Yearly Archives: 2013

The Fleeting Beauty of Bubbles and Bonds

"The political calculus is simple: the bottom half of households don't vote, don't contribute to political campaigns and don't have enough income to borrow huge sums of money to enrich the banks. They are thus non-entities in the fiscal-monetary project of maintaining the power structure of the Status Quo. All the Status Quo needs to do is borrow enough money to fund social programs that keep the masses passive and silent. Unfortunately for the Powers That Be, the cost of placating the rapidly increasing marginalized populace is rising much faster than tax revenues." Continue reading →

Continue ReadingThe Fleeting Beauty of Bubbles and Bonds

The Fleeting Beauty of Bubbles and Bonds

"The political calculus is simple: the bottom half of households don't vote, don't contribute to political campaigns and don't have enough income to borrow huge sums of money to enrich the banks. They are thus non-entities in the fiscal-monetary project of maintaining the power structure of the Status Quo. All the Status Quo needs to do is borrow enough money to fund social programs that keep the masses passive and silent. Unfortunately for the Powers That Be, the cost of placating the rapidly increasing marginalized populace is rising much faster than tax revenues." Continue reading →

Continue ReadingThe Fleeting Beauty of Bubbles and Bonds

Oregon: Jesus Malverde Medallion Did Not Justify Traffic Stop

"The Oregon Court of Appeals on Thursday rejected the argument that an image of Jesus Malverde in an automobile is suspicious enough to warrant a search for drugs. When Trooper Wells came to the window to ask Manuel Meza-Garcia for his license and registration, the trooper's suspicion was heightened after he noticed something near the windshield. The appellate judges refused to consider the medallion as evidence and instead rejected the other assertions police used to search Meza-Garcia. The trooper insisted it was inherently suspicious to have two people driving with two cell phones north on I-5 without visible luggage." Continue reading →

Continue ReadingOregon: Jesus Malverde Medallion Did Not Justify Traffic Stop

Oregon: Jesus Malverde Medallion Did Not Justify Traffic Stop

"The Oregon Court of Appeals on Thursday rejected the argument that an image of Jesus Malverde in an automobile is suspicious enough to warrant a search for drugs. When Trooper Wells came to the window to ask Manuel Meza-Garcia for his license and registration, the trooper's suspicion was heightened after he noticed something near the windshield. The appellate judges refused to consider the medallion as evidence and instead rejected the other assertions police used to search Meza-Garcia. The trooper insisted it was inherently suspicious to have two people driving with two cell phones north on I-5 without visible luggage." Continue reading →

Continue ReadingOregon: Jesus Malverde Medallion Did Not Justify Traffic Stop

Edward Snowden’s journey from high school drop-out to focus of international intrigue

"Snowden joined the US army in 2003, saying he wanted to fight in Iraq. But he never made it there after breaking both legs in a training accident, leading to him being discharged from the military. He then got a job as a security guard for the National Security Agency (NSA), one of the largest and most secretive of the US intelligence agencies. But in 2006, the young computer geek somehow managed to win an information technology job with the CIA despite lacking formal credentials. From there he was sent to Geneva with a fat paycheck and a diplomatic cover." Continue reading →

Continue ReadingEdward Snowden’s journey from high school drop-out to focus of international intrigue

Edward Snowden’s journey from high school drop-out to focus of international intrigue

"Snowden joined the US army in 2003, saying he wanted to fight in Iraq. But he never made it there after breaking both legs in a training accident, leading to him being discharged from the military. He then got a job as a security guard for the National Security Agency (NSA), one of the largest and most secretive of the US intelligence agencies. But in 2006, the young computer geek somehow managed to win an information technology job with the CIA despite lacking formal credentials. From there he was sent to Geneva with a fat paycheck and a diplomatic cover." Continue reading →

Continue ReadingEdward Snowden’s journey from high school drop-out to focus of international intrigue

If Nook goes bust, will your e-books survive?

"This leaves Nook customers with a big problem. If Barnes & Noble stops production on all Nooks, experts says, Nook owners would have a hard time moving their libraries. In fact, customers are already grappling with that very issue on online forums. The reason: Most e-books carry digital rights management software, or DRM, which prevents them from being pirated, passed on to third parties or, in this case, transferred onto another device by the same consumer. Currently, downloading e-books onto one device and even trying to read or access them on another can be a time-consuming and complicated endeavor." Continue reading →

Continue ReadingIf Nook goes bust, will your e-books survive?

How long copyright terms make art disappear

"Copyright is a type of censorship—in this case, it suppresses the dissemination of books caught in the copyright 'black hole' as a result of the combination of copyright terms, the orphan works problem (which is a result in part of the lack of a requirement for copyright registration formalities and renewal requirements)." Continue reading →

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Kyle Bass: “The Next 18 Months Will Redefine Economic Orthodoxy For The West”

"The topics he focuses on are Central bank expansion (with a mind-numbing array of awe-full numbers to explain just where the $10 trillion of freshly created money has gone), Japan's near-term outlook ('the next 18 months in Japan will redefine the economic orthodoxy of the West'), and most importantly since, as he notes, 'we are investing in things that are propped up and somewhat made up,' the psychology of negative outcomes. The latter, Bass explains, is one of the most frequently discussed topics at his firm, as he points out that 'denial' is extremely popular in the financial markets." Continue reading →

Continue ReadingKyle Bass: “The Next 18 Months Will Redefine Economic Orthodoxy For The West”

IBM Cutting Jobs In U.S. And Globally

"International Business Machines Corp. (IBM), the world’s largest computer-services provider, began cutting U.S. jobs today as part of a global restructuring plan announced in April. The reduction targets employees with a range of seniority, from rank-and-file staff to executives. Some U.S. workers began to receive notifications of the cuts last night, according to Lee Conrad, a coordinator for Alliance@IBM, an employee group. The restructuring will cost $1 billion worldwide, including severance expenses. The company is probably cutting 6,000 to 8,000 jobs globally, based on the $1 billion cost figure." Continue reading →

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