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China's All-Seeing Eye 358

Posted by kdawson from the market-stalinism dept.
krou writes "Naomi Klein writes in Rolling Stone Magazine about China's Panopticon-like experiment called 'Golden Shield' taking place in Shenzhen using technology supplied by companies such as IBM, Honeywell, and General Electric. Klein writes: 'Chinese citizens will be watched around the clock through networked CCTV cameras and remote monitoring of computers. They will be listened to on their phone calls, monitored by digital voice-recognition technologies. Their Internet access will be aggressively limited through the country's notorious system of online controls known as the "Great Firewall." Their movements will be tracked through national ID cards with scannable computer chips and photos that are instantly uploaded to police databases and linked to their holder's personal data.' According to Klein, this is more than just a Chinese experiment, it's also one that holds ramifications for America and elsewhere: '...the most efficient delivery system for capitalism is actually a communist-style police state... The global corporations currently earning superprofits from this social experiment are unlikely to be content if the lucrative new market remains confined to cities such as Shenzhen. Like everything else assembled in China with American parts, Police State 2.0 is ready for export to a neighborhood near you.'"
Government

Fidel Castro Resigns 728

Posted by samzenpus from the end-of-an-era dept.
Smordnys s'regrepsA writes "Fidel Castro, the leader of the island nation of Cuba has declined the possibility of keeping his seat as President, after the February 24th National Assembly election. "I neither will aspire to nor will I accept — I repeat — I neither will aspire to nor will I accept, the position of president of the council of state and commander in chief," Castro wrote almost 19 months after a severe illness caused him to hand power temporarily to his brother Raul."
Businesses

Submission + - Schwab Web Crashed! (schwab.com)

Submitted by
jordandeamattson
jordandeamattson writes: "For at least the last hour, Charles Schwab's (one of the leading online brokers in the US) has been offline (note: the static web page is up, it is only when you login). When attempting to login into the site you either get a non-responsive site or the message: "Schwab.COM is unavailable at this time. For urgent trading matters, contact Charles Schwab at 1-800-###-####." The is preventing customers from trading stocks online on a day when the Dow and NASDAQ are down around 2% and the S&P 500 is down around 1.5%. This is not a good thing. Will be interesting to see the black eye that they get on this one...and to hear what happened."

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So you think that money is the root of all evil. Have you ever asked what is the root of money? -- Ayn Rand

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