(WallStCheatSheet) – The Information Age is hardly out of the womb. It’s still gasping for first breaths while we clean it off to get a better look.
However, many people and businesses act as if the Information Age is ready for Long Term Care Insurance. Don’t buy what they’re selling.
Recently, Google (GOOG) and Verizon (VZ) started lobbying to end net neutrality. Essentially, they want to create multiple lanes of information traffic, and each lane will have different delivery speeds (see their clever loophole below). This is great for the companies because they want to better price discriminate among their customers. This is horrible for the Internet (in current form) because we have no idea how badly we will choke information and innovation if we cut the cloth this early in the game. Read entire article
For the last few months I have been casting around looking for bullish data points as counterfactuals to my more bearish long-term outlook. I have found some, but not enough. If you recall, early this year, I stated that we are in depression, making the case for the ongoing downturn as a depression with a small ‘d.’
No longer the stuff of disturbing futuristic fantasies, an arsenal of “crowd control munitions,” including one that reportedly made its debut in the U.S., was deployed with a massive, overpowering police presence in Pittsburgh during last week’s G-20 protests. Continue reading →
(WPost) – China’s military launched war games Tuesday aimed at deploying forces at long distances, reflecting moves to ensure security in the restive western regions of Tibet and Xinjiang. Continue reading →
As questions about gun rights swirl around the nomination of a new Supreme Court Justice, and debate continues over attempts in Congress to make it easier to carry concealed weapons state-to-state, an increasing number of Long Islanders are applying for pistol permits. Continue reading →
(Bloomberg) – Swine flu vaccine makers may rely on a U.S. emergency declaration to use experimental additives made by GlaxoSmithKline Plc and Novartis AG to boost a limited supply of shots that will be available to fight the pandemic. Continue reading →
(USNews) – It’s not enough to prosecute these murders as murders. They are hate-motivated crimes and each of these men had been under some sort of police surveillance prior to their actions. Isn’t it time we started rounding up promoters of hate before they kill? Continue reading →
Iran is in the midst of a multi-year plan that it hopes will culminate in the production of several hundred missile launchers and over 1,000 long-range ballistic missiles within the next six years, according to estimates in the Israeli defense establishment. Continue reading →