No Surprise: Judge Says US Government Can Take The Proceeds From Snowden’s Book – Techdirt

from the contracts,-man dept

Back in the fall, we noted that, even if we thought it was silly, under existing law, it seemed highly likely that the DOJ would win its lawsuit against the publisher for Ed Snowden's memoir, Permanent Record. As I noted at the time, the government and the intelligence community in particular take the issue of "pre-publication review" incredibly seriously. Basically, if you take a job in the intel community, you sign a lifelong contract that says if you ever publish a book about anything regarding the intelligence community, you have to submit it for pre-publication review. Officially, this is to avoid classified information showing up in a book. Unofficially, it also gives the US government a sneak peek at all these books, and sometimes (it appears) allows them to hide stuff they'd rather not be public.

As I noted when the lawsuit was filed, there is another ongoing lawsuit challenging pre-publication review requirements on 1st Amendment grounds -- but given the state of the law today, it seemed pretty clear that Snowden would lose this case. And, that's exactly what's happened. Judge Liam O'Grady (who seems to end up with all sorts of high profile cases) easily ruled in favor of the government last week. In short, the court says: an unambiguous contract is an unambiguous contract.

The plain meaning of the contracts set forth above require prepublication review of a signatory's public disclosure which refer to, mention, or are based upon, classified information or intelligence activities or materials. The contractual language here is clear, and this Court is therefore legally barred from accepting extrinsic evidence of course of performance, course of dealing, and common trade practices.

That was in response to Snowden's legal team from the ACLU trying to seek discovery to get more evidence to support his case before it went up for dismissal. No go. In the end, a contract is a contract:

The terms of these Secrecy Agreements are clear, and provide that he is in breach of his contracts and the fiduciary duties identified therein if his public disclosures include the type of information and materials the contracts required to be submitted for prepublication review. Specifically, the CIA Secrecy Agreement requires prepublication review of "any writing... which contains any mention of intelligence data or activities, or contains any other information or material that might be based on" certain information, which was "received or obtained in the course of [CIA] employment... that is marked as classified or [known to be classified or known to be in the process of classification determination]."... Similarly, the NSA Secrecy Agreement require prepublication review of "all information or materials... prepared for public disclosure which contain or purport to contain, refer to, or are based upon protected information," which is "[i]nformation obtained as a result of [a] relationship with NSA which is classified or in the process of a classification determination," including but "not limited to, intelligence and intelligence-related information."... Because there is no genuine dispute of material fact that Snowden publicly disclosed the type of information and materials described above in Permanent Record and his speeches, the Government is entitled to summery judgment on both Counts.

As Snowden pointed out when this happened, all this has really done is to draw more public attention to his book, of course. But, I can see from the DOJ's viewpoint that it may have felt that if it didn't go after Snowden and Macmillan for this, then others might question why they had to go through pre-publication review as well.

Filed Under: cia, doj, ed snowden, liam o'grady, nsa, permanent record, prepublication reviewCompanies: macmillan

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No Surprise: Judge Says US Government Can Take The Proceeds From Snowden's Book - Techdirt

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Turkish Pro-Government Daily Yeni Akit: ‘The "Great Satan" [The U.S.] Is Occupying The World With Bases’ – Middle East Media Research…

A December 26, 2019 article in the Turkish daily Yeni Akit, titled "There Is No Place Left That They Have Not Messed Up! The 'Great Satan' Is Occupying The World With Bases" read: "The U.S., which brings disasters to the places it sees with drunken shouts of 'we are bringing humanity!' and is turning the Middle East into a place of fire, has 800 military bases around the world." The article gives a list of the major U.S. military bases in the Middle East and elsewhere.[1]

Turkish media have been discussing the U.S. bases in Turkey following Turkish President Recep Tayyip Erdoan's statement in a December 15, 2019 interview that "if it needs to be shut down, we will shut down Incirlik [Airbase]. If it needs to be shut down, we will shut down Krecik [Radar Station]" (see MEMRI TV Clip No. 7661 Turkish President Recep Tayyip Erdoan: We Have The Authority To Shut Down U.S.-Run Airbase, Radar Station In Turkey; If Measures Such As Sanctions Are Taken Against Us, We Will Respond As Necessary, December 15, 2019).

Following is the text of the Yeni Akit article:

"There Are About 180,000 Military Personnel At These Bases, With 60,000 To 70,000 In The Middle East"

"In recent years, despite having bases covering regions including Iraq, Afghanistan, and Syria, the U.S. has approximately 800 bases around the world, some of which are small radar stations, others are the size of cities. Maintaining these bases costs 200 billion dollars. According to data from the U.S. Department of Defense, the U.S. bases cost 749 billion dollars in 2018.

"The U.S. bases include all U.S. military structures connected to the Department of Defense, from enemy observation points to naval supply points, from training bases to radar bases. There are about 180,000 military personnel at these bases, with 60,000 to 70,000 in the Middle East. These numbers become more important when it is understood that they are found primarily in 17 countries that have permanent bases, and approximately 70 countries in total."

"In The List Of Countries With U.S. Bases, Turkey Comes Ninth With Nine Military Structures"

"It appears that the basic reason why the number of U.S. bases is so high is that the U.S. rarely abandons a base that it establishes in a country. The U.S.'s Ramstein base in Germany is an example of this. This base, which the U.S. established in 1949 after the Second World War, still serves the U.S. Air Force and, with 53,000 personnel, it is the U.S.'s largest base outside of its territory.

"Aside from Ramstein, the U.S. has 87 more bases in Germany. Germany is also the country, aside from the U.S., that has the most U.S. bases. After Germany comes Japan with 86, South Korea with 64, Italy with 29, and the U.K. with 16. In the list of countries with U.S. bases, Turkey comes ninth with nine military structures. Incirlik Airbase is the largest and most well-known military structure in Turkey. There are about 2,500 personnel and units belonging to the U.S. Air Force at the base, which was established in the 1950s after Turkey joined NATO."

"The U.S.'s Colossal Bases That Are Spreading Around The World Are Frequently Protested"

"The U.S.'s colossal bases that are spreading around the world are frequently protested, with 70,000 people demonstrating in Okinawa, Japan in 2018 and thousands of people in front of Germany's Ramstein Airbase. According to data from the U.S. Department of Defense, while the capacity of the existing bases is 21 percent more than the need, 30 percent of the infrastructure of these bases is weak or collapsing. The annual cost of only the unused bases is more than $500 million.

"The large, permanent bases around the world are as follows:

"Afghanistan: Bagram Air Base, Camp Dwyer, Camp Leatherneck, FOB Delaram, Kandahar Int. Airport, Shindand Airbase.

"Bahrain: NRCC Bahrain, NSA Bahrain.

"Belgium: USAG Benelux, USAG Brussels.

"Bulgaria: Aitos Logistics Center, Bezmer Air Base, Graf Ignatievo Air Base, Novo Selo Range.

"Cuba: Guantanamo Bay.

"Djibouti: Camp Lemonnier.

"Germany: Campbell Barracks, Landstuhl Medical Center, NATO Base Geilenkirchen, Panzer Kaserne, Patrick Henry Village, Ramstein AB, Spangdahlem Air Base, USAG Ansbach, USAG Bamberg, USAG Baumholder, USAG Darmstadt, USAG Garmisch, USAG Grafenwoehr, USAG Heidelberg, USAG Hessen, USAG Hohenfels, USAG Kaiserslautern, USAG Mannheim, USAG Schweinfurt, USAG Stuttgart, USAG Wiesbaden.

"Greece: NSA Souda Bay.

"Greenland: Thule Air Base, Guam, Andersen AFB, Naval Base Guam, Naval Forces Marianas.

"Iraq: Camp Baharia, Camp Banzai, Camp Bucca, Camp Fallujah, Camp Taji, Camp Victory, COP Shocker, FOB Abu Ghraib, FOB Grizzly, FOB Sykes, Joint Base Balad, Victory Base Complex.

"Italy: Aviano AB, Camp Darby, Caserma Ederle, NAS Sigonella, NSA Gaeta, NSA La Maddalena, NSA Naples.

"Japan: Camp Courtney, Camp Foster, Camp Fuji, Camp Gonsalves, Camp Hansen, Camp Kinser, Camp Lester, Camp McTureous, Camp S.D. Butler, Camp Schwab, Camp Zama, Fleet Activities Okinawa, Fleet Activities Sasebo, Fleet Activities Yokosuka, Fort Buckner, Kadena Air Base, MCAS Futenma, MCAS Iwakuni, Misawa Air Base, Naval Air Facility Atsugi, Torii Station, Yokota Air Base, Yontan Airfield.

"Kosovo: Camp Bondsteel.

"Kuwait: Ali Al Salem Airbase, Camp Arifjan, Camp Buehring, Camp Doha, Camp New York, Camp Patriot, Camp Spearhead, Camp Virginia.

"Kyrgyzstan: Transit Center at Manas.

"The Netherlands: Joint Force Command, USAG Schinnen.

"Peru: Naval Medical Research Unit Six.

"Portugal: Lajes Field, Porto Riko, Fort Buchanan.

"Qatar: Al Udeid Air Base.

"Saudi Arabia: Eskan Village Air Base, King Abdul Aziz Air Base, King Fahd Air Base, King Khalid Air Base, Riyadh Air Base.


"South Korea: Camp Carroll, Camp Casey, Camp Castle, Camp Eagle, Camp Hovey, Camp Humphreys, Camp Market, Camp Red Cloud, Camp Stanley, Fleet Activities Chinhae, K-16 Air Base, Kunsan Air Base, Osan Air Base, USAG Daegu, USAG Yongsan.

"Spain: Morn Air Base, Naval Station Rota.

"Turkey: Incirlik Air Base, Izmir Air Base.

"United Kingdom: RAF Alconbury, RAF Croughton, RAF Fairford, RAF Lakenheath, RAF Menwith Hill, RAF Mildenhall."

[1] Yeniakit.com.tr/haber/karistirmadiklari-yer-kalmadi-buyuk-seytan-dunyayi-uslerle-isgal-ediyor-979714.html, December 26, 2019.

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Turkish Pro-Government Daily Yeni Akit: 'The "Great Satan" [The U.S.] Is Occupying The World With Bases' - Middle East Media Research...

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Is this What the Huawei P40 Pro Will Look Like? – Gizchina.com

Is this What the Huawei P40 Pro Will Look Like?

The surfacing of renders for the upcoming Huawei P40 series has almost become a daily occurrence and today is no different. Thus lets have a look at the latest ones coming from the TargetYouTube.

According to the website, the Huawei P40 Pro will look a lot like the latest Samsung Galaxy Note 10 at the front. This means we find a punch-hole camera in the upper part of the display. Now, while the Chinese phone maker has been using larger notches in their latest flagships, the punch-hole camera is definitely where the mobile industry is going in 2020; thus its plausible the P40 Pro will adopt it as well.

Additionally, the smartphone also appears to feature a curved display to achieve that full-screen look without bezels. As always, some will love this design, while other will prefer a flat display.

Moving onto the back of the phone. We find the camera module design weve seen in so many renders in these past weeks. This consists in a rectangular camera bump with at least five image sensors; accompanied by a large dual LED flash.

Specs wise, the P40 Pro by Huawei is expected to pack the latest Kirin 990 5G SoC. A chipset that uses the industrys most advanced 7nm + EUV manufacturing process and integrates 5G modem into the chip for the first time. As that werent enough, its also the worlds first mobile chip with more than 10.3 billion transistors.

The smartphone will also support SA and NSA dual-mode 5G, a technology that increases the coverage area over NSA-only phones.

Finally, according to Chinese media, the Huawei P40 Pro is expected to launch in March of next year.

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Is this What the Huawei P40 Pro Will Look Like? - Gizchina.com

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Former NSA Director Cooperating With Probe of Trump-Russia Investigation – The Intercept

Retired Adm. Michael Rogers,former director of the National Security Agency, has been cooperating with the Justice Departments probe into the origins of the counterintelligence investigation of the Trump presidential campaigns alleged ties to Russia, according to four people familiar with Rogerss participation.

Rogers has met the prosecutor leading the probe, Connecticut U.S. Attorney John Durham, on multiple occasions, according to two people familiar with Rogerss cooperation. While the substance of those meetings is not clear, Rogers has cooperated voluntarily, several people with knowledge of the matter said.

Rogers, who retired in May 2018, did not respond to requests for comment.

The inquiry has been a pillar of Attorney General William Barrs tenure. He appointed Durham to lead the inquiry last spring, directing him to determine whether the FBI was justified in opening a counterintelligence investigation into Russian meddling in the 2016 presidential election and alleged links between Russia and the Trump campaign, among other matters. What began as a broad review has turned into a criminal investigation, according to the New York Times. Barr has described the use of undercover FBI agents to investigate members of the campaign as spying.

Last week, a separate, nonpartisan review of the investigation by the Justice Department inspector general concluded that while the FBI and Justice Department committed serious errors in their applications to surveil former Trump campaign adviser Carter Page, the investigation was opened properly and without political bias. Barr and Durham took the unusual step of publicly disagreeing with some of the inspector generals conclusions, with Barr describing the FBIs justification for the inquiry as very flimsy.

Rogerss voluntary participation, which has not been previously reported, makes him the first former intelligence director known to have been interviewed for the probe.

Hes been very cooperative, one former intelligence officer who has knowledge of Rogerss meetings with the Justice Department said.

Politico and NBC News have previously reported that Durham intends to interview both former CIA Director John Brennan and former Director of National Intelligence James Clapper. It is unclear if that has happened. Brennan and the Justice Department declined to comment. Clapper could not be reached for comment.

The Times reported on Thursday that Durham is examining Brennans congressional testimony and communications with a focus on whatthe former CIA directormay have told other officials about his views on the so-called Steele dossier, a set of unverified allegations about links between Russia, Trump, and his campaign compiled by former British intelligence officer Christopher Steele.

Rogers is no stranger to the controversy surrounding the 2016 election. Shortly after Trump won the presidency, Rogers traveled to Trump Tower in New York, where he provided an unsolicited briefing to the then president-elect. Rogers informed Trump that the NSA knew that the Russians interfered in the election, according to three people familiar with the briefing. Despite delivering what Rogers told a confidant was bad news, Trump would keep Rogers on as NSA director while dismissing Brennan and Clapper.

In January 2017 just before Trump took office, the intelligence community released an unclassified assessment concluding that Russia interfered in the election. The assessment was based on a combination of intelligence collected and reviewed by the NSA, CIA, and FBI.

Russias initial purpose, the assessment found, was to undermine confidence in American democracy, but the effort ultimately focused on damaging Hillary Clintons campaign in an effort to help elect Trump. While all three intelligence agencies agreed on that aspect of the assessment, the CIA and FBI expressedhigh confidence that the Russian government sought to help Trump win by discrediting Secretary Clinton and publicly contrasting her unfavorably to him, while Rogerss NSA had only moderate confidence in that finding.

Trump entered his presidency deeply suspicious of the U.S. intelligence community and skeptical of the assessment. He has spent much of his administration claiming that he is the victim of a deep-state coup, beginning with the counterintelligence investigation into his presidential campaign. He has downplayed the intelligence communitys conclusions about Russias responsibility for hacking the Democratic National Committee computer system and providing internal emails to WikiLeaks, which published them beginning in July 2016, instead affirming conspiracy theories that blame Ukraine for stealing the emails.

A year into the Trump administration, in February 2018, Rogers testified at a Senate hearing that the White House had given the NSA no orders or instructions for countering further Russian election meddling.

President Putin has clearly come to the conclusion that theres little price to pay and that therefore I can continue this activity, Rogers said. Clearly, what we have done is not enough.

Four months later in Helsinki, Trump said that he confronted the Russian president about meddling in the election. But Vladimir Putin denied that his government was involved, and Trump said he believed him, directly contradicting Rogers and the other U.S. intelligence directors.

Rogers was concerned that his testimony before Congress drew the presidents ire, according to a former Trump White House official who spoke with Rogers earlier this year.

He asked if the president was mad at him, the former official said. I told him, No way, the president has always liked you.

The White House declined to comment.

Durhams inquiry into the origins of the Russia probe has perpetuated the bitter partisan conflict fueled earlier by special counsel Robert Muellers investigation. Among Muellers key findings was that Russias military intelligence unit, the GRU, stole Clinton campaign manager John Podestas emails, along with emails from the DNC, and delivered them to WikiLeaks. The Mueller investigation led to federal indictments or guilty pleas from 34 people and three companies, but concluded that there was insufficient evidence to charge anyone in the Trump campaign with coordinating with the Russian government.

Yet the Mueller probe, the recent inspector generals report, and now the Durham investigation have done little to bridge the yawning political divide between Trump and his supporters, who continue to see him as the victim of a politically motivated witch hunt, and career intelligence and national security officials, who view the Durham investigation as an effort to punish those who led U.S. efforts to investigate Russias election meddling. In May, Trump gave Barr the unprecedented authority to review and declassify intelligence related to the Russia investigation, further inflaming national security veterans.

Durhams investigation has also sought information from foreign governments. This summer, Barr and Durham traveled to Italy to request information from Italian intelligence officials about Joseph Mifsud, a Maltese professor who first told a Trump campaign adviser that the Russians had dirt on Clinton in the form of stolen emails. That claim played a central role in the FBIs decision to open an investigation into the Trump campaign. But in the conservative press and the right-wing social media ecosystem, Mifsud was portrayed as part of an Obama administration plot to entrap and frame Trump. The inspector generals report concluded that there is no evidence that Mifsud had any affiliation with the FBI.

Barrs visit to Italy coincided with Trumps offer to trade congressionally approved military aid to Ukraine for that countrys help in pursuing the unsupported allegations that Ukraine hacked the DNC and framed Russia. Trumps efforts to solicit a favor from Ukrainian President Volodymyr Zelensky that Zelensky publicly announce an investigation into purported Ukrainian-backed hacking and look into alleged corruption by Democratic presidential candidate and former Vice President Joseph Biden on behalf of Bidens son Hunter led to Trumps impeachment in the House of Representatives this week.

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Former NSA Director Cooperating With Probe of Trump-Russia Investigation - The Intercept

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NSA has been lying to the courts all along, says whistleblower, as judges give warrantless surveillance the thumbs-up – RT

The National Security Agency can gather the data of US citizens without a warrant - as long as it gathers this data by mistake, a court has ruled. However, this suits the agency just fine, whistleblower William Binney told RT.

The NSA is permitted to gather data on US citizens abroad, or foreign connected Americans at home. The dragnet surveillance operation necessary to gather this information also sucks up data on millions of Americans with no foreign contacts, a process critics say is unconstitutional.

On Wednesday, the 2nd Court of Appeals in New York declared this incidental collection of information permissible. The NSA has maintained that it is incapable of separating properly and improperly gathered data, but former NSA Technical Director William Binney told RT that this is simply untrue.

Theyve been lying to the courts all along, Binney said. Theyve had the capability to sort that stuff out. Its just that they dont want to.

This gives them power over everyone, the ability to look into political opponents like they did with President Trump, he continued.

While the court ruling gives the NSA free rein to suck up data on Americans phone and internet communications, it did not authorize the US other intelligence and law enforcement agencies to dig through this data. However, according to a Foreign Intelligence Surveillance Act (FISA) court ruling issued last year, the FBI accessed this data trove some 3.1 million times in 2017.

Its agents did so without proper warrants, and on persons unrelated to ongoing criminal cases, as explicitly forbidden by the Foreign Intelligence Surveillance Act. In at least one case, the FBI illegally accessed the data of a suspect before seeking a warrant to spy on them legally.

Wednesdays court ruling concerned Agron Hasbajrami, a US permanent resident who was arrested en route to Turkey in 2011. The government claimed that Hasbajrami was travelling to Pakistan to join a terrorist organization. Hasbajrami claims that the government illegally accessed NSA data to build its case against him.

The court did not issue a ruling on this data access, instead punting the decision back down to a lower court to examine the Fourth Amendment implications.

Hasbajramis case is rare, in that he was informed that the evidence against him was collected by the NSA. Defendants are usually kept in the dark when clandestine agencies do the investigating.

The CIA, the FBI, the DEA and other law enforcement people have access to that data to search for common crime within the United States, Binney said. And they use it against US citizens in criminal courts without telling anyone in the court, or anyone else in the court, lawyers included.

So theyre fundamentally violating the rights of thousands of US citizens every year...without any oversight whatsoever.

The existence of the NSAs mass surveillance program was revealed in 2013 by former agency contractor Edward Snowden. Though the agency has reportedly ended its phone spying program, the espionage charges against Snowden remain in place, and Snowden himself remains in Moscow, where he has been granted asylum.

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NSA has been lying to the courts all along, says whistleblower, as judges give warrantless surveillance the thumbs-up - RT

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Government can seize all profits from Edward Snowden’s book – We Are The Mighty

Edward Snowden won't see any of the proceeds from his new memoir instead, the US government is entitled to seize the profits, a federal judge ruled Dec. 17, 2019.

Snowden's memoir, "Permanent Record," describes his work as a contractor for the National Security Administration and his 2013 decision to leak government secrets, including the fact that the NSA was secretly collecting citizens' phone records. Snowden has lived in Moscow since 2013, where he has been granted asylum.

The US sued Snowden on the day his memoir was published in September, alleging that he violated contracts with the NSA by writing about his work there without pre-clearance.

Judge Liam O'Grady made a summary judgement in favor of the US government on Dec. 17, 2019, rejecting requests from Snowden's lawyers to move the case forward into the discovery stage. O'Grady ruled that Snowden violated his contracts, both with the publication of the memoir and through other public speaking engagements in which he discussed his work for the NSA.

"Snowden admits that the speeches themselves purport to discuss intelligence-related activities," O'Grady wrote in his decision, adding that Snowden "breached the CIA and NSA Secrecy agreements."

In recent years, Snowden has maintained his criticisms of US surveillance while also turning his attention to big tech companies. In November, he decried the practice of aggregating personal data, arguing that Facebook, Google, and Amazon "are engaged in abuse."

This article originally appeared on Business Insider. Follow @BusinessInsider on Twitter.

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$0.39 EPS Expected for National Storage Affiliates Trust (NYSE:NSA) This Quarter – Riverton Roll

Analysts forecast that National Storage Affiliates Trust (NYSE:NSA) will post earnings of $0.39 per share for the current quarter, according to Zacks. Three analysts have made estimates for National Storage Affiliates Trusts earnings, with estimates ranging from $0.38 to $0.40. National Storage Affiliates Trust posted earnings per share of $0.37 during the same quarter last year, which would indicate a positive year over year growth rate of 5.4%. The company is expected to report its next quarterly earnings results on Monday, February 24th.

According to Zacks, analysts expect that National Storage Affiliates Trust will report full year earnings of $1.53 per share for the current fiscal year, with EPS estimates ranging from $1.52 to $1.54. For the next fiscal year, analysts expect that the firm will post earnings of $1.62 per share, with EPS estimates ranging from $1.61 to $1.64. Zacks earnings per share averages are an average based on a survey of sell-side research analysts that cover National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Thursday, October 31st. The real estate investment trust reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.59). National Storage Affiliates Trust had a negative return on equity of 1.45% and a negative net margin of 4.87%. The firm had revenue of $101.34 million during the quarter, compared to the consensus estimate of $100.49 million. During the same period last year, the business earned $0.36 earnings per share. The firms revenue for the quarter was up 18.7% compared to the same quarter last year.

A number of research firms have recently issued reports on NSA. Morgan Stanley lifted their price target on National Storage Affiliates Trust from $27.00 to $32.00 and gave the company an equal weight rating in a report on Monday, September 16th. Zacks Investment Research lowered shares of National Storage Affiliates Trust from a buy rating to a hold rating in a report on Tuesday, December 3rd. BMO Capital Markets restated a hold rating and issued a $26.00 price objective on shares of National Storage Affiliates Trust in a research report on Thursday, October 31st. ValuEngine downgraded shares of National Storage Affiliates Trust from a buy rating to a hold rating in a research note on Wednesday, September 4th. Finally, Wells Fargo & Co reiterated a buy rating on shares of National Storage Affiliates Trust in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the companys stock. The stock currently has a consensus rating of Hold and a consensus price target of $33.83.

Shares of NYSE NSA traded up $0.02 during midday trading on Thursday, reaching $32.76. 4,971 shares of the company traded hands, compared to its average volume of 534,123. National Storage Affiliates Trust has a 12 month low of $25.11 and a 12 month high of $35.76. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.64 and a current ratio of 0.64. The stocks 50-day simple moving average is $32.98 and its 200-day simple moving average is $32.19. The firm has a market cap of $1.93 billion, a PE ratio of 23.71, a PEG ratio of 4.17 and a beta of 0.29.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from National Storage Affiliates Trusts previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a yield of 4.03%. National Storage Affiliates Trusts dividend payout ratio (DPR) is presently 95.65%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of National Storage Affiliates Trust by 3.3% during the second quarter. Vanguard Group Inc. now owns 6,624,526 shares of the real estate investment trusts stock worth $191,714,000 after purchasing an additional 213,375 shares during the period. State Street Corp raised its stake in shares of National Storage Affiliates Trust by 3.1% in the 3rd quarter. State Street Corp now owns 3,143,735 shares of the real estate investment trusts stock valued at $104,906,000 after purchasing an additional 93,419 shares during the period. Invesco Ltd. lifted its holdings in shares of National Storage Affiliates Trust by 228.9% in the second quarter. Invesco Ltd. now owns 2,041,493 shares of the real estate investment trusts stock valued at $59,081,000 after purchasing an additional 1,420,851 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of National Storage Affiliates Trust in the second quarter valued at about $45,783,000. Finally, Renaissance Technologies LLC boosted its position in shares of National Storage Affiliates Trust by 5.4% during the second quarter. Renaissance Technologies LLC now owns 1,527,814 shares of the real estate investment trusts stock worth $44,215,000 after buying an additional 78,100 shares during the period. 92.95% of the stock is currently owned by institutional investors and hedge funds.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. The Company currently holds ownership interests in and operates 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.

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$0.39 EPS Expected for National Storage Affiliates Trust (NYSE:NSA) This Quarter - Riverton Roll

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Is Admiral Mike Rogers the Hero of this Story? – Ricochet.com

There is an official Department of Justice criminal investigation underway being conducted by US Attorney John Durham. Durham is looking into a number of events leading up to the Mueller Special Counsel Investigation that impaired the ability of the Trump Administration to function at an expected level for much of its first three years. A major function touching on all pieces of the controversial topic of Russian interference in Americas 2016 election is intelligence work and its products.

All manner of government organizations are involved in or affected directly by intelligence activities. The NSA, CIA, and FBI are major producers and custodians of intelligence information and related analyses. The POTUS receives daily briefings of what is called intelligence assessments as a result of this intelligence work. The Senate and the House have standing committees that get quarterly briefings of sensitive intelligence developments and those committees initiate legislation that governs how this work is done.

Devin Nunes, when he chaired the House Intelligence Committee, investigated and surfaced a number of actions undertaken by the Obama Administration that were revealed as possible misuse of intelligence functions and information. Nunes was hampered in his investigation by lack of cooperation from the executive agencies. A senior staff official of the Senate Select Intelligence Committee, chaired by Richard Burr, was charged with leaking classified intelligence to a newspaper reporter, but got a plea deal that avoided any public disclosure of case facts. There are several other questions related to actions of members and staff of this committee.

In the fall of 2016 just prior to the election, NSA Director Admiral Mike Rogers became aware of suspicious NSA database inquiries that he judged to be out of order and demanded they be stopped. Rogers also visited President-Elect Trump after the election. Here is an excerpt from a New York Times article published in the Fall of 2016:

Administration officials had planned to relieve Admiral Rogers of his duties after the election and announce a plan to create separate chains of command for the N.S.A. and Cyber Command. But the plan, supported by Mr. Carter and Mr. Clapper, stalled in part because of opposition from Senator John McCain, Republican of Arizona, who heads the Armed Services Committee.

Under the plan, Cyber Command would remain under the Armed Services Committees jurisdiction, but oversight of the N.S.A. would shift to the Senate Intelligence Committee. Mr. Trumps victory complicated the planning.

I guess the fact that Clinton was not elected was what really complicated the planning.

I wonder where we would be now in terms of the intelligence function if Trump was not President and the Senate Select Committee on Intelligence was the oversight body for the National Security Agency.

It is being reported now that retired Admiral Mike Rogers has met several times with Durham Investigation officials.

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Is Admiral Mike Rogers the Hero of this Story? - Ricochet.com

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Second Circuit Says Warrantless Backdoor Searches Of NSA Collections Might Violate The Fourth Amendment – Techdirt

from the stay-in-your-own-lane,-g-men dept

The Second Circuit Court of Appeals has suggested -- not exactly ruled -- that backdoor searches of Section 702 collections targeting Americans (citizens and permanent residents) is a violation of the Fourth Amendment.

The case involves Agron Hasbajrami, a lawful permanent resident who was arrested in 2011 as he attempted to board a flight to Turkey. The government claimed Agron -- an Albanian immigrant -- was ultimately headed to Pakistan to join a terrorist organization.

Agron is somewhat of a unicorn. He's one of the few defendants that's actually been informed the evidence used against him was derived from NSA collections under Section 702. The DOJ is supposed to be proactive about this, but instead has chosen to emphasize parallel construction over transparency.

The evidence appears to have come from a backdoor search by the FBI. The FBI is allowed to access Section 702 collections, but domestic data and communications are supposed to be "minimized" to protect US persons swept up by the NSA. If the FBI performs backdoor searches to access Americans' communications that have been incidentally collected by the NSA foreign-facing surveillance programs, it should have to obtain a warrant. But that's not actually the case for a couple of reasons. First, very few defendants are ever informed of the true source of the evidence against them. Second, the secrecy shrouding the NSA's collections and the Intelligence Community's access prevents a lot of judicial examination in the few cases where evidence can actually be challenged.

The Second Circuit's ruling [PDF] kicks Hasbajrami's case back down to the lower court so it can reexamine the Fourth Amendment implications of warrantless backdoor searches. The Appeals Court has no problem with the NSA's collections, which putatively target foreigners. The court says these are lawful. Accessing collected communications from Americans via the NSA's collections, not so much.

The issue here isn't the collection itself or any inadvertent collection of US persons' communications. The problem is the querying of stored communications without a warrant when the target of the queries is a US person. The court doesn't say the FBI can't look at its own stored collections without a warrant to locate intelligence or evidence. Stuff it has already acquired is fair game, more or less. The court makes a physical analogy:

It is true the FBI does not need an additional warrant to go down to its evidence locker and look through a box of evidence it collected from a crime scene.

But that's where the analogy ends.

But lawful collection alone is not always enough to justify a future search.

Pointing to the Riley decision, the court notes that the lawful seizure of an arrestee's phone does not give law enforcement the right to perform a warrantless search of its contents.

Searching the FBI's own data stores tipped to it by the NSA isn't nearly as problematic as what the FBI appears to have done here: browsing the NSA's much larger collection without a warrant to find more communications originating from a US person. Say goodbye to any flattering "evidence locker" analogies.

If such a vast body of information [250 million emails as of 2011] is simply stored in a database, available for review by request from domestic law enforcement agencies solely on the speculative possibility that evidence of interest to agents investigating a particular individual might be found there, the program begins to look more like a dragnet, and less like an individual officer going to the evidence locker to check out a previously-acquired piece of evidence against some newfound insight.

And there's where the Fourth Amendment fits in:

To permit that information to be accessed indiscriminately, for domestic law enforcement purposes, without any reason to believe that the individual is involved in any criminal activity and or even that any information about that person is likely to be in the database, just to see if there is anything incriminating in any conversations that might happen to be there, would be at odds with the bedrock Fourth Amendment concept that law enforcement agents may not invade the privacy of individuals without some objective reason to believe that evidence of a crime will be found by a search.

The case returns to the lower court so it can consider the Fourth Amendment implications it chose to ignore when considering the defendant's motion to suppress evidence that is starting to look like it was acquired unconstitutionally.

If this results in suppression, this case is going to travel right back up the judicial ladder. There's no way the government is going to let its backdoor searches be subject to a warrant requirement. Warrants create paper trails, and the last thing the IC wants is more paperwork linking domestic surveillance to foreign-facing NSA collections. This isn't a win yet, but if the district court aligns itself with the Appeals Court's suggestions, it could be a game changer.

Filed Under: 2nd circuit, 4th amendment, agron hasbajrami, backdoor searches, evidence, fbi, nsa, parallel construction, section 702

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Second Circuit Says Warrantless Backdoor Searches Of NSA Collections Might Violate The Fourth Amendment - Techdirt

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Delhi CAA protests: How late-night meeting with NSA and top cops set the strategy for Thursday – Yahoo India News

NSA Ajit Doval

Roughly twelve hours before people started gathering outside Red Fort, the capitals North Block witnessed a meeting called by National Security Advisor Ajit Doval, with Delhi Police Commissioner Amulya Patnaik, Special CPs (law and order), JCPs of two ranges and DCPs of six districts in attendance, it is learnt.

On the agenda was a strategy to maintain law and order the following day. Intelligence agencies had received inputs that some people from Haryanas Mewat would be coming to Delhi in large numbers and could create trouble on the law and order front, a senior officer from Delhi Polices intelligence wing told The Indian Express. And so, barricades were put up on Gurgaon-Delhi border, and cars started being checked.

Speaking about last nights meeting, a police source said: He (Doval) discussed the situation with senior officers and asked for their viewpoints. The police chief suggested that a protest march could be allowed, but the NSA referred to a tweet by one of the DCPs which had earlier mentioned that no permission had been granted for the march. So it was decided that only a designated place like Jantar Mantar can be chosen for the protest.

He is also learnt to have taken a stern view of the failure of local intelligence during the first three days of the protest at Jamia, and for allowing local politicians and anti-social elements to hijack the students protest.

An officer who attended the meeting, which lasted 90 minutes, said it was decided to call all personnel from specialised units, Crime Branch and EOW, and deploy them at sensitive spots with anti-riot gear. Paramilitary force personnel were also called in with advanced gear. It was also decided to coordinate with police counterparts in neighbouring states, following which border with Haryana was sealed, the officer said. Following the meeting, DCP (Special Cell) Pramod Singh Kushwah wrote a letter dated December 18 to nodal officers of four telecom service providers, asking them to stop mobile internet, voice and SMS services in certain areas.

Sources said after the meeting with the NSA, senior officers held a meeting among themselves at the New Delhi DCPs office at Parliament Street. This meeting, addressed by Patnaik, ended around 1.15 am. It was decided that they will allow protesters to gather at Jantar Mantar, but those assembling elsewhere will be detained under CrPC Section 144. It was also decided to approach DMRC to shut some Metro stations, an officer said.

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Judge dismisses Wikimedia case against the NSA – Reclaim The Net

The NSA's Upstream surveillance program was exposed by Edward Snowden back in 2013. In 2015, Wikimedia, the parent company of Wikipedia and other non-profit knowledge projects, challenged this program in a lawsuit against the NSA, the DoJ, the ODNI and the heads of those agencies.

While the Upstream surveillance program is similar to PRISM in that it allows the NSA to monitor and collect emails, search terms and other online activity of Americans, it is different in that, instead of relying on the cooperation of ISPs, Upstream bypasses them and instead relies on the cooperation of telecommunications infrastructure. Wikimedia argued that this program violates the first and fourth amendment rights of American citizens, and far exceeds the scope intended by Congress.

According to Data Center Dynamics, the case was dismissed later that year for a lack of evidence supporting the claim that the NSA was using it for bulk collection, rather than the targeted collection of a specific individual's data which meant that the NSA was acting legally.

In 2017, the case was appealed and the decision reversed, based on the understanding that Wikimedia generates so much traffic that it's impossible to be used for monitoring a specific individual meaning that the collection is indeed done in bulk, which is indeed in violation of the first and fourth amendment rights of American citizens.

Two days ago, the case was dismissed again after reaching the conclusion that without specific understanding of the upstream program, Wikimedias case has no leg to stand on. Of course, this is impossible due to the classified nature of the program.

Judge Ellis said:

For Wikimedia to litigate the standing issue further, and for defendants to defend adequately in any further litigation, would require the disclosure of protected state secrets, namely details about the Upstream surveillance program's operations.

For the reasons that follow, therefore, the standing issue cannot be tried, or otherwise further litigated, without risking or requiring harmful disclosures of privileged state secrets, an outcome prohibited under binding Supreme Court and Fourth Circuit precedent. Thus, the case must be dismissed, and judgment must be entered in favor of defendants.

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How a Government Censored an NSA Whistleblower – Common Dreams

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Our journalists work hard to inform by bringing you the news that matters - which is often about how the world is. But we think the most important part of our mission is to inspireand so we work hard to bring you the voices of visionaries who dream about how the world should be. Independent journalism and democracy itself have never been more needed yet more fragile and at risk than now. Pleaseno amount is too large or too smallpitch in to support our people-powered model and help Common Dreams start 2020 at full strength. Thank you. -- Craig Brown, Co-founder

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Federal judge rules US government is entitled to seize proceeds from Edward Snowden’s book sales and speaking fees – World Socialist Web Site

Federal judge rules US government is entitled to seize proceeds from Edward Snowdens book sales and speaking fees By Kevin Reed 20 December 2019

A federal judge ruled on Tuesday that the US government can legally seize proceeds from whistleblower Edward Snowdens memoir Permanent Record and his paid public speeches because he is in breach of his obligations for not submitting these materials to the CIA and NSA for prepublication review.

In a 14-page decision, Judge Liam OGrady of the US Eastern District of Virginia ruled against the defendants Edward Snowden and Macmillan Publishing Group, LLC and granted the US governments motion for summary judgement. The ruling stems from a lawsuit filed by the US Justice Department against Snowden and his publisher on the same day that the former NSA contractors book was released last September.

In Permanent Record, Snowden tells the story of his life, how he became an intelligence officer and contractor and how it is that he came to realize that the CIA and NSA were engaged in a global electronic surveillance operation that was in violation of the constitutionally protected democratic rights of the public.

Snowden also explains in his book how he smuggled a massive trove of top-secret intelligence documents out of a secure facility in Hawaii and then handed them over to journalists from theGuardian in Hong Kong in May 2013. The whistleblower also recounts how he ended up gaining asylum in Moscowwhere he remains to this dayafter he was charged with violation of the Espionage Act and his passport was terminated by the US government.

The DOJ lawsuit and court ruling are predicated upon a series of six Secrecy Agreements that Edward Snowden signed between November 2005 and March 2013 while he was an employee or contractor with the CIA and NSA. According the to the ruling, these documents required Snowden to obtain prepublication review of any preparation, in any form, containing any mention of intelligence data or activities, or any other information or material which is or might be based on information that is marked classified, known to be classified, or known to be in a classification determination process.

The court ruling states, The terms of the CIA Secrecy Agreements further provide that Snowden forfeits any proceeds from disclosures that breach the Agreements. These terms continue to apply to Snowden. Although the ruling grants the government claim to Snowdens publishing earnings and speaking fees, it does not specify how or when the collection will be carried out.

As Snowden explained very clearly in Permanent Record, he acknowledges having signed the intelligence Secrecy Agreements. However, he also notes that he signed another agreement called an appointment affidavitsimilar to the Oath of Office for public officialsin which he swore to defend the Constitution of the United States against all enemies, foreign and domestic, and this oath supersedes any obligations contained in the intelligence agreements.

Along with the publication of his book, the ruling makes specific reference to several public speeches Snowden madeincluding at a Technology, Entertainment, Design (TED) conference and an Internet security trade fairwhere he displayed and discussed, among other things, at least one slide which was marked classified at the Top Secret level, and other intelligence-related activities of the CIA and NSA.

Judge OGradys decision in favor of the governments lawsuit rejected all three arguments put forward by Snowdens lawyers: (1) that the government had itself breached its own agreement by stating ahead of time that it would refuse to review the book or speeches in good faith or within a reasonable time; (2) that the DOJ lawsuit was based on animus toward Snowden and his views and that the government selectively enforced its Secrecy Agreements; and (3) there is no basis within the Secrecy Agreements for the governments claim to seize proceeds from his book and speeches.

Brett Max Kaufman, an attorney for Snowden from the ACLUs Center for Democracy, said that the legal team disagrees with the courts decision and will review our options. Kaufman also said, Its farfetched to believe that the government would have reviewed Mr. Snowdens book or anything else he submitted in good faith. For that reason, Mr. Snowden preferred to risk his future royalties than to subject his experiences to improper government censorship.

Snowdens revelations in 2013 contributed enormously to the awareness of the public both within the US and internationally that the surveillance operations of the CIA and NSAwith the cooperation of the telecommunications corporationsare collecting data on every phone call, e-mail and text message of everyone in the world. Sparking the so-called Snowden Effect, the revelations have encouraged the widespread use of end-to-end encryption that hampers or prevents government surveillance of electronic communications.

Although the US government claims to have officially ended its secret surveillance programs with the passage of the USA Freedom Act of 2015 under the Obama administration, numerous media reports, leaks and data beaches have since have revealed that similar if not the exact same programs are ongoing.

The vendetta against Snowden by the US government and its military-intelligence establishment for revealing these truths to the public will never be forgotten or forgiven. Although the state has been unableup to this pointto rendition Snowden back to the US, the recent lawsuit and federal court ruling show that every effort is being made to silence and intimidate him and set an example for anyone else who might be thinking about exposing the criminal activities of the government.

2019 has been a year of mass social upheaval. We need you to help the WSWS and ICFI make 2020 the year of international socialist revival. We must expand our work and our influence in the international working class. If you agree, donate today. Thank you.

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Michael Hayden Ran The NSA And CIA: Now Warns That Encryption Backdoors Will Harm American Security & Tech Leadership – Techdirt

from the good-for-him dept

There are very few things in life that former NSA and CIA director Michael Hayden and I agree on. For years, he was a leading government champion for trashing the 4th Amendment and conducting widespread surveillance on Americans. He supported the CIA's torture program and (ridiculously) complained that having the US government publicly reckon with that torture program would help terrorists.

But, there is one thing that he and I agree on: putting backdoors into encryption is a horrible, dreadful, terrible idea. He surprised many people by first saying this five years ago, and he's repeated it a bunch since then -- including in a recent Bloomberg piece, entitled: Encryption Backdoors Won't Stop Crime But Will Hurt U.S. Tech. In it, he makes two great points. First, backdooring encryption will make Americans much less safe:

We must also consider how foreign governments could master and exploit built-in encryption vulnerabilities. What would Chinese, Russian and Saudi authorities do with the encrypted-data access that U.S. authorities would compel technology companies to create? How might this affect activists and journalists in those countries? Would U.S. technology companies suffer the fate of some of their Australian counterparts, which saw foreign customers abandon them after Australia passed its own encryption-busting law?

Separately, he points out that backdooring encryption won't even help law enforcement do what it thinks it wants to do with backdoors:

Proposals that law-enforcement agencies be given backdoor access to encrypted data are unlikely to achieve their goals, because even if Congress compels tech firms to comply, it will have no impact on encryption technologies offered by foreign companies or the open-source community. Users will simply migrate to privacy offerings from providers who are not following U.S. mandates.

Indeed, this is the pattern we have seen in Hong Kong over the last six months, where pro-democracy protesters have moved from domestic services to encrypted messaging platforms such as Telegram and Bridgefy, beyond the reach of Chinese authorities. Unless Washington is willing to embrace authoritarian tactics, it is difficult to see how extraordinary-access policies will prevent motivated criminals (and security-minded citizens) from simply adopting uncompromised services from abroad.

None of this is new, but it's at least good to see the former head of various intelligence agencies highlighting these points. At this point, we've seen intelligence agencies highlight the value of encryption, Homeland Security highlight the importance of encryption, the Defense Department highlight the importance of encryption. The only ones still pushing for breaking encryption are a few law enforcement groups and their fans in Congress.

Filed Under: backdoors, encryption, michael hayden

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Michael Hayden Ran The NSA And CIA: Now Warns That Encryption Backdoors Will Harm American Security & Tech Leadership - Techdirt

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Here is What Hedge Funds Think About National Storage Affiliates Trust (NSA) – Yahoo Finance

Out of thousands of stocks that are currently traded on the market, itisdifficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs,who areindustry experts and well connected to other industry and mediainsiders on top of that. Individual investors can piggyback the hedge funds employing these talents andcanbenefit from their vast resources and knowledge in that way. We analyze quarterly 13F filings of nearly 750 hedge funds and, by looking at the smart money sentiment that surrounds a stock, we can determine whether it has the potential to beat the market over the long-term. Therefore, lets take a closer look at what smart money thinks aboutNational Storage Affiliates Trust (NYSE:NSA).

National Storage Affiliates Trust (NYSE:NSA) investors should pay attention to a decrease in hedge fund interest recently. NSA was in 15 hedge funds' portfolios at the end of September. There were 18 hedge funds in our database with NSA holdings at the end of the previous quarter. Our calculations also showed that NSA isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video below for Q2 rankings). Video: Click the image to watch our video about the top 5 most popular hedge fund stocks.

Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Our research has shown that hedge funds' large-cap stock picks indeed failed to beat the market between 1999 and 2016. However, we were able to identify in advance a select group of hedge fund holdings that outperformed the Russell 2000 ETFs by 40 percentage points since May 2014 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that'll significantly underperform the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 27.8% through November 21, 2019. That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.

Jim Simons of Renaissance Technologies

Story continues

We leave no stone unturned when looking for the next great investment idea. For example Europe is set to become the world's largest cannabis market, so we check out this European marijuana stock pitch. One of the most bullish analysts in America just put his money where his mouth is. He says, "I'm investing more today than I did back in early 2009." So we check out his pitch. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. We also rely on the best performing hedge funds' buy/sell signals. Let's analyze the key hedge fund action surrounding National Storage Affiliates Trust (NYSE:NSA).

At Q3's end, a total of 15 of the hedge funds tracked by Insider Monkey were long this stock, a change of -17% from the second quarter of 2019. The graph below displays the number of hedge funds with bullish position in NSA over the last 17 quarters. With hedgies' sentiment swirling, there exists an "upper tier" of key hedge fund managers who were adding to their holdings considerably (or already accumulated large positions).

The largest stake in National Storage Affiliates Trust (NYSE:NSA) was held by Renaissance Technologies, which reported holding $62 million worth of stock at the end of September. It was followed by Millennium Management with a $31.9 million position. Other investors bullish on the company included Winton Capital Management, Citadel Investment Group, and D E Shaw. In terms of the portfolio weights assigned to each position Navellier & Associates allocated the biggest weight to National Storage Affiliates Trust (NYSE:NSA), around 0.2% of its 13F portfolio. Winton Capital Management is also relatively very bullish on the stock, dishing out 0.19 percent of its 13F equity portfolio to NSA.

Due to the fact that National Storage Affiliates Trust (NYSE:NSA) has faced a decline in interest from the entirety of the hedge funds we track, we can see that there is a sect of fund managers who sold off their positions entirely last quarter. At the top of the heap, Jonathan Barrett and Paul Segal's Luminus Management cut the biggest position of the 750 funds monitored by Insider Monkey, valued at close to $9.7 million in stock. Dmitry Balyasny's fund, Balyasny Asset Management, also dumped its stock, about $4.8 million worth. These moves are important to note, as total hedge fund interest fell by 3 funds last quarter.

Let's also examine hedge fund activity in other stocks - not necessarily in the same industry as National Storage Affiliates Trust (NYSE:NSA) but similarly valued. We will take a look at NovaGold Resources Inc. (NYSEAMEX:NG), Euronav NV (NYSE:EURN), Cannae Holdings, Inc. (NYSE:CNNE), and Federal Signal Corporation (NYSE:FSS). This group of stocks' market values resemble NSA's market value.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position NG,16,211750,6 EURN,18,138289,2 CNNE,19,241748,0 FSS,19,77508,-1 Average,18,167324,1.75 [/table]

View table hereif you experience formatting issues.

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $167 million. That figure was $138 million in NSA's case. Cannae Holdings, Inc. (NYSE:CNNE) is the most popular stock in this table. On the other hand NovaGold Resources Inc. (NYSEAMEX:NG) is the least popular one with only 16 bullish hedge fund positions. Compared to these stocks National Storage Affiliates Trust (NYSE:NSA) is even less popular than NG. Hedge funds dodged a bullet by taking a bearish stance towards NSA. Our calculations showed that the top 20 most popular hedge fund stocks returned 37.4% in 2019 through the end of November and outperformed the S&P 500 ETF (SPY) by 9.9 percentage points. Unfortunately NSA wasn't nearly as popular as these 20 stocks (hedge fund sentiment was very bearish); NSA investors were disappointed as the stock returned 0.4% during the fourth quarter (through the end of November) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 20 most popular stocks among hedge funds as 70 percent of these stocks already outperformed the market so far in Q4.

Disclosure: None. This article was originally published at Insider Monkey.

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Here is What Hedge Funds Think About National Storage Affiliates Trust (NSA) - Yahoo Finance

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Former NSA Lawyer on Laura Ingrahams Spying Theory: I Dont Think Ive Ever Heard a More Uninformed Conversation About Intel – Law & Crime

Fox News opinion host Laura Ingraham on Friday suggested that House Intelligence Committee Chairman Rep. Adam Schiff(D-N.Y.) abused his power by working with the National Security Agency (NSA) to obtain Rep. Devin Nuness(R-Calif.) phone records. Ingraham was immediately contradicted by a former NSA attorney who said the hosts allegations were so uninformed that it was honestly astonishing.

The Ingraham Angle segment centered on the House Intel Panels Impeachment Report, which contained phone records showing Rep. Nunes phone contacts with the Rudy Giuliani and Giulianis recently indicted business associateLev Parnas. Ingraham and her guest, Sara Carter, both claimed to have heard from a knowledgeable source that Schiff obtained Nuness records with the help of the NSA.

Carter has reportedly been barred from appearing on Fox Newss hard news shows because her reporting is not vetted, and passes none of the networks editorial guidelines.

A knowledgeable source tells the Ingraham Angle tonight that not only did Schiff get dirt from the secret subpoenas that he sent to phone companies, he also got help from the NSA. All Americans should be shocked by this and more, and demand a full and immediate investigation, Ingraham said.

Ive heard the same, Carter said, before launching into a diatribe against the Obama administration for expanding the NSAs spying program.

Former NSA attorney and current CNN legal analyst Susan Hennessey immediately responded that the entire exchange had absolutely no basis in reality.

Hi, former NSA lawyer here. This is not how it works. At all, Hennessey wrote in response to the segment. Its not how the law works. Its not how NSA works. Its not how phone records work. Thats all. Have a good evening.

But Hennessey wasnt done. She called this an unintelligence mess of people who dont understand [Executive Order] 12333, FISA, Title III, ECPA, Gates Procedures, contact chainingor honestly anything.

Hennessey concluded that Ingrahams segment was one of the most uninformed conversations she had ever heard.

Its honestly astonishing. I dont think Ive ever heard a more uninformed conversation about NSA or intelligence collection in my life. And I once had a relative corner me a wedding to say NSA was blackmailing John McCain into supporting immigration reform SO THE BAR IS REAL LOW, she wrote.

In response to questions about how the panel obtained Nuness records, Patrick Boland, the top spokesman for Democrats on the House Intelligence Committee, told The Daily Beaston Thursday that congressional investigators did not subpoena call records for any member of Congress or their staff. The report itself indicates that Nunes was picked up incidentally in the records of Giuliani and Parnas when AT&T call logs were subpoenaed.

National Security attorney Bradley Moss also weighed in on Ingraham-Carter segment, calling it delusional and pathetic.

[image via Fox News screengrab]

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Jobs with the NSA – The Lake Front

Gisselle Casarrubias

SAN ANTONIO- The Center for Career Development & Testing recently hosted an event for students interested in jobs or internships with the NSA.

Officials with the CCDT invited officials with the NSA on September16th to speak to students about the benefits of working for the government..

Ollu student Paul Smith who attended the event said,

the information sessionthey put on it was super helpful, super interesting, they took time out oftheir busy schedule to come and inform us. Theyre not even from San Antonioand they came from the NSA to show us the opportunities which there are plentyof and it was just awesome.

If you would like to attend this event, a mass e-mail will be sent out with more information about the event. For further questions contact the Center for Career Development and Testing located in Main 123.

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NSA: Unthinkable things occurred in Kogi, Bayelsa polls – New Telegraph Newspaper

admits governorship elections were disasters

The National Security Adviser (NSA), Maj-Gen. Babagana Monguno (rtd) has scored the conduct of the November 16 governorship elections in Bayelsa and Kogi states low.

Monguno said things unthinkable happened during the elections.

The NSA, who spoke yesterday at an Inter-Agencies Consultative Committee on Election Security (ICCES) meeting in Abuja, said despite the assurances of adequate security before the elections, the polls were a fiasco where the unthinkable happened.

He did not elaborate on the details of the unthinkable things that happened. But the Peoples Democratic Party (PDP) had kicked against the conduct and outcome of the elections in the two states.

The Inspector-General of Police, Mohammed Adamu, however, said the elections were peaceful despite related infractions.

He disclosed that 49 persons have been arrested on election related violence in the two states, including six persons arrested in connection with the killing of the woman leader of the Peoples Democratic Party (PDP), Mrs. Salome Abuh, in Kogi State.

Monguno, who was represented by Mr. Sanusi Galadima, recalled that prior to the two elections, the ICCES was told of the level of the preparedness and assured of adequate security.

They made promises and told the meeting of the level of their preparedness, but unfortunately, the fiasco was the answer. What happened was quite unthinkable.

Violence erupted in the two states of Bayelsa and Kogi, particularly the violence that occurred in Kogi State which aftermath of that election led to the death of a woman leader in that state, he regretted.

The NSA expressed the fear that if nothing is done to curtail such violence in future elections, voters might not come out to vote.

He advised that in the future elections, particularly the by-elections that would come up in January 2020, the various security agencies and political parties should meet to ensure that those elections were free of violence.

Monguno further advised party thugs to have a rethink, remarking that at a book launch in Abuja two days ago, all the creme de la crme of various political parties, the national chairmen of the strongest political parties the All Progressives Congress (APC) and Peoples Democratic Party (PDP) were there.

I saw how they were embracing each other, laughing, which to my mind, that laughter means a lot: look at the useless people killing themselves because of politics!

So, it is our hope and prayer that if all the stakeholders pertaining to any election that would come up in future would come together the issue of violence would be addressed adequately.

The IGP, who was also represented by Assistant Inspector General (AIG), Bashir Makama, said 35 persons were arrested in Bayelsa while 14 were arrested in Kogi, for allegedly disrupting the elections.

The breakdown of the arrest in Kogi, Adamu said, include six for the death of PDP woman leader and eight for electoral violence.

The IGP, however, described the conduct of the polls as relatively peaceful, adding, despite the related infractions or some sort of thuggery that was observed and other challenges faced, the elections could be said to be relatively peaceful.

He said those arrested in connection with the Bayelsa governorship were being interrogated by the zonal police headquarters in Benin City.

They would be charged to court as soon as investigations are concluded, he assured

INEC Chairman, Prof. Mahmood Yakubu, requested that security personnel on election duty should be identified by their names.

This, he said, is to know who to be held responsible for the proper conduct of elections in those locations.

This will not only enhance transparency, but the commission and security agencies will know who to contact in specific locations during elections when the need arises, he said.

The INEC Chairman further called for deepening of the use of technology to ensure the integrity of elections.

We are excited by some of the new provisions concerning electronic transmission of results.

We are glad that the electoral legal framework is removing some of the encumbrances to the full deployment of technology for the improvement of the electoral process in Nigeria, especially result collation and management.

The commission will work with the National Assembly for the expeditious passage of the amendment to the electoral legal framework so that work can begin in earnest to make future elections in Nigeria more technology-based.

It is long overdue, it is doable, it is achievable and it is inevitable, he emphasized.

Meanwhile, INEC has tasked stakeholders on the need to ensure free and fair elections in the country.

Mr. Emeka Ononamadu, INEC Resident Electoral Commissioner (REC) in Enugu State, stressed this need in Enugu at a stakeholders forum on the new electoral bill before the National Assembly.

Ononamadu urged the stakeholders to identify challenges as well as proffer enduring solutions to electoral malpractices that had been militating against free and fair elections.

According to him, the challenges and solutions should be in line with what happened during the recent Kogi and Bayelsa governorship elections.

After the 2019 general election, there were also two major elections in Kogi and Bayelsa and I think the election must have given Nigerians insight into what direction should be taken.

Our gathering is to look at the event collectively for improvement in our electoral process.

In the last previous elections, we made sure that the elections were free and fair, he said.

Ononamadu told stakeholders that the review of the 2010 Electoral Act had become germane in view of observed lapses during the 2019 general election and the Bayelsa and Kogi states off season elections.

He absolved the commission of the allegations of being solely responsible for the electoral challenges facing the nation, saying that no organisation or individual will make elaborate arrangements and turn around to sabotage it.

The REC said INEC was taking the step of involving stakeholders to demonstrate that it meant business of realizing free, credible elections as the nation moves forward.

In her contribution, Mrs. Rita Chekwe, Head of Administration of INEC in Enugu, said that the commission was committed to delivering its mandate by conducting a credible election.

Chekwe noted that the gathering had become imperative for the stakeholders to brainstorm and make input for an effective electoral process in Nigeria without compromising their integrity.

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NSA: Unthinkable things occurred in Kogi, Bayelsa polls - New Telegraph Newspaper

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Former NSA lawyer debunks Laura Ingrahams bogus claim that Adam Schiff used the agency to obtain Devin Nunes phone records: Not how the law works -…

Throughout the Ukraine scandal and the impeachment inquiry against President Donald Trump, Fox News Laura Ingraham hasnt been shy about jumping through hoops to defend the president and she recently claimed that House Intelligence Chairman Adam Schiff, during the inquiry, abused his power by working with the National Security Agenda (NSA) to obtain Rep. Devin Nunes phone records. But according to former NSA attorney Susan Hennessey, Ingrahams comments have zero basis in reality.

Ingraham made her claims about Schiff when far-right podcast host Sara Carter was a guest on her show on December 6. Ingraham asserted, A knowledgeable source tells The Ingraham Angle tonight that not only did Schiff get dirt from the secret subpoenas that he sent to phone companies, he also got help from the NSA. All Americans should be shocked by this and more and demand a full and immediate investigation.

Hennessey, on Twitter, responded that Ingraham doesnt even understand how the NSA works. Now a legal analyst for CNN, Hennessey tweeted, Hi, former NSA lawyer here. This is not how it works. At all. Its not how the law works. Its not how NSA works. Its not how phone records work.

In a separate tweet, Hennessey posted, Its honestly astonishing. I dont think Ive ever heard a more uninformed conversation about NSA or intelligence collection in my life. And I once had a relative corner me (at) a wedding to say NSA was blackmailingJohn McCaininto supporting immigration reform. SO THE BAR IS REAL LOW.

Hi, former NSA lawyer here. This is not how it works. At all. Its not how the law works. Its not how NSA works. Its not how phone records work. Thats all. Have a good evening. https://t.co/qtFX1axUSN

Susan Hennessey (@Susan_Hennessey) December 7, 2019

Its honestly astonishing. I dont think Ive ever heard a more uninformed conversation about NSA or intelligence collection in my life. And I once had a relative corner me a wedding to say NSA was blackmailing John McCain into supporting immigration reform SO THE BAR IS REAL LOW

Susan Hennessey (@Susan_Hennessey) December 7, 2019

Because on the face of it, it really does look like she went on television to repeat an outright unfounded lie. And even worse for a national security/war correspondent it would seem that she doesnt understand even extremely basic principles of the subjects she covers.

Susan Hennessey (@Susan_Hennessey) December 7, 2019

Jerry Lambe, in a December 7 article for Law & Crime, notes that Hennessey isnt the only one to call out the Ingraham/Carter segment as nonsense. Bradley P. Moss, an NSA attorney, tweeted, This is pathetic. Delusional.

Lambe also points out that Patrick Boland (spokesman for Democrats on the House Intelligence Committee) told the Daily Beast that impeachment investigators did not subpoena call records for any member of Congress or their staff.

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Former NSA lawyer debunks Laura Ingrahams bogus claim that Adam Schiff used the agency to obtain Devin Nunes phone records: Not how the law works -...

Posted in NSA

2 stocks that intend to just keep winning: National Storage Affiliates Trust (NSA), The Cheesecake Factory Incorporated (CAKE) – US Post News

The recent performance of National Storage Affiliates Trust (NYSE:NSA) stock in the market spoke loud and clear to investors as NSA saw more than 366.04K shares in trading volumes in the last trading session, way higher than the average trading volume of 366.04K shares by far recorded in the movement of National Storage Affiliates Trust (NSA). At the time the stock opened at the value of $34.97, making it a high for the given period, the value of the stock dropped by -2.32%. After the decrease, NSA touched a low price of $33.78, calling it a day with a closing price of $34.92, which means that the price of NSA went 34.11 below the opening price on the mentioned day.

Given the most recent momentum in the market in the price movement of NSA stock, some strong opinions on the matter of investing in the companys stock started to take shape, which is how analysts are predicting an estimated price of $34.13 for NSA within consensus. The estimated price would demand a set of gains in total of -162645.33%, which goes higher than the most recent closing price, indicating that the stock is in for bullish trends. Other indicators are hinting that the stock could reach an outstanding figure in the market share, which is currently set at 58.76M in the public float and 2.04B US dollars in market capitalization.

When it comes to the technical analysis of NSA stock, there are more than several important indicators on the companys success in the market, one of those being the Relative Strength Indicator (RSI), which can show, just as Stochastic measures, what is going on with the value of the stock beneath the data. This value may also indicate that the stock will go sideways rather than up or down, also indicating that the price could stay where it is for quite some time. When it comes to Stochastic reading, NSA stock are showing 79.89% in results, indicating that the stock is neither overbought or oversold at the moment, providing it with a neutral within Stochastic reading as well. Additionally, NSA with the present state of 200 MA appear to be indicating bullish trends within the movement of the stock in the market. While other metrics within the technical analysis are due to provide an outline into the value of NSA, the general sentiment in the market is inclined toward positive trends.

With the previous 100-day trading volume average of 808335 shares, The Cheesecake Factory Incorporated (CAKE) recorded a trading volume of 585880 shares, as the stock started the trading session at the value of $42.01, in the end touching the price of $41.50 after dropping by -1.21%.

The Cheesecake Factory Incorporated (CAKE) surprised the market during the previous quarter closure with the last reports recording $0.59, compared to the consensus estimation that went to $0.54. The records showing the total in revenues marked the cap of +0.97%, which means that the revenues decreased by -43.49% since the previous quarterly report.

CAKE stock seem to be going ahead the lowest price in the last 52 weeks with the latest change of 15.82%.Then price of CAKE also went backward in oppose to its average movements recorded in the previous 20 days. The price volatility of CAKE stock during the period of the last months recorded 2.16%, whilst it changed for the week, now showing 2.01% of volatility in the last seven days. The trading distance for this period is set at -3.82% and is presently away from its moving average by -0.46% in the last 50 days. During the period of the last 5 days, CAKE stock lost around -2.95% of its value, now recording a dip by -4.98% reaching an average $43.65 in the period of the last 200 days.During the period of the last 12 months, The Cheesecake Factory Incorporated (CAKE) dropped by -4.62%.

According to the Barcharts scale, the companys consensus rating was unchanged to 3.35 from 3.35, showing an overall improvement during the course of a single month. Based on the latest results, analysts are suggesting that the target price for CAKE stock should be $41.50 per share in the course of the next 12 months. To achieve the target price as suggested by analysts, CAKE should have a spike by 0% in oppose to its present value in the market. Additionally, the current price showcases a discount of 24.55% when compared to the high consensus price target predicted by analysts.

CAKE shares recorded a trading volume of 578353 shares, compared to the volume of 776.27K shares before the last close, presented as its trading average. With the approaching 2.01% during the last seven days, the volatility of CAKE stock remained at 2.16%. During the last trading session, the lost value that CAKE stock recorded was set at the price of $41.50, while the lowest value in the last 52 weeks was set at $35.83. The recovery of the stock in the market has notably added 15.82% of gains since its low value, also recording -3.62% in the period of the last 1 month.


2 stocks that intend to just keep winning: National Storage Affiliates Trust (NSA), The Cheesecake Factory Incorporated (CAKE) - US Post News

Posted in NSA