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We Are Becoming a Nation of Burger Flippers

We Are Becoming a Nation of Burger Flippers

“The American workforce is slowly converting to a force of burger flippers and shelf stockers, mostly older people in semi-retirement. The implications for the economy are serious, and the ballooning cost of health care for businesses under Obamacare bears much of the responsibility: The law’s (expensive) mandate that employees who work over 30 hours per week receive mandatory health benefits is suppressing the hiring of full-time workers, particularly by small businesses. Even Sen. Max Baucus, one of the law’s architects, said ‘I just see a huge train wreck coming down,’ at an April 17 hearing.” Continue reading

‘No plans to leave Russia’: Snowden has job offer, awaits reunion with family, girlfriend

‘No plans to leave Russia’: Snowden has job offer, awaits reunion with family, girlfriend

“An ‘exhausted’ Edward Snowden will have his own choice of accommodation, has no current plans to leave Russia, and still misses his girlfriend, according to his Russian lawyer. The US national has been issued a 12-month residence permit, which can be extended indefinitely. Snowden only has to register and then has the legal right to travel anywhere in Russia. Snowden is legally allowed to work in Russia, and has already had one job offer. In what may or may not be a serious proposal, the founder of Russia’s Facebook equivalent Vkontakte, the flamboyant Pavel Durov, has offered the computer specialist a seat on his ‘all-star security team’.” Continue reading

When ‘Smart Homes’ Get Hacked: I Haunted A Complete Stranger’s House Via The Internet

When ‘Smart Homes’ Get Hacked: I Haunted A Complete Stranger’s House Via The Internet

“Due to Insteon not requiring user names and passwords by default in a now-discontinued product, I was able to click on the links, giving me the ability to turn these people’s homes into haunted houses, energy-consumption nightmares, or even robbery targets. Opening a garage door could make a house ripe for actual physical intrusion. Thomas Hatley’s home was one of eight that I was able to access. Sensitive information was revealed – not just what appliances and devices people had, but their time zone (along with the closest major city to their home), IP addresses and even the name of a child.” Continue reading

Siskel & Ebert Review of Enemy of the State (1998)

Siskel & Ebert Review of Enemy of the State (1998)

“Siskel and Ebert review the 1998 spy thriller, Enemy of the State starting Will Smith, Gene Hackman, and Jon Voight. Both of them liked the movie.” Continue reading

John Carmack: Armadillo Aerospace in “hibernation mode”

John Carmack: Armadillo Aerospace in “hibernation mode”

“There is a good reason for that silence over the last five months: the company is, for the time being, effectively out of money. ‘The situation that we’re at right now is that things are turned down to sort of a hibernation mode,’ Carmack said Thursday evening at the QuakeCon gaming conference in Dallas. ‘If we don’t wind up landing an investor, it’ll probably stay in hibernation until there’s another liquidity event where I’m comfortable throwing another million dollars a year into things,’ he said. Funding Armadillo, he said, has ‘always been a negotiation with my wife,’ he said, setting aside some ‘crazy money’ to spend on it.” Continue reading

Should You Trust Your Instincts on Gold?

Should You Trust Your Instincts on Gold?

“I have yet to see anyone present any logical economic premise that concludes that our country will not eventually see a currency collapse. Instead, I see several clues that reinforce my concerns. Throughout history thousands of currencies have collapsed, but precious metals have held their value. It should come as no surprise to learn that over the last few years China, Russia, and many central banks have been stockpiling gold. Germany and Venezuela quietly announced earlier this year that they are repatriating their gold stores overseas—not coincidentally mostly from the US—back to their shores.” Continue reading

No One Saw This Coming…

No One Saw This Coming…

“Last fall, I sat in a cozy living room on the outskirts of Tallinn, Estonia, drinking coffee, eating freshly baked pastries and listening to a former parliament member for the Soviet Union tell me about a phone call he had recently received from inside Russia’s central bank. The bank officials wanted input on how to build a reserve currency, one backed by the plentitude of hard assets Russia owns. What he told me – easily the most-stunning bit of information I gathered on that research trip – has stuck with me. ‘Russia,’ he announced, ‘is using oil, gas and minerals as the new tools of war instead of military tools. This will be the beginning of a currency cold war.'” Continue reading

Jeffrey Tucker: Thank You, Russia?

Jeffrey Tucker: Thank You, Russia?

“I’m as glad as the next guy that ‘we’ won the Cold War. But sometimes you just have to wonder: What was the point of those 45 years of nuclear stalemate? All that time, we were told that this was a mighty struggle between individualism and collectivism, between freedom and tyranny, between capitalism and communism. But at the end of the day, once everything has shaken itself out, it is Russia that is providing sanctuary to our best citizens. Is this some sort of strange dystopian novel? Well, yes, and it has a name: Nineteen Eighty-Four, by George Orwell.” Continue reading