Society's ChildS


Stock Up

Mysterious algorithm was 4% of trading activity last week

A single mysterious computer program that placed orders -- and then subsequently canceled them -- made up 4 percent of all quote traffic in the US stock market last week, according to the top tracker of high-frequency trading activity. The motive of the algorithm is still unclear.

The program placed orders in 25-millisecond bursts involving about 500 stocks, according to Nanex, a market data firm. The algorithm never executed a single trade, and it abruptly ended at about 10:30 a.m. Friday.

"Just goes to show you how just one person can have such an outsized impact on the market," said Eric Hunsader, head of Nanex and the No. 1 detector of trading anomalies watching Wall Street today. "Exchanges are just not monitoring it."

Hunsader's sonar picked up that this was a single high-frequency trader after seeing the program's pattern (200 fake quotes, then 400, then 1,000) repeated over and over. Also, it was being routed from the same place, the Nasdaq.

"My guess is that the algo was testing the market, as high-frequency frequently does," says Jon Najarian, co-founder of TradeMonster.com. "As soon as they add bandwidth, the HFT crowd sees how quickly they can top out to create latency."

Target

Teasing over flatulence leads to deadly fight

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Victim: Shaakira Dorsey
Warrensville Heights, Ohio - Police say a 16-year-old girl is dead and another 16-year-old girl is in police custody. Officials say the girls were fighting around 8 p.m. Wednesday at 4769 Walford Road in Warrensville Heights.

According to witnesses the victim was teasing the suspect because she passed gas. One thing led to another and fisticuffs began flying. Witnesses also tell 19 Action News that several adults stood around and watched the whole thing go down, including the victim's stepfather. But by the time he intervened, it was too late.

Shaakira Dorsey collapsed once the fight was broken up. EMS rushed her to the hospital, where she died. The Cuyahoga County Medical Examiner has not yet released her cause of death.

The teen suspect has been charged with one count of murder. Her name is not being released.

The Warrensville Heights School District released a statement saying:
"Warrensville Heights City School District is deeply saddened by the loss of a member of our student family, Shaakira Dorsey, who passed away on Wednesday evening. Shaakira was an eleventh grade student at the High School and a member of the Lady Tigers Softball Team. We will follow our established procedures for this type of crisis. The Grief Counseling Team will be available in the High School throughout the remainder of the week and next week as well. At this time, we are respecting her family's privacy and ask that you keep them in your thoughts and prayers. Details regarding arrangements will be shared at a later date."
Source: WOIO

Eye 1

Scammers using wheelchairs to skip airport lines

wheelchair
© Matt Dunham/WPA Pool/GEtty Images
Texas, Houston - A wheelchair request can put you at the front of a long airport line.

Or, at least, that's the angle some fully-abled passengers are using to cut through the winding queues at airport security checkpoints, the New York Times reported. According to the 1986 Air Carrier Access Act, airlines are required to accommodate disabled travelers - who need not show any proof of disability - free of charge.

And this isn't news to airport staffers.

"When [travelers] see that the line is so long, they just ask for a wheelchair," Evelyn Danquah, an attendant for Delta Air Lines, told the Times. She said she has seen some wheelchair fakers stand and walk away as soon as they clear security. Wheelchair attendants - whose salaries range between $9 and $14 an hour, with tips, help to maintain a "don't ask, don't tell" policy regarding the line-hopping strategy in hopes of bolstering their paychecks, the Times reported.

The tactic even spawned a new term among flight attendants: "miracle flights." Where passengers use wheelchairs to board but abandon them when their planes land.

Kelly Skyles, the national safety and security coordinator for the Association of Professional Flight Attendants, told the Times she believes travelers shed their wheelchairs because passengers in wheelchairs are the last to leave the plane.

Black Cat 2

Thieves robbing homes of recently deceased -- during their funerals


  • Minneapolis - St. Paul Police have a warning about thieves who they say stole from the dead.

    Investigators say Jeffrey Lanceman and John Contreras used newspaper obituaries to target homes of people who'd just died, breaking into their homes during their funeral.

    Authorities say it happened in Ramsey, St. Paul, and possibly Edina.

    WCCO-TV talked to the neighbor of a victim who sees this crime as a personal attack. Never did she imagine the nightmare that was happening in her deceased neighbor's home while the family was away at the funeral.

    "What we learned now [The robbers] probably had a sheet or towel hung so you couldn't see what was going on," said the neighbor, who only gave her first name, Colleen.

    Newspaper

    New York Times staffers stage walkout

    New York Times
    © WikimediaNew York Times building
    Unionized workers at the Gray Lady coordinate a brief protest over contract negotiations.

    Unionized New York Times staffers plan a short walkout on Monday afternoon, reported Katherine Fung at the Huffington Post. The staffers, members of the Newspaper Guild of New York, will meet up and collectively walk outside of the new but iconic New York Times building in Manhattan to protest management's position on contract negotiations.

    Fung reports that "the walkout won't be the first protest that Times' staffers have staged over proposed contract terms. Earlier this year, employees held a silent protest outside a meeting of top editors, and demonstrated outside the company's annual shareholders meeting. Angry staffers also made their demands heard in a series of videos."

    Below is an edited version of the email that the staffers received today from Grant Glickson, the unit chair for the Newspaper Guild at the Times, detailing the background for Monday's protest:

    Bug

    Florida man dies after winning roach eating contest

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    A Florida man died Friday night after consuming "dozens of roaches and worms" during a contest held by a pet store, police report.

    Edward Archbold, 32, collapsed after winning the repulsive contest at Ben Siegel Reptile Store. Archbold, who was competing for a free python, was stricken outside the Deerfield Beach business, according to the Broward County Sheriff's Office.

    Investigators reported that Archbold "wasn't feeling well and began to regurgitate" shortly after the contest's conclusion. "He had consumed dozens of roaches and worms," a sheriff's spokesman noted.

    Archbold was pronounced dead after being transported to an area hospital. An autopsy was conducted, and the Broward County medical examiner is awaiting test results to determined Archbold's cause of death.

    Archbold is pictured above in a mug shot taken in 2004, following his arrest for disorderly conduct and indecent exposure (for which he was convicted).

    Bizarro Earth

    More than 30 civilians killed by Nigeria military

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    © Abdulkareem Haruna/The Associated PressIn this photo taken with a mobile phone, soldiers stand outside a burnt out shopping mall in Maiduguri, Nigeria, Monday, Oct. 8, 2012.
    Nigerian soldiers angry about the killing of an officer shot dead more than 30 civilians Monday in a northeastern city long under siege by a radical Islamist sect.

    The attack came from soldiers attached to a special military unit on guard in Maiduguri, the spiritual home of the sect known as Boko Haram, in an effort to supposedly protect its citizens from the violence gripping the city. The killings likely will further antagonize a population already alienated by checkpoints, security force harassment and the threat of being killed by soldiers who are targets for the sect's increasingly bloody guerrilla attacks.

    An Associated Press reporter in Maiduguri counted the dead while on a tour of the still-smoldering neighborhood Monday afternoon. The journalist saw no weapons or evidence that the dead belonged to the sect. A soldier nearby, who did not identify himself, claimed the attack was a response to a bombing nearby earlier Monday that he said killed a lieutenant.

    "They killed our officer!" the soldier shouted. "We had no options!"

    Handcuffs

    Suspect arrested with explosives, bizarre plan to blow up churches

    Gregory Arthur Weiler II
    © The Associated PressGregory Arthur Weiler II. Prosecutors have filed charges against the Illinois man accused of plotting to bomb nearly 50 Oklahoma churches. Weiler has been charged under the state's anti-terrorism act.
    Miami, Oklahoma - A court document alleges that a 23-year-old man arrested Thursday afternoon at a motel in Miami, Okla., had gathered materials for 50 Molotov cocktails and constructed a list of local churches that he may have been planning to bomb.

    Gregory A. Weiler II was taken into custody at the Legacy Inn & Suites and charged Friday with being a threat to use an explosive device and violating the state's anti-terrorism law.

    Police were called to the motel at 11:12 a.m. Thursday regarding suspicious items found in a trash bin. Officers were shown a green military sailor's bag that contained 50 brown glass bottles with duct tape and sections of cloth attached, according to a probable-cause affidavit filed Friday in Ottawa County District Court.

    A funnel, strips of cloth torn from sheets, yet another brown glass bottle and "an unknown green object" also were found inside the bag, and a 5-gallon can of gas believed to be associated with the other items was located by officers, according to the affidavit.

    Police were called back to the motel at 3:21 p.m. when similar items were spotted inside Room 127, the affidavit states. A search warrant consequently was sought and served at 5:56 p.m.

    Heart - Black

    Republican Charlie Fuqua supports parental death penalty for kids

    Republican Charlie Fuqua
    © UnknownRepublican Charlie Fuqua
    Republican candidate Charlie Fuqua, who is running for the Arkansas House of Representatives, has written a book, God's Law, in which he supports the death penalty for "rebellious children".

    Fuqua, who is pro-life, says that sentencing a child to death is described in the Old Testament of the Bible and would require court approval. Fuqua believes that such a law in the U.S. would stop rebellious children, reports the HuffingtonPost.com.

    Padlock

    Jurors sentence ex-Houston police officer to life in prison for raping waitress


    An ex-Houston police officer broke down in tears after he was sentenced to life in prison Monday for raping a waitress in the back of his patrol car.

    Abraham Joseph stood stunned when he heard the sentence. He stared at the jury as he tried to process what just happened to him, then began crying.

    The former cop's wife collapsed into the arms of another family member in the back of the courtroom.

    The jury last week convicted Joseph of aggravated sexual assault by a public servant after a month-long trial.

    During the sentencing phase, jurors heard from three other women who said Joseph also assaulted them and threatened to have them deported if they told anyone.