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By now just about everyone knows that hackers from China attacked The New York Times and The Wall Street Journal. The obvious question is how they know that.
Grady Summers of Mandiant, a cyber security firm hired by the Times, appeared on PBS Newshour last night to describe how they figured out it the attack was coming from China.
"We take this issue of attribution very seriously—we don't just casually toss out a country or particular threat actor," Summers said.
He then details how Mandiant's method is like that of a real-life detective.
Watch Summers describe the process:
<div>Please enable Javascript to watch this video</div>Through Mandiant the New York Times figured out that the hackers from China was attempting to access the emails of a few China-based journalists. The writers had just published a piece of investigative journalism on Chinese Prime Minister Wen Jiabao.
From the Times:
The timing of the attacks coincided with the reporting for a Times investigation, published online on Oct. 25, that found that the relatives of Wen Jiabao, China’s prime minister, had accumulated a fortune worth several billion dollars through business dealings.
The Times says that through cyber espionage, the hackers were hoping to find human sources of information for the aforementioned article.
Oddly enough though, the journalists say all the information was in Chinese public records.
China's hack on the New York Times is yet another of many headlines we've seen over the past year, and emphasizes the Defense Department's push to gird America's cyber-offensive and defensive capabilities.
SEE ALSO: Chinese Hackers Could Have Disrupted The New York Times Publishing System >
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Google has long had a testy relationship with China, with the search giant largely pulling out of the Chinese market after alleging that state-backed hackers had targeted the company's systems and employees.
Chairman Eric Schmidt's forthcoming book, "The New Digital Age," will not smooth things over, judging by a description of the work by the Wall Street Journal, which has reviewed galleys of the unreleased title.
"... in this all-Internet world, China, the book says again and again, is a dangerous and menacing superpower," Tom Gara writes.
Schmidt cowrote the book with Jared Cohen, a former State Department official who now runs a Google think tank.
Here's a summary of the charges Schmidt and Cohen lay against China:
The country is “the world’s most active and enthusiastic filterer of information”;
It is “the most sophisticated and prolific” entity targeting Western companies with cyberattacks;
It is willing to commit cybercrimes in pursuit of state goals, which the United States is not willing to do because of "the American sense of fair play."
Schmidt and Cohen predict, however, that the Chinese government's attempt to keep its citizenry under tight control will lead to "widespread instability" and "some kind of revolution" down the road.
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By Lucia Mutikani
WASHINGTON -- U.S. job growth grew modestly in January and gains in the prior two months were bigger than initially reported, supporting views that the economy's sluggish recovery was on track despite a surprise contraction in output in the final three months of 2012.
Employers added 157,000 jobs to their payrolls last month, the Labor Department said on Friday. There were 127,000 more jobs created in November and December than previously reported. The unemployment rate, however, edged up 0.1 percentage point to 7.9 percent.
The closely watched report also showed an increase in hourly earnings and solid gains in construction and retail employment.
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Coming on the heels of data on Wednesday showing a surprise contraction in gross domestic product in the fourth quarter, that should ease any worries the economy was at risk of recession, even though the unemployment rate ticked up. The GDP contracted at a 0.1 percent annual rate in the fourth quarter, largely because of a sharp slowdown in the pace of inventory accumulation and a plunge in defense spending. A monster storm that hit the East Coast in late October also weighed on output, a drag that should lift this quarter.Federal Reserve officials said on Wednesday that economic activity had "paused," but they signaled optimism the recovery would regain speed with continued monetary policy support. The Fed left in place a monthly $85 billion bond-buying stimulus plan. Economists polled by Reuters had expected employers to add 160,000 jobs and the unemployment rate to hold steady at 7.8 percent last month.
More: Weekly Jobless Claims Increase Slightly As Employment Market Improves
Though the unemployment rate dropped from a peak of 10 percent in October 2009, that was mostly because some unemployed Americans gave up the search for work because of weak job prospects. The share of the working age population with a job has been below 60 percent for almost four years. All the job gains in January were in the private sector, where hiring was as broad-based as it was in December and declines in public sector employment remained moderate.
Steady job gains could help the economy weather the headwinds of higher taxes and government spending cuts. A payroll tax cut expired on Jan. 1 and big automatic spending cuts are set to take hold in March unless Congress acts.
More: ADP Report Claims 192,000 Jobs Added In January
The goods-producing sector showed a third month of solid gains, with manufacturing employment advancing for a fourth straight month. Construction payrolls increased 28,000, adding to December's healthy 30,000 gain.Construction jobs are expected to rise further as the housing market recovery gains momentum. Housing is expected to support the economy this year, taking over the baton from manufacturing.
Within the vast private services sector, retail jobs increased by a solid 32,600 jobs after rising 11,200 in December. Retail employment has now risen for seven straight months. Education and health payrolls added 25,000 jobs in January after employment grew by the most in 10 months in December.
Government payrolls dropped by 9,000 last month after falling 6,000 in December. The pace is moderating as local government layoffs, outside education, subside.
Average hourly earnings rose four cents last month. Hourly earnings have been rising steadily. They were up 2.1 percent in the 12 months through January.
"It may be that we are now getting to a point in the labor market where we are going to see an upward creep in average hourly earnings," said RDQ Economics' Ryding, chief economist at RDQ Economics in New York.
"That's going to be good for the consumer and they need help because they are being whacked by the payrolls tax increase," he said before the release of the report.
The length of the workweek for the average worker was steady at 34.4 hours for a third straight month.
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Source: http://jobs.aol.com/articles/2013/02/01/unemployment-jobless-january-jobs-report/
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No group has yet claimed responsibility for the attack on the U.S. Embassy today in Akara, Turkey, but initial reports from the Turkish interior minister point to a prominent leftist terror group that operates within their borders.
The group responsible is the Revolutionary People's Liberation Party-Front (DHKP-C), a radical Marxist-Leninist group that has operated within Turkey since 1994, according to Interior Minister Muammer Guler.
They are designated as a foreign terrorist organization by the U.S. State Department.
They splintered from a group started in 1978 named Revolutionary Youth due to factional in-fighting. They are virulently anti-Turkey, anti-U.S., and anti-NATO and finance their operations through donations and extortion.
The organization has had many successful attacks in the past: they assassinated two military contractors and wounded a U.S. Air Force officer in 1990, launched rockets at the U.S. Consulate in Istanbul in 1992, and assassinated a prominent Turkish businessman and two others in 1996.
They added suicide bombings to their tactics in two successful attacks against Turkish police in 2001.
This post will be updated as more information comes in.
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Apple has just revealed the processor that will enable the company to produce the world’s first ultra-high resolution tablet in the range of seven to eight inches, otherwise known as a Retina display iPad Mini. But it’s in a funny place, observes Marco Arment, developer of news-saving app Instapaper: The Apple TV.
The specifics are a bit arcane, but here’s Arment’s logic: The processor in the third-generation iPad, the A5X, is the least-powerful processor Apple ever made that could support the enormous number of pixels in a Retina display of the size of an iPad’s screen. (Retina is Apple’s trade name for its high-resolution displays.) But the A5X was too big, too hot, and too power-hungry to ever end up in another portable device, least of all an iPad Mini. That’s why Apple created the next-generation CPU, the A6X, for the current, fourth-generation iPad.
But it appears that the new Apple TV not only resurrects the A5X processor, but uses an enhanced version of it, in which the features of the chip have been carved from silicon at a smaller size than the original A5X. (To engineers and geeks, this is known as the chip’s “process.”) All other things being equal, microchips with smaller features use less power and run cooler. Hence, the enhanced A5X CPU in the new Apple TV is the perfect (lowest power, lowest cost) microprocessor for a Retina iPad Mini.
To be clear, Apple has not announced a Retina iPad Mini. (We’ve reached out to Apple for comment on the details of Arment’s speculation, and will update when we hear from it.)
Here’s the larger significance of this development: It’s very likely that a high-resolution iPad Mini would be the most perfect tablet ever. Many reviewers have commented that tablets that are around seven inches diagonally are the perfect size for the things we actually do with tablets. The one drawback of the iPad Mini, which along with Google’s Nexus 7 is the best of breed, is that its screen isn’t the ultra-high resolution kind that users have come to expect since the iPhone 4. Retina screens aren’t just nice to have—they’re also easier to read on and more pleasant in general, because they are right at the limit of precision of our eyes.
A Retina display iPad Mini, in other words, is likely to be the first of a sort of tablet that we will all be using for as long as tablets are still a part of our lives.
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The A-10 Thunderbolt is a bit of a miracle. It flies slow and low under the most cantankerous weather conditions while delivering highly advanced weapons to troops that need them most.
Imagine the moment behind a sliver of cover, knowing precisely how many rounds are between capture and freedom when the heavy droning sound of the A-10 cascades in from the distance.
The deep breath of relief inspired by the A-10 is like noting else in the world because no more reassuring sound exists than the twin engines of the A-10 Thunderbolt screaming in from the distance.
That's what you think anyway, until you hear the 30mm Gatling gun pounding 3,500 rounds per minute at the guys just trying to end you.
That's when it hits and you finally understand the truly most reassuring sound you'll ever hear.
The A-10 is an old plane, that continues to provide massive air support to ground troops with that cannon and missiles that can take out a main battle tank in a single shot.
Sometimes old is good. And sometimes a single sound can turn an entire battle around.
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It is the time of year again, when America’s largest retailers release those critical holiday season figures and disclose their annual sales. A review of these numbers tells us a great deal about how most of the companies will do in the upcoming year.
And while successful retailers in 2012 may add stores this year, those that have performed very poorly may have to cut locations during 2013 to improve margins or reverse losses.
For many retailers, the sales situation is so bad that it is not a question of whether they will cut stores, but when and how many. Most recently, Barnes & Noble Inc. decided it had too many stores to maintain profits. Its CEO recently said he plans to close as many as a third of the company’s locations.
Several of America’s largest retailers have been battered for years. Most have been undermined by a combination of e-commerce competition, often from Amazon.com Inc. and more successful retailers in the same areas. Borders and Circuit City are two of the best examples of retailers that were destroyed by larger bricks-and-mortar competition and consumers transitioning to online shopping. These large, badly damaged retailers could not possibly keep their stores open.
Currently, the best example of a struggling retailer is J.C. Penney Co. Inc. The department store chain’s third-quarter revenue dropped more than 26% year-over-year, and its same-store sales fell by about the same. With J.C. Penney’s e-commerce sales slipping by an ever greater amount, it was left with nowhere to go for bottom line improvement other than deep cost cuts.
Store closings can bring a retailer some relief and may not always portend its demise. Gap announced in 2011 it would shutter 21% of its U.S. store base. It has since transformed itself into a much more successful clothing retailer. As the retailer completes the process of downsizing, its store operations likely will become even more efficient and its margins greater.
Very few retailers get into sudden trouble. Chains like Kmart and RadioShack Corp. have struggled for years just to stay in place. Their brands have lost much of their luster. Their stores have become old and their locations no longer attractive. The consumer’s perception is that the products they sell can be found elsewhere, usually at a cheaper price, and at retailers with better customer service and wider selections of products.
24/7 Wall St. reviewed the weakest large U.S. retailers and picked those that likely will not be profitable next year if they keep their current location counts. 24/7 analyzed the retailers’ store counts, recent financial data. online presences, prospects against direct competitors and precedents set by other large retailers that have downsized by shuttering locations. We then forecast how many stores each retailer will have to close this year to sharply increase its prospects financially, even if some of those location closings do not occur for several years. These forecasts were based on drops in same-store sales, drops in revenue, a review of direct competitors, Internet sales and the size of cuts at retailers in the same sector, if those were available.
These are the eight retailers that will close the most stores in 2013.
Forecast store closings: 200 to 250
Number of U.S. stores:1,056
One-year stock performance: -36.8%
The holiday season was rough for Best Buy Co. Inc. Same-store sales declined by 1.4% year-over-year, with international stores posting a 6.4% decline while U.S. same-store sales were flat. Companywide, the electronics retailer reported that holiday revenue had declined to $12.8 billion from $12.9 billion the year before. In the most recent completed quarter, during which same-store sales declined 4.3%, the company reported a loss of $0.04 per share. Best Buy has been plagued by customers “showrooming” — looking at products in the store and then purchasing them online — in recent years. Speculation persists that former chairman and founder Richard Schulze may buy out the company.
Forecast store closings: 190 to 240, per company comments
Number of U.S. stores: 689
One-year stock performance: 8.95%
The move by customers away from print books toward digital books has hurt Barnes & Noble Inc. Same-store sales during the nine-week holiday season fell by 8.2% year-over-year. The bookseller has tried to offset the declines in physical book sales with its Nook e-book reader device, but sales of that device fell 13% compared to the previous year. The company already has begun cutting down the number of its stores in the past several years. In a recent interview with the Wall Street Journal, the head of the retail group at Barnes & Noble said he expected the company to have just 450 to 500 retail stores in 10 years.
Forecast store closings: Kmart 175 to 225, Sears 100 to 125
Number of U.S. stores: 2,118
One-year stock performance: 8.8%
Both Sears and Kmart have been going down the tubes for a long-time, steadily losing their middle-income shoppers to retailers such as Wal-Mart Stores Inc. and Target Corp. Sears Holdings Corp.’s same-store sales have declined for six years. In the most recent year, same-store sales at the namesake franchise fell by 1.6% and at Kmart by 3.7%, compared to the year-ago period. The company is already in the process of downsizing its brick-and-mortar presence. In 2012, Sears announced it was shutting 172 stores. CEO Lou D’Ambrosio is leaving the company in February, to be replaced by chairman and hedge-fund manager Edward Lampert. Lampert has minimal operating experience in retail management.
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