David Sirota
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Cybercriminals reportedly hack unnamed hedge fund. Here's why that matters to the rest of us
If, like Mark Cuban, you think high frequency trading is one big hack of an electronic system, it should be no surprise that the financial sector is also susceptible to more direct forms of cybercrime.
By
David Sirota
, written on From the News desk
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Washboard wants you to pay $15 to get $10
It used to be that, margin-wise, making money off of money was one of the most lucrative games in town. From currency trading to capital gains to straight-up usury, the business of skimming cash off financial transactions has been one of the most tried and true paths to riches.
By
David Sirota
, written on From the News desk
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The big money and profits behind the push for charter schools
At this point, it should be fairly obvious why the technology industry is so high on so-called education "reform." More computer-based standardized tests and online learning means more opportunity for the industry to sell its wares to school districts.
By
David Sirota
, written on From the News desk
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How corruption can distort your state's budget and economy
As regular Pando readers know, I’ve spent the last few months digging through financial documents and political disclosures from some of the most notoriously corrupt political arenas in America. From Kentucky to New Jersey to Chicago, these are places known in the political world as the lowest of the low.
By
David Sirota
, written on From the News desk
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Can police mimic the NSA and retain computer data forever? Not according to a new court ruling
In the last year, we've learned that the National Security Agency's "collect it all" policy has the spy organization vacuuming up untold amounts of metadata and storing it for between a year and forever (we've also recently been told the NSA is so complex it can't even know whether some of the data is actually being deleted).
By
David Sirota
, written on From the News desk
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How simpler language might increase the use of encryption and secure email
Amid allegations that telecom and tech companies helped the National Security Agency sweep up user data, those companies could lose serious money. Indeed, studies show that they could lose somewhere between $35 billion and $180 billion as privacy- and security-seeking customers move business to companies and countries that are perceived to be more protected from the NSA’s panopticon.
By
David Sirota
, written on From the News desk
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Warren Buffett's warning to SF spotlights the dangers of Wall Street's "alternative investment" schemes
As the process of financializing the American economy accelerates, high-flying private equity executives, venture capitalists, and hedge funds managers are increasingly reaching their tentacles into everything. From tech to energy to health care, you name the sector and a so-called alternative investment company and its profit-taking fees are usually lurking somewhere in corporate financial statements.
By
David Sirota
, written on From the News desk
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Comcast's public WiFi plan raises a big question about its proposed Time Warner merger
As Comcast works to guarantee smooth regulatory sailing for its proposed merger with Time Warner Cable, the company is trying to swap its reputation as a heavy-handed monopolist for an image that's a bit warmer and fuzzier.
By
David Sirota
, written on From the News desk
