Dear patient readers,
We are now at a new webhost. You will hopefully notice NOTHING different immediately. We believe the daily e-mail blast will still go out at 7 AM EDT as usual (that’s under Feedburner, so we think the timing on their server will hold) but if you get it more like 10 AM, let us know and we’ll sort it out.
Being at a new host will enable us to do some things that we couldn’t readily in our former setup (we will spare you long shaggy dog stories) and those will be addressed over time.
But because this did demand some of my attention overnight, you’ll be getting all cross posts today. We should be back to normal programming tomorrow.
Secret Climate Cost Calculations: the Sequel Triple Crisis
Cancer Patient Diagnoses the Hospital’s Chemotherapy Error Patient Safety Blog
Tokyo’s underground bike-storage robots BoingBoing (Chuck L)
Shadow banking squeeze catches up to majors MacroBusiness
Chinese economy slowing fast MacroBusiness
The ECB’s Forked-Tongue Policy To Save The Euro Wolf Richter
Big Brother is Watching You Watch:
Edward Snowden: saving us from the United Stasi of America Daniel Ellsberg, Guardian
A Real Debate on Surveillance New York Times. The editorial calls for hearings. And mirabile dictu, it scoffs at Obama’s and Feinstein’s claims to be interested in “openness”.
Majority Views NSA Phone Tracking as Acceptable Anti-terror Tactic Pew Research. The really depressing bit is the “modest” interest in these revelations.
Why Edward Snowden’s flight to Hong Kong might be brilliant Global Post (Clusterstock)
New Facebook NSA Privacy Options WeKnowMemes (John L)
The Solitary Leaker David Brooks, New York Times. Brooks’ inner authoritarian on full view. Ugly.
Government Secrets and the Need for Whistle-blowers Bruce Schneier
General Clapper Appears To Have Misled Congress And Public About NSA Program DSWright, Firedoglake
Who Are We and Why Don’t We Have Any Sense of Proportion About Terrorism? letsgetitdone Corrente
Using Metadata to find Paul Revere Kieran Healy (Chuck L). Hhm, this is a little worrisome, since NC has been singled out as similarly central in network analyses of the blogosphere. But, phew, financial bloggers aren’t persons of interest…yet….
Why Theoretical Computer Scientists Aren’t Worried About Privacy Jeremy Kun. If you are going to read only one thing about the NSA surveillance scandal today, this is the one. It shows how this statement by Obama, “But I think it’s important to recognize that you can’t have a hundred percent security and also then have a hundred percent privacy and zero inconvenience. You know, we’re going to have to make some choices as a society,” which is the logic many have been told they must accept, is yet another Big Lie.
Austerity: the greatest bait-and-switch in history BoingBoing. Grr, I can’t access the video but I have on good authority that it’s well done and lively.
New Breed of Banking Malware Hijacks Text Messages American Banker. If this is mere hackers, imagine what the National Stasi Agency could do.
Transcripts from Bradley Manning’s Trial Freedom of the Press Foundation (Matt Weidner)
New layer of secrecy emerges at Guantanamo court McClatchy (Chuck L). The way things are going, we’ll have to add a periodic “Star Chamber Watch” feature.
CFPB issues study on bank and credit union overdraft practices Consumer Law & Policy
Apple bonds lose 9 per cent in six weeks Financial Times
Banks Seen as Aid in Fraud Against Older Consumers New York Times
The real underpinning for equities Gavyn Davies, Financial Times. I don’t agree on the sustainability of this trend, not for simple mean reversion, which strikes me as a straw man, but that growth in profit share has been based on using RISING levels of consumer wages to substitute for growth in income to workers and underinvestment.
National Income: Paying Work, Not Capital Democracy Journal (Lambert)
Alan Blinder: Fiscal Fixes for the Jobless Recovery Wall Street Journal (Mark Thoma)
Antidote du jour: