Posts Tagged ‘internet’

Corporate Hacker Tries to Take Down WikiLeaks

Stephen Colbert reports on technothriller going on between Wikileaks, Anonymous (a "global hacker nerd brigade") and Aaron Barr. H/t Ron. – Ilene

Corporate Hacker Tries to Take Down WikiLeaks

A corporate hacker tries to take down WikiLeaks by faking documents and blackmailing American journalists.


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Why Did the U.S. Military Buy 500 Fake Internet Personas?

Courtesy of Jr. Deputy Accountant

The answer to the question "why does the government need software to create a bunch of fake Internet "people?" is probably quite simple, and while Daily Kos seems to feel it has to do with attacking progressives, I’m afraid the aim of the purchase is far more subversive and far-reaching. Leave it to libtards to take it personally and ignore the fact that there is an ongoing war against Americans, waged by their own government, that has so far claimed our privacy, freedom and now our economic well-being. 

I also remind Daily Kos here that the American progressive is already an extinct creature, replaced by leftist maniacs too drunk on their own perceived invincibility to realize that they’re the ones holding the torches as Rome burns. I have no problem with progressives and could probably play one on TV as I believe in crazy ideas like advancing knowledge and equal rights and am fascinated by the sociology of economics, all matters progressives tend to say they are into. I believe gays should be allowed to marry but churches should be allowed to say they refuse to marry them (that’s the whole separation of church and state we seem to have forgotten about). Just as the true conservative has been replaced with a holier-than-thou army of Christian fundamentalist freaks who obviously haven’t read a Bible lately since the one I read said something about "love your brother" and "judge not lest ye be judged," we are once again losing the battle by fighting amongst ourselves over semantics instead of attacking the true enemy. 

But what if the enemy could replicate itself to infinity and invade our most sacred space of information exchange, the Internet? Worse, what if they already have?

We have known for a long time this happens. It’s why sketchy IP addresses show up in my stats and comments appear on politically-charged websites that seem to paint the OP as a kook or set up a critical mass of straw men to otherwise discredit the point of the article. I’ve seen it in practice and it’s usually more sad than frightening. Real commenters get so caught up in their feelings they let their emotions bleed through the keyboard. Real commenters are idiot Americans who were churned through our sub-par public school system and don’t know…
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The Internet Makes me Pee LESS

What is the internet doing for you lately? Tell me.  Or just think about it. – Ilene 

The Internet Makes me Pee LESS

Courtesy of Howard Lindzon 

Comedian Sarah Silverman presents her fans and the media with her latest book, The Bedwetter: Stories of Courage, Redemption, and Pee at a local Barnes and Noble in New York City, New York on April 20, 2010. Fame Pictures, Inc

There is a useless debate on Le Web over Le Years whether the internet makes you smarter or dumber . Let me chine in on that:

COULD. CARE. LESS

I know what Le Web does for me. I hold my pee in longer. It could be my age and gynormous prostate but I think it’s engagement. I sit, I read, I am engaged, I hold in a pee.

Clay Shirky has the important stuff on the subject of ’smarter or dumber’:

The past was not as golden, nor is the present as tawdry, as the pessimists suggest, but the only thing really worth arguing about is the future. It is our misfortune, as a historical generation, to live through the largest expansion in expressive capability in human history, a misfortune because abundance breaks more things than scarcity. We are now witnessing the rapid stress of older institutions accompanied by the slow and fitful development of cultural alternatives. Just as required education was a response to print, using the Internet well will require new cultural institutions as well, not just new technologies.

What Does the Internet Make You do more or Less of… 


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An Age of Miracles and Wonders

An Age of Miracles and Wonders

Courtesy of Tim at The Psy-Fi Blog 

Low angle view of a woman with outstretched arms against blue sky

S-t-r-e-t-c-h

Stretch your arms out to either side and imagine you’re looking at the economic growth of the human race over its entire four thousand year documented history. From the fingertip on your right hand to the first wrinkle on its index ftinger more or less covers the first three thousand eight hundred years. From there to the end of the index finger on your left hand represents growth over the nineteenth and twentieth centuries.

We truly live in an age of miracles and wonders. Medical advances have ensured more people live longer than ever before, scientific achievements have created a world in which we’re surrounded by astonishing labour saving creations and inventions which allow us to waste the time we’ve saved and the extra years of life we’ve been granted. Meanwhile our economic understanding of how this happened has, well, gone nowhere very interesting really. How did we achieve this state of grace?

Science and Medicine

View of female pharmacist holding and yellow and white box

 One thing’s perfectly clear – the massive economic growth seen over the last couple of hundred years doesn’t have an awful lot to do with economics. Perhaps the prevalence of capitalist doctrines has prevented excessive government intervention in free markets at too early a stage, but otherwise we’ve veered about wildly while booming and busting our way to a greater level of wealth and health than ever before seen on the planet.

On the other hand this has had a lot to do with medical advances. Medicine has ensured that our useful lives are greatly extended – although a lot of the increase in average lifespans so often discussed is down to vast decreases in infant mortality. Still, we no longer die en-masse of septicaemia. Better, though, improvements in healthcare have extended the useful working lives of people: imagine a world in which most people were dead by 45. Heck, no politicians.

From Third World to First

Along with this we’ve seen incredible advances in science and engineering. In my father’s living memory he recalls the arrival of electricity, sewage disposal and tarmac to his home village. My grandmother was born before the Wright Brothers took flight and outlived – by far – the Apollo program. Yet her grandfather lived in a world virtually unchanged for a millennium: a world of hard…
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The Truth About Your Email Domain

The Truth About Your Email Domain

Courtesy of Joshua M Brown, The Reformed Broker 

This is hilarious and totally true.

I love.

theoatmeal.com/comics/email_address

You have to click over for the rest (below)

Source:

What Your Email Address Says About Your Computer Skills (The Oatmeal) 


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The Coming Apple iOS – Android Wars

The Coming Apple iOS – Android Wars

Courtesy of Edward Harrison at Credit Writedowns 

A model poses with the new Samsung Galaxy S Android smartphone during its launch ceremony at the headquarters of Samsung Electronics in Seoul June 8, 2010. REUTERS/Truth Leem (SOUTH KOREA - Tags: BUSINESS)

In my last technology post, I wrote that we are moving to an Internet-centric world where your computing device or operating system are less important because your data will live and breathe in the Internet cloud. Google, in particular, is preparing for this world because it has a dominant role in the Internet through search. But everyone is moving to an Internet-centric service and content delivery strategy.

The telecom providers understand that their networks make them gatekeepers who can extract rents from content providers. Having paid handsomely to build these networks, they are fighting to not become dumb pipes and resisting net neutrality in order to keep that gatekeeper role. This is one reason Google is trying to build its own network and circumvent the telcos. Eventually, I think the land-based telcos will lose and the battle will move to one between mobile operating systems like Apple’s iOS and Android. Although mobile phone operators may still be able to extract rents for a while longer than the fixed-line telcos.

The PC OS landscape

In the past, the operating system has been important in computing because it allowed the same software to be run on different computing devices, permitting users of those devices to transfer data easily as they were using the same software. But, the OS also benefitted as the more installed users one OS had, the more developers created software for the operating system. These network effects made achieving critical mass a defining factor. Going forward, network effects will also be important in monetizing OS-proprietary e-Commerce platforms like iTunes and Google’s new iTunes competitor.

One reason Apple was near bankruptcy before Steve Jobs re-appeared on the scene is because Apple’s Macintosh’s installed base had shrunk. I used a Macintosh from the mid-1980s but was forced to switch to a PC when I bought a laptop in the mid-1990s that I used both at home and for work. As the PC gained sway, millions of users like me were forced to give up the Mac. And, of course, that meant software developers gravitated to the PC platform and the Mac became a niche product.

The Move to the Internet-centric Model

As Internet bandwidth increased, more and more of what had to be done locally or over a local area network on…
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Search No More: Google’s a Value Stock

Search No More: Google’s a Value Stock

2010 CeBIT Technology Fair

[H/t to John at Wall St. Sector Selector]

Courtesy of Ockham Research

Google’s (GOOG) stock has been punished thus far in calendar 2010 falling more than 20% from its 52-week high.  Some of that can be blamed on the recent correction, but with the broad market indexes just about even for the year there is obviously something more.  Much of the pessimism towards the internet search giant is related to its pull back from the lucrative Chinese market after a throw down over censorship, and Google’s pain has been Baidu‘s (BIDU) gain as their shares have grown nearly 80% already this year.  Some of this shift in valuation is certainly warranted, especially for Baidu, however we think that the reaction has created an opportunity to pick up shares of the global leader in search advertising.

recent info-graphic provided through Barry Ritholtz’s blog shows the degree to which “googling” has gone global (all statistics are as of February 2010).  In the US, Google claims an impressive 72% percent of search market share despite established competition.  However, to the south Google’s market share is stronger with Mexico and all of South America hovering around 90%.  Google has all but squeezed out the competition in such European countries as the Netherlands, Belgium, Latvia, Lituania, Hungary, Romania, and Poland all with greater than 95% share.  Interestingly, as of the time of the report, Google only claimed 26% of Chinese searches, but 81% from India.

GOOG

A recent report out of Google claims the company generated $54 billion in US economic activity in 2009, apparently this tabulation accounts for revenues generated through ads placed by on Google search results (as opposed to being Google’s own revenue).  The report laid out the value proposition for using their platform, “We conservatively estimate that for every $1 a business spends on AdWords, they receive an average of $8 in profit through Google Search and AdWords.”  It would seem to me profit is the wrong term to use in this case, but you get the idea; the platform works.

Clearly, internet search advertising is dominated by Google, and we have seen spending return as the economy has rebounded.  We believe this trend will continue as keyword targeted advertising has become a key medium for small business ad campaigns, and economic recoveries are a time when many small businesses get…
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THE IPAD WILL SAVE PRINT? YEAH RIGHT!

A watched iPot never runeths over.

THE IPAD WILL SAVE PRINT? YEAH RIGHT!

Courtesy of Richard Metzger at Dangerous Minds  

image
With all of the iPad hype going on this week, I was surprised that so few pundits were saying what I felt was glaringly obvious: No way in hell is the iPad going to save the ailing magazine and newspaper industry. Did anyone really believe that for a single second anyway?

Gimme a break! I already get more than enough distractions for free—no, really guys, my infotainment cup has been runneth overing for a very, very long time now—that there is no way, not a chance—none—that I’m going to subscribe to your magazine or newspaper now that a device I never asked for in the first place has been caused to exist by Steve Jobs. I don’t care what your new iThingee is or how great your marketing people are telling me it’s going to be. If you think what you’ve got is so unique and must-read that I should pay for it, I’ve got news for you, it’s not. It’s a very big Internet out there and as long as 99.99999 percent of it is free, your subscription fee is a self-imposed death sentence, and will not even constitute a revenue trickle let alone a stream.

Witness the recent paywall experiment at New York Newsday. It did not go very well. During the first three months of the paywall, exactly 35 people opted to pay for what they had been previously getting for free. Raise your hands, readers in Long Island, NY, how many of you who plan to buy an iPad also have plans to tap the digital ass of New York Newsday for a monthly fee?

About what I thought: None of you.

Every morning I scan dozens of newspapers around the world for my job at the…
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Chart School

S&P 500 Snapshot: Weak GDP? No Worries!

Courtesy of Doug Short's Advisor Perspectives.

The potential mover and shaker this morning was the surprisingly weak Advance Estimate of GDP for Q2, not to mention the downward revisions to the two previous quarters. But no worries for the market! The S&P 500 hits its -0.30% intraday low about 30 minutes into the trade and then bounced to its 0.32% intraday high during the lunch hour -- a record intraday high for that matter. A bit of zigzagging in the afternoon cut the closing gain in half to 0.16%, just a tad shy of a record close.

The bond market took a somewhat different view. The yield on the 10-year dropped six basis points to close at 1.46%. That's nine BPs off its all-time closing low and 11 BPs below its close on July 22, when the S&P 500 set its latest record close.

He...



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Zero Hedge

No ID, No Problem - Feds Overrule North Carolina Voting Rules As "Discriminatory"

Courtesy of ZeroHedge. View original post here.

Hillary and the federal government are determined to ensure a "fair" and "open" election this November and will stop at nothing to reverse discrimination against "oppressed" segments of the American electorate, well at least if you live in a large swing state.  This morning, the WSJ reported that the Fourth U.S. Circuit Court of Appeals in Richmond, Virginia struck down North Carolina's voter ID law just days after we ...



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Phil's Favorites

Weekend Reading: DNC - Discerning & Notional Conjugations

Courtesy of Lance Roberts of RealInvestmentAdvice.com

This week, the headlines have been dominated by the Democratic National Convention pushing Janet Yellen’s latest FOMC non-action to “page 6.”

Of course, it was not surprising to hear yesterday Janet Yellen has once again “flip-flopped” on hiking rates. This tweet from HedgEye sums it up nicely.

 

In honor of Summer, we're breaking out #Fed flip flops:

Hawkish DEC
Dovish MAR
Hawkish MAY
Dovish JUNE
Hawkish JULY pic.twitter.com/wK7Cxk7tS9

— Hedgeye (@Hedgeye) ...

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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

U.S. economy grows 1.2 percent in second quarter as inventories fall (Bloomberg)

The U.S. economy grew far less than expected in the second quarter as inventories fell for the first time since 2011, but a surge in consumer spending pointed to underlying strength.

Yellen Chases Elusive U.S. Wage Gains With Georgia On Her Mind (Bloomberg)

When Janet Yellen decides she’s ready to raise interest rates again, her impetus may be her go-to source on wage trends: the Federal Reserve Bank of Atlanta.

...



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ValueWalk

NetSuite Inc Stock Soars On Oracle Corporation Bid

By Jacob Wolinsky. Originally published at ValueWalk.

NetSuite Inc (NYSE:N) is soaring this morning as Oracle Corporation (NASDAQ:ORCL) has made a bid to buy the company for $9.3 billion. This deal has been rumored for some time but obviously few expected such a large premium or did not think the bid was certaintly coming as the stock is up about 18 percent at the time of this writing which is a lot for a tech giant. Here is what the sell side is saying.

NetSuite – analysts react

Nomura

Should the transaction take place, Oracle would pay about 9x NTM EV / revenue (based on consensus estimates for NetSuite), above the average multiple paid in our precedent SaaS Software acquisitions analysis of 6.8x . Additionally, Oracl...



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Mapping The Market

Illusion of Choice

From Jean-Luc:

Looks like we are down to about 10 companies for our consumer goods:

http://www.visualcapitalist.com/illusion-of-choice-consumer-brands/

Just like banks, airlines and cable companies! 

The Illusion of Choice in Consumer Brands

Explore the full-size version of the above graphic in all its glory.

If today’s infographic looks familiar, that’s because it originates from a well-circulated report that Oxfam International puts together to show consolidation i...



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Digital Currencies

Judge Rules Bitcoin Isn't Money Because It "Can't be Hidden Under A Mattress"

Courtesy of ZeroHedge. View original post here.

By Everett Numbers via TheAntiMedia.org

In a landmark decision, a Florida judge dismissed charges of money laundering against a Bitcoin seller on Monday following expert testimony showing state law did not apply to the cryptocurrency.

Michell Espinoza was charged with three felony charges related to money laundering i...



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Kimble Charting Solutions

Junk Bonds at important inflection point, should impact stocks!

Courtesy of Chris Kimble.

Junk bonds have been quality at sending Risk On and Risk Off message to the broad stock market. Below looks at Junk Bond ETF JNK over the past decade.

JNK finds itself at an important price point below and what it does in the upcoming couple of weeks could become a big influence on the Risk On/Risk Off trade.

CLICK ON CHART TO ENLARGE

...

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OpTrader

Swing trading portfolio - week of July 25th, 2016

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Biotech

This Is Why Biotech Stocks May Explode Again

Reminder: Pharmboy and Ilene are available to chat with Members.

Here's an interesting article from Investor's Business Daily arguing that biotech stocks are beginning to recover from their recent declines, notwithstanding current weakness.

This Is Why Biotech Stocks May Explode Again

By 

Excerpt:

After a three-year bull run that more than quadrupled its value by its peak last July, IBD’s Medical-Biomed/Biotech Industry Group plunged 50% by early February, hurt by backlashes against high drug prices and mergers that seek to lower corporate taxes.

...



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Promotions

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We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more!

PhilStockWorld.com features the most important and most interesting news items from around the web, all day, every day!

News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...



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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!




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