Network Archives

Obama set to sign bill to lower student loan interest rates

"The House of Representatives on Wednesday passed a bill that would reverse a recent hike in federal student loan interest rates, lowering them to 3.86 percent for undergraduates in the new school year. The bill pegs interest rates on student loans to the 10-year Treasury note plus 2.05 percentage points for undergraduates, and plus 3.6 percentage points for graduate loans. The bill, a result of extensive negotiations in mid-July among a coalition of U.S. senators composed of Democrats, Republicans and an independent, now waits to be signed into law by President Barack Obama." Continue reading →

Continue ReadingObama set to sign bill to lower student loan interest rates

Obama delivers ‘full-throated defense’ of Larry Summers to House Democrats

"President Barack Obama defended Larry Summers’ credentials during a meeting with House Democrats on Wednesday. Rep. Gerry Connolly (D-VA) told The Hill that Obama had given a 'full-throated defense' of Summers during the meet at the Capitol. Obama is rumored to be considering nominating Summers to replace Ben Bernanke as chairman of the Federal Reserve. Obama described Summers as a loyal and important adviser during the 2008-2009 financial crisis. Summers had served as director of the U.S. National Economic Council under President Barack Obama. He resigned in 2010." Continue reading →

Continue ReadingObama delivers ‘full-throated defense’ of Larry Summers to House Democrats

Bill Bonner: Why do we have this credit-based money?

"Because governments are essentially a way for the insiders (who control the police power of the state) to take power and money from the outsiders. Cicero once described the two groups as the 'Optimates' on one side and the 'Populares' on the other. You might also think of them as the elite and the hoi polloi...or the privileged classes and the riff-raff. The critical difference between the two is that the elites...the optimates...the insiders...have the government in their pocket. The others do not. Bullion-based money is a natural limitation on the ability of the elite to rob the rest of the population." Continue reading →

Continue ReadingBill Bonner: Why do we have this credit-based money?

TD Waterhouse Bank begins FATCA Hunt and embraces role as IRS deputy

"Its compliance department seized upon my Canadian Passport showing a US place of Birth…That it turn triggered them to FREEZE my accounts until I signed a 'W9' and a 'Limitations of Benefits' form. I immediately told them I had no SSN and wasn’t a US Citizen and they had no right to provide any information on my accounts to the US as this would be a breach of the client confidentiality act…(besides it would include my CANADIAN born wife’s affairs as well). They explained to me that the TD Waterhouse was required to do this as they were REGISTERED in the US and were subject to substantial US penalties under FATCA." Continue reading →

Continue ReadingTD Waterhouse Bank begins FATCA Hunt and embraces role as IRS deputy

After the Manning verdict, four big issues remain untouched

"Mr. Manning’s lawyer, David Coombs, was ambiguous: 'We won the battle, now we need to go win the war... Today is a good day, but Bradley is by no means out of the fire.' WikiLeaks founder Julian Assange, himself a fugitive and holed up in the Ecuadorean embassy in London, described the verdict on Twitter as 'dangerous national security extremism.' If reflecting on what to make of the verdict seems difficult, consider this. The most critical issues of public policy raised by the Manning case have yet to be broached." Continue reading →

Continue ReadingAfter the Manning verdict, four big issues remain untouched

Now They Want Your Passwords

"For a dozen years, the FBI and NSA have spied on Americans and shredded the Constitution. They say the Patriot Act “authorizes” their abuses. That means... If you repeal the Patriot Act, they have NO authorization! This is increasingly urgent, because their snooping is only getting worse... The feds are demanding web firms hand over master encryption keys that shield my private Internet activities (http://shar.es/kR364) - and they even want my passwords! (http://shar.es/kRHgV) Hacking into my private data and communications is THE SAME THING as going through my possessions and papers without a court-issued search warrant." Continue reading →

Continue ReadingNow They Want Your Passwords

Moscow Subway To Use Devices To Read Data On Phones

"The head of police for Moscow's subway system has said stations will soon be equipped with devices that can read the data on the mobile telephones of passengers. In the July 29 edition of 'Izvestia,' Moscow Metro police chief Andrei Mokhov said the device would be used to help locate stolen mobile phones. Mokhov said the devices have a range of about 5 meters and can read the SIM card. According to experts, the devices can be used more widely to follow all passengers. Mokhov said it was illegal to track a person without permission from the authorities, but that there was no law against tracking the property of a company, such as a SIM card." Continue reading →

Continue ReadingMoscow Subway To Use Devices To Read Data On Phones

Edward Snowden granted refugee status in Russia, leaves airport

"Fugitive former U.S. spy agency contractor Edward Snowden slipped quietly out of Moscow’s Sheremetyevo airport on Thursday after Russia granted him temporary asylum, ending more than a month in limbo in the transit area.A Russian lawyer who has been assisting Snowden said the American, who is wanted in the United States for leaking details of secret government intelligence programmes, had gone to a secure location which would remain secret. After weeks staying out of sight from hordes of reporters desperate for a glimpse of him, Snowden managed to slip away in a taxi without being spotted." Continue reading →

Continue ReadingEdward Snowden granted refugee status in Russia, leaves airport

Think your password is secure from the NSA? Try this.

"Seven minutes. That’s how long it would take to crack one of the passwords I had been using for more than ten years, according to the crypto experts at Silent Circle. I’ve been using eight or ten different passwords for several years, some of them going back to my days as an intelligence officer. I had always thought they were secure– letters and numbers that I’ve been typing so long, they’re committed to muscle memory. But a few months ago when I signed up for my Silent Circle account, I was surprised to see the results when I tested one of my passwords against their crypto analysis tool. You can try it for yourself here." Continue reading →

Continue ReadingThink your password is secure from the NSA? Try this.