Lynn Parramore: The Depressing Tale of How Greedy Financial Titans Crushed Innovation and Destroyed Our Economy
Whatever happened to innovation in America?
Read more...Whatever happened to innovation in America?
Read more...Yves here. I wonder if the pattern described in this article, which is basically a brain drain of inventors to the US, is playing a meaningful role in the degradation of public education in the US. Why do the elites need to care about home-grown “talent” if they exploit the investments in schooling made by other countries?
Read more...Econ4, a group of heterodox economists, has released a short video and a statement on the “new economy” which they define as more sustainable and equitable forms of organizing “productive” activity and the resources that support them.
Read more...By lambert strether of Corrente.
Obama’s career transition from selling hope and change to selling insurance seems to be, at least so far, a wee bit rocky. Kudos to WaPo’s Sarah Kliff and Sandhya Somashekhar for breaking the story of the newest #FAIL, which required them to process 600 pages of dense HHS prose on July 5; a classic Friday document dump, with bonus points for the holiday weekend, and super double bonus sparkle pony points for following hard on the heels of another huge #FAIL, Obama’s triage of the employer reporting mandate (chirped White House apparatchick Valerie Jarrett: “We are full steam ahead for the Marketplaces [exchanges] opening on October 1.” Right onto the rocks, Val!). Kliff and Somashekhar write:
Read more...I know it probably sounds really really REALLY silly to be happy that Digg’s replacement for Google Reader is up and was a total snap to get running and have import my feeds from Google Reader (which officially dies as of July 1).
To understand why I am so pleased, you need to appreciate several things:
Read more...Given what has already been revealed about the NSA’s data gathering, if you were a clever trader and had access to this information, how would you mine it? How would you go about finding patterns or events to exploit?
Read more...Clearly the stories of Nelson Mandela and Edward Snowden are very different, but there are some parallels that almost no one in the media is willing to acknowledge.
Read more...If oil and gas is a profoundly dynamic phenomenon, then so too must be environmental risk and conflicts over natural resources—and we are not getting the full picture from the mainstream media, according to Michael T. Klare, professor of peace and world security studies at Hampshire College, TomDispatch blogger, and author of Rising Powers, Shrinking Planet: The New Geopolitics of Energy (Metropolitan Books, 2008). As risk multiply, conventional sources evaporate and we are left with “extreme” energy, renewables may be the only way to avoid war and disaster.
Read more...Some Silicon Valley figures, along with some Democratic party-aligned media outlets, have tried assailing Glenn Greenwald, and indirectly, Edward Snowden, by trying to discredit certain aspects of the Guardian account of NSA surveillance in the US. But the tech pedants’ efforts to take down Greenwald and Snowden aren’t simply petty and disingenuous, they are ultimately destructive of the interests of American technology companies and American security.
Read more...I’m opening up the thread for readers to discuss what they have done or plan to do in the wake of the revelations about the extent of NSA surveillance.
Read more...If such a thing is possible, the intelligence community’s unhappiness with Edward Snowden has ratcheted up another notch. It was bad enough that he revealed yesterday that the NSA had been hacking targets in mainland China and Hong Kong.
Read more...By Dan Fejes. Cross posted from Pruning Shears
There is an emerging theme on the left that the true blame for our metastasized domestic spying programs lies with the American people. And it’s nonsense.
Read more...Yves here. It’s important to understand the scope and caliber of the police state apparatus that’s in place. The fact that it’s “dirty” meaning error-ridden and incomplete, is likely the big reason you have analysts like Edward Snowden with wide-ranging access. You still need humans to make connections and interpretations (and that introduces another layer for errors and plants to occur). And that also no doubt is used to justify even wider-ranging and more intrusive searches, such as NSA analysts listening to personal phone conversations of soldiers stationed in Iraq. That sort of casualness leads to abuses like NSA snoops inviting their colleagues to listen in on phone sex.
Read more...Former CIA employee, most recently Booz Allen employee Edward Snowden was already the intel community’s biggest nightmare, and now this:
Read more...The NC commentariat has already done a deep dive into the IT and practical issues surrounding the NSA surveillance program leaks from Glenn Greenwald and the Guardian. This Real News Network interview with Paul Jay looks at the Administration’s initial response to those revelations. It’s a useful piece to circulate to friends and colleagues who might be unduly receptive to the “this is all done for your safety” claims. I suppose it’s useful to have Obama make it explicit he thinks that his interpretation of security needs comes before upholding the Constitution.
Read more...