Tag Archives: Pot & Kettle

If Snowden’s A Terrorist, What About Uber and Airbnb?

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“Why would Marc Andreessen condemn Edward Snowden for showing the American people that they have forsaken every right to privacy that they once held dear?  His VC firm was behind such disruptive technology companies as Twitter and LinkedIn. Virtual hotelier Airbnb is one of its prize portfolio holdings today.  Is Andreessen a terrorist? Because he is busy scaring the proverbial crap out of people across the globe—businesses, individuals, regulators, and more. He’s putting people out of jobs, left and right. He’s wreaking havoc on the economy.  And, like Edward Snowden, I am of the mind that all the pain Andreessen is causing will be well worth it in the end.”

http://www.caseyresearch.com/cdd/andreessen-terrorist-government-shutdown-airbnb-uber

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Obama, In Europe, Announces $1 Billion European Defense Plan

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“The $1 billion security plan [is] intended to demonstrate the United States’ ‘rock-solid commitment’ to stand with Central and Eastern Europe against Russian aggression, but it did not settle nerves rattled by the crisis in neighboring Ukraine.  Arriving here for the start of a four-day swing through Europe certain to be dominated by the continuing tension with Moscow, Mr. Obama announced a program to expand military training, joint exercises and troop rotations while prepositioning equipment in the region to bolster defenses for American allies.  The president’s main goal here in Warsaw was to reassure NATO allies that once were in the Soviet orbit that they could count on American support.”

http://www.nytimes.com/2014/06/04/world/europe/obama-in-europe.html?hp&_r=1

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Barclays fined $44 million over gold price fixing

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“A U.K. financial regulator has fined Barclays (BCS) $43.8 million after it accused a former trader at the bank of improperly influencing gold prices.  The British bank will be fined £26 million ($43.8 million) for failures that allowed trader Daniel James Plunkett to exploit the weaknesses in Barclays’ systems and controls to seek to influence the price of gold, which allowed the firm to ‘profit at a customer’s expense,’ according to a news release.  The fine was handed down by the Financial Conduct Authority. Separately, Plunkett was fined £95,600, or about $161,000.”

http://features.blogs.fortune.cnn.com/2014/05/23/barclays-fined-44-million-over-gold-price-fixing/

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John Kerry calls Beijing ‘provocative’ in South China Sea disputes

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“China and the United States exchanged heated words yesterday over the recent tensions between Beijing and its neighbours about disputed territory in the South China Sea.  ‘[John Kerry] said China’s introduction of an oil rig and numerous government vessels in waters disputed with Vietnam was provocative,’ US State Department spokeswoman Jen Psaki said, referring to a telephone call between the US secretary of state and Foreign Minister Wang Yi.  Wang called on the US to be objective and urged it to ‘stick to its promises, and act and speak cautiously’, according to a statement on the Foreign Ministry’s website.”

http://www.scmp.com/news/china/article/1511267/kerry-says-china-action-south-china-sea-dispute-provocative

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Fed Warns Of Crackdown On Leveraged-Buyout Deals

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“The Federal Reserve warned it may need to take additional action to rein in banks’ funding of corporate takeovers after observing continued deterioration of lending standards this year.  The statements were the latest warning that U.S. regulators want banks to end practices they see as risky in so-called leveraged lending markets. The Fed and the Office of the Comptroller told banks in March 2013 to avoid funding takeover deals that would leave companies with high levels of debt.  Federal Reserve Chairwoman Janet Yellen said that some bank-underwriting standards had loosened as a response to investor appetite for additional risk, a byproduct of low interest rates.”

http://finance.yahoo.com/news/fed-warns-crackdown-takeover-deals-214000797.html

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U.S. Government Calls for Limits on Companies’ Use of Web Data

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“The White House, hoping to move the national debate over privacy beyond the National Security Agency’s surveillance activities to the practices of companies like Google and Facebook, released a long-anticipated report on Thursday that recommends developing government limits on how private companies make use of the torrent of information they gather from their customers online.  Because the effort goes so far beyond information collected by intelligence agencies, the report was viewed warily in Silicon Valley, where companies see it as the start of a government effort to regulate how they can profit from the data they collect from email and web surfing habits.”

http://www.nytimes.com/2014/05/02/us/white-house-report-calls-for-transparency-in-online-data-collection.html?_r=0

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Police Confront Rising Number of Mentally Ill Suspects

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“Police officers find themselves playing dual roles as law enforcers and psychiatric social workers. The problem has gotten worse in recent years, according to mental health and criminal justice experts, as state and local governments have cut back on mental health services for financial reasons. People with mental illness are often arrested in connection with minor crimes like disorderly conduct or trespassing. Mr. Boyd, whom the Albuquerque police said had a history of violence and who appeared to be turning away from the officers when he was shot, attracted law enforcement attention for camping illegally.”

http://www.nytimes.com/2014/04/02/us/police-shootings-of-mentally-ill-suspects-are-on-the-upswing.html?partner=MYWAY&ei=5065&_r=1

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Western banking regulations could be ‘mutually destructive’: IMF

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“Western governments have put in place banking regulations that could be ‘mutually destructive’ and undermine efforts to prevent bust banks from costing taxpayers billions of pounds, according to a report by the International Monetary Fund.  Policymakers representing the world’s biggest financial centres have failed to make the banking sector stand on its own feet by ending implicit subsidies and co-ordinating rescue plans when multinational banks go bust, the Washington-based lender of last resort said.  Subsidies to the banking sector in some countries are as high as they were before the crash, amounting to $590bn (£355bn), with the eurozone the worst affected.”

http://www.theguardian.com/business/2014/mar/31/western-banking-regulations-costly-mutually-destructive-imf-report

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Bitcoins are like ‘glass beads’, warns Danish national bank

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“The Danish national bank has released a briefing note firmly declaring bitcoin to not be money, noting that the currency is more like ‘glass beads’.  Denmark’s national bank is just the latest central bank to inveigh against bitcoin. In January, Malaysia’s central bank warned citizens that ‘the Bitcoin is not recognised as legal tender in Malaysia… the public is therefore advised to be cautious of the risks.’ In December 2013, the People’s Bank of China banned the country’s financial institutions from trading in the currency, shortly after the former president of the Dutch Central Bank said the currency’s boom was ‘worse than the tulip mania’.”

http://www.theguardian.com/technology/2014/mar/19/bitcoin-danish-national-bank

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Congressman Calls To Ban U.S. Dollar After Senator’s Bitcoin Ban Idea

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“Congressman Jared Polis is calling on the Treasury to ban physical dollars in response to Senator Manchin’s plea to ban Bitcoin. ‘The exchange of dollar bills, including high denomination bills, is currently unregulated and has allowed users to participate in illicit activity, while also being highly subject to forgery, theft, and loss,’ wrote Polis in a  statement.  To be sure, the Congressman is being cheeky. ‘This is just a satirical version of Senator Manchin’s letter, meant to draw attention to the fact that BitCoins are not any more susceptible to the problems that the Senator points out than dollars,’ said Spokesperson Scott Overland.”

http://techcrunch.com/2014/03/05/congressman-calls-to-ban-u-s-dollar-in-response-to-bitcoin-ban/

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