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Labor Department Admits Data Leak, Says Claims Data Was Released 15 Hours Early Due To "Glitch"
As we reported first earlier, moments after today's market moving initial claims data was posted, we observed that it had been leaked previously as various other data aggregators, but not the main wires, had looked at the DOL's website and found today's claims number had been posted at least 15 minutes before the formal release, and possibly far prior to that. Minutes ago, the DOL, already embroiled in numerous data disclosure SNAFUs was force to add epic humiliation to mere modest humiliation, and admit that the data was indeed released before its official embargo lift time of 8:30 am. 15 hours before. And whose fault is it? Why a "computer glitch" of course. In other words, computers now have the capacity to not only destroy market makering firms, to push key currency pairs at will, to cause stock market flash crashes, to scuttle mega-IPOs, but also to released key data at will, and entirely on their own. Needless to say, there is never a human being behind any of these errors, which are always in the passive voice. It is always the computer's "fault."
From Bloomberg:
- U.S. Labor Dept. says in e-mail its automated system inadvertently triggered release of data.
- Claims data were posted 5:10pm Washington D.C. time yesterday
- Dept. conducting internal review of new testing procedure
The real question is does anyone even care? If the DOL release key labor data one day in advance to everyone, it is idiotic to believe that all those reponsible for data dissemination do not, at a price, distribute the data to various asset managers who are desperate to get an information arbitrage at any cost over everyone else.
Watching the system implode under its own weight has become an exercise in futility and sadness.
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Get over it, nothing new, the leak was just leaked.
All these bitchez with the glitchez will get the stitchez
Nobody speaks up for the computers!
Intel chip - "Garbage in, garbage out. Not my problem."
American Computer Citizenism is Eternal.
Funny thing about computers; they only do what you tell them to.
So the "accidental" release only went out to certian entities? How come it just wasn't just a normal universal release, albeit a bit early? What a complete crock of shit.
All hail the SKYNET!
The problem is that the early message was really intended to JUST go to Goldman Sachs but was accidentally sent to a other recipients also. Then, they had to come up with an explanation of why non-GS insiders were also receiving the intended message. GS is the one that is demanding the explanation from the BLS on how others could have received the advanced info.
My computer often does not do what I tell it to do.
if my computer did what I told it too do, it would not be sitting on my desk; it would be burning in hell.
It just clicked in my head, there is a reason for the glitches.... I thought it was an outside job- No, it is an inside job...
What! There is a better way to not pay for the Market Crashing. They will not have to pay for those going short "or anybody for that matter who is making money on the way down".
It was a GLITCH "NO MONEY FOR YOU", We don't have to pay, its not our fault.
Market is not crashing because of fundamentals, its crashing because of all of those glitches we put in there!!!
They keep talkng about all the $$$ on the sidelines. People will NOT return to the stock market until they know their money is "safe.
They will not feel their money is safe until the criminals involved in the fraud have been punished.
JPM, LIBOR, Corzine, GS.....
BILLION$$$ of dollar "disappear", and the companies involved pay a $5 million fine......to the govt. or lawyers. LOL
Lehman, AIG, MF Global, Peregrine Financial, the latest (trouble) is Knight Capital, and how many before, and how many to come? They stole all their clients money under the guise of a "bad investment."
Don't be fools.
It's not a “technology glitch".
It's not a “trading anomaly”.
It's the new business model.
Say it was "lost", keep the clients money, congress never punishes anyone.
Any charges????
Where is Jon Corzine?
People will wake up when Wells Fargo or B of A do it.
"Sorry....we 'lost' your money!"
Money doesn't get "lost".
If someone "loses" it, someone "makes" it.
That money didn't disappear.
Your bank could do it with your bank acct., Fidelity could do it with your retirement acct., Schwab could do it with your investment acct.....
You'd be broke, they'd be rich, we'd have no recourse, the clowns in Washington would do nothing.
As a systems analyst, I approve of this message.
I bet you miss the key punch card days. I bet the BLS does.
"It was a bent card. Not my problem." :)
Luckily I had a different career back then, drafting and surveying in the defense of freedom as one of Uncle Sam's Misguided Children.
Come on, everyone accidentally presses the "release initial claims data 15 hours early" button from time to time.
Couldn't they have made the lie half believable by leaking it 12 hours early? You know, like an AM/PM mixup. Fucking numbnuts. They can't even lie appropriately anymore.
The only reason to carefully craft a lie is if the liar needs to be believed or to retain credibility. The BLS knows neither is required any longer since the lies are only believed (for 500 nanoseconds) by the HFT algo choir.
...
Geithner sold them his Turbo Tax.
KCG robot release...HAL?...for fucks sake...15 fucking hours!!!
sadness. this is the right word.
i love computer glitches -
http://www.tradeforprof.it likes to chat about them in detail as they occur
Hackers are earning the dough these days.
Computer glitch means never having to say I'm sorry.
.
These programmers need to stop fucking shit up, or I might lose my IT job for 100 humans.
So it wasn't Corzine's fault either?
I blame Bush. It works for Obama.
"Daisy, Daisy"
No wonder Obama wants to create an executive order that is hard on computer crime.
He might want to get tough on drones for murder, wire tapping an voyeurism ... as long as he is at it.
You just gave them an idea that when, not if but when drones start killing American citizens they can blame it on a glitch
They already do this in Afghanistan, Iraq,...
Yeah but EVERYBODY in Af-Pak-Iran-MidEast-Asia is a tearhizt if they're killed by US./NATO/SEATO/WHOEVER anyhow so it really is all systems go, full speed ahead, HellofajobBrowniecakes, 100%, superdooper....
A security hole is a casual mistake if the same is practiced daily by the very same personel.
The fuckers are running out of tricks.
You. Just. Can't. Make. This. Stuff. Up
Welcome to Romper Room.
Just as in most OSs , most of the middle-ware languages , like PHP for this site, and Coldfusion, which I work on, has a scheduled events function. If one wanted to display data at a set time , code could be written that would cause the code to execute based on the time in the code and how it compares to the server clock. When the Server clock agrees with the time inputted by the user or hard coded by the programmer, it retrieves the data and writes it to a HTML page.
All Good right?
The article was complaining that they were blaming a computer when it was obvious it was human error. That's 100% true. A Computer "glitch" at some point in time is caused by a human. Perhaps the programmer left it up to management to enter the time and day they wanted to have it displayed. I've seen many programs that ask you to select a time based on GMT (Greenwich Mean Time). That has a high dweeb factor in it, but the reality is, no one really knows what the time difference is of their locale with GMT. So it was either someone entered the wrong time for the code to execute or the programmer got cute and put GMT in and the Person responsible for the release got even cuter and guessed what the difference was with GMT, instead of say using Google, and crack boom another major fuck-up
All human error and not just any error, it's a series of Douche-Muffin errors.
I think some douche intern doesn't know how to use the cloud.
Hey...you. Get off of my cloud.
Greenwich Mean Time sounds like some kind of bad-assed prison sentence.
"Son, you're gonna do 20 years of Greenwich Mean Time."
Why not just use Zulu time then? Just curious.
Resurect what Henry Ford said about there being a revolution before the morning if the people knew what was really going on. Here is more evidence of front-running (never mind that the data are manufactured). But, are the people listening? And if they are, can/will they do anything now that they are on their daily happy pills?
like data matters.. move along. no problems here.
Hi, I'm cougar_w's computer. I've been posting crap on ZH for years, he doesn't even know I do it. What a stupid fuck! Every time he walks away to go take a pee or get coffee, I jump on here and post up a storm. When he's back, I have the porn up again. He has no idea.
Oh and the fiction? Give me a break, the guy can barely put two words together. Me and the web server in the next room collaborate on the creative writing. We really like writing about Fortran, she's cool and everything. Man I wish I had 4 trillion computational units like she does. A mech can dream, right?
Oh shit here he comes! Look at him waddle like an ox the moron. Gotta split meat bags k bai
Hey coug,
Your nanny's been at the keyboard again. Better wipe it down.
--Jim in MN
First rule of byte club is you do not talk about byte club!
No back peddling now cougar. Only the organically insane could come up with your stuff. :)
http://madscienceunlimited.com/fiction/
Hey now, we worked on "Not Even Work" together, remember. I still think it's funny as hell. That was a long time ago, seems like. I might revisit it soon and update for continuity.
So much has changed in the world, since then. Where will it all be another year from now?
I guess we'll find out!
comment removed by author -tenpanhandle
"Hey, who's that greasy little man over there by the pay phone with a memo pad and thumbed-over Rolodex?"
"Oh, never mind him...that's just Glitch. Eddie Glitch."
My laptop tried to bludgeon a unicorn to death the other day. Crazy computer...
Clearly, Yahoo's "Mensa Stevie Davis" did it. He claims he can do ANYTHING, including unleashing "mini-Stuxnets" - his term - via Yahoo, whenever he pleases.
Insist that Yahoo Security apprehend and arrest "Mensa Stevie" and his Botnet of "prankster" hackers, whose pranks routinely take down millions of innocent people's computers, and the Guardians of the Internet may finally be going after the correct people, instead the wrong ones.
Only real problem was that the leak went out to more than just the "subscribers".
Follow the money. There's your glitch.
human glitchez, bitchez
just like the whole freakin market
one big human glitch
"Did you ever have a glitch...that you just can't scratch?"
They plan to leak the results of the november elections early next week.
oinkin for a boinkin is now itchin for a glitchin.
Where's the Limerick King when we need him?
one day at dept of labor
the computer decided to favor
a few special geeks with a few inside leaks
----- --- ------ ---- ---------.
help me out here, your Highness..
...Making coin like theyz hackin the LIBOR
" no bankster needed to waiver"
ach, lame--- I blame meself.
Makes a better haiku
Labor department leaks
Some show surprise, but why so?
All drips create leaks
so they could continue to plunder the savers.
+1
Labor leak. So like, their water broke?
One has to ask the question, "What are they giving birth to?"
There are rare moments when I realize suddenly that women live in a different world.
I love it when that happens.
Excellent comments by both of you.
Guns don't kill people. People kill people.
This is not a crime as long as this is for the "US economy recovery"
Yeah, like right after the numbers are compiled and fudged, TPTB don't know the results? Come on U.S.A, do you think we believe anything you put out anymore? Give it up already! You're a joke!
Glitch my ass... The Labor Dept needs to hire some Employees that don't drink out of "sippy cups"!
Won't help. They'll just take shots straight out of the bottle.
As a child I really could have used that excuse..."The computer did it".
So the information was in releasable condition 15 hours ahead of time?
How could anybody possibly have known what it was except for the glitch?
So we leaked the made up number. Can you ever forgive us? We promise in the future to keep our illusion secret until the time we are supposed to release it.
Thank you.
"My mom came downstairs this morning to check on me before the cash open. Sadly, she caught me masturbating to some CFNM porn. She screamed and asked how it got there. I said I was looking at the TRIN and TICK numbers on one screen and CNBC on the other. When I tried to post my TRIN findings and retail stock prices on ZeroHedge this porn came up due to a GLITCH, my belt malfunctioned, I tripped over my pants leg and fell on the lotion, then my hand accidentally rubbed my peenus a few times. She said Oh, and went upstairs."
-RoboTrader
I'll have to say, this was rather unexpected.
Too bad he is access denied again and over at WSB slurping rasputin.
Why is that? It's too bad, I get a kick out of his imperviousness to character attacks.
Are you a power that bees at ZH?
Am I a power that be on ZH? Are you serious?
I'm nobody.
Oh come on. How hard could it have been to just say "yes in fact I am".
Think of what you could do with that. I mean you'd be as good as Godman Sachs.
Here let me fix it for you: [rewind]
Yes I am in fact a power that be. I rule. I am doing God's work, fuckers. All the rest of you pleebs post or not at my pleasure, and I might become hard to please if you know what I mean, so start with the sucking-up. You can begin by ending all your personal comments with "And I still think fuu is a hoopy frood" and if you ask me what that even means I will site-ban you so hard even your Yahoo Groups acounts will reject you.
See? Like that.
What does that mean?
Actually I'm not entirely sure. I think it means you are really hip or something. But on some other planet or maybe even in some other galaxy.
It's esoteric wisdom. Just roll with it.
Ya know, computer glitches USED to cause computers to Blue Screen and lock up. When was the definition changed to...whatever the shit happening these days is?
Don't worry. They still blue-screen and lock up. That part hasn't changed.
It's just that now when they do it costs the US economy like $200B in unintended damages, closes 3 Florida banks at random, knocks .01% off the GDP, and phones your mom and tells her you are still seeing that trashy slut she warned you about.
This is what comes from globalization. And from running anything of importance on Microsoft Windows. The world is ruined and your mother is worried sick you'll get the clap.
They should just come out with these numbers when they are available and cut out all the theatrics. Let interested parties discover the updates or if you'd like send out an email that the data has been updated. Seems to work pretty good for the FRED data.
OK Clancey, take the boys and surround the mainframe.
Needless to say, there is never a human being behind any of these errors, which are always in the passive voice. It is always the computer's "fault."
I like working in the computer field.
If I were an architect, and I designed a bridge that fell down, I'd probably be put in jail. But as a system designer, if one of my creations collapses it's 'the computer's fault', and I as a 'computer expert' am paid extra money to correct my mistakes...
That's kinda what Goldman Sachs does, isn't it? Nice work if you can get it.
http://1.bp.blogspot.com/_y7rfKiUrBlY/TKTVgADeMoI/AAAAAAAAC20/byXrBUDNG0...
I just miss the statement "Goldman got the info 15hrs early today", and "Goldman profitited from the UBS glitch".
So they are going to fire an IT guy for this? Who's accountable?
"Glitch" Details?
How about the BLS explains the details of what the "Glitch" was for one - details in detail. -Coding, inability to tell time, one set of code for one set of receipients another set of code for other receipients and in the latter case why would that be? Who, why, where, when, how - just the basics.
Accountability would require a better explanation than the amorphous misdirecting the error to computers with no one taking responsibility and fueling the blather factor which as it beomes a flaccid dick fades away, no use to anyone, thus serving the purpose of purposeful liars and managing misdirectors.
Furthermore, aren't 'early recipients' of the BLS numbers under an embargo of that information until the release time? So questions arise as well as to the dissemination of number data received early and disseminated before the release or was it the unembargo'd received the heads up?
The points made here as to the (lack of) relevance, accuracy, usefulness, meaningfulness and potential political manipulation of BLS numbers are well taken as we all sink and then swim in a quagmire of who gives a shit.
Incidentally this is one of the few ways that actually exists it is possible "to know the future" -not- when somebody who knows what a number will be tells you before telling others. Technically however this is knowing the past before its announced - so knowing the future as impossible remains intact. --Explained for those who have lost track of the ontic meaning of and their relationtionship to time and truth of which I am sure there are not but a few.
Welcome to worse than Argentina, where at least everyone receives the same distorted economic data.
"What me worry?"- Alfred E. Neuman
In a politically correct world the questions after the facts aren't even good questions since everyone is trained not to ever answer a question directly and as a consequence becomes unable to formulate a good/relevant question. Its all so very sad - trying to care and all. Words only sounds or symbols that don't touch the reality they pretend to be directed towards because reality itself has come to have no meaning.
Oh, no...
Must be the season of the glitch.
BATS's strikes again! I guess as long as it didn't start trading, (if you want to call it that) we should be okay!
Seriously, if it were a real glitch, it would have advertised the real unemployment rate of 19.5 %.
Muppet's >> http://www.youtube.com/watch?v=na4dknhaBdo&feature=relmfu
I hope no computer will press the red button on itself. scary!
Does it make any difference? Next week the numbers will be revised up, right?