Zero-Day Attacks French GIFAS and US VFW

b2ap3_thumbnail_BugIE.jpg

Old IE Too Risky for GIFAS and VFW

 

The French military defense contractor GIFAS and the US veterans organization VFW learned the hard way why updating Microsoft software such as Internet Explorer makes a big difference. These two organizations received the same treatment a Japanese financial company took on the chin recently, which some security investigators from Symantec Corp blamed on a Chinese conspiracy. The Chinese government has firmly denied all Chinese involvement, of course. http://www.reuters.com/article/2014/02/15/us-hacking-microsoft-idUSBREA1D02220140215

 

The attack depends on old versions of the Microsoft browser Internet Explorer (IE). Specifically, versions 9 and 10 of IE were attacked through ‘zero day vulnerabilities.’ The most obvious and cheapest preventative, short of avoiding IE and other Microsoft software (which has become a routine choice among many experienced professional software developers), requires upgrading to IE version 11. http://www.pctools.com/security-news/zero-day-vulnerability/

 

A simple portrait of how Microsoft makes software has helped me for the past several decades, so I will pass it along to those who might be able to use it themselves. When in the 1970’s Microsoft was starting up, it won a huge gamble that made all the difference in its profitability. Beating its CPM competitor by sheer luck to obtain a contract with IBM, the planet’s largest computer maker then and still a force with which to be reckoned, Bill Gates and his buddies decided to put out whatever software they could cobble together quickly to meet contract deadlines. http://en.wikipedia.org/wiki/History_of_Microsoft

 

They pushed junk software onto a hungry, naïve market and as quickly as they could they upgraded that junk piece by piece. In terms of management theory, they turned the old professionals’ model of Administration-Service-Sales (where a business sets up a shop or an office, hones its skills and builds its inventory to offer great services or products, and then sells its very best to a small market that recognizes value; http://www.sba.gov/content/marketing-sales-management) to the new model Sales-Service-Admin (where the business promises to sell whatever customers say they want despite not currently having it, then cobbling together something close to what was promised and servicing it to patch unavoidable glitches, and finally handling paperwork admin as an afterthought). The result made Microsoft a financial success very quickly, although insiders who knew how the magic had been made vowed to do something different and better.

 

The same model, SAA, has been adopted repeatedly in markets where customers don’t recognize value because the standards have shifted and the sophistication needed to apply those standards to evaluate a service or product has become too advanced. Microsoft did not invent the SAA management model but Microsoft mastered it.

 

Today Microsoft software seems ubiquitous; avoiding it requires real effort. Further, competitors who saw how profitable Microsoft became almost overnight couldn’t beat that profitability so they joined in, leaving consumers adrift in a violent SAA sea.

 

Enter the hackers who know the weaknesses of early products well enough to take advantage. That’s how the zero-day vulnerabilities get in the door. No one sees them enter until their damage is done. Ongoing security investigators suspect that the same holes now being patched at the VFW and GIFAS may have been embedded in software for some extended time before discovery.

 

The old professional model that combined a hard won set of specialized knowledge with age old moral codes has given way in this age of information to ever improving knowledge without the morality. The role of security investigators, both governmental and private, will have a long and profitable future in this environment, as analysts at http://HamiltonFinanceServices.com see it. What do you think?

 

 

Fun Book About Hindu’s Other Voices by Wendy Doniger

b2ap3_thumbnail_HinduBuilding.jpg

Spiritualism and religion, or in the western vernacular, faith, has occupied my mind since the first conscious breaths I can remember. Who or what is God, I have asked since the time I learned to speak.

 

A few seekers have crossed my paths, and when they write I grab their texts in hunger and thirst, continuing my journey in search of faith, or as I prefer to name it, something worth trusting. Wendy Doniger, or once as I learned her name a while ago, Wendy O’Flaherty, has attracted me along the way because she has focused all of her distinguished career on Hinduism. http://www.faithstreet.com/onfaith/author/wendy-doniger

 

Equally interesting to me, she has taught for years at the University of Chicago’s divinity school, which exists just a few miles away from my family’s stomping grounds. Sanskrit was not one of the 14 languages I mastered, albeit temporarily, in my services to the US government, so the original texts related to one of the oldest human faiths have stood beyond my reach. Only English and German translations from Sanskrit, plus a few dozen excellent commentaries in English, have held my gaze. http://divinity.uchicago.edu/wendy-doniger

 

Happy Day! Wendy has published another fun read entitled The Hindus: An Alternative History, which now graces my Kindle reader. It won’t grace the reading devices of many Hindus, however, because the publisher, Penguin Books, just agreed today to take all of its print copies and destroy them, putting them out of the reach of anyone trying to purchase a copy in India. http://www.reuters.com/article/2014/02/14/us-india-book-idUSBREA1D0TX20140214

 

Funny how the grandest democracy of them all, India, carefully squelches all divergent voices when it comes to Hinduism. What are they trying to hide, I must wonder aloud. That is precisely what Wendy’s new book uncovers: The divergent stories of great minds lost behind the hierarchical cloak of a choreographed Hindu history. That established history, similar to many other histories, offers one traditional view of Hinduism’s long reign from the perspective of its religious leaders. All divergent views critical or simply unsympathetic to that hierarchy or that traditional view have been immersed in the overbearing weight of unpublished histories. http://www.huffingtonpost.com/2014/02/11/the-hindus-wendy-doniger-withdrawn_n_4769192.html

 

If the contemporary Hindu leaders of India had their way, Wendy Doniger’s latest excellent effort would also be immersed in obscurity…forever. But I am here to tell the world that a scholarly based, delightfully good read about an alternative Hindu history is available now, everywhere in the world except the capitol of Hinduism. http://HamiltonFinanceServices.com

 

Everyone should purchase or check out from the local library a copy of The Hindus: An Alternative History. Let us show the free speech aspirationalists of India how the rest of the world takes its leaders’ censorship. At least, that’s my opinion.

 

 

What do you think?

Wintery Mix on Wall Street

b2ap3_thumbnail_WinterWeatherAlert.jpg

On Tuesday this week when Janet Yellen, Federal Reserve Chair, testified before the US Congress, stock prices on the Wall Street market climbed. Today, however, as Yellen’s testimony was postponed due to a winter storm in the Washington DC region, stocks dove. http://www.reuters.com/article/2014/02/13/us-markets-stocks-idUSBREA080LL20140213

 

News of increased jobless claims http://www.bls.gov/news.release/empsit.nr0.htm and slumping spending by consumers http://www.bls.gov/cex/ added downward pressure in the US stock market, so the winter storm cannot account for all of the bad news on Wall Street.

 

Some analysts call the current market sentiment a wintery mix. http://www.cit.com/perspectives/outlook-series/retail-outlook/index.htm?cmp=PaidSearch&gclid=CNntt9eoybwCFSYOOgodqxQARQ&jsf=688b9263-dc0d-4772-872c-457b7f2ea0ae:35584

 

Nonetheless Comcast and Time Warner sealed their deal to let Comcast buy out its cable competitor with a stock swap, betting that the two largest cable systems in the US will generate plenty of profits as 2014 unfolds. The current declines on Nasdaq, the DOW, and Wall Street portray low sentiments now, but overall market growth still bolsters some, as the Pepsi report of 5% gain illustrates.

 

To analysts at http://HamiltonFinanceServices.com the current market should be interpreted as a ‘consolidation’ for steady growth reports in the first and second quarters of 2014.

 

What do you think?

 

 

CAR Crises Grows Despite French Troop Commitment

b2ap3_thumbnail_CAR.jpg

France’s 1600 military members support a larger UN force of peacekeepers in the Central African Republic (CAR) http://en.wikipedia.org/wiki/Central_African_Republic but according to the UN Secretary-General Ban Ki-moon many more French troops must be sent to effectively produce peace. http://www.reuters.com/article/2014/02/11/us-central-african-un-idUSBREA1A2AK20140211

 

Already 5000 African troops work with the French, yet Christian forces intent on permanent removal of Muslims coordinate ‘ethnic cleansing’ across hundreds of miles in the land-locked republic. Over 250,000 new CAR refugees in the region since the beginning of 2014 have been added to the existing 850,000, which includes 400,000 in the immediate vicinity of Bangui, capitol of CAR. http://www.voanews.com/content/amnesty-peacekeepers-failed-to-prevent-ethnic-cleansing-in-car/1849583.html

 

Will other Euro forces join in support of CAR peacekeepers? According to a member of the European Union’s parliament, Arnaud Danjean, “Many European countries do not consider the situation in Central African Republic as a strategic and military priority.” http://www.euronews.com/2014/01/10/france-and-eu-involvement-in-central-african-republic/

 

So will the humanitarian crisis in CAR simply be left to grow? Should France reconsider its commitments to African peace? Are the current French troops to be left as the only significant European force for the foreseeable future?

 

Here at http://HamiltonFinanceServices.com we pose such questions to clarify the larger conversation about how the First World nations will respond to Third World crises. Some opinions in the debate describe the modern policy of world leaders as disengaged. http://HamiltonFinanceServices.com/?p=1503

 

If wars escalate, leaving in their wake waves of millions of refugees, can the EU and the USA afford to stand back? Are there no strategic interests related to central Africa? What other nations in the region might benefit from peace in CAR?

What do you think?

 

 

 

 

 

 

More Bitcoin Carnage

b2ap3_thumbnail_DigitalCoin.jpg

Yesterday we commented about Mt Gox’s halt to Bitcoin account withdrawals, and today we focus on denial of service attacks from unknown computer operators. Mutant code lines have been targeting the Bitcoin program. http://www.reuters.com/article/2014/02/12/us-usa-bitcoin-idUSBREA1A20X20140212 Consequently, shutdowns on exchanges supporting Bitcoin and other digital currencies have raised concerns worldwide, says the Bitcoin Foundation. https://bitcoinfoundation.org/blog/

 

Although Bitcoin stresses that it now is collaborating with other currency technicians to work around the cyber attacks, the broader public attention to digital currencies has generally suffered a significant blow to confidence this week. http://www.forbes.com/sites/leoking/2014/02/12/bitcoin-hit-by-massive-ddos-attack-as-tensions-rise/

 

Here at http://HamiltonFinanceServices.com we will continue our monitoring of NewCoin news because we believe changing how money works for people matters.

 

 

What do you think?   

Better Markets Sues US Justice Dept

b2ap3_thumbnail_BetterMarketsOrg.jpg

NGO Better Markets http://www.bettermarkets.com/ sues for better market justice.

 

A Washington DC non-profit organization named Better Markets, headed by Dennis Kelleher, has sued the US Department of Justice, headed by Eric Holder. We have not seen the pleadings at HamiltonFinanceServices.com, but from reports in the Wall Street Journal, it appears to be a suit alleging malfeasance by Eric Holder and failure of due process over the Justice Department settlement with J P Morgan Chase. http://online.wsj.com/news/articles/SB10001424052702304558804579375032500914984?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304558804579375032500914984.html

 

As reported, the J P Morgan Chase settlement ended potential civil actions by the Justice Department related to allegations of fraud by J P Morgan Chase. http://hamiltonfinanceservices.com/?p=948 Better Market says that without more details made public, the settlement fails to serve the marketplace or the justice system adequately. http://www.reuters.com/article/2014/02/10/us-lawsuit-justice-jpmorgan-idUSBREA191ET20140210

 

In other words, Better Markets says, through its law suit, that the Justice Department may be unjustly favoring a big bank with a sweetheart deal that the federal courts, not the prosecutors at Justice, should oversee. http://www.afp.com/en/node/1267903

 

Interesting idea, but will it fly? Will the court system recognize Better Markets’ standing to sue in the first place?

 

The settlement between the Justice Department and J P Morgan Chase constitutes a blanket settlement of all civil claims, reserving a possibility of criminal action for the future at the discretion of the Justice Department. Better Markets argues that without publicly disclosing the names of perpetrators and other details underlying the settlement, the un-filed civil law suit from Justice may hide a sweetheart deal.

 

 

What do you think?

Bitcoin Blues on Mt Gox in Tokyo

b2ap3_thumbnail_cryptocoin-2.jpg

Bitcoin Withdrawals Halted by Mt. Gox

 

With New York’s top banker set to regulate Bitcoin exchanges, the Tokyo marketplace named Mt. Gox halted withdrawals late last week of all digital accounts. http://www.forbes.com/sites/leoking/2014/02/11/bitcoin-trading-technology-in-question-as-currency-dives-after-glitch/

 

Bitcoin, the most traded cyrptocoin, lost about 14% of its value, dropping from a price in US dollars of $692 per coin to $595. http://www.reuters.com/article/2014/02/10/us-investing-bitcoin-idUSBREA191Y220140210

 

The Mt. Gox action to stop withdrawals arose from “unusual activity” detected in the marketplace. No details about the nature of such activities has been released so far. Sebastien Galy, a currency trader with New York’s Societie Generale described the technical issues as “… of a much larger intensity than we’ve seen in the past.”

 

In recent months the Sacramento Kings basketball franchise and the online retailer Overstock.com began accepting Bitcoins for payment. At the same time, however, legal actions surrounding arrest of Bitcoin leaders raised fundamental questions about cyrptocoin viability. http://hamiltonfinanceservices.com/?p=1350

 

Is this the beginning of the end for digital coin alternatives to government-backed currencies? Or is this simply another adjustment in the longer term birth of new currencies? http://www.afp.com/en/search/site/bitcoin/

 

What do you think?

 

 

 

 

Something About ASCAP Still Bugs Me

b2ap3_thumbnail_ASCAP.jpg

You may have never heard of me, but in a few small circles I am known as a concert pianist and a composer of contemporary music for piano.  Since age 4 I have played as a solo pianist and as an orchestral pianist, but only for non-profit performances that benefit charities I prefer to encourage.  Additionally, as an attorney and professor of law I have written and published two legal textbooks (under my legal name) and as a dilettante I also wrote and self-published four spy novels under a nome de plume in French.  Finally, I have also painted in oils and acrylics, and mostly while traveling in the Far East for a few years, I exhibited most of the art still in my possession. http://artlacrosse.com

 

So when I candidly tell you how ambivalent I feel about today’s VOA article in the Arts & Entertainment Section by Jeff Lunden extolling the benefits of the American Society of Composers, Authors, and Publishers (ASCAP), you might be surprised.  http://www.voanews.com/content/ascap-celebrates-100-years-of-protecting-composers/1848269.html After all, as an artist I should be sympathetic to other artists in need of compensation for their works.

 

While I practiced piano from an early age, I did so mostly in imitation of my mother and her little sister, my aunt, both of whom became accomplished concert pianists when I was very young.   I loved music from the beginning and I played for hours daily out of adoration for my mother and aunt.  When I first performed in Madison, Wisconsin, it was for holiday gatherings of our little city’s elite.  That blossomed into more work, and by the time I attained teen age, I rebelled in favor of a very different lifestyle.  Still, I continued to love music and taught myself to compose piano pieces, which a friend at the University of Wisconsin transcribed and arranged.  It offered relief from pain in other parts of life, and I never expected to receive a cent for any of that work.  http://en.wikipedia.org/wiki/Arthur_Schopenhauer’s_aesthetics  If any proceeds flowed from my performances or compositions, I only wanted those benefits to go to local shelters.

 

The same feelings followed my writing of two textbooks for a large organization where I worked.  I gladly signed over all copyrights to that organization, preferring to focus on better things than the business of publishing.  After I became somewhat self-sufficient financially from the practice of law and military service, I played with novel writing and self-published four of my spy novels in the 90’s when spy novels seemed popular.  I set up a trust to take any profits and donate them to designated charities that support young artists.

 

To me, composing, writing, and painting garnished my life of work in other fields.  Hopefully, my music, words, and images also enriched the lives of a few others.  To seek payment for that art somehow diminishes it, in my view. http://www.arthistoryunstuffed.com/kant-art-for-arts-sake/

 

Granted, some friends who also created art argued their need for income from their work, and I never disagreed with them.  I simply went my own way.

 

So today when the Voice of America (VOA) recounted the ‘brilliant idea’ behind ASCAP, I cringed a little.  Sure, let the famous entertainers take their bows and ample paychecks.  The laws of Europe and America support those rights to payment for intellectual property expressed in art.  Yet, something seems lost in that bargain, at least to me.

 

What do you think? 

 

Jerome Hamilton, editing blogster at http://HamiltonFinanceServices.com where your comments are always invited

 

 

Polygamy Not Thriving Anywhere

b2ap3_thumbnail_BigBed.jpg

Polygamy in Utah Not Remotely Mainstream

 

News on Yahoo today suggests that polygamy thrives in Utah, but I beg to disagree. Having lived there and observed first hand how most “Mormons” live, I find Yahoo’s article title grossly misleading. http://news.yahoo.com/polygamy-thrives-utah-071640727.html It’s not really William Edwards’ article from Agence France-Presse (AFP), published first on YouTube as a vidnews, that bothers me. http://www.youtube.com/watch?v=qZkRow2BQAE&feature=c4-overview It’s Yahoo’s inaccurate title!

 

Polygamy has not thrived in Utah since the 1890’s when leaders of the mainstream Church of Jesus Christ of Latter-day Saints denounced the practice of plural marriage and began excommunicating anyone who continued it. Once in a rare moment today such excommunications still occur, but to most of Utah’s Mormons it’s a non-issue, even a peculiar and embarrassing factoid of history. Splinter minority groups rebelled against that strong 1890 denunciation by Mormon leaders and formed their own versions of churches designed primarily to perpetuate the polygamous lifestyle. Those churches never became mainstream, let alone thrive in Utah or elsewhere.

 

I suggest that news hounds intent on sniffing out current reports about our world go straight to the AFP site instead of bothering with Yahoo’s exploitative twist on both Reuters and AFP reporting. As a predominant American English speaker, I like http://www.afp.com/en/news/ but most other major languages also appear on that AFP site. And Reuters traditionally offers a great line up, too, at http://www.reuters.com/ so don’t let your news become diluted by less than professional reporting.

 

Of course, if you just want honest news commentary from the heart of America, I invite your review of my blog at http://HamiltonFinanceServices.com, where your comments, too, are always welcome.

 

 

 

 

 

Great Olympics Opening, No Matter What Others Focused On

b2ap3_thumbnail_Olympics2014.jpg

Distant Focus on Olympic Grandeur Leaves Flaws Invisible

Photo Published by http://HamiltonFinanceServices.com

 

Watching the Olympics open in Russia yesterday from a distance of several thousand miles gave a different view than seems generally reported the day after. Lead up to the event was informative (http://www.youtube.com/watch?v=gddpRX14OEQ) and even grand (http://www.youtube.com/watch?v=rgA9y45rCgM). Yet, some critics watching the opening in person saw the fifth Olympic circle fail to ignite and they reported how TV coverage substituted a practice run as the broadcast to avoid coverage of the failed ignition. Other critics saw one of the flame-lighters, the great Olympic champion and now Russian hero Irina Rodnina, as the wrong choice for flame-lighter. Last autumn she re-tweeted a photo from American friends of US President Obama eating a banana, interpreted by some as racist and therefore those critics labeled Rodnina with the same invectiveness. (http://www.reuters.com/article/2014/02/07/us-olympics-ceremony-controversy-idUSBREA1620220140207)

 

To a neutral online observer watching the Olympics opening in Russia, none of the flaws so heavily discussed by commentators seemed noticeable. The procession looked beautiful and as symbolically meaningful as the Olympic originators had dreamed in 1896. (http://en.wikipedia.org/wiki/1896_Summer_Olympics)

 

Should the jaundiced views of reporters bent on finding fault be the primary lens through which one observes the international cry for peace and athletic beauty embodied in Olympic gatherings? To the observers at http://HamiltonFinanceServices.com, the obvious answer seems to be, “Never!”

 

No great nation-state can escape its critics, and the criticism pressed in the face of national leaders serves a significant purpose: It displays where improvement may be made. Nonetheless, the grandeur of the Olympics should not be diminished to those who long for expression of an ideal, however distant from the streets of daily life. We each may preserve that grandeur by selecting the message intended by the Olympic organizers as our primary focus.

 

 

What do you think?