CHINESE SHARES TUMBLE 8.5 PERCENT IN BIGGEST ONE-DAY DROP SINCE 2007
July 27th, 2015Via: Reuters:
Chinese shares slid more than 8 percent on Monday as an unprecedented government rescue plan to prop up valuations ran out of steam, throwing Beijing’s efforts to stave off a deeper crash into doubt.
Major indexes suffered their largest one-day drop since 2007, shattering three weeks of relative calm in China’s volatile stock markets since Beijing unleashed a barrage of support measures to arrest a slump that started in mid-June.
“The lesson from China’s last equity bubble is that, once sentiment has soured, policy interventions aimed at shoring up prices have only a short-lived effect,” wrote Capital Economics analysts in a research note reacting to the slide.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen tumbled 8.6 percent to 3,818.73 points, while the Shanghai Composite Index lost 8.5 percent to 3,725.56 points.
Britain: Chairman of the Lords Privileges and Conduct Committee Filmed Snorting Cocaine with Prostitutes
July 26th, 2015My guess is that any of these scum can get popped with honey pots at any time. More interesting than the fact that this stuff is happening is why does it ultimately becomes public?
Via: BBC:
Lord Sewel is facing a police inquiry after quitting as House of Lords deputy speaker over a video allegedly showing him taking drugs with prostitutes.
Lords Speaker Baroness D’Souza said he had also quit as chairman of the Lords privileges and conduct committee in the wake of the Sun on Sunday’s story.
The footage showed him snorting powder from a woman’s breasts with a £5 note.
Baroness D’Souza said his behaviour was “shocking and unacceptable” and that she was referring him to the police.
“Lord Sewel has this morning resigned as chairman of committees. The House of Lords will continue to uphold standards in public life and will not tolerate departure from these standards,” she said.
“These serious allegations will be referred to the House of Lords commissioner for standards and the Metropolitan Police for investigation as a matter of urgency.”
Research Credit: Jb
NASA: 1 Billion ‘Earths’ in Our Galaxy Alone; Estimate, “May Be a Little Low”
July 25th, 2015Via: Washington Post:
During the NASA newser Thursday, I asked whether the latest Kepler data offered any new insight on the abundance of Earth-like planets around sun-like stars (the shorthand for this formulation is “eta-Earth”), and then followed up with an e-mail to NASA. Batalha, an astrophysicist who is the mission scientist for the Kepler telescope, e-mailed her answer:
Previous estimates of eta-Earth suggest that 15-25% of stars host potentially habitable planets. These estimates are based largely on discoveries of planets orbiting the cooler stars called M dwarfs. These new discoveries suggest that the statistics for sun-like stars are roughly in-line with estimates from the cooler M-type stars. So how does that translate to the number of planets in the galaxy? M, K, and G dwarfs comprise about 90% of the stars in the galaxy. Conservatively speaking, if 15% of stars have a planet between 1 and 1.6 times the size of Earth in the Habitable Zone, then you’d expect 15% of 90% of 100 billion stars to have such planets. That’s 14 billion potentially habitable worlds.
M type stars are the most common in the galaxy comprising about 70% of the population of Main Sequence stars. Here’s how the star types break down for the solar neighborhood within 33 light-years:
357 stars total
248 of those are M dwarfs
44 K dwarfs
20 G dwarfs
That means “only” about a billion of the 14 billion I mentioned above are orbiting G stars. Ha!
Thank you, Dr. Batalha! Keep in mind, she is using conservative estimates. So 1 billion may be a little low.
Chevy Spark EV Review
July 24th, 2015Disclosures: I sell solar power systems in NZ and I’m long Enphase Energy.
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Via: LaserHacker:
Britain: Hundreds of Police Officers Convicted in Past Three Years
July 24th, 2015Via: BBC:
At least 309 police officers and police community support officers in the UK have been convicted of offences in the last three years, figures show.
The offences that led to convictions include sex crimes, assaults and possessing indecent images of children.
However, only 25 of the 45 forces gave figures to the Press Association after a Freedom of Information request.
…
The 20 forces that did not provide information either said they could not reveal the number of convictions because of the cost of retrieving the information, or did not respond to the request.
Research Credit: Jb
Mystery Man Found Decomposing In Car Had More Than 1,200 Guns, Cash, Underwater Car
July 23rd, 2015Update: “There’s almost $5 million worth of guns that were taken by the police.”
Via: KTLA:
“He could have been working for anyone,” Braun said. “It’s hard to imagine, however, that it’s a total figment of his imagination because there is so much money involved. There’s almost $5 million worth of guns that were taken by the police.”
Photos from the scene of the police search show dozens and dozens of boxes of ammunition, a cash counter with thousands of dollars stacked nearby, and many piles of rifles and specialized firearms.
Several storage units remained to be searched, Braun said. He had heard that there were at least four heavily modified Toyota SUVs ready for combat and able to operate in various types of terrain, including in the desert and even underwater.
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This one is a keeper.
Other mystery men: Larry C. Ford, George Jakubec, Roland Carnaby.
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Via Guardian:
Inside his own head, Jeffrey Alan Lash was a secret government operative under constant surveillance by the CIA, the FBI or both.
He spent lavishly to build up an arsenal of 1,200 firearms, six and half tons of ammunition and explosive-making materials, which he piled high in every room of the small condominium he shared with his fiancee in a well-heeled hillside enclave high above the Pacific Ocean in Los Angeles.
He had twelve cars, including one reported to be bullet-proof and worth around $100,000. When he and his fiancee went to dinner at the local Italian restaurant, they drove in separate cars, and always paid in cash.
Any time Lash saw a camera, he would get upset. He told people his name was Bob Smith. Then he died, and things got truly strange.
Police in Los Angeles have spent several days figuring out why Lash’s body ended up in a car outside his house and was left to decompose for almost two weeks. They found it last Saturday – not because of a tip-off from the neighbours, who appear to have been oblivious throughout, but because a lawyer representing his fiancee gave them a call.
They also deployed a bomb squad and chemical experts in Hazmat suits to go through his vast arsenal of weapons and explosives – all of it, to judge police photographs and initial reports from the investigation, acquired legally and left untouched.
Some chemicals were too unstable to transport, so the police blew them up. The tentative conclusion is that Lash was a rich eccentric so caught up in his make-believe world of spying and derring-do that he had his fiancee, Catherine Nebron-Gorin, convinced it was real.
When he was diagnosed with cancer a year ago, he reportedly told her it was the result of chemical weapons exposure on an old mission.
On 3 July, the couple and a friend were shopping at a supermarket in Santa Monica, a few miles away from the house, when Lash became unwell and died in the outdoor parking lot.
Nebron-Gorin later told a friend she had specific instructions from Lash on what to do if he died. Don’t call the authorities. Leave him in a car. Get out of town, and let his minders take care of the body. So she did that.
The friend, a doctor who did not want to be named, told the Palisadian Post newspaper he spent 90 minutes trying to revive Lash in the passenger seat of an SUV outside his house on the night he died as Nebron-Gorin was “wailing and grieving”.
Nebron-Gorin left for Oregon and when she returned she was stunned to see Lash’s body where she had previously left it. She called a high-profile criminal defence lawyer, Harland Braun, whose previous clients have included Dennis Rodman, Roseanne Barr, Gary Busey and Robert Blake, the actor eventually acquitted of murdering his wife in circumstances almost as bizarre as the Lash case.
Braun told the police about the body and warned them the house was stuffed with weapons. And the police immediately evacuated the neighbourhood.
Lash grew up in a modest home near the Los Angeles international airport and had ambitions at one point to become a microbiologist like his father. Then, according to his stepmother, he largely cut himself off from his family and became secretive about what he was doing. “He was just a loner, as far as we were concerned,” Shirley Anderson told the Los Angeles Times. “He just became weird because he changed all of a sudden.”
There was no immediate explanation of how he obtained his money or what, if anything, he had done for a living. According to police estimates, Lash spent at least half a million dollars, and perhaps more than twice that, on his weapons stash. The condominium, which is in Nebron-Gorin’s name, last sold for $440,000 in 1991.
Braun, the lawyer, said he doubted the story about working for the government was true. “Whether he really was working undercover for some government agency or not,” Braun told the Palisadian Post, “he was convinced he was and he had my client convinced.”
Lash’s neighbours said they too were told Lash had worked for the CIA and found him odd. One employee of the Casa Nostra restaurant said Lash and Nebron-Gorin had eaten most of their meals there for the past seven years. Invariably, Lash would order raw filet mignon.
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Via: AP:
LOS ANGELES (AP) – An attorney said Wednesday that the body of a mystery man was decomposing in his car in the tony Pacific Palisades neighborhood in Southern California for nearly two weeks before he was found by authorities on July 17.
Inside his home, detectives discovered more than 1,200 guns, scopes, 6.5 tons of ammunition, bows and arrows, knives, machetes and $230,000 in cash.
They also found eight of the 14 vehicles registered to the man stashed across Los Angeles, including a Toyota SUV designed to drive underwater.
Who the man was and how he came to accumulate the arsenal and vehicles are questions authorities are still trying to answer.
Veteran defense attorney Harland Braun represents the man’s fiancée Catherine Nebron and identified him as Jeffrey Alan Lash.
That’s also the name coroner’s officials are working with and they’re in touch with a relative to try to officially identify the body, said Craig Harvey, chief of investigations for the coroner’s office.
Lash and Nebron were together for 17 years and she believed him when he told her that he worked as an undercover operative for multiple unnamed government agencies, Braun said.
“The story itself sounds totally crazy but then how do you explain all this?” Braun said. “There’s no evidence he was a drug dealer or he stole these weapons, or had any criminal source of income, no stolen property, all the stuff you’d look for.”
LAPD Deputy Chief of Detectives Kirk Albanese said there’s no indication the man was doing anything illegal with the weapons. Detectives were reviewing everything, but so far the guns appeared to be registered to him. Many were still in boxes or had price tags.
Braun said Nebron and two friends were in a car at a supermarket early July 4, when Lash felt hot and had trouble breathing. For three hours they tried to ice him down.
“He wouldn’t go to a hospital and didn’t want any 911 call,” Braun said. When he died, Nebron parked him in a car down the street from the condo they shared, the lawyer said.
Police say they don’t believe there was any foul play involved in his death, but the official cause has been deferred pending further investigation.
Lash told Nebron the government agencies would take care of his body and the items in the home, so Nebron and her friends took a trip to Oregon, distraught.
When they returned about 10 days later, Nebron was shocked to still see Lash’s body in the car.
She contacted Braun, and together they contacted Los Angeles police, who found the body, guns and more.
The guns are worth more than $5 million, Braun said, and along with the ammunition, took three days to remove from the home, which remains piled 6-feet high with items throughout.
“Hoarding times 10,” Braun said.
Neighbors thought Lash was dying of cancer because he appeared to be degenerating over the past year, but Lash told Nebron that he had been exposed to nerve-damaging chemicals on a mission and his condition was worsening.
Research Credit: Eric S
Vulnerability Allows Attackers to Take Remote Control of Chrysler Vehicles Equipped with Uconnect
July 21st, 2015Update: Fiat Chrysler Recalls 1.4 Million Cars After Jeep Hack
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Via: Wired:
I was driving 70 mph on the edge of downtown St. Louis when the exploit began to take hold.
Though I hadn’t touched the dashboard, the vents in the Jeep Cherokee started blasting cold air at the maximum setting, chilling the sweat on my back through the in-seat climate control system. Next the radio switched to the local hip hop station and began blaring Skee-lo at full volume. I spun the control knob left and hit the power button, to no avail. Then the windshield wipers turned on, and wiper fluid blurred the glass.
As I tried to cope with all this, a picture of the two hackers performing these stunts appeared on the car’s digital display: Charlie Miller and Chris Valasek, wearing their trademark track suits. A nice touch, I thought.
The Jeep’s strange behavior wasn’t entirely unexpected. I’d come to St. Louis to be Miller and Valasek’s digital crash-test dummy, a willing subject on whom they could test the car-hacking research they’d been doing over the past year. The result of their work was a hacking technique—what the security industry calls a zero-day exploit—that can target Jeep Cherokees and give the attacker wireless control, via the Internet, to any of thousands of vehicles. Their code is an automaker’s nightmare: software that lets hackers send commands through the Jeep’s entertainment system to its dashboard functions, steering, brakes, and transmission, all from a laptop that may be across the country.
To better simulate the experience of driving a vehicle while it’s being hijacked by an invisible, virtual force, Miller and Valasek refused to tell me ahead of time what kinds of attacks they planned to launch from Miller’s laptop in his house 10 miles west. Instead, they merely assured me that they wouldn’t do anything life-threatening.
…
Miller and Valasek’s full arsenal includes functions that at lower speeds fully kill the engine, abruptly engage the brakes, or disable them altogether. The most disturbing maneuver came when they cut the Jeep’s brakes, leaving me frantically pumping the pedal as the 2-ton SUV slid uncontrollably into a ditch. The researchers say they’re working on perfecting their steering control—for now they can only hijack the wheel when the Jeep is in reverse. Their hack enables surveillance too: They can track a targeted Jeep’s GPS coordinates, measure its speed, and even drop pins on a map to trace its route.
All of this is possible only because Chrysler, like practically all carmakers, is doing its best to turn the modern automobile into a smartphone. Uconnect, an Internet-connected computer feature in hundreds of thousands of Fiat Chrysler cars, SUVs, and trucks, controls the vehicle’s entertainment and navigation, enables phone calls, and even offers a Wi-Fi hot spot. And thanks to one vulnerable element, which Miller and Valasek won’t identify until their Black Hat talk, Uconnect’s cellular connection also lets anyone who knows the car’s IP address gain access from anywhere in the country. “From an attacker’s perspective, it’s a super nice vulnerability,” Miller says.
Gold Slumps to Five-Year Low, Dollar at Highest in Months
July 20th, 2015Via: Reuters:
Gold prices plunged to their lowest in more than five years on Monday, at one point dropping 4 percent on aggressive selling out of China, while the U.S. dollar hit a three-month high on expectations for higher U.S. interest rates.
Lockheed Martin Buying Sikorsky for $9 Billion
July 20th, 2015Via: Reuters:
Lockheed Martin Corp (LMT.N) has agreed to buy United Technologies Corp’s (UTX.N) Sikorsky Aircraft for over $8 billion, two sources said on Sunday, cementing a deal that would confirm Lockheed’s dominance in weapons making and giving the Black Hawk helicopter to the maker of the F-35 fighter jet.
The deal will add further heft to Lockheed, which already has annual revenues of around $45 billion and dwarves its nearest competitors, the defense business of Boeing Co (BA.N) and Northrop Grumman Corp (NOC.N).
It will make Lockheed less reliant on the $391 billion F-35 fighter jet business, while expanding its overseas sales by adding Sikorsky’s iconic Black Hawk helicopters to a product line that already spans everything from satellites to naval ships.
The Military Built Another Multimillion-Dollar Building in Afghanistan That No One Used
July 20th, 2015Via: ProPublica:
Unlike many buildings commissioned by the U.S. in Afghanistan, the new military warehouse facility in Kandahar was well built, an inspector general investigation concluded.
There was, however, one glaring problem: no one was around to use the gleaming, $14.7 million complex. The four warehouses and an administration building were empty, because the intended occupants, the Defense Logistics Agency, had already ended their mission in Kandahar.
The Army had decided to send DLA home in August 2013, six months before the warehouses were completed. The project, however, “continued uninterrupted,” without any attempts to reevaluate or downsize it, according to a report by the Special Inspector General for Afghanistan Reconstruction, or SIGAR. Instead, the military added $400,000 of modifications to the buildings — knowing DLA would never use it, SIGAR wrote in a report released today.
In the end, the facility finished two years behind schedule and cost $1.2 million more than anticipated.
As combat operations in Afghanistan concluded in 2014, a familiar pattern emerged with the military’s construction projects: They were routinely over budget, past deadline and often never used.


