Morning Musings

  • According to a report released yesterday by the Federal Trade Commission (FTC) that recommends Congressional action and more regulation of the data collection industry. Data collection companies provide quality information that leads to better products and services; however, most Americans have no idea about the scope of the collection, or so says the FTC. I’ll have a more in-depth post on the subject later this week; however, calls for Congressional action or more regulations are always cause for concern. If there is a data privacy problem the solution should come from the private sector. More law and regulation will lead to higher prices for goods and services. You can access the report here, Data Brokers: A Call for Transparency and Accountability. By the way, Edward Snowden and fellow travelers notwithstanding, these data mining companies have more data on you and me than the NSA could ever want, or legally be able to collect. 
  • Talking about regulation, Uncle Sam and state governments are hungry for cash. If the Bitcoin industry fails to get its act together, they’ll be coming soon for your crypto currency soon.
  • Rep. Elijah E. Cummings (D-Md.) said yesterday that Rep. Darrel Issa (R-Calif.) has gone “rogue” on Benghazi.
  • According to POLITICO, if the Republican Party wins control of both chambers of Congress this year, it does not necessarily translate into a more pro-defense appropriations process. Really? Once Republicans and Democrats understand the devastating nature of the cuts, they’ll revisit all spending for national security programs. Defense and national security spending will never return to post-09.11.01 levels, however, a more equitable distribution of tax dollars is long overdue.
  • Snowden says he was “trained like a spy” and that opponents are minimizing his contributions while he worked as a government contractor … the ego on this fellow will be his undoing. If he was truly dedicated to service, honor, and country, he would’ve opted for a career in government service, not pursuing one of his many weaknesses, pride.
  • An investigation is underway to ascertain how the name of the CIA station chief in Afghanistan was “mistakenly” released to the press.  As penned yesterday, the longer I spend in this town, the less I believe in “mistakes“. If this was truly an inadvertent disclosure, then these people truly are incompetent rubes. The White House’s lawyers are handling the review. Expect Congress to chime in soon.
  • The Justice Department wants more editing of the drone memo. How about figuring out a way to keep it from ever seeing the light of day?
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