Results tagged “Steven Hintz” from IngeMusings

U.S. not prepared for cyber war

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Included in Ventura County Treasurer Steven Hintz's email warning that the county's website had been hacked was this phrase:

We think the real scam (if this is more than a simple attempt to produce chaos) will begin with a follow-up email seeking personal information to correct some mistake in the records.

While all signs indicate that this is a run-of-the-mill phishing scheme, in which hackers attempt to trick victims into providing sensitive information, we should keep in mind that entities in foreign countries are interested in probing American websites for vulnerabilities in preparation for a potential cyber attacks. It's a virtual certainty that's not the case here, but, generally speaking, governments and companies should be aware of the cyber danger posed by our enemies abroad.

Monday, the Los Angeles Times concluded that a virtual war was a real threat. In a feature article, it described how lax security standards by county water employees allowed a white-hat hacker to break into the system.

The weak link: County employees had been logging into the network through their home computers, leaving a gaping security hole. Officials of the urban water system told Maiffret that with a few mouse clicks, he could have rendered the water undrinkable for millions of homes.

What else is vulnerable? Everything.

The weaknesses that he found in California exist in crucial facilities nationwide, U.S. officials and private experts say.

The same industrial control systems Maiffret's team was able to commandeer also run electrical grids, pipelines, chemical plants and other infrastructure. Those systems, many designed without security in mind, are vulnerable to cyber attacks that have the potential to blow up city blocks, erase bank data, crash planes and cut power to large sections of the country.

While Al Queda doesn't seem to have the capability to pull off such an attack, China and Russia do, according to the Times.

A 2007 article from The Times of UK noted that "China's cyber army is preparing to march on America."

Chinese military hackers have prepared a detailed plan to disable America's aircraft battle carrier fleet with a devastating cyber attack, according to a Pentagon report obtained by The Times.

The article stated that China's intent is to achieve "electronic dominance" over each of its global rivals.

Last year, China rerouted a large portion of the world's internet traffic.

For 18 minutes in April, China's state-controlled telecommunications company hijacked 15 percent of the world's Internet traffic, including data from U.S. military, civilian organizations and those of other U.S. allies.

Look at the chaos produced by last year's "fat finger" that caused the Dow to drop 1,000 points. Imagine if a hacker was able to duplicate that. The chaos it would generate would be enough to throw us off our footing and put us at a serious disadvantage for any military engagements. Back to the LA Times article:

CIA Director Leon E. Panetta told Congress recently that he worried about a cyber Pearl Harbor. Yet many who follow the issue believe that's what it will take to force Americans to awaken to the threat.

Treasurer candidate discusses county finances

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Steven Hintz is a retired judge running for Ventura County Treasurer/Tax Collector. He's a fiscal conservative that is endorsed by a wide spectrum of groups including the Ventura County GOP, SEIU, and the Ventura County Deputy Sheriffs' Association. The Ventura County Star also endorsed Hintz (again) earlier this month, writing:

We believe his decision-making experience and financial know-how position him to properly serve the best interests of Ventura County taxpayers.

If elected, Mr. Hintz will be charged with the responsibility of working with the county's chief investment officer to wisely invest the county's existing $2 billion portfolio. We also view Mr. Hintz as being a strong advocate for taxpayers.

Impressively, Hintz has vowed to turn down the use of a county car, cell phone, and $10,000 of his salary if he is elected.

Hintz touched on his economic philosophy in my last interview with him--in this post there's a little more detail about how this potential treasurer will protect our public funds.

One way to figure out where someone thinks the economy is headed is to see where they put their money. It's not perfect--an individual is going to have a different investment strategy than a multi-billion dollar organization, but it provides a little perspective.

Three-quarters of Hintz' personal money is invested in money market and bond funds, mostly tax exempt. The remaining quarter is in a broad American fund, a fund south of our border, and energy funds. A very small portion is invested in precious metals.

"My personal goal is capital preservation, not capital gain," Hintz said.

Me, I'm worried about the long-term value of the dollar and am scared to death to be in anything American, but a thirty-year-old, a retiree, and a county aren't going to have the same concerns.

Hintz listed these facts about Ventura County's investment portfolio:

  • 85 percent: federal bonds issued by Ginnie Mae, Fannie Mae, etc. with a maturity rate of three years or less, and an average maturity of no longer than one year.
  • 15 percent: 270-day commercial paper issued by Chevron and General Electric
  • Between $2 million and $10 million is re-invested every workday
  • Rate of return is about 1.5 percent
  • Managed completely in house

That's not going to knock anyone's socks off, but a lot of people will take comfort with this conventional and conservative portfolio that is managed according to an investment policy established by the Board of Supervisors.

"If I am elected, the Chief Investment Officer and I will review all the allowable investment options, but it would be inappropriate for this fund to chase yield at the cost of incurring additional risk," Hintz said.

He's right; while I wouldn't have my money invested in Fannie Mae, it's good for large public funds to exercise a large abundance of caution and follow the herd--risky investments don't just have the potential of screwing over thousands of people, it could land the treasurer in jail.

Hintz couldn't comment on the retirement fund, saying he doesn't have enough information on it and that it is managed with the assistance of outside investors.

The candidate, if elected, would assume a seat on the county Employee's Retirement Association board of directors, which runs the county pension fund.

Treasurer candidate Hintz discusses his economic philosophy

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Steven Hintz is probably the hardest working candidate in any local race. If you're in a community group, chances are that he's dropped by one of your meetings--he goes to about three of them a day, every day. I half expect him to show up to my kid's first birthday party to shake hands with the parents and listen to their concerns, and inform them of his candidacy for Ventura County Treasurer Tax Collector.


I like that strong work ethic in a candidate; the people-driven approach that shows he cares about every single vote. It helped him advance past the June primary election as one of the two finalists in the election, the other candidate being former tax association president Don Facciano.

Hintz (pronounced like "hints") himself is a retired judge with a no-nonsense reputation. If jittery defense lawyers gave him a nickname, it was probably "Hang 'Em High Hintz." While that sounds intimidating, he's approachable enough, especially if you are willing to discuss one of his favorite hobbies--model trains.

He likes them so much he oversaw a $2.8 million budget as the CFO of the California State Railroad Museum Foundation in Old Town Sacramento. He cites this experience as one of his qualifications to run for Treasurer,  but loopy new rules enacted by the Ventura County Board of Supervisors puts a greater emphasis on his business classes from his college days. However, those rules paved the way for Hintz to run; he didn't throw his hat into the ring until well-organized and well-funded Audra Strickland was deemed to be ineligible.

As the man who may have a big say in the economic well-being of the county, I wanted to learn more about his economic philosophy. Hintz may look like a trim Barney Frank, but his approach to finances is quite the opposite. [continue reading]

Picture of the day

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Here's a picture from Don Facciano's Facebook page of the candidate enjoying a free tote bag at Simi Valley Days.

Look closely at the name on the bag.

facciano tote.jpg


The irony didn't escape the man whose name is on the bag, Facciano's opponent Steve Hintz, who posted this on his Facebook page:

Here's a campaign classic for you . . . if you go to Don Facciano's Facebook page, you will see that he has posted a picture of himself putting his handout into my campaign's tote bag. How he managed to take all those pictures of himself during the short time he was there, I don't know.


This sort of gaffe can happen to any candidate, particularly with the prevalence of Facebook, Twitter, and cell phones. If I were a campaign manager, I don't know how I could I ever relax if my candidate had access to these tools. 

Hintz endorsed by former opponent Walker

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Steven Hintz led the seven candidates running for treasurer-tax collector, but because nobody finished with more than 50 percent a runoff is scheduled for the November election.

Hintz finished with about 23 percent of the vote, and runner up Don Facciano--now Hintz's only opponent--had 18 percent.

Republican candidate Jeff Walker, who garnered 17 percent, just threw his support behind Hintz. Hintz posted this on his Facebook page:

Today's great news is that JEFF WALKER of Camarillo has endorsed me. Jeff brings supporters with him who wanted vigorous young-minded leadership and sound financial experience. Jeff had great ideas for bringing the TTC into the 21st century. He was very close to making the runoff. I WELCOME HIS SUPPORT.

Walker wrote, "You are the best candidate to provide stability to the office and use technology to bring it to 21st century standards. I'm proud to support your campaign."

In a post on Walker's blog, he wrote that Hintz is better equipped to transition the treasurer tax-collector position into the digital world. He said that mailing a paper tax bill runs about $2, while emailing it is obviously free.

The choice between Hintz and Walker was a tough one for conservatives. Walker is a business owner and accountant, while Hintz was a no-nonsense judge.

But conservatives aren't the only voters attracted to Hintz. Rumor has it that Democrat Warren Harwood, another former treasurer candidate, will endorse Hintz.

Ventura County Star goes 11 for 11 in endorsements

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Voters agreed with all eleven recommendations of the editorial board of the Ventura County Star. It either has an uncanny finger on the pulse of Ventura County (and the state), or its coverage is so trusted that voters take it to heart when they vote.

The Star endorsed Geoff Dean, Linda Parks, Peter Foy, Steven Hintz, Mark Lunn, and Paul Blatz. All five candidates were the top vote-getters in their respective races (although Hintz will face a runoff in November).

All five of the Star's recommendations on the props came to fruition as well.

It should be noted that the Star isn't trying to predict victory--it's merely selecting who the best candidate would be for each office. Voters overwhelmingly agreed with the newspaper, particularly with the surprisingly large wins for Dean and Parks who were involved in tough races. It's difficult to assign cause-and-effect as to whether the Star's coverage influenced the outcome or ran parallel to voter attitudes. [continue reading]

Hintz tosses in hat, $150k in ring

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Retired Superior Court Judge Steven Hintz made a big statement Wednesday when he announced that he's running for treasurer-tax collector--and loaning his campaign committee $150,000 of his own money.

The money should make any potential opponents have second thoughts.

Hintz seeks to replace the retiring Larry Matheney, whose seat garnered much attention lately when the Ventura County Board of Supervisors effectively ended Audra Strickland's campaign for it by establishing educational criteria. Hintz believes that some business classes he took satisfies the requirement.

He also earned a law degree in 1971 from UC Berkeley, which must have been some interesting times for a law-and-order type. He became a JAG, joined the Ventura County DA's office, then was appointed to be a judge in 1982. The Ventura County Trial Lawyers Association named him Judge of the Year in 1984 and 1988.

In 1992, he was reproved by the California Commission of Judicial Performance for exceeding the lawful authority of his position.  He had ordered his bailiffs to search people in his courtroom for weapons and outstanding arrest warrants. I think he should have been awarded another Judge of the Year award for that.

Judge Hintz is a lifetime member of the NRA, and an avid train buff who builds model train sets. He also oversaw a $2.8 million budget as the CFO for the California State Railroad Museum Foundation, which maintains a museum in Old Town Sacramento.  

It will be interesting to see if Hintz's hefty loan will clear the field of competitors, now that the person who was his biggest obstacle is running for county supervisor.

IngeMusings
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This blog attempts to add perspective and context to local and national politics, through a variety of disciplines, such as history, economics, and philosophy--all tempered with common sense. About the author

Eric Ingemunson's commentary has been featured on Hannity, CNN, NBC, Inside Edition, and KFI's The John and Ken Show. Eric was born and raised in Ventura County and currently resides in Moorpark. He earned a master's degree in Public Policy and Administration from California Lutheran University. As a conservative, Eric supports smaller government, less taxation, more individual freedom, the rule of law, and a strict adherence to the Constitution.
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