"The two main banks at the centre of Cyprus’s financial crisis further slashed the daily cash withdrawal limits from ATM machines on Sunday, state media reported. With queues growing outside cash machines across the island, Laiki (Popular) Bank cut maximum withdrawals at ATMs to 100 euros a day and the Bank of Cyprus reduced its limit to 120 euros a day, the Cyprus News Agency said." Continue reading →
"The company that developed 3D printed gun parts has announced plans to launch a new firm, dedicated to copyright-free blueprints for a range of 3D printable objects. The firm, Defcad, is the brainchild of Cody Wilson, law student and self-styled crypto-anarchist. Mr Wilson said the revolution which many predict 3D printing will bring about will only happen if it can be freed from corporate ties. The blueprints available on the site will be for 'important stuff', he said. 'Not trinkets, not garden gnomes but the things institutions and industries have an interest in keeping from us; access, medical devices, drugs, goods, guns.'" Continue reading →
"New York mayor Michael Bloomberg is bankrolling a $12m advertising blitz in a bid to pressure Congress into adopted stricter gun controls. The television ads are set to run in 13 key states during the congressional recess and are aimed at influencing an upcoming Senate vote on gun reforms. Meanwhile public opinion appears to be wavering. In the immediate aftermath of the Connecticut school massacre, some 52% of Americans were found to be in favour of major restrictions on guns. According to a CNN/ORC poll released last week, that number had dropped to 43%." Continue reading →
"American households are so strapped that only half could come up with $2,000 in cash if an unexpected need arose in the next month. You would think that savings levels would increase, but no. The percentage reporting saving anything for retirement is at 66 percent, down from 75 percent in 2009. In a little more than a decade, there will be a lot of older people who will run out of money. There will be stories written in 2025 about Joe Smith, 82, a retired autoworker, living in a flophouse on $2,100 a month in Social Security after his pension was cut off and his personal savings ran out, while his children, in their 60s themselves, moved 2,000 miles away." Continue reading →
"Taped Sept 3, 1970, this insightful economic conversation remains relevant today. Note Mr. Browne predicts that, 'as an act of economic desperation,' our government will have to 'renege on their promise to foreign governments to pay one ounce of gold for every $35 turned in at the Treasury.' On August 15, 1971, the Nixon Administration did so." Continue reading →
"Earlier this week, Reps. Jared Polis and Earl Blumenauer visited a marijuana dispensary. They were just blocks away from their congressional offices, and within months, certain D.C. residents will be able to come here to legally choose from more than a dozen strains of medical marijuana, from Master Kush to Blue Dream. The walls will be packed with vaporizers, water pipes, and pre-rolled joints. There will be THC lollipops, baked goods, and cookbooks. Just blocks away from the Capitol, it may soon become one of the most politically important marijuana distribution centers in the country." Continue reading →
"Bitcoin is an unregulated, uncontrolled online currency – worth more than £500m, it's the world's fastest growing. It can be used to buy drugs, move money across the world, or get rich quick. The people behind Bitcoin speak to the Guardian's James Ball at their home in a squat in central London." Continue reading →
"The US Central Intelligence Agency has been feeding information to select rebel fighters in Syria to try to make them more effective against government troops, The Wall Street Journal reported Saturday. Citing unnamed current and former US officials, the newspaper said the new CIA effort reflected a change in the administration’s approach that aims to strengthen secular rebel fighters. The CIA has sent officers to Turkey to help vet rebels who receive arms shipments from Gulf allies, the report said. But administration officials cited concerns about some weapons going to Islamists, the paper noted." Continue reading →
"President Barack Obama says his administration is working with Congress to provide Jordan with an additional $200 million in aid this year. He made the announcement during a news conference in Amman, Jordan, with King Abdullah II. Jordan’s economic troubles have been made worse by the influx of more than 450,000 refugees fleeing the civil war across the border in neighboring Syria. The Syrians are crowding refugee camps in Jordan and overwhelming aid agencies run by the important U.S. ally in the Middle East." Continue reading →
"In an apparent first in Florida law, a state appeals court ruled Monday that posting threats on one’s personal Facebook page can be prosecuted under state law. The 1st District Court of Appeal decided in a criminal case that a Facebook post could be considered a 'sending' for the purposes of the 'sending written threats to kill or do bodily harm' law, a second-degree felony." Continue reading →