PROTECT IP / SOPA Breaks The Internet

18 Wednesday Jan 2012

Posted by in Personal

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Tell Congress not to censor the internet NOW! – http://www.fightforthefuture.org/pipa

PROTECT-IP is a bill that has been introduced in the Senate and the House and is moving quickly through Congress. It gives the government and corporations the ability to censor the net, in the name of protecting “creativity”. The law would let the government or corporations censor entire sites– they just have to convince a judge that the site is “dedicated to copyright infringement.”

The government has already wrongly shut down sites without any recourse to the site owner. Under this bill, sharing a video with anything copyrighted in it, or what sites like Youtube and Twitter do, would be considered illegal behavior according to this bill.

According to the Congressional Budget Office, this bill would cost us $47 million tax dollars a year — that’s for a fix that won’t work, disrupts the internet, stifles innovation, shuts out diverse voices, and censors the internet. This bill is bad for creativity and does not protect your rights.

Source: http://vimeo.com/31100268

How habitable are known planets?!

18 Wednesday Jan 2012

Posted by in Astronomy, Space

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No doubt Earth is the most habitable of all, but it does not hold the perfect score. Luckily, it’s not human who is making Earth less than perfectly habitable, but rather it is due to “tidal flexing“.

Read on…
Source: Daily chart: Life on Mars and elsewhere | The Economist.

Heterodox economics

04 Wednesday Jan 2012

Posted by in The fuzzy world, World Economics

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One of the best read long article in recent time on present stage of economics. A must read!

Excerpt:

…neo-chartalism, sometimes called “Modern Monetary Theory”. The neo-chartalists believe that because paper currency is a creature of the state, governments enjoy more financial freedom than they recognise. The fiscal authorities are free to spend whatever is required to revive their economies and restore employment. They can spend without first collecting taxes; they can borrow without fear of default. Budget-makers need not cower before the bond-market vigilantes. In fact, they need not bother with bond markets at all.

The neo-chartalists are not the only people telling governments mired in the aftermath of the global financial crisis that they could make things better if they would shed old inhibitions. “Market monetarists” favour more audacity in the monetary realm. Tight money caused America’s Great Recession, they argue, and easy money can end it. They do not think the federal government can or should rescue the economy, because they believe the Federal Reserve can.

The “Austrian” school of economics, which traces its roots to 19th-century Vienna, is more sternly pre-Freudian: more inhibition, not less, is its prescription. Its adherents believe that part of the economy’s suffering is necessary, an inevitable consequence of past excesses. They do not think the Federal Reserve can rescue the economy. They seek instead to rescue the economy from the Fed.

Read on: Heterodox economics: Marginal revolutionaries | The Economist