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Bed Bath &
Beyond Warns of Possible Bankruptcy
by Axios
Bed Bath & Beyond — whose
20% coupons, towel towers and wedding registry
have been a staple of the American shopping
landscape — warned Thursday that its dismal
performance threatens the company's future.
Driving the news: The beleaguered retailer said
in a public filing that it faces "substantial
doubt" about its ability to continue operating
on its own — and that it could file for
bankruptcy protection. Why it matters: Bed Bath
& Beyond still had some 32,000 employees and
955 stores as of last summer. That included the
company's other properties: buybuy Baby and
Harmon. State of play: Bed Bath & Beyond has
been distressed for years, having failed to
reinvent itself in the digital age despite
efforts to declutter its stores and remake its
coupon strategy. The retailer said Thursday that
it expects to report a 33% sales decline in the
quarter that ended Nov. 26, "driven by lower
customer traffic and reduced levels of inventory
availability, among other factors." The company
also said it expects to report a net loss of
$386 million, up from $276 million a year
earlier.
Scotland Police
Rename Pedophiles as "Minor Attracted People"
at Direction of E.U.
by European
Conservative
After facing sharp criticism
for referring to pedophiles as “minor-attracted
people”—a label used to normalize sex abuse
against children—in a high-level report,
Scottish police have stated that they did so at
the direction of the European Union. Scottish
Police Chief Constable Iain Livingstone, in his
year-end report which provides an overall
assessment of policing performance for the
annum, said that the force had been working to
support a European project whose stated primary
objective is to “avoid the victimization of
children by engaging Minor-Attracted People
(MAPs) and provide them with the necessary
support, treatment and guidance to help prevent
criminal activities.” Following intense publish
backlash, with many suggesting the police were
attempting to normalize sex crimes against
children, a police spokesman claimed that the
phrase “minor-attracted people” was not commonly
used to describe pedophiles, and explained that
the annual report’s reference to MAPs had to do
with the police force’s involvement with the
European Union’s Horizon Europe
Project—Prevention of Child Sexual Exploitation.
Taiwan's
Anti-Ship Missile Program Sends Instrument to
China by Mistake
by Maritime
Executive
Taiwan's missile development
institute has come in for criticism after it
sent a measurement device used for antiship
missile production out for repairs - and it
ended up in mainland China. Taiwan's National
Chung-Shan Institute of Science and Technology
(NCSIST) designs and builds the nation's
antiship missiles, including the heavyweight
Hsiung-Feng III (Brave Wind III). On its
production line for the Hsiung-Feng III, the
NCSIST uses a precision theodolite to take
measurements of the missile, the launcher and
other elements related to missile setup and
testing. The device of choice is built by a
Swiss manufacturer and is commonly employed in
aerospace, shipbuilding and other manufacturing
industries for the precise measurement of large
objects. NCSIST purchased two theodolites in
2021. While the units were still under warranty,
the institute decided to send them back to the
Taiwanese distributor for factory service. The
data cards containing measurement information
were removed, and the equipment was shipped to
Switzerland for repairs. The theodolites came
back in good working order some months later.
However, the device's repairs were actually
carried out somewhere else - a regional service
hub in Qingdao, China. When the delivery of two
antiship missile test instruments to the
mainland was discovered, it came as unwelcome
news for Taiwanese security officials: any
accidental release of data on the Hsiung-Feng
III's systems and capabilities could allow China
to engineer better defenses.
Japan to Use
Self-Defense Forces to Guard Nuclear Power
Plants
by Nikkei
The Japanese government will
task the country's Self-Defense Forces with
protecting critical infrastructure, such as
nuclear power plants, as it plans to respond
immediately if civilian facilities become the
target of an attack. According to people
familiar with the government's thinking,
authorities will revise the SDF's operating
policy, which is currently limited to responding
to emergencies, and conduct peacetime drills
with the police and Japan Coast Guard in
municipalities where the SDF is located to
practice intercepting missiles. In Japan's
National Security Strategy, which was approved
by the cabinet in December, the government
states that measures to ensure the safety of
critical facilities will be taken, not only in
the event of an armed attack but in the run-up
to a crisis that does not lead to such an
attack.
Netanyahu Warns
Iran Deal Still Possible, Vows to Revert to
"Openly" Opposing It
by Times
of Israel
Prime Minister Benjamin
Netanyahu said Tuesday that he would change
Israel’s strategy toward countering Iranian
nuclear ambitions, promising to bring the fight
back to the court of public opinion. Speaking at
a cabinet meeting, Netanyahu said that it was
still a “possibility” that Western powers would
resuscitate efforts to sign a nuclear deal with
Iran and that he would apply public pressure to
prevent it. The most recently discussed nuclear
agreement with Iran was panned as a “bad deal”
by Israel’s previous government and security
establishment, because it would release billions
of dollars to Tehran without guaranteeing a real
curb to its nuclear ambitions. Israel has long
vowed it will act to ensure Iran does not obtain
nuclear weapons.
Google Paying
Indiana $20 Million to Resolve Privacy Suit
by Insurance
Journal
Google will pay Indiana $20
million to resolve the state’s lawsuit against
the technology giant over allegedly deceptive
location tracking practices, state Attorney
General Todd Rokita announced. Rokitas filed a
separate lawsuit against Google when
negotiations between the company and a coalition
of state attorneys general stalled, he said.
Those states agreed to a $391.5 million
settlement with the company in November. As a
result of the separate lawsuit, Indiana received
about twice as much money as it would have under
the deal with the 40 states in the coalition,
Rokita said in his announcement. States began
investigating after a 2018 Associated Press
story that found that Google continued to track
people’s location data even after they opted out
of such tracking by disabling a feature the
company called “location history.” Google did
not admit to any wrongdoing as part of the deal
with Indiana. Indiana’s lawsuit alleged Google
uses location data to build detailed user
profiles and target ads. It alleged that the
company has deceived and misled users about its
practices since at least 2014. Rokita said he
sued Google because even a limited amount of
location data can expose a person’s identity and
routines. Such data can be used to infer
personal details such as political or religious
affiliation, income, health status or
participation in support groups, as well as
major life events such as marriage and the birth
of children, he said.
U.K.
Cost-of-Living Payments: Three Installments
Totaling £900 Confirmed
by BBC
Eight million people receiving
benefits and on low incomes will receive their
£900 cost-of-living payments in three
instalments, the government has said. The first
payment of £301 will be made in the spring, with
a second of £300 in the autumn and a final £299
instalment in the spring of 2024. Exact dates
are yet to be finalised, but ministers said the
money would help households with high energy
bills. A £400 discount for all energy billpayers
looks set to end by April. Charities have called
on the government to do more to protect
vulnerable households from soaring costs,
claiming that support had not improved for those
already struggling. The government also
confirmed that a £150 cost-of-living payment
would automatically go to those with
disabilities during the summer, and a further
£300 payment would be paid to pensioners during
the winter of 2023-24. Cost-of-living payments
have provided additional support for more
vulnerable households, or those with higher
energy costs, since the summer. The government
also set a cap on the unit price of energy for
households, which means the typical household
pays £2,500 a year. This will rise to £3,000 a
year when the cap is reset in April. However,
the universal £400 discount, which is being paid
in monthly instalments over this winter is not
expected to be continued.
Japan's
Business Owners Can't Find Successors as Young
Dwindle
by New
York Times
Hidekazu Yokoyama has spent
three decades building a thriving logistics
business on Japan’s snowy northern island of
Hokkaido, an area that provides much of the
country’s milk. Last year, he decided to give it
all away. It was a radical solution for a
problem that has become increasingly common in
Japan, the world’s grayest society. As the
country’s birthrate has plummeted and its
population has grown older, the average age of
business owners has risen to around 62. Nearly
60 percent of the country’s businesses report
that they have no plan for what comes next.
While Mr. Yokoyama, 73, felt too old to carry on
much longer, quitting wasn’t an option: Too many
farmers had come to depend on his company. “I
definitely couldn’t abandon the business,” he
said. But his children weren’t interested in
running it. Neither were his employees. And few
potential owners wanted to move to the remote,
frozen north. So he placed a notice with a
service that helps small-business owners in
far-flung locales find someone to take over. The
advertised sale price: zero yen. Mr. Yokoyama’s
struggle symbolizes one of the most potentially
devastating economic impacts of Japan’s aging
society. It is inevitable that many small- and
medium-size companies will go out of business as
the population shrinks, but policymakers fear
that the country could be hit by a surge in
closures as aging owners retire en masse. In an
apocalyptic 2019 presentation, Japan’s trade
ministry projected that by 2025, around 630,000
profitable businesses could close up shop,
costing the economy $165 billion and as many as
6.5 million jobs. Economic growth is already
anemic, and the Japanese authorities have sprung
into action in hopes of averting a catastrophe.
Government offices have embarked on public
relations campaigns to educate aging owners
about options for continuing their businesses
beyond their retirements and have set up service
centers to help them find buyers. To sweeten the
pot, the authorities have introduced large
subsidies and tax breaks for new owners.
U.S. Judge
Orders Norwegian Cruise Line to Pay $110
Million for Use of Cuba Port
by Maritime
Professional
Norwegian Cruise Line must pay
$110 million in damages for use of a port that
Cuba's government confiscated in 1960, a U.S.
judge ruled on Friday, a milestone for
Cuban-Americans seeking compensation for
Cold-War era asset seizures. The decision by
U.S. District Judge Beth Bloom in Miami follows
her March ruling that the use of the Havana
Cruise Port Terminal constituted trafficking in
confiscated property owned by the plaintiff,
Delaware-registered Havana Docks Corp. Norwegian
Cruise Line did not immediately respond to a
request for comment. Cuban President Miguel
Diaz-Canel has harshly criticized the
Helms-Burton Act, describing it as an
extra-territorial violation of international
law. Havana Docks had also sued cruise lines
Carnival, Royal Caribbean and MSC under the
Helms-Burton Act, which allows U.S. nationals to
sue over use of property seized in Cuba after
1959. The ruling could fuel more lawsuits by
Cuban exiles pursuing claims, which according to
one estimate are worth $2 billion, over asset
seizures under late Cuban leader Fidel Castro.
It may also serve as a reminder to multinational
firms of the complications that can come with
doing business in Cuba.
Latest Launch
Marks 64th Mission for China in 2022
by Space
Daily
China launched a Long March 3B
carrier rocket on Thursday afternoon to
transport an experimental satellite into space,
completing the busiest year in terms of launch
numbers for the country's space industry. The
rocket blasted off at 12:43 pm at the Xichang
Satellite Launch Center in Southwest China's
Sichuan province and then deployed the Shiyan
10-02 experimental satellite into a preset
orbit, China Aerospace Science and Technology
Corp, the nation's leading space contractor,
said in a news release. Among the Long March
flights in 2022, the Shanghai Academy of
Spaceflight Technology carried out 30, while 23
were made by the China Academy of Launch Vehicle
Technology. Both are subsidiaries of China
Aerospace Science and Technology Corp. Multiple
sources inside China's space industry confirmed
on Thursday that there will be no other launches
in the country this year. This was the first
time that China conducted more than 60 rocket
liftoffs in a year. Long Lehao, a top rocket
scientist at the China Academy of Launch Vehicle
Technology, said on Thursday that about 27
percent of all Long March flights this year were
undertaken by new types of rockets developed in
recent years. In 2021, China conducted 55 space
launches, with the Long March series carrying
out 48 of them. The final launch last year was
also made by the Long March 3B model.
China Starts
Work on the World's Largest Desert-Based
Energy Project
by Oilprice.com
China has broken ground on a
renewable energy project worth an estimated $11
billion in the province of Inner Mongolia.
According to a Bloomberg report, the project
will have a capacity of 16 GW and produce some
40 billion kWh of electricity to Beijing and the
provinces of Tianjin and Hebei. The project will
combine solar, wind, and upgraded coal power,
and is set to become the largest renewable
energy project in a desert region. China is the
country with the greatest wind and solar
generation capacity and it has one of the most
ambitious investment programs for renewables,
despite its still-heavy reliance on fossil
fuels. Besides being the world’s largest wind
and solar power generator, China also dominates
the market for solar panel components,
particularly panels, and is on an international
expansion path with its wind energy technology.
This dominance has put Europe and the U.S. on
high alert as political relations between these
two and China have not been the best lately. As
a result, both the EU and the U.S. are trying to
reduce their dependence on China in renewable
energy but with few alternatives readily
available, it would be a difficult task.
Egypt's
Currency Crisis Is Creating a Massive Port
Backlog
by The
Maritime Executive
A major hard currency crisis in
Egypt is causing a massive backlog across the
country’s ports, where goods worth $9.5 billion
are stuck - even as the government engages in
desperate measures to facilitate their release
and avoid a spike in the prices of essential
commodities. With Egypt sinking deeper into a
prolonged economic crisis, exacerbated by the
Russian invasion of Ukraine, the country’s ports
have recently been clogging up with goods due to
a dollar shortage, a crisis which has been
worsened by a substantial nosedive of the
Egyptian pound. The currency has depreciated by
about 36 percent since the beginning of the
year. Over the period from December 1-23, the
government - which has imposed restrictions on
imports to save foreign currency - managed to
release goods worth $5 billion. Other cargoes
worth $9.5 billion are still being held at the
country's ports awaiting the securing of dollars
required to release them. Priority is being
given to food products, food manufacturing
components, medicines and production goods.
Israeli
Minister Sees Possible Attack on Iran "in Two
or Three Years"
by Arab
News
Israel could attack Iranian
nuclear sites in two or three years, its defense
minister said on Wednesday, in unusually
explicit comments about a possible timeline.
With international efforts to renew a 2015
nuclear deal having stalled, the Iranians have
ramped up uranium enrichment, a process with
civilian uses that can also eventually yield
fuel for nuclear bombs — though they deny having
any such design. Experts say Iran could
potentially raise the fissile purity of its
uranium to weapons-grade in short order. But
building a deliverable warhead would take it
years, they say — an estimate echoed by an
Israeli military intelligence general this
month. “In two or three years, you may be
traversing the skies eastward and taking part in
an attack on nuclear sites in Iran,” Defense
Minister Benny Gantz told graduating air force
cadets in a speech. For more than a decade,
Israel has issued veiled threats to attack its
arch-enemy’s nuclear facilities if it deems
world powers’ diplomacy with Tehran a dead end.
However, some experts doubt Israel has the
military clout to deliver lasting damage to
Iranian targets that are distant, dispersed and
well-defended. Under an ambiguity policy
designed to deter surrounding foes while
avoiding provocations that can spur arms races,
Israel neither confirms nor denies having
nuclear weaponry. Scholars believe it does,
having acquired the first bomb in late 1966.
Unlike Iran, Israel is not a signatory to the
voluntary Non-Proliferation Treaty of 1970,
which offers access to civilian nuclear
technologies in exchange for the forswearing of
nuclear weaponry.
Vivid New
Photos Give Look at the Islands China Has
Fully Militarized
by Business
Insider
Want to see what China's island
bases in the South China Sea look like? Take a
look at some of the startling images taken by
Getty Images photographer Ezra Acayan in
October. They show airfields, radar
installations, and military aircraft and
warships stationed in the Spratly Islands, which
are about 400 miles from the Chinese coast.
Beijing has used both natural and artificial
islands to build up its military capabilities in
the area. "The function of those islands is to
expand the offensive capability of the PRC
beyond their continental shores," Adm. John
Aquilino, head of US Indo-Pacific Command,
warned in March, referring to the country's
official name, the People's Republic of China.
From those bases, Chinese forces "can fly
fighters, bombers plus all those offensive
capabilities of missile systems," such as
anti-ship and anti-aircraft missiles, Aquilino
told the Associated Press at the time, calling
the islands fully militarized.
Face of U.S.
Changing as Foreigners Become Major Driver of
Population Growth
by Sputnik
News
As growth in the US population
is showing early indicators of recovery after
the COVID pandemic, net migration has emerged as
the largest driver behind the trend, according
to the US Census Bureau. Considerably low growth
rates in the US between 2020 and 2021 were
followed by an uptick: the US resident
population increased by 1,256,003, to
333,287,557 in 2022, according to the US Census
Bureau’s Vintage 2022 data. The changes in
annual growth came at a time of the simmering
southern border crisis under the Biden
administration. According to Customs and Border
Protection data, the number of total encounters
with illegals at the border during the fiscal
year 2022 reached a staggering 2,378,944, while
in 2021 it was 1,734,686. For comparison's sake,
under then-President Donald Trump it was 458,088
in 2020; and 977,509 in 2019. The influx of
international migrants – both legal and illegal
– which considerably outpaces the natural change
in the US is set to change the face of America
in the coming decades. Thus, according to the US
Census Bureau's earlier projections, a majority
of the US population will be non-white by the
year 2050. Demographers suggest that the white
share of the US population has been dropping
since 1950 and will continue to go down in the
future. For their part, Hispanics, African
Americans, and Asian Americans will emerge as
the nation's main demographic engine. In 2019, a
Pew Research poll concerning future demographic
changes in the US found that just a third of
American adults said that this change would be
either very (17%) or somewhat (18%) good;
roughly a quarter said it would be very (15%) or
somewhat (8%) bad; and 42% say the change would
be neither good nor bad. At the same time,
however, about half of Americans said that this
shift could lead to more conflicts between
racial and ethnic groups. About four-in-ten
suggested that a majority non-white population
could "weaken American customs and values."
China's Space
Station Releases Small Test Satellite into
Orbit
by Space.com
China has released a small test
satellite into orbit from its recently completed
Tiangong space station. The satellite was
released from a deployer on the Tianzhou 5 cargo
ship, which is currently docked at Tiangong.
Tianzhou 5 launched on Nov. 12 with the primary
mission of delivering supplies to the space
station to support the three Shenzhou 15 mission
astronauts but also carried a number of
cubesats. The cubesat has been cataloged by the
U.S. Space Force's 18th Space Defense Squadron,
which focuses on space domain awareness. The
satellite is in a roughly circular orbit with an
average altitude of 239 miles (385 kilometers)
above Earth.
BHP Set to Face
$12 Billion U.K. Suit Over Brazil Dam Disaster
by Mining.com
A UK judge set a trial date of
April 2024 for a case against BHP Group over a
Brazilian mining-waste disaster, with claimants
seeking an estimated £10 billion ($12 billion).
An eight-week hearing is scheduled to proceed
almost nine years after a dam collapse unleashed
a torrent of waste, killing 19 and polluting
waterways in two Brazilian states. “Given the
scale and nature of the litigation, it is not
surprising that there have been challenges,
appeals and changes to the claims,” Judge Finola
O’Farrell wrote in a judgment published
Wednesday. “However, it is now time to avoid
further delay and make substantive progress in
determining the dispute.” Current and former
executives of London-listed BHP will face cross
examination regarding their roles in the
disaster, according to Pogust Goodhead, the firm
leading the case on behalf of more than 400,000
Brazilian claimants. It will be the largest
group litigation in English civil court history,
the firm estimates. BHP said in an email the
hearing will not consider any compensation
payment and that there has been no decision
regarding BHP’s alleged liability or whether and
when there will be any determination of payments
to plaintiffs.
NIH Awards $2.8
Million to Use AI for Precision Dosing
by Healthcare
IT News
The National Institutes of
Health awarded the Laboratory of Applied
Pharmacokinetics and Bioinformatics at the
Children's Hospital Los Angeles $2.8 million
over four years to use artificial intelligence
to anticipate dosing and target the
condition of individual critically ill
patients over time and improve
clinical treatment. The lab will build a series
of neural networks to predict variability
in kidney function in children over
time and how that influences their response
to medication. By tapping into the hospital's
massive Virtual Pediatric Intensive Care Unit
(VPICU) database, machine learning
could unlock the patterns in the clinical
measurements from 20,000 critically ill children
who have been treated at the hospital since
2009, according to the announcement.
Variables like medication volume and clearance
in a child's body can change from day to day or
moment to moment. "Doctors can estimate the dose
of medication needed, but that may not
necessarily be the right dose for a particular
patient. We make models of drug systems in
patients to try to understand how the drug is
behaving," Dr. Michael Neely, professor of
pediatrics and clinical scholar at the Keck
School of Medicine of the University of Southern
California, said in a statement. Computer
modeling of how medications behave in patients
can account for dosing differences among
individuals to some extent but is limited at
using present or past measurements to predict
future dosages. The researchers will test
these algorithms using 5,000 VPICU blood plasma
measurements of the antibiotic
vancomycin to measure patient exposure over
time.
Chinese EV
Maker Nio Hit in US$2.25 Million Ransomware
Data Breach
by SCMP
Chinese smart electric vehicle
(EV) start-up Nio said on Wednesday it was being
blackmailed by hackers who have stolen user and
vehicle sales data and are asking for US$2.25
million in bitcoin as ransom. “Nio deeply
regrets that this incident happened and is doing
everything possible to support its users,”
William Li Bin, Nio’s founder, CEO and chairman,
said in a filing to the Hong Kong stock
exchange. Shanghai-based Nio issued a statement
in Chinese late on Tuesday on its own community
app explaining that the company had received an
email on December 11, in which the sender
claimed to have access to Nio’s internal data.
They were also demanding US$2.25 million in
bitcoin in return for not releasing this data.
The automobiles industry, and smart carmakers in
particular, have reported many data security
concerns recently. German tyre maker
Continental, for example, revealed in November
that it had lost 40 terabytes of data during a
cyberattack it reported in August.
$698 Million
Deal Ending Oregon's Monsanto PCB Pollution
Lawsuit
by Insurance
Journal
Bayer, the German
pharmaceutical and biotechnology company, will
pay Oregon $698 million to end a lawsuit over
PCB pollution associated with products made by
Monsanto, the agriculture giant it now owns.
It’s the largest environmental damage recovery
in Oregon’s history and “magnitudes larger” than
any other state settlement over PCB
contamination by Monsanto, Rosenblum said. The
settlement stems from a lawsuit filed by Oregon
against Monsanto in 2018 for 90 years of
pollution in the state until PCBs were banned in
the late 1970s. PCBs are toxic compounds
formerly used in coolants, electrical equipment
such as fluorescent lights, and other devices.
They still contaminate Oregon’s landfills and
riverbeds and show up in fish and wildlife.
“Monsanto’s toxic legacy unfortunately lives on
in our lands, rivers and other waterways, and
poses ongoing risks to the health of our people
and our environment,” Rosenblum said. “This is
all the more reason why this settlement is so
vitally important. Oregon and Oregonians will be
the better for it.” Bayer, the German
pharmaceutical and biotechnology company, said
in a statement that the settlement over “legacy
Monsanto PCB products” fully resolves all
Oregon’s claims and releases the company from
any future liability. The Oregon agreement
contains no admission of liability or wrongdoing
by the company, the statement said.
Some 11% of
Young Dutch Can't Find a New home; Doubled
Since 2015
by NL
Times
The proportion of young adults
who would like to move to a new home but cannot
find one has doubled in the past six years.
According to Statistics Netherlands (CBS), about
11 percent of those between the ages of 18 and
30 wanted to move in 2021, but were unable to do
so. In 2015, roughly 5 percent were looking for
a new home but could not find one. That includes
about 12.3 percent of young adults who want to
move out of their parents’ home, and a similar
13.0 percent, or 1 in 8 young people, in a
social housing rental unit who cannot find a
suitable home when looking for a change. The
proportion is less for young people living in an
owner-occupied home, with about 3.6 percent
unable to find a new residence when they wanted
to move last year. According to CBS economist
Peter Hein van Mulligen, these trends are not
only noticeable among young people. The tight
housing market means "if you haven't moved yet,
it's more difficult to achieve.” Tenants looking
for other rental properties are also often
disappointed. In recent years, housing
corporations have built little or no additional
homes. "Affordable rent has also become less
accessible as a result," says Van Mulligen.
U.S. Farmland
Escapes Real Estate Slump as Prices Soar to
Record
by Bloomberg
Buying a plot of land in rural
America has never been so expensive. And that's
even with soaring interest rates. Rising
commodity prices mean farmers made record
amounts of money this year, spurring a rush for
space to plant in 2023. More demand comes just
as people fled to the countryside during the
pandemic - with non-metropolitan areas growing
faster than urban ones - and investors turned to
fields as a hedge against inflation. Farmland
prices in the Midwest, the nation's breadbasket,
jumped 20% just in the third quarter from a year
earlier - bucking a downturn in the residential
real estate market, according to data from the
Federal Reserve Bank of Chicago and the National
Association of Realtors. That was the eleventh
consecutive quarter of gains, the longest streak
since 2014. More demand for farmland coincides
with pandemic-induced shifts in population. The
number of people living in non-metro counties
rose 0.3% in the 12 months ended in July 2021,
the first time the growth in rural population
outpaced that of urban areas since the
mid-1990s, according to USDA. Tom Halverson,
chief executive officer of CoBank, a cooperative
lender serving rural America, said the expansion
of broadband and the ability to work from home
helped fuel that shift. Farmland has also become
more attractive as owners seek to make money
from the shift to clean energy. Demand for
renewable diesel - made from vegetable oils but
with identical chemical properties to the
petroleum-based fuel - is expected to triple in
the next five years, according to BloombergNEF.
Calls for
Iranian Forces to Close Strait of Hormuz
by Rigzone
Set against the backdrop of
continuing internal disquiet in Iran, media
outlets loyal to the regime call for Iranian
forces to close the Strait of Hormuz in response
to what it cites as foreign intervention. That’s
what Dryad Global noted in its latest Maritime
Security Threat Advisory (MSTA), adding that
Egypt has assumed responsibility for the CTF
(Combined Task Force) - 153 within the Red Sea
area. “The closure of the Strait of Hormuz is a
popular call in Iran, especially in times of
turbulence,” Dryad Global stated in the MSTA.
“However, in reality, Iran processes little
capability to realize this. Further still this
would be significantly against Iranian
strategies interests,” Dryad Global added in the
MSTA. Last week, the Egypt State Information
Service (SIS) website announced that Egyptian
naval forces took over the command of CTF - 153
on December 13. The organization is tasked with
combating illegal activities in the Red Sea, Bab
el-Mandeb and the Gulf of Aden, SIS - which
describes itself as the nation’s main
informational, awareness and public relations
agency - noted.
China Accused
of Building on Unoccupied Reefs in South China
Sea
by Bloomberg
China is building up several
unoccupied land features in the South China Sea,
according to Western officials, which they said
was part of Beijing’s long-running effort to
strengthen claims to disputed territory and
potentially bolster its military presence in a
region critical to global trade. Fishing fleets
that operate as de facto maritime militias under
the control of authorities in Beijing have
carried out construction activities at four
features in the Spratly Islands over the past
decade, according to officials with knowledge of
the matter, who asked not to be identified to
discuss sensitive information. Some sand bars
and other formations in the area expanded more
than 10 times in size in recent years, they
said. Satellite photos shared with Bloomberg
News depicted what they said was a Chinese
maritime vessel offloading an amphibious
hydraulic excavator used in land reclamation
projects at Eldad Reef in the northern Spratlys
in 2014. New land formations have since appeared
above water over the past year, according to the
officials, who said that images showed large
holes, debris piles and excavator tracks at a
site that used to be only partially exposed at
high tide. They said similar activities have
also taken place at Lankiam Cay, known as Panata
Island in the Philippines, where a feature had
been reinforced with a new perimeter wall over
the course of just a couple of months last year.
Other images they presented showed physical
changes at both Whitsun Reef and Sandy Cay,
where previously submerged features now sit
permanently above the high-tide line. While
China has previously built out reefs, islands
and land formations that it had long controlled
— even establishing small outposts and runways
in some cases — the latest images represent what
the officials called the first known instances
of a nation doing so on territory it doesn’t
already occupy. The officials warned that
Beijing was seeking to advance a new status quo
by building up the cays and reefs in the Spratly
Islands, even though they said it was too early
to know whether China would seek to militarize
them.
Spain Will Not
Support "So-Called Kosovo's" E.U. Bid
by Tanjug
Spanish Secretary of State for
the EU Pascal Navarro said on Tuesday his
government would not back an EU membership bid
submitted by the so-called Kosovo as it did not
recognise the territory as independent. "Spain
does not recognise Kosovo as independent and
will therefore vote against any procedural
decision and against giving Kosovo candidate
status," the notimerica.com news portal quoted
Navarro as telling a Senate commission on EU
affairs. "The government will not back the
candidacy in the present circumstances, and that
stance has not changed," Navarro noted. Spain is
one of the five EU member states that do not
recognise the so-called Kosovo, alongside
Greece, Cyprus, Romania and Slovakia.
The Risk of
Escalation from Cyber Attacks Has Never Been
Greater
by ars
TECHNICA
In 2022, an American dressed in
his pajamas took down North Korea’s Internet
from his living room. Fortunately, there was no
reprisal against the United States. But Kim Jong
Un and his generals must have weighed
retaliation and asked themselves whether the
so-called independent hacker was a front for a
planned and official American attack. In 2023,
the world might not get so lucky. There will
almost certainly be a major cyberattack. It
could shut down Taiwan’s airports and trains,
paralyze British military computers, or swing a
US election. This is terrifying, because each
time this happens, there is a small risk that
the aggrieved side will respond aggressively,
maybe at the wrong party, and (worst of all)
even if it carries the risk of nuclear
escalation. This is because cyber weapons are
different from conventional ones. They are
cheaper to design and wield. That means great
powers, middle powers, and pariah states can all
develop and use them. Researchers have worked on
this problem using game theory, the science of
strategy. If you’ve ever played a game of poker,
the logic is intuitive: It doesn’t make sense to
bluff and call none of the time, and it doesn’t
make sense to bluff and call all of the time.
Either strategy would be both predictable and
unimaginably costly. The right move, rather, is
to call and bluff some of the time, and to do so
unpredictably. With cyber, uncertainty over who
is attacking pushes adversaries in a similar
direction. The US shouldn’t retaliate none of
the time (that would make it look weak), and it
shouldn’t respond all of the time (that would
retaliate against too many innocents). Its best
move is to retaliate some of the time, somewhat
capriciously—even though it risks retaliating
against the wrong foe. The same logic guides
potential attackers. Knowing the US won’t
retaliate all of the time and might even punish
the wrong country creates an incentive to take
electronic risks—ones they would never take with
a missile.
Fierce
Dogfights in the Aegean – Over 100 Violations
by Turkish Fighters
by Tovima
The Turks in the Aegean
exceeded all limits of provocation today by
carrying out massive violations with dozens of
fighters, even armed ones. The Greek fighters
proceeded to intercepts after fierce air
battles, while after many years there were 20
engagements between Greek and Turkish fighters.
According to the data made public by GEETHA, 32
Turkish F-16s, including 20 armed ones, i.e. an
entire squadron, violated the National Airspace
43 times, while another 59 violations were
carried out by an Unmanned Aircraft, reaching a
total of 102 violations. Violations occurred
almost all over the Aegean, North-East, Central
and South-East while all the Turkish ones were
recognized and intercepted according to
international rules, according to standard
practice.
U.K. Government
Proclaims Netflix Password Sharing Now
"Illegal"
by TorrentFreak
The UK Government's
Intellectual Property Office published new
piracy guidance today, and it contains a small,
easily missed detail. People who share their
Netflix, Amazon Prime, or Disney+ passwords are
violators of copyright law. And it gets worse.
The IPO informs TorrentFreak that password
sharing could also mean criminal liability for
fraud. Following a limited launch in 2007 with
just 1,000 titles, Neflix now carries more than
6,600 movies and TV shows for the enjoyment of
more than 223 million subscribers. There’s
little doubt that Netflix password sharing
contributed to the company’s growth and by
publicly condoning it, the practice was
completely normalized – globally. The message
was clear – Netflix loves you, you love Netflix,
and now all your friends love Netflix too.
Thanks for sharing. Netflix and similar
streaming platforms, including Amazon Prime and
Disney+, still want you to love them, but
password sharing? Not so much.
U.K. Sees More
Hoarding of Supplies as Financial and Energy
Crises Escalates
by Sky
News
Behind a locked door in Barry's
house is a room he's been getting ready for the
past year. Driven by uncertainty, he has been
stockpiling food, first aid, torches and
battery-powered lamps. "The cost-of-living
crisis, power outages, fuel shortages, those
things I'm well prepared for now," he says. On
the shelves are at least a dozen boxes of tinned
and dried food goods - all carefully labelled
and meticulously stored to keep them dry and
airtight. "There is about four months of food
for three of us, here at the moment," Barry
says. "But my goal now is to have enough food,
for three of us, for six months." Asked why, he
replies: "Because you just don't know. Life is
just very unpredictable right now." Barry is a
so-called prepper, part of a growing community
in the UK defined by the phrase: "Hope for the
best, prepare for the worst." The prepping
movement started in the US, where it is more
frequently associated with preparing for
Doomsday-like events. It is different from the
Survivalist movement, which focuses on surviving
full societal breakdown. But here in the UK,
prepper and psychologist Dr Sarita Robinson says
it's become "much more mainstream". Dr Robinson,
who lectures on the psychology of survival at
the University of Central Lancashire, describes
herself as a "low-grade prepper". "It's just
about having enough in reserve in case the
government or local authorities can't really do
things for you immediately," she says. For Dr
Robinson, it's just about "being ready before an
emergency hits, because by the time you're in a
crisis, it's too late". "It's like in the
pandemic when suddenly there was no loo roll
anywhere, that wasn't because of preppers," she
says. "Because preppers will have had 100 loo
rolls under the stairs for months."
People in
Lebanon Are Still Robbing Banks to Access
Their Own Savings
by NPR
On a recent weekday in
Lebanon's second-largest city, the atmosphere at
a branch of the IBL Bank is tense. Security and
police are gathered outside. Soldiers are
clutching M16 rifles. People are crowding the
entrance. Inside, Zahra Khaled, a 53-year-old in
a wheelchair who's in urgent need of medical
care, is refusing to leave until she is given
her savings. The bank has frozen all of it —
tens of thousands of dollars. After selling
personal possessions and exhausting all other
options, she and her adult daughter have now
entered the bank and will not budge. Lebanon's
banks froze most accounts three years ago amid
an economic collapse. This year, faced with
increasingly desperate circumstances, more
people are resorting to extreme measures to
access their savings. Khaled's protest is one of
the milder tactics. Other Lebanese have taken to
robbing banks for their own funds, brandishing
real or toy guns. Most take only what they are
owed, and so far no one has been reported killed
in a robbery. Kamel Wazni of the Lebanese
Control Commission, which supervises the
country's banking sector, can't rule out that
some of the depositors' money might be gone for
good. Billions of Lebanon's dollar reserves have
been taken out of the country, and billions more
have been spent on subsidies and seeking to
respond to the economic collapse. Banks do allow
withdrawals of $400 per account per month, plus
some Lebanese currency, in a strategy that he
says will repay as many as 70% of depositors.
But this does little to help those who need
larger and more immediate sums. So depositors
have started coordinating their actions, even
forming a movement.
Japan
Authorizes Enemy Base Strike Capability in
Major Defense Policy Shift
by Kyodo
News
Japan decided Friday Dec. 16th
to acquire the capability to strike enemy bases
and double defense spending in a dramatic shift
in its postwar security policy under the
nation's war-renouncing Constitution, provoking
a harsh backlash from China. With the security
environment surrounding Japan becoming unstable
amid threats from China, North Korea and Russia,
Tokyo, which has rejected warfare for the past
77 years, will be able to directly attack
another country's territory in case of an
emergency. Obtaining the ability to deter
attacks from outside forces, called a
"counterstrike capability," was stipulated in
the government's three key defense documents,
including the National Security Strategy,
updated by Prime Minister Fumio Kishida's
Cabinet. Critics note that the Constitution only
allows Japan to act in self-defense, but the NSS
said the nation needs to have the ability to
"make effective counterstrikes in an opponent's
territory as a bare minimum self-defense
measure." The NSS mentioned that Japan is facing
the "most severe and complicated security
environment" since World War II, while the
government has pledged to stick to its
commitment to the "exclusively
self-defense-oriented policy" and "not to become
a military power." In their first revision since
2013, the long-term security policy guidelines
said that missile defense alone is insufficient
to deal with the "significant reinforcement of
missile forces" by Japan's neighboring
countries, which have opposed its renewed
defense policy. Under the new defense buildup
program, around 43 trillion yen will be
allocated to defense budgets for five years from
fiscal 2023, a jump from 27.5 trillion yen under
the existing plan for the five years from fiscal
2019. Out of the 43 trillion yen, some 5
trillion yen will be used to acquire "standoff
missiles," which are capable of being launched
from beyond the range of enemy fire by extending
the range of Self-Defense Forces'
surface-to-ship guided missiles, as well as
procuring U.S.-made Tomahawk cruise missiles
with a range of about 1,600 kilometers.
India
Successfully Tests Agni V Nuclear Ballistic
Missile
by India
Today
India on Thursday Dec. 15th
successfully tested the nuclear capable Agni V
missile capable of striking targets at ranges up
to 5,000 kilometres with a very high degree of
accuracy. India successfully carried out the
night trials of the Agni V nuclear-capable
ballistic missile today, defence sources said.
This comes days after Indian and Chinese troops
clashed in Tawang district of Arunachal Pradesh.
The test was carried out to validate new
technologies and equipment on the missile, which
is now lighter than before. The trial has proved
the capability to enhance the range of the Agni
V missile, if required, defence sources said on
Thursday. The test-firing of the missile from
the APJ Abdul Kalam Island off Odisha coast came
amid India's ongoing border row with China.
South Africa's
Biggest Industry Is in a Downward Spiral
by BusinessTech
South Africa’s R1 trillion
mining industry is in a downward spiral, say
economists at Nedbank, with the sector recording
its ninth consecutive month of decline in
October. Mining production declined by 10.4%
year on year in October, the bank noted this
week, after shrinking by 5.1% in September.
Month-on-month, mining production dropped by a
sharp 2.5% MoM, after declining by 0.1% and 0.4%
in September and August, respectively. The
diminished output of platinum, manganese ore and
diamonds drove the monthly decline, Nedbank
said. Making matter worse, mining production has
not recovered to pre-pandemic levels and
remained 13.4% below the level achieved in
October 2019, highlighting the continued strain
on the sector. Mineral sales grew by 0.5% YoY in
October, slower than 21% in September. On top of
prevailing market conditions and the state of
South Africa’s electricity grid, mining
companies are now also speaking up about
extortion rackets that are increasingly
disrupting their businesses. In an interview
with Bloomberg this month, chief executives from
several local mining groups, including
AngloPlatinum and Implats, spoke of so-called
“procurement mafias” that mobilise communities
into violent extortion schemes. According to the
Hawks, the mining industry is under attack, with
syndicates “creating their own mafia-type
groupings that exert pressure.
A Visit to the
City Responsible for China's Police Stations
in Europe
by Spiegel
China's secret police stations
abroad have caused outrage around the world. But
the idea apparently didn't come from Beijing.
The representations came from individual Chinese
cities – one of which is Qingtian, a city with
many international ties. The Federation of
Returned Overseas Chinese of Qingtian is located
on the 12th floor of a high-rise building on the
city's main street. With the reporter from DER
SPIEGEL showing up unannounced, the office staff
agree after a brief discussion that they have no
time. But they do welcome the reporter to check
out the Qingtian Emigrant Museum, which is
located one floor below. A large display board
on the wall is titled: "Protecting the Interests
of Overseas Chinese." Several photos show agency
employees conferring at long tables. One caption
reads: "On April 8, 2021, the County (Qingtian)
Public Service Bureau held a video conference
with seven of its service centers in Barcelona,
Milan, Frankfurt, etc." When asked if he could
also share something about this police work, the
historian was silent, before saying, "I think
it's better if we end the tour here." In
Qingtian, they are proud enough of their foreign
police stations to hang them up in the museum.
Have the local authorities really somehow
overlooked just how problematic their police
stations are under international law? After all,
such issues aren't usually within their remit.
The Chinese diplomats who supported the
initiative, on the other hand, cannot claim such
ignorance for themselves. In a 2018 article, a
state-run media quoted Lu Cijun, then the vice
consul general in Barcelona, as praising the
establishment of the stations. After the
international controversy erupted, the Spanish
daily El Correo was able to speak with an
anonymous official from the Chinese Foreign
Ministry. The newspaper quotes him as saying, "I
don't see what's wrong with pressuring criminals
to face justice." Even if it is true that the
Chinese police stations abroad weren't based on
a central government plan, Beijing knew about
them and obviously considered them advantageous.
Despite
Blacklisting NSO, U.S. Said to Use Other
Israeli-Made Spyware
by ynet
The Biden administration took a
public stand last year against the abuse of
spyware and blacklisted the Israeli firm NSO
Group, but it didn't prevent the U.S. from using
other Israeli offensive spyware to hack into
mobile phones, The New York Times reported.
According to the report, the Biden
administration allowed the Drug Enforcement
Administration (DEA) to deploy a tool called
Graphite, made by the Israeli firm Paragon,
according to five people familiar with the
agency’s operations. Very little information has
been published about the company, which mostly
consists of Israeli military cyberintelligence
veterans and even some past NSO workers. Even
Ehud Barak, Israel's former prime minister, is a
member of the board of directors at Paragon,
which is funded by an American venture capital
fund. Just like NSO's Pegasus spyware, Graphite
can invade mobile phones and harvest data.
However, unlike Pegasus, the Paragon spyware
vacuums up content mostly from the cloud. The
Biden administration is attempting to impose
some degree of order on this spyware chaos, but
it ultimately tries to have the cake and eat it
at the same time.
Former Twitter
Employee Sentenced for Spying for Saudi Arabia
by NBC
News
A former Twitter employee found
guilty of spying on users on behalf of the Saudi
royal family has been sentenced to three and a
half years in prison. Ahmad Abouammo, a
dual U.S.-Lebanese citizen who helped oversee
media partnerships for Twitter in the Middle
East and North Africa, was part of a scheme to
acquire the personal information of users,
including phone numbers and birth dates, for a
Saudi government agent. He was sentenced
Wednesday in the U.S. District Court for the
Northern District of California. The Justice
Department has said it believes that another
former Twitter employee accused of accessing
user accounts and a man accused of helping the
Saudi government with the scheme have fled to
Saudi Arabia to evade American authorities. The
Saudi consulate did not respond to a request for
comment.
FBI's Vetted
Info. Sharing Network 'InfraGard' Hacked
by Krebs
on Security
InfraGard, a program run by the
U.S. Federal Bureau of Investigation (FBI) to
build cyber and physical threat information
sharing partnerships with the private sector,
this week saw its database of contact
information on more than 80,000 members go up
for sale on an English-language cybercrime
forum. Meanwhile, the hackers responsible are
communicating directly with members through the
InfraGard portal online — using a new account
under the assumed identity of a financial
industry CEO that was vetted by the FBI itself.
On Dec. 10, 2022, the relatively new cybercrime
forum Breached featured a bombshell new sales
thread: The user database for InfraGard,
including names and contact information for tens
of thousands of InfraGard members. In response
to information shared by KrebsOnSecurity, the
FBI said it is aware of a potential false
account associated with the InfraGard Portal and
that it is actively looking into the matter.
KrebsOnSecurity contacted the seller of the
InfraGard database, a Breached forum member who
uses the handle “USDoD” and whose avatar is the
seal of the U.S. Department of Defense. USDoD
said they gained access to the FBI’s InfraGard
system by applying for a new account using the
name, Social Security Number, date of
birth and other personal details of a
chief executive officer at a company that was
highly likely to be granted InfraGard
membership. The CEO in question — currently the
head of a major U.S. financial corporation that
has a direct impact on the creditworthiness of
most Americans — told KrebsOnSecurity they were
never contacted by the FBI seeking to vet an
InfraGard application. USDoD told
KrebsOnSecurity their phony application was
submitted in November in the CEO’s name, and
that the application included a contact email
address that they controlled — but also the
CEO’s real mobile phone number.
A Tale of Two Nuclear Plants
Reveals Europe's Energy Divide
by Wired
A forest of wind turbines rises
out of the fields on both sides of the highway
running east out of Vienna. But at the border
with Slovakia, which stretches between Austria
and Ukraine, they stop. Slovakia gets
only 0.4 percent of its energy from wind
and solar. Instead it is betting its energy
transition on nuclear power. Without Russian
gas, Europe has been racing to avoid blackouts.
Every day, Paris is turning off the Eiffel
Tower’s lights an hour early, Cologne has dimmed
its street lights, and Switzerland is
considering a ban on electric
cars. Nuclear power advocates,
like Strýček, are using this moment to
argue that Europe needs nuclear technology to
keep the lights on without jeopardizing net-zero
targets. “It provides an immense amount of
secure, predictable, stable baseload, which
renewables are not able to provide,” he
said at the World Utilities Congress in
June. The energy crisis is not a deal
breaker in Europe’s nuclear debate, but in some
countries it is boosting the pro-nuclear side of
the argument, says Lukas Bunsen, head of
research at consultancy Aurora Energy
Research. Since Russia invaded Ukraine,
Germany has announced it will keep the country’s
three remaining nuclear power plants
open until April 2023. Belgium proposed to
keep its nuclear plants running for
another 10 years. In October, Poland
signed a deal with the US company
Westinghouse to build its first nuclear power
plant. But Europe remains deeply divided on
the use of nuclear power. Of the European
Union’s 27 member states, 13 generate
nuclear power, while 14 do not. “It’s still a
very national debate,” says Bunsen. That means
public attitudes can drastically change from one
side of a border to the other. Surveys show
that 60 percent of Slovakians believe
nuclear power is safe, while 70 percent of
their neighbors in Austria are against it being
used at all—the country has no active nuclear
plants.
ROCOR Expresses Concern for
Persecuted Ukrainian Orthodox Church
by Orthodox
Christianity
The hierarchs of the Russian
Orthodox Church Outside of Russia are alarmed by
the increasing persecution against the canonical
Ukrainian Orthodox Church. The ROCOR Synod of
Bishops met in New York on December 8. Among
other items, the hierarchs addressed the tragic
situation in Ukraine. The Ukrainian Security
Service has been conducting searches at UOC
monasteries, churches, and diocesan
administrations over the past few weeks, and
several hierarchs and clerics are being
officially investigated by the Ukrainian
Security Service. The state has also imposed
sanctions upon a growing number of hierarchs and
clerics. Local administrations have declared
bans on the Church in various places throughout
the country, and there are bills before the
Parliament to adopt a nationwide ban.
Police Raid Offices of Predator
Spyware Seller Intellexa in Athens, Greece
by ekathimerini
The Athens offices of
Intellexa, which sells the Predator spyware in
Greece, and Krikel, an ICT and electronic
security systems provider, were among six
companies raided by police as part of the
investigation into the wiretapping affair on
Tuesday. Two other companies which share offices
with the aforementioned companies or have the
same shareholders were also raided by officers
from the police’s cybercrime division. The raids
also targeted the homes of executives of all six
companies. The prosecutors who ordered the raids
were acting on evidence and documents that
emerged in recent days, including in reports in
Sunday’s Documento newspaper, as well as other
information.
As Illegal Foreigners to the
E.U. Accelerates, Which State Will Lose Its
Identity First?
by Sputnik
As Europe becomes increasingly
globalized and diverse, it faces new challenges
that include the possible loss of established
national identities, as borders and boundaries
get increasingly blurred because of mass
migration ranging from economic migrants to
asylum seekers. Although touted as a remedy
against low birthrates and labor shortages,
immigration also leads to new, previously
unknown challenges through poor integration,
such as segregation, social exclusion zones and
the attrition of the social fabric. The debate
on these issues is notoriously febrile, as the
media and the lawmakers are often reluctant to
recognize the realities and their consequences
that could threaten their societies, despite all
sorts of polls indicating citizens' desire to
limit immigration or tighten integration
procedures.
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