Showing posts sorted by relevance for query KRAKEN. Sort by date Show all posts
Showing posts sorted by relevance for query KRAKEN. Sort by date Show all posts

Saturday, January 07, 2023

COVID REMAINS THE CAPITALI$T CRISIS
‘Kraken’ COVID symptoms: What to know about the strain sweeping through the U.S. and now in at least 28 other countries



Eleanor Pringle
Fri, January 6, 2023 

COVID hospitalizations in the U.S. have spiked 16.1% in the past week as a new "escaped" variant of the virus has continued to sweep across the country.

XBB.1.5— dubbed 'Kraken' by Canadian biology professor Dr. Ryan Gregory and his following in the Twitterverse—is the most transmissible COVID variant yet, according to the World Health Organization.

A risk assessment is currently being drawn up for the new mutant strain by WHO's technical advisory group on virus evolution, Maria Van Kerkhove, technical lead for COVID-19 response at the authority, said on Wednesday.

XBB.1.5 began alarming scientists at the tail end of last year after the number of Kraken cases in the U.S. rose from 1% of all cases at the start of December to 41% just three weeks later.

This week, the U.S. Centers for Disease Control and Prevention projected that it comprised around 75% of infections in regions 1 and 2, which include Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands.

The strain is believed to be in at least 28 other countries—including Europe—with cases of XBB.1.5 now thought to make up 4% of COVID cases in the U.K.

What are the symptoms of 'Kraken' COVID variant XBB.1.5?


Dr. Allison Arwady, the Chicago Department of Public Health commissioner, said in a press conference on Tuesday that Kraken "basically just a combination of two of the earlier subtypes, two variants" from the Omicron strain.

She added that although XBB.1.5 is a new mutation its symptoms have not hugely changed because it is a descendant of the variant that was discovered in mid-2020.

Arwady explained: “We're seeing more people actually just have cold-like symptoms”—such as a runny nose, sore throat, cough and congestion—“but are less likely to have those flu-like, really feeling very sick [symptoms such as] the high fevers."

This is especially the case in people who are fully up to date on vaccines or who have preexisting immunity built up from having a COVID infection in the past.

More widely, the CDC's COVID symptoms to look out for are fever or chills, difficulty breathing, fatigue, body aches and headaches, loss in taste or smell, nausea, and diarrhea.

WHO researchers are currently focusing on the variant’s ability to quickly spread and overtake other strains of Omicron, but Van Kerkhove added that disease severity was also being explored.

There is not yet any evidence to suggest that Kraken prompts a more severe reaction, she said.

XBB.1.5 is causing concern as it binds tightly to the cells it infects, WHO officials added, which means the virus replicates easily in a host.

Does being vaccinated help protect against 'Kraken' COVID?

 Dr. Raj Rajnarayanan, assistant dean of research and associate professor at the New York Institute of Technology campus in Jonesboro, Ark., previously told Fortune that the best form of protection from mutations is to get a booster vaccination.

Speaking following the Omicron spawn BA.2.75, dubbed Centaurus, Rajnarayanan confirmed that escaped mutations such as Centaurus and Kraken are "immune evasive" to some extent—but won't be able to defy all of the human body's resistance.

https://twitter.com/mvankerkhove/status/1570752012660412416

Professor Paul Hunter, of the U.K.-based National Institute for Health Research Health Protection Research Unit, added that the extent to which Kraken can bypass immunization is not yet known.

Pavitra Roychoudhury, the director of COVID-19 Next Generation Sequencing at the University of Washington, told Forbes there are no "spectacular" measures members of the public should be taking bar the bivalent vaccine, which Roychoudhury described as the “best defense against severe illness”.
What has the impact been on health services?

The seven-day average to January 3 of COVID hospitalizations has increased 16.1% compared to the prior weekly rolling average, according to data from the CDC.

From Dec. 21 to 27, 2022, 5,613 people were admitted with positive COVID tests, compared to 6,519 from Dec. 28 to Jan. 3.

However this is still a far cry, down 69.7%, from the peak seven-day average in mid-January 2022 when 21,525 were admitted with COVID.

The WHO also reported a 20% increase in global COVID deaths Thursday over the past month; however, Van Kerkhove was quick to confirm that the trend—or variant—behind the deaths is unknown.

She added it could be due to more people meeting indoors around the public holidays as opposed to threats from a new and more dangerous strain.

Meet the biology professor who named the surging ‘Kraken’ COVID variant. He has more to help make sense of Omicron’s ‘alphabet soup’



Erin Prater
Thu, January 5, 2023 

Everyone knows the names of the major COVID variants Alpha, Delta, and Omicron. But last year, viral evolution shifted, muddying the waters as well as the names of the major variants. Instead of spawning new variants, COVID began evolving within Omicron itself—at a breakneck pace, no less. The organization responsible for figuring out what to call the latest variants of concern—the World Health Organization—stopped using Greek letters after Omicron, arguing that all the new variants weren’t different enough to warrant nicknames.

Do you remember the previously ubiquitous COVID strains BA.4, BA.5, or BQ.1.1? Have you heard of the currently surging XBB.1.5, and do you understand what the tangle of letters and numbers mean? You probably don't—and some experts say it's because of the names. You could be forgiven for thinking another strain of Omicron poses no new threat—especially if you’ve already had Omicron or received the new Omicron booster.

New strains of Omicron are becoming increasingly more transmissible and evasive, with the ability to dodge immunity from prior vaccination and infection. And using the term “Omicron” or something like XBB.1.5 to describe them just isn’t cutting it anymore, Dr. Ryan Gregory, a biology professor at the University of Guelph in Ontario, Canada, told Fortune.

“Kraken” is what he calls XBB.1.5, which the WHO just declared the most transmissible Omicron variant yet. For months, Gregory has worked to offer up “street names” for complicated COVID strains, in a bid to better communicate the evolving Omicron threat to the public.

And as pseudonyms go, he’s got a lot more where the kraken came from.

With input from both professional and “citizen” scientists around the globe, Gregory has compiled a list of memorable monikers from Greek mythology and other realms— Chiron, Argus, Basilisk, and Typhon—for the Omicron spawn that medical experts believe pose the greatest threats in the near future. He told Fortune he was inspired by a Twitter user who dubbed the Omicron strain BA.2.75 “Centaurus” this summer, and saw the media and some experts pick that up.

Since Gregory began using "Kraken"—an aggressive sea monster from Scandinavian folklore—shortly after Christmas, it's quickly gained steam, as reported by Bloomberg. The term has been picked up by a host of other international and national news outlets including Insider and Sky [hotlink ignore="true"]News. Centaurus was named in journal articles and used by the likes of Nature and the Guardian. And some variant trackers are now using the proposed names as hashtags on Twitter.

Gregory likened Omicron and its variants to different species within the mammal family of vertebrates.

“If you said, ‘Oh, what’s that thing in my yard?’ and I said, ‘It’s a mammal,’ you’d say, ‘Is it something that will eat me? Will it steal my vegetables? Does it carry disease? Is it somebody’s pet?'” he explained.

"Omicron" remains a useful descriptor, he maintained. But more than a year after the highly transmissible Omicron strain burst onto the global scene, someone needs to name new, concerning variants.

If the WHO won’t, he's decided, he will.

Gone are the days of Greek letters?


When COVID variants began materializing, the WHO devised the strategy of naming them after Greek letters, skipping some that might be confusing—like Nu, which sounds like “new,” which would apply to all variants at some point—or offensive to some, like Xi, the first name of China’s president.

Generally, the approach worked, Gregory said. But Omicron muddled matters.

Dr. Raj Rajnarayanan, assistant dean of research and associate professor at the New York Institute of Technology campus in Jonesboro, Ark., is on Gregory’s informal team to develop nicknames for particularly troublesome Omicron spin-offs.

Even as a seasoned scientist and professor, Rajnarayanan said he’s found it difficult to effectively communicate with nonscientists regarding the tangled mess of variants scientists are monitoring.

“When you keep calling 200 different lineages of different potential the same name, it becomes a problem,” he recently told Fortune.

Experts like Gregory and Rajnarayanan worry that a lack of a new and specific names for Omicron variants could lead members of the public to draw false conclusions—like that the virus isn’t evolving, or that a months-ago infection with Omicron will confer protection against newer strains of Omicron, which isn’t necessarily true.

‘The public can’t keep these numbers straight’

So far, the WHO has declined to give particularly concerning Omicron variants a Greek letter. Fortune reached out to the international health organization to ask why and didn’t receive a response.

Its resistance is based in science, since new Omicron variants can be traced back to older Omicron variants. But it’s not practical, Dr. Eric Topol, a professor of molecular medicine at Scripps Research and founder and director of the Scripps Research Translational Institute, told Fortune last fall.

“And it’s not a good defense for not naming them,” he added. “I would implore them to do so. The public can’t keep these numbers straight.”

Topol says he would have called BA.5, dominant globally until recently, Pi or Sigma because it’s “so distinct” from the original Omicron, BA.1, as well as the so-called stealth Omicron, or BA.2.

Two particularly worrying recent variants—BQ.1.1 and XBB—should also be assigned Greek letters because researchers have called them “extreme in terms of immune-evasiveness and resistance to monoclonal antibodies,” he said at the time.

“They could be given new Greek letter names instead of the ones some people invent,” he said of the new strains. “If different people are going to make up names, it’s going to be just as confusing as the numbers or letters.”

Basilisk here, Hydra there

When describing potentially threatening variants, the WHO currently uses so-called Pango lineages—combinations of letters and numbers you’ve likely heard of, like BA.2.75.2 and BA.4.6.

Pango labels have maintained their specificity as the virus mutates unrestrained, Gregory said. But such labels are almost too precise for the general public. And aside from being forgettable, they’re easily confused.

“When I talk to people, I say BA.1, they think I’m saying BL.1—and that’s a different variant,” Rajnarayanan said. “Even the two-letter system causes confusion.”

Gregory equates Pango names to technical species names, like Mus musculus for mouse or Rattus norvegicus for rat. Such technical names aren’t often used by the general public. Some species of animals, however—like Oncorhynchus mykiss, or rainbow trout—get a common name because “we encounter them a lot, they’re important to us, they’re dangerous or useful or delicious or whatever,” he said.

And so it should be with COVID variants, he contends. Particularly rampant, “high-flying” variants like XBB, a blend of BJ.1 and BM.1.1.1, should get a nickname—Gryphon, per his system—for ease of communicating the threat to the general public.

It’s especially important, he says, as a menagerie of Omicron spawn spike in different locations around the world in a fashion unlike any seen in the pandemic so far.

“If we want to make it clear that what’s rising in the U.K. is not the same as what’s rising in the U.S.—the ‘alphabet soup’ is going to be very difficult for that,” he said. He's convinced that if his system was adopted, with, say Basilisk and Cerberus in the U.K., and Hydra and Aeterna in the U.S., "you can immediately recognize which names are the same and which are not.”

If COVID keeps spawning new mutations, there are other lists of names to tap—planets, stars, constellations, galaxies, Gregory said.

What in the world will he think of next?

This story was originally featured on Fortune.com

Saturday, October 02, 2021

CRIMINAL CRYPTO CAPITALI$M
CFTC fines crypto exchange Kraken $1.25 million for offering some products illegally

cshumba@insider.com (Camomile Shumba)
© Primakov Kraken Primakov

The CFTC ordered Kraken to pay $1.25 million for facilitating margined retail commodity transactions in digital assets.

The order also said the company failed to register as a futures commission merchant (FCM).

CFTC said Kraken offered this service to customers who were not eligible between June 2020 to July 2021.

The Commodity Futures Trading Commission (CFTC) on Tuesday ordered crypto exchange Kraken to pay $1.25 million in fines for offering some products illegally.

The commodities and foreign exchange regulator said Kraken had been fined for facilitating margined retail commodity transactions in digital assets including bitcoin to customers who were not eligible between June 2020 to July 2021.

The order also said the company failed to register as a futures commission merchant (FCM).

Kraken is one of the biggest cryptocurrency exchanges in the world. Exchanges have been penalized in the past for offering products that did not comply with existing regulations, for example.

"We appreciate that today's settlement acknowledges our cooperation and engagement on the issue. We are committed to working with regulators to try to ensure the rules governing digital assets create a level playing field globally -- one that allows the crypto space in the U.S. to flourish, while protecting the interests of individuals and the integrity of the industry," Kraken said in an emailed statement to Insider.

"As a firm committed to reasonable regulation, we engaged with the CFTC about its proposed margin trading guidance and sought clarity about what the guidance would permit. In June of this year, we started limiting our margin products in the US to eligible clients prior to entering into this settlement with the CFTC," the company said.

"This action is part of the CFTC's broader effort to protect US customers," Vincent McGonagle, acting director of enforcement, said in the CFTC order.

"Margined, leveraged or financed digital asset trading offered to retail US customers must occur on properly registered and regulated exchanges in accordance with all applicable laws and regulations," McGonagle said.

The CFTC regulates the US derivatives market, with commodities, foreign exchange, fixed income and some crypto assets also falling under its remit.

The regulator cited a case in which a customer purchased a digital asset using borrowed funds from the exchange, which then supplied the digital asset or currency to the seller, known as margin trading.

The CFTC said Kraken asked its customers to exit their positions and return the funds they received on margin within 28 days or face being unable to transfer them. In the absence of repayment, Kraken would request that position be liquidated, or liquidate forcibly, if the value of the collateral dipped below a certain threshold, which is common practice across exchanges.

"As a result, actual delivery of the purchased assets failed to occur. These transactions were unlawful because they were required to take place on a designated contract market and did not," the order said.

Sunday, November 15, 2020





Our Milky Way’s Biggest Collision Was With The ‘Kraken Galaxy’ Not The ‘Gaia Sausage,’ Say Scientists

Jamie Carter
Senior Contributor
Science
I inspire people to go stargazing, watch the Moon, enjoy the night sky
SCIENTIFIC AMERICAN ? NOPE; Forbes 

M80/NGC 6093, one of the densest globular star clusters in the Milky Way galaxy, which contains ... [+] SSPL VIA GETTY IMAGES

Where does our galaxy come from?

It’s one of the biggest questions in cosmology and yet only now are astronomers beginning to unravel the mysterious mergers that resulted in the Milky Way.

The first complete family tree of our home galaxy has been reconstructed by an international team of astrophysicists. They used artificial intelligence to decipher the movements of the 150 globular clusters that orbit the Milky Way.

In doing so they’re uncovered a massive collision billions of years ago between our galaxy and what they’ve dubbed the “Kraken” galaxy, an event that added millions of stars to the Milky Way.

It’s thought that globular clusters—dense clumps of stars older than most in the Milky Way and related to each other—are the leftovers of galaxies that merged to form our galaxy. Scientists have known for some time that galaxies can grow by the merging of smaller galaxies, but until now little has been known about how the Milky Way came to be.

Using globular clusters as “fossils” to reconstruct the early assembly histories of galaxies, the researchers developed an AI suite of advanced computer simulations called E-MOSAICS that show how globular clusters form, evolve, and are destroyed.

“The main challenge of connecting the properties of globular clusters to the merger history of their host galaxy has always been that galaxy assembly is an extremely messy process, during which the orbits of the globular clusters are completely reshuffled,” said Dr Diederik Kruijssen at the Center for Astronomy at the University of Heidelberg (ZAH) in Germany.

Cue a new an artificial neural network. “We tested the algorithm tens of thousands of times on the simulations and we were amazed at how accurately it was able to reconstruct the merger histories of the simulated galaxies, using only their globular cluster populations,” said Kruijssen.


Galaxy merger tree of the Milky Way inferred by applying the insights gained from the E-MOSAICS ... [+] D. KRUIJSSEN / HEIDELBERG UNIVERSITY

In the simulations, the researchers were able to wind the cosmic clock back 10 billion years to place individual globular clusters into one of the progenitor galaxies that eventually merged to become the Milky Way.

The researchers were also able to accurately predict when each globular cluster merged with the Milky Way and how many stars it brought with it.

In doing so the researchers essentially found the debris of more than five progenitor galaxies. The first four—Gaia-Enceladus, the Helmi streams, Sequoia and Sagittarius—were already known to astronomers. The team also uncovered a previously unknown collision between the Milky Way and an enigmatic galaxy that they dubbed “Kraken.”

“The collision with Kraken must have been the most significant merger the Milky Way ever experienced,” said Kruijssen. “Before, it was thought that a collision with the Gaia-Enceladus-Sausage galaxy, which took place some 9 billion years ago, was the biggest collision event.”

The merger with Kraken took place 11 billion years ago when the Milky Way was four times less massive. “The collision with Kraken must have truly transformed what the Milky Way looked like at the time,” said Kruijssen.

To date the Milky Way has merged with about five galaxies of more than 100 million stars, but also around 15 others of at least 10 million stars.

At top right is the Large Magellanic Cloud, near to the leftovers of the Gaia-Enceladus-Sausage  [+] UNIVERSAL IMAGES GROUP VIA GETTY IMAGES

So where are the remains of these five galaxies? When the Gaia-Enceladus-Sausage dwarf galaxy collided with the Milky Way it’s thought that eight globular clusters were added to the our galaxy. The leftovers of that galaxy are called the “Gaia Sausage,” which is near the Large Magellanic Cloud.

“The debris of more than five progenitor galaxies has now been identified,” said Kruijssen. “With current and upcoming telescopes, it should be possible to find them all.”

Wishing you clear skies and wide eyes.

Thursday, December 30, 2021

CASE KRAKED 

Google Maps sleuth ‘discovers ‘Kraken sea monster prowling the ocean’ in chilling image

A CURIOUS Reddit user has revealed how he spotted a “Kraken" sea monster in a distorted image on Google Maps.

The online sleuth used the forum to share his chilling discovery - which has now sparked a number of theories.

The strange image can be seen on Google Earth
2
The strange image can be seen on Google EarthCredit: Reddit
An artist's impression of the Kraken, a mythological sea monster
2
An artist's impression of the Kraken, a mythological sea monsterCredit: Getty

A Kraken is a sea monster from Greek mythology which reportedly possessed tremendous size and strength.

Taking to the forum, he wrote: "I'm not familiar with how Google decides to render certain objects via satellite or whether there have been cases of recorded volcanic disturbances but this does not appear to be any sort of vessel and its sheer length rivals the maximum recorded blue whale.

"Let me know what you guys think it is!"

The post was soon inundated with comments as imaginative viewers began to theorise what the object could be.

One said: "I've also done some research over the last few years and according to satellite images this wasn't around in 1800s or even for a long period of time after that."

Another quipped: "Looks like giant squid vs a sperm whale."

However, other users on Reddit were quick to point out that the image was most likely a rock.

One internet user agreed, writing: "Apparently it's a rock."

A fellow user chimed in, claiming that the Kraken enthusiast was simply “trying to explain the rock theory".

Monday, January 29, 2024

Octopus in talks to help power Ukraine after Russia smashes grid

Matt Oliver
Sun, 28 January 2024 

Greg Jackson: ‘The UK can learn from Ukraine’s impressive ability to built energy infrastructure so quickly – and under fire’ - Andrew Crowley

British energy supplier Octopus is in talks to help power Ukraine as the country rebuilds its electricity grid following Vladimir Putin’s bombing onslaught.

The company has held exploratory talks with Kyiv-based DTEK, Ukraine’s biggest private energy company, about how the two businesses can work together.

It is understood this could potentially include Octopus licensing its groundbreaking Kraken energy management software to DTEK or even going one step further and forming a joint venture with the company, as Octopus has done with energy providers in other markets such as Japan.

The discussions come amid a long-running Russian bombing campaign to target Ukraine’s energy infrastructure, with the aim of depriving the public of power or heat during the coldest winter months.

Russia’s efforts have galvanised support in Ukraine for renewable energy, with the more distributed nature of wind turbines and solar panels making them smaller targets than large coal power stations.

Greg Jackson, chief executive of Octopus, held initial discussions with Maxim Timchenko, DTEK’s chief executive, on the sidelines of the World Economic Forum in Davos, Switzerland earlier this month.

Mr Timchenko met Octopus Energy’s Jackson at Davos - Stefan Wermuth/Bloomberg

Both men stressed talks are at an early stage but were enthusiastic about the potential for cooperation.

Mr Timchenko said: “We want to learn from this company [Octopus] and we want to bring this innovation to Ukraine.”

A potential deal between the two would mark yet another foreign expansion for UK household supplier Octopus, which already operates Germany, the US, Japan, Spain, Italy, France and New Zealand as well.

Many of the company’s global agreements have been propelled by demand for its Kraken software, which can manage energy assets such as wind turbines as well as customer service databases.

Kraken is now used by utility companies in 17 countries to serve 54m users.

Mr Jackson said: “Ukraine – and DTEK – has shown the agility, the speed, at which you can both upgrade and build new electricity infrastructure.

“We can learn a lot from them, for example about how they’ve been able to so quickly and so impressively do work – often under fire – that in the UK often takes five to 15 years. And if you take a decentralised system like they’ve been building, I think it’s a good example of the kind of situation where Kraken can be very effective.

“I can’t preempt where it goes. But let’s just say, I’d be delighted if we can find a way to work together in Ukraine, and in the rest of Europe.”

Following its takeover of Shell Energy last year, Octopus is now Britain’s second-biggest energy supplier with about 6.6m customers.

DTEK, meanwhile, is one of Ukraine’s biggest electricity suppliers with about 3.5m customers across the Kyiv, Donetsk and Dnipro regions.

Since the outbreak of war with Russia, the company has been scrambling to bolster its electricity grid with decentralised wind and solar farms.

It won plaudits last year for completing the construction of a wind farm in southern Ukraine, 60 miles from the frontline, in just nine months.

DTEK has also begun building renewable energy projects outside of Ukraine, with schemes online in Romania and others planned in Italy, Poland and Croatia.

Mr Timchenko said DTEK was keen to look at opportunities to deploy Octopus’ Kraken software across the business, as well as the potential for a joint venture between the two companies.

There was potential to test Octopus’ technology “outside of Ukraine as well”, he added.

Thursday, December 08, 2022

UK
CRISIS CAPITALISM: OCTOPUS ENERGY



INVESTIGATION
28 November 2022

In the third installment of Heat the Rich – an investigative series on energy firms profiting from the cost of living crisis – Corporate Watch takes a critical look at the UK’s fourth-biggest energy supplier, Octopus Energy.
Image description: A remote-controlled light switch is operated on by a nearby smartphone.
Credit: Green energy futures/Flickr

Octopus Energy Ltd is the fourth biggest energy supplier in the UK currently controlling around 11% of the energy supply market. It is the newest supplier in the big six, trendy enough to be reviewed by Vogue and posed as a ‘solution’ to “a broken, inefficient market”.

Originally launched in the UK in 2016, Octopus Energy Group Ltd now operates in 13 other countries with 23 million customer accounts. Its model is supposedly a “cheap green energy system” funded by “high sums of investment”.

But the Octopus name is not limited to the energy market. In 2018, it was listed as managing over £7 billion in assets with over 50,000 investors, Since then, it’s continued to grow, Octopus now operates eight distinct businesses: Octopus Energy, Octopus Investments, Octopus Healthcare, Octopus Ventures, Octopus Real Estate, Octopus Moneycoach, Octopus Renewables, Seccl and Octopus Wealth.

According to co-founder Christopher Hulatt, the group takes a holistic approach: “by building companies with one purpose – the relentless pursuit of ‘better’.” But better for who? Better for the pockets of Hulatt and wealth investors or for energy customers…Suffice to say, this isn’t covered in the Octopus Energy Ltd podcast on the Energy Crisis.

HOW MANY UK ENERGY CUSTOMERS DOES OCTOPUS ENERGY HAVE?

Electricity (excluding pre-payment): 3.1 million

Gas (excluding pre-payment): 2.7 million

WHO OWNS IT?


Touted as an “independent supplier” by Forbes. Octopus Energy is in fact part of a group, that is ultimately owned by OE Holdco Ltd.

At the start of the tax year in April 2022, OE Holdco Ltd, a UK-based holding company, was owned by the co-founder of Octopus Energy, Christopher Hulatt. But mysteriously, since the end of September OE Holdco Ltd has no listed owner. Hulatt and Octopus co founder Simon Rogers remains two of the three directors of OE Holdco Ltd, the third directorship is held by Octopus Company Secretarial Services Ltd.

OE Holdco Ltd was formed back in March, at the same time as families around the UK were plunged further into the cost of living crisis. Already by September, it has become the ultimate parent company of the Octopus Group. It’s certainly one to keep eye on when annual accounts are due.

IS OCTOPUS ENERGY SUFFERING AS A RESULT OF THE COST OF LIVING CRISIS?

It doesn’t seem so, in fact, Octopus Energy appears to be going from strength to strength. According to the company’s accounts from 2021, it recorded record revenues of £1.9 billion in 2021 with profits at £25 million. Bouncing back from a loss of £47 million in 2020.

The Octopus Group, with its fingers in many pies, celebrated a revenue of £2 billion in 2021, £800 million more than in 2020, a 62% increase.


Whilst the ultimate parent company OE Holdco Ltd is too new to file accounts, the Octopus Capital Ltd’s accounts for 2021 show that energy supply is the key moneymaker for the group, accounting for 85% of the total turnover. The group is also expanding internationally through acquisitions in Japan and the USA. The cherry on the cake is that the Group paid dividends of £17.7 million in 2021 in comparison to £3 million in 2020 highlighting that right now business is booming for the Octopus Group, despite the ongoing cost of living crisis.

WHO RUNS IT?


Legend has it that Octopus was started in Chris Hulatt’s bedroom, when Hulatt, Simon Rogerson, and Guy Myles founded the company in 2000. Hulatt and Rogerson remain at the top, while Myles left in 2014 to set up a financial investment company.

Day to day, Hulatt specialises in two things: hunting for investments for Octopus worldwide and cosying up to the UK government through meetings with politicians and ministers. A Cambridge graduate, Hulatt owns over 75% shares of Octopus Group Holdings Ltd and is the director of 30 companies on Companies House including Octopus Energy Ltd. With no official position apart from ‘co-founder’ Hulatt’s salary from Octopus businesses is difficult to measure. But what remains certain, is that Hulatt is not feeling the bite from the energy crisis: with a net worth of £276 million. Outside of the Octopus business, Hulatt is the Chairperson of Enthuse, a digital donation tech company, and the non-executive director of ClearlySo an investment bank.

Simon Rogerson is the chairperson of Octopus Investments, the CEO of both the Octopus Group and OE Holdco Ltd. He is listed as the director of 26 companies and was educated at the University of St Andrews. Rogerson is likely to have taken home at least £663,000 in 2021 as the highest-paid director of Octopus Capital Ltd. But Rogerson’s pockets go a lot deeper than one remuneration. According to business information databases, Rogerson owns 11% of shares at his workplace, making him the biggest single shareholder of the Octopus Group. Rogerson’s net worth is as high as £229 million.

Greg Jackson is the CEO and founder of Octopus Energy Group. Jackson is likely to be earning a salary upward of £169,000 as the highest-paid director of Octopus Energy Group Ltd. Celebrated in iNews, Jackson was seen as a bit of an angel after he gave up £150,000 in autumn 2021 “when the energy crisis began to bite”. But despite a relatively low salary he’s well-placed to make such a “selfless act” because Jackson’s 6% stake in the renewables branch of Octopus means he’s estimated to be worth around $300 million (over £265m).

Aside from Octopus, Jackson is the chairperson of Consultant Connect UK, a private tech business profiting from NHS privatisation through referral management.

THE OCTOPUS ADD-ON? KRAKEN TECHNOLOGY

In addition to cashing in on supplying energy, the Octopus Energy Group has another trick up its sleeve: Kraken Technology – which is part of the Octopus Energy Group

Kraken Technology provides data services to manage energy usage. Kraken’s platform manages “billing, payments, meter data management, CRM, customer communications, digital self-service, contact centre telephony, industry and market connections (and more)”. It appears that through Kraken Technology services Octopus has made a name for itself in the playground of the Big Six, even convincing its competitors like EDF and e.on to buy up its license. Now, 40% of the British market is licensed to Kraken.

DOES THE COMPANY AVOID PAYING TAXES?

Octopus Energy seems to be in the clear. But it’s one to look out for, as OE Holdco is yet to publish its first set of accounts, and has no publicly registered owner.

Moreover, the majority of companies owned by Octopus Investments Ltd are registered as LLPs, which fall under a different tax system in that the LLP itself is not taxable, untaxed profits are distributed to members who then pay tax through a self-assessment tax return.

The Octopus Group certainly doesn’t shy away from speaking about business tax to the government. In May 2022, Octopus Group attended a meeting on business taxation at the HM Treasury with Lucy Frazer MP alongside Uber and BP amongst others.



POLITICAL DONATIONS IN THE UK

In 2018 Octopus Investments Ltd donated £12,500 to the central Conservative party. Co-founder, Christopher Hulatt, donated a further £2,500 to the party’s local branch Hitchin & Harpenden (Hulatt’s home constituency) in 2019.

Hulatt’s donation fuelled controversy after Open Democracy revealed it had preceded former chancellor – and now Prime Minister – Rishi Sunak’s, selection of Octopus Investments to manage the government’s £100m “sustainable infrastructure fund”, the UK Infrastructure Bank (UKIB).

DOES THE COMPANY HAVE CLOSE RELATIONSHIPS WITH THE GOVERNMENT?

Yes. As Octopus co-founder Christopher Hulatt put it: “I spend most of my time focusing on…maintaining strong relationships with the UK government and MPs”.

In October 2020, Rishi Sunak alongside Boris Johnson appear to have done PR for Octopus Energy, promoting the company in an official 10 Downing Street video at the Octopus Energy HQ. Between 2020-2022 Octopus had four meetings with former UK prime minister Boris Johnson. This included one solo meeting to discuss energy technology and sustainability in October 2020 as well as a further 125 meetings with ministers to discuss energy: retail, innovation, efficiency and security.

In 2018, Hulatt spoke at the Conservative party conference as part of an event on ‘Boosting Consumer Capitalism’ organised by the right-wing Adam Smith Institute. Fellow speakers included Hulatt’s local Conservative MP, Bim Afolami, and Conservative MP John Penrose.

In 2020, Hulatt was part of the Unlock Britain Commission set up by the aforementioned Bim Afolami to produce a report for the Social Market Foundation to design “10 transformative policies for Britain after the Coronavirus crisis”. Other advisors included top figures from ASOS Plc and PwC.

In 2021, Hulatt led a training on “How to build a nation of entrepreneurs” with Conservative MP and Minister of State for Local Government and Building Safety, Paul Scully as part of The Entrepreneurs Network (TEN).

Last but by no means least, at the end of September when Octopus changed things up, Stuart Quickenden was brought on board as a director for the Octopus Group. Quickenden was a board member for the Department for Business, Energy and Industrial Strategy (BEIS) between 2017 to 2020. So no doubt he will have some useful contacts to make Octopus Energy’s relationship with government even cosier.


Saturday, January 09, 2021


Decoding the extremist symbols and groups at the Capitol Hill insurrection

Flags, signs and symbols of racist, white supremacist and extremist groups were displayed along with Trump 2020 banners and American flags at Wednesday's riot at the US Capitol.
© CNN Illustrations/Jim Urquhart/Reuters

The pictures tell part of the story of the beliefs of some of those who chose to show up on that day -- from passionate and peaceful Trump supporters to extremists who showed their hate with their symbols as well as their actions.

The mixing of the groups is one issue that experts who track extremism and hate have long been concerned about.

The certification of the election results proved to be exactly the type of event that brought together various groups and could have led to radical ideas being shared, they say. The initial event, which was heavily promoted and encouraged by President Trump, gave all of these groups something to rally around.

"This was an event designed to oppose the results of a free and fair democratic election and the transition of power that would naturally follow," Mark Pitcavage, a historian and expert in extremism with the Anti-Defamation League said.
© CNN Illustrations/Samuel Corum/Getty Images

CNN spoke with him to identify the symbols and understand the chilling messages of tyranny, white supremacy, anarchy, racism, anti-Semitism and hatred they portray.


Noose and gallows

While a noose on its own is often used as a form of racial intimidation, Pitcavage says he believes in this context the gallows were to suggest punishment for committing treason. "It is suggesting that representatives and senators who vote to certify the election results, and possibly Vice President Pence, are committing treason and should be tried and hanged," he explains.

That treason rhetoric was seen on right-wing message boards in days leading up to the event.


Three Percenters flag
© CNN Illustrations/Andrew Caballero-Reynolds/AFP/Getty Images


The Three Percenters (also known as III%ers, 3%ers or Threepers) are part of the militia movement in the United States and are anti-government extremists, according to the ADL.© CNN Illustrations/Brendan Gutenschwager




Like others in the militia movement, Three Percenters view themselves as defending the American people against government tyranny.

"Because many adherents to the militia movement strongly support President Trump, in recent years, Three Percenters have not been as active in opposing the federal government, directing their ire at other perceived foes, including leftists/antifa, Muslims and immigrants," according to the ADL.

The group's name comes from an inaccurate claim that only three percent of the people in the colonies armed themselves and fought against the British during the Revolutionary War.

The flag seen above is their logo on the traditional Betsy Ross flag. Pitcavage says right-wing groups (mainstream or extreme), which think of themselves as patriotic, sometimes co-opt America's first flag.

"Release the Kraken" flag
© CNN Illustrations/ITV

The flag references former Trump lawyer Sidney Powell's comments that she was going to "release the Kraken." Powell falsely said she had evidence that would destroy the idea that Joe Biden won the presidency.

The "Kraken," a mammoth sea creature from Scandavian folklore, has turned into a meme in circles that believe the election was stolen. The Kraken, they say, is a cache of evidence that there was widespread fraud. On social media, QAnon conspiracy and fringe sites #ReleaseTheKraken has been widely shared along with false theories of fraud.


The Proud Boys and the OK sign

The far right has co-opted the OK sign as a trolling gesture and, for some, as a symbol of white power. The ADL added that symbol to its long-standing database of slogans and symbols used by extremists.

"They are wearing orange caps to identify each other; in past rallies they wore identifying shirts and other gear, but they ditched that for this event after their leader was recently arrested," Pitcavage explained.

The Proud Boys has been supportive of President Trump and present at "Stop The Steal" rallies in Washington, DC. The Proud Boys' leader, Henry Tarrio, who goes by Enrique Tarrio, was released from police custody Tuesday on charges related to allegedly burning a Black Lives Matter banner taken from a Black church last month during protests in the city after a "Stop the Steal" rally last month. He was ordered by a local judge to stay out of DC as he awaits trial, including during this week's protests.


"Kekistan" flags

The green, white and black flag was created by some members of the 4chan online community to represent a made-up joke country named for "Kek," a fictional god they also created. It has long been present at right-wing and far-right rallies.
Pro-Trump supporters storm the U.S. Capitol following a rally with President Donald Trump on January 6, 2021 in Washington, DC. Trump supporters gathered in the nation's capital today to protest the ratification of President-elect Joe Biden's Electoral College victory over President Trump in the 2020 election.
 (Photo by Samuel Corum/Getty Images)



© CNN Illustrations/Evelyn Hockstein/For The Washington Post/Getty Images

"The Kekistan flag is controversial because its design was partially derived from a Nazi-era flag; this was apparently done on purpose as a joke," Pitcavage explained. "Younger right-wingers coming from the 4chan subculture (both mainstream right and extreme right) often like to display the Kekistan flag at rallies and events."

Altered historic flags

Altered Confederate and Gadsden flags were seen throughout the crowds at the Capitol. One Confederate battle flag variation included an image of assault rifle and the slogan "Come and take it" to convey an anti-gun control message. The phrase "come and take it" paraphrases the "come and take them" retort uttered by Spartan King Leonidas at the Battle of Thermopylae when the Persian King Xerxes told him and his people to lay down their spears in return for their lives, Pitcavage said.

The Gadsden flag, which is known to many as the "Don't Tread on Me" flag, is a traditional and historical patriotic flag dating to the American Revolution. The flag and symbol are also popular among Libertarians. But it also has been co-opted by right wing groups. Pitcavage explains that while some fly it as a symbol for patriotism, others use it as a "symbol of resistance to perceived tyranny."

Oath Keepers

A man is seen wearing an Oath Keepers hat inside the Capitol after it was breached. The Oath Keepers is a pro-Trump, far-right, anti-government group that considers itself part of the militia movement charged to protect the country and defend the constitution. The group tries to recruit members from among active or retired military, first responders, or police.

© CNN Illustrations/Roberto Schidt/AFP/Getty Images

Their leader has spouted vast conspiracy theories on his blog, accused Democrats of stealing the election, previously threatened violence if it was necessary on Election Day during an interview with far-right conspiracist Alex Jones and said his group would be armed to protect the White House if necessary, according to the ADL.


The Confederate flag

During the United States' long Civil War, no Confederate battle flag came within the shadow of the US Capitol, but on Wednesday, an insurrectionist carried one right through its halls.

© CNN Illustrations/Joseph Prezioso/AFP/Getty Images

Photographers captured a man carrying it past the portraits of abolitionist Charles Sumner and slaveholder John Calhoun.

The flag was always a symbol of support for slavery. After World War II, it became a prominent symbol of Jim Crow and segregation, Pitcavage says not surprisingly, it is a popular symbol among white supremacists -- even outside the United States.


America First flag

A rioter cloaks himself in an America First flag with the logo of the podcast by far-right commentator Nick Fuentes. Fuentes attended the event at the Capitol, but was photographed remaining outside the Capitol building.
© CNN Illustrations/Saul Loeb/AFP/Getty Images

"America First" was also a slogan President Trump used in describing his foreign policy. Its adoption was criticized by the ADL, which said it had an anti-Semitic use seeking to keep the US out of World War II.

The ADL says Fuentes is part of the "groyper army," which the ADL calls a white supremacist group.

"While the group and leadership's views align with those held by the white supremacist alt right, groypers attempt to normalize their ideology by aligning themselves with 'Christianity' and 'traditional' values ostensibly championed by the church, including marriage and family," the ADL explains. "Like the alt right and other white supremacists, groypers believe they are working to defend against demographic and cultural changes that are destroying the 'true America' -- a white, Christian nation."


"Camp Auschwitz"

A rioter inside the Capitol wore a "Camp Auschwitz" sweatshirt. The bottom of the shirt reads "Work brings freedom," which is the rough translation of the words "Arbeit macht frei" on the gates of the Nazi concentration camp. Auschwitz was the largest and most infamous Nazi concentration camp, where about 1.1 million people were killed during World War II.

Pitcavage says he believes the shirt came from the now-defunct website Aryanwear. The design, which has been around for about 10 years according to Pitcavage, has been popping up on differing websites in recent weeks, though it is often taken down when a complaint is made.
© CNN Illustrations/Joseph Prezioso/AFP/Getty Images


Nationalist Social Club stickers
© CNN Illustrations/Telegram

A social media image shows Nationalist Social Club stickers on what appears to be US Capitol Police equipment It's unclear when the photo was taken, but it was posted Wednesday in a Telegram chat the group uses, which includes a Nazi symbol as part of their name.

NSC, apparently a word play on the National Socialists or Nazi party, is a neo-Nazi group that has regional chapters in both the United States and across the globe, according to the ADL. It is unclear if the sticker on the right refers to a New England chapter, or because the group originally called itself the New England Nationalists Club.

"NSC members see themselves as soldiers at war with a hostile, Jewish-controlled system that is deliberately plotting the extinction of the white race," according to the ADL. "Their goal is to form an underground network of white men who are willing to fight against their perceived enemies through localized direct actions."


MAGA Civil War January 6, 2021 shirts

There are still many questions about how exactly the attack on the Capitol happened and who led the charge. But the calls for overthrowing the government and for a civil or race war have long been rallying cries in far-right circles.

The shirts worn by these men on the Capitol grounds on Wednesday show there was at least an intention to commemorate the day. They wore pre-printed shirts, referencing Trump's signature Make America Great Again slogan, alongside the words Civil war and the date of the event that turned into insurrection.

Many commenters in far-right forums have written since the attack, that this is just the beginning of that civil war that many of them have long desired.

© CNN Illustrations/Tess Owens/Vice News

Monday, November 01, 2021

The US Navy has figured out what a nuclear-powered attack submarine ran into in the South China Sea: report

Ryan Pickrell
Mon, November 1, 2021

The Seawolf-class attack submarine USS Connecticut has been battling bed bugs. US Navy WTF DOES THAT HAVE TO DO WITH ANYTHING IN THIS STORY

The US Navy has completed its investigation into a mysterious submarine incident in the South China Sea.

USS Connecticut grounded on an uncharted seamount, USNI News first reported.

The investigation has been sent to the fleet commander, who will consider accountability actions.

The US Navy investigators have determined what a nuclear-powered attack submarine hit in the South China Sea last month, USNI News reported Monday, citing defense officials familiar with the investigation and a legislative official.

IT COULD HAVE BEEN A KRAKEN

The Seawolf-class nuclear-powered attack submarine USS Connecticut collided with an unidentified object on October 2, the Navy revealed five days after the incident. Investigators have reportedly determined the submarine ran aground on an undersea mountain, a seamount, the location of which was uncharted.

The earlier Navy statement on the incident left a lot to the imagination, stating only that the the boat struck something while operating in international waters, there were no life-threatening injuries, the sub was in stable condition, and the nuclear propulsion systems were not damaged.

The sea service did not say where the incident occurred, though Navy officials speaking on the condition of anonymity provided that information to some reporters following the release of the statement.

As of last Wednesday, the US Navy still was not quite sure what the submarine collided with, though defense officials told USNI News that early indications suggested that Connecticut collided with a seamount, an undersea feature that rises from the ocean's depth. It can also pose a risk to ships on the surface depending on how close its summit is to the surface.

China, often at odds with the US in the South China Sea, has capitalized on the limited information provided by the Navy about the incident, with Chinese officials accusing the US of a cover-up and calling it "cagey" and "irresponsible."

The US military has denied that it is trying to cover up the incident. After a Chinese foreign ministry spokesman first made the allegations, Pentagon press secretary John Kirby said: "It is an odd way of covering something up when you put a press release out about it."

But Beijing, both the foreign ministry and the defense ministry, has continued to criticize the US for a "lack of transparency" while repeatedly calling the US "the biggest force for militarization of the South China Sea," an accusation typically aimed at China.

The conclusion of the command investigation into the USS Connecticut incident takes some of the mystery out of things. The investigation, according to USNI News, has been passed up to the 7th Fleet commander, who will make decisions about potential accountability actions.

As the investigation into the incident has not yet been publicly released, information is still limited on how the submarine ran into an seamount and to what degree members of the crew and command are responsible.

The submarine, one of only three in the powerful Seawolf class, is in Guam, where it is undergoing repairs, likely initial work before more extensive repairs can be completed elsewhere.

There are concerns that if the Connecticut has to be taken back to a public shipyard for additional repairs, it could throw a wrench into a submarine maintenance backlog that has long been problematic.

Insider reached out to 7th Fleet for comment on the results of the investigation but did not immediately receive a response.

KRAKEN

The kraken is a legendary sea monster of gigantic size and cephalopod-like appearance in Scandinavian folklore. According to the Norse sagas, the kraken dwells off the coasts of Norway and Greenland and terrorizes nearby sailors. Authors over the years have postulated that the legend may have originated from sightings of giant squids that may grow to 13–15 meters (40–50 feet) in length. The sheer size and fearsome app…




Seamounts — undersea mountains formed by volcanic activity — were once thought to be little more than hazards to submarine navigation. Today, scientists recognize these structures as biological hotspots that support a dazzling array of marine life. The biological richness of seamount habitats results from the shape of these undersea mountains.
oceanservice.noaa.gov/facts/seamounts.html
oceanservice.noaa.gov/facts/seamounts.html