do it. think it. blog it! ... a twisted world

Monday Jun 06, 2005

Red Hat is attempting to gain more support in the open source community by spinning off its Fedora open source project into a separate group called the Fedora Foundation. As part of the deal, the development and ownership will fall under the new group, while Red Hat will still support it financially. Source : betanews
The foundation is expected to be set up by mid-August and will operate as a nonprofit 501 (c) (3) organization, said Mark Webbink, deputy general counsel at Red Hat. "It will be governed by an independent board that we don't control," he said. Source : inforworld
Computer Business Review reported that Red Hat has announced plans to hand over control of its Fedora community led Linux development project to the new Fedora Foundation as part of a new three pronged intellectual property strategy." As part of the transition, the Fedora open source project will transfer development work and copyright ownership of contributed code to the foundation. Now: This is in addition to the recent announcement by Red Hat to release the recently procured Netscape Directory Server from AOL as part of it's Fedora offering. I guess it's RedHat's hard spun effort to lure the Open Source community back. Well, Talking about opensource I bet you all know about java.net, Brazil, OpenOffice, OpenSolaris, JINI, JXTA, Grid Engine, JRMS, NetBeans. . Now. That's a true Open Source Community !!! For a Complete list of Open Source Projects that Sun is involved in; CLICK HERE. This whole topic reminds me of Ian Murdoc's post on "Red Hat Enterprise linux Is Proprietary" from almost a year ago. I bet that though the Fedora Directory Server has been opensourced, Red Hat WILL NOT, release the admin console bits as part of the offering. Well; for starters, thats the MOST desirable component organizations would like to obtain for managing the directory server. If it was just the backend LDAP server, there's always openLDAP. Speaking of LDAP servers, What i'd really like to see if a benchmark report on the following: Fedora Directory Server, openLDAP, Microsoft's Active Directory and Sun's Java Enterprise Systems Directory Server. (I just cant wait to see that). With Open Source Software being the wave of the current / NEXT generation, I would like to close with a line from Microsoft's CEO Steve Ballmer
"There has never been a more interesting time to be in the information technology industry than right now. I guarantee that the impact of the IT industry will be (greater) in the next 10 years than over the last 10."
With all this said, the LINE to really remember & remember for a long long time is Jonathan Schwartz's :
Sun "Believes In IP" But Not In "IP Colonialism,"
Hey Folks; do bookmark this post and read it 10 years from now. I bet you'd be surprised.
Citigroup, the world's largest bank, on Monday said account and payment history data on 3.9 million of its customers were lost in transit by United Parcel Service. New York-based Citigroup said the data were stored on computer tapes, and lost while UPS, the world's biggest package carrier, was shipping them to an Experian credit bureau in Texas. The tapes, which also contained Social Security Numbers, covered CitiFinancial Branch Network customers and about 50,000 customers with closed accounts from CitiFinancial Retail Services. Source news.com, & Associated Press
Well, is this something we all should fear? I do think so; and here's why?
Al Taqwa bank, part of a network of financial companies named by the Bush administration as a major source and distributor of funds for Osama bin Laden's terrorist operations, has shareholders that include prominent Arab figures from numerous countries in the Middle East. Al Taqwa was a so-called "hawala" operation (an informal word-of-mouth system that keeps no records and relies on trust) that facilitated transfers of cash between agents worldwide. The bank also used correspondent accounts : accounts that banks have in other banks -- to transmit cash to its agents. Source: salon.com.
So: Now you DO remember Sept 11 dont you ?. Well, Read this
Citigroup owns 23 percent of Saudi American Bank, the second- largest Saudi bank, known as Samba. ``Samba follows the same anti- money laundering rules as Citi, but it also complies with local (Saudi Arabian Monetary Agency) regulations,'' said Andrea Hurst, a spokeswoman for Citigroup.
So: In short, Citigroup is owned by Saudi Arabians, or am I making this up ?? Well, I have been told that a majority of the shareholders in Citigroup ARE Saudi Arabians. I am not so sure on whether this is true or not, However, you could research this for me and post your findings here. So anyway, why am I posting CitiBank's Boo Boo alongwith references to Sept 11th, Well, I Just hope it's not true, BUT, If CitiBank has lost huge volumes of it's customer data, AND if Saudi's DO have a huge stake in CitiBank, and IF this lost Data falls into the hands of folks that it was not meant to be, Well, Houston we sure do have a problem. Remember those Phishing emails we all receive, Well, expect that number to just increase from now on. Citibank is the largest financial group in the world and has long been a target for computer criminals. Computer criminals use "phishing" to gather confidential information from bank customers. But this "lost tapes" episode makes it all the more easy for them. There already has been a "HIT" All said and done; If YOU happen to be a citibank customer and are worried about this; CitiFinancial is inviting customers to enroll via a toll-free number, 1-888-469-8603, in a free credit monitoring service for 90 days.