How Donald Trump’s travel ban has hit Iran’s tourism renaissance

“For visitors the lure is the culture and history of a sophisticated civilisation, with no fewer than 19 Unesco heritage sites, which had been inaccessible for decades when Iran was shunned as a pariah state. Now the country is also viewed as safe in comparison with other states offering similar attractions in the region – Syria, Egypt, Turkey, Tunisia, Libya – places which have become no-go areas due to the varying degrees of threats from terrorism or civil war.  Mr Trump’s repeated threat to withdraw the US from the nuclear agreement, achieved through years of painstaking negotiations, is creating concern that Iran will be pushed back towards isolation.”

Read more: http://www.independent.co.uk/news/world/middle-east/donald-trump-iran-travel-ban-nuclear-deal-tourism-tehran-renaissance-kim-sengupta-a7895151.html

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Broadcom chip bug opened 1 billion phones to a Wi-Fi-hopping worm attack

“It fills the airwaves with probes that request connections to nearby computing devices. When the specially devised requests reach a device using the BCM43xx family of Wi-Fi chipsets, the attack rewrites the firmware that controls the chip. The compromised chip then sends the same malicious packets to other vulnerable devices, setting off a potential chain reaction.”

Read more: https://arstechnica.com/information-technology/2017/07/broadcom-chip-bug-opened-1-billion-phones-to-a-wi-fi-hopping-worm-attack/

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Medical Devices Are the Next Security Nightmare

“There’s a need to protect patients, so that attackers can’t hack an insulin pump to administer a fatal dose. And vulnerable medical devices also connect to a huge array of sensors and monitors, making them potential entry points to larger hospital networks. That in turn could mean the theft of sensitive medical records, or a devastating ransomware attack that holds vital systems hostage until administrators pay up.”

Read more: https://www.wired.com/2017/03/medical-devices-next-security-nightmare/

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Jim Rogers: The Worst Crash In Our Lifetime Is Coming

“Legendary investor Jim Rogers sat down with Business Insider CEO Henry Blodget on this week’s episode of The Bottom Line. Rogers predicts a market crash in the next few years. One that he says will rival anything he has seen in his lifetime.”

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CIA chief signals desire for regime change in North Korea

“‘As for the regime, I am hopeful we will find a way to separate that regime from this system,’ Pompeo said. ‘The North Korean people I’m sure are lovely people and would love to see him go.'”

Read more: http://www.cnn.com/2017/07/20/politics/cia-mike-pompeo-north-korea/index.html

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The meteoric rise of passive investing: the “greatest bubble ever”?

“Given the power passive strategies have rapidly accrued, perpetuating blind faith could prove devastating.”

Read more: https://latest.13d.com/has-the-meteoric-rise-of-passive-investing-generated-the-greatest-bubble-ever-257200fe5caf

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John Hussman: How to Wind Down a $4 Trillion Balance Sheet

“If one repeatedly learns that feeding a beast can briefly appease it, but predictably makes it more enormous, savage, and unstable, it is best to remember the lesson. Instead, central bankers have doomed the world to learn that lesson again.”

Read more: https://www.hussmanfunds.com/wmc/wmc170619.htm

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US Government Spends Billions Reviving Cold-War Nuclear War Bunkers

“Cold War-era government bunkers across the country were built to house the President and various Washington elites — members of a so-called ‘shadow government’ in the worst nuclear Armageddon scenario.  Since September 11, 2001, Congress has intensified their interest in and funding of top secret ‘Continuity of Government’ (COG) in ways not seen since the Cold War.”

Read more: http://nypost.com/2017/06/10/this-is-where-the-government-will-hide-during-a-nuclear-war/

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Desperate Police Departments Ditch Hiring Standards

“Police could stop arresting people for drug crimes, and focus on violent and property crimes if they wanted to get by with less personnel. They could even pull some officers off speed-trap duty and actually respond to desperate calls for help.  But no, the solution is to simply hire heroin addicts and crack heads. That will surely improve the tensions between the public and police. How could this go wrong, hiring even lower quality officers than before?”

Read more: http://www.thedailybell.com/news-analysis/help-wanted-desperate-police-departments-ditch-standards/

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Goldman Set Out to Automate IPOs and It Has Come Far, Really Fast

“A computer-based interface called Deal Link has replaced informal checklists that were once tended and passed down between generations of rainmakers. It now arranges and tracks legal and compliance reviews, fills in forms and generates reports.  The industry is under intense pressure to improve profitability, while contending with young workers less willing to put in 18-hour days. At Goldman Sachs, managers say they’re looking to new technology to free up junior bankers in particular, letting them focus on more satisfying work.”

Read more: https://www.bloomberg.com/news/articles/2017-06-13/goldman-set-out-to-automate-ipos-and-it-s-come-far-really-fast

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