A hacker has broken into the servers of Securus, a company that allows law enforcement to easily track nearly any phone across the country, and which a US Senator has exhorted federal authorities to investigate. The hacker has provided some of the stolen data to Motherboard, including usernames and poorly secured passwords for thousands of Securus law enforcement customers.
Read more: https://motherboard.vice.com/en_us/article/gykgv9/securus-phone-tracking-company-hacked
Wow, and US without a cyber security head.
But what if margins stay elevated? That too is possible, and its implications could be unsettling.
Goldman wrote: "We are always wary of guiding for mean reversion. But, if we are wrong and high margins manage to endure for the next few years (particularly when global demand growth is below trend), there are broader questions to be asked about the efficacy of capitalism."
In other words, profit margins should naturally mean-revert and oscillate. The existence of fat margins should encourage new competitors and pricing cycles that cause those margins to erode; conversely, at the bottom of the cycle, low margins should lead to weaker players exiting the business and giving stronger companies more breathing space. If that cycle doesn't continue, something strange is taking place.
Read more: http://www.bloomberg.com/news/articles/2016-02-03/goldman-sachs-says-it-may-be-forced-to-fundamentally-question-how-capitalism-is-working
Wow, not often do the cracks and misalignments get highlighted this clearly.
(sorry 'bout having it in the wrong place first)
Henry A Giroux: Beyond the Politics of the Big Lie: The Education Deficit and the New Authoritarianism
The American public is suffering from an education deficit. By this I mean it exhibits a growing inability to think critically, question authority, be reflective, weigh evidence, discriminate between reasoned arguments and opinions, listen across differences and engage the mutually informing relationship between private problems and broader public issues. This growing political and cultural illiteracy is not merely a problem of the individual, one that points to simple ignorance. It is a collective and social problem that goes to the heart of the increasing attack on democratic public spheres and supportive public institutions that promote analytical capacities, thoughtful exchange and a willingness to view knowledge as a resource for informed modes of individual and social agency. One of the major consequences of the current education deficit and the pervasive culture of illiteracy that sustains it is what I call the ideology of the big lie - which propagates the myth that the free-market system is the only mechanism to ensure human freedom and safeguard democracy.
This is NOT a short article and comes replete with 43 footnotes.
Is is not a hopeful article from what I can glean.
It does feel important tho.
edit to improve formatting
I've been working on this on and off for a couple years. See what you think.
Experimental Banana Bread:
1/4 Cup Butter
1/4 Cup Sugar
1/4 Cup Very well drained Apple Sauce
2 Med Eggs
1/4 Cup lowfat Buttermlk
1 1/2 tsp Vanilla
1 1/2 Cup lightly mashed Banana (divided)
1 Cup unbleached AP Flour
1 Cup whole grain Pastry Flour (can substitute rye or spelt)
1/2 tsp Baking Soda
1 1/2 tsp Baking Powder (scant)
3/4 tsp Sea Salt
1/2 Cup Pecans
additional pecan halves and candied or marachino cherries for decoration
In large bowl cream butter and sugar till light and fluffy. Add liquid ingredients and blend several more seconds. Scrape beaters and switch to a spoon to stir in the first cup of banana. In smaller bowl thoroughly combine dry ingredients. Add the dry to the wet and stir untill just moistened. Add the rest of the banana and the pecans, stir gently to distribute.
Makes one loaf.
(yes, this is other places on the web, yes I originated it)