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Thursday :: January 19, 2012

Hedge Funds Have Human Rights Too

The latest in corporations are people too:

Hedge funds have been known to use hardball tactics to make money. Now they have come up with a new one: suing Greece in a human rights court to make good on its bond payments.The novel approach would have the funds arguing in the European Court of Human Rights that Greece had violated bondholder rights[.]

It's probably just a semantic question (this may be the court with jurisdiction over the subject matter), but it is certainly funny, in a strange way, to see hedge funds suing in a human rights court. The optics are not the best. The legal argument goes as follows:

Legal experts suggest that the investors may have a case because if Greece changes the terms of its bonds so that investors receive less than they are owed, that could be viewed as a property rights violation — and in Europe, property rights are human rights.

(Emphasis supplied.) Ron Paul might say "We are all Europeans now!" And Mitt Romney might consider apologizing for America not agreeing that property rights are human rights.

Speaking for me only

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Facebook Gets Even More Intrusive

As if Facebook wasn't intrusive enough, it's taken another giant leap, adding new apps that tell us way more than we want to know about people we've "friended" and telling our "friends" way more than we ever intended to share.

The apps are all set up to use the “frictionless sharing” function on the social network, meaning that users only have to give an app permission to share information once. After that, the app updates automatically to a user’s profile, letting their friends know instantly what they may be eating, studying or listening to at any given moment.

So now, as soon as you buy a concert ticket, your Ticketmaster app will let your friends know what you’ve purchased immediately.

I'm so close to deleting my account entirely. It took me a half hour last night to figure out how to get rid of seeing what news articles on WAPO and Yahoo "friends" read and what they ate. [More...]

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Newt Hearts Palin as News Trots Out Wife #2

Marianne Gingrich, the second of Newt Gingrich's three wives, is ready to unload. ABC News has the interview, which as of now, it plans to air on Nightline Thursday night. Excerpts should be available during the day. They aired a short clip Weds. night with the teaser that she says "there are things voters need to know." The only direct quote is of her saying that Newt looked directly at her and told her "Calista doesn't care what I do." The interviewer asks her what that means, and then cuts out before her answer. Guess we'll find out tomorrow.

Marianne Gingrich as spoken out before. [More...]

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Wednesday :: January 18, 2012

Wednesday Night Open Thread

More DEA raids on California dispensaries.

The U.S. attorney's office press release issued today states that the raids were part of an ongoing effort to crack down on storefront dispensaries in California, and that letters "went out today to the owners and operators of currently operating or recently closed marijuana stores--nearly three dozen in Costa Mesa, and one now-shuttered store in Newport Beach. All known stores in these two South Orange County cities are now the subject of federal enforcement actions."

The Supreme Court gives a death row inmate another chance after a mailroom mix-up at his lawyer's firm caused a missed filing deadline. The opinion is here.

An alleged $62 million insider trading bust in New York. The 7 charged are accused of reaping profits on shares of Dell, Inc.

A new season of American Idol begins tonight.

This is an open thread, all topics welcome.

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SOPA Internet Blackout: Congress is Listening

Several Senators and Congresspersons have come out in opposition to SOPA and PIPA today including PIPA co-sponsor Marc Rubio.

I have decided to withdraw my support for the Protect IP Act. Furthermore, I encourage Senator Reid to abandon his plan to rush the bill to the floor. Instead, we should take more time to address the concerns raised by all sides, and come up with new legislation that addresses Internet piracy while protecting free and open access to the Internet.

Sen. Jeff Merkel:

Mark Zuckerberg comes out against SOPA on his personal FB page and got 75,000 likes in 10 minutes. It's now 45 minutes, and his post has 372,000 likes. Facebook's anti-SOPA/PIPA views are here. More blackout graphics below: [More...]

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SOPA Protest Blackouts Begin, Add Your Voice

Wikipedia is dark.

Mozilla will be dark during the day.

[More...]

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Tuesday :: January 17, 2012

The Long Game

Kevin Drum quotes Andrew Sullivan:

[Liberals] have failed to notice that from the very beginning, Obama was playing a long game.

Drum remarks:

This is sort of a watered-down version of the 11-dimensional chess hosannas that deservedly got a lot of mockery back in the day. But it wasn't true of Obama then (both his campaign and governing strategies have been fairly straightforward) and it's not necessary to explain anything now.

I agree. However, I disagree when Drum writes "Why is Obama now taking a harder, more partisan approach toward his GOP adversaries? [. . . H]e's doing it because it's an election year. It's now time for contrast, not compromise. This is Campaigning 101."

I disagree because governing requires contrast too. A pol must convince the populace that how he wants to govern is the right way to go as opposed to the policies proposed by your opponents. FDR was not FDR because he was a firebrand liberal. He governed as he did, and politicked during the governing BTW, because he thought he needed those policies for good governance and, not coincidentally, to win reelection. In terms of political style, Obama followed the Clinton way, and now, as Clinton, he fights the contrast fight, because the Third Way did not work then and will not work now.

Speaking for me only

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Tuesday Open Thread

What's on your mind today? Here's an open thread, all topics welcome.

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Wikipedia to Go Dark Tomorrow in SOPA Protest

Wikipedia will go dark tomorrow on the day of protest against SOPA.

Google will place a protest link on its home page.

“We oppose these bills because there are smart, targeted ways to shut down foreign rogue websites without asking American companies to censor the Internet,” Samantha Smith, a Google spokeswoman, said in an e-mail today.

[MORE...]

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Hearing Underway At Guantanamo for Al Nashiri

A motions hearing is underway at Guantanamo in the military commission proceeding against detainee and U.S.S. Cole bombing suspect Abd al Rahim al Nashiri. Here's the agenda. Miami Herald/McClatchy reporter Carol Rosenberg provides this backdrop. She's also at Gitmo tweeting updates. The hearing is being broadcast by closed circuit at Ft. Meade.

The big issue involves the reading of al Nashiri's legal mail. Gitmo Chief Adm. Woods will testify tomorrow about how the prison staff is reviewing legal mail. (Update: He is testifying today.) The defense motion is now available here on the court's website (You have to click on al-Nashiri's active case and then bring up the docket and then scroll down to 12/19 for the motion.) [More...]

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Monday :: January 16, 2012

Monday Night Open Thread

Another Republican debate? Is anyone here watching?

We've got snow tonight. This is an open thread, all topics welcome.

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Zappos Hacked, 24 Million Account Holders Info Taken

Zappos has been hacked -- including its database of 24 million customers.

there may have been illegal and unauthorized access to some of your customer account information...including one or more of the following: your name, e-mail address, billing and shipping addresses, phone number, the last four digits of your credit card number (the standard information you find on receipts), and/or your cryptographically scrambled password (but not your actual password)."

So the good news is Zappos kept credit card information on a separate server that wasn't hacked. The bad news is if you've ordered from Zappos, hackers now have your name and address, order information, email address and the password you used for Zappos. [More...]

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