Today Indian announced the successful completion of the first patrol by their INS Arihant, a 6000 ton ballistic nuclear missile submarine (archived). India joins the US, Russia, UK, France, China, Pakistan, and probably Israel* as the 8th, or maybe 7th active operator of a nuclear triad composed of land, air, and sea based nuclear weapons deployment platforms.
US Secretary of State Mike Pompeo is begging China to "act like a normal nation" and avoid capturing developing nations in a debt trap leading to decades of pain widely distributed around the world (archived). This appeal seemingly crafted to tear at the heartstrings is void of a certain necessary context: Trapping developing nations in debt and amplifying their pain is the US and EU's schtick and they would very much like China to step back and get out of their way.
Chinese foreign investment isn't always without controversy where it occurs, but it tends to have a transparency the old IMF scheme lacked. Raw materials for otherwise inaccessible finished goods is a rather kind deal compared to what was on offer before.
The FBI patsy arrested in the recent bombing hoax has been identified as Filipino American Cesar Altieri Sayoc.1 Law enforcement and media reports are continuing to identify Sayoc as "white" in their statements. The education section of his LinkedIn profile is quoted in full below. In it he clearly self identifies as an Asian American.
Brevard College, N.C./Univ of N.C. at Charlotte
Field Of StudyBusiness, Finance, Economics , Biology,, Veterinary Medicine Graduate 2021 from High Point Univ.
Dates attended or expected graduation1980 – 1984
Career decision of becoming a Horse Doctor was always a love for animals, which were here first and never do anything to anyone. And respect all living things. My family very sound Sayoc name in Medical field Grandfather Col. Baltazar Zook Sayoc that perfect the conversion oriental eye to Americanize. The first plastic surgeon to be observed by 8 million people in NY city Hospital. He over through Communist Philippines liberated island. He built all hospitals in Philippines islands and sets standards highest level. Most surgeon use his instruments which are patented. And a lot surgeon use today. Also Sayoc intl. schools marshals arts Kali that used to over throw communist party . Also one 5 Hero's disciplinary my mother Madeline Sayoc Giardiello First president Pharmacy Cosmetic Association, Who Who Business Women of Year, Soul buyer consultant for Home Shopping Network, head number 1 marketing consul in World Aventura Marketing consul, up for city counsel women Aventura,
How much time it takes for outrage to build over professional "Law Enforcement" failing to respect Sayoc's own ethnic self identification remains to be seen.
He goes by simply Cesar Altieri on his Linkedin ↩
Misfortune continues very publicly following Ghost Gunner Guy Cody Wilson as his effort to rent an apartment in Taiwan was thwarted by a rental agency which took his deposit and then reported him to local police presumably keeping the deposit in the process (archived). At the time Wilson was charged in Tavis County, Texas for crimes related to employing a sex worker he happened to have the fortune of incidentally being in Taiwan rather than the United States proper. Though Taiwan, the USG's unsinkable aircraft carrier, lacks an extradition treaty with the US there is a substantial likelihood Wilson will be deported to the US with the same effect should he interact with the local police.
An investigation into the complete and systematic destruction of the US CIA's network of human assets in China which began in 2010 is pointing at the agency's communications system and hygeine as a substantial factor that aided the Chinese spy hunt (archived). The agency was afflicted by arrogance and lifted the system they had been using successfully in Middle East operations without giving much thought to the reality that China is an emerging power that managed to capture the bulk of the world's manufacturing within a generation, and perhaps China was more technologically sophisticated than the pashtuns embarassing them in the middle east.
The rapidly compromised spy communications network, arrogance concerning the security of the network, with the possible extra insult of one alleged defector broke the agency.
The Bangkok post reports that 22 year old Finnish man Aarni Otava Saarimaa allegedly gave a fortune of 5564.4 Bitcoins to a group of Thai men offering him the opportunity to invest in an online casino and an altcoin project they dubbed "Dragon Coin" (archived). Reportedly the Thai men instead converted the fortune into 797 million bhat of which 745 million bhat made it into their bank accounts. In a very Tradehillesque move, many of those bhat were further converted to real estate.
Local police have arrested a number of Thai men for connection to the plot while others they would like to arrest have fled, including one to the United States. Local police are insisting that despite earlier local reports which alleged a number of local politicians were involved, there were no politicians involved in fingering the Finn's Fortune.
A story which circulated last month where a South Korean firm declared they found wreckage of a Russian warship containing tons of gold appears to have been an altcoin fraud with the firm planning to create an altcoin backed by non-existent sea gold (archived). The firm allocated a rather specific value to the sea floor find without actually providing evidence of the alleged find's size, and an affiliate in Signapore began issuing an altcoin against that value.
Semiconductor Fabricator TMSC annouced that they were hit with a virus that multiple pieces of their production operation in Taiwan. TMSC alleges the virus entered their systems as they were installing software for a new tool. TMSC's full announcement:
Issued by: TSMC
Issued on: 2018/08/05
Hsinchu, Taiwan, R.O.C., Aug 5, 2018 – TSMC today provided an update on the Company’s computer virus outbreak on the evening of August 3, which affected a number of computer systems and fab tools in Taiwan. The degree of infection varied by fab. TSMC contained the problem and found a solution. As of 14:00 Taiwan time, about 80% of the company’s impacted tools have been recovered, and the Company expects full recovery on August 6.
TSMC expects this incident to cause shipment delays and additional costs. We estimate the impact to third quarter revenue to be about three percent, and impact to gross margin to be about one percentage point. The Company is confident shipments delayed in third quarter will be recovered in the fourth quarter 2018, and maintains its forecast of high single-digit revenue growth for 2018 in U.S. dollars given on July 19, 2018.
Most of TSMC’s customers have been notified of this event, and the Company is working closely with customers on their wafer delivery schedule. The details will be communicated with each customer individually over the next few days.
This virus outbreak occurred due to misoperation during the software installation process for a new tool, which caused a virus to spread once the tool was connected to the Company’s computer network. Data integrity and confidential information was not compromised. TSMC has taken actions to close this security gap and further strengthen security measures.
The US Department of "Justice" has charged a Chinese man, Micheal Yin of Beijing, with 14 felony charges of securities fraud in the Southern District of New York. Yin is alleged to have traded shares of Lattice Semiconductor using non-public information. A second man, Benjamin Chow who worked for a private equity firm in Palo Alto is alleged to be the source of the information following Chow's own guilty plea. The full text is below: Continue reading
Chinese automotive and technology giant BYD annouced plans to operate the largest rechargable battery factory in the world by the end of the year. English language publications are drawing comparisons to Tesla and their "gigafactory" painting BYD as a fellow alternate, Chinese Universe startup competing with Tesla (archived). This popular English language posturing ignores BYD's established position selling conventionally fueled vehicles and industial equipment inside and outside of China .