Commerce – Page 269 – Public Intelligence Blog

2012/05/14

Patrick Meier: Departing for Qatar

08 Wild Cards, Advanced Cyber/IO, Blog Wisdom, Civil Society, Collective Intelligence, Commerce, Commercial Intelligence, Cultural Intelligence, Earth Intelligence, Ethics, Government, Media, Mobile

Joining the Qatar Foundation to Advance Humanitarian Technology

Big news! I'll be taking a senior level position at the Qatar Foundation to work on the next generation of humanitarian technology solutions. I'll be based at the Foundation's Computing Research Institute (QCRI) and be working alongside some truly amazing minds defining the cutting edge of social and scientific computing, computational linguistics, big data, etc. My role at QCRI will be to leverage the expertise within the Institute, the region and beyond to drive technology solutions for humanitarian and social impact globally—think of it as Computing for Good backed by some serious resources. I'll spend just part of the time in Doha. The rest of my time will be based wherever necessary to have the greatest impact. Needless to say, I'm excited!

My mission over the past five years has been to catalyze strategic linkages between the technology and humanitarian space to promote both innovation and change, so this new adventure feels like the perfect next chapter in this exciting adventure. I've had the good fortune and distinct honor of working with some truly inspiring and knowledgeable colleagues who have helped me define and pursue my passions over the years. Needless to say, I've learned a great deal from these colleagues; knowledge, contacts and partnerships that I plan to fully leverage at the Qatar Foundation.

It really has been an amazing five years. I joined the Harvard Humanitarian Initiative (HHI) in 2007 to co-found and co-direct the Program on Crisis Mapping and Early Warning. The purpose of the program was to assess how new technologies were changing the humanitarian space and how these could be deliberately leveraged to yield more significant impact. As part of my time at HHI, I consulted on a number of cutting-edge projects including the UNDP's Crisis and Risk Mapping Analysis (CRMA) Program in the Sudan. I also leveraged this iRevolution blog extensively to share my findings and learnings with both the humanitarian and technology communities. In addition, I co-authored the UN Foundation & Vodafone Foundation Report on “New Technologies in Emergen-cies and Conflicts” (PDF).

Continue reading “Patrick Meier: Departing for Qatar”

2012/05/112012/05/11

Owl: Frack Fluids Can Migrate to Aquifers Within Years

07 Other Atrocities, 12 Water, Civil Society, Commerce, Corruption, Earth Intelligence, General Accountability Office, Government, Idiocy, Office of Management and Budget

New Study Predicts Frack Fluids Can Migrate to Aquifers Within Years

A new study has raised fresh concerns about the safety of gas drilling in the Marcellus Shale, concluding that fracking chemicals injected into the ground could migrate toward drinking water supplies far more quickly than experts have previously predicted.

More than 5,000 wells were drilled in the Marcellus between mid-2009 and mid-2010, according to the study, which was published in the journal Ground Water two weeks ago. Operators inject up to 4 million gallons of fluid, under more than 10,000 pounds of pressure, to drill and frack each well.

Scientists have theorized that impermeable layers of rock would keep the fluid, which contains benzene and other dangerous chemicals, safely locked nearly a mile below water supplies. This view of the earth's underground geology is a cornerstone of the industry's argument that fracking poses minimal threats to the environment.

But the study, using computer modeling, concluded that natural faults and fractures in the Marcellus, exacerbated by the effects of fracking itself, could allow chemicals to reach the surface in as little as “just a few years.”

“Simply put, [the rock layers] are not impermeable,” said the study's author, Tom Myers, an independent hydrogeologist whose clients include the federal government and environmental groups.

“The Marcellus shale is being fracked into a very high permeability,” he said. “Fluids could move from most any injection process.”

2012/05/11

Eagle: Are We Eating Ourselves to Death?

07 Health, 07 Other Atrocities, Civil Society, Commerce, Cultural Intelligence, Government

Is The Food We Eat Killing Us?

Are we digging our own graves with our teeth? Is the food that we eat every day slowly killing us? When I was growing up, I just assumed that everything in the grocery store was perfectly safe and perfectly healthy. I just assumed that the government and the big corporations were watching out for us and that they would never allow something harmful to be sold in the stores. Boy, was I wrong! Today, the average American diet is extremely unhealthy. Most of the foods that we all love to eat are absolutely packed with things that will damage our health. Many of the ingredients that make our foods “taste good” such as fat, salt and sugar can be extremely damaging in large amounts. On top of that, most processed foods are absolutely loaded with chemicals and preservatives. The next time you go to the grocery store, just start turning over packages and read the “ingredients” that are being put into our food. If you have never done this before, you will be absolutely amazed. In many of our most common foods there are “ingredients” that I cannot even pronounce. Sadly, most Americans have no idea that eating a steady diet of these processed foods will likely leave them massively overweight, very sick and much closer to death.

American Pig — Click on Image to Enlarge

Eating healthy takes more time, more effort and more money than eating poorly does. Unfortunately, most Americans are content to chow down on foods that are quick to make and that taste good. In particular, Americans are absolutely addicted to foods that are loaded with sugar and high fructose corn syrup. When you start looking at food product labels, you will find that either sugar or high fructose corn syrup is in almost everything. For example, I was absolutely amazed when I learned that most bread sold in our grocery stores contains high fructose corn syrup. Why in the world would they need to put that into our bread? Today, Americans are consuming far more sugar and high fructose corn syrup than ever before, and this has many health professionals very alarmed.

Read full article.

2012/05/102012/05/10

David Stockman: Emperor Naked, Bond Market Explodes Next

03 Economy, Civil Society, Commerce, Commercial Intelligence, Corruption, Government

The Emperor is Naked: David Stockman

Testosterone Pit, May 9, 2012

Contributed by Karen Roche and JT Long of The Gold Report. A “paralyzed” Federal Reserve Bank, in its “final days,” held hostage by Wall Street “robots” trading in markets that are “artificially medicated” are just a few of the bleak observations shared by David Stockman, former Republican U.S. Congressman and director of the Office of Management and Budget. He is also a founding partner of Heartland Industrial Partners and the author of The Triumph of Politics: Why Reagan's Revolution Failed and the soon-to-be released The Great Deformation: How Crony Capitalism Corrupts Free Markets and Democracy. The Gold Report caught up with Stockman for this exclusive interview at the recent Recovery Reality Check conference (5/4/12).

The Gold Report: David, you have talked and written about the effect of government-funded, debt-fueled spending on the stock market. What will be the real impact of quantitative easing?

David Stockman: We are in the last innings of a very bad ball game. We are coping with the crash of a 30-year–long debt super-cycle and the aftermath of an unsustainable bubble.

Quantitative easing is making it worse by facilitating more public-sector borrowing and preventing debt liquidation in the private sector—both erroneous steps in my view. The federal government is not getting its financial house in order. We are on the edge of a crisis in the bond markets. It has already happened in Europe and will be coming to our neighborhood soon.

TGR: What should the role of the Federal Reserve be?

DS: To get out of the way and not act like it is the central monetary planner of a $15 trillion economy. It cannot and should not be done.

The Fed is destroying the capital market by pegging and manipulating the price of money and debt capital. Interest rates signal nothing anymore because they are zero. The yield curve signals nothing anymore because it is totally manipulated by the Fed. The very idea of “Operation Twist” is an abomination.

Capital markets are at the heart of capitalism and they are not working. Savers are being crushed when we desperately need savings. The federal government is borrowing when it is broke. Wall Street is arbitraging the Fed's monetary policy by borrowing overnight money at 10 basis points and investing it in 10-year treasuries at a yield of 200 basis points, capturing the profit and laughing all the way to the bank. The Fed has become a captive of the traders and robots on Wall Street.

TGR: If we are in the final innings of a debt super-cycle, what is the catalyst that will end the game?

DS: I think the likely catalyst is a breakdown of the U.S. government bond market. It is the heart of the fixed income market and, therefore, the world's financial market.

Because of Fed management and interest-rate pegging, the market is artificially medicated. All of the rates and spreads are unreal. The yield curve is not market driven. Supply and demand for savings and investment, future inflation risk discounts by investors—none of these free market forces matter. The price of money is dictated by the Fed, and Wall Street merely attempts to front-run its next move.

As long as the hedge fund traders and fast-money boys believe the Fed can keep everything pegged, we may limp along. The minute they lose confidence, they will unwind their trades.

On the margin, nobody owns the Treasury bond; you rent it. Trillions of treasury paper is funded on repo: You buy $100 million (M) in Treasuries and immediately put them up as collateral for overnight borrowings of $98M. Traders can capture the spread as long as the price of the bond is stable or rising, as it has been for the last year or two. If the bond drops 2%, the spread has been wiped out.

If that happens, the massive repo structures—that is, debt owned by still more debt—will start to unwind and create a panic in the Treasury market. People will realize the emperor is naked.

Continue reading “David Stockman: Emperor Naked, Bond Market Explodes Next”

2012/05/082012/05/08

David Swanson: Bank of America Prepares for Shareholders Meeting as if Under Assault

07 Other Atrocities, 10 Transnational Crime, Commerce, Corruption

Bank of America Prepares for Shareholders Meeting as if Under Assault

Bank of America has hired G4S for its shareholder meeting. According to Wikipedia:

“G4S plc (formerly Group 4 Securicor) (LSE: GFS, OMX: G4S) is a global security services company headquartered in Crawley, United Kingdom. It is the world's largest security company measured by revenues and has operations in more than 125 countries.^[2]^[3] With over 630,000 employees, it is the world's second-largest private sector employer (after Wal-Mart Stores).^[2]^[4]”

G4S and its subsidiary Wackenhut have a lengthy criminal record:

“In March of 2006, whistle-blowers employed at Wackenhut released information to the press revealing that the company cheated on an anti-terrorism drill at a US nuclear site.

“… In 2009, an Aboriginal man from Western Australia died of heat stroke after being transported in a G4S (then GSL) van without air conditioning or water.^[26]

“… On June 13, 2010, a video posted on YouTube by documentary filmmaker James Fox showed Wackenhut guards preventing reporters from covering the BP oil spill.^[30]

“… In October 2010, three G4S-guards heavily restrained and held down 46-year old Angolan deportee Jimmy Mubenga on departing British Airways flight 77, at Heathrow Airport. Security guards kept him restrained in his seat as he began shouting and seeking to resist his deportation. Police and paramedics were called when Mubenga lost consciousness. The aircraft, which had been due to lift off, then returned to the terminal.^[31] Mubenga was pronounced dead later that evening at Hillingdon hospital.^[32]”

The kind souls from G4S, being housed in two downtown hotels by B of A, will be joined by off-duty police hired by B of A, wearing their police uniforms, and empowered to arrest on B of A's behalf and at the order of B of A security.

What is this militarized, privatized emergency preparation for?

Are foreign armies descending upon the shareholders meeting of the Bank of America?

Nope.

Actually citizens of the Country of America. Newspaper headlines explain:

Bank of America braces for protesters onslaught

“In Charlotte, protesters are expected to demand a complete halt to foreclosures, forgiveness of student loan debt, a stop to financing coal projects, an end to political spending and an end to seven-figure compensation packages.”

Uh oh. More cops! More guns! Quick! What would Bloomberg do?

The protesters' plans, of course, are for a nonviolent march and rally.

B of A billionaires aren't afraid for their physical safety. They're afraid their shareholders may side with their victims.

2012/05/072012/05/07

Tom Atlee: Wholesome Capitalism

03 Economy, 09 Justice, 11 Society, Blog Wisdom, Civil Society, Commerce, Ethics

Wholesome capitalism?

What would wholesome capitalism look like?

“Wholesome” means healthy, in the sense of something that promotes physical and moral well-being. Wholesome capitalism would take into account the wholeness of people and the social and natural world we live in, and it would enhance that wholeness.

Some people think capitalism already does this. They note how good it has been at generating wealth. The word wealth, meaning abundance, derives from roots meaning well-being and wholeness. Many of capitalism's advocates feel it should be freed from constraints so it can generate more wealth.

Others note that capitalism – while generating wealth for some – many or few, depending on its form in a particular time and place – nevertheless generates much suffering and destruction in the process. It reduces everything to money and maximizes financial return even if it has to degrade and destroy human and natural life to do it. Many of capitalism's critics feel it should be undermined or overthrown.

Still others note both the blessings and problems with capitalism. They think we can have the wealth without so much suffering and destruction. Most of these people promote freeing capitalism's creativity and productivity while restraining its rapaciousness in various ways – using everything from laws, regulations and taxes to moral suasion and consumer-shareholder activism.

In this article I advocate all three positions – odd as that may sound – but only after reframing “capital” and “wealth” to better reflect wholeness.

THE PRIMARY DYNAMIC OF CAPITALISM

The special gift of capitalism is its ability to create MORE – more products and services, more self-organized economic activity, more wealth. In systems science, this tendency to create more-ness is called a positive or reinforcing feedback dynamic.

Continue reading “Tom Atlee: Wholesome Capitalism”

2012/05/072012/05/07

Chuck Spinney: Neo-Liberalism Actually Neo-Serfdom

Commerce, Corruption, Government

One of the pillars of the neo-liberal economic policies adopted by Republicans and Democrats alike in the UK and the US is privatization of government services on the theory that free market pressures will generate greater economic efficiencies. The UK is a case study of how neo-liberal privatization policies promoted by Thatcher, Blair, and Cameron, (and in the US by Reagan, Clinton, Bush II, and maybe Obama) are changing the distribution of economic power. The attached article by James Meek, which was brought to my attention by my good friend Andrew Cockburn, is a short and not-so-sweet analysis of how the looters in the UK and the US are selling the people into a 21st Century variation of peonage.

Chuck Spinney

Human Revenue Stream

James Meek, London Review of Books, 20 March 2012

The privatisations are joining up. First it was gas. Then telecoms, oil, electricity, public housing, water, the railways, the airports. There are moves afoot to obliterate the concept of the council house; NHS hospitals are to be privately run, built and managed; now David Cameron wants to get private companies and foreign governments to ‘invest’ in Britain’s roads. What does it all mean? The episodic character of privatisation – one sector being sold, then a pause, then another – has hidden a meta-privatisation that’s passed the halfway point. The essential public good that Margaret Thatcher, Tony Blair and now Cameron sell is not power stations, or trains, or hospitals. It’s the public itself. It’s us.

The commodity that makes water and roads and airports valuable to an investor, foreign or otherwise, is the people who have no choice but to use them. We have no choice but to pay the price the tollkeepers charge. We are a human revenue stream; we are being made tenants in our own land, defined by the string of private fees we pay to exist here. If it’s not obvious that we’re being sold to investors, it’s partly because the idea of privatisation is sold so hard to us, in a way that is hypnotically familiar.

First, the denigration of the existing service, as if a universally accepted truth is being voiced: the schools/hospitals/roads are crumbling/failing/ second-class.
Then, the rejection of government responsibility: we’ve no money/bureaucrats are incompetent.
Finally, the solution: private investment.

And that investment does come, and things get shinier. Surely if the private sector weren’t replacing our old sewers, and won’t replace our old motorways and power stations, we’d need to pay higher taxes instead? The truth is that we already do pay higher taxes. They just aren’t called taxes. Our water supply system is being upgraded because of a huge water tax increase. But it isn’t called that. It’s called ‘the water bill’. As Chris Giles explained yesterday in the FT, water bills have gone up by nearly twice as much as inflation since privatisation. We pay a rail tax: it’s called ‘fare increases’. We pay an energy tax in the form of higher electricity bills, and so on.

By packaging British citizens up and selling them, sector by sector, to investors, the government makes it possible to keep traditional taxes low or even cut them.

By moving from a system where public services are supported by general taxation to a system where they are supported exclusively by the fees people pay to use them, they move from a system where the rich are obliged to help the poor to a system where the less well-off enable services, like a road network, that the rich get for what is, to them, a trifling sum.

Will there be a revolt?

There was one in the 1990s, on the Isle of Skye. Ostensibly, the private sector was going to build something the people of the island would not have had otherwise: a road bridge to the mainland, replacing the old ferry. The islanders understood what was actually happening. They were being sold as revenue stream. Instead of the bridge being built from a tiny fraction of the government budget, it was built by a private firm, which had been promised that it would be able to gouge the islanders with hefty tolls. Less general tax for British taxpayers: a huge private tax for Skye islanders.

A long campaign of civil disobedience ended in victory for the islanders when in 2004, against the tide of history, the bridge was nationalised. Skye is a small island. Britain is a big one. The plan’s the same. Let’s see what happens.

Phi Beta Iota: Emphasis added above.

See Also:

We the People Reform Coalition