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Daily Archives: April 3, 2015

Brookings Essay – Life, Liberty, and the Pursuit of Terrorists

The Big Snoop – The divergent views of four respected experts help frame the debate over the future of the NSA in the Snowden Era – Stuart Taylor, Jr.:  “With the approach of the first anniversary of the most copious and sensational leakage of intelligence secrets in history, the consequences of his actions continue to reverberate. In addition to evidence that the NSA had been collecting and storing some of the phone records of most Americans as well as the emails and other private Internet correspondence of many citizens, Snowden revealed that the agency has the ability — and indeed the practice — of listening in on phone conversations of foreign officials, most notoriously (but no longer) Angela Merkel, the chancellor of Germany. America’s diplomacy has been hobbled, its image abroad tarnished, its alliances strained, its government’s standing in the eyes of its own people damaged, its policies challenged in court and, in some cases, already undergoing major revision at the behest of the White House. The NSA itself is in trouble with otherwise friendly foreign governments and also with the giants of the American high-tech sector on which it depends for hardware, software, systems-design, encryption and decryption techniques, and cooperation in providing information about their customers… I have focused my own attempt to cover this story on four prominent, knowledgeable, and respected experts whose differing perspectives on the problem and its solution help frame the debate.”

EFF – Automakers Say You Don’t Really Own Your Car

News release: “EFF is fighting for vehicle owners’ rights to inspect the code that runs their vehicles and to repair and modify their vehicles, or have a mechanic of their choice do the work. At the moment, the anti-circumvention prohibition in the Digital Millennium Copyright Act arguably restricts vehicle inspection, repair, and modification. If EFF… Continue Reading

Discussion of “Systemic Risk and the Solvency-Liquidity Nexus of Banks”

Federal Reserve Bank of New York – Discussion of “Systemic Risk and the  Solvency-Liquidity Nexus of Banks” April 2015   Number 722  Tobias Adrian “Pierret (2015) presents empirical analysis of the solvency-liquidity nexus for the banking system, documenting that a shock to the level of banks’ solvency risk is followed by lower short-term debt. Conversely, higher short-term… Continue Reading

Occupational employment and wages in 2014

BLS, April 2, 2015 – “The occupations with the largest employment in May 2014 were retail salespersons and cashiers. These two occupations combined made up nearly 6 percent of total U.S. employment. There were 4.6 million retail salespersons and 3.4 million cashiers employed in May 2014. The 10 largest occupations accounted for 21 percent of… Continue Reading