Commerce – Page 241 – Public Intelligence Blog

2013/03/192013/03/26

NIGHTWATCH: Cyprus Shows Three Threats – Fall of Government, Widespread Rioting, Spread of Rioting to Mainland Europe

Commerce, Corruption, Government, Ineptitude

Cyprus: Comment. International press outlets have provided detailed reporting on the so-called tax Cypriot leaders have proposed imposing on bank deposits to help pay for an international bailout. Cyprus is the fifth European Union country to request a bailout. The issues are complex and not relevant to this brief discussion.

NightWatch sees three threats in the situation. First is the breakdown of public confidence in the government and public financial institutions. That is already manifest in the run on ATMs. Banks on Cyprus were closed on the 18th, but the run on the banks should continue when they open on the 19th. There will not be enough cash to service the customers. Civil disorders should be expected.

The breakdown in confidence feeds the second threat which is the breakdown in respect for law and order. Cyprus is one step away from widespread rioting and a serious breakdown in public order. Rioting is likely when ordinary citizens conclude that they are powerless to protect what they have earned and no amount of effort on their part ensures their property rights.

The third threat is that the fear of losing everything will spread to other countries.

NIGHTWATCH KGS Home

2013/03/172013/03/26

Yoda: Google Glass — Dark Side of the Force? + Big Data RECAP

Civil Society, Commerce, IO Impotency

Concerns, have we.

Google Glass: The opposition grows

“Stop The Cyborgs” is a new site that attempts to bring a balanced trepidation to the unbalanced idea that we'll all be walking round with Google's outer brain strapped to our faces.

The opposition will congregate in dark corners.

They will whisper with their mouths, while their eyes will scan the room for spies wearing strange spectacles.

The spies will likely be men. How many women would really like to waft down the street wearing Google Glass?

It won't be easy. Once you've been cybernated, there's no turning back. Which is why the refuseniks are already meeting in shaded corners of the Web.

One site is called “Stop The Cyborgs.” It claims to be “fighting the algorithmic future one bit at a time.”

It's going to take a lot of bitty fighting, but the people behind this site — they're naturally anonymous, in an attempt to stop Google spying on them — say they're fighting Google Glass in particular.

They say that it will herald a world in which “privacy is impossible and corporate control total.”

Some would say that, thanks to Googlies and other bright, deluded sparks, we're there already. The Lord and Master Zuckerberg explained to us a long time ago that he knows us better than we do and that we don't actually want privacy at all.

Still, the people behind this anti-cyborg movement claim that there's no way you'll ever know that someone wearing Google Glass is recording your every word and movement.

There's no way of even knowing if someone else is recording you through their glasses from somewhere in the cloud.

And how are we, whose egos are already more fragile than a porcelain potty, supposed to feel when we know that a glasses-wearer has one eye on us and another on our Klout score or teenage sexting pictures?

The site explains: “Gradually people will stop acting as autonomous individuals, when making decisions and interacting with others, and instead become mere sensor/effector nodes of a global network.”

Continue reading “Yoda: Google Glass — Dark Side of the Force? + Big Data RECAP”

2013/03/172013/03/26

Penguin: Banks Confiscating Percentage of Depositors Cash in Cyprus, Collapse of Banking Across Europe Possible

03 Economy, 07 Other Atrocities, 10 Transnational Crime, Commerce, Corruption, Government

Facing Bailout Tax, Cypriots Try to Get Cash Out of Banks

ATHENS — In a move that could set off new fears of contagion across the euro zone, anxious depositors drained cash from automated teller machines in Cyprus on Saturday, hours after European officials in Brussels required that part of a new 10 billion euro bailout be paid for directly from the bank accounts of ordinary savers.

The move — a first in the three-year-old European financial crisis — raised questions about whether bank runs could be set off elsewhere in the euro zone. Jeroen Dijsselbloem, the president of the group of euro area ministers, declined early Saturday to rule out taxes on depositors in countries beyond Cyprus, although he said such a measure was not currently being considered.

Although banks placed withdrawal limits of 400 euros, or about $520, on A.T.M.’s, most had run out of cash by early evening. People around the country reacted with disbelief and anger.

Read full article.

2013/03/172013/03/26

Berto Jongman: Argentna’s Bad (Soy) Seed

01 Agriculture, Commerce, Corruption, Government, Ineptitude

Argentina's Bad Seeds

The country's soya industry is booming, but what is the impact on Argentinians and their land?

Filmmakers: Glenn Ellis and Guido Bilbao

For much of the past decade Argentina has seen a commodities-driven export boom, built largely on genetically-modified soy bean crops and the aggressive use of pesticides.

Argentina's leaders say it has turned the country's economy around, while others say the consequences are a dramatic surge in cancer rates, birth defects and land theft.

People & Power investigates if Argentina's booming soy industry is a disaster in the making.

By Glenn Ellis

As I flew in to Buenos Aires to make this film, all the talk was of President Cristina Kirchner’s latest gambit. Her foreign minister had pulled out of a meeting with the British foreign secretary to discuss the Falklands (or the Malvinas depending on your outlook). And for the people I rubbed up against in Argentina’s smart and chic capital, on discovering I was English, this, along with Maradona’s ‘hand of god’ moment, was the topic on everybody’s lips. “We won the war”, they would say. “After the fighting we got rid of our dictators but you had another 10 years of Thatcher.”

When I explained I was in the country to cover the soya boom, which has given Argentina the fastest growth rate in South America, but also allegedly caused devastating malformations in children, there was a look of disbelief. “Here, in Argentina? Why haven’t we heard about it?”

Read full article. [Includes 25 minute video]

2013/03/172013/03/26

Berto Jongman: Fukushima, Chernobyl, and the Frog in Boiling Water — An Anthropological Perspective on the Deceived, the Forgotten, & the Dying

03 Economy, 07 Health, 07 Other Atrocities, 08 Proliferation, 08 Wild Cards, 11 Society, Civil Society, Commerce, Earth Intelligence, Government

Fukushima isn’t Chernobyl? Don't Be So Sure

by SARAH D. PHILLIPS

CounterPunch, Weekend Edition March 15-17, 2013

The March 11, 2011 Tohoku earthquake and tsunami caused the deaths of approximately 16,000 persons, left more than 6,000 injured and 2,713 missing, destroyed or partially damaged nearly one million buildings, and produced at least $14.5 billion in damages. The earthquake also caused a triple meltdown at the Fukushima Daiichi nuclear power plant on Japan’s eastern coast. After reading the first news reports about what the Japanese call “3.11,” I immediately drew associations between the accident in Fukushima and the Chernobyl nuclear disaster of 1986 in what was then the Soviet Union. This was only natural, since studying the cultural fallout of Chernobyl has been part of my life’s work as an anthropologist for the past 17 years. Knowing rather little about Japan at the time, I relied on some fuzzy stereotypes about Japanese technological expertise and penchant for tight organization and waited expectantly for rectification efforts to unfold as a model of best practices. I positioned the problem-riddled Chernobyl clean-up, evacuation, and reparation efforts as a foil, assuming that Japan would, in contrast, unroll a state-of-the-art nuclear disaster response for the modern age. After all, surely a country like Japan that relies so heavily on nuclear-generated power has developed thorough, well-rehearsed, and tested responses to any potential nuclear emergency? Thus, I expected the inevitable comparisons between the world’s two worst nuclear accidents to yield more contrasts than parallels.

Continue reading “Berto Jongman: Fukushima, Chernobyl, and the Frog in Boiling Water — An Anthropological Perspective on the Deceived, the Forgotten, & the Dying”

2013/03/152013/03/26

Paul Craig Roberts: When Truth is Suppressed Countries Die

03 Economy, 11 Society, Commerce, Corruption, Government

Over a decade during which the US economy was decimated by jobs offshoring, economists and other PR shills for offshoring corporations said that the US did not need the millions of lost manufacturing jobs and should be glad that the “dirty fingernail” jobs were gone.

America, we were told, was moving upscale. Our new role in the world economy was to innovate and develop the new products that the dirty fingernail economies would produce. The money was in the innovation, they said, not in the simple task of production.

As I consistently warned, the “high-wage service economy based on imagination and ingenuity” that Harvard professor and offshoring advocate Michael Porter promised us as our reward for giving up dirty fingernail jobs was a figment of Porter’s imagination.

Over the decade I repeated myself many times: “Innovation takes place where things are made. Innovation will move abroad with the manufacturing.”

This is not what corporations or their shills such as Porter wanted to hear. Corporations were boosting their profits by getting rid of their American employees and replacing them with lowly paid foreigners. Porter’s job was to reassure the sheeple so that no outcry would materialize against the greed that was hollowing out the US economy.

Now comes a study conducted by 20 MIT professors and their graduate students that concludes on the basis of the facts that “the loss of companies that can make things will end up in the loss of research than can invent them.”

Read full article.

2013/03/142013/03/26

Eagle: America’s Retirement Crisis

03 Economy, 06 Family, 07 Health, 09 Justice, 11 Society, Commerce, Corruption, Government

300 Million Talons... — 300 Million Talons…

America's Retirement Crisis

Decades of class war leaves most Americans nearing retirement woefully unprepared.

Since the mid-1970s, real wages haven’t kept pace with inflation. Benefits steadily eroded. High-paying jobs disappeared. Improved technology forces wage earners to work harder for less.

So-called “free” markets work only for those who control them. A handful of winners benefit at the expense of most others. Conditions get progressively worse.

Wealth disparity extremes are unprecedented. Neoliberal harshness force-feeds austerity when stimulus is needed. Public needs go begging.

American inequality is institutionalized. Bipartisan complicity assures it. Class war rages. America’s social contract is targeted for destruction.

Both sides agree. They support giving bankers, war profiteers, other corporate favorites, and super-rich elites greater wealth at the expense of most others.

A May 2012 Employee Benefit Research Institute (EBRI) study highlighted America’s retirement crisis. American workers face trouble.

Read full article.

Continue reading “Eagle: America's Retirement Crisis”