Links: 2013-09-26

Yahoo Recycled Emails: Users Find Security Surprises – Security –

Dropbox Also Wants to Disclose National Security Requests – Liz Gannes – News – AllThingsD

These guys are next into PRISM if the program is not halted. Clearly, people will start avoiding email and IM and move to sending messages via DropBox. So it makes sense for the NSA to arget them.

“Like Google, Microsoft, Yahoo, Facebook and LinkedIn before it, Dropbox on Monday asked the U.S. Foreign Intelligence Surveillance Court (FISA) to lift its gag order on disclosure of national security requests. “We are talking here simply about aggregate numbers that should have been made public months ago,” says the amicus curiae brief.”

The shifting balance of power in media is real, no matter what the Columbia Journalism Review says — paidContent

“The Columbia Journalism Review says that bloggers like Kara Swisher and Andrew Sullivan are unique, and that other journalists and writers shouldn’t look to them as examples of what is possible — but that’s not true at all”

Cutting the cord: Brazil’s bold plan to combat the NSA | The Verge

“President Dilma Rousseff wants to route internet traffic away from the US, but experts say it will do little to deter American espionage”

Merkel wins the battle but Germany shifts to the left – FT.com

“She has no natural conservative ally, since the liberal Free Democrats, her present partners, fled the battlefield without a single seat. She has to find a majority with her erstwhile opponents, either the SPD or the Greens.

It is a painful prospect for all of them, and no surprise that wounded Social Democrats are unhappy about doing any deal. Some reject a “grand coalition” out of hand. Others want to put any agreement to a full-party plebiscite.”

It’s a great time to buy a tablet, so which are you buying? — Tech News and Analysis

“Consumers have never had more tablet options and more reasonable prices for slates. With so many manufacturers in the game, it comes down to which platform and ecosystem you prefer and which tablet maker you trust to make a good product.”

Nokia chairman asked Elop if he would give back €18.8m pay-off – FT.com

“Nokia’s chairman asked Stephen Elop, the Finnish group’s former chief executive, if he would forgo part or all of his €18.8m pay-off several days ago as the furore over it grew.

People close to Nokia said that as pressure mounted over the weekend from Finnish politicians, including the prime minister, Risto Siilasmaa enquired whether Mr Elop would return some of the money.

Mr Elop declined.”

Newspapers will be a luxury item like horses, says Amazon chief and Washington post owner Jeff Bezos – Telegraph

“”Some day, I don’t know how many years in the future – it could be decades – but I think printed newspapers on actual paper may be a luxury item,” Mr Bezos told NBC.

“People still have horses but it’s not their primary way of commuting to the office,” he added. “

Jeff Bezos is both right and wrong about why newspapers are like horses — paidContent

“Amazon CEO Jeff Bezos says he sees a future in which newspapers are like horses — a luxury item for a small group of people, not a mainstream transportation method — but his analogy is both right and wrong.”

Yahoo Will Offer ‘Not My Email’ Button To Report Mistaken Deliveries Due To Username Recycling | TechCrunch

“Yahoo will begin offering a new ‘Not My Email’ button this week that gives owners of newly claimed, previously dormant, user names the ability to ‘return’ messages that were not meant for them. This is part of Yahoo’s ongoing efforts to mitigate any potential harm that may come from its recent ‘user name recycle program‘.”

Household Net Worth in U.S. Increases by $1.3 Trillion – Bloomberg

“Net worth for households and non-profit groups climbed by $1.34 trillion in the second quarter, or 1.8 percent from the previous three months, to $74.8 trillion, the Federal Reserve said today from Washington in its financial accounts report, previously known as the flow of funds survey. “

Over 90pc of deals done in cash as market surges – Independent.ie

“MORE than 90pc of all commercial property deals completed in the first half of the year were all cash affairs, as buyers look to speed up sales.”

More than 50pc pay for homes with cash – Independent.ie

“People who are able to buy a property without a mortgage now account for 57pc of all residential sales, new research by economist John McCartney of estate agency Savills has found.

He said cash buyers were helping to drive prices up and were squeezing families who need mortgage finance out of the market.

Prices rose by 8pc in Dublin last year with intense competition for available family homes driving up valuations, figures for July from the Central Statistics Office (CSO) show.”

CSO: Dublin prices soar by 10.6pc in a year – Independent.ie

“Across the country as a whole, prices have jumped by 2.8pc but the capital is surging ahead”

Hussman Funds – Weekly Market Comment: Psychological Ether – September 23, 2013

“Again, the difficulty with valuing stocks on the basis of raw price/earnings ratios is that corporate profits as a share of GDP are presently over 70% above their long-term historical norm. Though the actual course of corporate profits will be affected by numerous factors, including the extent to which extraordinary fiscal deficits normalize, we would expect corporate profits over the coming 3-4 year period to contract at a rate of somewhere between 5-15% annually. The practice of valuing stocks on the basis of current earnings or Wall Street’s projections of “forward operating earnings” (which embed assumptions of even more extreme profit margins) has never in history been more reckless and misleading. “

Moody’s prevé que la economía española empiece a crecer a final de año | Economía | Edición España | www.efe.com

Moody’s expects Spain to begin growing at the end of this year.

BBC News – UK economic growth confirmed at 0.7%

“The UK economy grew by 0.7% in the second quarter of the year, official figures have confirmed.

Bright spots included the construction and industrial sectors, which expanded at their fastest pace for three years.”

BBC News – US to hit debt ceiling by 17 October, says Treasury Secretary Lew

“The US will hit its debt ceiling by 17 October, leaving the government with half the money needed to pay its bills, the Treasury Secretary has warned.”

U.S. lawmakers seek to end bulk NSA telephone records collection | Reuters

“Democratic and Republican U.S. senators introduced legislation on Wednesday to end the National Security Agency’s bulk collection of Americans’ communication records and set other new controls on the government’s electronic eavesdropping programs.

The measure introduced by Democrats Ron Wyden, Mark Udall and Richard Blumenthal, and Republican Rand Paul, is one of several efforts making their way through Congress to rein in sweeping surveillance programs.”

NSA planted bugs at Indian missions in D.C., U.N. – The Hindu

“Two of the most important nerve-centres of Indian diplomacy outside the country — the Permanent Mission of India at the United Nations and the embassy in Washington, DC — were targets of such sophisticated bugs implanted by the U.S. National Security Agency (NSA) that entire computer hard disks might have been copied by the American agency. The U.N. Mission building in New York and the embassy premises, including its annex, in Washington were on a top-secret list of countries and missions — many of them European allies of the U.S. — chosen for intensive spying.

According to a top-secret NSA document obtained by The Hindu, the NSA selected India’s U.N. office and the embassy as “location target” for infiltrating their computers and telephones with hi-tech bugs, which might have given them access to vast quantities of Internet traffic, e-mails, telephone and office conversations and even official documents stored digitally. “

AllThingsD and the limits of the personal franchise news model : Columbia Journalism Review

“it’s important to note that these particular franchises were (for the most part) all nurtured within big, traditional news organizations, which provided salaries, health insurance, tech support, legal backup, etc. etc., plus and importantly the imprimatur of their brand names built up over decades. So these are not autonomous operations, but in fact highly dependent ones.”

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