The New York Times has an article with the following headline: "Revelations of N.S.A. Spying Cost U.S. Tech Companies".
While I don't have issue with the article itself, I'm going to have to disagree with the headline. Ultimately, it's not the revelations themselves that are the problem, it's the NSA's actions that have been costing U.S. tech companies ...
One of my pet peeves with certain stories I see in mainstream news outlets are those which say "scientists say ..." or "scientists discover ..." in the headline or in the story itself.
It's been really cold this week in the US northeast, but I have a sneaking suspicion that it's only cold relative to recent years, and that this chilliness was normal for winter around here decades ago. Despite that, it still feels like it was the coldest week in my life, undoubtedly because I don't really remember how cold it was on colder days!
It's been over two years since I wrote a post on the blog. I've been keeping the software up to date, but did little else during that time. With the new year, though, I've decided to revamp the blog with a new theme.
The presumably upcoming vote on raising the debt ceiling is the big news story of the US today. Personally, I think they should just go with an up and down vote, but there is all these messy fights about wanting to attach conditions to the debt ceiling. Despite the ugly political fights, however, I have a feeling that things will go like this:
- The August 2 deadline will continue to approach, with no end in sight to the debt ceiling fight. In fact, Republicans will make increasingly outrageous demands, making it seem even more likely that the United States might default on part of its debt.
- With the huge amount of uncertainty and fears of a default by the United States government, the stock market will plummet drastically near the August 2 deadline.
- Goldman Sachs will make a killing with all the shorts it would have made. Right before the deadline, they will also buy up a whole lot of stock at rock bottom prices.
- In a dramatic vote immediately before the deadline, Congress will agree to raise the debt ceiling. Republicans may or may not be trying to deliberately cripple the American economy for working class people for their own political benefit, but they would never be allowed to actually block the raising of the debt ceiling. Goldman Sachs might like destroying parts of the economy to gather wealth from shorts, but even they might balk from a default which could threaten the wealth of even the incredibly rich.
But what do I know? I'm just a poor, cynical guy with no first-hand experience with the inner workings of any political or financial system, who probably has no idea what he is talking about.