Speaking of the colossal failure of corporate media: as Dan Froomkin says,

"You would have no idea just how insane these so-called 'reciprocal' tariffs are from the main stories in your favorite national newspapers and mainstream-media organizations.

#Trump #tariffs #recession #inflation #banks #media
/3

https://criticalread.substack.com/p/mainstream-media-falls-for-trumps

Then there's "the Justice Department under Attorney General Merrick Garland" and "the cowardice and complicity of the Supreme Court and its chief justice, John Roberts."

Not millions of Americans who saw what would happen and did all we could to prevent it: but our corporate leaders, bankers, media moguls, justice system, and the Supreme Court….

They should not be given a pass. They have royally failed us.

#Trump #tariffs #recession #inflation #banks #media
/2

@davidho.bsky.social In case anyone was in doubt about how sociopathic Wall Street bankers are.

Global warming is happening, they say, so invest now in air conditioning stocks!

"The big banks’ acknowledgment that the world is likely to fail at preventing warming of more than 2 degrees Celsius above preindustrial levels is spelled out in obscure reports for clients, investors and trade association members. Most were published after the reelection of President Donald Trump, who is seeking to repeal federal policies that support clean energy while turbocharging the production of oil, gas and coal — the main sources of global warming.
…
"Morgan Stanley’s climate forecast was tucked into a mundane research report on the future of air conditioning stocks, which it provided to clients on March 17. A 3 degree warming scenario, the analysts determined, could more than double the growth rate of the $235 billion cooling market every year, from 3 percent to 7 percent until 2030."

https://www.eenews.net/articles/big-banks-predict-catastrophic-warming-with-profit-potential/

@CelloMomOnCars

Secretly. Not quietly.

Its hidden, its to fool, to prevent alarm, prevent exposure. To profit off us, while stopping us.

Banks SECRETLY preparing to benefit from Climate Chaos, while funding oil, while funding antiscience.

No different from the Trump, erasing climate science, lying about alarms, firing scientists, AND, AT THE SAME TIME, begins efforts to invade two arctic nations.

"Big Banks Secretly Prepare for Catastrophic Warming"
https://www.scientificamerican.com/article/big-banks-quietly-prepare-for-catastrophic-climate-change/

@aral :

I don't want to pay a cent. Neither donate, nor via taxes.

https://infosec.exchange/@ErikvanStraten/114227977082449887

@TheDutchChief @EUCommission @letsencrypt @nlnet

@aral : most Let's Encrypt (and other Domain Validated) certificates are issued to junk- or plain criminal websites.

They're the ultimate manifestation of evil big tech.

They were introduced to encrypt the "last mile" because Internet Service Providers were replacing ads in webpages and, in the other direction, inserting fake clicks.

DV has destroyed the internet. People loose their ebank savings and companies get ransomwared; phishing is dead simple. EDIW/EUDIW will become an identity fraud disaster (because of AitM phishing atracks).

Even the name "Let's Encrypt" is wrong for a CSP: nobody needs a certificate to encrypt a connection. The primary purpose of a certificate is AUTHENTICATION (of the owner of the private key, in this case the website).

However, for human beings, just a domain name simply does not provide reliable identification information. It renders impersonation a peace of cake.

Decent online authentication is HARD. Get used to it instead of denying it.

REASONS/EXAMPLES

Troy Hunt fell in the DV trap: https://infosec.exchange/@ErikvanStraten/114222237036021070

Google (and Troy Hunt!) killed non-DV certs (for profit) because of the stripe.com PoC. Now Chrome does not give you any more info than what Google argumented: https://infosec.exchange/@ErikvanStraten/114224682101772569

https:⧸⧸cancel-google.com/captcha was live yesterday: https://infosec.exchange/@ErikvanStraten/114224264440704546

Stop phishing proposal: https://infosec.exchange/@ErikvanStraten/113079966331873386

Lots of reasons why LE sucks:
https://infosec.exchange/@ErikvanStraten/112914047006977222 (corrected link 09:20 UTC)

This website stopped registering junk .bond domain names, probably because there were too many every day (the last page I found): https://newly-registered-domains.abtdomain.com/2024-08-15-bond-newly-registered-domains-part-1/. However, this gang is still active, open the RELATIONS tab in https://www.virustotal.com/gui/ip-address/13.248.197.209/relations. You have to multiply the number of LE certs by approx. 5 because they also register subdomains and don't use wildcard certs. Source: https://www.bleepingcomputer.com/news/security/revolver-rabbit-gang-registers-500-000-domains-for-malware-campaigns/

@EUCommission @letsencrypt @nlnet

Cheung said 16 #US #banks were operating to some degree in #Canada, w/a cumulative of nearly $79B in assets — a stat that PM Justin #Trudeau, also cited on Tues.

“American banks are alive & well & prospering in Canada,” Trudeau said.

For decades, Canadian political leaders have crowed about that restrictive #financial #regulatory model. They argue that fending off foreign entrants in the country’s #mortgage market helped the country largely avoid the 2008 collapse south of its border.

In light of #Trump’s criticism, Maggie Cheung, a spox for the Canadian Bankers Assn, was quick to point out that foreign #banks were an integral part of the banking landscape.

Many international banks limit themselves to areas that don’t involve lending, such as offering investment advice to wealthy Canadians or local companies.

So #Trump is incorrect in asserting that American #banks cannot do any business in #Canada, but it is true that they are limited in their activities.

While there are >4k banks in the #UnitedStates, Canada has just a few dozen, & >¾ of deposits are held by the Big Six.

Given how dominant #Canada’s homegrown #banks are, any international bank that tries to compete faces “an additional regulatory burden for what would begin as a small prize,” said James R. Thompson, assoc prof of #finance at the U of Waterloo.

The upshot is that #US banks have minimal operations in Canada. The largest American lender, JPMorgan Chase, says it has roughly 600 employees in Canada, out of >300k worldwide.

Additionally, #US #banks are restricted in what they can do in #Canada.

Foreign banks, including American ones, must either work with a Canadian middleman, establish a Canadian subsidiary or receive special government permission to do business. Unless they agree to follow Canada’s stringent banking rules that include holding a hefty sum of cash-like assets in reserve at all times, they cannot operate retail branches that take deposits under around $100k.

#Canada’s #banking sector is dominated by the “Big Six,” the 6 institutions including the Royal Bank of Canada & TD Bank. They are permitted to take deposits, extend mortgages & advise corporate clients—all the core activities for #banks. And Canadian customers disproportionately still prefer to do their banking in person, as opposed to online, meaning it would require a major physical presence for any entrant to attempt to enter the market.