* Posts by paulf

1250 publicly visible posts • joined 25 Aug 2009

UK parcel firm Yodel plugs tracking app's random yaps about where on map to snap up strangers' tat

paulf
Thumb Up

Re: A moral obligation

Wollacotts? +1 for them!

paulf
Meh

Re: A moral obligation

I'll raise you my experience with Jessops. I bought a Canon dSLR in 2008 (I think). Even bought the extras from them (memory card, bag etc) as they'd spent an hour or more letting me try different makes/models then put together a package price for the lot. Total cost was about £1300 including their 3 year extended warranty. I went for their deal after going to get a coffee to think about it (and making sure I wasn't being completely stiffed against the online prices). I even went back to the same store variously to get photos printed.

Fast forward 3 years and the kit lens failed about a month after the extended warranty ended. It was a known fault with a weak flexible cable inside. I contacted them in the hope they could still help and perhaps offer a reduced price repair as it was so close to the end of my warranty. No. They refused to deal with me unless I first sent it off for their paid for fault finding service (£50) and I was then expected to pay a further £100 to complete the repair or get my faulty lens back, lose the £50 and take my chance complaining to them to get a reduced price repair.

At first Canon also weren't that interested until I contacted the head of Canon Europe. Very quickly the lens was repaired for free, along with any other faults on my camera, and they, coughs, encouraged Jessops to refund my repair fee. Jessops declined but did give me a £200 gift card instead.

By the time I bought my next Camera Jessops had gone bust (again) and were under new owners. Regardless I wouldn't have bought from them again anyway after that experience. My next camera (£5000) was bought from a specialist online photographic retailer who were excellent.

I completely agree with commentards above - if you try before you buy in a high street shop at least give them the chance to compete with the online price and factor in that they've spent time helping with your purchasing decision in a way an online retailer wouldn't. I did it when I bought a new set of speakers in 2001 - the local trader (who let me clutter up their demo room for an hour one Saturday) even delivered them to my house at a time convenient to me for free. The speakers are still serving me well today!

A little product renaming here, a little RISC-V magic there, some extra performance, and voila – Imagination's 10th-gen PowerVR is born

paulf

Re: And driver support?

I seem to recall I had an STB graphics card in my Gateway 2000 Pentium 2 computer about 20 odd years ago, and that had an S3 Virge chipset. The STB drivers for the card were utterly awful - seconds per frame performance. I managed to track down the reference chipset drivers from S3 and they were superb with decent 3D performance. I can still remember playing Touring Car on that machine, to the envy of my friends at University!

Buy Amazon's tiny $99 keyboard so you can make terrible AI music for all your friends

paulf
Gimp

Re: Oh well

@doublelayer "will wreck the muscle memory that can be key to advanced fingering techniques"

Upvoted primarily because my mind seems to be in the gutter this morning.

We've found it... the last shred of human decency in an IT director – all for a poxy Unix engineer

paulf
Childcatcher

Re: The senior manager wearing a mob cap and apron

Friday afternoon biscuit sounds like an euphemism!

paulf
Alert

Re: The senior manager wearing a mob cap and apron

It's an interesting one - time and motion study with respect to total overall cost, or saving £1 in one go but costing £50 in a thousand instalments.

At "paulf&co" we used to have our mugs collected from our desks in the evenings by the cleaners. They'd be put through the dishwasher in the evening with a cupboard full of clean mugs ready for use the next morning.

Then the property management department decided to cut this to reduce the cleaning bill. Now everyone has to take their own mug back to the kitchen at the end of the day. Those leaving in a rush either don't bother or leave their desk 5 minutes to leave via the kitchen because the kitchens are at the other end of the building to the only exit. As a result many mugs don't return to the kitchen until the following day resulting in shortages. This means even more people hang on to their mugs each night to avoid spending ages trying to find one the next morning (another cost!), perpetuating the problem.

So having saved the equivalent of one slave wage cleaning contractor for the evening, it costs the company at least 5 mins * 400 people each day in lost productivity. As hard as the cleaners do work, they don't put in 5*400 minutes each night.

I tried to explain this to HR in an Employee Council meeting and just got blank looks as their limited brain power struggled with the concept that the saving now may not be an actual saving....

Where's the rocking back and forward quietly weeping icon.

paulf
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Re: I admitted to a rather costly mistake that was all down to me

@Tom 7 "sent the tape to production"

Not just respect for fessing up, but also that this was long enough ago that "Tape out [from a semiconductor project]" actually meant sending a tape of the design to manufacturing and not just uploading it to TSMC/GF/etc.

Uni of London loses attempt to block mobe mast surveyors from Paddington rooftop

paulf
Flame

Re: Vodafone's London HQ also a NIMBY?

The added benefit of that is there'd be no need to install heating for the meat bags on the top floor, especially when Barry in reception decides to stream something from Youtube, in HD, over 3G.

paulf
Trollface

Re: Vodafone's London HQ also a NIMBY?

Surely the better option would be for Global HQ to call Customer Service on 191 and threaten to leave because of poor signal. They might be able to blag a few free Sure Signal pico cells which would sort it out nicely. /s

Christmas in tatters for Nottinghamshire tots after mayor tells them Santa's too busy

paulf
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Re: I have it on good authority ..

+100 for the Spitting Image video ("Santa Claus Is On The Dole"), which I don't remember from the first time around. That made me all misty eyed for the days of decent telly satire - it was a sad day when Spitting Image was snuffed out. Shesh - even the self satirising politics of today still needs the weekly kick up the arse that Spitting Image used to dish out.

On a slightly related note it reminded me of one of my favourite Spitting Image songs: Spitting Image - The Christmas Singles although for some reason that version has edited one of the best bits which was:

#Take Every Christmas Single; Take every Record back; Load them onto an Aeroplane; and dump them on Iraq# (it was televised in 1990 I think)

Now it makes lyrical reference to Milton Keynes instead of Iraq despite still having the footage of Saddam Hussein getting a vinyl deluge. Perhaps Saddam lived in Milton Kenyes because he had a particular love of round-a-bouts and the grid system?

Xerox: Prepare to say cyan-ara, HP Inc. We're no paper tiger. We're really very serious about that hostile takeover

paulf
Meh

Re: Smaller company attempting a hostile takeover?

FTA: "We have already received inquiries from several HP shareholders and are encouraged by their interest in our offer,” Visentin added." And now Xerox have released the names of all of them:

Mr Carl Icahn

Mr Karl Bicahn

Mr IMNT Cicahn

Halfords invents radio signals that don't travel at the speed of light

paulf

Re: Definition

True that DAB+ uses better AAC compression, but it's also not backward compatible with DAB only receivers. Fine if you're operating a commercial multiplex and want "more stations" over "sound quality" and don't care that it rules out a few older receivers from your TAM; but not much good for things like the BBC National Multiplex which sticks with DAB operation (and it's crappy MP2 compression) because if they switched to DAB+ there'd be a lot of older DAB receivers that would be immediately obsolete. This is the problem of being an early adopter on this tech. Other countries, like Norway, who adopted DAB later, have gone exclusively DAB+.

Brexit bad boy Arron Banks' Twitter account hacked: Private messages put online

paulf
Coat

The Streisand Effect

"El Reg is not completely sure how that works, or if [Andy Wigmore has] heard of the Streisand Effect."

The first rule of The Streisand Effect is everyone knows about The Streisand Effect.

Magic Leap's CFO and creative director quit, and it's not a harbinger of doom or anything

paulf
Alert

Re: Sing after me ....... "Money makes <etc>

It's funny you should mention WeWork. I was about to ask if Softbank were involved in all these funding rounds since they seem to like investing massive amounts of cash in money furnaces(tm) like WeWork (or at least companies where it's not clear how they will get their RoI after an eye watering take over premium).

According to this Softbank weren't involved in the Magic Leap fund raisings. Imagine being such obvious vapour ware that even Softbank aren't interested!

Apple's credit card caper probed over sexism claims – after women screwed over on limits

paulf
Alert

Re: Not the consumer's problem, surely

Neither of my cards charge an annual fee. Direct Debit pays off the balance in full each month automagically.

Replacements aren't difficult to sort providing you have the means to call your card issuer (i.e. a working phone and signal) and you're at home as they usually insist on sending the new one to the card holder's registered address because security and all that. Then. as @katrinab notes, what do you do in the mean time? If you're used to using a credit card for absolutely everything it becomes a significantly more fucking difficult world to navigate if you're suddenly using those paper rectangles with the intricate art to pay for things again!

paulf
Holmes

Re: Sex as a cheap substitute

@sbt, "Also, why do millionaires need another credit card? I have one with a pretty decent limit and am not a millionaire. These days, it's not like some places only take one brand of card, particularly if you've got one of the big two."

I'm not a millionaire by a very long chalk - nor do I expect to be unless I win the lottery! I do have two credit cards though. One with Bank A on Visa, the other with completely unrelated Bank B* on Mastercard.

I've never come close to the credit limits on either of them (and definitely not combined!) but this is simple system redundancy (this is a tech site, right?). When one bank or clearing processor has a brain fart and the system goes TITSUP** I have an alternative that should still work.

As an aside, I seem to recall a very early episode of South Park which, in their typical rude style, portrayed a female only class being taught the essential skill of how to find a suitable man to marry. The teacher said two credit cards is the right number. Someone with one card probably can't get a second because they're poor. Someone with loads of cards likely has money problems and big debts!

*Unrelated as in they're not part of the same group, or using the same back end platform.

**Total Inability to Support User Payments?

Morrisons is to blame for 100k payroll theft and leak, say 9,000 workers

paulf
Coat

Coughs: "Take the F from way? But, there's no F in way!"

Editors notes: "F in way" becomes a homonym for the phrasing "Effing Way" i.e. there's no fucking way [you could do that thing].

paulf
Headmaster

Again, not totally correct. The US subsidiary of Safeway was bought by Argyll foods in 1987 (Presto was their main chain - with advert jingle "You'll be impressed, in Presto"). Argyll eventually renamed itself Safeway PLC, and it was this that Morrisons offered to acquire in 2003 (completion about a year later).

Virgin Media dumps BT's mobile network to hop into bed with Vodafone

paulf
Pirate

Re: Website Update

They'd probably just swap Vodafone for EE because Marketing.

Socket to the energy bill: 5-bed home with stupid number of power outlets leaves us asking... why?

paulf
Alert

I recall my dad rented a small farm house cottage in Cornwall some years ago. Despite being 1986 the whole house still had it's BS546 round pin sockets. This limited the number of things that could be plugged in due to the lack of adaptors to convert to square pin sockets. To put this in context the current BS1363 square pin plug system was introduced in 1947 so this house was monstrously out of date.

Slightly off topic but recalled partly due to your comment, and partly because I'm partial to a pint of Korev too.

Profits dip at BT while troubled biz steams ahead with restructuring

paulf
Boffin

Re: Yes, but ..

Even if you look at, what I assume, they meant: they connect a subscriber line to FTTP every 26 seconds, I'm still not convinced it's that impressive.

Once every 26 seconds -> 1.2million per year.

There are 27.6 million households in the UK as of 2018.

On the rather flimsy assumption that each household is equally difficult to connect to fibre, and discounting business premises:

27.6 / 1.2 = 23 years to do everyone at the current rate. That's not accurate since some premises already have connection to Openretch FTTP or Vermin Media but it gives a good indication that "Every 26 seconds" is a much better soundbite than "It'll take us at least another 15 years to get everyone connected to fibre"

Boffins blow hot and cold over li-ion battery that can cut leccy car recharging to '10 mins'

paulf
Alert

Re: Charge or just swap the batteries?

Personally I'm not convinced about OLE for road lorries. We get enough problems on the railways when a faulty Pantograph or misaligned contact wire leads to the whole lot being torn down at 125mph and taking a day or more for the whole mangled mess to be reinstated (with full closure to traffic to allow the required track possession). The railway system uses a single pantograph with the rails being used as the neutral return whereas the linked story video shows two separate pantographs on the lorry - presumably one live and one neutral - to account for the return path. That makes it even more prone to failure. There's a very good reason why the railways use a single phase supply!

Plus the railway is a closed environment so easier to keep people away from the overhead wires. People on roads aren't used to bare electric cables so close to the tarmac and I can see plenty of electrocutions.

paulf
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Re: Charge or just swap the batteries?

You are right @Is It Me. I guess you had the same book? The big futuristic drawing in the book showed a variety of robotic machinery to push the old battery out and the new one in, while a conveyor was used to move freshly charged batteries into place underneath the forecourt. The Charging area was also underground to make efficient use of space. There certainly wasn't any intention for the swap to be done by some old guy with overalls and an oily rag!

Clearly the design of the car and the refuelling station would be specified to make the swap as quick and durable as possible to allow for car drivers that won't stop in exactly the right place. For something written in the 1980s it was, as I recall, a pretty well thought through solution even if the technology back then wasn't necessarily up to electric vehicles more powerful than a Milk Floats.

paulf
Joke

Re: Charge or just swap the batteries?

It was suggested in Viz some years ago that people owning a Nissan Micra should attach a sparkler to the top of the roof. Since they are usually driven like dodgem cars they might as well look like them too!

paulf
Alert

Charge or just swap the batteries?

I seem to recall the techy books* I had when I was younger pointed to an electric car future but the cars would have exchangeable batteries. Visiting a Petrol charging station would be a five minute affair involving swapping the discharged batteries for freshly charged units. Batteries could then be charged over longer periods from the grid or local wind/solar. Even that long ago they realised charging was the bottleneck and a quicker solution would involve charging the batteries separate from the car. The downside of this is it means batteries supplying traction current (ratings, voltage, potentially capacity, size, shape, mass) would have to be constant across manufacturers.

There'd also be a change to the way the car owner pays for batteries. I looked at the Nissan Leaf two years ago (I was at risk of having to start driving to work). There were two capacity levels, and either buy outright with a 5 year warranty or lease them. Leasing cost more over 5 years but that's unsurprising with the "Peace of mind" premium. I guess that'd change to some kind of lease from a central "Battery Co" so you lease one set of batteries with your car and it's then up to Battery Co to replace them when they get returned for refuelling.

It's not clear if this option has been considered and dismissed or not?

*It was probably some Usborne book or another - I think I had quite a lot of those!

WTF? Apple iPhones shrank by more than $22bn in fiscal '19

paulf
Happy

Re: The Thrill Is Gone

I'm still using my old iPhone 4S for my other number*. It runs iOS 7.1.2. fine, so isn't hobbled by the mess that was iOS 8, and is still in decent condition despite the occasional drop (from my PoV the 4S was the high water mark in iPhone build quality). It only uses WiFi, because it's on a super cheap plan with no data, and that's normally turned off. Frankly the only reason I'd replace it is the miserable battery life but it's good enough for my purposes, and in fairness it is 8 years old and on its original battery.

* The "burner" number that is given to companies who insist on having my phone number to plaster across the address label of my deliveries then spam me with texts. They don't get my main number.

While Apple fanbois rage at Catalina, iGiant quietly drops iOS and macOS security patches

paulf
Meh

Re: Apple software quality seems to be definitely dropping...

I think you mean ex-Boeing PHBs.

paulf
Coat

Re: Apple software quality seems to be definitely dropping...

I'd suffix that advice by suggesting caution around the last version of a major release, too.

I was quite happily using iOS 12.3.1, with the locations of all bugs I might hit noted and worked around. About a week after 12.4.1 was released I updated thinking I ought to pick up the last stable release in 12.x so I don't have to rush into the alpha beta testing that would be 13.0 and 13.1. Now whenever I plug the jesus Mobe into my Mac it demands my passcode to trust it. EVERY. FUCKING. TIME. Regardless of selecting Trust or Don't Trust it never remembers the response like it did in 12.3.1. I'm now stuck with this until 13.x becomes stable - I could be in for a wait judging from the problems in 13.2...

Perhaps this is more an iOS thing than macOS?

Yes, that's my coat. With the tinfoil hat in it.

You'e yping i wong: macOS Catalina stops Twitter desktop app from accepting B, L, M, R, and T in passwords

paulf
Gimp

Re: Steve Jobs

I can imagine that, as a Dev at Apple, the risk of Jobs showing up at YOUR desk to have a screaming tantrum discuss a problematic bug he'd identified, then bursting into tears agreeing to review your fix personally while offering constructive feedback certainly kept you focused on making sure things worked. Telling department heads that any major bugs will mean they'll be picking up their bollocks with a dustpan and brush held personally accountable probably also focused minds.

I guess a visit from "Call me Tim" just doesn't carry the same, ahem, motivational gravitas.

WhatsApp slaps app hacker chaps on the rack for booby-trapped chat: NSO Group accused of illegal hacking by Facebook

paulf
Coat

Facebook: STOP STEALING...

our customers data business model.

Aw, bad day at your air-conditioned, somewhat clean desk? Try shifting a 40-tonne fatberg

paulf
Mushroom

Re: The guys...

One of my friends used to work for a company that contracted for the sewage side of things at one of the water companies in England. He used to have regular vaccinations (and I think tests) for things like Hepatitis (plus others) due to the risk of infection from being so close to sewage. He was glad to get away from that crap.

Mobile operators say they'll go halfsies with UK.gov on £1bn network to bring 4G to rural folk

paulf
Meh

Re: 4G Old Hat

It's interesting to note that this will be a single network that all MNOs can access (presumably including their associated MVNOs). Is this the MNOs testing the water on a being able to form a single infrastructure mobile network through a full merger of Cornerstone (Voda+O2) with MBNL (EE + Three)?

Remember the 1980s? Oversized shoulder pads, Metal Mickey and... sticky keyboards?

paulf
Flame

Re: Tobacco smoke

Apologies as a little off thread. When I find myself doing my weekend thing of playing trains (UK) it's interesting to note the older locos* having an ashtray built into the desk next to the driver's seat. Usually the hinged flip upside down to empty type. I can't help speculating that if not included already they were mandated by the union!

*Diesel locos of course. Steam locos have their ash pan tray under the firebox!

paulf
Go

At paulf&co, I got a SUN USB keyboard with my Unix development machine about 11 years ago. I kept using it when we got shunted to Windows boxen and it survived until earlier this year when I managed to dribble some redbush tea on it (no milk or sugar). It wasn't clear if it was coincidence or caused by the tea but several keys promptly stopped working. More immediately there was much hilarious (!) shenanigans trying to unlock my Windows 7 machine as my password required one or more of the failed keys, and plugging in a new keyboard failed because the locked machine failed to accept anything being plugged in while locked (fair enough). Had to use the screen point and click keyboard to unlock in the end when no one was looking.

Anyway, I took it home and dismantled to find one of the connection tracks on the flexible plastic sheets had apparently been corroded by the tea, causing the failure. In the end I bought a track repair pen to fix the corroded track, cleaned it up and it's as good as new!

A cautionary, Thames Watery tale on how not to look phishy: 'Click here to re-register!'

paulf
Terminator

Re: Unsure?

It's more than just TW passing customer information to the charlatans at Homeserve. I get them from my current water company, and the previous one before I moved.

Worth noting that anything that looks water company related, but is really spam from Homserve, is marked "Marketing information enclosed" somewhere on the envelope. Just scribble over your address, write "Return to sender not known" and pop in the nearest post box. Let them deal with their own shite. It's never caused a problem back to my water company. Alternatively I open it, and fill the reply paid envelope with a selection of the take away, taxi and estate agent leaflets I get through the door and send it to them. See how they like getting some of my junk mail!

We're going deeper Underground: Vulture clicks claws over London's hidden tracks

paulf
Happy

Re: Worth a visit

I completely agree - the safety case and risk assessment must have been a nightmare to write so it is a credit to all involved. Even if I was able to rest my chin on my knees while going around. (I jest!)

paulf
Thumb Up

Worth a visit

Me and TOH visited Mail Rail and the Postal Museum last year. The journey on the former mail bag train was pretty good, while somewhat cramped for a lanky bloke like me! It was relatively short, compared to the full network, but still interesting to see with interactive presentations that run during the journey. The volunteers there have done an excellent job of getting what is, in essence, a former freight only line working for passengers from the general public to ride on safely.

This tunnel walk is a great addition so will have to book up for it. We've done similar things in the past including the tunnel walk from Rotherhithe to Wapping and back through the Brunel Tunnel (excellent!), and also the visit to Aldwych station (also worthwhile).

The postal museum was pretty good too. The only thing I would say is many of the interactive displays in the Mail Rail site were broken when we visited. I'd like to think they've sorted these out now, and if they haven't the really ought to as they looked pretty interesting (I think one was a demonstration of signalling operations on the line).

Lies, damn lies, and KPIs: Let's not fix the formula until we have someone else to blame

paulf
Holmes

Re: Building entry log

It would be illegal, in England & Wales at least, as it would breach paragraph 14 (2) (f) of The Regulatory Reform (Fire Safety) Order 2005:

(f)emergency doors must not be so locked or fastened that they cannot be easily and immediately opened by any person who may require to use them in an emergency;

but that wasn't the point I was making.

My point was that Manglement are quite happy to use the access control system (like ours and the one mentioned by the AC OP) to log how many hours people spend in the office for their own nefarious purposes. What they won't do is use the access control system for good purposes e.g. checking how many people have successfully evacuated the building in an emergency. This can be achieved by placing badge readers at each Assembly point for people to confirm they have left the building and have made it to the specified muster location.

Fire Wardens counting people out isn't that helpful if they don't know how many have been counted IN, in the first place. This is where the access control system comes in as it does know not just HOW many but also WHO!

paulf
Big Brother

Re: Building entry log

"Paulf & co" moved to a new building about 6 years ago. The new building had entry gates so every entry and exit could be logged (if they wanted to). As a fully paid up cynic, that wouldn't bet against how low Manglement can go (especially what I've seen at paulf & co over the last few years), I've always assumed they do use it to log presence and hours in the building even though this is not officially confirmed/denied. That they don't use it for anything useful (e.g. has everyone successfully evacuated after a fire alarm activation) just increases my cynicism level to "Bitter".

Any one who thinks Manglement / Human Remains wouldn't take the opportunity to log stuff that could be used against employees is being incredibly naive. I cover my arse by keeping my own record of my hours, along with a reason if I have to leave early/arrive late in case I get called on it.

Criminalise British drone fliers, snarl MPs amid crackdown demands

paulf
Coat

Re: Make it like owning a vehicle

Cyclists should have knife licences? and dog licences?

The safest place to save your files is somewhere nobody will ever look

paulf
Meh

Re: A tale as old as time

I can remember at university (late 1990s - Electronics) we had document scanners in the Library but they could only be accessed through a Mac. I felt like such a N00b when I had to ask the Library media assistant how the merry fuck I get my floppy disk back out of this ruddy Apple thing. Having failed to find the mechanical eject button that was so popular on the networked Windows machines I was about to grab a screwdriver from my bag to resolve the problem directly, and with extreme prejudice...

I guess I wasn't the only one as when I got a MacBook Pro in 2010 (old skool with optical drive!) it included an eject button on the keyboard and dragging the CD icon turns the trash icon on the dock into a big eject button.

TalkTalk bollocked after fibre marketing emails found to be full of sh!t

paulf
Meh

@ Jamie Jones "Your Router: Our health check shows you're using one of our latest routers and its firmware is up to date"

So ShitShit are quite open about having back door access to your router such that it reveals details like Model number+revision and Firmware version. Great if you want to find out whether it's been patched to close whatever security holes were in the previous Firmware version I suppose. Also "firmware is up to date" gives false reassurance if the last firmware update was 2 years ago. <Slow hand clap>

EU's top court says tracking cookies require actual consent before scarfing down user data

paulf
Pirate

Re: That was nice

So it seems, but there are still companies that assume consent by default, and require multiple clicks to opt-out (local world news websites in the UK are a good, but only one, example). There are other sites, usually ones that just have an "I Accept" footer banner, as mentioned further up by the OP) where you have to rummage around in the site's "privacy" policy to find out what cookies they place and then visit multiple websites to opt-out of that particular ad-slinger's cookies - usually by identifying yourself and asking them nicely not to track you.

The guidelines are simple: Consent must be clearly and freely given, and must be opt-in. Unfortunately there are many many websites that still think this doesn't apply to them and it'll take the administration of a few mega-fines to shift mindsets....

BBC said it'll pull radio streams from TuneIn to slurp more of your data but nobody noticed till Amazon put its foot in it

paulf

Re: I don't understand

RAJAR is to radio as BARB is to telly

paulf
Big Brother

Re: GDPR?

+1 for the excellent get_iplayer, though I do watch the thumbscrews being tightened ever further and wonder when we'll hit the point where get_iplayer will simply stop working because the BBC will simply block it with prejudice.

IT workers: Speaking truth to douchebags since 1977

paulf
Mushroom

They're also an incredibly useful way to debug things as honest appraisals like that provoke you to think it all through again. This often, at least for me, leads to an "Oh, Bugger!" moment and swift identification of the SNAFU.

WeWork, but We don't IPO: Self-styled techie boarding house calls off cursed stock offering

paulf
Terminator

Re: "VC cash furnace"

It depends where the VCs raise their money from, as to who is ultimately fuelling the VC cash furnaces.

I'd wonder how much money VCs raise from pension funds. If the money they raise is lavished on enriching people like Neumann at WeWork, Uber Bro Kalanick and the like, with the VCs skimming off massive fees for their hard work, while the Pension fund managers are also well remunerated generally regardless of performance; then surely there is only one big loser in all of this? Us minions as our retirement benefits are reduced thanks to these jokers spunking our pension fund cash up the wall. Some might cynically refer to it as Trickle Up Economics (TM).

Yeah I know, conspiracy theorist with an armour plated tin foil hat marked "Muggins".

paulf
Thumb Up

Re: "VC cash furnace"

That (which made me giggle out loud in the paulf & co open plan office) along with the later text, "CEO and aspiring immortal trillionaire Adam Neumann [...] had to step down from the company to spend more time walking around Manhattan barefoot." is some peak (but deserved) snark and has made my Tuesday. Thank you El Reg and Shaun Nichols.

Consumer campaign to keep receiving printed till receipts looks like a good move – on paper

paulf
Mushroom

Re: When I last needed a paper receipt

I think if someone tried to yank my bag off me I'd have dealt with them as I would any mugger and deck them use reasonable force to curtail their attack. That SD would then be explaining to the police why they have attacked me and actually have my possessions. They'd also be facing a civil claim for any damage caused to my possessions. As mentioned by other commentards above, SDs have very few powers, and attempts to detain, obstruct, assault and search won't go down well in court.

WeWon'tWork: CEO Adam Neumann enters Low Earth Orbit to declare, I'm outta here

paulf
Pirate

Re: Is it just me?

And it'll keep happening for as long as charismatic Buzzword Bingo champion Gimboids persuade gullible and greedy financiers with those dangerous words, "This time it'll be different".