By Unknown Lamer from Slashdot's canada-isn't-real-anyway department
quarterbuck writes "Many politicians, especially in Europe, have used the idea that economic growth is impeded by debt levels above 90% of GDP to justify austerity measures. The academic justification came from a paper and a book by Kenneth Rogoff and Carmen Reinhart. Now researchers at U Mass at Amherst have refuted the study — they find that not only was the data tainted by bad statistics, it also had an Excel error . Apparently when averaging a few GDP numbers in an excel sheet, they did not drag down the cell ranges down properly, excluding Belgium. The supporting website for the book 'This time it is different' has lots of financial information if a reader might want to replicate some of the results."
The Excel error is making the rounds as the
cause of the problems with the study, but it's actually a minor component. The study also ignores some post-WWII data for countries that had a high debt load and high growth, and there's some fishy weighting going on: "The U.K. has 19 years (1946-1964) above 90 percent debt-to-GDP with an average 2.4 percent growth rate. New Zealand has one year in their sample above 90 percent debt-to-GDP with a growth rate of -7.6. These two numbers, 2.4 and -7.6 percent, are given equal weight in the final calculation, as they average the countries equally. Even though there are 19 times as many data points for the U.K."Read Replies (0)
By Soulskill from Slashdot's please-don't-make-this-a-thing department
MojoKid writes "When it comes to creative advertising potential, it's hard to beat a game like SimCity. In most titles, the idea of in-game advertising makes little sense. Sarah Kerrigan doesn't shop at Victoria's Secret, Booker DeWitt is an unlikely fan of Coca-Cola, and the post-apocalyptic setting of Metro 2033 isn't exactly prime McDonald's turf. But SimCity? SimCity is a game where it makes perfect sense to integrate real-world brands. A city filled with familiar logos and advertising is a city that more closely resembles the real world. That's undoubtedly why EA decided to partner with Crest Toothpaste. Yes, toothpaste. And not for in-game advertising, either. The Nissan Leaf DLC that the company launched a few weeks back at least made sense in some context; EV charging stations are going to be an increasingly common site in cities in the future. But the five new SimCity Attractions that the company added in the Crest partnership boggle the mind."
The Escapist points out that this partnership also extends to The Sims Social
, one of EA's Facebook games... which is getting shut down
in a few months.Read Replies (0)
By Soulskill from Slashdot's tomorrow-will-probably-be-a-better-day-for-him department
An anonymous reader writes "Gottfrid Svartholm Warg, a.k.a. 'anakata,' co-founder of The Pirate Bay, has been indicted by a Swedish court on charges of computer hacking and fraud. The prosecuting attorney said, 'A large amount of data from companies and agencies was taken during the hack, including a large amount of personal data, such as personal identity numbers of people with protected identities.' According to Ars, 'The first count of hacking involves allegedly unlawfully using another person's username and password to search Infotorg, a well-known massive privately held commercial database of "private individuals, companies, properties and vehicles." The second count, as previously reported, involves an alleged hack dating back to 2010 of Logica, a Swedish IT firm that contracts with the Swedish tax authority. In March 2012, Logica was hit by an online attack that resulted in around 9,000 Swedes (Google Translate) having their personal identity numbers and names released to the public. ... The third count of hacking, allegedly taking place between July and August 2012, accuses Svartholm Warg of unauthorized access of major Nordic region bank Nordea's computers. The fraud charges accuse Svartholm Warg of allegedly transferring and attempting to transfer money from Nordea to other unauthorized bank accounts.'"Read Replies (0)
By Roblimo from Slashdot's machines-are-getting-smarter-and-stronger-every-day department
(For Inspiration and Recognition of Science and Technology) has robot competitions all over the United States. FIRST was founded by inventor Dean Kamen. According to Wikipedia
he has said that the FIRST competition is the invention he is most proud of, and he predicts that the 1 million students who have taken part in the contests so far will be responsible for some significant technological advances in years to come. In any case, Robert Rozeboom (samzenpus) was at the Michigan FIRST championship
with camcorder in hand, and brought back some great shots of robots at work -- or maybe play. They fired off volleys of Frisbee-like discs, ran into each other, and climbed metal pyramids, either independently or under the control of their human masters. There was a pretty good crowd in the stands, too, to cheer on the robots. Or more likely, to cheer on the robots' human masters, since we're not yet at the point where robot masters invite their robot friends to competitions where they show off their humans.Read Replies (0)
By timothy from Slashdot's now-that-would-be-cool department
The Kickstarter project
we mentioned late last month to bring open source video editor OpenShot to Mac and Windows
as well as its native base of Linux has surpassed its initial funding goal, and now is just shy (just under a thousand dollars shy, at this writing) of reaching all of the items on a revamped list of stretch goals. The only goal on that list not yet funded is a tantalizing one. JonOomph writes "The lead developer has proposed a revolutionary new feature, which would allow users to offload CPU, memory, and disk cache to a local server (or multiple local servers), dramatically increasing the speed of previewing and rendering. The more servers added to the pool, the faster the video editing engine becomes (with the primary limitation being network bandwidth). If the final goal of $40k is reached in the remaining hours, this feature will be added to the next version of OpenShot."
Like all Kickstarter projects, though, there's no actual guarantee
that things will come to pass as hoped; ya pays yer money, and ya takes yer chances.Read Replies (0)