Hackers steal 2 billion rubles at Russia’s central bank

"The central bank did not say when the heist occurred or how hackers moved the funds. But so far, the attack bears some similarity to a recent string of heists that has targeted the worldwide financial system. In January 2015, hackers got a hold of an Ecuadorian bank's codes for using SWIFT, the worldwide interbank communication network that settles transactions. In October, hackers used the same technique to slip into a bank in the Philippines. Two months later, hackers tried to make fraudulent requests at a commercial bank in Vietnam. They were stopped. This past February, computer hackers stole $101 million from Bangladesh's central bank -- also by gaining access to SWIFT." Continue reading

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The Meaning of Emolument

There’s been much talk recently about the foreign emoluments clause, and probably someone has made the following point, but I’ve not seen it.  The clause provides: No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the…

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Podcast: A Federal Government Beyond Its Authority

The federal government does not have the authority to do almost all of the things it does today. In this episode of Thoughts from Maharrey Head, I talk about it. If you read what people actually wrote during the process of ratifying the Constitution, you will come away with an entirely different view of America’s…

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