Thursday, August 09, 2012

Nobel economist: Inequality weighs on US economy | Fox News

Nobel economist: Inequality weighs on US economy | Fox News: "To Joseph Stiglitz, the Nobel Prize-winning economist, the economy's strange behavior can be traced to the growing gap between wealthy Americans and everyone else."

Why do we see Nobel prize winners so often making statements about areas in which they didn't win the Nobel prize? This guy got his prize for "research was on screening, a technique used by one economic agent to extract otherwise private information from another." It's like they are saying, "because I got a Nobel in one area, you should believe what I say in other areas." Krugman seems to do that a lot too.

How Apple and Amazon Security Flaws Led to My Epic Hacking | Gadget Lab | Wired.com

How Apple and Amazon Security Flaws Led to My Epic Hacking | Gadget Lab | Wired.com: "the very four digits that Amazon considers unimportant enough to display in the clear on the web are precisely the same ones that Apple considers secure enough to perform identity verification"

"the Apple rep didn’t bother to tell me about the first call concerning my account, despite the 90 minutes I spent on the phone with tech support"

"Apple issued a temporary password. It did this despite the caller’s inability to answer security questions I had set up"

"First you call Amazon and tell them you are the account holder, and want to add a credit card number to the account. All you need is the name on the account, an associated e-mail address, and the billing address. Amazon then allows you to input a new credit card. (Wired used a bogus credit card number from a website that generates fake card numbers that conform with the industry’s published self-check algorithm.) Then you hang up.

Next you call back, and tell Amazon that you’ve lost access to your account. Upon providing a name, billing address, and the new credit card number you gave the company on the prior call, Amazon will allow you to add a new e-mail address to the account. From here, you go to the Amazon website, and send a password reset to the new e-mail account."

Is There a Right to Unionize? - Walter Block - Mises Daily

Is There a Right to Unionize? - Walter Block - Mises Daily: "Yes, theoretically, a labor organization could limit itself to organizing a mass quit unless they got what they wanted. That would indeed be an implication of the law of free association.

But every union with which I am familiar reserves the right to employ violence (that is, to initiate violence) against competing workers — "scabs" — whether in a "blue-collar way" by beating them up, or in a "white collar way" by getting laws passed compelling employers to deal with them, and not with the scabs."

"Why, by the way, is it not "discriminatory," and "hateful," to describe workers willing to take less pay, and to compete with unionized labor, as "scabs"? Should not this be considered on a par with using the "N" word for blacks, or the "K" word for Jews?"