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by dgxy＠bobjane.com.au 01 Sep '08

01 Sep '08

Several civilians stood at a bus stop in the quiet center of Tbilisi, the capital of Georgia, which suddenly found itself at war with Russia. At the sight of a plane that appeared high up in the sky, people panicked and ran to seek shelter in a bus or in a nearby store; one man threw himself down on the ground and covered his head with his arms. The plane continued its way and soon disappeared.It was just a passenger jet. In Tskhinvali, a town one hour's drive from Tbilisi, people can no longer use public transportation--or even walk in the streets. Their city was destroyed Friday after Georgian forces carried out a massive artillery attack. "Women and children were hiding in basements for a few days,It was enough just to hear this howl of shell rushing along. You feel like nothing in the world is more important than this sound," said Djemal, a vacationer in Tskhinvali. He has forbidden his 8-year-old daughter to approach the sea. "I will cover her with my body during bombing if she stays close to me. I won't be able to save her when she is swimming..."" We do not care who started the war, we are concerned about the facts... thousands are suffering because of the political propaganda shrouding the Russo Georgian conflict... Future consulting Group donation is launching relief efforts for South Ossetian and Georgian civilians fleeing escalating violence between Russian and Georgian forces. Find more at www.futureconsultgroup.com For additional references you may contact me via e mail manager_1(a)futureconsultgroup.com Sincerely Brian Flygare

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by Weldon Quick 01 Sep '08

01 Sep '08

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The Bank Account That Sprang a Leak
by R.A. Hettinga 01 Sep '08

01 Sep '08

"Burning Chrome" meets "Burning Platinum"? In this case, even a 60-day actual settlement time on a stated three- day NACHA transaction couldn't help this gentleman. As irrevocable transaction settlement time trends to instantaneity, the more dangerous book-entry settlement becomes. The *least* an instantaneous book-entry transaction risks is the value of the account performing the transaction. The *most* it risks is all the assets of the identity controlling that account. An instantaneous digital bearer transaction would risk, at most, the value of transaction alone. Cheers, RAH -------- <http://www.nytimes.com/2008/08/30/business/yourmoney/30theft.html?pagewanted =print > New York Times August 30, 2008 The Bank Account That Sprang a Leak By DIANA B. HENRIQUES They are a staple of consumer-complaint hotlines and Web sites: anguished tales about money stolen electronically from bank accounts, about unhelpful bank tellers and, finally, about unreimbursed losses. But surely customers of the elite private banking operation at JPMorgan Chase, serving only the banks wealthiest clients, are safe from such problems, right? Wrong, says Guy Wyser-Pratte, an activist investor on Wall Street for more than 40 years who uses his hedge funds war chest of roughly $500 million to wage takeover fights and proxy battles in the United States and Europe. In May, Mr. Wyser-Pratte learned that someone had siphoned nearly $300,000 from his personal account at the private bank through many small electronic transfers over a 15-month period. Then he was told by the bank that he could stop the theft only by closing his account and opening a new one an enormous hassle, he said. And finally, JPMorgan Chase told him that the bank would cover only $50,000 of his losses. While this is an unfortunate situation, we believe our response has been entirely appropriate, said Mary Sedarat, a spokeswoman for the private banking service at JPMorgan Chase. Mr. Wyser-Pratte emphatically disagrees. They never should have approved that first transfer, he said. The wealthy financier is getting a taste of what the rest of us have to deal with all the time, said Gail Hillebrand, the senior staff lawyer for Consumers Union in San Francisco. That sour taste is called automated clearing house fraud, theft involving unauthorized electronic transfers through the automated networks of the circulatory systems that connect the worlds bank accounts. When a consumer writes a check, the merchant that accepts it is entitled to have the specified amount taken from the customers bank account and sent electronically to the merchants account. But once someone has certain routing numbers for a customers account, fraudulent transfers become possible unless the customer carefully scrutinizes all of the transactions on the monthly account statement. If the consumer reports a clearly unauthorized transaction within 60 days, federal banking rules require the bank to cover the loss, Ms. Hillebrand said. If not, and if the bank informed the customer in advance about the 60-day deadline, the bank has no liability. Consumer advocates agree that online purchases and automatic bill- paying arrangements have greatly complicated the task of catching fraudulent transfers particularly small ones from busy accounts. And Mr. Wyser-Prattes personal account was as busy as his life. Louis Morin Jr., his chief operating officer, said his boss splits his time between Paris and New York and travels almost constantly. He is not someone who writes 30 checks a month more like thousands a month, Mr. Morin said. And a retail bank statement is kindergarten arithmetic compared with the monthly statement for a private banking client. Indeed, Mr. Wyser- Pratte said that the statements have become so complicated not even a Wall Street veteran like himself could detect the continuing theft. I kept complaining that the banks records showed I was overdrawn when I shouldnt be, he said. Each time, he was assured that the statement was accurate, even if he could not decipher it. As for the 60-day deadline for reporting a theft, I never knew about it, he said. I opened that account eons ago, it must be 20 or 25 years now. I dont think I ever signed anything agreeing to that policy. It all sounds sadly familiar to Ms. Hillebrand, who said all bank customers even wealthy private banking customers must know their rights and watch their monthly statements. It is easier than ever for people to steal money from your account, she said. Mr. Wyser-Pratte has filed a complaint with the New York City Police Department. A detective working on the case confirmed that an investigation is under way. According to Mr. Morin, the money was sucked out of Mr. Wyser-Prattes personal account through dozens of unauthorized purchases of computer equipment from Dell. But so far, police investigators have been able to trace only a single $1,600 shipment of equipment, delivered to a nonexistent business in Brooklyn. Mr. Wyser-Pratte, understandably eager to solve the mystery, complained that neither Dell nor his bankers were giving the police enough help. Dell is cooperating fully with the police, said Jess Blackburn, a company spokesman. We have been very responsive to all requests for information. JPMorgan Chase is also cooperating fully, said Ms. Sedarat, the bank spokeswoman. This is an important reminder that clients are responsible for monitoring activity in their accounts. The banks private banking clients probably did not need another reminder so soon. On July 29, federal authorities in Manhattan announced the indictment and arrest of Hernan E. Arbizu, who was a vice president in the private banks Latin American unit and who is accused of embezzling more than $5 million from his private banking clients. Ms. Sedarat said that case was completely unrelated to Mr. Wyser- Prattes loss.

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by Cameron Conklin 01 Sep '08

01 Sep '08

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Bell Labs Kills Fundamental Physics Research
by Sarad AV 01 Sep '08

01 Sep '08

http://blog.wired.com/gadgets/2008/08/bell-labs-kills.html

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Help Stop Premature Ejaculation!
by Joesph Hobbs 31 Aug '08

31 Aug '08

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Kremlin critic shot in Ingushetia
by R.A. Hettinga 31 Aug '08

31 Aug '08

This guy didn't read enough Thomas Paine. Cheers, RAH ---------- <http://news.bbc.co.uk/2/low/europe/7590719.stm> BBC NEWS / EUROPE 19:37 GMT, Sunday, 31 August 2008 20:37 UK Kremlin critic shot in Ingushetia The owner of an internet site critical of the Russian authorities in the volatile region of Ingushetia has been shot dead in police custody. Magomed Yevloyev, owner of the ingushetiya.ru site, was a vocal critic of the region's administration. The Russian prosecutor's office said an investigation into the death had been launched, Russia media report. A post on Yevloyev's site says he was detained by police after landing at the airport of the main town, Nazran. The website owner was taken to hospital but died from his injuries. Reports quoting local police said Yevloyev had tried to seize a policeman's gun when he was being led to a vehicle. A shot was fired and Yevloyev was injured in the head. Fierce critic Yevloyev was a thorn in the side of Ingush President Murat Zyazikov, a former KGB general. His website reported on alleged Russian security force brutality in Ingushetia, an impoverished province of some half a million people, mostly Muslims, which is now more turbulent than neighbouring Chechnya. President Zyazikov had been on the same flight as Yevloyev. Ingushetia borders Chechnya and has suffered from overflowing unrest. There is a low-level insurgency, with regular small-scale ambushes against police and soldiers. In June 2008, the Human Rights Watch group accused Russian security forces there of carrying out widespread human rights abuses. HRW said it had documented dozens of arbitrary detentions, disappearances, acts of torture and extra-judicial executions.

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by Dora Fulton 31 Aug '08

31 Aug '08

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31 Aug '08

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Re: Tromboning: Internet Traffic Begins to Bypass the U.S.
by Eugen Leitl 31 Aug '08

31 Aug '08

----- Forwarded message from "Steven M. Bellovin" <smb(a)cs.columbia.edu> -----

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