Britain’s Spy in the Sky
Source: http://www.usfunds.com/investor-resources/frank-talk/?i=1492Posted on Tuesday, October 27th, 2009 | In Investing Lessons
Ever feel like somebodyrsquo;s watching you? If yoursquo;ve traveled to the UK recently, chances are somebody has.
An article from Sundayrsquo;s New York Times: ldquo;Britons Weary of Surveillance in Minor Casesrdquo; details some troubling surveillance tactics being used in Britain.
According to Londonrsquo;s Evening Standard, more than 10,000 cameras have been set up around the city at a cost of $326 million.
These cameras are being used to monitor comings and goings along the streets, nbsp;and to help solve a range of crimes ndash; from pickpocketing and loan-sharking to failing to clean up after a pet.
A controversial law enacted in 2000 allows the authorities to install the cameras. The costs are tangible, both in dollar terms and loss of privacy, but the benefit is less clear: The parts of London with the most cameras have a below-average rate of solving crimes, the Evening Standard says.
Read ldquo;Britons Weary of Surveillance in Minor Casesrdquo;
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 About Frank Holmes (http://www.usfunds.com/franktalk)
Frank Holmes is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the Global Resources Fund (PSPFX), the World Precious Minerals Fund (UNWPX) and the Gold and Precious Metals Fund (USERX). |
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