Archive for May, 2012
Former J.P. Morgan Lobbyist Manages Banking Committee Expected To Investigate J.P. Morgan’s Trading Loss
May 24th, 2012Via: Republic Report: The Senate Banking Committee is responding to outrage over the news that J.P. Morgan lost some $3 billion in customer money because of a risky trading strategy. The committee is preparing for two hearings with regulators, and Senator Tim Johnson (D-SD), chair of the committee, is hoping that Jamie Dimon will testify […]
DOD and CIA Records Detailing Meetings with bin Laden Raid Filmmakers
May 24th, 2012Via: Judicial Watch: Judicial Watch, the organization that investigates and fights government corruption, announced today that it has obtained records from the U.S. Department of Defense (DOD) and the Central Intelligence Agency (CIA) regarding meetings and communications between government agencies and Kathryn Bigelow, Academy Award-winning director of The Hurt Locker, and screenwriter Mark Boal. According […]
Facebook Banks Said to Make $100 Million on ‘Stabilizing’ Stock
May 24th, 2012*chortle* Here’s one for your Invisible-Hand-with-Corporate-Logos file folder. Via: Bloomberg: Facebook Inc. (FB)’s underwriters for its initial public offering made gains of about $100 million through their work to stabilize the shares in public trading, said a person familiar with the matter. Related: Facebook IPO
Disclosure: I’m Long Dell
May 24th, 2012Warning: This is not a recommendation to buy, sell or hold any financial instrument. I bought some Dell (symbol: DELL) late in the session.
Arming Police Drones with Rubber Bullets and Tear Gas
May 23rd, 2012Via: CBS: With the use of domestic drones increasing, concern has not just come up over privacy issues, but also over the potential use of lethal force by the unmanned aircraft. Drones have been used overseas to target and kill high-level terror leaders and are also being used along the U.S.-Mexico border in the battle […]
New York Legislation Would Ban Anonymous Online Speech
May 23rd, 2012It’s time for some comedy. Via: Wired: Did you hear the one about the New York state lawmakers who forgot about the First Amendment in the name of combating cyberbullying and “baseless political attacks”? Proposed legislation in both chambers would require New York-based websites, such as blogs and newspapers, to “remove any comments posted on […]
NSA Running College Programs for Cyber Operators
May 23rd, 2012Via: Reuters: The National Security Agency is trying to expand U.S. cyber expertise needed for secret intelligence operations against adversaries on computer networks through a new cyber-ops program at selected universities. The cyber-ops curriculum is geared to providing the basic education for jobs in intelligence, military and law enforcement that are so secret they will […]
DELL DOWN 17%
May 23rd, 2012Dell Inc. (DELL) 12.51 Down 2.57(17.04%) 10:49AM EDT Splat. Via: Reuters: Shares of Dell Inc (DELL.O) fell 15 percent on Wednesday after a weak revenue forecast and disappointing quarterly results triggered stock price target cuts by a slew of brokerages on the world’s No. 3 personal computer maker.
Army Readies Its Mammoth Spy Blimp for First Flight
May 23rd, 2012Via: Wired: Sure, it took an extra year or so, but Northrop Grumman has finally penciled in the first flight of the giant surveillance airship it’s building for the U.S. Army. The Long Endurance Multi-Intelligence Vehicle — a football-field-size, helium-filled robot blimp fitted with sensors and data-links — should take to the air over Lakehurst, […]
And Now… Software Will Allow a Single Professor to Deliver, ‘Meaningful Education to Hundreds of Thousands of Students at Once’
May 23rd, 2012In ten or twenty years, I wouldn’t be surprised to see the majority of paid work in companies, that is, work that isn’t done by machines, being done by these “certificate” holders. They’ll live in ever expanding slums, autonomously policed by RoboCops and drones. They’ll have fast Internet and there will be Superbowl commercials about […]
