re: NSA's Prism Could Cost U.S. Cloud Companies $45 Billion
Agreed (and most people don't get that currency is not stored value; much better described as information, so very key point).
So, I'm looking at these developments with no small amount of dread. Cross border data management is a high enough hurdle to manage, both with complex, conflicting regulations and double-standards in many jurisdictions. Favorite quote, ". ... If all the data of enterprises is going to be under the control of the U.S., it's not really good for the future of the European people.''' My interpretation: a lot more attention will be payed, and it will get much more difficult to manage multi-national operations. Costs will go up, efficiency down.
Lack of "rule of law" creates friction. Friction is bad.