From: Jennifer Usher on


"Phil Carmody" <thefatphil_demunged(a)yahoo.co.uk> wrote in message
news:87r5lymzc3.fsf(a)kilospaz.fatphil.org...

> The best use of CS students working in industry as part of their
> degree is to guarantee that a maintenance programmer can be kept
> in a job for years removing all the crud they put in.

I wasn't thinking in terms of an internship, but something within the
college environment. Otherwise, you have a good point. Of course, the same
thing can probably be said about new graduate working on their first project
after graduation.

--
Jennifer Usher

From: Jennifer Usher on


"Walter Bushell" <proto(a)panix.com> wrote in message
news:proto-F63119.07531329042010(a)news.panix.com...

> Some words are tabooed in some contexts. For example, politicians and
> people in the public eye usually avoid using the word "niggardly" even
> though it is a word of impeccable provenance.

Most people have no idea what the origin of the term is, and will simply
react emotionally.

--
Jennifer Usher

From: Jennifer Usher on


"Huge" <Huge(a)nowhere.much.invalid> wrote in message
news:83vdjaF41nU1(a)mid.individual.net...
> On 2010-04-30, Jennifer Usher <jennisuzan(a)gmail.com> wrote:
>>
>>
>> "Walter Bushell" <proto(a)panix.com> wrote in message
>> news:proto-F63119.07531329042010(a)news.panix.com...
>>
>>> Some words are tabooed in some contexts. For example, politicians and
>>> people in the public eye usually avoid using the word "niggardly" even
>>> though it is a word of impeccable provenance.
>>
>> Most people have no idea what the origin of the term is, and will simply
>> react emotionally.
>
> Too long.
>
> "Most people have no idea."
>
> There. That's better.

True.

--
Jennifer Usher

From: Richard Bos on
Anne & Lynn Wheeler <lynn(a)garlic.com> wrote:

> raltbos(a)xs4all.nl (Richard Bos) writes:
> > Yup. A very corrupt, untrustworthy professional investment adviser, but
> > someone who made his profession out of giving investment advise.
>
> one might claim that it just represented the culture

One might only do so correctly if one left out the word "just". Yes, the
culture around him was corrupt; but he was _the_ prime example of it.

Richard
From: Anne & Lynn Wheeler on
raltbos(a)xs4all.nl (Richard Bos) writes:
> One might only do so correctly if one left out the word "just". Yes, the
> culture around him was corrupt; but he was _the_ prime example of it.

re:
http://www.garlic.com/~lynn/2010h.html#69 Idiotic programming style edicts

something interesting seems to be going on with (at least) my news
server. The post (in this thread) from 26apr mentioning the name
"Madoff" is still at the news server ... but your followup ... my
followup and several other followups ... my news server claims have been
canceled or expired(?).

The person that tried for a decade to get SEC to do something about
Madoff ... testified that environment of transparency and visibility is
more important than new regulation (towards fixing the current
environment). As per previous post ... slightly more than decade ago, I
got called in to enhancing/redoing protocol used in the industry for
doing trades ... but the work was suspended fairly early when it turned
out that a side-effect was significantly increased transparency and
visibility.

The "Madoff" testimony basically said that w/o transparency and
visibility in how things operated ... then the investors are totally
dependent on oversight and regulatory enforcement by the gov. regulatory
agencies ... and during much of the period, the gov. was doing very
little (congress repealing Glass-Steagall, preventing commodity futures
from being regulated, SEC doing little or nothing regarding SOX).

Numerous aspects of the financial mess, in aggregate, are much larger
than Madoff ... and specifically things like AIG are individually
larger. Huge amounts of institutional retirement funds went into
triple-A rated toxic CDOs ... and one of the justifications for current
fed. obfuscation is to not show how big that risk really is (trillions,
not simply billions). The congressional hearings into the rating
agencies had testimony that the unregulated mortgage originators were
paying the rating agencies for triple-A ratings on toxic CDOs when both
the sellers/originators and the rating agencies knew they weren't worth
triple-A rating (claim was that something like $27T in toxic CDOs were
cycled during the period).

Wharton business school article estimated that something like 1000
people are responsible for 80% of the current financial mess and it
would go a long way towards fixing things if the gov. could figure out
how they would loose their jobs. The message in the Madoff hearings was
that the current environment enables all sorts of bad things ... but it
has been in the vested interest of significant parties to maintain the
status quo (a side-effect was enabling Madoff activities).

There have been some articles referencing poor computer risk
applications being responsible ... but the counter has been that the
business people were directing the risk departments to fiddle the inputs
until they got the desired outputs (the increased compensation for the
business people was so large that it eliminated any motivation regarding
what it would do to their institution, the economy, and/or the country).
.... the magnitude of the problem is so large ... that it is way outside
of the bounds of even the worst risk applications (and any common sense
.... unless there are significant financial motivations to
ignore/disregard the indications).

SOX had provision for SEC to do something about rating agencies ... but
nothing other than a report appeared to have been done. It appeared that
SEC was doing so little during the period, that it prompted GAO to start
auditing financial filings of public companies. GAO started database of
the financial filings that they identified as fraudulent and/or
accounting errors (supposedly under SOX, required action by SEC
.... including putting the responsible executives in jail).

some recent posts reference gao audit/database:
http://www.garlic.com/~lynn/2010.html#36 Happy DEC-10 Day
http://www.garlic.com/~lynn/2010b.html#81 Happy DEC-10 Day
http://www.garlic.com/~lynn/2010f.html#33 The 2010 Census
http://www.garlic.com/~lynn/2010h.html#15 The Revolving Door and S.E.C. Enforcement
http://www.garlic.com/~lynn/2010h.html#16 The Revolving Door and S.E.C. Enforcement
http://www.garlic.com/~lynn/2010h.html#67 The Python and the Mongoose: it helps if you know the rules of engagement

--
42yrs virtualization experience (since Jan68), online at home since Mar1970