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Credit card companies are dropping signature requirements

That’s all very interesting … but does that mean that basic physical possession of a credit card equates to being able to effectivley use it?

Well, yeah, I guess. That’s actually the rule now, given that most (live) merchants don’t actually pay much attention to signatures. If the banks / merchants are willing to live with that, I guess we consumers will have to go along.




Credit Card Signatures Are About to Become Extinct in the U.S.
The major credit card networks are ending a requirement that people sign for most card transactions — the latest blow to the signature.

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I guess Trump doesn’t need the farm vote

Surprising absolutely nobody (except maybe the President of the United States), China is retaliating on Trump’s Chinese aluminum and steel tariffs with 15% tariff on American fruits and nuts (China is the third largest importer of such items, or at least has been) and 25% on pork and other goods (the US sold $1B in pork products to China last year).

There are certainly legitimate concerns over China’s steel and aluminum exports to the US, but starting a trade war over them is not going to be terribly productive. Maybe some of those farmers who thought Trump would be great for their business might want to give the White House a call about it.




China to slap tariffs on 128 U.S. goods – POLITICO

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Tweetizen Trump – 2018-01-08: “A Very Stable Genius At That!”

Been a long time, Donald, but I’d like to hit some, um, “highlights” from your Twitter stream over the past week. Because some of it was highly entertaining.

I’m going to ignore most (but not all) of the various Iran and Pakistan and North Korea and Palestine tweets, because your throwing gasoline onto campfires in diplomatic matters is pretty well known already. I’ll just pick a few others to look at.

It may seem a foreign concept, Donald, but have you ever heard that old saying about flies, honey, and vinegar? Are you really accusing the Justice Dept. of being some sort of “Deep State” conspirator (apparently so) and then expecting them to do stuff for you?

It kinda sounds that way.

As to the Abadin matter, the reality of what was released doesn’t seem to align with your description, nor with anything to do with “sailors pictures on submarines”.

Yeah, Donald, pretty much everyone had a laugh over this fraudulent erroneous tweet. Commercial jet deaths have been in decline for twenty years. There were no commercial passenger deaths world-wide in 2017, not just in the one country where you have some indirect control, for one thing. And the last US commercial passenger jet death in the US was back in 2009.

And the White House explained what you meant by “very strict”: an announcement that the Air Traffic Control system would be modernized and semi-privatized (no work on which has happened yet), and the various travel bans announced through DHS (which don’t seem at all related to “Zero deaths in 2017”).

So no idea what you’re going on about, Donald.

On the other hand, your FAA head has just left, and you have no replacement nominated. Tell me how that helps your safety record going forward, Donald. [6]

Whining that you’re not being treated fairly is what 9-year-olds do, Donald. I mean, really.

Oh, by the way, Donald, the NYT is still not failing. Just saying.

So what “RESULTS” are you and the GOP showing for DACA, aside from saying, “No deal unless I get my wall“? Nothing much I can see.

Oh, Donald.

First off “We have taken Jerusalem, the toughest part of the negotiation, off the table” isn’t negotiation, it’s bullying. I mean, really, Donald.

Also, so what have the Israeli (to whom we contribute BILLIONS OF DOLLARS a year in just military aid) actually done about talking peace?

What are you, Donald, ten years old?

Or just compensating for something else by touting your “bigger & more powerful” “button”?

Yeesh.

 

So Donald “I never quit” Trump is admitting that opposition from states to turn over personally identifiable private information on their voters, sometimes in violation of their own laws, to be dumped into an unsecured database through an insecure process, is enough to make you quit?

Of course. Because it was all just for show, Donald. You just want to be able to continue to claim that you lose the popular vote in 2016 because of “voter fraud.”

Oh, the whole “mostly Democratic States” thing? Really not all that true, Donald.  Nor is your assertion that “many people are voting illegally.” [13]

So let’s try this, Donald. Push for an initiative for a national identification card, with the primary purpose to make sure that everyone can get one, that it won’t be subject to additional fees and weird document needs and limited hours and oh, yeah, we just closed the place that does that in your neighborhood shenanigans that the GOP has pulled on state voter ID.

Do that, and I might be inclined to think you’re actually serious about this, Donald.

Are you still going on about that, Donald?

At any rate, the ideas that (a) the national anthem is played as a tribute to soldiers, or (b) that soldiers consider NFL players taking a knee in protest of police violence against minorities as an insult to them, and that therefore (c) glurgy Facebook memes of a veteran’s widow at a military cemetery is somehow a germane argument is …

… well, it’s another case of not knowing whether you are goofy enough to believe it, Donald, or simply want to stir up your hyper-nationalist base.

That’s accompanied by a (of course) Fox News chart about the Dow Jones Industrial Average breaking 25K.

Actually, a look at the DJIA for the last ten years shows a pretty steady climb from the depths of the Great Recession brought on by the last GOP Administraion. I mean, I know that you prefer to look at the last year alone, rather than the preceding decade (as that means that your Democratic predecessor gets some credit, the horror!), but it’s sort of sloppy statistics to take credit for everything when you’re standing on the record of those who come before.

Really? Because I’m pretty sure I saw it headlined everywhere, Donald.

That’s kind of a misleading statement, Donald.

We all love it when you come up with names for your ostensible enemies. It’s even funnier (or more pathetic) when you do it to people who you used to call allies and advisors and friends and supporters.

Vindictive, much?

Aside from the unfounded assertion that it was a “fraudulent” comment, vs. an erroneous one (something he clearly stated later in the day in issuing a correction), you’ve not only (once more) gone over his punishment for it, but called for greater punishment.

You are kind of a mean person, you know that, Donald?

So, first off, Donald, if “there’s no such thing as bad publicity,” then you scored big time with this triptych of tweets. I mean, amazing, zany stuff.

Not to be contradictory or anything, but just to clarify a few points.

  1. Russian collusion has not been proven a total hoax. I’m not sure where you get that from, Donald, but it’s clearly untrue.
  2. Ronald Reagan was, in fact, suffering from dementia during his time in the White House. It was covered up by White House staff and family at the time, but it was known to be the case and is a matter of record today. So … really, not the best defense.
  3. I don’t know that anyone has ever talked about your having a reputation for mental stability, but you have been known in the past as a very sharp, clever operator (which I guess we can take as a proxy for “smart”). However, as I’m sure you are aware (or once would have been), Donald, being “smart” and “stable” at age 20, or 30, or 40, or 50, or 60, is not at all an indicator of where you are at age 71.
  4. Hillary Clinton did not go down in flames. She garnered more popular votes than you, and your electoral victory was a modest one. That doesn’t mean you aren’t President, but, really, Donald, it’s unbecoming and a bit worrisome that you keep repeating the same (inaccurate) attacks over, and over, and over.
  5. Hyperbole is not your friend, Donald. You are not a sharpie real estate mogul any more. Claiming to be a “genius,” “and a very stable genius at that!” is not only really kind of goofy, but … well, it’s not really the sort of thing that is proven by asserting it, but by others observing it in your actions and words.

Actually, Donald, you’ve decried any criticism — even stuff using live quotes from you — as “fake news” from the first day you announced. This followed a long pattern of threatening to sue media outlets that posted material that you didn’t like.

The real problem, Donald, is that it’s unclear whether this is merely a rhetorical tactic (the quasi-grown-up equivalent of a grade-schooler answering ever accusation or criticism with a loud “Nuh-UH!”), or whether you’ve actually slipped a cog and simply believe that by denying it you can you make it all untrue.

 

I think, perhaps, it’s best to let the public make that judgment by watching the video of the interview (where Tapper basically had to cut off Miller who simply wanted to tout Trump as a triumphant genius without answering any questions) [2]

 

I have to ask our studio audience, is anyone else disturbed by the President of the United States not merely letting truth prevail (as Jefferson put it) when he feels falsely accused, but personally supporting creating a Media Event to mock journalists and news organizations he claims are “corrupt and biased”?

Because I’m disturbed by it.

Harry Truman suggested that those who can’t stand the heat should get out of the kitchen. Perhaps you consider that advice, Donald.

That is to say that people who have the money to invest in the stock market are making (if they cash out before it dips back down again) oodles of money. How much of that money is actually benefiting the folk who aren’t gambling on the market?

And let’s also be real — that creation of “value” is illusory. It’s creation of electronic records of wealth — nothing tangible is actually produced when the market goes up (or is lost when it goes down). And because of the nature of the market, the value only “exists” while a minimum number of people actually try to draw on it. If everyone went and sold off all their stock value increases over the past year, the market itself would crash and “lose” tremendous value.

Also the whole job thing? Kind of weird that you’d take credit there, given that job growth in 2017 was actually lower than job growth in 2016. Obama also managed to take the unemployment rate from 10% in the depths of the Great Recession down to 4.8% when he left office; the current 4.1% is nice, but not that huge of a change — certainly nothing in improvement approaching the continued stock market records.

Welp, that’s about it. Man, these things take a long time to write up, which is why I’ve largely given up doing so regularly, but it’s good to see the zaniness, narcissism, fragile ego, and lies haven’t diminished any since I stopped doing so. Hang in there Donald — I’m sure the rest of 2018 will be a hoot ad a half as well.

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Trump drops climate change as a national security threat

Indeed, in the Administration’s new National Security Strategy, it’s “an anti-growth energy agenda” that’s a threat to the world, and that only American can lead the way out of.

Which sounds like a weaselly way of saying that climate change is too expensive to deal with, particularly in terms of energy company profits, and the oil/coal/gas must flow, so suck it up, future, because Donald won’t be around in a few decades, so what the hell does he care what happens then?




Trump Administration Dropping Climate Change As National Security Threat
Hurricanes, floods, and fires don’t count.

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As with Climate Change, Republicans have become Economics Deniers

Do they actually believe in supply-side economics? Or is that just a rhetorical cover for cutting the taxes their donors want cut?

See also a couple of pertinent John Kenneth Galbraith quotations:




The Republican War on Economics
Even the most liberal Republican denies basic economics.

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Trumpists just want government to work for them … against everyone else

The “politics of resentment” are not about small government per se, as the GOP has ostensibly been fighting for. Rather, it’s a tribalistic demand that government work for the people — but not for all of the people.

The core of the ethnonationalist perspective is that a country’s constituent groups and demographics are locked in a zero-sum struggle for resources. Any government intervention that favors one group disfavors the others. Government and other institutions are either with you or against you.

What FOX and talk radio have been teaching the right for decades is that native-born, working- and middle-class whites are locked in a zero-sum struggle with rising Others — minorities, immigrants, gays, coastal elitists, hippie environmentalists, etc. — and that the major institutions of the country have been coopted and are working on behalf of the Others.

[…] From an ethnonationalist perspective, government overreach is when government tells people like me what to do. The proper role of government is to defend my rights and privileges against people like them.

If government is protecting Them, then it must, perforce, be oppressing Us. Some of this comes from the fact that, yes, as institutionalized discrimination against those other groups has been combated, it has meant that the folk who used to assume the lion’s share of the societal pie and representation of what it meant to be “American” are having to share more evenly. But it’s become particularly acute in the face of prolonged economic downturns and stagnation that have nothing to do with any of this, but which provides the very real (if misplaced) feeling of being oppressed and disadvantaged.

Add in fear-mongering and rabble-rousing by conservative media and pundits (e.g., the truly chilling 2009 Limbaugh quote in the story), and you’ve got a sizable fraction of the population suddenly ready to take up torches and pitchforks to overturn societal institutions — but just for their own benefit.

It is, indirectly, the seeming victory of the Ayn Rand philosophy: I’m going to grab mine, you go pound sand.




This one quote shows what angry white guys mean when they talk about government overreach
Don’t want toxic smoke blown in your face? Move to Sweden.

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One reason why Washington doesn’t worry a lot about Puerto Rico

It doesn’t count because it isn’t counted.

PR’s population statistics and its economic statistics (economic activity and inflation rate and unemployment) are tabulated by the US government, but not included in the national figures. So any economic downturn in PR from the impact of the hurricanes won’t be reflected in any national statistics about the economy, and so won’t cause any political headaches for national politicians.

And, of course, they don’t get to vote for anyone in Washington who matters, so they can be even more safely ignored.

Despite this, Puerto Ricans are, in fact, US citizens. For whatever that’s turning out to be worth.




Why Puerto Rico ‘doesn’t count’ to the US government

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Best government banking money can buy

The Trump Treasury Dept. has come out publicly against a Consumer Financial Protection Bureau (CFPB) rule that says a limited set of banks cannot use forced arbitration clauses to block class action suits against them. Because of course they did.

The GOP members of the House have already passed a CRA resolution to undo the CFPB’s rule. The GOP leadership of the Senate is moving forward with its side of the CRA to finalize the rule’s appeal. Because why should anyone ever need to sue a bank, or band together in a class action against something untoward or fraudulent a bank has done. I mean, that sort of thing never happens, right?




Treasury Dept. Says You Shouldn’t Have The Right To Sue Your Bank Or Credit Card Company
Forget the Sixth Amendment, which guarantees the “right to a speedy and public trial” in criminal matters. And who needs that ancient Seventh Amendment and its fancy “right of tri…

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To rob from the middle class and give to the rich

I mean, that sounds like liberal rhetoric, but that’s precisely what some in the GOP are considering with their plan to cut income and business taxes — with the greatest benefits going to the most wealthy in our country — and paying for some of the loss in federal revenue by reducing the amount that people can put into 401(k) plans.

401(k)s have been the centerpiece of retirement planning for decades for the middle class. They’re too paltry for the rich to worry about, and require more investment than the poor can afford. Thus, they are a tool for the middle class to sock away tax-reduced savings (the tax savings themselves being the most immediate incentive), to create retirement funds that make up for the societal loss of pensions, strong unions, and the constant threat to Social Security from the Right.

So of course the GOP would target that as a potential offset for tax cuts that add massive income savings for the richest among us, in both personal income taxes and business taxes. Because nobody should feel financially secure about the future except the most wealthy, because God doesn’t like people who aren’t prosperous, and you can know that because prosperous people don’t have to worry about their (temporal) future.

It might be worth your while, if you are at all looking at 401(k) investments to fund your retirement, to contact your congressional representatives and suggest to them that gutting your ability to save for retirement might result in their early retirement from the halls of power.




Republicans Consider Sharp Cut in 401(k) Contribution Limits – The New York Times
A move to reduce contribution limits would almost certainly prompt a vocal backlash from middle-class workers who save heavily in such retirement accounts.

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When is a “bailout” not a bailout?

It’s demonstrable that arguing Donald Trump’s policy proclamations are incoherent at best, dishonest at worse, is a futile gesture, as neither Trump nor his most rabid supporters care.

But it’s still worth noting, just for the record, that the whole “Obamacare insurance company bailout” argument both incoherent and dishonest, and that’s Trump’s proclamations will drive up both insurance premiums and the federal deficit. But, hey, it might cause the ACA to “collapse,” so it’s a big win for Trumpism, right?




No, Trump Did Not Cancel ‘Bailouts for Insurers’

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MasterCard transactions will no longer require a signature

MC has apparently given up on signatures as an identifying requirement on transactions, as of April 2018. Given that most people’s signatures are scrawls, few merchants actually compare the written signature to the sig field on the back of the card, and because an increasing number of transactions are online (no signature) or use a PIN (debit), MC says the impact on security and fraud prevention will be minimal.

I dunno. It still seems to me that something should be required beyond “Yes, I am absolutely authorized to use this card because, see, I am handing it to you from my own hand.” In theory, that would be a PIN for all cards, but the banking and credit card agencies in the US have rejected that solution because, they seem to believe, Americans are too stupid to do what folk in other countries manage to do.

On the other hand, if both the credit card agency and the merchants are happy with this change, then clearly they know something I don’t.

We’ll see if Visa, Discover, AmEx, etc., follow MC’s lead here. Presumably they will.




MasterCard Ending Signature Requirements
For as long as we can remember, paying with a credit card required you to sign your name on the dotted line. While this system has changed over the years — mandating your John Hancock only for purc…

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For all you cretins saying “Why bother helping Puerto Rico recover?”

… and then adding, implicitly or explicitly, “It’s not like they’re real Americans anyway, amirite?” Believe it or not, and ignoring the human toll on the island that you seem to be so willing to do (“I mean, they don’t even talk American!”), it appears that PR is a major manufacturing site for pharmaceuticals that save lives of, yes, other Americans on the mainland.

The products affected are smaller-volume bags of sodium chloride, known as saline, and dextrose. These normally ubiquitous solutions are used to rehydrate patients and to dilute medications from antibiotics to painkillers to cancer drugs. Their manufacturer, Baxter International, has said that “multiple production days” were lost in the wake of Hurricane Maria, and it has set up an allocation system for hospitals based on past purchases.

[…] More than four dozen FDA-approved drugmaking facilities are in Puerto Rico, including ones owned by Pfizer Inc., Merck, Eli Lilly, Johnson & Johnson, Bristol-Myers Squibb and Amgen. The plants produce treatments for cancer and HIV, as well as immunosuppressants for patients with organ transplants. Among the top-selling medications manufactured there are the blood thinner Xarelto and the cholesterol drug Lipitor, according to a report by Healthcare & Life Sciences Review.

While some of the plants were damaged, the delays in getting power and water restored have also been an issue, as well as being able to haul via truck and ship in and out raw materials and the finished pharma products. Hell, given the devastation it’s been hard for workers to come into the plants, those which haven’t had to evacuate.

So, yeah, maybe doing more to help those fellow Americans would actually be helpful to all Americans. Crazy idea, I know, but it just might work.




washingtonpost

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The GOP federal tax plan has already been tried. In Kansas. It failed.

Kansas serves as a cautionary tale for the whole concept of “if we cut taxes, the economy will thrive and we’ll end up pulling in more tax revenue anyway” that underlies Republican claims around their tax proposals. Making the rich richer, cutting taxes on businesses that already manage to exempt themselves to zero tax liability, doesn’t spread the money around, no matter what horse-and-sparrow trickle-down proponents claim. Kansas is only the latest example demonstrating the failure. The GOP in Congress seem determined to create a new one.




Kansas Warns Congress Not to Repeat Its Tax-Cut Mistake – The Atlantic
Kansas Republicans say they are worried that Congress and the Trump administration will repeat the mistake they made in enacting budget-busting tax cuts.

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“Some men just want to watch the world burn”

Why would Donald Trump impose tariffs on imported solar panels, when even conservative groups like the Heritage Foundation think is awful policy?

Because he can.

Because then he’s imposing tariffs and can tell his base that he’s sticking it to those unfair foreigners and all their dumping and job stealing, even if it does nothing to bring jobs to the US.

And because then he can say to his coal-mining buddies, “See? People said coal was dying because the economics weren’t there. Well, now you owe me.”

And because for him it’s flipping a big middle finger at all the tree-hugging, climate-change-believing, pussy liberals he so despises and whose outrage he’ll relish as a sign that he’s the biggest alpha dog in the pack and can piss on anything he wants.

It’s not about policy. It’s never about policy. It’s about ego.




Trump Is About to Stifle U.S. Solar Power. Why?
He’ll also hamper the fight against climate change.

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Building Go Boom!

The Jones Cable building has seen better days from a business perspective, with the parent company having sold off its cable business a couple of decades ago and thus losing the need for a headquarters structure. But it was still a very cool, modernish building along I-25 that I passed by regularly.

But won’t be any more, as it was demolished on Sunday morning. The area is going to be built up into a large mixed-use development, which sounds keen but will probably add to traffic problems on both the interstate exits bracketing it.

Cool demolition videos in the attached article (and, an autoplaying TV station, alas).




Building Implosion Kicks Off Development Project
A building was demolished at dawn Sunday in Centennial to make way for a new development.

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Toys R Us is expected to file for bankruptcy this week

Yikes.

It’s not quite as dire as it seems — a lot of the maneuver seems to be to reorganize debt from multiple investors, in time to stock up for holiday toy sales. But it’s yet another sign of deep weakness in the US retail sector, an aspect of the economy that doesn’t get mentioned as much as it should.




Toys R Us could file for bankruptcy as soon as this week, sources say
The potential bankruptcy comes ahead of the crucial holiday season, when the retailer does the majority of its sales.

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Social Security Numbers are broken. What is the alternative?

We are increasingly a data-driven world. There are electronic records about us everywhere, and we rely on them in a thousand different ways to identify us.

But anyone who’s ever worked with a system that tries to reliably and consistently identify people knows that it’s a problem. What identifier is ever continuous or persistent? Names have a dozen variations and spellings, and can be changed (for legal, marital, or other personal reasons). Addresses are inconsistent, as are phone numbers (though mobile numbers are getting more portable and perpetual, anyone can still change them). State IDs like drivers licenses are … well, bounded by the state, so a person could have more than one over time.

The closest thing we have in the US to a national identification number is the Social Security Number — a unique identifier that used to be issued upon going to work, and now is obtained at birth, and stays with the person perpetually.

The SSN has some significant problems, though. It’s a unique identifier, but is also meant to be a secret (or at least confidential) one. Employers have to know it for tax reporting purposes, but are not allowed to use it as an employee number. People doing credit checks of you ask for it, but aren’t supposed to reveal it to anyone else. Knowledge of it is considered to be an essential part of personal security, such that someone knowing your SSN (even the last four digits!) can pretend to be you for a number of sensitive purposes.

That’s not only problematic in trying to actually identify you, but it’s increasingly untenable. The Equifax break-in put 134 million SSNs into the wild — but then we are told that we have to be careful monitoring our credit because companies (and the IRS!) will still treat knowledge of our SSN as proof that someone is us, even though they know that strangers now have that information.

Or, as the article says, an SSN is not just your userid, but still serves as your password. And that’s crazy from a security standpoint.

The article’s basic suggestion that the SSN needs to be retire from at least one of those functions it carries — userid or password — is spot-on. The question becomes which one, and what to replace it with, and how to make that work in terms of valid initial assignment (if we can’t get everyone registered to vote, how do we get them a new national ID?), in the face of fraud (though SSN-related fraud is largely due to it being a quasi-secret number), error (how do you correct erroneous data associated with your identity, and prove that you have the right to assert that it’s erroneous), and potential abuse (if all the facts about you are associated with a single number, someone in authority can find out anything about you) and paranoia (OMG IT’S THE NUMBER OF THE BEAST AIEEEEE!).

But those are implementation details to work out (if non-trivial ones). The current situation — SSNs are so “secret” that knowing them is “proof” that you are you, but so unsecret that tens of millions of them are known to hackers — is unworkable, and will only grow more so over time.

[h/t +John E. Bredehoft]




Time to Retire Social Security Numbers | RealClearPolicy
There’s no way to sugarcoat it: The hackers who breached the credit bureau Equifax scored big. They made off with the personal identities of 143 million Americans — names, Social Security…

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Men’s jobs, women’s jobs, and jobs that have shifted from one to the other

Some neat statistical analysis and visualization here about jobs that, from 1950 to 2015, remain predominantly one gender, are evenly split, or have substantially changed.

There are few (good) reasons for such divisions; most seem to be cultural. Still, it’s a remarkably different world than at the beginning of the period, where most such differences were seen not just “how things are,” but actively dictated by God and/or Nature. There seems to be less of that sort of attitude today (at least in the circles I circle in), if still a certain, “Well, this is something we [gender] do, so why are you wanting to do it?” social snubbery.

It will be interesting to see how this continues to evolve.




Most Female and Male Occupations, Since 1950
The shifting majorities of the sexes in the workplace.

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On GOP Tax Reform

It isn’t often one mixes metaphors between Peanuts with John Kenneth Galbraith, but let me try, as I love this phrasing (emphasis mine):

Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.

— Galbraith, “Recession Economics,” New York Review of Books (4 Feb 1982)

Cutting taxes on the rich and saying it will benefit everyone “downstream” is a scam. There might be some marginal benefit, but the rich will extract as much “nutrition” from those “oats” as they can before “passing” them on.

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A rail line that runs along the Front Range? Inconceivable!

Or, on the contrary, the idea of a passenger rail service running from Ft Collins to Pueblo seems to be a no-brainer. But, apparently, someone needs to figure out who is going to pay for it and who will make it profitable.

Were I the municipalities outside of Denver that would be stops along the way, I would be begging to throw money at this idea. Hell, Denver itself would benefit from having commuter connections from Ft Collins and Colorado Springs outside of bus service.




Colorado commission works on plan for Front Range passenger rail
A state commission has begun exploring ways to realize Colorado transportation officials’ vision of passenger rail service that stretches up and down the Front Range.
The commission, which includes government representatives from Denver to Trinidad, has until Dec. 1 to submit to the legislature a plan detailing steps forward and funding options. The ultimate hope is a commuter rail that runs from Fort Collins to Pueblo, which probably would cos…

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