The press has lost the plot over the Snowden revelations. The fact is that the net is finished as a global network, and that US firms’ cloud services cannot be trusted, writes John Naughton
Source: Edward Snowden’s not the story. The fate of the internet is | Technology | The Guardian
If businesses or governments think they might be spied on, they will have less reason to trust the cloud, and it will be cloud providers who ultimately miss out. Why would you pay someone else to hold your commercial or other secrets, if you suspect or know they are being shared against your wishes? Front or back door – it doesn’t matter – any smart person doesn’t want the information shared at all. Customers will act rationally and providers will miss out on a great opportunity.
— Neelie Kroes, vice-president of the European Commission
The real threat from terrorism is not the harm it inflicts directly but the over-reaction it provokes. We saw that with the invasion of Iraq. We’re seeing it with security-state overreach.
Source: Why NSA Surveillance Will Be More Damaging Than You Think | The Atlantic
In a dramatic about-face on a key internet issue yesterday, Google told the FCC that the network neutrality rules Google once championed don’t give citizens the right to run servers on their home broadband connections, and that the Google Fiber network is perfectly within its rights to prohibit customers from attaching the legal devices of their choice to its network.
the door is open for the FCC to show that it’s serious enough about the principle to take on its former corporate ally
Source: Now That It’s in the Broadband Game, Google Flip-Flops on Network Neutrality | WIRED
The maneuvering in markets for oil, wheat, cotton, coffee and more have brought billions in profits to investment banks like Goldman, JPMorgan Chase and Morgan Stanley, while forcing consumers to pay more every time they fill up a gas tank, flick on a light switch, open a beer or buy a cellphone.
Source: A Shuffle of Aluminum, but to Banks, Pure Gold – NYTimes.com