Category Archives: Mainstream News

National park police gun down stopped, unarmed motorist in his car

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“In an interview, Austin said he suspects Ghaisar, who has no criminal record, drove off after stopping because he was spooked by the very first stop initiated by Park Police, in which police cut him off in the middle of the highway and approached with guns drawn, yanking at his front door.”

Read more: https://nypost.com/2018/01/24/dashcam-shows-police-fire-up-to-9-times-killing-stopped-motorist/

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Tech firms let Russia analyze software widely used by U.S. government

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“In order to sell in the Russian market, the tech companies let a Russian defense agency scour the inner workings, or source code, of some of their products. Russian authorities say the reviews are necessary to detect flaws that could be exploited by hackers.  But those same products protect some of the most sensitive areas of the U.S government, including the Pentagon, NASA, the State Department, the FBI and the intelligence community, against hacking by sophisticated cyber adversaries like Russia.”

Read more: https://www.reuters.com/article/us-usa-cyber-russia/tech-firms-let-russia-probe-software-widely-used-by-u-s-government-idUSKBN1FE1DT

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Hawaii missile alert standdown delayed by forgotten log-in

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“Governor David Ige was told two minutes after a text message was issued by the Emergency Management Agency (EMA) that the threat warning was a false alarm.  But his office did not share the information via social media until about 17 minutes later.  On Monday, Mr Ige acknowledged he had failed to recall his social media ID.  The governor added that he now stored the details on his smartphone to avoid a repeat blunder.”

Read more: http://www.bbc.com/news/technology-42787419

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US says Turk offensive in Syria is ‘disruptive’ to its own open-ended occupation

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“U.S. Defense Secretary Jim Mattis raised the matter in an exchange with reporters after unrelated meetings in the Indonesia capital with senior government officials. He made clear that while the U.S. sympathizes with Turkey’s concerns about border security, Washington wants the Turks to minimize their military action inside Syria.”

Read more: https://www.sfchronicle.com/news/politics/article/Mattis-says-Turk-offensive-in-Syria-is-disruptive-12517352.php

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China promises bank rescue in next crisis

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“China’s financial regulator has vowed to rescue the Chinese banking system immediately to avert a banking crisis when the bubble bursts, issuing a blanket guarantee that no major institution will be allowed to fail.  Beijing says it has studied the errors that led to the Lehman crisis in the 2008 and will not allow a chain reaction to occur, even if this means paying a price in terms of lost economic growth and dynamism.”

Read more: http://www.telegraph.co.uk/business/2018/01/23/china-promises-bank-rescue-next-crisis-market-prophets-warn/

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Team Trump Walks Back Weak Dollar Talk – For Second Time This Week

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“President Donald Trump said Thursday he wants a strong U.S. dollar, claiming that Treasury Secretary Steven Mnuchin was misinterpreted when he said earlier this week that the weak U.S. currency is good for trade.”

Read more: http://www.newsweek.com/trump-treasury-secretary-misinterpreted-strong-dollar-791449

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Jamie Dimon says he regrets calling bitcoin a fraud

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“‘The blockchain is real,’ Dimon added in the interview. ‘You can have cryptodollars in yen and stuff like that. ICOs … you got to look at every one individually. The bitcoin was always to me what the governments are going to feel about bitcoin when it gets really big. And I just have a different opinion than other people.'”

Read more: https://www.cnbc.com/2018/01/09/jamie-dimon-says-he-regrets-calling-bitcoin-a-fraud.html

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50 Cent forgot he had a stash of Bitcoin now worth $8m

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“In 2014, he released the album Animal Ambition and became the first artist to accept Bitcoin as payment.  The rapper received more than 700 Bitcoins under the deal, but then forgot about the cryptocurrency, according to celebrity news site TMZ.”

Read more: http://www.bbc.com/news/business-42820246

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Cryptocurrency backed by gold being developed by Perth Mint

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“Australia’s biggest gold refiner, the Perth Mint, is developing its own cryptocurrency backed by physical precious metals.  The ambitious plan, which is subject to a confidentiality agreement, will make it easier for consumers to buy gold.”

Read more: http://www.abc.net.au/news/2018-01-24/cryptocurrency-backed-by-gold-being-developed-perth-mint/9352036

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South Korea Plans to Hit Bitcoin Exchanges With Massive Tax Bills

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“South Korean cryptocurrency exchanges will this year need to pay 22% corporate and 2.2% local income taxes on last year’s earnings by the end of March and April respectively, if they had an annual income of over 20 billion won ($18.8 million) during 2016.  On Sunday, Yonhap quoted another official as saying cryptocurrency exchanges would soon be required to share users’ transaction data with banks—another move that would help the authorities collect tax.  South Korea’s ongoing cryptocurrency crackdown has been one of the prime causes of bitcoin’s recent volatility. Last month, the government instituted real-name policies for virtual-currency traders and banned investors from opening new accounts.”

Read more: http://fortune.com/2018/01/22/south-korea-bitcoin-exchange-tax/

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