Category Archives: Industry Jobs Oil Economics

Obama: Naysayers on Economy, Peddling Fiction

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The market is spiraling. China who is the second largest U.S. debt holder has an economy that is spiraling oil prices are spiraling and what about WalMart?

Walmart to shutter 269 stores – including more than half in US

Guardian: The retail giant announced it is working to transfer 10,000 US employees to nearby stores, as CEO said closings are ‘necessary to keep the company strong’

Walmart is closing 269 stores, more than half of them in the US and another big chunk in its challenging Brazilian market. The stores being shuttered account for a fraction of the company’s 11,000 stores worldwide and less than 1% of its global revenue, but according to workers’ group Making Change at Walmart, this announcement will affect 10,000 US employees.

More than 95% of the stores set to be closed in the US are within 10 miles of another Walmart. The Bentonville, Arkansas, company said it is working to ensure that workers are placed in nearby locations.

The store closures will start at the end of the month, and many closures will be of the company’s Walmart Express stores: all 102 of them (out of the 154 locations to be shuttered in the US).

In 2011, Walmart Express marked the retailer’s first entry into the convenience store arena. The stores are about 12,000 square feet and sell essentials like toothpaste. But the concept never caught on as the stores served the same purpose as Walmart’s larger Neighborhood Markets: fill-in trips and prescription pickups.

By: Greg Campbell

During his final State of the Union Address on Tuesday, amidst his unseemly campaign politicking in a year where he is ineligible for reelection, President Obama sniped at Republicans and touted supposed economic successes that have occurred under his stewardship.

He even insisted that anyone “claiming that America’s economy is in decline is peddling fiction.”

To hear Obama speak of supposed economic success is hardly surprising; the president has long kept his own counsel and obliged himself his own conjured facts and false realities.

His administration has touted “bringing peace to Syria” as an accomplishment. As Obamacare takes effect like Cancer metastasizing in a body, he continues to assert that Americans love it and that it is working. He insisted just last week that he held the constitutional authority to undermine the Second Amendment without Congress.

So, it is of little surprise to discover that this same delusional man asserted that it is those who warn of Obama’s economy that are “peddling fiction.”

The fact is that by simple and complex metrics alike, it’s easy to see the devastating toll his “leadership” has taken on our nation’s financial health.

It turns out that not only is Obama being less-than-honest, but he’s outright lying. Obama’s economy can boast of the worst economic numbers in over 80 years!

The Wall Street Journal reports:

The economic expansion—already the worst on record since World War II—is weaker than previously thought, according to newly revised data.

From 2012 through 2014, the economy grew at an all-too-familiar rate of 2% annually, according to three years of revised figures the Commerce Department released Thursday. That’s a 0.3 percentage point downgrade from prior estimates.

The revisions were released concurrently with the government’s first estimate of second-quarter output.

Since the recession ended in June 2009, the economy has advanced at a 2.2% annual pace through the end of last year. That’s more than a half-percentage point worse than the next-weakest expansion of the past 70 years, the one from 2001 through 2007. While there have been highs and lows in individual quarters, overall the economy has failed to break out of its roughly 2% pattern for six years.

Obama, admittedly, came to office at a time when America was in trouble. Applying for the job of president, he promised to help revitalize the economy. What came from him and his Democratic minions in Congress was a punishing program of job-killing economic burdens on job creators and an expansion of government increased government dependency and that squeezed more and more out of the middle class and the lower class.

The Daily Caller reports on Obama’s failures:

Over the first five years of Obama’s presidency, the U.S. economy grew more slowly than during any five-year period since just after the end of World War II, averaging less than 1.3 percent per year. If we leave out the sharp recession of 1945-46 following World War II, Obama looks even worse, ranking dead last among all presidents since 1932. No other president since the Great Depression has presided over such a steadily poor rate of economic growth during his first five years in office. This slow growth should not be a surprise in light of the policies this administration has pursued.

An economy usually grows rapidly in the years immediately following a recession. As Peter Ferrera points out in Forbes, the U.S. economy has not even reached its long run average rate of growth of 3.3 percent; the highest annual growth rate since Obama took office was 2.8 percent. Total growth in real GDP over the 19 quarters of economic recovery since the second quarter of 2009 has been 10.2 percent. Growth over the same length of time during previous post-World War II recoveries has ranged from 15.1 percent during George W. Bush’s presidency to 30 percent during the recovery that began when John F. Kennedy was elected.

Facts and figures are to Obama like BBs to a tank; they just simply bounce-off without having any real effect.

When he and his fellow Democrats encounter facts that do not jibe with their preferred narratives, they simply deny reality in favor of crafting a new one to spoon-feed to the lapdog media and the government-dependent and government-created invalids who are willing to believe his lies without any semblance of critical thought.

In truth, it takes no economic genius to understand our situation. It requires just some honest observation.

Are jobs more plentiful than they were before?

Is it easier to obtain the American dream now than before?

Is $18 trillion+ in national debt a good indicator of economic stability?

Ukraine Cyber Attack on Power Grid, U.S. Warning

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Ex-spy chief: Ukrainian cyberattack a warning sign for US utilities

Retired Gen. Michael Hayden, the former director of the National Security Agency and the CIA, says the US faces ‘darkening skies’ after malware linked power outages in Ukraine.

MIAMI — Former National Security Agency chief Gen. Michael Hayden warned that a recent malware attack on the Ukrainian power grid is yet another troubling sign that the US electric supply is vulnerable to hackers.

The Dec. 23 attack on utilities serving the Ivano-Frankivsk region of Ukraine appears to be the second confirmed incident of a computer-based attack to damage physical infrastructure. The attack led to blackouts throughout the region for several hours before power was restored. The Stuxnet worm that targeted the Iranian nuclear program is the only other such incident.

What happened in Ukraine is a harbinger for the kinds of cyberthreats the US faces, possibly from rival nations such as Russia and North Korea, the retired Air Force general told a crowd of critical infrastructure experts at the S4x16 security conference in Miami. General Hayden served as director of the NSA from 1999 to 2005 and served as CIA chief from 2006 to 2009.

“There a darkening sky,” he told reporters after his speech Tuesday, referring to the increasing threat of malware infections leading to physical damages. “This is another data point on an arc that we’ve long predicted,” he said, acknowledging that the Ukraine attack reinforces concerns in official circles about security of the American power grid. What’s more, he said, if early analysis of malware discovered at the Ukrainian facility that links it to Russia is accurate, the incident foreshadows a troubling uptick in the conflict between Ukraine and Russia over the disputed Crimea region.

The Department of Homeland Security has acknowledged that a version of the BlackEnergy program linked to the Ukraine attack has been discovered in US facilities. Hayden said that the link was troubling. “If they have a presence on the grid [with BlackEnergy] then they have already achieved what they need to carry out a destructive attack.”
Analysis of the malware recovered from the Ukrainian facility conducted by the security firm iSight Partners and SANS Institute revealed that a variant of BlackEnergy, dubbed “BlackEnergy3,” was present in the compromised utilities. However, security experts caution that it is premature to conclude that BlackEnergy was actually involved in the outages.

“It is possible but far too early in the technical analysis to state that,” wrote Michael Assante, who heads up industrial control system research for SANS. “Simply put, there is still evidence that has yet to be uncovered that may refute the minutia of the specific components of the malware portion of the attack.”

Hayden also remarked during his talk Friday on the general state of overall cybersecurity, calling on US lawmakers to pass legislation that will help bolster the nation’s digital defenses.

He also criticized of efforts by FBI Director James Comey, and others in the Obama administration, to weaken strong encryption on consumer devices to make it easier for law enforcement to conduct surveillance operations. “End-to-end encryption is good for America,” he said. “I know that it represents challenges for the FBI, but on balance it creates more security for Americans than the alternative – backdoors.”

Regarding the recent Office of Personnel Management hack – which US intelligence agencies and cybersecurity expert have blamed on China – Hayden said that as head of the NSA he would have absolutely stolen similar data from the Chinese government if given the opportunity. What’s more, he said, he wouldn’t have had to ask permission to carry out the operation.

“Fundamentally, the limiting factor now is a lack of legal and policy framework to do what we are capable of doing today,” Hayden said. “OPM isn’t a bad on China,” he said. “It’s a bad on us.”

What is vulnerable in the United States?

Project ‘Gridstrike’ Finds Substations To Hit For A US Power Grid Blackout

Turns out free and publicly available information can be used to determine the most critical electric substations in the US, which if attacked, could result in a nationwide blackout.

Remember that million-dollar Federal Energy Regulatory Commission (FERC) study in 2013 that found that attacks on just nine electric substations in the US could cause a blackout across the entire grid? Well, a group of researchers decided to see just what it would take for a small group of domestic terrorists to identify the US’s most critical substations — using only free and public sources of information.

While FERC relied on confidential and private information in its shocking report and spent a whopping $1 million in research, researchers at iSIGHT Partners used only so-called open-source intelligence, at a cost of just $15,000 total for 250 man-hours by their estimates. The Wall Street Journal, which obtained and first reported on the confidential FERC report, never publicly revealed the crucial substations ID’ed by FERC for obvious reasons, nor does iSIGHT plan to disclose publicly the ones it found.

Sean McBride, lead analyst for critical infrastructure at iSIGHT, says the goal of his team’s so-called “Gridstrike” project was to determine how a small local-grown terror group could sniff out the key substations to target if it were looking to cause a power blackout — either via physical means, a cyberattack, or a combination of the two. “How would an adversary go about striking at the grid?” McBride said in an interview with Dark Reading. He will speak publicly for the first time about the Gridstrike research next week at the S4x2016 ICS/SCADA conference in Miami.

The iSIGHT researchers drew from a combination of publicly available transmission substation information, maps, Google Earth, and grid congestion documentation, and drew correlations among the substations that serve the top ten cities in the US. They then were able to come up with 15 substations that serve as the backbone for much of the electric grid: knocking out those substations would result in a nationwide blackout, they say.

FERC’s report had concluded that the US could suffer a nationwide blackout if nine of the nation’s 55,000 electric transmission substations were shut down by attackers.

“We looked at maps and tried to … identify [power] generation facilities, and looked up both centers and what substations are in the middle that would make high-value targets,” for example, McBride says. “We tried to identify which substations have the highest number of transmission lines coming in and out,” as well, and weighed their significance.

The researchers shared the findings from Gridstrike with their customers as well as “organizations most interested from a defense perspective” to such attacks, says McBride, who declined to provide any further details on the specific organizations.

“We were extremely concerned about the amount of publicly available information” on the critical substations, McBride says. There were several documents available publicly that should not have been: in some cases, a sensitive document was sitting on an organization’s public website even though it specified that the report was not for public consumption.

The hope is that the findings will alert critical infrastructure and other organizations with ties to the power grid that understanding how an adversary thinks can help shore up defenses, McBride says. “They need to manage their recon exposure.”

What does all of this mean for the US power grid’s actual vulnerability to a physical or cyber-physical attack? McBride says the openly available intel is “reason for concern.” He says he worries more about the possibility of a regional, localized, grid attack targeting a city or area, than a nationwide attack.

As for the recent power blackout in the Ukraine that appears to have been due in part to a cyberattack, McBride says he’d be surprised if the attackers didn’t gather some of their reconnaissance via open source intelligence.

 

RapeFugee Operation Coordinated on Social Media

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It is a game and it has a name: ‘Taharrush gamea’

German Justice Minister: Cologne attacks planned in advance

Minister of Justice Heiko Maas has said he believes the sexual assaults in Cologne were ‘coordinated and prepared’ ahead of time. He also accused xenophobic groups of using the crimes to stir up hatred.

DW: Germany’s Justice Minister Heiko Maas was the latest high-profile politician to speak out about the string of sexual assaults in Cologne on Sunday. In an interview with the popular “Bild am Sonntag” newspaper, Maas voiced his suspicions that the crimes which have the whole country reeling were not the result of an opportunistic mob mentality but a thought-out, planned attack on the city’s women.

“No one can tell me that it wasn’t coordinated and prepared,” the minister said. “My suspicion is that this specific date was picked, and a certain number of people expected. This would again add another dimension [to the crimes].”

The newspaper provided details from official police reports citing the use of social networks by some north African migrant communities to encourage their fellows to join them in the square between the Cologne train station and the cathedral, where the now hundreds of incidents of molestation and pick-pocketing took place.

Maas was careful to echo his colleagues, however, when it came to warning the public against placing blame on the country’s immigrants, saying “to assume from somebody’s origin whether or not they are delinquent is quite reckless.” The minister added that it is “complete nonsense” to take these crimes as evidence that foreigners cannot be integrated into German society.

Maas lashes out at PEGIDA, AfD

In the interview, Maas also accused the far-right populists of the Alternative for Germany (AfD) party, along with the organizers of the xenophobic PEGIDA marches, of using Cologne for propaganda purposes.

“There is the only way they can explain how shamelessly they operate their sweeping campaign against foreigners,” Maas said, referring to Saturday’s PEGIDA demonstration at the Cologne train station, which was itself met with a flashmob of counter-protesters condemning racism and sexism.

All that being said, Maas added that “cultural background justifies or excuses nothing. There is no acceptable explanation [for the assaults]. For us, men and women have equal rights in all matters. Everyone who lives here must accept that.”

In the coming days, Maas’ Social Democrats (SPD) are expected to join coalition partners, Chancellor Angela Merkel’s (CDU) in presenting new laws to the Bundestag that would expedite the deportation of asylum seekers and migrants who commit crimes . The administration has received a hefty amount of criticism for ill-preparedness when dealing with the open-door policy it has adopted towards Europe’s migrant crisis.

Istanbul Suicide Bomber Entered Country as Syrian Refugee, Officials Say

Bomber identified as Nabil Fadli was fingerprinted, but information didn’t set off security alerts

WSJ: ISTANBUL—The Islamic State suicide bomber who killed 10 German tourists in the heart of Istanbul entered the country as a Syrian refugee without setting off security alerts, Turkish officials said Wednesday, highlighting concerns that extremists are using the migrant crisis to move around and carry out terrorist attacks.

Just to our North, comes 10,000 Syrian refugees in Canada.

Canada welcomes 10,000th Syrian refugee

Ottawa (AFP) – Canada has welcomed its 10,000th Syrian refugee, the government announced Wednesday, although almost two weeks behind schedule and far fewer than it had originally planned to resettle by now.

A planeload landed in Toronto late Tuesday, putting the number of arrivals of asylum seekers at 10,121 since November when Prime Minister Justin Trudeau’s Liberals took office.

In a statement, Immigration Minister John McCallum called it a “significant milestone” on the way to meeting the Liberal’s overall pledge to take in 25,000 Syrians.

“Many people have worked day and night to bring these refugees to Canada,” he said, “and Canadians have opened their communities and their hearts to welcome them.

“Canada continues to set an international example with its response to the worst refugee crisis of our time.”

Trudeau had promised during an election campaign last year to resettle 25,000 Syrian refugees by December 31.

But after assuming power the target date was pushed to the end of February, following criticism that the government was moving too fast amid security concerns in the aftermath of deadly attacks in Paris, as well as due to logistical issues.

A new interim target of taking in 10,000 by December 31 was set, but only 6,000 Syrians travelling from camps in Jordan, Lebanon, and Turkey made it onto Canadian soil by year’s end.

The UN refugee agency estimates that more than four million Syrians have fled the civil war ravaging their country. The Britain-based Syrian Observatory for Human Rights puts the total number of dead at more than 260,000 people.

 

Secret Companies with Secret Objectives Near You

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Is the nation’s largest online retailer part of a spy network? Have you given thought to the countless databases, harvesting data, human behavior, and all the interactions you have through the internet? Is Amazon now part of a larger incubation center for the federal government? You decide.

 Amazon network

Why Amazon’s Data Centers Are Hidden in US Spy Country

DefenseOne: Of all the places where Amazon operates data centers, northern Virginia is one of the most significant, in part because it’s where AWS first set up shop in 2006. It seemed appropriate that this vision quest to see The Cloud across America which began at the ostensible birthplace of the Internet should end at the place that’s often to blame when large parts of the U.S. Internet dies.

Northern Virginia is a pretty convenient place to start a cloud-services business: for reasons we’ll get into later, it’s a central region for Internet backbone. For the notoriously economical and utilitarian Amazon, this meant that it could quickly set up shop with minimal overhead in the area, leasing or buying older data centers rather than building new ones from scratch.

The ease with which AWS was able to get off the ground by leasing colocation space in northern Virginia in 2006 is the same reason that US-East is the most fragile molecule of the AWS cloud: it’s old, and it’s running on old equipment in old buildings.

Or, that’s what one might conclude from spending a day driving around looking for and at these data centers. When I contacted AWS to ask specific questions about the data-center region, how they ended up there, and the process of deciding between building data centers from scratch versus leasing existing ones, they declined to comment.

The fact that northern Virginia is home to major intelligence operations and to major nodes of network infrastructure isn’t exactly a sign of government conspiracy so much as a confluence of histories (best documented by Paul Ceruzzi in his criminally under-read history Internet Alley: High Technology In Tysons Corner, 1945-2005). To explain why a region surrounded mostly by farmland and a scattering of American Civil War monuments is a central point of Internet infrastructure, we have to go back to where a lot of significant moments in Internet history take place: the Cold War.

Postwar suburbanization and the expansion of transportation networks are occasionally overlooked, but weirdly crucial facets of the military-industrial complex. While suburbs were largely marketed to the public via barely concealed racism and the appeal of manicured “natural” landscapes, suburban sprawl’s dispersal of populations also meant increased likelihood of survival in the case of nuclear attack. Highways both facilitated suburbs and supported the movement of ground troops across the continental United States, should they need to defend it (lest we forget that the legislation that funded much of the U.S. highway system was called the National Interstate and Defense Highways Act of 1956).

Unlike Google and Facebook, AWS doesn’t aggressively brand or call attention to their data centers. They absolutely don’t give tours, and their website offers only rough approximations of the locations of their data centers, which are divided into “regions.” Within a region lies at minimum two “availability zones” and within the availability zones there are a handful of data centers.

I knew I wasn’t going to be able to find the entirety of AWS’ northern Virginia footprint, but I could probably find bits and pieces of it. My itinerary was a slightly haphazard one, based on looking for anything tied to Vadata, Inc., Amazon’s subsidiary company for all things data-center-oriented.

Facebook data-center

Google’s web crawlers don’t particularly care about AWS’ preference of staying below the radar, and searching for Vadata, Inc. sometimes pulls up addresses that probably first appeared on some deeply buried municipal paperwork and were added to Google Maps by a robot. It’s also not too hard to go straight to those original municipal documents with addresses and other cool information, like fines from utility companies and documentation of tax arrangements made specifically for AWS. (Pro tip for the rookie data-center mapper: if you’re looking for the data centers of other major companies, Foursquare check-ins are also a surprisingly rich resource). My weird hack research methods returned a handful of Vadata addresses scattered throughout the area: Ashburn, Sterling, Haymarket, Manassas, Chantilly. Much more of the report is here.

 Amazon’s Cloud center

CNBC: Palantir is notorious for its secrecy, and for good reason. Its software allows customers to make sense of massive amounts of sensitive data to enable fraud detection, data security, rapid health care delivery and catastrophe response.

Government agencies are big buyers of the technology. The FBI, CIA, Department of Defense and IRS have all been customers. Between 30 and 50 percent of Palantir’s business is tied to the public sector, according to people familiar with its finances. In-Q-Tel, the CIA’s venture arm, was an early investor.

Annual revenue topped $1.5 billion in 2015, sources say, meaning Palantir is bigger than top publicly traded cloud software companies like Workday and ServiceNow. It has about 1,800 employees and is growing headcount 30 percent annually, said the sources, who asked not to be named because the numbers are private.

Palantir serves up free meals for employees at 542 High Street, home to its cafeteria. A red sign reading “Private Company Meal” is attached to the window, and a neon blue sign on the inside says “Hobbit House.”

Other perks, according to people with knowledge of the company’s policies, include subsidized housing for employees who live in the neighborhood and help with monthly commuter Caltrain passes for those traveling down from San Francisco or up from San Jose. Employees who drive in get complimentary parking permits.

“They’re making a commitment here,” said Cannon.

“The idea is that it’s physically locked down and there’s no way you can take information out.” -Avivah Litan, Gartner analyst

For Palantir to stay, it has no choice but to spread out. Only one building in downtown Palo Alto even tops 100,000 square feet, and last year city officials limited total annual development in the commercial districts to 50,000 square feet.

There’s another benefit to having a disparate campus. In doing highly classified work for government agencies, some contracts require the use of particular types of units called Sensitive Compartmented Information Facilities, or SCIFs.

Avivah Litan, a cybersecurity analyst with Gartner, says qualities of a SCIF building include advanced biometrics for security, walls that are impenetrable by radio waves and heavily protected storage of both physical items and digital data.

“They have to make the walls so that no signals can be transmitted out of those walls,” said Litan, who is based in Washington, D.C. “The idea is that it’s physically locked down and there’s no way you can take information out.”

Having entirely separate facilities makes it easier to clear that hurdle, but even so, the vast majority of Palantir’s offices aren’t SCIFs. Read the full summary here.

FBI Expanding Clinton Investigation to Public Corruption

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There are 150 FBI agents assigned to work the Clinton public corruption scandal of which the Clinton Foundation is at the core.

FBI’s Clinton probe expands to public corruption track

EXCLUSIVE: The FBI investigation into Hillary Clinton’s use of private email as secretary of state has expanded to look at whether the possible “intersection” of Clinton Foundation work and State Department business may have violated public corruption laws, three intelligence sources not authorized to speak on the record told Fox News.

This new investigative track is in addition to the focus on classified material found on Clinton’s personal server.

“The agents are investigating the possible intersection of Clinton Foundation donations, the dispensation of State Department contracts and whether regular processes were followed,” one source said.

The development follows press reports over the past year about the potential overlap of State Department and Clinton Foundation work, and questions over whether donors benefited from their contacts inside the administration.

The Clinton Foundation is a public charity, known as a 501(c)(3). It had grants and contributions in excess of $144 million in 2013, the most current available data.

Inside the FBI, pressure is growing to pursue the case.

One intelligence source told Fox News that FBI agents would be “screaming” if a prosecution is not pursued because “many previous public corruption cases have been made and successfully prosecuted with much less evidence than what is emerging in this investigation.”

The FBI is particularly on edge in the wake of how the case of former CIA Director David Petraeus was handled.

One of the three sources said some FBI agents felt Petraeus was given a slap on the wrist for sharing highly classified information with his mistress and biographer Paula Broadwell, as well as lying to FBI agents about his actions. Petraeus pleaded guilty to a misdemeanor in March 2015 after a two-plus-year federal investigation in which Attorney General Eric Holder initially declined to prosecute.

In the Petraeus case, the exposure of classified information was assessed to be limited.

By contrast, in the Clinton case, the number of classified emails has risen to at least 1,340. A 2015 appeal by the State Department to challenge the “Top Secret” classification of at least two emails failed and, as Fox News first reported, is now considered a settled matter.

It is unclear which of the two lines of inquiry was opened first by the FBI and whether they eventually will be combined and presented before a special grand jury. One intelligence source said the public corruption angle dates back to at least April 2015.  On their official website, the FBI lists “public corruption as the FBI’s top criminal priority.”

Fox News is told that about 100 special agents assigned to the investigations also were asked to sign non-disclosure agreements, with as many as 50 additional agents on “temporary duty assignment,” or TDY. The request to sign a new NDA could reflect that agents are handling the highly classified material in the emails, or serve as a reminder not to leak about the case, or both.

“The pressure on the lead agents is brutal,” a second source said. “Think of it like a military operation, you might need tanks called in along with infantry.”

Separately, a former high-ranking State Department official emphasized to Fox News that Clinton’s deliberate non-use of her government email address may be increasingly “significant.”

“It is virtually automatic when one comes on board at the State Department to be assigned an email address,” the source said.

“It would have taken an affirmative act not to have one assigned … and it would also mean it was all planned out before she took office. This certainly raises questions about the so-called legal advice she claimed to have received from inside the State Department that what she was doing was proper.”

On Sunday,  when asked about her email practices while secretary of state, Clinton insisted to CBS News’ “Face The Nation,” “there is no there, there.”