The French government is saddled with enough problems; in theory, it no longer needs to create new ones. But now it wrote another excellent chapter in its tome on how to interfere with private-sector businesses, hamper entrepreneurs, and encourage them to start up their operations elsewhere instead of creating jobs in France.
Some of the crown jewels of corporate America have reported declining revenues and earnings, and have lowered their forecasts, and in doing so, have unleashed a flood of obfuscation and excuses – from Easter falling on the wrong date to lazy sales reps. So when Caterpillar reported on Monday, it was almost refreshing in its unvarnished ugliness.
In 2009, Google CEO Eric Schmidt, under fire for his company’s strategy to collect, store, and mine personal data, said on CNBC, “If you have something that you don’t want anyone to know, maybe you shouldn’t be doing it in the first place.” Privacy just makes you appear guilty. It’s the philosophy under which police states operate. But why a sudden about-face?
“The government imposed the income tax burden in the first place,” said former California Republican legislator Tom Campbell about the process of filing tax returns. “So if it wants to make it easier, for heaven’s sake, why not?” But two companies that sell tax preparation software and services have been lobbying tooth and nail against making it easier—and won.
Internet companies know practically everything about their users. And servers never forget. Advertisers, ID thieves, insurance companies, and others are trying to get this data. But “law enforcement” around the world can simply bully its way to it. Now Microsoft confessed: even your data and conversations on its encrypted services that you thought were secure aren’t because, upon request, it gives the crypto keys to governments around the world.
Contributed by Chriss Street. Desperate to halt its stock’s dismal slide since going public, Facebook has increasingly sought new ways to make more money and prove its worth. As the builder of the largest “Big Data” treasure trove in history, Facebook is selling marketers and shady characters veiled access to its users’ deepest secrets.
Investors are fuming. But traders, the lucky ones who got the timing right, love it. So do Wall Street firms that shuffle companies around. For decades, Hewlett-Packard did what they wanted it to do: swallow other companies, whole or in pieces, spit out some mangled limbs, and dump tens of thousands of employees. But someone ended up holding the bag.
Last year, the government extracted $1.1 trillion in taxes from us individual taxpayers. But now it will pay, along with the states, $429 million of our taxes to the coolest Silicon-Valley beauty queen: Facebook. In net tax refunds! Part of a vast package of juicy corporate welfare programs. Facebook isn’t just hogging our data; it’s gobbling up our money.
Facebook isn’t over the hill, exactly. Last October, it announced that 1 billion people a month used it, in a world of 7 billion. Leaping from one milestone to the next. But in key markets, such as the US where it derives most of its revenues, it is plateauing, and a shudder-inducing D-word has snuck into polite conversation: declining. Now we have a new reason.
Here are some easy tricks that I found to be very helpful in maintaining at least some sort of privacy and security for life on the internet (Note: This is in addition to keeping Windows, anti-virus software, Java, Flashplayer, etc. updated). Smartphones: If you use a smartphone (and a lot of apps) for everything…