In an excellent NYT story, Sarah Lyall reports on “lights-out London” — the phenomenon whereby ultra-wealthy foreigners (often from corrupt plutocracies like Kazakhstan and Russia) are buying up whole neighbourhoods in London, driving up house-prices beyond the reach of locals, and then treating their houses as holiday homes. They stay for a couple weeks once or twice a year, leaving whole neighbourhoods vacant and shuttered through most of the year, which kills the local businesses and turns central London into something of a ghost town. “Some of the richest people in the world are buying property here as an investment,” [Paul Dimoldenberg, leader of the Labour opposition in Westminster Council] said. “They may live here for a fortnight in the summer, but for the rest of the year they’re contributing nothing to the local economy. The specter of new buildings where there are no lights on is a real problem…” Meanwhile, prices are rising beyond expectation. For single-family housing in the prime areas of London, British buyers spend an average of $2.25 million, Ms. Barnes said, while foreign buyers spend an average of $3.75 million, which increases to $7.5 million if they are from Russia or the Middle East… The most visible, and also the most notorious, of the new developments is One Hyde Park, a $1.7 billion apartment building of stratospheric opulence on a prime corner in Knightsbridge, near Harvey Nichols, the park and the Mandarin Oriental Hotel, which functions as a 24-hour concierge service for residents. Apartments there have been purchased mostly by foreign buyers who hide their identities behind murky offshore companies registered to tax havens like the Isle of Man and the Cayman Islands. It is rare to see anyone coming to or going from the complex, and British newspapers have been trying since it opened two years ago to discover who lives there. Vanity Fair reported recently that as far as it could discern after a long trawl through records, the owners seem to include a cast of characters who might have come from a poker game in a James Bond movie: a Russian property magnate, a Nigerian telecommunications tycoon, the richest man in Ukraine, a Kazakh copper billionaire, someone who may or may not be a Kazkh singer and the head of finance for the emirate of Sharjah. A Slice of London So Exclusive Even the Owners Are Visitors [NYT/Sarah Lyall] ( via Beyond the Beyond )
See the original article here:
How the global hyper-rich have turned central London into a lights-out ghost-town
The chipmaker says a USB bug in the chipset that accompanies the “Haswell” processor exists and will be fixed. [Read more] 
Trailrunner7 writes “Source code and a private signing key for firmware manufactured by a popular PC hardware maker American Megatrends Inc. (AMI) have been found on an open FTP server hosted in Taiwan. Researcher Brandan Wilson found the company’s data hosted on an unnamed vendor’s FTP server. Among the vendor’s internal emails, system images, high-resolution PCB images and private Excel spreadsheets was the source code for different versions of AMI firmware, code that was current as of February 2012, along with the private signing key for the Ivy Bridge firmware architecture. AMI builds the AMIBIOS BIOS firmware based on the UEFI specification for PC and server motherboards built by AMI and other manufacturers. The company started out as a motherboard maker, and also built storage controllers and remote management cards found in many Dell and HP computers. ‘The worst case is the creation of a persistent, Trojanized update that would allow remote access to the system at the lowest possible level,’ researcher Adam Caudill said. ‘Another possibility would be the creation of an update that would render the system unbootable, requiring replacement of the mainboard.'” Read more of this story at Slashdot. 
Greg Costikyan sez, inBloom , a Gates-funded non-profit to harness data to improve grade school education, has partnered with New York and eight other states to encourage the development of apps to “further education” by using intimate data about students, without parental consent and with no ability for parents to opt out. Among the data shared are name, address, phone numbers, test scores, grades, economic status, test scores, disciplinary records, picture, email, race, developmental delay… just about everything conceivable , and all specific, none of it anonymized. inBloom has arrangements with nine states (New York, Massachusetts, Louisiana, Colorado, Illinois, North Carolina, Georgia, Delaware and Kentucky) to do this. The XML schema used are downloadable here . Anyone can register as a developer and start using “sample” data, but “real” data is supposedly only available to developers with contracts with a school board. But this includes for-profit, third party developers, such as, say, Amplify, a News Corp subsidiary with a contract with New York. And it doesn’t appear there are any constraints on their use of this data. Who is Stockpiling and Sharing Private Information About New York Students? ( Thanks, Greg! ) 