Posts filed under “War/Defense”
North Korea’s cyberattack on Sony Pictures exposed a new reality: you don’t have to be a superpower to inflict damage on U.S. corporations
If most people remember anything about the North Korean government’s cyberattack against Sony Pictures last November, it’s probably that there was a lot of juicy gossip in leaked emails about movie stars, agents, and studio executives. There was also an absurd quality to the whole episode, which was over an ill-advised movie comedy about the assassination of North Korea’s leader, which the North Koreans did not find funny. The weirdness of it all has obscured a much more significant point: that an impoverished foreign country had launched a devastating attack against a major company on U.S. soil and that not much can be done about it. In some ways it’s another milestone in the cyberwars which are just beginning to heat up, not cool down.
There are very few government checks on what America’s sweeping surveillance programs are capable of doing. John Oliver sits down with Edward Snowden to discuss the NSA, the balance between privacy and security, and dick-pics.
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To commemorate this most interesting of gilts we have made a film about War Loan – one that tells the economic history of the UK through wars, default, the re-joining and leaving of the gold standard, the inflationary 1970s, the loss of the UK’s AAA credit rating, and finally the deflation that has followed the Great Financial Crisis.
How to Stop Terrorism: 7 Ways to Drain the Swamp In the wake of the barbaric Paris terror attack, everyone is debating how to stop further terrorism. Some say we need more war against Islamic countries … or more spying … or more crackdowns on our liberties. But – despite what the talking heads may…Read More
Overview The Euro has declined to around US$1.19. However, net short speculative positions have, once again, risen to extreme levels, which worries me. Tomorrow’s December EZ CPI inflation data is highly important. The Bloomberg forecast is for a reading of -0.1% Y/Y, as opposed to +0.3% in November. Tomorrow’s FED minutes will also be very…Read More