Tag: Chief Executive Officer (CEO)

Open Sesame

 

The latest crisis in computer security comes from news of the Meltdown and Spectre Central Processing Unit (CPU) exploits. Nearly all desktop and laptop computers are affected, and most tablets, smartphones, and other small devices are also affected.* The difference is on account of the types of CPUs used for the various computers and devices. Since home users usually access password protected accounts like email and online banking from smaller devices as well as larger computers, they could see their privacy and online security compromised across platforms. In other words, hackers can exploit a hardware flaw in the CPUs of home computers, and then hackers could use that vulnerability to access private email and banking passwords in software that crosses platforms.

 

ืขืœื™ ื‘ืื‘ื ืžืชื—ื‘ื ืขืœ ื”ืขืฅ
In the story “Ali Baba and the Forty Thieves”, Ali Baba overhears one of the thieves say “Open Sesame” to open the entrance of the cave where they store their loot. Illustration by Rena Xiaxiu.

CPU makers like Intelโ€  are racing to fix the problem, which was first discovered by Google security researchers last June, and internet browser makers, where many users store passwords, are hurrying to tighten security on their end. In the meantime, people need to be vigilant about email and banking security themselves, starting with changing their passwords if they suspect unusual activity in their accounts and running a full suite of anti-virus, anti-spyware, and anti-malware programs on their computers. Those are routine security measures that people ought to be taking already, but unfortunately some folks don’t even do that much. When their computers are compromised by hackers, those home users are often as not completely unaware they are being used as part of a rogue network, called a botnet, to spread spam and other nasties throughout the internet. When everything is linked as with the internet, the weakest links are the easiest targets of hackers.

Even after tightening up individual computer security by using strong passwords and storing them securely, by not clicking on links in untrusted emails, by surfing the web safely using the anti-phishing feature built into most browsers, by regularly updating a security suite and running scans with it, even after all that a careful home user can still have difficulties, whether it’s because of something completely out of their control in the so-called cloud, such as when credit reporting agencies got hacked, or simply because their Internet Service Provider (ISP) momentarily gives them the Internet Protocol (IP) address of a blacklisted spammer, causing their email provider to block their account.

Since the majority of IP addresses are dynamic rather than static, meaning that each time a computer user connects to the internet the device that user is on, or possibly a larger network it is part of, is assigned a different IP address rather than keeping the same IP address from session to session. Because dynamic IP addresses are recycled, it’s a wonder that the unfortunate coincidence of being assigned a blacklisted address does not happen more often than it does. It’s impractical to remove a bad address from the rotation entirely because spammers can jump from address to address so quickly that soon all of them would be blacklisted, or the addresses would have to be prohibitively long.

Alfred Hitchcock’s 1956 film The Wrong Man explores the nightmare of mistaken identity.

The other way to get blacklisted as a spammer is to get hacked as described earlier, either through negligence or bad luck, and end up an unknowing part of a botnet distributing spam to friends and strangers alike. The use of biometrics like fingerprint and iris scans are no better a solution to account security than passwords since hackers have been at work on spoofing mechanisms for biometrics. Police can also compel people to grant access to their computers and other devices when they are locked by biometric measures, whereas they cannot compel people to divulge their passwords. There is no single, simple solution to keeping private data entirely secure on any computer or device as long as it is connected to the internet. It’s like the locks on doors and windows, which ultimately will keep out only honest people. Dishonest people will find a way in if they are determined enough, but it’s better for everyone else if it’s not too easy for them, and if they get caught sooner rather than later.
โ€• Techly

*Post updated to enlarge number of devices affected.

โ€ In November, long after he had learned of the vulnerability in his company’s products, but of course before the flaw had become general knowledge last week, Intel CEO Brian Krzanich sold almost all of his stock in the company for $39 million.

 

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Slowed to a Trickle

 

There’s a story of how in eastern Siberia in past centuries, where the people often partook of the fly agaric mushroom, Amanita muscaria, for its mind and mood altering properties, the rich often hoarded the supply and the poor had to do without until the rich threw a party such as a wedding, at which event they could be counted on to ingest some mushrooms and, when they ventured out to urinate, the poor would somehow capture the rich people’s urine, which was still loaded with the psychoactive ingredient, and the poor would drink it for their own trippy experience. The difference between that old story and modern trickle down economics is that in the story, if true at least to some extent, the peasants actually did reap some kind of reward finally. No such evidence exists for the modern economic theory.

Gary Cohn at Regional Media Day (cropped)
Gary “Hands Up” Cohn, Director of the National Economic Council.

 

It’s a good line to trot out as cover for tax cuts for the rich, apparently, and that’s why to sell the latest tax cut package it’s been used again by current presidential administration flacks like Gary Cohn, Director of the National Economic Council and former Goldman Sachs executive. The package passed the U.S. Senate on December 2, and now it awaits reconciliation with a similar package already passed by the House of Representatives. Republican leaders in Congress hope to have the bill ready for the president to sign by Christmas. Happy Holidays! Or Merry Christmas, if you prefer that with your egg nog.

Besides selling the bald-faced lie that the tax package is somehow supposed to benefit any other economic group but the wealthy, through the voodoo of trickling down, Republicans are cramming in several other things before they tie up the package with a nice bow. One is the repeal of the individual mandate from the Affordable Care Act, which will leave 13 million people uninsured. Another is the authorization of oil drilling in the Arctic National Wildlife Refuge in Alaska. And a third is the destruction of the Johnson Amendment, which will be like a Citizens United watershed moment for right wing churches, allowing them to flood political campaigns with money from their congregations without endangering their tax exempt status. Of course, other churches, left wing or neutral, will be able to do the same, but it is the religious right that has long scorned the Johnson Amendment as an impediment to its agenda. Indeed, all three of these additions to the tax package will scratch itches conservatives have been worrying over for years or decades.

 

There are other items added to the basic tax package that will satisfy many conservatives, though surprisingly not all, and not because the tax cuts don’t go far enough, but because they go too far or are misplaced. At a presentation before an auditorium full of CEOs in November, Gary Cohn stressed that the corporate tax cuts in the new package should spur investment, and to prove his point he asked for a show of hands from those present who would increase their company’s investments. A few raised their hands, but not the majority, and certainly not as many as Mr. Cohn apparently expected, because he asked “Why aren’t the other hands up?” before quickly moving on to other business. CEOs elsewhere have also questioned the necessity of the corporate tax cuts, which is to their credit considering how greedily corporate America generally behaves.

Steven Mnuchin official portrait (cropped)
Steven “Mr. Cruella De Vil” Mnuchin, Secretary of the Treasury.

No, the corporate tax cuts in the latest bill are intended to benefit the financial sector, Wall Street. That’s why people like Treasury Secretary Steven Mnuchin and Gary Cohn, creatures of Wall Street, like the bill and defend it. They understand it. It means more money for themselves and their colleagues. They talk about how it will help producers of things produce more and better things, and how it will improve life for the lower orders. They believe none of that, nor do they understand it. They never produced anything. They have no interest in producing anything. They can barely conceal their contempt for people who produce things, and particularly the ones who get their hands dirty doing it.

From the 1940 Disney film Fantasia, the Chinese dancers of Tchaikovsky’s The Nutcracker ballet envisioned as mushrooms very much like the fly agaric kind.

People like Mnuchin and Cohn and the Supreme Leader who appointed them understand only money, meaning the more of it for themselves the better, especially if it means less for everyone else. To move economic metaphors from the latrine to the marina, from trickle down to a rising tide lifts all boats, the Wall Street Greed Heads could follow a better model than trickle down by investing in the bottom, the rising tide. They don’t understand that, however, nor can they spare what little empathy they have for it, and that leaves 99 percent of the country coping with the trickled down policies the Greed Heads do understand, which is all for the few, the one percent.
โ€• Ed.

 

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My Way or the Highway

 

While infrastructure in the United States crumbles from neglect and is starved of public funds needed for its repair, the owners of sports teams seem to have little trouble extracting public funds for what are ultimately private facilities. Most new stadiums, arenas, and ballparks are financed with a mixture of private and public funds, and when a municipality refuses to throw taxpayer money into the pot, team owners threaten and cajole until they either get their way or successfully shop their team to another municipality that will contribute financing to their liking. It’s a corrupt bargain, and the benefits of a new facility for the municipality are not nearly as great as city and team officials would conjure when they are selling the plan to taxpayers.

 

Colosseum in Rome-April 2007-1- copie 2B
The Colosseum in Rome, Italy, at dusk in April 2007; photo by Diliff. The ancient Romans had their bread and circuses, too, but they built things to last.
The National Football League’s Raiders, after long negotiations with Oakland city officials in which the city was prepared to bend over backwards to keep the Raiders, but refused to contribute taxpayer money for a new stadium, will move sometime within the next few years to Las Vegas, Nevada, where city officials bent over backwards and kicked in taxpayer money to help build the team a new stadium. Once the new stadium is built, it won’t be named for the good people of Las Vegas, or the Raiders, or even the team’s owner, Mark Davis, but for a corporation, in the form of advertising sold as naming rights. Tickets and concession stand items for a family of four can cost over two hundred dollars for an afternoon or evening of entertainment. Add to that a higher tax bill for years to come to pay off a luxury with nebulous benefits for the fans and the city, all of it ultimately benefiting a handful of team owners and banks, and it’s a wonder ordinary people put up with it.

 

But put up with it they do and, remarkably, mostly without complaint. People are so rabidly engrossed in their sports team affiliations that they allow greedy team owners and craven city officials to raid the public treasury to finance luxurious private facilities, the revenues from which will mostly go to others, and little to the taxpayers. The ordinary people allow this while they themselves depend on roads, bridges, water supplies, and public facilities that are neglected, derelict embarrassments. They point with a kind of perverse civic pride instead to the new, billion dollar plus stadium or arena or ballpark in their city, a facility which isn’t even their own, despite having helped pay for it. Why do they care a great deal about something that means little, when all about them meaningful things crumble to dust?

 

Through the middle years of the twentieth century, Americans built the great hydroelectric dams and the major roads, including the interstate highway system we rely on still today. In those years, three of the four major sports – football, basketball, and hockey – were peripheral to the lives of most people. Only baseball took a central place, and even it wasn’t the enormous business it is today, with billions of dollars at stake. What changed all that?
Aqueduct of Segovia 02
Aqueduct of Segovia, Spain; photo by Bernard Gagnon.

 

Television and mass media played a part, starting in the 1950s and gathering momentum and power through subsequent decades. The NFL Super Bowl, inaugurated in 1967, is now annually the most watched television event. The next day at work, people buzz with their co-workers about the Super Bowl commercials. Another factor is the lack of civic involvement people feel, particularly in big cities. The 1950s and 1960s gave rise not only to mass media, but mass man and woman as well. Faceless cogs in the corporate machine. One person’s lonely voice doesn’t matter. You can’t fight city hall, and the Chief Executive Officer of your company is out of reach.

 

Via appia
Remains of the Via Appia (Appian Way) in Rome, Italy, near Quarto Miglio; photo by Kleuske.
But you can sing your team’s fight song from your seat in it’s sparkling new stadium, the stadium you may have grumbled about having to pay for, but in the end you didn’t speak up and object. It’s your team, after all, one of the few things you have left to cling to in this uncertain world. Try taking your enormous foam hand with the forefinger raised in a “We’re Number 1” gesture and going to a nearby highway overpass, one where the concrete has crumbled away in spots, exposing the rusting reinforcing bars, and sit underneath that bridge on the sloping concrete revetment, with your enormous foam finger in your team’s colors, and start pointing out to passing motorists the decay all around you, and see where that gets you.
โ€• Ed.

 

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All Honest Work Has Dignity

“No business which depends for existence on paying less than living wages to its workers has any right to continue in this country.” โ€• President Franklin Delano Roosevelt, 1933.

 

Ms. magazine Cover - Fall 2013
Ms. magazine cover – Fall 2013. Cover by Liberty Media for Women, LLC.

 

Whether a person works at a computer in an office or scrubs floors in an office building, all honest work has dignity and deserves respect and the worker deserves a just, living wage. This concept, noted in ethical and religious teachings throughout history, and codified in legal and humanitarian documents in the United States and other countries, has been honored more in the breach lately because of growing income inequality which exalts the obscenely overpaid executive over the line worker on whose back the executive rides. The Fight for $15 movement has shaken up the situation over the past few years, but in the current political climate it appears that raising the minimum wage to a living wage will be left entirely up to the states. It’s similar to the situation of addressing human-induced climate change or greed-induced health care reform, where the federal government is paralyzed by ideologues and corporate shills, and if meaningful action is to be taken at all it has to be taken by the states.

It was in the 1980s that we first started to see many adults, and even some retirees, working in fast food joints on the line, rather than just in management. At the time it was jarring to see the retirees working in that environment, wearing the hideous uniforms and taking orders from people less than half their age. We have since gotten used to the sight as another token of the diminished expectations of the new service economy. The statistics on fast food workers show the average age has increased to 29, up from the 1950s and 1960s when the majority of workers were indeed teenagers. Nevertheless the perception clings of awkward youths working behind the counter temporarily for spending money while they lived with their parents before moving on to maturity in the pursuit of a higher wage American Dream. Nowhere is there a mention in law or religion that a worker’s wages are an unimportant, trifling matter because they are not needed for basic support, but that is the justification service sector companies, and fast food companies particularly, use to explain why they pay a majority of their workers the stingy federally mandated minimum wage, or a tiny bit more.

Fast food workers on strike for higher minimum wage and better benefits (26162729410)
Fast food workers on strike for higher minimum wage and better benefits. Minneapolis, Minnesota, April 14, 2016. Photo by Flickr user Fibonacci Blue.

Charles Wilson at GM
Charles Wilson at GM, 1948. Wilson was the head of General Motors from 1941 to 1953, when President Eisenhower selected him to be Secretary of Defense, a post in which he served until 1957. In 1950, at the height of American economic power, Wilson was the highest paid chief executive in the country at $586,100, or about $5.6 million in modern terms. He paid 73 percent of that income in taxes – $430,350. General Motors in 1950 was a major driver of American prosperity, and its workforce was highly unionized.

What might have been a fair wage for a teenager in the 1950s and 1960s, one who was decidedly uninterested in joining a collective action to seek a higher wage for his or her temporary job, is not a fair wage for an adult supporting an adult’s responsibilities over the long term in 2017. If fast food executives are going to engage in moral relativism regarding the wage scale for their workers, then they need to apply it even after the demographics have changed and no longer work in their favor. They also need to explain how it is they can’t afford to pay their workers more, yet they can pay the typical CEO at a rate 1,200 times that of the average worker, a rate which outstrips the ballooning income inequality throughout the rest of the American economy. It wasn’t like that back in the Good Old Days, back when America was Great. But of course they haven’t addressed those questions. Instead they’ve claimed they’ll have to raise prices, which will drive away customers, which will cause them to drop workers and turn to automation where possible. Is it honest, dignified work then to cheat your employees, to cut corners on your customers, to chisel on your taxes, all so that you can present an attractive financial statement to your shareholders and stuff your own already overflowing pockets with more money?
โ€• Ed.

 

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