Arik Hesseldahl

Recent Posts by Arik Hesseldahl

SEC Wasted $1 Million on Data Storage, Report Finds

The Securities and Exchange Commission wasted $1 million on virtual data storage it bought in 2008, the agency’s internal watchdog said, as part of an investigation into the agency’s procurement practices, Reuters reported. The investigation was into the agency’s purchase of storage gear from Apple and then later a firm called Cloverleaf Systems that was done through a no-bid contact.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work