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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

2

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

Apple denies feeding customer secrets to a U.S. spy agency

By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
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By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
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June 7, 2013, 9:53 AM ET
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Click to enlarge. Source: Washington Post

FORTUNE — Apple (AAPL) was one of nine U.S. companies scrambling Friday to distance themselves from reports that they had handed the keys to their server farms to government spies.

The
Washington Post
reported Thursday that the National Security Agency — a U.S. intelligence agency so secretive that for many years even its name was a secret — had been, according to slides promoting its so-called PRISM program, collecting data “directly from the servers of these U.S. Service Providers: Microsoft, Yahoo, Google, Facebook, PalTalk, AOL, Skype, YouTube, Apple.”

“We have never heard of PRISM,” was Apple’s response. “We do not provide any government agency with direct access to our servers, and any government agency requesting customer data must get a court order.”

For similar denials from the other companies, see here.

By law, the NSA’s intelligence gathering is limited to foreign communications, although its authority was reportedly broadened to include domestic surveillance during the second Bush administration.

UPDATE: The post is apparently backing away somewhat from its original report. See here.

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