Matt Taibbi, the Rolling Stone columnist who has produced better coverage of Wall Street corruption and government collusion than just about anyone, has a list of suggested demands for the Occupy Wall Street movement; as you'd expect from Taibbi, they're informed, uncompromising, and bang on target:
1. Break up the monopolies. The so-called "Too Big to Fail" financial companies – now sometimes called by the more accurate term "Systemically Dangerous Institutions" – are a direct threat to national security. They are above the law and above market consequence, making them more dangerous and unaccountable than a thousand mafias combined. There are about 20 such firms in America, and they need to be dismantled; a good start would be to repeal the Gramm-Leach-Bliley Act and mandate the separation of insurance companies, investment banks and commercial banks.
2. Pay for your own bailouts. A tax of 0.1 percent on all trades of stocks and bonds and a 0.01 percent tax on all trades of derivatives would generate enough revenue to pay us back for the bailouts, and still have plenty left over to fight the deficits the banks claim to be so worried about. It would also deter the endless chase for instant profits through computerized insider-trading schemes like High Frequency Trading, and force Wall Street to go back to the job it's supposed to be doing, i.e., making sober investments in job-creating businesses and watching them grow.
3. No public money for private lobbying. A company that receives a public bailout should not be allowed to use the taxpayer's own money to lobby against him. You can either suck on the public teat or influence the next presidential race, but you can't do both. Butt out for once and let the people choose the next president and Congress.
(Image: Day 8 Occupy Wall Street September 24 2011 Shankbone, a Creative Commons Attribution (2.0) image from shankbone's photostream)
In the age of Internet, discussions about the federal government and its functions are informed by and rely on our unprecedented access to federal documents. Anyone can freely view public records online, such as proposed Congressional legislation and presidential executive orders. Accessing public court documents, however, is a bit trickier. As Katherine Mangu-Ward wrote for the Wall Street Journal in 2011, “no aspect of government remains more locked down than the secretive, hierarchical judicial branch.”
It’s not just that smart cars’ Android apps are sloppily designed and thus horribly insecure; they are also deliberately designed with extremely poor security choices: even if you factory-reset a car after it is sold as used, the original owner can still locate it, honk its horn, and unlock its doors.
Josh Jacobson is a Nintendo cartridge hacker who makes homebrew cartridges for games that were never released for NES/SNES, complete with label art and colored plastic cases that makes them look like they came from an alternate universe where (for example), there was a Nintendo version of Sonic the Hedgehog.
Having a luxurious bed isn’t just a fairy tale from a catalog; it is a real, affordable possibility with offerings like this Olive+Owen bedroom set. If you’re thinking of doing some “spring cleaning”, this bed set is an easy way to completely upgrade your room in one purchase.This 20-piece collection has all of the expected slumberland elements, […]
Python is immensely popular in the data science world for the same reason it is in most other areas of computing—it has highly readable syntax and is suitable for anything from short scripts to massive web services. One of its most exciting, newest applications, however, is in machine learning. You can dive into this booming […]
Learning new skills is a great way to improve your resume and stand out from other candidates. Especially in a workforce in which many job-seekers have a wide variety of qualifications. With lifetime access to Virtual Training Company, you won’t have to choose a specific focus. You can pick up new expertise whenever you deem it […]