Mainstream News

Obama accepts resignation of IRS acting chief over ‘inexcusable’ tea party scandal

"Barack Obama fired the most senior tax official in the US on Wednesday in an effort to bring a speedy end to a scandal over the targeting for special scrutiny of Tea Party organisations and other conservative groups. The president said that the acting commissioner, Steven Miller, was asked to resign and that Miller had done so. Miller’s sacking followed an independent report by the Treasury’s inspector general, which found that the conduct in the IRS office in Cincinnati had been 'inappropriate'. Officials had picked out groups with the words Tea Party or Patriots in their titles and subjected their requests for tax-exempt status to extra scrutiny." Continue reading →

Continue ReadingObama accepts resignation of IRS acting chief over ‘inexcusable’ tea party scandal

The Feds Are Cracking Down On Mt. Gox (Not On Bitcoin)

"It’s important to note here that Homeland Security is not cracking down on Bitcoin itself, just on how it’s being exchanged by Mt. Gox. This is actually good news for Mt. Gox’s US-based competitors, such as Seattle-based CoinLab and San Francisco-based Coinbase, Bitcoin exchanges that have registered with the Treasury Department as money transmitters and thus are in the legal clear to conduct Bitcoin $ exchanges. Mt. Gox’s legal troubles don’t seem to be affecting the value of Bitcoin, which has been hovering in the $115 range for the last week." Continue reading →

Continue ReadingThe Feds Are Cracking Down On Mt. Gox (Not On Bitcoin)

Granite State ‘Bitcom’ trio counting on virtual currency Bitcoin

"Their invention, the Bitcoin Machine, is gaining widespread attraction within the community of Bitcoin users after its debut at the third international Bitcoin conference, 'The Future of Payments,' in San Jose, Calif., May 17-19. The machine allows users to insert currency into a bill validator, a common component of any vending machine. The machine calculates the value of the currency and displays a QB code (those fancy bar codes that mobile devices can read). Customers 'read' the QB code with their mobile device, and Bitcoins are deposited into their virtual 'wallet' based on the value of Bitcoin per dollar at that moment." Continue reading →

Continue ReadingGranite State ‘Bitcom’ trio counting on virtual currency Bitcoin

Donations, lobbying by high-speed traders on the rise

"High-frequency trading firms increased their campaign contributions to federal lawmakers by 673 percent from the 2008 to the 2012 election cycle, according to a report that sheds light on their political connections in Washington and efforts to impact policymaking. It compiles the campaign and lobbying records for 48 different firms like Citadel Investments, Getco, Knight Capital (KCG.N), Virtu Financial LLC and Tradeworx which engage in high-speed trading, a strategy that uses lightning-fast computers to search for ways to take advantage of tiny price moves in the marketplace." Continue reading →

Continue ReadingDonations, lobbying by high-speed traders on the rise

Cables reveal American diplomats lobbied aggressively overseas for genetically modified food crops

"The review of more than 900 diplomatic cables by the campaign group Food and Water Watch showed a carefully crafted campaign to break down resistance to GM products in Europe and other countries, and so help promote the bottom line of big American agricultural businesses. The cables, which first surfaced with the Wikileaks disclosures two years ago, described a series of separate public relations strategies, unrolled at dozens of press junkets and biotech conferences, aimed at convincing scientists, media, industry, farmers, elected officials and others of the safety and benefits of GM products." Continue reading →

Continue ReadingCables reveal American diplomats lobbied aggressively overseas for genetically modified food crops

New Hampshire city suing ‘Robin Hood’ for paying parking meters of strangers

"The six 'Robin Hooders' named in the suit troll downtown Keene — often tracking parking enforcement officers — in search of cars parked at expired meters. When they find one, they pay the meter and slip notes under the windshield wiper of the vehicle that says: 'Your meter expired; however, we saved you from the king’s tariffs, Robin Hood and his Merry Men. Please consider paying it forward.' The note includes an address where people can send donations for the effort. The city claims in the lawsuit that the 'Robin Hooders' are causing the city’s three parking enforcement officers so much anxiety and distress that they’ve considered leaving their jobs." Continue reading →

Continue ReadingNew Hampshire city suing ‘Robin Hood’ for paying parking meters of strangers

Florida quietly shortened yellow lights, resulting in millions in additional red light camera fines

"A subtle, but significant tweak to Florida's rules regarding traffic signals has allowed local cities and counties to shorten yellow light intervals, resulting in millions of dollars in additional red light camera fines. The 10 News Investigators discovered the Florida Department of Transportation (FDOT) quietly changed the state's policy on yellow intervals in 2011, reducing the minimum below federal recommendations. The rule change was followed by engineers, both from FDOT and local municipalities, collaborating to shorten the length of yellow lights at key intersections, specifically those with red light cameras (RLCs)." Continue reading →

Continue ReadingFlorida quietly shortened yellow lights, resulting in millions in additional red light camera fines

U.S. Army investigates sexual assault prevention officer for sex abuse

"The unnamed Army sergeant first class had been assigned as an Equal Opportunity Advisor and Sexual Harassment/Assault Response and Prevention (SHARP) program, according to the Army. He was immediately suspended from his position once the allegations were made, but has not been charged yet. The alleged incident or incidents involved pandering, abusive sexual contact, assault, and maltreatment. The investigation came just a week after an Air Force sexual assault prevention officer was arrested for drunkenly assaulting a woman in a parking lot." Continue reading →

Continue ReadingU.S. Army investigates sexual assault prevention officer for sex abuse

Shootings by Philly police soar as violent crime plummets

"The number of violent crimes fell last year in Philadelphia, as did assaults on police officers. But the number of people shot by police is up. Way up. The number of shootings by police in 2012 resulting in death or injury climbed to the highest level it’s been in 10 years. Philadelphia police shot 52 suspects last year while responding to calls for reported crimes. Of those shot, 15 people died. And the city's own police watchdog says the department hasn't provided a reason for the increase. The Police Advisory Commission has been repeatedly blocked in its efforts to review shootings." Continue reading →

Continue ReadingShootings by Philly police soar as violent crime plummets

New York Fire Department Rescues Cop Stuck in Tree Trying to Rescue Cat

"Firefighters had to rescue an NYPD officer stuck in a tree after the cop climbed up to try and save a cat Monday in Queens. The FDNY responded with a tower ladder and found the officer and the cat about 30 feet up in the tree. Both were rescued 'safe and sound,' FDNY says. 'It was kind of comical,' said neighbor Jeff Yu. 'They seemed to be enjoying themselves. There were no rude comments or anything.' The officer had lit a flare and set up cones on the ground underneath the tree before going up but onlookers ignored them as they gathered and gawked from the ground, said Yu." Continue reading →

Continue ReadingNew York Fire Department Rescues Cop Stuck in Tree Trying to Rescue Cat