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“The first step to using Apple Pay is to add your credit card to Passbook. You can use the camera on your iPhone 6 to read the cardholder data directly from the card. This is the only step in the process where your PAN is ever used. The PAN is sent over an encrypted connection to the credit card companies and the payment token is received. The actual process of generating and storing tokens is done by either your issuing bank or, for example, Visa offers an ‘on behalf of’ service for banks where they handle the tokenization process. The token is not cryptographically generated, and while certain elements can be set, the number is essentially random, which means it is impossible for a malicious agent to figure out the PAN from the token. The issuers maintain a ‘token vault’ that maps back tokens to their respective PANs, and there can be multiple tokens for a single PAN. Once your iPhone receives the token, it then stores it in the Secure Element. When you go to pay in a store, your iPhone transmits the token to the merchant along with the token cryptogram, which is generated at transaction time by the Secure Element using the token and additional transaction-specific data. The token and this security code are sent through the normal payment networks where the token is finally mapped back to your PAN and your bank (hopefully) authorizes the transaction. The merchant never sees your actual account number, nor even your name. Your private information stays private and secure. Also, note who is not a part of the payment process: Apple. Once you add your card to your phone, the rest of the transaction is between you, the merchant, and your credit card company or bank. Apple never knows where, when, or how much you spend using it. Apple does, however, get a small percentage of the credit card transaction fee each time you use it, perhaps as compensation for reducing fraud. How to reconcile these two facts? It’s simple: The banks keep track of aggregate transactions that come from Apple Pay tokens and then combine Apple’s portion of the fees into periodic lump-sum payments.”
Safe and effective.
Ruairidh Villar, writing for Reuters:
“Mt. Gox CEO Mark Karpeles told Reuters in an email: ‘We should have an official announcement ready soon-ish.”
“Soon-ish.” Doesn’t sound much like “full faith and credit,” now, does it? I’ll keep my greenbacks, thanks.
Inflation may eat away at the value of a dollar, but a dollar will always be accepted as currency. Bitcoin?
Bitcoin is a “virtual currency,” which means ‘something we made up that might be worth something in a week, a month, a year. Or not.’ How dumb is that? And how dumb are people who exchange sovereign currency for it?
Cocktails are like people. The more complex, the more interesting and memorable they are. In the spirit of fine wines, craft beer and well-rested liquors I present the Fanciulli cocktail: a precise blend of fine American rye whiskey, aromatic sweet vermouth and a touch of an otherwise undrinkable, bitter digestif, yielding an enjoyable revision to the classic Manhattan.
Think of the Fanciulli cocktail as the Manhattan James Bond would order if he were a whiskey man. Like the Vesper, Ian Fleming’s twist on the classic gin Martini, the Fanciulli is a more nuanced version of the basic Manhattan.
My first experience of the Fanciulli came at a roadside inn and fine dining restaurant called Buck’s T-4, in the mountains of Montana. Their version went by the monicker “Porter’s Manhattan.” It was the start of a delightful evening of dining and conversation with my wife and two dear friends, each making the other all the more memorable.
I wanted to recreate the cocktail at home. A little online digging, using the ingredients as keywords, yielded a proportioned recipe that served as my starting point. It took more digging to source two of the ingredients, and a little experimentation to refine the recipe to my liking.
Experimentation is at least half the fun here. As with any cocktail, your palate will dictate what’s good and how much drink is enough. Many Manhattan recipes call for a 2:1 ratio of whiskey to vermouth. That produces what is for me a too-sweet cocktail, and given the other Fanciulli ingredients’ flavor contributions we might lose the whiskey altogether. Your mileage may vary in this regard.
As always, measure every ingredient precisely. Your local barman may pour by the count, but you aren’t he. Use a pair of measures, one sized ½-ounce on one side, 1-ounce on the other, the second ¾-ounce and 1½-ounce. These will allow variation in whatever recipe you’re mixing by using “parts,” or “measures.” If your base part is one-ounce, a 3:1 ratio will require three ounces of whiskey. A smaller drink can be had by using a ¾-ounce part, or even a ½-ounce part, which will yield a drink possessing the standard 1½-ounces of liquor. It’s all about proportion.
I have a friend who, when he gets the urge for a Martini, but lacks the time to enjoy a fuller serving, will mix the appropriate proportions in a shot glass topped with a single green olive. The yield is a single mouthful, just enough for appreciation without clouding the next hour with alcohol’s after-effect.
Our cocktail begins with a good American rye whiskey. “Good” doesn’t necessarily imply expensive, and cheap never yields good. Cast your eyes upward when shopping.
Rye is as old as the hills, hills that stretch from Canada down through the American heartland. No slight to our northern friends, but for this spirit you want to buy American. By US law, to be called rye a whiskey must be distilled and aged in the US from a mash bill composed of no less than 51% rye grain, and rested in new, charred American oak barrels. No ex-sherry, ex-port, ex-brandy wood enters the mix. Aging of at least two years yields “straight” rye, and as with many of life’s pleasures, greater maturity produces better results.
No such requirement exists for “Canadian rye.” Your mileage will vary greatly based on the spirit selected, so choose wisely.
The remaining 49% of a rye mash bill may be any combination of barley, wheat, corn or even more rye. The more rye grain in the rye whiskey, the spicier the finished product and the better it will stand up to our remaining ingredients. You want a cocktail that speaks to you, not one that disappears off your tongue.
As with cooking with wine, the best mixology advice I’ve heard is to use what you’d drink “neat.” In this case I’ve chosen Rittenhouse 100-proof rye. This whiskey sits comfortably among the finer bourbons as an enjoyable evening sipper; a few fingers in a tumbler with a wee splash of still water bests most bourbons and Scotches, in my opinion, so if you’re of a mind to sip spirits, this one’s a gem. Today, though, it merely begins the recipe that will yield our Fanciulli. Three parts rye go into a shaker tin.
The next ingredient for any Manhattan-like cocktail is sweet, red vermouth. Like its dry, white cousin, sweet vermouth is a fortified wine product suitable for mixing, but not often taken alone. The pungency of lesser vermouths can be off-putting. Better vermouths may make for an enjoyable summer afternoon sip with soda water over ice, however.
My choice for the Fanciulli is Carpano Antica, a vermouth not only sweet, but pleasingly so, and original to the aperitif style. One part Carpano Antica vermouth adds the right degree of enjoyable sweetness, taking the edge off our whiskey.
Remember, well-made cocktails should never taste like their constituent liquor. Even a gin Martini, properly combined with dry vermouth and shaken for an appropriate duration will bear far less edge than gin alone. And, taken very cold in a comfortable chair on a hot, summer Friday’s shaded porch will definitely take the edge off an otherwise mediocre week.
Our third ingredient is the most difficult, both in its procurement and its use. Beware this one. Listed as a digestif, Fernet-Branca is a bitter concoction of botanicals infused into spirit. Unlike most digestifs I’ve enjoyed, this one is very hard on the palate, opening bitter and finishing with a menthol-like flavor. Just the smallest portion of it added to our shaker tin will give our Manhattan a solid floor on the palate and a pleasingly fresh aftertaste. One-quarter part Fernet-Branca, at most, goes into the tin.
I mentioned a shaker tin, but we’re not going to use it in that capacity. For the Fanciulli we’ll instead employ a bar spoon. Typically long-handled with a decorative set of slots in the bill, and often bearing a twisted square handle shaft to aid rotating it through ice, the bar spoon has no other use beyond blending our ingredients among cubes, the larger the better.
No cracked ice! We want minimum dilution and no cloudiness. These ingredients don’t come cheap, and tasting each component’s contribution is among the pleasures of this cocktail. Twenty-seconds of rapid stirring, until the outside of the tin frosts over with whatever humidity is nearby, is enough.
Let the mixture rest while you prepare a glass to receive our evening’s refreshment.
Some drinks take a lemon twist, others take a bleu cheese-stuffed green olive as garnish. A straight Manhattan takes a Maraschino cherry with its attendant sweetness. As with the Martini’s green olive, it awaits at the bottom of a long-stemmed cocktail glass as a final palate pleaser. We’ll go with a cherry. Leave the stem on to make removing and eating it easier.
Whiskey, straight, best comports itself at room temperature. It’s a quicker trip from that to blood temperature on one’s tongue. In whiskey cocktail mixtures where ice is involved there’s no need to prolong the cold with a chilled glass.
Fruit in glass, we double-strain the tin’s contents to remove all traces of ice. A standard Hawthorne strainer goes on top of the tin, a powdered sugar sifter between that and the glass. Pour out the goodness.
Sit back, sip and enjoy. That’s the Fanciulli cocktail. It’s marginally complicated, mostly in acquiring the ingredients, and it takes a few minutes to put together. The result, though, brings all the spicy goodness of America’s other home-grown liquor, but with less edge, a firm floor for the palate and pleasing aftertaste. And there’s a fat cherry at the bottom as icing on this cake.
Always good to know what the other fellow is thinking. This piece espouses an idea I’ve seen elsewhere, and long agreed-with.
Five-minute read. Worth it, because it’ll make you think about the US-Middle East status quo.
Scott McConnell, writing for The American Conservative:
“I would wager nonetheless that the forces in favor of a rapprochement of Iran with the West will prevail. It is to some extent simply bizarre that the United States—which does, to a very considerable degree, believe in and support democracy and science and progress—finds itself permanently estranged from one of the Islamic countries which is most modern and most democratic. Not to fault Israel and Saudi Arabia, but Iran as well as Turkey should be on friendly terms with the United States.”
New and improved hardware and software from Apple:
- Stats: Apple sold 9 million iPhone 5C and 5S phones over the first weekend of availability in September. Over 200 million devices were running iOS 7 after five days of availability. Over ⅔ of Apple’s mobile devices are now running that upgrade. The iOS App Store has seen over 60 billion downloads.
- New Mac OS X version Mavericks, v10.9, has nearly twice the graphics processing speed of the previous version. It’s written fully 64-bit. OS X Mavericks price: FREE. Single-step upgrade from any previous version going back to Snow Leopard, for Macs going back to 2007 models. Available today.
- iBooks (Kindle store competitor) and Maps come to the OS X desktop. Maps will seamlessly integrate with iOS devices such as iPhone and iPad. Map a route on the desktop, send it to your mobile devices.
- Updated 13-inch MacBook Pro (with Retina display, but naming does not mention that): 3.46 pounds, 0.7 inches thick, runs on the latest Intel Haswell chip with integrated Iris graphics. Up to 9-hours battery life. Faster, PCIe-connected SSD performance (no more internal SATA connection), faster WiFi (802.11AC), faster Thunderbolt 2 connector for external peripherals. Pricing starts at $1299, (dual-core CPU, 4 GB memory, 128 GB SSD). Available today.
- Updated 15-inch MacBook Pro: powered by Intel Crystalwell chip with Iris Pro graphics. Up to 8-hours battery life. Same SSD, WiFi and Thunderbolt 2 as 13-inch MacBook Pro. Pricing starts at $1999 (quad-core CPU, 8 GB memory, 256 GB SSD). Available today.
- New Mac Pro: 4-, 6-, 8- or 12-core CPU, super-fast internal bus. Up to 64 GB memory, user-accessible. Dual-workstation GPUs. Up to 1 TB internal SSD storage. Expansion through Thunderbolt 2 connectors. GPUs will drive up to three 4K displays. Assembled in the US. Price starts at $2999 (12 GB memory, 256 GB SSD, dual high-end video cards). Available before 12/31/2013.
- iLife: Updated versions of iPhoto, iMovie, GarageBand for both Mac and iPad, iPhone. All 64-bit apps for the 64-bit Haswell, Crystalwell chips in Macs as well as the 64-bit A7 chip in iPhone 5S and new iPads. All FREE with the purchase of a new Mac or iOS device. Available today.
- iWork: Pages (word processor), Numbers (spreadsheet), Keynote (presentations) all updated for 64-bit chips and OS platforms, both Mac and iOS. Adds collaboration through iWork for iCloud. All FREE with the purchase of a new Mac or iOS device. Available today.
- Updated iPad: 170 million iPads sold to date. 475,000 iPad apps available. New, 5th-generation iPad is called iPad Air. 9.7-inches diagonal display (same as 4th-generation iPad), thinner bezel. Device is 7.5 mm thick (20% thinner), 1 pound (down from 1.4 pounds), uses the new 64-bit A7 chip with M7 motion coprocessor (same as iPhone 5S). CPU and GPU performance are double 4th-generation iPad. CPU is 8x faster than 1st-generation iPad, GPU performance is 72x 1st-generation iPad. Faster WiFi (MiMo 802.11N, not AC), 5 MP camera, 1080p display, dual microphones, 10-hour battery life. No fingerprint reader. Available in silver/white and space-grey/black. Pricing starts at $499 for 16 GB, WiFi-only model. LTE models are $129 more for same memory capacity. iPad2 remains for sale at reduced $399 starting price. iPad Air ships November 1.
- iPad mini: New, 2nd-generation iPad mini gets a Retina display, A7 chip (4x faster CPU than previous generation, 8x faster GPU). Faster Wifi (MiMo 802.11N, not AC). No fingerprint reader. Comes in silver/white and space-grey/black. Price starts at $399 for 16 GB, WiFi only model. LTE models are $129 more for same memory capacity. Available later in November. First-generation iPad Mini remains at a $100-reduced starting price.
- New covers and cases available for both new iPad Air and iPad mini with Retina display.
Not mentioned: MacBook Pro without Retina display, Apple TV, iWatch, iTV.
Some runs are long, some are short. Some are fast, but most are slower for me these days. Today's 6.1-mile mother, long for my less-conditioned body, almost exacted a double calf strain, but not quite. No, not today. Today I win.
Runners always know what's at the end of the road. Satisfaction in success, disappointment in failure and soul-crushing defeat in having to quit. But always the right to look back up the road and silently say, "I *did* that."
Mike Beasley, writing for 9To5Mac:
“With MCTCP your iOS 7 device will be able to stay connected over both LTE and Wi-Fi at once. If your Wi-Fi connection fails, the LTE connection would continue downloading the data uninterrupted. You would likely never even know the difference”
Great new technology; That's the end of fading Wi-Fi cutting my iPhone's connection to the rest of the world.
Less than two days out of the gate, iOS 7 adoption among Apple device users is close to eclipsing iOS 6.
Mixpanel's graph is updated hourly. Just hit refresh.
Jason Kottke passes along a short, terrific post by Harold Pollack containing the best investing advice money can't buy. It fits on a 4x6 index card, and it's pure gold.
John Gruber, on the forthcoming Apple iPhone 5S:
To put that in context, the iPhone 5S beats my 2008 15-inch MacBook Pro by a small measure in the Sunspider benchmark (with the MacBook Pro running the latest Safari 6.1 beta). The iPhone 5S is, in some measures, computationally superior to the top-of-the-line MacBook Pro from just five years ago. In your fucking pocket.
We are living in the future.
Joe Weisenthal, writing for Business Insider:
”Per California’s latest monthly auto sales report (via Slate’s Will Oremus), the Tesla Model S now commands 12% of the luxury market in the state.”
Click through for a chart of luxury brand models and their California sales proportion.
I've had my eye on the muscular, yet shapely Audi A5, a close cousin to the entry-level A4, neither of which make the list here.
But look at that list. The beauties are all here: BMW 5-series, Merc-Benz E-class, Audi A6, Lexus GS and the spectacular Tesla S.
Shit. Can't afford a single one of them.
If I had my druthers, this next Batman-featuring film would not appear until the Christopher Nolan/Christian Bale Batman trilogy was either no longer available or we’re all dead and buried. Each of those films held its own, and yet the three together formed a beginning, middle and end to the Batman legend, sweeping a long, well-acted and tightly directed narrative. Compare and contrast to all previous Batman films and Nolan’s three immediately rise to be the definitive film story of the Batman.
Yet alas, here we are two years from the MoS sequel that will re-introduce the Dark Knight. We must accept this. All is not lost, though.
Affleck’s recent work bore a subtle quality that might make him interesting as the Batman. His characterization of Tony Mendez, CIA case officer and orchestrator of the successful rescue of US diplomatic personnel from revolutionary Iran in Argo was criticized by some as dry, but in fact depicts the methodical and sometimes unorthodox activity of Americans covertly working throughout the world. James Bond, it ain’t. (See, too, George Clooney’s character Bob Barnes in Syriana.) Quiet, persistent, correct.
The Man of Steel sequel should, in my opinion, feature Batman as he appeared in Frank Miller’s The Dark Knight Returns comic, a decidedly different depiction of the crime fighter than most TV- and movie-Batman fans have ever seen.
Miller’s Bruce Wayne/Batman, a grizzled, older man retired from his secret life, is dragged back into the fight after being confronted by young street thugs in a Gotham gone to hell. During the course of Miller’s four-book series he encounters Superman in a confrontation all its own, one perhaps shocking to generations of TV and movie superhero fans. Super men can and do super-disagree. The results are often catastrophic.
A new movie-Batman should take the character in a new direction. Miller’s character fits the bill; we should hope his books influence the screenplay. Miller is reportedly consulting on this new film, so that may come to pass.
Holy crap. The useful Waze app has reached ubiquity.
I wonder if Google will roll out Waze alerts to Google Maps for the web? Before Apple debuts Apple Maps as a default app in the upcoming OS X version, that is, giving Mac users less reason to use that new app.
Malcolm Byrne reports the news of a sixty-year open secret.
Why is this important? The Iranian people had, for the first time in the 2500 years of Persian history stretching back to the biblical Cyrus the Great, democratically elected Mohammad Mosaddegh prime minister in free and fair elections. One of his first acts was to nationalize Iran's oil fields.
The US CIA and the British MI6 (now SIS) conspired as agents provocateur to reverse the course of history, had Mossadegh deposed and, within a few days, Mohammad Reza Shah Pahlavi, already titular leader of modern Iran, restored foreign oil company control of Iran's oil reserves.
Iranians never forgot that, and in 1979 took their revenge by restoring the exiled Ayatollah Khomeini to prominence in their Islamic Revolution. What followed echoes still.
It's about the oil. It's always about the oil.
Joe Weisenthal, writing for Business Insider:
“Here’s another extraordinary accomplishment by Tesla and its CEO Elon Musk.
The electric car company announced yesterday evening that its famous ‘Model S’ sedan has achieved the best safety rating from the National Highway Traffic Safety Administration (NHTSA) of any car that’s ever been tested in history.”
As my wise spouse points out, though, at an MSRP of $70,000 what good is NHTSA's safest and Consumer Reports' highest-reviewed car if most people can't afford it?
Is there sufficient value here, or are owners simply joining an elite club?
I ran this weekend.
That’s not remarkable but for my giving it up over a year-and-a-half ago, after daytime muscle twitches turned into nighttime spasms. I’d wake from a dead sleep and my nerves were left jazzed enough to keep me up and miserable for hours.
I thought my muscle problems were inflammation related, coming on in earnest at the end of a run-day. So I knocked off running and moved to an elliptical machine, a device marginally less dread-inducing than a stationary bike. It worked well enough for me for a while, but eventually I gave that up, too. Just not the same as a good run. No pull, no want, just work. At least the spasms subsided.
There’s a long story from this point on involving the return of the spasms, x-rays, a chiropractor and then a physical therapist, and finally a neurologist. The end result was a sleep study, a diagnosis of restless leg syndrome, periodic limb movement syndrome and maintenance medication. And they worked. Yard work, a day of room painting, no matter. No spasms. No squirming leg driving me to distraction.
I toyed with a few (very) short runs after the spasms were in check and found to my joy that I could still knock out a couple of miles without trouble. No pain, no sucking wind, no sore muscles the next day. Well, not much.
So this Saturday, with nothing on the schedule for me at our shop, I did what runners do. I awoke thinking, “enough.” I’m either going to do what I want to do for-real or I’m not, today. Right now.
I suited up, stretched, walked up our driveway and ran long and free down the road. 5.7 miles, the longest I’d run in years, on hills and flats, through sun and shade, to the end of a three-mile road alongside our home and back. I broke to a walk only for a steep hill when my calf stabbed pain for a couple of strides, warning me of an impending tear under the load of pushing my body uphill at a run. I walked the incline, enjoyed a bit of water and the view, and was off again.
I remember very little of the run itself. I spent the time without music in my ears, just thinking. Running is meditative for me, not in a single-pointed sort of way but rather in a contemplative manner. Aside from the brief warning issued by my calf I never felt the run. I suffered no ill effects later, or that night, or the next day.
I’ve just returned from a shorter run a couple of days later. It’s as if I never quit the habit that began over a decade ago on a lark, when I was bored with other cardio equipment at our local gym and stepped onto a treadmill. I don’t know why, but running clicked for me. I’ve so missed it these past many months.
I don’t know how long I’ll be able to continue running. A long time, I hope. I see older guys out there, knocking out the miles a little slower than in their youth, and I wonder if I’ll be fortunate enough to join them as I age. For now, though, I can knock out a few miles of my own, slow to a walk at the end and, looking back up the distance covered, think “I did that.”
You are what you do. I’m a runner.
PBS's Frontline documentary “The Retirement Gamble” is a lucid, informative and useful piece of investigative journalism. The 52 minute report provides a clear understanding of how retirement investing can go wrong and what to do about yours. Recommended.
And yes, that 10x - 15x multiplier is correct, if you don't want your funds to run dry.
Gorgeous Morons. *sigh*
Dr. Sanjay Gupta, writing on medical marijuana for CNN:
“We have been terribly and systematically misled for nearly 70 years in the United States, and I apologize for my own role in that.
I hope this article and upcoming documentary will help set the record straight.”
A real, live bat-dog. Really.
What he said …
Good directing, good acting, beautiful cinematography, dumb script. This one has grown on me with a few viewings, particularly in its Shanghai and Macau scenes, but I’m hoping Bond 24 brings a return to simple, tight writing, a la Casino Royale.
Jeff Blagdon, writing for The Verge:
“Canada’s controversial Concealment of Identity Act banning the wearing of masks during riots and ‘unlawful assemblies’ has just gone into law, carrying with it a 10-year maximum sentence, reports CBC News. The private member’s bill was introduced in 2011 by MP Blake Richards in response to the increasing prevalence of vandalism at political protests and sporting events.”
WE ARE GOING DOWN THE WRONG ROAD.
Five minutes of enlightening education.
(via Mother Jones.)
David Simon defends his commentary from last week about Edward Snowden's revelation of the NSA’s telephone metadata program.
We’ve read and heard quite a bit of protest alleging violation of privacy and government overreach in the wake of Snowden’s breach of security. The commentary has been heavy on indignity yet light on alternatives or improvements to the programs in question.
Telephone metadata reveals a picture of personal behavior, and yes, that can be misused by government and law enforcement personnel. Much of what police and the intelligence community are empowered to do can be misused. That in itself is not an argument against them. These programs serve a useful and necessary purpose and exist not in a void, but in the light of Congressional debate and judicial oversight. More light would be better. Curtailing these programs because there exists the potential for misuse would not.
Continual oversight and public awareness of the government’s argument for exercise of these programs are essential to keeping the use of these programs lawful.
As Simon previously has written, those airplanes really did hit those buildings, and people really have been murdered by terrorists vowing to do exactly that and more. We have yet to see evidence that NSA programs have violated Federal laws that were debated, voted upon and enacted, adjudicated and, in 2011, re-debated and renewed.
Apple kicked off their annual WWDC developer conference in San Francisco today. Here's what's new:
- 50 billion apps downloaded from the App Store over five years. 900,000 apps in the store, 375,000 of them for iPad. 93% of these apps are downloaded monthly. 575,000,000 App Store accounts. $10 billion cumulatively paid to developers over five years. If you're smart and authoring mobile applications, you're doing it here.
- OS X, the Mac operating system: the new version is the first without a release number, and is known as OS X Mavericks. Perhaps this solidifies OS X and the OS Apple sticks with the the very long haul. The Finder app will now be tab-based, allowing what used to require multiple windows to be handled within a single instance. Files and folders can be tagged, and tags appear in the left sidebar, allowing same-tagged files from across the file system and iCloud to be grouped together for display and access. Multiple video displays (including HDTVs) work independently, allowing full-screen app display, menu bar and Dock in each. Several under-the-hood technical tweaks improve battery, memory and performance. The Safari web browser sees several memory and performance tweaks. Applications from the App Store are automatically updated in the background. iBooks, an iOS app for book purchase and reading, comes to the Mac. Mavericks will be available this fall.
- Mac hardware: MacBook Air gets "all-day battery life," using the new Intel Haswell CPU. This chip has been touted by Intel for over a year and is finally available now. The 11-inch MacBook Air will have a nine-hour battery life, the 13-inch 12-hours. Updated features include faster flash-based SSD storage and 802.11ac WiFi. The 13-inch model with 256 GB SSD sells for $1299, available today. Other models are less expensive. No mention of Retina display for MacBook Air; Retina will likely define the Pro line of laptops.
- Airport base stations: new 802.11ac Airport Extreme and Airport Time Capsule.
- Mac Pro: yes, an update! We saw just a quick view of the prototype, and plenty of specs. This machine is awesome. Available later this year. Built in the USA.
- iCloud: web-based iWork apps. Create and store docs, spreadsheets and presentations in iCloud using a web browser. Fully functional. Even works on Windows 8 with the Chrome or IE browsers. Available to the public later this year.
- iOS, the iPhone, iPad and iPod Touch operating system: new version, iOS 7. Major update, new user interface. New features: control center, swipe up to control radios, brightness, music, etc.; multitasking is extended to all apps by intelligent update scheduling; updated Safari web browser with new tab interface, access to iCloud keychain, new full-screen mode, more; new Airdrop feature for peer-to-peer sharing from multiple apps; new filters for Camera app; new Photos app for organizing pictures.
- New languages and voices for Siri, very smooth and natural sounding. More Siri-integrated services, such as Twitter, Bing and Wikipedia.
- iOS In the Car: integration of iOS with auto manufacturer models in 2014.
- Re-organization of the App Store including age-appropriate, location sensitive. Auto-updating of iOS apps in the background.
- Re-organized Music app, including all purchased iCloud music. New user interface.
- New Music app feature: iTunes Radio. Streaming music similar to Pandora. Create custom stations. Purchase music heard on iTunes Radio via iTunes Store. iTunes Radio is built into iOS, OS X, Apple TV and iTunes on Windows. Free.
- Phone, Message and FaceTime blocking (finally!).
- Activation lock makes stolen iPhones completely unusable, even if wiped and run from scratch.
- A ton of new API calls for developers.
- iOS 7 will be available later this year, for iPhone 4 and later, iPad 2 and later, iPad Mini and the 5th-gen iPod Touch.
No word on new iPhones, iPads, iMacs or MacBook Pros. Expect new mobile devices in the fall.
“For us, now — years into this war-footing and this legal dynamic — to loudly proclaim our indignation at the maintenance of an essential and comprehensive investigative database while at the same time insisting on a proactive response to the inevitable attempts at terrorism is as childish as it is obtuse. We want cake, we want to eat it, and we want to stay skinny and never puke up a thing. Of course we do.”
Wake up, America. We asked for this way back in 2001.
The date on that law is but a month and a half after the terrorist attacks of 9/11. Were we hasty getting behind that legislation then? Or are we Captain Renault today?
Click through for enlightening data. Looks like Reagan gave us a reason to drink.
So, two things. When our supermarkets are stocking more fine brew than macro crap, we're living in the golden age of craft beer.
Second, does anyone really believe the prohibition "dip?" I'd guess a true data plot would include a dotted line connecting pre-prohibition to post-. But what do I know?
David Bowie and Freddie Mercury's 1981 duet Under Pressure, sans instrumentals.
Sam Mendes, director of the fabulously successful Skyfall, previously said he wouldn’t return for another go at the Bond franchise. Speculation then turned to other well-regarded directors. Now Mendes’ intentions appear to have changed, according to Mike Fleming, Jr., writing for Deadline:
”While Mendes looked doubtful, a bunch of names have been floated in the press, from Ang Lee to Nicolas Winding Refn and Christopher Nolan. I’m not sure there is much validity to any of them, but now it is a moot point, because Mendes will be the director of the next Bond.”
I wasn’t a fan of Mendes’ Skyfall at its debut, but it grew on me with a second viewing.
Much of what I came to like about Skyfall involves its artful cinematography and the patient direction of what is a not-very-thoughtful action story. The room-of-mirrors assassination scene in a Shanghai high-rise somewhat makes up for the less tasteful and thoroughly unnecessary plot turns (haven't we gotten beyond Bond-as-libidinous-spy?), and the early train scene ending in Bond's fall (in two senses) puts down a marker for the questionable villain-willingly-caught-only-to-escape device later in the film. Though not as tightly knit as Casino Royale, it’s as close to introspective as (movie character) Bond gets, and that makes it interesting. Hopefully Skyfall's craftiness will be carried on to the next film.
Perhaps just as interesting as Mendes’ return is the hiring of John Logan to write the next two Bond scripts. Logan previously co-wrote and wrote Gladiator and The Aviator, both detailed character portraits as much as straightforward storytelling. His rumored Bond twist: a two-film story arc.
While Quantum of Solace, the second Bond film to star Daniel Craig, continued the then-unnamed Quantum mythology from Casino Royale, the two films told different stories. A two-film arc sets up the possibility of a cliffhanger ending to the first, itself an unsatisfying plot turn, necessitating seeing both to enjoy a single story. I’d much prefer the former method that tied up the first narrative before a thread of it was pulled into the second.
Regardless, the next two Bond outings are shaping up nicely. There’s an interesting bit of trivia in the Bond 24 IMDB entry about them debuting back-to-back over two years, though. Looks like we’ll be waiting until 2016 for the first. Hard to believe it’ll be that long.
Dr. Drang uses a bit of science to explain why those huge ice cubes won't cool your drink any quicker. They will, however, make your drink look more cool!
Molly Ball, writing for The Atlantic:
“Of all the Democrats’ many problems in the late 1980s, the biggest was denial. Party activists professed that their nominees were losing not because they were too liberal but because they weren’t liberal enough. Or they said that the party simply had to do a better job of turning out its base of low-income and minority voters. Or that Democrats’ majorities in Congress and governors’ mansions proved the party was still doing fine.”
The US Republican Party is headed down the same road.
America is governed best when the tension between left and right is resolved into law by compromise. Compromise cannot be achieved when one party is consumed by extremist viewpoints. As Ball points out, what the GOP needs is a “third-way” group to bring the party back to reality.
Otherwise the GOP risks remaining, in the words of Republican Louisiana governor Bobby Jindal, “the stupid party,” seen as anti-science, anti-immigrant, anti-woman, anti-worker, anti-gay and beholden to monied interests.
Here’s a start: dump the social politics and stick with fiscal and foreign policies, both traditional GOP strengths.
Night tours at a graveyard for Vegas' neon past have opened to the public.
Karen Nyberg, who takes her ride as flight engineer aboard ISS Expedition 36 May 28. Looking forward to more Tweeted photos … follow her at @AstroKarenN.
May 18 marks the one-year anniversary of the Facebook initial public stock offering. Coincidentally I re-watched The Social Network last week, so the company and its mythology have been on my mind the past few days. Facebook’s legend vs. reality form a good example of why investors shouldn’t buy into hyperventilating market analysis.
Facebook’s shares initially sold for $38 and closed the first day of trading at $38.23, a minimal gain. They’ve declined in price since.
Newly public companies and their underwriters try to price shares high enough to garner a tidy pile of money for themselves while leaving room for a modest price jump after the open. In Facebook’s case, the initial price was first set at around $28, but subsequently was adjusted up $10 per share. Greed informed that grab for more of the public's money.
There were significant technical glitches affecting that first morning’s trading, but a year later the effect of those bumps has washed out of the price. Yet today FB is trading at around $26. Nice haircut, huh?
The only people who made money on the IPO were insiders and company founders. The average Joe looking to get in on this century’s Netscape or this decade’s Google, and helped along by countless upbeat news stories, is down by around $12 (31%) per share a year later. The S&P 500, a broad slice of the overall US equity market, his gained over 25% over the same period.
There’s a lesson in there, somewhere.
Josh Brown writes a clear-headed, informative weblog about investing and the economy. I’ve followed his writing for a couple of years and have yet to read anything that didn’t make sense in a basic, easy to digest and humorous way. His is a very good accompaniment to Barry Ritholtz’s The Big Picture.
Spencer Ackerman, writing about today’s X-47B aircraft carrier drone launch for Wired:
“‘The Navy’s model is different from the Air Force’s,’ said Rear Adm. Ted Branch, the commander of Naval Air Forces Atlantic. ‘We don’t have someone actively flying this machine with a stick and a throttle. We fly it with a mouse and a keyboard.’ In military nomenclature, the Air Force has drone pilots; the Navy has drone operators.”
I didn’t know that. There’s no remote pilot controlling the Navy’s UCAV, only a flight plan and a computer algorithm executing that plan, and a fail-safe human watching over it. Let’s hope the human stays in the loop for the kill decision (great book, BTW).
The Navy launched an X-47B drone from the deck of USS George H. W. Bush today, paving the way for pilotless air operations in the coming years:
Who would do this? Geeks. Bond Geeks.
This is so awesome …
As much for the images as the music.
(via @cmdr_hadfield. Awesome!)
What I'll miss about Chris Hadfield's time aboard the International Space Station: the photographs. Here, the Soyuz capsules attached to the ISS (one return vessel for mission 35, one lifeboat) glow blue in dawn light as the station passes Florida.
CMDR Hadfield, the commander of mission 35, returns to Earth tomorrow. I can't think of one astronaut who has done more to bring ISS missions home to us here on Earth. Thanks, Chris!
Nearly twelve years later, the NYC skyline looks more complete.
(via Anne Thompson, NBCNews.)
Josh Brown has the image making the rounds this week.
“The squadron will have eight manned helicopters and a still-to-be-determined number of the Fire Scout MQ-8 B, an unmanned helicopter that can fly 12 continuous hours, tracking targets.”
The new flying technology will be deployed upon the latest naval vessel type, the Littoral Combat Ship.
The Pew Research Center came out with a new study this past week. It finds that in the period 2009-2011 only 7% of Americans saw their net worth increase. The other 93% saw theirs fall. The study goes on:
These wide variances were driven by the fact that the stock and bond market rallied during the 2009 to 2011 period while the housing market remained flat.
Affluent households typically have their assets concentrated in stocks and other financial holdings, while less affluent households typically have their wealth more heavily concentrated in the value of their home.
The study period began in January, 2009, shortly before the stock market’s bottom, yet a couple of years before the housing market finished its decline. What it ultimately measured, then, is what proportion of Americans hold enough invested assets to offset the continuing decline in their home equity.
The study, and commentators, go on to say that this points to an ever-widening divide between wealthier and less-wealthy Americans, as measured by the size of their investment portfolio. And that’s a popular political point to make. What the study doesn’t say, and what commentators fail to question, is why 93% of Americans hold most of their wealth in home equity with relatively little in the way of offsetting invested assets.
Most American’s investments are held in retirement accounts. 401(k)s and IRAs will provide much of their needed retirement income, rather than traditional defined benefit (aka pension) plans. Retirement planning, then, is increasingly a matter of personal responsibility, as fewer employers provide pensions. The burden of creating post-career income falls ever more squarely on the employee’s shoulders.
Setting aside for the moment those who, because of flat real incomes and greater financial burdens, literally cannot afford to build wealth toward retirement, what the Pew study has turned up is that a significant portion of Americans are uninterested or unwilling to make that effort. For an aging population heavily weighted toward Baby Boomers nearing retirement age, and away from younger workers who can be expected to have less income tucked into investments, the study is a bright red flag warning of diminished expectations and postponed retirements.
That’s the glaring (to me) import of the Pew study.
About what I've come to expect the life of a covert operator to be. Worth the short read.
"How crappy are Windows PCs these days? The most reliable, best performing, highly rated laptop for running Windows on is a frickin’ Mac: specifically, a mid-2012 MacBook Pro 13.
As ZDNet’s Ed Bott points out, the laptops that were determined to be most reliable were the ones that ran clean installs of Windows, instead of bloatware-infected OEM installs. And surprise, every Mac running Boot Camp must use a clean install of Windows, making it the king.”
Click through for a graphic ranking the top ten.
Original Equipment Manufacturers (OEMs) have long been the culprit behind unreliable Windows installations. While customers may or may not make use of trial software appearing on new, out-of-the-box machine desktops, OEMs make money just installing it. Trouble is, that software clutters up not only users' workspace, but the Windows registry as well. Add a year or so of use and your Windows machine slows to a crawl.
And that's just the problems stemming from software.
More interesting are the statistics that lead to the idea.
… cracks me up. And he runs an RSS feed for timely notification of each new comic.
“The only thing we can assume is that consumers of news and information will continue to want more as the world continues to become one global village,’ he said. ‘The question is how much will be distributed in print, online and on the air. I don’t know how much will be delivered on newsprint. Some will be delivered by means we can’t even think of yet.”
Bono, writing about Apple industrial designer Jony Ive for the Time 100:
What the competitors don’t seem to understand is you cannot get people this smart to work this hard just for money. Jony is Obi-Wan. His team are Jedi whose nobility depends on the pursuit of greatness over profit, believing the latter will always follow the former, stubbornly passing up near-term good opportunities to pursue great ones in the distance.
Explains a lot, really.
ISS commander Chris Hadfield:
The Earth is ancient and yet new every orbit, every dawn, every season. Sets a good example.
“The ‘halo effect’ — the theory that Apple can get a new customer to buy one Apple product, that customer, if happy with their purchase, is likely to start buying other Apple products — strikes me as only likely to be effective if all those products are consistently priced and marketed. Industry observers break out PCs, tablets, smartphones, and media players into discrete product categories, but Apple, from a consumer branding perspective, does not. Macs, iPads, iPhones, and iPods are all just Apple products, and they’re all priced and designed the same way: seldom the cheapest, but usually the best.
It’s their consistency in that regard across all products that drives the halo effect, turning someone who never bought an Apple product in their life into someone with an iPhone, iPad, and MacBook.”
That described me to a tee. I was a Windows guy for twenty-plus years, building my machines from parts, before getting my first Apple product. It was an iPod Shuffle, for running, a gift from Kelly. It was arguably the least Apply of their product line with no user interface to speak of, but it had Apple's minimalist design going for it. And I could drop it, sweat on it and otherwise abuse it to no end without ill effect. It worked well, and I liked it for that as much as its simplicity.
The Shuffle was eventually followed by an iPod Classic for Kelly. I bought it on Apple's web site, opted for free engraving on the back and 48-hours later it was in her hand. Customized. From China. I was intrigued. Opening the packaging was like opening a jewel box, a special gift. Apple's deft touch didn't end with a shapely music player or its simple clickwheel interface, it extended to the first glimpse the customer had of their effort: the box.
A MacBook Pro for Kelly followed a while later, then iPhone 3GSs for both of us. I liked her laptop so much I cut short the three-year replacement cycle on my Lenovo Thinkpad laptop and bought a MacBook Pro for myself. An iPad for me from Kelly followed, then an iPad for her. A Mac mini replaced an old Windows server for our movie library. iPhone 5s replaced our two-year old 3GSs as their batteries waned. Sprinkled in there were Apple TVs and an Airport Extreme router.
Re-equipping our home took a handful of years, but Apple products slowly spread everywhere.
What's so special about these gadgets? What prods a new customer to his second purchase, third, and onward? They're mainly composed of off-the-shelf, commodity parts, after all, the same components found in many Dell, HP and Lenovo machines.
Their uniqueness is two-fold. First, the software that bridges hardware to user is designed with the general populace in mind, not the geek fringe. It provides a refined, simplified means of operating the equipment. It's comfortable for newbie and power user alike.
Switching from Windows to OS X was easy. Figuring out how to operate an iPhone was fun. Replacing paper books and magazines with an iPad was a one-way trip. I've never looked back.
Second, the industrial hardware design pays attention to the smallest detail. Hinges don't loosen with use leaving the owner with a wiggly laptop display. Keyboards retain consistent key bounce over time. Phones are of a single physical design per product cycle, and each has the feel of a cut gem. The product line's appearance is elegant and consistent.
As a bonus, product packaging is like a Christmas gift in white.
Yes, they generally cost more. And they're worth every last cent.
Kevin Drum for Mother Jones:
”How did this happen even though, as liberals remind us endlessly, 90 percent of the American public supports background checks? Because about 80 percent of those Americans think it sounds like a reasonable idea but don’t really care much. I doubt that one single senator will suffer at the polls in 2014 for voting against Manchin-Toomey.
Gun control proposals poll decently all the time. But the plain truth is that there are only a small number of people who feel really strongly about it, and they mostly live in urban blue districts already. Outside of that, pro-gun control opinion is about an inch deep. This is a classic case where poll literalism leads you completely astray. Without measuring intensity of feeling, that 90 percent number is meaningless.“
That's why Democrats stopped campaigning on the gun control issue last decade: it wasn't winning them anything. In fact, the issue was hurting their chances of election in more conservative districts by repeatedly painting candidates as whiny liberals.
Good idea or not, NRA lobbying or not, I think Kevin put his finger right on the problem for gun control legislation: insufficient numbers care about it enough to contact legislators, elect those candidates who agree, and send home those who don't.
Deficit hawks have been touting a 2010 study by Harvard economists Rogoff and Reinhart as evidence that higher levels of US debt spell certain doom for our economic output, based on historical cases. Now a new study has uncovered possible errors in their methodology. The resulting difference may be as stark as night and day.
Rogoff and Reinhart haven’t yet responded, though no doubt they will. This one will be very interesting to watch.
Bill Iffrig is the older guy you saw knocked to the ground near the finish line at today’s Boston Marathon. He was just a dozen feet from the first blast. I thought we’d hear his story at some point.
He’s 78, and today was his third Boston Marathon. After a pause on the deck he got up and walked across the finish line. His chip time was 4:03:47, delayed somewhat by bomb. Wow.
Story by The Herald of Everett, Washington
Golfers want silence when hitting stationary balls at their feet. Baseball batters, in screaming crowds, hit 90 mph fastballs
Neil is an astrophysicist and director of the Hayden Planetarium in NYC. Follow him at @neiltyson. Because physics isn’t just a good idea. It’s the law.
My co-worker ran a marathon today. Not a ten-miler. Not a Half. Twenty-six-point-two. Five hours, fifty-five minutes of running, of which everything after the first thirty or so minutes was just tolerating the pain. And she finished.
I’d love to feel the elation of running that last mile, crossing the timing mats and stopping.
Some say that by the time you reach the start line the race is half-done. That’s because the training is half the struggle. It becomes a part-time job, adding miles above your comfort zone every other day until you top out at twenty miles. And then you add a ten-K to that on race day.
So hats-off to her. Her sore body will heal in a few days. Then she can say, “I did that.”
Thomas Vonn. Lindsey's ex-. Yes, he went there. AND I LIKE IT.
'cuz maybe Tiger needs a kick in the ass just to keep things in balance. Remember back when he didn't get those kicks? See what happened?
Dr. Drang has been reading my thoughts, or watching me at work, or something. He writes a concise explanation of why I do what I do “off job description” at my day job.
There’s working hard and there’s working smart. I prefer the latter. Sometimes it looks like I’m just doing whatever the hell I please and getting away with it, until my efforts save the observer a week of annoying, drudgery-filled, repetitive work. And then it’s ok. And I always get away with it (with a thank-you, to boot!)
I wrote a straightforward database application a while back that, when executed at our Memphis facility, saved nearly 100,000 individual, manual database edits.
Sometimes an app takes longer to create and test than it would to do the work manually, but then there’s Dr. Drang’s reason number 5. I keep that in mind, along with reason number 2, when I’m trying to descend into code-land.
It’s a short trip. I know I’ve arrived when I can see the logic flow in my head. Absolute silence helps get me there, which is why I often work from home when I code.
It’s nice, now and then, to come across a piece that perfectly captures a cherished mindset. Drang wrote one, today.
For months now, Commander Chris Hadfield has tweeted his daily routine and engrossing photographs from low Earth orbit aboard the International Space Station. Follow him at @Cmdr_Hadfield or search his name on Youtube and enjoy the views, as he returns from commanding the current mission in about a month.
Dave Matthews Band “Bartender” Live from Las Vegas, perhaps my favorite of his white-boy blues.
Brad Reed, writing for Boy Genius Report:
“there are a couple of reasons for this: First, Lenovo has been targeting its sales toward emerging markets such as Brazil and its native China, where demand for new PCs is higher than in the United States, Europe, Japan and Korea. Businessweek also says that Lenovo ‘makes almost one-third of its products in house, which helps it innovate and get those innovations to the market more quickly’”
One reason overlooked here: Lenovo is known for their iconic Thinkpad line of laptops, machines known for build quality and durability. They bought the Thinkpad line from IBM in 2005 and the product's quality has never slipped. When companies and consumers want a top-quality Windows laptop this is what they buy. Take a look around airport departures lounges, what are the business travelers carrying? The majority hold Thinkpads.
Quality isn't flashy, but it leads to success.
What animal can see sixteen primary colors AND possesses speed that, in a human, could throw a baseball into orbit?
Another great comic by The Oatmeal.
John Moltz, about Ron Johnson's ouster as CEO of JC Penney today:
“You don’t turn around a crappy aircraft carrier full of chinos, Christmas sweaters and cheap curtains in two years. I liked what he was trying. It made me consider going into a JC Penney again.”
Me, too, though Kelly, not so much. Johnson used the Apple retail store motif he created years ago as a model for recreating Penney.
Some like the clean, austere look; some don't. Apparently Penney shoppers don't give a rat's ass about design as much as they do weekly specials and SALE-SALE-SALE.
Unfortunately for Penney, Walmart and Target have that retail segment sewn up. Good luck to them.
I hear Apple is still looking for a Senior VP of Retail, after unloading the guy they hired after Johnson left for Penney. Hmm.
This is pretty cool. The remains of two US Navy sailors from the US Civil War are on their way to Arlington National Cemetery after recovery from the final resting place of the ironclad USS Monitor.
This photo was captured at Washington Dulles International airport this morning as the remains were transferred from Delta Airlines to the Navy honor guard.
This story (USAToday) is utterly terrifying.
“How an Internet-trained Apple analyst lost tens of millions of other peoples’ money”
A good, medium-length read about how greed can rob investors of well-earned gains.
Tip to the small-time investor: avoid derivatives like the plague.
Anyone who traded $60 Apple shares for call options only to see the company's shares tank, rather than explode one's investment balance, got what he deserved. Buy long, hold long, sell dear. Don't be dumb.
“The suspect was arrested and charged with handling stolen goods and fraud-related offences, according to the force. But the costumed crime-fighter disappeared into the night without leaving his name.”
The hero we deserve, not the one we need.
Tim Duy has a succinct overview of the US economy in the face of the government's budget sequester: fact-based, metric-quoting and overall positive. Agree.
“The app is secondary — it’s just a container. I’m not going to get a meaningful number of new subscribers because I add a new setting or theme. This is why publishers like Condé Nast can have such mediocre, reader-hostile apps: the apps don’t matter as much as we like to think. The content and the audience matter much more than what color your links are.”
Wired Magazine has one of those reader-hostile apps. Massive, slow downloads of content, app crashes on older, slower iPads and content that cannot be copied or linked-to are the order of the day. Yet I continue to subscribe to the digital edition, and for the same reason I've subscribed to the magazine since issue number one: great articles, delivered monthly.
Terrific fan-created Bond film montage. (via ParisLemon.)
Tesla responds to the NYT:
“After a negative experience several years ago with Top Gear, a popular automotive show, where they pretended that our car ran out of energy and had to be pushed back to the garage, we always carefully data log media drives. While the vast majority of journalists are honest, some believe the facts shouldn’t get in the way of a salacious story.”
The NYT’s John Broder authored a recent piece in which he described his negative experience test-driving a Tesla Model S. He claimed the car was unable to make the distances between Tesla’s own charging stations along the east coast, particularly after a night of winter cold weather.
Turns out Tesla logged a great volume of data from that trip, giving them proof that Broder’s words were inaccurate at best. Click through for their rebuttal, including several annotated charts of the data logged refuting Broder's claims.
I think I see a black eye forming at the NYT.
The father of human-factors engineering, the guy who first interfaced industrial products to humans, has died. Margalit Fox, writing for The NYT:
“Mr. Karlin, associated from 1945 until his retirement in 1977 with Bell Labs, headquartered in Murray Hill, N.J., was widely considered the father of human-factors engineering in American industry.”
Human-factors engineering is the primary reason technology has so thoroughly become a part of global lifestyles. Products now live or die by how well they fit their owner’s hand, rather than by mere usefulness.
John M. Broder, writing for The NYT:
“I drove a state-of-the-art electric vehicle past a lot of gas stations. I wasn’t smiling.”
We're at that point with electric cars where a century ago, when travel in a gasoline-powered automobile was fine within a local area, cross-country driving was still a crap shoot. It's worth considering if you live anywhere but the west coast and really want that $100,000 Tesla sedan.
Or you could move to California.
“It’s been debated for months and months, but on Wednesday the United States Postal Service finally will announce it’s not going to deliver first-class mail on Saturdays anymore.”
We wouldn't be here if we allowed the US Postal Service to charge a market-based rate for their services.
Seriously, does ANYONE believe that 46-cents is a reasonable fee for carrying a letter-sized package anywhere in the US (including far-flung Hawaii and Alaskan ZIP codes)? For comparison, both UPS and Fedex, both well-respected courier services, charge over $9 to carry the smallest "letter" sized package, and they vary their rates by distance.
Wake up, America. We get what we pay for. If we want Saturday delivery, conveniently placed Post Offices and the like, we need to pay for it. 46-cents isn't paying. It's a giveaway.
Credit rating giant Standard & Poor's Ratings Services expects to be the first major credit rating firm hit with civil fraud charges by the government over its rating of mortgage-backed bonds that keyed the national financial meltdown, the company said Monday.
Moody's and Fitch may want to consider external counsel, as well.
Recall that the bond ratings given CDO products during the heyday of no-document mortgages were all the assurance investment banks needed to buy, buy, buy. Taxpayers got the bill.
Xeni Jardin, writing for Boing Boing:
“The two-decade wait is over for fans of My Bloody Valentine: finally, a new album.
‘MBV,’ out today, is their first since 1991’s critically-acclaimed ‘Loveless.’”
I wore out MBV’s last, second album, Loveless during alternative music’s middle age twenty years ago. Kevin Shields’ tracks on the Lost in Translation soundtrack were instantly recognizable ten years later.
Now I have another nine tracks of shoe-gazing aural splendor. Cool.