From my recent posting on Computer World UK (here)
Whenever I hear the phrase “identity theft,” I can only imagine what the late, great Rodney Dangerfield would have made of it: “Some guy in Moldova stole my identity. The FBI said, ‘…and you want it back?’ No respect!”
Despite what seems to be a public fascination with identity theft as the latest innovation in cybercrime, it isn’t really new. Even before the Internet came along, criminals could steal and manipulate identity data by modifying the magnetic strip on the back of a credit card to access a different account than the one listed on the front of the card. This would allow the thief to present a credit card and identification that matched and hope that the employee didn’t actually look at the name on the receipt.
As I was traveling through Canada last week I was struck by an article in the Globe and Mail – “Track designers defend Whistler course” – in which the designers of the Winter Sliding Centre suggest that the unfortunate accident that resulted in the death of Georgian athlete Nodar Kumaritashvili was caused by human error and not any negligence of the track designers themselves (here) and (here) Continue reading →
To economists, the term “Broken Windows” refers to the question that if a shopkeeper pays a glazier to repair a broken window at his store, does this deliver an economic benefit to society? Many people would say yes, because it generates demand for glass and work for the glazier.
Have you ever been witness to the fury of that solid citizen, James Goodfellow, when his incorrigible son has happened to break a pane of glass? If you have been present at this spectacle, certainly you must also have observed that the onlookers, even if there are as many as thirty of them, seem with one accord to offer the unfortunate owner the selfsame consolation: “It’s an ill wind that blows nobody some good. Such accidents keep industry going. Everybody has to make a living. What would become of the glaziers if no one ever broke a window?
Excerpt from the 1850 essay “That Which is Seen and That Which is Unseen” By Frederic Bastiat Continue reading →