

LNot ðat I can þink of anyþiŋ more uſeleß ðan tryiŋ to replicate paper in an electronic ſcreen.
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L¿Does ðe Point‐haired boß have a buy‐inſtead‐of‐free inſtinct?

Update: Stocks are up big on today’s employment report. In fact, Americans worked less in April than in March: multiply the increase in payrolls by the decline in hours worked, and the total number of working hours fell. Almost all the increase in employment was in retail, hospitality and temp agencies, and probably reflects employers spreading the work around a larger number of workers working fewer hours in order to save on health benefits.
Just after Obama’s re-election we heard Republican leaders explain that Obama had just gotten lucky — the economy was in the recovery phase of a normal business cycle, and Obama caught the right wave. As the stock market rallied through the first four months of 2013 and regained its old peak, the story seemed credible — until a couple of weeks ago, that is.
We’ve had one depressing economic report after another. Employment is barely growing, according to the ADP survey, which showed just 119,000 new jobs created in April and 118,000 in May. The April purchasing managers’ index for manufacturing fell sharply from 54.6 to 52.1 (50 is dead in the water).
The Shadow Government Statistics website calculates the true unemployment rate — the proportion of the working-age population that can work but doesn’t — at 23%. That includes so-called “long-term discouraged workers” not included in the labor force. Even the government’s own broad measure of unemployment still stands at almost 15%, twice the pre-crisis level.
On a GDP basis, the economy grew at an 0.8% rate in the fourth quarter of 2012 and at a 2.5% in the first quarter. That’s just 1.5% without counting inventories. Investment in industrial equipment actually fell during the quarter. It’s an economy that is flying barely above stall speed.
No, Obama didn’t win re-election because the vote happened to occur at the cusp of a normal business cycle recovery. The economy really is that bad. So is Obama. Sadly, so was the Republican ticket.

Why is the economy so bad? According to the usual chatter, it’s because payroll taxes went up and took $140 billion out of personal income during the first quarter. But another big category of personal income — receipts on assets — fell by $125 billion, a hit to personal income almost as big as payroll taxes. And almost all of that was due to lower dividends. It turns out that companies are paying a lot less cash out to stockholders. The S&P 500 dividend per share fell from about $9 to about $8 during the first quarter, and the GDP data indicate that drop occurred throughout the corporate world.
Another sign of economic weakness is that the sales of S&P 500 companies fell by 5% during the quarter. Profits per share, though, were higher. How is the stock market managing to levitate above a busted economy, where the sales growth of top companies can’t even keep up with nominal GDP? Part of the reason is leverage.
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I know you are all focused on the new E-P5 launch but there is a camera that uses exactly the same sensor form the E-M5 and E-P5 and sells for $429 with lens(!). It’s the Olympus E-PM2 at Amazon (Click here), Adorama (Click here) and BHphoto (Click here). If you click on these links you will also notice that the kit version is actually cheaper than the body only! That’s the best quality-price rate you can get right now on a Micro Four Thirds camera. Sorry dear European colluegues, we still have to pay a bit less than 500 Euro to grab it (prices here on Slidoo eBay).
If you don’t care about getting the latest sensor generation than you may check out the E-P3 with kit lens thats ells for $379 at Amazon (Click here).
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More Panasonic deals:
20mm pancake for $335 at Amazon (Click here).
Panasonic G5 for $498 and leading the sales ranking at Amazon (Click here).
GX1 body for $249 at Adorama (Click here).
GX1 with kit lens for $379 at Amazon (Click here).
Olympus Lens Deals:
17mm f/1.8 lens gets a $50 discount at Amazon, Adorama and BHphoto.
12-50mm zoom gets a $50 discount Amazon, Adorama and BHphoto.
12mm prime lens gets a $100 discount Amazon, Adorama and BHphoto.
40-150mm gets a $50 discount Amazon, Adorama and BHphoto.
Olympus Camera Deals:
Up to $100 discount on the E-M5 is back at Amazon, Adorama and BHphoto.
Up to $75 savings on the E-PL5 at Amazon, Adorama and BHphoto.
Up to $75 savings on the E-PM2 at Amazon, Adorama and BHphoto.
Savings also on a huge amount of compact cameras at Amazon (Click here to see the list).
LÐey are cute!
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The AXLE Consortium are pleased to announce the start of the AXLE database research project, funded by European Union under FP7 grant. axleproject.eu
The objectives of the AXLE project are to greatly improve the speed and quality of decision making on real-world data sets. AXLE aims to make these improvements generally available through high quality open source implementations via the PostgreSQL database and Orange data visualisation and data mining tools.
AXLE project members are
Areas of research will include data analysis algorithms for Big Data, advanced hardware architectures, data visualisation and security. Target environments are real-world data in the 10-100 TB range.
"Real world data needs good security too, so we'll be making sure we have high grade security that works well even with high performance requirements", says Simon Riggs, CTO of 2ndQuadrant and Principal Investigator for the AXLE project. "We're very happy that the European Union has recognised the potential of the PostgreSQL database to provide effective database analytics for a broad range of business, research and public services."
First deliverables from the project will be submitted to PostgreSQL version 9.4, available in 2014 and will continue in later releases.
Project updates will be available regularly here as work continues.
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Find out how to set custom CSS on your browser. There are extensions for Chrome and Firefox, and I think all modern browsers have this feature.
Edit the CSS for reddit.com, adding a rule like this:
.score, .karma, .userkarma, .rank, .upvotes, .downvotes { display: none; }
Here’s how it will look like:


There will still be upvote/downvote arrows, comment counts, and orangered envelopes—features that can be evil, but are useful for moderation, sorting, discussion &c. But there will be no imaginary Internet points to manipulate your psychology and keep you hooked. If you choose your sub-reddits well, reddit can even be productive!
This was inspired by how Slashdot, the pioneer in user moderation, used to hide the numeric value of people’s karma, “because otherwise it becomes a videogame”.
LI ſeem to remember ðey have been tryiŋ ðat ſince ðe beginniŋ of ðe millennium…
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