Dec 01

Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama (ZeroHedge):

debt to the penny Dec 2014

It also means that total US debt to nominal GDP as of Sept 30, which was $17.555 trillion, is now 103%. Keep in mind this GDP number was artificially increased by about half a trillion dollars a year ago thanks to the “benefit” of R&D and intangibles. Without said definitional change, debt/GDP would now be about 106%.

It also means that total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently.

And now we wait for the US to become Spain, and add the estimated “contribution” from hookers and blow to GDP, once again pushing the total debt/GDP ratio below the psychological 100% level.

- Obama Reverses Policy As US-Turkey Set To Agree On Syrian No-Fly-Zone (ZeroHedge):

With the apparent goal of ‘protecting civilians’ from ISIS and Syria’s al-Assad, the US and Turkey appear to be close to agreeing on the creation of a no-fly-zone along a portion of the Syrian border. As WSJ reports, U.S. and Turkish officials have narrowed their differences over a joint military mission in Syria that would give the U.S. and its coalition partners permission to use Turkish air bases to launch strike operations against Islamic State targets across northern Syria. The no-fly-zone would provide sanctuary to Western-backed opposition forces and refugees. As Bloomberg notes, this is a significant reversal of Obama’s earlier policy (fearing it would be a significant strain on the U.S. Air Force and put fliers in mortal danger) pushing US closer to outright proxy war with Russia via direct confrontation with al-Assad’s airforce. 

russia-national-defence-center.si
NDCC war room. Computer simulation. Image by Defence Ministy

- Russia launches ‘wartime government’ HQ in major military upgrade (RT):

Russia is launching a new national defense facility, which is meant to monitor threats to national security in peacetime, but would take control of the entire country in case of war.

The new top-security, fortified facility in Moscow includes several large war rooms, a brand new supercomputer in the heart of a state-of-the-art data processing center, underground facilities, secret transport routes for emergency evacuation and a helicopter pad, which was deployed for the first time on Nov. 24 on the Moscow River. The Defense Ministry won’t disclose the price tag for the site, but it is estimated at the equivalent of several billion dollars.

- BREAKING: Germany’s international broadcaster Deutsche Welle (DW) Reports ISIS Supply Lines Originate in NATO’s Turkey (Land Destroyer Report):

ermany’s international broadcaster Deutsche Welle (DW) published a video report of immense implications – possibly the first national broadcaster in the West to admit that the so-called “Islamic State” (ISIS) is supplied not by “black market oil” or “hostage ransoms” but billions of dollars worth of supplies carried into Syria across NATO member Turkey’s borders via hundreds of trucks a day.

The report titled, “‘IS’ supply channels through Turkey,” confirms what has been reported by geopolitical analysts since at least as early as 2011 – that NATO member Turkey has allowed a torrent in supplies, fighters, and weapons to cross its borders unopposed to resupply ISIS positions inside of Syria.

In one surreal scene from the DW report, anti-Syria terrorists are seen walking across the border and literally shot dead just on the other side by Kurdish fighters.

Local residents and merchants interviewed by Germany’s DW admitted that commerce with Syria benefiting them had ended since the conflict began and that the supplies trucks carry as they stream across the border originates from “western Turkey.” The DW report does not elaborate on what “western Turkey” means, but it most likely refers to Ankara, various ports used by NATO, and of course NATO’s Incirlik Air Base.

ISIS Menace Was NATO All Along 

- Flu vaccine kills 13 in Italy; death toll rises (Natural News):

A flu vaccine manufactured by Novartis is killing people in Italy, with the death toll now rising to 13 people according to a reports from The Age, News.com and WAtoday.com.au. [1] [2] [3]

“The number of people who have died in Italy after being administered a flu vaccine made by Swiss pharmaceutical company Novartis has risen to 13,” say reports.

The deaths occurred “within 48 hours of being administered the [vaccine]” and Italian health authorities have issued a partial ban on the vaccination batches believed to be causing the fatalities.

- It Wasn’t The Swiss: Continuing Plunge In GOFO Means No Easing Of Worst Gold Shortage In Over A Decade (ZeroHedge):

Yesterday, when we commented on what was largely a pre-determined outcome of the Swiss gold referendum, we said that there still “is the question of what happens to the tension in the gold swap market: as noted last week, the 1 Month GOFO rate had tumbled to the most negative in over a decade. It was not clear if this collateral gold squeeze was the result of Swiss referendum overhang or due to other reasons. The market’s reaction on Monday should answer those questions.”

Well, a few hours ago we got the GOFO update for the “day after” and the answer is clear: it wasn’t fear of the Swiss referendum after all because the 1 Month GOFO just crashed even deeper into negative territory with the entire curve through 6M now red, and with 12 month GOFO just 0.6 bps away from negative for the first time. At this rate, tomorrow’s update will suggest that big institutions expect the gold swap shortage to persist through the end of 2015!

Also, judging by the gold reaction, which is about $50 from the overnight lows, someone else appears to have noticed that the rather shocking shortage of synthetic gold among institutions, which is finally seeping through into that whole “price discovery” process, where supply and demand actually matter.

GOFO dec 1

Bottom line: whatever caused the record scramble for rehypothecated gold, it wasn’t fears about the outcome of the Swiss referendum. Something else spooked the precious metal a month ago, and as seen on the chart above, things have only gotten progressively worse since then.

Source: LBMA

- US Debt In Public Hands Doubles Under Barack Obama (ZeroHedge):

As noted previously, total US debt is now over $18 trillion. Here is where it gets even more surreal: debt held by the public on January 20, 2009, Obama’s inauguration day, was $6.3 trillion. It is now $12.9 trillion, a 105% increase. And here, for your viewing pleasure, is Senator Barack Obama saying on July 3, 2008, that the $4 trillion in debt added by Bush was “irresponsible and unpatriotic”…

- President Obama ‘Fixes’ Ferguson (ZeroHedge):

So, a task force (aka Police Tzar) by Executive Order, more funding for local police equipment, and figure out how to make gold from lead promote effective crime reduction while building public trust

Ok, off to the golf club…

Obama Planning To Increase Funding For The Militarization Of America’s Police Force (ZeroHedge):

Since 2006,MRAPs, helicopters, machine guns, and night-vision-goggle have been increasingly evident across America as the good ol’ yankee copper morphs into a full-metal-jacket-looking killer (even as the FBI admits the threats to police have not escalated as much as the media would like). So it isjust ‘lucky’ that Ferguson has reignited a narrative that enables President Obama “to discuss federal programs and funding that provide equipment to the state and local enforcement agencies,” in a series of meetings today at The White House. We suspect funding will increase (for your own protection) and a new SWATification Tzar will be unveiled.

- The Shale Bust Arrives: November Permits For New Shale Wells Tumble 15% (ZeroHedge):

With a third of S&P 500 capital expenditure due from the imploding energy sector (and with over 20% of the high-yield market dominated by these names), paying attention to any inflection point in the US oil-producers is critical as they have been gung-ho “unequivocally good” expanders even as oil prices fell. However, as Reuters reports, new data suggests that the much-anticipated slowdown in shale country may have finally arrived – permits for new wells dropped 15% across 12 major shale formations last month, as one analysts warns, “the first domino is the price, which causes other dominos to fall.”

- Record cold in Pincher Creek, Alberta (Ice Age Now):

Blasts old record low set in 1896

- StealthFlation!!! Got Gold? (ZeroHedge):

They Will Reflate!  There Won’t Be Growth!  There Will Be Blood!

- Former NFL player becomes small farmer and gives food to the poor to find true success in life (Natural News):

When a well paid NFL football lineman quits the game to raise food for the needy, that’s an unusually interesting story. After St. Louis Rams center Jason Brown decided to leave the game for good, his agent told him that he was making the biggest mistake of his life. Jason adamantly replied, “No I’m not. No I’m not.

The build-up of NATO forces in Eastern Europe is hostile and destabilizes the Baltic, once the safest region in Europe, a senior Russian diplomat charged. The alliance’s chief accused Moscow of conducting aggressive exercises close to NATO borders.

The trade of accusations between Russia and NATO continued on Monday ahead of a NATO ministerial meeting this week.

By bringing in more weapons to Eastern Europe, some of them with highly-destructive power, the North Atlantic alliance is undermining regional security, Russia’s deputy foreign minister told Interfax.

“What are NATO military commander in Europe Philip Breedlove and the likes of him doing? They are trying to shake up the most stable region in the world, which is Europe’s north. Those endless military exercises, rebasing of aircraft capable of delivering nuclear weapons to the Baltic nations. This is the reality, a very negative one,” he said.

Big news for the Right to Know movement! Awareness regarding the dangers of genetically modified organisms (GMOs) has mushroomed, forcing the world to finally put genetically spliced food under the microscope.Organizers announced in London on November 11 that they will be performing the world’s first ever comprehensive and independent study on the safety of GMOs and their associated pesticides. Referred to as “Factor GMO,” the project has already begun the preparatory phase, but the full-blown experiment is expected to launch in 2015.The $25 million study will be the first long-term combined GMO/pesticide safety study involving multi-generational, toxicology and carcinogenicity arms. “Neutral” scientists with reportedly NO ties to the biotech industry or anti-GMO movement will be monitoring 6,000 rats fed GM corn over a three-year period.
The most popular name for baby boys in the UK is Muhammad, according to a new chart for 2014 compiled by BabyCentre. The name, also spelled as Mohammed and often given after the Muslim prophet, has seen an enormous gain in popularity, jumping 27 ranks.
So you don’t indulge in sugar. You never take antibiotics. You eat a pretty good diet. Why are you still battling Candida?You may have to look no further than your mouth. If you have amalgam fillings – mercury fillings – the cause of your Candidiasis might be staring back at you.

Over 50 percent of the government’s elected Police and Crime Commissioners (PCC) have been accused of misconduct and subsequently probed by the state’s policing watchdog, new figures reveal.

The Independent Police Complaints Commission (IPCC) has investigated “44 referrals from police and crime commissioners” relating to potential impropriety on behalf of 23 separate police chiefs, a spokesman for the body said on Monday.

This figure amounts to more than half of the 41 PCCS who were officially elected in November 2012, he told RT.

A Cambridge doctor who admitted to serial sexual abuse of dozens of young cancer patients has been sentenced to 22 years in prison.

Myles Bradbury, who worked at Addenbrooke’s Hospital, Cambridge, admitted to 25 offences including sexual assault, voyeurism and possession of over 16,000 images of children.

The 41-year-old blood cancer specialist further admitted to the abuse of 18 young patients in his care between 2009 and 2013.

Unless the scientific community and political leaders act soon, cold, dark days are ahead, because the evidence is clear that the earth is rapidly growing colder because of diminished solar activity, says author John L. Casey, former NASA consultant.

Trends indicate we could be headed for colder temperatures similar to those seen in the late 1700s and early 1800s when the sun went into a “solar minimum” — a phenomenon with significantly reduced solar activity, including solar flares and sunspots, says Casey.

In his new book “Dark Winter,” Casey posits that a 30-year period of cold has already begun. Frigid temperatures and the food shortages that inevitably result could lead to riots and chaos.

“All you have to do is trust natural cycles and follow the facts, and that leads you to the inevitable conclusion that the sun controls the climate, and that a new cold era has begun,” says Casey.

Is it any surprise oil prices are cratering? With global GDP expectations plumbing cycle lows, JPMorgan just confirmed the global slowdown is accelerating as their Global Manufacturing PMI printed 51.8 – its slowest level of ‘expansion’ since September 2013.New Orders fell to the lowest reading since July 2013 and New Export Orders to the lowest since June 2013.

20141201_Global

But the US is really decoupling this time…

- US PMI Plunges To 10-Month Lows (Export Order Drop), ISM Beats (Export Orders Soar) (ZeroHedge):

For the 3rd month in a row, US Manufacturing PMI dropped from 4-year highs to 10-month lows. At 54.8, missing expectations of 55.0 (and down from 55.9) for the 5th month of the last 6 as extrapolated hopes fade into the usual cyclical un-decoupled collapse into year-end (but ignore NRF data). Sadly for the bullish decoupling meme, Markit notes, “the principal cause of the slowdown is a renewed downturn in export orders, which fell for the first time since January.” So, amid all of this doom, ISM then beat expectations, printing 58.7 vs 58.0 expectations (down slightly from October’s 59.0 print) led by – rather ironically – new export orders surging… US data has gone full China.

- Nearly 8,000 resign from Finnish church after same-sex marriage vote (RT):

Thousands of people have resigned from the Lutheran Church in Finland, after the nation’s parliament approved a same-sex marriage law and the church’s archbishop expressed support for the vote, Finland’s Yle News reported.

- Apple: AAPL Flash-Crashes Over 7% (ZeroHedge):

Did Icahn just cover? Cramer’s view: “that’s silly” And no – there’s no catalyst – this is your most liquid efficient stock market in the world at work…

 – The Macro Mauling Continues: Germany Contracts, Japan Downgraded, Copper Tumbles, WTI Lowest Since 2009, Gold Up (ZeroHedge):

Another day full of global macroeconomic disappointments is certain to send the S&P500 to all time-higherest records as 100,000 or so E-mini contracts exchange hands between central banks and Citadel’s algos.

 

 

 

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Nov 04

- Why Apple Is Preparing To Issue Even More Bonds (ZeroHedge, Nov 3, 2014):

As its recent 10-K confirmed, AAPL’s domestic cash – the amount of cash available for such corporate transactions as dividends and buybacks – had dropped to just $18.1 billion (and that is including the several billion in commercial paper issued in fiscal Q4), the lowest domestic cash hoard since March 2010, a time when AAPL’s offshore cash was a tiny $24 billion compared to the near record $137 billion last quarter!  So knowing full well that a buyback a day keep the Icahnator away, AAPL, urgently looking to refill its domestic cash since its offshore cash remains untouchable (absent being taxed on its repatriation), did the only thing it could do: prepare to issue more bonds, which is what we forecast would happen a few weeks ago, and what the WSJ overnight confirmed is already in progress.

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Sep 14

Related info:

- Not Only … NZ Pupils Struggling To Speak

- Employees Of Silicon Valley Giants Like Google, Apple, Yahoo And Hewlett-Packard Send Their Children To A Waldorf School

- Toddlers Becoming So Addicted To iPads They Require Therapy


apple-ipad-steve-jobs

- Steve Jobs Was a Low-Tech Parent (New York Times, Sep 10, 2014):

When Steve Jobs was running Apple, he was known to call journalists to either pat them on the back for a recent article or, more often than not, explain how they got it wrong. I was on the receiving end of a few of those calls. But nothing shocked me more than something Mr. Jobs said to me in late 2010 after he had finished chewing me out for something I had written about an iPad shortcoming.

“So, your kids must love the iPad?” I asked Mr. Jobs, trying to change the subject. The company’s first tablet was just hitting the shelves. “They haven’t used it,” he told me. “We limit how much technology our kids use at home.”

I’m sure I responded with a gasp and dumbfounded silence. I had imagined the Jobs’s household was like a nerd’s paradise: that the walls were giant touch screens, the dining table was made from tiles of iPads and that iPods were handed out to guests like chocolates on a pillow.

Nope, Mr. Jobs told me, not even close.

Since then, I’ve met a number of technology chief executives and venture capitalists who say similar things: they strictly limit their children’s screen time, often banning all gadgets on school nights, and allocating ascetic time limits on weekends.

I was perplexed by this parenting style. After all, most parents seem to take the opposite approach, letting their children bathe in the glow of tablets, smartphones and computers, day and night.

Yet these tech C.E.O.’s seem to know something that the rest of us don’t. Continue reading »

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Sep 04

Apple

- Apple Doesn’t Take Customer Security Seriously – 5 Irresponsible and Shocking Lapses (Liberty Blitzkrieg, Sep 3, 2014):

I’m the furthest thing in the world from a technology or security expert, but what I have learned in recent years is that a dedicated, sophisticated and well funded hacker can pretty much own your data no matter how many precautions you take. Nevertheless, the major technology companies on the planet shouldn’t go out of their way to make this as easy as possible.

In the wake of the theft of private images from several prominent celebrities, many people are rightly wondering whether how vulnerable their data is. The answer appears to be “very,” and if you use Apple, the following article from Slate may leave you seething with a sense of anger and betrayal.

David Auerbach wrote the following for Slate. Read it and weep: Continue reading »

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Sep 03

Recommended.



Mar 25, 2013

“Where do multinationals pay taxes and how much?” Gaining insight from international tax experts, Backlight director Marije Meerman (‘Quants’ & ‘Money & Speed’), takes a look at tax havens, the people who live there and the routes along which tax is avoided globally.

Those routes go by resounding names like ‘Cayman Special’, ‘Double Irish’, and ‘Dutch Sandwich’. A financial world operates in the shadows surrounded by a high level of secrecy. A place where sizeable capital streams travel the world at the speed of light and avoid paying tax. The Tax Free Tour is an economic thriller mapping the systemic risk for governments and citizens alike. Is this the price we have to pay for globalised capitalism?

At the same time, the free online game “Taxodus” by Femke Herregraven is launched. In the game, the player can select the profile of a multinational and look for the global route to pay as little tax as possible.

research: William de Bruijn
camera: Jean Counet
montage: Bart van den Broek
geluid: Tim van Peppen, Benny Jansen, Joris van Ballegoijen
productie: Marie Schutgens
animaties: Bitcaves & Motoko

International Sales for this documentary are handled by NPO Sales: http://www.nposales.com/?s=backlight

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Aug 26

- China may unveil homegrown OS rivals to Windows, Google and Apple (RT, Aug 25, 2014):

Following revelations of America’s National Security Agency’s global internet surveillance system, combined with a desire to enhance domestic production, China is beating a path towards unveiling its own operating systems in October.

The Chinese-made substitutes would first be introduced on desktop devices, later expanding to include smartphones and other hand-held devices, Ni Guangnan heads an official operating system development alliance established in March, Xinhau reported at the weekend.

“We hope to launch a Chinese-made desktop operating system by October supporting app stores,” Ni told the trade paper. Continue reading »

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Jul 24

Related info:

- China Fears iPhone Is ‘Threat To National Security’


- Apple engineered surveillance back door into 600 million iPhones (Natural News, July 22, 2014):

A highly skilled hacker who presented at the recent Hackers On Planet Earth (HOPE/X) conference in New York has dropped a massive bomb on the state of smartphone privacy. Jonathan Zdziarski, an active member in the iPhone development community who helped work on many early iOS “jailbreak” iterations, says Apple has deliberately engineered back door surveillance systems into the iPhone, allowing both the company and the government easy access to users’ personal data.

During his presentation, Zdziarski, who goes by the hacker alias “NerveGas,” showed detailed slides explaining how iOS is inherently insecure — on purpose. His investigation into the coding behind iOS revealed that the seemingly user-friendly system, which is used on hundreds of millions of Apple iPhones, contains a number of “undocumented high-value forensic services” and “suspicious design omissions,” both of which make it relatively easy for private data to be extracted from users’ phones. Continue reading »

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Jul 14

- China Fears iPhone Is “Threat To National Security” (ZeroHedge, July 12, 2014):

With threats and promises over cyber-crimes fleeting back and forth between the US and China, it appears – through the ‘back-channel’ of the nation’s state broadcaster CCTV – China has stepped it up once again. As AFP reports, China has accused US technology giant Apple of threatening national security through its iPhone’s ability to track and time-stamp a user’s location. While not exactly a ‘new feature’ of the phones, the timing of China’s public lambasting reflects the escalating mutual distrust between the US and China over the extent of cyber-espionage.

As AFP reports,

Chinese state broadcaster CCTV has accused US technology giant Apple of threatening national security through its iPhone’s ability to track and time-stamp a user’s location.

Continue reading »

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Jul 08

- Minimum Wage Consequences? iPhone 6 Will Be Made By “FoxBots” (ZeroHedge, July 7, 2014):

 

First it was burgers, then waiters, traders, and recently earnings-report-writers; but now it’s iPhones. The endless pressure to raise minimum wages, demand bathroom breaks, expect to sleep, and tolerable breathing standards have finally culminated in China’s FoxConn – manufacturer of the iPhone – to use a ‘robot army’ to build the new model. As The Daily Mail reports, The firm has pledged to have a million robot workers by the end of the year – and CEO Terry Gou has revealed the robots, dubbed ‘Foxbots’, are in the final stages of testing.

As The Daily Mail reports,

It is believed Foxconn will install 10,000 robots as a test. Continue reading »

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Apr 25

- Apple, Google to pay $324 million to settle conspiracy lawsuit (Reuters, April 24, 2014):

Four major tech companies including Apple and Google have agreed to pay a total of $324 million to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, sources familiar with the deal said, just weeks before a high profile trial had been scheduled to begin.

Tech workers filed a class action lawsuit against Apple Inc, Google Inc, Intel Inc and Adobe Systems Inc in 2011, alleging they conspired to refrain from soliciting one another’s employees in order to avert a salary war. They planned to ask for $3 billion in damages at trial, according to court filings. That could have tripled to $9 billion under antitrust law.

Continue reading »

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Feb 12

- Foxconn Working With Google on Robotics (Wall Street Journal, Feb 11, 2014):

Foxconn has long been associated as the partner for Apple, assembling the majority of the U.S. company’s iPhones and iPads.

But few people know the Taiwanese contract manufacturer, also known as Hon Hai Precision industry, has been quietly working with Google.

People familiar with the matter told The Wall Street Journal that Foxconn has been working with former Android executive Andy Rubin since last year to carry out the U.S. company’s vision for robotics.

To speed up robot deployment at its own factories, Foxconn Chairman Terry Gou met with Rubin in Taipei recently and they discussed new robotic technologies, they said.

Continue reading »

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Jan 04

- Appelbaum: ‘Scary’ NSA will spy on you – every which way they can (RT, Dec 30, 2013):

Security researcher Jacob Appelbaum revealed what he calls “wrist-slitting depressing” details about the National Security Agency’s spy programs at a computer conference in Germany on Monday where he presented previously unpublished NSA files.

Appelbaum is among the small group of experts, activists and journalists who have seen classified United States intelligence documents taken earlier this year by former contractor Edward Snowden, and previously he represented transparency group WikiLeaks at an American hacker conference in 2010. Those conditions alone should suffice in proving to most anybody that Appelbaum has been around more than his fair share of sensitive information, and during his presentation at the thirtieth annual Chaos Communication Congress in Hamburg on Monday he spilled his guts about some of the shadiest spy tactics seen yet through leaked documents.

Continue reading »

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Dec 08

- Obama Says He’s Not Allowed iPhone For ‘Security Reasons’ (Huffington Post, Dec 4, 2013):

The troubled mobile phone maker BlackBerry still has at least one very loyal customer: U.S. President Barack Obama.

At a meeting with youth on Wednesday to promote his landmark healthcare law, Obama said he is not allowed to have Apple’s smart phone, the iPhone, for “security reasons,” though he still uses Apple’s tablet computer, the iPad.

Related info:

- SPIEGEL: NSA Has Full ‘Back Door’ Access To iPhone, BlackBerry And Android Smartphones

- Wikileaks Julian Assange On Mass Surveillance: ‘You Are All Screwed!’ (Video)

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Oct 14

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Oct 04

Related info:

- Hackers Breach iPhone 5S Fingerprint Security


- MasterCard joining push for fingerprint ID standard (USA Today, Oct 2, 2013):

The addition of MasterCard will help FIDO expand its standard to more types of transactions. The company’s experience handling the multitude of existing payments industry standards will also be valuable.

SAN FRANCISCO — MasterCard is joining the FIDO Alliance, signaling that the payment network is getting interested in using fingerprints and other biometric data to identify people for online payments.

MasterCard will be the first major payment network to join FIDO. The Alliance is developing an open industry standard for biometric data such as fingerprints to be used for identification online. The goal is to replace clunky passwords and take friction out of logging on and purchasing using mobile devices.

Apple’s new iPhone 5s smartphone has a fingerprint sensor, but the tech giant is not part of FIDO. However, Google is part of the Alliance, and devices running Google’s Android operating system will have fingerprint sensors by next year.

Continue reading »

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Sep 26

:-)

- LA officials may delay school iPad rollout after students hack them in a week (engadget, Sep 26, 2013):

Just a week after it began the first phase of putting iPads in the hands of all 640,000 students in the region, the Los Angeles school district already has a fight on its hands. In a matter of days, 300 children at Theodore Roosevelt High School managed to work around protective measures placed on the Apple tablets, giving them complete access to features — including Facebook, Twitter and other apps — that should otherwise have been blocked.

Continue reading »

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Sep 24

- Hackers Breach iPhone 5S Fingerprint Security (ZeroHedge, Sep 23, 2013):

Dubbed as a “game-changer” despite being around on devices for years (Motorola Atrix anyone); a ‘paradigm’ shift in mobile payment security; and a revolution in handheld devices by any and all investors bullish of the stocks; Appl’s fingerprint-scanning TouchID is everything you want it to be – apart from secure. As Der Spiegel reports, the well-respected German hacker group Chaos Computer Club (CCC) has thrown a wrench in the works by bypassing the smartphone’s much-heralded fingerprint scanner just two days after launch. The CCC, as the clip below illustrates, successfully bypassed the biometric security system, called TouchID, using “easy everyday means.” So, the question now is – will the NYPD demand everyone downgrade their phones?

Via Der Spiegel,

It is supposed to represent a major step forward in mobile phone security by replacing the password. But the fingerprint sensor on Apple’s new iPhone 5S has already been compromised just two days after it went on sale. The German hacker organization Chaos Computer Club (CCC) says it has successfully bypassed the biometric security system, called TouchID, using “easy everyday means.”

the CCC said in a blog post, it wanted to demonstrate how fingerprint biometrics is “unsuitable as [an] access control method and should be avoided.”

Such fingerprint technology has been around for a while — it was included as a feature on the Motorola Atrix smartphone, launched in 2011 — but TouchID has been reported as a significant step forward. That assertion is categorically denied by the CCC, with a hacker known as Starbug, who was responsible for bypassing the fingerprint security, saying: “In reality, Apple’s sensor has just a higher resolution compared to the sensors so far. So we only needed to ramp up the resolution of our fake.”

“It is plain stupid to use something that you can’t change and that you leave everywhere every day as a security token,” he said, referring to fingerprints.

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Sep 20

- iMORONS UNITE (The Burning Platform, Sep 20, 2013):

You can’t make this shit up. Three minutes that will crush any illusions you might have of the masses rising up and shaking off the yoke of corporate fascism. The decades of mass media propaganda and dumbing down of the people through our government run public education system has succeeded beyond Edward Bernays’ wildest dreams. I give you the next head of the Department of Commerce:


YouTube

From the commentaries:


DOOMED I TELL YOU!!!!


Lowest labor participation in 35 years, 47 million people on foodstamps, and real incomes haven’t gone up in four decades, but idiots by the thousands will stand in line for two days to whip out their credit cards for a fucking phone that they can order on-line. We are so fucked. And most of these iMorons are Millenials.


“Think of how stupid the average person is, and then realize half of them are even stupider”
– George Carlin

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Sep 18


YouTube Added: 17.09.2013

Description:

Introducing the new iPhone nSa, the best surveillance device to date. It aims to put your freedom… in the crosshairs.

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Sep 08

German Chancellor Angela Merkel holds a BlackBerry Z10 smart phone: Will the company face a setback following claims the NSA can spy on its phones? (REUTERS)

- Privacy Scandal: NSA Can Spy on Smart Phone Data (Spiegel, Sep 7, 2013):

SPIEGEL has learned from internal NSA documents that the US intelligence agency has the capability of tapping user data from the iPhone, devices using Android as well as BlackBerry, a system previously believed to be highly secure.

The United States’ National Security Agency intelligence-gathering operation is capable of accessing user data from smart phones from all leading manufacturers. Top secret NSA documents that SPIEGEL has seen explicitly note that the NSA can tap into such information on Apple iPhones, BlackBerry devices and Google’s Android mobile operating system.

The documents state that it is possible for the NSA to tap most sensitive data held on these smart phones, including contact lists, SMS traffic, notes and location information about where a user has been.

Continue reading »

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