Word: coded
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...cards, he and IBM engineer Franco Motika set about developing a new generation of smart cards. The recently patented, theftproof card contains a computer chip and features a tiny numerical keypad right on its face. The cardholder inputs a PIN, stored directly in the card's circuitry; the same code must be entered before each use. The PIN turns the card on and generates a unique one-time-only transaction code. For approval, that code has to synch with an algorithm run by the credit-card company's computer. The smart card isn't on the market...
...than now. The college comic of forty years ago was thrust under the door in the darkness of the night and burned by the janitor in the morning. The older generation was not angelic, but it rigorously suppressed or carefully concealed conditions which were not sanctioned by its code. Its goodness consisted largely in restraint and repression...
...problem largely rests in America’s indecision as to whether it wants to tax rich people as highly as other countries do. Some parts of the tax code, like the estate tax (or “death tax,” if you’re talking to a Republican) and corporate taxes, imply that Americans would, on the whole, like to tax the rich. Others, like the various incentives for saving and investment, inevitably favor those who can and do save—the wealthy. Some might argue that this is just a function...
Corporate taxes have been the least funny joke in the absurd tax code for some time now, and it is time for the laughing to stop. The United States spends an absurd amount on both ineffective spending and revenue-raising programs—and this is one of the worst, with well over half of firms taking the federal government for a ride. Instead of trying to beat corporations at their own game, the U.S. would be much better off going after the real target of corporate taxes. The wealthy tend to own more equity and should be taxed directly...
...strict constructionist argument that we can’t violate the “framer’s intent” in updating copyright law or that somehow its fundamental purpose is sacred or inalterable. At the same time, we cannot tolerate the surreptitious enactment of additions to that code that alter it in powerful but inextensible ways just so the old business models of the creative industries are not put at risk. We must instead recognize that sharing and free access to information are fundamental features of the technological world we have stumbled upon, and we must find methods...