Mainstream News

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

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

Enforcement of immigration laws could be making human trafficking tougher to detect

"The threat of arrest and deportation is a common tool traffickers use to control their victims, experts say. Even those immigrants who arrive on a legitimate work-related visa have become trafficking victims. These visas usually bind the worker to an employer, who can hold that requirement over their head and even become their trafficker. 'If employment ends, then so does visa status,' says Avaloy Lanning, a senior director at Safe Horizon, a New York-based victim's services agency. 'The trafficker uses that against them, [saying], if you run then you're going to be illegal, then immigration is going to pick you up, arrest you and deport you.'" Continue reading →

Continue ReadingEnforcement of immigration laws could be making human trafficking tougher to detect

In cash-strapped Detroit, few critics question new sports arena funding

"The Tigers’ home stadium Comerica Park, which opened in 2000, was built at a cost of $300 million, 38 percent of which was publicly financed. Ford Field, the Lions’ domed stadium, was built next door to Comerica and opened in 2002 at a cost of $430 million, 36 percent of which was publicly financed. A state board recently approved issuing bonds to help pay for a new arena for the Red Wings at the heart of a proposed 45-block entertainment district just north of downtown. The total project is slated to cost $650 million. About 44 percent of the project would be financed through public sources." Continue reading →

Continue ReadingIn cash-strapped Detroit, few critics question new sports arena funding

America’s public finances: The Unsteady States of America

"Detroit’s population has fallen by 60% since 1950. The murder rate is 11 times the national average. The previous mayor is in prison. Shrubs, weeds and raccoons have reclaimed empty neighbourhoods. The debts racked up when Detroit was big and rich are unpayable now that it is smaller and poor. Though some of its woes are unique, a crucial one is not. Many other state and city governments across America have made impossible-to-keep promises to do with pensions and health care. Detroit shows what can happen when leaders put off reforming the public sector for too long." Continue reading →

Continue ReadingAmerica’s public finances: The Unsteady States of America

Federal Reserve expected to stay the course on near-zero interest rate

"Markets appeared to ignore his assertion that the Fed’s key federal funds rate, at 0.0-0.25 percent since December 2008, would not rise before 2015. Interest rates jumped more than a full percentage point in two months, pushing mortgage rates suddenly higher, raising concerns they could snuff out the housing market recovery, one of the few bright spots in the sluggish economy. In later comments, particularly two days of twice-yearly testimony to Congress in mid-July, Bernanke sought to assure markets that the near-zero interest rate would stay put for a while, given the 'weak' economy. 'If we were to tighten policy, the economy would tank,' he told lawmakers." Continue reading →

Continue ReadingFederal Reserve expected to stay the course on near-zero interest rate

BMW takes ‘great leap forward’ into electric car market

"BMW on Monday took the bold strategic step of revealing its first all-electric car, and said it plans to clinch a significant share of a market still in its infancy. The series-produced model will go on sale in Europe in November to be followed in the United States, China, Japan and several other markets in the first half of 2014. It will hit the German market at a price of 34,950 euros ($46,438) and has a range of 130 to 160 kilometres (about 80 to 100 miles). The Munich-based company trumpeted technological features of the model, which can seat four, including a carbon fibre passenger cell to help offset the weight of the batteries and an aluminium chassis." Continue reading →

Continue ReadingBMW takes ‘great leap forward’ into electric car market

New York offers latest luxury: Five-star ‘outdoor bedroom’ atop skyscraper

"In the concrete jungle of New York City, where open sky can be hard to find, the latest luxury offering is a night under the stars — or, under twinkling city lights, at least. For the not-so-insignificant price of $1,995 (1,500 euros) a night, the AKA Central Park promises a five star 'outdoor bedroom,' 17 floors up, complete with a queen-size bed, candle-lit dinner, fireplace, romantic snacks, and a giant telescope to admire the stars in the city that never sleeps. To the strains of live jazz guitar, Brazilians, Australians, Emiratis, and even New Yorkers spend the night doing what travel agents call urban 'glamping' — short for 'glamorous camping.'" Continue reading →

Continue ReadingNew York offers latest luxury: Five-star ‘outdoor bedroom’ atop skyscraper

Economist Withdraws Bank of Israel Candidacy

"One of Israel's top economists on Monday withdrew his candidacy as head of the central bank over an old shoplifting case. The incident happened in a Hong Kong airport seven years ago. Jacob Frenkel told Israeli media he mistakenly thought his companion paid for an item he was carrying. A committee reviewing his appointment raised questions about the incident, and Frenkel decided to withdraw his candidacy. Frenkel did not report the incident to the committee." Continue reading →

Continue ReadingEconomist Withdraws Bank of Israel Candidacy

US judge says ex-AIG CEO can depose Bernanke over bailout

"Federal Reserve Chairman Ben Bernanke should testify in the lawsuit by American International Group Inc's former chief Maurice 'Hank' Greenberg against the United States over the insurer's 2008 bailout, a judge ruled on Monday. Judge Thomas Wheeler of the U.S. Court of Federal Claims rejected the government's effort to keep Bernanke from being deposed, saying the Fed chairman was a 'central figure' in the decision to bail out AIG. 'Indeed, the court cannot fathom having to decide this multi-billion dollar claim without the testimony of such a key government decision maker,' Wheeler wrote." Continue reading →

Continue ReadingUS judge says ex-AIG CEO can depose Bernanke over bailout