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Not only will Wells Fargo fake account fiasco not go away, but new fiascos keep appearing – 2

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Photo at Wells Fargo San Diego museum in October 2016 by James Ulvog.

I have accumulated a long list of articles on the mess Wells Fargo has create for itself. Here is the rest of the articles I’ve gathered in the last few months, including two new fiascos. Previous list of articles I’m catching up on are found here.

7/23/17 – Wall Street  Journal – Wells Fargo Discloses Accidental Client-Data Release – Oops.

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Written by Jim Ulvog

August 16, 2017, 6:58 am at 6:58 am

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Not only will Wells Fargo fake account fiasco not go away, but new fiascos keep appearing – 1

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Photo at Wells Fargo San Diego museum in October 2016 by James Ulvog.

I’ve been sitting on a string of articles describing the mess Wells Fargo has created for itself by opening accounts without customers’ permission. That issue keeps hanging around like a bad hacking cough.

At the same time some new fiascos have surfaced.

It is time to get caught up, so here are some articles I saw a few months ago:

4/4/17 – Wells Fargo advertisement in Wall Street Journal – The bank published a full-page public letter from the CEO.

He describe the steps taken by the bank to make things right. I will paraphrase or nearly quote the steps:

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Written by Jim Ulvog

August 12, 2017, 8:30 am at 8:30 am

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Things really can go terribly wrong. Do your backups work? How’s your disaster planning?

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Image courtesy of Adobe Stock

Disasters can happen. Consider:

  • How will you recover if you lose your wallet?
  • How will your business recover if ransom ware encrypts your server?
  • What is your planning to survive a tornado if your business is in Oklahoma, a hurricane if you work on the east coast of Florida, or a flood if you live in low territory next to river that overflows once a decade?

Rumbi Bwerinofa-Petrozzello ponders these questions in her 7/2/17 post If Lost…Then What?

She tells of finding a wallet on the ground, walking into the adjacent restaurant looking for the owner by glancing between the patrons and the photo on the driver’s license in the wallet. No luck.

When she got home she was able to do a bit more research. She located the woman and returned the wallet.

Life hack tip: make sure you have a business card with a current phone number and email in your wallet so that if a kind-hearted person finds your lost wallet the nice person can reach you quickly.

From there she transitions to disaster recovery.  A few questions for you to ponder:

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Written by Jim Ulvog

July 12, 2017, 9:45 am at 9:45 am

Posted in Other stuff, Pondering

Announcing “Ancient Finances”, my newest blog

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Silver Roman denarius. Photo courtesy of Adobe Stock.

Ancient Finances will explore finances and money during the Viking age and Roman Empire. Lots of posts on other blogs addressing those topics have been cross-posted to the new blog. This includes lots of discussion of the loot Alexander the Great lifted during his rampaging world tour.

I’ve been having loads of fun reading about the Viking age and am intrigued by finances and money during the Roman Empire.

Why a new blog?

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Written by Jim Ulvog

June 16, 2017, 8:37 am at 8:37 am

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Description of Scutum, a Roman Legionnaire’s shield.

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This shield is flat. It is also protected on the edges by metal.  “Shield of Roman legionairies ‘Scutum’, after AD 100. Athens War Museum, replica” by Dimitris Kamaras is licensed under CC BY 2.0

Adrian Goldsworthy provides a good description of a Roman shield, called a scutum, in his book The Complete Roman Army on page 129. A well-preserved shield was found at Dura Europus that dates from the 3rd century.

The shield is 3’ 3” tall by 2’ 8” wide in a curved shape.

It is two inches thick, consisting of three layers of wood glued together.

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Written by Jim Ulvog

June 7, 2017, 9:08 am at 9:08 am

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Logistics for a Viking force in the field – part 2

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A Viking army would need somewhere around 180 tons of grain to feed an army of 1,000 warriors during a 3 month siege. Image Courtesy of Adobe Stock.

Let’s take another look at logistics for a Viking army. In about 868, Ivar the Boneless, one of Ragnar Lothbrok’s four sons, fortified Nottingham.

A fun book, The Sea Wolves: A History of the Vikings by Lars Brownworth, described this campaign and its logistics.

King Burghred of Mercia combined forces with King Athelred of Wessex to deal with the Viking invasion. The allied forces advanced on Nottingham where the Vikings were patiently waiting behind their fortifications.

The Vikings tried to avoid attacking in battle. Instead, their preferred tactic was to draw an attack and then respond with a withering counterattack. They excelled at defense.

Short version of the story is Ivar was better supplied than the Saxons, whose soldiers faded away to go home and take in their harvest.

The siege ended when Ivar accepted an unspecified, though presumably really large bribe, Burghred acknowledged Ivar, and Ivar headed north to York.

The book describes the logistics of surviving a siege.

With 1,000 warriors, an army the size of Ivar’s required 4,000 pounds of flour and 1,000 gallons of water a day. That would be 4 pounds of flour and 1 gallon of water per soldier.

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Written by Jim Ulvog

May 31, 2017, 6:56 am at 6:56 am

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Logistics for a Viking force in the field – part 1

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Viking army in the field would require 4 pounds of grain a day to keep soldiers alive. Image courtesy of Adobe Stock.

Keep in mind as a leader of  Viking force in the field you really don’t want to be the boss of a lot of grumpy, starving soldiers who also happen to be armed with heavy weapons. That is not a formula for a long reign and perhaps not a great plan for a long life.

This is one is a series of posts on this blog talking about ancient finances.

Logistics

I’ve read several comments so far on the logistical needs for a force in the field.

I’ll start with Viking: The Norse Warrior’s [Unofficial] Manual by John Haywood.

The book provides a reference for the goods needed to keep warriors fed. A force of 1,000 warriors would need 2,000 pounds of bread along with 1,000 pounds of meat. For liquids, the book says add about 240 gallons of beer.

Per warrior: That would be about 2 pounds of bread, 1 pound of meat, and 1 quart of beer.

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Written by Jim Ulvog

May 28, 2017, 15:33 pm at 3:33 pm

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