Boing Boing 

IRS leaks 100K taxpayers' data to identity thieves


The IRS sent extensive dossiers on 100,000 US taxpayers to identity thieves who used weak "secret security" questions to trick the agency's "Get Transcript" service.

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Anti-austerity parties soar in Spanish elections as Greece threatens default


Two new, anti-establishment parties (including one that grew out of the indignados movement -- a kind of Spanish precedent to Occupy) took key seats in regional and municipal elections in yesterday's Spanish election, which is a kind of dress rehearsal for the upcoming national elections.

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Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds


When a giant hedge fund is bidding on all the foreclosed houses in a poor neighborhood, living humans don't stand a chance -- but that's OK, because rapacious investors make great landlords.

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Today's terrifying Web security vulnerability, courtesy of the 1990s crypto wars

The Logjam bug allows attackers to break secure connections by tricking the browser and server to communicate using weak crypto -- but why do browsers and servers support weak crypto in the first place?

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Finance deserves its corrupt reputation


Harvard/Chicago economist Luigi Zingales published a sharply argued, searing paper about the finance industry's reputation for corruption and social uselessness, concluding that it's largely deserved and that academic economists have a role to play in reforming it.

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Class of 2015: most indebted in history


A report (issued by a college savings business, caveat lector) says that the US graduating college class of 2015 has more debt than any other class in history.

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Slack's CEO gives charmingly bullshit-free justification for $2.8B valuation


The delightful Stewart Butterfield: "Q So do you think Slack is worth $3 billion? A It is, because people say it is."

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Emma Thompson on tax-strike until HSBC tax evaders are jailed


The actor and her husband, Greg Wise, have vowed to withhold their tax until the UK tax authorities begin to imprison the tax-cheats who were revealed to be using HSBC's Swiss money-laundry, even if it means going to jail themselves.

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Billboards tell the stories of professionals who can't afford London anymore


The London is Changing project collects the personal stories of professional people who are leaving the city because it has been remade as a playground for the global rich.

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HSBC boss used tax havens to keep underlings from discovering his outrageous pay


HSBC CEO Stuart Gulliver admitted that he used two secretive banks -- one in Switzerland, the other in Panama -- not just to avoid taxes, but to hide his amazing compensation package from other HSBC bankers, lest they wax jealous.

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Alien overlord: stop blaming me for your city's housing bubble!


Zathbog of Planet Cibwarv wants us to stop blaming him for buying up all the property in your favorite big city, ensuring that even families with solid double incomes can barely afford to rent, and will never own a home of their own; after all, you should see the hardships he endured while building up his immense off-planet fortunes in the the interstellar mining industry.

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London: the dead-eyed banker psycho dream

PSYCHO

"Its protagonist lives in a world of almost continual night, with the hungry eyes and dead affect of an Ayn Rand wet dream: his world is constituted of chrome, glass, a palette of white-to-taupe, a spatter-pattern rug and one book, a single book, on graphic design" - Piercepenniless on the Redrow London property development promo video.

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A modest proposal for Wall Street's future


Michael "Flash Boys" Lewis gives us a wish-list of eight (implausible) steps that Wall Street could take to check its feckless, reckless, destructive lurch through the 21st century.

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IBM's banking security software demands the right to spy on you


IBM's Trusteer Rapport is a security package that many banks recommend to their customers -- but its latest license agreement includes this gem:

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Wall Street phishers show how dangerous good syntax and a good pitch can be


Major Wall Street institutions were cracked wide open by a phishing scam from FIN4, a hacker group that, unlike its competition, can write convincingly and employs some basic smarts about why people open attachments.

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Chicago schools lost $100M by letting Wall Street engineer their finances


In 2007, the school raised $1B, and instead of issuing bonds, it let the bankers who'd been courting it talk it into issuing a floating-rate bond that it swapped into a fixed-rate issue.

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Chip-and-PIN cards let nearby fraudsters steal $1M at a time

Visa's new Paywave chip-and-PIN credit-cards have a $1M limit on foreign-currency transactions that can be verified "in-card," meaning that someone who gets close enough to your UK wallet can simply wave a phone at it and charge a megabuck to it without raising any realtime security alerts.

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