On the other hand are the data bunkers of the private sector, whose position is different. Although these are fast-growing engines of data collection with a much greater degree of dynamism, they may not have the same privileged position - although one has to differentiate among the general historical and social conditions into which a data bunker is embedded. For example, it can safely be assumed that the databases of a large credit card company or bank are more protected than the bureaucracies of small developing countries.
Private data bunkers include
- Banks
- Building societies
Credit bureaus
Credit card companies
Direct marketing companies
Insurance companies
Telecom service providers
Mail order stores
Online stores
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The convergence of biology and technology is not an entirely new phenomenon but and has its origin in the concept of modern technology itself. This concept understands technology as something bigger, stronger, and more reliable than ourselves. But, unlike human beings, technologies are always tied to specific men-defined purposes. In so far as men define purposes and build the technology to achieve those purposes, technology is smaller than ourselves. The understanding of technology as a man-controlled tool has been called the instrumental and anthropological understanding of technology.
However, this understanding is becoming insufficient when technologies become fast and interdependent, i.e. when fast technologies form systems and global networks. Powerful modern technologies, especially in the field of informatics, have long ceased to be mere instruments and have created constraints for human action which act to predetermine activity and predefine purposes.
As a consequence, the metaphysical distinction between subject and object has become blurred. In the 1950s Heidegger already speaks of modern technology not as the negation but as the culmination of metaphysical thought which provokes men to "overcome" metaphysics. The weakening of metaphysical determinations which occurs in the project of modern technology has also meant that it become impossible to clearly define what being human is, and to determine the line that separates non-human from human being. These changes are not progressing at a controllable rate, but they are undergoing constant acceleration. The very efficiency and power of calculation of modern technologies means that acceleration itself is being accelerated. Every new technological development produces new shortcuts in socio-technical systems and in communication.
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American holding company incorporated Jan. 22, 1969, to acquire, as its main
subsidiary, The Chase Manhattan Bank, NA, and to develop other related financial services and operations. The Chase Manhattan Bank itself had resulted from the merger in 1955 of the Bank of the Manhattan Company (founded 1799) and The Chase National Bank (founded 1877). Its headquarters are in New York City.