Bonum Certa Men Certa

Links 26/7/2010: CEO Tony Hayward Leaves BP, Banks Controversy Carries on, Wikipedia Stars in Massive Leak



Leftovers



  • Security/Aggression

    • Reliable Encryption for the Rest of Us
      Many encryption utilities--such as the BitLocker feature in Windows 7 Ultimate, or the Rohos Mini Drive utility for protecting info on a thumb drive--are available. But my favorite tool covers all the bases: It's free, it's easy, it's effective, and it works on all major operating systems. TrueCrypt lets you create virtual encrypted drives. Versions are available for Windows, Mac OS X, and Linux; if you install it on several machines running different OSs, you can open your encrypted files from a network share, thumb drive, or other shared storage device.


    • Afghanistan war logs: Massive leak of secret files exposes truth of occupation
      A huge cache of secret US military files today provides a devastating portrait of the failing war in Afghanistan, revealing how coalition forces have killed hundreds of civilians in unreported incidents, Taliban attacks have soared and Nato commanders fear neighbouring Pakistan and Iran are fuelling the insurgency.






  • Environment

    • BP Acquits Itself of Sole Blame for Gulf Spill after Internal Inquiry
      BP has said that it is not the only oil Company responsible for oil spill in the Gulf of Mexico. The Company is firm on the view that the claims of its negligence in the oil spill are baseless.


    • Tony Hayward to quit BP
      Tony Hayward, chief executive of BP, is to leave the company, bowing to pressure over his handling of the Deepwater Horizon oil rig explosion, the aftermath of which has become America's worst environmental disaster.




  • Finance

    • Wall Street Exhales After Sidestepping Pay Czar's Wrath
      Wall Street took the latest government report on its pay practices in stride Friday, saying it would review U.S. pay czar Kenneth R. Feinberg's suggestions about compensation while privately expressing relief that the report wasn't tougher on them.


    • Citigroup, JPMorgan Said to Have Sold AIG Protection to Goldman
      Citigroup Inc. and JPMorgan Chase & Co. are among the banks that sold Goldman Sachs Group Inc. protection against a failure of insurer American International Group Inc., said two people with knowledge of the transactions.


    • Feinberg Says Companies Should Adjust Pay Policies for 'Crisis'
      Kenneth Feinberg, the Obama administration's special master on executive compensation, called on 17 bailed-out financial firms including Goldman Sachs Group Inc. and Citigroup Inc. to adopt compensation policies that allow directors to lower top executives' pay when a firm's survival is under threat.


    • Levitt Sees No Link Between SEC-Goldman Suit, Bank Bill: Video


    • Issa Questions Timing of SEC's Goldman Suit, Settlement: Video


    • Goldman Hands Over A.I.G. Hedge List, Report Says
      Goldman Sachs told United States investigators which counterparties it used to hedge the risk that American International Group would fail, three people with knowledge of the matter told Bloomberg News.


    • Top 5 White Collar Crimes: Goldman Sachs Settles Largest Fraud Case In US History For $550 Million


    • Weighing the Trade-Offs in the Goldman Settlement


    • Inquiry Begun of S.E.C. Timing in Goldman Fraud Case
      The inspector general of the Securities and Exchange Commission is investigating whether political or other factors influenced the timing of the filing and subsequent settlement of the commission’s securities fraud case against Goldman Sachs, according to letters between his office and a Republican congressman.

      [...]

      H. David Kotz, the S.E.C. inspector general, who is an independent watchdog for the agency, began the inquiry in response to an April 23 letter from Mr. Issa, a California Republican who is the ranking minority member of the Committee on Oversight and Government Reform.

      The S.E.C. has denied that its timing was influenced by politics.


    • Did Goldman Sachs provoke a world hunger crisis?
      A nonprofit accuses the bank's traders of starving people by dramatically bidding up prices for wheat, corn and rice. Is that fair?


    • Documents Detail $4.3B in Goldman Sachs Payouts
      International banks and financial companies were indirect beneficiaries of the government's 2008 bailout of American International Group Inc., according to newly released documents.


    • Pay czar faults 17 companies over compensation
      The government's pay czar announced Friday that 17 companies benefiting from federal bailout money handed out $1.6 billion in excess executive pay at the height of the financial crisis. The firms include Citigroup, Goldman Sachs and Bank of America.

      Kenneth Feinberg, who was appointed as the Obama administration's special master for compensation, examined executives earning more than $500,000 at the 419 companies that received taxpayer assistance. Of the 17 companies that he found were egregious in their compensation, 11 have paid back the assistance received from taxpayers.


    • Goldman Sachs to Get Ken Burns Effect
      Goldman Sachs (GS) has contracted documentary film maker Ric Burns, co-producer of the Emmy-award winning 1990 documentary, The Civil War, to make an “industrial,” a movie about Goldman for internal consumption only, according to The Wall Street Journal’s Susanne Craig, citing a Goldman rep.


    • Goldman, the Movie. By Goldman
      That isn't a real movie title. But filmmaker Ric Burns, who created the PBS series "The Civil War" with his brother Ken, is shooting a documentary about the Wall Street firm. Goldman Sachs Group Inc. is paying for the film, has editorial control and is overseeing the project through its marketing department, a Goldman spokesman said.


    • Goldman Sachs Sues to Overturn Arbitration Award
      The creditors claimed the unit facilitated the fraud committed at Stamford, Connecticut-based Bayou, which filed for bankruptcy protection in May 2006. Bayou co-founder Samuel Israel pleaded guilty to directing a $400 million fraud and is serving 22 years in prison.






  • Censorship/Privacy/Civil Rights







Recent Techrights' Posts

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Ex-Red Hat CEO Paul Cormier Did Not Retire, He Just Left IBM/Red Hat a Month Ago (Ahead of Layoff Speculations)
Rather than retire he took a similar position at another company
Linux.com Made Its First 'Article' in Over and Month, It Was 10 Words in Total, and It's Not About Linux
play some 'webapp' and maybe get some digital 'certificate' for a meme like 'clown computing'
The FSF Ought to Protest Against UEFI 'Secure Boot' (Like It Used To)
libreplanet-discuss stuff
GNU/Linux Reaches 6.5% in Canada (Including ChromeOS), Based on statCounter
Not many news sites are left to cover this, let alone advocate for GNU/Linux
 
Journalists and Human Rights Groups Back Julian Assange Ahead of Monday's Likely Very Final Decision
From the past 24 hours...
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Centuries have passed since the days of George Washington, but the principles are still the same
Video of Richard Stallman's Talk From Four Weeks Ago
2-hour video of Richard Stallman speaking less than a month ago
statCounter Says Twitter/X Share in Russia Fell From 23% to 2.3% in 3 Years
it seems like YouTube gained a lot
Journalist Who Won Awards for His Coverage of the Julian Assange Ordeals Excluded and Denied Access to Final Hearing
One can speculate about the true reason/s
Richard Stallman's Talk, Scheduled for Two Days Ago, Was Not Canceled But Really Delayed
American in Paris
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Friday 3 weeks from now is polling day
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Why did that not happen?
Gemini Links 16/05/2024: Microsoft Masks Layoffs With Return-to-office (RTO) Mandates, Cash Issues
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Thursday, May 16, 2024
IRC logs for Thursday, May 16, 2024
[Meme] Never Appease the Occupiers
Freedom requires truth. Free speech emancipates.
Thorny Issues, Violent Response
They say protests (or strikes) that do not disrupt anything are simply not effective. The same can be said about reporting.
GNU/Linux in Malaysia: From 0.2 Percent to 6+ Percent
That's like 30-fold increase in relative share
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This is clearly a problem for Microsoft
Techrights Congratulates Raspberry Pi (With Caution and Reservations)
Raspberry Pi will "make or break" based on the decisions made in its boardroom
OSI Makes a Killing for Bill Gates and Microsoft (Plagiarism and GPL Violations Whitewashed and Openwashed)
meme and more
People Who Defend Richard Stallman's Right to Deliver Talks About His Work Are Subjected to Online Abuse and Censorship
Stallman video removed
GNU/Linux Grows in Denmark, But Much of That is ChromeOS, Which Means No Freedom
Google never designs operating systems with freedom in mind
Links 16/05/2024: Vehicles Lasting Fewer Years, Habitat Fragmentation Concerns
Links for the day
Links 16/05/2024: Orangutans as Political Props, VMware Calls Proprietary 'Free'
Links for the day
The Only Thing the So-called 'Hey Hi Revolution' Gave Microsoft is More Debt
Microsoft bailouts
TechTarget (and Computer Weekly et al): We Target 'Audiences' to Sell Your Products (Using Fake Articles and Surveillance)
It is a deeply rogue industry that's killing legitimate journalism by drowning out the signal (real journalism) with sponsored fodder
FUD Alert: 2024 is Not 2011 and Ebury is Not "Linux"
We've seen Microsofers (actual Microsoft employees) putting in a lot of effort to shift the heat to Linux
Links 15/05/2024: XBox Trouble, Slovakia PM Shot 5 Times
Links for the day
Windows in Times of Conflict
In pictures
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Wednesday, May 15, 2024
IRC logs for Wednesday, May 15, 2024
Gemini Links 15/05/2024: 50 Years of Text Games
Links for the day
Ebury is Not "Linux", That's Just the Media Shifting Attention (Microsoft in the Hot Seat for Total Breach Right Now)
Seems like it may be a Trojan
Links 15/05/2024: Growing Tensions Between East and West, Anticlimax in Chatbot Space
Links for the day
[Video] 'Late Stage Capitalism': Microsoft as an Elaborate Ponzi Scheme (Faking 'Demand' While Portraying the Fraud as an Act of Generosity and Demanding Bailouts)
Being able to express or explain the facts isn't easy because of the buzzwords
Richard Stallman Talk 'Delayed'
"Repousé à une date ultérieur. Du au congé, il n'était pas possible de l'organiser bien dans le temps disponible."
Links 15/05/2024: Toll on Climate Change, Physical Assaults on Politicians
Links for the day
[Meme] Free Society Requires Free Press
The Assange decision is now less than a week away (after several delays and demand for shallow 'assurances')
CyberShow Goes "Live"
The CyberShow has a similar worldview (on technology and ethics) to ours
Latest Status of Site Archives (Static Pages)
article listings are reaching a near-final form
IRC Proceedings: Tuesday, May 14, 2024
IRC logs for Tuesday, May 14, 2024
Over at Tux Machines...
GNU/Linux news for the past day
Today's Talk by Richard Stallman Going Ahead as Planned
That talk will be in French