Three years ago this past Saturday the economic crisis struck.
That's why the comments by Alan Greenspan on the very same day on Meet the Press are worth noting.
"There is no doubt that the federal funds rate can be fixed at what the Fed wants it to be but which the government has no control over is long-term interest rates and long-term interest rates are what make the economy move. And if this budget problem eventually merges to the point where it begins to become very toxic, it will be reflected in rising long-term interest rates, rising mortgage rates, lower housing. At the moment there is no sign of that because the financial system is broke and you can not have inflation if the financial system is not working."
I often wonder why there is so much effort to find out if I like peanut butter and if I buy wheat grass seed online. I also wonder when Google knows I want brownie mix, 5lbs, at 3am Sunday morning, why is it our government cannot ascertain the real unemployment rate?
The Wall Street Journal dug in, ran some tests and this is the summary of their investigative findings on the business of profiling you:
The study found that the nation's 50 top websites on average installed 64 pieces of tracking technology onto the computers of visitors, usually with no warning. A dozen sites each installed more than a hundred. The nonprofit Wikipedia installed none.
Tracking technology is getting smarter and more intrusive. Monitoring used to be limited mainly to "cookie" files that record websites people visit. But the Journal found new tools that scan in real time what people are doing on a Web page, then instantly assess location, income, shopping interests and even medical conditions. Some tools surreptitiously re-spawn themselves even after users try to delete them.
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