking or brilliant, but that national psyche is too far ingrained over many years. So the people struggling may even understand and accept it's not their fault, but too many other people still with jobs are quick to blame the victim so that they can somehow feel that they will never suffer the same unemployment or struggles. It's also the Horatio Alger lessons, Manifest Destiny, crush all those who get in your way or be a loser mentality still lingering out there (e.g., the snakeoil salesmanship of Trump still celebrated on TV and by some politicians).
So people who feel truly depressed because of the lack of a good job are not only punished once for being unemployed, but also a second time because in America feelings like that are only by those with "mental illness." Of course comparing suicide rates across the globe, including Japan, Sweden, Russia, and other countries for comparison and analysis show that suicides cannot be so quickly dismissed and public authorities shouldn't be so flippant about saying they are all caused by mental problems. Otherwise there would be no correlation between national economic problems and the suicide rates.
I found their answers ridiculous too, why the sentence. We sure do not want to imply someone who is stable, perfectly fine goes off and whacks themselves over a job loss. It is mental illness, if someone is to that point, they need help, immediate help and they should seek help.
No matter what is happening around you, except maybe terminal illness, that is simply not the answer. It's really taking out what life has done on yourself and that should not be for it's not people's fault what is happening. Even if it was their fault, there just isn't reason or justification to hurt oneself.
But I found the answers on government sites trite and "blow off", as if "positive thinking" will magically cure that black state or that economic conditions couldn't push someone over the edge. Gez, people need to know they are not alone and every day I pour over numbers which are actually people. Millions of people in this country are in financial ruin, they are not alone and it's not their fault.
Our society trivializes job loss and they "fire at will" and "fire at random" and a job loss is absolutely devastating. Society is simply supposed to provide economic well being and quality of life to the people and this society acts like jobs are some sort of side effect, after thought, which is should be the #1 primary objective of corporations, businesses, government, policy makers, politicians, economists, legislators.
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