Quotulatiousness

April 21, 2013

EU banking governance as situational comedy

Filed under: Bureaucracy, Economics, Europe — Tags: , , , — Nicholas @ 09:14

In the Telegraph, Jeremy Warner pokes a bit of fun at the EU’s self-inflicted media pratfalls over the Cypriot banking “bailout”:

For the last time, I never used the word “template”. Thus said Jeroen Dijsselbloem, President of the Eurogroup, at his IMF press conference on Saturday. This is about whether the troika’s disastrous mishandling of the Cypriot bailout should be used as a model for future banking insolvencies in the eurozone. The row shows no sign of abating. OK, so Mr Dijsselbloem never did use the word “template” in originally welcoming the Cypriot defenestration, but that’s what he meant, forcing him quickly to backtrack when it was pointed out to him that his remarks might prompt a run on banks elsewhere in the eurozone.

But hold on a moment. Wolfgang Schauble, the German finance minister, said on Friday that Cyprus did provide a model in terms of bailing in depositors, so who’s right? Well it is sort of a model, Mr Dijsselbloem said at his IMF press conference, in the sense that common principles would in future be applied to banking resolution, but each case would no doubt be different and have its own defining characteristics. All clear now?

Gary Johnson on legalizing marijuana

Filed under: Law, Liberty, USA — Tags: , , , , — Nicholas @ 09:03

Former New Mexico governor and Libertarian presidential candidate Gary Johnson explains why he bucked conventional wisdom and became the first serving governor to call for the legalization of marijuana:

In 1999, as the Republican Governor of New Mexico, I made some waves by becoming the highest ranking elected official in the nation to call for the legalization of marijuana use and to publicly state the obvious: The War on Drugs is an “expensive bust.”

At that time, advocating the legalization of marijuana was considered an outrageous — and ill-advised — position to take. Polls clearly showed the public wasn’t yet ready to accept marijuana legalization, and there was absolutely no conventional political wisdom to support my decision.

So, why did I jump off that political cliff? The answer is simpler than you might think, and it applies even more today than it did more than 20 years ago. As I tried to do with virtually every policy issue the State of New Mexico faced, I looked at our drug laws through the lens of costs versus benefits. And the picture became very clear very quickly.

From the policeman on the street to the courts, prosecutors, and prisons, our legal system was overwhelmed by the task of enforcing a modern-day Prohibition that frankly made no more sense than the one that was repealed almost 80 years ago. Were we safer? Was drug abuse being reduced? Were we benefiting in any measurable way from laws that criminalize personal choices that are certainly no more harmful to society than alcohol use? The answer to all those questions was a pretty resounding “NO.”

“Fatally flawed” CISPA bill passed by US congress

Filed under: Law, Liberty, Media, Technology — Tags: , , , , , , — Nicholas @ 08:57

The BBC reports on the unwelcome CISPA bill and its progress through the legislative machinery:

The US House of Representatives has passed the controversial Cyber Information Sharing and Protection Act.

Cispa is designed to help combat cyberthreats by making it easier for law enforcers to get at web data.

This is the second time Cispa has been passed by the House. Senators threw out the first draft, saying it did not do enough to protect privacy.

Cispa could fail again in the Senate after threats from President Obama to veto it over privacy concerns.

[. . .]

The bill could fail again in the Senate after the Obama administration’s threat to use its veto unless changes were made. The White House wants amendments so more is done to ensure the minimum amount of data is handed over in investigations.

The American Civil Liberties Union has also opposed Cispa, saying the bill was “fatally flawed”. The Electronic Frontier Foundation, Reporters Without Borders and the American Library Association have all voiced similar worries.

Documentary War for the Web includes final interview with Aaron Swartz

Filed under: Liberty, Media, Technology — Tags: , , , , , — Nicholas @ 08:51

CNET‘s Declan McCullagh talks about an upcoming documentary release:

From Aaron Swartz’s struggles with an antihacking law to Hollywood’s lobbying to a raft of surveillance proposals, the Internet and its users’ rights are under attack as never before, according to the creators of a forthcoming documentary film.

The film, titled War for the Web, traces the physical infrastructure of the Internet, from fat underwater cables to living room routers, as a way to explain the story of what’s behind the high-volume politicking over proposals like CISPA, Net neutrality, and the Stop Online Piracy Act.

“People talk about security, people talk about privacy, they talk about regional duopolies like they’re independent issues,” Cameron Brueckner, the film’s director, told CNET yesterday. “What is particularly striking is that these issues aren’t really independent issues…. They’re all interconnected.”

The filmmakers have finished 17 lengthy interviews — including what they say is the last extensive one that Swartz, the Internet activist, gave before committing suicide in January — that have yielded about 24 hours of raw footage. They plan to have a rough cut finished by the end of the year, and have launched a fundraising campaign on Indiegogo that ends May 1. (Here’s a three-minute trailer.)

Swartz, who was charged under the Computer Fraud and Abuse Act, faced a criminal trial that would have begun this month and the possibility of anywhere from years to over a decade in federal prison for alleged illegal downloads of academic journal articles. He told the filmmakers last year, in an interview that took place after his indictment, that the U.S. government posed a more serious cybersecurity threat than hackers:

    They cracked into other countries’ computers. They cracked into military installations. They have basically initiated cyberwar in a way that nobody is talking about because, you know, it’s not some kid in the basement somewhere — It’s President Obama. Because it’s distorted this way, because people talk about these fictional kids in the basement instead of government officials that have really been the problem, it ends up meaning that cybersecurity has been an excuse to do anything…

    Now, cybersecurity is important. I think the government should be finding these vulnerabilities and helping to fix them. But they’re doing the opposite of that. They’re finding the vulnerabilities and keeping them secret so they can abuse them. So if we do care about cybersecurity, what we need to do is focus the debate not on these kids in a basement who aren’t doing any damage — but on the powerful people, the people paying lots of money to find these security holes who then are doing damage and refusing to fix them.

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