An out-of-control NSA and spying complex is close to dealing a mortal blow to the America economy

[G+_Michael A. Curtis]

An out-of-control NSA and spying complex is close to dealing a mortal blow to the America economy

Economic Forces Fighting Back Against Mass Surveillance

It’s not only judges, presidents and congress members who are slamming the NSA.

It’s not only foreign leaders – or Internet standards institutions – who are distancing themselves from the U.S. due to mass surveillance.

The NSA and it’s partners are also getting hit where it hurts … in their ability to hire and keep personnel, and in the pocketbook

[...]

An IBM shareholder group – the Louisiana Sheriffs’ Pension & Relief Fund – has sued IBM for cooperating with the NSA … since that cooperation has destroyed IBM’s sales to China (as we noted in July, the failure of tech companies to disclose their participation in mass surveillance violates fair disclosure requirements … that is, the requirement to disclose “materially adverse information”  which could hurt a company’s value)

 

See also: NSA Revelations Kill IBM Hardware Sales In China: http://bit.ly/1dMiSI4 ?

http://investmentwatchblog.com/the-nsa-and-its-partners-are-getting-hit-in-their-ability-to-hire-and-keep-personnel-and-in-their-pocketbooks/