economic Trends

Secret Court Ruling Put Tech Companies in Data Bind

"In a secret court in Washington, Yahoo’s top lawyers made their case. The government had sought help in spying on certain foreign users, without a warrant, and Yahoo had refused, saying the broad requests were unconstitutional. The judges disagreed. That left Yahoo two choices: Hand over the data or break the law. So Yahoo became part of the National Security Agency’s secret Internet surveillance program, Prism, according to leaked N.S.A. documents, as did seven other Internet companies. Like almost all the actions of the secret court, the details of its disagreement with Yahoo were never made public beyond a heavily redacted court order." Continue reading →

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Tech Companies Concede to NSA Surveillance Program

"When government officials came to Silicon Valley to demand easier ways for the world’s largest Internet companies to turn over user data as part of a secret surveillance program, the companies bristled. In the end, though, many cooperated at least a bit. The negotiations shed a light on how Internet companies, increasingly at the center of people’s personal lives, interact with the spy agencies that look to their vast trove of information — e-mails, videos, online chats, photos and search queries — for intelligence. They illustrate how intricately the government and tech companies work together, and the depth of their behind-the-scenes transactions." Continue reading →

Continue ReadingTech Companies Concede to NSA Surveillance Program

Japan to adopt ‘bail-ins,’ force bank losses on investors if needed, Nikkei says

"Japan's Financial Services Agency will enact new rules that will forced failed bank losses on investors, if needed, via a mechanism known as a 'bail-in,' according to The Nikkei. Mitsubishi UFJ (MTU), Mizuho Financial (MFG) and Sumitomo Mitsui (SMFG) are among those proposing amendments to allow them to issue the types of preferred shares or subordinated bonds that would be used in such cases, the report noted." Continue reading →

Continue ReadingJapan to adopt ‘bail-ins,’ force bank losses on investors if needed, Nikkei says

Glenn Greenwald: On Prism, partisanship and propaganda

"One of the most significant aspects of the Obama legacy has been the transformation of Democrats from pretend-opponents of the Bush War on Terror and National Security State into their biggest proponents: exactly what the CIA presciently and excitedly predicted in 2008 would happen with Obama's election. Some Democrats have tried to distinguish 2006 from 2013 by claiming that the former involved illegal spying while the latter does not. But the claim that current NSA spying is legal is dubious in the extreme. If Democrats are so sure these spying programs are legal, why has the Obama DOJ been so eager to block courts from adjudicating that question?" Continue reading →

Continue ReadingGlenn Greenwald: On Prism, partisanship and propaganda

Our Open Surveillance ‘Debate’: DOJ Wants to Block Release of Secret Court Opinion

"Because of the efforts of President Barack Obama's Administration to quash any release of even a smidgen of information about the government’s surveillance program, his comment today that he looked forward to a 'debate' on the issue was met with skepticism. Then, hours later, the Department of Justice responded to a lawsuit by the Electronic Frontier Foundation trying to stop the release of a secret court opinion connected to the very surveillance program about which Obama claimed to want to debate." Continue reading →

Continue ReadingOur Open Surveillance ‘Debate’: DOJ Wants to Block Release of Secret Court Opinion

3 Reasons the ‘Nothing to Hide’ Crowd Should Be Worried About Government Surveillance

"There are many, many reasons to be concerned about the rise of the surveillance state, even if you have nothing to hide. Or rather, even if you think you have nothing to hide. For those confronted by such simplistic arguments, here are a three counterarguments that perhaps might get these people thinking about what they’re actually giving up." Continue reading →

Continue Reading3 Reasons the ‘Nothing to Hide’ Crowd Should Be Worried About Government Surveillance

Feds want mental health records, float plan to ban guns from legal pot smokers

"The Department of Justice now wants to be notified of any mental health concerns and commitments 'for other reasons' for Americans so their names can be added to the National Instant Criminal Background Check System list of people banned from owning guns. But it appears the requirements of the privacy rule for medical records will be a barrier to that quick transfer of personal details, so the Department of Health and Human Services has proposed a change. Attorneys Todd Garvey and Brian Yeh wrote that federal firearms regulators will be aggressive about banning anyone who uses marijuana from buying – or possessing – a weapon." Continue reading →

Continue ReadingFeds want mental health records, float plan to ban guns from legal pot smokers