Smart Drones

"IF you find the use of remotely piloted warrior drones troubling, imagine that the decision to kill a suspected enemy is not made by an operator in a distant control room, but by the machine itself. Imagine that an aerial robot studies the landscape below, recognizes hostile activity, calculates that there is minimal risk of collateral damage, and then, with no human in the loop, pulls the trigger. Welcome to the future of warfare. While Americans are debating the president’s power to order assassination by drone, powerful momentum — scientific, military and commercial — is propelling us toward the day when we cede the same lethal authority to software." Continue reading

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Airport security set for boom despite budget cuts

"The airport security sector is still expected to soar despite US budget cutbacks as air traffic grows and the threat of terrorism persists, analysts say. Screening passengers and baggage as well as surveillance at airports is a business that has boomed as countries radically tightened security in the wake of the September 11 attacks. In addition to new types of screening equipment, the drive to better target screening by use of information on travellers available to border control agencies will rely heavily on technology and data gathering." Continue reading

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Ten years after war, Iraq emerges as a major arms buyer

"Ten years after the invasion that smashed Iraq’s military, the country has become a major buyer of military equipment, spending billions to rebuild its armed forces. In doing so, Iraq has become a customer of some of the same companies that supplied the weapons used to attack Baghdad’s troops in 2003. Some 54 companies from 13 countries participated in the show, advertising equipment ranging from jet aircraft, drones, missiles and shells to gas masks, uniforms and boots. With a security and defence budget of about $16.4 billion for 2013 and a commitment to rebuilding its forces, Iraq offers significant opportunities for defence and security firms." Continue reading

Continue ReadingTen years after war, Iraq emerges as a major arms buyer

Ten years after war, Iraq emerges as a major arms buyer

"Ten years after the invasion that smashed Iraq’s military, the country has become a major buyer of military equipment, spending billions to rebuild its armed forces. In doing so, Iraq has become a customer of some of the same companies that supplied the weapons used to attack Baghdad’s troops in 2003. Some 54 companies from 13 countries participated in the show, advertising equipment ranging from jet aircraft, drones, missiles and shells to gas masks, uniforms and boots. With a security and defence budget of about $16.4 billion for 2013 and a commitment to rebuilding its forces, Iraq offers significant opportunities for defence and security firms." Continue reading

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Will Grigg: Prison Profiteers

"One aspect of drug prohibition that gets far too little attention is the fact that the drug war is immensely profitable for prohibitionists. No decent person has anything but contempt for Drug Kingpins – but it’s difficult to see how Prohibition Profiteers are any less contemptible. And they’re hardly the only people who have become wealthy by monetizing the misery generated in the prison-industrial complex. Public incarceration is the only consistently growing sector of our increasingly socialized economy." Continue reading

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Conspiracy Theories vs. the Religion of Democracy

"The proponents of any conspiracy view of historical events are pariahs in academia. That is because these theories get close to the truth, namely, that mass democracy has not prevented special-interest messianic groups from seeking political power and wealth as ways to re-shape mankind. These groups exercise power behind many thrones. They are not pro-democracy. They are not pro-free market. They are men in search of ways to achieve what they want: a new humanity. They will use money and politics to attain this goal. The best way to overcome a conspiracy is to take away its leverage: political power in defense of the existing distribution of wealth." Continue reading

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The 12 Companies Cashing In On Drones

"The U.S. military spent about $3 billion on drone programs last year, according to the Wall Street Journal. And as government spending cuts threaten to pinch some of that money, defense contractors are looking for ways to expand the drone market domestically to law enforcement agencies, universities and border patrols. According to HuffPo, here are 12 major corporations making money off of drones." Continue reading

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Dimon’s Extra $1.4 Million Payout Hangs on Fed Decision

"JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon personally stands to miss out on about $1.39 million a year if the Federal Reserve decides last week’s stress-test results don’t justify a dividend increase. That’s how much extra income Dimon could get from his stake of about 6 million shares if his New York-based bank raises its payout as much as analysts predict. The sum dwarfs the combined $73,300 of new annual dividends at stake for his CEO peers at Bank of America Corp., Goldman Sachs Group Inc. (GS) and Wells Fargo (WFC) & Co., based on forecasts compiled by Bloomberg." Continue reading

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Japan To Hike Utility Prices By 14-19% As Inflation Surges In All The Wrong Places

"First it was gas prices, then it was food prices, and now it is the turn of basic utilities to see costs surge by double digits. 'Japanese utilities, forced to idle their nuclear power plants over the past two years and facing higher fuel costs due to a weak yen, are now looking to push through double-digit rate hikes for their commercial customers.' This means less disposable income, less corporate profits, less monetary velocity, less growth and ultimately less 'inflation' in other things such as the much desired stock market, which was supposed to be the wealth effect offset to all staples price increases." Continue reading

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Former CEO reveals Blackwater worked as ‘virtual extension of the CIA’

"The mercenary group formerly known as Blackwater worked as a 'virtual extension of the CIA,' the company’s former CEO revealed to Daily Beast reporter Eli Lake. It has long been known that Blackwater, now called Academi, worked with the CIA, and there were even some pretty straightforward clues that former Blackwater CEO Erik Prince was an agency asset. That relationship is strongly clarified by the company’s own legal defense in a three-year prosecution that collapsed in February, wrapping up with a guilty plea from two men punishable by probation, house arrest and a $5,000 fine." Continue reading

Continue ReadingFormer CEO reveals Blackwater worked as ‘virtual extension of the CIA’