"When I pulled up that first chart, we saw 'the knife,' we said, that's certainly algorithmic and that is weird. We continued to refine our software, honing the algorithms we use to find this stuff," Donovan told me. Now that he knows where and how to look, he could spend all day for weeks just picking out these patterns in the market data. The examples that he posts online are just the ones that look the most interesting, but at any given moment, some kind of bot is making moves like this in the stock exchange.
Algorithmic trading is a pretty wild and wooly area. Who would've thought to look at millisecond-level data?
Now I'm willing to concede that Muno looks like a giant gnobbly dildo and Fufa a friendly pink butt plug, so I suppose it's a reasonable mistake to make.
It'd be a real shame if details of Gerry Harvey and Harvey Norman's tax arrangements leaked out. Terrible really.
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Your recent campaign to get GST levied on all Internet transactions has some rather major logical flaws.
Example 1: Women's Weekly Kids' Birthday CakesCheapest foreign sale, AUD$10.61 delivered.Cheapest Australian sale, AUD$18 delivered.Price difference: 41%.Price difference without delivery: 8% (though to be fair, the cheapest price without freight was 44% cheaper).Example 2: The Songs of Sapa, by Luke NguyenCheapest foreign sale, AUD$38.15 delivered.Cheapest Australian sale, AUD$56.39 delivered.Price difference: 32%.Price difference without delivery: 58% (clearly The Nile loads their "free" freight into the book price).Example 3: Zero History by William GibsonCheapest foreign sale, AUD$18.33 delivered.Cheapest Australian sale, AUD$25.57 delivered.Price difference: 28%.(both sources load freight into the price)Cheapest foreign sale, AUD$4.02 delivered.Cheapest Australian sale, AUD$18.04 (for the Australian edition).Price difference: 78%.(both sources load freight into the price)
Example 1: D-Link BoxeeStandard US price: US$199.Harvey Norman price: AUD$299.Current US price in AUD: AUD$196.02.Price difference: 34%.Example 2: LG BD570 Blu Ray PlayerCheapest US price: US$169Harvey Norman price: AUD$269Current US price in AUD: AUD$166.51Price difference: 38%.
|Retailer||Online sales?||Full range online?|
|Angus & Robertson||yes||yes|
|Dotti||no||no (but an impressive effort)|
The final nail in the coffin here is that the cost to collect GST on incoming mail, by opening packages, working out the cost, then having a mechanism to collect the money, would likely cost more than the tax that would actually be collected. Making it useless as a tax revenue. Let's remember that raising tax revenue for government and its services is, after all, the point of taxation. It's not designed as a way to protect the revenue of local businesses!
Of course, the retailers would suggest that in addition to the tax being levied, there also be a "collection fee" added to cover these costs. This would handily bring the price you pay online somewhere closer to their ridiculously overpriced goods. How convenient. And they wouldn't even have to compete on price!
Useful because a) it's great b) has vaguely Big Ben-ish bells on it, but also because playing it marks the inexorable passing of time: watch ex-ravers of a certain age "have it large" before sheepishly heading home at 1am to relieve the babysitter.
Sounds scarily familiar...
- The Seabellies: very talented multi-instrumentalist band. Curious to hear their recorded output, if I can find somewhere to buy it that isn't iTunes.
- Fishing: very difficult to categorize, probably closest example is some of Hudson Mohawke's output (Polyfolk Blues in particular). Amazing live mashing up of their tracks.
- Jinja Safari: Holly saw these guys so I don't really know anything about them.
- Trentemøller: not terribly impressed with his recordings, but his set leading up to New Year's midnight was great.
Festival is great, if insanely hot. Tomorrow is forecast to hit 37 so we're likely to be packed and on our way pretty early.
Disaster struck this morning: broken thong. Being a bloody hippy festival, there's magical rocks for sale, but you think I can buy a pair if regular, petrochemical, industrial thongs? Fortunately Holly's feet are near my size and she's wearing her trustifarian sandals.
Last night I saw Decoder Ring and PVT. Good as usual. Awesome band discoveries were The Seabellies (very slick) and Fishing (kinda Hudson Mohawke wonkiness done mostly live).
Tonight Louis and I ate dressing up with amazing costumes Linn Linn made. Should be very cute.
We've had a lovely day so far. This is watching Washington in the late afternoon.