Smartphone Money (AT&T,Verizon) & Global Currency (IMF) Weak Signals

Corporations, Mobile, Money, Banks & Concentrated Wealth, Power Behind-the-Scenes/Special Interests, Technologies
Source article

AT&T, Verizon to Target Visa, MasterCard With Smartphones

By Peter Eichenbaum and Margaret Collins – Mon Aug 02, 2010

AT&T Inc. and Verizon Wireless, the biggest U.S. mobile carriers, are planning a venture to displace credit and debit cards with smartphones, posing a new threat to Visa Inc. and MasterCard Inc., three people with direct knowledge of the plan said.The partnership, which also includes Deutsche Telekom AG unit T-Mobile USA, may work with Discover Financial Services and Barclays Plc to test a system at stores in Atlanta and three other U.S. cities that would let a consumer pay with the contactless wave of a smartphone, the people said. The carriers have been searching for a chief executive officer.The trial would be the carriers’ biggest effort to spur mobile payments in the U.S. and supplant more than 1 billion plastic cards in American wallets. Smartphones have encroached on tasks ranging from Web browsing to street navigation and now may help the phone companies compete with San Francisco-based Visa and MasterCard, the world’s biggest payments networks.“This is definitely a game-changer,” said industry consultant Richard Crone of San Carlos, California-based Crone Consulting LLC. The firm advises card networks, issuers and phone companies. The mobile carriers “are the biggest recurring billers in every market. They are experts at processing payments,” Crone said.  Full article

Comment: We have been told that in Shanghai, it is common to see many instances of people–including children–using their cellphones to pay for goods and services, including mass-transit fares. Supposedly GlobalAgora was the first to penetrate the Chinese mobile market (2001) with the help of Nicholas Rockefeller.
Here it mentions a main technology was wireless internet WAP phones for mobile payments. On a wild side note, this video reveals interesting information from the now deceased Aaron Russo (film-maker of Trading Places, The Rose, Wiseguys, also managed Bette Midler) who was a former friend of Nick Rockefeller after Russo ran for governor of Nevada.

IMF blueprint for a global currency – yes really

Posted by Izabella Kaminska on Aug 04, 2010

FT Alphaville missed this IMF paper when it first came out in April, 2010.

Continue reading “Smartphone Money (AT&T,Verizon) & Global Currency (IMF) Weak Signals”

Huge Gaps in Gov’s Knowledge About Chemicals in Everyday Products (need for true cost public intelligence)

07 Health, Corporations, Power Behind-the-Scenes/Special Interests, True Cost

U.S. regulators lack data on health risks of most chemicals

By Lyndsey Layton
Washington Post Staff Writer
Monday, August 2, 2010

This summer, when Kellogg recalled 28 million boxes of Froot Loops, Apple Jacks, Corn Pops and Honey Smacks, the company blamed elevated levels of a chemical in the packaging.

Dozens of consumers reported a strange taste and odor, and some complained of nausea and diarrhea. But Kellogg said a team of experts it hired determined that there was “no harmful material” in the products.

Federal regulators, who are charged with ensuring the safety of food and consumer products, are in the dark about the suspected chemical, 2-methylnaphthalene. The Food and Drug Administration has no scientific data on its impact on human health. The Environmental Protection Agency also lacks basic health and safety data for 2-methylnaphthalene — even though the EPA has been seeking that information from the chemical industry for 16 years.

Continue reading “Huge Gaps in Gov's Knowledge About Chemicals in Everyday Products (need for true cost public intelligence)”

President’s Cancer Panel Report, Pharma Trace Contamination of Freshwater Supplies

03 Environmental Degradation, 07 Health, 12 Water, Corporations, Power Behind-the-Scenes/Special Interests

This year's report focuses primarily on environmental factors that contribute to cancer risk. According to the report, pharmaceutical drugs are a serious environmental pollutant, particularly in the way they continue to contaminate waterways across the country.

2008–2009 Annual Report from the President’s Cancer Panel
REDUCING ENVIRONMENTAL CANCER RISK: What We Can Do Now
(240 pages)

According to a U.S. Geological Survey (USGS) study conducted back in 2002, antidepressants, blood pressure and diabetes medications, anticonvulsants, oral contraceptives, hormone replacement therapy drugs, chemotherapy drugs, antibiotics, heart medications and even codeine are all showing up in the water supplies of American cities. This study was the first national-scale evaluation of pharmaceutical drug contamination in streams, and roughly 80 percent of the streams tested were found to be contaminated as well.

Continue reading “President's Cancer Panel Report, Pharma Trace Contamination of Freshwater Supplies”

Google = King of Malware

Computer/online security, Corporations, Cyberscams, malware, spam, Technologies

See the report

New Report Findings from Barracuda Labs: The ‘King Of Malware’ at Midyear 2010, Google

Matt McGee writes on Search Engine Land:

Google has twice as much malware in its search results as Yahoo, Bing, and Twitter combined. That’s one of the findings in the Barracuda Labs 2010 Midyear Security Report, which will be presented tomorrow at the DEFCON 18 hacking conference tomorrow in Las Vegas.

Barracuda Labs says it studied the four search engines for about two months and reviewed more than 25,000 trending topics and almost 5.5 million search results.

The article also includes a pie chart (on page 60 showing malware percentages from Google 69%, Bing 12%, Yahoo 18%, and Twitter 1%) as well as a table showing the percentage of accounts Twitter suspends each month.

[It] was 1.67% for the first half of 2010, with a high of 2.38% in June.

Access the Complete Article, Charts, and Graphs at Search Engine Land

Also see:
+ Barracuda Labs 2010 Midyear Security Report (Free; 83 pages; PDF)
+ Researcher ‘Fingerprints' The Bad Guys Behind The Malware (June 22, 2010)
+ Vulnerabilities in Adobe Acrobat/Reader & MS Word being used to install malware

Dangers in the Dust: Inside the Global Asbestos Trade

02 Infectious Disease, 03 Environmental Degradation, 04 Education, 07 Health, 09 Justice, 10 Security, Civil Society, Commerce, Corporations, Corruption, Power Behind-the-Scenes/Special Interests, True Cost

Center for Public Integrity link associated with BBC & the International Consortium of Investigative Journalists
BBC page on asbestos industry hazards

Related:
Worth a Look: Book Reviews on Poisons, Toxicity, Trash, & True Cost

Secrecy News: Costs of Major US Wars, Contractors in Iraq & AF, Drones & Homeland Sec

04 Inter-State Conflict, 08 Wild Cards, 09 Terrorism, Budgets & Funding, Commerce, Corporations, Government, Intelligence (government), Military, Money, Banks & Concentrated Wealth, Power Behind-the-Scenes/Special Interests, True Cost

COSTS OF MAJOR U.S. WARS COMPARED

More than a trillion dollars has been appropriated since September 11, 2001 for U.S. military operations in Iraq, Afghanistan and elsewhere.  This makes the “war on terrorism” the most costly of any military engagement in U.S. history in absolute terms or, if correcting for inflation, the second most expensive U.S. military action after World War II.

A newly updated report from the Congressional Research Service estimated the financial costs of major U.S. wars from the American Revolution ($2.4 billion in FY 2011 dollars) to World War I ($334 billion) to World War II ($4.1 trillion) to the second Iraq war ($784 billion) and the war in Afghanistan ($321 billion).  CRS provided its estimates in current year dollars (i.e. the year they were spent) and in constant year dollars (adjusted for inflation), and as a percentage of gross domestic product.  Many caveats apply to these figures, which are spelled out in the CRS report.

In constant dollars, World War II is still the most expensive of all U.S. wars, having consumed a massive 35.8% of GDP at its height and having cost $4.1 trillion in FY2011 dollars.  See “Costs of Major U.S. Wars,” June 29, 2010.

MILITARY CONTRACTORS IN IRAQ AND AFGHANISTAN

The Department of Defense has more contractors in Iraq and Afghanistan than it has uniformed military personnel, another newly updated report from the Congressional Research Service reminds us.

“The Department of Defense increasingly relies upon contractors to support operations in Iraq and Afghanistan, which has resulted in a DOD workforce that has 19% more contractor personnel (207,600) than uniformed personnel (175,000),” said the CRS report — which forms a timely counterpoint to this week's Washington Post “Top Secret America” series on the tremendous expansion of the intelligence bureaucracy, including the increased and often unchecked reliance on contractors.

The explosive growth in reliance on contractors naturally entails new difficulties in management and oversight.  “Some analysts believe that poor contract management has also played a role in abuses and crimes committed by certain contractors against local nationals, which may have undermined U.S. counterinsurgency efforts in Iraq and Afghanistan,” the CRS said.  See “Department of Defense Contractors in Iraq and Afghanistan: Background and Analysis,” July 2, 2010.

And see, relatedly, “U.S. Special Operations Forces (SOF): Background and Issues for Congress,” July 16, 2010.

UNMANNED AERIAL SYSTEMS AND HOMELAND SECURITY

The potential benefits and limitations of using unmanned aerial vehicles for homeland security applications were considered by the Congressional Research Service in yet another updated report.  See “Homeland Security: Unmanned Aerial Vehicles and Border Surveillance,” July 8, 2010.

The same set of issues was examined in a newly published master's thesis on “Integrating Department of Defense Unmanned Aerial Systems into the National Airspace Structure” by Major Scott W. Walker.

Another new master's thesis looked at the comparatively high accident rate of unmanned systems and their susceptibility to attack or disruption.  See “The Vulnerabilities of Unmanned Aircraft System Common Data Links to Electronic Attack” by Major Jaysen A. Yochim.

The “secret history” of unmanned aircraft was recounted in an informative new study published by the Air Force Association.  See “Air Force UAVs: The Secret History” by Thomas P. Ehrhard, July 2010.
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Secrecy News is written by Steven Aftergood and published by the Federation of American Scientists.

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