I’m still drafting this, too much stuff to weed through this morning. I’ll update as I write. Snag a cup of joe and a pączki while you wait. Make mine raspberry filled, please!
Economic indicators say “Maybe, Try Again”
Asian and European stock markets were a mess this morning. There’s no sign of an agreement between OPEC nations on production and pricing, which may lead to yet more floundering in the stock market. Yet one indicator — truck tonnage on the roads — doesn’t show signs of a recession in the U.S.
UK court cases topsy-turvy: LIBOR Six and a secret trial
- UK can’t hold the LIBOR Six bankers accountable for their part in the 2008 economic crisis because the prosecution was sloppy. It’s pretty bad when a defense attorney asks if the prosecution was “making this up as they go along.”
- The article’s first graf is a warning:
Warning: this article omits information that the Guardian and other news organisations are currently prohibited from publishing.
The case, R v Incedal and Rarmoul-Bouhadjar, continues to look like a star chamber, with very little information available to the public about the case. The accused have been charged and served time, but the media has been unable to freely access information about the case, and their appeal has now been denied. A very ugly precedent for a so-called free country.
Facebook: French trouble, and no free internet in India
- Shocked, SHOCKED, I am: French regulators told Facebook its handling of users data didn’t sufficiently protect their privacy. The Commission nationale de l’informatique et des libertés (CNIL) told the social media platform it has three months to stop sharing users’ data with U.S. facilities for processing. CNIL also told Facebook to stop tracking non-Facebook users without warning them.
- The Indian government told Facebook thanks, but no thanks to its Free Basics offering, a so-called free internet service. The service ran afoul of net neutrality in that country as it implicitly discouraged users from setting up sites outside Facebook’s platform. Many users did not understand there was a difference between Facebook and the internet as a whole. Mr. Zuckerberg really needs to study the meaning of colonialism, and how it might pertain to the internet in emerging markets.
Boy kicked out of school because of his DNA
This is a really sad story not resolved by the Genetic Information Nondiscrimination Act (GINA). The boy has cystic fibrosis; his parents informed the school on his paperwork, as they should in such cases. But because of the risks to the boy or his siblings with similar genes, the boy was asked to leave. GINA, unfortunately, does not protect against discrimination in education, only in healthcare and employment. This is a problem Congress should take up with an amendment to GINA. No child should be discriminated against in education because of their genes over which they have no control, any more than a child should be discriminated against because of their race, gender identity, or sexuality.
All right, get your party on, scarf down the last of your excess sweets, for tomorrow is sackcloth and ashes. I can hardly wait for the sugar hangover to come.