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jerryking : contagions   8

Pentagon Turns to High-Speed Traders to Fortify Markets Against Cyberattack
Oct. 15, 2017 7| WSJ | By Alexander Osipovich.

"What it would be like if a malicious actor wanted to cause havoc on U.S. financial markets?".....Dozens of high-speed traders and others from Wall Street are helping the Pentagon study how hackers could unleash chaos in the U.S. financial system. The Department of Defense’s research arm, DARPA, over the past year and a half has consulted executives at high-frequency trading firms and quantitative hedge funds, and people from exchanges and other financial companies, participants in the discussions said. Officials described the effort, the Financial Markets Vulnerabilities Project, as an early-stage pilot project aimed at identifying market vulnerabilities.

Among the potential scenarios: Hackers could cripple a widely used payroll system; they could inject false information into stock-data feeds, sending trading algorithms out of whack; or they could flood the stock market with fake sell orders and trigger a market crash......Among potential targets that could appeal to hackers given their broad reach are credit-card companies, payment processors and payroll companies such as ADP, which handles the paychecks for one in six U.S. workers, participants said.....The goal of Darpa’s project is to develop a simulation of U.S. markets, which could be used to test scenarios, Such software would need to model complex, interrelated markets—not just stocks but also markets such as futures—as well as the behavior of automated trading systems operating within them....Many quantitative trading firms already do something similar.......
In 2009, military experts took part in a two-day war game exploring a “global financial war” involving China and Russia, according to “Currency Wars: The Making of the Next Global Crisis,” a 2011 book by James Rickards. ....“Our charge at Darpa is to think far out,” he said. “It’s not ‘What is the attack today?’ but ‘What are the vectors of attack 20 years from now?’”
Pentagon  financial_markets  financial_system  vulnerabilities  DARPA  traders  hedge_funds  Wall_Street  hackers  books  rogue_actors  scenario-planning  cyber_security  cyber_warfare  cyberattacks  high-frequency_trading  pilot_programs  contagions 
october 2017 by jerryking
America’s hidden crisis: Men not at work - The Globe and Mail
MARGARET WENTE
The Globe and Mail
Published Saturday, Oct. 15, 2016

The United States’ biggest problem ... is more insidious. Millions of able-bodied men have dropped out of society – out of working life, of civic life, of family life. Many of these men belong to the Trumpenproletariat. How to re-engage them may be the biggest domestic challenge the country faces.

Political economist Nicholas Eberstadt calls these men “the unworking,” to distinguish them from people who want work but can’t find it. “America is now home to a vast army of jobless men who are no longer even looking for work,” he writes. “Roughly seven million of them age 25 to 54, the traditional prime of working life.” His new book, Men Without Work: America’s Invisible Crisis, is essential reading for this election cycle. “For every prime-age man who is unemployed today,” he writes, “another three are neither working nor looking for work.” Most of these men are less educated, and many, particularly blacks, have prison records.... in fact, the work rate has been in decline for two generations. What happened during those decades was a massive shift in cultural values.... “To the extent that non-work is contagious, it is likely to grow exponentially rather than at a linear rate.” If current trends continue, he expects that more than one-third of all men in the 25-54 age group will be out of work by mid-century. That is a truly terrifying prospect – as well as fertile soil for toxic populism.

At its root, the collapse of the working class isn’t so much economic as it is social, moral and spiritual. This means that economic remedies will only take us so far. Marriage rates for less-educated men have plunged – and unmarried men are far more likely to opt for unwork. The percentage of babies born to unmarried parents has soared. Working-class whites have largely abandoned church (while church attendance among higher-income whites has stayed relatively high). Family and community networks have dissolved [JCK: the fraying of what David Brooks would call, the "social_fabric"].
Margaret_Wente  unemployment  men  joblessness  working_class  social_classes  social_fabric  Larry_Summers  job_destruction  participation_rates  addictions  opiates  socioeconomic  habits  values  books  unworking  populism  social_crisis  moral_crisis  spiritual_crisis  cultural_values  whites  contagions  exponential 
october 2016 by jerryking
What We’re Afraid to Say About Ebola - NYTimes.com
By MICHAEL T. OSTERHOLMSEPT. 11, 2014

THE Ebola epidemic in West Africa has the potential to alter history as much as any plague has ever done.

There have been more than 4,300 cases and 2,300 deaths over the past six months. Last week, the World Health Organization warned that, by early October, there may be thousands of new cases per week in Liberia, Sierra Leone, Guinea and Nigeria. What is not getting said publicly, despite briefings and discussions in the inner circles of the world’s public health agencies, is that we are in totally uncharted waters and that Mother Nature is the only force in charge of the crisis at this time.

There are two possible future chapters to this story that should keep us up at night.

The first possibility is that the Ebola virus spreads from West Africa to megacities in other regions of the developing world. This outbreak is very different from the 19 that have occurred in Africa over the past 40 years. It is much easier to control Ebola infections in isolated villages. But there has been a 300 percent increase in Africa’s population over the last four decades, much of it in large city slums. What happens when an infected person yet to become ill travels by plane to Lagos, Nairobi, Kinshasa or Mogadishu — or even Karachi, Jakarta, Mexico City or Dhaka?

The second possibility is one that virologists are loath to discuss openly but are definitely considering in private: that an Ebola virus could mutate to become transmissible through the air. You can now get Ebola only through direct contact with bodily fluids. But viruses like Ebola are notoriously sloppy in replicating, meaning the virus entering one person may be genetically different from the virus entering the next. The current Ebola virus’s hyper-evolution is unprecedented; there has been more human-to-human transmission in the past four months than most likely occurred in the last 500 to 1,000 years. Each new infection represents trillions of throws of the genetic dice.
Ebola  epidemics  viruses  flu_outbreaks  contagions  West_Africa  developed_countries  uncharted_problems  megacities  developing_countries 
september 2014 by jerryking
U.S. Intelligence Unit Aims to Build a ‘Data Eye in the Sky’ - NYTimes.com
October 10, 2011 | NYT | By JOHN MARKOFF.

The government is showing interest in the idea. This summer a little-known intelligence agency began seeking ideas from academic social scientists and corporations for ways to automatically scan the Internet in 21 Latin American countries for “big data,” according to a research proposal being circulated by the agency. The three-year experiment, to begin in April, is being financed by the Intelligence Advanced Research Projects Activity, or Iarpa (pronounced eye-AR-puh), part of the office of the director of national intelligence.

The automated data collection system is to focus on patterns of communication, consumption and movement of populations. It will use publicly accessible data, including Web search queries, blog entries, Internet traffic flow, financial market indicators, traffic webcams and changes in Wikipedia entries.

It is intended to be an entirely automated system, a “data eye in the sky” without human intervention, according to the program proposal. The research would not be limited to political and economic events, but would also explore the ability to predict pandemics and other types of widespread contagion, something that has been pursued independently by civilian researchers and by companies like Google.
massive_data_sets  MIT  security_&_intelligence  Thomas_Malone  data  automation  human_intervention  pandemics  contagions 
october 2011 by jerryking
To fix the economy, tell the right stories
May 14, 2009 | Globe and Mail | by ROBERT SHILLER

World confidence can return if the population's thinking co-ordinates
around some inspiring story beyond that of the price increases
themselves. In Shiller's book with George Akerlof, Animal Spirits, they
describe the ups and downs of a macroeconomy as being substantially
driven by stories. Such narratives, especially those fuelled by
accessible human-interest stories, are the thought viruses whose
contagion drives the economy. The contagion rate of stories depends on
their relation to feedback, but plausible stories have to be there in
the first place. The narratives have substantial persistence in that
they affect our views.
storytelling  economic_downturn  ideas  Communicating_&_Connecting  jck  Robert_Shiller  economics  confidence  macroeconomics  inspiration  ideaviruses  contagions  narratives  economic_dynamism  leaps_of_faith 
may 2009 by jerryking

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