Domain: zerohedge.com
Stories and comments across the archive that link to zerohedge.com.
Stories · 18
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More Companies Plan To Implant Microchips Into Their Employees' Hands (engadget.com)
"British companies are planning to microchip some of their staff in order to boost security and stop them accessing sensitive areas," reports the Telegraph. "Biohax, a Swedish company that provides human chip implants, told the Telegraph it was in talks with a number of UK legal and financial firms to implant staff with the devices."
An anonymous reader quote Zero Hedge: It is really happening. At one time, the idea that large numbers of people would willingly allow themselves to have microchips implanted into their hands seemed a bit crazy, but now it has become a reality. Thousands of tech enthusiasts all across Europe have already had microchips implanted, and now a Swedish company is working with very large global employers....
For security-obsessed corporations, this sort of technology can appear to have a lot of upside. If all of your employees are chipped, you will always know where they are, and you will always know who has access to sensitive areas or sensitive information. According to a top official from Biohax, the procedure to implant a chip takes "about two seconds...." Of course once this technology starts to be implemented, there will be some workers that will object. But if it comes down to a choice between getting the implant or losing their jobs, how many workers do you think will choose to become unemployed?
Engadget provides more examples, pointing out that in 2006 an Ohio surveillance firm had two employees in its secure data center implant RFIDs in their triceps, and that just last year 80 employees at Three Square Market in Wisconsin had chips implanted into their hands. Their article also hints that "no one's thinking about the inevitable DEF CON talk 'Chipped employees: Fun with attack vectors'"
Dr. Stewart Southey, the Chief Medical Officer at Biohax International, describes the technology as "a secure way of ensuring that a person's digital identity is linked to their physical identity," with a syringe injecting the chip directly between their thumb and forefinger to enable near-field communication. But what do Slashdot's readers think?
Would you let your employer microchip you? -
In America's Big Tech Cities, More People Are Now Living In Their Vehicles (cbsnews.com)
An anonymous reader quotes CBS MoneyWatch: The number of people residing in campers and other vehicles surged 46 percent over the past year, a recent homeless census in Seattle's King County, Washington found. The problem is "exploding" in cities with expensive housing markets, including Los Angeles, Portland and San Francisco, according to Governing magazine. The problem of vehicle residency is national in scope, although its impact may be more "acutely felt in urban areas where space is more limited," said Sara Rankin, an assistant professor law at Seattle University and the director of Homeless Rights Advocacy Project, in an email to CBS MoneyWatch.
"Amazon, Microsoft and other big tech companies are in the Seattle area," notes Zero Hedge, adding "It is a region that is supposedly 'prospering', and yet this is going on."
Back in Silicon Valley, one Google employee slept in a truck in Google's parking lot for two years -- allowing him to save at least $48,000 that he would've paid in rent -- though many vehicle-dwellers apparently have non-technical jobs as plumbers, janitors, and even teachers. "A fair number of the 'vehicular homeless' in Silicon Valley are employed but are unable to find affordable housing," reports CBS, citing an AP article last November about "Silicon Valley's car people".
"Lines of RVs can be found near the headquarters of tech heavyweights such as Apple, Google and Hewlett-Packard." -
Is Online Advertising Worthless? (zerohedge.com)
turkeydance shares a story from ZeroHedge: Category 1 storm clouds are gathering over what has traditionally been one of the most lucrative, and perhaps only profitable, sectors to come out of Silicon Valley in decades: online advertising. Two months ago, it was P&G which fired the first shot across the "adtech" bow when not long after it announced it was slashing its digital ad spending because it thought it was not getting the kind of return on investment it desired, it made a striking discovery: "We didn't see a reduction in the growth rate." CFO Jon Moeller said "What that tells me is that that spending that we cut was largely ineffective"...
So fast forward to last week, when during Thursday's Global Retailing Conference organized by Goldman Sachs, Restoration Hardware delightfully colorful CEO, Gary Friedman, divulged the following striking anecdote about the company's online marketing strategy, and the state of online ad spending in general... What Friedman revealed - in brief - was the following: "we've found out that 98% of our business was coming from 22 words. So, wait, we're buying 3,200 words and 98% of the business is coming from 22 words. What are the 22 words? And they said, well, it's the word Restoration Hardware and the 21 ways to spell it wrong, okay?"
Stated simply, the vast, vast majority of online ad spending is wasted, chasing clicks that simply are not there....One wonders how long before all retailers - most of whom are notoriously strapped for revenues and profits courtesy of Amazon - and other "power users" of online advertising, do a similar back of the envelope analysis, and find that they, like RH, are getting a bang for only 2% of their buck? -
WSJ Op-Ed: The Post Office Is Delivering Amazon's Packages Below Cost (zerohedge.com)
schwit1 shares a pay-walled op-ed from the Wall Street Journal (also excerpted at the URL below): The U.S. Postal Service delivers the company's boxes well below its own costs. Like an accelerant added to a fire, this subsidy is speeding up the collapse of traditional retailers in the U.S. and providing an unfair advantage for Amazon... First-class mail effectively subsidizes the national network, and the packages get a free ride. An April analysis from Citigroup estimates that if costs were fairly allocated, on average parcels would cost $1.46 more to deliver...
My analysis of available data suggests that around two-thirds of Amazon's domestic deliveries are made by the Postal Service. It's as if Amazon gets a subsidized space on every mail truck... Congress should demand the enforcement of the Postal Accountability and Enhancement Act, and the Postal Service needs to stop picking winners and losers in the retail world. The federal government has had its thumb on the competitive scale for far too long. -
WikiLeaks Reveals the 'Snowden Stopper': CIA Tool To Track Whistleblowers (zerohedge.com)
schwit1 quotes a report from Zero Hedge: As the latest installment of it's "Vault 7" series, WikiLeaks has just dropped a user manual describing a CIA project known as "Scribbles" (a.k.a. the "Snowden Stopper"), a piece of software purportedly designed to allow the embedding of "web beacon" tags into documents "likely to be stolen." The web beacon tags are apparently able to collect information about an end user of a document and relay that information back to the beacon's creator without being detected. Per WikiLeaks' press release. But, the "Scribbles" user guide notes there is just one small problem with the program: it only works with Microsoft Office products. So, if end users use other programs such as OpenOffice of LibreOffice then the CIA's watermarks become visible to the end user and their cover is blown. -
Are We Seeing Propaganda About Russian Propaganda? (rollingstone.com)
MyFirstNameIsPaul was one of several readers who spotted this disturbing instance of fake news about fake news. An anonymous reader writes: Last week the Washington Post described "independent researchers" who'd identified "more than 200 websites as routine peddlers of Russian propaganda" that they estimated were viewed more than 200 million times on Facebook. But the researchers insisted on remaining anonymous "to avoid being targeted by Russia's legions of skilled hackers," and when criticized on Twitter, responded "Awww, wook at all the angwy Putinists, trying to change the subject -- they're so vewwy angwy!!"
The group "seems to have been in existence for just a few months," writes Rolling Stone's Matt Taibbi, calling the Post's article an "astonishingly lazy report". (Chris Hedges, who once worked on a Pulitzer Prize-winning team at the New York Times, even found his site Truthdig on the group's dubious list of over 200 "sites that reliably echo Russian propaganda," along with other long-standing sites like Zero Hedge, Naked Capitalism, and the Ron Paul Institute for Peace and Prosperity.) "By overplaying the influence of Russia's disinformation campaign, the report also plays directly into the hands of the Russian propagandists that it hopes to combat," complains Adrian Chen, who in 2015 documented real Russian propaganda efforts which he traced to "a building in St. Petersburg where hundreds of young Russians worked to churn out propaganda."
The Post's article was picked up by other major news outlets (including USA Today), and included an ominous warning that "The sophistication of the Russian tactics may complicate efforts by Facebook and Google to crack down on 'fake news'." -
48 Organizations Now Have Access To Every Brit's Browsing Hstory (zerohedge.com)
schwit1 quotes a report from Zero Hedge on Great Britain's newly-enacted "snoopers' charter": For those who missed our original reports, here is the new law in a nutshell: it requires telecom companies to keep records of all users' web activity for a year, creating databases of personal information that the firms worry could be vulnerable to leaks and hackers. Civil liberties groups say the law establishes mass surveillance of British citizens, following innocent internet users from the office to the living room and the bedroom. They are right. Which government agencies have access to the internet history of any British citizen? Here is the answer courtesy of blogger Chris Yuo, who has compiled the list
Click through to the comments to read the entire list.
Metropolitan police force
City of London police force
Police forces maintained under section 2 of the Police Act 1996
Police Service of Scotland
Police Service of Northern Ireland
British Transport Police
Ministry of Defence Police
Royal Navy Police
Royal Military Police
Royal Air Force Police
Security Service
Secret Intelligence Service
GCHQ
Ministry of Defence
Department of Health
Home Office
Ministry of Justice
National Crime Agency
HM Revenue & Customs
Department for Transport
Department for Work and Pensions
NHS trusts and foundation trusts in England that provide ambulance services
Common Services Agency for the Scottish Health Service
Competition and Markets Authority
Criminal Cases Review Commission
Department for Communities in Northern Ireland
Department for the Economy in Northern Ireland
Department of Justice in Northern Ireland
Financial Conduct Authority
Fire and rescue authorities under the Fire and Rescue Services Act 2004
Food Standards Agency
Food Standards Scotland
Gambling Commission
Gangmasters and Labour Abuse Authority
Health and Safety Executive
Independent Police Complaints Commissioner
Information Commissioner
NHS Business Services Authority
Northern Ireland Ambulance Service Health and Social Care Trust
Northern Ireland Fire and Rescue Service Board
Northern Ireland Health and Social Care Regional Business Services Organisation
Office of Communications
Office of the Police Ombudsman for Northern Ireland
Police Investigations and Review Commissioner
Scottish Ambulance Service Board
Scottish Criminal Cases Review Commission
Serious Fraud Office
Welsh Ambulance Services National Health Service Trust
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Accused British 'Flash Crash' Stock Trader To Be Extradited To The US (zerohedge.com)
Slashdot reader whoever57 writes: Navinder Sarao has lost his appeal and is set to be extradited to the USA, where he faces charges with a possible maximum sentence of 380 years. He is accused of causing the "flash crash" in 2010, when the Dow Jones index dropped by 1000 points.
He ran his trading from his bedroom in his parents' house and it is claimed that he made more than 30 million pounds (approximately $40 million) in five years. His parents had no idea what he was doing, nor the scale of his income. He is accused of placing trades that he never intended to fill, so, to this naive person, it's hard to distinguish what he did from the large high-speed trading firms.
"Lawyers for Mr Sarao tried to argue that the U.S. crime of spoofing had no equivalent under English law, meaning he could not be sent for trial overseas," reports The Telegraph, adding that he's already spent four months in jail because he didn't have enough money to post his own bail. -
'The Hillary Leaks' - Wikileaks Releases 19,252 Previously Unseen DNC Emails (zerohedge.com)
Reader schwit1 writes: The state department's release of Hillary emails may be over, but that of Wikileaks is just starting. Moments ago, Julian Assange's whistleblower organization released over 19,000 emails and more than 8,000 attachments from the Democratic National Committee. This is part one of their new Hillary Leaks series, Wikileaks said in press release.:"Today, Friday 22 July 2016 at 10:30am EDT, WikiLeaks releases 19,252 emails and 8,034 attachments from the top of the US Democratic National Committee -- part one of our new Hillary Leaks series. The leaks come from the accounts of seven key figures in the DNC: Communications Director Luis Miranda (10770 emails), National Finance Director Jordon Kaplan (3797 emails), Finance Chief of Staff Scott Comer (3095 emails), Finance Director of Data & Strategic Initiatives Daniel Parrish (1472 emails), Finance Director Allen Zachary (1611 emails), Senior Advisor Andrew Wright (938 emails) and Northern California Finance Director Robert (Erik) Stowe (751 emails). The emails cover the period from January last year until 25 May this year."
The emails released Friday cover a period from January 2015 to May 2016. They purportedly come from the accounts of seven key DNC staffers: Andrew Wright, Jordon Kaplan, Scott Comer, Luis Miranda, Robert Stowe, Daniel Parrish and Allen Zachary.
A quick scan of the emails focus on Bernie Sanders and dealing with the fallout of many Democrats opposing Hillary Clinton and calling the system "rigged." Many of the emails exchanged between top DNC officials are simply the text of news articles concerning how establishment democrats can "deal" with the insurgent left-winger. Update: 07/22 17:41 GMT by M :Guccifer 2.0 has claimed responsibility for the leak. -
Jill Stein Pledges To Pardon Snowden and Appoint Him To Her Cabinet (zerohedge.com)
Iamthecheese writes: Trump hates him. Clinton misrepresented him. Most mainstream media outlets call him a traitor and worse. But if you vote Stein, Snowden will be in the presidential Cabinet. "The presumptive Green Party presidential nominee Dr. Jill Stein promises to grant NSA whistleblower Edward Snowden -- who many describe as a true American hero -- not just a full pardon, but a promotion to the upper echelons of government should she win the White House," reports Zero Hedge. "[Snowden] has done an incredible service to our country at great cost to himself for having to live away from his family, his friends, his job, his network, to basically live as an expatriate," Stein asserted during a town hall live-streamed to supporters on her Facebook page, US Uncut reported. "I would say not only bring Snowden back, but bring him into my administration as a member of the Cabinet," she continued, "because we need people who are part of our national security administration who are really, very patriotic. If we're really going to protect our American security, we also have to protect our Constitutional rights, and that includes our right to privacy." Her pardons would also extend to CIA whistleblower John Kiriakou and Chelsea Manning. Kiriakou first revealed proof of waterboarding and various other torture tactics employed by the government, while Manning leaked the Afghan War Diary and Iraq War Logs, which included footage of U.S. helicopter airmen deliberately gunning down journalists, to Wikileaks. Reddit co-founder and MIT student, Aaron Swartz, who leaked academic research to the public, would also receive a pardon under her presidency. "[Swartz] was a proponent of free and liberated internet and for sharing our resources on that internet, who was basically hounded into suicide by a very oppressive Department of Justice. So, he -- in my mind -- is another one of these heroes that we need to remember and be very thankful for." -
Seagate Fires 6,500, Or 14% of Workforce, Stock Soars (zerohedge.com)
turkeydance quotes a report from Zero Hedge: [Seagate] announced today an additional restructuring plan for continued consolidation of its global footprint across Asia, EMEA and the Americas. The plan includes reducing the Company's global headcount by approximately 6,500 employees, or 14% of its global headcount by the end of fiscal year 2017. The total pretax charges for the plan will be approximately $164 million in fiscal year 2017. The restructuring activities and global footprint consolidation underway should enable the Company to be operating within its targeted Non-GAAP product gross margin range of 27-32% by the December 2016 quarter. "Computer-memory specialist Seagate announced that its Q4 revenue would be $2.65 billion, beating expectations of $2.34 billion, and up from the $2.3 billion guidance given previously," reports Zero Hedge. "The company also reported gross margin of 25% and non-GAAP gross margin of approximately 25.8% for the fiscal fourth quarter 2016, up from the previous 23% forecast. Good news, and the stock is up 12% after hours as a result." -
Judge Orders 'Intentionally Deceptive' DOJ Lawyers To Take Remedial Ethics Class (zerohedge.com)
According to the Daily Caller, "The judge overseeing the challenge by 26 states to President Obama's executive action in immigration has ordered all lawyers 'employed at the Justice Department in Washington, D.C. who appears, or seeks to appear, in a court (state or federal) in any of the 26 Plaintiff States annually attend a legal ethics course.'"
An anonymous reader quotes a report from Zero Hedge: In writing the ruling, Hanen quoted from the scene in "Miracle on 34th Street" when the boy is called to testify to Santa's existence and saying that everyone knows not to tell a lie to the court. Hanen went on to say that that the Justice Department lawyers have an even stricter duty: Tell the truth, don't mislead the court, and don't allow it to be mislead by others. "The Government's lawyers failed on all three fronts. The actions of the DHS should have been brought as early as December 19, 2014. The failure of counsel to do that constituted more than mere inadvertent omissions -- it was intentionally deceptive." Judge Hanen wrote in his ruling. Hanen ordered that the classes must be "taught by at least one recognized ethics expert who is unaffiliated with the Justice Department." I wonder if the judge could order the lawyers to jail for contempt of court? -
Jury Orders Gawker To Pay $115 Million To Hulk Hogan In Sex Tape Lawsuit (zerohedge.com)
An anonymous reader writes: [Hogan's attorneys told jurors this is the core of the case:] "Gawker took a secretly recorded sex tape and put it on the Internet." And now they are paying for it, dearly. Also notable is that there doesn't seem to be anyone interested in defending them, as even the Twitter community (if it can truly be called that) has come out strongly in favor of the ruling against Gawker. Maybe they should have at least made more friends? They did make $6.5 million in net income in 2014 and their Wikipedia article states that they were last sold in 2009 for $300 million, so while they may not be put out of business, it seems likely they will at least be [changing] hands, and soon, with the jury ruling $55 million for economic injuries and $60 million for emotional distress. I think that's jury-speak for "body slam."
According to Ars Technica, Gawker Media was one of the first successful, large, digital-only news companies. "The stunning sum, which may have punitive damages added to it, is a life-threatening event for the New York-based network of news and gossip sites." -
China Denies Responsibility For US Government Data Breach
schwit1 writes: On Friday, Beijing responded to allegations from Washington that China was responsible for a cyberattack on the U.S. Office of Personnel Management that compromised the personal data of some 4 million government employees. The accusations, China's foreign ministry said, are "irresponsible" and "groundless." The OPM breach is the latest in a string of cyber 'incidents' that have coincidentally occurred in the wake of the Pentagon's new cyber strategy.
ZeroHedge argues, "Whether or not the most recent virtual attack on the U.S. did indeed emanate from China or one of Washington's other so-called "cyberadversaries" (the list includes Iran, Russia, and North Korea) will likely never be known the public, but rest assured the blame will be placed with a state actor so as to ensure the DoD has some precedent to refer to when, for whatever reason, the Pentagon decides it's time to deploy an "offensive" cyberattack later on down the road."
Irrespective of where the attack originated, it appears obsolete technology was ultimately to blame, because as Bloomberg reports, "Einstein" wasn't much help in preventing the intrusion: "It's behind schedule, the result of inter-agency fights over privacy, control and other matters, and only about half of the government was protected when the hackers raided OPM's databases last December. It's also, by the government's own admission, already obsolete. Over the last several months, U.S. officials have said that perimeter-based defenses such as Einstein, even backed by the National Security Agency's own corps of hackers, can never prevent break-ins." -
Tesla's April Fool's Joke Spoofs Market Algorithms
Okian Warrior writes Yesterday, Tesla's twitter feed and blog announced the new "W" Model. Meaning "Watch" (as in "wristwatch"), the announcement Included a photo of a watch spouting a cumbersome "Big Ben" glued to the face and including this text: "This incredible new device from Tesla doesn't just tell the time, it also tells the date. What's more, it is infinitely adjustable, able to tell the time no matter where you are on Earth. Japan, Timbuktu, California, anywhere! This will change your life. Reality as you know it will never be the same." Clearly, this was an April fool's joke as anyone who reads more than just the headline would immediately guess. The problem is that Bloomberg's fast response team did not. The algos, on massive volume, spiked TSLA stock higher by nearly 1%. -
The Facebook Ads Teens Aren't Supposed To See
schwit1 writes in with this story about Facbook's questionable ads including webcam modeling and diet drugs. "Sophie Bean, 14, of Sequim, Wash., said she was thought she was 'liking' a Facebook ad related to fashion modeling. Instead, it promoted a Facebook page that recruited adult webcam models. 'I just thought it was for modeling, and I'm interested in that, and I thought it would help me out,' Sophie said. Sophie wasn't the only teen connecting with the page, which Facebook statistics show is most popular with users 13 to 17. Clicking on it didn't pull the teens into nude webcam modeling, but did mean they would receive the page's updates and could be mentioned in future versions of the ad." -
Xerox "Routine Backup Test" Leave 17 States Without Food Stamps
An anonymous reader writes "People in Ohio, Michigan and 15 other states found themselves temporarily unable to use their food stamp debit-style cards on Saturday, after a routine test of backup systems by vendor Xerox Corp. resulted in a system failure. Xerox announced late in the evening that access has been restored for users in the 17 states affected by the outage, hours after the first problems were reported. 'Restarting the EBT system required time to ensure service was back at full functionality,' spokeswoman Jennifer Wasmer said in an email. An emergency voucher process was available in some of the areas while the problems were occurring, she said. U.S. Department of Agriculture spokeswoman Courtney Rowe underscored that the outage was not related to the government shutdown." -
Anonymous Hacks US Think Tank Stratfor
Frankie70 writes "At 11:45 PST on Christmas Eve, hacking collective Anonymous disclosed that not only has it hacked the Stratfor website (since confirmed by Friedman himself), but has also obtained the full client list of over 4000 individuals and corporations, including their credit cards (which supposedly have been used to make $1 million in 'donations'), as well as over 200 GB of email correspondence."