U.S. charges eight hackers over alleged cyber theft of at least $15 million

“Federal prosecutors in New Jersey on Wednesday unveiled criminal charges against eight people accused of trying to steal at least $15 million from U.S. customers in an international cybercrime scheme targeting accounts at 15 financial institutions and government agencies. U.S. Attorney Paul Fishman said the conspiring hackers gained unauthorized access to computer networks, diverted customer funds to bank accounts and pre-paid debit cards and used ‘cashers’ to make ATM withdrawals and fraudulent purchases in Georgia, Illinois, Massachusetts, New York and elsewhere.” Continue reading

Continue Reading U.S. charges eight hackers over alleged cyber theft of at least $15 million

Name That Black Swan

“You might argue that a black swan event could occur at any time. That’s true. But our current fiscal, monetary, and economic circumstances are so tenuous that the possibility of a black swan event hitting our economy is greater than usual. Indeed, the number of anomalous events that could take place is large enough that collectively they represent a high probability. And since we all live and work within an economic system and use money every day, the impact to us as individuals could be severe. So the question is this: what data are available now that show where we are most vulnerable to experiencing a black swan event?” Continue reading

Continue Reading Name That Black Swan

Welcome to the ‘Glock Block’: Oregonians are no longer calling the police, arm themselves instead

“Frustrated by an increase in petty crime, residents of an Oregon neighborhood have decided to arm themselves instead of calling the police. Residents of a Jennings Lodge neighborhood in Clackamas county, Ore., have put up fliers advertising their new policy, calling themselves the ‘Glock Block’, according to KOIN News. ‘This is a Glock Block,’ the fliers read. ‘We don’t call 911. Along with some of her neighbors, Coy Toloman has put up the fliers and gotten a concealed carry permit with the hopes of deterring criminals. While the increase in neighborhood crime is mostly petty, with incidents of vandalism and stolen law ornaments, Toloman has had enough.” Continue reading

Continue Reading Welcome to the ‘Glock Block’: Oregonians are no longer calling the police, arm themselves instead

Bitcoin: Internationalization’s New Best Friend

“Bitcoin makes it easy to move funds around the world and convert it into and out of fiat currencies in a very private fashion. There’s nothing to declare at borders, as with cash or precious metals, since the value exists ‘out there’ in the Internet. All you have are the keys to access those funds when desired. And, best of all, it allows frequent travelers and permanent travelers (PTs) to build up a readily accessible ’emergency account’ that can’t be easily identified, let alone stolen. However, the trick to getting all these privacy benefits is to use it properly.” Continue reading

Continue Reading Bitcoin: Internationalization’s New Best Friend

Obama Says Bernanke Has Been at Fed ‘Longer Than He Wanted’

“President Barack Obama said Federal Reserve Chairman Ben S. Bernanke has stayed in his post ‘longer than he wanted,’ one of the clearest signals the central bank chief will leave when his current term expires next year. ‘Ben Bernanke’s done an outstanding job,’ Obama said in an interview with Charlie Rose that aired yesterday on PBS, when asked about nominating him for another term subject to Senate approval. ‘He’s already stayed a lot longer than he wanted or he was supposed to.'” Continue reading

Continue Reading Obama Says Bernanke Has Been at Fed ‘Longer Than He Wanted’

No Rest for the Weary Landowners and Their Advocates

As the Texas Tribune reported, we’ve started the ball rolling AGAIN asking for interim studies and public hearings on common carrier pipelines and eminent domain abuse in our state. We knew public input (pulling wisdom from the minds of men and women) would be an important element in the search for solutions to protecting private property and water while providing fertile ground for oil and gas development. There was ONE and only ONE public hearing … Continue reading

Continue Reading No Rest for the Weary Landowners and Their Advocates

Obama on prosecuting Edward Snowden: I will leave it up to the Department of Justice

“Barack Obama addressed what he described as the public ‘ruckus’ over the leaked National Security Agency surveillance documents on Monday, indicating that the US authorities would pursue extradition from Hong Kong of the whistleblower Edward Snowden. Obama did not offer any more details about the process in his PBS interview. Instead, he addressed criticism that he has shifted a long way from the liberal positions he championed during his 2008 White House race. Obama said: ‘My concern has always been not that we shouldn’t do intelligence gathering to prevent terrorism, but rather are we setting up a system of checks and balances.'” Continue reading

Continue Reading Obama on prosecuting Edward Snowden: I will leave it up to the Department of Justice

Smell of marijuana: Who needs a search warrant when police use their nose?

“The ability to conduct warrantless searches based on the smell of marijuana has faced some challenges. In Florida, recent cases in Sarasota and Pinellas County have cast doubt on some officers’ claims they were able to smell the marijuana cited in their probable cause affidavits and search warrant applications. And in Massachusetts, where voters decriminalized small amounts of marijuana in 2008, a state court struck down the ability to smell and search in 2011. Defense attorneys argue that youths and minorities are targeted disproportionately and say that because the search relies solely on an officer’s word, it’s prone to misconduct.” Continue reading

Continue Reading Smell of marijuana: Who needs a search warrant when police use their nose?