Mainstream News

Elizabeth Warren says Janet Yellen a ‘terrific’ choice to succeed Bernanke

"Rebel Democrats on Monday threw their weight behind a growing campaign for Janet Yellen to take over the US Federal Reserve, as their successful revolt against White House pick Larry Summers emboldened those calling for tougher policy toward Wall Street. Investors were betting that Yellen would look more favorably on the continuation of the Fed’s massive financial stimulus programme, known as quantitative easing (QE). Yellen has backed Bernanke in his plans to extend the $85bn-a-month bond-buying programme that is aimed at stimulating the economy and keeping interest rates down. Summers had been perceived as being more critical." Continue reading →

Continue ReadingElizabeth Warren says Janet Yellen a ‘terrific’ choice to succeed Bernanke

Government consumer credit card data-mining program challenged

"Consumer Financial Protection Bureau officials are seeking to monitor four out of every five U.S. consumer credit card transactions this year — up to 42 billion transactions – through a controversial data-mining program, according to documents obtained by the Washington Examiner. In addition, CFPB officials hope to monitor up to 95 percent of all mortgage transactions, according to the planning document. CFPB Director Richard Cordray defended the data-mining practice and said his agency is monitoring credit card usage at 110 banks, including Morgan Chase, Bank of America, Capital One, Discover and American Express." Continue reading →

Continue ReadingGovernment consumer credit card data-mining program challenged

Minnesota Obamacare exchange disclosed personal info of at least 2,400

"While MNsure officials said the mistake was quickly resolved and was the first security breach, the incident highlights concerns of those who have hounded the state for years about privacy issues surrounding the online-based health insurance exchanges. The new marketplaces are a key vehicle for implementing the federal health law, often called Obamacare. Users of the exchange will need to provide sensitive information, including Social Security numbers, that will be sent to a federal hub to verify such things as citizenship and household income. This information will determine whether consumers using MNsure qualify for public health programs or tax credits that will lower premiums." Continue reading →

Continue ReadingMinnesota Obamacare exchange disclosed personal info of at least 2,400

Google Street View driver in triple hit and run crash in Indonesia

"A driver collecting video data for internet giant Google’s Street View feature in Indonesia slammed into two vehicles after trying to flee responsibility for an earlier crash, police said Saturday. The Indonesian man had been driving a Subaru hatchback in Bogor district on the outskirts of the capital, Jakarta, on Wednesday with Google’s logo and a camera poking from the roof, when he hit a public minivan. The minivan driver got in his vehicle, Gunawan said, and gave chase for around three kilometres (around two miles), before the Google car smashed into a second minivan. 'He tried to flee again, but soon crashed into a parked truck before he gave up,' Gunawan said." Continue reading →

Continue ReadingGoogle Street View driver in triple hit and run crash in Indonesia

Google Glass looks silly now, but we’ll all be wearing mini-computers soon

"Add new sensors, as well as imaginative software, into these mini-computers and the impact could be significant. Non-invasive blood testing will soon be a reality, transformative for diabetics who will no longer have to puncture themselves several times a day, as well as those who have to monitor cholesterol. Health apps will be able to monitor those blood test results, and sync with the restaurant as the wearer walks in, to suggest the most suitable low-GI or low-cholesterol meal. The behavioural implications could be profound, but we need to be interested in understanding and exploring the potential so that we are ready for the debate about who has access to this data." Continue reading →

Continue ReadingGoogle Glass looks silly now, but we’ll all be wearing mini-computers soon

Glenn Greenwald: Inside the mind of NSA chief Gen Keith Alexander

"Now, on the website of DBI Architects, Inc. of Washington and Reston, Virginia, there are what purports to be photographs of the actual Star-Trek-like headquarters commissioned by Gen. Alexander that so impressed his Congressional overseers. It's a 10,740 square foot labyrinth in Fort Belvoir, Virginia. The brochure touts how 'the prominently positioned chair provides the commanding officer an uninterrupted field of vision to a 22'-0' wide projection screen'. Its "primary function is to enable 24-hour worldwide visualization, planning, and execution of coordinated information operations for the US Army and other federal agencies.'" Continue reading →

Continue ReadingGlenn Greenwald: Inside the mind of NSA chief Gen Keith Alexander

How the NSA Spies on Smartphones Including the BlackBerry

"For an agency like the NSA, the data storage units are a goldmine, combining in a single device almost all the information that would interest an intelligence agency: social contacts, details about the user's behavior and location, interests (through search terms, for example), photos and sometimes credit card numbers and passwords. According to the documents, it set up task forces for the leading smartphone manufacturers and operating systems. Specialized teams began intensively studying Apple's iPhone and its iOS operating system, as well as Google's Android mobile operating system. Another team worked on ways to attack BlackBerry." Continue reading →

Continue ReadingHow the NSA Spies on Smartphones Including the BlackBerry

‘Follow the Money’: NSA Spies on International Payments, Banking, Cards

"The National Security Agency (NSA) widely monitors international payments, banking and credit card transactions. The spying is conducted by a branch called 'Follow the Money' (FTM). The collected information then flows into the NSA's own financial databank, called 'Tracfin,' which in 2011 contained 180 million records. Some 84 percent of the data is from credit card transactions. Further NSA documents from 2010 show that the NSA also targets the transactions of customers of large credit card companies like VISA for surveillance. The NSA's Tracfin data bank also contained data from SWIFT, a network used by thousands of banks to send transaction information securely." Continue reading →

Continue Reading‘Follow the Money’: NSA Spies on International Payments, Banking, Cards

Students say they will continue protesting ‘war criminal’ David Petraeus

"Students at the City University of New York have said they will continue protesting against David Petraeus and pledged to 'make his time in New York a living hell' after a video emerged showing the former general being hounded as he left the university on Monday. Petraeus, who served as commanding general in Iraq, overseeing all coalition forces in the country, is teaching a course titled 'Are We On the Threshold of the North American Decade?' Hunter College professor Sandor John, who helped organise the protest, told CNN that 'a lot of our students are from countries that have been targeted by the United States'. He added: 'We don’t want someone like him on campus.'" Continue reading →

Continue ReadingStudents say they will continue protesting ‘war criminal’ David Petraeus

South Korean troops kill man trying to swim North

"South Korean troops shot dead a man trying to swim across a border river into North Korea on Monday after he ignored repeated warnings to turn back, the defence ministry said. The spokesman said Nam was believed to have been trying to defect to the North, and had jumped into the river with a flotation device to help him get across. Hours before the shooting, hundreds of South Korean factory supervisors drove across a nearby border crossing into North Korea after both sides agreed to reopen a joint industrial zone shut down in April." Continue reading →

Continue ReadingSouth Korean troops kill man trying to swim North