Monday, November 19, 2012

news from 19nov12


In the wake of all the silliness around the General Petraeus story (and the realization that, if for instance, the FBI can read the CIA director's email then what else can they do) and the furor over the endless seemingly quixotic search for culprits in the Benghazi consulate terrorist attack or its messengers, then, it might be good to look around at what else fits this pattern of ... what is it? Information overload, sifting the wheat from the chaff, calling balls and strikes, finding context or what all else this may mean? This is all part of what I've seen is a big part of the internet's overall credibility problem.
It both is and it isn't, but how to tell?
We hear both.
"Where'd you hear that, the internet?"
This is commonly understood as calling someone out on bogus sourcing. But people forward things they find on facebook all the time despite dubious sourcing and people don't have to apologize for failing to double-check. We get it. And yet, we are constantly bombarded by so much infos out there that is immediate, well-sourced and highly relevant. You have to learn to know and trust the sources and how to both see and weed through them all.

great example here of how we are living in an information-driven age. The anon letter whether 'real' or not, to Karl Rove is a hoot. The letter on that site labeled Benghazi purportedly is from Sen. Harry Reid to Sen. John McCain last week. Remarkable!

This purports to be evidence that Honeywell don't like them no unions

This guy in the Atlantic asks why investment income isn't taxed like regular income. The answer is because it is unregulated. Why isn't it regulated? If you ask Sen. Chuck Schumer, who knows, he'll say instead it's because no one can agree on rates. Which is basically only half true. PBS has a show relating this week on Park Avenue...

Meanwhile DDay and bloomberg says finance industries off-balance sheet shadow banking practices grow unabated since 2008 collapse

The Guardian reports some are heading for special dividend payouts before the end of the year, in case we go over the fiscal cliff and Bush-era tax-cuts and exemptions disappear


and in Adventure's of Intellectual Curiosity ... the word on The Street says the disconnect between Hostess and the unions is how to 'privatize pensions'. Sun Capital has also expressed interest in the Hostess Brand but has a record of wiping pension plans from the rolls and the national law review even says this law office has a record of how to do that. So maybe not a rumor.

Debunking one myth of the glories of privatized services. They're not always more efficient in dealing with disasters like Sandy...

Karoli at C&L thinks Republican Gov's who refuse Health Care Act or the expansion of medicare actually help enable single-payer...

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