Yearly Archives: 2013

How Putin Uses Money Laundering Charges to Control His Opponents

"The crux of Putin's ability to punish dissenters revolves around Russia's financial intelligence unit, Rosfinmonitoring. Putin created Rosfinmonitoring--under the direct control of the president and placed it in the charge of a fiercely loyal subordinate, Viktor Zubkov (also the Chairman of the Board of Directors of the natural gas and oil giant Gazprom). Rosfinmonitoring, and the laws criminalizing money laundering (Russian Federal Law No. 115-FZ ), were established on the recommendation of the U.S. and European powers, who sought to institutionalize a global anti-money laundering regime in the 1990's and early 2000's." Continue reading →

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PayPal Cuts Off VPN Provider iPredator, Freezes Assets

"PayPal has cut off VPN provider iPredator, an anonymity service launched by Pirate Bay co-founder Peter Sunde. The popular VPN provider is no longer allowed to accept payments and PayPal has frozen all funds for up to 180 days. PayPal didn’t provide any details as to why iPredator was banned, but the action comes after their credit card processor stopped doing business with all VPN services." Continue reading →

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If you get caught selling Bitcoin hardware, Paypal will “sever business relationships with you”

"Hello [name removed], We have reviewed your PayPal account and found that you are selling bitcoin mining machines. Per our current Acceptable Use Policy for Money Service Businesses, PayPal may not be used to operate a currency exchange, bureau de change or check cashing business including the sale of bitcoins, bitcoin mining units, and other related bitcoin products. To continue using your PayPal account, we need some additional information from you. Keep in mind that we have placed a limitation on your PayPal account, and this limitation will remain until we receive and review this information." Continue reading →

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Nintendo kicks “Let’s Play” videos off YouTube then slaps ads on them

"Now, it looks like Let's Play videos are one more piece of content that's being caught up in YouTube's Content ID system. It's an automated copyright-enforcement system that's been glitchy from the start and often criticized for taking down legitimate content. Remixes of cultural icons have been taken down with no good explanation, as well as NASA content that should be in the public domain. Political satire didn't stand a chance either. Until October, there wasn't even a meaningful appeal system for owners of wrongly removed videos." Continue reading →

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TV station uses copyright law to erase embarrassing broadcast

"A San Francisco Bay Area television station that became world famous for a humiliating gaffe during a news broadcast about a deadly plane crash is apparently trying to erase the event through copyright law. While Campbell and the station quickly issued an apology, that did not stop clips of the broadcast from flooding video-sharing sites and social networks. But the Fox TV affiliate has arrived at a novel solution to its embarrassing moment: the Digital Millennium Copyright Act, which requires Web sites to remove copyrighted material at the copyright holder's request." Continue reading →

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Bill Bonner: The Making of a Modern Debt Slave

"In China, the 'bare branches' — young men who couldn’t find wives — started a revolution. The Nien Rebellion, which took place between 1851-68, cost over 100,000 lives and almost toppled the Qing Dynasty. Will today’s young people accept their lot… and remain in docile debt servitude their whole lives? Or will they rise up, as Mr. Graeber suggests, and burn T-bonds in public spaces… rampage down Wall Street… and perhaps hang Ben Bernanke in front of the New York Federal Reserve?" Continue reading →

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Detroit Bankruptcy: How to Fix Detroit in 6 Easy Steps

"The news is full of stories of Detroit, and understandably so. It’s an unmitigated disaster. But I know how to fix it. Seriously, I do! I have a plan that would cost the state of Michigan nothing – not a cent. It wouldn’t cost DC anything either, and it would turn Detroit into the most thriving city in North America. As a bonus, it would give the remaining property owners in Detroit a financial windfall. Here’s the plan." Continue reading →

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The Anti-Default Pomposity of U.S. Officials

"White House Press Secretary Jay Carney dropped a doozie yesterday: 'We are the United States. We do not default. It is unthinkable for the greatest country on Earth to default for the first time in its history. And I believe that Republican leaders share that conviction, and the President believes that Republican leaders share that conviction.' A denial of truth, sprinkled with a dash of 'American Exceptionalism.' Hire this man! The truth is that default is not something new for the U.S. It has already been done in the past. Prior to 1971, foreign central banks, that were holding dollars, were able to turn them into the U.S. Treasury in exchange for gold." Continue reading →

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The Nightmare Ahead: 19 US Cities Have More Public Workers per Resident than Detroit

"Detroit declared bankruptcy due in no small part to $3 billion in unfunded public employee pensions as a result of a massive city workforce that kept growing even as the city’s population shriveled, but a Washington Examiner analysis found that 19 major American cities have even bigger ratios of such workers to residents. Here's the report from WE showing the number of residents per municipal employee." Continue reading →

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Which State Has the Most Self-Reliant People?

"Back in 2010, I put together a 'Moocher Index' as a rough measure of which states had the highest levels of welfare dependency after adjusting for poverty rates. It turned out that there were huge differences among states. Nearly 18 percent of non-poor Vermont residents were utilizing one or more welfare programs, putting them at the top of the Moocher Index. In Nevada, by contrast, less than 4 percent of non-poor residents had their snouts in the public trough. So I was very interested when I came across some state-by-state numbers from the Department of Agriculture showing food stamp participation compared to food stamp eligibility." Continue reading →

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