Scottish Power to Raise Price of Domestic Gas by 19% and Electricity by 10%
June 8th, 2011Via: Guardian:
Scottish Power is to raise the price of domestic gas and electricity bills by 19% and 10% respectively from August 2011, blaming the increases on a rise in wholesale energy costs and volatility in global energy markets.
The rise, which will affect 2.4m households and add £175 a year – or 48p a day – to the average dual fuel customer’s bill, was described as a “body blow for consumers” by Consumer Focus.
Scottish Power, which last increased prices in November 2010 – raising gas bills by 2% and electricity by 8.9% – said it will notify customers from 11 June, giving them at least 30 days’ notice before the price change is due to take effect.
Raymond Jack, Scottish Power’s UK retail director, said: “Wholesale prices for gas and electricity have increased significantly since the end of last year, and continuing unrest in global energy markets means future prices are volatile. We understand times are difficult for many people, and we have done what we can to absorb these additional costs for as long as possible to minimise the impact on our customers.
“The rising burden of non-energy costs faced by Britain’s energy suppliers – including the cost of meeting government environmental and social programmes and the cost of distributing electricity on the national grid – has also placed further upward pressure on energy bills.”
But the energy provider was blasted by consumer groups who believe its move could prompt a wave of further price rises from the other “big five” energy providers just months after last winter’s price rises.
Audrey Gallacher, head of energy at Consumer Focus, said: “This huge increase will be a body blow for consumers, and we fear other firms will follow Scottish Power’s lead. Companies have been softening customers up for price rises for months, but customers will shocked at the scale of this rise.
“We know suppliers like the comfort of the pack and that price rises come in waves. Every household in the country will now be bracing themselves for impact.”
California: SWAT Team Breaks Into Home, Detains Family Over Student Loan Default
June 8th, 2011Update: Questions, Questions
News10 dissappeared the first story about this.
Via: News10:
A federal education official Wednesday morning offered little information as to why federal agents raided a Stockton man’s home Tuesday.
The resident, Kenneth Wright, does not have a criminal record and he had no reason to believe why what he thought was a S.W.A.T team would be breaking down his door at 6 in the morning.
“I look out of my window and I see 15 police officers,” Wright said.
As Wright came downstairs in his boxer shorts, he said the officers barged through his front door. Wright said an officer grabbed him by the neck and led him outside on his front lawn.
“He had his knee on my back and I had no idea why they were there,” Wright said.
According to Wright, officers also woke his three young children, ages 3, 7, and 11, and put them in a Stockton police patrol car with him. Officers then searched his house.
“They put me in handcuffs in that hot patrol car for six hours, traumatizing my kids,” Wright said.
As it turned out, the person law enforcement was looking for – Wright’s estranged wife – was not there.
Wright said he later went to Stockton Mayor Ann Johnston and Stockton Police Department, but learned the city of Stockton had nothing to do with the search warrant.
U.S. Department of Education spokesman Justin Hamilton confirmed for News10 Wednesday morning federal agents with the Office of the Inspector General (OIG), not local S.W.A.T., served the search warrant. Hamilton would not say specifically why the raid took place except that it was part of an ongoing criminal investigation.
Hamilton said the search was not related to student loans in default as reported in the local media.
—End Update—
Via: 10News:
Kenneth Wright does not have a criminal record and he had no reason to believe a S.W.A.T team would be breaking down his door at 6 a.m. on Tuesday.
“I look out of my window and I see 15 police officers,” Wright said.
Wright came downstairs in his boxer shorts as the officers team barged through his front door. Wright said an officer grabbed him by the neck and led him outside on his front lawn.
“He had his knee on my back and I had no idea why they were there,” Wright said.
According to Wright, officers also woke his three young children ages 3, 7, and 11, and put them in a Stockton police patrol car with him. Officers then searched his house.
As it turned out, the person law enforcement was looking for was not there – Wright’s estranged wife.
“They put me in handcuffs in that hot patrol car for six hours, traumatizing my kids,” Wright said.
Wright said he later went to the mayor and Stockton Police Department, but the City of Stockton had nothing to do with Wright’s search warrant.
The U.S. Department of Education issued the search and called in the S.W.A.T for his wife’s defaulted student loans.
Bank Not Responsible for Letting Hackers Steal $300K from Customer
June 8th, 2011Via: Wired:
A judge in Maine has ruled that a bank that allowed hackers to steal more than $300,000 from a customer’s online account isn’t responsible for the lost money, saying the customer should have done more to protect the account credentials.
Magistrate Judge John Rich sided with Ocean Bank in recommending that the U.S. District Court in Maine grant the bank’s motions for a summary dismissal of a complaint filed by Patco Construction Company. The ruling was reported Monday by BankInfoSecurity.
The case raises questions about how much security banks and other financial institutions should be reasonably required to provide commercial customers and could set a precedent for liability in circumstances where customer systems are hacked and banking credentials are stolen. Small and medium-sized businesses around the U.S. have lost hundreds of millions of dollars in recent years to such activity, known as fraudulent ACH (Automated Clearing House) transfers.
Patco Construction Company, a family-owned business in Sanford Maine, sued Ocean Bank, which is owned by People’s United Bank, after discovering in May 2009 that hackers were siphoning about $100,000 per day from its online bank account. The hackers had sent a malicious email to employees that allowed them to surreptitiously install the Zeus password-stealing trojan on an employee computer.
After obtaining Patco’s banking credentials and waiting for its account to fill up with money, the hackers used the credentials to initiate a series of electronic money transfers. Nearly $600,000 in transfers were made out of the account before Patco realized it had been hacked. Ocean Bank, after being notified of the fraud, was able to block about $240,000 in transfers. But Patco was unable to retrieve the rest.
Patco sued the bank for failing to notice the fraudulent activity and stop it. According to Patco, the out-of-character transactions triggered alarms inside the bank, but the bank didn’t notice them and let the transfers go through. Patco also accused the bank of failing to implement “best” security practices by requiring customers to use multi-factor authentication.
Research Credit: John Glenn
Facebook Quietly Switches On Facial Recognition Tech By Default
June 8th, 2011Via: Register:
Facebook has rolled out its facial recognition technology to countries outside of the US, but has switched the feature on by default without telling its users first.
UK-based security expert Graham Cluely noted earlier today that Facebook had slotted the tech into the social network.
The Mark Zuckerberg-run company started using its facial recognition software in December last year for its Stateside users in a move to automatically provide tags for the photos uploaded by Facebook users.
The tech works by scanning newly uploaded pics and then identifies faces from previously tagged photos already stored in Zuckerberg’s internet silo.
When the software was introduced in the US late last year, Facebook pointed out that users could disable the function.
“If for any reason you don’t want your name to be suggested, you will be able to disable suggested tags in your Privacy Settings,” the company wrote on its blog post last December.
But now that the tech has reached other shores, Facebook clearly didn’t feel the need to alert its international stalkerbase that its facial recognition software had been switched on by default within the social network.
Research Credit: eo
Lehman Could Escape with Just a Public Rebuke
June 7th, 2011Via: New Zealand Herald / Bloomberg:
United States Securities and Exchange Commission investigators may issue a public rebuke of Lehman Brothers Holdings and its former executives instead of suing them for actions that led to the firm’s 2008 failure, say three people with knowledge of the matter.
SEC enforcement lawyers, who have struggled for more than two years to find definitive evidence that the company and its leaders violated securities laws, are concerned that a legal attack on Lehman’s accounting practices would likely fail, the people said, speaking anonymously.
Instead, the enforcement staff may recommend that the agency take the rare step of publishing a so-called report of investigation, also known as a 21(a) report.
U.S. Funding for Future Promises Lags by Trillions
June 7th, 2011Via: USA Today:
The federal government’s financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY analysis shows.
The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for.
This gap between spending commitments and revenue last year equals more than one-third of the nation’s gross domestic product.
Medicare alone took on $1.8 trillion in new liabilities, more than the record deficit prompting heated debate between Congress and the White House over lifting the debt ceiling.
…
Corporations would be required to count these new liabilities when they are taken on — and report a big loss to shareholders. Unlike businesses, however, Congress postpones recording spending commitments until it writes a check.
The $61.6 trillion in unfunded obligations amounts to $534,000 per household. That’s more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises.
Dollar Index at 1-Month Low
June 7th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument.
The U.S. Dollar Index is working its way down again. A break below 72.696 sets up a try for the strategic 70.792 level.
The index is at 73.581 right now.
Via: Reuters:
The dollar fell to a one-month low against a basket of currencies on Tuesday and a record low against the Swiss franc after a Chinese official said the greenback would continue to weaken versus other major currencies.
The head of the international payment department at the Chinese forex regulator also warned about the risks of excessive holdings of U.S. dollars.
Doctors Will Launch Court Fight if Dr. David Kelly Inquest Demand Turned Down
June 7th, 2011Apologies for the Daily Mail link.
Via: Daily Mail:
A group of doctors is preparing to mount a legal challenge if the Attorney General this week refuses an inquest into the death of weapons inspector Dr David Kelly.
Dominic Grieve, who has spent nine months considering the case for a new inquiry, is expected to announce his decision on Thursday.
Campaigners are braced for him to deliver a ‘No’ verdict after Prime Minister David Cameron said last month he did not want the Kelly files re-opened.
If this happens, the doctors – who have unearthed mountains of evidence which casts doubt on the Hutton Inquiry verdict of suicide – will lodge an immediate judicial review. The Attorney General would then have to justify his decision in the High Court.
North China Is Dying
June 7th, 2011Via: New York Times:
North China is dying.
A chronic drought is ravaging farmland. The Gobi Desert is inching south. The Yellow River, the so-called birthplace of Chinese civilization, is so polluted it can no longer supply drinking water. The rapid growth of megacities — 22 million people in Beijing and 12 million in Tianjin alone — has drained underground aquifers that took millenniums to fill.
Not atypically, the Chinese government has a grand and expensive solution: Divert at least six trillion gallons of water each year hundreds of miles from the other great Chinese river, the Yangtze, to slake the thirst of the north China plain and its 440 million people.
The engineering feat, called the South-North Water Diversion Project, is China’s most ambitious attempt to subjugate nature. It would be like channeling water from the Mississippi River to meet the drinking needs of Boston, New York and Washington. Its $62 billion price tag is twice that of the Three Gorges Dam, which is the world’s largest hydroelectric project. And not unlike that project, which Chinese officials last month admitted had “urgent problems,” the water diversion scheme is increasingly mired in concerns about its cost, its environmental impact and the sacrifices poor people in the provinces are told to make for those in richer cities.
The Gitmo No One Talks About
June 7th, 2011Via: Salon:
President Obama has presided over a threefold increase in the number of detainees being held at the controversial military detention center at Bagram Air Base, the Afghan cousin of the notorious prison at the Guantanamo Bay Naval Base in Cuba. It’s the latest piece of news that almost certainly would be getting more attention — especially from Democrats — if George W. Bush were still president.
There are currently more than 1,700 detainees at Bagram, up from over 600 at the end of the Bush administration.
The situation at Bagram, especially the legal process that determines whether detainees are released, is the subject of a new report by Human Rights First. It finds that the current system of hearings for detainees “falls short of the requirements of international law” because they are not given “an adequate opportunity to defend themselves against charges that they are collaborating with insurgents and present a threat to U.S. forces.” Human Rights First also argues that cases of unjustified imprisonment are damaging the broader war effort by undermining Afghans’ trust in the military
I spoke to the author of the report, Daphne Eviatar, a senior associate in the law and security program at Human Rights First who traveled to Bagram to observe the situation first-hand.


