New Policy All But Bans The Intelligence Community From Speaking To The Press

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Originally posted on TechCrunch:

A new policy put in place this March effectively bans members of the U.S. intelligence community from speaking to the media, even when discussing unclassified matters.

The new rules have sparked outcry from many outside the government, given that the policies as detailed in the directive further clamp down on interaction between the public and intelligence denizens.

The rules are similar to a proposal that died in the Senate in 2012 over concerns regarding their overzealousness. The ACLU’s Gabe Rottman stated in response to the directive that James Clapper, director of National Intelligence, “is trying to do by decree what he couldn’t secure through our elected representatives.”

Here’s the key line from the directive, forcing members of the intelligence community to receive permission to speak to anyone in the media:

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Failure to follow the new rules can lead to the loss of classified access, or even termination:

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So what about whistleblowing…

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David Einhorn Just Cried Bubble And Let Slip The Shorts Of War

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Originally posted on TechCrunch:

David Einhorn, a hedge fund manager worth north of a billion dollars, isn’t bullish on technology stocks. In a letter to his investors sent today, Einhorn described the current market environment as the “second tech bubble in 15 years.”

Calling today an “echo of the previous tech bubble,” Einhorn notes that there are currently “fewer large capitalization stocks and much less public enthusiasm” this time around. This means that the current bubble, such as it is, is smaller, and when it does deflate — how rapidly we’ll have to see — there will be less carnage — blood, red ink, or otherwise.

It’s worth our time to walk through Einhorn’s arguments concerning tech stocks and accounting practices.  Here are a few “indications” that demonstrate, according to Einhorn, that “we are pretty far along” in the current bubble:

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Valuing companies not based on their current profitability, and reasonable expectations of their future profitability…

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