Note: New look for SGI Blog

You’ll notice we’ve revamped the look of the SGI Blog. It’s not because we’re watching too many HGTV home makeover shows during August, but this change eliminates a few problems. (You might like to scan the title of recent posts, wouldn’t you? And you weren’t seeing double: Some items repeated in the right column. WordPress had a few issues with the theme, so we’ve switched.)

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‘Predacting’ information

Predact isn’t a word. But it should be.

Here’s my definition:

Pre*dact’ — From reductio (compressing, editing):Redacting information that is not releasable under open government law (such as FOIA) in anticipation of public disclosure (and prior to a request for public release).

(Hey, if Sarah Palin can make up words, we can, too.)

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A trade secret in U.S., losing bids fight corruption online in Seoul

You may know not know it, but Seoul, Korea is one of the most tech-savvy cities in the world.  Or so says Time Magazine in this profile of the city’s efforts to wire up its citizens. An eye-grabbing stat:  95 percent of the city’s residents have broadband connections in their homes. (By comparison, Time notes the U.S. has 60 percent of households have installed broadband.)  The impact is real:

Start with clean government. All city contracts are now put out to bid online, and all bids are posted. That transparency, Seoul Mayor Oh Se-hoon tells TIME, has reduced corruption in the city significantly in the past 10 years. ‘Since all information is disclosed real time over the Internet, influence-peddling over the bargaining of government permits becomes impossible,’ he says. ‘The online system tracks the flow of approval routes and leaves behind evidence in real time. If a manager holds on to an application for too long, he becomes a suspect. So administration becomes faster and uncorrupt.’

Washington considers losing contract bids as trade secrets exempt from disclosure under the U.S. FOIA.

SEC & FOIA Exemption in Dodd-Frank: Your Take?

Update 8/9/10:  The hearing on the SEC FOIA exemption has been moved up to September 16th.

Original Post: We need some input.  You may have read that the financial reform law includes a provision that allows the SEC to withhold certain investigative files confidential.  Fox Business is attacking this as a broad exemption ripe for abuse, while SEC says it really is meant narrowly and will issue guidance.  And today the House Financial Services Committee announced a hearing on September 23rd September 16 to look into the matter.

What’s the impact on journalists who’ve covered the SEC? Let us know if you’ve covered the SEC and can shed some light.  Add them to comments or email us.  All comments will be treated as public unless you specifically say otherwise.

Update 8/9/10: The text in question is below the jump.

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