Archive for the ‘The Perfect Storm’ Category

As inequality soars, the nervous super rich are already planning their escapes

Monday, January 26th, 2015

Hedge fund managers are preparing getaways by buying airstrips and farms in remote areas, former hedge fund partner tells Davos during session on inequality

With growing inequality and the civil unrest from Ferguson and the Occupy protests fresh in people’s mind, the world’s super rich are already preparing for the consequences. At a packed session in Davos, former hedge fund director Robert Johnson revealed that worried hedge fund managers were already planning their escapes. “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway,” he said.

Johnson, who heads the Institute of New Economic Thinking and was previously managing director at Soros, said societies can tolerate income inequality if the income floor is high enough. But with an existing system encouraging chief executives to take decisions solely on their profitability, even in the richest countries inequality is increasing.

Johnson added: “People need to know there are possibilities for their children – that they will have the same opportunity as anyone else. There is a wicked feedback loop. Politicians who get more money tend to use it to get more even money.”

Global warming and social media are among the trends the 600 super-smart World Economic Forum staffers told its members to watch out for long before they became ubiquitous. This year, income inequality is fast moving up the Davos agenda – a sure sign of it is poised to burst into the public consciousness.

Jim Wallis, founder of Sojourners and a Davos star attraction after giving the closing address in 2014, said he had spent a lot of time learning from the leaders behind recent social unrest in Ferguson. He believes that will prove “a catalytic event” which has already changed the conversation in the US, bringing a message from those who previously “didn’t matter”.

So what is the solution to having the new voices being sufficiently recognised to actually change the status quo into one where those with power realise they do matter?

Clarke said: “Solutions are there. What’s been lacking is political will. Politicians do not respond to those who don’t have a voice In the end this is all about redistributing income and power.”

She added: “Seventy five percent of people in developing countries live in places that are less equal than they were in 1990.”

The panellists were scathing about politicians, Wallis describing them as people who held up wet fingers “to see which way the money is blowing in from.”

Author, philosopher and former academic Rebecca Newberger-Goldstein saw the glass half full, drawing on history to prove society does eventually change for the better. She said Martin Luther King was correct in his view that the arch of history might be long, but it bends towards justice.

In ancient Greece, she noted, even the greatest moralists like Plato and Aristotle never criticised slavery. Newberger-Goldstein said: “We’ve come a long way as a species. The truth is now dawning that everybody matters because the concept of mattering is at the core of every human being.” Knowing you matter, she added, is often as simple as having others “acknowledge the pathos and reality of your stories. To listen.”

Mexican micro-lending entrepreneur Carlos Danel expanded on the theme. His business, Gentera, has thrived by working out that “those excluded are not the problem but realising there’s an opportunity to serve them.”

He added: “Technology provides advantages that can lower costs and enable us to provide products and services that matter to the people who don’t seem to matter to society. And that’s beyond financial services – into education and elsewhere.”

Which, Danel believes, is why business was created in the first place – to serve. A message that seemed to get lost somewhere in the worship of profit.

– To the original:

– Research thanks to Kierin M.

‘It is profitable to let the world go to hell’

Thursday, January 22nd, 2015

As politicians and business leaders gather in Davos, climate expert Jørgen Randers argues that democracy will continue to hamper climate action

How depressed would you be if you had spent more than 40 years warning of an impending global catastrophe, only to be continually ignored even as you watch the disaster unfolding?

So spare a thought for Jørgen Randers, who back in 1972 co-authored the seminal work Limits to Growth (pdf), which highlighted the devastating impacts of exponential economic and population growth on a planet with finite resources.

As politicians and business leaders gather in Davos to look at ways to breathe new life into the global battle to address climate change, they would do well to listen to Randers’ sobering perspective.

The professor of climate strategy at the Norwegian Business School has been pretty close to giving up his struggle to wake us up to our unsustainable ways, and in 2004 published a pessimistic update of his 1972 report showing the predictions made at the time are turning out to be largely accurate.

What he cannot bear is how politicians of all persuasions have failed to act even as the scientific evidence of climate change mounts up, and as a result he has largely lost faith in the democratic process to handle complex issues.

In a newly published paper in the Swedish magazine Extrakt he writes:

It is cost-effective to postpone global climate action. It is profitable to let the world go to hell.

I believe that the tyranny of the short term will prevail over the decades to come. As a result, a number of long-term problems will not be solved, even if they could have been, and even as they cause gradually increasing difficulties for all voters.

Randers says the reason for inaction is that there will be little observable benefit during the first 20 years of any fiscal sacrifice, even though tougher regulations and taxes will guarantee a better climate for our children and grandchildren.

He has personal experience of this, having chaired a commission in Norway that in 2006 came up with a 15-point plan to solve the climate problem if every Norwegian was willing to pay €250 (£191) in extra taxes every year for the next generation or so.

If the plan had been given the green light, it would have allowed the country to cut its greenhouse gas emissions by two-thirds by 2050 and provide a case study other rich countries could learn from.

He says:

In my mind, the cost was ridiculously low, equivalent to an increase in income taxes from 36% to 37%, given that this plan would eliminate the most serious threat to the rich world in this century.

In spite of this, a vast majority of Norwegians were against this sacrifice. To be frank, most voters preferred to use the money for other causes – like yet another weekend trip to London or Sweden for shopping.

When it comes to more regulation or higher taxes, Randers says voters tend to revolt and, as a result, politicians will continue to refuse to take courageous steps for fear of being thrown out of office at the next election.

“The capitalist system does not help,” says Randers. “Capitalism is carefully designed to allocate capital to the most profitable projects. And this is exactly what we don’t need today.

– More:

– research thanks to Kael L.

Scientists react to warmest year: 2014 underscores ‘undeniable fact’ of human-caused climate change

Monday, January 19th, 2015

In 134 years of temperature records, the warmth in 2014 exceeded them all, NOAA and NASA announced today.

Unsurpassed heating of the world’s oceans fueled the chart-topping warmth.

Ocean temperatures were more than 1 F above average, NOAA said.  They warmed to a new record even in the absence of an El Niño event, a naturally occurring cycle of ocean heating in the tropical Pacific.

“This is the first year since 1997 that the record warmest year was not an El Niño year at the beginning of the year, because the last three have been,”  Gavin Schmidt, who directs the NASA Goddard Institute for Space Studies, told the Post’s Chris Mooney.

Related: It’s official: 2014 was the hottest year in recorded history(Washington Post Wonk Blog)

Land temperatures weren’t quite record-setting, but still ranked 4th warmest since the start of the data set in 1880. California, much of Europe, including the United Kingdom, and parts of Australia all experienced their warmest years.

News of record global warmth may surprise residents of the eastern U.S., which witnessed colder than normal temperatures in 2014. But the chill was an anomaly and, in fact, the eastern U.S. was among the coolest areas of the world compared to normal.

In NOAA’s analysis of global temperatures, 7 of 12 months in 2014 reached record highs, including December.

Thirteen of the warmest 15 years on record have occurred since the year 2000 according to Climate Central, a non-profit science communications organization based in Princeton, New Jersey. The likelihood of this happening by chance, with the assistance of manmade greenhouse emissions, is less than 1 in 27 million, it calculated.

– More:

 

Planetary Boundaries 2.0 – new and improved

Sunday, January 18th, 2015

As Science publishes the updated research, four of nine planetary boundaries have been crossed

Four of nine planetary boundaries have now been crossed as a result of human activity, says an international team of 18 researchers in the journal Science (16 January 2015). The four are: climate change, loss of biosphere integrity, land-system change, altered biogeochemical cycles (phosphorus and nitrogen).

Two of these, climate change and biosphere integrity, are what the scientists call “core boundaries”. Significantly altering either of these “core boundaries” would “drive the Earth System into a new state”.

“Transgressing a boundary increases the risk that human activities could inadvertently drive the Earth System into a much less hospitable state, damaging efforts to reduce poverty and leading to a deterioration of human wellbeing in many parts of the world, including wealthy countries,” says Lead author, Professor Will Steffen, researcher at the Centre and the Australian National University, Canberra. “In this new analysis we have improved our quantification of where these risks lie.”

Other co-authors from the Centre are Johan Rockström, Sarah Cornell, Ingo FetzerOonsie Biggs, Carl Folke and Belinda Reyers.

Request publication

What’s new?
The new paper is a development of the Planetary Boundaries concept, which was first published in 2009, identifying nine global priorities relating to human-induced changes to the environment. The science shows that these nine processes and systems regulate the stability and resilience of the Earth System – the interactions of land, ocean, atmosphere and life that together provide conditions upon which our societies depend.

The research builds on a large number of scientific publications critically assessing and improving the planetary boundaries research since its original publication. It confirms the original set of boundaries and provides updated analysis and quantification for several of them, including phosphorus and nitrogen cycles, land-system change, freshwater use and biosphere integrity.

Though the framework keeps the same processes as in 2009, two of them have been given new names, to better reflect what they represent, and yet others have now also been assessed on a regional level.

“Loss of biodiversity” is now called “Change in biosphere integrity.” Biological diversity is vitally important, but the framework now emphasises the impact of humans on ecosystem functioning. Chemical pollution has been given the new name “Introduction of novel entities,” to reflect the fact that humans can influence the Earth system through new technologies in many ways.

“Pollution by toxic synthetic substances is an important component, but we also need to be aware of other potential systemic global risks, such as the release of radioactive materials or nanomaterials,” says Sarah Cornell, coordinator of the Planetary Boundaries research at the Centre. “We believe that these new names better represent the scale and scope of the boundaries,” she continues.

In addition to the globally aggregated Planetary Boundaries, regional-level boundaries have now been developed for biosphere integrity, biogeochemical flows, land-system change and freshwater use. At present only one regional boundary (South Asian Monsoon) can be established for atmospheric aerosol loading.

Nine planetary boundaries
1. Climate change
2. Change in biosphere integrity (biodiversity loss and species extinction)
3. Stratospheric ozone depletion
4. Ocean acidification
5. Biogeochemical flows (phosphorus and nitrogen cycles)
6. Land-system change (for example deforestation)
7. Freshwater use
8. Atmospheric aerosol loading (microscopic particles in the atmosphere that affect climate and living organisms)
9. Introduction of novel entities (e.g. organic pollutants, radioactive materials, nanomaterials, and micro-plastics).

– More:

The rate of sea-level rise is ‘far worse than previously thought,’ study says

Sunday, January 18th, 2015

Researchers have come up with a new and improved way of measuring the rise in the sea level, and the news is not good: The seas have risen dramatically faster over the last two decades than anyone had known.

For hundreds of years, the seas were measured by more or less the equivalent of plopping a yard stick into the ocean and seeing if the ocean went up or down. But now, that method looks to be outdated.

According to a new study published on Wednesday in Nature, the new method involves an advanced statistical model that analyzes all of the factors contributing to sea rise. It has yielded what appears to be a much more accurate picture of the oceans and suggests previous studies had severely underestimated the acceleration of recent sea rise.

“What this paper shows is that the sea-level acceleration over the past century has been greater than had been estimated by others,” lead writer Eric Morrow said in a statement. “It’s a larger problem than we initially thought.” Co-author Carling Hay added in an interview with BBC: “The acceleration into the last two decades is far worse than previously thought. This new acceleration is about 25 percent higher than previous estimates.”

– More:

 

Powerful, highly stealthy Linux trojan may have infected victims for years

Wednesday, December 10th, 2014

Backdoor tied to espionage campaign that has targeted governments in 45 countries.

Researchers have uncovered an extremely stealthy trojan for Linux systems that attackers have been using to siphon sensitive data from governments and pharmaceutical companies around the world.

The previously undiscovered malware represents a missing puzzle piece tied to “Turla,” a so-called advanced persistent threat (APT) disclosed in August by Kaspersky Lab and Symantec. For at least four years, the campaign targeted government institutions, embassies, military, education, research, and pharmaceutical companies in more than 45 countries. The unknown attackers—who are probably backed by a nation-state, according to Symantec—were known to have infected several hundred Windows-based computers by exploiting a variety of vulnerabilities, at least two of which were zero-day bugs. The malware was notable for its use of a rootkit that made it extremely hard to detect.

Now researchers from Moscow-based Kaspersky Lab have detected Linux-based malware used in the same campaign. Turla was already ranked as one of the top-tier APTs, in the same league as the recently disclosed Regin for instance. The discovery of the Linux component suggests it is bigger than previously thought and may presage the discovery of still more infected systems.

“The [Turla] operations are being carried out in broader environments than we previously knew,” Kaspersky Lab expert Kurt Baumgartner told Ars. “All the other stuff we’ve seen from Turla has been windows based. This piece of the puzzle shows us that they do not limit themselves.”

…More:  

 

Exposed: NSA program for hacking any cell phone network, no matter where it is

Monday, December 8th, 2014

– Worth noting how high the percentage is for New Zealand in the chart which you can find in the original article.

– dennis

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The National Security Agency has spied on hundreds of companies and groups around the world, including in countries allied with the US government, as part of an effort designed to allow agents to hack into any cellular network, no matter where it’s located, according to a report published Thursday.

Armed with technical details of a specific provider’s current or planned networks, agents secretly attempt to identify or introduce flaws that will make it possible for communications to be covertly tapped, according to an article published by The Intercept. Security experts warned that programs that introduce security flaws or suppress fixes for existing vulnerabilities could cause widespread harm, since the bugs can also be exploited by criminal hackers or governments of nations around the world.

“Even if you love the NSA and you say you have nothing to hide, you should be against a policy that introduces security vulnerabilities,” Karsten Nohl, a cryptographer and smartphone security expert, told The Intercept. “Because once NSA introduces a weakness, a vulnerability, it’s not only the NSA that can exploit it.”

t’s not the first time the US agency has been reported to introduce backdoors into widely used technologies. Last year documents provided by former NSA subcontractor Edward Snowden—the same source for documents supporting Thursday’s story by The Intercept—showed that the NSA worked with standards bodies to adopt encryption technologies with known vulnerabilities in them. Two weeks later, the RSA division of EMC warned customers to stop using the default configuration of its BSAFE BSAFE toolkit and Data Protection Manager because it contained code reported to contain an NSA-engineered vulnerability.

The program reported Thursday, codenamed AURORAGOLD, has monitored messages sent and received by more than 1,200 email accounts associated with large cell phone operators around the world. One surveillance target is the GSM Association (GSMA), a UK-based group that works with Microsoft, Facebook, AT&T, Cisco Systems, and many other companies to ensure their hardware and software related to cellular technology is compatible. At the same time the NSA has been monitoring the group, other arms of the US government has funded GSMA programs designed to boost privacy on mobile networks. According to The Intercept:

The NSA focuses on intercepting obscure but important technical documents circulated among the GSMA’s members known as “IR.21s.”

Most cellphone network operators share IR.21 documents among each other as part of agreements that allow their customers to connect to foreign networks when they are “roaming” overseas on a vacation or a business trip. An IR.21, according to the NSA documents, contains information “necessary for targeting and exploitation.”

The details in the IR.21s serve as a “warning mechanism” that flag new technology used by network operators, the NSA’s documents state. This allows the agency to identify security vulnerabilities in the latest communication systems that can be exploited, and helps efforts to introduce new vulnerabilities “where they do not yet exist.”

The IR.21s also contain details about the encryption used by cellphone companies to protect the privacy of their customers’ communications as they are transmitted across networks. These details are highly sought after by the NSA, as they can aid its efforts to crack the encryption and eavesdrop on conversations.

Last year, The Washington Post reported that the NSA had already managed to break the most commonly used cellphone encryption algorithm in the world, known as A5/1. But the information collected under AURORAGOLD allows the agency to focus on circumventing newer and stronger versions of A5 cellphone encryption, such as A5/3.

The documents note that the agency intercepts information from cellphone operators about “the type of A5 cipher algorithm version” they use, and monitors the development of new algorithms in order to find ways to bypass the encryption.

NSA documents show that AURORAGOLD focuses on collecting details about virtually all technical standards used by cell phone operators.

– to the original article:

 

 

US government planes collecting phone data

Tuesday, November 18th, 2014

– Remember the piece I posted not long ago entitled, “Crypto phones and dubious cell phone towers“, that was about unidentified cell towers scattered around the country soaking up data for unknown purposes?  

– Well, here’s another story along that line.

– dennis

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Devices that gather data from millions of mobile phones are being flown over the US by the government, according to the Wall Street Journal.

The “dirtbox” devices mimic mobile phone tower transmissions, and handsets transmit back their location and unique identity data, the report claims.

While they are used to track specific suspects, all mobile devices in the area will respond to the signal.

The US Justice Department refused to confirm or deny the report.

The Wall Street Journal said it had spoken to “sources familiar with the programme” who said Cessna aircraft fitted with dirtboxes were flying from at least five US airports.

The department said that it operated within federal law.

– More…

 

Just a trio of stories from the passing river

Wednesday, November 12th, 2014

– So, here are three stories that I’ve gleaned from the river of passing news just today.  

– For all of you who think things are just fine, you should pull yourself up out of whatever obsessive thing it is you are doing and smell the coffee.  The smell has changed, my friends, and its got a serious stink to it.

Story # 1 is about a man named Richard Berman who lobbies for the Oil Industry.

Secret oil industry strategies inadvertently revealed

small point to glean here: these folks do not care if they ruin the world.  They are unabashedly out to confuse and manipulate you so they can massively profit from oil sales in the near term.  And they do not care about you or the long term.

Story # 2 is about something called Asset Forfeiture.

Police Use Department Wish List When Deciding Which Assets to Seize

small point to glean here: you do not have to be found guilty for them to seize your assets.  And, if you are found innocent later, it will still cost you a bundle to get your stuff back – if you ever do.

Story # 3 is about a woman named Alayne Fleischmann.

Alayne Fleischmann exposes JPMorgan’s “massive criminal securities fraud”

small point to glean here: these folks committed bigger crimes than most of us can even conceive of.  And none of them – none – have gone to jail for it.

– You should read all three stories and reflect that there’s more and more of this stuff going on around you all the time.  And that at some point, it is going to get rude enough and personal enough that it is going to intrude into your little world.

– The rich are out to take what you have.  And the police, whom you might think should be protecting you, are out to take what you have as well, if they can.  

– You’re just like a little mouse down in a safe corner and the only reason you are still safe is because the dogs from hell haven’t discovered you yet

– If I dipped my foot in the river again, I’m sure I could come up with another three stories, or 10 or 20.  The water’s running deep and fast out there in the river of news and information but you really need to turn away from your TV screen to see it because they damn sure are not going to put the real news on your screen to warn you.  That screen is there to sedate you.

– That there are big and growing problems in your world is not going to be a recognition you are going to want to have late in the game.  Earlier is always better when you want to reposition yourself out of harm’s way.

– U.S. friends – don’t think any of this is real, that it won’t entangle you and yours or that it won’t actually amount to anything?

– No problem.  At least you won’t be getting in anyone else’s way when they have woken up and are bailing out.

– dennis

 

 

Salt-Water Fish Extinction Seen By 2048

Wednesday, November 12th, 2014

– Nothing new here.  Just the same slowly approaching train wreck which is being widely ignored – as if that will make it all go away.  

– I really wonder about people in general.  Not just the obsessively greedy or power-minded but just the average Joe.  

– The scientists have been sounding the ‘end-of-the-world-as-we-know-it’ klaxons for some time now and everyone’s just changing the channel to sort it out for themselves.

– dennis

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The apocalypse has a new date: 2048.

That’s when the world’s oceans will be empty of fish, predicts an international team of ecologists and economists. The cause: the disappearance of species due to overfishing, pollution, habitat loss, and climate change.

The study by Boris Worm, PhD, of Dalhousie University in Halifax, Nova Scotia, — with colleagues in the U.K., U.S., Sweden, and Panama — was an effort to understand what this loss of ocean species might mean to the world.

The researchers analyzed several different kinds of data. Even to these ecology-minded scientists, the results were an unpleasant surprise.

“I was shocked and disturbed by how consistent these trends are — beyond anything we suspected,” Worm says in a news release.

“This isn’t predicted to happen. This is happening now,” study researcher Nicola Beaumont, PhD, of the Plymouth Marine Laboratory, U.K., says in a news release.

“If biodiversity continues to decline, the marine environment will not be able to sustain our way of life. Indeed, it may not be able to sustain our lives at all,” Beaumont adds.

Already, 29% of edible fish and seafood species have declined by 90% — a drop that means the collapse of these fisheries.

But the issue isn’t just having seafood on our plates. Ocean species filter toxins from the water. They protect shorelines. And they reduce the risks of algae blooms such as the red tide.

“A large and increasing proportion of our population lives close to the coast; thus the loss of services such as flood control and waste detoxification can have disastrous consequences,” Worm and colleagues say.

The researchers analyzed data from 32 experiments on different marine environments.

They then analyzed the 1,000-year history of 12 coastal regions around the world, including San Francisco and Chesapeake bays in the U.S., and the Adriatic, Baltic, and North seas in Europe.

Next, they analyzed fishery data from 64 large marine ecosystems.

And finally, they looked at the recovery of 48 protected ocean areas.

Their bottom line: Everything that lives in the ocean is important. The diversity of ocean life is the key to its survival. The areas of the ocean with the most different kinds of life are the healthiest.

But the loss of species isn’t gradual. It’s happening fast — and getting faster, the researchers say.

Worm and colleagues call for sustainable fisheries management, pollution control, habitat maintenance, and the creation of more ocean reserves.

This, they say, isn’t a cost; it’s an investment that will pay off in lower insurance costs, a sustainable fish industry, fewer natural disasters, human health, and more.

“It’s not too late. We can turn this around,” Worm says. “But less than 1% of the global ocean is effectively protected right now.”

Worm and colleagues report their findings in the Nov. 3 issue of Science.

– To the original article: