Quotulatiousness

December 1, 2011

Economists no longer bring out the “big guns”: now they reach for the “bazooka”

Filed under: Economics — Tags: , , — Nicholas @ 12:58

Terence Corcoran has lots of examples in his latest Financial Post column:

For months now Europe has been searching for the big bazooka of economic policy to get it out of its fiscal mess. Exactly when bazookas became a core principle of economic policy isn’t clear, but it is today everywhere in use. Google “euro and bazooka” and you’ll see what I mean.

In the high precincts of economic analysis, there is general agreement that Wednesday’s move by central banks, including the Bank of Canada, the Federal Reserve and the Bank of England, to make cheap dollar loans available to European banks, while a major bailout event, falls short of reaching the level of intervention required by the high priests of bazookanomics. “It’s not the bazooka the market was seeking,” said a Wall Street Journal report.

One of the early users of the word was Hank Paulson. As U.S. treasury secretary in 2008, he famously said, “If you have a bazooka in your pocket and people know it, you probably won’t have to use it.” At the time, his theory was that the U.S. government would not have to take over control of Fannie Mae and Freddie Mac because just having the power to take them over was good enough stop a bond market run on the two bankrupt mortgage backers at the heart of the U.S. housing crash.

Nanny LCBO doesn’t think you can handle this label cartoon

Filed under: Bureaucracy, Cancon, Wine — Tags: , , , — Nicholas @ 12:53

Michael Pinkus writes about the LCBO‘s latest nanny twitch:

Stunningly Stupid … and if you happened into the LCBO this past weekend you might have noticed a cartoon-style label on a bottle of Bombing Range Red with a red sticker adorning a certain part of the label. For those who were curious and intrepid enough to remove the sticker, expecting to find profanity or nudity you were disappointed to find a glass of red wine that (with the right amount of imagination) might have resembled a bomb — or at least a glass with a bomb-style fuse. Is this a case of political correctness gone amok? Or is the LCBO afraid we’ll get bombed upon seeing the sight? Personally I am stunned at what the higher ups at the LCBO find offensive or what they think we are too … I don’t know … childish, immature, delicate (you pick your word) to see? As it turns out the truth is even more stunningly stupid then I originally thought. It was ordered to be applied by the LCBO Quality Assurance Department, because the pilot is holding a glass of wine and as part of the LCBO’s social responsibility function they don’t want to give you the impression that it is a responsible action to drink and fly … So instead of taking it as the cartoonish fun that it is, the LCBO has to go and ruin it; but the last laugh is on the Board, because anyone worth their salt will be peeling that sticker off post-haste with a “why the f**k did they cover that” question on their face and on their lips. Thanks for being there to save me LCBO, from the evils that men do.

Image of the “hidden” label from TonyAspler.com.

A defence of Jeremy Clarkson’s “strikers should be shot” comment

Filed under: Britain, Liberty, Media, Technology — Tags: , , , , , , — Nicholas @ 09:32

From, of all places, the Guardian:

How are your outrage levels today? Seen a sweary racist on a tram? Heard a TV personality make a bad joke about shooting public sector workers? Retweeted it and carefully added the correct hashtag?

Were you really, genuinely outraged?

Think about how you would have reacted to the story of an obnoxious woman on a tram seven years ago (pre-YouTube — PYT if you like). Would you have told everyone you know? Would you have asked them to tell everyone they know? Or would you have shrugged, mumbled something about the world going to hell in a handcart, and gone back to watching Top Gear, only to be confronted by Jeremy Clarkson making a hilarious joke about Spanish woman gypsy drivers (shrug again, change channel).

YouTube and Twitter are wonderful, wonderful things that have changed how we interact with the world, to the extent that I’m not sure I can remember life PYT. But they have created a mechanism by which we can we can monitor and record behaviour, whether of private citizens or public figures, play them over and over again, and share them with an alarming rapidity. Perhaps this heightened speed also leads us to feel forced into heightened reactions. Without the time to digest context and meaning we can only choose from a range of default reactions, largely based on our own prejudices.

[. . .]

Likewise with angry racist tram lady. My initial reaction to the video was “God, that’s horrible”, but as the storm grew, to the point where even Mia Farrow felt the need to tell us that she thought racism in south London was, y’know, just awful, I couldn’t help but feel sorry for the woman who had become a vessel for everyone else’s outrage. The sheer volume of righteousness becomes off-putting.

And now Clarkson, who has made a dull golf club bar joke about striking public sector workers needing to be shot. God knows the man doesn’t need my pity, but I feel driven towards feeling sorry for anyone who has several thousand people calling for their head simply because they’ve noticed that he’s done the same kind of thing he’s always done. I don’t think there’s a single reasonable person there who actually believes that Clarkson wants people to be shot for going on strike, so why do people feel the need to react the way we do? Lord knows we’re not talking about the most subtle of jokes here, but must we be so literal and unsubtle in our reaction?

Update: Just saw an update from BBCBreaking that Clarkson has apologized for the “should be shot” comment.

iPhone may not be quite as badly exposed by rootkit as Android devices

Filed under: Law, Liberty, Technology — Tags: , , , — Nicholas @ 09:05

Get your tinfoil hats out, boys, your smartphone may be logging your every move:

Blogger and iPhone hacker Chpwn believes that the controversial Carrier IQ software isn’t confined to Android devices.

In this blog post, he says a look at the /usr/bin folder reveals Carrier IQ’s agent software, identified as IQAgent in iOS 3, and either awd_ice2 or awd_ice3 on iOS 4 or iOS 5 devices.

At this point, Chpwn believes the daemon does not have access to the UI layer, which means it may not be able to capture the kind of data exposed in Android devices.

While Chpwn states that he is not certain the software is launched except when the phone is in diagnostic mode, the discovery is certain to add further momentum to the fury mounting at Carrier IQ’s surreptitious installation on consumer devices.

Update: Lifehacker offers the instructions on turning off the Carrier IQ component on your iPhone:

Hacker Chpwn discovered Carrier IQ after this week’s uproar, and while we still aren’t positive what it can track and send, he’s fairly certain it doesn’t include a keylogger like the Android version. So far it can log your phone number, your carrier, your active phone calls, and your location, though it’s unclear as to what it’s actually sending back to Apple. Luckily, there’s an easy way to turn it off. Just head to Settings > General > About > Diagnostics and Usage, and tap “Don’t Send”. That’s it! We’ve also updated our original post on Carrier IQ to include this new information.

Update, the second: Daniel Bader posts that two of the major Canadian mobile operators stated that Carrier IQ is not on the devices they sell:

Rogers has done an investigation and has confirmed that Carrier IQ is not present on any of its devices. On Twitter they stated that “Hi all. I’m happy to confirm that we have investigated and Carrier IQ is NOT on any of our devices”. TELUS also confirmed that they have not installed Carrier IQ on any of their devices. We are waiting to hear back from Bell.

Grim situation for North Korean civilians gets grimmer

Filed under: Asia, Media, Military — Tags: , , — Nicholas @ 08:58

Strategy Page reports that the North Korean government is trying to distract the population from a declining economy with talk of an invasion from South Korea:

North Korean media is taking an ominous turn. For much of the year, the big story was that everything would change in 2012, with new housing and more of everything. That failed, as it is obvious to all that the 2012 promises are not going to be fulfilled. The new pitch urges North Koreana to eat less and save food. That military is being praised, as is the artillery attack on South Korea (Yeonpyeong Island) a year ago.

The most visible aspects of the 2012 promises (and the centennial of North Korean founder Kim Il Sung) are many new construction projects in the capital. This effort is not only way behind schedule, but is putting up poorly built structures and killing hundreds of students and others who have been conscripted as unskilled labor. The government puts a positive spin on the construction, but darker views get around, despite government efforts to control the news.

While North Koreans are warned about hunger, the government is silent on why they are going to be cold. The government has greatly increased coal exports to China, meaning prices have doubled in some parts of North Korea. The government denies that exports are up sharply, but won’t say anything about the rising prices. Meanwhile, illegal tree cutting is increasingly common as people seek fuel with which to survive the cold weather. Satellite photos show the sharp difference between forestation in the north and south. Foreign aid groups believe that at least three million North Koreans are in danger of starvation. Many more North Koreans are eating less. But many North Koreans are living better. The market economy, but the legal markets and the black market, increasingly thrive.

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