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Tuesday, September 22, 2009

'Pure Play' in New York City

By

Sampson Iroabuchi Onwuka

Whatever definition is given to the idea of 'Pure Play' cannot truly apply in New York, the whole game of selling and dealing through the internet and doing business through social network has taken on added weight. The informed status recently enjoyed by the prevailing cultures in the state and sources for information may have taken on a whole new attitude in New York and in US in general, it is become more expensive in terms of security network that it provides. But you are not blame them, for how could anyone It is not just the Banks that operate in the dark that should concern the best of us, or companies that provide security information and apparatus while at this same time participate in public market that is should concern us. In the past, empires and kingdoms, peoples and languages were known for the buildings they mounted and houses they built, but these days, we can suggest that the sophistry of most economic societies can be reduced to pure play.


It is possible to assert that produce from farming and Manufacturing in general can not replaced by Information Systems which is not edible and ultimate only gratifies when a service is done, does not mean that Information System is anything but the future. Information Age and the consequent issue of Security associated with draws blood on the possibilities of a comprehensive Artificial Intelligence in future and the rise of the third person singular, that is, the other you that was never there, that is the Matrix evolving from a complex of your phone calls and your reaction to specific questions during conversation, your reaction to other personal and as well emotional experiences and from other immateriality such as range of products that you buy at any of your local stores. That is a record of your past as estimate of your probable future, all of which is already in use and therefore warranting a larger security framework.    


But that future is the cause of recent nightmare, and in that nightmare there is a day breaking that books which we read before and a product print and paper may now be read through a Kindle and other Note Books. In future, there will other forms of maintaining and reproducing information without the big hardware that come with it. What we are dealing with is the issue of face less communications, where as people in the past had building and human beings who signed in and out of business contracts, Pure Play involves people you don't see, buildings you don't see, and there is no where you can account for any transactions only through the so called voice on the phone. There is no argument that Pure Play does not have its limitations or that these limitations can not be overcome, but we dealing with accountable in a world of business people and busy businesses, where anyone working for the government or in the guise of similar outfits may likely convert sensitive information for very personal gains. The whole process may be argued from the point of Security, that internet and other safe-net spaces, may be the answer. Yet anyone who has dealt with Debt collectors and big companies such as Verizon where faceless operators respond to you through your own portfolio, will enjoin this experience that your personal security or other forms of personal information can be used against you by persons


That price of security is much more useful and it is very useful to a large extent in New York to invest in areas of private security that saw the last evolution of security services leading away from the 9/11. The facts of paying too much to sponsor internet business has also suffocated security businesses done on the ground in New York. The possibility that a place like Empire State Building in New York or New York library is seriously under surveillance, does not mean we have total control over the building at anytime, as such attention cannot be placed entirely on Internet security and security services that provide them. Yet attention seem nowadays to dwell on businesses involving internet as if these terrorist will communicate through the net and through automated signals. But that is just one major advantage. The advantage of doing business through the internet carry the greater danger of compromise in terms of security. In many ways, there is a necessity to let privates handle sensitive information but such access to information can at times prove disastrous especially when Information only passes through One major source and such sources decides the left and right of businesses or profits that connect with it.


Most people in New york who trade or who play in any major markets by any single stretch, are perhaps aware of General dynamics, some may have signed a few papers with Home land Security or other security based groups in NYC. In the light of the wire's fraud and the complication of automated quote lines leading to the 65 billion dollars scandal involving Bernie Madoff, there has been an increased tendency from the US to police the network of wire business. For people who tract 'new economy' this is essentially a difficult executive procedure since Global markets have shifted base from a down where the operational cost are likely covered by banks and their representative, to the people and including children who can make money right of the internet. Yet in New York City has taken on a whole new meaning and in fact attitude. We are beginning to hear the deep throat of too much policing from everything including Cameras in subways to whole run.


The security groups are going whole sale of whatever inspire fear and the more they calm, but this is getting very negative coverage. Beginning with the President Barrack Obama whose visit on 14th of September, a day supposedly intended to co-inside with fall of Lehman brothers to his visit to Albany yesterday, it is likely that the new apparatuses of surveillance and internet security run private may create more problems in future than solve. Above all, if the issue of perpetual surveillance is to be taken literary, then a gap or hole in information exist for what happened with Madoff and his scandal, since we know that until he was discovered and charged, he was called the Chairman of NASDAQ. NASDAQ is the head-chief of information technology and security pure play, there is further gap to be explored on the movement of National Intelligence investment on private security companies, some of which were forged and what swelled the portfolio of Bernard Madoff. His accomplish ought to European who dominated that market at some point and 'motley', English who weaved in and out of US intelligence market. Further holes can be dug into the impact of connecting American stock market and British in 2004/5.


This theme of being under perpetual surveillance, and the consequences of it all is well treated in a new book 'The Secret World of outsourcing intelligence; Spies for Hire' by Tim Shorrock, published in 2008. The book not only highlighted the difficulty involved in coping with the new age information technology, it goes the distance in letting us see the contagious necessity of making deals with private security experts in United States. In New York following the debacle of the business. In his remonstrance, he scored on the fact that Q-Tel ( an alpha source by forge as in Q for Quelle as it is German for 'source') of George Tenet era, intended as venture Capital Fund for CIA, had done better than most in telling off the direction of Government spending in military information technology and as such denied others the opportunity of running on even keel with open market and common market funding. Q-Tel may have yielded the beauty of 3-D Google Earth as part of the deal with Google and Keyhole inc. based in California. The problem with such venture capital funds like Q-Tel is that it involves investment bankers which raises eyebrows concerning the 'no risk' business incentive in a Capital market industry where 'Talent' for risk management is an instrument for praise. But then there are companies that have done their own bit in signing up with the government of such matters as bid-on information technology. These groups will wholly include, BAE systems, L-3/Titan, EDS, General Dynamics, Man Tech, Lockheed Martin, Microsoft, Nortel, Northrop Grumman/Essex, Raytheon, and NCI.

Concerning of the state on what happened and why it happened during 9/11 may been complicated by the wholesale failure of once popular prototype for wire tapping called SIGINT, which at some point the superior tapping and wiring endeavor. SIGINT was believed to have failed in 24th of January' 2000 and after the incident of 9/11, it was the CIA who began to push the move for a change with Fiber Optics.Tom Shorrock highlighted the compromising structure of the wholesale intelligence society of USA, especially data mining, which he vaguely but did not fully demonstrate could predicate on who wins in many business circles and who rules the war of financial market place. That data miners were selling information based on fear seem relatively common knowledge, but much less known is the area were outsourcing was a big deal such as the ones that follow SIGINT debacle in 2000, the relationship between buying information gadgets and making one, moved from 17-20% to 80/83% within a matter of years. Shorrock mentioned that a time it was an conscionable compromise on military Intel which had to be tolerated, but deeper still, the whole deal has become a tool for private ends since public freedom was essentially denied.

The issue concerning the 9/11/01 and other security failures and failures of integrated systems in New York leading to the two recent air plane crashes, lead us to understand that as far matters of security, interns of integrated systems are concerned, the solutions for it is still pressing. Yet, the matter involving security in New York is no longer so much the show of power and stability as it is now, the fear of being under perpetual vigilance as new provisions are signed into law permitting Cameras to overhang in NY subways. There are all kinds of internet and security based businesses in New York, especially security driven which has taken on the added muscle of charter, following the incident of 9/11/01 in New York. In the '9/11 Commission' initiated at the behest of the last president, George Bush, revealed lapses in judgement of the Central Intelligence Agency (CIA) under George Tenet, the whole survey tended to suggest that CIA was not always in charge of the situation, sort faulted the leadership community for the poverty of information and all else.


Whether or not the man in charge at the time of the incident had principal hand in determining the shortfalls of information data is not noted, but what seem clear was the rise of security information outfits and surveillance technology much of which where privately owned and operated and gradually yielded grounds to the state beginning with the incidents of 9/11. From Q-Tel initiated by George Tenet himself following the debacle of SIGINT, to Donald Rumsfeld's insisting on incorporating privately owned internet security systems into the US military, a whole new world of security information 'Pure Play' was born and since then Google, Yahoo, Aol, the Apollo, the flag Atlantic, and Global Crossing, have signed a useful parity in security surveillance with more Government security intelligence. Spying on your neighbor may be a world we only hear about, but under this signatories, it is impossible to deny that spying on your fellow traders with the advantage of invisible cameras as large as the Armory pole has become much more closer and much more compromising in nature.

The problem is not with those who ask for the information, the problem is with those who wind up with direct non-public access to information that can make or mar competition in any industry. That a social network like Facebook, Twitter, Linked, Inter-business, might face technical problems does not necessarily mean it has weaknesses in the information technology, rather it could mean that competitors with some degree of leverage of relevant information and access might seek extortion from the said group or face a technical glitch. The rest of the world would never know what happened and how it happened. If we pay thousands of Dollars per screen a month to have a market Data network from Fisk, CNN, Factiva, Reuters and Bloomberg, you can imagine what the price would be for major corporations seeking interest in an financial areas where private owned by publicly traded companies are monopoly, there is no degree to what can happen to these small business. The whole idea bothers on malpractice.

Within a matter of years after the acquisition of private security companies market reactions to the whole incident seem to have taken roots in stock markets. Such that private ownership and preferred stocks will tend to operate against public market capitalization. In the book we learn of this trend from the figure " that capitalization figure, derived from a company's stock price per share and once more, the author included the issue at hand using tracking group that might also include A.G Edwards defense banking group "that Capitalization figure, derived from a company stock price per share multiplied by the total number of shares outstanding, is generally a good indication of investor interest in a specific industry. Collectively, the value of the intelligence pure plays exploded in the first five years of the war on terror, from $980.5 million in 2001 to $8.3 Billion in 2006. You are looking at 900% - increase"

Given the formal nature of capitalist society as prone to advantage, the paradox of netting cash through information has taken on a whole meaning, becoming a vise in common markets. In this we mean that the way front process of letting competitors participate on certain necessary 'Pure Play' information where only a group has useful access to information might be challenging, especially when it involves the smaller companies who are likely to compete with bigger companies in any given world market for security contracts and market opportunity. There is a problem of legitimacy involved in marketing under the wire, but non of immediate practice is set in such as to oppose any thing we find in FDIC rules and regulation, and more than anything too much regulation could just kill the Market. If private investors as well huge financial institutions can be taken seriously, they are likely to participate in an open source automated quote lines, but for IPOs arriving on the board with venerable software and little primary source, there is a case to be made that 'filling orders' and quotes on line which brokers nowadays do, can be intercepted by much primary sources from higher levels and then then mantra of rerouting basic IP routes. This measure so to speak is re-gauged in such a way that online primary interceptors or level III and IV trading institution much of it is NASDAQ will likely file a forward ahead of intercepted filling orders, and by merely pressing on a button leading to the sale or hold level I and II position. In such circumstances, the bigger coverage will now set up their calls based on information that is available to them via direct access, and can hold until volume builds within seconds of trading window before the 10-15 seconds automated quote lines make the board and 'in-in' less competitive direct access 'Pure Play' will simply bring down a whole economy.


Lately in New york, the whole fear of that what happened in New York with the fall of Lehman might repeat itself in years to come, yet the problem with Lehman like many other derivative financial companies and institution is that people who were supposed to monitor them were also involved in making the . The question on e need o ask is why did Madorf succeed so easily, the fat remains that he could not succeeded without others and more than anything, he could have only succeed in a system that is in his own hands. The other issue which take the front line is the one concerning election and electioneering campaigns. For instance in New york, there is nothing any opponent can do to raise awareness on the shortfalls of the current incumbent of New York without first encountering the obstacles of public view, fed on by local news and television with primary attachment to primary sources and prodded by primary information source and the restriction to general access. After the visit of the President to New York, it has been my personal concern that Americans sense of security, especially its bend towards private security is signaling a process that could get out of hand.




Since the advent of 'New Economy' stocks, these has been a less dependency on Banks for credit. The dependency ratio on privates to banks and credit spread in the past The federal reserve considering the 'frisson effect' had done its bit to uplift the credit power of most average business men and women through other financial institutions. That action from the Feds had been intended to galvanized the so called 'New Economy' due to the benefits of the credit companies and hedge funds relying on new and improved businesses to do better. With the era of corporate sponsorship through the state and financing through sensitive intelligence areas of the state, we gradually be. Some of the chattered internet companies are still likely to open a can of threat alerts, that could force a market reaction for and against security. This can be done without due pronoun to the success of the financial markets, and can still be done with or without reference to the nature of the threat nor the justifications for it. Why this spells disaster for private Americans cannot be fully grasp accept in the context of New York City. More that these facts of security compromises of private Americans, we can have a grim picture of what these security companies can do with businesses we own and operate in the United States.


The problem is that many people in New York have probably never heard some other companies exclusively dealing on surveillance, and never perhaps heard of Aerospace, nor have have been privy to the fact that their computer encryption like the ones manufactured by Dell, IBM and Microsoft (the last to sign on), would provide the government all the information they need about the individual, not only that, your bank's information, technical particulars and activity can be at the easy beck and call of the guiding governmental security service provider without your express consent. if these things are ordinarily monitored by the Government these no problem, unless no we are dealing with the issue of safe net and matters arising from very responsible individuals hiding under the canopy of Homeland security. It is well known that actions of all sorts are monitored by government-backed-reconnaissance security web-nets, there is nothing new about this and nothing wrong in such attempts. The minor stick in the whole evolutionary ideas of using information technology to manage and monitor information technology, is that it spells security compromise for non-secuitors, and on certain sensitive information about individuals can reach the ranks of those who use for their own personal gains.


With internet based business which New york once provided a haven, the industry once useful for directing the source of business connection, it is possible to blank an opponent out of competition with barrage and barrage of information, many of which is negative. In a setting like New york, companies doing very well in the private, seeking a form of business on the public protection and national security will have to levitate towards those in power.When you however normalize the habit of mounting suspicion, it becomes in due time, perpetuated. The relationship between the intelligence committee and the friends of the committee would welcome a new world of intelligence, but the compromise the rights of citizens following the 'Patriotic Act' of George Bush will only bring in a new world of information exploitation...