Tag Archives: BBC

May 7, 2015 · 20:38

The money kept rolling in

This is the thought I am having right now, the song from Evita, sung by Antonio ‘the desperado’ Banderas. It is happening now, hidden off the tracks and hidden in a mere 5 words in an article of 869 words. The words ‘the ECB raised the ceiling’ is heart here, just as Greece is about to forfeit, they get 2 billion. The ceiling raised and the rest gets to pay for the unacceptable behaviour of Syriza (at http://www.theguardian.com/world/2015/may/06/greek-debt-default-avoided-after-200m-payment-to-imf).

So as we see messages on deadlocks, why do we allow for this status quo to go on?

So consider the events for next week where when we consider “The International Monetary Fund confirmed it had received the repayment, allowing the debt-stricken country’s rescue package to remain in place until next week when another €750m is due to the Washington-based organisation“, so 2 billion frees up because a mere 10% of the new added debt ceiling has been received. How is this even conceivable? This does offer the thought that the new debt ceiling will cover the next 750M debt payment too?

Will we see theatrics as they make payment as Greece states how they were able to manage the payment? I wonder how that goes over with voting Britain today as they too will feel the additional payments towards Greece. It might be a mere 200 euro’s for every Greek, but it is not the first payment and this comes whilst Greece still has to mature 2.8 billion in T-bills. Where will that money come from?

An additional quote to consider is “many issues remained unresolved between Greece and its lenders, and agreement at next Monday’s meeting of Eurozone finance ministers was now not possible“, this came from Dutch Finance Minister Jeroen Dijsselbloem. It is all food for thought, just as you think that people grow brains, we get confronted with Syriza. Is it too offensive to phrase it that way? If you think so, then consider that no clear headway has been made since Alexis Tsipras was elected, they want concessions but are unwilling to make any steps in the ‘right’ direction. In addition, we see the quote “The Greek government had hoped to reach a deal that would have released €7.2bn in vital bailout funds, in exchange for economic reforms“, yet as clearly shown, the Greeks have not made one step into a clear direction of reforms, this all comes to blows soon enough when the money is released and we see additional non-steps of reform and a game of massive delays and referendums. So why are we enabling this game to continue?

There is also the other side of this, there is a disingenuous voice (as I see it) from Jeroen Dijsselbloem who said: “Since the last Euro group quite a bit of progress has been made“. If that is so, then there were true reform reports to feed the hungry Journalists, none of that happened! This all reeks again of a scenario of managed bad news, with a not so unlikely view that Greece will not give in and they still end up with 7.2 billion, another quester of payments until the true bailout of 30 billion will hit the EEC at large, but that will be AFTER the UK elections, the one behemoth in all this that is fed up with non-accountability and the dangers of UKIP is just too frightening to both the EEC and the ECB.

As Greek is now swayed by second World War hero Manolis Glezos, who is very much on the referendum horse, we see the quote “the government being coerced into an agreement that “exceeded the limits” of its own anti-austerity mandate“, which is fair enough, but then you do not get the 7.2 billion in funds and you are not entitled to the 2 billion debt ceiling raise, all elements of concession, whilst Greece is far too willing to let it all collapse.

In all this one view I have is most clear of all, when this collapses, whatever concession made since January 1st will fall to banks, banks alone and their bonus payments and their liquidity. It must not be allowed to charge its customers or any third party for their own failings! Guess what, this will never happen because the political branches need certain fat cats to provide their comfortable after-political life and we all know that bankers at large tend to be sore losers at best.

Now we get to the title, because what you read was a mere introduction.

These are to parts of the song. Even though the song is an implied artistic view, but is that the whole truth of it? It seems that more and more that the Greek officials listened to the song and thought it to be a good idea.

When the money keeps rolling in, you don’t ask how (We know, it was borrowed)
Think of all the people guaranteed a good time now (an imaginary situation as the money is now due)
Eva’s called the hungry to her, open up the doors
Never been a fund like the foundation Eva Peron (here it is Greece and the previous PM’s squandering)

And the money kept rolling out in all directions (when was a clear keeping of books requested)
To the poor, to the weak, to the destitute of all complexions (and made public to the Greek population?)
Now cynics claim a little of the cash has gone astray (which is exactly what was the point)
But that’s not the point my friends (that is the ‘excuse’ Goldman Sachs gave us)
When the money keeps rolling out you don’t keep books (again a Goldman Sachs proverb regarding the accuracy)
You can tell you’ve done well by the happy grateful looks (how happy are the Greeks now?)
Accountants only slow things down, figures get in the way (no, they are the reality of outstanding debt)
Never been a lady loved as much as Eva Peron (in this case Lady Fortuna)

All this now gets me to an old Myth, I forgot the details, but it was about Tyche (me thinks).

Tyche meets a kind beggar and she gives him the option of wealth, offering the beggar as many coins as he can carry, but with one rule, if any coin falls to the ground, all coins will turn to dust. The beggar asks for more and more and more, then Tyche states: ‘Be careful beggar, you are now a wealthy man, consider what you have’. He asks for more and he gets 3 more coins and one falls to the ground, the gold turns to dust and Tyche vanishes. The beggar looks at his empty lap contemplating greed.

This is how I see Greece at present, it wanted more and more, now it can no longer continue, yet in this case it is getting assistance in misrepresentation. That view is supported when we suddenly see a downgrade of economic growth from 2.5% to 0.5% and to keep themselves in the game (the supporters) a forecast for 2016 from 3.6% to 2.9%. I have an issue here as any forecast for Greece over 1% is nothing less than a small miracle. More important, if Greece cannot properly revive its tourism and to be honest, one of its biggest flocks were the Germans, we can safely say that they will not feel to welcome in Greece, so thanks Tsipras for screwing up that part of your economy too. (Was that too direct?)

Here we have the issues, Greece is getting ‘support’ from people who have their OWN agenda’s, none of those are beneficial to Greece and in all this the current ‘rulers’ will not clean up their act or make correct headway. I understand their part (the Greek side), I truly do, but the Greek people would have been served best under Antonis Samaras and with every concession Syriza makes, it shows how the Samaras solution had been the best all along. In addition Germans would have felt reasonably safe to go on vacation there and in addition there would be additional Germans considering a little retirement home. Most of that went out of the window when Syriza jumped on the WW2 horse.

Now time is a dangerous factor, whatever happens today will happen on the down-low, because any ammunition for UKIP will be the stuff of nightmares for both the EEC and the ECB! So we will see less outspoken news on Greece as it will change a hung parliament to an anti-EEC parliament. Which, by the way is still beneficial for the ECB as they can do whatever they like in regards to handing out unaccountable billions when they can use a Labour-Green coalition to waste even more resources, then what?

This is the nightmare I cannot predict, because the next wave will be detrimental to the health of Greece, Italy, the UK and France. This will come to blow next year because the push for National Front will be overwhelming, at this point the UK would have lost its options as parliament would have softly agreed on bills that will hinder the growth of the UK, a dangerous scenario I would never sign up for.

I hope the voting masses of the UK can agree on this dangerous part!

 

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April 21, 2015 · 02:36

The Defiant Possum!

Yes, Greece is all over the news today, in many ways the people are now expecting a Grexit, the Greek exodus from the Euro. The people are reading more and more about the Greek way and no one is playing nice anymore. Even though readers might disagree with my view, which remains forever valid, let me show you the evidence that brought me to this!

The Centre Party, led by telecoms millionaire Juha Sipilä, must now put together a coalition. And if he invites the Finns into office too (Timo Soini, leader of Finns, who has already vowed to change’s Finland’s approach to Greece), we will see the complication regarding the chances of agreeing a third bailout for Greece. (Source: the Guardian). You see, Finland’s economy not in a great shape and they are now facing austerity. Sipilä had pledged a wage freeze and spending cuts to make it competitive again, which are issues that Tsipras is not addressing, which means that the Finns are no longer playing nice, one less vote that might have been in favour of any third bailout, now lost, the trip from Tsipras playing nice with the Russians did not help either. We now see a direct consequence on inaction where the observing it all are going more extreme, less positive towards the Euro. The Finnish Centrist Party is only a smaller step in the path that UKIP, National Front and the PVV are proclaiming. So, those who were rightfully sceptical of my predictions can now personally see the first of 6 steps fulfilling, the Pro-EU part in Finland lost and the Centrist party now has a staggering 49 seats, they are now in the centre of any coalition, gaining 14 seats. This is the danger I foresaw all along, even if many other parties were blind to this danger.

The second part was seen today when Fabrizio Goria (@FGoria) published the Barclays list on the payments that Greece has to make, these are only repayments and payments on maturity of bonds, the repayments are €1B by May 15th, €1.7B by June 17th, €4.7B by July 20th and €3.6B by August 20th. This brings the total repayments €10.7B before September 1st. Can anyone tell me how they expect to pull this off? Let us not forget that the days of the Onassis shipping fortunes are gone, the nation has a population of 11 million. We could state that it boils down to 970 Euros from every Greek (including the minors and babies), in addition to the taxation they are mostly not paying at present anyway. Add to that that many Greeks are living way below the poverty line.

So when we hear on French TV (iTele) the fact that Moscovici added that “Plan A is for Greece to remain in the Eurozone, and there is no Plan B. But there’s also no time for prevarication“, so in this story of ‘Moscovici the Possum’, playing dead to the realities of finance, where the next bailout of €7.2 billion, does not even cover the bills due before September 1st, which add up to a lot more than the bailout money that might not even come in. When we saw that the last payment was almost not made, when the Greeks pulled it off we saw the some triumphant pose of ‘we did it!‘, whilst we also saw that it cleaned out Greece for the most and that the payment made is only 10% of what is due over the next 18 weeks. This is the future I foresaw, one that could be done by nearly all using Excel or an abacus.

But this is not just about my view, others see it in the same way. Although, there is (as will be) an opposition view too and I do not ignore it. Foremost there is the eminent view of Simon Nixon from the Wall Street Journal. He stated: “One option is that Greece fails to get a deal with its creditors (quite plausible), runs out of cash (ditto) and then defaults on a debt repayment payment. But that wouldn’t immediately trigger Grexit“, which is where I am to some extent. Yet, he adds to that “How things play out after [a default] that will depend on who Greece decides to default on and the reaction of bank depositors. If Athens defaults on a government bond or loan, then the ECB will have to raise the price that banks pay to access emergency liquidity from the Bank of Greece, effectively depriving them of access to fresh supplies of euros. If Athens decides instead to default to its own citizens, perhaps by issuing IOUs to pay pensions and salaries, bank customers may start emptying euros from their accounts. Again, banks would quickly run out of collateral for emergency liquidity. In both cases, Athens would have to introduce capital controls and bank holidays to stop the financial system imploding. Some officials believe Greece could carry on for several weeks if not months in this state of limbo while still technically remaining part of the Eurozone“, I am not denying his view, he has a good grasp of things so he is probably a lot more correct then I am. Yet, my issue now is not whether they remain in the Euro, but the ramifications of Greece remaining in the Euro, regardless of the consequences and through the wheeling and dealing of several players who feel profitable if Greece remains in the Euro. Finland is only the first of 6.

Second is the UK with UKIP, that party is still growing and the Varoufakis rock star tour, as we saw it over the last two months, only agitated people all over Europe, the entire German slamming thing as well as the political statements around the refugee issues did not help either. So as UKIP grows, so will the option (and future) of the Euro diminishing in equal measure, the nightmare that Moscovici will like even less.

Third on the list is France with National Front. They will go on growing and the momentum UIKIP gets will massively benefit National Front, the party that was ignored for way too long has become a voice of power in France. Marine Le Penn has become a global player, another member against the softness for Greece and even less in favour of the Euro power as it diminished the force of France will take a steep change for the worse of the health of the Euro as they gain more momentum.

Fourth is the Dutch PVV, by themselves not that powerful or too influential, but with the like minded views they have to some degree to both UKIP and National Front, PVV will be invited to several tables they were not invited to earlier, even though their favour is falling (especially against the Dutch VVD), they remain a higher placed party (higher than they were before) and should the VVD be unable to create a working dialogue with UKIP and National Front, we will see more growth towards PVV, making them another voice that asks to end the Euro.

Fifth is Germany. Their power is actually twofold, first there is the growing opposition from Bernd Lucke, with his AfD (Alternative for Germany), remains on a forward momentum. And as they are anti-Euro, that ship needs to be closely watched, in addition, some German magazines state that one in two Germans are now in favour of Grexit. And here we get the first major Crux. Should some player overextend their reach by forcing some ‘deal’ keeping Greece in the Euro with a last minute ‘miracle’ solution (with ‘some’ hidden costs down the track of course), then the move towards AfD could be a lot more massive than before, the German player is the biggest one at the moment (in economic regard to the other 5 parties) and they have had enough (especially after the WW2 debacle Tsipras reignited).

Sixth in all this is the wildcard Italy. Here we have several unknowns, yet there is also a glooming danger. You see, the party here is Lega Nord, normally, this party is the one that is not the biggest contender it never was. However, Matteo Salvini is making headway, slowly but surely. Now we get the other side of the Greek issue. Matteo could grow in Italy with Lega Nord, the same way Syriza got Greece under Tsipras. Now we have ourselves a different fight, because Lega Nord is the opposite of Syriza and they are anti-Euro, as well as Anti-immigrant. So the issues pushed on us by Greece that are nagging us, are also growing the powers of Lega Nord. Normally it would not be such a big deal, but with National Front and UKIP being similar minded, Lega Nord will now get a more powerful European voice, together they will also push growth for AfD, or through AfD. I feel that they could grow a ‘symbiotic’ relationship.

If you are scared now, then do not be (unless you are a banker). These issues have been clearly in play and the vocally uttered path from Moscovici is helping these six entities and his speeches might help Moscovici a little less over the coming weeks. By trying to hold onto ‘Status Quo’, Moscovici might be achieving the opposite, who is the nice cuddly Possum now? Actually Possums are regarded as pests in New Zealand, so even as the possum is protected in Australia, is gets shot on sight in New Zealand. So as Moscovici contemplates his value as an asset by some, several nations are regarding the steps of Moscovici to be like a pest. Even though most of these politicians are not into the fair wildlife ‘game’, they will regard his policies and the need for them to be shot down at their earliest convenience. Not by the six I mentioned mind you, but as these issues are reason for growth for the six players mentioned, the other parties in those nations will now slowly more and more accept sacrificing Greece (by holding them to account), for them it is about governing and their chance to do so diminishes with every iteration where Greece remains unaccountable.

So here is as I see it the opposition I see to Simon Nixon from the wall Street Journal. Not because he is wrong (he is not wrong), but because the correct path seems to elevate some political parties to the degree that several political opponents do not want to see, which exasperates the Greek position even further.

This all escalates even further when we consider the news from NBC less than an hour ago. The title ‘Greece requires public sector entities to transfer cash balances to central bank’ should worry many, as it could be the first signal for the population of Greece to make a bank run (at http://www.cnbc.com/id/102601803). The quote “Greece issued a legislative act on Monday requiring public sector entities to transfer idle cash reserves to the country’s central bank, as part of efforts to deal with a cash squeeze” gives a fair view that Greece is trying to collect all the ‘idle’ cash there is. Is that not addressing the very last option? The second quote is “Monday’s act excludes pension funds and some state-owned firms. Cash reserves that are needed by these bodies for their immediate payment needs are also excluded from the regulation”, here we get the part ‘excludes immediate payment needed for pension funds’, yet what is ‘immediate’ here? 4 weeks, 8 weeks? This could possibly imply that those on a pension might not receive anything from June 1st onwards. Perhaps this is just to make headspace (or is it fund space) until May 12th? I do not presume to know the answer, but the Greek acts only confirms how right I was all along (as I see it).

So as Greek Prime Minister Alexis Tsipras seems to continue to try to convince sceptical foreign creditors to extend new financial aid, we must ask how successful does Alexis Tsipras consider his chances when the state is collecting all ‘idle’ coins. If it takes all coins just to make the next €1 billion, whilst 9.7 is still required soon thereafter, how much faith will the creditors have? So, the earlier statement that Yanis Varoufakis made (three days ago), when he stated “On the 24th [April] there will not be a solution, there will be progress”, he’ll better wake up now and realise that he finds a decent solution before Saturday, because progress might not be enough and when the creditors state ‘no!’, then the Greek default could be regarded as the next reality. By the way, the quote from Bloomberg (regarding the legislative act of Greece) is: “Central government entities are obliged to deposit their cash reserves and transfer their term deposit funds to their accounts at the Bank of Greece,” the presidential decree issued Monday said on the government gazette website. The “regulation is submitted due to extremely urgent and unforeseen need”, I wonder what unforeseen need they might imply, because there was very little un-foreseeability regarding the strapped cash issue, that part was almost crystal clear when the previous payment was barely made.

The only thing remaining is to keep an eye out on the quotes from Pierre Moscovici for the next 48 hours, it might be interesting to see the ‘swing’ it holds (if it swings).

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April 10, 2015 · 22:09

An exceptional pound of flesh

Two articles hit my eyes as I took a small break from my midterm exam. When you dig into the: who, what, when, where how and why of Patent Systems, your sanity prevails if you take a small break every 2-3 hours. It is just the only sane and safe way to avoid getting stuck on the same page.

The two articles were ‘Cuba seeks foreign investment as it shores up increased diplomatic ties‘ (at http://www.theguardian.com/world/2015/apr/10/cuba-seeks-foreign-investment-as-it-shores-up-increased-diplomatic-ties) and ‘Pound volatile amid general election uncertainty‘ (at http://www.theguardian.com/business/2015/apr/10/pound-volatile-amid-general-election-uncertainty), there is no real relationship in these matters, or is there?

First, let’s take the last part first as to get it all out of the way. The end gives us: “Investors were also positive on Greece’s payment of a €450m (£325m) debt to the International Monetary Fund on Thursday“. Why? Let’s not forget, this payment is nothing more than 1/3rd of a billion against outstanding HUNDREDS OF BILLIONS, so why are investors relieved? Greece has not presented any decent acceptable plan and the visit from Tsipras to Moscow to rattle some cages will count against him sooner rather than later. In addition I would like to call attention to the ‘altered’ view from Christine Lagarde as she mentioned “developed and emerging economies still suffering the after-effects of the 2008 crash must collaborate better to avoid an era of low growth”, which reads like a detour, an extra train stop on the track where the distance between recession of true growth seems to be increasing, not decreasing or remain stable. Apart from the fact that Greece only has 5 days left to present their plan (at http://www.bbc.com/news/business-32229793), the one part everyone simply ignores is that after they get the money, then what? If these newly elected officials will not push through and re-debate the issue again, the Eurozone is down another seven billion euro plus, then what? Will Greece become a vulture funds target? Will we see newly created carefully phrased denials on what will never be? That one part can be found in the quote “Without new money it will struggle to renew €2.4bn in treasury bonds due to mature in the middle of April, or pay back another €0.8B to the IMF on 12 May“, so consider that Greece might be unable to pay back 770 Million Euro on May 12th (decently likely scenario), what else can they no longer pay? Let’s not forget that the 12th of May payment makes up for 0.25% of the debt, the interest would be is a lot more than that, so how will any ‘investor’ choice pay out? Are you people awake now? So, I dealt with Greece! Now to the linked other parts!

You see, the link to England will become apparent soon enough, when we consider the quote “Analysts have warned that the pound could have further to fall as financial markets react to uncertainty created by the closest general election for more than 20 years” l, we have to wonder how reserved these analysts truly are, a stable growing economy is scaring them? I agree that the plans from Ed Miliband are decently ludicrous, bus in the end, if elected, he must do what is best for the nation (which means that he would have to vote for David Cameron, hawk! Hawk! Hawk!). In all seriousness though, a close call or not, there is something wrong with the statement Michael Hewson makes: “The pound has started to come under some pressure in recent days as the prospect of political gridlock“, whilst the market is positive as Greece pays back less than a percent of its debt, this whilst it is clear that Greece has no funds left. How is that dimensionality rational in any way, shape or form? That is, unless you take into account the part that the Guardian is not mentioning. If the market is truly worried on what happens when Nigel Farage comes out on top, or ends up with too much of a gain, then the united front that Farage and Le Penn would show, would truly be a concern to investors, because those two have had enough of the entire Eurozone issue on several levels and Greece only worsened their resolve (meaning that both are more eager to pursue the end of their EEC membership. a nightmare scenario for markets on a near global base.

Now, the markets also made the following ‘claim’: “Currency traders have also been unsettled by signs of weakness in Britain’s manufacturing sector. Production figures are due out on Friday morning“, this is fair enough, you see, manufacturing is an issue and it is not that strong in the UK or in many other places for that matter. Yet, two hours ago, the following was reported: “UK industrial output is weaker than expected: it edged up 0.1% in February, vs expectations of a 0.4% gain, while manufacturing met City forecasts with a 0.4% rise. Industrial production is the wider measure, which comprises manufacturing, mining and utilities“, so manufacturing met the expectations, so why the hesitation? I am not making any assumptions here, but I am wondering on how much certain markets assume that met expectations were supposed to be exceeded. Especially in a European mess that is still all over the place. It is almost like the markets will not tolerate any bad news, is this linked to some views on US bubbles (housing for one) that could burst before June 30th? This is a question, not an assumption or an implied issue. but the question should be asked in a very clear way and certain parties should answer it in very clear ways too, because at present, when you see some journalists report on economy, they quickly move all over the field, pretending to draw a picture, whilst the sketch we end up seeing is that of something we did not ask and it leaves many with too many questions. Did I oversimplify the matter again?

So now we get to the true path in all this, the link between the Pound and Cuba. Some might know them, some do not, but I remember the Cuban Fleet Freight Services (Cuflet). I reckon that looking into options with Cuba via Cuflet could spell good times for several players, if manufacturing options are found in emerging markets, why not see what offers could be made and found there. The Dutch could gain a headway by looking into the Bicycle market, engineering projects, the issue is clarity. When we consider the article ‘Navigating Complexity in foresight: Lessons from the UK future of Manufacturing Project‘ (at https://ec.europa.eu/jrc/sites/default/files/fta2014-t1practice_52.pdf), I personally am willing to get a few giggles from the futility that figure one shows (2008, Popper’s foresight Diamond). I do not disagree with the image of with the elements of creativity, interaction, evidence and expertise brings, but in the end Manufacturing is about what one has and the other one needs. So elements like Viability, opportunity, economy and shipping brings us the need for what can be manufactured, what could be sold and what is to be delivered. So when I read the conclusion on page 11, where we see “The high level of complexity of manufacturing systems and the diversity of forces acting on them make anticipating future configurations , challenges and opportunities particularly difficult. Manufacturing foresight needs to deal with multiple units of analyses, assimilate a variety of evidence at different levels of disaggregation from a variety of sources and integrate diverse stakeholder’s perspectives“. A view from academics from Cambridge as well the government office for science.

So let’s break that down in something we all can understand.

  1. Good business is where you find it. (Robocop, 1987), which gives us opportunity
  2. Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius — and a lot of courage to move in the opposite direction (Ernst F. Schumacher), which gives us a handle on complexity in regards to manufacturing systems (the reason to avoid complexity whenever possible).
  3. We have to choose between a global market driven only by calculations of short-term profit, and one which has a human face (Kofi Annan), which gets us to the economic side.

We have been so blinded looking at those who only seek short term maximised personal gain, that we forget the satisfaction that can be gotten from a long term goal where both sides make gains and interact with their economy in a profitable way, without denying the other party their goals. Here we see the option for both the UK and Cuba. It is not a given, it is not a guarantee, but an option, an opportunity to consider. It is the one side of Warren Buffett I do (partially) admire, he thinks long term (in case of Tesco, not long term enough), but overall the long term side will always pay off, which is the path we should walk, which is of course not the path that the bulk of hedge funds operators want us to consider and as too many listen to those people, we end up having a problem. So as we look at the pound of flesh that could give us a sterling reward, we tend to ignore that part for the fake glory of short term boosts. Yet, if we see Lidl and Aldi where we clearly see exactly that this longer term approach will keep them afloat, unlike their competitors, which is the issue at hand!

Because in the end, the conclusion quote from the academic article gives us the massive anchor that they did not properly dimensionalise ‘assimilate a variety of evidence at different levels of disaggregation from a variety of sources and integrate diverse stakeholders perspectives‘, too often the data presented from the view of the stakeholder cannot be trusted. Whether it is the weight applied to the source, the way the question was formulated and set into the data collective, or the methodology of analytics that was pursued afterwards. It was a painted view from a person with a goal and a presented image, that ‘presented’ image tends to colour all connected evidence, which gives us a view of many games as they are played, but in all this, we all make the same mistake, we compare presented results and statistical results, whilst the individual sources are often too unknown, which is truly a bad an unexceptional path to walk.

 

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April 5, 2015 · 20:29

The Labour Manifesto

Ed Miliband presented his Manifesto Res Rei. In light of what we here in Australia laughingly refer to as ‘the Labour party’, it seemed like a good idea to take a closer look at the speech. The full speech can be seen here http://labourlist.org/2015/03/miliband-launches-labours-business-manifesto-full-speech-text/.

So let’s take a dip into the claims pool.

‘Playing by the rules and paying the taxes that support our public services’, Really Mr. Miliband? So how will you solve the issues involving Apple, Google, Amazon et al? What measures are currently in play, what measures did Labour in its previous governing term put into play. I say naught!

The second part is found soon thereafter ‘With a government that balances the books, invests in infrastructure and works with you to improve skills and open up more competitive markets‘. The Tories are trying to get the books balanced, which means austerity. Labour had a massive hand in giving the UK that debt, so we can offer that Labour has no ability to balance books and the investment that they talk about will drive the UK into deeper debt.

Then the story changes a little and Ed Miliband goes into waffle mode. We see ‘despite the odds‘, ‘too many obstacles‘, ‘the lack of certainty about the long term‘ and my favourite: ‘Our productivity gap is at its highest level for nearly a quarter of a century‘. That last one is full of fun, because what is it based on? Weighted numbers, a lack of insight or the added anchor of virtual corporations?

Now he gets to the promise: “So we’ll balance the books and cut the deficit every year“, yes, how will you do that by investing and balancing the books at the same time? The current debt spring is loaded, because the UK has to come up 23 billion every year to pay the interest of the current deficit, so good luck with that statement, you do remember that your predecessor was cause to a massive slide in debt Mr. Miliband?

‘The struggle to find the workforce they need‘, which sounds nice in theory, but many corporations hire young unexperienced people to get away with what some want to slide under that table, when we see the issue where Ross Etherson, who admitted 21 counts of making or supplying articles for use in fraud, cost the NHS more than £37,000, Isleworth Crown Court heard, we clearly see that there are other issues at play, when we take the info from the BBC at http://www.bbc.com/news/10604117, we see that unemployment has steadily dropped under the Tory government. Now, I will in all fairness state that labour was confronted with the 2008 problems, but that mess was not properly dealt with under labour either. The mess left from their debacle 1997-2010 is still getting cleaned up half a decade later.

Now we get to the fishy side of it all: ‘It is a partnership for a purpose. We will give you control of the money for apprenticeships and in exchange we will say that any firm that gets a major government contract will have to provide apprenticeships to the next generation‘. How is this even realistic? Giving control of the money means that all kinds of accounting irregularities are likely to surface, then what? And in regards to ‘major government contract‘ and ‘provide apprenticeships to the next generation‘, how is that not discrimination towards the current aging workforce? In addition, we see that there are situations where apprenticeships are not a solution in the first place, which is just the reality. Consider a new frigate that is getting build with 500 engineers and 10 apprentices on the job, how many delays and what security breaches could the new frigate face? So not apply this rule to all fields? That is just a mess waiting to explode in the faces of those proclaiming it to be a solution.

Then we get (after another wave of waffling by Ed Miliband) ‘the priority for business tax cuts‘, yes, that has always been a good idea, especially as Google and Apple seem to pay 0.1% in taxation. How about infrastructure? Ah, that is next, where we see: ‘That’s why we’ll follow the recommendation of Sir John Armitt and set up a new independent National Infrastructure Commission‘, yes, spending more money on something that will not prove to be a solution, whilst the UK is down a trillion, so at this point, after we saw tax cut and infrastructure and invest, let us remember the earlier promise “So we’ll balance the books and cut the deficit every year“, which I see as:

  1. No balancing the books
  2. Increasing, not decreasing the deficit.

Now we get to the ideological part, which Ed Miliband is of course entitled to: “There could be nothing worse for our country or for our great exporting businesses than playing political games with our membership of the EU“. that is partially true, yet as the EU is unable to muzzle Greece with their flim flam rock band approach of not dealing with their debt and whilst several players are now willing to push Greece into deeper debt, both the UK and Germany need to realise that Greece is getting their credit for nothing and their luxuries at the expense of the other EU nations. How long until it is just safer to let the rest of the EU drown in their inactions against Greece? Which by the way has every likelihood of pushing both Italy and France over their maximum debt threshold, which has massive implications for any member remaining within the EU, all because no one was willing or able to stop Greece?

Now we get back to part of the speech that is an issue ‘Two years of uncertainty in which businesses will not be able to plan for the future‘, how about the fact that most of Europe in a denied recession, due to massive debt dealing is not the way to get any level of certainty? In the Netherlands, unemployment is at 7.2%, In Belgium it is 8.5% and in France it is at 10.4%, so when we look at what business options there are in Europe, we will see a cold turkey that comes home to voluntarily roost in the oven at 190 degrees, because the crispy warmth is loads better than the cold outside, even if the turkey is about to get eaten in the process.

If there is ONE business plan, that that would be the one, where the UK gets by for now, trying to grow, but most importantly is reducing the debt it has, so it does not have to fork out +20 billion in interest to banks for money the Labour party had spent.

So as he goes on reminding us on ‘We need to be a country that rescues our NHS with more doctors and nurses‘, yes, we all remember the NHS 12 billion computer scheme, that did not go too well for all parties involved, perhaps listening to others would have helped the Labour party heaps, but that was in those days never an option, so why trust them now? so the phrase ‘Not what we have seen over the last five years where the NHS slides into crisis‘ is a little misplaced as it was Labour who did messed up 12 billion, an amount that could have kept loads of nurses into jobs and grown the NHS. It was not meant to be!

So when we see the following quote: ‘To carry on with a Conservative plan based on the idea that as long as the richest and most powerful succeed, everyone else will be OK, or a Labour plan, a better plan, that says it is only when working people succeed that Britain succeeds‘

We ought to consider another option. To cut drastically on medical services for those on drug and alcohol based events. These people only get treatment if they can pay in advance for treatment.

Let’s take on the binge drinking issue heads on!

Those who fail the first two parts are thrown into a drunk tank like in the old days. If they die, well that is just too bad, we can blame the parents, we can rejoice on a growing number of available housing (the deceased do not need them) and the nations has even more jobs available and the cost of the NHS goes down.

Now, it will be fair if you disagree with me on this and I admit that this step is hugely inhumane, but consider: these people cost the society 21 billion on an annual base, which includes the 3.5 billion to the NHS. To protect the victims of their crime and violence, they will be remanded into prisons/work houses. So, you see, production will be better off if we change that workforce too!

Yes, I agree it is inhumane, but why must the people at large suffer for those who think that the rules do not apply to them? I have no issue with these people receiving treatment, however, if you are so willing to binge yourself for £39-£69, you can either fork out the £78 for treatment, or sleep it of in a drunk tank, either way, we reduce spending on NHS, which helps towards the actual spending balance Labour is actively ignoring.

So as I ended the look at the Speech of Ed Miliband, I must conclude that it reads political and in addition, decently devoid of realism. Which is a shame, because UK Business is in dire need of realism, which means the solution will come from somewhere else.

Which now gets us to part two of this event. It seems that Nicola Sturgeon is all about getting Labour into No10. It sounds nice, but how is the Scottish National Party any help there? Now, it is fair that they feel a lot more comfortable with their future if Labour is in charge. It is a valid call to make and it is theirs to make it to begin with. Yet, we must not forget the issues that Scotland is already short 11% on their budgets and with oil prices the way they are, their independent future is a lot less certain. This is a shame and I mean that. I was all in favour of Scotland attracting all kinds of Businesses from all over the Commonwealth to grow their economic footprint. I am still reasonably certain that Indian generic medication could grow all over Europe if they have a foothold in Scotland, which allows easy access to places all over Europe. With Oil being a problem and not a solution, other fields must be tackled to grow Scottish interest and the Labour party is nowhere near able to help Scotland there. If we revisit the issue of balancing the books, it will take less than 6 months for Ed Miliband to find way to move business out of Scotland, just to make his side look better, I wonder if Nicola Sturgeon is realising the trap she is setting herself up for.

So if we look at the Guardian article, which is less than 24 hours old, we see ‘Scotland’s SNP revolution terrifies the main parties’ (at http://www.theguardian.com/commentisfree/2015/apr/05/scotland-snp-revolution-terrifies-main-parties), which is an interesting light to see after the Labour-SNP link. There is one debatable quote that caught my eyes was: “Underpinning these analyses is a barely concealed narrative of contempt, which says they will all come to their senses when they realise there will be no land of milk and honey in a Scotland under the absolute control of the SNP“, this is fair enough, but I do not think that this is due to the SNP, I firmly believe that independence too late saved Scotland, if Scotland had been independent whilst the oil prices went into the basement, the damage would have been unimaginable. I remain in faith that growing business in England and Scotland is the only solution, it will be important for both (mostly Scotland) to look at fields they had not considered before. The Indian generic medicine growth is only one branch. The open remoteness (hence securable locations) Scotland has to offer, could spell interesting times for any manufacturing option that does not require the pressure of London, with added benefit of the lower costs that Scotland brings. Consider the Ferry from Scotland to the Netherlands, opening additional paths of revenue. Scotland can grow options, it is just the question whether the Labour party is truly a solution here.

So as we all get to ponder the choices the voters face for England and Scotland, I do hope that they will all look seriously at these flimsy speeches that rattle on all sides. This applies to all parties, not just Labour!

 

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March 31, 2015 · 22:58

Chicks for free

Yup, that is the name of the game, how to get your chicks for free. You can go towards the end seeing what you can pick up from the free handing from the tray that serves the drinks and babes, but the song is not that simple, you see The Dire Strait sang: “Get your money for nothin’ get your chicks for free“. The song refers to doing things for fun, when it is fun, at times it feels like you are not working at all.

In my view the expression has evolved. As I see it, ‘money for nothing‘ is more and more about value for money. Deals that are too good to pass up. Here we now get to the issue at hand. We look at players like Apple (with their iPhone), Google (with their Nexus) and several other players like Nokia, Microsoft, Samsung, LG and a few others, yet the one player many ignored, namely Huawei did what others would not in their iterative field of exploitation. They decided to give the people value for money, not some half-baked offer, but the power offer that the models P7 and Mate7 are bringing. The P7 priced at almost 50% of the old models of most is more than a contender, in addition, the Mate7 offers a massively stronger device than the new models from Samsung, Apple, LG or Nokia can offer, hundreds of dollars cheaper. So now we get to the BBC article (at http://www.bbc.com/news/business-32126628). So the quote “The world’s second biggest telecoms equipment maker said its net profit was 27.9bn yuan ($4.5bn; £3bn), up from 21bn yuan in 2013” is not all about mobile phones, but Huawei is now quickly showing to be the number one choice for consumers and students (consumers, usually lacking in funds) alike. It seems to me that even though there is a decent group with funds that is all about value for money and that group has been ignored by the providers at large, which means that Huawei is now sweeping the nations on a global level. There are two parts in the story, which become a concern.

The first one is “Huawei’s growth comes despite it facing challenges in several major economies. In the US, it was branded a national security threat by legislators, because of its alleged close ties with the Chinese government“. There is no clarity on how precise this quote is (the next one will touch on this). So, if the statement is true, how about OOCL (containers) and Evergreen (Taiwan containers). Are they a security threat? I think it goes further, as some players were sitting on their hands, Huawei has been growing the business globally, now they are ready to get into bed with ‘facilitators’ in a very wide area of business. If we look at the Huawei Tecal servers we see a device that goes beyond simple needs. Its citrix compatibility gives a first view that soon Huawei will be the number one choice for new SaaS solutions, mobile providers of consultancy but from a cloud environment, meaning that these new engineers will be global. They are not ready for the next part yet, the issue is not just the data; it is about the transit mode of data for Huawei. They are now one step away from nibbling at the feet of Cisco. Cisco is comfortable for now, but that could soon change. You see, in 2012 Huawei was not ready for any of it, but they remained quiet for 2 years whilst their consumer market grew, now within a year, if their router solutions are decently shielded, they can move forward.

Now we get the second quote: “Meanwhile, it has been banned from being involved in broadband projects in Australia over espionage fears“. Really? So American solutions are not any kind of espionage fear? I am not judging, it seems to me that either our personal data goes to America or China. The article does not seem to elaborate on this part. This we see in the final quote of the article: “However, the company said it was well positioned to capture business opportunities with heavy investment in innovative areas such as cloud computing and fifth generation (5G) mobile technology“. Personally, I do not think that 5G is anywhere near an option for providers of mobile networking at present in any affordable kind of way, but the cloud is another matter. Whatever next part will be used to get business growing and moving forward will require the cloud. Yet, as I saw it for the last two years, security is just not good enough, not from any provider. That part can be seen in this place: http://2015itss.ucdavis.edu/event/the-weak-link-in-cloud-security-2/, here we see the following: “This session will illustrate and demonstrate that the very collaborative nature of SaaS (Software as a Service), such as Box or Google Apps, may also be their weakness. When organizations adopt cloud applications, users must take care to ensure that the organization’s sensitive cloud data does not end up in the wrong hands“. This is at the core of one of several issues. SaaS is only one part. The adoption and implementation is at the centre of a cloud that could be the fog that keeps us all blind as we lose data towards whatever provider of consultancy requirements were miscommunicated too. What a weak data web we weave for ourselves!

This event in June 2015 shows several more issues that we all in business need to consider as we are at times decently in the dark of that what must happen and that what needed to be done. The reality is that Huawei is not even a factor here, this all becomes an issue in any implementation. So why is there no clearer broadband issue? Is there truly a Chinese espionage fear, or are some players too dependent on whatever solution SaaS offers and in this stride, data leakage will be an issue from day one, whether the owner of the solution is Chinese or other. What is without a doubt is that Huawei is making massive strides, they are doing it in places where they were not a consideration 6 months ago! So what is wrong with the picture I am showing you?

I am not showing you any picture, but I am implying that the other big players (all American) are currently losing out on business, on revenue and on profit.

I wonder how the Dow will take it!

 

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March 21, 2015 · 12:27

This is not Sparta!

You might not realise it, but many of us have a Greek side in us. The gamers are all about ‘This is Sparta!’ as they slay their opponents Gerard Butler style (a Scotsman no less) in Diablo 3, more than a few of them would also consider becoming the consort of Lena Headey (Queen Gorgo), a woman who might be twice their age, but still looks better than the average 25 year old photo model. Some with a more academic approach will be confronted with the Socratic Method as they get through another Uni class. Some will love it, some will hate it. It seems there are no people in the middle ground here. Doctors still recite the Hippocratic Oath and we could argue that Prudence which comes from Phronesis, a Greek word, which got introduced by some old Greek with a beard. I remember the speech, this old guy suddenly making a speech, roughly 334BC, I was watching the Panathenaic Games and suddenly he starts deliberating (at himself) in a most bombastic voice. The man starts ‘ranting’ about something called Nicomachean Ethics, nice, but not while ‘I am watching a game!’ Someone told me his name was Aristotle. I reckon the fab never caught on. Let’s face it, public speakers and the virtue of practical thought, it will never catch on, I reckon. Guess what! It has been 2345 years and I was right! Take this Tsipras fellow, as I see it, he continues a long line of public speakers void of practical wisdom.

That we see in ‘Greece financial crisis: EU offers funds in return for urgent reforms‘ (at http://www.theguardian.com/business/2015/mar/20/greece-financial-crisis-eu-offers-funds-in-return-for-urgent-reforms). You see, this Alexis Tsipras has been in office almost 2 months now and as we can read in the article, he has nothing to show for it. He was supposed to show reform, he now has 10 days and the photo as printed shows away hiding his mouth behind his first. Is it agony, frustration, defiance? Is it all just theatre? The BBC with ‘Greece to draft new reform plan within days – EU leaders‘ (at http://www.bbc.com/news/world-europe-31963952), which shows a ‘smiling’ Tsipras with the quote “Greece has agreed to come up with a new reform plan within days to secure the additional bailout funds required to prevent bankruptcy“, read those words carefully. It does not state, ‘will finalise’, or ‘will complete the current draft’, it states ‘to come up with a new reform plan’. So when we see the quote “I think that all the sides confirmed their intention to try to do their best to overcome the difficulties of the Greek economy as soon as possible“, I feel slightly miffed. You see Tsipras is all about the blame game. In one part, he has every right to be so, because the mess was not initially of his making. He did get into the elections as he saw he could ‘play’ the voters and now it is crunch time, he cannot deliver, because whatever defiant act he will attempt will cost the people of Greece dearly. As I see it, he’ll end up doing exactly what Antonis Samaras was doing, I wonder if that constitutes election fraud? Promising something, not doing it and doing what the opposition was doing all along. As I saw it (yes, a personal view), Antonis Samaras was a fine politician trying to decently play a really crappy hand that he got dealt. You see, in this regard, none of them have done anything  about holding to response the previous administrations that tailored the deal, that spend money an entire next generation did not have, not to mention the artful tax dodgers, none of that was as I see it done! I reckon that Tsipras would only have to arrest Kostas Vaxevanis to show that he is no better than any of the other previously elected politicians.

You see my emotion here is because I love Greece (Specifically Crete), I feel pain as I see that it is driven into the ground by elected officials, it is largely done so through inactions, which makes it even worse. It is sloth in its most profound form, not just spiritual and emotional apathy, it is done through additional decisive inaction. A form of treason of the worst kind. Almost like the captain of a ship who now INTENTIONALLY goes towards an iceberg expecting the iceberg to get out of the way. It reminds me of an advertisement where the captain of a cruiser (USS Montana) who decided to play chicken with a lighthouse (at https://www.youtube.com/watch?v=sYsdUgEgJrY), yet in this case it is not a person being handed ‘incomplete’ or ‘incorrect’ information. In this case we all know the object in front of the good ship Hellenic Republic and its captain(s) have not taken the measures they should have. This is how the news is reading to me. What should have been done is a list of continuing meetings non-stop with all parties. The Greeks were given a play, theatre of a mediocre level and soon they will not be left with any options. As I personally see it, politics of its very worst kind.

All this now reflects in a bad way, especially if we take the word of the NOS (Dutch News). Here we see “‘De verwachting was dat het goed zou komen’, zegt de Rabobank-econoom. ‘Maar het probleem is dat de Grieken steeds hun beloftes breken. Ze proberen steeds opnieuw over de voorwaarden te onderhandelen’” “‘The expectations were that everything would be fine’ said the Rabobank economist, ‘but the problem is that the Greeks break their promises and then try to renegotiate their deal again and again’{translated}” as well as “We zijn wel gewend van de Europese politiek dat oplossingen pas gevonden worden als we bijna in de afgrond stappen” “We are used that European politics will find a solution as we are about to step into the abyss {translated}”.

This all directly reflects back to the days of the SNS-bank debacle ‘too big to fail‘. It seems that Tsipras is taking the ‘let’s take this over the abyss, so I can blame someone else‘ approach. Not the most subtle path of the blame game, but a blame game tactic none the less. When did we see any serious step to address reform from Greece? It seems to me that the ‘let’s be nice one more time to Greece‘ is counted upon, yet no clear and decisive act from the Greek elected officials is coming. So as the possible mark of bankrupt is looming no more than 2 weeks away, did the Greek population consider that if the government is out of money, how much money is actually available at a bank? When the run on the bank starts, how quickly are those coffers empty and where will the people get cash to pay for the average need like food, water and electricity?

That part seems not addressed in any way!

Actually it is (at http://www.afr.com/news/world/greek-coffers-running-on-empty-bring-accident-threat-closer-20150320-1m3nym), the Australian Financial Review is not the only Financial Review paper, so there will be more, but for the most, we see little about this little part: “While Mr Tsipras isn’t saying what’s left in the bank, he acknowledges Greece is facing ‘liquidity pressure’. The country’s cash shortfall is projected to hit 3.5 billion euros in March“. So even if that part might be ‘virtual’ to some extent, how much money is actually available to banks? That part might be seen when we consider “The Bank of Greece has plugged cash shortfalls by tapping the reserves of other public sector entities, including pension funds, hospitals, and universities“, as well as “The Bank of Greece and the European Central Bank won’t report official cash outflows for January until the end of the month. But sources in the Greek banking sector have told Greek newspapers that as much as 25 billion euros (US $28.4 billion) have left Greek banks since the end of December“, which comes from http://www.cnbc.com/id/102439432. So in two weeks, how will things get paid for?

That is a question Greeks (the population at large) should be asking, because when the money is gone, how will they address the bills with the cash of their savings whilst the banks had pushed them in possible other none profit making endeavours? At least, if things really collapse, we can always opt ‘at least it was due to a radical left vision’, in the past (read 70’s), the radical left visions gave way in Italy to Brigate Rosse and in Germany to the Rote Armee Fraktion. Their economy was never this desperate, so I wonder what the Greeks will come up with, I am however sure that it will be blamed on the Germans (again).

In my view, I wonder, was I correct two years ago? Could an independent Crete have created at least a partial economic growth? Would Crete have been better off in a state of independence? I do not proclaim to have the evidence, but I feel that my feeling back then was spot on. Now the rest of Greece could drag down this island against their will.

It seems very unfair, but then in the politics of Tsipras (and that of politicians at large), fairness never had anything to do with it.

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February 27, 2015 · 11:07

The not so neutral net

This time, it was the Epic Times (at http://www.epictimes.com/2015/02/how-do-you-feel-about-net-neutrality/), who gave me the goods). To be honest, I have stayed away from Net Neutrality for several reasons. The first one is, because for now I remain on the fence. Reasoning here is that we are not really ready for Net Neutrality.

On one side, the US starting this works out nice for the Commonwealth (mainly Canada), there is a decent chance that some companies will move to speedier shores. But, let me get ahead of it all, because that might help the entire issue. So here is the initial response I gave:

There is an overwhelming need to be against it. Judgement was not correctly passed here. I do not essentially oppose net neutrality, however, that can only occur if the internet is correctly addressed, which it is not.

You see, people think that they are now better off, but they will be contending for the same bandwidth with a few thousand spammers, who use an equal bandwidth to a few million users. By forcing all in equal opportunity, spammers, and marketeers. We see that in this ‘ruling’ “Broadband providers cannot block or speed up connections for a fee”, so your fee to block is now no longer an option, which might mean that you get to drown in spam. In equal measure, you cannot pay extra to speed up, which is not unfair, but when corporations are no longer given the speed, they will move to other shores, so if places like Equinix (to name but one of many) will move to Canadian shores, feel free to thank those for net neutrality for giving a few thousand jobs to your northern neighbours. A data centre is about revenue, and net neutrality is not evil, but it has setbacks, revenue being one of them.

the next part is in “Internet providers cannot strike deals with content firms, known as paid prioritisation, for smoother delivery of traffic to consumers”, so this will inflict massive damage, which means that high pressure connections like Oracle forms will not get a whole new issue, working from home could be impacted in new not so nice ways.

Yet the one part “The FCC won’t apply some sections of the new rules, including price controls”, which than implies that all people will end up paying for bandwidth, there we see the connection to rule one and rule two, if fees cannot be used for speeding up, and prioritization, we could speculate that there is one price, a business price for all, I feel certain that the Facebook family and Google Plus family will just love the new pricing for staying in the loop on a social media level, for if there is no priority control and no speed control, the only price control is one price, and it will be a charged one.

And this is only one side of it, net neutrality will never work when the people cannot be correctly protected from cyberbullies, cybercriminals and cyber hackers, for the mere reason that under these conditions, monitoring will become a lot harder, you see those special accounts also meant that they needed less monitoring, because the origin is known, which is why I personally opposed the view of the White house. They stated “Our pursuit of cybersecurity will not — I repeat, will not include — monitoring private sector networks or Internet traffic”, how? Consider yourself in the street, walking, the police is looking for a wanted criminal, now consider where you walk and EVERYONE is wearing exactly the same outfit, do you really think the police will have an easier time finding the culprit? Of course not, now they need to scan every person they pass, not just the person they were looking for in a Green Armani suit wearing purple loafers’ size 12. Good luck finding the right person.

There is a positive issue to net neutrality, there is no denying that, but until they have a way to find the extreme abusers of the net, the neutrality step will make it a lot harder, not easier.

So, you might disagree with me, which is always fair enough, so let’s get the ball rolling on a few parts, because, I have support, I am not the only one here.

They are the first example to use. The BBC (which does not stand for ‘British But Conservative’, at http://www.bbc.com/news/technology-31638528), had the following part: “”The internet is built on infrastructure. Even to keep at a steady state providers are going to have to invest in infrastructure but they need certainty that they can get a return on their investments,” said Mr Belcher” which is fair enough, however, if business is no longer investing as they do not get a premium speed, what do you think they will do, stay in the US, or move to Mejico where they revere speed, Ariba Ariba Andale Andale! And when business moves off-shore, where will your cheap provider remain? It will not, it will be pushed out of business fast, or people will have to pay an actual amount.

The next one we get from the Wall Street Journal (at http://www.wsj.com/articles/broadband-investors-should-wake-up-to-net-neutrality-heard-on-the-street-1424975993), here we see “The long-term bull case for cable relies on two main factors: The ability to grow market share of residential broadband and the ability to raise prices. The latter rests on the idea that broadband providers’ pricing power will increase over time, an assumption that could be called into question if the reclassification stands“, my issue, which I do no applaud is the premise on ‘the ability to raise prices’, it seems like a small thing, but do you think that 50.000.000 Americans will like the increase due to the loss of business as they find safer shores? Business relies on visibility, which means speed and priority, when those fall away, that loss must be paid for. There is no way to tell how much more, but it seems to me that an additional $5-$10 per week is not outside the realm of reality, did these net neutrality people figure on that part? I have called big business exploitative on more than one occasion, the other side is that their power was the speed at which they could move, take that away and you get the same need for exploitation, but from a place where they feel safe, they do not feel that in any neutral version of the net.

It is tech liberation that gives us another view on the dangers, issues that I did not completely consider. Not because I disagree, or because it is incorrect, but there is a hint of conspiracy theory here and I am not sure if that ride is one you should focus on, but I will not withhold it (at http://techliberation.com/2014/09/26/net-neutrality-and-the-dangers-of-title-ii/). It is not a new piece, it was written in September 2014, which gives us “As I’ve noted before, prioritized data can provide consumer benefits and stringent net neutrality rules would harm the development of new services on the horizon. Title II–in making the Internet more “neutral”–is anti-progress and is akin to putting the toothpaste back in the tube. The Internet has never been neutral, as computer scientist David Clark and others point out, and it’s getting less neutral all the time. VoIP phone service is already prioritized for millions of households. VoLTE will do the same for wireless phone customers“, you see, streaming services, bandwidth requiring services like Oracle Forms (one of many) are all about the proper priority. When that falls away, we get black-outs in data, which makes a system fall over, yet here we see another side, which seems to agree with the FCC. Most companies have VOIP, not an issue there. But VoLTE is another matter, Voice over LTE must be a monitoring nightmare to some. I am not talking about the intelligence branch (it worries them too), but about the Telco’s. Once we get free Wi-Fi AND free VoLTE, what will telecom companies be left with? When all your calls go across a simple Wi-Fi the game changes, I would think that roaming over free Wi-Fi using VoLTE is the best thing and traveling sales executive will ever face, now consider the Telecom companies with no more Roaming revenue, can you see the pain they would feel? So even if it is a valid view, is it a correct one? You see, I do not know, but I have seen Telco’s sweat blood because of the fear of denied ‘easy peasy revenue’, so there is my view in those matters.

The one missing part is where I wrote in regard to the cyber-illegality actions. In my view, Cyber-crime is hard to solve, most often it does not get solved, because the seekers were too late. Now consider that group and consider the additional delay because the hunters did not have to look in certain places, now that this part is gone, they will have to look everywhere, how will that help solve crimes? I now get back to a quote Fox News had: “No one disagrees that the Internet should be free and open. The president’s plan just does not accomplish that goal“. I agree with this, I will take it one step further, we all had free internet because business drive reachability and innovation (for reasons of greed mind you), when that drive is removed, it becomes a service for all (which is fine), but one that ALL have to pay for, so how did that oblige towards the goal of ‘free internet’? This will drive the need for stronger regulations in regards to ‘fairness’, which will than remove the term ‘open internet’ as well.

I am not against Net Neutrality, but until it is a global thing, which is actually globally ‘enforced’ (read accepted), Net Neutrality will only achieve in driving business to a place called elsewhere.

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February 25, 2015 · 20:39

The price of soccer

This is how I see the issues as we see the mountain of ‘complaints’ in regards to Qatar 2022. The first part is seen on the BBC site (a http://www.bbc.com/news/world-31605149). Richard Scudamore is very disappointed, which is fair enough. My issue is with his statement: ‘if the integrity of a football league has to stop for 6-7 weeks‘. Is that truly the case? The integrity of a league does not diminish when they are out playing their best for their nation in a world cup. It shows that these people, with multi million pound incomes can set it all aside to play their best for their nation. That is the simple truth of it all. So is this about FIFA, UEFA? Or is it because of advertisers? You see, those 6-7 weeks advertisers will move to the world cup, they go to where THEIR visibility lies. I think that this is a side that the football managers forgot about. When they spread the visibility of Soccer, getting more and more nations, they forgot that new members are every bit as eager to promote their national side and we can safely say that the middle east has plenty of money to invest in new stadiums.

Part of me is just a little amazed that both FIFA and its members did not see this coming. It is a sports event! In a places where for all kinds of environmental reasons, the Olympics cannot be held there, is it such a surprise that they want to show off their nation by hosting the soccer World Cup event? That what followed is still to be regarded as an episode of comedy capers, for those too young to remember, see the intro here (at http://www.youtube.com/watch?v=OjZMfRwsuOM), see the man at the back, that could be Martin Ivens, you remember the Sunday Times claiming to have seen all those ‘millions of documents‘ reported by Reuters on July 28th 2014? I mention parts of what was claimed in ‘Sacking the Editor?’ on November 14th 2014 (at https://lawlordtobe.com/2014/11/14/sacking-the-editor/), it could be regarded as evidence on just how much a paper tiger Independent Press Standards Organisation (IPSO) is. As mentioned before, if we go by the words of IPSO “We uphold the highest standards of journalism by monitoring and maintaining the standards set out in the Editors’ Code of Practice” than they should also be pre-emptive. Especially when allegations of corruption are being made.

Was there corruption? That question remains a valid one, but when we see “FIFA report into alleged corruption clears Qatar to host 2022 World Cup” (at http://www.theguardian.com/football/2014/nov/13/fifa-report-alleged-corruption-qatar-2022-world-cup), the mention by the Sunday Times give way to bring a forced publication of that evidence, or be hit for damages. None of that seems to have happened. In addition, we see this in The Star (at http://www.thestar.com/sports/soccer/2015/02/24/fifa-deserves-red-card-for-the-debacle-that-is-qatar-world-cup-arthur.html) “FIFA judge Hans-Joachim Eckert, who sits on FIFA’s ethics committee, reviewed the report and released a 42-page summary to the public that stated the report cleared FIFA in the awarding of the 2018 and 2022 World Cups to Russia and Qatar, respectively“.

I am not denying the facts that are, but no one seems to show evidence, which is crucial. You see, as stated before, I think this is for the larger part about something else. If we go back to the statement ‘if the integrity of a football league has to stop for 6 – 7 weeks’, is that so? How about taking a 7 week break and prolonging the season that one time? I think that these soccer players, who are making tens of thousands a week, can work an extra 8 weeks that one time. If it is about the advertisers, than it is just bad luck. You see, many people have had enough of ‘enabling’ advertisers to the max, and if this costs them a little extra this once, than live with it. It is NOT about the advertisers, it is about the sport and everyone is very adamant not to mention that ‘A’ word, or ‘sponsors’ for that matter. Is it all an inconvenience? Yes, I reckon that is the case and this is also the consequence of broadening the membership list of soccer playing nations, there is a consequence at some point. So, yes, I do agree that Qatar was never the best place, but guess what, they did the dance, they went through the motions and they got the gig! Now all others will have to program around this for once, I think that the fact, that this had been running since 1888, implies that the sport could use a little exception and a little flexibility.

This does not take away the issues that play at FIFA, there are a few issues with the Russian part, especially the ‘the Russians claimed that all e-mails relating to their bid had been wiped from the computers they used, which were rented’, I mentioned that in a previous blog too, because such levels of incompetence should not be allowed anywhere. Yet, the full report of Garcia was never given to the public at large, which gives us a few extra issues, but then, the Sunday Times under Martin Ivens blowed a lot of hot air, but then did not release any evidence of in any shape, size or form. It seems to me that this is not a good thing either.

If we accept the star with their quote “But FIFA is so powerful, so unaccountable, that the inartfulness of the lies doesn’t matter” as well as “FIFA pushes slush piles of money to federations all over the world in the form of development grants, and that secures the necessary votes to keep Blatter in power“, that we have a massive problem. You see, I have been (to some extent) on the side of Qatar, because there were allegations from many, but NO ONE presented actual evidence and all these events played like this was all about big business not getting their way. I have an issue with that! In my view, if you love soccer and it is your life, that that is fine, but when we see these pushes whilst an average soccer player gets per week what most people get per quarter, that we can agree that those people get to suck it up a little and not whinge or whine like little bitches when they suddenly get an ‘adjusted’ calendar once per 4 years, the fact that this now happens for the first time ever, they can just shut up and take it, so this once they get to experience what most workers endure on a yearly basis.

On the other side, if there is a level of unaccountability from FIFA, that it makes equal sense for ALL members of FIFA to break with FIFA and create something new, to which ALL members of FIFA are to be excluded for a few decades. See how that solves issues. The reality is that Qatar 2022 might be the only deviant event (compared to all other world cups) as a lesson for future FIFA events, in that case FIFA will have learned a lesson, but perhaps we learn another lesson too. Perhaps that environment will only fuel a global desire for soccer and in that light, premiere leagues of all nations will have to consider that once every four years there could be a different light in how that year the league is played. It might be refreshing in so many ways that it will, for some, rekindle the true love for soccer. Let’s not forget in those 6-7 weeks those players do not represent their team, they represent their nation, is that not a great thing? It should be!

In that light we should also see the response BBC sport had “The former Manchester United and Everton defender added that he would be “licking my lips” if he was England boss Roy Hodgson because “we’ll have the freshest ever national team going to a World Cup”” (at http://www.bbc.com/sport/0/football/31610300), you see, it is not all bad, I reckon that soon we will see similar responses from coaches and players in The Netherlands, Germany and Sweden.

Now consider the following quotes from the links used earlier: “The 2026 World Cup television rights in North America were awarded without a bid to Fox and Telemundo, who had complained about the Qatar schedule change, for which they hold the broadcast rights“, “Six European federations demanded Fifa clean up its act. Three top commercial backers, Coca-Cola, Adidas and McDonald’s, did so too” and “Of the 11 men who voted on 2018 and 2022 World Cups who are no longer on Fifa’s executive committee, only five provided answers to Garcia’s inquiry. Two could not be located at all“, it is clear that there are issues, especially when considering the part, ‘two could not be located at all’, is this for real? What, did that person go on a $600K cruise and there is no phone where these people are at (just one of a few options)? There is no question that there are issues on several sides, but there is still the matter of evidence, evidence that is either concealed or never found. The fact that the report was never released is also cause for concern, I do admit to that, but in law when we apply ‘is it more likely than not‘ can be just as easily applied to the large sponsors who see their return on invested revenue lessen to a small extent, taking into consideration that 2022 will be the first time (possibly the last time) that this happens brings for the question ‘why enable big business to this extent?‘ is a matter that is not and likely will not ever be answered, which is why, I currently remain on the side of Qatar. Sport is about the sport, whether it is local or nations playing, it is about the sport, not about the visibility of the sponsors. They get visibility because of sport, not the other way around. It is time big business learns that no matter what game they play, the sport itself remains untouchable, which also means that sometimes the game needs to be slightly more flexible. That part is also shown in regards to Fox and Telemundo, who complained about schedule change. Really? Complain now about an event 6 years away? If it is such an inconvenience, than give the 2022 rights to one of the free TV channels. I wonder how that channel will suddenly benefit from sponsors. If anything, this event shows me how corporate greed has been maximised within sports, an upsetting issue.

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February 21, 2015 · 21:13

Spooky Spooky Mobile

Spooky Spooky Mobile
Hacking thyne own file
Upload and Download
And as you have your chatter
I met a Telco
That would not give its data
So I took their servers
And gave it a little patch
(Goosy, Goosy, Gander)

Yes, when we look at the article ‘US and UK accused of hacking Sim card firm to steal codes‘ (at http://www.bbc.com/news/technology-31545050) I seem to resort to nursery rhymes. There is method to my madness, just as my madness could be regarded as methodical (to the smallest degree). I read the article with other eyes, perhaps you did too? The first part is seen here “The Intercept alleges that the hack organised by Britain’s GCHQ and the US National Security Agency (NSA) began in 2010, and was organised by operatives in the “Mobile Handset Exploitation Team”. Neither agency has commented directly on the allegations“, now, I will continue on the premise that this fact is true (not whether it is correct). In 2010 there was still a massive hunt for this bearded dude underway named Osama something or other. For this part I need to take you on a side trip ‘Banking Giant HSBC Sheltered Murky Cash Linked to Dictators and Arms Dealers‘ (at http://www.icij.org/project/swiss-leaks/banking-giant-hsbc-sheltered-murky-cash-linked-dictators-and-arms-dealers). The issue might be ‘news’ now, but it had been known in the intelligence industry for some time. After 2008 several individuals with additional limitations on moral and ethics were willing to assist the grey area of free trading in setting up funds. This group had ALWAYS existed, greed is such an easy tool to grow under, yet, the fact that some would be willing to be the money orchard for terrorist organisations is decently novel. 2008 had made many hungry so some would be willing to get at what they wanted, more money. A problem that has existed for a long time, so the premise to get access to mobiles so that possible lines of communications would be uncovered make perfect sense.

The trail goes further, you see, most people have a contract, or stay with the same provider for years, this not an issue for the hunters. You (roughly 99.99993243% of the mobile users) are not an issue, but how to find the rest? Hope on some random lucky draw? Governments rely on income from lotteries, not rely on getting a price in that same way. So getting a hold of ALL Sims is a much better solution. It made perfect sense. Do I like it? I actually do not care, I lead one of the dullest mobile lives and I believe that some people must be hunted down. So to go all out on ‘Yes’, hunt them down and ‘No’, you cannot monitor me, seems to be both hypocrite and sanctimonious all in one package. In addition, I tend to not break the law, which makes it even easier. So let’s get back to the article!

The next part is seen here “A Gemalto spokeswoman said the company was unable to verify whether there had indeed been a breach, and highlighted that other Sim manufacturers could also have been targeted. She added: “We take this publication very seriously and will devote all resources necessary to fully investigate and understand the scope of such highly sophisticated techniques to try to obtain Sim card data””, so we see two parts, one that the known provider is not the only provider, were they all targeted?

Linked to this is: “Eric King, deputy director of the campaign group Privacy International, said the NSA and GCHQ had “lost sight of what the rule of law means and how to weigh what is necessary and proportionate”“. This sounds nice in theory, but after taking a look at the Privacy International site, I see him as (only) slightly sanctimonious. all this on surveillance and SIGINT (the Five Eyes group), yet, they have ZERO visibility on the issue that I have on the exchange of data on a global scale by large corporations and how people are almost lulled into a sleepy state of just agreeing with it all, not to mention the other versions of the Lenovo ‘Superfish’ instances that we have not seen brought to daylight yet. It seems that governments are not allowed any options, whilst the propulsion of greed from large corporations and their data remains uninhibited by using the ‘US-EU Safe Harbor Framework‘ (at http://genomebiology.com/2014/15/8/430), when we consider the quote “A multinational seeking approval must submit its global policies and practices to a ‘lead’ EU data protection authority (DPA) – typically in the country of its European headquarters. Once the lead DPA gives its ‘stamp of approval’, a mutual recognition scheme among most EU member states facilitates approval by other relevant DPAs. To date, over 50 corporations have received BCR approval” When we see the list (at http://ec.europa.eu/justice/data-protection/document/international-transfers/binding-corporate-rules/bcr_cooperation/index_en.htm), we see NOVARTIS, which gives us a direct link to Natixis (and the massive amounts of links that they have). Ernst & Young and Motorola among others, so how can one satellite locations allow indirectly to move data across other borders, or make them accessible for query? Is it not interesting that Privacy International has not been looking at that (as far as I could tell), so do you see the issue I have with their ‘statement’?

Linked to the ‘alleged’ sim code heist is another article. This one is a lot older. It was from July 2013 and called “Millions of Sim cards are ‘vulnerable to hack attack’” (at http://www.bbc.com/news/technology-23402988), so, yes, when we see the quote “Karsten Nohl has said he has found a way to discover some Sims’ digital keys by sending them a special text message. He warned criminals could potentially use the technique to listen in on calls or steal cash“. So, yes getting the data from the sim makers directly would make a lot of sense (an ergonomically terrific solution), but this method might be less visible. So why was another method used. Now we get back to the beginning: “US and British intelligence agencies hacked into a major manufacturer of Sim cards in order to steal codes that facilitate eavesdropping on mobiles, a US news website says“, which News website? The fact that this news is followed by “The Intercept says the revelations came from US intelligence contractor turned whistle-blower Edward Snowden” gives another pause. What is actually happening? It seems to me that the Snowden stamp is making us chase ghosts (pun intended), but overall I see less and less reliability in these ‘spectacular revelations‘ and the press does not seem to be asking the questions they should be asking. The investigations that they should do, do not seem to be done. The ‘revelation‘ is made and then we see one party line response from GCHQ “However GCHQ reiterated that all its activities were “carried out in accordance with a strict legal and policy framework which ensures that our activities are authorised, necessary and proportionate”“, which is now linked to this, but there is no evidence that this has actually happened. The subtitle ‘Full investigation‘ seems to be a header without a factual link. That subtitle ends with some group shot and the by-line “Experts say that the alleged hack is a major compromise of worldwide mobile phone security“, is that actually the fact? Would phone security be compromised? It seems to me that the 2013 is a much larger threat to phone security and Google stopping its continued development to anything before Android KitKat is just an additional cause for alarm, how did the alleged government activities create more danger? It seems to me that the BBC has not illuminated parts that should have been illuminated. When we see “The UN’s telecoms agency – the International Telecommunications Union – said that it would now contact regulators and other government agencies worldwide to ensure they were aware of the threat“, is also an issue. When we consider the UK issue of telecom caps and the fact that nothing has been done for years, can we dimensionally see that awareness of the ITU could be regarded as a similar demure step is a valid question, yet the current article does not reflect on the earlier issue. The end of the latest article gives the one part that is important as I see it “But perhaps this latest leak has done more to highlight how a single company is in control of millions of people’s private data“. So was this an actual leak, or did someone figure out a possible issue with current technology and they added the ‘Snowden’ link to give it a little more fear. The last part could have been done by any decent technologist, no MIT degree required. So what about the one time mention of ‘a US news website says‘? Who was it and how come that this media courtier, depending on visibility is reduced to 5 words, which seemed a little odd to me from the very first time I read the message.

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February 15, 2015 · 23:09

A coin with more than two sides

Let us take a look at two of many more sides. The first side is given in this article: Google’s Vint Cerf warns of ‘digital Dark Age’ (at http://www.bbc.com/news/science-environment-31450389). The initial quote is “Vint Cerf, a ‘father of the internet’, says he is worried that all the images and documents we have been saving on computers will eventually be lost“. This sounds nice, but is that not the same as we have had forever? If we did not take care of our old photographs and our old negatives, than those pictures would be lost forever, so how is that different?

110mm_Agfa

See here, the picture of an Agfa Instamatic. It is almost identical to the camera I had in the late 70’s. So, how will you get those negatives developed? Where to buy film? Most will not care about it, many have bought new camera’s, but where to print the negatives you have? Nowadays with digital images, almost any printer will print it, almost every system will show them. How is that different? So are the words of Vint Cerf anything else but a sales pitch for some new ‘forever’ saved option, likely one that Google will offer and not unlikely in a way that gives Google shared ownership. Is that under the current feelings of ‘data collection’ such a sceptical view to have?

Now, I will state, that not unlike those old prints, the owner has the responsibility to keep the images safe, just like in the old days. Even if the originals (the digital negatives) are lost, as long as a print still exists, the image remains, just like the old photographs. Yet, his quote “But as technology moves on, they risk being lost in the wake of an accelerating digital revolution” holds truth, because that is not unlike the 110mm film issue. So as long as you have a data option that survives, like the 110mm negative holder, you can always get another print. So, CDROM’s in a writable version came in the late 90’s, so we only started to have a backup option for 20 years, yet affordable digital images would still need several more years. Yes, that market has grown exponential and now, we see the application of Common Cyber Sense in another way. Now, people will get confronted with the need to back things up. As the Digital disc evolved, so has the quality of these solutions. Now the discs last a lot longer, so backing up the old discs on new discs does make a whole lot of sense, so there is a side that makes perfect sense, but is that enough?

That part is shown in the following quote: “’I worry a great deal about that,’ Mr Cerf told me. ’You and I are experiencing things like this. Old formats of documents that we’ve created or presentations may not be readable by the latest version of the software because backwards compatibility is not always guaranteed’“. This is at the heart of what Vincent Serf is getting to, so he is definitely onto something. How many of you can still access all the WordPerfect files you created in 1992? Who can still access their FRED applications and their Ashton Tate’s Framework solutions? That list is slowly and surely getting close to zero. This is what Vincent is getting to and there list the crux, because this would have gone beyond mere images and what we currently still access. Consider the Digital VAX/VMS systems, the collected data that spans decades from 1982 onwards. The IBM series one (those 64Mb mainframes with 10 9” floppies), so Vincent is perfectly correct (as a man with his experience would be), but what solution to use? Yes, his idea is perfectly sound, but the issues that follows is the one that I have to some degree an issue with, you see, sometimes things get lost, which has happened throughout history, would our lives have been better if the Library of Alexandria survived? Would it be better, or would there be more and more incriminations? There is no way to know, but the issue can be explained in another way. This is a myth I heard in school a long time ago. The story is that a person could ask whatever he wanted for a created chess game. He asked for a grain in the first square, two in the second square and so on. By the time the board was half way through, the person paying for it would owe the person 2,147,483,648 grain seeds and that is just half way through. Now think of today’s world, where we collect everything. Like the chess board we collect every part and this just increased the junk we collect and that at a premium price. So what to keep? That is the hard part, it is interesting to keep on the side that sometimes we need to allow to lose things, but Vincent has a case. Now we look at one of the last quotes: “’Plainly not,’ Vint Cerf laughed. ‘But I think it is amusing to imagine that it is the year 3000 and you’ve done a Google search. The X-ray snapshot we are trying to capture should be transportable from one place to another. So, I should be able to move it from the Google cloud to some other cloud, or move it into a machine I have’“. Yes, there is the sales pitch. “Google search” and “move it from the Google cloud“, so there we have it, the Google cloud! Still, even though there is a sales pitch in here, does that make it a bad approach? Are we better because we save EVERYTHING? That is at the heart of this little conundrum. Now, those having their data on the old Cray might consider their data worthy, so do many who had their data on UNIX mini’s, but now consider every Novell edition, every desktop, now, it will be arbitrary if people decide to take these steps, yet what happens when all data can be baked up like this, what happens when some start ‘offering’ this for ‘free’? Who then co-owns that data, those solutions? Is that such a crazy thought to have?

Here is the last part: “And that’s the key issue here – how do I ensure in the distant future that the standards are still known, and I can still interpret this carefully constructed X-ray snapshot?” This is the part that is interesting; his concept of Digital Vellum is an interesting one. Yet, how should we move forward on that? What happens when these snapshots link up, when they connect, perhaps even interact? There is no way of knowing; perhaps this would be the beginning of a new evolution of data. Is that such a weird concept? Perhaps that is where we need to look at other sides too. Consider our insight, into our memories, our ‘wisdom’ and our ability to filter and extrapolate. Is this solution a primal step from near ‘artificial-intelligence’ to possible cyber/digital intelligence? The question becomes, if intelligence is grown from memories, what do we create when we give it everything we ever collected? I have seen the stories, the way some people think that the dangers of an artificial intelligence is so dangerous. We might consider the thoughts from the ‘Cyberdyne’ stories (Terminator series), but in the end, what if the digital intelligence is the beginning of our legacy? What if we learn to preserve ourselves, without leaving a carbon footprint, without being the deadly blight on nature? At some point we will stop to exist, we die; it is a simple consequence of nature, but what happened, if our wisdom is preserved? Many come with stories and nightmares of the loss of identity, but what happens if we can store intelligence? What happens if the next century Albert Einstein would be there to help us create progress, inspire innovation for all time? Is that such a bad thing? Some of these questions are beyond my ability to answer but there is a dangerous dark side too, what happens when this becomes commercial Intellectual Property? I am all for IP, yet, should cloned intelligence become the property of anyone? I feel that I might be alive long enough to actually see that question go to court. I hope that those making that decision are a lot wiser than I currently feel.

This now gets me to story two, which also came from the BBC (at http://www.bbc.com/news/technology-31440978), the story here is ‘Cybersecurity: Tech firms urged to share data with US‘, which gave me the initial scepticism regarding the Vint Cerf story. So, I am not linking them perse, they are separate stories. The initial quote is “Private tech firms should share more information with government and with each other to tackle cybercrime, according to US President Barack Obama“, I do not disagree with this thought, however, there is a side to this that is not addressed. The given quote is “Senior Google, Yahoo and Facebook executives turned down invitations to the summit, held at Stanford University“, so is this about not sharing, or about keeping the data non-sharable. There is part that we see when we look at the quote “Mr Obama is backing the creation of information sharing and analysis organisations (ISAOs) to help firms and government share material on potential threats“, yes, if we consider that Snowden fellow there could be issue, but is that a valid path? You see, consider how some do NOT want the cyber threat to reduce for the largest extent, consider how many software ‘solutions’ are out there, for viruses, phishing attacks, identity theft and several other parts. There are two dangers, at one part we have a possible solution to theoretically start solving and decently diminish the danger, the other side is on how all that data gets linked, that part in the wrong hands is a lot more dangerous than many could imagine.

The following quote adds to the worry: “Government cannot do this alone. But the fact is that the private sector can’t do it alone either because its government that often has the latest information on new threats” My issue is that this should not in the hands of any private part, it could be seen as the execution of the premise ‘absolute power corrupts absolutely’, those who face that lesson will not have an option. I would see a solution if there was collaboration between NSA, GCHQ, DGSE and a select few more. Reasoning? Cybercrimes have a distinct impact on national income and also national tax donations. They have all the drive to get it resolved. I have less faith in private companies, their allegiance is to profit, their board of directors and more profit. This is the issue as they will do what they need, someone falls on a sword and many get extremely wealthy, the data goes everywhere and many become exploitable, classifiable and re-sellable. I have been in data for decades, I think that governments can do what needs to be done, and it is time to change the cycle of re-iterated profit. Governments have made themselves the bitch of the private industries, the three mentioned initially is not enough, consider the quote down the line “Facebook, Yahoo, Google and Microsoft have all sent less senior executives to the conference“, so why was Microsoft not mentioned earlier? What is going on? The interesting part is that Bloomberg mentions Microsoft several times, the BBC article just twice. It is clear that something needs to be done on several levels, but it takes a different scope and a different approach, I feel decently certain that keeping the private touch out of this will be essential, for the reason that private companies have a mere commercial scope. I feel uncertain that this approach will work, it has not worked for a long time; I have seen ego and political play and personal reasoning interfere with results, in more than one nation. Whatever is done, it needs to be done, it needs to be done a lot faster than many consider and even though taking the politician out of a government seems to be impossible, we need to make sure that an approach is considered that does not allow for political exploitation, but how to get that done is another matter entirely.

 

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