openDemocracy

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.

Mixed Reviews for U.S. from Erdogan's Old Home

According to the accounts, the strategy for Telegraph Media Group is to make "news and comment under the Telegraph brand available to readers, listeners and viewers in the format most convenient to them". Those plans are "underpinned by the values of honesty, integrity and accuracy that are inherent in the Telegraph brand".

I had come to think that our new culture of accountability, which is promoted as the way to reduce untrustworthiness and to secure ever more perfect control of institutional and professional performance, was taking us in the wrong direction.

It is now clear that the delusional hope that the severe credit and liquidity crunch that hit US and global financial markets would ease has been shattered by the events of the last few weeks. This credit crunch is getting much worse and its financial and real fallout will be severe. The amount of losses that financial institutions have already recognized - $20 billion – is just the very tip of the iceberg of much larger losses that will end up in the hundreds of billions of dollars. At stake – in subprime alone – is about a trillion of sub-prime related RMBS and hundreds of billions of mortgage related CDOs. But calling this crisis a sub-prime meltdown is ludicrous as by now the contagion has seriously spread to near prime and prime mortgages. And it is spreading to subprime and near prime credit cards and auto loans where deliquencies are rising and will sharply rise further in the year ahead. And it is spreading to every corner of the securitized financial system that is either frozen or on the way to freeze: CDOs issuance is near dead; the LBO market – and the related leveraged loans market – is piling deals that have been postponed, restructured or cancelled; the liquidity squeeze in the interbank market – especially at the one month to three months maturities - is continuing; the losses that banks and investment banks will experience in the next few quarters will erode their Tier 1 capital ratio; the ABCP and related SIV sectors are near dead and unraveling; and since the Super-conduit will flop the only options are those of bringing those SIV assets on balance sheet (with significant capital and liquidity effects) or sell them at a large loss; similar problems and crunches are emerging in the CLO, CMO and CMBS markets; junk bonds spreads are widening and corporate default rates will soon start to rise. Every corner of the securitization world is now under severe stress, including so called highly rated and “safe” (AAA and AA) securities.

This is indeed the message that comes from true market prices – that are not indirectly available via the ABX indices. Those prices tell you not only that the mezzanine and equity tranches of subprime CDOs are now worth close to zero; they also tell you that prices for the AAA and AA tranches – that until recently were hovering near par of 100 – are now down to 79 and 50 respectively. Hundreds of billions of subprime RMBS and senior tranches of CDOs are still being evaluated as if they are worth 100 cents on the dollar. What the ABX is telling you is that they are worth much less; thus the losses from subprime alone are an order of magnitude larger than recognized by most firms.  But most firms are not using such market prices – or their proxies – to value their illiquid assets.

Martin Stabe must be on performance enhancing drugs - his posting levels are through the roof. It’s all good stuff, especially on the Richard Sambrook vs. Andrew Keen showdown at the Frontline. Keen’s new media vs. old media gamble is that infamy as the blogosphere’s contrarian punchbag will help sell his book. (Jeff Jarvis memorably called Keen’s bluff in this post.)

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.

ut the idea as well that intrigues me is that we're being "oppressed by gatekeepers"! Give me a break - it's almost autistic. One good example is the BBC's Digital Assassin Day last summer. They tried to get all the bloggers to tell them what they thought they should be doing, it was all about a new democracy and "user generated content". But in the end, four times as many BBC people were involved in staging this than members of the public who eventually showed up. That tells me people at the BBC are far more neurotic about this than they need to be. Why do they think they need to do that?

I believe (as I argue in my book The Soulful Science) that economics offers a uniquely powerful way of thinking about society, and how individuals make choices in their social context. Other approaches, those of the other social sciences, or history or literature and music, are valid too - I feel no need to dismiss them. But only economics with its choice-based models emphasises the opportunity costs and trade-offs that inevitably arise from the social and physical realities of our existence.

Community, as in freedom. This is an answer to Tony Curzon Price's article about the need for scarcity.After a few opening shots, Tony puts forward the following argument: “The commons have always been sustained by communities, and the digital commons, embodied in the iCommons movement, will be the same. Communities both pay for and give life to endeavours in the public space. They supply both sense and cents.”

Do you think gay people should be able to serve the country which they are living in? In fact I have heard that some not-gay people joined the military and couldn't handle the military, and they told the military that they were gay to get out of the service. If the military hates gay people that bad, and wouldn't want them to join the service, I think during the war time the gay people don't have to worry about dieing in the battle fields even if there is going to be a draft.

It's not just Facebook and it's not just me. Every "social networking service" has had this problem and every user I've spoken to has been frustrated by it. I think that's why these services are so volatile: why we're so willing to flee from Friendster and into MySpace's loving arms; from MySpace to Facebook. It's socially awkward to refuse to add someone to your friends list -- but removing someone from your friend-list is practically a declaration of war. The least-awkward way to get back to a friends list with nothing but friends on it is to reboot: create a new identity on a new system and send out some invites (of course, chances are at least one of those invites will go to someone who'll groan and wonder why we're dumb enough to think that we're pals). That's why I don't worry about Facebook taking over the net.

The FSA stressed Britain was at the forefront of developing this market both on the high street with retail products and in the capital markets with the growth of Islamic-compliant bonds or sukuk, which are structured to pay investors profits from an underlying business rather than interest.

IT does more to hinder democracy than it does to enhance it

In this second respect, there is and never has been a secret ballot in Britain, because the way in which individual citizens vote can be traced from each ballot paper used. Every ballot paper given to the citizen who is voting contains a serial number on it, which is also printed on the counterfoil retained by electoral officials. Before a ballot paper is handed to the citizen, he is asked for his name and address (or preferably to show the clerk his official poll card which shows his name, address and electoral registration number on it). The polling clerk then traces the person in the copy of the electoral register that he has on the table in from of him, and ticks the voter's name off the list. The clerk then tears one of the ballot papers out of the book of papers printed for the purpose, hands it to the voter and directs him or her to the private booth. And then the clerk writes the electoral registration number of the voter on the counterfoil to the ballot paper just issued.