Tag Archives: What Could Possibly Go Wrong

Japan’s Abe to push for rearmament, war powers after election win

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“Amending the charter’s pacifist Article 9 would be hugely symbolic for Japan. Supporters see it as the foundation of post-war democracy but many conservatives view it as a humiliating imposition after Japan’s defeat in 1945.  It would also be a victory for Abe, whose conservative agenda of restoring traditional values, stressing obligations to the state over individual rights and loosening constraints on the military, centers on revising the constitution.”

Read more: https://www.reuters.com/article/us-japan-election/japans-abe-to-push-pacifist-constitution-reform-after-strong-election-win-idUSKBN1CS0C3

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Trump Unleashes CIA Kill Teams In Afghanistan

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“Trump previously loosened CIA drone strike rules in Afghanistan that will now allow for some civilian casualties relative to the importance of the target. ‘We’ll be here as long as it takes until you change your mind,’ Secretary of State Rex Tillerson said recently in a message to the Taliban.”

Read more: http://dailycaller.com/2017/10/22/trump-unleashes-cia-kill-teams-in-afghanistan/

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Millions of high-security crypto keys crippled by newly discovered flaw

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“A crippling flaw in a widely used code library has fatally undermined the security of millions of encryption keys used in some of the highest-stakes settings, including national identity cards, software- and application-signing, and trusted platform modules protecting government and corporate computers.”

Read more: https://arstechnica.com/information-technology/2017/10/crypto-failure-cripples-millions-of-high-security-keys-750k-estonian-ids/

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Severe flaw in WPA2 protocol leaves Wi-Fi traffic open to eavesdropping

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“It affects the core WPA2 protocol itself and is effective against devices running the Android, Linux, Apple, Windows, and OpenBSD operating systems, as well as MediaTek Linksys, and other types of devices. The site warned attackers can exploit it to decrypt a wealth of sensitive data that’s normally encrypted by the nearly ubiquitous Wi-Fi encryption protocol.”

Read more: https://arstechnica.com/information-technology/2017/10/severe-flaw-in-wpa2-protocol-leaves-wi-fi-traffic-open-to-eavesdropping/

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Goldman Has a New Product to Bet on the Next Banking Crisis

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“The two financial giants are now offering trades in derivatives that enable investors to bet on or against high-risk bank bonds that financial regulators can wipe out if a lender runs into trouble. Others are also planning to start making markets in the contracts, known as total-return swaps, in the coming weeks, according to Max Ruscher, the London-based director of credit indexes at IHS Markit Ltd., which administers the benchmarks that the swaps are linked to.”

Read more: https://www.bloomberg.com/news/articles/2017-10-11/goldman-sachs-offers-first-swaps-on-riskiest-type-of-bank-debt

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‘Peculiar’ Market Strikes Again With Sale of 100-Year Austrian Bond

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“Investors placed almost 11 billion euros of orders for Austria’s first century bond, which had a yield of 2.1 percent. That’s less than the current yield earned on Treasuries coming due in just 10 years. The ‘quite peculiar’ bond market reflects expectations of a subdued investor response to when the European Central Bank decides to rein in its super accommodative monetary policy, according to Kim Liu, senior fixed-income strategist at ABN Amro Group NV.”

Read more: https://www.bloomberg.com/news/articles/2017-09-12/-peculiar-bond-market-strikes-again-with-100-year-austrian-sale

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Homebuilder helping Millennials trade student loan debt for house debt

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“Buyers of Lennar’s homes could receive a payment of up to $13,000 toward their student loans, as much as 3% of the home’s purchase price, from its subsidiary, Eagle Home Mortgage.   The nation’s collective student debt stands at an all-time high of $1.34 trillion, according to the Federal Reserve Bank of New York.”

Read more: https://www.usatoday.com/story/money/2017/10/01/homebuilder-help-millennials-pay-student-loans-and-get-house-but-good-idea/706436001/

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Facebook Security Chief Warns of Dangers in Fake-News Solutions

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“‘A lot of people aren’t thinking hard about the world they are asking [Silicon Valley] to build,’ Stamos wrote. ‘When the gods wish to punish us they answer our prayers.'”

Read more: https://www.bloomberg.com/news/articles/2017-10-07/facebook-security-chief-warns-of-dangers-to-fake-news-solutions

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India Central Bank Governor Warned Against Cash Ban Before Resigning

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“Raghuram Rajan left the central bank last September after unnerving political leaders with his outspoken nature. Several months later, Modi blindsided the nation by scrapping 86 percent of currency in circulation, saying the move was essential to unearth unaccounted wealth and fight graft. Since then, speculation has raged over who thought up the policy, with the debate getting more divisive last week as a slew of data showed demonetization contributed to a growth slump without meeting its targets.”

Read more: https://www.bloomberg.com/news/articles/2017-09-03/rajan-warned-modi-against-demonetization-his-new-book-shows

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India Demonetization Loses Credibility; 99% of Banned Notes Returned

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“Indians have deposited nearly all the currency bills voided by Prime Minister Narendra Modi, denting the central bank’s profit and dealing a blow to his drive to unearth unaccounted wealth.  The cash ban prompted the central bank to print new currency, reducing its profit and cutting annual dividend payout to the government by half.”

Read more: https://www.bloomberg.com/news/articles/2017-08-30/india-central-bank-spends-record-amount-to-replace-void-notes

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