A militarized police state, the state subjugating private businesses according to its needs, state intrusions into the most private spheres of its citizens, executions of US citizens without trial, kidnappings - it all looks like we are moving straight into fascism. And I'm seeing the same pattern in the EU where I live since it basically copies whatever the US does. "Fascist governments encouraged the pursuit of pri…
Yeah, we've been there for about a decade now, and the mask is slipping off. The biggest question is what to do, and how to do it. Clearly, we have to fix things, but how do we fix a fascism problem that is deeply ingrained in the roots of power and spans multiple countries economic, social, military, and political structures?
Feds Threatened to Fine Yahoo $250K Daily for Not Complying with NSA's PRISM
211–220 of 246 posts
Re: Feds Threatened to Fine Yahoo $250K Daily for Not Complying with NSA's PRISM
#212Earlier quoted context omitted.
Reprising a comment from a long time ago: Nacchio was convicted of running a pump-and-dump insider trading scam that netted him ~$100MM at the expense of common public shareholders. If there's an award for "most obnoxious implication of NSA's wrongdoing", it should go to the attempted rehabilitation of people like Nacchio. Here's the indictment. It's quite straightforward. http://extras.mnginteractive.com/live/media/…
I'm just glad PRISM is nothing but an extremely expensive Rube Goldberg contraption for responding to warrants. Golly, why did Yahoo bother going to court to fight the notion that when a court issues a warrant ... "Yahoo also felt that warrantless requests placed discretion for data collection 'entirely in the hands of the Executive Branch without prior judicial involvement' thereby ceding to the government 'overly b…
When stories about PRISM first leaked, there was intense speculation that it was a system that gave the NSA direct access to servers.
Re: Feds Threatened to Fine Yahoo $250K Daily for Not Complying with NSA's PRISM
#213Earlier quoted context omitted.
Is your point that he wasn't a criminal, but had evidence and charges trumped because of his resistance? Or is your point that everyone that powerful has done something illegal, and those that are caught are "painted as scum" because of unrelated actions? In one case, we have a socially decent person (fuck "law abiding", in this context) who is wronged by "justice". In the other case, we have someone who got away wit…
If you're only going after Al Capone because you can't get him for other crimes and other tax evaders go free that's still selective enforcement.
Re: Feds Threatened to Fine Yahoo $250K Daily for Not Complying with NSA's PRISM
#214Earlier quoted context omitted.
Not GP, but: ⚫ Defendants are entitled to defense. You might even say it's in the name. ⚫ People are entitled to exploration and speculation of both history and legal issues. Legally guaranteed that right in some places. ⚫ Why are you so intent on prosecuting him? For that matter, I note a pretty pronounced pro-Spook bias in many of your posts. ⚫ The circumstances which lead to Qwest's precarious financial state were…
Do you understand what a stipulation is? Nacchio acknowledged the trades I posted from the indictment. Your argument seems to depend on recognizing a dispute where none exists.
Re: Feds Threatened to Fine Yahoo $250K Daily for Not Complying with NSA's PRISM
#215I wish there was a way to post anon here. I create a new id every now and then and post but no one sees the posting because it's new... I wish more people would be outraged by where the u.s. Is going and just leave. If you're educated, have desirable skills, you can just come to Europe. If you think you can change what's happening in the u.s. I do not agree with you. You will lose to the political class. They have 10…
Some of us are outraged by where the U.S. is going but stay to try to fix it. Otherwise you get adverse selection effects, like when all the non-crazies left New Hampshire. Plus have you ever had a European burrito? It's not pretty.
Do you truly believe you'll be able to change anything? Remember, people that reason about these sorts of things are the exception, not the rule. The majority just gobble up whatever "militaristic propaganda" (as one of the siblings called it) is fed to them by the media.
Re: Feds Threatened to Fine Yahoo $250K Daily for Not Complying with NSA's PRISM
#216Earlier quoted context omitted.
For internet companies, profits are nearly meaningless. Profits are just a financial game these companies play with Wall Street, moving investments from one quarter or year to another by playing around with amortization and other financial tricks to hit EPS targets, a metric that only makes sense for Coca-Colas and GEs. Revenue is what matters, and the $7.2 billion in revenue Yahoo generated in 2008 leaves plenty of…
While financial games are a significant issue, I wouldn't discount profit entirely. Looking at the components of cost-of-revenues will give you some idea of how easy that money is. It's actually a fairly interesting point on reflection. I look at it as metabolic efficiency. Note that YHOO's profit margins are fairly high as well.
Re: Feds Threatened to Fine Yahoo $250K Daily for Not Complying with NSA's PRISM
#217Earlier quoted context omitted.
The gov't builds cases using the testimony of criminal conspirators against their accomplices all of the time. Are all of those cases are a sham? If no, then all of your noise about Nacchio's stock sales is irrelevant to the matter of whether the government's prosecution was in retaliation against him.
I believe this is a non sequitur argument. I'm not arguing that the government didn't "retaliate" against Nacchio. I have actually no idea whether they did or didn't (it's tricky to tease it out given the timing of the prosecution, which again happened during a wave of similar prosecutions). My point is that people should be wary about rehabilitating people like Nacchio. The accepted facts of that case do not paint a…
As for peoples' sympathy for Nacchio, I'll tell you that I think that a company executive who cheats on stock options is not a rare thing. It's not my favorite thing, but the degree to which that affects me personally is close to nil; but a telecomm executive who (allegedly) told the NSA to piss off is something that affects me, and worth a second glance. Nacchio has been consistent in his denials and allegations throughout and continues to be to this day.
Here is an interview from March. http://www.foxbusiness.com/business-leaders/2014/03/27/forme...
And one from May http://denver.cbslocal.com/2014/05/28/defiant-joe-nacchio-la...
>But I have an even bigger problem with accepting what seem to be obvious falsehoods in the service of that perspective.
What seem to be? They either are obvious falsehoods or they are not. And, I have to tell you that the things that are obvious to you and the things that are obvious to me are not always of the same set. I can't even begin to imagine what kind of saint a person would have to be to earn standing in your court.
Re: Feds Threatened to Fine Yahoo $250K Daily for Not Complying with NSA's PRISM
#218Earlier quoted context omitted.
I believe this is a non sequitur argument. I'm not arguing that the government didn't "retaliate" against Nacchio. I have actually no idea whether they did or didn't (it's tricky to tease it out given the timing of the prosecution, which again happened during a wave of similar prosecutions). My point is that people should be wary about rehabilitating people like Nacchio. The accepted facts of that case do not paint a…
Unless I am missing something, your premise is that Nacchio is a cheat, and therefore we should discount anything he says about the motives behind the government's prosecution of him. Is that correct? Need I remind you that the government are confirmed cheats and liars here, as well? The judge who tried and sentenced him? Resigned in disgrace afterwards from some sort of sex scandal. See how Ad Homs work? As for peop…
I do not care what Nacchio has to say. You can find anything he says compelling and that is fine.
I am saying that independent of anything Nacchio has to say, he does not appear to have been convicted on trumped-up charges. But that belief is extremely common; even Jason Kottke featured it on his popular blog.
Re: Feds Threatened to Fine Yahoo $250K Daily for Not Complying with NSA's PRISM
#219This is nothing compared to what allegedly happened to QWest. When the US Government was forcing telecom by telecom to install taps into their business's core routing hubs Joseph Nacchio, the CEO at the time, dug his heels in demanding legal avenues to avoid turning his back on QWest's customers. The US threatened to pull out large contracts that made up a large part of QWest's business. Furthermore, having been serv…
I'm curious why you consider government meddling, blackmail, coercion and manipulation as an "invisible hand"? Purely because it's not known to the populace?
If you want more meat than that: the US government, and in fact the majority of modern Western-style governments, do not directly control enterprises ("that's fascism/marxism/communism") but there remains a need for governments to interact and leverage infrastructure, information and capabilities of private enterprises - a need that can not be fulfilled by the blunt instrument of eminent domain.
Western style governments instead rely on coercion and leverage and also provide market advantages (and sometimes "Soft Power"; look that up) to achieve policy goals. The idea is then that governments nudge private enterprises to efficiently allocate their resoures for the greater good that individual customers and market pressures can't account for (because the calculus of a consumer doesn't include national strategy and because access to restricted information can't make it into the marketplace).
A fantastic example of that is the global cyberintelligence war, which the US and Five Eyes would very much like to win, and you should a tleask hope that we don't lose. [The vast majority of the Snowden leaks are about international espionage and sabotage (not about 'terrorism', the 2000's boogyman; find more in previous comments by yours truly).] There are other examples such as private enterprises with shared strategic interests having been invited to participate in international treaties like the Trans Pacific Partnership.
This has its own sort of internal self-consistent logic that is somewhat grounded in, although also represents a significant departure from, the ideas of Western 'Enlightenment' thinkers.
A criticism of this sort of leverage is that it has to grow more and more intense as the need, frequency, and scope of demands intensify due to resource exhaustion, accumulating expenses/promises, and competition with large centrally organized states and other Western-style states that are willing to interfere more to compete more (the 'prisoner dilemma' or 'tragedy of the commons' scenario). Every person you ask will give you a different answer on how much of this behavior, if any at all, has been happening.
The current conception of the state is that it must correct the market where it fails to allocate things efficiently (natural monopolies, etc) and that it may also collectivize cost where chance or circumstance have the power ruin individuals (providing emergency services during storms, snowplows during winter, equal access to education even for the poverty stricken) for the same reason people collectivize risk via insurance. But that otherwise it should remain minimal in size. I acknowledge there are debates about the concept of the state that would fill libraries. These are broad strokes.
States have learned that wielding private enterprises for both Soft Power (having the world rely on US company services or Chinese goods, owning water supply [Nestle]) and coercive power (withholding access to treatments and cures of diseases, manipulating social media to stir unrest, exporting favorable financial regulations via the WTO and World Bank [why BRICS made their own]) and by giving domestic corporations favors so that they can compete internationally (traditionally tariffs, huge tax subsidies (sugar), and recently information from the cyberintelligence war) as well as financial manipulations (manipulating currency exchange rates so that they are favored for export) enable them to achieve policy goals. Countries must participate if their competitors are, sort of like a cold war but without the existential threat of annihilation.
So states play a large part in the fluxuations of markets. Some of this is highly public ("Today at 9:00, China bans bitcoins"), but others are surreptitious.
In so many words: because it is 'invisible' and because it is a 'hand'.
Re: Feds Threatened to Fine Yahoo $250K Daily for Not Complying with NSA's PRISM
#220Earlier quoted context omitted.
Do you understand what a stipulation is? Nacchio acknowledged the trades I posted from the indictment. Your argument seems to depend on recognizing a dispute where none exists.
The trades having happened doesn't mean that the rest of the Government's case was relevant. Were there other trades outside this period?