Heidi Moore:

Bernanke has been brutally honest with the market, repeating his targets time and time again. And in return, the market has been brutally honest with Bernanke, with investors stomping out of the bond market at the slightest whisper of rising rates.

In both cases, neither side is dissembling or misleading the other. But there’s also a certain pain they hope to inflict on each other, hoping to manipulate the other side to come around to its own way of thinking. Bernanke wants the market to be prepared for the Federal Reserve to stop supporting its profits; the markets want Bernanke to know that investors will do anything to protect their profits, up to and including to hurting the wider economy.

No one’s lying, but no one’s being cautious, either. As the British Conservative politician Richard Needham once said, “people who are brutally honest get more satisfaction out of the brutality than out of the honesty”. That’s where the relationship between Bernanke and the stock markets stand.

Thomas Guignard:

In the wake of the disclosure of the National Security Agency’s mass digital surveillance program, a group of Austrian students have filed a series of formal complaints with a number of European data protection agencies. The case could become the first legal proceeding challenging disclosure of non-American data to the American government on the basis of alleged violations of European Union data protection law.

The students filing the complaints are all members of an advocacy organization called “Europe vs. Facebook,” which for over two years has been encouraging Facebook users worldwide to request copies of whatever data Facebook holds on each of them. Ars profiled this effort, and its leader, Max Schrems, in December 2012.

“[The goal of this effort] is to see if it is legal for a European Union company to forward data to the National Security Agency in bulk,” Schrems told Ars. “[and] to get more information, because they will have to disclose stuff in a preceding here. The US gag orders are not valid here. Both might be another puzzle piece for the good of mankind.”

Jakob Augstein:

Is Barack Obama a friend? Revelations about his government’s vast spying program call that assumption into doubt. The European Union must protect the Continent from America’s reach for omnipotence.

On Tuesday, Barack Obama is coming to Germany. But who, really, will be visiting? He is the 44th president of the United States. He is the first African American to hold the office. He is an intelligent lawyer. And he is a Nobel Peace Prize laureate.

But is he a friend? The revelations brought to us by IT expert Edward Snowden have made certain what paranoid computer geeks and left-wing conspiracy theorists have long claimed: that we are being watched. All the time and everywhere. And it is the Americans who are doing the watching.

Matthew Schofield:

Wolfgang Schmidt was seated in Berlin’s 1,200-foot-high TV tower, one of the few remaining landmarks left from the former East Germany. Peering out over the city that lived in fear when the communist party ruled it, he pondered the magnitude of domestic spying in the United States under the Obama administration. A smile spread across his face.
“You know, for us, this would have been a dream come true,” he said, recalling the days when he was a lieutenant colonel in the defunct communist country’s secret police, the Stasi.

Read more here: http://www.mcclatchydc.com/2013/06/26/195045/memories-of-stasi-color-germans.html#.Ucwg81W9LCR#storylink=cpy