Call me a freak or call me a nut, but I wonder why more questions are not asked about technology, whether it is drones, apps or wearable devices. When I watch Bloomberg or Charlie Rose, the hosts seem to be enamored of guests representing technology companies — Google, Amazon, Uber, etc. Even my 81-year-old father doesn't question what is being done with the data collected through the apps he uses on his iPhone. Or my twenty-something brother-in-law — even though this data is collected in incredible detail, regarding their every move throughout the day, and is aggregated with other sources.
There are very few laws regulating what is collected and what is done with it. The only thing we really have control over is ourselves and our actions. I believe that when we give that away, we give away our power.
Do I really want a stranger to know how many steps I've taken? To sell that information without my say? Think about the implications. If data is used generically, it could provide great benefit to society. If used with a name attached, others may know more about me and what I do than I know about myself.
Be careful. Use your judgment. Follow your gut.
Jay Gubrud, Roseville
RETIREMENT SAVINGS
'Fiduciary standard' would be better, not harder, for you
Lee Schafer's March 22 column "Saving for retirement is about to get harder" misses the point about new rules that would create a "fiduciary standard" for accounts like an IRA. Bottom line: Giving bad retirement savings advice is wrong — period.
No matter how much money you've saved, you deserve retirement advice that is in your best interest. Yet, right now, a loophole in the law allows bad actors to provide advice based on what's best for their pocketbook, not yours.
The way Americans save for retirement has changed dramatically over the last generation. Fewer and fewer people have a guaranteed pension; a worker is much more likely to have a 401(k) or IRA and need to make complicated financial and investment decisions. Many understandably turn to a professional for help. Many professional advisers do right by their clients, but others take advantage.
Bob Worthington, Minnetonka
EQUAL RIGHTS AMENDMENT
A chance for Republicans to buzz the way only they can
Can we recognize the 30-ton elephant in the room — that narrow-minded, provincial, axe-grinders are attracted to today's Republican Party like bees to clover?