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Friday Morning: Looks Like We Made It!

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Looks like we survived the first business week of the year, made it through floods and fire and other apocalyptic events. Can’t imagine what next week will bring at this rate.

Saudi Arabia may sell shares in oil producer Aramco
Listing Aramco could create the most valuable company in the world, worth over a trillion in U.S. dollars. The move may raise cash to pay down some of the Saudi government’s debt, but it opens the oil producer to public scrutiny. Would it be worth the hassle?

With Russia increasingly eating into Aramco’s market share of China, and OECD countries’ oil consumption falling, selling shares in Aramco may not raise enough cash as its revenues may remain flat. Prices for utilities have already been raised within Saudi Arabia, shifting a portion of expenses to the public. What other cash-producing moves might Saudi Arabia make in the next year?

Detroit’s annual Autoshow brings VW’s CEO for more than a visit to tradeshow booth
Looks like Volkswagen’s Matthias Mueller will be tap dancing a lot next week — first at the 2016 North American International Auto Show, which unofficially opens Sunday, and then with the Environmental Protection Agency.

What’s the German word for “mea culpa”? Might be a nice name for a true “clean diesel” vehicle.

Data breaches now so common, court throws out suit
You’re going to have to show more than your privacy was lost if you sue a company for a data breach. Judge Joanna Seybert for U.S. District Court for the Eastern District of New York dismissed a class action suit against craft supplies retailer Michael’s last week, writing that lead plaintiff “has not asserted any injuries that are ‘certainly impending’ or based on a ‘substantial risk that the harm will occur.” Whalen’s credit card had been used fraudulently, but she wasn’t liable for the charges.

Annoyingly, Clapper v Amnesty International USA was used as precedent, much as it had been in last summer’s suit against Home Depot for a data breach. At this rate, retailers will continue to thumb their noses at protecting their customers’ data, though identity theft-related losses amount to more than all other property theft losses combined [pdf].

Don’t forget China: DOJ raids Chinese hoverboard company’s stall at CES 2016
I can’t find any previous examples of law enforcement conducting a raid at a trade show — if you know of one, please share in comments. The Department of Justice’s raid yesterday on Changzhou First International Trade Co.’s booth at CES 2016 doesn’t appear to have precedent. Changzhou’s hoverboard product looks an awful lot like Future Motion’s Onewheel, which had been the subject of a Kickstarter project. The Chinese hoverboard was expected to market for $500, versus the Onewheel at $1500.

Makes me wonder if there are other examples of internet-mediated crowd-funded technology at risk of intellectual property theft.

Pass the Patron. I’m declaring it tequila-thirty early today.

Thursday Morning: Chinese Fortune Not Looking Good

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If I was still a practicing Catholic, I’d be tempted to pray to St. Angela of Foligno today, her saint’s day. She was known for walking away from wealth and practicing charity. Given the Chinese stock market’s plummet overnight, St. Angela might be the right guide for this leg of the journey.

China halts stock trading after market sinks more than 7%
Second time this week trading has been suspended in China, with free fall blamed on Chinese currency, lower oil prices, economic slowdown. Some also blame North Korea’s nuclear test, but anecdotes from Pacific Rim region suggest news about the test did not receive the same level of attention across Asia as in U.S. Not much feedback at the time this post was written in news media about response to market by China’s leadership.

Richard Perle’s long tail seen in North Korea
Worth revisiting an analysis on North Korea’s nuclear program written last January by Siegfried Hecker of Stanford University’s Center for International Security and Cooperation (CISAC). I agree with Hecker’s assessment, only surprised he didn’t name Richard Perle specifically for the cascade of diplomatic fail on North Korea that began under the Bush administration.

Self-driving cars, now self-driving passenger drones?
At CES 2016, China’s Ehang Inc. showed off a single-passenger drone, launched by commands entered on a tablet. The drone has no backup controls, which sounds scary as hell for a passenger flying 1000-1600 feet above the ground at +60 miles per hour. I can hear George Jetson screaming, “Jane! Stop this crazy thing!” even now. FAA would be insane to permit these devices in the U.S.

Unnamed sources say VW may buy back polluting cars sold in U.S.
This report could be a trial balloon floated by Volkswagen to see if a buy-back or a hefty discount on a new car will appease U.S. owners of so-called “clean diesel” vehicles. Is this really a satisfactory remedy to fraud?

Rethinking Saudi Arabia’s future in a time of cheap oil
Another worthwhile read, if a bit shallow. It’s time to model not only Saudi Arabia’s future, but a global economy no longer dependent on oil; what risks are there for OPEC countries if they cannot depend on increasing oil revenues? Could political instability spread across Central and South America as it has in the Middle East and Africa? How will climate change figure into the equation, as it has in Syria? And then back to economic unease in China, where the market has reacted negatively to lower oil prices.

I’m out of pocket this morning, will check in much later. Talk amongst yourselves as usual.

Tuesday Morning: Wow, You Survived Business Day 1

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The post-holiday season debris field continues to thin out, making its way by the truckful to the landfill. I wonder how much oil the season’s plastic wrappings consumed.

Here’s what the trash man left behind this morning.

Hackers caused power outage — the first of its kind?
Marcy’s already posted about the electrical power disruption in Ukraine this past week, labeled by some as the first known hacker-caused outage. I find the location of this malware-based outage disturbing due to its location in western Ukraine. Given the level of tensions with Russia along the eastern portion of the country, particularly near Donetsk over the past couple of years, an outage in the west seems counterintuitive if the hackers were motivated by Ukraine-Russian conflict.

And hey, look, the hackers may have used backdoors! Hoocudanode hackers would use backdoors?!

Fortunately, one government is clued in: the Dutch grok the risks inherent in government-mandated backdoors and are willing to support better encryption.

‘Netflix and chill’ in a new Volvo
I’ve never been offered a compelling case for self-driving cars. Every excuse offered — like greater fuel efficiency and reduced traffic jams — only make greater arguments for more and better public transportation.

The latest excuse: watching streaming video while not-driving is Volvo’s rationalization for developing automotive artificial intelligence.

I’m not alone in my skepticism. I suspect Isaac Asimov is rolling in his grave.

US Govt sues pollution-cheater VW — while GOP Congress seeks bailout for VW
WHAT?! Is this nuts or what? A foreign car company deliberately broke U.S. laws, damaging the environment while lying to consumers and eating into U.S.-made automotive market share. The Environmental Protection Agency filed suit against Volkswagen for its use of illegal emissions control defeat systems. The violation of consumers’ trust has yet to be addressed.

Thank goodness for the GOP-led House, which stands ready to offer a freaking bailout to a lying, cheating foreign carmaker which screwed the American public. Yeah, that’ll fix everything.

Remember conservatives whining about bailing out General Motors during 2008’s financial crisis? All of them really need a job working for VW.

Massive data breach affecting 191 million voters — and nobody wants to own up to the database problem
An infosec researcher disclosed last week a database containing records on 191 million voters was exposed. You probably heard about this already and shrugged, because data breaches happen almost daily now. No big deal, right?

Except that 191 million voters is more than the number of people who cast a vote in 2012 or even 2008 presidential elections. This database must represent more than a couple election cycles of voter data because of its size — and nobody’s responding appropriately to the magnitude of the problem.

Nobody’s owning up to the database or the problem, either.

Here’s a novel idea: perhaps Congress, instead of bailing out lying, cheating foreign automakers, ought to spend their time investigating violations of voters’ data — those folks that put them in office?

Any member of Congress not concerned about this breach should also avoid bitching about voter fraud, because hypocrisy. Ditto the DNC and the Hillary Clinton campaign.

Whew, there it is, another mark on the 2016 resolution checklist. Have you checked anything off your list yet? Fess up.

Timeline: Is Volkswagen’s ‘Bug’ an EU Feature? [UPDATED]

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[photo: macwagen via Flickr]

[photo: macwagen via Flickr]

Reports this last week that Volkswagen deployed “defeat devices” — software designed to cheat diesel passenger vehicle emissions controls tests — revealed more than an automobile manufacturing group run amok. One might suspect European Union’s emissions governance after looking at a timeline of events.

NOTE: This timeline is in progress and is subject to updating as new items are identified. [Update 7:00 pm EDT – note added about translation, and note added to citation [4]]

— 1970 —
February 1970 — The Council of the European Communities issued the Council Directive 70/156/EEC, which established a mutual baseline for technical specifications of vehicles sold across the member states. This included 3.2.20. Measures taken against air pollution.

— 1992 —
July 1992 — The first standard for passenger vehicle emissions, Euro 1 through 6, is implemented. Level Euro 1 for new diesel-fueled vehicles limited emissions of carbon monoxide (CO) to 2.72 grams per kilometer, with no initial limit on nitrous oxides (NOx) alone, but a combined limit of hydrocarbon+nitrous oxides (HC+NOx) at 0.97 g/km.

— 2004 – 2009 —
Dates Vary — Vehicle manufacturers phased in the remaining Euro 4 through 6 emissions standards.

19 October 2004 — European Environment Agency published a press release, Poor European test standards understate air pollution from cars, which summarized the problem:

Inadequate test standards are underestimating emissions of harmful air pollutants from new cars and evidence indicates that many diesel car owners are making things worse by modifying their engines to increase power, the European Environment Agency warned today.

No specific orders or directions were offered to resolve the problem with emissions test standards.

— 2007 —
(Month TBD) — Volkswagen subsidiary Audi launched its “Truth in Engineering” ad campaign. This tagline remains in use to present.

— 2008 —
(Month TBD) — VW announced its “Clean Diesel” (TDI model) technology, and began selling it in 4-cylinder diesel Jetta, Beetle, Audi A3, and Golf cars to the US market.

(Month TBD) — Green Car Journal named VW’s 2009 Jetta TDI “Green Car of the Year.”

— 2009 —
September 2009 — European emission standard Euro 5a for diesel passenger vehicles enacted, limiting CO to 0.50 grams per kilometer, NOx to 0.180 g/km , and HC+NOx to 0.230 g/km.

These levels are a reduction from Euro 4 standard implemented in January 2005 (CO=0.05, NOx=0.25, HC+NOx=0.30). Read more →