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What’s the Better Role Model, France or Switzerland?

“The first slide, which is based on research from the Boston Consulting Group, looks at which jurisdictions have the most households with more than $1 million of wealth. Switzerland is the easy winner, and you probably won’t be surprised to see Hong Kong and Singapore also do very well. Gee, I wonder if the fact that Switzerland (#4), Hong Kong (#1), and Singapore (#2) score highly on the Economic Freedom of the World index has any connection with their comparative prosperity? The most impressive part of this data is the way Switzerland has maintained a much smaller burden of government spending [compared to the Eurozone].” Continue reading →

International Bank Transfers: Banks’ Ugly Secret and Why Bitcoin Really Matters

“Working for the largest Bitcoin exchange with customers around the world gives us an insight that few, other than banks, may have on how international wire transfers work. The first misconception that many of us may have was that everyone could create a bank account in whatever currency he/she wanted in the country of their choosing and have control over it. Unfortunately, a currency does not really exist outside of its country, meaning that if you ever open a USD bank account in a European bank or Japanese one, any USD available in this account would, in fact, be held in the United States and not in your local/federal or national bank vault.” Continue reading →

Anti-government protests continue in Istanbul: ‘Government, resign!’

“Thousands gathered in Istanbul’s Taksim Square on Saturday to protest against the harsh police treatment of demonstrators whose anti-government rallies have rocked the country for nearly a month. Riot police blocked off the centre of the square, the symbolic heart of the nationwide protest movement, for some two hours as the demonstrators chanted ‘Government, resign!’ but there was no fresh violence. The crowd also denounced the death of a demonstrator in the country’s Kurdish-dominated southeast on Friday after soldiers opened fire to disperse villagers protesting against the expansion of an army outpost.” Continue reading →

Lawmakers propose cyber crime reforms inspired by Aaron Swartz

“Critics of the current law, called the Computer Fraud and Abuse Act (CFAA), say it is far too vague and led to the overzealous prosecution of Swartz after he accessed an MIT database containing academic research papers, many of which were created with public funding. Aaron’s Law would also cut back on redundant penalties in the current CFAA that can see some offenders punished twice for the same crime. The bill also seeks to address a flaw in the current law that makes ‘unauthorized access’ of any kind a felony, whereas something as simple as lying about one’s age to Facebook could be considered unauthorized access.” Continue reading →

Michael Hastings was researching Jill Kelley FBI lawsuit before death

“During the weeks before he was killed in a car crash in Los Angeles, reporter Michael Hastings was researching a story about a privacy lawsuit brought by Florida socialite Jill Kelley against the Department of Defense and the FBI. Hastings, 33, was scheduled to meet with a representative of Kelley next week in Los Angeles to discuss the case, according to a person close to Kelley. Kelley alleges that military officials and the FBI leaked her name to the media to discredit her after she reported receiving a stream of emails that were traced to Paula Broadwell, a biographer of former CIA director David H. Petraeus, according to a lawsuit filed on June 3.” Continue reading →

Senator: Contractor that vetted Snowden is under investigation

“A company that conducted a 2011 background investigation into Edward Snowden, the source of recent leaks about U.S. secret surveillance programs, is itself under investigation, Senator Claire McCaskill said on Thursday. In her opening statement before a Senate homeland security subcommittee hearing, McCaskill said USIS is currently under investigation by the Office of Personnel Management’s Inspector General based on allegations is systemically failed to adequately conduct investigations under its contract. ‘It is a reminder that background investigations can have real consequences for our national security,’ McCaskill said.” Continue reading →

Fact checking NSA’s 9/11 claim: U.S. already knew identity of Saudi hijacker

“Those making the argument have ignored a key aspect of historical record. U.S. intelligence agencies knew the identity of the hijacker in question, Saudi national Khalid al Mihdhar, long before 9/11 and had the ability find him, but they failed to do so. Mihdhar is at the center of the well-known story of the failure of information sharing between the CIA and FBI and other agencies. Indeed, the Obama administration’s invocation of the Mihdhar case echoes a nearly identical argument made by the Bush administration eight years ago when it defended the NSA’s warrantless wiretapping program.” Continue reading →

Bush-Era NSA Whistleblower Makes Most Explosive Allegations Yet About Extent of Gov’t Surveillance

“Russ Tice, a former intelligence analyst and Bush-era NSA whistleblower, claimed Wednesday that the intelligence community has ordered surveillance on a wide range of groups and individuals, including high-ranking military officials, lawmakers and diplomats. He also made another stunning allegation. He says the NSA had ordered wiretaps on phones connected to then-Senate candidate Barack Obama back in 2004. FBI whistleblower Sibel Edmonds and Tice agreed that such wide-ranging surveillance of officials could provide the intelligence agencies with unthinkable power to blackmail their opponents.” Continue reading →