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Morning News

Luke Johnson compares traditional financial language – like profit motive and competition – and how their definitions are transforming today. Anger over social and economic inequality across the globe is driving people to disapprove of risk-takers and perceive investment banks as demonic organizations. Not without some reason, but Johnson draws attention to a question sweeping through protests on Wall Street and the world – is success a bad thing?

Obama has announced a restructuring of federal loans for students, but it might not make much of a difference to most indebted students. Plus – Kevin Carey, the policy director of Education Sector, a think tank in DC, takes a look at what else Obama can do to reform America’s higher education system.

Farm anywhere. That’s the theory behind Atlanta-based startup Podponics, which converts shipping containers to hydroponic farms. The mini-farms are transportable and can grow food anywhere. When the founders set up shop next to the Publix and WalMart distribution centers – allowing them to plug their produce right into a huge food supply chain – they could completely change the way food moves from farm to table.

Japan is under cyberattack: Last November, the Ministry of Economy, Trade, and Industry was attacked by hackers. In June, viruses infected computers at a number of Japanese embassies; in July, hackers stole passwords and ID codes from a network at Parliament. Then in August, sensitive information on fighter jets and nuclear power plant designs was stolen from Mitsubishi Heavy Industries. Here, Via Meadia discusses the dangers of 21st century computer warfare.

Amir Mir, a controversial Pakistani journalist from a controversial family, wrote a startling article in Asia Times where he writes that China is seeking to build army bases in Pakistan’s tribal regions, ostensibly to fight Pakistan-based terrorists active in western China. This would be a serious escalation of the Chinese-Pakistani security relationship; Chinese troops were also present during Pakistani military exercises near the border with India back in August. And recently, Pakistani officials asked China to construct a naval base at the (Chinese-built) port in Gwadar, Pakistan.

Southeast Asia used to be a lot more unstable, like Pakistan is today. An op-ed in the WSJ argues Pakistan should look to Indonesia as a development model, and that the US shouldn’t give up on aid and and investing in Pakistan – just because Islamabad is going through a rough, uncertain time doesn’t mean that down the road Pakistan’s leaders won’t give up the fight with India and focus on internal development and political peace.

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