"Until Wells Fargo addresses shortcomings in areas including internal oversight, it can’t take any action that would boost total assets beyond their level at the end of 2017, without the Fed’s permission. The bank said after-tax profit in 2018 would be reduced by $300 million to $400 million and its stock slumped in late trading Friday."
"It’s like someone figured out how to monetize the awful Flash ads everyone used to hate for eating CPU cycles. A true win-win! And now it’s even hitting YouTube. TrendMicro has released an updated report, showing a sharp rise in ads served by Google’s DoubleClick service being infested with mining software. Like other attacks, this one uses a Javascript miner to mine Monero via Coinhive."
"Dozens of entrepreneurs, made newly wealthy by blockchain and cryptocurrencies, are heading en masse to Puerto Rico this winter. They are selling their homes and cars in California and establishing residency on the Caribbean island in hopes of avoiding what they see as onerous state and federal taxes on their growing fortunes, some of which now reach into the billions of dollars. They want to build a crypto utopia, a new city where the money is virtual and the contracts are all public, to show the rest of the world what a crypto future could look like. Blockchain, a digital ledger that forms the basis of virtual currencies, has the potential to reinvent society — and the Puertopians want to prove it."
"Clark County Nevada Coroner John Fudenberg is defying a court order to release the full autopsy report of Stephen Paddock, the shooter who caused the deadliest mass murder in the nation, killing 58 and wounding close to 700 people at a concert in Las Vegas. A judge ordered the coroner Jan. 11 to pay about $32,000 in legal costs to the Review-Journal for refusing to release public records to the newspaper."
"In Iraq, the U.S. morphed from heroic liberators into brutal occupiers within a matter of weeks. In Fallujah, which would later become an ISIS stronghold, U.S. troops opened fire on a crowd of peaceful protesters in April 2003, killing and wounding dozens of Iraqis. The shootings, the torture, the general chaos, all helped drive thousands of Iraqis from the minority Sunni community into the arms of radical groups led by brutal gangsters, such as Abu Musab al-Zarqawi. Zarqawi’s Al Qaeda in Iraq, formed in 2004 to fight U.S. troops and their local allies, was a precursor organization to … ISIS."
"Anyone who was paying attention during George W. Bush’s State of the Union addresses in 2002 and 2003 would have found Trump’s statements frighteningly familiar: Trump used exactly the same justifications for war with North Korea as Bush had for war with Iraq when standing at the same podium."
"Not only will the B-61's new modification make it ideal for destroying dug-in bunkers, the kind in which North Korean leader Kim Jong Un might hide during a conflict, but it has an adjustable nuclear yield that could limit harmful radioactive fallout after a nuclear attack."
"The 2018 NPR eschews traditional nuclear disarmament pathways in favor of a more aggressive posture that seeks to make nuclear weapons more accessible to American policymakers when formulating deterrence. The possibility of a tit-for-tat exchange of cyberattacks that escalates into a nuclear conflict would previously have been dismissed out of hand; today, thanks to the 2018 NPR, it has entered the realm of the possible."
"It was a bad moment for the US to stir the pot by saying it would stay in Syria and target Assad and Iran. A Kurdish-Turkish war in northern Syria will be a very fierce one. The US obsession with an exaggerated Iranian threat – about which, in any case, it cannot do much – makes it difficult for Washington to mediate and cool down the situation. Trump and his chaotic administration have not yet had to deal with a real Middle East crisis yet and the events of the last week suggest that they will not be able to do so."
"If I were to pick a single decision by an American president and his team in this century as our own August 1914, I would choose the invasion of Iraq in the spring of 2003. Of course, in that era of the 'sole superpower,' there were no other great powers (as in the World War I moment) ready to leap into the fray, so the unraveling that followed across a significant part of the planet would prove not to be a world war but a one-power hell on Earth. And it’s continued to unfold over nearly a decade and a half."