
I came to this one via a physics blog. Caltech has some gorgeous images of Andromeda from the Spitzer space telescope. Scoll down to the link to 21MB high resolution JPEG.
Philip Greenspun's Weblog:The US feels more and more like 1989 Japan.
Harvard has picked a new investment manager for its $26 billion in liquid assets (the university is weathier than this but much of its wealth is in real estate). According to this New York Times story, Mohamed A. El-Erian is "an emerging markets bond specialist" from "the bond powerhouse Pimco". Choosing someone like this to manage its money is essentially a vote that public equities (stocks) will continue to perform poorly for some years to come. How is it possible for stock prices to remain stalled while corporations earn reasonably good profits and only pay out a small percentage of those profits as dividends (the average S&P 500 company pays out 32 percent of profits as a dividend)? Looting and dilution by managers granting themselves stock options. So Harvard, which has been mostly right since World War II and earned more than 19 percent in the last fiscal year, seems to be betting on the continued looting of American corporations by their managers and is apparently planning to put its money to work in foreign countries and via debt instruments.
BBC NEWS | Americas | Wars 'less frequent, less deadly'Civil wars are now the most common form of war, but they have been less lethal than wars involving nations.
The Human Security Report found a decline in every form of political violence except terrorism since 1992.
Guardian Unlimited | Special reports | Suspicious behaviour on the tubeDon't look different. Look like everyone else. This is our world now.
This Reuters story was written while the police were detaining me in Southwark tube station and the bomb squad was checking my rucksack. When they were through, the two explosive specialists walked out of the tube station smiling and commenting: 'Nice laptop.' The officers offered apologies on behalf of the Metropolitan police. Then they arrested me.
Crypto-Gram: October 15, 2005Since this will take governmental action, if you don't like identity theft, vote against Bush.
Earlier this month, California became the first state to enact a law specifically addressing phishing. Phishing, for those of you who have been away from the Internet for the past few years, is when an attacker sends you an e-mail falsely claiming to be a legitimate business in order to trick you into giving away your account info -- passwords, mostly. When this is done by hacking DNS, it's called pharming.
Financial companies have until now avoided taking on phishers in a serious way, because it's cheaper and simpler to pay the costs of fraud. That's unacceptable, however, because consumers who fall prey to these scams pay a price that goes beyond financial losses, in inconvenience, stress and, in some cases, blots on their credit reports that are hard to eradicate. As a result, lawmakers need to do more than create new punishments for wrongdoers -- they need to create tough new incentives that will effectively force financial companies to change the status quo and improve the way they protect their customers' assets. Unfortunately, the California law does nothing to address this.
... The actual problem to be solved is that of fraudulent transactions. Financial institutions make it too easy for a criminal to commit fraudulent transactions, and too difficult for the victims to clear their names. The institutions make a lot of money because it's easy to make a transaction, open an account, get a credit card and so on. For years I've written about how economic considerations affect security problems. They can put security countermeasures in place to prevent fraud, detect it quickly and allow victims to clear themselves. But all of that's expensive. And it's not worth it to them.
It's not that financial institutions suffer no losses. Because of something called Regulation E, they already pay most of the direct costs of identity theft. But the costs in time, stress, and hassle are entirely borne by the victims. And in one in four cases, the victims have not been able to completely restore their good name.
In economics, this is known as an externality: It's an effect of a business decision that is not borne by the person or organization making the decision. Financial institutions have no incentive to reduce those costs of identity theft because they don't bear them.
Push the responsibility -- all of it -- for identity theft onto the financial institutions, and phishing will go away...
If there's one general precept of security policy that is universally true, it is that security works best when the entity that is in the best position to mitigate the risk is responsible for that risk. Making financial institutions responsible for losses due to phishing and identity theft is the only way to deal with the problem. And not just the direct financial losses -- they need to make it less painful to resolve identity theft issues, enabling people to truly clear their names and credit histories. Money to reimburse losses is cheap compared with the expense of redesigning their systems, but anything less won't work.
Obsidian Wings: Killing Innocent Iraqis to Try to Protect OurselvesObsidian Wings puts it well. If that was the standard, then Bush et al are guilty of war crimes.
...Condi argued that after 9/11 we had two choices: we could go after and eradicate bin Laden and Al Qaida and then turn toward protecting ourselves against other threats, or we could go after the roots of Islamic terrorism and change the landscape in the Middle East. She argued that no one who understands the Middle East could imagine the landscape there changing until Saddam Hussein was out of power.