Daily Digest

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Daily Digest 1/25 - Love In A Time Of Crisis, Mass Surveillance Will Not Stop Terrorism

Sunday, January 25, 2015, 12:20 PM

Economy

The Strong Dollar Is Always Good, Except When It Isn’t (jdargis)

In 2011, Timothy F. Geithner, then the Treasury secretary, said, “A strong dollar will always be in the interest of the United States.” He uttered that mantra even though leading economists at the time were noting that the dollar was actually weakening and the shift was in the best interest of the United States. A weaker dollar meant that American exports were more competitive in world markets and consumption of imported goods was declining. In turn, that trimmed America’s trade and budget deficits, stimulated the domestic economy, and helped to spur job creation.

Greeks Vote in Election Seen as Referendum on Austerity (jdargis)

“Democracy will return to Greece,” Mr. Tsipras, 40, said as he cast his ballot at an Athens voting center, surrounded by a phalanx of cameras. “The message is that our common future in Europe is not the future of austerity.”

Greece Election: Love In A Time Of Crisis (aewoll)

But despite the drinking, flirting and dating, since the onset of financial disaster, a fundamental change has taken place in Greek society.

Deejay Tommy, who works at the fashionable Opus bar in the south Athenian suburb of Glyfada, paints a sad picture of young Greeks waking up every day without a job.

Final push to open high seas pact talks (pinecarr)

The issues to be discussed include marine protected areas and environmental impact assessments in areas beyond national jurisdiction, as well as benefit-sharing of marine genetic resources, capacity building and transfer of marine technology.

At the same time, the growing threat from human activities, including pollution, overfishing, mining, geo-engineering, and climate change, have made an international agreement to protect these waters more critical than ever, says the High Seas Alliance.

How Covert Agents Infiltrate The Internet To Manipulate, Deceive, And Destroy Reputations (sand_puppy)

Among the core self-identified purposes of JTRIG are two tactics: (1) to inject all sorts of false material onto the internet in order to destroy the reputation of its targets; and (2) to use social sciences and other techniques to manipulate online discourse and activism to generate outcomes it considers desirable. To see how extremist these programs are, just consider the tactics they boast of using to achieve those ends: “false flag operations” (posting material to the internet and falsely attributing it to someone else), fake victim blog posts (pretending to be a victim of the individual whose reputation they want to destroy), and posting “negative information” on various forums. Here is one illustrative list of tactics from the latest GCHQ document we’re publishing today...

Mass Surveillance Will Not Stop Terrorism (jdargis)

Cameron seems to believe terrorist attacks can be prevented if only mass surveillance, by the U.K.’s intelligence-gathering center GCHQ and the U.S. National Security Agency, reaches the degree of perfection portrayed in his favorite TV dramas, where computers magically pinpoint the bad guys. Computers don’t work this way in real life and neither does mass surveillance.

Snubbed by U.S. and Europe, Kremlin Looks to Asia at Davos (jdargis)

Russian businessmen said privately that their meetings this year in Davos were almost exclusively with Chinese, Indian and Middle East partners or potential investors. The Europeans and Americans so strikingly absent from Mr. Kostin’s opening-night party were barely on the agenda.

One of Russia’s richest men, Oleg V. Deripaska, painted a grim picture.

Obama, Modi Move Closer With Breakthrough on Nuclear Liability (jdargis)

“We think we came to an understanding of the liability” issue, said U.S. Ambassador Richard Verma, adding the deal “now opens the door for U.S. and other companies to come forward and help India develop its nuclear, non-carbon-based energy production.”

Power-starved India plans a $182 billion expansion of its nuclear industry to produce electricity for the almost one-quarter of the country’s 1.2 billion people who routinely go without it. U.S. companies such as General Electric Co. (GE) and Westinghouse Electric Co. that have stayed away from India must decide whether the arrangement is adequate, Verma said.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/23/15

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

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saxplayer00o1
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Exit poll: Greece's anti-bailout Syriza party wins election

Exit poll: Greece's anti-bailout Syriza party wins election

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