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Nazi hunters call on Twitter to crack down on terrorists

"A Nazi-hunting group has urged Twitter and other social media to step up efforts to remove online 'hate speech,' citing a surge in incitement to attacks like the recent Boston bombings. The Simon Wiesenthal Center said Twitter has spawned nearly 20,000 hashtags and handles this year that are linked to terrorism and extremism, up 30 percent in the past year. A Twitter spokesman said in a statement sent to AFP that the company does not 'mediate content or intervene in disputes between users.' Twitter's TOS state that it is not responsible for content posted, but that users 'may not publish or post direct, specific threats of violence against others.'" Continue reading →

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DOJ: We don’t need warrants for e-mail, Facebook chats

"The U.S. Department of Justice and the FBI believe they don't need a search warrant to review Americans' e-mails, Facebook chats, Twitter direct messages, and other private files, internal documents reveal. Government documents obtained by the American Civil Liberties Union and provided to CNET show a split over electronic privacy rights within the Obama administration, with Justice Department prosecutors and investigators privately insisting they're not legally required to obtain search warrants for e-mail." Continue reading →

Continue ReadingDOJ: We don’t need warrants for e-mail, Facebook chats

Gun Violence in the USA Has Declined for 20 Years

"Gun violence has been falling in the United States for two decades. Between 1993 and 2010, the gun homicide rate fell by 49%. The public does not perceive this, thanks to media attention to specific cases of gun violence. Rates for all categories of violence have fallen. This includes gun violence. The same study revealed that 56% of those surveyed believe that gun violence is worse today than in 1993. Another 26% think it is about the same. Only 12% think it has declined. What about mass shootings? These account for 1% of all homicides. But stories about them attract readers. The public is uninformed. This comes as no surprise." Continue reading →

Continue ReadingGun Violence in the USA Has Declined for 20 Years

In Argentina, More Official Lying About Basic Economic Facts

"How much inflation is there? Who can buy dollars legally? Who really runs the economy? Last Friday these questions tripped up Angel Toninelli, one of the directors general of the Administración Federal de Ingresos Públicos, the national tax agency. Toninelli admitted that he did not really understand the inner workings of the approval process for obtaining foreign currency to travel abroad. 'It is a formula that changes periodically,' he said in answer to a question. 'It contains ingredients that come from the central bank, the A.F.I.P., and others that come from God,” he explained, adding, 'It isn’t the Coca-Cola formula, but it’s very similar.'" Continue reading →

Continue ReadingIn Argentina, More Official Lying About Basic Economic Facts

Bank Of Korea Delivers The Latest Surprise Interest Rate Cut This Week

"The Bank of Korea just unexpectedly cut its key interest rate to 2.5% from 2.75%. This is pretty remarkable, considering that market economists have already been surprised by two other central bank rate cuts this week. On Monday, the Reserve Bank of Australia unexpectedly lowered its key interest rate to 2.75% from 3%. Earlier Wednesday, the National Bank of Poland unexpectedly cut its key interest rate to 3% from 3.25%. These three surprise rate cuts follow the ECB and the Reserve Bank of India last week. Global growth slowdown, 'currency wars,' etc. – call it whatever you'd like, but it seems to really be getting going now." Continue reading →

Continue ReadingBank Of Korea Delivers The Latest Surprise Interest Rate Cut This Week

Chinese Women Aren’t Taking Buffett’s Advice on Gold

"In China, where gold has long been a national obsession, a mid-April record crash in global gold prices has been seen as an unprecedented buying opportunity. According to reports in China, Chinese have purchased 300 tons of gold worth more than $16 billion since the crash. Photos of crowds packing jewelry shops and emptying their shelves are now regular features in the news media. China’s voracious appetite for gold is long-standing. At Chinese jewelry stores, the spot price for gold is always prominently displayed. Calculators and scales are never out of a customer’s reach." Continue reading →

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China Opens New Front in Currency War as Yuan Speculation Distorts Export Data

"The move came as April exports blew past expectations, which appeared on the surface to indicate that both China's economy and global demand were on the mend. But economists were quick to suspect the figures were artificially inflated by investors who were disguising speculative bets on the yuan currency as trade payments. Faced with the risk that such inflows could cause the yuan to appreciate so quickly that it destabilizes exports and the broader economy, the People's Bank of China (PBOC) has begun intervening heavily in the domestic currency market this year, buying up dollars and selling yuan." Continue reading →

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Eric Holder defends prosecution against Megaupload founder Kim Dotcom

"US Attorney General Eric Holder on Thursday denied allegations from Kim Dotcom that the prosecution against the Internet tycoon was launched to appease Hollywood moguls concerned about online piracy. Holder rejected the accusation, saying intellectual property theft was 'something that we take very seriously'. 'That’s not true,' he told Radio New Zealand when asked if the administration was pressing the prosecution to keep Hollywood on side." Continue reading →

Continue ReadingEric Holder defends prosecution against Megaupload founder Kim Dotcom

U.S. citizens ditch passports in record numbers

"The latest bold-faced names to relinquish their U.S. citizenship include Mahmood Karzai, a brother of Hamid Karzai, the president of Afghanistan, according to federal data released Wednesday. Also on the list, published quarterly by the Internal Revenue Service, is Isabel Getty, the daughter of jet-setting socialite Pia Getty and Getty oil heir Christopher Getty. In total, more than 670 U.S. passport holders gave up their citizenship -- and with it, their U.S. tax bills -- in the first three months of this year. That is the most in any quarter since the I.R.S. began publishing figures in 1998." Continue reading →

Continue ReadingU.S. citizens ditch passports in record numbers