NAB Computer Debacle Finally Fixed

November 30th, 2010

*shaking head*

Via: PerthNow:

THE last of millions of National Australia Bank (NAB) customers left cashless and embarrassed by a massive computing failure have had their accounts restored.

NAB said today that the remaining 19,155 affected customers could now access money in their accounts – six days after the debacle began.

Accounts are all up to date, the bank says.

“This means that all customers are now able to transact as normal,” NAB said in a statement.

“NAB again wants to extend our sincerest apologies and thanks to our customers for their ongoing patience and understanding as we have worked to resolve these issues.”

Yesterday, NAB said nearly all of its customers had had their accounts restored and the remaining 19,155 would be fixed throughout the day.

Chaos erupted late on Wednesday when a corrupted computer file crippled NAB’s payment system, leaving affected customers without their pay until as late yesterday.


Bond Sales Tumbling in Worst Month Since Lehman Aftermath

November 30th, 2010

Via: Bloomberg:

Corporate bond sales worldwide are tumbling on concern Ireland’s debt crisis will spread across Europe as returns on the notes approach their worst month since credit markets froze two years ago.


Continuing to Monitor Euro Mess

November 30th, 2010

Gold and the dollar are up sharply together this morning on the expanding freak out in Europe.

Via: Reuters:

The euro zone’s debt crisis deepened on Tuesday as investors pushed the spreads on Spanish, Italian and Belgian bonds to euro lifetime highs and Portugal warned of “intolerable risks” facing its banks.

The euro dipped below $1.30 for the first time since mid-September, immune to new attempts by European policymakers to calm markets hell-bent on testing the EU’s determination to shield its financially weak members and increasingly nervous about the possibility of future euro zone defaults.

Two days after the bloc approved an 85 billion euro ($111.7 billion) emergency aid package for Ireland, worries about contagion to Portugal and Spain persisted and the borrowing costs of large countries like Italy and France shot higher.

…

Markets are already discounting an eventual rescue of Portugal although the government in Lisbon denies, as Irish leaders initially did, that the country needs outside aid.

While a Portuguese rescue would be manageable, assistance for its larger neighbour Spain would sorely test EU resources, raise deeper questions about the integrity of the 12-year old currency area, and possibly spread contagion beyond Europe.

Italy, the euro zone’s third largest economy, is now being referred to as “too big to fail” and “too big to bail”.


COMCAST DEMANDS PAYMENTS FROM LEVEL 3 TO DELIVER CONTENT TO ENDUSERS

November 30th, 2010

Grim.

Via: Level 3 Communications:

Level 3 Communications, Inc. (NASDAQ: LVLT) today issued the following statement, which can be attributed to Thomas Stortz, Chief Legal Officer of Level 3:

“On November 19, 2010, Comcast informed Level 3 that, for the first time, it will demand a recurring fee from Level 3 to transmit Internet online movies and other content to Comcast’s customers who request such content. By taking this action, Comcast is effectively putting up a toll booth at the borders of its broadband Internet access network, enabling it to unilaterally decide how much to charge for content which competes with its own cable TV and Xfinity delivered content. This action by Comcast threatens the open Internet and is a clear abuse of the dominant control that Comcast exerts in broadband access markets as the nation’s largest cable provider.

“On November 22, after being informed by Comcast that its demand for payment was ‘take it or leave it,’ Level 3 agreed to the terms, under protest, in order to ensure customers did not experience any disruptions.

“Level 3 operates one of several broadband backbone networks, which are part of the Internet and which independent providers of online content use to transmit movies, sports, games and other entertainment to consumers. When a Comcast customer requests such content, for example an online movie or game, Level 3 transmits the content to Comcast for delivery to consumers.

“Level 3 believes Comcast’s current position violates the spirit and letter of the FCC’s proposed Internet Policy principles and other regulations and statutes, as well as Comcast’s previous public statements about favoring an open Internet.

“While the network neutrality debate in Washington has focused on what actions a broadband access provider might take to filter, prioritize or manage content requested by its subscribers, Comcast’s decision goes well beyond this. With this action, Comcast is preventing competing content from ever being delivered to Comcast’s subscribers at all, unless Comcast’s unilaterally-determined toll is paid – even though Comcast’s subscribers requested the content. With this action, Comcast demonstrates the risk of a ‘closed’ Internet, where a retail broadband Internet access provider decides whether and how their subscribers interact with content.

“It is our hope that Comcast’s senior management, for whom we have great respect, will closely consider their position on this issue and adopt an approach that will better serve Comcast and Comcast’s customers.

“While Comcast’s position is regrettable, Level 3 remains open and willing to work through these issues with Comcast. However, Level 3 does not seek any ‘special deals’ or arrangements not generally available to other Internet backbone companies.

“Given Comcast’s currently stated position, we are approaching regulators and policy makers and asking them to take quick action to ensure that a fair, open and innovative Internet does not become a closed network controlled by a few institutions with dominant market power that have the means, motive and opportunity to economically discriminate between favored and disfavored content.“


Rio Violence Creeps Toward the Beach

November 29th, 2010

Update: Big Picture Gallery: Rio’s Drug War

Via: Boston Globe – Big Picture:

A small war took place last week in Rio de Janeiro, Brazil, between Brazilian forces and hundreds of drug traffickers holed up in the shantytown complex dubbed Complexo do Alemão. After recent efforts by officials to pacify Rio’s drug and gang-related violence ahead of the upcoming the 2014 World Cup and the 2016 Olympics Games, drug gangs struck out last week – attacking police stations and staging mass robberies. After days of preparation, Brazilian security forces launched a raid in the Complexo do Alemão, where between 500 and 600 drug traffickers were holed up. At least 42 people were killed in the violence last week, with security forces taking control of many neighborhoods. A relatively low number of arrests were made, and authorities warn of further conflict as continue to flush out more suspects in Rio’s maze of favelas.

—End Update—

Via: BBC:

Police and gang members have clashed in the Brazilian city of Rio de Janeiro for a fourth day, despite further raids by security forces.

At least 15 people were reported killed on Wednesday as police sought to quell the wave of gang violence.

Heavily armed men continued to stop cars and buses, rob passengers and set vehicles alight, police said.

Officials say drug traffickers are fighting back against police operations aimed at pacifying city slums.

“There are groups of criminals who have been installed here for 20, 30 years, and they might not want to give up,” said Rio state public safety director Jose Beltrame.

…

At first glance it seems to be life as normal on the famous beaches of Copacabana and Ipanema.

But at some of the top hotels, sightseeing trips to the favelas are no longer available. Taxi drivers have seemed noticeably tenser in the past 24 hours.

Since being in Rio I have witnessed prostitution and petty thefts on Copacabana beach.

But on Tuesday night things took on a totally different aspect, with armoured vehicles and camouflaged police out in force.

Drugs gangs have been evicted from many of the favelas and police stations have been established. The gangs are now showing the law enforcers that they have not gone away.

Now some of the recent attacks have spilled into wealthier areas closer to the beach.

“The scary part is that now it is getting close to us,” said Olga Silveira, shopping in the wealthy Ipanema neighbourhood.


And Now… “Broad Sacrifice”

November 29th, 2010

Via: Bloomberg:

President Barack Obama proposed freezing the pay of federal civilian employees this year and next as part of an effort to bring the budget deficit under control.

The freeze would hit all civilian workers in the government, including those at the Department of Defense. Military personnel wouldn’t be affected. The move would save about $2 billion for the rest of fiscal 2011 and more than $60 billion over the next decade, according to the White House.

Getting the deficit under control will require broad sacrifice and “that sacrifice must be shared by the employees of the federal government,” Obama said today in Washington.


Iran Admits Uranium Enrichment Centrifuges Hit by Malware

November 29th, 2010

Via: AFP:

President Mahmoud Ahmadinejad admitted Monday that “several” uranium enrichment centrifuges were damaged by “software installed in electronic equipment,” amid speculation Iran’s nuclear activities had come under cyberattack.

“They were able to create problems on a limited basis for some of our centrifuges by software installed in electronic equipment,” Ahmadinejad told reporters when asked whether Iran’s nuclear programme had been affected.

“Our specialists stopped that and they will not be able to do it again,” he added without elaborating on the software thought to have been used.

Computer security firm Symantec said this month that computer worm Stuxnet might have been designed to disrupt the motors that power gas centrifuges used to enrich uranium.


Cost to Insure Spanish and Portuguese Government Debt Still Rising

November 29th, 2010

Via: Guardian:

The cost of insuring Spanish and Portuguese government debt hit record levels this morning as the €85bn Irish bailout failed to calm the financial markets.

An early share rally also quickly ran out of steam, amid fears that the eurozone crisis will spread.

Credit default swaps (CDS) – the contracts used to insure government debt against collapse – showed that the financial markets still had little confidence that some countries would avoid bailout, or default.

The five-year Portuguese CDS – which insures Portugal’s debt until 2015 – jumped by 45 basis points this morning to 545 bps, a record high. This followed an underwhelming auction of €5.5bn of Italian debt this morning.

Nouriel Roubini, economics professor and chairman of Roubini Global Economics, believes that the Lisbon government should seek a rescue deal quickly.

“Like it or not, Portugal is reaching the critical point,” Roubini told Portuguese newspaper Diario Economico. “Perhaps it could be a good idea to ask for a bailout in a preventative manner.”

The Spanish five-year CDS also hit a new all-time high of 350 basis points, up 43bps. Italian, Hungarian and Polish CDS all rose, while the cost of insuring Irish and Greek government bonds against default fell slightly.


Boeing to Mass-Produce Record-Breaking 39.2 Percent Efficiency Solar Cell

November 29th, 2010

“Mass-produce” in this context probably means for use in utility scale concentrator-type applications.

Via: Gizmag:

When it comes to solar cells, everyone is chasing the highest conversion efficiency. Although we’ve seen conversion efficiencies of over 40 percent achieved with multi-junction solar cells in lab environments, Boeing subsidiary Spectrolab is bringing this kind of efficiency to mass production with the announcement of its C3MJ+ solar cells which boast an average conversion efficiency of 39.2 percent.


Federal Magistrate Orders CIA to Produce MKULTRA Records

November 29th, 2010

Via: Washington Post:

The CIA is notorious for its Cold War-era experiments with LSD and other chemicals on unwitting citizens and soldiers. Details have emerged in books and articles beginning more than 30 years ago.

But if military veterans have their way in a California law suit, the spy agency’s quest to turn humans into robot-like assassins via electrodes planted in their brains will get far more exposure than the drugs the CIA tested on subjects ranging from soldiers to unwitting bar patrons and the clients of prostitutes.

It’s not just science fiction — or the imaginings of the mentally ill.

In 1961, a top CIA scientist reported in an internal memo that “the feasibility of remote control of activities in several species of animals has been demonstrated…Special investigations and evaluations will be conducted toward the application of selected elements of these techniques to man,” according to “The CIA and the Search for the Manchurian Candidate,” a 1979 book by former State Department intelligence officer John Marks.

“[T]his cold-blooded project,” Marks wrote, “was designed … for the delivery of chemical and biological agents or for ‘executive action-type operations,’ according to a document. ‘Executive action’ was the CIA’s euphemism for assassination.”

The CIA pursued such experiments because it was convinced the Soviets were doing the same.

Victims have sought justice for years, in vain. Now, almost 40 years later, a federal magistrate has ordered the CIA to produce records and witnesses about the LSD and other experiments “allegedly conducted on thousands of soldiers from 1950 through 1975,” according to news accounts.

U.S. Magistrate Judge John Larsen’s Nov. 17 order exempted the agency from having to testify about electrode tests on humans, but Gordon P. Erspamer, lead attorney for the veterans, says “we are pursuing this as well.”

…

Papers filed in the case describe “electrical devices implanted in brain tissue with electrodes in various regions, including the hippocampus, the hypothalamus, the frontal lobe (via the septum), the cortex and various other places,” Erspamer said, drawing on [research papers] (http://media.washingtonpost.com/wp-srv/politics/documents/spytalkheathdocument.pdf) written by government scientists.

“We believe that one of our plaintiffs was given a septal implant at [Edgewood Arsenal] (www.edgewoodtestvets.org),” he said, based on an MRI he has “showing a ‘foreign body’ on the border between the septum and the frontal lobe.”

“A lot of this work was done out of Tulane University using a local state hospital and funding from a cut-out (front) organization called the Commonwealth Fund,” he continued, again drawing on the research papers.

“We tried to get docs from Tulane, but they told us that they were destroyed in the hurricane flooding.”

The CIA claims that at least some of the documents should remain classified as “state secrets.” But Magistrate Larson told the agency to come back with a better rationale, a “supplemental declaration explaining with heightened specificity” why the documents should be protected after all these years.


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