Mainstream News

Aereo could bring down broadcast TV

"Could it really turn out that a company with a seemingly loopy business model -- capturing over-the-air TV signals and streaming them to subscribers over the Internet -- will be the thing that finally brings down the American broadcasting industry? Quite possibly. Chase Carey, News Corp.'s (NWSA) chief operating officer, said Monday that if the company in question, Aereo, is allowed to continue, his company's Fox Broadcasting, and all its affiliate stations, will stop broadcasting over the air and go all-cable. Those other networks, though, along with PBS and Fox, are fighting hard to put Aereo out of business. But so far, they're losing their legal argument." Continue reading →

Continue ReadingAereo could bring down broadcast TV

Bitcoin ATMs coming soon

"42-year-old media entrepreneur Jeff Berwick hopes to bring Bitcoin ATMs to a city near you soon. Berwick expects to put the first two ATMs in Los Angeles and Cyprus in the next two weeks and is choosing between several different retail locations in both areas. He added that orders are coming in by the hundreds from 30 different countries. Berwick will charge roughly $10,000 to ATM operators to maintain the machines and then split fees with those operators. So far, Berwick has used his personal savings to develop the software and build out the first prototype. He is currently hoping to raise between $1 million and $3 million in outside capital." Continue reading →

Continue ReadingBitcoin ATMs coming soon

Sen. Chambliss: ‘We can’t just leave event security to communities’

"Chambliss did say that security around the country would have to change for large public events, including greater involvement by the federal government. 'This was a soft target. It was not a target that was able to be totally protected,' he said. 'This particular incident is going to cause the administration and Congress to evaluate our overall security programs around the country, particularly for major events. We can't leave it just to the communities that host these events to provide the security.'" Continue reading →

Continue ReadingSen. Chambliss: ‘We can’t just leave event security to communities’

Rogue Cop Assaults Elementary School Student

"When Officer David Bailey grabbed a 10-year-old student by the back of his head and slammed it into the school cafeteria table, it is safe to say that student was not free to leave. On that afternoon, Bailey decided that his routine beat on the streets of Southeast D.C. extended into the hallways of Moten Elementary School. Although Bailey was not a trained school resource officer contracted from the Metropolitan Police Department nor one of the three contract officers assigned to Moten at the time, his presence raised no red flags. Regular visits from the police in D.C. Public Schools had become ubiquitous." Continue reading →

Continue ReadingRogue Cop Assaults Elementary School Student

24 IRS workers in TN accused of theft

"First it was the families of dead people and state employees. Now, authorities say Internal Revenue Service employees in Tennessee were stealing unemployment and other benefits while fully employed. On Thursday, 13 of those employees were indicted on federal charges that they lied to get unemployment, food stamps, welfare and housing vouchers. An additional 11 have been indicted on state charges of theft greater than $1,000. In all, authorities say the workers improperly received more than $250,000 in government benefits." Continue reading →

Continue Reading24 IRS workers in TN accused of theft

CNBC: So Gold Crashed. Now What?

"These days it seems like everyone is running from gold as fast as they can. Bank of America just removed—perhaps a little late— its $2,000 price target. 'Gold capitulation: No current technical or fundamental support for gold prices,' Bank of America's headline blared. 'Even the most fierce gold bulls must be feeling sheepish after bullion tumbled its most in 30 years, raising questions about gold's value as part of an investor portfolio,' Reuters notes. You can almost smell the fear and loathing of the shiny metal. To some investors, however, the sound of the stampede is not a signal to run with the herd. It's a signal to start jogging the other way." Continue reading →

Continue ReadingCNBC: So Gold Crashed. Now What?

Hunt for Dollars Sends Argentines Into the ‘Cave’

"As the government restricts access to foreign currencies, Argentines seeking hard-to-get dollars have been pushed into cuevas, or caves—clandestine operations where customers pay dearly to exchange pesos for greenbacks. Buying dollars for savings is banned, and authorities make only small amounts of foreign currency available for travel abroad. Travelers must submit an online request to the national tax authority just days before leaving. Businesses need government approval to import equipment and materials at the cheap official exchange rate. Dollar-sniffing dogs are posted at border crossings to catch those traveling with undeclared currency." Continue reading →

Continue ReadingHunt for Dollars Sends Argentines Into the ‘Cave’

Drug czar: No state can nullify federal marijuana ban

"President Barack Obama’s drug czar toed a strict line on marijuana Wednesday, saying federal laws will prevail regardless of state-level efforts to legalize pot. Gil Kerlikowske said enforcement of the Controlled Substances Act of 1970 — which ranks marijuana as a Schedule One drug alongside heroin, LSD and ecstasy — remains in the hands of the US Department of Justice. 'No state, no executive can nullify a statute that has been passed by Congress,' the director of the White House Office of National Drug Control Policy told a National Press Club luncheon." Continue reading →

Continue ReadingDrug czar: No state can nullify federal marijuana ban

Drug czar: No state can nullify federal marijuana ban

"President Barack Obama’s drug czar toed a strict line on marijuana Wednesday, saying federal laws will prevail regardless of state-level efforts to legalize pot. Gil Kerlikowske said enforcement of the Controlled Substances Act of 1970 — which ranks marijuana as a Schedule One drug alongside heroin, LSD and ecstasy — remains in the hands of the US Department of Justice. 'No state, no executive can nullify a statute that has been passed by Congress,' the director of the White House Office of National Drug Control Policy told a National Press Club luncheon." Continue reading →

Continue ReadingDrug czar: No state can nullify federal marijuana ban

Drug czar: No state can nullify federal marijuana ban

"President Barack Obama’s drug czar toed a strict line on marijuana Wednesday, saying federal laws will prevail regardless of state-level efforts to legalize pot. Gil Kerlikowske said enforcement of the Controlled Substances Act of 1970 — which ranks marijuana as a Schedule One drug alongside heroin, LSD and ecstasy — remains in the hands of the US Department of Justice. 'No state, no executive can nullify a statute that has been passed by Congress,' the director of the White House Office of National Drug Control Policy told a National Press Club luncheon." Continue reading →

Continue ReadingDrug czar: No state can nullify federal marijuana ban