Social Media: the stocks of the 21st century (and why we need more of it)

One of the effective uses of the stocks were that you had to face your community and be known and ridiculed for the transgression you were guilty of. ? Due to society growing to the point where we haven’t even said “hi” to our neighbours, the anonymity of people in general emboldens them to do things because they think they can get away with it.

But not if we use “digital stocks”:

Wairarapa shoplifters should expect to be shamed on Facebook, as retailers take to CCTV and social media to fight back.

Owner of Trev’s Sports in Queen St, Quentin Henderson, has twice turned to the community on Facebook to help identify shoplifters.

Last October, a teenage cat burglar who stole hundreds of dollars’ worth of goods owned up after CCTV images of the burglary was widely viewed on Facebook.

And last month, footage of two teenage girls shoplifting received 21,768 views.

Although not from Masterton, the girls were identified.

Mr Henderson said the community supported retailers by trying to help identify the shoplifters on social media.

A bit of crowd sourcing to identify scumbags will be very effective in putting the breaks on petty thievery. ? Read more »

Would you like the council to spy on you when you’re sunbathing?


We have no idea what to think about our privacy. ?On the one hand we put our photos on the Internet for many (if not everyone) to see, almost half the country gets uptight at the idea the government might spy on bad people who amount to a hundred or so, and now this: ? Read more »

Chinese State TV Takes Aim At Bank of China – Confusion Reigns Supreme

Mainland China has largely ignored the obvious breaches in money laundering – until perhaps now.

In a rare public tussle between two powerful arms of the Chinese government, China’s state broadcaster took aim at Bank of China on Wednesday, accusing the lender of laundering money and helping clients skirt the country’s controls on cross-border fund transfers.

State TV CCTV has taken on the giant Bank of China and left commentators utterly confused. ?Bank of China is State owned as well.

China officially restricts the ability of individuals and businesses to move money across its borders. Chinese individuals aren’t allowed to exchange and move more than $50,000 a year out of the country. Chinese companies can exchange yuan for foreign currencies only for approved business purposes, such as paying for imports or approved foreign investments.

Yet we know that is nonsense, just have a look at the spending and investing habits of Mainland Chinese let alone the tsunami of cash flowing over to Hong Kong and sloshed into the property market.

Bank of China claims that the reports are false.

The answer may lie?somewhere here

For years, China’s economy benefited from large flows of cash into the country from exports and from foreign investors. Incoming dollars were exchanged for yuan at China’s central bank, putting more yuan into the economy. That made it easier for banks to lend and companies to grow, but it also stoked inflation and contributed to real estate and stock-market bubbles.

When money leaves, that system swings into reverse, and there is less money available to fund growth. Chinese regulators in recent months have said they would step up monitoring of illegal fund flows.

The world should?wait with weak knees if Beijing gets its act together and decides to get some of that cash back through enforcing their actual laws or heaven forbid, actually having a sophisticated taxation mechanism to stem the flow of the fleeing masses.

And people think the GCSB is a problem

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Michael Foreman reports on the positive uses of mass surveillance

Operators monitoring Auckland’s road network often target individual vehicles and stop them by manually switching traffic lights to red.

But operators at the Joint Traffic Operations Centre (JTOC) in Auckland will only take this action if a driver is clearly drunk, JTOC control room manager David Murphy said.

“It’s amazing how long a drunk driver will stop at a red light, but they usually fall asleep within about 10 minutes,” he said.

By this time the police had usually arrived at the scene. Read more »

Recently released Japanese CCTV tsunami footage