Masters of the Universe category archive
The Guardian provides in-depth reporting on the Paradise Papers.
There are multiple articles about them, the reaction to them, and their implications at the link.
In a long and thoughtful piece, Josh Marshall explains why he sees the Trump-Russia investigation and the issue of Russian bots on the Zuckerborg heading for a collision. He delivers this trenchant observation almost as an aside:
He goes on to expand on this theme later in the article:
Facebook is so accustomed to treating its ‘internal policies’ as though they were something like laws that they appear to have a sort of blind spot that prevents them from seeing how ridiculous their resistance sounds. To use the cliche, it feels like a real shark jumping moment. As someone recently observed, Facebook’s ‘internal policies’ are crafted to create the appearance of civic concerns for privacy, free speech, and other similar concerns. But they’re actually just a business model.
Marshall also senses a rising public resentment against the intrusiveness of “Big Data.”
Follow the link. It’s worth your while.
Robert Reich disputes those who argue that the working and middle classes’ income has fallen in real terms because the value of their labor has fallen. Here’s a bit:
America’s economic and political elites could have used their growing political and economic clout to help workers get ahead — through better schools and more affordable college, comprehensive job retraining, wage insurance, better public transportation and expanded unemployment insurance.
(snip some more examples)
But they did the reverse: They spent more and more of their ever-growing wealth and power on rigging the game to their own advantage.
Cloudfare pulls its services from the Neo-Nazi website, The Daily Stormer, even as the Cloudfare CEO expresses qualms about his power to do so. A snippet:
“The Daily Stormer site was bragging on their bulletin boards about how Cloudflare was one of them and that is the opposite of everything we believe,” (Cloudflare CEO Matthew–ed.) Prince said. “That was the tipping point for me.”
Still, Prince said he was not comfortable with the way he exercised his power, describing his choice to withdraw services from the Daily Stormer as arbitrary.
“It was a decision I could make because I’m the CEO of a major internet infrastructure company,” he said. “Having made that decision we now need to talk about why it is so dangerous. No one should have that power.”
Follow the link for more details and for the rest of Prince’s quite thoughtful musings on his own action.
This action makes The Daily Stormer vulnerable to DDoS attacks, which can knock it off the internet. (There is nothing particularly sophisticated about DDoS attacks; they work by overwhelming a site with so many hits that the site eventually becomes unable to respond. In other words, they knock on so many doors so rapidly that the website can’t answer them all and runs away to hide under the bed.)
Addendum, the Next Morning:
In a larger article about the pushback against America’s Neo-Nazis, TPM reports that The Daily Stormer has moved to the Dark Web because it can’t find a hosting provider.
Addendum, Later That Day:
There are other reports that The Daily Stormer now has a dot-ru (for Russia) domain. I have been unable to verify this, and I’m damned sure not exploring the Dark Web.
Well, there is some good news.
A Brooklyn jury deliberated five days before finding Shkreli guilty on three of eight counts. He had been charged with securities fraud, conspiracy to commit securities fraud and conspiracy to commit wire fraud.
Prosecutors had accused Shkreli of repeatedly misleading investors about what he was doing with their money. Mostly, he was blowing it with horrible stock picks, forcing him to cook up a scheme to recover millions in losses, they said.
Much more at the link. The story does not mention a sentencing date.
Apparently, pretty damned far.
Scandal-plagued Wells Fargo is back in hot water for signing customers up for products that they didn’t need or want. This time it’s auto insurance, and the bank says it may have cost about 20,000 people their cars.
San Francisco-based Wells Fargo acknowledged late Thursday that it enrolled roughly 570,000 auto loan borrowers for what’s known as collateral production insurance on their vehicles when the customers already had appropriate insurance. It will pay $80 million in refunds and account adjustments to those people.
If my father were alive today, he would be ashamed of the industry that he worked in for two decades.
Thom talks to Jesse Eisinger, author of The Chickenshit Club, on how justice fails to prosecute executives in this riveting two part interview.