Leave it to Jon Stewart and his great talent for bringing some very important points home.  We all should know that this has been done by design, it’s models dummy!  He uses all kinds of examples here on where to get money but I have my idea on a serious note and that is to tax and license the data sellers at it plays right into the data and algorithm game.  I ended up spelling this out in a series of posts called “The Attack of the Killer Algorithms” which shows every day events with flawed data and analytics used out of context, good stuff, reality.

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Back in Black - The Moocher Class
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After you enjoy the video here’s an idea that has been around this blog for quite a while but government and others can’t seem to get a hold of the money made with intangible over rated algorithms and models.  Jon Stewart’s video in a funny way expands on this and what models and algorithms created, and yet the folks who are not a part of or don’t understand how this works are brow beaten all the time and the Occupy movement was a protest against this, and even some of them didn’t know why they were there but this force that works on servers is a big part of it.

Time Has Come to License and Tax the Data Sellers of the Web, Companies, Banks, Social Networks..Any One Making a Profit-Latest Microsoft/Google Privacy War Helping the Cause –Consumers Deserve to Know What Is Being Sold and To Who in a Searchable Format

There are good folks out there too but the wealthy either know how to write the models themselves or have enough money to hire it done for them.  Some take the high road and some don’t.  Look at Jamie Dimon and how it has worked at JP Morgan.  He hires it done as when he has been on video of late when asked about specifics we hear “I don’t know”..enough said there.  Yes indeed it’s the Moocher class created by using models that lie or present huge errors and make money for banks and companies.  Some day when the literacy of this catches up maybe we might be able to see a government that holds banks and companies accountable.  They better hire some smart folks on their side for sure to go after accountability as conventional methods can’t get it all.   Scroll on down to the bottom of this page for a few videos that might help you grasp some of this as it’s not easy as you can’t touch, see, feel or talk to these models and algorithms as a consumer.  The Algo Duping page has a few more videos that I have curated from people smarter than me. 

Again, I keep patiently putting up my campaign that is an epidemic in the US as listed above and more here about the huge profits made (i.e. Walgreens in 2010 making short of $800 million selling data) and how this adds to exposure for security breaches and less money going towards manufacturing, where the jobs are.  Nobody is accountable and banks and companies have gone hog wild and it hurts all of us.  It’s an addiction to the big data chase thinking there just has to be one tiny element that get the ultimate goods on you, like insurance companies buying up all our Visa and MasterCard data…looking for those buying clothes one size larger…hmmm…try that one again as obesity and being over weight is pretty visual and not something folks can hide very easily, anyway you get my point on the addiction here and you pay for all of this with higher insurance premiums too, with going way beyond what is needed to run a business.  BD

http://www.thedailyshow.com/watch/tue-april-16-2013/back-in-black---the-moocher-class

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