Whole Foods Co-CEO: Unintended Consequences in Health-Care Law
"Whole Foods Co-CEO John Mackey on the impact of the health-care law and the state of the economy." Continue reading →
Electricity prices for German households have increased 61% since 2000 – renewables blamed
"Real German electricity prices for households have increased 61% since 2000. One quarter of household costs now stems directly from renewable energy. Also, the increase is *not* because of increasing production costs (which have actually slightly declined since 1978). The increase is due to dramatically increasing taxes, most noticeably from the Renewable Energy Act (EEG). In 2013 the EEG will increase 50% to 6.28 euro-cent (5.28 cents plus 19% VAT). In June 2011, Chancellor Angela Merkel famously promised to keep EEG prices stable, but this promise has now clearly been broken. The German household will pay 24% of its electricity bill to renewables." Continue reading →
Tree Theft on the Rise in Germany as Heating Costs Increase
"The problem has been compounded this winter by rising energy costs. The Germany's Renters Association estimates the heating costs will go up 22 percent this winter alone. A side effect is an increasing number of people turning to wood-burning stoves for warmth. Germans bought 400,000 such stoves in 2011, the German magazine FOCUS reported this week. It marks the continuation of a trend: The number of Germans buying heating devices that burn wood and coal has grown steadily since 2005, according to consumer research company GfK Group. That increase in demand has now also boosted prices for wood, leading many to fuel their fires with theft." Continue reading →
Government Crony Madness In Action (Wind Farm Edition)
"Wind farms in the Pacific Northwest -- built with government subsidies-- are now getting paid to shut down as the federal agency charged with managing the region's electricity grid says there's an oversupply of renewable power at certain times of the year. Note the part of the explanation in the clip below where it is stated that the problem is too much energy being generated because of melting snow. Econ 101 teaches that there is no such thing as oversupply, i.e. 'too much' supply. Over supply can only occur when there are price controls in existence, above market prices. So what is really going on here?" Continue reading →
How Green Was My Bankruptcy? U. S. Army Edition.
"Great News! Siemens will generate an 18% return on a project that will have a negative return on investment (-9%)… All at the taxpayers’ expense!" Continue reading →
Secret backdoors found in firewall, VPN gear from Barracuda Networks
"A variety of firewall, VPN, and spam filtering gear sold by Barracuda Networks contains undocumented backdoor accounts that allow people to remotely log in and access sensitive information, researchers with an Austrian security firm have warned. The SSH, or secure shell, backdoor is hardcoded into 'multiple Barracuda Networks products' and can be used to gain shell access to vulnerable appliances, according to an advisory published Thursday by SEC Consult Vulnerability Lab. A timestamp and version relevant for the code that enables the backdoor bears a date from 2003, suggesting it may have existed in the Barracuda appliances for a decade." Continue reading →
Google stands up for Gmail users, requires cops to get a warrant
"American government agencies (including federal, state, and local authorities) made over 8,400 requests for nearly 15,000 accounts—far exceeding India, the next largest country in terms of information requests. It's unclear how many of the subpoenas or warrants Google complied with—the company has only said it complied in part or in full to 88 percent of total requests from American authorities. While relatively few tech companies publicly disclose how many government requests they get, Google appears to be one of the few e-mail providers that is challenging law enforcement agencies to produce a warrant to access users’ e-mail." Continue reading →
Google’s Trillion-Dollar Driverless Car — Part 2: The Ripple Effects
"The fact is that a driverless car would slash hundreds of billions of dollars of annual revenue, or even trillions, from all sorts of entities: car makers, parts suppliers, car dealers, auto insurers, auto financiers, body shops, emergency rooms, health insurers, medical practices, personal-injury lawyers, government taxing authorities, road-construction companies, parking-lot operators, oil companies, owners of urban real estate, and on and on and on. At the same time, the driverless car will create enormously lucrative business opportunities to serve new customer needs. I’ll turn first to the revenue that is in peril and then examine the opportunities." Continue reading →
Law-enforcer misuse of driver database soars
"Florida's driver-and-vehicle database, the system that can help law enforcement identify victims of fatal crashes and decipher the identity of a suspect, can be a useful tool for cops. But at least 74 law enforcers were suspected of misusing D.A.V.I.D. in 2012, a nearly 400 percent increase from 2011, according to the Florida Department of Law Enforcement. Officers who needlessly pull information or photographs from D.A.V.I.D. that would otherwise be private could face criminal charges, sanctions or disciplinary action. And yet the temptation of looking up a relative, a celebrity's address or a romantic interest is too great for some law enforcers." Continue reading →
DNA database not so anonymous on the Internet: study
"As more and more of our personal data — and those of the people we know and are related to — gets posted online, the anonymity promised by the remove of a computer screen gets more and more elusive. That’s what a team of scientists uncovered when they started playing Sherlock with a batch of genetic data posted online for researchers to use. The data was anonymous: the participants’ names were not published. But using the information that was provided, including age and where they live, along with freely available Internet resources, the researchers were able to identify nearly 50 of the individuals in the genomic database." Continue reading →
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