Paul Krugman wrote an anti-cryptocurrency Op-Ed piece in the NY Times titled the “Anti-social Network“. Now, I know the Times needs to sell ad space and subscriptions, hence technical accuracy may not be exactly what they are going for, but Mr. Krugman (the classical Keynesian economist type – I don’t particularly subscribe to such schools of thought, I guess I’m not educated enough) has spewed so many inaccurate statements, false facts and just plain old indications of his total misunderstanding of the subject matter one would think it would behoove the Times to either have him issue corrections (or, since it is Op-Ed after all) have someone such as my self (you know, maybe a little less academically involved) come after him and clean up a little.
Now, where shall I start? To quote Mr. Krugman:
So how is bitcoin different? Unlike credit card transactions, which leave a digital trail, bitcoin transactions are designed to be anonymous and untraceable. When you transfer bitcoins to someone else, it’s as if you handed over a paper bag filled with $100 bills in a dark alley.
I don’t think that’s true Mr.Krugman. Let’s refer to Wikipedia’s write-up on the Crypto……………… full article at source: http://boombustblog.com/blog/item/9178-the-anti-economist-calls-bitcoin-the-anti-social-network
Is there anybody out there who can help set up a Bitcoin currency for us In Ireland????
By David Mc Williams
On Friday, both the Financial Times and the New York Times carried banner pieces criticising how Ireland is being used and, more to the point, is allowing itself to be used as part of a large tax avoidance scheme. Opinion is shifting against Ireland’s corporate tax system. And we are talking about the Financial Times and the New York Times – hardly the Worker’s Hammer or Militant.
Added to this, we have reports that the Irish corporate tax system might be a sticking point in the on-going German coalition talks as the left-leaning Social Democrats is demanding tax harmonisation in return for access to future EU bank bailout funds. Right across the political spectrum – left to right – momentum is moving against the way in which Ireland taxes its foreign corporations.
Not that long ago, at the G20 in Enniskillen, the world’s head honchos said that they would act together to level the playing field for corporation tax to prevent companies abusing tax shelters…………………
full article at source: http://www.davidmcwilliams.ie/2013/10/14/lets-talk-about-tax
By Thomás Aengus O Cléirigh
The Irish government’s attempt to re-invent the toxic banks as “Pillar community friendly banks” is just a farce. The Banks latest advertisement that floods our TV screens is insulting and an attempt to dumb down the citizens of Ireland. These toxic corrupt dens should be closed down and the directors should be doing jail time. But there is a more sinister problem here on our door step and it is in the IFSC in Dublin.
Did you know that there is approximately 1.4 trillion Euros on deposit and under Management in the various Fund management companies in the IFSC? Now I myself have two bank accounts one in Bank of Ireland and one at Allied Irish Bank and I estimate I am paying about 2.5% in costs every year (taxes) for the privilege of having these two bank accounts. I suspect that everybody else in Ireland is paying the same through the dirt tax and penal bank charges, but what taxes are the super rich paying to hide the billions in the ISFC off shore tax haven? “Nothing”. Not a single penny, No Taxes!
Remember every euro the government gives away to these billionaires they squeeze out of our health service, our educational system and our community services. Want to know why your taxes are going up in the next budget? Easy the puppet government is giving tax concessions to the likes of all these multinational corporations. Remember that when you get your water charges, your property tax etc you are paying Google’s and Apple’s taxes for them!and dont get me started on the corrupt tax avoidance scams down at Europe’s largest hot money centre the IFSC
What a great bunch of suckers we really are! Time to get these leaches to pay their proper taxes!
Ben Bernanke, Vampire Chairman (Photo credit: DonkeyHotey)
By Matt Egan
No matter who wins the White House this fall, it appears the next administration will be accepting resumes for the crucial job of chairman of the Federal Reserve.
According to The New York Times, Fed chief Ben Bernanke has told close friends he plans to step down when his term expires in early 2014 even if President Obama wins re-election this fall.
An Obama defeat seemed very likely to end Bernanke’s time at the Fed as GOP standard bearer Mitt Romney told FOX Business over the summer that he won’t reappoint the former Princeton University economist to another four-year term.
During a news conference last month, Bernanke declined to spell out his personal plans for when his term ends in January 2014.
Bernanke was first appointed to the Fed’s top post by President George W. Bush in 2006, a move that left one of the foremost experts in the Great Depression navigating the central bank through the 2008 financial crisis.
Read more: http://www.foxbusiness.com/business-leaders/2012/10/23/bernanke-probably-wont-stand-for-third-term/#ixzz2A8mUt7zv
From the Slog larest article :
Those slightly dense British politicians convinced that American attacks on our banks involved in drug-money laundering were motivated by envy may be in for a few jolts in the next few weeks, I hear. The first of these comes in the shape of US regulators being on the verge of filing such charges against that most un-British of banks (save for the presence of Tony Blair) JP Morgan.
While the extent of the inquiry taking place into JPM is for the moment vague, I’m told the liabilities could be gigantic. Morgan has already gone public to say it expects ‘heightened scrutiny’ of its compliance with laundry regulations. But I understad that, in turn, the Office of the Comptroller of the………………………..
full article at source: http://hat4uk.wordpress.com/2012/09/15/money-laundering-jp-morgan-in-the-frame-for-venezuelan-drugs-link/
This morning, if you opened your browser and went to NYTimes.com, an amazing thing happened in the milliseconds between your click and when the news about North Korea and James Murdoch appeared on your screen. Data from this single visit was sent to 10 different companies, including Microsoft and Google subsidiaries, a gaggle of traffic-logging sites, and other, smaller ad firms. Nearly instantaneously, these companies can log your visit, place ads tailored for your eyes specifically, and add to the ever-growing online file about you.
There’s nothing necessarily sinister about this subterranean data exchange: this is, after all, the advertising ecosystem that supports free online content. All the data lets advertisers tune their ads, and the rest of the information logging lets them measure how well things are actually working. And I do not mean to pick on The New York Times. While visiting the Huffington Post or The Atlantic or Business Insider, the same process happens to a greater or lesser degree. Every move you make on the Internet is worth some tiny amount to someone, and a panoply of companies want to make sure that no step along your Internet journey goes unmonetized.
Even if you’re generally familiar with the idea of data collection for targeted advertising, the number and variety of these data collectors will probably astonish you. Allow me to introduce the list of companies that tracked my movements on the Internet in one recent 36-hour period of standard web surfing: Acerno. Adara Media. Adblade. Adbrite. ADC Onion. Adchemy. ADiFY. AdMeld. Adtech. Aggregate Knowledge. AlmondNet. Aperture. AppNexus. Atlas. Audience Science
full article at source:http://www.theatlantic.com/technology/archive/2012/02/im-being-followed-how-google-151-and-104-other-companies-151-are-tracking-me-on-the-web/253758/
By Michael Ricciardi
In the first such analysis ever conducted, Swiss economic researchers have conducted a
global network analysis of the most powerful transnational corporations (TNCs).
Their results have revealed a core of 787 firms with control of 80% of this
network, and a “super entity” comprised of 147 corporations that have a
controlling interest in 40% of the network’s TNCs.
When we hear conspiracy theorist talk about this or that powerful group (or alliance
of said groups) “pulling strings” behind the scenes, we tend to dismiss or
minimize such claims, even though, deep down, we may suspect that there’s some
degree of truth to it, however distorted by the theorists’ slightly paranoid
perception of the world. But perhaps our tendency to dismiss such claims as
exaggerations (at best) comes from our inability to get even a slight grip on
the complexity of global corporate ownership; it’s all too vast and complicated
to get any clear sense of the reality.
read full article at source : http://planetsave.com/2011/08/28/who-runs-the-world-network-analysis-reveals-super-entity-of-global-corporate-control/
Mr. Hoare, who was dismissed by NoW for drink and drug problems, hit the headlines when he told The New York Times that Prime Minister David Cameron’s ex-communications chief Andy Coulson was aware of phone hacking by NoW journalists during his time as its Editor. He described as a “lie…simply a lie’’ Mr. Coulson’s claim that he did not know about it.
Mr. Hoare claimed that Mr. Coulson in fact “actively encouraged me to do it’’..
Last week, Mr. Hoare revealed more details about the practices at NoW telling The New York Times that its journalists paid police to use technology to locate people through mobile phone signals, a technique known as “pinging’’. Police said the death was being treated as “unexplained, but not thought to be suspicious’’.?????