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Jamie Dimon On The End Of Trading: "The Battle Is More In The Tech World Than In Having Brilliant Traders"

The world of trading, as generations of traders knew it, is over, and it took a timestamp from Jamie Dimon to make it official: "The battle is more in the tech world at this point than in having brilliant traders."





And so, in a world in which being a better trader - i.e. outsmarting everyone else - no lon

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ger matters as the market is now hopelessly broken by central banks, and instead just speed and the ability to frontrun orderflow is relevant, it is no surprise that JPMorgan was reserved in its Q3 revenue outlook, which while set to rise 10% in Q3 - only due to a base effect - will continue the recent trend of disappointing trading revenue



"We’re not jumping for joy," JPM CEO Jamie Dimon said Tuesday during an investor conference in New York, quoted by Bloomberg. The 10% gain is only possible because Q3 2018 was very weak; on a sequential basis, the Q3 2019 revenue will be a decline of about 10% versus the already disappointing second quarter, Dimon said.



Other banks are set to be even worse: Citi's trading revenue is set to drop this quarter amid the brief bout of volatility that gripped markets in August, CFO Mark Mason said Monday; Bank of America’s fixed-income trading revenue will likely be down "a little bit," while equities trading has done well, COO Tom Montag said.



Over the past decade, Wall Street trading desks have transformed into deserted ghost towns, struggling to keep up with their electronic peers amid an unprecedented shift to cheaper, more efficient passive investing; at the same time struggles among hedge funds and moves to cheaper electronic trading have made banks’ securities units less profitable. According to Bloomberg, the five biggest U.S. banks saw a collective $5 billion drop in trading revenue in the first half of the year after an 8% slide in the second quarter and a 14% decline in the first three months of the year.



This is just the start: according to Dimon, margins will continue to drop across the financial sector as more trades move to electronic platforms, and as "trading" as we once knew it, is no more.




Tyler Durden

Tue, 09/10/2019 - 16:45


Tags

Business Finance

198
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Google promises it won't override your choice of DNS provider

Only days after Mozilla said it plans to make DNS-over-HTTPS (DoH) available by default gradually for Firefox users in the US, Google announced its intention to test DoH in Chrome 78, due for beta release in the next two weeks.…

247
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Not-So-Shocking Poll: Americans Hate The Government Almost As Much As They Hate Big Pharma

Authored by Mac Slavo via SHTFplan.com,



In a new and not shocking poll, Americans said they hate the government almost as much as they hate big pharma. Considering both are in each other’s back pocket, that makes complete sense and no one should be surprised by this.





America hates big p

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harma and the government.  No surprise there. But the pharmaceutical industry is hated slightly more. It ranked last in favorability among Americans, according to a new poll conducted by Gallup. This year marked the lowest net positivity rating (the difference between people who say they like the industry and those who dislike the industry) that the pharmaceutical industry has had since Gallup started polling in 2001.





 Big Pharma’s -31 net positivity rating was so low, only a handful of industries had been ranked lower. Other hated sectors include the federal government, and oil and gas companies




America’s distaste for the scandal-plagued pharmaceutical industry isn’t without reason. Earlier this year, Congress grilled pharma leaders for the high cost of prescription drugs. An Oklahoma judge recently ordered Johnson & Johnson pay $572 million for its role in the opioid epidemic. Novartis and other major pharma companies stopped developing life-saving medicine for lack of profit. –Middle Town Press




The federal government had been last or tied last on Gallup’s poll since 2011. This year, it ranks as the second least favorable industry. They were close to as hated as Big Pharma with a net positivity rating of -27.  With the increasing levels of authoritarian controls and demands for people to give up their liberty and freedom in exchange for a police state, it really shouldn’t come as a surprise.  Humans were not meant to be slaves and those in the United States may slowly be waking up to the reality they’ve found themselves in.



Hopefully, the government and industries that it protects, such as Big Pharma will never recover and only see their rating drop. It’s easier to enslave people when they are addicted to drugs and that addiction fuels Big Pharma’s profits. It’s a neverending circle of profits for Big Pharma and death and enslavement for everyone else.




Tyler Durden

Tue, 09/10/2019 - 17:05
187
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History tells us what happens when we fail to stand up for due process
198
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Microsoft joins Adobe and SAP in cleaning up security bugs, two of which are under active attack

Patch Tuesday  Microsoft, Adobe, and SAP today delivered a load of security updates for this month's Patch Tuesday.…

217
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<p>As a new generation ages, it&#x2019;s finding solutions beyond retirement homes.</p><br /><p>One of the major questions of growing older is &#x201C;Where do I want to live as I age?&#x201D; For many baby boomers, an important goal is staying independent as long as possible. Many in this generation desire to age in their homes and make their own choices as long as possible.</p><p>Read Full Story</p><div class="feedflare"><br /> <br /></div>
230
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Quant Quake Goes Global Amid Momo Meltdown, Bond Bloodbath



 



 



Momo traders be like...



 



 



 



 



 



 



 



 



 



 



 


215
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China Vows To 'Crush' Pro-Democracy Separatists; Hong Kong Warns Against Foreign Influence

Beijing warned on Monday that Hong Kong is an inseparable part of China and any form of secessionism "will be crushed," after pro-democracy demonstrators begged US President Trump to intervene in the ongoing anti-government movement now in its 14th week. 





According to the China Daily newspaper, Sunday's pro-democracy rally proves that fo

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reigners have been behind the protests, and warned that participants should "stop trying the patience of the central government," reports Reuters.






Chinese officials have accused foreign forces of trying to hurt Beijing by creating chaos in Hong Kong over a hugely unpopular extradition bill that would have allowed suspects to be tried in Communist Party-controlled courts.



Anger over the bill grew into sometimes violent protests calling for more freedoms for Hong Kong, which returned to Chinese rule in 1997 under a “one country, two systems” formula. -Reuters




Hong Kong leader Carrie Lam, meanwhile, warned the United States and other countries that it was "totally unacceptable" for the United States or anyone else to intervene in the situation



"The Hong Kong government completely disagrees and expresses deep regret that foreign parliaments are interfering in our internal affairs through legislation," Lam said during her weekly news conference, adding "We will never allow them to be stakeholders in Hong Kong's internal affairs."



Protesters on Sunday expressed support for the Hong Kong Human Rights and Democracy Act of 2019 introduced by US Rep. Christopher Smith (R-NJ) in June. The bill calls on the US government to protect the rights of Hong Kong protesters, including an assessment of whether "sensitive dual-use items subject to the export control laws of the United States are being used to develop the "social credit" system of China." 



"Democrats and Republicans continue to stand united with the people of Hong Kong in demanding the hopeful, free and democratic future that is their right," said US House Speaker Nancy Pelosi last week in a show of bipartisan support for Smith's bill. 



According to Lam, approximately 1,400 Kong Kong companies benefit from Washington's relationship with the city and that "any particular provisions applied to Hong Kong by the Americans are not exclusively for the benefit of Hong Kong," according to CNN. The passage of the US bill would undoubtedly harm the city's economy, which has already taken a hit due to the protests. 



On Tuesday, she called for the public to stop resorting to violence, saying "Escalation and continuation of violence cannot solve the issues faced by our society now. It will only deepen the conflict, contradiction, splits, and even hatred in society." 



"To mend the society and to bring back peace, we are very willing to engage people directly in a dialogue." 



The Hong Kong protests began with opposition to a controversial extradition bill which would allow suspects to be taken to mainland China for trial in PRC-controlled courts. It has since evolved into a general anti-government / pro-democracy movement which shows no signs of abating. 




Tyler Durden

Tue, 09/10/2019 - 13:50


Tags

Politics

212
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<p>Musician Chase Holfelder made the most peppy, iconic theme song of the &#x2019;90s sound like an emo eulogy for all your dead friends.</p><br /><p>It&#x2019;s only fitting that one of TV&#x2019;s most iconic shows had an equally classic theme song to match. For 10 seasons, <em>Friends</em> opened with &#x201C;I&#x2019;ll Be There for You&#x201D; by The Rembrandts, arguably one of the ear-wormiest theme songs on record: the peppy guitar riffs, the chorus that makes you sway and smile while belting a promise to your BFF that you prob
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ably won&#x2019;t keep, those damn hand claps.</p><p>Read Full Story</p><div class="feedflare"><br /> <br /></div>
220
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Bitcoin Is A Truth Machine, Says Gold Bullion International Co-Founder

Authored by Adrian Zmudzinksi via CoinTelegraph.com,



Gold Bullion International co-founder Dan Tapiero analyzed Bitcoin’s value as a truth machine.





image courtesy of CopinTelegraph



Tapero made his regards during an interview with business news outlet AlphaWeek published on S

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ept. 10. He said:




“What it is is an invention, and I think it should be referred to as an invention rather than all the other things. It’s a, you know, what it really is […] It’s a truth machine. [...] It’s a way to eradicate all fraud or lying by human beings.




Bitcoin is a reward for network maintenance

He also noted that the system is now ten years old and has a good track record, all of which contributes to his will to ask “what is a security platform like that, with that track record,” worth. In the end, he concluded:




“Bitcoin, really, is just the reward that miners get for guaranteeing the security of the framework of the network, that’s what it is. ”




BTC is worth hundreds of billions of dollars

Tapero also asked what it would cost for a company to develop such a system. He said that he believes it would cost hundreds of billions of dollars, touching on the number of work hours dedicated to the development and maintenance of Bitcoin and its ecosystem. 



He also added:




“Could a company even develop that? You know, maybe Satoshi realized it can only be developed slowly over time in a decentralized way.”




As Cointelegraph reported earlier today, Blockstream CEO said that Bitcoin is reverting to its historical 90%+ market dominance at altcoins’ expense.




Tyler Durden

Tue, 09/10/2019 - 14:09


Tags

Business Finance

212
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Girls begin with more cash & get paid more for passing 'Go'
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<p>John Driscoll, the CEO of CareCentrix, believes that businesses have unique obligations to the communities they serve, as well as to their employees.</p><br /><p><em>Capital &amp; Main&#xA0;is an award-winning publication that reports from California on economic, political, and social issues.</em></p><p>Read Full Story</p><div class="feedflare"><br /> <br /></div>
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Trump 'Scotlandgate' Air Force Story Crushed By NYT Report Of Long-Standing Lodging Deal

The latest leftist triggering over President Trump has once again fizzled - although the truth never gets as much attention as the initial outrage. 



After the MSM spent days lambasting Trump over a report that seven US Air Force C-17 crew stayed at his Scotland resort during an overnight refueling stop, the New York Times has revealed in a follow-up

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that the Trump Organization had a preexisting lodging deal with both the Scottish airport and the US military that predated his presidency






The government records, released through Scottish Freedom of Information law, show that the Trump organization, starting in 2014, entered a partnership with the airport to try to increase private and commercial air traffic to the region.



As part of that arrangement, the Trump Organization worked to get Trump Turnberry added to a list of hotels that the airport would routinely send aircrews to, even though the Turnberry resort is 20 miles from the airport, farther away than many other hotels, and has higher advertised prices.



***



Both the Defense Department and executives at the airport confirmed on Monday that the airport also has a separate arrangement with the United States Air Force. Under that arrangement, the Scottish airport not only refuels American military planes but also helps arrange hotel accommodations for arriving crews, as it does for some civilian and commercial aircraft. -NYT




"We provide a full handling service for customers and routinely arrange overnight accommodation for visiting aircrew when requested," the Prestwick airport said in a Monday statement, adding "We use over a dozen local hotels, including Trump Turnberry, which accounts for a small percentage of the total hotel bookings we make."



Not only that, Trump's resort was cheaper than the Marriott.




The crew, which consisted of active duty and national guard members from Alaska, was charged $136 per room, which was less expensive than a Marriott property’s rate of $161. And both were under the per diem rate of $166. -NYT




"A local agent on contract with the U.S. government assisted with the reservations and indicated that there wasn’t a room available closer to Prestwick airport," said the Air Force in a statement, while a DoD official added on Monday that the Air Force "relies on a contracted representative at the Prestwick airport to support our aircrew needs."




The number of such stops by Air Force planes at Prestwick rose from 180 in 2017 to 257 last year and 259 so far this year. The 259 stops this year included 220 overnight stays. Since October 2017, records show 917 payments for expenses including fuel at the airport worth a total of $17.2 million.



Air Force officials could not say on Monday how many times military crews had been sent to Trump Turnberry, but added that they are now going through vouchers to come up with such a count. -NYT




On Monday, President Trump tweeted: "I know nothing about an Air Force plane landing at an airport (which I do not own and have nothing to do with) near Turnberry Resort (which I do own) in Scotland, and filling up with fuel, with the crew staying overnight at Turnberry (they have good taste!). NOTHING TO DO WITH ME" 







Then, Trump dismissed the entire ordeal, suggesting that he's so wealthy that the extra business was a drop in the bucket. 



"I don’t need to have somebody take a room overnight at a hotel," he said. 



That said, the "gotcha" in the NYT report is that "documents obtained from Scottish government agencies show that the Trump Organization, and Mr. Trump himself, played a direct role in setting up an arrangement between the Turnberry resort and officials at Glasgow Prestwick Airport" (which still predated his presidency). 



Deputy commander of the Air Force Air Mobility Command Lt. Gen Jon T. Thomas said in a Monday interview that the Air Force has been using Prestwick for stopovers since at least the late 1990s, and that the rising number of stopovers was based entirely on operational demands; the airport has 24-hour operations and is in a convenient location. 



That said, Thomas says the Air Force is reviewing the decision to place Air Force crew members at a hotel owned by the Trumps



"Let’s make sure we are considering potential for misperception that could be created by where we billet the aircrews," adding "It is a reasonable ask for us to make sure we are being sensitive to misperceptions that could be formed by the American people or Congress or anyone else." 




Tyler Durden

Tue, 09/10/2019 - 13:11
224
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September 2019 Leeds church choir boys sexually abused after being groomed by paedophile former primary school teacher A former primary …

Continue reading

195
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Chipzilla downplays cunning data-snooping side-channel technique

Video  It is possible to discern someone's SSH password as they type it into a terminal over the network, say infosec gurus who have found an interesting side-channel vulnerability in Intel's networking technology.…

183
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Another ransomware has made it to the news that  is actively exploiting servers. Dubbed as Lilocked (or Lilu), the ransomware



New Lilocked Ransomware Discovered in The Wild on Latest Hacking News.

249
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CIA Crushes CNN's Latest Trump-Russia Conspiracy Theory

Authored by Raul Ilargi Meijer via The Automatic Earth blog,



It’s undoubtedly better to leave some stories alone, and this may be one of them. Putin’s spokesman Dmitry Peskov perhaps put it best when he called it “pulp fiction” (and what’s more American than that?). But this one is so exemplary of how the news is cooked up for you these days, let’s have a go anyway

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.



What makes this story so ideal for its purpose is that it involves intelligence and state secrets, so the news outlet that runs it doesn’t have to prove a thing; it can simply say it’s not authorized to divulge what it doesn’t write, while hinting it does know. Plus, it can use any number of covert sources.





But in the process, a damning picture can still be painted. And if that picture involves Donald Trump, and it’s CNN that’s painting it, well, we know what it’s going to look like. Here’s how it started at CNN yesterday (with some additions from today):



US Extracted Top Spy From Inside Russia In 2017




In a previously undisclosed secret mission in 2017, the United States successfully extracted from Russia one of its highest-level covert sources inside the Russian government, multiple Trump administration officials with direct knowledge told CNN. A person directly involved in the discussions said that the removal of the Russian was driven, in part, by concerns that President Donald Trump and his administration repeatedly mishandled classified intelligence and could contribute to exposing the covert source as a spy.



The decision to carry out the extraction occurred soon after a May 2017 meeting in the Oval Office in which Trump discussed highly classified intelligence with Russian Foreign Minister Sergey Lavrov and then-Russian Ambassador to the US Sergey Kislyak. The intelligence, concerning ISIS in Syria, had been provided by Israel. The disclosure to the Russians by the President, though not about the Russian spy specifically, prompted intelligence officials to renew earlier discussions about the potential risk of exposure, according to the source directly involved in the matter.



At the time, then-CIA Director Mike Pompeo told other senior Trump administration officials that too much information was coming out regarding the covert source, known as an asset.[..]



Asked for comment, Brittany Bramell, the CIA director of public affairs, told CNN: “CNN’s narrative that the Central Intelligence Agency makes life-or-death decisions based on anything other than objective analysis and sound collection is simply false. Misguided speculation that the President’s handling of our nation’s most sensitive intelligence—which he has access to each and every day—drove an alleged exfiltration operation is inaccurate.”



[..] White House press secretary Stephanie Grisham said, “CNN’s reporting is not only incorrect, it has the potential to put lives in danger.”



The removal happened at a time of wide concern in the intelligence community about mishandling of intelligence by Trump and his administration. Those concerns were described to CNN by five sources who served in the Trump administration, intelligence agencies and Congress. Those concerns continued to grow in the period after Trump’s Oval Office meeting with Kislyak and Lavrov. Weeks after the decision to extract the spy, in July 2017, Trump met privately with Russian President Vladimir Putin at the G20 summit in Hamburg and took the unusual step of confiscating the interpreter’s notes.



Afterward, intelligence officials again expressed concern that the President may have improperly discussed classified intelligence with Russia, according to an intelligence source with knowledge of the intelligence community’s response to the Trump-Putin meeting. Knowledge of the Russian covert source’s existence was highly restricted within the US government and intelligence agencies. According to one source, there was “no equal alternative” inside the Russian government, providing both insight and information on Putin.




Pretty bad, right? Well, we’re not done just yet. Here’s the BBC adding its two cents:



US Extracted High-Level Spy From Inside Russia In 2017, Reports Say




Russian media named the spy as former presidential administration official Oleg Smolenkov. The Kommersant newspaper said Mr Smolenkov went on holiday with his family to Montenegro in 2017 and disappeared, before a man with the same name and a woman with the same name as Mr Smolenkov’s wife purchased a house in the US state of Virginia, near Washington DC. Russian reports said Mr Smolenkov had worked for Yury Ushakov, a senior aide to President Putin.



Asked by the BBC on Tuesday about the reports, Kremlin spokesman Dmitry Peskov confirmed that Mr Smolenkov had worked for the presidential administration but denied that he had held a high-level position, adding that he had been sacked. Mr Peskov described the US media coverage of the reported extraction as “pulp fiction”.



There was no suggestion on Tuesday that President Trump directly compromised the source in Russia, and reports said that widespread media speculation about US intelligence conclusions had contributed to the decision to extract the source. Last year, Russian operatives travelled to England and used a nerve agent in an assassination attempt against a former Russian military intelligence officer, Sergei Skripal, who had spied for the British.




Isn’t it just lovely how they manage to throw in Skripal there at the end? Took a bit of stretching, but the BBC is plenty flexible.



Okay, so this alleged spy is extracted (or “exfiltrated”) by US intelligence, and then buys a home in Virginia. But not only that, he buys it under his own name. Presumably so that if Putin wants to find the man who divulged all those secrets for 10 years+, he can just Google him. Here’s NBC:



Possible Russian Spy For CIA Now Living In Washington Area




A former senior Russian official is living in the Washington area under U.S. government protection, current and former government officials tell NBC News. NBC News is withholding the man’s name and other key details at the request of U.S. officials, who say reporting the information could endanger his life. Yet the former Russian government official, who had a job with access to secrets, was living openly under his true name.



An NBC News correspondent went to the man’s house in the Washington area and rang the doorbell. Five minutes later, two young men in an SUV came racing up the street and parked immediately adjacent to the correspondent’s car. The men, who identified themselves only as friends of the Russian, asked the correspondent what he was doing there.



[..] The [New York] Times said the source was “the American government’s best insight into the thinking of and orders” from Putin, and was key to the CIA’s assessment that Putin favored Donald Trump’s candidacy and personally ordered the hacking of the Democratic National Committee.



The Times previously reported that the source was considered so sensitive that then-CIA Director John Brennan had declined to refer to the person in the top secret Presidential Daily Brief during the final months of the Obama administration. Brennan sent reports from the source to the president and a small group of top national security aides in a separate, white envelope to assure its security, the Times reported.



[..] NBC News has not confirmed that the Russian living near the nation’s capital fed the CIA information about Russian election interference. But for reasons that NBC News is withholding, he fits the profile of someone who may have had access to information about Putin’s activities and who would have been recruitable by American intelligence officials.



Two former FBI officials told NBC News they believe he is the source referred to in the CNN and New York Times report. The Russian will likely be moved from the place he is currently living in the interest of keeping him safe, current and former officials said.




He will be moved in the interest of keeping him safe. That is just brilliant. What, you think Putin will be upset at no longer being able to Google his whereabouts?



To remain fair, let’s give RT some space, too, shall we?



Was Key CIA Spy ‘Extracted’ From Moscow Over #Russiagate Fears?




Media outlets in Russia immediately began speculating as to the identity of the alleged mole, quickly settling on Oleg Smolenkov, state advisor of the third class who had worked at the Russian embassy in Washington before 2010. Smolenkov took his wife and three children on vacation to Montenegro on July 14, 2017, whereupon they vanished without a trace. The police have been investigating their disappearance as possible murder.



[..] Russian Senator Franz Klintsevich, deputy head of the Defense and Security Committee, dismissed CNN’s story as “fake” and “carrying out orders for another attempt to discredit Trump,” according to TASS. Most of the US mainstream media outlets spent the past three years promoting the notorious ‘Russiagate’ conspiracy theory on behalf of the Democrats, and have refused to acknowledge any wrongdoing even though special counsel Robert Mueller failed to find anything to incriminate the president after a two-year investigation.



Moreover, CNN and MSNBC have hired a number of former intelligence officials, whose fingerprints have been all over ‘Russiagate,’ as anti-Trump pundits.




John Brennan, James Clapper, here’s looking at you. There was no need today to read much further in order to find out that the secret info Trump is accused of divulging to “the Russians” had already been published first by no other than…CNN on March 31 2017. There was no secret. Other than perhaps, says Aaron Maté, that Israel was the source. But trust us, Putin would have known that.



After the Mueller report fiasco, one would think the media who don’t like Trump would be more careful with their reporting, and before reporting it. But they just keep at it.



In the process, as quoted above, through their false reporting and false claims, it’s they who are endangering lives, not Donald Trump:



Brittany Bramell, the CIA director of public affairs, told CNN:




“CNN’s narrative that the Central Intelligence Agency makes life-or-death decisions based on anything other than objective analysis and sound collection is simply false. Misguided speculation that the President’s handling of our nation’s most sensitive intelligence—which he has access to each and every day—drove an alleged exfiltration operation is inaccurate.” [..]




White House press secretary Stephanie Grisham said,




 “CNN’s reporting is not only incorrect, it has the potential to put lives in danger.”




It’s not just the White House, the CIA itself says it too.



Asking for a friend: You think the country’s still capable of having a normal conversation?




Tyler Durden

Tue, 09/10/2019 - 10:33


Tags

Politics

174
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It's Patch Tuesday again—the day of the month when both Adobe and Microsoft release security patches for vulnerabilities in their software.

Adobe has just released its monthly security updates to address a total of 3 security vulnerabilities in only two of its products this time—Adobe Flash Player and Adobe Application Manager (AAM).

None of the security vulnerabilities patched this month in
228
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<p>The landscape architects and designers behind the project hope it will focus the public&#x2019;s attention on the crisis of deforestation. </p><br /><br /><br /><p>With each passing year, the reality of climate change looms larger&#x2014;and it&#x2019;s inspiring more designers to politicize public space. Deforestation is a global crisis, and with rates of tree loss on the rise, threatening the amount of natural oxygen left to combat toxic greenhouse gases, the most obvious response is to plant more trees.</p><p>Read Full Story<
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/p><div class="feedflare"><br /> <br /></div>
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Wearables, Winfrey, & 'Waiting For 5G' - What To Expect From Apple Today

Today's much anticipated - yet somewhat understated - Apple event promises some new iPhones, along with the possibility of a new Apple Watch, and maybe some updated MacBooks. Additionally, the tech giant is set to announce pricing for its forthcoming streaming TV service highlighting the company's shift from hardware to services as the new growth engine.


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r />



As Reuters notes, while the iPhone still makes up more than half of Apple’s sales, Tuesday’s event may nudge it off center stage after a decade in the limelight, as analysts suggest Apple is in a “holding pattern” until it rolls out 5G phones with faster mobile data speeds next year.



The new strategy shift (to services), which Apple hinted at an event in March where it gave some details about the streaming TV service, comes as iPhone sales have declined year-over-year for the past two fiscal quarters and investors are fixed on the growth potential for services. Questions about how Apple will price its television service, and whether it will bundle it with its streaming music products, will weigh on the minds of Wall Street and analysts just as much as whether the Apple TV hardware box gets an upgrade or how many cameras the iPhone has. Apple has not yet given a specific launch date or price.




“This is the first time we’ll get to see Apple’s strategy with all three parts of the business,” said Ben Bajarin, an analyst with Creative Strategies.




However, with streaming content, Apple is entering a crowded field but it's all analysts have to cling to to maintain their high price targets as the new iPhones will feature better cameras, and perhaps new chips to help handle the work of sensors on the device, but few new blockbuster features.



But, while you are all "waiting for 5G", here is Valuewalk's Sheeraz Raza detailing what to expect from the iPhone 11 (or XI - will probably need a rename in China?)



If we believe in the rumors, Apple is bringing forward a whole new design for the rear camera, which to be really honest is not too pretty to look at.



Apart from that, the design is mostly similar to iPhone X. According to the rumors, there would be three iPhone 11 models that would be released: iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max.



Have a look at the infographic below to know more about the features that we are expecting from these new iPhones:





iPhone 11 would be the cheapest among all, but not the most compact. It would come with a 6.1-inch LCD display, while the iPhone 11 Pro with come with 5.8-inch OLED display, and the iPhone 11 Pro Max with come with massive 6.5-inch OLED display.



The Pro and the pro max come with Apple pencil support, while the iPhone 11, unfortunately, would not support Apple pencil. So, if you already have an Apple pencil, you will be now able to use it with iPhone pro and iPhone pro max.



Other than that, all the new iPhones will now come with A13 chipset, Face ID, Wi-Fi 6, 12Mp front camera, and bilateral wireless charging. Unfortunately, you won’t get to see under-display fingerprint scanner in the iPhone yet.



For those who are a big fan of 3D touch would also be a little bit disappointed since the newer iPhone would not have that.



The most debatable topic regarding the new iPhones currently is the design of the camera. The new rear camera design to be really honest looks weird and is something that is not expected from Apple.



On the iPhone 11, you will get to see two 12MP cameras, while on the pro and pro max you will get to see an array of three 12MP Cameras.



Talking about the storage and RAM on the new iPhones, iPhone 11 comes with 4GB RAM and 64GB/256GB/512GB storage options. iPhone 11 Pro, on the other hand, comes with 6GB RAM and 128GB/256GB/512GB storage options. Last but not the least, iPhone 11 Pro Max comes with 6GB RAM and 128GB/256GB/512GB storage options.



According to rumors, users will get to see a significant improvement in the battery. iPhone 11 will run on a 3110 mAH battery, iPhone pro will run on 3190+ mAH battery, and pro max will run on 3500+ mAH battery.



Looking at all the rumors, we won’t get to see a lot of changes or improvements as compared to previous iPhone X models, other than the giant weird looking camera setup that we are sure would not be loved by many.



*  *  *



In terms of pricing, most analyst expect prices to remain unchanged from the last year’s models, between $749 and $1,099 depending on size and features.






“I believe we are in an incremental holding pattern until 5G. Customers with iPhone X and beyond likely won’t have a reason to upgrade,” said Patrick Moorhead of Moor Insights & Strategy.




What will the stock price do? Most iPhone launches have resulted in positive price performance 60 days after launch (but the last one disappointed)...





*  *  *



You can watch Apple’s iPhone 11 keynote live here:






Tyler Durden

Tue, 09/10/2019 - 10:50


Tags

Technology Internet

245
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Well, this is awkward.
151
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Here we go again. On Memorial Day I wrote a post about this subject — Stolen Valor: Ron the War Hero And now they are at it once more. If you are planning to attend this event, or know someone who is, please be aware that this is ONLY a “PR opportunity” for “safepointing” scientology […]
172
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The DNS or Domain Name System is one of the main foundations of the internet. Sadly, many people are not



How to Find DNS Records and Why You Would Need It on Latest Hacking News.

242
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22 Surveys Which Prove That Americans Never Want To Go Back To The Way America Used To Be

Authored by Michael Snyder via The End of The American Dream blog,



For a long time a great battle has been fought to determine the future direction of this country, and at this point one thing has become exceedingly clear.  America is never going to be the country that it once was.  Of course for millions of Americ

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ans this is actually very welcome news, but for those of us that have been working so hard for so long to restore the values that this nation was founded upon, it is incredibly sad to finally come to this realization.  In order for America to return to her glory days, our nation would need to embrace the values that once made our nation so great, and the truth is that the American people have resoundingly rejected those values.  This is especially true for our young people, and it won’t be too long before they are running everything.  The other side has control of our education system, of our major media outlets, of our entertainment industry and of our legal system.  They are literally systematically training future generations what to think, and that has proven to be an insurmountable advantage.  The “culture war” has been over for a long time, and they won.  But that doesn’t mean that the broader conflict is over.





A lot of people reading this article will be tempted to think that this is a Republican/Democrat thing, but that is not true at all.  In fact, the truth is that many lawmakers that are considered to be “conservatives” today would be considered to be flaming liberals by our founders.  Ultimately, nearly all of our political leaders have fundamentally rejected the values that so many previous generations of Americans fought so hard to defend.  The United States has been overthrown, but it wasn’t by a foreign power.  We have been conquered from within, and it was a very slow process, but now their victory is almost entirely complete.



If you doubt this, I would like for you to take a few moments to consider the following numbers.  The following are 22 surveys which prove that Americans never want to go back to the way America used to be…




#1 According to an American Bar Association survey, only 38 percent of all Americans know that the U.S. Constitution is the highest law in the land.



#2 According to a new survey that was conducted by researchers at Johns Hopkins Bloomberg School of Public Health, 76 percent of Americans support “red flag” gun laws.



#3 A recent Rasmussen survey discovered that 28 percent of all Democrats actually believe that it should be “illegal” to be a member of the NRA.



#4 A survey that was just conducted by the Pew Research Center found that 56 percent of Americans trust law enforcement authorities to use facial recognition technology “responsibly” even though it horribly violates our privacy rights.



#5 70 percent of Americans support “Medicare for all” – a national socialized single-payer healthcare system.



#6 46 percent of Americans have taken at least one pharmaceutical drug within the last 30 days.



#7 59 percent of Americans support Alexandria Ocasio-Cortez’s proposal to raise the top tax rate to 70 percent.



#8 When asked to name the greatest president in their lifetimes, more Americans named “Barack Obama” than anyone else by a wide margin.



#9 58 percent of American adults under the age of 35 agree that some version of socialism “would be good for the country”.



#10 One survey discovered that one-third of all American teenagers haven’t read a single book in the past year.



#11 Almost one-third of all U.S. Millennials are still living with their parents.



#12 One very alarming survey found that the average American spends 86 hours a month on a cellphone.



#13 49 percent of Americans say that not having wifi would ruin their vacation.



#14 34 percent of pet-owning adults in the United States say that their pet is their “favorite child”.



#15 According to a Quinnipiac University poll from last year, 63 percent of all Americans want to keep Roe v. Wade in place.



#16 According to the Pew Research Center, 61 percent of Americans now support gay marriage and only 31 percent of Americans are against it.



#17 45 percent of U.S. college students believe that the phrase “In God We Trust” should be removed from our currency.



#18 Over the last three decades, the number of Americans with “no religion” has increased by 266 percent.



#19 During the 2016 election, more than 40 percent of Americans did not know who was running for vice-president from either of the major parties.



#20 Only 26 percent of Americans can name all three branches of government.



#21 One very shocking survey found that 74 percent of Americans don’t even know how many amendments are in the Bill of Rights.



#22 According to a survey that was conducted last year, Americans from the age of 18 to the age of 29 favor Democrats over Republicans by a 66 percent to 32 percent margin.




Once again, this is not a Republican/Democrat thing.  Ultimately, both major political parties seem determined to take us down the tubes.  One may want to do it at a faster pace than the other, but the destination is still the same.



I know that some will dismiss me as an out of touch pessimist, but I did not come to these conclusions lightly.  In fact, not too long ago I spent an entire year talking to voters and trying to do what I could to point the country in the right direction, but I discovered that only a very small remnant actually wants to go in the right direction.



If George Washington, John Adams and the rest of the boys were around today, they would all be considered “dangerous extremists” and none of them would have a prayer of actually getting elected to public office.



I am certainly not giving up, and you shouldn’t either.  In fact, my wife and I believe that the most exciting chapters of our lives are right around the corner.



But for the nation as a whole, our choices are going to have very severe consequences.  The past few years represented yet another opportunity to amend our ways, but instead the American people have been running in the opposite direction as rapidly as they can.



Our country will be greatly rattled in the years ahead, and that process will wake many from their slumber.  Let us use that time to win one heart at a time, and let us be thankful that we were born into such a critical time in history.




Tyler Durden

Tue, 09/10/2019 - 08:50


Tags

Social Issues
Politics

1
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She has proven the strength of a mother's love when she did the unthinkable only to protect her daughter's honor. Read her story here.


224
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<p>&#x201C;You can&#x2019;t let the magnitude of [her accomplishments] intimidate you.&#x201D;</p><br /><p>Jazz trumpeter Terence Blanchard is one of Hollywood&#x2019;s preeminent composers, having scored 20 of Spike Lee&#x2019;s projects&#x2014;including last year&#x2019;s <em>BlacKkKlansman</em>, which earned him his first Oscar nomination&#x2014;and <em>Harriet</em>, Kasi Lemmons&#x2019;s upcoming biopic of abolitionist Harriet Tubman. Blanchard has also begun experimenting with opera, most recently writing
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the music for <em>Fire Shut Up in My Bones</em> (based on the <em>New York Times</em> columnist Charles M. Blow&#x2019;s 2014 memoir), which premiered at the Opera Theatre of Saint Louis in June. &#x201C;I&#x2019;ve always been a believer that the universe will put things in front of you, and how you react will determine your future,&#x201D; Blanchard says. Here&#x2019;s how he&#x2019;s channeled that improvisational spirit into a melodious career.</p><p>Read Full Story</p><div class="feedflare"><br /> <br /></div>
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WeWork Bonds Tumble Below Critical Level

Things just went from bad to worse for WeWork (and Softbank) as the over-levered office-rental company sees its debt pummeled back below a critical level as its IPO flails.



WeWork's 2025 Bonds have plunged back below par for the first time since filing for its IPO - which Softbank is now reportedly urging them to pull...





Source: Bloomberg

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br />

This could be a problem going forward as Bloomberg reports that while WeWork is aiming for investment-grade status eventually, the office-rental company plans to rely on junk bonds for funding for the foreseeable future, a WeWork executive said in a meeting with analysts.



And that cost of funding just soared, now trading back at almost 700bps over Treasuries...





Source: Bloomberg



WeWork has lined up a $6 billion credit line that is contingent on it raising at least $3 billion in its IPO, according to the offering prospectus by its parent, the We Co.




"Its rapidly growing footprint burns cash, so traditional credit metrics will view the company poorly," said Arnold Kakuda, a senior credit analyst with Bloomberg Intelligence.



"WeWork would need to exhibit stable profits, before it can be seriously considered to be an investment-grade company."




As Bloomberg recently noted, "anyone weighing whether to buy shares in WeWork’s IPO cannot ignore the fact that the company will have to find $47 billion from somewhere in coming years to meet its contractual obligations – including about $10 billion in just the next five years. Right now, its own very negative cash flows won’t cut it."




Tyler Durden

Tue, 09/10/2019 - 09:10


Tags

Business Finance

174
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Experts have been harping on about how everyone should be taking cybersecurity seriously. There are real reasons behind these warnings.



Reason CyberSecurity Review: Antivirus with Advanced Camera and Ransomware Protection on Latest Hacking News.

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Trump SCOTUS Pick Neil Gorsuch Says US Is In "Civility Crisis"

In his first book since being appointed to the Supreme Court to fill the seat vacated by Antonin Scalia, Neil Gorsuch writes that the US is facing a "civility crisis" and that the president and Congress are both guilty of violating the separation of powers laid out in the Constitution.



The book, "A Republic, If You Can Keep It", has a title that reflects Benjamin Franklin's reported

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reply as he left the Constitutional Convention in 1787. In it, Gorsuch describes his vision for the Supreme Court's proper role: That judges should interpret the constitution according to its original meaning, and therefor overturn ObamaCare, slash abortion rights and bolster gun rights, according to Bloomberg.





Gorsuch also describes the run-up to his nomination. For example, he and his wife caught their flight to Washington after a neighbor drove them down a bumpy farm track so they wouldn't be spotted by reporters staking out the family house in Colorado.



The Justice said the drive left a lasting impression on him.




"That drive threw me face first into the topsy-turvy world of modern-day Supreme Court confirmation battles," Gorsuch writes in the 323-page book, officially released Tuesday. He was confirmed on a 54-45 vote, with only three Democrats voting in favor.




Notably, Gorsuch's book makes only passing reference to President Trump, even though the president is often blamed for "coarsening" the public discourse.



But he does point to surveys showing that "incivility" is broadly deterring Americans from dedicating themselves to public service.




"Without civility, the bonds of friendship in our communities dissolve, tolerance dissipates, and the pressure to impose order and uniformity through public and private coercion mounts," Gorsuch, 52, writes.




Gorsuch also lamented the fact that the executive branch and legislative branch had grown beyond their proper spheres.




"The framers firmly believed that the rule of law depends on keeping all three governmental powers in their proper spheres," Gorsuch writes.




Gorsuch also complains about more "niche" issues, like the rising cost and complexity of the US legal system.




"Our civil justice system is too expensive for most to afford; our criminal code is too long for most to comprehend; and our legal education system is too monolithic to allow lawyers to serve clients as affordably and well as we might," he writes.




The rest of the book, which was co-authored by two of the justice's former law clerks, is a compilation of the Justice's speeches and court opinions. But the book also includes newly written original sections.




Tyler Durden

Tue, 09/10/2019 - 05:47


Tags

Law Crime
Politics

168
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Forced to delete tweet after backlash.
218
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<p>The team&#x2019;s feel-good PR stunt was too much about them and not nearly enough about the young man.</p><br /><p>Back in August, local news profiled the entrepreneurial, 12-year-old South Carolinian Jaylin Clyburn, who started his own lawn mowing business to start saving for college. In the story, one of his clients said the young man&#x2019;s small lawn mower was &#x201C;really almost a toy.&#x201D; The story also highlighted Clyburn&#x2019;s love of the NFL&#x2019;s Carolina Panthers.</p><p>Read Full Story</p><div cla
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ss="feedflare"><br /> <br /></div>
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Sarah Palin's Husband Files For Divorce

After 31 years of marriage, Todd Palin - the husband of former Alaska governor and vice presidential candidate Sarah Palin, has filed for divorce.





In the April 29th filing eight days after their most recent anniversary, Todd cited "incompatibility of temperament" and that the couple "find it impossible to live together as husband and wife" in his request to dissolve their marria

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ge in Anchorage Superior Court. 




The filing, first reported by the Anchorage Daily News, only uses initials but details the couple’s marriage date and the birth date of their 11-year-old son, Trig, and asks for an equal separation of assets and debts.



The two have been married since 1988 and have five children: Track, Trig, Bristol, Willow and Piper. Todd Palin's filing asks for shared custody of Trig, who has Down Syndrome. -NBC News




The Palins, both 55-years-old, have been together through Sarah's rise to governor of Alaska in 2006, her resignation in 2009 (before the end of her four-year term), and her brief tenure as John McCain's running mate in the 2008 presidential election - losing to Barack Obama and Joe Biden. According to the New York Times, McCain regretted picking Palin vs. Joe Lieberman. 




McCain's daughter, current "The View" host Meghan McCain, wrote in her 2010 book, "Dirty Sexy Politics," that Palin brought "drama, stress, complications, panic and loads of uncertainty" to the campaign, but also lauded the enthusiasm she generated. -ABC News




While Todd Palin has avoided the spotlight, Sarah Palin has been a frequent political commentator on cable news, and wrote the book "Sweet Freedom: A Devotional."




Tyler Durden

Tue, 09/10/2019 - 07:05
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