On October 29, 1969, professor Leonard Kleinrock and a team at the University of California at Los Angeles got a computer to "talk" to a machine in what is now known as Silicon Valley. The event gave birth to a network that later became known as the internet -- hailed at first as a boon to equality and enlightenment, but with a dark side that has emerged as well. As UCLA marks the anniversary, Kleinrock is opening a new lab devoted to all things related to the internet -- particularly mitigating some of its unintended consequences on the internet which is now used by some four billion people worldwide. "To some point it democratizes everyone," Kleinrock told AFP. "But it is also a perfect formula for the dark side, as we have learned." So much is shouted online that moderate voices are drowned out and extreme viewpoints are amplified, spewing hate, misinformation and abuse, he contended. "As engineers, we were not thinking in terms of nasty behavior," said Kleinrock, 85. "I totally … [Read more...] about 50 years after internet conception, dark side stirs fear
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LOS ANGELES: US authorities on Thursday (Aug 22) announced charges against 80 people, most of them Nigerians, in a wide-ranging fraud and money laundering operation that netted millions of dollars from victims of internet con jobs.Federal prosecutors unsealed the dozens of indictments after 17 people were arrested and taken into custody in Los Angeles and elsewhere in the United States.Most of the remainder of those indicted were believed to be in Nigeria, the US Justice Department said.The suspects allegedly targeted the lovelorn, the elderly, and small and large businesses, using a variety of scams to persuade their victims to send money over the internet."Some of the victims of the conspiracy lost hundreds of thousands of dollars to fraud schemes, and many were elderly," the Justice Department said.The indictment alleges that at least US$6 million in fraudulently obtained funds were transferred through a money-laundering network run by two Nigerians - Valentine Iro, 33, and Chukwudi … [Read more...] about US charges 80 in internet fraud and money laundering scheme
By Jason Zweig WSJ Fri., May 3, 2019 Charlie Munger is a living reminder that to be a great investor, you must be a great learner. Listening to the vice chairman of Berkshire Hathaway Inc., as my colleague Nicole Friedman and I did on a visit to his Los Angeles home in late April, you would never guess that one of the world’s greatest investors is 95 years old—or that he is nearly blind, or that he can barely walk without severe back pain. Mr. Munger has a superabundance of stamina, curiosity and concentration that many people a third his age would envy. Nicole and I—along with Mr. Munger’s friend Peter Kaufman, chief executive of Glenair Inc., an aerospace-parts manufacturer in Glendale, Calif.—were there to talk with him about his obsession with designing buildings for schools and other nonprofits. But Mr. Munger was there to talk about anything on his mind, which is just about everything. His favorite activity, he says, is figuring out … [Read more...] about Dinner with Charlie: the world according to Mr. Munger
Ivanka and Jared. Sun King splendor and SoCal chic. Soft breezes -- and hard numbers. Yes, this must be Milken Fest. Each April, billionaires and mere multimillionaires flock to Beverly Hills to mingle, think deep thoughts and buff their platinum Rolodexes. And so this week, the private jets returned again, carrying a Who’s Who of Wall Street financiers, technorati and Washington insiders to the annual Milken Institute Global Conference. As even mere mortals know, the after-party is where the real action happens. And so it is at the Davos of the West, where Michael Milken, once of junk-bond infamy, has presided in Hollywood splendor for more than two decades. Some 4,000 masters of the universe -- and those cozying up to them -- have descended upon the conference, which runs through Wednesday. The days are filled with panels on reinventing the financial sector, navigating the impacts of Brexit, combating obesity in the workplace, dealing with cyber attacks by foreign governments … [Read more...] about Life on Milken’s edges: After-parties, yoga at dawn, puppies
By Chris Barton Los Angeles Times Mon., April 29, 2019 So who had “Game of Thrones will just wrap up its whole Night King/humanity-unifying climate change allegory in 82 minutes” in their office pool? After all the talking that until now made up the final season of HBO’s fantasy blockbuster, the Battle of Winterfell arrived with a vengeance Sunday night. But for all the bad omens, fond farewells and seeming inevitability of mass casualties (imagined by at least one viewer, anyway), the great war ended on the side of humanity with Arya killing the Night King (and everyone else in his army) with her Valyrian steel dagger. Needless to say, Arya doesn’t pay for a meal anywhere in Westeros the rest of her life — at least until she meets whatever’s ahead in sunny King’s Landing. But before getting too far into the lethal blow that came at the precise, telegenic moment when all seemed lost for the humans of the North, it’s worth … [Read more...] about Game of Thrones’ Battle of Winterfell stuck its landing. What happens next?