Mainstream News

Private Investor and Trader Joe Lewis Not Backing Bitcoin Ventures, Contra WSJ

"Noted private investor and trader Joe Lewis is not backing any Bitcoin ventures, as previously reported today. 'I have no investments whatsoever in any Bitcoin ventures,' said Lewis. A story widely reported in several publications inaccurately stated that Lewis is supporting the virtual currency through Phoenix Fund, a fund with no affiliation to Lewis or Tavistock Group. 'Unfortunately, many immature investments and investors would like the association of private investors like Joe Lewis. They bring instant credibility,' said Douglas McMahon, senior managing director of Tavistock Group, a private investment organization founded by Lewis." Continue reading →

Continue ReadingPrivate Investor and Trader Joe Lewis Not Backing Bitcoin Ventures, Contra WSJ

Norway Gets U.S. Help Chasing Citizens Dodging Income Taxes

"Federal courts in six states have allowed the Internal Revenue Service to issue summonses to U.S. banks at the request of the Norwegian government, and the banks may now have to give up information on people who used some kinds of credit and debit cards. The development signals increasing cooperation between governments to stop offshore tax evasion. The U.S. Foreign Account Tax Compliance Act may lead to dozens of agreements between countries to exchange information on bank accounts. The development is significant because the U.S. government went to federal court in eight states at Norway (NOUE)’s request." Continue reading →

Continue ReadingNorway Gets U.S. Help Chasing Citizens Dodging Income Taxes

Ranch House Near Reno is a Thriving Tax Haven, and It’s Not Alone

"Shielding assets from the tax man or from overly inquisitive regulators is a time-honored strategy for the wealthy. Some turn to secretive financial havens like Switzerland or the Cayman Islands. Or there’s always Fernley, Nevada. [There] you will find the unassuming home of businessman Robert Harris, 65, who describes himself as a former bartender with an eighth grade education. The house is also home to some 2,400 Nevada corporations, all registered to Harris’ address. For a little extra money, Harris offers what he calls 'Ultimate Asset Protection,' which includes a 'virtual office with phone message and fax forwarding.'" Continue reading →

Continue ReadingRanch House Near Reno is a Thriving Tax Haven, and It’s Not Alone

Turkish court imprisons dozens over alleged ‘plot’ to overthrow government

"A Turkish court on Monday sentenced a former military chief to life in prison and dozens of others including opposition members of parliament to long terms for plotting against the government, in a trial that has exposed deep divisions in the country. Retired military chief of staff General Ilker Basbug was sentenced to life for his role in the 'Ergenekon' conspiracy to overthrow the government of Prime Minister Tayyip Erdogan. Announcing verdicts on the nearly 300 defendants in the case, the judges also sentenced three serving parliamentarians from the opposition Republican People’s Party (CHP) to between 12 and 35 years in prison." Continue reading →

Continue ReadingTurkish court imprisons dozens over alleged ‘plot’ to overthrow government

State Department: Bradley Manning had ‘chilling effect’ on foreign relations

"'Every single embassy' was affected, said Undersecretary of State for Management Patrick Kennedy, who warned about long-term consequences of Manning’s 2010 leaks to the anti-secrecy website WikiLeaks. The unauthorized releases made foreign diplomats, business leaders and other information sources 'reticent to provide their full and frank opinions and share them with us,' he said. Most of the leaked diplomatic cables originated after 2005, when a new information-sharing system was adopted to address intelligence failings exposed by the attacks of September 11, 2001." Continue reading →

Continue ReadingState Department: Bradley Manning had ‘chilling effect’ on foreign relations

Justin Amash vs Former NSA Head General Michael Hayden 8/4/13

"Amash cautions that you need to have actual facts to support allegations, and in the meanwhile, he'd favor focusing on what previously unknown information is now known to Americans. 'Members of Congress were on the whole not aware of what these programs were being used for,' he says, and in that respect, he considers him a 'whistleblower' for the time being. 'He may be doing things overseas that we'll find to be problematic or dangerous, we'll find those facts out over time,' he says, 'but as far as Congress is concerned, sure, he's a whistleblower. He told us what we needed to know.'" Continue reading →

Continue ReadingJustin Amash vs Former NSA Head General Michael Hayden 8/4/13

How the U.S. DEA program differs from recent NSA revelations

"Reuters has uncovered previously unreported details about a separate program, run by the U.S. Drug Enforcement Administration, that extends well beyond intelligence gathering. Its use, legal experts say, raises fundamental questions about whether the government is concealing information used to investigate and help build criminal cases against American citizens. The DEA program is run by a secretive unit called the Special Operations Division, or SOD. Here is how NSA efforts exposed by Snowden differ from the activities of the SOD." Continue reading →

Continue ReadingHow the U.S. DEA program differs from recent NSA revelations

Secretive DEA unit told to cover-up massive spy program used to investigate Americans

"A secretive U.S. Drug Enforcement Administration unit is funneling information from intelligence intercepts, wiretaps, informants and a massive database of telephone records to authorities across the nation to help them launch criminal investigations of Americans. Although these cases rarely involve national security issues, documents reviewed by Reuters show that law enforcement agents have been directed to conceal how such investigations truly begin – not only from defense lawyers but also sometimes from prosecutors and judges." Continue reading →

Continue ReadingSecretive DEA unit told to cover-up massive spy program used to investigate Americans

Other Agencies Clamor for Data N.S.A. Compiles

"The NSA's dominant role as the nation’s spy warehouse has spurred frequent tensions and turf fights with other federal intelligence agencies that want to use its surveillance tools for their own investigations, officials say. Agencies working to curb drug trafficking, cyberattacks, money laundering, counterfeiting and even copyright infringement complain that their attempts to exploit the security agency’s vast resources have often been turned down. Smaller intelligence units within the DEA, the Secret Service, the Pentagon and DHS have sometimes been given access to the security agency’s surveillance tools for particular cases." Continue reading →

Continue ReadingOther Agencies Clamor for Data N.S.A. Compiles

NSA defenders: embassy closures followed ‘pre-9/11 levels’ of ‘chatter’

"Saxby Chambliss, who was briefed by the vice president, Joe Biden, last week, said he believed the intelligence had been gathered by the NSA using foreign surveillance powers granted under section 702 of the Foreign Intelligence Surveillance Act. 'This is a good indication of why they [the surveillance powers] are so important,' he said. His defence of the NSA was echoed by another Republican, Lindsey Graham. Asked by CNN host Candy Crowley whether Americans were right to be frightened, senator Graham said: 'It is scary … the NSA programme is proving its worth yet again.'" Continue reading →

Continue ReadingNSA defenders: embassy closures followed ‘pre-9/11 levels’ of ‘chatter’