Varoufakis spoke with Senior Editor Peter Suderman about what he learned as a video game economist, the failings of his chosen academic profession, and how computer games and virtual online worlds might be the future of macroeconomics.
Read more...The causes of the crapification are legion, but one that is having a bigger impact on health care than is widely recognized is bad information technology implementation. And I don’t mean the healthcare.gov website.
Read more...Satyajit Das reviews Michael Lewis’ book Flash Boys. Das finds it to be deeply flawed,: deficient in its understanding of HFT and not very well written.
Read more...We are delighted to feature this post from Roy Poses, who with his colleagues at Health Care Renewal, have been providing consistently high quality analysis of the often dubious practices and economics of the health care system.
Read more...We are not setting the price. The market is setting the price. We have algorithms to determine what that market is.<
Read more...I remember the days when people were worried about using the Internet for purchases because they weren’t convinced their credit card information would be transmitted securely. It now turns out that a version of Open SSL that has been in production for two years, and on which https and other services like instant messaging, e-mail, and other web applications use has a gaping security hole called the Heartbleed bug.
Read more...PayPal’s new “privacy” policies show how deeply the private surveillance apparatus digs into your life.
Read more...We participated in a Room for Debate forum at the New York Times, on the topic of “Was Marx Right?” Readers are likely to say, “But of course!” Yet Marx had such a large opus and his forecasts were so bold that any fair reading has to come to more nuanced conclusion.
Read more...Bitcoin is getting hammered today.
Read more...We told readers earlier this month that the IRS was well-nigh certain to deem Bitcoin to be property, not a currency, and that would deter its use in commerce. We got pushback from Bitcoin defenders, who tried several lines of argument, basically along the lines of “digital currencies are inevitable” and “the tax authorities are irrelevant”. Today, the IRS issued a release that states that it regards Bitcoin as tradeable property, which will make it cumbersome to use it in commercial transactions.
Read more...You have to give credit where credit is due. Technology leaders like acting on a grand scale, and that apparently includes when they engage in criminal conspiracies.
Read more...Back in the late 1980’s, Rupert Murdoch’s latest fiendish plan for world media domination (there’s a new one every decade or so) centred on pay TV. But as the 1990s rolled in, the media baron focused on a new world to conquer: crypto.
Read more...Normally, I would not continue to give readers the blow-by-blow on our outstanding complaints with the company Yoast, which is best known for its Yoast Wordpress SEO plugin, over a review of our site
Read more...Our bad experience with vendor known as Yoast, in a perverse case of synchronicity, illustrates our theme of the crapification of everything. Nevertheless, we suspect you’ll find our shaggy dog story to be entertaining.
Read more...Bitcoin is not a currency any more than gold bars or collectable baseball cards are. And that has serious implications for this “innovation”.
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