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Re:Tech bubbles are bursting all over the place by halffaday on Friday May 13, 2022 @11:15PM (#31374801)
Not that long ago, California paid $2B in fraudulent benefits. https://www.latimes.com/california/story/2020-12-07/bank-of-...

That’s a single program. Forget it, Jack. It’s China Town.

Re:Tech bubbles are bursting all over the place by riizade on Saturday May 14, 2022 @06:07PM (#31383098)
There are a lot of ways to compare these numbers, and I think "absolute dollar amount" is not particularly enlightening among them.

On a per-project percentage basis, the parent's story wasted ~100% of the project's budget. The same number for California's unemployment fraud is less than 2% (the program totaled about $110B).

$300M was wasted in an organization that serves (completely spitballing here) maybe ~500k people among all its customer organizations? The California government serves ~40M California residents.

In any case, government waste is likely orders of magnitude more easily uncovered than even public companies' waste. And when we find out, we can lobby for change and vote for policies that adjust the process to hopefully result in less waste.

But when Coca-Cola overpays 10x for some highly-connected contracting firm to build them some shoddy CRUD software for an internal process we'll probably never heard about it due to a combination of lack of transparency and lack of reporting interest. If we do hear about it, there is no real avenue for lobbying for the change of Coca-Cola policy.

That's not even mentioning that Coca-Cola's entire existence could be (rightfully, in my mind) considered corporate waste because their products actively harm the world, which is a claim much more difficult to apply to the DMV or the California government as a whole.

Re:Tech bubbles are bursting all over the place by JJMcJ on Monday May 23, 2022 @03:02PM (#31483538)
> overpays 10x

That's more or less the business model for some consulting companies.

Re:Tech bubbles are bursting all over the place by JJMcJ on Monday May 23, 2022 @02:59PM (#31483496)
That was during an unprecedented event, when March/April/May 2000 saw millions of UI claims filed in a very short period.

Eventually it was sorted out but at considerable human cost. As of Jan 1 2021 something like 1.5 million claimants had their benefits stopped until they had shown proof of identity. It took months to get it all straightened out, especially for people who didn't have drivers licenses, for example.

Re:Tech bubbles are bursting all over the place by nobody9999 on Saturday May 14, 2022 @03:26AM (#31375825)
Do you specialize in non-sequiturs?