Technocracy

Why Do They Need FATCA When They Have SWIFT?

"Given the growing ease with which people conduct transactions that don’t involve physical cash, or even leaving your house, one should wonder just how much financial data Uncle Sam’s spy network has, and why it feels entitled to it. What does this all mean? Hard to say. These days the American government is fairly cagey about its reasons for anything, but on the surface it appears as though the United States government will happily steal whatever information on the finances of ordinary people and financial institutions of other countries that it can’t coerce out of them through extra territorial law making schemes like FATCA. Whatever is going on, it’s not about taxes." Continue reading →

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‘Follow the Money’: NSA Spies on International Payments, Banking, Cards

"The National Security Agency (NSA) widely monitors international payments, banking and credit card transactions. The spying is conducted by a branch called 'Follow the Money' (FTM). The collected information then flows into the NSA's own financial databank, called 'Tracfin,' which in 2011 contained 180 million records. Some 84 percent of the data is from credit card transactions. Further NSA documents from 2010 show that the NSA also targets the transactions of customers of large credit card companies like VISA for surveillance. The NSA's Tracfin data bank also contained data from SWIFT, a network used by thousands of banks to send transaction information securely." Continue reading →

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Rooftop urban gardeners in Bangkok grow edible algae

"Three times a week, Patsakorn Thaveeuchukorn harvests the green algae in the barrels. 'The algae is growing so fast, normally the doubling time is around 24 hours,' said Patsakorn, whose employer EnerGaia uses Bangkok’s rooftops to grow spirulina. The empty space on top of Bangkok’s many skyscrapers provide suitable growing conditions for spirulina as the constant high temperatures and sunlight are ideal breeding conditions. The algae also helps combat carbon dioxide levels through photosynthesis, its champions say, and growing it in cities means it can reach consumers the same day it is harvested. The company says it is the only producer of fresh spirulina in the world." Continue reading →

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California poised to implement first electronic license plates

"The idea is that rather than have a static piece of printed metal adorned with stickers to display proper registration, the plate would be a screen that could wirelessly (likely over a mobile data network) receive updates from a central server to display that same information. In an example shown by a South Carolina vendor, messages such as 'STOLEN,' 'EXPIRED,' or something similar could also be displayed on a license plate. A South Carolina company, Compliance Innovations, did not immediately respond to Ars’ request for comment. Smart Plate Mobile’s founder, Michael Jordan, declined to speak to Ars." Continue reading →

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The Three Types of Austerity

"Reading the financial press, one gets the impression there are only two sides to the austerity debate: pro-austerity and anti-austerity. In reality, we have three forms of austerity. There is the Keynesian-Krugman-Robert Reich form which promotes more government spending and higher taxes. There is the Angela Merkel form of less government spending and higher taxes, and there is the Austrian form of less spending and lower taxes. Of the three forms of austerity, only the third increases the size of the private sector relative to the public sector, frees up resources for private investment, and has actual evidence of success in boosting growth." Continue reading →

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Wind farms are a breach of human rights says UN. No, really.

"Plans for future wind farms in Britain could be in jeopardy after a United Nations legal tribunal ruled that the UK Government acted illegally by denying the public decision-making powers over their approval and the 'necessary information' over their benefits or adverse effects. The new ruling calls into question the legal validity of any further planning consent for all future wind-farm developments based on current policy, both onshore and offshore. The commission declared that the UK flouted Article 7 of the Aarhus Convention, which requires full and effective public participation on all environmental issues and demands that citizens are given the right to participate in the process." Continue reading →

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Germany’s Green-Energy Disaster

"Even though green-energy programs are a disgusting boondoggle, American taxpayers and consumers should be thankful they’re not in Germany. Our programs may be wasteful and corrupt, but we’re amateurs compared to what’s happening on the other side of the Atlantic. As is so often the case with government intervention, the promises from politicians about low costs were a mirage. Perhaps the most shocking part of the story is that Germans are being forced to pay $26 billion in subsidies to get less than $4 billion of green energy." Continue reading →

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Australia’s Carbon Tax: Lessons for the United States

"The real-world results in Australia throw cold water on the claims made by proponents of a U.S. carbon tax. Every single claim they make in their case for a U.S. carbon tax had the opposite effect in Australia. In the year after Australia’s carbon tax was introduced, household electricity prices rose 15%, including the biggest quarterly increase on record. Currently 19% of the typical household’s electricity bill is due to Australia’s carbon tax and other 'green' programs such as a renewable energy mandate. The job market had previously been stable, but after Australia’s carbon tax the number of unemployed began rising rapidly." Continue reading →

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G20 countries to automatically share tax records to crack down on cheats

"Tax records will be shared around the world by 2015 as part of a G20 pledge to crack down on individual tax cheats and global corporations with complicated arrangements aimed at paying as little tax as possible. As business increasingly moves online and international, cash-strapped governments approved an aggressive timeline to adopt the automatic exchange of tax information among the G20. The deal was solidified after China, the last holdout, agreed to the plan just days before the summit in St. Petersburg. 'We are committed to automatic exchange of information as the new global standard,' states the G20 final communiqué." Continue reading →

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Global Warming Alarmists Seek to Restrict Air Conditioning

"New York University sociology professor Eric Klinenberg said it is 'indefensible' for people to use air conditioning the way we do. Klinenberg argues that air conditioning requires too much electricity, the generation of which accelerates global warming. 'What’s indefensible is our habit of converting homes, offices and massive commercial outlets into igloos on summer days, regardless of how hot it is outdoors,' wrote Klinenberg. Klinenberg also argued for laws requiring businesses to keep summer temperatures at their facilities above a government-dictated mandatory minimum." Continue reading →

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