Topic: SECURITY - on May 29, 2012 at 8:45:00 AM CEST
Selling Software That Kills
The government of Syria uses made-in-California technology from BlueCoat Systems to censor the Internet and spy on its pro-democracy activists (who are regularly arrested and tortured, not to mention slaughtered wholesale.) Amesys of France and FinFisher of the UK aided brutal dictators in Egypt and Libya. Sweden’s Teliasonera allegedly took up the same cudgel in Belarus, Uzbekistan, Azerbaijan, Tajikistan, Georgia and Kazakhstan. McAfee and Nokia Siemens have done the same in Bahrain, Saudi Arabia and Kuwait.
Meanwhile, back in the USSA, Bain Capital recently bought a Chinese video-surveillance company reportedly “used to intimidate and monitor political and religious dissidents,” and Cisco “has marketed its routers to China specifically as a tool of repression.” You can’t help but be impressed by how globalized the oppression-technology industry has become.
... Link (0 comments) ... Comment
Topic: weiss nicht - on May 29, 2012 at 8:43:00 AM CEST
Analysis: JPMorgan dips into cookie jar to offset "London Whale" losses
JPMorgan Chase & Co has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank's now-infamous "London Whale," compounding the cost of those trades.
CEO Jamie Dimon earlier this month said the bank sold corporate bonds and other securities, pocketing $1 billion in gains that will help offset more than $2 billion in losses. As a result, the bank will not have to report as big an earnings hit for the second quarter.
... Link (0 comments) ... Comment