Category Archives: IT

January 16, 2020 · 10:30

The time is now

Yesterday, an article in the BBC made me aware of a few items. Now, I was aware to a larger degree of most items, yet I kept it in the second drawer of the third desk of my brain, it was something I took for accepted and then shrug it off, so what changed? Nothing actually changed, but the article seems good enough to take a few items on view.

The article (at https://www.bbc.com/news/technology-51115315) gives us “Google has announced a timeline for implementing new privacy standards that will limit third-party use of a digital tool known as cookies“, now this is nothing new, it was always going to happen, yet we also see: “analysts say the move gives Google more control over the digital ad market where it is already a major player.  To make advertising more personal web browsers collect small bits of information that allow them to create a profile of the users likes and online habits“, the question becomes, is that actually true? And when we see “This presents a core problem from a competition perspective. It is yet another example of Google diminishing ad rivals’ access to data for the stated purpose of protecting users’ privacy“, a quote from Dina Srinivasan, a lawyer focused on competition issues is not really that truthful, is it? Apple made a similar move in 2017 and when we go back in time, we see Google Chrome, Mozilla Firefox, Internet Explorer, Safari, Microsoft Edge, and Opera. Most will have forgotten Netscape who became defunct in 2003, and basically stopped making a blip 2 years before that. We seemingly forgot about the exploitative market that Microsoft had in those days with Internet Explorer and all the crap it added to our HTML files (as did Word when we saved as an HTML file), in those days data in files was still an issue because there was a limit to what we could safe when we were not rich. Chrome was the first to keep our files clean, or at least lacking a lot of rubbish. Netscape was however on a different route, an employee of Netscape Communications, which was developing an e-commerce application for MCI. MCI did not want its servers to have to retain partial transaction states which was a killer for storage, as such they asked the people at Netscape to find a way to store partial options and methods of transactions where it mattered the most, at the side of the buyer, Cookies provided a solution to the problem of reliably implementing a virtual shopping cart, Google found a new way of using that idea and used cookies in the far reaching solution it currently has, they innovated, others merely took on board someone else’s solution and not they are all crying foul. Perhaps when these people had taken the time to innovate, they would have the choice, and the option of two years seems decent, so when I read “advertisers had hoped to have more time before it was implemented” is as I personally see a larger BS issue on timeframes and exploitation, if advertisers are in the now, they would be all about advanced implementation, yet they like their bonus and they seemingly do not like to spend money on investments to counter the timeline (an assumption from my side). 

Google’s director of Chrome engineering, Justin Schuh gives us “Users are demanding greater privacy – including transparency, choice and control over how their data is used – and it’s clear the web ecosystem needs to evolve to meet these increasing demands“, which seems slightly too political to my liking, but there we have it. Business Day gives us “But GDPR also made life harder for a cohort of second-tier adtech players trying to compete with the likes of Google and Facebook. The regulation’s provision to prevent data being shared wantonly with third parties seemed to give the tech giants an opportunity to tighten their control over user data” where we see that this was one of the foundations that led to the end of SizMek, some state that it was DSP Rocket Fuel that ended the heartbeat of SizMek, yet everyone ignores a simple truth, ‘an overcrowded ad tech market with independent vendors with an inability to face serious cost pressures to their pricing structures‘, they all arrogantly believed that THEIR solution was the real one and they all basically read cookies like the ones Google had distributed. You can all claim to have the magic potion that Asterix drinks, but when the truth comes out that he drinks Darjeeling tea from India, the playing field gets overcrowded and when the customer figures out what they get priced for the end is pretty much around the corner of the next door you face.

So as we are told “third-party ad sellers will need to go through Google to get information about internet users. But critics say that is an advantage that makes the market less fair and safe“, in my view my question becomes: ‘Which critics, names please!‘, the problem is that third party ad sellers have no rights, none at all, the rights should be with the owner of the computer, Google (Apple also) are setting (not by their own accord) that stage, Microsoft is using their Azure Cloud to counter the Cookie option on PC and Microsoft Console, but the hard sight is already there, the people who are unable, unwilling and cannot afford to set the stage still want their freebee and they are now starting to complain as they are made aware that their time has ended, even though this was the direction we saw in US politics and EU politics well over three years ago. The EU had their General Data Protection Regulation (GDPR) and everyone shrugged their shoulders stating that it would not happen that fast, yet that was three years ago and now the time has been set back to merely two years to go and the ad sellers are feeling the pinch of the cost they will actually face. Moreover, they are seeing the red lights of career ends. The Verge gave us “an industry that’s used to collecting and sharing data with little to no restriction, that means rewriting the rules of how ads are targeted online“, they gave us that on May 25th 2018, so 1.5 years ago, why is this now a problem? The people wanted this, ad soon it will be here, Google has not been sitting still updating their systems accordingly, and as such we see that the flaccid and non-concerned rest is now looking at a deadline a mere two years away. When we look to the larger field we see Criteo, LiveRamp, Trade Desk, Rubicon, and Telaria, all losing value as ad-tech providers, yet the opposite could also be true when they offer to the customer a value, a value where most ad-tech companies never bothered going. Yet the power of any ad-tech was never the cookie, that was for the most merely the revenue. They had 5 years to consider the power of ad-tech and they didn’t. The power of this is basically engagement. Facebook showed this year after year and now it is out on the larger field, those who engage will survive, the rest will end up on a dog eat dog football field and a few will survive but only as long as they push to the next hurdle and make it, if not they will end up on the obituary page (just like Netscape, however Netscape ended there for other reasons). 

I wonder if that is why Google is so adamant about its stadia? It would get a massive tier of small time developers creating engagement content to be released on mobiles. That i me merely speculating. 

Still the words of Dina Srinivasan are not entirely without merit, she gives the Facebook issue (at https://www.wsj.com/articles/yale-law-grads-hipster-antitrust-argument-against-facebook-findsmainstream-support-11575987274), and she makes a good case, yet the history of certain players need to be taken into account. Even as she was her own misgivings about the evolution of the digital advertising market, history had been clear, some of them basically did not bother, they wanted it handed to them for free and in the beginning they got away with it. And she made a point with “How could a company with Facebook Inc.’s checkered privacy record have obtained so much of its users’ personal data?“, yet equally we need to weigh this with the words of U.S. Attorney General William Barr. He gives us “he is “open to that argument” that consumer harm can exist through the use of personal data, even if a service is free. “I am inclined to think there is no free lunch. Something that is free is actually getting paid for one way or the other”“, which is what I have been saying on my blog for around 4 years, so happy to see people wake up in January 2020. So when I see “Ms. Srinivasan would prefer that Facebook be forced to change certain business practices, including how it tracks users when they are off the company’s platforms“, I wonder when they give account to the small truth that Facebook is a free service for a reason and they are no longer alone in this, you are going after the large players when they are in the largest danger by losing slices of that revenue pie to contenders elsewhere in the world (EU and China). 

Whatever you want to do is fine, but realise that it will put a large group of people in the streets without a job, I am not against them losing their job, but that revenue and that data will also flow in other directions and that is the one part that all players (with political support) are trying to counter as much as possible. I wonder if they will succeed. The weird part is that if this group had been properly taxed 3 out of the 5 major issues would also fall away and in that view a workable solution could be pivoted to.

 

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January 15, 2020 · 12:08

Devil in the details

We all make mistakes at time, the issue is not that we make mistakes, the issue is on how to clear the error in question, that is always how I saw work, we (without question) try to work without error, the people that tell you that they never made a mistake are usually lying to you. Some hide it, some clean it up before it is noticed, these are merely two types, but in honesty, who would you prefer to be working for your company (or the company you work in)? So when I got wind of ‘UK concealed failure to alert EU over 75,000 criminal convictions‘, I had to take a step back, you see, this is not some failure, this is not some sall bungle, the quote we are give is “The police national computer error, revealed in the minutes of a meeting at the criminal records office, went undetected for five years, during which one in three alerts on offenders – potentially including murderers and rapists – were not sent to EU member states” and as I see it it is not some small mistake, a stem like this does not work sometimes, it does not work or it works always. This leaves me to think that issues were filtered, optionally on purpose giving out a larger concern when we see “It’s an ongoing glitch that we need to fix. We are working towards getting that done“, I personally refuse to believe that this was a glitch, this was orchestration set to pass as a glitch, the question is why and when we see “There is still uncertainty whether historical DAFs [daily activity file], received from the Home Office, are going to be sent out to counties (sic) as there is a reputational risk to the UK.“

In this the Shadow home secretary Diane Abbott gives us “It is bad enough to have made serious errors in relation to sharing information on criminals, but it seems that there was also an attempt at a cover-up. Ministers need to come clean. When did they know about these failures, why did they not make them public, and how are they going to prevent any repetition? A full, urgent investigation is needed.” In this situations she is almost right, I believe that there was a ‘cover-up‘, I merely think it ended up on a ministers plate and that person reacted poorly to the situation. And with ‘how are they going to prevent any repetition‘ we see a much larger failing. From my point of view the system was designed or was set up to optionally hide certain elements, yet the reason behind this is unclear. For some reason I believe that at least part of the reason is ‘fear of damaging Britain’s reputation‘, yet not in the way that this is shown in the article. When you look at the statistical numbers all over the field, consider that the crime numbers were supposed to be 30% (the one in three) higher (if every conviction based on merely one crime), what then? 

The Labour party would blame it all on austerity, yet the truth is (as I personally see it) much more refined. We have been in denial of what any government needs to do and we in turn do not try the criminal path, and let’s face it, we saw other news that allows to take care of the shortage of police officers. 

As issues like we see with Netflix are not resolved, and as another article gives us “This research shows that Netflix is ripping off our public services by channelling profits through tax havens even though it appears to have employees, property, and a substantial customer base in the UK,” yet linked to this is “the Office for Budget Responsibility (OBR) forecasts will make just £30m each from the likes of Facebook, Amazon, Google and Netflix“, so basically 5 companies see the light of optional international passing their revenue, avoiding well over £1,000,000,000 in tax payments, do you not think that this would have lowered austerity (and improved police visibility)? So when we see a group of losers wrongfully blame a tennis player for the environment, what if we ask the people in the UK all to renounce their Netflix subscription? Let’s not forget we have Disney Plus now (as well as Stan and a few others), I wonder how that massive hit will go over with Netflix. After that we start taking care of Amazon, Facebook and Google, the other four will actually be much harder to deal with, but Netflix is not, there are alternatives and the people protecting Netflix (and others) better realise that we are all about redistributing that one billions and taking their £ 350,000,000 profit away from them without any hesitation. 

Yet I digress, it is the crime statistics that might go out of whack, optionally impacting tourism if they had been released. Now we need to consider that not all crimes are alike, yet the article gives us: “including murderers and rapists – were not sent to EU member states” and that statement surprised me, not because of those two, but because the number of armed robbery convictions would more than likely be much higher. We also do not know what happened to these people after their sentence, so there is the immigration and deportation part to consider as well. 

Yes, the article gives a certain lack (not judging), mainly because the start gives us ‘the Guardian can reveal‘, implying that this article had a pushed deadline to be first, as such the follow up in this matter would be interesting to read, I reckon that in the near future the Guardian would have a full page (or two) on this matter. So even if we had last may “There is a nervousness from Home Office around sending the historical notifications out dating back to 2012 due to the reputational impact this could have“, I personally believe that the Office for National Statistics (GOV.UK) has a much bigger problem in their near future, when the numbers going back to 2012, the interpretation of these numbers will suddenly get a very different story to content with. You might remember the sort of researchers that make a nice story when they get statistics and top line results. Their “when we look at these numbers, we can clearly see” and likeminded responses. When the results are a part of the 30% of convictions off, ‘we can clearly see‘ becomes an entirely different matter in this situation. 

It is the setting of “historical backlog of 75,000 notifications” and we see that, but not before we consider the National Crime Statistics site, which gave us a few parts we need to consider “4% decrease in police recorded homicide offences (from 728 to 701 offences)” for Homicide, “11% increase in police recorded robbery offences (to 85,736 offences)” for Robbery, and “According to the CSEW, there was no change in the proportion of adults who experienced sexual assaults in the year ending March 2019 (2.9%)” for sexual assaults which is up to March 2019. Now consider the fact that (optionally) there was no decrease in homicide, optionally a small increase, that the robbery numbers are higher than now and that sexual assaults did not stay the same, they went up. This would change the story for the Police department to some degree (not their fault) and the stage we see now that the investments required would change a whole lot because of the non registered foreigner effort. You see, I believe that the situation is less positive. I believe that “UK has failed to pass on the details of 75,000 convictions of foreign criminals to their home EU countries” has a much larger impact. In my mind there is no way that people will avoid looking at the statistics when 75,000 conviction cases are missing. I believe that there is a larger (speculated) play and it is not merely my point of view. When we look (at https://www.ons.gov.uk/peoplepopulationandcommunity/crimeandjustice/bulletins/focusonpropertycrime/yearendingmarch2016), we see again and again “theft from the person offences along with cash or foreign currency and mobile phones“, when we consider ‘foreign currency‘, yet why are these merely crimes by Brits? and why is it ‘cash or foreign currency‘? I believe that there has been a trend and even as 75,000 convictions do not add up against some of the numbers, but when we see “Crimes recorded by the police show a 7% rise (539,767 offences) in criminal damage and arson offences“, we see that 75,000 convicted criminals are more likely than not to be a much larger impact on the numbers and now we see correlation and optional co-variant impacts on some of the crime, yet even as a co-variant is not always a good thing, we optionally now see a larger impact and in this instance can the government give clear answers on whether these 75,000 criminal convictions are part of these numbers? I have reason to believe (I have no evidence) that this might not be the case. It is a larger setting and I personally believe that it was not merely a play to make the foreign governments not aware, it was merely a side effect. 

You see, if that was not the case, the issue of ‘foreigners and crime‘ would have had a much larger hit and a lot sooner, a total of 75,000 might force the Home office to take a different stance, one that costs money. It is my personal believe that there are elements missing. Not due to the Guardian of course, because that would take a lot longer to investigate and it is more likely that not that the Guardian and the Independent will be all over this when the impact of damage is seen to a larger degree (the size of larger remains debatable). 

Consider these statements:

  • In contrast a much lower number of adults had been a victim of theft from the person (only 7 in 1,000 adults) or robbery (3 in 1,000 adults)
  • Around 3 in 50 children aged 10 to 15 had been a victim of personal theft and around 1 in 50 had been a victim of criminal damage to personal property

Now consider the (optional and speculated) impact of the statements after the 75,000 convictions are considered

  • In contrast a lower number of adults had been a victim of theft from the person (only 9 in 1,000 adults) or robbery (5 in 1,000 adults)
  • Around 4 in 50 children aged 10 to 15 had been a victim of personal theft and around 3 in 50 had been a victim of criminal damage to personal property

The shift seems small, yet still visible, the fact that the damage to children is now (mind you speculated) approaching 10% is an actual much larger setting then before, its impact would constitute the need for the government to change its position on crime and support a different stance on crime related issues from police to prison it would impact the government budget to a much larger degree. Now, we need to remember that this is speculated and the impact of data is not clear at present, yet I remain that ‘one in three alerts on offenders – potentially including murderers and rapists – were not sent to EU member states‘ feels wrong, a system fails or works, it does not filter, this all feels like orchestration, yet the stage is not clearly set. The Daily Mail was off course a little more colourful with “More than 2,000 foreign killers, paedophiles and rapists are waved into the UK without criminal records checks as police arrest TWO every day” yet there is still no (clear) information on how the numbers impact, as I am personally not convinced that this was merely one system, as the shift in the department of corrections would unbalance the system with numbers that did not match the Home office and as such the issue would have been seen well within the 5 years it took now.

Could I be wrong?

Of course, the issue of data is largely unseen which give optional strength to my speculation, and we need to be clear, I am speculating on the matter, yet the issue is based on a larger issue, a clear IT issue, until there is a clear open presentation on WHY one in three did not make it into the register, I feel that I am correct. However, when we consider the sources that the UK has, I truly believe that this could not be contained to merely one segment, and that is my personal view on the matter. As such I believe the 75,000 will have impacted numbers all over the stage, the foreign policy part being the one that (finally) exposed it finally after 5 years.

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January 14, 2020 · 12:27

The cornered bully

We all have these moments, when we have to speak out against dopey (the bully in the corner) but the boss we report to is a spineless sack of shit and he will not do anything, more importantly he seems to be heralding the voice of the bully like he has credibility. So there we are, the bully (America), the spineless boss (pretty much most nations in the EU and the Commonwealth) and the people ready to speak out, the IT experts who are muzzled by bosses, because they are afraid to start a fight.

That is the setting that the Guardian introduces us to with ‘Using Huawei in UK 5G networks would be ‘madness’, US says‘ (at https://www.theguardian.com/technology/2020/jan/13/using-huawei-in-uk-5g-networks-would-be-madness-us-says). We have seen it before, the US is now getting more and more afraid of the billions being missed out on and they are going full throttle with the fear mongering. Even as we see “Matt Pottinger, presented an incendiary dossier which they said featured new evidence of the security risks of relying on Huawei technology in future phone networks“, we get introduced to the Gerbil-in-the-groceries Matt Pottinger the new flagship for presenting ‘news’ just like Colin Powell with his Silver briefcase. You see, I am not afraid to face that music, neither are the hundreds of intrusion experts who have been unable to validate the wild fantasies of America, America took the VHS example and is trying to steer the ships of nations and now they are boasting an unwillingness to share intelligence. This is nice, but in the end, the Intelligence from the US is backdated and there is every chance that it is as false as any news they spread. The entire bully network comes to blows when we see “The intense and public lobbying presents an immediate headache for Boris Johnson“, I also do not disregard “having been repeatedly advised by the UK’s security establishment that any security risks can be contained“, this is equally important, because Alex Younger who is the official Big Boss at MI-6 stated that infrastructure this important should not leave British hands, this is not a case of Huawei being a danger, it is a national policy and that is fine, I would even state that this gives the UK and option to buy the Huawei technology, rip it apart, set it under a loop and optionally give BT a chance to become a contender, US firms will jump at that opportunity, to have Huawei technology without the Huawei fear. Let’s face it, Huawei offered that solution to the US last year, but there is a larger concern and for the US it is not really spying, it is the fear where data will end and there are several new players all non-American whilst the American data gatherers are tapped out (financially), so the US is bullying all others to wait hoping that Silicon Valley will come with an American solution that is actually real 5G, all whilst it is not coming and at present all those who delay are losing momentum and twice the amount of time on the 5G path, so any delay up to a year means a 2 year delay and they all know that you are either better (the US is not), you are first (the US can not) or you cheat (the only path the US has at present). 

This all gives us two distinct realities, the first is that for the first time the US is not the first at the top in technology, a shock they have a hard time surpassing and they are not the only 5G company, they are really not ready for real 5G, you see in my past blogs I showed that whatever they call 5G is really not 5G, nowhere near, not at those speeds. The Guardian also gives us “Ahead of the UK decision the head of MI5, Andrew Parker, said over the weekend that he saw “no reason to think” that using Huawei technology should threaten intelligence sharing with the US“, Mr Parker is right, but mainly because the quality of US intelligence is seemingly fading, they are losing sources all over the Middle East and they have too little in the Far East, as such we lose out on a source that is mostly redundant. Mr Parker’s assertion is in opposition to “a senior US official who was part of the delegation, who said: “Congress has made it clear they will want an evaluation of our intelligence sharing.”“, two parts are shown here, the fact that the bullying continue and the fact that this ‘senior US official‘ is left nameless, just like the fact that this matter is on the desk of a deputy national security advisor. In the age where America goes to vote next year, no one wants to burn their fingers and their career on this, and when the truth comes out (and it will) their careers are gone in the international field and the national field no longer has the juicy options it once had. 

When we get to “The officials, who had flown in specially from the US, would not spell out what the “relatively recent information” that they had shared with their UK counterparts was“, it is all a load of HogWash (American expression), you see, If there was any actual danger the US would spread it like a wildfire to EVERY security IT Consultant, but they did not and the news is flat on that. What we do get is ‘Facebook and Google are as much of a threat as Huawei‘ (source: Marketwatch) where we see “Facebook is already undermining the democratic process, including in the U.S. itself, where the platform has facilitated foreign interference in elections.

 

In addition, Facebook has fueled division and fear, and refused to remove hate speech, Holocaust denial and anti-Semitic posts. The platform has been described as a “megaphone for hate” against Muslims, and it is accused of facilitating a genocide against the Rohingya in Myanmar. For these reasons, the British actor and comedian Sacha Baron Cohen recently called Facebook “the greatest propaganda machine in history.”” This is true but it is only he side effect of the matter, the real issue is not there it is seen in “these threats already exist, because Facebook (which also owns Instagram and WhatsApp) and Google (which owns YouTube) have an astonishingly comprehensive range of data about their users — their location, contacts, messages, photos, downloads, searches, preferences, purchases, and much else” It is not the porridge, it is the spoon, the data is everything and as the data no longer merely flow to America, but it will flow to China as well (via aps and so on) in a larger growing slice it will no longer flow to the US, that is the real fear, it will impact all firms relying on data and that is the real ticket and it will have an impact sizing up to billions of dollars every year, it is a larger impact as data becomes the new currency. I will go as far as setting the stage that the IP I had designed will impact it even further for the globally based 400 million small business firms. Even as America sneers at the little guy, they are the foundation of data, not Google and not Facebook, they are merely the facilitators not the creators. That reality is now up for grabs in more than one way. If it was really all about security, the news would have picked up to a much larger degree to ‘Cisco critical bugs: Nexus data center switch software needs patching now‘ with the added text “Cisco has disclosed a dozen bugs affecting its Data Center Network Manager (DCNM) software, including three critical authentication-bypass bugs that expose enterprise customers to remote attacks” (source: ZDNet), this is not the first time, I gave more info months ago when at least one such an issue woke up and whilst all are screaming about 5G security and feigned Chinese values, they all ignore the Elephant in the room (Cisco), I do believe that it was an honest mistake, there was no ill practice at work (from the side of Cisco), but there is a larger concern and those security advisors connected to the Oval office do not seem to care (or optionally merely not comprehend), it is a larger issue that is impacting the Fortune 500, but the press is blind to it. In support there is also ‘A Cisco Router Bug Has Massive Global Implications‘ (source: Wired) with the added information “The devices play a pivotal role at institutions, in other words, including some that deal with hypersensitive information. Now, researchers are disclosing a remote attack that would potentially allow a hacker to take over any 1001-X router and compromise all the data and commands that flow through it. And it only gets worse from there“, which was given to us last May, with the almost complete rundown by researchers from the security firm Red Balloon. And the added information “Once the researchers gain root access, they can bypass the router’s most fundamental security protection. Known as the Trust Anchor, this Cisco security feature has been implemented in almost all of the company’s enterprise devices since 2013“, this is the setting, an impact that is global and the US is keeping it quiet, yet the unproven stage without any real evidence is heralded to the max, which gives the larger implication that this is about data and about the financial security of the US, and why should we pay for that? They were flaccid for years, they refused to innovate and China started to innovate, even as we see in the Guardian article that the kit from Huawei “cheaper and more advanced than rivals“, we see one part, the fact that the US has nothing to counter what Huawei offers is the larger concern (for America), they are 2-3 years behind and that implies that they have nothing to enter the field with until 2025 and become a real contender, at which point Huawei is the new standard and as such data will flow via Huawei and not via American solutions, the data loss for America will be to some degree crippling. their revenue from advertisement, their revenue from data sale and other revenues liked to that are all impacted, it could cost the US 50-150 billion in the foreseeable future and that is where the US fear kicks in, their debt is out of control and that amount would have a much larger impact on the infrastructure that can no longer be paid for, one system after another will fail, a cascade of systems all collapsing because the US has no reserves left, the EU is also out of reserves and they see the 5G part as essential to surpass American firms and most need to contend with spineless politicians and long winded ‘talks’ by the EU gravy train, the are all in it for the money and commercial EU is seeing it all come apart, they can hold on if they get the 5G edge, an option that the US dreads. 

As such the cornered bully is getting more brazen, relying on past tactics that exploded in everyone’s face and they are still doing it, hoping that they can get away with it the second time around, optionally they will rely on other technologies, as long as they are not Chinese, it is not the hardware, it is the data. Ericsson gives us “5G is designed for industrial applications. This means that falling behind on 5G as a platform for innovation will jeopardize the European industrial base. With two global vendors based in Europe, the continent has the prerequisite to lead” (they merely fail to inform us (for valid reasons) that the two players are Ericsson and Nokia, but their solutions are almost two full generations behind Huawei, they would need two years to upgrade and that is what they face, they were all asleep at the wheel and now that the ferryman wants to get paid for all the time they were asleep, they are no longer willing to foot the bill, 4G is almost at a break even point and that is stopping most to go forward, even as they see that 5G is going to take over, they are all afraid that the next iteration of hardware is just beyond the horizon. And they are still setting larger foundations for themselves, because the real cash is the data, not the hardware and that is the stage where they all need to select an optional new provider, the devil you know beats the devil you know not and they want their coins. 

In all this the bully in the corner is getting more and more aggravated and we see that, but they did this to themselves, when I can surpass the US in IP (something I never thought possible) that is the point you need to realise where the US failed, their IP is just not there and they have no real counters other than the Silver Briefcase scenario hoping it will buy them enough time.  You see, when we accept the foundation of one quote: ‘5G Antenna Market was estimated to be US$ 9,835.0 Mn in 2018 and is expected to reach US$ 34,720.1 Mn by 2027 growing at a CAGR of 15.5% over the Forecast Period Owing to the Evolution of Smart Antennas‘, we see what the US is missing out of, the antennas alone are setting the stage of 9-15 billion each year surpassing my estimation of 50 billion value by 2022, yet that is merely the antenna’s, Huawei launched their 5G routers last week and that is where the money becomes a serious setting. When we combine the stage offered “The power of the chipset enables the router to be the first to support commercial application of 4G and 5G dual-modes. It is the first to have the capacity to perform to industry benchmarks of peak 1.65Gbps@100MHz download speeds” with “LTE Advanced has been available for several years now and some carriers (notably AT&T in the US) are calling it 5Ge, or 5G Evolution, even though it is most definitely not an official 5G standard, but rather the latest iteration of 4G” (source: Forbes) you get to see how dire the US situation is for the US, they claim to be 5G and they are not, they claim that Huawei is a danger and they cannot prove that it is, the data is everything and they are at an ever growing risk to lose large chunks of it. Now that Huawei is forced towards their Harmony OS, we will see a growing non US population switching, meaning that the data is no longer going to the US in a readable format. That is the larger loss for the US and they are getting close to desperate. 

In my view, that is the consideration of dumping the brains that they needed and that is the consequence of a flaccid business path, down the track it tends to cost and the US is scared of that moment, hoping to scare all others, we see that the EU is considering their options and as the US loses nation after nation we see  larger stage, when the data surpasses into national hands again, they will not care about US substandard intelligence, most will have their own and a new generation of apps will be adopted by its users on a global scale.

 

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January 9, 2020 · 11:34

Travel by Ransomware

On Tuesday an interesting article was given by the guardian (at https://www.theguardian.com/technology/2020/jan/07/travelex-being-held-ransom-hackers-said-demanding-3m#maincontent), the title ‘Travelex ‘being held to ransom’ by hackers said to be demanding $3m‘ almost said it all and then I noticed something. First we get “Criminals are thought to be demanding about $3m (£2.3m) – to give the firm access to its computer systems after they attacked using the Sodinokibi ransomware on 31 December“, the price is not set without quarter, this we get from “They are reportedly threatening to release 5GB of customers’ personal data – including social security numbers, dates of birth and payment card information – into the public domain unless the company pays up” as well as “banks who use Travelex’s foreign exchange services to stop taking online orders for currency, affecting Sainsbury’s Bank, Tesco Bank, Virgin Money and First Direct.” You see Travelex, based in London, has a presence in more than 70 countries with more than 1,200 branches and 1,000 ATMs worldwide. It processes more than 5,000 currency transactions every hour yet, even as we see that it is on the London Stock Exchange, however the group is based in the United Arab Emirates. As for the actions we see “On Thursday 2 January, the Met’s cyber crime team were contacted with regards to a reported ransomware attack involving a foreign currency exchange. Inquiries into the circumstances are ongoing” here is the snag, what are the chances that US actions are impeded as it impacts 70 countries? Is there a reason why the FBI is not equally involved? You see, Sodinokibi is a spin off from Gandcrab and as we see (at https://www.bleepingcomputer.com/news/security/fbi-releases-master-decryption-keys-for-gandcrab-ransomware/) the FBI got those keys. Now the keys will not be compatible, but if they get one solution, they might get another solution. The fact that corporations are hit and we see “the developers behind the wildly successful GandCrab Ransomware announced that they were closing shop after allegedly amassing $2 billion in ransom payments and personally earning $150 million“, we would want to think that the FBI is on top of this and get some pay-back (I had to use that pun).

We also learn from Acronis “Sodinokibi ransomware exploits an Oracle WebLogic vulnerability (CVE-2019-2725) to gain access to the victim’s machine“, and when we go to the Oracle page we see that there had been a solution from last May onwards. there is also the part “Product releases that are not under Premier Support or Extended Support are not tested for the presence of vulnerabilities addressed by this Security Alert. However, it is likely that earlier versions of affected releases are also affected by these vulnerabilities. As a result, Oracle recommends that customers upgrade to supported versions” the question becomes did Travelex forget to do a few things? the article does not pan out on that.

Yet in all this IT News (at https://www.itnews.com.au/news/ransomware-shuts-down-travelex-systems-536191) gives us ‘Unpatched systems could be attack vector, say researchers‘, and they also give us “No evidence has surfaced so far that structured personal customer data has been encrypted, or exfiltrated. This is in contrast with a report in Computer Weekly that alleged the criminals deploying the Revil/Sodinokibi ransomware had attacked servers storing sensitive, confidential information that included customer names and their bank account and transaction details” and it does not stop there. They also give us “Troy Mursch, chief research officer at security vendor Bad Packets said it notified the forex multinational in September of a serious vulnerability in its Pulse Virtual Private Networking servers. The vulnerability went unpatched until November” which sets a much larger question mark on the entire issue as the news give us that the attack came almost a month after that. They curtiously also give us “Prior to that, security researcher Kevin Beaumont noted that Travelex was operating cloud instances of Windows Server on Amazon Web Services that had Remote Desktop Protocol (RDP) enabled and exposed to the internet, but with Network Level Access (NLA) control disabled. An RDP flaw, known as BlueKeep, allows for full remote compromise of Windows without user interaction” and these issues are not asked about? At least the Guardian article does not stop on them. 

The most hilarious response is seen at the very end of the IT News article with “Despite the attack closing down online systems, Travelex said it does not currently anticipate any material financial impact for its parent Finablr” Travelex might have numerous issues to consider, but the customer does not make the high point of that, or as I would mildly put it, who cares about Finablr? Well I reckon that the London Stock Exchange cares as the value of Finablr made a crashing 17% loss, that is almost one in five pounds that is lost too those bright young lads (ladies also). They advertise (on their website) ‘Finablr is a global platform for Payments and Foreign Exchange solutions underpinned by modern and proprietary technology‘ instead of ‘Finablr is a global platform for Payments and Foreign Exchange solutions underpinned by modern and proprietary hackable technology‘. It is a small difference, but a distinct one, especially as Oracle had placed a solution for months and the second message by Kevion Beaumont does not help any I reckon. In support a source gave the BBC that they feel let down, complaining that their travel money is “in limbo”, which is interesting, as the Guardian article gives us “Travelex first revealed the New Year’s Eve attack on 2 January, when it sought to assure that no customer data had yet been compromised” and as the article came 5 days after, the absence of victim mentioning is an interesting one, it seems that Travelex is not handling this situation well on a few levels, optionally also in arrear of making mantion towards the customers, all in opposition to the text on Travelex.com, which gives (among more data) “Tony D’Souza, Chief Executive of Travelex, said “Our focus is on communicating directly with our partners and customers to protect them and their information from any further compromise. We take very seriously our responsibility to protect the privacy and security of our partner and customer’s data as well as provide an excellent service to our customers and we sincerely apologise for the inconvenience caused. Travelex continues to offer services to its customers on a manual basis and is continuing to provide alternative customer solutions in the interim. We are working tirelessly to bring our systems back online.”” 

As such we get Travelex giving us one part and the BBC giving quite the opposite, and at this point my question becomes, exactly how much money is ‘in limbo‘?

That and a few more parts all rise to the surface when I look into this matter, the entire time gap on the side of Travelex being the most prevalent one. The one part that Acronis made me wonder about was the exemption list, the fact that It will try not to infect computers from countries based on the locale setting of the computer, which gives us “Romania, Russia, Ukraine, Belarus, Estonia, Latvia, Lithuanian, Tajikistan, Iran, Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Turkmenistan, Uzbekistan, Tatarstan“, the reason is unknown to me, perhaps they fear those countries and their ‘justice system’?

By the way, the entire Finablr website mention was essential, they are so for the ‘future’ yet security is seemingly not among it. That part is seen when we consider “In April 2019, the Cybereason Nocturnus team analyzed a new type of evasive ransomware dubbed Sodinokibi“, as such it took the Oracle team months to get a solution made (which makes perfect sense) yet the lack of implementation by Travelex is less normal. From all information it seems to me that Travelex should have made larger steps to be secure no later than Halloween, so the issue is a little larger than we consider, and the fact that Sodinokibi is a much larger field that goes back a few billion dollars. This is a contemplated speculation when we look at CSO Online where we get “While Sodinokibi is not necessarily a direct continuation of GandCrab, researchers have found code and other similarities between the two, indicating a likely connection” implying that for at least one person $150 million was not enough. 

As such, the entire Travelex issue will be around much longer than the ransomware will be, there will need to be a larger amount of questions to its mother organisation Finablr as well. From my speculative side it seems that some players are lacking certain IT skills, or/and a larger shortage of it, that is the initial feeling I got when I saw the information that Troy Mursch and Kevin Beaumont handed over to the press, and so far the information as seen supports a larger failing in Travelex and optionally Finablr as well. There is support for my way of thinking, no matter who is on the board of directors, none of them are IT experts and that is fine, yet by not having a visionary IT expert leading the charge we see a larger failing coming their way. It is not merely having an IT department and a security department, someone needs to spearhead and protect IT issues in the Board of Directors and there is no evidence that this is happening, actually the Travelex issue gives rise that it is not happening at all. More important, the issue with the website is that it is highly sales oriented, and when I had a look there (I reckon the Sodinokibi members as well), I wondered how secure are Unimoni, Xpress Money, Remit2India, Ditto and Swych? When one of these points get attacked, will the board of directors act appropriately? It is optionally a little ironic that they are hit whilst they advertised a paper on their site on November 20th (a month before the attack) ‘Why data protection is your new strategic priority‘, my initial thought? ‘Sarcasm, when it backfires it becomes irony!‘ Yes it seems like a cheap ride from my side, but we forget that Common Cyber Sense is a real thing and corporations need a much larger vested interest in being safe than ever before, GandCrab showed that part months before this event took place and I reckon that Financial corporations need to take a much larger vested interest in that matter, or so I am led to believe, I could (of course) be wrong.

What do you think?

 

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January 8, 2020 · 13:56

Needs of the public

This started last Friday for me, I had taken notice before and I even wrote about it earlier, yet the shift of the view also implied and made it a shift of priorities. In this age and the age of needing to matter, we see a shift in priorities of all the players. Keri Paul the writer has a clear view and that view matters and is on point, yet the dangers are not his view, it is the other side of the coin. Weirdly enough it is a card game that is similar to this, it is Androids: Netrunner that gives us the view that we can explore and dig into the depths we need to. It is Hacker (user) versus Corporations and Government.

When we consider “Servers are created, net security is hooked into place and agendas are advanced, with the runner having to take a blind guess at what these cards might be. Does that server contain the game-winning agenda, or is it a “cerebral overwriter”, which will leave them damaged if they touch it?” (source: the Guardian) And that is the setting in real life too, we cannot rely on an actual whistleblower at the Google Board of directors (I also oppose such actions) we need to consider what the priorities of Google are. In my view its priorities are set around data and China has endangered their market to the largest degree, it does not matter why it happened, because the value of data has always been without question, the entire Trump-China matter merely advanced the time-line, this was however always going to happen and it is Apple (Microsoft too) and Google that are rich enough to counter it to some degree. I myself would have thrown myself onto the growth sector in the Middle East as it is will be the new powerhouse for China (and particularly Huawei), a fact too many are ignoring. This gets us to the first quote in the Guardian article (at https://www.theguardian.com/technology/2020/jan/03/google-executive-human-rights-activism) “Ross LaJeunesse, the former head of international relations at Google and now a Democratic candidate for US Senate in Maine, said he was forced to leave the company after reporting discriminatory practices, and that his work to combat censorship was at odds with Google’s desires to expand into a growing market in China“, it is not the wildcard ‘reporting discriminatory practices‘ that matters here, it is ‘desires to expand into a growing market in China‘, Huawei is merely the most visible path, and their new Operating System Harmony is merely the start of a much larger concern for the US. China has 1.3 billion people, let’s say that only 700 million users, that is still well over twice the amount of US people, as Harmony gets traction in China for certain, it will be able to grow in other regions too, the Middle East is a first where the threshold is the lowest with close to 160 million optional users, Egypt really makes a hit there, and as China applies its customer service to the Middle East we will see that within 5 years parts of Europe will consider switching, this is the 90’s in reverse. As the 90’s saw marketing of Microsoft push people to another level (Windows 95 did help), we see the roles reverse, now we see the exploitative tactics of Microsoft and Apple backfire as those tactics come under fire, there will be too much documentation showing these actions. 

Now that data comes into view, we see another economy, this economy that is set around data and IP, more important WHAT ELSE can be done and this is where quote two comes into play ““In reality, I don’t think we can trust Google,” he told the Guardian. “It has been shown time and time again, whether in how it handles personal data to when it’s asked to address violent content online, that we cannot take Google at its word any more.”“, in China it leaves data concern to the Chinese governments, as long as they can come in. Democrats and Human rights are all about the rights of the people and their personal data, yet governments do not care about those rights, they never did (if you think they did, you are nuts). Yes that hurts, but it is the truth. If America embraced Human Rights so profoundly, insurance and other players would not have the data they do and Cambridge Analytica would merely be a nightmare of the paranoid brain, but it is not, is it? within the law the setting of data is too large a sif and both China and the Middle East have their own settings for what data is and what rights are and like in the 80’s companies tried to accommodate whatever they need to to turn a dollar, that path is more profound now than it ever was. We see this path in “LaJeunesse spearheaded a 2010 decision to stop censoring Google search results in China and worked to establish a company-wide human rights program – efforts that were challenged when Google returned to the Chinese market with a censored search product code-named Dragonfly in 2017” it is a reality that many face and now that there is a larger concern for wat is affordable, players like Apple will see their profits shortened. 

It is the last quote ““When I started at Google, there was a sense that we really believed in the power of technology to make the world a better place,” LaJeunesse said. “It’s not like that any more”” that hits home, you see, the world changed, the needs for margins increased and the need to get more sold at the Google margins than ever before, that is the game we all see played when stockholders and shareholders are involved. I remember a conversation with a commercial manager in the 90’s who stated that this is not true, I was proven correct within 14 months after that, and that is the other path, even as margins are low the profits need to come from someplace and data is the next hurdle, a large economic hurdle, you can own it all, but that path is not economically viable, yet accommodating government needs is and they will pay through the nose to get a good handle on it and stream that data to their analytics. The Chinese know this and the people in the Middle East are figuring it out, in that setting Google has two options, be a player in that field or leave it to others. What do you think they will choose? Did you really think that Page and Brin departing was such a big deal? I reckon that it sped things up, they needed other people to voice needs and I personally think that they got that done by changing their board of Directors (merely my personal view). 

The entire setting changes a little when we look at places like CES2020, when you think of it it is a lot about data and that makes sense, but the handling of data is now a larger issue than ever before, even as we consider the impact, we overlook it. The quote “interpreter mode allows an Assistant-powered smart display to translate a conversation between two people, each speaking a different language. Google says more businesses have committed to using it this year, including American Airlines, HSBC banks and a handful of hotels around Vegas, San Francisco, LA, Japan and Qatar“, we see the technology on the spoken word and that has a much larger impact than you thought it would. Even though we get “Google Assistant isn’t supposed to record anything you say unless you start the sentence with “Hey Google”“, we also get “that doesn’t always work. Sometimes things on TV will cause Assistant to perk up its ears; other times you might be mid-conversation and only realize you somehow caught Assistant’s attention when it responds “Sorry, I can’t help with that.” With that in mind, you’ll now be able to say “Hey Google, that wasn’t for you” to have it wipe its history of the last thing you said“, yet how many considered the leap from when it started until you stated the correction and it “wipes its history of the last thing you said“, here we see it, what is ‘the last thing you said‘, there is your margin and it will affect its use nation by nation, they all have to file for corrections and of course, some nations like the margins they have and optionally want to widen it. An automated secret police, right in your very own home.

This is not some paranoid consideration, it is reality and it is coming this year, all whilst Harmony is on the heels of Google being in the same setting of life and data. It is the setting where it changes, the IP and who owns it makes the larger strides in two areas where it matters and at present Huawei has more IP, they merely have an advantage and that is the area where it matters, because whoever has the IP has the battle turned to their favour. Did you think there was no hindsight from me when I offered my IP to China? The entire setting of the US changing its mind like bad second hand car dealers is the controlling stage, a stage where the people in the American Administration cannot make up their minds leaving the inventor in the air whilst the corporation make headway. There is a larger issue especially when we look at the US, UK and China in jointly owning IP, it is becoming a lot more murky in recent years and that stage is almost literally fraught with dangers for the maker of the IP, in that stage trusting your company to be fair to you is now open to discussion. 

This is not nearly the end, especially when we consider the IP side, this part was given to all by Sophos when we are treated to “Google has temporarily disconnected Xiaomi’s IP cameras from its Home Hub service after a user reported that he was seeing images from other people’s devices” a mere 10 hours ago. Did you think that this was only happening 10 hours ago? This has clearly been going on for a longer time and we are merely informed on it now, as we see that part and consider that other phones have optional weaknesses on this side and we add the consideration of user rights from one to another and the ‘excuse’ “The Chinese manufacturer admitted the mistake and explained that it was down to a caching issue on its server“, did you think it was that easy? Why was it even cached on a server? What other data is cached? A lot more questions become open to interpretation when one mistake merely opens the can of worms that was there and the issues are only increasing, global marketing is making sure of that path. Oh and this is not just Google, there are a number of questions that rise when you consider the weird choices that Microsoft made with their Azure cloud, that part becomes visible when you switch on any Xbox made after 2014, yet it is buried by them by stating that this is the responsibility of your telecom provider, even when you are trying to explain to them that it is about the upload, not download. it is a global problem and that is a bad thing, but that is quite literally the game we are signing up for.

Google is only one of many and they are not evil, they are trying to stay afloat in a world of providers and data capture solutions. When (not if) data becomes a viable currency those who are in charge of the data will decide what comes next and that is a game that is now being played between governments and corporations, and where are we? If we are the Android: Netrunner players we are the hackers and we need to set the hardware up for what leaves our hands and we get to say less and less in that regard. The problem becomes, there are 4 billion people (read users) and a lot of them do not have the skills to install any backdrop and the information on the internet is not to be trusted in many cases (they always want you to install THEIR solution) which negates the entire issue as data is siphoned. And as you realise that someone owns your data, the question becomes: ‘Who will you trust?‘ all whilst they merely want the same thing, my personal idea is not to trust anyone and for the most I do not care where the information ends up being, it merely ends up somewhere and it is for that reason that I NEVER link any social media. It is merely a good idea to hand over as little as possible.

In the end this is coming, Harmony will be available to smartphones this year, so the battle will soon intensify and we will start to get weird fear mongering stories from the US on how Harmony will crash your mobile and other things, yet in the end JHarmony will merely start at the Huawei users and as they get no issues (other than US blocks) we will see a technology polarisation in mobiles, it is the stage that Google is desperate to avoid at all cost. And as Harmony gets rolled out beyond China Google will get more and more willing to be flexible, no matter what the US government states, that is the part the US administrations are intentionally blind to, the US has 325 million people, in a world with 8,700 million people, the US does not add up to much on population numbers, corporations see that.

All whilst Google needs to content against numbers like “the company’s inability to work with companies like Google, Huawei’s business has been thriving. The company’s fiscal third-quarter revenue increased by 24.4% year-over-year, and smartphone sales jumped 26% year-over-year in the first three quarters of 2019” (source: Business Insider), all whilst Apple phone sales went down and by a scary amount, and at present it seems that the 5G market is decided out of US hands, making Google even less happy, as mobile markets are their eggs and bacon, they need to do whatever they can to be part of that and for Google this is decently easy, for players like Microsoft less so. The issue is harder for the US, we see all the news and information on heralding 5G in New York giving the user 36Mbps (in one 5G movie), yet when we look at the 5G specs we see: “5G speeds will range from ~50 Mbit/s to over 2 gigabit at the start“, so we see 5G marketing and 5G pricing at below 5G speeds and the people are not catching on, you might see this as a separate issue, but the net runs on speed (quote literally) and the US hiding behind marketing is not catching on, that is the stage where Google wants to get ahead of the curve and therefore it needs to be in a Huawei environment, it needs to be in China for several reasons, the US and its administration is all about misdirecting the people whilst corporations know better and the ardware people want to get ahead of that curve so that they do not fall behind, Google has too much to lose. We might see it as the need of the public, but that need is fuelled by corporations and Huawei is at the top of that chain (at present) so other players like Google need to set a larger stage where they are players and no longer mere service facilitators. 

In all this China and the Middle East are surpassing the US and that is a stage we have never seen before. Wired Magazine gave us “AT&T launches its new next-generation wireless network, but breadth of 5G coverage in the US still lags South Korea and China“, which is the issue, at present the US is in third position in a market they used to rule, and they are in danger of reverting to fifth place by the end of 2020, for the first time in history the US will be trailing others, Google wants to get out of that cursed position as fast as it can. The US (via Wired) gives us “so far, the fastest 5G download speeds in the US top out at around 1.8 Gbps, according to tests conducted by data analysis firm OpenSignal. Those are the fastest speeds in the world, but they’re rare“, I myself did not see any video or evidence showing anything over 200Mbps, making the statement more debatable (like testing setup versus actual connection), yet that is my personal view whilst I am not in the US. The Verizon options are in 24 cities (the US apparently has a lot more places), so that is lacking, it also gives for New York that ‘5G Ultra Wideband near these city landmarks‘ in Midtown, Hell’s Kitchen, Harlem and Downtown Brooklyn, so there is a lot missing and you need to check this for all the regions you plan to be in in 2020, even as you ‘scale back’ to 4G LTE, did you pay for that? Well apparently you did at Verizon, and they are one of a small amount of providers and none of them are national, that is the back push that you see in the US. I am not stating that China is better, they are not, but they have the advantage of Huawei and so will other regions in the world soon enough. 

This setting is important, because Google needs itself to be heading that wave, not following it and in that regard it needs to be in China (and the Middle East), as such the second statement I gave (from the Guardian) is the most important one and Google is all over it, plenty are not (read: most cannot afford the cost) and in this stage where Data is currency, we see that this war may leave the US crippled because of the limitations it pushes onto itself, even whilst the claims were never supported by any evidence and that is not merely my view, it is also the view by a large amount of cyber specialists that are a lot more knowledgeable in that field.

All these issues are linked to the movement of Google and from there the needs of the public are addressed, from an American perspective it will be Google or nothing, yet the non US part is looking at another setting where it is Google versus Harmony and at present I cannot tell whether Harmony will be a bad choice. That is the scary part for Google, as the public tries Harmony and nothing sets them back in the use of their mobiles, we will see a larger and a quicker curve towards other solutions (or away from Google). 

That is the fight that will be in the up and coming this year, as Harmony gets released we will get governments making huffs and puffs away from Harmony, yet let there be no mistake, it will not be towards your data privacy, it will be the currency that pushes them and data is the current they need. We will be ‘lied to’ whilst they will stop at giving out evidence as much as possible. That is what we get to look forward to in 2020, the needs of the public, our needs are what governments and corporations make it to be, not what we decide and that is for a lot of people the largest issue at present, even as it is about data, is it not interesting how they all circumvent that part of the equation?

 

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January 2, 2020 · 10:52

Twenty twenty is visual

Yes, we are in the new year, yet this year (according to Forbes at https://www.forbes.com/sites/zakdoffman/2020/12/29/us-and-china-technology-conflict-heres-why-2020-is-so-critical/amp/) will be a lot more critical than anyone thinks. Yes it is about Huawei, however not in the same lame way that the US administration brings it. Here we see: “Huawei has 42% of the huge Chinese market and more than 25% of the Russian market to get it started. Then on December 28, China’s state media announced that its “Beidou” alternative to America’s GPS satellite navigation system will be completed“, now this is a different kettle of fish. It is not about government intel (in a way it is), it is about who gets the data and the lies that seemingly originated at the oval office are now no longer about ‘the chinese government connections’ it is more about how the US government is not getting the free data that they have had for so long, moreover as we take notice of “But Beidou—“Big Dipper” in Chinese—will not stop at China. It will focus on converting markets in South East Asia, Africa and Eastern Europe, price- and investment-sensitive markets” we see a much larger concern for the yanks, they are at risk of gaining access to a little over 50% of all given data by the end of 2020, that is something to notice, and in my view they had it coming. They make one accusation after another and never show any data to support it. Even now (yesterday) as we see the number of links of TikTok and data, I was able to find well over a dozen US sites where the advertisement of the TikTok app continues, one is called seemingly hypocritical national security (I actually do not know the Tik Tok situation), the other is money and money trumps Trump.

I am baffled why the US would think that this free reaping would continue, I am actually amazed that Russia did not have its own version of software ready. We even see “Russian President Putin described the U.S. campaign against Chinese technology as “the first technological war of the coming digital era.” His point was that this is the start of something much greater and more significant“, he is right in more than one way. Do you think that I would offer my IP to the US when I know that I am getting lied to? I wonder how large the failing list is actually hitting Google and Facebook, the fact that people are intentionally getting misinformed should show up in their numbers as well. For those who have no real affiliation to Social media, China is becoming more and more interesting, the moment that it has a real Facebook equivalent, we will see a much larger jump. For Google the mess is not that big, YouTube is an engine that people cannot live without (pretty much the medical condition is ‘acute VideoitisfromYoutube failure‘) so as we cannot get treated on that, we will continue in the YouTube realm. I personally believe that if the news was a year ago that China was launching its own services the news would have been accepted differently, the entire ‘China is all about spying through Huawei‘ got us on the wrong foot, just like Iraq, just like two other events afterwards the US have been handling billions of free voices and the free voices are through with a lying party like America.

So whilst we take notice of “For China, it will increase its independence and influence. For the U.S., its grip on key standards will loosen and for some of its key players there are risks they could loose material market share“, that is the ballgame, the ‘loose material market share‘, until the beginning of the internet, the US has never had an equal in this fight and in the economic place they are now they are scared. Consider the interest on $23,000,000,000,000 all whilst they are facing a technology user setback of 10%-25% in the first year, and as Asia, Russia and Europe start folding away from the US solutions the interest is impacted and can no longer be paid, for example try the Apple solution for $1749 (down from $2365) and as things ‘suddenly’ become affordable for the people, think of how the population reacts to the coin grab of 2010-2019 when they were trying to make ends meet. This technology wave will follow an anger wave that the US is unable to stop, and beyond that, Huawei has a much larger base soon enough. In Saudi Arabia Huawei was able to set the stage of a strategic memorandum of understanding, healthcare is only the first step and as it shows the progress it will entice Egypt and India, at that point Huawei will achieve two paths that the US only hinted at and sneered (their version of enticement) for well over 10 years whilst never delivering. The people who decide things saw no eager listing to pursue, now that the numbers are getting called in 2020 and 2021 the game changes and there have been too many lies (oops, I meant ‘intentional misrepresentation’) coming from the US players.

And as the EU gives us: ‘European Commission chief Ursula von der Leyen voiced skepticism Friday over involving Chinese tech giant Huawei in the rollout of Europe’s 5G networks amid concerns its equipment could be used for spying by Beijing‘, we see that optionally the career of Ursula von der Leyen will be cut short too. She might be the President of the European Commission for a month now, but I am certain that her history lessons included the time when we hung those who hid behind ‘befehl ist befehl‘ and even now, as we traverse that time, the US will not have any dimes to sit on, those spreading the US message without evidence could be demanded to be called on, even now as Germany (and India) are moving against the warnings of the US, warning that have never seen any real evidence since the beginning, will now have a coin marker, people like Ursula von der Leyen will see that as other European nations demand evidence, their place in the hierarchie will seem unholdable, held together by US promises that they will fall back on and fold on when the moment is nigh. That is the ball game for the US and the Europeans will not have alternatives, especially as Nokia is showing several cracks in their veneer, as their 5G outlook changes and as the backlash of bribery scandals, the US will find themself in a stage that is not holdable, and they are not alone, Ericsson is right there next to Nokia when it comes to scandals and the US was not ready for that. The impact will be larger than they expect and that part will bite too. When the EC members will look towards alternatives and there is only Huawei, they will shift gears and give the boot to whomever supported the US and stopped them to get their bonus, people are easy to anticipate in that regard.

If only there was direct evidence of the US claims. There was a reason why I used the Colin Powell and silver briefcase example in the past, there was no way around it, the game that was being played was short for whomever was counting the cards and too many were out in the open, the US had two plays left and they chose the wrong one. That becomes more and more clear when we look at the actions of Sony last October, that setting changed the anger levels of Third Point to some degree, and as I cannot tell who was right, the fact that Daniel Loeb lost out against the Sony view ”no concrete proposals to improve the business“, who is eagerly spending a billion to get on the market is a larger issue than you can imagine, the Japanese government has a larger stake in all this then even I can surmise. Japan will have to take on a few players and they are behind (really behind), yet they are all in it to win it and their ego’s will collide, the US will have to find new areas to push against and as we see that this is being fought, we also see the American dream is under pressure of failing and that is one concrete version why the american corporate views are not what they are surmised to be, it will be a stronger difference as the year progresses, but I reckon that half way, when that American super villain Taxman has to give documentation as to the values it holds dear (numbers on a spreadsheet) we will see additional cracks, there is only so much that people will live for and the US has no reserves, it lost those a little over three years ago as the debt kept rising. In this as we saw one month ago that “Dan Loeb sharply boosted its net long position in equities,’‘ we will see managed bad news over the next 6 months that will reduce that position (as I personally see and anticipate), that will be the first (of many) cracks in all this and China is not merely a crack in their armor, it is a flaming hole the size of the Grand Canyon. And still my IP is outlasting theirs as they have no idea what they should have been looking at, it is becoming more than a spreadsheet user versus a visionary, the US status is becoming a spreadsheet user to someone who does not comprehend a cross tabulation, and that is not a situation that the US can hold up. 

In this all these solutions give China an advantage, because as we see more and more dubious statements from people who caress the limelight, we also see that the chinks in their armour are lighting up and that is where Russia and China only have to ask: ‘what is that?‘ (pointing at the chinks) and those people will not have the setting to answer. 

It is a stage we have not seen before and will not see again any day soon, but in 2020 it will matter, it will drive the global population away from any American solution. They will only have themselves to blame soon enough, they vied for it but will do anything to make anyone else pay and the people are taking notice, they are no longer willing to take the idiocy and the current American administration made it happen, at least that part has no push towards previous administrations. When that happens, the loss of revenue will increase faster and faster and all others are ready to step in wherever they can, I am happy I have no stake in any of the American hedges, their national product is about to lose value and a lot, I merely wonder how long it will take, as we saw in several situations in 2008, the $1.1B bill to Moody’s was paid without hesitation, I wonder what and who will delay the news this time around and those who got out late, will they have any recourse? I reckon not, at some point we will see certain academics make a statement that the technology sector was too complex and too covariant to clearly see any pattern emerge, at that point whatever rating existed will be thrown out and as we see that, the people will run to any technology that has proven themselves and at present that is Huawei (and Huawei only), that is the part the US is unwilling to see, even as we see the Verge (only three weeks ago) give us both “T-Mobile has been saying it’s got a smarter, sounder 5G strategy than both Verizon and AT&T” and “They also won’t support 5G on other networks, so if you switch carriers, you’re hosed” implying that there is no real 5G standard in the US and they are all merely marketing 5G whilst not having any real 5G (my personal view) and the Verge supports that view I have (at https://www.theverge.com/2019/12/16/20997594/tmobile-5g-600mhz-low-band-speed-tests-oneplus-samsung) when we see “you’ll never get the speed thrill of downloading an entire movie from Netflix or Prime Video in seconds“, all whilst the 5G advertisement is about that part alone, we see the hose job in the making and in 2020 that will not be tolerated by the people, in the US there is no alternative, yet Europe, Africa and Asia have other options which enables Huawei and that is the short play that the US is not ready for and the EU people are about to get a dose of reality soon enough, when the MoU that Huawei has signed show actual progress, Europe will run towards whatever shelter they can whilst ignoring the pleas from the USA, it will be that simple, people like Ursula von der Leyen will run towards what pays them and what keeps them safe, warm and dry, they will soon see that ‘befehl ist befehl‘ fell short the second time around too and at that point they will enable whomever has the technology and America is about three years late.  

It is the biting reality that 2020 brings, whilst the vision of twenty twenty is negated at every turn whenever possible and it is the ‘whenever possible’ part that will fall short soon enough (sooner rather than later).

 

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December 24, 2019 · 12:26

The age of Christmas

I have been on the verge of many things, this, my last blog for a week (I expect) is also a path towards my goals, my delusional goal is to spend time on a really large yacht with half a dozen maiden vixens of 23-27 all roaring to try the lawlordtobe engine (whatever these girls mean with that), the reality of life is that I will be doing a truckload of chores that I left until this very last moment, so not much excitement there. 

For the blog, the end of the year tends to be a shallow ground for news, yet there was the Khashoggi convictions in Saudi Arabia, an event that the Guardian labelled ‘‘Mockery of justice’ after Saudis convict eight over Khashoggi killing‘, we all seem upset by “crown prince’s inner circle of involvement in murder of dissident journalist“. Yet the reality is that there was never any evidence, in some cases I have a few question marks with the evidence that Turkey gave, the UN Essay by Agnes Callamard read (for me) like a joke and in the end, we just do not know what happened, so it seems that the Saudi Courts, just like most other courts can only convict a person on evidence and that person needs to be sentenced when a person is found guilty beyond all reasonable doubt and that was never ever going to be the case. Consider hat the Guardian (at https://www.theguardian.com/world/2019/dec/23/saudi-arabia-accused-of-mockery-of-justice-over-jamal-khashoggi-trial) gives us “The findings contradict the conclusion of the CIA and other western intelligence agencies that Prince Mohammed directly ordered Khashoggi’s assassination“, yet the UN Essay states the CIA, yet no evidence is added, merely their point of view and ‘high reliability‘, which in light of their weapons of mass destruction claim is not that reliable. As for the claim ‘and other western intelligence agencies‘ is also a bit weird as I saw no mention of MI-5, MI-6, DGSE, or GCHQ, so what was it? Merely FBI and CIA? That is basically one source as such I rejected the UN Essay for what it was, a joke (to the largest degree)!

Yet, that is as good a the news is going to get, other actual (and factual) great news is that Robert Downey Junior is back in the news, and now not as an Avenger, talking to animals or another role, no this is a series that you can watch on Youtube premium, it is called the Age of A.I.. Now, the weird feeling is there, RDJ playing RDJ and being serious about it is part of the appeal, the other part is that this is not a sales rap, it is explanation and the series via RDJ does that swimmingly (read: pretty brilliantly). 

I need to be careful, because I do not want any spoilers here, apart from the fact that the series is well beyond informative, it shows the A.I. world as it is (well kinda), we see examples most have never seen before, these examples are often not sexy enough for glamour shows, but they are great as the underlying example in this system. If there is one small part that is criticism than it is the use of AI when (as far as I personally saw was no more than deeper learning) yet for the learning part that does not matter, the person watching it gets a much better grasp on AI and this series shines as such. The fact that really outshines the entire series is not RDJ, he is there but often enough we see celebrities that are a lot more than the media exposes (Will.I.Am for example), people in the movie making and we learn that some movie celebrities behind the screen are seemingly merely doing it to fund their real dream and we get to see a truckload of that, especially the truckload of examples the media thought to keep from us. That education is worth a lot more than you are grasping when you see it and you can see it (at https://www.youtube.com/watch?v=UwsrzCVZAb8), and the series bring out an interesting fear “This is new, we need to know what is real and what is not“, this is an interesting issue, it is almost never discussed, but it is within us all. And as RDJ narrates we take a trip all over the world visiting the places that are involved in the evolution of NAI (Near Artificial Intelligence) and we get the proper approach towards machine learning, I was pretty blown away after episode one and there are several more to go through, The age of A.I. is a homerun, a bullseye in a world of gratification small enhancements and publications. In the movie world RDJ has had its large shares of successes, the fact that he is part of a documentary like this will make him only a larger success and as such he will push this series to greater heights (the fact that you can watch episode one for free on Youtube does not hurt either), Matt Damon eat your heart out. 

As I personally see it, the Age of A.I. is the first series on A.I. that is actually informative to a much larger degree (than many of the other series). It is such a pleasant surprise to be confronted with a series like The Age of A.I. at the end of the year. I personally feel like a whole new person, for me this series was that much actual fun to watch. 

I hope to see and inform you all again in about a week, have a great holiday series.

 

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December 20, 2019 · 12:29

Two unrelated issues

OK, today is not the day to piss off Alexander Bortnikov, I wanted to do that just to celebrate his 11th anniversary of him being the Director of the FSB, as such my sense of humour demands that I would put a whoopi cushion on his car seat, alas, I could not get close, someone decided to try a novel approach to the concept of Suicide by Cop (at https://www.theguardian.com/world/2019/dec/19/moscow-shooting-russia-people-shot-dead-intelligence-agency), instead of pushing the buttons of a militia officer, we see the apparant acts of a looney tunes person who decided to fire on the reception of Federal Security Service, that is an act that will get you killed and he did. Now, let’s be clear, there is a reason to bring this up. You see there is one building in Moscow (basically in the entire CCCP), where the most vile, the most feared and the most despicable member of any Russian criminal organisation takes a detour, it is the Lubyanka building, the headquarters of the FSB in Moscow. Consider some Bratva captain, 120 Kg of muscles, fearless and life ignoring person ends up shaking and like a little girl that is crying, the cause would be one building in Russia that does that. So when a person comes around shooting at its reception, I tend to call that a novel way to invite Suicide by Cop and I cannot fathom the desperation from life that a person has to pull that off (there are 999 other ways to go with 99.99999% certainty and most of them are 100% less painful and scary), optionaly as distractions go, it is perhaps the worst one yet. 

Oh, and there is not some special required form of data intelligence required, we could argue that the fear for that building is handed to any Russian citizen when they start school, so for the life of me I can not figure out why someone would be this stupid, it is like grabbing a bucket of water from the Volga in Saratov and personally dumping the bucket in he Caspian Sea, not only meaningless, but you end up being alive at the end of that journey, attacking the FSB building with anything less than an entire army and your chances to survive become a whole lot less certain. Yet in all that, the fact that the attack made several newsgroups is important, you see, the news never sleeps, yet they do get to filter what we hear. 

From the Israeli news desk

The Guardian (at https://www.theguardian.com/world/2019/dec/19/israeli-spyware-allegedly-used-to-target-pakistani-officials-phones) (as well as Israeli Newspapers, give us ‘Israeli spyware allegedly used to target Pakistani officials’ phones‘, with the byline ‘NSO Group malware may have been used to access WhatsApp messages for ‘state-on-state’ espionage’, news that made a lot less newspapers on a global scale, is that not weird? Now, I am not stating whether there is validity, I am not stating on behalf of the NSO Group that it is false, yet this private firm founded by Niv Carmi, Omri Lavie and Shalev Hulio is showing to be an expert company in acquiring information. The papers need to guard their words and I get that, yet when we see anonymous sources and “those who could have been compromised” I feel like I am in a play that I have seen before. The more important part is “All the suspected intrusions exploited a vulnerability in WhatsApp software that potentially allowed the users of the malware to access messages and data on the targets’ phones“, yet it seems that there is not really that much taste for the weakness of the makers, is there?

When get the optional state where we see “The lawsuit claimed intended targets included “attorneys, journalists, human rights activists, political dissidents, diplomats, and other senior foreign government officials”” and in that state I would make the demand ‘can we see those names please?‘ Yet it is a personal demand that will not be answered, there is too much doubt on the who did what and who wanted to know. I have a little more faith in “NSO has said it will vigorously contest the claim and has insisted that its technology is only used by law enforcement agencies around the world to snare criminals, terrorists and paedophiles“, you see that is a business approach to intelligence that brings money on the table and Yes, there is a chance that someone wanted to know more about certain Pakistani, yet that list given by Facebook is just a little too weird, yet the names might brighten up the need for it, and as we are treated to “The alleged targeting of Pakistani officials gives a first insight into how NSO’s signature “Pegasus” spyware could have been used for “state-on-state” espionage“, it is the difference of stance, the state of ‘alleged‘ that brings the doubt. In the article I do not disagree with “This kind of spyware is marketed as designed for criminal investigations. But the open secret is that it also winds up being used for political surveillance and government-on-government spying” for that we need to say that John Scott-Railton is seemingly completely correct, yet in all this, we see and identify a timeline and it becomes more and more apparent that not only did other interest groups (CIA, FBI, MI-5, MI-6, DGSE, et al) need this weakness, we see a longer timeline and we wonder what WhatsApp and Facebook have done about it so far. More important, why would any official use something like WhatsApp? I mean for private use, yes, yet for their business phone? It is the application of Common Cyber Sense that is lacking here and to give all that data to Facebook (WhatsApp) is calling some parts into question. CBS News gave the people in 2018 ‘WhatsApp co-founder: “I sold my users’ privacy” to Facebook‘, I get it! Cambridge Analytica changed a lot, but so it would have changed a lot for state players, as such the act of pushing for WhatsApp in government and secure conversations, it does not make sense. CBS also gave us in 2018 “U.S. intelligence agencies have said that Russian actors used Facebook and Instagram to wage a campaign of disinformation in the election” and if WhatsApp and Facebook are owned by the same person we see the even larger lack of Common Cyber Sense. WhatsApp has been the name in Scandals in 2017 and 2018 as well, so when the needed question ‘Why is a state player using WhatsApp in the age of Common Cyber Sense?‘ comes out, we see that the bulk of people, hacktivists and journalists have not asked this question, just like the weird part where we all look at the attack on Lubyanka, and no one looks beyond a certain point. 

This view does not exonorte the NSO group, yet it is asking larger questions that take the group out of the field of vision and looks at the larger issues. More important the claim “While it is not clear who wanted to target Pakistani government officials, the details are likely to fuel speculation that India could have been using NSO technology for domestic and international surveillance“, you see pointing at their natural enemy is fun, however the fact that most European intelligence groups want to know about scores of Pakistani is also left off the table, in light of Pakistan and its Middle East connections, so are Israel and America, especially as America is losing foothold in the Middle East, finding any Russsian link to any Pakistani would be worth a lot to them, they lack all plenty of resources there.

You see, there is all the need for action when we see “The government of the Indian prime minister, Narendra Modi, is facing questions from human rights activists about whether it has bought NSO technology after it emerged that 121 WhatsApp users in India were allegedly targeted earlier this year” however everyone is overlooking ‘121‘ as a number. There are 400 million WhatsApp users in India, nobody would get to the 121 users in such a short time, the absence of ‘alleged‘ and optionally ‘so far 121 alleged users have been found‘ is a much larger issue that anyone realises. The fact that there are more questions popping up regarding the alleged NSO software is also overlooked. There is a much larger play in the field and it seems that certain people do not look towards certain players and the absence of Common Cyber Sense is just overwhelmingly staggering. It is almost like you are tired of life and decide to attack FSB headquarters with a gun. 

Yet in all this, the amount of users in Pakistan is also the part we need to look at, you cannot merely check in seconds, this is a not an on the fly solution, so there are all kinds of questions, especially with 1.5 billion users of that app, we see a lack of thoughts, questions and especially software engineers treating the software weakness and this has been going on for quite some time. the fact that the larger collection of media is not getting to this question is just allegedly largely insane. 

So as we consider “users in India were allegedly targeted earlier this year” we need to ask, how long until this glitch is fixed? The fact that certain glitches have been there since 2017 is a much larger concern, but the media does not stop at this point, does it? I reckon they are taking their time looking at the one suicidal person pointlessly attacking Lubyanka.

Two issues that might seem unrelated (and they are not), yet it tells a lot more about the media and state players than you should be comfortable with, feel free to WhatsApp that question to others, the state players will get to it eventually.

 

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December 11, 2019 · 16:32

Lying through Hypes

I was thinking on a Huawei claim that I saw (in the image), the headline ‘AI’s growing influence on the economy’ sounds nice, yet AI does not exist at present,not True AI, or perhaps better stated Real AI. At the very least two elements of AI are missing so that whatever it is, it is not AI. is that an indication on just how bad the economy is? Well, that is up for debate, but what is more adamant is what the industry is proclaiming is AI and cashing in on something that is not AI at all.

Yet when we look at the media, we are almost literally thrown to death with AI statements. So what is going on? Am I wrong?

No! 

Or at least that is my take on the matter, I believe that we are getting close to near AI, but what the hype and what marketing proclaim is AI, is not AI. You see, if there was real AI we would not see articles like ‘This AI is a perpetual loser at Othello, and players love it‘, we are handed “The free game, aptly called “The weakest AI Othello,” was released four months ago and has faced off against more than 400,000 humans, racking up a paltry 4,000 wins and staggering 1.29 million losses as of late November” this is weird, as we look at SAS (a data firm) we see: “Artificial intelligence (AI) makes it possible for machines to learn from experience, adjust to new inputs and perform human-like tasks“, which is an actual part of an actual AI, so why do we see the earlier mentioned 400,000 players with 1.29 million wins whilst the system merely won 4,000 times shows that it is not learning, as such is cannot be an AI. A slightly altered SAS statement would be “Most AI examples rely heavily on deep learning and natural language processing. Using these technologies, computers can be trained to accomplish specific tasks by processing large amounts of data and recognizing patterns in the data” The SAS page (at https://www.sas.com/en_au/insights/analytics/what-is-artificial-intelligence.html) also gives us the image where they state that today AI is seen as ‘Deep Learning’, which is not the same.

It is fraught with a dangerous situation, the so called AI is depending on human programming and cannot really learn, merely adapt to programming. SAS itself actually acknowledges this with the statement “Quick, watch this video to understand the relationship between AI and machine learning. You’ll see how these two technologies work, with examples” they are optionally two sides of a coin, but not the same coin, if that makes sense, so in that view the statement of Huawei makes no sense at all, how can an option influence an economy when it does not exist? Well, we could hide behind the lack of growth because it does not exist. Yet that is also the stage that planes are finding themselves in as they are not equipped with advanced fusion drives, it comes down to the same problem (one element is most likely on Jupiter and the other one is not in our solar system). When we realise that we can seek advanced fusion as much as we want, but the elements requiring that are not in our grasp, just like AI, it is shy a few elements so whatever we call AI is merely something that is not really AI. It is cheap marketing for a generation that did not look beyond the term. 

The Verge (a https://www.theverge.com/2019/1/28/18197520/ai-artificial-intelligence-machine-learning-computational-science) had a nice summary, I particularly liked (slightly altered) “the Oral-B’s Genius X toothbrush that touted supposed “AI” abilities. But dig past the top line of the press release, and all this means is that it gives pretty simple feedback about whether you’re brushing your teeth for the right amount of time and in the right places. There are some clever sensors involved to work out where in your mouth the brush is, but calling it artificial intelligence is gibberish, nothing more“, we can see this as the misuse of the term AI, and we are handed thousands of terms every day that misuse AI, most of it via short messages on Social Media. and a few lines later we see the Verge giving us “It’s better, then, to talk about “machine learning” rather than AI” and it is followed by perhaps one of the most brilliant statements “Machine learning systems can’t explain their thinking“, it is perhaps the clearest night versus day issue that any AI system would face and all these AI systems that are dependable growing any economy aren’t and the world (more likely the greed driven entities) cannot grow any direction in this. they are all hindered what marketing states it needs to be whilst marketing is clueless on what they face, or perhaps they are hoping that the people remain clueless on what they present.

So as the verge ends with “In the here and now, artificial intelligence — machine learning — is still something new that often goes unexplained or under-examined” we see the nucleus of the matter, we are not asking questions and we are all accepting what the media and its connected marketing outlets are giving us, and when we make the noticeable jump that there is no AI and it is merely Machine learning and deeper learning, whilst we entertain the Verge examples “How clever is a book?” and “What expertise is encoded in a frying pan?“

We need to think things through (the current proclaimed AI systems certainly won’t). We are back in the 90’s where concept sellers are trying to fill their pockets all whilst we all perfectly well know (through applied common sense) that what they are selling is a concept and no concept will fuel an economy that is a truth that came and stood up when a certain Barnum had its circus and hid behind well chosen marketing. So whenever you get some implementation of AI on LinkedIn of Facebook you are being lied to (basically you are marketed) or pushed into some direction that such articles attempt to push you in. 

That is merely my view on the matter and you are very welcome to get your own view on the matter as well, I merely hope that you will look at the right academic papers to show you what is real and what is the figment of someone’s imagination. 

 

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December 9, 2019 · 16:50

Is it progress?

We have at times a fair feeling of what costs are required in any business, we are at times a little off, we are at times a little bemused, but what is the feeling that people got two days ago when the Financial Times gave us ‘Europe’s banks slash 60,000 jobs as outlook turns negative‘? The story (at https://www.ft.com/content/e17ee0f2-183b-11ea-9ee4-11f260415385) seems to hand over another part of a story, but not the one that is out in the lighters. When we are confronted with ‘European bosses have been left with little option but to slash tens of thousands more jobs to try to address their chronically poor profitability‘, we might think that banks are unprofitable, yet the entire debt issues seemingly takes that out of the equation. When you look around in your area, are there more banks or less banks? There is another side, any debt driven errors and system malfunctions are now clearly in the hands of the banks, this means that THEY must give rise to repairs, to paying for the issues at hand and they are not allowed to pass these costs onto the customers. You see 60,000 jobs are ‘suddenly’ regarded as ‘poor profitability‘. It seems that the data dimensionality of banks is almost literally set to ‘profit through inactions‘ and as such they must pay for the blowback because inaction is never a cause of non stop profit.

So when we see: “lenders across Germany, UK, France, Spain and Switzerland have collectively announced more than 60,000 jobs cuts this year” and we investigate the stage, we would come to very different conclusions. Yet the picture is not that clear, the graphics that the article show, an image that include those trading below book value and those above book value gives a different picture, it shows a remarkable group of European and Rest of World banks trading below book value, so they are trading at a loss, which is of course debatable at the best of times. In that group we find ING, HSBC, Deutsche bank, Santander and a few others, the question becomes, why were they allowed to trade below book values in the first place? and it opens up a can of worms on several sides. As such we see a repetition of the Dutch bad bank issues when we are confronted with “resulting in 18,000 job losses and the creation of a new “bad bank” to dispose of €288bn of unwanted assets” Yet what happened to the commissions of hundreds of staff members as close to a third of a trillion is not returned? We merely see banks that wanted to look good whilst there was no reason to see them as good, so as such “chief executive Christian Sewing announced a retreat from investment banking over the summer, resulting in 18,000 job losses” makes me wonder about the levels of stupidity allowed at Deutsche Banks, does that not count for you? I wonder if we get an article on just how much the bunglings of Christian Sewing got him paid, in base income and bonuses. The fact that Deutsche Bank is losing one in five jobs is a larger issue, the idea that one in five jobs are lost in a bank shows that they have been playing the numbers and in all this europe will see another wave of bank responsibility whilst it is done AFTER the fact, so why was the EU not on top of this? And people complain about me mentioning the entire EU gravy train, I reckon that this example should set the straight, the EU have been facilitating to a much larger degree and the taxpayer gets to pay the bill, or did you think that shoving ‘a new “bad bank” to dispose of €288bn of unwanted assets‘ was done for corporate responsibilities. 

It gets to be a lot worse, Moody’s which does not have the greatest reputation when we look at financial meltdowns is stated to have said “Moody’s, which this week changed its outlook for global banks to negative from stable, warns that the “profitability gap between euro-area banks and global peers will widen further” in the medium term despite the large headcount reductions” yet when we mull over the numbers (Deutsche Bank with one in five jobs lost) gives out a whole different stage when we are confronted with “this week changed its outlook for global banks to negative from stable“, all whilst the numbers show that this was a flaw in the making, months in the making, as such it makes Moody’s a joke, not a reporting entity.

So all in al it is not consolidation, but a lack of oversight that is causing additional pain to the industry, I wonder how long it will take the other newspapers to catch on, and this is not limited to banks, this will take on a larger role all over Europe. Yet the gravy train will ignore the pains and it will support its own interests through recommendations.

 

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