The capitalist network that runs the world

A team at the Swiss equivalent of MIT has revealed a dense knot of power and ownership interconnections within a particular subset of the world’s transnational corporations.  It will come as no surprise that these companies are overwhelming financial firms… but this is the first time that anyone has really been able to lay out the structure of this network of power that runs the world in detail, accounting for all of the subsidiary ownerships and mutual shareholding.  Tyler Durden would be inspired.  The research paper will be published in PLoS One here Real Soon Now.

All your (drone) base are belong to us!

The virtual cockpits from which the US drone fleet are operated have been infected by a virus, anonymous Air Force sources tell Wired.  Not only that, but officials at Creech AFB in Nevada where the deathly video games are played, apparently didn’t notify the Air Force’s network security organization of the breech.  When you put this together with the extrajudicially authorized overseas executions of US citizens, well, it’s just a little bit too SkyNet for me to feel good about.

Chaos Computer Club analyzes government malware

A scathing review of an official German government trojan by the Chaos Computer Club.  They decompiled the binaries and reverse-engineered the software, and found that not only did it fail to comply with the German constitutional court’s mandate to limit its capabilities, but was so poorly designed and secured as to enable “even attackers of mediocre skill” to completely compromise any machine on which it had been installed.  Clearly not the best of German engineering!

Legalizing Crowdfunded Startups

Crowdfunding, Why the SEC Bans It, Obama Wants It, and Banks Fear It.  Kickstarter would be illegal if you were making investments in a business, instead of donations to a cause.  Even so, people have raised on occasion hundreds of thousands of dollars via the site for honor-system bound innovation.  Hopefully this will be legitimized soon.

Appalachia faces steep coal decline

Appalachia faces steep coal decline.  Peak Coal is the present day reality in all of the eastern coal basins.  How will it affect eastern energy politics?  The Powder River Basin has enough coal to power us… if we want to pay for it and dig it out of the ground, and we can ship it to the rest of the country.  But at what point does it cease to be even the economically reasonable thing to do, if you don’t care about the future.

The Coming Decline and Fall of Big Coal

The Coming Decline and Fall of Big Coal.  Appalachian mountaintop removal mining has taken off in recent years in no small part because there’s not much left worth mining underground.  All the eastern coal fields are in declining production, despite these extreme techniques, and large increases in hiring.  Yet somehow, these developments are being couched by the industry as resulting from the Obama administration and environmental regulations.  Really it’s a geological special case of that Sagan quote: “The Universe is not required to be in perfect harmony with human ambition.”

Former Xcel CEO Dick Kelly would be fine with no more coal

Former Xcel CEO Dick Kelly would be fine with no more coal.  Unfortunately, the regulatory environment that his former employer works within in Colorado, and the company’s need to protect a couple of billion dollars worth of undepreciated coal assets makes it very hard for them to move away from it.