Yes, indeed. The plan is to organize and store the details of all the times, dates, locations and duration, numbers called, websites visited and addresses e-mailed within the UK. Oh but never fear, there are "no plans for an enormous database which will contain the content" of all those emails. Plus, local governments won't even be allowed to access this database! It'll just be for the central government...and the EU government...and EU investigators...and UK police and special services...but other than that, nobody!

Even more interesting, did you know that the United States had(s?) this exact type of database in place for a few years? It was called the Multistate Anti-terrorism Information Exchange but was hilariously nicknamed MATRIX. Destroying privacy rights is funny, right? Well, MATRIX was "shut down" in 2005. What's interesting, though, is that, clearly, that information had to go somewhere. It obviously wasn't destroyed or dispersed. It wouldn't surprise me at all to find out that the NSA still accessed such a database routinely.
It will be interesting to see how the UK learns from our precedent. As I mentioned, we did install such a database, but the public outcry was too much and it forced our government to destroy it...or just push it underground. Already, the Liberal Democrats have spoken out against the new database. They are calling for the government to present a "convincing justification" for this "exponential increase of the power of the state." Can we expect an answer other than "to stop terrorism" or "to decrease the risk of violent crimes?" Such assertions are broad enough to cover the bases and ambiguous and scary enough to be surprisingly, forcefully persuasive. But it's like EJB said in the last post...crisis is the health of the nation.
~JSK
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