Bankocracy

How the Military Industrial Complex Targeted the Amash Amendment

"The NSA gave members of Congress private scare briefings. Former Attorney Generals and past 'spook agency' leaders signed an open letter of opposition. The Wall Street Journal attacked Amash as 'unqualified' to introduce such a bill. The Democratic Whip's office even suggested that the Amash amendment '...pertain[s] to persons who may be in communication with terrorist groups...' But the absolute worst tactic came from the House Republican leadership. They offered an amendment that would supposedly protect Americans from the PRISM system. Sounds good right? Well... It was a fraud designed to peel away support from Amash." Continue reading →

Continue ReadingHow the Military Industrial Complex Targeted the Amash Amendment

New Hampshire Town Sues Over Meter Feeding

"A group of residents in Keene, New Hampshire thought the city was gaining a bad reputation for its predatory parking meter enforcement and decided to do something about it. The organized an effort to regularly feed coins into the meters so that other residents and visitors could avoid having an expensive ticket slapped on their windshield. Instead, they receive a card telling them that Robin Hood and the Merry Men have 'saved you from the king's tariff.' As a reward for their generosity, the city is suing the Robin Hooders for civil conspiracy to interfere with a contract. A hearing on the case is scheduled for August 12." Continue reading →

Continue ReadingNew Hampshire Town Sues Over Meter Feeding

European envoy meets with Egyptian ex-president Morsi

"Egypt’s rulers allowed an EU envoy to meet deposed President Mohamed Mursi, the first time an outsider was given access to him since the army overthrew him and jailed him a month ago, and she said she found him in good health. The White House, treading a fine line with a pivotal Arab ally that it funds with $1.3 billion a year in military aid, said on Monday it 'strongly condemns' Saturday’s bloodshed, and urged respect for the right to peaceful protest. 'Violence not only further sets back the process of reconciliation and democratization in Egypt, but it will negatively impact regional stability,' spokesman Josh Earnest said." Continue reading →

Continue ReadingEuropean envoy meets with Egyptian ex-president Morsi

Mass jail break in Pakistan as Taliban gunmen storm prison to free 250 inmates

"The attack in the city of Dera Ismail Khan showed the ability of the al Qaeda-linked Pakistani Taliban to strike at the heart of Pakistan’s heavily guarded prison system and walk away with dozens of senior Taliban fighters and commanders. The overnight assault on the Central Prison took place despite reports that regional officials had received intelligence days, if not weeks, ago suggesting such an attack was imminent. Officials blamed a combination of negligence and lack of communication among Pakistan’s many security agencies, but some suggested there may have been a degree of insider help." Continue reading →

Continue ReadingMass jail break in Pakistan as Taliban gunmen storm prison to free 250 inmates

Bitcoin industry leaders launch DATA, a self-regulatory body for digital currencies

"The Committee for the Establishment of the Digital Asset Transfer Authority will 'work proactively with regulators and policymakers to adapt their requirements to our technologies and business models,' said the new group, in an announcement earlier today. The list of backers is a Who’s Who of players in bitcoin. Tony Gallipi, CEO of payment processor BitPay, Chris Larsen, CEO of Ripple and founder of OpenCoin, and Patrick Murck, general counsel for the Bitcoin Foundation, are on board. TradeHill CEO Jered Kenna, who has been negotiating licenses with individual states for his high-net worth bitcoin exchange, is also a member." Continue reading →

Continue ReadingBitcoin industry leaders launch DATA, a self-regulatory body for digital currencies

Don’t Let Bitcoin Morph into Govcoin

"Recently, Govcoin has become a metaphor for alterations to the core bitcoin protocol that reduce its fungibility, irreversibility or privacy to conform to certain government specifications for an 'appropriate' digital currency. The Consumer Financial Protection Bureau has not yet confirmed to what extent the implementation of Regulation E by money transmitters will be applicable to licensed virtual currency providers. Also known as the Remittance Transfer Rule, compliance will be required by Oct. 28. It requires, among other items, prepayment disclosure, transaction receipts, and transaction cancellation within prescribed time limits." Continue reading →

Continue ReadingDon’t Let Bitcoin Morph into Govcoin

Glenn Greenwald: Major opinion shifts, in the US and Congress, on NSA surveillance and privacy

"Pew finds that 'a majority of Americans – 56% – say that federal courts fail to provide adequate limits on data the government is collecting as part of its anti-terrorism efforts.' And 'an even larger percentage (70%) believes that the government uses this data for purposes other than investigating terrorism.' Moreover, '63% think the government is also gathering information about the content of communications.' That demonstrates a decisive rejection of the US government's three primary defenses of its secret programs. Overall, 47% say their greater concern about government anti-terrorism policies is that they have gone too far." Continue reading →

Continue ReadingGlenn Greenwald: Major opinion shifts, in the US and Congress, on NSA surveillance and privacy

Ron Paul: A House Divided Over NSA Spying on Americans

"Taken together, the NSA's Maryland headquarters and its newly built enormous data center in Utah will be seven times larger than the Pentagon! Over the last week we have seen two significant prison-breaks, one in Iraq, where some 500 al-Qaeda members broke out of the infamous Abu Ghraib prison, which the US built, and another 1,000 escaped in a huge break in Benghazi, Libya – the city where the US Ambassador was killed by the rebels that the US government helped put in power. Did the US intelligence community, focused on listening to our phone calls, not see this real threat coming?" Continue reading →

Continue ReadingRon Paul: A House Divided Over NSA Spying on Americans

Glenn Greenwald: Low-level NSA analysts can spy on Americans

"The NSA keeps trillions of telephone calls and emails in their databases which they can access anytime, he said. 'And what these programs are, are very simple screens, like the ones that supermarket clerks or shipping and receiving clerks use, where all an analyst has to do is enter an email address or an IP address, and it does two things. It searches that database and lets them listen to the calls or read the emails of everything that the NSA has stored, or look at the browsing histories or Google search terms that you’ve entered, and it also alerts them to any further activity that people connected to that email address or that IP address do in the future.'” Continue reading →

Continue ReadingGlenn Greenwald: Low-level NSA analysts can spy on Americans

Amazon Hiring 5,000 in Warehouses to Meet Customer Demand

"Amazon.com Inc. (AMZN) is boosting staff in 17 U.S. warehouses, adding more than 5,000 full-time jobs to meet brisk demand for products sold by the world’s biggest Web retailer. The new hires will join more than 20,000 employees working at Amazon’s more than three dozen U.S. fulfillment centers, the Seattle-based company said in a statement today. Amazon is also hiring 2,000 customer-service staff, including part-time and seasonal workers. The retailer plans to open five more facilities this year, after adding 20 last year. Median pay is 30 percent higher than 'people who work in traditional retail stores,' the company said." Continue reading →

Continue ReadingAmazon Hiring 5,000 in Warehouses to Meet Customer Demand