Monthly Archives: June 2016

Sweden tests blockchain technology for land registry

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“Sweden is conducting tests to put the country’s land registry system on blockchain, the underlying technology supporting the digital currency bitcoin, the Swedish Land Registry said on Thursday.  Swedish blockchain company ChromaWay, consulting firm Kairos Future, and telecommunications service provider Telia have come up with a framework or the so-called ‘proof of concept’ through a white paper and technical demonstration of how the Swedish land registry would work on blockchain.  The blockchain technology works by creating permanent, public ‘ledgers’ of all transactions that could potentially replace complicated systems such as clearing and settlement with one simple database.”

http://www.reuters.com/article/us-sweden-blockchain-idUSKCN0Z22KV

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Populist, Eurosceptic Party Takes Italy by Storm

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“Seven years after its founding, the Five Star Movement has come into its own as the prime opposition party in Italy, staunchly challenging the establishment status quo, and pledging a new era of transparency and a return to self-government.  There seems little question that the results of municipal elections went beyond local politics, indicating an important shift among Italian citizens.  Sunday’s victories for the Five Star Movement are added to its prior holdings, notably the important Italian cities of Parma and Livorno.”

http://www.breitbart.com/london/2016/06/22/not-just-rome-populist-eurosceptic-party-takes-italy-storm/

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Second Scottish independence vote ‘highly likely’ after Brexit

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“Scotland’s first minister has said a second independence referendum is “highly likely” after the UK voted to leave the EU.  Nicola Sturgeon said it was ‘democratically unacceptable’ that Scotland faced the prospect of being taken out of the EU against its will.  She said the Scottish government would begin preparing legislation to enable another independence vote.  Scotland voted in favour of the UK staying in the EU by 62% to 38%.  The UK as a whole has voted to leave, by a margin of 52% to 48%, prompting UK Prime Minister David Cameron to announce he would stand down by October.”

http://www.bbc.com/news/uk-scotland-scotland-politics-36621030

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Switzerland withdraws longstanding application to join EU

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“The upper house of the Swiss parliament on Wednesday voted to invalidate its 1992 application to join the European Union, backing an earlier decision by the lower house.  In the aftermath of the vote, Switzerland will give formal notice to the EU to consider its application withdrawn, the country’s foreign minister, Didier Burkhalter, was quoted as saying. Switzerland’s longstanding application to join the EU has not had a significant impact on the country’s politics for more than 20 years, as its accession negotiations have been suspended since 1992 in the wake of a referendum to join the European Economic Area, when the Swiss voted down the idea of closer ties with the EU.”

https://www.rt.com/news/346884-switzerland-eu-membership-application-rejected/

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Brexit: David Cameron to quit after UK voters choose to leave EU

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“Prime Minister David Cameron is to step down by October after the UK voted to leave the European Union.  The PM had urged the country to vote Remain but was defeated by 52% to 48% despite London, Scotland and Northern Ireland backing staying in.  UKIP leader Nigel Farage hailed it as the UK’s ‘independence day’, while Boris Johnson said the result would not mean ‘pulling up the drawbridge’.  Scottish First Minister Nicola Sturgeon said she was ‘absolutely determined’ to keep Scotland in the EU so a second Scottish independence referendum was now ‘highly likely’. The referendum turnout was 71.8% – with more than 30 million people voting – the highest turnout at a UK-wide vote since 1992.”

http://www.bbc.com/news/uk-politics-36615028

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Bitcoin rival Ethereum fights for its survival after $50 million heist

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“On Friday, thieves exploited a software bug that allowed them to transfer more than 3.6 million ‘ether’—the base unit of the Ethereum currency—out of The DAO’s coffers. The digital loot made up more than a third of The DAO’s 11.5 million ether endowment. The seized booty is valued at anywhere from $45 million (based on the plummeting value of ether following the attack) to as high as $77 million (based on pre-attack exchange rates). In the days following the theft, there have been at least a half-dozen copycat attacks (for instance, as documented here and here) that combined have purloined more than 785 ether.”

http://arstechnica.com/security/2016/06/bitcoin-rival-ethereum-fights-for-its-survival-after-50-million-heist/

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The New Subprime Meltdown

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“Now, everyone calls them, ahem, ‘non-prime.’  A few subprime (excuse me — non-prime) mortgage bond offerings started trickling out in recent quarters. But the one that caught everyone’s attention came out earlier this month: 368 mortgages packaged into a bond with a total principal balance of nearly $162 million.  Many of the senior executives who led those companies are back in today’s non-prime ball game, too — once again aiming to capitalize on today’s Fed-induced low mortgage rates and re-inflated housing bubble.”

http://thesovereigninvestor.com/us-economy/new-subprime-meltdown/

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John Hussman: Over-Adaptation and Market Drawdowns

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“The worst market losses across history have been associated with relatively low short-term interest rates during the collapse and the absence of any material hike in interest rates at all as the collapse unfolds. Investors have convinced themselves to tolerate historic valuation extremes, confident that stocks can’t fall unless interest rates rise. They’ve walked right into this setup because they don’t recognize it, and neither central bankers nor the investment profession appear interested in admitting the increasingly pressing risks that they themselves have been complicit in creating.”

http://www.hussmanfunds.com/wmc/wmc160606.htm

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How the Top 5 PC Makers Open Your Laptop to Hackers

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“As bad as Acer was, however, Asus was worse. Its updater was so bad the researchers called it ‘remote code execution as a service’—essentially a built-in service for hackers to do remote-code execution. Asus transmits unsigned manifests over HTTP instead of HTTPS. And although the manifest file was encrypted, it was encrypted with an algorithm known to be broken, and the key to unlock the file was an MD5 hash of the words ‘Asus Live Update.’ As a result, attackers could easily intercept and unlock the list to make changes. Asus update files weren’t signed, either, and they were also transmitted via HTTP.”

https://www.wired.com/2016/05/2036876/

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Justin Raimondo: The EU – A CIA Covert Operation

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“The basic idea was to counterpose a European identity against the ‘internationalist’ ideology of the Soviets and their increasingly powerful fifth columns in the West. The ‘European Movement,’ which was and still is the “grassroots” organization that relentlessly pushed for the creation of a European super-state, was financed to the tune of $1 million a year by the ‘American Committee for a United Europe‘ (ACUE), which was founded by Allen Dulles, who was at that point chairing a committee tasked with looking at how to organize the nascent CIA, and William ‘Wild Bill‘ Donovan, who had been head of the Office of Strategic Services (OSS), forerunner of the CIA.”

http://original.antiwar.com/justin/2016/05/01/eu-cia-covert-operation/

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