Tag Archives: Business

You Probably Agreed to NSA Snooping When You Accepted That Website’s Terms of Service


By Victor Luckerson – Tucked away in those long paragraphs of legalese on pretty much every major Internet website (including Time.com) is a clause about how a business will handle your private data when the feds come knocking. In general, these companies grant themselves wide latitude. Yahoo says it might hand out your data to investigate or prevent “situations involving potential threats to the physical safety of any person.” Facebook will respond to a court order, search warrant or other legal request “if we have a good faith belief that the law requires us to do so.” Apple provides user data to government agencies if “for purposes of national security, law enforcement, or other issues of public importance, disclosure is necessary or appropriate.”

Whatever the case, the now-acknowledged program takes data collection to a scope beyond what many users likely expected and possibly beyond what some companies’ terms of service allow. more> http://tinyurl.com/kl56mmw

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Buying into Big Brother


BOOK REVIEW

Keynes Hayek: The Clash That Defined Modern Economics, Author: Nicholas Wapshott.

Nineteen Eighty-Four, Author: George Orwell.

By Nicholas Wapshott – Some, like Google and Facebook, pose primarily as software companies when their main revenue source, and their main business, is to mine data and sell advertisers access to customers. We knew this already, of course, though it seems many of us would prefer to forget the true nature of the technology firms that have boomed in the last decade. Seduced by their dazzling baubles, we have bought in to Big Brother without truly understanding the true price we are paying and will continue to pay for access to their brave new world.

We all use George Orwell’s phrase “Big Brother” to describe an overweening state. Just as telling about the way big government and big business treat small people, however, is Orwell’s satire on fake democratic slogans: “All animals are equal, but some animals are more equal than others.” more> http://tinyurl.com/nxqh6h7

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Economic worries and the global elite


By Chrystia Freeland – Here’s one sign the global elite is starting to get worried that capitalism isn’t working for the Western middle class. At the TED Global gathering in Scotland’s elegant capital city this week, much of the spotlight was on what’s going wrong with the 21st-century economy.

That matters because the TED conferences are one of the obligatory stops on the itinerary of any self-regarding plutocrat.

Former Prime Minister George Papandreou of Greece is a son of privilege — both his father and grandfather were prime ministers of Greece — but, in a sign of the times, he inveighed against “plutocrats hiding their assets in tax havens” and “powerful lobbies protecting the powerful few.” His comments made an impact partly because he was so open in declaring his own shortcomings. Nor did he shy away from how angry a lot of people are about them. more> http://tinyurl.com/nbs7s3s

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Global shares pummeled, dollar slumps as rout gathers pace


By Marc Jones – World stocks were pummeled and the dollar slumped on Thursday as a sell-off on global financial markets in thrall to central bank stimulus accelerated.

Heavy selling hit the dollar, which slumped 2 percent against the yen as investors spooked by the plummeting Japanese stock market unwound hedges. It fell as low as 93.90 yen, its lowest since April 4.

“So all eyes are on the FOMC meeting next week. There is very little else that matters at the moment,” said Daiwa Securities economist Tobias Blattner. more> http://tinyurl.com/oxebxey

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Palmer Raids Redux: NSA v civil liberties


By Jeffrey Rosen – Though initially supported by Congress, the courts and the press, the 1919 Palmer raids revealed a darker side of the American psyche. They eventually provoked a national backlash, which inspired the formation of the American Civil Liberties Union; led to stirring free speech dissenting opinions from Supreme Court Justices Oliver Wendell Holmes Jr. and Louis Brandeis, and ignited a political counter-movement determined to prevent similar civil liberties abuses in the future.

The Palmer raids also highlight the crucial need for principled resistance within the government as the best way of galvanizing public opposition. The NSA leaker, a 29-year-old former CIA technical assistant named Edward Snowden, has decided to reveal his identity and suffer the consequences. more> http://tinyurl.com/lrs7twg

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