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Obama gets power to wage pre-emptive cyber warfare

“A secret internal review has concluded that President Barack Obama can lawfully engage in pre-emptive cyber attacks in the event that the U.S. faces an imminent threat, according to The New York Times. The legal guidance was key to rules the administration hopes to adopt in the coming weeks to govern cyber warfare operations. The Times added that those rules will classified similarly to the policies governing the nation’s drone warfare program. The president is only known to have launched one cyberwar operation, against Iran.” Continue reading →

Obama vows to watch U.S. financial industry to prevent ‘irresponsible behavior’

“President Barack Obama promised Saturday to watch the US financial industry to prevent what he called ‘irresponsible behavior’ as he defended his nominations to key financial watchdog agencies. The CFPB, set up under Obama’s 2010 financial regulatory law, has the power to protect consumers from predatory banking practices and hidden conditions on loans. It can also crack down on debt and credit agencies. ‘It’s not enough to change the law — we also need cops on the beat to enforce the law,’ Obama said, showcasing both nominations and urging the Senate to give both candidates a speedy approval.” Continue reading →

Peter Schiff: The Biggest Loser

“For the past few generations Switzerland has enjoyed some of the strongest economic fundamentals in the world. The country boasts a high savings rate, low taxes, strong exports, low debt-to-GDP, balanced government budgets, and prior to a few years ago one of the most responsible monetary policies in the world. These attributes made the Swiss franc one of the world’s ‘safe haven’ currencies. Despite the fact that Switzerland was an island of economic health amidst a sea of problems, the reigning economic orthodoxy convinced Swiss leaders that their strong currency was a burden rather than a blessing.” Continue reading →

The bacterium that lays tiny nuggets of gold

“Among the more peculiar organisms that inhabit our Earth exists a bacterium that turns water-soluble gold into microscopic nuggets of solid gold, scientists said Sunday. Chemists have often pondered why the germ Delftia acidovorans is frequently found on the surface of tiny gold nuggets. Its presence led scientists to speculate it may be creating the particles from soluble gold — ions of gold that are dissolved in water. But the puzzle was how D. acidovorans did this trick, as soluble gold is toxic. The answer lies in a molecule excreted by the microbe that both shields the organism and transforms the poisonous ions into particles.” Continue reading →

Italy’s Berlusconi vows to refund money from unpopular tax

“Former premier Silvio Berlusconi vowed Sunday to refund the money Italians have had to fork out for an unpopular property tax if his coalition wins this month’s elections. Speaking at a rally in Milan, Berlusconi vowed to scrap the levy and refund the taxes paid on primary residences in 2012 ‘as compensation for an erroneous decision by the state’ — to the tune of some four billion euros ($5.5 billion). ‘One should never touch the primary residence, which is the pillar on which families build,’ he said, asserting that the reintroduction of the tax had caused property values to plummet ‘by five to 20 percent’, and had led to a drop in home sales and construction.” Continue reading →

Sending Granny (and Gramps) to the Home

Author’s Note: This is the fourth in a series of articles about Nebraska’s Medicaid program, the Unicameral’s apparent intent to expand it, and the many reasons why expansion is an uncommonly bad idea. Although they don’t have to be read in order, here are links to the previously-published articles in the series: NE Medicaid Expansion:… more

California Man Pays Off $13,000 Property Tax Bill in Coins, Dollar Bills

“A California man who failed to pay his property taxes for over five years has finally come up with the money — but he made local tax office workers count nearly $15,000 worth of change and dollar bills. Larry Gasper of Redding, Calif. brought in a wheelbarrow and two buckets worth of coins and cash to the Shasta County Tax Collector’s Office on Wednesday afternoon. Gasper rolled and collected the coins and bills until he had enough to clear his debt. If Gasper had not paid the bill, his property would have been auctioned off next month. He said he lost his tree business a couple of years ago.” Continue reading →

The Disappearing Gold

“The Bundesbank is just as fearful of a run as the Fed and will be only too willing to accept the Fed’s terms. What must be borne in mind is the root cause of the request. It was not the Bundesbank itself that originally wanted the transfer to take place; it was the German people who, quite rightly, have become distrustful of the fact that their gold has been in New York for so long and want to see it repatriated. It is not the banks who wish to correct the situation. Not one bank wishes to expose the inappropriate practices of any other bank. Their loyalty is to each other and not to their depositors.” Continue reading →