Monthly Archives: November 2014

Britain issues first non-Chinese sovereign RMB bond

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“The RMB 3 billion bond, which is equivalent to approximately £300 million, has a maturity of 3 years and delivers on the Chancellor’s announcement at the recent annual UK-China economic summit in London that the government intended to issue an RMB bond.  It is the world’s first non-Chinese issuance of sovereign RMB debt and will be used to finance Britain’s reserves. Currently, Britain only holds reserves in US dollars, euros, yen and Canadian dollars, so today’s issuance signals the RMB’s potential as a future reserve currency. The bond issuance, which saw strong demand from investors, also further cements Britain’s position as the most important RMB market in the western world.”

https://www.gov.uk/government/news/britain-issues-western-worlds-first-sovereign-rmb-bond-largest-ever-rmb-bond-by-non-chinese-issuer

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China signs currency swap deal with Qatar, in heart of the petro-dollar

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“The petro-dollar system is the heart and soul of America’s domination over the global reserve currency, and their right to make all nations have to purchase U.S. dollars to be able to buy oil in the open market. Bound through an agreement with Saudi Arabia and OPEC in 1973, this de facto standard has lasted for over 41 years and has been the driving force behind America’s economic, political, and military power.  But on Nov. 3 a new chink in the petro-dollar system was forged as China signed an agreement with Qatar to begin direct currency swaps between the two nations using the Yuan, and establishing the foundation for new direct trade with the OPEC nation.”

http://www.examiner.com/article/china-signs-currency-swap-deal-with-qatar-the-heart-of-petro-dollar-system

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Canada just became North America’s first offshore renminbi hub

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“The People’s Bank of China and the Canadian Prime Minister’s office issued a statement on Saturday stating that Canada will establish North America’s first offshore renminbi trading center in Toronto.  China and Canada agreed on a number of measures to increase the use of renminbi in trade, business, and investment. And they further signed a 200-billion renminbi bilateral currency swap agreement.  Moreover, just today, hot off the presses, the central banks of China and Malaysia announced the establishment of renminbi clearing arrangements in Kuala Lumpur, which will further increase the use of renminbi in South-East Asia.”

http://www.sovereignman.com/offshore-banking-2/still-happening-canada-just-became-north-americas-first-offshore-renminbi-hub-15541/

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Voters post ballot selfies online in protest of new social media law

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“The Legislature changed the law last session, adding the ‘social media’ part. It has been illegal to show your ballot to someone else for a long time, but questions came up about the law after people started posting photos of their completed ballots online. Breaking the ballot-selfie law is a violation and carries a fine of up to $1,000.  Dozens of photos popped up on social media Tuesday, in part because of a Facebook group called NH Ballot Selfies. The group has 14 members, several of whom posted photos of their ballots. Searching Twitter for #ballotselfie comes up with more people posting photos of their ballots, not out of ignorance, but as a form of civil disobedience.”

http://www.concordmonitor.com/home/14241470-95/theyre-all-criminals-many-flout-state-law

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90-year-old Fort Lauderdale man arrested twice for feeding homeless

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“Police watched, recorded video and apprehended him in the act.  He was, after all, pretty conspicuous. When you’re on the lookout for a 90-year-old World War II veteran wearing a chef’s uniform and hat, Arnold Abbott is hard to miss.  Making matters worse for the accused was all the available evidence. Pasta with cubed ham. Lots of it. And, quite brazenly, a white onion celery sauce, too.  Abbott now faces two counts of breaking a week-old Fort Lauderdale ordinance, each charge carrying a possible 60-day jail term and $500 fine.  His suspected crime?  Feeding the homeless.”

http://www.tampabay.com/news/localgovernment/90-year-old-mans-arrest-for-feeding-homeless-is-silly-response-to-real/2205713

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Feds Seize Silk Road 2 in Major Dark Web Drug Bust

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“On Thursday international law enforcement agencies including the FBI, the Department of Homeland Security and Europol took down the Silk Road 2 and arrested its alleged operator 26-year-old Blake Benthall in San Francisco. The criminal complaint against Benthall outlines how the Silk Road 2’s staff was infiltrated by at least one undercover law enforcement agent even before the site went online in November of last year. In May of this year, the FBI somehow pinpointed the foreign server that ran the Silk Road 2 despite its use of the anonymity software Tor to protect its location, and obtained records from the server’s hosting provider identifying Benthall.”

http://www.wired.com/2014/11/feds-seize-silk-road-2/

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Ayahuasca: Could it be the next medicinal marijuana?

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“Imagine discovering a plant that has the potential to help alleviate post-traumatic stress disorder, suicidal thoughts and paralyzing anxiety. That’s what some believe ayahuasca can do, and this psychedelic drink is attracting more and more tourists to the Amazon.
If you Google ‘ayahuasca,’ you’ll find a litany of stories about Hollywood celebrities espousing its benefits, as well as the dangers of this relatively unstudied substance that triggers hallucinations. On this Sunday’s episode of ‘This Is Life,’ Lisa Ling goes inside an ayahuasca ceremony in Peru and talks to the men and women who are drinking this potent brew in hopes that it will alleviate their mental and emotional traumas.”

http://www.cnn.com/2014/10/22/health/ayahuasca-medicine-six-things/

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Ethan Nadelmann: Why we need to end the War on Drugs

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“Is the War on Drugs doing more harm than good? In a bold talk, drug policy reformist Ethan Nadelmann makes an impassioned plea to end the “backward, heartless, disastrous” movement to stamp out the drug trade. He gives two big reasons we should focus on intelligent regulation instead.”

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China to lay out massive quantum network for information security

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“A quantum communication network between Beijing and Shanghai — the two political and financial centres of the country — is now under construction, and is projected to be put into service by 2016. The 2,000-kilometre network between Beijing and Shanghai is slated to become the world’s longest quantum communication network.  China also plans to achieve Asia-Europe intercontinental quantum key distribution by 2020, and is ready to build a global quantum communication network by the 2030.  Quantum cryptography is believed to be able to create ‘unbreakable’ messages, as any attempt to access the encryption will be detected by the system immediately.”

http://www.zdnet.com/china-to-lay-out-massive-quantum-network-for-information-security-7000035436/

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Federal AIDS website insecurely transmitted user locations for years

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“Everyone loves to hate Healthcare.gov, but there are plenty of other bad websites out there. Take, for example, AIDS.gov. The Washington Post reports that the site has failed to adhere to basic web security protocols for the past few years. As a result, anyone snooping on internet traffic could easily find the location and identity of someone searching for HIV testing facilities or other services.  The culprit is encryption — or rather, the lack thereof.  AIDS.gov and another similar government site offering HIV assistance has not used SSL encryption to maintain its users’ privacy.”

http://www.theverge.com/2014/11/8/7178247/federal-aids-website-insecurely-transmitted-user-locations-for-years

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