A Republican Congressman wants to strip the Federal Reserve Bank of New York of one of its key powers, and it could have a big impact on when and how the Fed makes its next rate decision.Next Wednesday, in the House Financial Services Committee Monetary Policy and Trade Subcommittee hearing on Federal Reserve reform, it is expected Michigan Republican Bill Huizenga will pitch legislation to kill t...Read More
A Republican Congressman wants to strip the Federal Reserve Bank of New York of one of its key powers, and it could have a big impact on when and how the Fed makes its next rate decision.Next Wednesday, in the House Financial Services Committee Monetary Policy and Trade Subcommittee hearing on Federal Reserve reform, it is expected Michigan Republican Bill Huizenga will pitch legislation to kill t...Read More
President Obama's former top military intelligence official has launched a scathing attack on the White House's counter-terrorism strategy, including the administration's handling of the ISIL threat in Iraq and Syria and the US military's drone war.In a forthcoming interview with Al Jazeera English's 'Head to Head', retired US Lt. General Michael Flynn, who quit as head...Read More
President Obama's former top military intelligence official has launched a scathing attack on the White House's counter-terrorism strategy, including the administration's handling of the ISIL threat in Iraq and Syria and the US military's drone war.In a forthcoming interview with Al Jazeera English's 'Head to Head', retired US Lt. General Michael Flynn, who quit as head...Read More
Suppose you own a car dealership in San Juan, the capital of Puerto Rico, and you want to sell new Fords. The only way to get them to the island is by boat – but not just any boat.In 1920, Congress passed a law restricting all trade between U.S. ports to American-flagged vessels crewed by U.S. citizens. After the First World War, Congress's idea was to protect the country's merchant...Read More
Suppose you own a car dealership in San Juan, the capital of Puerto Rico, and you want to sell new Fords. The only way to get them to the island is by boat – but not just any boat.In 1920, Congress passed a law restricting all trade between U.S. ports to American-flagged vessels crewed by U.S. citizens. After the First World War, Congress's idea was to protect the country's merchant...Read More
President Barack Obama is heralding his nuclear deal with Iran as "another chapter in the pursuit of a more helpful and more hopeful world." I don't think so. Iran has a history of funding terrorism around the world, and they are Israel's worst enemy. We are alienating our decades-long allies and cozying up to their enemies and ours.Donald J. Trump was exactly right when he said,...Read More
President Barack Obama is heralding his nuclear deal with Iran as "another chapter in the pursuit of a more helpful and more hopeful world." I don't think so. Iran has a history of funding terrorism around the world, and they are Israel's worst enemy. We are alienating our decades-long allies and cozying up to their enemies and ours.Donald J. Trump was exactly right when he said,...Read More
Ken Moore, head of Citi Innovation Labs told IBTimes UK during a technology briefing that the bank has been looking at distributed ledger technology for "the last few years" and has amassed a skilled team.They have constructed three blockchains and a test currency to run across them.Moore said: "We have up and running three separate systems within Citi now that actually deploy block...Read More
Ken Moore, head of Citi Innovation Labs told IBTimes UK during a technology briefing that the bank has been looking at distributed ledger technology for "the last few years" and has amassed a skilled team.They have constructed three blockchains and a test currency to run across them.Moore said: "We have up and running three separate systems within Citi now that actually deploy block...Read More
Following last week's eavesdropping reports, WikiLeaks shared new documents with Libération and Mediapart. This time, the new documents reveal that the NSA was spying on France's best performing companies for economic intelligence purposes.In addition to eavesdropping French Economy Ministers François Baroin and Pierre Moscovici between 2004 and 2012, the NSA gathered as much...Read More
Following last week's eavesdropping reports, WikiLeaks shared new documents with Libération and Mediapart. This time, the new documents reveal that the NSA was spying on France's best performing companies for economic intelligence purposes.In addition to eavesdropping French Economy Ministers François Baroin and Pierre Moscovici between 2004 and 2012, the NSA gathered as much...Read More
U.S. authorities foiled attacks planned around the Fourth of July, arresting more than 10 people in the month before the holiday who were inspired by Islamic State online recruitment, FBI Director James Comey said on Thursday."I do believe our work disrupted efforts to kill people likely in connection with July 4th," Comey told reporters at the headquarters of the Federal Bureau of Inves...Read More
U.S. authorities foiled attacks planned around the Fourth of July, arresting more than 10 people in the month before the holiday who were inspired by Islamic State online recruitment, FBI Director James Comey said on Thursday."I do believe our work disrupted efforts to kill people likely in connection with July 4th," Comey told reporters at the headquarters of the Federal Bureau of Inves...Read More
The [Greek] crisis could present new opportunities. From Bitcoin to barter, the impending loss of the euro has Greeks looking for unorthodox solutions that operate largely outside the banking system.Leander Bindewald, a senior researcher at the New Economics Foundation, draws inspiration from the industrial Greek city of Volos, which in 2011 established a barter-like system of local alternative un...Read More
The [Greek] crisis could present new opportunities. From Bitcoin to barter, the impending loss of the euro has Greeks looking for unorthodox solutions that operate largely outside the banking system.Leander Bindewald, a senior researcher at the New Economics Foundation, draws inspiration from the industrial Greek city of Volos, which in 2011 established a barter-like system of local alternative un...Read More
FBI Director James Comey on Monday defended his agency's position that too-tough-to-crack encryption poses a threat to national security, arguing that terrorists are increasingly using the technology to lock out law enforcement and coordinate attacks.Comey, in a brief op-ed appearing on the prominent national security blog Lawfare, said that "there are lots of good things" about univ...Read More
FBI Director James Comey on Monday defended his agency's position that too-tough-to-crack encryption poses a threat to national security, arguing that terrorists are increasingly using the technology to lock out law enforcement and coordinate attacks.Comey, in a brief op-ed appearing on the prominent national security blog Lawfare, said that "there are lots of good things" about univ...Read More
Greece's five-year dance with its European creditors appears finally to be reaching a climax.The continent's leaders are presenting a hard-nosed ultimatum: To get more bailout money, the debt-wracked country must propose a package of tax increases, pension cuts and other economic reforms by Thursday, and come to a final agreement by Sunday or face bankruptcy and likely ouster from the euro...Read More
Greece's five-year dance with its European creditors appears finally to be reaching a climax.The continent's leaders are presenting a hard-nosed ultimatum: To get more bailout money, the debt-wracked country must propose a package of tax increases, pension cuts and other economic reforms by Thursday, and come to a final agreement by Sunday or face bankruptcy and likely ouster from the euro...Read More