Mainstream News

Made Poor by the Crisis: Millions of Europeans Require Red Cross Food Aid

"Needy families and individuals in the European Union are becoming increasingly reliant on charity organizations like the Red Cross for basic needs like food, water and shelter. Two-thirds of national Red Cross societies within the European Union have begun distributing food aid, according to the head of the aid groups' international organization -- a sign that the economic crisis in Europe is having an alarming effect on poverty. Yves Daccord, Director-General of the International Committee of the Red Cross, said on a visit to New Delhi on Monday that the scope of food distribution had not been at its current level since the end of World War II." Continue reading →

Continue ReadingMade Poor by the Crisis: Millions of Europeans Require Red Cross Food Aid

Banks Saved, but Europe Risks ‘Losing a Generation’

"Europe has spent hundreds of billions of euros rescuing its banks but may have lost an entire generation of young people in the process, the president of the European Parliament said. But little has been done to tackle the devastating social impact of the crisis, with more than 26 million people unemployed across the EU, including one in every two young people in Greece, Spain and parts of Italy and Portugal. That crippling level of unemployment has led to protests and outbreaks of violence across southern Europe, raising the threat of full-scale social breakdown, including rising crime and anti-immigrant attacks that can further rattle unstable governments." Continue reading →

Continue ReadingBanks Saved, but Europe Risks ‘Losing a Generation’

Dimon’s Extra $1.4 Million Payout Hangs on Fed Decision

"JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon personally stands to miss out on about $1.39 million a year if the Federal Reserve decides last week’s stress-test results don’t justify a dividend increase. That’s how much extra income Dimon could get from his stake of about 6 million shares if his New York-based bank raises its payout as much as analysts predict. The sum dwarfs the combined $73,300 of new annual dividends at stake for his CEO peers at Bank of America Corp., Goldman Sachs Group Inc. (GS) and Wells Fargo (WFC) & Co., based on forecasts compiled by Bloomberg." Continue reading →

Continue ReadingDimon’s Extra $1.4 Million Payout Hangs on Fed Decision

Japan PM: Hyperinflation ‘Unthinkable’ Even With Bold Easing

"Hyperinflation is 'unthinkable,' Prime Minister Shinzo Abe said Monday, citing the Bank of Japan's ability to make adjustments after enacting bold monetary easing. 'If the rate of inflation exceeds the 2% target, the BOJ would naturally proceed with a policy to keep it within 2%,' he told reporters. At the same time, Abe noted that the government 'must keep a keen eye on trends in prices and long-term interest rates.' The prime minister stressed the need to improve the country's finances, indicating a stance of limiting monetary policy side effects with an eye on government bond prices." Continue reading →

Continue ReadingJapan PM: Hyperinflation ‘Unthinkable’ Even With Bold Easing

South Dakota College Tests Fingerprint Purchasing Technology

"On a recent Friday, mechanical engineering major Bernard Keeler handed a Red Bull to a cashier in the Miner's Shack campus shop, typed his birthdate into a pay pad and swiped his finger. Within seconds, the machine had identified his print and checked that blood was pulsing beneath it, allowing him to make the buy. Afterward, Keeler proudly showed off the receipt he was sent via email on his smartphone. It's the extra layer of protection — that deeper check to ensure the finger has a pulse — that researchers say sets this technology apart from already-existing digital fingerprint scans." Continue reading →

Continue ReadingSouth Dakota College Tests Fingerprint Purchasing Technology

Congress awards POW medals to US aviators interned in Switzerland

"Switzerland was the only neutral country during the Second World War to fully enforce the 1907 Hague Convention requiring the internment of foreign soldiers until the end of the conflict, according to Mears. Unlike Sweden, Portugal or Turkey, the Swiss neither handed over internees to Germany, nor did they take attempts to escape lightly. Nearly 70 years after being interned in a Swiss disciplinary camp and, for many, punished for trying to escape, a group of 157 American Second World War pilots and crew members have been awarded the Prisoner Of War Medal by the US Congress." Continue reading →

Continue ReadingCongress awards POW medals to US aviators interned in Switzerland

German pilot in WWII and American B-17 pilot he spared reunite 40 years later

"People love to hear war stories about great generals or crack troops such as Seal Team 6, the Navy unit that killed Osama bin Laden. But there is another side of war that's seldom explored: Why do some soldiers risk their lives to save their enemies and, in some cases, develop a deep bond with them that outlives war? And are such acts of chivalry obsolete in an age of drone strikes and terrorism?" Continue reading →

Continue ReadingGerman pilot in WWII and American B-17 pilot he spared reunite 40 years later

Former CEO reveals Blackwater worked as ‘virtual extension of the CIA’

"The mercenary group formerly known as Blackwater worked as a 'virtual extension of the CIA,' the company’s former CEO revealed to Daily Beast reporter Eli Lake. It has long been known that Blackwater, now called Academi, worked with the CIA, and there were even some pretty straightforward clues that former Blackwater CEO Erik Prince was an agency asset. That relationship is strongly clarified by the company’s own legal defense in a three-year prosecution that collapsed in February, wrapping up with a guilty plea from two men punishable by probation, house arrest and a $5,000 fine." Continue reading →

Continue ReadingFormer CEO reveals Blackwater worked as ‘virtual extension of the CIA’

Private surveillance companies flock to Arizona’s annual Border Security Expo

"The Expo began on Tuesday and concludes today. About 185 companies are showcasing everything from gates to guns, drones to portable toilets. A stall offering self-heating meals was next to a table of firearms. Two themes emerged from a day at the Expo: equipment and technology used by the US military is increasingly becoming available to domestic entities. And software is now easy to use and more powerful. Physical Security Information Management (PSIM) software potentially gives officials huge surveillance powers whether in a desert or a metropolis." Continue reading →

Continue ReadingPrivate surveillance companies flock to Arizona’s annual Border Security Expo

88-year-old peaceful activist wins surveillance database fight

"Three appeal court judges have ruled that police violated the human rights of an 88-year-old peaceful campaigner when they secretly labelled him a 'domestic extremist' and recorded his political activities. John Catt, who has no criminal record, was shocked when he discovered police had clandestinely kept a detailed note of his presence on more than 55 demonstrations over a four-year period. On Thursday, he won his legal action to have the records deleted from a secret database of so-called domestic extremists. Details of the surveillance were revealed by the Guardian in 2010." Continue reading →

Continue Reading88-year-old peaceful activist wins surveillance database fight