So it seems that two members of Congress have now been added to “watch lists.” “[Representative John] Lewis contacted the Department of Transportation, the Department of Homeland Security and executives at various airlines in a so-far fruitless effort to get his name off the list, said spokeswoman Brenda Jones.” It seems that this sort of…Read More Secret Laws Work So Well
In 1977, the government certified the Data Encryption Standard (DES), with a planned lifetime of 15 years. It has now been in use for nearly 30, and no longer offers even decent security. Over 6 years ago, the EFF built Deep Crack a supercomputer for breaking DES, which cracked keys in under a day. NIST…Read More Time for DES to go?
According to David Garrity, a technology analyst in New York with Caris & Co.: It was supposed to democratize the process and let people buy in at just a few shares, but it was a miserable failure because the organizers didn’t realize the securities regulations that require people who bid to have a certain net…Read More Why did Google pop? (II)
So Google popped 18% today. That shouldn’t have happened. The goal of their much-discussed auction was to ensure that they made money. The typical bubble IPO involved a “pop” of as much as 100-300% on opening day. This put huge sums in the hands of bankers and the bankers friends, sometimes illegally. Ideally, Google’s trading…Read More Why did Google pop?