Tag Archives: Buenos Aires

That’s the way the money flows

The Independent had an interesting article 2 hours ago. The article (at https://www.independent.co.uk/news/world/americas/china-drones-spy-us-dhs-security-data-alert-a8922706.html). The title leaves little to the imagination with: ‘Chinese drones may be stealing sensitive information, DHS warns‘, after the Trump google play, after his refusal to submit to subpoena’s, after the anti Huawei activities that so far has never yielded any active evidence (the 8 year old case was settled within months are done with). Now we see: “Chinese-made drones in America may be sending sensitive data to their manufacturers back home where it can be accessed by the government, the United States Department of Homeland Security (DHS) has warned“, which might be a nightmare if it was not so hilarious. You see the next quote: “CNN, which obtained the internal alert, reported that the DHS fears drones will offer Chinese intelligence unfettered access to American data“, it comes across like we have a case where a CNN reporter has been hit by a silly stick and never recovered. Consider the drones we see, there is no space to have a dedicated hack system on board. Yes some can be done with a mobile, and there is plenty of space in that device, now consider the ‘sensitive’ data that needs to be found, the data needs to be connected to (and with all these faulty Cisco routers that is relatively easy at present), then a selection needs to be downloaded and that is merely for one place, one device. All this stops when any person uses common cyber sense. It is the revelation that we see next, that is the one that matters. With: “Though the alert didn’t name specific companies, the vast majority of drones used in the US and Canada are made by the Shenzen based Company, DJI, CNN reported” we see the part that matters. As drone services are up on an almost exponential growth as we see the push that got there. The news from November 2016 gave us: “Domino’s Pizza Enterprises Limited (Domino’s) and drone delivery partner Flirtey delivered the first order, a Peri-Peri Chicken Pizza, and a Chicken and Cranberry Pizza“. Consider the option to avoid traffic in New York, Los Angeles, San Francisco, Boston, Chicago, Seattle, Pittsburgh, all places with massive congestion. Drones are the optionally the newest quick way to deliver food, Amazon needs, Walmart needs, all in growing need due to the events where retailers and shippers combine forces to avoid a few items, and with congestion set to zero, people will flock to that consideration. Now the operational part, it seems that DJI is ahead of the curve, another Chinese company decided to truly innovate and now that the push is there and America is bankrupt (as I personally see it) anything possible to avoid money going to China, America is taking a pot shot at that. So when we are also treated to: “A spokesman for DJI denied that any information was being transmitted to it from its drones, adding that the security of its technology has been independently verified by the US government.” I start wondering if DHS was able to do its job properly. Now let’s be clear, there is no doubt that ANY drone can be used for espionage, especially if it is quiet enough. Yet is that the issue for DJI, or is that an issue with the spy that utilises drone technology? Yet that is actually not the only side, on the other side we see mentioned: “Those concerns apply with equal force to certain Chinese-made (unmanned aircraft systems)-connected devices capable of collecting and transferring potentially revealing data about their operations and the individuals and entities operating them, as China imposes unusually stringent obligations on its citizens to support national intelligence activities,” Now, this part does make sense. It is the same as the Apple Fitbit, that due to its global nature started to hand out the jogging patterns of Special forces in the Middle East, so within 3 days several members of the two dozen operatives had a check on their calorie burning and health, whilst the mapping data showed the world where the CIA black site was (oh apologies, I meant to say a military specialist endeavouring location of an undetermined nature). The question becomes how was the ‘the security of its technology has been independently verified by the US government‘ achieved? Was that verification process competent, or perhaps slightly less so?

I am not stating my verdict in either direction; yet the entire Huawei mess, as well as the DJI setting implies that the growth industries are shunned from America, mainly because it is not an American industry. Yet in all this, the forget that places like the EU and India are large enough to go forward with both players and truly grow further, whilst the downturn and the economic lag that the US is creating will merely grow the loss of momentum and the recession it will fuel in other ways. I would consider that the setback that Google is trying to create will have larger repercussions down the road. As larger Data vendors will now optionally choose the Chinese side, they will grow market share. You see no matter how it is sliced, all this is data based and data can only grow if there is usage. So when people remain with Huawei as their phone keeps on working, we see that there is a larger concern soon enough. At some point people will stop trusting Samsung, Google and Apple phones, which works out nicely for several players (Microsoft actually more than most), what do you think happens when the larger share of 14.7% of a global market changes to player three and not use Google apps to some degree? Google momentum relies on non-stop data and usage, when a third of the 60% that these three cover stops, do you think that this has no impact for Google?

The same applies to drones. You see intelligence makes the drone and as it grows its market share and the collected data of drone usage is set, the innovation of DJI grows faster. It is the difference between generation now and generation 2022, DJI will grow and can grow in several directions, yet the entire the setting of ‘data theft’ we see that there is a lack of ‘what’ data. What data is collected, the flight path? Well, I think we all need to know in 2023 what flight path was taken for the delivery of 342,450 pizza’s delivered per hour, is it not? It is not that Google Map has that data, and within a building in New York, is there truly a clear sign in the drone itself who exactly the merchandise was for, or was that on the box (instead of the drone). Now, there is no denying that some of that data would optionally be accessible to the Chinese government? Yet what data, what level of data? Do you think that they have time for the hundreds of drones and the data whilst they can monitor 20,000 times that data with a spy satellite (and an additional truckload of data that the drone never had in the first place?

It is when I see ‘unfettered access to American data‘ where the questions become pressing. It is like watching Colin Powell coming into a non-disclosed location with his silver briefcase and in the end the lack of WMD’s, are we going in that direction again? when I see ‘unfettered access to American data‘, it is at that moment I see the optional comparison (an extreme lose comparison mind you) with the innocent preachers daughter who did the naughty thing to 30% of the boys coming to Sunday sermon, having attempted things I cannot even rent on adult video. It is the CNN article (at https://edition.cnn.com/2019/05/20/politics/dhs-chinese-drone-warning/index.html) that gives additional rise to concerns. When you see: “Users are warned to “be cautious when purchasing” drones from China, and to take precautionary steps like turning off the device’s internet connection and removing secure digital cards. The alert also warns users to “understand how to properly operate and limit your device’s access to networks” to avoid “theft of information.”” It seems to me that there are dozens of ways to get this data, a drone seems like an expensive long way round-trip to get to that data, whilst more can be accessed in several other ways and it is the speculation through ‘device’s internet connection‘, so when we see one of these devices (at https://www.dji.com/au/phantom-4-pro-v2/info#specs), we are treated to: “The new Phantom 4 Pro V2.0 features an OcuSync HD transmission system, which supports automatic dual-frequency band switching and connects to DJI Goggles wirelessly“, where did the internet come in? Yes there is an app, to get a live view from the drone, so what ‘unfettered access to American data‘ could there be that Google Maps at present does not have in more detail?

It is the next part that is the actual ace. When we see: “DJI, which reported $2.7 billion in revenue in 2017, is best known for its popular Phantom drone. Introduced in 2013, the drone is the top-selling commercial drone on the market“, information the Independent did not give us, that is the actual stage as I personally see it. It was $2.7 billion in 2017, there is no doubt that when drone delivery truly takes off, at that point revenue that sits between $15 and $27 billion is not unrealistic, the dire need to avoid congestion on a global scale will drive it and that is before you realise the non-US benefits in London, Amsterdam, Paris, Berlin, Munich, Madrid, Barcelona, Rome, Athens, Moscow. At that point you will see stronger growth and I haven’t even looked at the opportunities in a place like Mumbai, Tokyo, Delhi, Bangkok, Rio, Buenos Aires and Sydney yet. Everything leaves me with the impression that this is not about security, it is about money. That fact can be proven when you realise that everyone remains silent on the 29 new vulnerabilities that Cisco reported merely a month ago. How many Cisco router stories have come from that non-technologically refined White House, where they are currently optionally limited by “Cisco routers, including ones that can be found in malls, large companies or government institutions, are flawed in a way that allows hackers to steal all of the data flowing through them“, the cybersecurity company Red Baron handed out that issue to the media last week, so who picked up on that danger to ‘unfettered access to American data‘? And when you consider ‘it allows potential malicious actors to bypass the router’s security feature, Trust Anchor. This feature has been standard in Cisco’s routers since 2013‘, when we realise that Cisco is a household name on a global scale (especially when connected to the internet), the entire Cisco matter seems to be at least 15,000 times worse than any DJI drone ever could be, and the fact that DHS remains silent on that gives (again, as I personally see it) is added proof that this is merely about the money and the fact that US companies are losing markets on a global scale.

I could set the stage by singing ‘All ‘Bout the money‘ by Meja and ‘That’s the way the money goes‘ by M, but then, I realise that people would most likely pay me serious money not to sing (my voice is actually that bad).

That’s the way the money flows, specifically at present in a direction that the US is for the foreseeable future most displeased about.

 

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That crazy thought

Crazy thoughts, we all have them at times, we all think them, we all wonder the ‘What if’ question whether it is valid or not. So when the news hit, among them the line ‘The $6 trillion wipeout in Asian stocks is getting deeper‘ (source: Sydney Morning Herald). I was not contemplating the quote: “Just like that, the region’s equity benchmark erased weekly gains and is now heading for a sixth slide in seven weeks, only worsening the wipeout that already erased $US4.3 trillion ($5.95 trillion) of market value this year“. So there I was looking at that quote, as well as the quote “One thing that might be worth keeping an eye on is data around China’s consumption — car sales fell for a fifth month and and Ctrip.com International joined the likes of Baidu and Alibaba Group Holding in being unable to avoid the economic slowdown. Also throwing cold water on the recovery is the US dollar, which resumed its appreciation as the Federal Reserve signaled it’s still ready to increase rates in December. The strong greenback has been a key concern for investors in the region, as its weakened local currencies and triggered massive outflows from emerging-market assets“. You see, I believe that none of this matters, the excuses like ‘consumer prices steadied amid sluggish demand‘. I went into the ‘What if this was always meant to happen?‘ mode. It is my personal belief that we have been sitting still whilst analysts have been inflating prognoses of economy, whilst they were all humming; it is a bright and sunny day, whilst it was not. We get excited when USA Today gave us ‘Economy adds robust 250,000 jobs in October in last employment report before election‘ on November 2nd. Yet this is news that was merely overdue and way too late. The world has been at a stand still for the longest of times. Millions of US citizens are still overcoming a decade of hardship, many of them lost the bulk of their retirement funds and it will take half a decade of really good news to turn this around. Too many have felt the pain and it is the same all over Asia. We might see news last month with ‘India adds 7,300 new millionaires’ thinking that hard times are over, yet this merely shows the stage where 7,300 clever Indians are getting other Indians doing their bidding, the millions behind those 7,300 people are not in a much better place, they have not been for the longest of times. Those 7,300 will be the foundation of a dozen or perhaps two dozen billionaire over time, yet like in any pyramid scheme, the profits go upwards, the foundation of that pyramid will not see a dime of that and we forget about that unbalanced setting. So as we are all in a stage of happy happy joy joy, the market is relentless in too much upbeat procrastinated prognoses and the market will seek equilibrium. No matter what excuse we see, what term we give to oil, what term we give to car users. The foundation is that every sold car is linked to a person buying it and from the current stage less than 25,000 were able to afford a new car, because the normal monthly expenses remain the same or go up, they never go down. So when we see ‘car sales fell for a fifth month‘, it makes perfect sense, you can up production all you like, yet when the people cannot afford to buy one, making more really makes no sense. That stage is clearly seen in Asia and Europe, in addition, the people in the US don’t have that much extra to spend, even with the new job, their living expenses had been through the roof for 2-3 years and they build either a buffer or go hungry and become homeless.

It all gets to have a hilarious side when you consider the Wall Street Journal (at https://www.wsj.com/articles/peter-navarro-blasts-china-and-wall-street-globalists-1541787254). We see “President Trump’s senior trade adviser, Peter Navarro, excoriated China and attacked Goldman Sachs and Wall Street as Beijing’s “unpaid foreign agents” who are weakening the U.S. leader before his meeting this month with China’s president“. It seems to me that Peter Navarro does not comprehend Goldman Sachs or Wall Street, so as an Australian I feel it is my duty (my entertaining duty mind you) to explain that part in a plain manner. ‘Mr Navarro, these two players Wall Street and Goldman Sachs do not give a fuck about you or your president, they never did! They only care about their bottom line, the annual growth, the profits they do make and their bonuses. It is that plain, and simple enough the board of directors in these two places care exponentially more about their bonus, nothing else matters!‘ I do hope that Peter Navarro comprehends that part, because it has never been different. The American people were sold down the drain in an instant in 2004 and 2008 and those people will do that again and again. It is not rocket science; it is transparent and extremely predictable. So when I see “As a summit with Chinese President Xi Jinping looms at the Group of 20 meeting in Buenos Aires, the economic council is coordinating what kind of trade deal the U.S. might accept from China. It is focusing on intellectual property, agricultural tariffs, forced technology transfer and requirements that U.S. firms form joint ventures to operate in China“, I see no mystery, I see no questions. It is merely the execution of the operational merit that profit brings to these 20 players that is on the table and the US is weaker than it has been ever before. A lot of the IP is not in American hands, the ones that matter are in the hands of IBM, Google and Intel and the US administrations have been able to piss all three off in more than one way, so good luck there. In addition, if the US exercises some ownership need, we will see both IBM and Google moving their IP all over the place making matters for the US worse.

Oh and this was all before we see the current US president in a stage where we see: “France on Saturday attempted to defuse a row sparked by President Emmanuel Macron’s comments about a European army which angered US President Donald Trump“, we can consider that passing of the few allies left is not really a good thing, is it? Especially in light where Marine Le Pen is currently more popular than Emmanuel Macron is the upcoming EU elections. The advantage is only one percent, yet we also see: “Far-right parties, including those supporting a French exit from the EU, secured a combined 30 percent of support“, that is way more than most EU nations are currently willing to be comfortable with. The fact that President Macron has agreed with Dutch Prime Minister Mark Rutte to a union of En Marche, Dutch Liberals and Democrats is optionally one that could backfire in France to some degree and if Le Pen gets to the 40% mark a stage of Wall Street panic would be the consequence making the markets slip even further getting the overall losses to surpass eight trillion before the year ends. This stage becomes an even larger US nightmare as Matteo Salvini enters the stage, and he is siding largely with Marine Le Pen in all this, most likely purely for his own interests as would be expected in Lego Politics, but the impact is still there. This all impacts to a much larger degree as Italy has stated less than a day ago that they will not adjust the Italian budget which now puts the ECB and the EU in a much darker light, this budget could optionally impact the stage in a few European ways and the other nations will be reminded of the Greek tragedy when it overstated what they did not have, whilst we now see Italy not acknowledging the things they do not have, with a similar impact to several EU nations, the consequences could propel out of control and that too will impact greed driven Wall Street. This means that President Trump is going into a G20 meeting with three sets of balls and chains on their ankles, whilst China gets to point out these six balls and chains and remind him that this is partially all his doing (whether that is true or not).

So in the end, he sits in a meeting with little to use, nothing to go by and all merely because the previous 4 administrations all left control of the wealth reigns with Wall Street themselves, how was that ever going to work?

So that crazy thought is now going into the direction: ‘What if we remove the reigns of wall Street?‘ Would that be the craziest idea? In the end it is not going to happen, yet a first step is not the weirdest idea. It is time to take a very close look at those Wall Street analysts and their exectations, even if they ever correctly solve their rounding problem, the people still end up being confronted with a (what I personally would speculatively call) a 1.13% offset from any norm and that made all the differences for well over 12% of the companies ‘underperforming’ in the eyes of Wall Street. When we consider going back in time to 1874 when French economist Léon Walras decided to give ‘Elements of Pure Economics‘, he failed (as these settings did not exist) to give two elements a much larger consideration. The first is ‘behaviour of supply and demand‘, whilst not realising that governments have a required supply and demand and the corporations have a forecasted supply for the expected demand of an international community, which is weighted and rounded upwards sinking the notion of science towards anticipated presentations. So there we see three sets of numbers, all weighted and only after the fact shown as ‘due to unexpected factors‘ graded downwards after the fact giving us a few headaches all at the same time.

So as we see ‘adjusted’, ‘evolved’ and ‘expert driven’ algorithms towards forecasting the fact that there was something wrong with the formula’s in the first p[lace is not set into the stage of punitive prosecution ever. Meaning that these wipe-outs will happen again and again and the next time it hits a group of people that will revolt violently for being presented the invoice that others should have paid for, a stage that is unseen as many are in denial and often merely wiping the consideration away as non-relevant and unimportant. And the idea is not unique, my thoughts, my very own thoughts were proven correctly in 2013 by former Wall Street analyst Yves Smith in her book ‘ECONned‘ and she is not the only one, yet in the 5 years that followed, after all the evidence shown in several ways, the US Administration decided not to act, decided not to take control of the situation, even largely diffusing the danger was beyond them and now we see the stage where we see ‘weakening the U.S. leader before his meeting this month‘, in my personal view Peter Navarro needs to wake up and smell the coffee. He comes from an environment that did nothing for too long.

How crazy was that thought?

 

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Waking up 5 years late

I have had something like this, I swear it’s true. It was after I came back from the Middle East, I was more of a ‘party person’ in those days and I would party all weekend non-stop. It would start on Friday evening and I would get home Sunday afternoon. So one weekend, I had gone through the nightclub, day club, bars and Shoarma pit stops after which I went home. I went to bed and I get woken up by the telephone. It is my boss, asking me whether I would be coming to work that day. I noticed it was 09:30, I had overslept. I apologised and rushed to the office. I told him I was sorry that I had overslept and I did not expect too much nose as it was the first time that I had overslept. So the follow up question became “and where were you yesterday?” My puzzled look from my eyes told him something was wrong. It was Tuesday! I had actually slept from Sunday afternoon until Tuesday morning. It would be the weirdest week in a lifetime. I had lost an entire day and I had no idea how I lost a day. I still think back to that moment every now and then, the sensation of the perception of a week being different, I never got over it, now 31 years ago, and it still gets to me every now and then.

A similar sensation is optionally hitting Christine Lagarde I reckon, although if she is still hitting the party scene, my initial response will be “You go girl!

You see with “Market power wielded by US tech giants concerns IMF chief” (at https://www.theguardian.com/business/2018/apr/19/market-power-wielded-by-us-tech-giants-concerns-imf-chief-christine-lagarde) we see the issues on a very different level. So even as we all accept “Christine Lagarde, has expressed concern about the market power wielded by the US technology giants and called for more competition to protect economies and individuals”, we see not the message, but the exclusion. So as we consider “Pressure has been building in the US for antitrust laws to be used to break up some of the biggest companies, with Google, Facebook and Amazon all targeted by critics“, I see a very different landscape. You see as we see Microsoft, IBM and Apple missing in that group, it is my personal consideration that this is about something else. You see Microsoft, IBM and Apple have one thing in common. They are Patent Powerhouses and no one messes with those. This is about power consolidation and the fact that Christine Lagarde is speaking out in such a way is an absolute hypocrite setting for the IMF to have.

You see, to get that you need to be aware of two elements. The first is the American economy. Now in my personal (highly opposed) vision, the US has been bankrupt; it has been for some time and just like the entire Moody debacle in 2008. People might have seen in in ‘the Big Short‘, a movie that showed part of it and whilst the Guardian reported ““Moody’s failed to adhere to its own credit-rating standards and fell short on its pledge of transparency in the run-up to the ‘great recession’,” principal deputy associate attorney general Bill Baer said in the statement“, it is merely one version of betrayal to the people of the US by giving protection to special people in excess of billions and they merely had to pay a $864m penalty. I am certain that those billionaires have split that penalty amongst them. So, as I stated, the US should be seen as bankrupt. It is not the only part in this. The Sydney Morning Herald (at https://www.smh.com.au/business/the-economy/how-trump-s-hair-raising-level-of-debt-could-bring-us-all-crashing-down-20180420-p4zank.html) gives us “Twin reports by the International Monetary Fund sketch a chain reaction of dangerous consequences for world finance. The policy – if you can call it that – puts the US on an untenable debt trajectory. It smacks of Latin American caudillo populism, a Peronist contagion that threatens to destroy the moral foundations of the Great Republic. The IMF’s Fiscal Monitor estimates that the US budget deficit will spike to 5.3 per cent of GDP this year and 5.9 per cent in 2019. This is happening at a stage of the economic cycle when swelling tax revenues should be reducing net borrowing to zero“. I am actually decently certain that this will happen. Now we need to look back to my earlier statement.

You see, if the US borrowing power is nullified, the US is left without any options, unless (you saw that coming didn’t you). The underwriting power of debt becomes patent power. Patents have been set to IP support. I attended a few of those events (being a Master of Intellectual Property Law) and even as my heart is in Trademarks, I do have a fine appreciation of Patents. In this the econometrics of the world are seeing the national values and the value of any GDP supported by the economic value of patents.

In this, in 2016 we got “Innovation and creative endeavors are indispensable elements that drive economic growth and sustain the competitive edge of the U.S. economy. The last century recorded unprecedented improvements in the health, economic well-being, and overall quality of life for the entire U.S. population. As the world leader in innovation, U.S. companies have relied on intellectual property (IP) as one of the leading tools with which such advances were promoted and realized. Patents, trademarks, and copyrights are the principal means for establishing ownership rights to the creations, inventions, and brands that can be used to generate tangible economic benefits to their owner“, as such the cookie has crumbled into where the value is set (see attached), one of the key findings is “IP-intensive industries continue to be a major, integral and growing part of the U.S. economy“, as such we see the tech giants that I mentioned as missing and not being mentioned by Christine Lagarde. It is merely one setting and there are optionally a lot more, but in light of certain elements I believe that patents are a driving force and those three have a bundle, Apple has so many that it can use those patents too buy several European nations. IBM with their (what I personally believe to be) an overvalued Watson, we have seen the entire mess moving forward, presenting itself and pushing ‘boundaries’ as we are set into a stage of ‘look what’s coming’! It is all about research, MIT and Think 2018. It is almost like Think 2018 is about the point of concept, the moment of awareness and the professional use of AI. In that IBM, in its own blog accidently gave away the goods as I see it with: “As we get closer to Think, we’re looking forward to unveiling more sessions, speakers and demos“, I think they are close, they are getting to certain levels, but they are not there yet. In my personal view they need to keep the momentum going, even if they need to throw in three more high exposed events, free plane tickets and all kinds of swag to flim flam the audience. I think that they are prepping for the events that will not be complete in an alpha stage until 2020. Yet that momentum is growing, and it needs to remain growing. Two quotes give us that essential ‘need’.

  1. The US Army signed a 33-month, $135 million contract with IBM for cloud services including Watson IoT, predictive analytics and AI for better visibility into equipment readiness.
  2. In 2017, IBM inventors received more than 1,900 patents for new cloud technologies to help solve critical business challenges.

The second is the money shot. An early estimate is outside of the realm of most, you see the IP Watchdog gave us: “IBM Inventors received a record 9043 US patents in 2017, patenting in such areas as AI, Cloud, Blockchain, Cybersecurity and Quantum Computing technology“, the low estimate is a value of $11.8 trillion dollars. That is what IBM is sitting on. That is the power of just ONE tech giant, and how come that Christine Lagarde missed out on mentioning IBM? I’ll let you decide, or perhaps it was Larry Elliott from the Guardian who missed out? I doubt it, because Larry Elliott is many things, stupid ain’t one. I might not agree with him, or at times with his point of view, but he is the clever one and his views are valid ones.

So in all this we see that there is a push, but is it the one the IMF is giving or is there another play? The fact that banks have a much larger influence in what happens is not mentioned, yet that is not the play and I accept that, it is not what is at stake. There is a push on many levels and even as we agree that some tech giants have a larger piece of the cake (Facebook, Google and Amazon), a lot could have been prevented by proper corporate taxation, but that gets to most of the EU and the American Donald Duck, or was that Trump are all about not walking that road? The fact that Christine has failed (one amongst many) to introduce proper tax accountability on tech giants is a much larger issue and it is not all on her plate in all honesty, so there are a few issues with all this and the supporting views on all this is not given with “Lagarde expressed concern at the growing threat of a trade war between the US and China, saying that protectionism posed a threat to the upswing in the global economy and to an international system that had served countries well“, it is seen in several fields, one field, was given by The Hill, in an opinion piece. The information is accurate it is merely important to see that it has the views of the writer (just like any blog).

So with “Last December, the United States and 76 other WTO members agreed at the Buenos Aires WTO Ministerial to start exploring WTO negotiations on trade-related aspects of e-commerce. Those WTO members are now beginning their work by identifying the objectives of such an agreement. The U.S. paper is an important contribution because it comprehensively addresses the digital trade barriers faced by many companies“, which now underlines “A recent United States paper submitted to the World Trade Organization (WTO) is a notable step toward establishing rules to remove digital trade barriers. The paper is significant for identifying the objectives of an international agreement on digital trade“. This now directly gives rise to “the American Bar Association Section of Intellectual Property Law also requested that the new NAFTA require increased protections in trade secrets, trademarks, copyrights, and patents“, which we get from ‘Ambassador Lighthizer Urged to Include Intellectual Property Protections in New NAFTA‘ (at https://www.jdsupra.com/legalnews/ambassador-lighthizer-urged-to-include-52674/) less than 10 hours ago. So when we link that to the quote “The proposals included: that Canada and Mexico establish criminal penalties for trade secrets violations similar to those in the U.S. Economic Espionage Act, an agreement that Mexico eliminate its requirement that trademarks be visible, a prohibition on the lowering of minimum standards of patent protection“. So when we now look back towards the statement of Christine Lagarde and her exclusion of IBM, Microsoft and Apple, how is she not directly being a protectionist of some tech giants?

I think that the IMF is also feeling the waters what happens when the US economy takes a dip, because at the current debt levels that impact is a hell of a lot more intense and the games like Moody’s have been played and cannot be played again. Getting caught on that level means that the US would have to be removed from several world economic executive decisions, not a place anyone in Wall Street is willing to accept, so that that point Pandora’s Box gets opened and no one will be able to close it at that point. So after waking up 5 years late we see that the plays have been again and again about keeping the status quo and as such the digital rights is the one card left to play, which gives the three tech giants an amount of power they have never had before, so as everyone’s favourite slapping donkey (Facebook) is mentioned next to a few others, it is the issue of those not mentioned that will be having the cake and quality venison that we all desire. In this we are in a dangerous place, even more the small developers who come up with the interesting IP’s they envisioned. As their value becomes overstated from day one, they will be pushed to sell their IP way too early, more important, that point comes before their value comes to fruition and as such those tech giants (Apple, IBM, and Microsoft) will get an even more overbearing value. Let’s be clear they are not alone, the larger players like Samsung, Canon, Qualcomm, LG Electronics, Sony and Fujitsu are also on that list. The list of top players has around 300 members, including 6 universities (all American). So that part of the entire economy is massively in American hands and we see no clear second place, not for a long time. Even as the singled out tech giants are on that list, it is the value that they have that sets them a little more apart. Perhaps when you consider having a go at three of them, whilst one is already under heavy emotional scrutiny is perhaps a small price to pay.

How nice for them to wake up, I merely lost one day once, they have been playing the sleeping game for years and we will get that invoice at the expense of the futures we were not allowed to have, if you wonder how weird that statement is, then take a look at the current retirees, the devaluation they face, the amount they are still about to lose and wonder what you will be left with when you consider that the social jar will be empty long before you retire. The one part we hoped to have at the very least is the one we will never have because governments decided that budgeting was just too hard a task, so they preferred to squander it all away. The gap of those who have and those who have not will become a lot wider over the next 5 years, so those who retire before 2028 will see hardships they never bargained for. So how exactly are you served with addressing “‘too much concentration in hands of the few’ does not help economy“, they aren’t and you weren’t. It is merely the setting for what comes next, because in all this it was never about that. It is the first fear of America that counts. With ‘US ponders how it can stem China’s technology march‘ (at http://www.afr.com/news/world/us-ponders-how-it-can-stem-chinas-technology-march-20180418-h0yyaw), we start seeing that shift, so as we see “The New York Times reported on April 7 that “at the heart” of the trade dispute is a contest over which country plays “a leading role in high-tech industries”. The Wall Street Journal reported on April 12 that the US was preparing rules to block Chinese technology investment in the US, while continuing to negotiate over trade penalties“, we see the shifted theatre of trade war. It will be about the national economic value with the weight of patents smack in the middle. In that regard, the more you depreciate other parts, the more important the value of patents becomes. It is not a simple or easy picture, but we will see loads of econometrics giving their view on all that within the next 2-3 weeks.

Have a great weekend and please do not bother to wake up, it seems that Christine Lagarde didn’t bother waking up for years.

 

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Mere consideration

An article was given today in the Guardian. We can argue in many ways, there is no ‘Yay’ or ‘Nea’, there is no setting that gives rise to anything wrongfully reported (at https://www.theguardian.com/world/2017/jul/27/cassie-sainsbury-to-serve-six-years-in-colombian-jail-after-judge-accepts-plea-deal). The question that formed in my mind was all about the previous part, all about the part ignored. The Daily Telegraph (at http://www.dailytelegraph.com.au/news/nsw/cassie-sainsbury-worked-as-a-prostitute-former-colleague-says-shes-a-compulsive-liar/news-story/e3897bc910b3c4d5d7f97d6b8eb406bc) states “the 22-year-old was a former sex worker who spent months working in a Western Sydney brothel in the lead up to her ill-fated ­Colombian trip“, another source gives us that she worked for Club 220. It does not make an impact, what does give us the goods is that this 22 year old went to Columbia of all places. I have nothing against Columbia, I worked with the Colombian presidential guards in 1982, all dedicated to their nation, a little fanatic, but all believing in what they did. Yet as a tourist, Colombia would never be on my list. Rio might (not too likely), yet Buenos Aires definitely would be on my list. Still from Australia that is not the most affordable trip. The cheapest was $2400 return whilst Buenos Aires is offered at $1750, all this whilst Jakarta is merely $270 away. Now, she might not like Indonesia, that’s fair. Yet in all this, Colombia is not the actual most desired place to go to. Some, especially those with connections would feel different and that is fair too. In all this there has been very little reporting on the reasoning of the 22 year old and her choice of travel. So as the Sydney Morning Herald reports “The plea bargain was then explained: if the deal was accepted by the prosecutor, the defence and the judge, Ms Sainsbury would be sentenced to 6 years of prison instead of the potential 30 year sentence if she was found guilty” sounds nice, yet in all this, the deciding players behind this, the elements do not add up. How long until we get scores flying to Bogota, because the coffee is just so much fresher in the place where the beans are plucked. We need not wonder on the validity of choice, merely accept the freedom to choose. It is a point of view we can agree with to some extent, yet questions still rise.

Even as we seem to focus on: “the judge asked Ms Sainsbury if she had been coerced into taking the plea deal“, I wonder how a plea deal is coerced, is a plea deal not the best option she could have hoped for? Was the option to stay in prison for 6 years, or be forced into 30 years? It would be the other way round and as such, how much arm twisting would be required? When we see “Ms Sainsbury was caught at Bogota’s international airport in April, trying to smuggle 5.8 kilograms of cocaine inside 18 separate packages of headphones“, so how was this any good idea? To become an exporter of headphones, whilst JB-Hifi sells quality Sony headsets for $34 (and JBL for $50)? How was any of this a good idea? We know that according to urban folk tales that criminals tend to be not too intelligent, but this dim? Nope, I am not buying it! In addition adding 330 grams to a headset package; something like that gets noticed and real fast too!

In all this, the Daily Telegraph now becomes in addition a worry for Cassie Sainsbury in other ways too. We see this in the two quotes “a former colleague of Sainsbury, who told Nine News she worked with her at brothel Club 220 near Penrith, has accused her of being a compulsive liar who once pretended her mother had died from MS” and “The former colleague said she had donated money to Sainsbury to cover her mother’s funeral costs and was horrified to see images of her mother alive and well on television“. Another claim given is “According to the colleague, Sainsbury went under the name of “Claudia” and listed herself online as “19 years old … classy, fun and ready to please”“, which get us to the situation that if the reliability of the accused is found to be non-existing, there is the chance that the judge throws out the option of plea bargain as the defence of the accused was “she was “threatened” into becoming a mule by an international drugs syndicate“, if there was no threat, she becomes the instigator of smuggling for large profits and that sets her on that 30 year train ride to nowhere.

I found the quote “Sainsbury’s fiancé Scott Broadbridge maintained his partner was innocent during an interview with Seven’s Sunday Night program. He said she was employed by a mystery couple who paid her $1800 a week to travel the world to work for their cleaning business“, it is interesting as it is a better income than most people at ASIS get, and they get into a lot more hot water, being in better shape and having a near Olympian constitution and well above decent looks too, which applies to both the boys and the girls working there. All elements Cassie lacked (as well as other shortcomings in education and degrees), so which cleaning business is hiring people at almost $10K a month?

There is a level of befuddlement within me as parts of all these given items are accepted by media, the courts and apparently the gullible audience. In all this, the Sydney Morning Herald gives one additional Gem that the AAP seems to have missed. When we consider “Given that any amount over 5 kilos is considered “aggravated circumstances” and draws a higher penalty, Ms Sainsbury could be facing 30 years in Colombian prison“, so no matter who was involved, the issue of this element which could have been diminished by trying to smuggle 4.9 Kg instead of the 5.8Kg is showing to be an element, especially as the 18 headsets were already a joke, the difference of 50 grams per headset would still have been noticed, but overall, on the two elements (apart from the mindlessness of trying to personally export 18 headsets whilst you are competing against players you have no chance against), we see that there is an element of stupid greed coming in. When drug tourism relied on the elements of stupid and gullible (added with two tits and a vagina to make the package even more appealing), whomever was linked in all this, going for the lower threshold of staying below 5000 grams might have had another (read: better) impact.

This is not merely the limitations of a system, this is a different circus. The Australian Daily Telegraph is also giving us “Bogota hotel manager describes man whom accused drug mule says tricked her into smuggling cocaine“, in addition; the quotes given give additional light on the less factually given job with $1800 a week. The quote “Ms Hernandez saying she stood out at her hotel because she arrived without a reservation and paid for her accommodation only two days at a time“, would a ‘business‘ trip not be prearranged? How would the ‘cleaning business‘ continue without a clear itinerary as well as clear invoices? In addition to that, the quote which is seen in news.com.au “Earlier it was revealed the US Drug Enforcement Agency reportedly alerted Colombian authorities to their suspicions about Ms Sainsbury. “We found her because of an alert from the DEA [Drug Enforcement Agency],” Bogota airport’s narcotics chief, Commander Rodrigo Soler, told News Corp Australia” the entire mess gets another image entirely. If the given is true, not only is the entire mess as I personally speculate it to be a farce, there is every consideration that she was a 5.8Kg decoy for other parties to get out without a hitch. Consider the facts. She got into the hotel on April 3rd, left April 12th and got arrested on the airport. So in 9 days, she got approached, likely after a few days the ‘coercion‘ was made so in less than 7 days, a infiltrated drug ring got data to the DEA, the name and details forwarded to other parties so she could be arrested. So someone gave up $20,650 in goods (Colombian value of Cocaine), which in Australia would be $1.74 million. Is that what really happened, or was the actual catch to send two additional models (or a couple) each with 2,450 grams of cocaine (total value $1.45 million), whilst the total venture costed $35.5K and three plane tickets. It could just be me, yet when we hear screaming of a high profile drug dealer being caught on boarding the flight those getting of the plane in Sydney might have a lot more smooth sailing.

In the end, there is a chance that she was merely the patsy in this endeavour, whether it was a willing one or a coerced one is hard to tell, however the evidence is not in her favour at present. In light of all this, when we go back to Chapelle Corby who had a bag and a boogie board and decided to add more than the weight of a boogie board in Marijuana in a place that hates drugs with a passion, now we see equally less intelligent acts by a person nicknamed in the papers as ‘Ccocaine Cassie‘, yes, if all hedge funds managers were only that stupid the economy would have been in a much better place.

In my view, we cannot oppose the fact that the bulk of papers are merely reporting on what the AAP is giving them (read: reporting should be copy and paste), yet the ‘articles’ left me with merely common sense issues on nearly every level. In all this I wonder if the court and prosecutor had done their due diligence in addition to all this. Should we have expected more from the Australian Associated Press? They report themselves to be the “AAP is the media company that businesses turn to for news, information and publishing solutions. With breaking news firmly at our core, our vast range of products and services help clients connect with and engage their audiences. AAP is your integrated, simple solution“, yet the AAP made no mention of the 5Kg threshold and what is the verdict on both sides of that isle. In addition, something that was not on the list is the question on how many trips Cassie had been on since she turned 18? I would love to know how she got to decide on Bogota without knowing where else she had been, as that stands to the character of the accused. In addition, considering that the weight of a headset is around 200 grams, replacing that with in excess of 150% weight in cocaine seems even less intelligent. When we get an overdose of details on the lingerie of Kim Kardashian and a lack of facts and evidence in a reported drug hearing, the lack of questions asked all over the place is a little too deafening to my liking.

In all that, the valid words of immigration minister, Peter Dutton as we hear “People need to abide by the laws of that country. If not, they will face serious consequences,” might be well, but it falls on the ears of those stating ‘who the fuck cares?

This directly relates to the lack of visibility we see given to the defence lawyer of Cassie, in this as I see it, only the International Business Times gave any level of visibility to Orlando Herran. Here we see what was given to 60 minutes. With “someone on Craigslist offering a loan and a trip to London, she jumped at the opportunity. However, the itinerary was allegedly changed to Hong Kong, Los Angeles and Bogota“, how was that missed and changed to merely ‘a global cleaning service‘? Does this impede the reliability of the statements of the accused even further? That would be for the court to decide, but overall there has been a level of skipping that is just way too weird. In this the evidence also not reported on was who paid for the flight? Was it in cash (where was it paid) or credit card? All evidence not shown to the audience by the media either.

In the mere consideration here I see a failing on several sides and in all this there would be the required additional forensic digital investigation regarding the Craigslist as well, as it could be useful evidence. This entire event has too many holes and several unlooked places, especially when you consider that the DEA had its own role to play in all this.

 

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Intentionally not that bright?

On average, why do you not give your $2 (or £1) to the junk sitting at the entrance to the underground? Why are you hesitant to give the same to the drunk half passed out on the street? This is not a question of morale, or on the idea that you might have a ‘Samaritan’ bone in your body. This is purely human nature, we all do ‘good’ things at times, we give to the red cross, the Salvo’s, yet when we know that the money will go into health endangering acts, like money so the junk can buy more drugs, how do we feel then?

I tend to not give any!

I do my share, the daffodil, the heart foundation, starlight, legacy; the list goes on for a while. I do not give a boatload, but I definitely spend dollars on good causes. These causes make sense and I feel that there is a moral obligation to do things for those less fortunate than me. Yet, knowing a junk will buy more drugs stops me from giving, and yes there are no exceptions. I do not think my way of thinking is out there, many follow my lead. So why do I read ‘Poor nations ‘pushed into new debt crisis’‘ (at http://www.theguardian.com/business/2014/oct/10/poor-nations-debt-crisis-developing-countries), how moronic (read: overly simplified silly) is the act of giving loans to a group that cannot control a budget? When we see “Jubilee Debt Campaign says as many as two-thirds of 43 developing countries it analysed are at risk over next decade” as well as “Coinciding with the World Bank’s annual meeting in Washington, the anti-poverty campaigners accuse the international lender and other public bodies of “leading the lending boom” to poor countries without checking how repaying debts will divert resources from cutting poverty“. I would change that in how can we make international lender accountable for their own bad choices?

Not unlike Wonga ruling (at http://www.theguardian.com/money/2014/oct/03/payday-lenders-repay-loans-wonga), these nations should get those loans expunged and the international lenders will just lose their money. They will of course disagree, but the entire loan issue is getting massively out of hand and those enabling them get paid no matter what. This needs to stop.

Sarah-Jayne Clifton, director of the Jubilee Debt Campaign, makes a good case, yet overall she is not willing to far enough on one side and is treading where she should not on the other side. Let me explain this. At the end, the quote is “As such, the campaigners are urging the UK government to push for policies that support developing countries in increasing their tax revenues by clamping down on tax avoidance and evasion“.

No, no, no, no, no! That is not a good idea!

Pushing for policies tends to be a slippery slope (even though the approach is not that bad), in addition, the issue with developing countries and their tax push is only one side, which is the wrong side. These developing countries need to take a hard look on what they are spending these loans on and WHO they are enabling in the first place.

Let’s take a look at a few quotes from the past years and see how they fit in: “Ana Olivera took office on Friday promising to streamline the overweight administration of Uruguay’s capital“. Seems like a good approach. It must sting the Americans to no end that the elected official is a communist. OK, Ana Olivera is only mayor of Montevideo, but that village contains well over 50% of the population of that entire nation, which gives the mayor loads of political power. Uruguay is sometimes called the Netherlands of Latin America, because of its social approach, yet Uruguay is almost 5 times the size of the Netherlands and a mere ferry ride away from Buenos Aires (in case you want to have some cosmopolitan fun). There is method to my madness and here it comes. When we see the news in the International Business Times (at http://www.ibtimes.com/uruguays-economy-will-struggle-unemployment-inflation-it-will-grow-4-percent-2014-1540214), an article from last January where we see that some nations can get a decent grip on their debts, although inflation remains a worry for now. Bloomberg had some additional issues (at http://www.bloomberg.com/news/2014-02-19/uruguay-s-growth-pushing-inflation-above-target-bergara-says.html), “Uruguay, a nation of 3.3 million people wedged between South America’s two largest economies, has since become less dependent on trade with Argentina“, it gives rise to worry about inflation, yet it seems that they are staying on top of it for now.

This links back to the other ‘poor’ nations. These players seem to be given an unofficial charter of bad financial management. If it were just one or two issues, no! When we see the report that two thirds is in the high risk zone of getting a new debt crises, even though most of them got their debts written off, we can clearly see the proverbial pattern of junkies. This of course makes for the analogy that it turns the international lender as a debt dealer at best and as a debt pusher at worst. So, here we see my part of disagreeing with Sarah-Jayne Clifton. We need to put into place clear policies on how loans are to be allowed in the first place. How these nations are currently held to account (and accountable)! If we see a structural failing, then we have a duty to deal with that weakness and deal with the implied ‘pain’ from such irresponsible actions. Yet, governments and ‘overseers’ of these lending institutions seem not to be willing to do just that, we can assume we know the reason, but that is just listening to gossip ;-).

However, as I go for the expression of being artistic, there is this story about being black and that story is played by a pot and a kettle. How can we push for responsible, budgeted governing when the big players involved seem to be unable to do just that (USA, United Kingdom and Australia, but to name a few). Is it truly conspiracy theory inclined to claim that governments are over enabling banks and financial institutions? I am very willing to accept that I am wrong here, but the numbers all speak into my favour (towards my train of thought), so what is the link?

Consider the impact of Neoliberalism. Consider how the term changed usage and to a certain effect the value and application from the 1930’s, the 1980’s and it seems that the concept is changing again. In the 30’s it came from a desire to avoid repetitive economic failures that were visible up to the early 1930s, this resulted in the gesture of blame towards economic policy of ‘classical’ liberalism. Then later on it had shifted in meaning from a moderate form of liberalism to the radical and privately held transactions between parties, set in a ‘free’ (read: unaccountable) environment, free from intrusive government restrictions, tariffs, and subsidised capitalist set of ideas. Is it not interesting how this version as we see it now, is all about what it was with added non taxability and non-accountability? It is a new form of Neoliberalism with a twist that is all about enabling the wealth driven and the wealth begotten, yet in that view neo liberalism is not just a ‘new’ kind of liberalism, it is not just based on ‘old’ values of civil rights, freedom of the press, freedom of religion, and free trade. It is enabling non-accountability, non-taxation and even non-prosecutable to a certain extent. So the freedom they have been given are evolving into a total form of freedom where they obscure, device and decide, whilst the people get saddled with the bill of their appointed exploitation.

How is that liberal in any way, shape or form?

There is none more part we can look at. It comes from the paper ‘Neoliberalism and the Global Financial Crisis’ by Sharon Beder (at http://www.uow.edu.au/~sharonb/GFC.html).

The paper has a very fitting part where the topic headline reads ‘Financial Market Coercion‘ and we see “Whilst the IMF and the World Bank enforced the Washington Consensus on poorer countries in desperate need of capital, other more affluent countries were forced into adopting the same formula by the world’s financial markets. Their vulnerability to these markets was facilitated by financial deregulation“. This is what we see in action. Additional we see: “Financial deregulation was demanded by business interests, particularly large financial firms and transnational corporations that wanted to be free to move their money around. The economic argument for financial deregulation, supplied by free market think tanks and economic advisors, was that the free and unregulated movement of capital is more efficient, because capital can move to where it gets the best returns (Helleiner 1996, 194, Bell 1997, 103-4).

Yet in that part, it does not state the one issue that is massively in play for governments on a global level. This is read in the part “free and unregulated movement of capital is more efficient, because capital can move to where it gets the best returns“, but what is does not state, which it should “free and unregulated movement of capital is more efficient, because capital can move to where it gets the best returns, absolvent of taxation and financial duties“. Now we get back to these ‘poor’ nations. Yes, they are getting pushed into new debt crises, as the facilitating business branches are all about getting money out and not paying for taxation which was enabled by neoliberalism (their altered version of) as I see it.

Is it not an interesting part that we now see the scary view that a Uruguayan communist shows more social responsibility then the ‘free west’ has shown in the last decade?

As I stated it before, when you make banks and big business the facilitator for the future, you will see that their only future you end up with is their own selfish needs. This is why the push for policies by Sarah-Jayne Clifton worried me; she might end up giving the keys to that group of people that should never have access to the keys in the first place, not if a nation wants to do anything for its people. Is there a better solution? It seems that either we go the Uruguayan way and deal with inflation dangers, yet the other way is equally drenched in risks and dangers. The first order is to set up the right policies that keep large corporations tax accountable. They might ‘threaten’ to walk away and to go to Paris or something like that, yet a nation has a multi-million consumers market. If a firm cannot do business, in the end, they stop from being a business and someone else steps in. We need to stop the greed that these investors represent. I am however at a loss to give a clear answer of what will actually work. There are too many variables and not enough people ready to stand up for that what must be decided upon, so we stay in an impasse, a status quo that had stopped being just that years ago, we just do not see clearly how much we lose every day, so we continue the status quo as is.

 

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