openDemocracy

Jezebel and other bloggers went nuts, and soon, they'd uncovered the woman's name, her address, phone number and business registration records and plastered them all over the Web.

Social psychologists have known for decades that, if we reduce our sense of our own identity – a process called deindividuation – we are less likely to stick to social norms. For example, in the 1960s Leon Mann studied a nasty phenomenon called "suicide baiting" – when someone threatening to jump from a high building is encouraged to do so by bystanders. Mann found that people were more likely to do this if they were part of a large crowd, if the jumper was above the 7th floor, and if it was dark. These are all factors that allowed the observers to lose their own individuality.

"Such conditionality gives rise to a material uncertainty related to events or conditions, which may cast significant doubt on the group's ability to continue as a going concern," Paragon said. Scaling back Paragon's comments came as it reported record profits of £91m for the year to the end of September, up nearly 10% on the previous year.

His key finding: By thoroughly analysing the USA’s patriotic media coverage of the second War in Iraq (2003) and the contradicting Internet voices to be heard on the Mexican Zapatista revolt or the rise to fame of Arab news station Al Jazeera, Hafez illustrates how the media reinforces the process of globalisation – without itself becoming truly and fundamentally globalised.

Hafez’ intelligent and well-made book will be of interest to media or communication researchers, not least because the author manages to present his analysis in a highly readable way. After all, the recent scandal caused by the Mohammed caricatures published in Denmark and elsewhere in Europe would be a prime example for why the “dialogue between cultures” is ultimately bound to fail: for one thing, there are simply too many different notions of things such as the freedom of the press, or the freedom of speech and religion. According to Hafez, “What remains is, the attempt to demystify a great and grandiose idea by analysing it in a sober and unprejudiced way.”

US household assets are $54,000bn. Liquid net worth (cash, mutual funds, bonds etc) is $27,500bn. Household debt is $13,000bn. In other words, the US household balance sheet is looking great: $54,000bn in assets ($27,500bn liquid) to cover $13,000bn in debt. Heck, we're under-leveraged as a country right now and should probably take on more debt. …But what about the subprime mess? Isn't that going to bring the net worth of the US to $0 or even negative? Right now the entire subprime market is about $800bn and let's give full credit to the traders and media and say 50 per cent of that is at risk. So $400bn. Will $400bn worth of homes go into foreclosure? Of course not. Defaults are good for nobody. Things will and are getting restructured.

Prime Time for SubprimeWho is doing the best reporting on this scary story?

The foundation shelved the study, which it has not made public, after a group of local business people bought the paper, because it did not want to appear to be competing with the new owners, Ms. Rimel says. But she remains deeply concerned about the state of the nation's newspapers and has agreed to serve on the board of ProPublica, the new investigative-reporting project. "Everybody from the Founding Fathers on have said we need a free, robust press, and a market failure in journalism is a deep public-policy problem," she says.

Transformational Government, dressed in the language of consumerism, is what NO2ID calls “the database state” – management of citizens’ lives through centralised computer systems; pooling and cross-referencing information about people gathered on any pretext for any purpose, amounting to mass surveillance. Once your relations with the state preserved your privacy, being limited to relationships with bodies that were separate from each other. A single department was powerful, but it did not judge you on your whole life. Transformational Government changes that. You will have a single permanent record, and your identity managed (or determined) by the state. That will be held together by cross-referencing databases – which is what a National Identity Register is needed for. ‘ID cards’ are the concrete expression of this register, but strictly speaking are not necessary: numbering you and making constant reference to the central file will do.

Should we have gone to war?

Should we have gone to war? from National Review in Array provided free by LookSmart

There is a second reason that the hands-off approach has been shown to be wanting. During the past few years, a significant part of liquidity and credit creation has occurred outside the banking system. Hedge funds and special conduits have been borrowing short and lending long and, as a result, have created credit and liquidity on a massive scale. As long as this liquidity creation was not affecting banks, it was not a source of concern for the central bank. However, banks were heavily implicated. Thus, the central bank was implicitly extending its liquidity insurance to institutions outside the regulatory framework. It is unreasonable for a central bank to insure activities of agents over which it has no super­vision, just as it would be unreasonable for an insurance company selling fire insurance not to check whether the insured persons take sufficient precautions against the outbreak of fire.

Yet even if one agrees that a country has a right to restrict immigration, it does not follow that it ought to do so. Mr Legrain argues that it is not just in the global interest to have free migration, but also in that of recipient countries. A standard “gains from trade” analysis would suggest that this should be true. But if one is to argue for free movement of labour on economic grounds one needs a sense of the likely consequences. Analyses of free migration in the presence of huge real wage differentials suggest that we would end up with vast informal sectors and shanty towns. That is what happens within poor countries. Why should it not happen across the globe? I cannot see how one would persuade a host population that this outcome would be in their interests.

rust vs. Mistrust by media source How to know? Who to believe? The new-media revolution has subverted as well as expanded the possibilities of knowledge-based understanding. Tony Curzon Price presents openDemocracy’s response to a crisis of trust. The Enlightenment faith that knowledge will lead to understanding, and understanding to a better world, is central to openDemocracy's being. It informs both what we publish - in-depth analysis and commentary by public intellectuals, professionals, writers, academics and activists - and how we view ourselves: the product, process and the purpose alike.

An anonymous reader writes "The Telegraph newspaper reports that over-50s are invading sites like Facebook and MySpace in massive numbers. A recent study showed that nearly one third of Facebook users are aged between 35 and 54, and that this group also made up 41 percent of MySpace users. "Because the mind of an over-50 is likely superior to that of a drink-addled undergrad, at first there was uncertainty about whether older users would find the Facebook-led social-networking phenomena attractive." Looks like dad just turned up to the party."

Welcome to a SPECIAL EDITION of Markets Live, FT Alphaville’s daily mooch around London stocks. PM: Neil Hume is with me. PM: But just because this is a special edition doesn’t mean he’s got his tech sorted PM: PM: Afternoon james and rose - and others PM: He can’t se you yet James

Why communications companies should escape surveillance lawsuitsBy John D. Rockefeller IVArticle Launched: 11/01/2007 01:36:23 AM PDT var requestedWidth = 0; if(requestedWidth > 0){ document.getElementById('articleViewerGroup').style.width = requestedWidth + "px"; document.getElementById('articleViewerGroup').style.margin = "0px 0px 10px 10px"; } In the immediate aftermath of Sept. 11, the Bush administration had a choice: aggressively pursue potential terrorists using existing laws or devise new, secret intelligence programs in uncharted legal waters.

The Greenspan put has in effect been replaced by the Bernanke pushover.

I like OpenDemocracy. It has some interesting articles, very often on areas about which I know little. But I do have to wonder, sometimes, whether the minds there are quite as open to new ideas as they seem to be:

Should We Have Gone to Iraq? by JCX

Actually, we probably won't fix it. Part of the standard disclaimer for the pages on this site is "We do not guarantee that any of the information contained on this system is correct, workable, or factual."

Whether This War Was Worth ItIn Analyzing Iraq, Consider the Effects of Having Done NothingBy Robert Kagan