Tuesday, April 23, 2013

Anonymous and Libertarians Protest CISPA; Tech Giants Don't Give a Damn


About 400websites are taking part in an online blackout today to protest the Cyber Intelligence Sharing and Protection Act(CISPA)

The web-based demonstration, organized by the hacktivist organization, Anonymous, is not likely to interfere with the average web user's day, unless that user frequently posts funny videos on Reddit. 

CISPA, a controversial bill that aims to boost cybersecurity by removing legal barriers that prevent tech companies and the government from sharing sensitive information about web users, sailed through the Houselast week, despite strong opposition from privacy groups and President Barack Obama, who is threatening to veto the current version of the bill. Early last year,  the StopOnline Piracy Act (SOPA) and the Protect IP Act (PIPA), two online copyright enforcement bills, spurredwidespread blackouts involving more than 7,000 websites and tech giants, including Wikipedia and Google, yet the biggest websites willing to take a public stand against CISPA merely include various subsections of Reddit and a Facebook page for the Libertarian party

"Unfortunately, there have not been any confirmed reports of larger companies joining the protest," says a spokesperson for Anonyops, a website that reports news on the activities of Anonymous. "SOPA threatened to take down websites that even linked to copyright infringed material, so for companies that allow their users to post freely on their sites [like Facebook, Google+, and Reddit] this would have been devastating. CISPA mostly effects the user's of these services, and doesn't cut into profits of these big companies, and let's face it, that's why they're a business, to make a profit."

"We've been running ads against CISPA for the past few months, but we didn't think the timing was right for us to participate in today's blackout," says Erik Martin, general manager at Reddit, the social news site. "We're going to plan more action closer to the vote in the Senate, but in the meantime, the [independently controlled] subreddits are becoming kind of a lab for how you raise awareness on something important like this. Some of them are blackedout, others are posting about it."

Molly Schwoppe, a spokesperson for the Libertarian party, tells MotherJones that the party is "vehemently opposed to CISPA" but refused to confirm whether or not the Facebook page holding the blackout officially belonged to the party.

CISPA was first introduced in late 2011 by Rep. Michael Rogers (R-Mich.), but the measure failed to advance through the Senate. Rogers and Rep. Dutch Ruppersberger (D-Md.) reintroduced the bill in February of this year.  Dozens of civil-liberties-minded groups have cried foul and opposed the bill on the grounds that it delivers personal information like emails and Internet records straight to the hands of the government, which could freely use all this information for vague national security purposes. 

"This bill undermines the privacy of millions of Internet users" Rainey Reitman, activism director for the Electronic Frontier Foundation said in a press release. The Obama administration last week declared that it "remains concerned that the bill does not require private entities to take reasonable steps to remove irrelevant personal information when sending cybersecurity data to the government or other private sector entities."
But privacy concerns may not be enough to stop the bill. 

CISPA supporters spent 140 times more money on lobbying for the bill that its opponents, according to the SunlightFoundation. Big-name companies that openly support CISPA include AT&T, Intel, IBM, Time Warner Cable, and Verizon, and other tech giants are  quietly on board, including Google and Facebook, which released a statement arguing that "if the government learns of an intrusion or other attack, the more it can share about that attack with private companies (and the faster it can share the information), the better the protection for users and our systems." Facebook also claims that if shares data with the government, it will safeguard user information. 

Anonyops isn't so optimistic. "Do I find it hypocritical [that tech companies are supporting CISPA]? It could be seen that way, after all," its spokesperson says. "These companies do have privacy policies, which is the very thing that CISPA would basically make void."

Source: motherjones

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Apple (AAPL) Profit Beats Forecast


AppleInc. [NASDAQ: AAPL] reported better than expected earnings for the second quarter, but hinted at the sum of all fears on Wall Street as it revealed disappointing guidance for the next quarter.

The company's earnings release after the financial markets closed on Tuesday announced an increase in a stock buyback program to $60 billion from $10 billion. Apple increased its dividend by 15 percent to $3.05 a share.
Apple announced revenue of $43.6 billion in the second quarter, higher than the $42 billion expected on sales of 37.4 million iPhones and 19.5 million iPads. But it said that sales for the coming quarter will be $33.5 billion to $35.5 billion, below the $38.25 billion Wall Street was forecasting.
The stock was up about 5 percent in after-hours trading to about $426.
"I think it really comes down to the stock buyback and dividend overruling the earnings," said JJ Kinahan, chief derivatives strategist of TDAmeritrade. "The earnings were good, not great. But the fact that they announced an expanded stock buyback program and increased dividend per share per quarter sent the stock price up."
The company's stock had taken a beating in recent weeks, falling more than 13 percent since the last earnings report in January. It's down 40 percent from its peak last fall amid reports that the tech giant is losing its mojo and has new no exciting products like the iPad or iPhone to offer. Still, Apple is one of the most profitable companies in the U.S., earning $13 billion in the quarter ended in December.
The company reported profit fell 18 percent to $9.55 billion in the last quarter.
"Expectations are so low, they actually had a chance to beat the street," said Kinahan.
BrianColelloMorningstar senior equity analyst, said he was looking for three aspects of the earnings report on Tuesday.
The first, of course, is the tech company's revenue and sales figures for the first three months of the year. This report is the first time that Apple has given a range for its revenue forecast, instead of a conservative forecast.
"There wasn't a big expectation for upside or a massive earnings beat," Colello said.
The second item Colello is its outlook for the next quarter. However, because Apple does not reveal the timing of its new product releases, an earnings outlook would be a wildcard.
"If it's an especially weak outlook, certainly it would be bad, but if a new iPhone were to come out in July, it would be more palatable," Colello said.
He expected June's forecast to be worse than March, especially for the iPhone, because many customers will be holding off for a possible new model.
However, Colello expects continued sales of the iPad ahead for students and educators ahead of the back-to-school shopping season.
Colello expected around 36 to 37 million iPhone sales in the last quarter and 17 to 18 million iPads.
Apple announced that it sold 37.4 million iPhones compared to 35.1 million a year ago. The firm sold 19.5 million iPads in the quarter, up from 11.8 million a year ago.
The last announcement that many investors expected Apple to make was a dividend of stock buyback to use its pile of cash, which was reported to grow as large as $170 billion by the end of the year.
Peter OppenheimerApple's CFO, announced that its ending cash balance is $145 billion for the quarter.
The company also announced gross margin of between 36 and 37 percent.
Kinahan said Wall Street analysts had hoped for gross margin of about 40 percent.
Source: abcnews

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Sunday, April 21, 2013

YouTube video showing possible 420 rally shooting suspect shared by Denver police


YouTube video shared by Denver police Sunday afternoon may show one of the two suspects thought to be responsible for the shooting that injured three people during the 420 rally in Denver's Civic CenterPark.
Three people were injured in the shooting and Denver police had been asking for photos or videos from rally attendees that might show the shooting or the suspects.
According to police, the best images of the suspect are visible about six seconds into the almost two minute video. It shows a black male with a brown and white checkered shirt, who is standing between a man in a red shirt and a man in a white hat.
"We are seeking this individual as we believe he assisted the primary suspect after the shooting," police said.
The primary suspect in the shooting was described as wearing a blue hat, gray sweatshirt and black pants.
A man and woman, between 20 and 30 years old, were shot in the leg, Denver police said. Their injuries were considered non-life-threatening.
A third victim, a juvenile, was grazed by a bullet and walked into a nearby hospital, police tweeted.
On Sunday, the case was turned over to the Denver Police Department'sGang Unit.
Source: thedenverchannel
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