NSA Teams With Providers To Monitor Your Email - Twitter - Facebook

No Such Agency (NSA) Teams With 

Providers To Monitor Your Email

http://www.disinfo.com/2011/06/no-such-agency-nsa-teams-with-providers-to-monitor-your-email/

Surely they were doing this anyway? Ellen Nakashima reports for the Washington Post:

The National Security Agency is working with Internet service providers to deploy a new generation of tools to scan e-mail and other digital traffic with the goal of thwarting cyberattacks against defense firms by foreign adversaries, senior defense and industry officials say.

The novel program, which began last month on a voluntary, trial basis, relies on sophisticated NSA data sets to identify malicious programs slipped into the vast stream of Internet data flowing to the nation’s largest defense firms. Such attacks, including one last month against Bethesda-based Lockheed Martin, are nearly constant as rival nations and terrorist groups seek access to U.S. military secrets.

“We hope the . . . cyber pilot can be the beginning of something bigger,” Deputy Defense Secretary William J. Lynn III said at a global security conference in Paris on Thursday. “It could serve as a model that can be transported to other critical infrastructure sectors, under the leadership of the Department of Homeland Security.”

The prospect of a role for the NSA, the nation’s largest spy agency and a part of the Defense Department, in helping Internet service providers filter domestic Web traffic already had sparked concerns among privacy activists. Lynn’s suggestion that the program might be extended beyond the work of defense contractors threatened to raise the stakes.

James X. Dempsey, vice president for public policy at the Center for Democracy & Technology, a civil liberties group, said that limiting the NSA’s role to sharing data is “an elegant solution” to the long-standing problem of how to use the agency’s expertise while avoiding domestic surveillance by the government. But, he said, any extension of the program must guarantee protections against government access to private Internet traffic.

“We wouldn’t want this to become a backdoor form of surveillance,” Dempsey said…

OTHER SOURCE:  

Mark Klein on AT&T/NSA Domestic Surveillance Program: “The NSA is Getting Everything.”

http://cryptogon.com/?p=1588 

Top 10 Evil Nazis

1Adolf Hitler

The number 1. Adolf Hitler went from being a lance corporal in the German army, to chancellor of Germany in 15 years. The holocaust may have been his subordinates doing, but he knew about it, which, amazingly, has only been fairly recently proven. Adolf Hitler had a major role in initiating the bloodiest conflict ever, which still has a massive bearing on the world to this day. His megalomania saw large parts of Europe devastated in his lifetime and forced into communism after the war

2

Heinrich Himmler

Definitely the architect of the holocaust and the biggest mass murderer ever, second only to Josef Stalin. The holocaust would not have happened if not for this man. He tried to breed a master race of Nordic appearance, the Aryan race. His plans for racial purity were ended by Hitler’s vanity in making rash military decisions rather than letting his generals make them, thus ending the war prematurely. Himmler was captured after the war. He unsuccessfully tried to negotiate with the west, and was genuinely shocked to be treated as a criminal upon capture. He committed suicide by swallowing a cyanide capsule he had bit upon. 

3

Reinhard Heydrich

Heydrich was appointed Protector of Bohemia and Moravia. In August 1940, he was appointed and served as President of Interpol. Heydrich chaired the 1942 Wannsee Conference, which discussed plans for the deportation and extermination of all Jews in German occupied territory, thus being the mastermind of the holocaust. He was attacked by British trained Czech agents on 27 May, 1942, sent to assassinate him in Prague. He died slightly over a week later from complications arising from his injuries. The foundations of genocide were laid by Heydrich and carried out in Operation Reinhard in his name.

4

Joseph Mengele

Doctor in anthropology from Munich University and in medicine from Frankfurt University, Josef Rudolf Mengele was a German SS officer and a physician in the Nazi concentration camp Auschwitz. Mengele initially gained notoriety for being one of the SS physicians who supervised the selection of arriving transports of prisoners, determining who was to be killed and who was to become a forced laborer, but is far more infamous for performing grisly human experiments on camp inmates, for which Mengele was called the “Angel of Death”. His crimes were evil and of many. When it was reported that one hospital block was infested with lice, Mengele gassed every single one of the 750 women assigned to it. Mengele used Auschwitz as an opportunity to continue his research on heredity, using inmates for human experimentation. He was particularly interested in identical twins. Mengele’s experiments included attempts to take one twin’s eyeballs and attach them to the back of the other twin’s head, changing eye color by injecting chemicals into children’s eyes, various amputations of limbs, and other brutal surgeries. He survived the war, and after a period living incognito in Germany, he fled to South America, where he evaded capture for the rest of his life, despite being hunted as a Nazi war criminal.

5

Adolf Eichmann

Eichmann was the organizational talent that orchestrated the mass deportation of Jews from their countries into waiting ghettos and extermination camps. A prodigy of Heydrich, he is sometimes referred to as “the architect of the Holocaust”. He learned Hebrew and studied all things Jewish in order to manipulate Jews, through his power of coercion, to leave their occupied territories and possessions in favor of a better life in the ghettos. At the end of the war he was doing the same to Hungarian Jews and, if it wasn’t for the intervention of Raoul Wallenberg, the number of victims of the holocaust would have been much higher. He fled Germany at the end of the war via a ratline to south America, and was captured by the Mossad in Argentina. He was extradited to Israel and executed by hanging in 1962, after a highly publicized trial. Eichmanns death was, and is, the only civil execution ever carried out in Israel.

6

Hermann Goering

A WW1 veteran, the Reichsmarschall was head of the luftwaffe, and the founder of the gestapo. After the fall of France he stole millions of pounds worth of art from Jews, and amassed a personal fortune. Goering took part in the beer hall putsch of 1923 and was wounded in the groin. Subsequently, taking morphine for pain relief, he became addicted to the drug for the rest of his life. In 1940, the Marshal ordered the bombing of the civilian population of Britain (the Blitz) and was involved in planning the holocaust. Goering was the highest ranking defendant during the Nuremberg Trials. Sentenced to hang, he committed suicide in his cell the night before his execution by cyanide ingestion.

7

Nikolaus 'Klaus' Barbie

Nikolaus 'Klaus' Barbiewas an SS-Hauptsturmführer (rank equivalent to army captain) and Gestapo member. He was known as the "Butcher of Lyon" for having personally tortured prisoners of the Gestapo while stationed in Lyon, France. After the war, United States intelligence services employed him for anti-communist efforts and also helped him escape to South America. The Bundesnachrichtendienst, the German intelligence agency, recruited him, and he may have helped the CIA capture Argentine revolutionary Che Guevara in 1967. Barbie also is suspected of having a hand in the Bolivian coup d'état orchestrated by Luis García Meza Tejada in 1980. After the fall of the dictatorship, Barbie no longer had the support of the government and was extradited to France, where he was convicted of war crimes and died in prison.

8

Josef Goebbels

Dr. Paul Josef Goebbels was the Reich Minister of Propaganda, and a vehement antisemite. Goebbels speeches of hatred against Jews arguably initiated the final solution, and no doubt helped sway public opinion to the detriment of the Jewish people. A sufferer of polio, Goebbels had a club foot, but this did not effect his standing as the second best orator in The Reich. He coined the phrase “Total War”, and was instrumental in convincing the nation to fight long after the war was effectively lost. At the end of the war, a devoted Goebbels stayed in Berlin with Hitler and killed himself, along with his wife Magda and their six young children.

9

Paul Blobel

During the German invasion of the Soviet Union, he commanded Sonderkommando 4a of Einsatzgruppe C, that was active in Ukraine. Following Wehrmacht troops into Ukraine, the Einsatzgruppen would be responsible for liquidating political and racial undesirables. Blobel was primarily responsible for the Babi Yar massacre at Kiev. Up to 59,018 executions are attributable to Blobel, though during testimony he was alleged to have killed 10,000-15,000. He was later sentenced to death by the U.S. Nuremberg Military Tribunal in the Einsatzgruppen Trial. He was hanged at Landsberg Prison on June 8, 1951.

10

Ilse Koch

Last but not least, we have the “Bitch of Buchenwald” because of her sadistic cruelty towards prisoners, Ilse Koch was married to another wicked Nazi SS, Karl Otto Koch, but outshone him in the depraved, inhumane, disregard for life which was her trademark. She used her sexual prowess by wandering around the camps naked, with a whip, and if any man so much as glanced at her she would have them shot on the spot. The most infamous accusation against Ilse Koch was that she had selected inmates with interesting tattoos to be killed, so that their skins could be made into lampshades for her home (though, unfortunately, no evidence of these lampshades has been found). After the war she was arrested and spent time in prison on different charges, eventually hanging herself in her cell in 1967, apparently consumed by guilt.

The Grossman-Stiglitz Paradox

Source: http://jinsukpark.wordpress.com/2011/01/09/the-grossman-stiglitz-paradox/

PDF here

This paradox defies market efficiency, but at the same time, it contradicts market inefficiency arguments. We can clearly show this by modifying two essential assumptions of the paradox:
1. investors’ belief in market efficiency
2. information/transaction cost
 A. Belief in efficiency to market inefficiency Suppose market investors are rational, they believe the financial market is efficient (so, market prices reflect all available information). Then, they do not have any incentive to analyse information and initiate trades when the process of gathering information and making transaction is costly. Thus, they will just buy-and-hold their initial portfolios, that is, passive investment strategy is implemented all over the market. However, as time goes by, new (random) information will surely arise, but it is not going to be incorporated into the market prices since no one is willing to trade. Consequently, fundamental prices, which incorporate all relevant information, will deviate from the market prices. In other words, if all market participants truly believe the market is efficient, it will lead to market inefficiency. This is the paradox.

 B. Belief in inefficiency to market efficiency On the other hand, the opposite argument is possible. Suppose all market participants are irrational, that is, they do not believe the market is efficient. They will seek profitable opportunities and initiate market trade to exploit them. It will be strengthened if we further assume no information processing and transaction cost. However, as they intensify their efforts to search the opportunities responding the arrivals of new information, all profitable opportunities will be dried up and the market prices will eventually reach the fundamental prices (if exists). The paradox in here is that when market investors believe market inefficiency, they will drive the market into efficiency.

 C. Implications for rational investors If rational investors are truly rational, they will anticipate this paradox. Assuming rational and noise traders co-exist, the rational investors would let (or promote) noise traders fulfill their own beliefs in inefficiency. By their behaviors, market prices will remain efficient over time. The rational investors then simply can ride the market (e.g. using index funds) while paying little cost. Also, they would not spend much efforts to defy the market efficiency as the disbelief of market efficiency is essential to achieve their investment goals.
 D. The existence of fundamental prices On the other hand, whether the fundamental prices ever exist is another issue to test. It may be too volatile to be justified by ex-post dividend stream (Schiller). Or they consist of pure expectation of future cash flows, dividend payment or stock prices, which are hard to be tested by ex-post dividends.