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"Millions of computers are heading towards a security crisis as Microsoft plans to end support for Windows 10 on October 14, 2025," writes BetaNews:
32 million devices — roughly 65 percent of household computers in Germany — are still running the aging operating system. In the DACH region, including Austria and Switzerland, over 35 million systems rely on Windows 10, leaving millions of users exposed to potential cyberattacks once updates stop. By contrast, only about 33 percent of German devices have transitioned to Windows 11, and over a million are still running even older systems like Windows 8, 7, or XP.
Thorsten Urbanski, an IT security expert at ESET, is sounding the alarm. "It's five minutes to midnight to prevent a security fiasco in 2025. We strongly urge users not to wait until October. Upgrade to Windows 11 now or choose an alternative operating system if your device cannot support the latest version. Otherwise, users are exposing themselves to significant security risks, including dangerous cyberattacks and data breaches...."
Urbanski also points out that the current situation is worse than when Windows 7 support ended in 2020. By late 2019, over 70 percent of users had already switched to Windows 10, while only about 20 percent remained on Windows 7. Today, the transition to Windows 11 is far slower, creating a dangerous environment. "Cybercriminals know these numbers well and are waiting for the end-of-support date. Once that hits, vulnerabilities will be exploited en masse."
"Those unable to move to Windows 11 are being advised to consider Linux as a secure alternative, especially for older hardware."
Thanks to Slashdot reader BrianFagioli for sharing the news.
Read more of this story at Slashdot.
As America begins a six-day state funeral for former president Jimmy Carter, Microsoft co-founder/philanthropist Bill Gates shared "my fondest memory" this week. "He and Rosalynn were among my first and most inspiring role models in global health."
They played a pretty profound role in the early days of the Gates Foundation. I'm especially grateful that they introduced us to Dr. Bill Foege, who once helped eradicate smallpox and was a key advisor for our global health work.
Jimmy and Rosalynn were also good friends to my dad. One of my favorite photographs of all time shows Jimmy Carter, Nelson Mandela, and my dad in South Africa holding babies at a medical clinic. I remember my dad coming back from that trip with a whole new appreciation for Jimmy's passion for helping people with HIV. At the time, then-President Thabo Mbeki was refusing to let people with HIV get treatment, and my dad watched Jimmy almost get into a fist fight with Mbeki over the issue. As Jimmy said in a 2012 conversation at the Gates Foundation hosted by my dad, "He was claiming there was no relationship between HIV and AIDS and that the medicines that we were sending in, the antiretroviral medicines, were a white person's plot to help kill black babies." At a time when a quarter of all people in South Africa were HIV positive, Jimmy just couldn't accept Mbeki's obstructionism.
Ars Technica reported it was also Jimmy Carter who saved America's space shuttle program.
And Carter installed solar panels on the roof of the White House (which "were later removed by his successor, Ronald Reagan," according to Boiling Point, an environmental newsletter from the Los Angeles Times):
He tried and largely failed to block construction of more than a dozen expensive, environmentally destructive water infrastructure projects such as dams, canals and reservoirs. He also tried to reduce U.S. dependence on foreign oil, implementing the first vehicle fuel-efficiency standards and tasking researchers with bringing down the cost of solar panels — an effort he predicted could be "a small part of one of the greatest and most exciting adventures ever undertaken by the American people...." And although he was largely thinking about how to free Americans from geopolitical crises that could wreak havoc on oil supplies and gasoline prices, he also had heat-trapping greenhouse gases in mind... The final report from the White House Council on Environmental Quality warned that fossil fuel combustion could cause "widespread and pervasive changes in global climatic, economic, social, and agricultural patterns." It advised that to avoid such risks, we should limit global temperature increases to 2 degrees Celsius above preindustrial levels — the goal eventually agreed to by nearly 200 nations, 35 years later.
Even if Carter's actions were targeted more at reducing oil imports than at cutting planet-warming pollution — he was willing to increase domestic coal production if it meant less dependence on foreign crude — the political battles he fought, particularly those he lost, have lessons for those of us who care about the climate today. The historian Kai Bird, for instance, notes that after struggling to pass a tax on gas-guzzling cars, Carter wrote in his diary, "The influence of the oil and gas industry is unbelievable, and it's impossible to arouse the public to protect themselves." Indeed, oil and gas companies still wield huge influence. SUVs are more popular than ever.
The newsletter argues the story of Carter's life can be an inspiration, since Carter saw a lot of changes in his 100 years.
"We need to see more changes to survive. May we all be as lucky as Carter was."
Read more of this story at Slashdot.
Here’s my Year End 2024 update for our primary investment holdings, including all of our combined 401k/403b/IRAs and taxable brokerage accounts but excluding our house and side portfolio of self-directed investments. Following the concept of skin in the game, the following is not a recommendation, but a sharing of our real-world, imperfect, low-cost, diversified DIY portfolio.
“Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have in their portfolio.” – Nassim Taleb
How I Track My Portfolio
Here’s how I track my portfolio across multiple brokers and account types. There are limited free advanced options after Morningstar discontinued free access to their portfolio tracker. I use both Empower Personal Dashboard (previously known as Personal Capital) and a custom Google Spreadsheet to track my investment holdings:
- The Empower Personal Dashboard real-time portfolio tracking tools (free) automatically logs into my different accounts, adds up my various balances, tracks my performance, and calculates my overall asset allocation daily. Formerly known as Personal Capital.
- Once a quarter, I also update my manual Google Spreadsheet (free to copy, instructions) because it helps me calculate how much I need in each asset class to rebalance back towards my target asset allocation. I also create a new tab each quarter, so I have a personal archive of my holdings dating back many years.
2024 Year End Asset Allocation and YTD Performance
Here are updated performance and asset allocation charts, per the “Holdings” and “Allocation” tabs of my Empower Personal Dashboard.
I own broad, low-cost exposure to productive assets that will provide long-term returns above inflation, distribute income via dividends and interest, and offer some historical tendencies to balance each other out. I have faith in the long-term benefit of owning all of the best businesses worldwide, as well as the stability of high-quality US Treasury debt.
I let my stock holdings float relatively close to the total world market cap breakdown, and it is now at ~65% US and ~35% ex-US. I do add just a little “spice” to the broad funds with the inclusion of “small value” factor ETFs for US and Developed International stocks as well as diversified real estate exposure through US REITs. But if you step back and look at the big picture, this is my simplified target portfolio:
By paying minimal costs including management fees, transaction spreads, and tax drag, I am trying to essentially guarantee myself above-average net performance over time.
The portfolio that you can hold onto through the tough times is the best one for you. Every asset class will eventually have a low period, and you must have strong faith during these periods to earn those historically high returns. You have to keep owning and buying more stocks through the stock market crashes. You have to maintain and even buy more rental properties during a housing crunch, etc. A good sign is that if prices drop, you’ll want to buy more of that asset instead of less. I don’t have strong faith in the long-term results of commodities, gold, or bitcoin – so I don’t own them.
I do not spend a lot of time backtesting various model portfolios, as I don’t think picking through the details of the recent past will necessarily create superior future returns. You’ll usually find that whatever model portfolio is popular at the moment just happens to hold the asset class that has been the hottest recently as well.
I have settled into a long-term target ratio of roughly 70% stocks and 30% bonds within our investment strategy of buy, hold, and occasionally rebalance. My goal has evolved to more of a “perpetual income portfolio” as opposed to a “build up a big stash and hope it lasts until I die” portfolio. My target withdrawal rate is 3% or less. Here is a round-number breakdown of my target asset allocation along with my primary ETF holding for each asset class.
- 35% US Total Market (VTI)
- 5% US Small-Cap Value (VBR/AVUV)
- 20% International Total Market (VXUS)
- 5% International Small-Cap Value (AVDV)
- 5% US Real Estate (REIT) (VNQ)
- 15% US “Regular” Treasury Bonds or FDIC-insured deposits
- 15% US Treasury Inflation-Protected Bonds or I Savings Bonds
I do let things wobble a bit so I don’t have to keep rebalancing. Also, I have limited tax-deferred space for TIPS so I own less than I might otherwise. So the bonds is closer to 20% Treasuries and 10% TIPS.
Performance details. According to Empower, my portfolio went up around 11.5% in 2024. The S&P 500 went up 23.3% in 2024, while the US Bond index went up around 1.3%. Another year of relative underperformance in international stocks in the books.
Overall, we spent some of our dividends/interest and also made some 401k/IRA contributions with income to take advantage of tax-deferred opportunities. We no longer have the crazy savings rate of our 20s and 30s. Owning stocks continues to reward long-term investors. Out of curiosity, I generated a Morningstar Growth of $10,000 Chart for the Vanguard LifeStrategy Growth Fund (VASGX) which holds a static 80% stocks and 20% bonds and most closely mimics my portfolio since 2005, roughly when I started investing more seriously and started this blog. A very rough approximation is to expect your money to double every decade (Rule of 72). The money that I invested 20 years ago has indeed roughly doubled twice (4X).
I’ll share about more about the income aspect in a separate post.
This week New York Times technology columnist Kevin Roose published his annual "Good Tech" awards to "shine the spotlight on a few tech projects that I think contributed positively to humanity."
And high on the list is "Andres Freund, and every open-source software maintainer saving us from doom."
The most fun column I wrote this past year was about a Microsoft database engineer, Andres Freund, who got some odd errors while doing routine maintenance on an obscure open-source software package called xz Utils. While investigating, Freund inadvertently discovered a huge security vulnerability in the Linux operating system, which could have allowed a hacker to take control of hundreds of millions of computers and bring the world to its knees.
It turns out that much of our digital infrastructure rests on similar acts of nerdy heroism. After writing about Freund's discovery, I received tips about other near disasters involving open-source software projects, many of which were averted by sharp-eyed volunteers catching bugs and fixing critical code just in time to foil the bad guys. I could not write about them all, but this award is to say: I see you, open-source maintainers, and I thank you for your service.
Roose also acknowledges the NASA engineers who kept Voyager 1 transmitting back to earth from interstellar space — and Bluesky, "for making my social media feeds interesting again."
Roose also notes it was a big year for AI. There's a shout-out to Epoch AI, a small nonprofit research group in Spain, "for giving us reliable data on the AI boom." ("The firm maintains public databases of AI models and AI hardware, and publishes research on AI trends, including an influential report last year about whether AI models can continue to grow at their current pace. Epoch AI concluded they most likely could until 2030.") And there's also a shout-out to groups "pushing AI forward" and positive uses "to improve health care, identify new drugs and treatments for debilitating diseases and accelerate important scientific research."
The nonprofit Arc Institute released Evo, an AI model that "can predict and generate genomic sequences, using technology similar to the kind that allows systems like ChatGPT to predict the next words in a sequence."
A Harvard University lab led by Dr. Jeffrey Lichtman teamed with researchers from Google for "the most detailed map of a human brain sample ever created. The team used AI to map more than 150 million synapses in a tiny sample of brain tissue at nanometer-level resolution..."
Researchers at Stanford and McMaster universities developed SyntheMol, "a generative AI model that can design new antibiotics from scratch."
Read more of this story at Slashdot.
A U.S. Appeals Court ruled this week that net neutrality couldn't be reinstated by America's Federal Communications Commission. But "Despite the dismantling of the FCC's efforts to regulate broadband internet service, state laws in California, New York and elsewhere remain intact," notes the Los Angeles Times:
This week's decision by the 6th U.S. Circuit Court of Appeals, striking down the FCC's open internet rules, has little bearing on state laws enacted during the years-long tug-of-war over the government's power to regulate internet service providers, telecommunications experts said. In fact, some suggested that the Cincinnati-based 6th Circuit's decision — along with other rulings and the U.S. Supreme Court's posture on a separate New York case — has effectively fortified state regulators' efforts to fill the gap. "Absent an act of Congress, the FCC has virtually no role in broadband any more," Ernesto Falcon, a program manager for the California Public Utilities Commission, said in an interview. "The result of this decision is that states like California, New York and others will have to govern and regulate broadband carriers on our own."
California has one of the nation's strongest laws on net neutrality, the principle that internet traffic must be treated equally to ensure a free and open network. Former Gov. Jerry Brown signed the measure into law in 2018, months after federal regulators in President elect-Donald Trump's first administration repealed the net neutrality rules put in place under President Obama. Colorado, Oregon and other states also adopted their own standards.
The Golden State's law has already survived legal challenges. It also prompted changes in the way internet service providers offered plans and services. "California's net neutrality law, which is seen as the gold standard by consumer advocates, carries national impact," Falcon said.... "The state's authority and role in broadband access has grown dramatically now," Falcon said.
California's net neutrality rules prohibit "throttling" data speeds, according to the article.
Read more of this story at Slashdot.
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