Year: 2007

Move Over Subprime. Here is Your Brother, Alt-A

These are more common than subprime loans, and while the terms are better, and the debtors in a better position to pay their loans, this bubble is deflating too.

To quote Rich Toscano, “As a matter of fact, high-risk mortgages have accounted for a comfortable majority of all San Diego home loans in recent years.

If you have a 10% drop in housing prices, you will see many, if not most, of the homeowners in the US under water, owing more than they can sell the property for.

Alt A Loans `Disconcerting,’ Jumbos Weaker, S&P Says
By Jody Shenn

June 26 (Bloomberg) — U.S. homeowners with good credit are increasingly falling behind on mortgage payments, a sign lenders have been offering “higher risk” loans outside the so-called subprime market, Standard & Poor’s Corp. said today.

Rising late payments and defaults on so-called Alt A mortgages made last year are “disconcerting” and delinquent borrowers appear to be “finding it increasingly difficult to refinance” or catch up on their payments, S&P analysts said today in a statement. “Serious” delinquencies, foreclosures and seized property among “prime jumbo” mortgages in bonds from 2006 reached the highest among loans of less than 13 months since at least before 2000, S&P said in a separate report.

Alt A home loans are granted to borrowers with generally good credit scores who opt for unusual loan terms or underwriting standards, such as reduced proof of their pay, without enough offsetting positive attributes.

S&P, one of the two largest ratings firms, is now “examining how the risk profile clearly increased” in the Alt A market, it said in a statement sent by e-mail today. “We will communicate our findings to the market,” S&P said, in language it typically uses ahead of adjusting its rating methodology.

….

Hoovervilles Return

The reporter is missing the story.

The story is a Hooverville, the Brazilians call them Favelas, have returned, and over the past 8 years or so, the population has increased 10 fold.

Illegal squatters create new sprawl on mesa
Jeremy Jojola, Eyewitness News 4, and Kurt Christopher, KOB.com
Illegal squatters create new sprawl on mesa

No roads. No power. But that’s not stopping an explosion of illegal homes from being built just southwest of Albuquerque on Pajarito Mesa.

For years, families just outside of Albuquerque have been living in third-world conditions. Now a recent estimate by Bernalillo County officials shows a jump of illegal growth in the area that could end up costing the county big bucks to stop and clean up.

You could call it Albuquerque’s version of a shanty town. It’s where families build homes of plywood in the middle of the desert without running water or electricity.

Josefina Quesada and her family of seven have been living on the mesa for 13 years. They buy water in the city and truck it back home in barrels. Their source of power is a series of car batteries.

Every ten days the water runs out and they go back into town for more. Quesada says despite the hardships, she’d rather live here than in the city.

A recent estimate by the county shows more families like the Quesadas are moving onto the mesa. In the early 1990s, the county counted about 50 families living in the area. Today the estimate is 500 families, many of them in homes that were either built or moved to the mesa illegally.

Common Ground for Hunters and Environmentalists

Christina Larson, Blogging for Kevin Drum makes a very good point about hunters and other sportsmen.

Specifically, if they are allowed reasonable access in an environmentally friendly way, they are great allies in protecting critical habitats.

I don’t hunt myself. I keep Kosher at home out of respect for my wife, and anything that you would shoot would be treif, and so we could not eat them, but I’ve taken my kids fishing, and only my astonishing ineptitude has prevented us from taking fish home to cook.

Here we have roadless land where hunters can walk in to hunt, and they, who are not what one could call reflexively anti-military, are screaming bloody murder.

Hunting is essential in much of rural PA, because the deer have gotten completely out of hand, because the wolves have been eliminated.

I’d like to see wolves reintroduced, if just because they are more efficient, and tend to go after the old and infirm animals, but for the foreseeable future, hunting is an indispensable part of the ecosystem.

Land Conservationists Take on the National Guard – New York Times

By SEAN D. HAMILL

FORT INDIANTOWN GAP, Pa., June 27 — There are few better vantage points than Hawk Watch to see both sides of the debate between the Pennsylvania National Guard and local conservationists.

Hawk Watch, a 30-yard-wide clearing named for its grand view of soaring raptors, is on the ridge of Second Mountain, about 12 miles northeast of Harrisburg and part of the Appalachian range.

“This is Stony Creek Valley,” said Larry Herr, pointing north to 44,000 acres of state-protected wilderness that is home to a nearly unaltered green carpet of hemlock, maple and oak trees going down the hillside to the valley 1,000 feet below.

Then, walking to the other side of Hawk Watch and looking south onto a 17,000-acre base operated by the Pennsylvania National Guard, Mr. Herr said with contempt: “And this is the Gap. Notice the difference.”

Amid large swaths of a similar tree canopy are pockets where the valley and hillside have been carved up for guard training areas, the trees removed and roads, buildings and ranges put in their place.

“That’s why we don’t want them over here,” said Mr. Herr, 67, a hunter who is part of the Stony Creek Valley Coalition fighting the guard’s request to use about 900 acres as a buffer for a new target range for Abrams M-1 tanks and Bradley fighting vehicles. “We don’t trust them.”

In a series of public meetings, charges have flown back and forth about a lack of concern for the public and past environmental abuses by the Guard — charges the Guard denies — and accusations that sportsmen regularly trespass on Guard land.

……

Emphasis mine.

Note to Aerospace Journalists: Star Trek Analogies Make You Look Like a Wanker

This is a significant development. It could lead to an explosion of planetary probes, and perhaps a meaningful space tug for transfer from LEO or GTO to GEO.

That being said the fact that the phony Next Generation Enterprise and ion drives both turn blue is not a reason to make stupid analogies that turn the stomach.

Interesting story. Lousy writing.

Dawn Spacecraft Ready To Turn Science Fiction into Reality (Subscription Required)
Aviation Week & Space Technology
07/02/2007, page 56

Craig Covault
Cape Canaveral

Dawn ready to turn science fiction into reality on mission to orbit two infant planets

Printed headline: Blue Light Special

In the classic television series Star Trek, the Starship Enterprise speeds around the galaxy on blue light propulsion beams, then maneuvers into orbit around many different worlds before zooming off again to do more exploration.

Such science fiction becomes fact here as the $446-million NASA Dawn mission is readied for liftoff on an eight-year, 3-billion-mi. journey to the protoplanets Vesta and Ceres (see cover).

Powered by glowing blue beams from its own revolutionary solar electric ion propulsion system (IPS), Dawn is to fly to, then orbit, these two separate bodies hundreds of millions of miles apart. Only science fiction spacecraft have done such things before; Star Trek’s Enterprise did it using antimatter propulsion.

With 935 lb. of xenon fuel, the 2,696-lb. Dawn spacecraft has far more propulsion capability than any previous real spacecraft.

Dawn’s solar electric propulsion system has the ability to accelerate the spacecraft by nearly 7 mi. per sec. over the course of its mission. This is as much velocity change in deep space as it will receive from its entire Delta launch vehicle to reach space, then depart Earth orbit.


Like Star Trek come true, the NASA Dawn spacecraft and its Dutch Space solar arrays spanning nearly 65 ft. (left) will accelerate by about 7 mi. per sec. on blue beams of ion propulsion to orbit two different bodies.Credit: (LEFT SIDE OF SPREAD) NASA/JPL, (RIGHT) STAR TREK BETHSOFT.COM

“That is huge for a planetary mission, it is really incredible velocity capability,” says Mike Mook, the Dawn Orbital Sciences project manager.

A conventional interplanetary spacecraft may burn roughly 660 lb. of propellants during a total of 20 min. of operation in an entire mission, achieving a velocity change of perhaps 3,300 fps. This compares with Dawn’s far greater solar electric capability to increase velocity—to nearly 7 mi. per sec.—over its longer mission life.

Republicans: Who Cares About Safety? We Need to Diss a Union!

The FAA maintains that it was a pay increase, not a pay cut, but it looks like going back to the old contract would require $20m in back pay.

The FAA refused to negotiate in good faith with the union.

Controller Amendment Could Scuttle FAA Bill, Mica Says (Subscription Required)
Aviation Week & Space Technology
07/02/2007, page 37

Adrian Schofield
Washington

Republicans say controller amendment could be ‘showstopper’ for FAA bill

Printed headline: Veto Bait

The juggernaut that is the FAA reauthorization effort has rolled past another congressional milestone, but in doing so it picked up a controversial amendment that threatens to draw a White House veto.

The House version of the FAA reauthorization bill was introduced June 27 –after many false starts–and was supported by both Republican and Democratic leaders from the House Transportation and Infrastructure Committee. However, this accord was short-lived: Just a day later Republicans vehemently opposed an amendment that would reopen an air traffic controller contract imposed by the FAA last year.

The amendment and the bill itself were eventually approved during a June 28 markup hearing, and are now headed for further debate on the House floor. The Senate passed its own version in May.

Rep. John Mica (Fla.), ranking Republican on the committee, stressed the controller clause will likely result in a presidential veto. This amendment is a “showstopper” and “a poison pill that could kill FAA reauthorization,” he said. Transportation Secretary Mary Peters later confirmed the veto threat.

The controller amendment–offered by aviation subcommittee Chairman Jerry Costello (D-Ill.)–would turn the clock back to before the FAA declared an impasse in negotiations with the controllers union. Under existing law, the impasse allowed the agency to impose its last contract proposal. The Costello amendment would send the FAA and the National Air Traffic Controllers Assn. (Natca) back to the bargaining table, and would require binding arbitration if no agreement is reached within 45 days.

Both sides agree the contract negotiation process needs to be changed in the future, but they differ over reopening the existing contract. Costello proposes reversing new pay and work rules imposed by the FAA last year, and awarding up to $20 million in back pay to controllers. However, he noted the amendment would be void if the FAA and Natca manage to reach a settlement before the reauthorization bill reaches the President.

…..

Starting World War III By Mistake

Let’s see the problems here:

  • This makes a conventional attack indistinguishable from a nuclear one, increasing the possibility of a nuclear response.
  • It makes arms control agreements next to impossible to enforce, though that might be the goal of Bush and his evil minions, they have always opposed arms control agreements.

Navy, Air Force Explore Conventional Strike Options (Subscription Required)

Aviation Week & Space Technology
07/02/2007, page 32

Amy Butler
Los Angeles and Sunnyvale, Calif.

The Pentagon is looking for non-nuclear strike options, prompting new demos

Printed headline: Hardly Conventional

The U.S. Air Force and Navy are preparing different approaches to solving a gap in the nation’s ability to deliver a conventional payload to strike any target on the globe within one hour of a go-ahead.

The Navy is looking to its Trident II D5 submarine-launched missile, while the Air Force is considering a land-based design using decommissioned Peacekeeper and Minuteman rocket motors on a Minotaur launch vehicle tipped with a conventional munition.

U.S. Strategic Command chief, Marine Corps Gen. James Cartwright–the White House’s pick for the next vice chairman of the Joint Chiefs of Staff–says he needs this capability to react to a variety of threats without having to rely on basing rights or nuclear weapons. The target set could include anything from activities deserving of a preemptive strike–such as an anti-satellite threat–or a reaction to real-time intelligence on terrorist elements.

And this makes it even worse:

The Navy notionally plans to dedicate two of 24 tubes in each of 14 Ohio-class submarines to the conventional Trident mission. The remaining tubes would continue to carry the nuclear-armed versions.

There is a sub launched ballistic missile headed toward you. You have nukes. Is it targeting you, or someone else? Is it conventional or nuclear?

You have 5 minutes to choose a response.

NASA Boondoggle

If useful work were being done there, they would be fighting applicants off with a stick.

They are begging for people to find uses for that white elephant.

NASA Seeks Outside ISS Users (Subscription Required)
NASA Seeks Outside ISS Users
Aviation Week & Space Technology
07/02/2007, page 24

Frank Morring, Jr.
Washington

Half of U.S. rack space on station unfilled; NASA seeks outside users

Printed headline: Space Available

NASA is giving away half of its space on the International Space Station. The question is whether anyone will be able to get there to use it.

As the ISS enters the final stretch of its buildout to completion before the space shuttle fleet is retired in 2010, NASA managers are offering the use of roughly 11 refrigerator-sized experiment racks inside the station’s pressurized modules, and perhaps four external sites, free of charge. The catch is that users will have to get their experiments to the ISS at their own expense.

“We’re not going to require users of the station to pay a fee for access to the laboratories,” says Mark Uhran, assistant associate administrator for ISS in NASA’s Space Operations Mission Directorate. “What we expect the new entities to cover is the cost of their own research, the cost of the payload devices. We’re still working the challenges with the transportation costs because obviously we don’t know precisely what those transportation costs are going to be.”

No One Must Distract the Emperor

Bush and his evil minions really do hate America.

Not for Nothing – Reporter sanctioned for approaching Bush
WPRI-TV, Channel 12 reporter Jarrod Holbrook had his White House press pass snatched after he shouted “Mr. President!” twice as President Bush greeted Air and Army National Guardsmen gathered on the tarmac at the Air National Guard base in Quonset.

A member of the president’s entourage pointed at Holbrook after he first tried to get Mr. Bush’s attention. The man then ripped the pass from Holbrook’s belt after he shouted again to the president, who was about 10 feet away.

Holbrook said afterward that he just wanted to ask Mr. Bush how he enjoyed his visit to Rhode Island. Members of the media were not told they could not ask the president questions.

New Sensor Detects Submarines?

I think that this technology is probably oversold, otherwise we would not see it in Aviation Week.

If it worked, it would be so classified, we wouldn’t even hear rumors of it.

New Sensor Detects Submarines(Subscription Required)
New Sensor Detects Submarines
Aviation Week & Space Technology
07/02/2007, page 13

Edited by Edward H. Phillips

Printed headline: Hide and Seek

Scientists at the Georgia Institute of Technology have developed a sensor that measures the motion generated by sound waves under water. A series of the device could be configured in compact arrays and deployed by the U.S. Navy to detect enemy submarines. According to Francois Guillot, a research engineer at the George W. Woodruff School of Mechanical Engineering in Atlanta, the sensor is capable of detecting small sounds despite the surrounding noise of the ocean, and it provides clear directional information. In addition, the sensor can be modified to measure water deformation, or shear, associated with a sound wave. The research is being supported by a grant from the Office of Naval Research.

Russians to Launch Nuclear Powered Carrier

Aviation week is covering the new aircraft, but to me, the building of a carrier is more interesting.

MiG is beginning flight testing (subscription required)

Aviation Week & Space Technology
07/02/2007, page 18

MiG is beginning flight testing of the latest iteration of the MiG-29K carrier-borne derivative of the Fulcrum, which is destined for the Indian navy.

The two-seat variant, the MiG-29KUB, flew for the first time in January. Under a contract with India, signed in 2004, 12 single-seat and four two-seat aircraft were ordered as part of the $1.5-billion deal covering the aircraft carrier Admiral Gorshkov. The single-seat MiG-29K uses the same forward fuselage section as the two-seat aircraft, including the canopy. The second cockpit, however, is replaced with an additional fuel tank.

Credit: ALEXEY KOMAROV

The MiG-29 could yet find its way into the Russian navy inventory, which only includes the Su-33 in the combat role. Commander-in-Chief Adm. Vladimir Masorin says its future carrier requirement is for a ship “with some 50,000 tons displacement. We assume the carrier will accommodate 30 aircraft, both fixed-wing and rotorcraft.” The new class of nuclear-powered ship would replace the Admiral Kuznetsov after 2015.

By comparison, the Charles de Gaulle displaces 40,600 tons, their future Carrier will displace about 65,000 tons, and the Nimitz class super carriers displace about 102,000 tons.

The Nimitz has a complement of about 75 aircraft.

I’m wondering if they will continue with the ski jump, or go with catapults.

28301-016, Next Round

Scooter just got turned down by the appeals court. He’s going to have to go to jail.

Libby, Ex-Cheney Aide, Must Go to Jail During Appeal
July 2 (Bloomberg) — Lewis “Scooter” Libby, Vice President Dick Cheney’s former chief of staff, must go to prison while appealing his conviction for obstructing a CIA leak probe, a U.S. appeals court said.

Libby may be behind bars within weeks after a three-judge panel of the U.S. Court of Appeals for the D.C. Circuit today denied his request for release. The decision will increase pressure on President George W. Bush to decide soon whether to pardon Libby, 56, as the former White House official’s supporters have urged.

Libby “has not shown that the appeal raises a substantial question” under federal law that would merit letting him remain free, the court said.

Libby was sentenced to 2 1/2 years in prison last month following his March 6 conviction of lying to investigators probing the 2003 leak of Central Intelligence Agency official Valerie Plame’s identity. U.S. District Judge Reggie Walton refused to let Libby stay out of prison during his appeal — which might take more than a year to resolve — saying that evidence of his guilt was “overwhelming.”

Libby was convicted of obstructing justice, perjury and making false statements. He resigned as Cheney’s top aide upon being indicted in 2005.

….

It was a unanimous decision by the appellate panel, so he’s going to be going to jail. No legal question here.

Of course, the Supreme Court could review this, but I don’t think that even Scalia would be so brazen.

What’s Wrong With the Media

Undercover, under fire – Los Angeles Times
By Ken Silverstein
KEN SILVERSTEIN, a former Times staff writer, is the Washington editor of Harper’s Magazine.

June 30, 2007

EARLIER THIS YEAR, I put on a brand-new tailored suit, picked up a sleek leather briefcase and headed to downtown Washington for meetings with some of the city’s most prominent lobbyists. I had contacted their firms several weeks earlier, pretending to be the representative of a London-based energy company with business interests in Turkmenistan. I told them I wanted to hire the services of a firm to burnish that country’s image.

I didn’t mention that Turkmenistan is run by an ugly, neo-Stalinist regime. They surely knew that, and besides, they didn’t care. As I explained in this month’s issue of Harper’s Magazine, the lobbyists I met at Cassidy & Associates and APCO were more than eager to help out. In exchange for fees of up to $1.5 million a year, they offered to send congressional delegations to Turkmenistan and write and plant opinion pieces in newspapers under the names of academics and think-tank experts they would recruit. They even offered to set up supposedly “independent” media events in Washington that would promote Turkmenistan (the agenda and speakers would actually be determined by the lobbyists).

All this, Cassidy and APCO promised, could be done quietly and unobtrusively, because the law that regulates foreign lobbyists is so flimsy that the firms would be required to reveal little information in their public disclosure forms.

Now, in a fabulous bit of irony, my article about the unethical behavior of lobbying firms has become, for some in the media, a story about my ethics in reporting the story. The lobbyists have attacked the story and me personally, saying that it was unethical of me to misrepresent myself when I went to speak to them.

That kind of reaction is to be expected from the lobbyists exposed in my article. But what I found more disappointing is that their concerns were then mirrored by Washington Post media columnist Howard Kurtz, who was apparently far less concerned by the lobbyists’ ability to manipulate public and political opinion than by my use of undercover journalism.

“No matter how good the story,” he wrote, “lying to get it raises as many questions about journalists as their subjects.”

I can’t say I was utterly surprised by Kurtz’s criticism. Some major media organizations allow, in principle, undercover journalism — assuming the story in question is deemed vital to the public interest and could not have been obtained through more conventional means — but very few practice it anymore. And that’s unfortunate, because there’s a long tradition of sting operations in American journalism, dating back at least to the 1880s, when Nellie Bly pretended to be insane in order to reveal the atrocious treatment of inmates at the Women’s Lunatic Asylum on Blackwell’s Island in New York City.

Kurtz’s wife is a Republican apparatchik, and as such, he has a vested interest in the comfortable transmission of lies that is today’s journalism.

….

The decline of undercover reporting — and of investigative reporting in general — also reflects, in part, the increasing conservatism and cautiousness of the media, especially the smug, high-end Washington press corps. As reporters have grown more socially prominent during the last several decades, they’ve become part of the very power structure that they’re supposed to be tracking and scrutinizing.

Chuck Lewis, a former “60 Minutes” producer and founder of the Center for Public Integrity, once told me: “The values of the news media are the same as those of the elite, and they badly want to be viewed by the elites as acceptable.”

This is why Journalism school, and the Journalism school academe is so damaging to real journalism. It takes work, and makes it a profession, and those professionals are timid, and see themselves as the same as the people that they cover.

….

Yes, undercover reporting should be used sparingly, and there are legitimate arguments to be had about when it is fair or appropriate. But I’m confident my use of it in this case was legitimate. There was a significant public interest involved, particularly given Congress’ as-yet-unfulfilled promise to crack down on lobbyists in the aftermath of the Jack Abramoff scandal.

Could I have extracted the same information and insight with more conventional journalistic methods? Impossible.

Based on the number of interview requests I’ve had, and the steady stream of positive e-mails I’ve received, I’d wager that the general public is decidedly more supportive of undercover reporting than the Washington media establishment. One person who heard me talking about the story in a TV interview wrote to urge that I never apologize for “misrepresenting yourself to a pack of thugs … especially when misrepresentation is their own stock in trade!”

I’m willing to debate the merits of my piece, but the carping from the Washington press corps is hard to stomach. This is the group that attended the White House correspondents dinner and clapped for a rapping Karl Rove. As a class, they honor politeness over honesty and believe that being “balanced” means giving the same weight to a lie as you give to the truth.

I’ll take Nellie Bly any day.

Orwell rolls in his grave

It appears that in addition to bad orthodonture, the British share a fetish for surveillance cameras. Blah

Orwell rolls in his grave: Britain’s endemic surveillance cameras talk back
05/30/2007 @ 10:56 am
Filed by Will Byrne

Observed by over 4.2 million closed circuit – or CCTV – cameras across the country, Britain is already the most surveilled industrialized state in the Western world. It was recently estimated that the average Briton is captured by electronic eyes more than 300 times on a typical workday.
a
Yet the country’s surveillance network, which boasts one camera for every fourteen citizens, is no longer merely facilitating observance: It has now begun talking back. In a scene eerily reminiscent of Orwell’s dystopian vision of 1984, loudspeakers in one small-town center in northern Britain scold anyone they catch engaged in “anti-social behaviour,” including littering, drunkenness, or fighting.

Observing a bank of monitors in the council “control centre,” Middlesbrough town officials use the technology to broadcast warnings to deviants in real-time. The crime-fighting strategy behind the “speaker cam” draws upon the humiliation of being rebuked in public. A representative explained its function to the BBC in April as being to “embarrass” misbehavers into following the rules. Reports of wrongful chiding have been plentiful.

In one case, a young mother named Marie Brewster was falsely reprimanded for littering. She recounted her experience for The Guardian. “We were in the town centre and I’d got some chips at McDonald’s for my daughter Ellie, but they were hot so I tipped them into a box and crumpled the packet up. I put it on the bottom of Ellie’s pram to take home but then heard this voice say: ‘Please place the rubbish in the bin provided.’” She filed her complaint when she saw footage of the event in a televised news piece advocating the effectiveness of the new innovation in combating crime.

And Another One Bites the Dust

Yep, another corrupt Justice Department political appointee leaves.

When a Dem gets in, we need to run all the crooks to ground.

In her case, I think that suborning perjury by Supreme Court nominees is one of her crimes. Roberts and Alito were clearly coached to lie.

Seventh official quits Justice Departmen

Fri Jun 29, 2007 7:29PM EDT

WASHINGTON (Reuters) – An assistant attorney general at the Justice Department announced her resignation on Friday, becoming the seventh official to quit the department since the Democratic-led Congress launched an investigation in March into the firing of nine federal prosecutors.

Rachel Brand, assistant attorney general for legal policy, said she would step down on July 9. No reason was given.

Brand was nominated to her position on March 29, 2005, and confirmed by the Senate four months later.

She was responsible for preparing Supreme Court Chief Justice John Roberts and Justice Samuel Alito for their confirmation hearings and helped in the reauthorization in 2006 of the USA Patriot Act, an anti-terrorism law that Congress approved after the September 11 attacks.

….

Surprise, Big Companies Discover that Chinese Corruption Might Endanger Customers

Actually, it’s not the deaths that they are worrying aobut, it’s the poor PR.

This has been a concern for decades.

Companies in U.S. Increase Testing of Chinese Goods
By NELSON D. SCHWARTZ

General Mills, Kellogg, Toys “R” Us and other big American companies are increasing their scrutiny of thousands of everyday products they receive from Chinese suppliers, as widening recalls of items like toys and toothpaste force them to focus on potential hazards that were overlooked in the past.

These corporations are stepping up their analysis of imported goods that they sell, making more unannounced visits to Chinese factories for inspections and, in one case, pulling merchandise from American shelves at the first hint of a problem.

General Mills, which makes food products like Pillsbury dough and Chex cereals, is testing for potential contaminants that it did not look for previously, although it would not name the substances. Kellogg has increased its use of outside services that scrutinize Chinese suppliers and has identified alternative suppliers if vital ingredients become unavailable. And Toys “R” Us recently hired two senior executives in new positions to oversee procurement and product safety, mainly for goods made in China.

Is the NSA Screwing With the Net?

Many of you have only a vague knowlege of the 1988 Internet Worm.

I was not on the net at the time, but a number of friends and relatives were. It took down the net.

It was launched by Robert T. Morris, III. Of note is the fact that RTM, Jr., his father, was chief scientist of the National Security Agency’s National Computer Security Center at the time.

It’s a thing that makes you go hmmm, as in, do federal agencies have back doors written into critical software on the net to cripple it on an as needed basis?

A glitch in the Matrix, or a hungry exploit?
By Sûnnet Beskerming
Published Saturday 30th June 2007 23:37 GMT

Sûnnet Beskerming researchers observed an interesting deviation in global network traffic over the last 24 hours, particularly for South American, Asian, and Australian networks. Normally, global Internet traffic (as observed by the Internet Traffic Report) oscillates around nine per cent packet loss, with global response times of 138 ms, and the internally derived traffic index at around 79.

Sustained over the last 24 hours, the traffic index has dipped almost five per cent, packet loss has climbed to 11 per cent, and the global response time to almost 150 ms.

I Want This Job

I’ll work cheap? Heck, I’ll lose weight, hit the gym, and wear a rug….I’ll even shave my body hair if required.

Doctor Who recruits new sidekick
Martha Jones off to Torchwood
By Lester Haines
Doctor Who will gain a new companion for the next 13-episode series of the cult show, the BBC reports.

…..

To cover the temporary redeployment, the good Doctor will be accompanied on his travels by an as-yet-unnamed newcomer. His or her identity will be “announced shortly”. ®

Andrew Orlowski is the Smartest Man in Computer Journalism

I’ve know this ever since Mr. Orlowski, in the process of describing the Microsoft® anti-trust case coverage, called Declan McCullagh, a “Draw by Crayon Libertarian.

He has a real knack for getting to the heart of the matter, and nailing the reality without getting caught up in the PR bull$%#@.

El Reg gets an iPhone
By Cade Metz in San Francisco

These complaints aren’t going away, and as I continue to use this thing, I’m sure that others will crop up. El Reg editor Andrew Orlowski says you can never draw conclusions about a phone unless you’ve used it for at least a month. He even predicts that users will grow weary of all that screen touching and call out for more hardware buttons. We’ll keep you updated.®”