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Blog Updates
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A Few Reforms
No, this isn't a list of New Year's resolutions, I don't do that. Instead I've come up with a few reforms to our legal system that I believe would change things for the better. These are in order of importance.1. No Limited Liability for CorporationsDon't panic, I'm not talking about eliminating limited liability completely. Instead, I think that only natural persons should be eligible for limited liability. For instance, if Corporation A owns 30% of Corporation B, and Corporation B goes out of business with debts of $100 million, then Corporation A is responsible for $30 million. The reasoning behind this is to prevent corporations from creating under-capitalized sub-corporations in ...
Posted Dec 28, 2011 10:27 AM by Andrew Madigan
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Why I Don't Like Christmas
In this time when everyone is complaining that stores are putting out Christmas decorations too early, I thought I'd put my thoughts "on paper".I don't care for Christmas, or at least not the way it's celebrated in the U.S. It's far too materialistic and religious, it's as though we as a people feel bad about spending so much money, so we go to church for 'absolution' to make ourselves feel better about something we really know is wrong. Like ridiculously skinny models in teen magazines, it creates a stereotype that few can live up to. Families rack up huge credit card bills to keep up with the Joneses, at a time when financially ...
Posted Nov 9, 2011 10:02 AM by Andrew Madigan
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Google+
I've started using Google+, so far to me it basically seems like Google's Facebook, but with better privacy controls. I started using Facebook at RIT, before it was open to high schools or the public. It's different now, with games and advertisements galore. I wonder what Google+ will look like in a few years. For now, it's very nice.My profile is at https://plus.google.com/117878878006885806401/about. I grabbed an image (which had a very permissive license) from http://theoatmeal.com/comics/state_web_summer and added text to the sign. You can see it, it's currently my profile picture. Google crops the image a bit, the complete image is https://picasaweb.google ...
Posted Jul 26, 2011 6:15 PM by Andrew Madigan
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Now working at Element K
I've left Paychex for greener pastures at Element K, which sells a hosted learning management solution. I'm very happy there thus far.
Posted Jul 26, 2011 6:09 PM by Andrew Madigan
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Predictions on Debit Interchange Rules
Over the next two years, debit cards are going to change. In January 2012, the fee that merchants pay for debit card transactions from large banks will be capped at 12 cents. In January 2013, all debit cards (regardless of bank size) will have to support two unaffiliated payment networks (the idea being that the networks will compete on fees). Here's my predictions on the results:1. No change in pricesThe idea behind these rules was to reduce the fees paid by merchants, perhaps with the hope that this savings would be passed on to consumers. This is a fantasy, similar rules are in place in Australia - with no effect on prices. Current fees are in the 2 ...
Posted Feb 9, 2011 9:23 AM by Andrew Madigan
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