~ Vaclav Havel Musings and Confessions ...
After the leak of more than 11 million documents detailing sensitive, and often terrifying, information about offshore financial and legal activities, the Nobel-laureate economist Joseph Stiglitz was enlisted to help Panama reform its practices. But nothing could have prepared him for what came next The Real Scandal Behind the Panama Papers Vanity Fair
John Hempton: Decades ago - before I was a fund manager - I was the resident expert on tax avoidance working for the Australian Treasury. That was where I started to hone the accounting skills sometimes shown on this blog. I very rarely do anything in tax - but now I think it is time.
The New York Times has published a story (including extracts) about Donald Trump's tax returns over two decades ago. The money-quote is this:
Asserting that he would “make it right” to all harmed customers, when the bank’s plans obviously fall well shortAttempting to doctor the record, as our retail banking expert Clive describes in an accompanying post today, by having employees trying to obtain ex post facto consent for credit cards opened in their name without their approvalPinning the blame on low-level employees while depicting Wells as a stellar corporate citizen Refusing to acknowledge harm to employees who were fired whistleblowing or for failing to meet sales targets that were unattainable by honest meansHaving a conveniently thin knowledge of many practices in his bank
Tyler Cowen is an author and a professor of economics at George Mason University. One half of the blogging crew at Marginal Revolution, a must-read blog for anyone interested in economic theory, Cowen is easily one of the most engaging thinkers in the country. Tyler Cowen doesn't believe in progress, and he wishes you didn't either "That we cannot avoid believing in progress may also prove to be our undoing.”
Economist Gordon Tullock did some work on decay of revolutions. Essentially that the cost-benefit dynamics mean only committed people get involved early, but opportunists join in as the tide turns. One of his better-known papers is Paradox of Revolution, Journal of Public Choice Fall 1971. Paradox Rebellion
So there’s an amazing story that sort of got lost (at least I didn’t see people talking about it much in my Twitter feed).
Brian Krebs, a very talented Internet Security analyst, got hit with one of the most intense denial of service attack ever recorded. Krebs often gets targeted by spammers and hackers who want to punish him for looking into their affairs.
It turns out that this bot attack utilized hijacked IoT devices!
Google Steps Up to Protect Security Analyst from Humongous DDoS
Australian Government will make it a crime to re-identify anonymised data source