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These recordings are accompanied by user data showing location, contact details, and app data.” Although Siri is included on most Apple devices, the contractor highlighted the Apple Watch and the company’s Home Pod smart speaker as the most frequent sources of mistaken recordings.
As well as the discomfort they felt listening to such private information, the contractor said they were motivated to go public about their job because of their fears that such information could be misused.
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The rate is supposed to measure the rate at which banks borrow from each other, but Bailey said it wasn’t based on real borrowing.
LIBOR, the London Interbank Offered Rate, helps set rates for hundreds of trillions of dollars worth of financial instruments.
If Bailey was right, it meant a sizable portion of global economic activity rested on magical thinking. If banks were inventing numbers to submit to the LIBOR committee, could they not also be manipulating rates to line pockets? seemed to exist that the world’s major investors – including localities and pension funds – were being systematically ripped off.
A class of investors and retirement funds including Putnam Bank and the Hawaii Sheet Metal Workers Pension Fund did recently bring an antitrust suit alleging just such a scheme.