Tag Archives: Cloud

Dark side of the Jedi

Yes, I guess that George Lucas really had no idea that this would hold for well over 45 years, but that happens when you become the real innovator. In this we recognise innovators, but the path of one is often dangerous, perilous and it only works when the competition is at your heels. Consider that Star Wars came out when we had The Omen, Taxi Driver, All the presidents men, Rocky, Saturday Night Fever, the Duellists. All excellent movies, all driving the others to do better, that is why it works, so when I see “reversing the Trump-era award to Microsoft Corp and announcing a new contract expected to include its rival Amazon.com and possibly other cloud players” I merely wonder how stupid Trump actually was. To give $10,000,000,000 to Microsoft when they screw up their console position and hand the number two place to Nintendo with the weakest of all consoles, only to likely lose again in the future to the Amazon Luna and possibly even to Netflix? How delusional can you become? Microsoft tried to attack the Apple tablet market and failed miserably again and again, they blew their mobile market and they are trying to create waves for their Azure market, that is the player we want for the U.S. Defense Department? This all whilst we get a day ago “Microsoft has “paused” SQL Server in its Windows Containers project. Microsoft advises anyone interested in running SQL Server in a container to use the Linux root instead”, so basically the two non entries (Google and Amazon) were a better solution off the bat?

So, this Jedi (aka the Joint Enterprise Defense Infrastructure) is off to a rocky start. I had never expected to be any commander in chief so delusional that they would hand the contract to one player, all whilst better solutions (in the worst case merely equal) would be considered without proper vetting? I am not stating to merely give it to Amazon or Google, that is why vetting is an important process, yet in all that, Reuters (at https://www.reuters.com/article/us-microsoft-pentagon-jedi/pentagon-hits-reset-on-trumps-10-billion-cloud-deal-welcoming-new-players-idUSKCN2EC1YY) gives us “The company cited a 2019 book that reported Trump had directed the Defense Department to “screw Amazon” out of the JEDI contract”, is this how Americans see their national defence, as an ego driver? It would be one thing if Microsoft is the better party, but that hasn’t be the case for some time. 

So when I see “the plan would likely involve a direct award for “urgently needed” capabilities and then a “full and open” competition for multiple suppliers by early 2025”, which we get from John Sherman, acting chief information officer for the Defense Department. My issue here is that when I see ‘urgently needed’, I also remember the joke (not a funny one) that the Zumwalt class represents and the billions spend there, then there are a few more projects, all with pressing needs. And whilst we are getting towards it, the entire Kaseya and Solarwinds debacle shows the larger pressing matter. Security matters! And the matter of security can never be properly investigated if it is appointed to one player, one debatable player mind you. I am not stating that security at Google or Amazon is better, but the Exchange issues, which we get from ZDNet in April shows us “Four zero-day vulnerabilities in Microsoft Exchange Server are being actively exploited by state-sponsored threat groups and others to deploy backdoors and malware in widespread attacks”, this doesn’t mean that Google and/or Amazon is better. But the debate is on and Microsoft lost top dog and pole position years ago, they are merely in it to remain mediocre, all for the good of the board of directors. They lost to Apple (tablets), then they lost to Google (with Bing), then they lost to Amazon (web services and SaaS) and now surpassed by TikTok (video against China), that is an impressive fail rate. Consider that Bing has a market share of 2.71%, which against Google with 91.95% is slightly too funny for words. 

But this is not about Microsoft, it is about Jedi (all these funny acronyms). So when we consider the dark side of that forceless solution (by Microsoft) and we need to wonder about “the Defense Department also announced its plans for a new multi-cloud initiative known as the Joint Warfighter Cloud Capability, or JWCC. It must provide capabilities at all three classification levels — Unclassified, Secret and Top Secret — and parity of services across all classification levels; integrated cross-domain solutions; global availability including at the tactical edge; and enhanced cybersecurity controls, according to the Pentagon”, not the intent, but the investigative presumption of ‘enhanced cybersecurity controls’, both Solarwinds and Kaseya showed us that and this field is still widely in development, and sources like business wire are setting the Marke that cloud security will double over the next 4 years, a stage of increased visibility will both increase security and criminal activities, the winner remains unknown at present, even if we acknowledge that REvil has the upper hand, we have no way of knowing what happens tomorrow,  if security comes from innovators there is every chance that Amazon or Google will get there before Microsoft will, even Apple has a better chance of showing innovation than Microsoft in the cloud atmosphere at present. The fact of what happens next will be out soon enough, yet my mind wonders why anyone would be stupid enough to award national defence to anyone without proper vetting.  So when we accept that it was meant as “part of a broader digital modernisation of the Pentagon aimed at making it more technologically agile”, wouldn’t you want to vet to broaden the application of data, the security of the system and the application of security towards data, users and access? There is a reason that SELinux had roots going back to the NSA, this they all wanted to throw away? And the media is merely reporting the news, not questioning that time line? Why is that?

Only the agile and versatile remain superpowers, and the former president was willing to hand over 50% of THAT equation? So consider that what was JEDI (Joint Enterprise Defense Infrastructure) could have become the Darth (Defence Application Reprehensive Technology Hype) defence system. 

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Historic view versus reality

We all seem to have views, it is not wrong, it is not bad it is not evil, it merely is. I saw in 1998-2002 how governments sat on their hands, how lawmakers sat on their hands (and optionally on their mistresses) and they all vocally agreed that hackers were nothing more than a nuisance, and as I see it the traitor Bradley Edward Manning (aka Chelsea Elizabeth Manning) gave up secrets that it was not allowed to reveal and gave it to the world. There is no doubt on guilt, there was no doubt on treason, there merely was the act and that was that, it was the first moment where governments got the first clear hint that hackers were a much larger danger. After that came Julian Assange and Edward Snowden. Julian might be many things, but technically he was not a traitor. Edward Snowden was one, and the law again disregarded the steps that were taken, he went intentionally to a place where he might get the most value out of his deeds, Russia picked him up, just to piss of the US, which they were speculatively allowed to do, yet the stage is rather large, more hackers, all under the guise that the law saw them as a mere nuisance, we all got introduced to ransomware, now we see governments hacked through a sunny breeze (Solarwinds), and the voyage does not end. Now we see less than a day ago ‘Hackers threaten to leak plastic surgery pictures’, as well as ‘National Security Agency warns hackers are forging cloud authentication information’, now I do not care for the plastic surgery part, but it is another case where personal and person inclined data is no longer free, the two elements also give a rather large stage for us to place a new premise. One could now argue that hackers are the clear and present danger to personal and corporate needs and as such they can be hunted down and put t death. So from nuisance to global danger, as such when all these mommies cry that their little boys did not know what they were doing, I have no issues putting a HK model 23 to their foreheads and executing them (optionally with silencer as to not scare the neighbours). 

I think it is time for lawmakers and government administrative types to wake up and smell the situation, and in this, perhaps some remember the words of Martin C. Libicki in Newsweek (2015) where he pushed the view ‘Cyberattacks Are a Nuisance, Not Terrorism’, well that is not really true, is it? When we see the definition of terrorism we see “The unlawful use of violence and intimidation, especially against civilians, in the pursuit of political aims”, there we see two parts up for debate, the fist is that ‘mental violence’ is still violence and the setting of intimidation is already achieved, the stage we still need to address ‘the pursuit of political aims’, not all terrorism is set to political aims, unless if you call self-enrichment the pursuit of political aims. 

And with ‘National Security Agency warns hackers are forging cloud authentication information’ we see an initial stage where commerce will come to a screeching halt. My IP does not cover for that, darn. But there is the old way (1981-1991), just kill them, be done with it. 

Now some (especially in law) will state that I am overreacting, yet am I? It is the lawmakers that could optionally be seen as cowards, hiding behind their golden calf called jurpisprudence. The law, for the most does a good job, it is not perfect, so be it, but for the most, it is OK. This covers the never trespassers and the limited trespassers, they make up for 75% of all people, then there are the criminals, 24.99%, the law takes care of them, they are repeat offenders, career criminals and as such the law was designed to deal with them, then there is the remaining 0.01%, these criminals are in it for the kill, to create a maximum amount of cadavers physically, mentally and financially, to make life for nearly all impossible, and that golden calf, the law cannot deal with them and we accept that, so we remove them in other ways. We hunt them down and put them to death, and when it is some 16 year old claiming he didn’t know what he was doing, we know, he did it to seem cool, he was willing to make all others suffer, just to look cool, to get the tits, to rub the vagina, his friends never could, as such there is a 9mm solution that solves it, if only his parents had raised him right. 

You think I am kidding?
You forget the poverty line is shifting massively because of COVID-19 and soon the insurances will not cover the impact, the media will merely snigger and cash in on all those clicks they got from the $x donation to an unnamed source, and it is now time to make the long overdue change, before governments are pushed to take away more and more of our freedoms, which will push us into the dark-web, a situation these criminals would love. And it is close to 15 years too late, but in this case it is better to be late to the party than not get there at all. 

Am I overreacting?
That would remain a fair question, I do not believe so as this step is well over a decade overdue, it is not something that was pushed to the top in the last few days, and it is partially due to governments and lawmakers not acting when they could have and especially when they should have, now the dike is levied and people are soon to be drowning and something must be done. From my point of view, to hit terrorists, you hit them harder, so the more extreme you hit these hackers, the clearer the message becomes. And a clear message is years overdue.

In this there is a two step setting, there are the “cool wannabe’s” who are mot likely teenagers, some of them are easy to find and after the first examples a lot of them will hide like cockroaches, but the second tier, the one the media and governments intentionally ignore are those in organised crime, they will be the real challenge and as most governments have nothing on stopping them, at best they can limit the damage, which is basically no solution, that gap will take time, but with ‘hackers are forging cloud authentication information’ less than a week old, there is now a chance that the NSA and other intelligence networks will realise that compromised clouds will have global commercial implications, as such governments must now act, the moment any cloud is openly seen compromised, it will be too late for well over a decade. It becomes a clearer situation  when you consider that global e-commerce was set to ‘Global e-Commerce hits $25.6 trillion’, by the United Nations Conference on Trade and Development (UNCTAD), s how much losses must global commerce endure before we act? Oh and if you think that this is the end? How much more powerful will organised crime become if they only get their fingers on 0.1% ($25,600,000,000)? It will become a sliding scale that goes from bad to worse, and governments knew that, they knew for well over a decade, but their delusions saw other non-solution, like perhaps, it will go away on its own, so tell me when was that ever a solution?

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Institutionalised Positioning

Yes, we can take IP in several directions. For me it started yesterday at 17:15 when I got home with my new iPad, after 6 months, minus one week, my iPad finally arrived. So happy happy joy joy. Yet the story is not that simple. I was able to get mot of the apps from my iPad 1st generation onto my iPad Air 4th generation, in a few cases I bought the program again (the $5 will not kill me I assume). And for the most, these programs held up for a long time, so I am happy. 

Yet there the issue started. You see, there was a problem with one program, the program no longer existed. It was a data vault, this data vault kept projects in directories, and they were all hidden. When I needed it I could open one of the folders and I was ready for the presentation. This was the first hurdle. There were all kinds of programs, I must have liked at a few dozen of them, all with cloud backup, all with options to hide all these secret pictures, WTF do I care? I needed a specific application and the 2-3 dozen are all copies of one another, all copies of an idea they all had at the same time. With the exception of two, a massive waste (in my specific case). I got one of them working first with two projects, that was the one I got. Some will think that I am all about the fuss, all about paranoia. So consider January 2020, Forbes gives us ‘Microsoft Security Shocker As 250 Million Customer Records Exposed Online’, with the two additional quotes “Paul Bischoff, a privacy advocate and editor at Comparitech, has revealed how an investigation by the Comparitech security research team uncovered no less than five servers containing the same set of 250 million records”, as well as “the researchers say that many contained plain text data including customer email addresses, IP addresses, geographical locations, descriptions of the customer service and support claims and cases, Microsoft support agent emails, case numbers and resolutions”, as this point, do you think that I am trueing any cloud with my IP? Do you think that I will give any reliability to any firm handing control of their cloud to the NSA? The IP wi worth a pretty penny and there is no way in hell that I trust anyone with that. Especially when you consider “A new report from the National Security Agency (NSA) titled “Mitigating Cloud Vulnerabilities” identifies what the agency considers the top cloud security issue plaguing organisations: misconfigured privacy settings” (source: unconfirmed), so according to the source, not only is it a cloud solution, but the makers cannot properly administer this, so the NSA is needed? I have question marks, but more so in the direction of Microsoft who had been shoving this solution down our throats like it was the second coming. It reminds me, there was a comedian who had this story: “I apparently had a rare disease, but my older brother knew the cure, just eat a handful of sand, thank god for older brothers”, I think you can relate this to both Azure and Microsoft, can you? So as my trust is close to zero Kelvin, I have my IP in a secure location, and I have an encrypted version that I can access via Webmail and then into the Vault. It takes a few steps, but the chance it gets hacked is less than 2%, this in light of Business Insider giving us “Seventy percent of companies using cloud computing vendors get hacked or leak data, Sophos found”, so I am rather picky on how and where my data goes. The fact that almost NONE of the data vaults took that precaution, r allows for it is the larger stage that needs addressing. Apple gave me 4 confrontations in that regard, and let’s be clear, this is not the fault of Apple. Their app store has limits and abilities and as such we are confronted with the larger evil, and evil Apple did not create, the developers are optionally also unaware of the stage that they are on, but the stage we do see is that things need to change, a new IP, one that has the foundations of a 30 year old program called DBMS/Copy, with the foundations of something that resembles ODBC. A setting where WE decide what the source is, where the source is and how we get it to the point of destination, if the cloud can no longer be trusted, we need that solution fast and we need it to be clearly controlled and set in a station where the user is allowed to make the decisions. Now, let be clear, this is not for all, this is not a solution we all need to consider, but enough need to consider it, for one, all those with bankable IP. 

So when we are in a stage where we have 25-50 passwords, and the setting is now that we can’t rely on these passwords because the rainbow tables of today are more and more efficient, in some cases we added simplicity to the working of these tables, as such, in a stage where we enter 5G, where dat travels 10-25 times faster, a rainbow table becomes a lot more dangerous to a much larger group of people and when you see the alleged Microsoft Blunders, we have a lot more to fear. And let be clear, Microsoft might be the clearest example, I for one am unwilling to believe that they are the only one, especially when you see the Sophos numbers. 

In all this, the institutionalised positioning is that there is no issue, there are no glitches and there is no lack of safety. I will let you decide whether I am right, or whether I am wrong, type is enough out there to form your own opinion, yet when you do and you get it wrong, do not come crying. Consider that IP can only be sold once (if it is done right), do you really want to take a chance on something that could be your life’s work and sets you up for retirement? I will let you decide, because that is your right.

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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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