(kw)
Category Archives: international
The New CDO
One Goldman Sachs derivatives trader, who asked to remain anonymous because he is not authorized to speak about company strategy, said that the firm is planning to create a market for derivatives that airlines can use to hedge against the risk of having to return planes to the terminal or having to pay fines to the FAA. Goldman is thinking of creating “collateralized delay obligations,” or CDOs, which will diversify wait-time risk by including flights from across the entire country.
Disclaimer
Xe:
The joint audit by the Special Inspector General for Iraq Reconstruction and the United State Department of State Inspector General released yesterday does not, as some press reports have suggested, allege that Blackwater was ever complicit in overbilling the United States government for work it performed in Iraq in 2006 and 2007.
The audit does not even state that the government overpaid Blackwater for staffing issues. All it suggests is that invoices spanning a period of time are reviewed. A $55 million penalty has in no way been determined.
In fact, the government contracting officer determined that Blackwater was compliant with the terms of the contract at the time for which they were reviewing and the therefore did not apply any deductions or penalties. Blackwater only billed for services provided.
But we thought you were "Xe."
(yeti)
QOTD2
To underline our understanding of what DNS is, we must differentiate it from what it is not. The Internet economy rewards unlimited creativity in the monetization of human action, and fairly often this takes the form of some kind of intermediation. For DNS, monetized intermediation means lying. The innovators who bring us such monetized intermediation do not call what they sell "lies," but in this case it walks like a duck and quacks like one, too.
Monetized intermediation means lying.
QOTD
Your avatar’s arms are never going to be long enough to box with a game god whose software controls arm length.
Or, as we used to put it: he who would snack with the Devil must needs use a long spork...
Synthetic sewage
Carbon footprints
Trash. Albatross chick remains on the on Midway Atoll, Sept/Oct ’09, courtesy of Chris Jordan:
Many more here.
KEI FOIAs USTR ACTA NDAs
Expanded: Jamie Love at Knowledge Ecology International has forced the Office of the United States Trade Representative to cough up the names of people who know what the US is secretly negotiating in the proposed multilateral Anti-Counterfeiting Trade Agreement. They are:
People who've signed an NDA in order to see ACTA's "internet text":
Emery Simon (Business Software Alliance [BSA]), Jesse Feder (Business Software Alliance [BSA]), Bill Patry (Google), Daphne Keller (Google), Johanna Shelton (Google), Lisa Pearlman (Wilmer Hale), Robert Novick (Wilmer Hale), Bob Kruger (eBay consultant), Brian Bieron (eBay), Hillary Brill (eBay), Sarah Deutch (Verizon), David Weller (Wilmer Hale), Steve Metalitz (International Intellectual Property Alliance [IIPA]), Mitchell Silberberg & Knupp LLP), Veronica O'Connell (Consumer Electronics Association [CEA]), Jim Burger (Dow Lohnes, Intel counsel), Jonathan Band (Jonathan Band PLLC), Gigi Sohn (Public Knowledge), Rashmi Rangnath (Public Knowledge), Sherwin Siy (Public Knowledge), Maritza Castro (Dell), Jeff Lawrence (Intel), Mathew Schruers (CCIA), David Sohn (Center for Democracy and Technology [CDT]), Michael Pericone (Consumer Electronics Association [CEA]), Ryan Triplette (Intel), Janet O'Callaghan (News Corp), Chris Israel (PCT Government Relations), Alicia Smith (Sony Pictures Entertainment), Cameron Gilreath (Time Warner), Seth Greensten (Constantine Cannon LLP, for Consumer Electronics Association [CEA]), Daniel Dougherty (eBay), David Fares (News Corp)
Members of ITAC 15 (the Industry Trade Advisory Committee on Intellectual Property Rights) who've received the ACTA "internet text" who are:
Anissa S. Whitten (Motion Picture Association of America [MPAA]), Eric Smith (International Intellectual Property Alliance [IIPA]), Neil I. Turkewitz (Recording Industry Association of America [RIAA]), Sandra M. Aistars (Time Warner), Stevan D. Mitchell (Entertainment Software Association), Thomas J. Thomson (Coalition for Intellectual Property Rights [CIPR]), and Timothy P. Trainer (Global Intellectual Property Strategy Center, PC, and Zippo Manufacturing)
Members of ITAC 8 (the Industry Trade Advisory Committee on Information and Communications Technologies, Services, and Electronic Commerce) who've received the ACTA "internet text" who are:
Jacquelynn Ruff (Verizon), John P. Goyer (U.S. Coalition of Service Industries), and Mark F. Bohannon (Public Policy, Software and Information Industry Association)
(WiReD)
Twilight of the idlers
NYTeims on the (game of chicken | prisoner’s dilemma | etc) faced by the *ffluent with undeclared offshore money:
The whole issue has become a minefield for some wealthy families. Many offshore accounts are held in the names of several family members, who do not always agree on what they should do. Bruce Zagaris, a tax and criminal defense lawyer in Washington, said that in some instances, one family member was pushing to disclose an offshore account, while another wanted to keep the money hidden. One of his cases involves parents with an offshore trust for their three children, only two of whom had disclosed the assets. If the parents want to disclose the accounts, “they have to rat on one of their kids,” he said.
It’s tough being dishonest.
“Think of us like a coast guard”
Jordan Zinovich and Hans Plomp:
Before warlords toppled Somali dictator Mohamed Siad Barre in 1991, Somalia had a kind of stability recognized by the “community of nations.” As early as 1971, Somalia’s fishery was considered an increasingly promising economic resource. By 1982, Denmark, Germany, Italy, Japan, Sweden, the UK, and the USSR had negotiated fishing deals with the Somali government.(20) The so-called “piracy” we’re witnessing today seems to have started about 15 years ago in response to the international fleets that moved in to plunder the country’s rich fishery after the Barre regime collapsed.(21) [...]
But Somalia is without a functional government, and boats from many countries now freely ignore Somali territorial sovereignty. Foreign fishermen steal an estimated US$300 million worth of Somali tuna, shrimp, and lobster each year. And they reportedly use such internationally prohibited fishing gear as very small mesh-size nets and sophisticated underwater lighting systems.(23) Peter Lehr, of the University of St. Andrews, characterizes the recent incidents of “piracy” as “a resource swap,” where “Somalis collect up to US$100 million a year from ‘pirate ransoms’ off their coasts [while] the Europeans and Asians poach around US$300 million a year in fish from Somali waters.”(24) [...]
Illegal fishing wasn’t the only assault that forced these young men to sea: the illegal dumping of toxic and nuclear waste in their waters was another powerful motivator.
91101
From the perspective of the CIA, the mission to Siberia, whatever its quirks, was a success.
The soft bigotry of low expectations.
Rumbling Gates
WSJ (14 Aug ’09)
The Bill and Melinda Gates Foundation [...] sold off almost all of its pharmaceutical, biotechnology and health-care investments in the quarter ended June 30, according to a regulatory filing published Friday. [It] sold its total holding of 2.5 million shares in health-care giant Johnson & Johnson in the quarter [as well as] millions of shares in major drug makers, including 14.9 million shares in Schering-Plough Corp., almost 1 million shares in Eli Lilly & Co., 8.1 million shares in Merck & Co. and 3.7 million shares in Wyeth, over the same time period. The foundation no longer holds shares in any of those companies. Among the other health and life sciences-related investments the foundation liquidated are Allos Therapeutics Inc., InterMune Inc., Auxilium Pharmaceuticals Inc. and Vertex Pharmaceuticals Inc. The only life science-related holding the foundation retains is a 3 million-share stake in Seattle Genetics Inc.
Weak journalistic analysis:
The foundation’s decision to drastically reduce its exposure to health-related stocks is striking, as many of its charity grants have been disbursed to address developing country health issues. Its move comes against the background of anxiety among drugmakers and healthcare insurance firms about the potential impact of the Obama administration’s proposed overhaul of the U.S. healthcare system, which could put pressure on prescription drug prices.
Sooner of later the GF (et al.) need to, as Nixon famously said he said, pee or get off the pot: whatever they may gain from healthcare-related investments is more than matched by losses incurred by the increasingly dysfunctional economics of “healthcare,” which are by no means limited to the current shouting match in the US.
Factors to consider: (1) alternative R&D models: the GF has become the major sponsor ofpublic–private research partnerships, but like every other philanthropic organization it’s facing serious liquidity concerns. Pulling these investments will free up funds to support alternative nitiatives and interests and (2) send a signal that major hands-on investors aren’t happy with current political trends; and (3) pensions: collapsing pension funds (cf. Detroit, California, etc.) will be forced to make drastic cuts in healthcare costs in general and pharmaceutical costs in particular. The market won’t bear skyrocketing pharma costs anymore; but there’s something more afoot here.
Q&A
I’m from the Ukraine, and I’m here to help you
Bullitt County, KY, scammed by very detail-oriented Ukrainians. One small and surprisingly “human” part of a much more laborious process, documented by Brian Krebs:
[T]wo of the 25 so-called “money mules” who were hired to act as intermediaries in this scam [...] were females under the age of 35 who initially were contacted after placing their resumes on Careerbuilder.com. Each received e-mails from a company calling itself Fairlove Delivery Service. [...] Both were hired by Fairlove to edit documents for grammar and flow, and promised a pay of $8 for each kilobyte of data they processed [...]. The documents they were hired to edit often were full of grammatical errors and faulty or missing punctuation. [...] It’s not clear whether the cyber scammers first enlisted the mules as text editors in order to test their trustworthiness, or because they really needed their help making their scam letters look more believable. What is clear from looking at copies of the letters they were asked to edit, is that they were editing missives that would be sent to recruit and scam other mules. [...] The first person I spoke with, a 34 year-old woman from Miami, had been editing texts e-mailed to her by Fairlove representatives for a couple of weeks. Shortly after she inquired about when she would be paid for her work, she received an e-mail asking if she’d be interested in a position as a “local agent,” for the company. The Fairlove representative who contacted her via e-mail said something about how the company often had trouble getting money to its clients overseas as quickly as they needed it, and desperately needed help speeding up that process (at least they were honest on that claim). A description of the local agent job position, as sent to this woman, is available here.
The scammers netted a measly $415K, hardly worth all the hand-holding — this attack presages much bigger projects. And the prominence of the human touch suggests that the fraud racket is becoming more normal. By all appearances, they’ve done a very good job with their internal HR; but this kind of full-service “customer care” implies a shift away from primarily technocratic attacks and toward kinds of social engineering typical of mainstream organizations. And, dare we say it, branding: Fairlove.
Journalistic ethics, NYT edition
Randy Cohen, who currently “writes the The Ethicist for The New York Times Magazine” and will write another weekly column (“Moral of the Story”) “examin[ing] a news story from an ethical perspective,” shows either (a) sloppy writing, (b) a complete disregard for national sensibilities, or (c) a sort of carpet-bombing ignorance of the arts and sciences when he writes:
There’d be no reason to visit Pere Lachaise if it did not provide a physical link to Oscar Wilde and Jim Morrison.
Except for, say, Abelard and Heloise, Apollinaire, Balzac, Bernard, Bichat, Bizet, Bourdieu, Champollion, Colette, Comte, Corot, Daumier, Delacroix, Vivant Denon, Doré, Duncan, Éluard, Ernst, Fontaine, Fourier, Fuller, Gay-Lussac, Haussmann, Lyotard, Marceau, Méliés, Merleau-Ponty, Modigliani, Moliere, Nadar, Nerval, Ophuls, Piaf, Pissarro, Proust, Rossini, Roussel, Saint-Hilaire, Seurat, Signoret, Stein, and Toklas. And the Mur des Fédérés.
(photo: agramainio)
RT this
So if it doesn’t work out, do we also get a “twitter clampdown,” a “twitter bloodbath,” the “twitter terror” or the “twitter archipelago”? http://bit.ly/rtthis
Wilderness of twitters
Pay no attention to that harried intern behind the opaque process
State-corporatist innovative process revealed: industry lobbyists bitching that the groupthinktank’s independent report they paid for includes independent opinions. In the linked article, Michael Geist, who first spotted the plagiarized passages, uses an excellent phrase:
It’s equally telling, if not more important, on the copyright side. It’s a very clear confirmation that the kind of policy laundering that many of us have been concerned about, where you get large U.S. and Canadian lobby groups trying to launder their positions through seemingly independent groups, is exactly what’s taking place.
Geist’s identification of plagiarism was a good catch, but it obscures the bigger picture — in which policy coordination and harmonization require people working in different jurisdictions to arrive at substantially similar if not identical language. In this context, plagiarism is a feature not a bug.
Wikipedia cites Ian Hosein in its definition of policy laundering as a “means to disguise the origin or real purpose of political decisions, laws or international treaties.” Privacy International notes that “policies are being developed outside of national deliberative fora and then adopted locally in the interests of national governments.”
To see just how anemic these definitions are, compare Wikipedia’s definition of money laundering:
the practice of disguising illegally obtained funds so that they seem legal. It is a crime in many jurisdictions with varying definitions. It is a key operation of the underground economy.
If money laundering is a key operation in an “underground economy,” here’s a useful question in the form of a mad lib: policy laundering is a key operation in a(n) ___________ economy.
Unfortunately, the semantics of verticality (how ’80s is that phrase?!) are pretty one-way — down=bad, up=good — so it would be hard to coin a phrase that conveys the possibility of a sinister “aerial,” “atmospheric,” or “elevated” economy. Alas. But, neologism notwithstanding, there are different ways to break the law: if criminals do it by transgressing the law, influence-peddlers do it by changing the law. Rewriting definitions of policy laundering in a less wonkish way, one that more closely mirrors definitions of money laundering, would be a fine exercise. For example:
the practice of disguising improperly drafted laws and policies so that they seem bona fide. It corrupts representative government. It is a key operation of transnational conspiracy.
A bit bombastic, but a start.
See: “Plagiarism is necessary: state-corporatist innovation implies it.”
Markets in everything: loose nukes
American Chronicle, 20 May ’09:
U.S. Sen. Dick Lugar praised the cooperation between the United States and Kazakhstan that has led to the removal of more than 160 pounds of bomb-grade nuclear material from Kazakhstan through the National Nuclear Security Administration´s Global Threat Reduction Initiative. [...] When the Soviet Union collapsed, Kazakhstan emerged as the eighth largest nuclear power in the world. The United States has been working with Kazakhstan since 1993, when the United States first signed implementing agreements with Kazakhstan under the Nunn–Lugar program to secure or remove such materials.
Teh Grauniad, 1 June ’09:
Kazakhstan accused the former head of its state uranium firm on Monday of pocketing resources of the nuclear fuel worth billions of dollars, by transferring them to foreign companies he controlled. The KNB security service arrested the Kazatomprom chief, Mukhtar Dzhakishev, last month along with other officials, accusing them of illegal uranium deals. On Monday the KNB showed reporters a video recording of senior officials of Kazatomprom–which is expected to become the world’s biggest producer of the radioactive metal this year–confessing to wrongdoing by themselves and Dzhakishev. In a separate statement, the successor service to the Soviet-era KGB said Dzhakishev, who was sacked from his position shortly before his arrest in May, had used offshore firms to effectively take over some of the most lucrative uranium fields. “It has been proved that more than 60 percent of state uranium deposits worth tens of billions of dollars had been turned into Dzhakishev’s property,” it said.
What a difference twelve days makes.
See also: “loosenukes.com,” “Markets in everything,” “Protecting sources and methods,” “Rollup.”
Letting the help go
According to new statistics released by the Pentagon, with Barack Obama as commander in chief, there has been a 23% increase in the number of “Private Security Contractors” working for the Department of Defense in Iraq in the second quarter of 2009 and a 29% increase in Afghanistan, which “correlates to the build up of forces” in the country. [...] Overall, contractors (armed and unarmed) now make up approximately 50% of the “total force in Centcom AOR [Area of Responsibility].” This means there are a whopping 242,657 contractors working on these two US wars.
Since Obama probably doesn’t prefer to use contractors over soldiers, and this surely isn’t his long-term approach to “winning” either conflict, then it’s more likely the result of a pragmatic short-term strategy. It’s easier to pull contractors out of conflicts—just stop paying them.
[minor edit 090602:12:16]
Plagiarism is necessary: state-corporatist innovation implies it
It’s easy to laugh off this case of a right-wing think tank recalling three reports on intellectual property due to plagiarism, but what’s odd is not that the reports were copied but, rather, that that anyone would assume they could have been original.
RIGHT-WING THINK TANK MAKES UNEXPECTED, BRILLIANT CONTRIBUTION THAT TRANSFORMS OSSIFIED DEBATE WITH FRESH INSIGHTS
would be news.
But
RIGHT-WING THINK TANK STRAYS EVER SO SLIGHTLY PAST NORMAL MARGIN OF ERROR IN GENERATING TALKING POINTS THAT ARGUE FOR REGRESSIVE INTERNATIONAL HARMONIZATION OF IP LAWS
is not.






