- Losing $63 Billion to Gray Market – P&G sells the same bleach and diapers to distributors in the US and Honduras, at wildly different prices. Enterprising Central American businessmen then re-ship goods to US making a tidy profit. This is a gray market? Sounds like a free market to me! Industry isn't "losing" $63B, they're just not being allowed to cheat their American customers. Remember how in capitalism competition is supposed to drive the cost of goods to the cost of production? Where were these guys in Econ 101? (tagged: economics trade policy )
- Britain’s Antiterror Officer Resigns – The prevalence of citizen collected surveillance, whether it be news media or cell-phone videos has made it clear what a bunch of liars the Authorities are. When given the chance to cover their own asses by abusing the institutionalized trust we have in them, they seem almost always to do so. The cameras are here. They are ubiquitous. They are not going away. They might as well record the cops. (tagged: transparency security police terrorism surveillance media )
- Bill Moyers Journal William K. Black – Interview with a former regulator who worked to restructure the Savings and Loans in the 1980s, on the current state of affairs. (tagged: finance economics bailout banking moyers politics regulation )
- Sabotage suspected in widespread phone outage in Santa Clara and Santa Cruz counties – Two targeted snips of fiber optic cables in the south bay have cut off hundreds of thousands of people from cell, landline, and network connectivity, including 911 access. Working hypothesis: disgruntled union workers, upset at the fact that contract negotiations are ongoing after expiration this Saturday. How fragile our little world is it seems. (tagged: terrorism security technology internet )
- Ten principles for a Black Swan-proof world – Ten suggestions from Nassim Taleb, which we are almost certainly not going to implement voluntarily. (tagged: economics finance bailout taleb probability banking )
Shared Links for Apr 10th
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