What happens when you combine Fifty Shades of Grey with fundamentalist Christianity? ‘Spanking for Jesus

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Given his calm and reasoned academic demeanor, it is easy to miss just how provocative Erik Brynjolfsson’s contention really is. ­Brynjolfsson, a professor at the MIT Sloan School of Management, and his collaborator and coauthor Andrew McAfee have been arguing for the last year and a half that impressive advances in computer technology-from improved industrial robotics to automated translation services-are largely behind the sluggish employment growth of the last 10 to 15 years. Even more ominous for workers, the MIT academics foresee dismal prospects for many types of jobs as these powerful new technologies are increasingly adopted not only in manufacturing, clerical, and retail work but in professions such as law, financial services, education, and medicine.

That robots, automation, and software can replace people might seem obvious to anyone who’s worked in automotive manufacturing or as a travel agent. But Brynjolfsson and McAfee’s claim is more troubling and controversial. They believe that rapid technological change has been destroying jobs faster than it is creating them, contributing to the stagnation of median income and the growth of inequality in the United States. And, they suspect, something similar is happening in other technologically advanced countries.

Perhaps the most damning piece of evidence, according to […]

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Surprise, surprise.

Just when we thought the big banks couldn’t hit a new low, they do.

Six former employees of Bank of America have come forward, alleging that the big bank intentionally denied eligible homeowners mortgage loan modifications, and lied to those homeowners about the status of their mortgage payments and documents.

Bank of America allegedly used these dirty tactics to lead homeowners into foreclosures and in-house loan modifications, both of which helped reap massive profits for BOA’s bottom-line.

The employees who have come forward have also said that the big bank rewarded customer service representatives with hefty cash bonuses and gift cards to popular stores when they foreclosed on homes.

According to a lawsuit filed in federal court, a Bank of America employee who placed ten or more mortgage accounts into foreclosure a month could get up to a $500 bonus.

The lawsuit also alleges that the bank punished representatives who did not hit foreclosure target numbers or who objected to the bank’s tactics. In some cases, those employees who didn’t foreclose on enough people were fired.

This latest jaw-dropper out of Bank of America comes just days after it was revealed that the bank was also using deceptive mailers and sales pitches to sell consumers […]

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If you think the U.S. government is doing a sub-par job of keeping your food safe, brace yourself. You could soon be eating imported seafood, beef or chicken products that don’t meet even basic U.S. food safety standards. Under two new trade agreements, currently in negotiation, the U.S. Food and Drug Administration (FDA) could be powerless to shut down imports of unsafe food or food ingredients. And if it tries, multinational corporations will be able to sue the U.S. government for the loss of anticipated future profits.

More frightening? Negotiations for both agreements are taking place behind closed doors, with input allowed almost exclusively from the corporations and industry trade groups that stand to benefit the most. And the Obama Administration intends to push the agreements through Congress without so much as giving lawmakers access to draft texts, much less the opportunity for debate.

Designed to grease the wheels of world commerce, the Trans-Atlantic Trade and Investment Partnership (TTIP) and the Trans-Pacific Partnership (TPP) would force the U.S. and other participating countries to ‘harmonize’ food safety standards. That means all countries that sign on to the agreement would be required to abide by the lowest common denominator standards of all participating governments. […]

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A retired federal judge warned Friday against blind faith in the secret court deciding the scope of U.S. government surveillance. During a panel discussion on constitutional privacy protection in the wake of a leaked Foreign Intelligence Surveillance Court decision that revealed widespread NSA data collection, U.S. District Judge Nancy Gertner stood up in the audience to counter the statements of conservative law professor Nathan Sales that secret surveillance requests are subject to meaningful judicial review. She cautioned:

As a former Article III judge, I can tell you that your faith in the FISA Court is dramatically misplaced.

Two reasons: One

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