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FOCUS | Conservative Political Correctness Print
Saturday, 06 September 2014 13:00

Krugman writes: "And there but for the grace of Bernanke go we. Things in the United States are far from O.K., but we seem (at least for now) to have steered clear of the kind of trap facing Europe. Why?"

Paul Krugman. (photo: NYT)
Paul Krugman. (photo: NYT)


Conservative Political Correctness

By Paul Krugman, The New York Times

06 September 14

 

n Thursday, the European Central Bank announced a series of new steps it was taking in an effort to boost Europe’s economy. There was a whiff of desperation about the announcement, which was reassuring. Europe, which is doing worse than it did in the 1930s, is clearly in the grip of a deflationary vortex, and it’s good to know that the central bank understands that. But its epiphany may have come too late. It’s far from clear that the measures now on the table will be strong enough to reverse the downward spiral.

And there but for the grace of Bernanke go we. Things in the United States are far from O.K., but we seem (at least for now) to have steered clear of the kind of trap facing Europe. Why? One answer is that the Federal Reserve started doing the right thing years ago, buying trillions of dollars’ worth of bonds in order to avoid the situation its European counterpart now faces.

You can argue, and I would, that the Fed should have done even more. But Fed officials have faced fierce attacks all the way. Pundits, politicians and plutocrats have accused them, over and over again, of “debasing” the dollar, and warned that soaring inflation is just around the corner. The predicted surge in inflation has never arrived, but despite being wrong year after year, hardly any of the critics have admitted being wrong, or even changed their tune. And the question I’ve been trying to answer is why. What is it that makes a powerful faction in our body politic — call it the deflation caucus — demand tight money even in a depressed, low-inflation economy?

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The US Government's Secret Plans to Spy for American Corporations Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=29455"><span class="small">Glenn Greenwald, The Intercept</span></a>   
Saturday, 06 September 2014 09:15

Greenwald writes: "Throughout the last year, the U.S. government has repeatedly insisted that it does not engage in economic and industrial espionage, in an effort to distinguish its own spying from China's infiltrations of Google, Nortel, and other corporate targets."

Glenn Greenwald. (photo: Salon)
Glenn Greenwald. (photo: Salon)


The US Government's Secret Plans to Spy for American Corporations

By Glenn Greenwald, The Intercept

06 September 14

 

hroughout the last year, the U.S. government has repeatedly insisted that it does not engage in economic and industrial espionage, in an effort to distinguish its own spying from China’s infiltrations of Google, Nortel, and other corporate targets. So critical is this denial to the U.S. government that last August, an NSA spokesperson emailed The Washington Post to say (emphasis in original): “The department does ***not*** engage in economic espionage in any domain, including cyber.”

After that categorical statement to the Post, the NSA was caught spying on plainly financial targets such as the Brazilian oil giant Petrobras; economic summits; international credit card and banking systems; the EU antitrust commissioner investigating Google, Microsoft, and Intel; and the International Monetary Fund and World Bank. In response, the U.S. modified its denial to acknowledge that it does engage in economic spying, but unlike China, the spying is never done to benefit American corporations.

Director of National Intelligence James Clapper, for instance, responded to the Petrobras revelations by claiming: “It is not a secret that the Intelligence Community collects information about economic and financial matters…. What we do not do, as we have said many times, is use our foreign intelligence capabilities to steal the trade secrets of foreign companies on behalf of—or give intelligence we collect to—U.S. companies to enhance their international competitiveness or increase their bottom line.”

But a secret 2009 report issued by Clapper’s own office explicitly contemplates doing exactly that. The document, the 2009 Quadrennial Intelligence Community Review—provided by NSA whistleblower Edward Snowden—is a fascinating window into the mindset of America’s spies as they identify future threats to the U.S. and lay out the actions the U.S. intelligence community should take in response. It anticipates a series of potential scenarios the U.S. may face in 2025, from a “China/Russia/India/Iran centered bloc [that] challenges U.S. supremacy” to a world in which “identity-based groups supplant nation-states,” and games out how the U.S. intelligence community should operate in those alternative futures—the idea being to assess “the most challenging issues [the U.S.] could face beyond the standard planning cycle.”

One of the principal threats raised in the report is a scenario “in which the United States’ technological and innovative edge slips”— in particular, “that the technological capacity of foreign multinational corporations could outstrip that of U.S. corporations.” Such a development, the report says “could put the United States at a growing—and potentially permanent—disadvantage in crucial areas such as energy, nanotechnology, medicine, and information technology.”

How could U.S. intelligence agencies solve that problem? The report recommends “a multi-pronged, systematic effort to gather open source and proprietary information through overt means, clandestine penetration (through physical and cyber means), and counterintelligence” (emphasis added). In particular, the DNI’s report envisions “cyber operations” to penetrate “covert centers of innovation” such as R&D facilities.

 

In a graphic describing an “illustrative example,” the report heralds “technology acquisition by all means.” Some of the planning relates to foreign superiority in surveillance technology, but other parts are explicitly concerned with using cyber-espionage to bolster the competitive advantage of U.S. corporations. The report thus envisions a scenario in which companies from India and Russia work together to develop technological innovation, and the U.S. intelligence community then “conducts cyber operations” against “research facilities” in those countries, acquires their proprietary data, and then “assesses whether and how its findings would be useful to U.S. industry” (click on image to enlarge):

The document doesn’t describe any previous industrial espionage, a fact the DNI’s office emphasized in responding to questions from The Intercept. A spokesman, Jeffrey Anchukaitis, insisted in an email that “the United States—unlike our adversaries—does not steal proprietary corporate information to further private American companies’ bottom lines,” and that “the Intelligence Community regularly engages in analytic exercises to identify potential future global environments, and how the IC could help the United States Government respond.” The report, he said, “is not intended to be, and is not, a reflection of current policy or operations.”

 

Yet the report describes itself as “an essential long-term piece, looking out between 10 and 20 years” designed to enable ”the IC [to] best posture itself to meet the range of challenges it may face.” Whatever else is true, one thing is unmistakable: the report blithely acknowledges that stealing secrets to help American corporations secure competitive advantage is an acceptable future role for U.S. intelligence agencies.

In May, the U.S. Justice Department indicted five Chinese government employees on charges that they spied on U.S. companies. At the time, Attorney General Eric Holder said the spying took place “for no reason other than to advantage state-owned companies and other interests in China,” and “this is a tactic that the U.S. government categorically denounces.”

But the following day, The New York Times detailed numerous episodes of American economic spying that seemed quite similar. Harvard Law School professor and former Bush Justice Department official Jack Goldsmith wrote that the accusations in the indictment sound “a lot like the kind of cyber-snooping on firms that the United States does.” But U.S. officials continued to insist that using surveillance capabilities to bestow economic advantage for the benefit of a country’s corporations is wrong, immoral, and illegal.

Yet this 2009 report advocates doing exactly that in the event that ”that the technological capacity of foreign multinational corporations outstrip[s] that of U.S. corporations.” Using covert cyber operations to pilfer “proprietary information” and then determining how it ”would be useful to U.S. industry” is precisely what the U.S. government has been vehemently insisting it does not do, even though for years it has officially prepared to do precisely that.

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FOCUS | Richard Posner Is Tired of Your Bullshit Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=11104"><span class="small">Charles Pierce, Esquire</span></a>   
Friday, 05 September 2014 13:08

Pierce writes: "On Thursday, federal judge Richard Posner was remarkably plain-spoken in his decision that overturned anti-marriage equality laws in both Indiana and Wisconsin."

Judge Richard Posner. (photo: Sally Ryan Photography)
Judge Richard Posner. (photo: Sally Ryan Photography)


Richard Posner Is Tired of Your Bullshit

By Charles Pierce. Esquire

05 September 14

 

n Thursday, federal judge Richard Posner was remarkably plain-spoken in his decision that overturned anti-marriage equality laws in both Indiana and Wisconsin. And when I say "overturned," I mean "tore into tiny pieces, lit on fire, and fed through a wood chipper and into an acid bath."

"Heterosexuals get drunk and pregnant, producing unwanted children; their reward is to be allowed to marry. Homosexual couples do not produce unwanted children; their reward is to be denied the right to marry. Go figure."

"Go figure?"

Oh, just tell them to fk off, Your Honor. Go for the gold.

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Growing Pressure on Obama to Do Something Stupid Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=9160"><span class="small">Andy Borowitz, The New Yorker</span></a>   
Thursday, 04 September 2014 15:20

Borowitz writes: "Arguing that his motto "Don't do stupid stuff" is not a coherent foreign policy, critics of President Obama are pressuring him to do something stupid without further delay."

Barack Obama, when he was a senator, during the confirmation hearing for secretary of state-designate Condoleezza Rice in 2005. (photo: Gerald Herbert/AP)
Barack Obama, when he was a senator, during the confirmation hearing for secretary of state-designate Condoleezza Rice in 2005. (photo: Gerald Herbert/AP)


Growing Pressure on Obama to Do Something Stupid

By Andy Borowitz, The New Yorker

04 September 14

 

The article below is satire. Andy Borowitz is an American comedian and New York Times-bestselling author who satirizes the news for his column, "The Borowitz Report."

rguing that his motto “Don’t do stupid stuff” is not a coherent foreign policy, critics of President Obama are pressuring him to do something stupid without further delay.

Sen. John McCain (R-Ariz) and Sen. Lindsey Graham (R-S.C.) led the attack on Thursday, blasting Obama for failing to craft a stupid response to crises in Iraq, Syria, and Ukraine.

“Instead of reacting to these events with the haste and recklessness they deserve, the President has chosen to waste valuable time thinking,” McCain said. “This goes against the most fundamental principles of American foreign policy.”

Graham also expressed frustration with the President, telling reporters, “The American people are waiting for President Obama to do something stupid, but their patience is wearing thin.”

In his most withering criticism, McCain called Obama’s “stubborn refusal to do stupid stuff” a failure of leadership. “If I were President, you can bet your bottom dollar I would have done plenty of stupid stuff by now,” he said.

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The Innocent on Death Row Print
Thursday, 04 September 2014 15:15

Excerpt: "The exoneration of two North Carolina men who spent 30 years in prison - one on death row - provides a textbook example of so much that is broken in the American justice system."

Botched executions are becoming the norm. (photo: AP)
Botched executions are becoming the norm. (photo: AP)


The Innocent on Death Row

By The New York Times | Editorial

04 September 14

 

he exoneration of two North Carolina men who spent 30 years in prison — one on death row — provides a textbook example of so much that is broken in the American justice system. And it is further evidence (as though more were needed) that the death penalty is irretrievably flawed as well as immoral.

In late September 1983, an 11-year-old girl named Sabrina Buie was found murdered in a soybean field in Robeson County. She had been raped, beaten with sticks and suffocated with her own underwear.

Within days, police got confessions from two local teenagers, Henry Lee McCollum, 19 at the time, and his half brother, Leon Brown, who was 15. Both were convicted and sentenced to death.

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