Verizon Loses German Contract Over NSA Ties

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Mark Melin
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In what is perhaps the most tangible damage done to US business by the National Security Agency spying dragnet, the German government said today it would end a contract with Verizon Communications Inc. (NYSE:VZ) due to security concerns. Critics attack NSA’s Prism monitors The controversial NSA program called Prism monitors phone calls and can enter into individual smart phones and turn on microphones to eavesdrop. This is routinely done overseas without a warrant, and critics charge this is the case in the US as well. The program, which was said to be well known in the intelligence and terrorist community, was…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.