Questions of Conflict in Pipeline Review New York Times
Attackers Adjusting Tactics to Evade Reputation Systems ThreatPost. One of my buddies sold a block of Class B IP addresses about 3 years ago. He wished he could have held on to them, I suspect even more so now.
Panel’s Advice on Prostate Test Sets Up Battle New York Times. A friend of mine who worked for the NIH and had been a medical researcher earlier in her career described medicine as a medieval art. Doctors do not take it well when large scale studies of current practice show that there is no evidence that a particular procedure produces positive outcomes.
Exclusive: Computer Virus Hits U.S. Drone Fleet Wired (hat tip reader Deontos)
Investors turn bears on Germany and France Financial Times
Mechanics of a euro breakdown FT Alphaville
IMF Advisor Robert Shapiro: Prepare for Global Financial Meltdown Within Two to Three Weeks Alternet (hat tip reader furzy mouse)
Businesses urge quantum leap to beat crisis Financial Times. This is really important if pressure is sustained. The big real economy forces are (rather late in the game) starting to push back against finanzkapital. This Michael Hudson article is a useful companion piece: From Marx to Goldman Sachs: The Fictions of Fictitious Capital.
President Clears Wall Street Of Crimes masaccio, FireDogLake (hat tip orionATL)
Romney Promises to Boost Defense Spending Bloomberg. As Tom Ferguson observed, “It’s the Republican jobs program.” Note the mention of increasing pressure on Iran. Glenn Greenwald discusses this further.
The NYPD, now sponsored by Wall Street Salon (hat tip reader Deontos)
Eric Cantor Condemns Occupy Wall Street ‘Mobs’: They’re ‘Pitting Americans Against Americans’ (VIDEO) Huffington Post. In case you missed it.
Bloomberg On OWS: They’re ‘Trying To Destroy The Jobs Of Working People’ TPM. Oh, so MOTUs are now mere “working people”?
Conservatives Support Protests George Washington. Erm, not sure whether “support” = “hopes to co-opt”
Obama’s Good Cop/ Bad Cop deal with the Republicans Michael Hudson. This is too close to conspiracy theory for my taste, but an interesting read. The obvious explanation is simpler: Obama was always a neoliberal/Rubinite, his true colors came out at the beginning of his Administration, when people prominent in his campaign who were prepared to be tough on banks (Volcker and Stiglitz, among others) were shunted aside and Geithner and Summers came to the fore.
SEC Cop to Back Whistleblower’s Claim Wall Street Journal
Ignoring Massive Industry Fraud, Bank Of America CEO Hypes Benefits Of Faster Foreclosures Think Progress. This is bizarre on a couple of levels. First, Think Progress is an official Democratic party messager and apparently did not get the memo from Obama that banks did nothing wrong. Second, in the so-called $8.5 billion Bank of America settlement, BoA effectively gives up servicing of distressed loans to special servicers, who are required to manage foreclosures to strict timetables. Adam Levitin read it as an admission that BofA couldn’t do the job (it was assumed that BofA would have to pay the special servicers more than it made in servicing fees to do the job). So why is Moynihan touting this, except maybe that the “speed is of the essence” message is an argument for letting the settlement go forward. Third, Moynihan posits a right to “make” a profit, not earn one (and this for running a entity that is so heavily subsidized that it can hardly be considered to be private enterprise)
Mad at bank fees? Credit unions get another look Associated Press (hat tip Joe Costello)
Checking Account Wars, Behind the Scenes New York Times
Bank Transfer Day: Remember, Remember the 5th of November Lisa Derrick, FireDogLake. Ooh, this could be very interesting.
Antidote du jour: