Mainstream News

America’s 14 Most Pissed-Off Comments on the TSA’s Airport Body Scanners

"TSA is getting rid of the most controversial scanners by this summer because the company that made them wasn't adequately protecting passenger privacy. The replacement scanners are supposed to offer more privacy by only showing a generic outline of passengers. Since late March, Americans have submitted over 3,000 comments to the TSA about the existing scanners and the planned change. Here are 14 of the most pissed off public comments submitted to TSA…and the one guy who loves them." Continue reading →

Continue ReadingAmerica’s 14 Most Pissed-Off Comments on the TSA’s Airport Body Scanners

Cop Attacks Special Needs Student For Not Having Shirt Tucked In

"A police officer slams a special needs student to the ground and puts him in a life threatening hold for not having his shirt tucked in. This is a perfect example of why we should never put police officers in our schools as suggested by the NRA." Continue reading →

Continue ReadingCop Attacks Special Needs Student For Not Having Shirt Tucked In

Karzai Says He Was Assured C.I.A. Would Continue Delivering Bags of Cash

"The use of the C.I.A. cash for payoffs has prompted criticism from many Afghans and some American and European officials, who complain that the agency, in its quest to maintain access and influence at the presidential palace, financed what is essentially a presidential slush fund. The practice, the officials say, effectively undercut a pillar of the American war strategy: the building of a clean and credible Afghan government to wean popular support from the Taliban. Instead, corruption at the highest levels seems to have only worsened." Continue reading →

Continue ReadingKarzai Says He Was Assured C.I.A. Would Continue Delivering Bags of Cash

Small-Town Mayor’s Millions as Exhibit A on Graft in Spain

"Investigators calculate that she and other family members accumulated about $24 million, mostly from shady land deals during Spain’s boom years. Searching her property, the police had to borrow a bill-counting machine from a local bank to help total up all the cash: $485,000. At a time when Spain, Italy, Greece and Portugal are imposing deficit-cutting austerity plans on their hard-pressed citizens, these revelations of widespread political corruption are stoking bitter resentment, destabilizing governments and undermining the credibility of the political class as a whole." Continue reading →

Continue ReadingSmall-Town Mayor’s Millions as Exhibit A on Graft in Spain

Draghi Says ECB Ready For Negative Interest Rates If Needed

"European Central Bank President Mario Draghi said policy makers are ready to cut interest rates again if needed after reducing them to a record low last week. The euro fell half a cent on the comment to $1.3057 and European stocks pared losses. The Frankfurt-based ECB on May 2 cut its benchmark rate by a quarter point to 0.5 percent, and Draghi said then that officials have an 'open mind' about taking the deposit rate, currently at zero, into negative territory." Continue reading →

Continue ReadingDraghi Says ECB Ready For Negative Interest Rates If Needed

Policy battle rages in China as slowdown feeds ‘sense of crisis’

"China's Caixin Magazine reports that there is a growing 'sense of crisis' not felt since the depths of the global banking crash in 2008-2009. The State-owned Assets Supervision and Administration Commission (SASAC) has assembled a team to 'protect economic growth' and pressure state companies to boost jobs at all costs. SASAC is the bastion of vested interests and controller of 115 state behemoths with assets above $6 trillion and lock on much of the economy. The move comes amid further signs that growth is faltering across all fronts. HSBC's gauge of Chinese services fell three points to 51.1 in April, the lowest in almost two years." Continue reading →

Continue ReadingPolicy battle rages in China as slowdown feeds ‘sense of crisis’

New Travel Accessory for Beijing: Gas Masks

"As I prepare for an upcoming trip to Beijing, both expat and Chinese friends have been sending me suggestions of the best gas mask to buy. An item considered rare or unnecessary as of late 2012 is now highly recommended for outdoor commutes during Beijing’s smoggiest days. But which mask should I use? In addition to buying face masks, people in China who can afford them are also picking up indoor air filters. Most office workers spend 80 percent of their time indoors, but Beijing’s poorly insulated buildings can’t fully keep the smog outside." Continue reading →

Continue ReadingNew Travel Accessory for Beijing: Gas Masks

Banks in Singapore agonize over rich clients in tax evasion clampdown

"The Southeast Asian city-state has grown into the world's fourth-biggest offshore financial center but, with U.S. and European regulators on the hunt for tax cheats, the government is clamping down to forestall the kind of onslaught from foreign authorities that is now hitting Switzerland's banks. Before July 1, all financial institutions in Singapore must identify accounts they strongly suspect hold proceeds of fraudulent or wilful tax evasion and, where necessary, close them. After that, handling the proceeds of tax crimes will be a criminal offence under changes to the city-state's anti-money laundering law." Continue reading →

Continue ReadingBanks in Singapore agonize over rich clients in tax evasion clampdown

U.S. Demands Wells Fargo Records To Identify Tax Cheats Using Caribbean Havens

"Opening yet another front in their war against offshore tax evasion, U.S. enforcers have served a 'John Doe' summons on Wells Fargo Bank requiring it to turn over records that could identify any U.S. taxpayers who held accounts from 2004 through 2012 at CIBC FirstCaribbean International Bank Limited (FCIB), which operates in 18 Caribbean countries, including such notorious tax havens as the Cayman Islands. Wells Fargo provides correspondent bank services to FCIB, so Wells would have served as a conduit for transfers to and from FCIB accounts to U.S. accounts, corporations and individuals." Continue reading →

Continue ReadingU.S. Demands Wells Fargo Records To Identify Tax Cheats Using Caribbean Havens