Lloyd’s of London Pulls Euro Bank Deposits
September 21st, 2011Hmm. What did they do with the money?
Via: Bloomberg:
Lloyd’s of London, concerned European governments may be unable to support lenders in a worsening debt crisis, has pulled deposits in some peripheral economies as the European Central Bank provided dollars to one euro-area institution.
“There are a lot of banks who, because of the uncertainty around Europe, the market has stopped using to place deposits with,” Luke Savage, finance director of the world’s oldest insurance market, said today in a phone interview. “If you’re worried the government itself might be at risk, then you’re certainly worried the banks could be taken down with them.”
European banks and their regulators are trying to reassure investors and customers that lenders have enough capital to withstand a default by Greece and slowing economic growth caused by governments’ austerity measures. Siemens AG (SIE), European’s biggest engineering company, withdrew short-term deposits from Societe Generale SA, France’s second-largest bank, in July, a person with knowledge of the matter said yesterday.
Lloyd’s, which holds about a third of its 2.5 billion pounds ($3.9 billion) of central assets in cash, has stopped depositing money with some banks in Europe’s peripheral economies, Savage said, declining to name the countries or institutions.
BofA, Wells Fargo Downgraded by Moody’s
September 21st, 2011Via: Bloomberg:
Bank of America Corp. (BAC) and Wells Fargo & Co. had their long-term credit ratings downgraded by Moody’s Investors Service, citing a decreasing probability that the U.S. would support the lenders in an emergency. Citigroup Inc.’s short-term rating also was cut.
The government is “more likely now than during the financial crisis to allow a large bank to fail should it become financially troubled, as the risks of contagion become less acute,” Moody’s wrote in statements today on Bank of America and Wells Fargo. While Citigroup may lose backing as well, its stand-alone credit has shown improvement, Moody’s said, confirming the bank’s long-term rating.
U.S. financial companies may lose their too-big-to-fail status as regulators create a system for dismantling large firms that get into financial trouble. Lawmakers have vowed to prevent a repeat of taxpayer-funded bailouts after 2008’s credit crisis.
Germany: ‘Forest Boy’
September 21st, 2011Update: Identified
Via: MSNBC:
Police in Berlin said on Friday they had identified the mysterious “Forest Boy” who turned up in the German capital nine months ago claiming to have lived in woods for several years.
Investigators said a woman in The Netherlands contacted Dutch police, saying she recognized the young man as her 20-year old step-son who had gone missing in September. A report in Die Welt [link in German] identified the “boy” as Robin, from the Dutch municipality of Hengelo.
The woman said she saw a picture that had been issued to the international press on Wednesday by German authorities seeking clues on the mystery man’s identity.
“We are 100 percent certain that he is this 20-year-old boy, because his step-mother positively identified him,” a police spokeswoman told Die Welt.
The boy, who called himself Ray, told authorities he had been living in woods until the death of his father. He said his father told him he was born June 20, 1994 — which would have made him 17 — but claimed not to know his last name or where he was from.
“It turns out that the young man presented a Pinocchio story,” Berlin police spokesman Michael Maass told NBC News.
“We now know that the young man turned 20 in April and was reported missing in the Netherlands by his family last September,” he said.
—End Update—
Via: Sydney Morning Herald:
Psychologists and linguistic experts drafted to help crack the bizarre case of Germany’s ‘forest boy’ as it emerges authorities first turned him away.
All that was certain about the teenage boy who walked into Berlin City Hall was that he spoke perfect English.
‘‘I’m all alone in the world, I don’t know who I am. Please help me,’’ he told the security guards.
He went on to claim that he had been living rough with his father in a German forest for five years, that his father had recently died and that he had walked to Berlin in the hope of finding shelter.
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Two weeks on and German police are still baffled as to the true identity of the boy, who is now being cared for by social services.
Police told The Telegraph they had consulted several psychologists and linguistic experts but were no closer to establishing his nationality. Interpol is also on the case. They are pinning their hopes on the discovery of his father’s body, which the boy said he had buried in the forest and could provide important fingerprint clues.
“We have tried psychologists – as a means of getting more information from him – but without success,” confirmed Klaus Shubert, a Berlin police spokesman.
“We just don’t know if he’s British or from elsewhere,” said Mr Schubert. “He speaks English but it seems his accent is hard to pin down.”
SSL Broken
September 21st, 2011SSL… that’s ok for buying a book online, but no tinfoiler in his right mind would bet his life on SSL.
Turns out, the part about it being ok for buying a book online was too optimistic. Haha.
Via: Register:
Researchers have discovered a serious weakness in virtually all websites protected by the secure sockets layer protocol that allows attackers to silently decrypt data that’s passing between a webserver and an end-user browser.
The vulnerability resides in versions 1.0 and earlier of TLS, or transport layer security, the successor to the secure sockets layer technology that serves as the internet’s foundation of trust. Although versions 1.1 and 1.2 of TLS aren’t susceptible, they remain almost entirely unsupported in browsers and websites alike, making encrypted transactions on PayPal, GMail, and just about every other website vulnerable to eavesdropping by hackers who are able to control the connection between the end user and the website he’s visiting.
At the Ekoparty security conference in Buenos Aires later this week, researchers Thai Duong and Juliano Rizzo plan to demonstrate proof-of-concept code called BEAST, which is short for Browser Exploit Against SSL/TLS. The stealthy piece of JavaScript works with a network sniffer to decrypt encrypted cookies a targeted website uses to grant access to restricted user accounts. The exploit works even against sites that use HSTS, or HTTP Strict Transport Security, which prevents certain pages from loading unless they’re protected by SSL.
The demo will decrypt an authentication cookie used to access a PayPal account, Duong said.
Nanoparticles Cause Brain Injury in Fish
September 21st, 2011Via: Science Daily:
Scientists at the University of Plymouth have shown, for the first time in an animal, that nanoparticles have a detrimental effect on the brain and other parts of the central nervous system.
They subjected rainbow trout to titanium oxide nanoparticles which are widely used as a whitening agent in many products including paints, some personal care products, and with applications being considered for the food industry. They found that the particles caused vacuoles (holes) to form in parts of the brain and for nerve cells in the brain to die. Although some effects of nanoparticles have been shown previously in cell cultures and other in vitro systems this is the first time it has been confirmed in a live vertebrate.
The results will be presented at the “6th International meeting on the Environmental Effects on Nanoparticles and Nanomaterials” (21st — 23rd September) at the Royal Society in London.
U.S. Assembling Drone Bases in Africa, Arabian Peninsula
September 21st, 2011Via: Washington Post:
The Obama administration is assembling a constellation of secret drone bases for counterterrorism operations in the Horn of Africa and the Arabian Peninsula as part of a newly aggressive campaign to attack al-Qaeda affiliates in Somalia and Yemen, U.S. officials said.
One of the installations is being established in Ethiopia, a U.S. ally in the fight against al-Shabab, the Somali militant group that controls much of that country. Another base is in the Seychelles, an archipelago in the Indian Ocean, where a small fleet of “hunter-killer” drones resumed operations this month after an experimental mission demonstrated that the unmanned aircraft could effectively patrol Somalia from there.
The U.S. military also has flown drones over Somalia and Yemen from bases in Djibouti, a tiny African nation at the junction of the Red Sea and the Gulf of Aden. In addition, the CIA is building a secret airstrip in the Arabian Peninsula so it can deploy armed drones over Yemen.
The rapid expansion of the undeclared drone wars is a reflection of the growing alarm with which U.S. officials view the activities of al-Qaeda affiliates in Yemen and Somalia, even as al-Qaeda’s core leadership in Pakistan has been weakened by U.S. counterterrorism operations.
The U.S. government is known to have used drones to carry out lethal attacks in at least six countries: Afghanistan, Iraq, Libya, Pakistan, Somalia and Yemen. The negotiations that preceded the establishment of the base in the Republic of Seychelles illustrate the efforts the United States is making to broaden the range of its drone weapons.
Related: A Future for Drones: Automated Killing
Rumsfeld Stripped of Immunity in Case Involving Torture of U.S. Citizens
September 21st, 2011Via: USC – Neon Tommy:
Former Secretary of Defense Donald Rumsfeld was stripped of immunity in a case involving the torture of two United States citizens.
Two FBI informants, Donald Vance and Nathan Ertel, were detained and tortured by United States military personnel in Iraq in 2006. They filed suit against Former Secretary of Defense Donald Rumsfeld for violations of their constitutional rights. The Judicial View states:
“Plaintiffs seek damages from Secretary Rumsfeld and others for their roles in creating and carrying out policies that caused plaintiffs’ alleged torture. Plaintiffs also bring a claim against the United States under the Administrative Procedure Act to recover personal property that was seized when they were detained.”
Rumsfeld and the United States government moved to dismiss the charges, and were denied. The plaintiffs relayed “in sufficient detail facts supporting Secretary Rumsfeld’s personal responsibility for the alleged torture.”
OnStar Begins Spying On Customers’ GPS Location for Profit
September 21st, 2011Update: OnStar Reverses Decision to Change Terms and Conditions
Via: GM:
OnStar announced today it is reversing its proposed Terms and Conditions policy changes and will not keep a data connection to customers’ vehicles after the OnStar service is canceled.
OnStar recently sent e-mails to customers telling them that effective Dec. 1, their service would change so that data from a customer vehicle would continue to be transmitted to OnStar after service was canceled – unless the customer asked for it to be shut off.
“We realize that our proposed amendments did not satisfy our subscribers,” OnStar President Linda Marshall said. “This is why we are leaving the decision in our customers’ hands. We listened, we responded and we hope to maintain the trust of our more than 6 million customers.”
—End Update—
Via: Jonathan Zdziarski:
I canceled the OnStar subscription on my new GMC vehicle today after receiving an email from the company about their new terms and conditions. While most people, I imagine, would hit the delete button when receiving something as exciting as new terms and conditions, being the nerd sort, I decided to have a personal drooling session and read it instead. I’m glad I did. OnStar’s latest T&C has some very unsettling updates to it, which include the ability to sell your personal GPS location information, speed, safety belt usage, and other information to third parties, including law enforcement. To add insult to a slap in the face, the company insists they will continue collecting and selling this personal information even after you cancel your service, unless you specifically shut down the data connection to the vehicle after canceling.
…
Anonymized GPS data? There’s no such thing! We’ve all seen this before – anonymized searches, for example, that were not-so-quite anonymized. But in this case, it’s impossible to anonymize GPS data! If your vehicle is consistently parked at your home, driving down your driveway, or taking a left or right turn onto your street, its pretty obvious that this is where you live! It’s like trying to say that someone’s Google Map lookup from their home is “anonymized” because it doesn’t have their name on it. It still shows where they live! What’s unique even more-so to OnStar is that the data they claim they sell as part of their business model is useless unless it’s specific; that is, not diluted to the nearest 10 mile radius, etc. This combination of analytics, and their prospective customers (law enforcement, marketers, etc) requires the data be disturbingly precise. Anyone armed with Google can easily do a phone book or public records search to find the name and address that resides at any given GPS coordinate.
Research Credit: BM
More than 4.2 Million People Have U.S. Government Security Clearances
September 20th, 2011Ha. That’s about as many people with security clearances as the population of New Zealand.
Via: Washington Post:
More than 4.2 million people have security clearances for access to classified information, a number that vastly outstrips previous estimates and nearly rivals the population of metropolitan Washington.
The number was disclosed in a new report that was mandated by Congress and marks the first time that the government has produced a detailed accounting of the clearances issued to federal, military and contract employees.
The official count is so much greater than previous estimates that it caught security experts off-guard. Steven Aftergood of the Federation of American Scientists said the new total is an “astonishingly large figure” and “another reminder of how quickly the national security bureaucracy has expanded over the past decade.”
Aftergood noted in his blog that just two years ago the Government Accountability Office estimated that about 2.4 million people held clearances. The Washington region’s overall population is just under 5.5 million.
The vast majority of clearance holders are federal employees or members of the U.S. armed services. But more than a million contractors also have access to classified information. Remarkably, nearly as many contractors hold top secret clearances (524,990) as do federal workers (666,008).
A Future for Drones: Automated Killing
September 20th, 2011Via: Washington Post:
One afternoon last fall at Fort Benning, Ga., two model-size planes took off, climbed to 800 and 1,000 feet, and began criss-crossing the military base in search of an orange, green and blue tarp.
The automated, unpiloted planes worked on their own, with no human guidance, no hand on any control.
After 20 minutes, one of the aircraft, carrying a computer that processed images from an onboard camera, zeroed in on the tarp and contacted the second plane, which flew nearby and used its own sensors to examine the colorful object. Then one of the aircraft signaled to an unmanned car on the ground so it could take a final, close-up look.
Target confirmed.
This successful exercise in autonomous robotics could presage the future of the American way of war: a day when drones hunt, identify and kill the enemy based on calculations made by software, not decisions made by humans. Imagine aerial “Terminators,” minus beefcake and time travel.
The Fort Benning tarp “is a rather simple target, but think of it as a surrogate,” said Charles E. Pippin, a scientist at the Georgia Tech Research Institute, which developed the software to run the demonstration. “You can imagine real-time scenarios where you have 10 of these things up in the air and something is happening on the ground and you don’t have time for a human to say, ‘I need you to do these tasks.’ It needs to happen faster than that.”
The demonstration laid the groundwork for scientific advances that would allow drones to search for a human target and then make an identification based on facial-recognition or other software. Once a match was made, a drone could launch a missile to kill the target.


