October 2011 - P2P-Foundation - lists.ourproject.org

changing feed into blog from delicious to diigo ...
by Michel Bauwens 02 Oct '11

02 Oct '11

hi james, chris, could you change the feed in the blog, to: http://www.diigo.com/user/Mbauwens dear friends, this is now where you can follow my ongoing bookmarking, Many thanks! -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net Connect: http://p2pfoundation.ning.com; Discuss: http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; http://twitter.com/mbauwens; http://www.facebook.com/mbauwens

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orphan works breakthrough
by Michel Bauwens 02 Oct '11

02 Oct '11

hi franco, worth mentioning? see http://www.ip-watch.org/weblog/2011/09/20/breakthrough-gives-eu-principles-… -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net Connect: http://p2pfoundation.ning.com; Discuss: http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; http://twitter.com/mbauwens; http://www.facebook.com/mbauwens

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hacking voting machines
by Michel Bauwens 02 Oct '11

02 Oct '11

*Researchers Hack Voting Machine for $26*<http://www.foxnews.com/scitech/2011/09/30/researchers-hack-voting-machine-f…> MATT LIEBOWITZ - TechMediaNetwork *Here is an extraordinary example of corrupt corporatism. Diebold, then owned by conservative Republicans, was given the contract to create a voting machine to monitor the nation's most sacred democratic process. It was a gift from a conservative Republican administration liberally bribed by campaign contributions to do so. Diebold produced, at great profit to themselves, a shoddy product an ambitious 12 year could ri! g, and here is the proof. This reveals the contempt the Right wing managers of this corporation felt for ordinary Americans.* Campaigning for the 2012 presidential race has already begun, but what the candidates don't know is that come election day, hackers could be the ones whose votes have the biggest impact. Researchers from the Argonne National Laboratory in Illinois have developed a hack that, for about $26 and an 8th-grade science education, can remotely manipulate the electronic voting machines used by millions of voters all across the U.S. The researchers, Salon reported, performed their proof-of-concept hack on a Diebold Accuvote TS electronic voting machine, a type of touchscreen Direct Recording Electronic (DRE) voting system that is widely used for government elections. (Diebold's voting-machine business is now owned by the Denver-based Dominion Voting Systems, whose e-voting machines are used in about 22 states.) In a video, Roger Johnston and Jon Warner from Argonne National Laboratory's Vulnerability Assessment Team demonstrate three different ways an attacker could tamper with, and remotely take full control, of the e-voting machine simply by attaching what they call a piece of "alien electronics" into the machine's circuit board. The electronic hacking tool consists of a $1.29 microprocessor and a circuit board that costs about $8. Together with the $15 remote control, which enabled the researchers to modify votes from up to a half-mile away, the whole hack runs about $26. Two of the takeovers show the researchers controlling the buttons on the keypad despite what the "real" voter enters. But in what Warner called "probably the most relevant attack for vote tampering," the researchers were able to blank the e-voting machine's screen for a split-second after the "vote now" button was pressed. While the screen went dark, they remotely entered their own numbers into the DRE's keypad. Johnston explained in the video: "When the voter hits the 'vote now' button to register his votes, we can blank the screen and then go back and vote differently and the voter will be unaware that this has happened." Johnston and Warner say that the ease with which this type of remote hack could be deployed highlights the need for e-voting machines to be designed better, with not just cybersecurity, but physical security in mind. "Spend an extra four bucks and get a better lock," Johnston said. "You don't have to have state-of-the-art security, but you can do some things were it takes at least a little bit of skill to get in." -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net Connect: http://p2pfoundation.ning.com; Discuss: http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; http://twitter.com/mbauwens; http://www.facebook.com/mbauwens

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plundering pensions
by Michel Bauwens 02 Oct '11

02 Oct '11

*How Companies Plunder and Profit from the Nest Eggs of American Workers*<http://www.alternet.org/books/152549/how_companies_plunder_and_profit_from_…> ELLEN SCHULTZ - AlterNet *This shows you the contempt the uber-rich who control corporations have for the middle class people who work for them. Ellen Schultz, an investigative reporter for the Wall Street Journal, has covered the retirement crisis for over a decade.* n December 2010, General Electric held its Annual Outlook Investor Meeting at Rockefeller Center in New York City. At the meeting, chief executive Jeffrey Immelt stood on the Saturday Night Live stage and gave the gathered analysts and shareholders a rundown on the global conglomerate’s health. But in contrast to the iconic comedy show that is filmed at Rock Center each week, Immelt’s tone was solemn. Like many other CEOs at large companies, Immelt pointed out that his firm’s pension plan was an ongoing problem. The 'pension has been a drag for a decade,” he said, and it would cause the company to lose 13 cents per share the next year. Regretfully, to rein in costs, GE was going to close the pension plan to new employees. The audience had every reason to believe him. An escalating chorus of bloggers, pundits, talk show hosts, and media stories bemoan the burgeoning pension-and-retirement crisis in America, and GE was just the latest of hundreds of companies, from IBM to Verizon, that have slashed pensions and medical benefits for millions of American retirees. To justify these cuts, companies complain they’re victims of a 'perfect storm” of uncontrollable economic forces-an aging workforce, entitled retirees, a stock market debacle, and an outmoded pension system that cripples their chances of competing against pensionless competitors and companies overseas. What Immelt didn’t mention was that, far from being a burden, GE’s pension and retiree plans had contributed billions of dollars to the company’s bottom line over the past decade and a half, and were responsible for a chunk of the earnings that the executives had taken credit for. Nor were these retirement programs-even with GE’s 230,000 retirees-bleeding the company of cash. In fact, GE hadn’t contributed a cent to the workers’ pension plans since 1987 but still had enough money to cover all the current and future retirees. And yet, despite all this, Immelt’s assessment wasn’t entirely inaccurate. The company did indeed have another pension plan that really was a burden: the one for GE executives. And unlike the pension plans for a quarter of a million workers and retirees, the executive pensions, with a $4.4 billion obligation, have always been a drag on earnings and have always drained cash from company coffers: more than $573 million over the past three years alone. So a question remains: With its fully funded pension plan, why was GE closing its pensions? That is one of the questions this book seeks to answer. Retirement Heist explains what really happened to GE’s pensions as well as to the retirement benefits of millions of Americans at thousands of companies. No one disputes that there’s a retirement crisis, but the crisis was no demographic accident. It was manufactured by an alliance of two groups: top executives and their facilitators in the retirement industry-benefits consultants, insurance companies, and banks-all of whom played a huge and hidden role in the death spiral of American pensions and benefits. Yet, unlike the banking industry, which was rightly blamed for the subprime mortgage crisis, the masterminds responsible for the retirement crisis have walked away blame-free. And, unlike the pension raiders of the 1980s, who killed pensions to extract the surplus assets, they face no censure. If anything they are viewed as beleaguered captains valiantly trying to keep their overloaded ships from being sunk in a perfect storm. In reality, they’re the silent pirates who looted the ships and left them to sink, along with the retirees, as they sailed away safely in their lifeboats. The roots of this crisis took hold two decades ago, when corporate pension plans, by and large, were well funded, thanks in large part to rules enacted in the 1970s that required employers to fund the plans adequately and laws adopted in the 1980s that made it tougher for companies to raid the plans or use the assets for their own benefit. Thanks to these rules, and to the long-running bull market that pumped up assets, by the end of the 1990s pension plans at many large companies had such massive surpluses that the companies could have fully paid their current and future retirees’ pensions, even if all of them lived to be 99 and the companies never contributed another dime. But despite the rules protecting pension funds, U.S. companies siphoned billions of dollars in assets from their pension plans. Many, like Verizon, used the assets to finance downsizings, offering departing employees additional pension payouts in lieu of cash severance. Others, like GE, sold pension surpluses in restructuring deals, indirectly converting pension assets into cash. To replenish the surplus assets in their pension piggy banks, companies cut benefits. Initially, employees didn’t question why companies with multi-billion-dollar pension surpluses were cutting pensions that weren’t costing them anything, because no one noticed their pensions were being cut. Employers used actuarial sleight of hand to disguise the cuts, typically by changing the traditional pensions to seemingly simple account-style plans. Cutting benefits provided a secondary windfall: It boosted earnings, thanks to new accounting rules that required employers to put their pension obligations on their books. Cutting pensions reduced the obligations, which generated gains that are added to income. These accounting rules are the Rosetta Stone that explains why companies with massively overfunded pension plans went on a pension-cutting spree and began slashing retiree health benefits even when their costs were falling. By giving companies an incentive to reduce the liability on their books, the accounting rules turned retiree benefits plans into cookie jars of potential earnings enhancements and provided employers with the means to convert the trillion dollars in pensions and retiree benefits into an immediate, dollar-for-dollar benefit for the company. With perfectly legal loopholes that enabled companies to tap pension plans like piggy banks, and accounting rules that rewarded employers for cutting benefits, retiree benefits plans soon morphed into profit centers, and populations of retirees essentially became portfolios of assets and debts, which passed from company to company in swirls of mergers, spin-offs and acquisitions. And with each of these restructuring deals, the subsequent owner aimed to squeeze a profit from the portfolio, always at the expense of the retirees. The flexibility in the accounting rules, which gave employers enormous latitude to raise or lower their obligations by billions of dollars, also turned retiree plans into handy earnings-management tools. Unfortunately for employees and retirees, these newfound tricks coincided with the trend of tying executive pay to performance. Thus, deliberately or not, the executives who green-lighted massive retiree cuts were indirectly boosting their own pay. As their pay grew, managers and officers began diverting growing amounts into deferred-compensation plans, which are unfunded and therefore create a liability. Meanwhile, their supplemental executive pensions, which are based on pay, ballooned along with their compensation. Today, it’s common for a large company to owe its executives several billion dollars in pensions and deferred compensation. These growing 'executive legacy liabilities” are included in the pension obligations employers report to shareholders, and account for many of the 'growing pension costs” companies are complaining about. Analysts, shareholders, and others don’t understand that executive obligations are no different from pension obligations for rank-and-file workers and retirees-they are governed by the same accounting rules, and they represent IOUs that a company has on its books. In some ways, executive liabilities are like public pensions: large, growing, and underfunded (or, as in the case of the executives, unfunded). Unlike regular pensions, the growing executive liabilities are largely hidden, buried within the figures for regular pensions. So even as employers bemoaned their pension burdens, the executive pensions and deferred comp were becoming in some companies a bigger drag on profits. To offset the impact of their growing executive liabilities on profits, many companies take out billions of dollars of life insurance on their employees, using the policies as informal executive pension funds and collecting death benefits when workers, former employees, and retirees die. With the help of well-connected Washington lobbyists and leading law firms, over the past two decades employers have steadily used legislation and the courts to undermine protections under federal law, making it almost impossible for employees and retirees to challenge their employers’ maneuvers. With no punitive damages under pension law, employers face little risk when they unilaterally slash benefits, even when promised in writing, since they can pay their lawyers with pension assets and drag out the cases until the retirees give up or die. As employers curtail traditional pensions, employees are increasingly relying on 401(k) plans, which have already proven to be a failure. Employees save too little, too late, spend the money before retiring, and can see their savings erased when the market nosedives. But 401(k)s have other features that ensure that the plans, as they exist, will never benefit the majority of employees. The plans are supposed to provide a level playing field, the do-it-yourself retirement vehicle so perfect for an 'ownership” society. But the game has been rigged from the beginning. Many companies use these plans as part of a strategy to borrow money cheaply, or in schemes to siphon assets from pension funds. And just as the new accounting rules led to such mischief, so too did new anti-discrimination rules. Implemented in the 1990s, the rules were intended to ensure that employers didn’t use taxpayer-subsidized 401(k) plans for the favored few, but would make them available to a broad swath of workers. But thanks to the creativity of benefits consultants, employers have used the discrimination rules to shut millions of low-paid employees out of their plans and to provide them with less generous benefits, while enacting other restrictions that make the plans more valuable to managers and executives, at the expense of everyone else. Today, pension plans are collectively underfunded, hundreds are frozen, and retiree health benefits are an endangered species. And as executive pay and executive pensions spiral, these executive liabilities are slowly replacing pension obligations on many corporate balance sheets. Meanwhile, the same crowd that created this mess-employers, consultants, and financial firms-are now the primary architects of the 'reforms” that will supposedly clean it up. Under the guise of improving retirement security, their 'solutions” will enable employers to continue to manipulate retirement plans to generate profit and enrich executives at the expense of employees and retirees. Shareholders pay a price, too. Their tactics haven’t served as case studies at Harvard Business School, and aren’t mentioned in the copious surveys and studies consultants produce for a gullible public. But the masterminds of this heist should take a bow: They managed to take hundreds of billions of dollars in retirement benefits that were intended for millions of workers and divert them to corporate coffers, shareholders, and their own pockets. And they’re still at it. It might not be possible to resuscitate pension plans, but it isn’t too late to expose the machinations of the retirement industry, which has its tentacles into every type of retirement benefit: profit-sharing plans, 401(k)s, employee stock ownership plans (ESOPs), and plans for public employees, nonprofits, small businesses, and even churches. The retirement industry has exported its tactics, using them to achieve similar outcomes in retirement plans in Canada, Europe, Australia, and elsewhere, and has big plans for Social Security and its overseas equivalents as well. Unless it is reined in, the global retirement industry will continue to capture retirement wealth earned by many to enrich a relative few. -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net Connect: http://p2pfoundation.ning.com; Discuss: http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; http://twitter.com/mbauwens; http://www.facebook.com/mbauwens

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indigenous struggles in the amazon
by Michel Bauwens 02 Oct '11

02 Oct '11

hi amaia, can you check if this is of interest for our blog? see http://indiancountrytodaymedianetwork.com/2011/10/standing-with-amazon%E2%8… -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net Connect: http://p2pfoundation.ning.com; Discuss: http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; http://twitter.com/mbauwens; http://www.facebook.com/mbauwens

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open sourcing methods
by Michel Bauwens 02 Oct '11

02 Oct '11

http://www.zdnet.com/blog/hinchcliffe/the-emerging-case-for-open-business-m… Hi Franco, could you copy or emulate the graph at http://i.zdnet.com/blogs/sourcing_models.png, which compares the 3 kinds of closed and 'open sourcing', under the entry, Open Sourcing ? thanks for letting me know when it's there, I want to add some stuff and add it to the collaborative economy section as well, Michel -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net Connect: http://p2pfoundation.ning.com; Discuss: http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; http://twitter.com/mbauwens; http://www.facebook.com/mbauwens

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BRUSSELS march
by Michel Bauwens 02 Oct '11

02 Oct '11

Hi Amaia, can you publish this appeal on our blog, th anks a lot Michel ... about to take the ferry from helsinki to stockholm .. -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net Connect: http://p2pfoundation.ning.com; Discuss: http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; http://twitter.com/mbauwens; http://www.facebook.com/mbauwens

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media skills, what we need to know
by Michel Bauwens 02 Oct '11

02 Oct '11

Dear Franco, could you add the table here at http://www.organizing20.org/2011/09/24/communication-bias/ to the Media Category, under the subheading, "What We Need To Know"? Michel -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net Connect: http://p2pfoundation.ning.com; Discuss: http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; http://twitter.com/mbauwens; http://www.facebook.com/mbauwens

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struggle timeline and analysis
by Michel Bauwens 02 Oct '11

02 Oct '11

Dear Orsan, could you republish this on our blog, perhaps starting with the timeline? many thanks, see: http://williambowles.info/2011/09/29/orsan-senalp-global-class-warfare/ -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net Connect: http://p2pfoundation.ning.com; Discuss: http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; http://twitter.com/mbauwens; http://www.facebook.com/mbauwens

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wall street occ on democracy now
by Michel Bauwens 02 Oct '11

02 Oct '11

hi amaia, can you post/embed this on our blog? see: http://www.democracynow.org/2011/9/30/inside_occupy_wall_st_a_tour -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net Connect: http://p2pfoundation.ning.com; Discuss: http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; http://twitter.com/mbauwens; http://www.facebook.com/mbauwens

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