Former head of MI6 Sir John Sawers, says intelligence agencies and tech companies need to begin data sharing in order to prevent terrorist attacks.
Sawers, who stepped down as the head of MI6 last November, said trust between spy agencies and internet companies needed to be rebuilt following the Snowden revelations.
In his first public address since standing down last year, Sawers believes such cooperation would help prevent attacks like those in Paris earlier this month. The ex-MI6 Chief, who will begin a new career in the private sector, said the internet could not have “no-go areas” which the government cannot access.
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One of the macroeconomic observations that has gotten absolutely no mention in recent months is the curious fact that while global economic growth has not imploded in recent quarters, it is because GDP has been represented, as is customary, in local currency terms. Of course, this comes as a time when local currencies (at least those which are not the USD) have been plunging against the greenback on the back of the expectations that the Fed will hike rates some time in the summer or later in 2015. Which also means that in “dollar economy” terms, i.e., converted in USD, things are not nearly as good.
Having saved the world markets from a 10% correction fate worse than death (or recession) in October with ‘hints’ of reigniting QE4, The Fed’s Jim Bullard is back to his jawboning best. Blaming The ECB’s looming unconventional policy move for the global bond market rally (as opposed to collapsing growth and disinflation), Bullard proclaims the domestic US economy is doing well with tailwinds from low rates and oil prices (just don’t tell the 7,000 Baker Hughes workers this morning) and tells WSJ’s Jon Hilsenrath that he wants to “get going” with rate increases warning that the funds rate is 400bps below normal.
