Stay Out of My Dropbox

Hmmm… Thought-provoking post by Susan Orlean. As Dropbox becomes more ubiquitous this will become more of an issue for everyone.

Privacy became an issue the other day in the case of Dropbox, the popular online backup service. Apparently, in its original wording, Dropbox’s terms of service made it sound as if files stored there were encrypted, so employees couldn’t read them, even if they wanted to. But recently the wording was changed to something a little squishier: it now seems that employees are merely “prohibited” from reading files, rather than unable. I was dismayed when I heard this, because I use Dropbox constantly, but my dismay had more to do with seeing a good company handle an issue so clumsily than thinking my privacy was suddenly compromised. Millions of files are uploaded to Dropbox every day. Even the biggest nosey body in the world couldn’t go through that much stuff.

Garret RIP

It’s not often that one feels genuine sadness when a politician dies, but I felt it this morning when the news came through that Garret Fitzgerald died last night. He was one of the very few Irish politicians who was a genuine intellectual — a fact often illustrated by the (possibly apocryphal) story of him emerging from an exhausting all-night EU negotiation session and expressing the view that while the resulting deal might be ok in practice “the question is whether it works in theory”.

He was for many years an academic at University College, Dublin and benefited from an unusual clause in the terms of employment of lecturers in the National University of Ireland (of which UCD was a constituent college) which gave staff unpaid leave of absence to hold public office while keeping their academic posts open. So even when he was Foreign Minister or Taoiseach he always had the possibility of returning to academic life. Perhaps that’s what gave him such a sublimely distracted look.

He was a mass of contradictions: the son of two heartland Irish nationalists, he ought to have been a visceral anti-Brit. But he was exactly the opposite — which perhaps helps to explain why he was able to overcome the damage done to Anglo-Irish relations by the antagonism between Charlie Haughey and Margaret Thatcher. In that sense — as former President Mary Robinson pointed out on Radio 4 this morning — there was a strange resonance in the fact that he passed away on the night when the British monarch was making a speech down the road in Dublin Castle, at a banquet to which he had been invited.

Searching for images of him this morning, I was struck by this one (from Wikipedia), in which he looks eerily like my maternal grandfather — who was a devout Fianna Fail supporter and probably disapproved of Garret (who led the opposing political tribe, Fine Gael). The nicest personal memory I have of him comes from a day when I was heading for Davey Byrne’s pub off Grafton Street in Dublin. I suddenly saw Garret walking towards me, accompanied by one of his grandchildren, a young girl who was holding his hand and talking animatedly to him. What was striking was the fact that he was entirely engrossed in what she was saying, and paying no attention whatsoever to what was happening on the street. It was a lovely encapsulation of the fact that while he may have been a statesman and a world figure, at that moment he was, purely and simply, a loved and loving grandfather. May he rest in peace.

LATER: Nice round-up of tributes on Politico. And the LRB has put up a list of the articles he wrote for the magazine.

Where angels dare to tread: the new tech bubble

Nice, perceptive piece in the Economist.

SOME time after the dotcom boom turned into a spectacular bust in 2000, bumper stickers began appearing in Silicon Valley imploring: “Please God, just one more bubble.” That wish has now been granted. Compared with the rest of America, Silicon Valley feels like a boomtown. Corporate chefs are in demand again, office rents are soaring and the pay being offered to talented folk in fashionable fields like data science is reaching Hollywood levels. And no wonder, given the prices now being put on web companies.

Facebook and Twitter are not listed, but secondary-market trades value them at some $76 billion (more than Boeing or Ford) and $7.7 billion respectively. This week LinkedIn, a social network for professionals, said it hopes to be valued at up to $3.3 billion in an initial public offering (IPO). The next day Microsoft announced its purchase of Skype, an internet calling and video service, for a frothy-looking $8.5 billion—ten times its sales last year and 400 times its operating income. And those are all big-brand companies with customers around the world. Prices look even more excessive for fledgling firms in the private market (Color, a photo-sharing social network, was recently said to be worth $100m, even though it has an untested service) or for anything involving China. There has been a stampede for shares in Renren, hailed as “China’s Facebook”, and other Chinese web giants listed on American exchanges.

So, are we in another bubble? Answer: yes. It’s different this time, of course. (It always is — which is why people get fooled.) The Economist points out that one new factor is the relative importance of ‘angel’ investors — wealthy individuals who made money out of the last tech bubble — rather than traditional venture capitalists. Another is the arrival of new kind of investors who want to get in on this tech thing. Trouble is: they don’t know the first thing about it.

When it comes to investing in more established companies like Facebook and the bigger web firms, traditional venture capitalists now face competition from private-equity companies and bank-led funds hunting for profits in a bleak investment environment. Gucci-shod leveraged-buy-out kings may appear to be more sophisticated than the waitresses buying dotcom shares a decade ago—but many of the newcomers are no more knowledgeable about technology.

Yep. So it’ll be nice watching them take a bath.

SONY hack launched from Amazon Cloud

Wow! Amazing Bloomberg report.

For three pennies an hour, hackers can rent Amazon.com Inc. (AMZN)’s servers to wage cyber attacks such as the one that crippled Sony Corp. (6758)’s PlayStation Network and led to the second-largest online data breach in U.S. history.

A hacker used Amazon’s Elastic Computer Cloud, or EC2, service to attack Sony’s online entertainment systems last month, a person with knowledge of the matter said May 13. The intruder, who used a bogus name to set up an account that’s now disabled, didn’t hack into Amazon’s servers, the person said.

The incident helps illustrate the dilemma facing Chief Executive Officer Jeff Bezos: Amazon’s cloud-computing service is as cheap and convenient for hackers as it is for customers ranging from Netflix Inc. (NFLX) to Eli Lilly & Co. (LLY) Last month’s attack on Sony compromised more than 100 million customer accounts, the largest data breach in the U.S. since intruders stole credit and debit card numbers from Heartland Payment Systems in 2009.

“Anyone can go get an Amazon account and use it anonymously,” said Pete Malcolm, chief executive officer of Abiquo Inc., a Redwood City, California-based company that helps customers manage data internally and through cloud computing. “If they have computers in their back bedroom they are much easier to trace than if they are on Amazon’s Web Services.”

The Chromebook cometh

On June 15, Google launches its Chromebook netbooks. The Ubergizmo site has a useful preview of the Samsung version. Highlights include:

  • Thin (0.79-inch) case
  • 12.1-inch display
  • HD webcam
  • 8.5-hour battery life (for Samsung version; the Acer version has shorter battery life)
  • Onboard 60GB solid-state disk.

    So far, so conventional. But now it diverges from the norm:

  • 8-second boot-up time
  • 1-second wake-up from sleep mode
  • Supports SD and USB mass storage
  • Gmail, Google calendar and Google Docs work offline (“and many third-party applications will do the same”: Hmmm… The ones featured in the Google press conference didn’t look too exciting).
    Citric and VMware deals which will allow people to access their organisations’ Windows applications remotely.
  • The most interesting revelation, however, had nothing to do with the hardware. Google announced a “Chromebooks for Business” deal which, for $28 per employee per month, organisations get:

  • Free Chromebooks, replaced/updated every three years
  • Web console (?)
  • Support
  • Warranty and replacement
  • There’s also going to be a comparable deal for education – at $20/student per month.

    This could be really interesting – especially as many organisations (including major UK newspapers and universities) have already gone over to Google Apps (Gmail and Docs especially).

    Amazon.co.uk will be selling it from June 15.

    The IMF immune system

    Hmmm… I see that the IMF’s Articles of Association state that its officials “shall be immune from legal process with respect to acts performed by them in their official capacity except when the Fund waives this immunity.”

    1 picture = 1k words

    I’m continually impressed by the creativity and ingenuity of the people who do the cover designs for high-end magazines like the Economist and the New Yorker. This one from the issue of the New Yorker following Bin Laden’s killing is, IMHO, a minor masterpiece.