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No Surprise: Docs Show Obama Administration Lying About Drones

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Journalism Pro-Tip: If the best-case scenario is you’re being lied to then you are in serious trouble.

This is usually the case when someone in authority– usually an elected official or Jamie Dimon – is trying to blow Beijing-smog levels of smoke up your posterior.

In Mr. Dimon’s case it was saying he had no idea that his bank was risking $6 billion on a series of investments. But today let us examine a statement made by President Obama when explaining that drones would continue to only be used against “specific senior operational leaders of al Qaida and associated forces.” In a CNN interview last September he said:

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Source: CSO RSS

How Big Data Can Quickly Become Big Garbage

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A story in yesterday’s New York Times has me thinking about Terry Gilliam’s great dystopia movie Brazil. In the film, the modern computer is never developed. Instead, data processing is handled by banks of automated typewriters. One day a fly falls into one of the machines and an arrest warrant supposed to be made out in the name of Harry Tuttle (the film’s Robin Hood character) is made out in the name of Harry Buttle, a nebbish who has never bothered anyone in his life. As a result Buttle is grabbed by the authorities and whisked away to a location so secret the government won’t even admit it exists.

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Source: CSO RSS

Why Crazy Trumps Logic on the Internet

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Remember how great the Internet was going to be?

It was going to unleash the collective wisdom of humanity. People were going to share ideas with people who they never would have encountered otherwise. Old ideas were to be challenged and tossed out if found wanting. All this sharing was going to make it easier for us to realize just how much we have in common with each other.

Unfortunately, the Internet just proved that crazy trumps wisdom, and facts fall in the face of lies.

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Source: CSO RSS

SEC 'Money Saving' Trade-Tracking System Has Very Costly Flaw

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When it comes to finances there’s a big difference between real-time data and day-old data. Unfortunately no one seems to have told this to the U.S. Securities and Exchange Commission (SEC).

Last year SEC commissioners voted 3-2 to go ahead with a plan for a new computer system that would track all stock trading in the United States. The markets are now dominated by rapid-fire computerized trading so such a system is an absolute necessity, at least if you want to prevent things like 2010’s “flash crash.”

When the new system is up and running–that won’t take too long, right?–it will track orders, cancellations and executions of all U.S.-listed stocks and options on all markets. It will then deliver data to the SEC in a nice tidy standardized package by the next trading day. In other words: 1) See horse in barn; 2) see horse leave barn; and 3) go close gate.

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Source: CSO RSS