Fascism

Apple: iPhone Fingerprint Reader Means Government Business

"In October 2012, U.S. Immigration and Customs Enforcement - ICE, announced a major iPhone win for a high security government agency. The contract was for iPhone services sourced through various carriers with a total award value of $2.1 million, covering 17,676 users. I expect to see more and more government iPhone contracts, especially if the new phone launch focuses on security. In February of this year Apple landed a major contract with the New Zealand police, for an estimated $159M over the next 10 years. The contract provides 6,000 users with an iPhone, and 3,900 with an iPad as well. The TSA in May 2012 also released a contract for purchasing up to 1,000 handheld Apple devices." Continue reading →

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Prison Phone Call Industry Will Fight New FCC Rules Lowering Inmate Rates

"After a decade of delay, the FCC voted 2-1 in August to set maximum rates for collect and prison debit card calls. The new maximum rate for a collect call will be 25 cents a minute -- still far above the average for a traditional landline, but a serious reduction. In an interview with The Huffington Post, the CEO of the second-largest company in the $1.2 billion a year industry said he will go to court to stop the still-unreleased rules if they are issued as described in an FCC press release. He also lashed out at the industry's critics. After a decade-long period of consolidation and mergers in the industry, Securus and another company, Global-Tel-Link, control 80 percent of the prison phone call market." Continue reading →

Continue ReadingPrison Phone Call Industry Will Fight New FCC Rules Lowering Inmate Rates

Rite Aid joins promotion effort for Obamacare

"Department of Health and Human Services Secretary Kathleen Sebelius made the announcement Monday alongside Rite Aid CEO John Standley in New Jersey, where the feds will operate the health insurance exchange after Gov. Chris Christie rejected creating a state-run one. CVS Caremark in July announced plans to inform uninsured customers about the law. CVS pharmacies will host trained 'navigators,' who are funded by the health law to educate people about their coverage options. Walgreens also announced plans over the summer to team up with the Blue Cross Blue Shield Association to educate customers in its stores." Continue reading →

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Yahoo CEO Marissa Mayer defends tech company NSA cooperation

"Mayer said she was 'proud to be part of an organisation that from the beginning, in 2007, has been sceptical of – and has been scrutinizing – those requests [from the NSA].' Yahoo has previously unsuccessfully sued the foreign intelligence surveillance (Fisa) court, which provides the legal framework for NSA surveillance. In 2007 it asked to be allowed to publish details of requests it receives from the spy agency. 'When you lose and you don’t comply, it’s treason,' said Mayer. 'We think it make more sense to work within the system,' she said. The meeting came as Yahoo and Facebook filed suits once more to force the Fisa court to allow them to disclose more information." Continue reading →

Continue ReadingYahoo CEO Marissa Mayer defends tech company NSA cooperation

‘Legitimate Wiretapping’

"Russian spy agencies want easier access to all Skype conversations, notes Doug Valentine. Who can doubt the CIA, FBI, NSA, and the rest of the alphabet from Hell already have access from Bill Gates, the oligarch whose company Microsoft owns Skype? Now Bill wishes Obama could be even more of a dictator, adds Travis Holte, so the corporate state can crony-subsidize the plutocrats even more than it does now. And, Travis notes. Gates is openly anti-free market. His preferences should be enforced at the point of a government gun." Continue reading →

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David Stockman on his Book and the Bailouts

"The panic and bailouts that followed were really about protecting the bonuses and incomes of very wealthy and politically well-connected managers at banks and other heavily leveraged businesses that were eventually deemed too big to fail. What followed was a massive transfer of wealth from the taxpayers and middle-class savers, in the form of bailouts and zero interest rates on bank deposits imposed by the Fed, to the so-called One Percent. As I show in my book, none of this was necessary to save the larger economy, since the losses that would have taken place as a result of the collapse would have been largely limited to Wall Street." Continue reading →

Continue ReadingDavid Stockman on his Book and the Bailouts

Bill Bonner: Where did the US$ 700 billion go?

"You remember TARP? It was the feds' $700 billion program to rescue the US economy from a correction. Neil Barofsky was in charge of it. So we decided to go down and ask him how it turned out: '[..] What did they do with the money? They were supposed to increase lending so as to help bring about a recovery. None of them did that. Instead, they used it to repay each other's loans. In other words, they used it to reduce the amount of credit available...not increase it. And they bought US agency bonds...just as you'd expect. And they paid out their bonuses. In other words, they looked out for themselves...just as you'd expect.'" Continue reading →

Continue ReadingBill Bonner: Where did the US$ 700 billion go?

Treasury: $238b financial bailout ‘avoided catastrophe,’ only $3b outstanding

"The US Treasury said Wednesday the government’s massive response to the economic crisis five years ago paid off, avoiding a catastrophic breakdown of the financial system. In a report marking the anniversary of the bankruptcy of investment bank Lehman Brothers — which snowballed into the worst crisis since the 1930s — the Treasury defended deploying hundreds of billions of taxpayer dollars to save other banks, major financial institutions and auto companies. While the rescue effort required piling up government debt, it was necessary, said Treasury officials who briefed reporters." Continue reading →

Continue ReadingTreasury: $238b financial bailout ‘avoided catastrophe,’ only $3b outstanding

Koch Has No Power to Coerce Anybody; That’s Why He Needs Government

"So the actual pattern we see is the Koch brothers and their pet think tanks actively encouraging a near-totalitarian level of state intervention to suppress all the mechanisms of civil society — investigative journalism by a free and independent press, a vigorous system of civil liability, etc. — that would help keep business honest and hold it accountable. The corporate Pharisees of our day strain at a gnat using 'free market' rhetoric to attack welfare for the poor, but swallow a camel when it comes to welfare for corporations. They claim to favor 'economic freedom' and 'free trade,' while putting the entire world under the totalitarian lockdown of draconian 'intellectual property' law." Continue reading →

Continue ReadingKoch Has No Power to Coerce Anybody; That’s Why He Needs Government

The Best U.S. Metros for Recent College Grads Looking for Work

"Across the nation's 50 largest metro areas, there were 15.8 million jobs in these fast-growing, highly educated fields as of 2013. New York leads with more than 66,000 openings, roughly ten percent of the total. L.A. is second with 39,508. That makes sense: N.Y. and L.A. are America's two largest metros. Together, they in fact account for nearly 3 million of these positions, nearly one in five of these estimated fast-growing, highly-educated jobs across the nation. Once we look beyond these two largest metros, the pattern diverges a bit from the size of a metro's population. Greater Washington, D.C., has the third largest number of estimated openings, 39,259." Continue reading →

Continue ReadingThe Best U.S. Metros for Recent College Grads Looking for Work