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|Crime / Re: Obama: Vladimir Putin Is No 'chess Master' by Wallie(m): 4:01pm On Dec 23, 2014|
Why can't Nigerians debate an issue without the name-calling? People just open their mouth like they have verbal diarrhea and start raining insults on someone who has a different point of view, and these are people that would meet you in real life and start calling you "sir" even though you're about the same age.
I sometimes wonder why I waste my time coming to this site as I’ve gained almost nothing just insults.
Anyway, continue on with your Tuesday morning armchair quarterbacking…maybe Nigeria will hire you guys as a foreign "analyst."
|Foreign Affairs / Re: USA Shuts Down North Korea's Internet After Sony Hack by Wallie(m): 2:53pm On Dec 23, 2014|
You are mostly correct but you fail to consider that there are various levels of secret weapons. The weapon you would use against China, Russia, or Iran is different from the one you would use against NK, Venezuela, or some other 3rd world country. Whatever was done to NK is not that sophisticated in the grand scheme of things as it seemed to be related to shutting down the power needed for their routers.
There is ALWAYS MAJOR top secret weapons being developed and improved in response to EVERY single country's capability. Take a look at Defense Advanced Research Projects Agency (DARPA), whose motto is "Creating and Preventing Strategic Surprise."
Currently, if you have unique knowledge/idea for a product or service that relates to cyber security, you'll easily get funding by the private sector and/or the government to develop it.
I would even go a step further; if you want to become the next billionaire, develop a solution for corporations that prevents hacking.
EDIT: By the way, you can easily jam satellites by just swamping the bandwidth with very loud "noise." It is even better to send confusing info or wrong info by pretending to be the satellite or the person commanding the satellite.
|Investment / Re: CNN's 10 Most Prosperous African Countries, Nigeria Missing by Wallie(m): 6:18pm On Dec 22, 2014|
Na hunger mess with your brain so or you're just too dumb to get your point across coherently? Either way, you need to lay off the internet and go deal with your immediate problem. Asswipe!
|Crime / Re: Obama: Vladimir Putin Is No 'chess Master' by Wallie(m): 6:09pm On Dec 22, 2014|
Putin acknowledged that Western economic sanctions over Russia's actions in Ukraine was just one factor behind Russia's economic crisis, accounting for roughly 25 to 30 percent of the ruble's troubles.
President Vladimir Putin blamed "external factors" such as oil prices and sanctions for Russia's financial crisis Thursday, but admitted he should have done more to diversify the economy.
|Investment / Re: CNN's 10 Most Prosperous African Countries, Nigeria Missing by Wallie(m): 10:43pm On Dec 18, 2014|
Here's the honest truth....
Nigeria can't be directly compared to most African countries because we face unique challenges due to the size of our population that will make solutions that work in other less populous countries a waste of time/resources over here. You simply cannot just say we should scale up the same solutions; however, when we compare Nigeria to other countries with the same population figure, we are woefully lacking. How does Nigeria compare to Brazil, Pakistan, Bangladesh and Russia? Not favorable by almost any measure.
|Science/Technology / Re: My Personal Experience With Nigerian Patents (say Something) by Wallie(m): 8:18pm On Dec 18, 2014|
What do you want to know? Are you trying to get one or determine its value?
|Investment / Re: CNN's 10 Most Prosperous African Countries, Nigeria Missing by Wallie(m): 8:09pm On Dec 18, 2014|
Let me get this straight - you have a problem with western nations ranking Africans against other Africans? Would you rather have them rank us against other western nations?
Are you also saying you have a problem with anything originating from western nations? If so, I suggest you eliminate 99.9999% of things you use or come across daily because it probably originated from them, especially if you live in a big city.
What you should be concerned about is bias. In this case, the report is there for you to read and if you sense bias, go ahead and post specific examples. Just don’t throw blanket statements out there. Specifically, what in the paper do you have a problem with?
|Investment / Re: CNN's 10 Most Prosperous African Countries, Nigeria Missing by Wallie(m): 7:21pm On Dec 18, 2014|
|Investment / Re: CNN's 10 Most Prosperous African Countries, Nigeria Missing by Wallie(m): 7:08pm On Dec 18, 2014|
Quote from the actual article..
Education is a major pillar of a knowledge economy and a basic human right. Educational achievement leads to improved health and earning potential in the short and long term. Yet education is still a widespread problem in Africa. Consider Nigeria, where improvements in the economy have been substantial but education performance still lags behind.
|Investment / Re: CNN's 10 Most Prosperous African Countries, Nigeria Missing by Wallie(m): 7:00pm On Dec 18, 2014|
South Africa 3
Burkina Faso 14
Congo Republic 21
Côte d'Ivoire 27
Sierra Leone 29
Congo (DR) 37
Central African Republic 38
|Investment / Re: CNN's 10 Most Prosperous African Countries, Nigeria Missing by Wallie(m): 6:49pm On Dec 18, 2014|
This list has ABSOLUTELY nothing to do with CNN. It was published by the Legatum Institute, a charitable public policy think-tank whose mission is to help people lead more prosperous lives.
And before you say "USA" or "America", The Legatum Institute Foundation is a registered charity (number 1140719), and a company limited by guarantee and incorporated in England and Wales (company number 7430903), registered address 11 Charles Street, London, W1J 5DW.
|Investment / Re: CNN's 10 Most Prosperous African Countries, Nigeria Missing by Wallie(m): 6:43pm On Dec 18, 2014|
You guys ever wondered what the criteria to the rating were?
2. Entrepreneurship & Opportunity
6. Safety & Security
7. Personal Freedom
8. Social Capital
How well do you think Nigeria fares in any criterion listed above?
|Business / Re: Angel Investors And Aspiring Entrepreneurs Meet Here. by Wallie(m): 3:26pm On Dec 15, 2014|
A few questions that should get the process going. Whatever business you're pitching should probably be more than just an idea.
1. How many members in your team and where are you located?
2. How long have you been working together on this project/company?
3. In one sentence, tell us what your company does.
4. In one sentence, pitch your product.
5. Why you and your team?
6. Are you Incorporated?
7. What’s the market like? What key assumptions about your market have you validated?
8. How do you plan to make money? Who’s your customer?
9. Why now? Who is your competition and how do you differentiate yourself from them?
10. Describe how the investment you seek will help you lunch a product.
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|Politics / Re: How The Western Media Portrays Africa, China, And India Differently by Wallie(m): 3:51pm On Dec 11, 2014|
Those with power decide what kinds of story we see, hear, or read about. They tell the narration that conforms to their bias and/or believe.
You want to tell a different story, the real story? Attain power. Nobody will listen to you if you're powerless; you'll just die of frustration.
|Politics / Re: Photo: Fashola Unveils Lagos Resident Card by Wallie(m): 3:27pm On Dec 11, 2014|
Why a state issued ID?
1. To know the number of residents in Lagos.
2. To know the population of each local government area.
3. To know which area to focus development (schools, roads, hospitals, power, etc).
4. To know those using the benefits of the state so that they can be taxed.
5. To know those coming to reside in the state and those leaving.
Further, each state has the sole responsibility of governing within its borders not the federal government. The federal government can keep its own set of data for its own purposes but that has nothing to really do with why a particular state would want to know who lives within its own borders.
In the United States, which is a federal republic like Nigeria, every single state has its own resident state ID in addition to the federally granted social security number and passport. The federal government of Nigeria is more concerned about Nigerians and their State of birth. It will be almost impossible for the Federal government to keep up with people moving across state lines to reside in a different state. A state on the other hand can require its resident to get a state issued ID card before using its services. After all, the services where meant for just residents of the state alone and nobody else.
Great development by Fashola!
|Health / Re: My Back Pain Is Killing Me - Pls Help by Wallie(m): 3:17pm On Dec 05, 2014|
You need to go see a doctor to properly diagnose you. Hard to believe people are claiming a known solution when all you've said is "severe-to-chronic lower back pains that has now extended to the upper regions and my sides".
Call Your Doctor About Back Pain If:
|Crime / Re: How I Was Duped Of N465,000 @trans Amadi, PH by Wallie(m): 2:59pm On Dec 05, 2014|
If jazz/jins are truly used in this instance, can you answer the following:
1. Why require the guy to close the door?
Answer - to preoccupy his mind with a different task because he cannot close the door and watch his bag EXACTLY at the same time. If all that was required for jins to act is just close proximity, then the jins should have just switched the money when the guy got into the car. Abi jins no be ghost?
2. Why do occupants of the car reach across his lap to help him close the door?
Answer - so that while one was closing the door and leaning on the guy, the 2nd passenger can perform the switch.
3. Why replace the money with something else?
Answer - so that the guy will continue to think the money is intact because the bag is not empty and has about the same weight to it. If the bag was simply empty, the guy would have raised alarm before the scam artist could get away.
|Crime / Re: How I Was Duped Of N465,000 @trans Amadi, PH by Wallie(m): 4:02am On Dec 05, 2014|
I believe the story but it has nothing to do with jazz just misdirection.
|Health / Re: Are Nigerians Who Reject Free Condoms Hypocrites? by Wallie(m): 11:05pm On Dec 03, 2014|
I think most guys are just shy of being put on the spot.
How many guys would walk into a supermarket in broad day light to go buy a feminine product (pads, tampons, Summer's Eve etc) for their lady friend?
How many guys would have a problem dropping their pants for a “coughing session” in front of a pretty female doctor?
|Politics / Re: Igbo Group Condemn Deliberate Frustration Of Geometric Power Limited Aba by Wallie(m): 10:40pm On Dec 02, 2014|
If Geometrics is simply generating power, why not contract with the government to pump X megawatts into the grid at a certain price per megawatt? It is not as if we have more power supply than we actually need.
|Politics / Re: Igbo Group Condemn Deliberate Frustration Of Geometric Power Limited Aba by Wallie(m): 10:28pm On Dec 02, 2014|
1. Is “Alaoji Power Plant” a power plant or a distribution company because I don’t understand how a power plant can be concessioned to Enugu Electricity Distribution Company PLC.
2. Assuming, everything was indeed consessioned to Enugu Electricity Disco, what type of agreement was in place before Geometrics developed their power plant?
3. Did Geometrics participate in the PHCN privatization bid?
4. Why is Geometrics not going to court, especially, since there was an agreement between Power Holding Company of Nigeria (PHCN) and Geometrics? My guess is that the govt will claim PHCN is no longer in existence but what about their outstanding obligations?
Here’s another reason why investing long term in Nigeria scares me - if you’re not in bed with the government of the day, you’re royally screwed!
|Travel / Re: US Embassy Receives 220,000 Visa Applications by Wallie(m): 3:15pm On Nov 26, 2014|
The real issue with toy guns is that they are made to look like the real thing, especially if the orange cap has been taken off and it is being pointed at you. You have a split second to make a life or death decision.
This is even more true in the US where ANYBODY include kids as young as 6 can get a gun.
Here's someone that's about 5 years old with a loaded gun in his kindergarten class.
6 year old with a .45-caliber handgun in school
|Travel / Re: US Embassy Receives 220,000 Visa Applications by Wallie(m): 3:04pm On Nov 26, 2014|
The toy guns you played with as a kid bears no resemblance to a real gun. Why do you think manufacturers of fake guns are required to put an orange plastic cap on the nozzle of the gun? Can you tell which gun is real or fake in the pics blow?
|Politics / Re: Why Desperate To Go Abroad?: Report From UK Adventure by Wallie(m): 8:31pm On Nov 19, 2014|
You are painting with very broad strokes! I personally know the following types of people currently in the US:
1. Someone that worked at Arthur Andersen in Nigeria before traveling to the US to get her MBA - currently making well over $100k. UNILAG schooled. Came here on scholarship after acing the GMAT. UNILAG schooled.
2. Someone that did his IT (or whatever you call the service after NYSC) at Mobil before traveling to the US to get his MS in engineering - currently making close to $200k as a contractor. UNILAG schooled.
3. Another guy that studied chemical engineering at UNILAG - over $200k
4. A Nigerian guy that owns his own govt contracting business - over $50M made in 7 years
5. A handful of Nigerians that had their first degrees in Nigeria but came here to start college afresh - 1 makes $70k+ out of college and the others are still looking for jobs.
The only thing all these people have in common is their work ethic, schooling and green card/citizenship.
My point is, some will succeed and others will fail. Some never had what it takes to make it in Nigeria or the US. Some have what it takes to make it but lack the papers needed to get a shot; however, if you have what it takes to succeed in the US and can also work legally, there’s a high probability that your lifestyle will be well above average. The same is not true in Nigeria.
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|Science/Technology / Re: Nigerian Scientist's Conversion Of Urine Into Flammable Gases Gets Patent by Wallie(m): 8:23pm On Nov 14, 2014|
I hate to be the bearer of bad news but I doubt the patent is worth anything more than the paper it was written on because Nigeria does not substantively review patents and only check for form. In other words, they just check to see that you filled out the forms correctly (name, address, date, etc) and do not check to see if your claim of turning urine into fuel is credible and not done before.
You want to see patents already granted that converts urine into fuel? If you want the same type of patent they guy got, just copy the details of one of the linked patents below and submit it to Nigerian authorities and they'll give you your own patent number because they have no way of knowing better. This is not meant to be a dig on Nigeria; it is just the truth.
|Politics / Re: Nigeria To Buy Arms From Russia by Wallie(m): 8:08pm On Nov 14, 2014|
I'll be the first to admit that I do not know much about South Africa except apartheid.
I wonder what infrastructures they had in-place that allowed them to develop the know-how to build nuclear, chemical and biological weapons since the 1960s, and was the development completely in-house?
|Politics / Re: We Won’t Sell Fighter Helicopters To Nigeria, US Insists by Wallie(m): 5:03pm On Nov 14, 2014|
You are right that you can achieve anything with enough time and money but thinking that Nigerians can suddenly build a better weaponry or something that can withstand BH’s heat seeking weapons when we lack the knowledge, expertise, high tech factories to make super sensitive sensors, money needed for R&d to develop better materials, and skills needed to better use the stuff is simply illogical.
What do you think the difference is between a US, Chinese, Japanese or South African made aircraft? Most of those countries have access to the same raw materials or fundamental technology. Kinda akin to comparing Honda Accord, BMW M5, Benz E63, Ferrari 458, and Kia Sedona.
Also, would giving you the same pair of soccer boots worn by Messi make you just as good a player? Companies that hold these technologies spent billions of dollars to develop the skills and expertise needed, and they will not simply hand it over to ANYBODY.
Even DICON is only manufacturing weapons from WWI & WWII that are ineffective in the 21st century. Why do you think the military is having trouble keeping up with BH with their AK47 and SMGs? Here are the products made by DICON http://dicon.gov.ng/military.html
To develop anything decent, we need to nurture brilliant students from primary school by providing them scholarships, hire them when they graduate into a technology area bolstered by the government, encourage competition and collaboration between companies in that technology area and then award contracts to the companies that can deliver.
What we lack is skill (not intelligence) and with time we can develop the skills needed as long as someone is nurturing it. Extremely brilliant people should be doing r&d and not working in the banking sector or rotting away due to lack of opportunities.
The US is great because extremely brilliant people from around the world are courted. The government and companies are always willing to throw money at the next genius from anywhere just to get an edge over the competition. Even Ethopia spends more money on r&d than Nigeria because we did not even make the list!
|Foreign Affairs / Re: Evidence That Putin Is Strongest Man And Obama Is A Filthy Whimpering Dog by Wallie(m): 11:14pm On Nov 11, 2014|
I think this thread is funny!
Whenever someone is trying too hard to prove their strength, it is usually because they're insecure and soft inside. I’m guessing Putin has short man syndrome (Napoleonic complex)?
Have you ever seen a martial arts expert or a professional boxer pick a fight? Rarely happens because they’re confident in their abilities and would only resort to defending themselves when forced to. All that stuff Putin is doing “na demo” just like most of those area boys in Lagos – all bark and no bite.
|Politics / Re: Latest Oil Price: $44 per Barrel - Crisis Looming by Wallie(m): 3:07pm On Nov 04, 2014|
I think your infatuation with the US is clouding your ability to see issues objectively. Just so you know the US stands to lose if the price of oil goes below $70 per barrel because the oil produced by fracking cost about $62 per barrel unlike the oil produced from Saudi Arabia that's about $32 per barrel.
I'll help you make the connections: look to the Saudi's for the declining price of oil. They are either dumping more oil in the market to force the US to slow production or trying to protect their market share. Either way, if the price of oil goes below $70 per barrel, production and investments in shale oil will dwindle because companies in the US will be making less profit and will invest elsewhere.
What's going on has absolutely nothing to do with Nigeria.
Oil prices were in free fall on Tuesday morning after it emerged that Saudi Arabia, the world's largest exporter, had slashed its contract price for its US customers in a further sign of an escalating war for control of global energy markets.
|Politics / Re: Defection: PDP Demands Tambuwal's Resignation by Wallie(m): 8:12pm On Oct 28, 2014|
One does not necessarily have to be from the majority party to be elected speaker of the House as any of the two people nominated for the post can attain absolute majority of all votes cast; however, it only makes sense that the person nominated from the majority party win because the party with more people in the House nominated him and will vote for him.
Tambuwal’s defection to APC is a real blow to PDP and I wonder if more reps will follow suit. This means that Tambuwal who has the power to decide what gets heard or done in the House will be doing the bidding of APC (treating them like the majority party in power).
|Celebrities / Re: Regina Askia To Work At Ebola Center In US (She's A Nurse) by Wallie(m): 8:20pm On Oct 24, 2014|
In the US, it is not easy to guess one’s tax rate based on the amount earned because everyone’s situation is unique due to deductions that can reduce one's tax base.
For example, you can deduct Medical and Dental Expenses, Deductible Taxes, Home Mortgage Points,, Interest Expense, Charitable Contributions, Business Use of Home, Business Use of Car, Business Travel Expenses, Business Entertainment Expenses, Educational Expenses, Employee Business Expenses, Casualty, Disaster, and Theft Losses (Including Federally Declared Disaster Areas).
This is the reason you would hear of people making $100 million but pay less tax than someone making $30k per year. Also, she’s capable of making about 200 X 36 X 52 = $374,400 per year because nurses usually work 12 hour shifts and the hospital will need specially trained nurses to monitor any Ebola patient 24 hours per day and 7 days per week.
If she has no deductions to take advantage of, she will probably be in the 33% tax bracket but if she has her own business, home, business car use, she can reduce her effective tax rate and fall to the 28%or lower tax bracket.
Rate Single Filers Married Joint Filers Head of Household Filers
10% $0 to $9,075 $0 to $18,150 $0 to $12,950
15% $9,076 to $36,900 $18,151 to$73,800 $12,951 to $49,400
25% $36,901 to $89,350 $73,801 to $148,850 $49,401 to $127,550
28% $89,351 to $186,350 $148,851 to $226,850 $127,551 to $206,600
33% $186,351 to $405,100 $226,851 to $405,100 $206,601 to $405,100
35% $405,101 to 406,750 $405,101 to 457,600 $405,101 to $432,200
39.6% $406,751+ $457,601+ $432,201+
|Politics / Re: Ebola Must Be Contained In 60 Days Or The World Is In Big Trouble - UN. by Wallie(m): 4:17pm On Oct 15, 2014|
Rejoicing a little too soon, perhaps?
This is a deadly disease that we dodged a bullet on due to luck being on our side. If Ebola becomes a full blown pandemic across neighboring countries do you think our porous border will keep us safe?
We got lucky with the last outbreak because the high level official got sick at the airport and was taking to one of the best clinics in Lagos that treats expatriates.
Can you imagine if the index patient had crossed into Nigeria through Cotonou in a public bus and headed to one of the slums in Lagos? How long do you think it will be before the patient sees a doctor in one of the state hospitals that is capable of testing for Ebola? How many acquaintances, family members, passengers, patients, nurses, and doctors do you think such a person will infect along the way?
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