John Brennan, CIA chief, says U.S. knew of ISIS plot days before Paris attacks
The head of the CIA says American spies knew the Islamic State terror group was plotting an attack days before militants slaughtered 130 people in Paris last year. CIA director John Brennan told CBS’s “60 Minutes” that the “system was…
Apple rejects FBI order to crack gunman’s phone
Apple’s CEO Tim Cook has hit out at a court order that would force it to write software allowing the FBI to crack encryption on its devices. In a letter published on the company’s website on Wednesday, Cook said the…
Summers Calls For Ban On $100 Bill, Citing Money Laundering, Tax Evasion, But Fails To Note Bank Issues
Ban On 100 Dollar Bill? Count Larry Summers in. As negative interest rates approach developed world economies, an odd correlation is occurring. Former U.S. Treasury Secretary Larry Summers is following calls in Europe to eliminate large demonetization paper currency, saying…
$100 billion later, feds fumble on cybersecurity
(Photo: Twitter) The latest round of embarrassing federal data breaches struck the very agencies charged with protecting Americans, evidence one leading member of Congress believes is proof that throwing money at a problem doesn’t solve much unless there’s accountability to…
Monetary Policy And Ending Too-Big-To-Fail
Monetary Policy And Ending Too-Big-To-Fail My successor as Minneapolis Fed President, Neel Kashkari, gave his first speech in his new role today. I congratulate him on a well-worded and stimulating set of remarks. He argued passionately in favor of imposing…
U.S.$200 Million Halliburton Bribe Fines Paid Directly Into CBN – Lawyers
The over $200 million fines paid by five multinational firms which were implicated in the Halliburton bribery scandal, were paid directly into the Central Bank of Nigeria and not into the accounts of the Nigerian lawyers, who prosecuted the case….
How much you need to make to be part of the 1% in N.J.
As the presidential candidates kick their campaigns into high gear heading into Super Tuesday, voters have given momentum to hopefuls who have bucked the traditional political system and called for change. And a big part of that change: the growing…
Income Inequality: Crisis Pushes the Poor and the Young Even Further Behind
LONDON, February 16, 2016 /PRNewswire/ — — Rising income inequality was an established trend prior to the financial crisis, but accelerated in many countries during the crisis years and subsequent period of austerity –Young people, often in part-time work or…
Germany’s coming for all those euros stuffed in your mattress
MUNICH, Germany — Germans are famously fond of cash. But that didn’t stop their government from announcing plans last week for a 5,000 euro limit on cash transactions, following similar moves in recent years by France, Italy and Spain. Days…
IBM Bets Big On Bitcoin Technology
IBM will announce its plans for developing blockchain, the distributed ledger technology underpinning bitcoin, on Tuesday, according to a report by the Wall Street Journal, as the company seeks to take a lead on what could become a revolutionary technology….