Tag Archives | Government

Scorched Earth Economics

John (CC BY-SA 2.0)

John (CC BY-SA 2.0)

via Activist Post:

Could rapidly falling oil prices trigger a nightmare scenario for the commodity derivatives market?

The big Wall Street banks did not expect plunging home prices to cause a mortgage-backed securities implosion back in 2008, and their models did not anticipate a decline in the price of oil by more than 40 dollars in less than six months this time either.  If the price of oil stays at this level or goes down even more, someone out there is going to have to absorb some absolutely massive losses.  In some cases, the losses will be absorbed by oil producers, but many of the big players in the industry have already locked in high prices for their oil next year through derivatives contracts.

The companies enter into these derivatives contracts for a couple of reasons.  Number one, many lenders do not want to give them any money unless they can show that they have locked in a price for their oil that is higher than the cost of production.  Secondly, derivatives contracts protect the profits of oil producers from dramatic swings in the marketplace.

Read the rest
Continue Reading

The Biggest Scandal in America Is Its Controlled Press

tanjila ahmed (CC BY 2.0)

tanjila ahmed (CC BY 2.0)

By Eric Zuesse via Global Research:

How many Americans know that the current regime in Ukraine was installed in a very bloody February 2014 coup d’etat, that was planned in the U.S. White House, and overseen by an Assistant Secretary of State, Victoria Nuland, and run by the CIA, and carried out for the White House by one of Ukraine’s two racist-fascist, or nazi, political parties, whose founder and leader still controls Ukraine though not officially, even these many months after his coup, and which nazi party has been up to their elbows since then in a genocidal policy to exterminate the people in the region of Ukraine that had voted approximately 90% for the man whom Obama and those nazis overthrew in February? (Click onto that link, and to the more-detailed evidence that’s linked to there, in order to see the ultimate documentations of this entire horrific history, because it is history now, even though the American public were never informed about it while it was news — while and when it was happening, which it still is.)

And how many Americans know that one of the two main suspects in the bringing-down of the Malaysian MH17 airliner over Ukraine on July 17th has been given veto-power over the report that is to be issued from the official ‘investigation’ of the black boxes and other evidence in the case?

Read the rest
Continue Reading

American cultural imperialism has a new name: GAFA

Duncan Hull (CC BY 2.0)

Duncan Hull (CC BY 2.0)

via Quartz:

In France, there’s a new word: GAFA. It’s an acronym, and it has become a shorthand term for some of the most powerful companies in the world—all American, all tech giants. GAFA stands for Google, Apple, Facebook, and Amazon.

The phrase is used by newspapers, blogs, and talking heads on TV—see here and here and here (all links in French). It even appears in the local version of “The Internet for Dummies.” Le Monde’s economics editor, Alexis Delcambre, tells Quartz that GAFA first appeared in his newspaper in December 2012. “GAFA is not used very often, but when used, it is almost always on critical topics, including taxes or personal data,” he says.

In the US, Google, Apple, Facebook, and Amazon are generally praised as examples of innovation. In the French press, and for much of the rest of Europe, their innovation is often seen in a less positive light—the ugly Americans coming over with innovative approaches to invading personal privacy or new ways to avoid paying their fair share.

Read the rest
Continue Reading

Is AI a Myth?

81cHkXqlUrL

via Institute for Ethics and Emerging Technologies:

A few weeks back the technologist Jaron Lanier gave a provocative talk over at The Edge in which he declared ideas swirling around the current manifestation AI to be a “myth”, and a dangerous myth at that. Yet Lanier was only one of a set of prominent thinkers and technologists who have appeared over the last few months to challenge want they saw as a flawed narrative surrounding recent advances in artificial intelligence.

There was a piece in The New York Review of Books back in October by the most famous skeptic from the last peak in AI – back in the early 1980’s, John Searle. (Relation to the author lost in the mists of time) It was Searle who invented the well-know thought experiment of the “Chinese Room”, which purports to show that a computer can be very clever without actually knowing anything at all.

Read the rest
Continue Reading

DNA survives critical entry into Earth’s atmosphere

Kevin Dooley (CC BY 2.0)

Kevin Dooley (CC BY 2.0)

via Phys.org:

The genetic material DNA can survive a flight through space and re-entry into the earth’s atmosphere—and still pass on genetic information. A team of scientists from UZH obtained these astonishing results during an experiment on the TEXUS-49 research rocket mission.

Applied to the outer shell of the payload section of a rocket using pipettes, small, double-stranded DNA molecules flew into space from Earth and back again. After the launch, space flight, re-entry into Earth’s atmosphere and landing, the so-called plasmid DNA molecules were still found on all the application points on the rocket from the TEXUS-49 mission. And this was not the only surprise: For the most part, the DNA salvaged was even still able to transfer genetic information to bacterial and . “This study provides experimental evidence that the DNA’s genetic information is essentially capable of surviving the of space and the re-entry into Earth’s dense atmosphere,” says study head Professor Oliver Ullrich from the University of Zurich’s Institute of Anatomy.

Read the rest
Continue Reading

Facebook threats and the Supreme Court: a guide to today’s case

John Marino (CC BY 2.0)

John Marino (CC BY 2.0)

via Gigaom:

The Supreme Court on Monday will hear the appeal of a man who went to prison for posting violent rants on Facebook. The case will shape the future of what people can and can’t say online, and is being closely watched by the tech industry, domestic violence groups, and civil libertarians.

Here’s a short overview of the facts and the law, and where to learn more.

What did the man write on Facebook to land in such trouble?

Anthony Elonis, a 31-year-old man from a small town in Pennsylvania, served more than 3 years in prison over a series of Facebook posts in which he threatened to kill his ex-wife, strap a bomb to his chest and shoot up a kindergarten class. Elonis says he never intended to harm anyone, and the Facebook posts — many of them rap lyrics quoting Eminem — were just a way of  a venting, and that the violence he described was no more than hip hop-inspired hyperbole.

Read the rest
Continue Reading

Kim Dotcom wants to take his Internet Party to the U.S.

Via Gigaom:

Controversial internet entrepreneur Kim Dotcom is getting ready to take his political ambitions to stateside. Dotcom announced on Twitter Monday that his Internet Party is going to launch in the United States in 2015:


Dotcom added that the party will be run and financed by U.S. citizens, and that he would only “help with public relations.”

This wouldn’t be the first time Dotcom has dabbled in politics. The former executive of the now-defunct Megaupload storage service helped to launch New Zealand’s Internet Party in early 2014.

Read Here: https://gigaom.com/2014/12/02/kim-dotcom-wants-to-take-his-internet-party-to-the-u-s/

Read the rest

Continue Reading

The Modernized Slave Labor System: Also Known as the Prison Industrial Complex


via The Anti Media:

(TheAntiMedia) The united states prison system, not only a machine for mass incarceration, but a machine for modernized slave labor. The United States has 5% of the worlds population, yet we have 25% of the worlds prison population. Land of the free right?

It would seem the statistics say otherwise, since the official drug war president Nixon announced in the 70′s, our prison population has grown over 700%! Recent estimates put our prison population to well over 2.4 million inmates. 50% of the federal prison inmates are for non violent drug offenses. All the while 20% of state prison inmates are drug related.

Read More: http://theantimedia.org/modernized-slave-labor-k-prison-labor/

Read the rest

Continue Reading

Tanzania evicting 40,000 people for Dubai royal family

US Army Africa (CC BY 2.0)

US Army Africa (CC BY 2.0)

via Salon:

40,000 Masai people will be evicted from their homeland in Tanzania, because the Dubai royal family has bought it with the intention of using it as a reserve to hunt big game. Last year, the Tanzanian government had resisted the purchase, proposing instead a “wildlife corridor” dedicated to hunting near the Serengeti national park. However, the deal will still reportedly go through, and the Masai will have to leave by the end of the year.

The deal was brokered by the Ortelo Business Corporation (OBC), a luxury safari company with a number of elite clients.

The Guardian’s Africa correspondent David Smith has the story:

Masai representatives will meet the prime minister, Mizengo Pinda, in Dodoma on Tuesday to express their anger. They insist the sale of the land would rob them of their heritage and directly or indirectly affect the livelihoods of 80,000 people.

Read the rest
Continue Reading

3 Years After This City Made Cops Wear Cameras, Here’s What Happened to Police Violence

cool-police-camera-complaints-dropped1

via News.Mic:

In February 2012, the city of Rialto had 70 police officers take part in a controlled study in which they were required to wear a tiny camera that filmed their interactions with the public. The results were incredible: In the first year of the cameras’ introduction, complaints against Rialto police officers fell by 88%, while use of force by officers fell by almost 60%. The cameras cost as little as a tenth the price of a standard-issue firearm.

“When you put a camera on a police officer, they tend to behave a little better, follow the rules a little better,” Rialto police Chief William A. Farrar told the New York Times. “And if a citizen knows the officer is wearing a camera, chances are the citizen will behave a little better.”

Now other cities want to follow suit. The federal court in New York has ordered some police officers to carry cameras, while departments in Albuquerque, Fort Worth, Texas, and Oakland, California, have voluntarily started the practice.

Read the rest
Continue Reading