Some consumer PCs also appear to have dangerous Intel exploit

“If you think you’re immune from a scary exploit found in Intel’s Active Management Technology just because you’re a consumer, think again. The problem is, plenty of consumers use business-class hardware—and not just the fringe who’ll buy or inherit commercial-class laptops and workstations. Many budget PCs use chipsets, firmware, and motherboards that were designed for small business machines. These machines may be exposed to the exploit through Intel’s Small Business Advantage technology, which is is a scaled-down version of AMT.”

Read more: http://www.pcworld.com/article/3195246/security/how-to-check-for-the-intel-active-management-exploit-that-lets-hackers-take-over-your-pc.html

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Peter Schiff, Trumpcare: Different Plan, Same Problems

“A new form of insurance that this law may create: A policy that would pay for health insurance premiums if the user ever got sick enough to need them.  Such insurance would be very cheap, as the maximum exposure to the insurance company is only 130% of the premium for a standard health insurance policy.  In the end, the only people buying health insurance would be those who can buy it for free using their tax credits and really sick people for whom insurance premiums are cheaper than their medical bills.   But as insurance companies lose money on the latter group, they will be forced to raise their premiums on the former.  This puts us right back in the box we are stuck in with Obamacare.”

Read more: http://www.europac.com/commentaries/trumpcare_different_plan_same_problems

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Thieves drain 2FA-protected bank accounts by abusing mobile networks

“The unidentified attackers exploited weaknesses in Signalling System No. 7, a telephony signaling language that more than 800 telecommunications companies around the world use to ensure their networks interoperate. SS7, as the protocol is known, makes it possible for a person in one country to send text messages to someone in another country. It also allows phone calls to go uninterrupted when the caller is traveling on a train.  The same functionality can be used to eavesdrop on conversations, track geographic whereabouts, or intercept text messages.”

Read more: https://arstechnica.com/security/2017/05/thieves-drain-2fa-protected-bank-accounts-by-abusing-ss7-routing-protocol/

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I never knew how screwed up global banking was until I started my own bank

“You can imagine my surprise when I found out that SWIFT runs on Windows Vista – an obsolete operating system that Microsoft no longer supports.  When my bank received its SWIFT code, we were told that we had to have a computer running Vista in the office in order to connect to SWIFT.  It was such an absurd exercise to find an obsolete computer running an obsolete operating system to connect to the supposedly most advanced and important international payment network in the world.  Unsurprisingly, SWIFT has been hacked numerous times, both by the NSA as well as private hackers who have stolen a great deal of money from their victims.”

Read more: https://www.sovereignman.com/trends/i-never-knew-how-screwed-up-global-banking-was-until-i-started-my-own-bank-21494/

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What the IRS Plans to Do in Case of a Nuclear War Will Leave You in Stitches

“Even if the IRS survives a nuclear war, I have a feeling that their employees who are sent out to collect taxes wouldn’t live for very long.”

Read more: http://readynutrition.com/resources/what-the-irs-plans-to-do-in-case-of-a-nuclear-war-will-leave-you-in-stitches_02052017/

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Trump administration is looking at 50- and 100-year bonds

“The Treasury disclosed that it is studying the possibility of ultra-long bonds, with maturities greater than 30 years, currently the bond with the longest maturity. It also said it is preparing for the time when the Fed begins to reduce its giant $4.5 trillion balance sheet — by buying fewer Treasurys and mortgage securities, and perhaps ultimately even unloading the ones it holds.”

Read more: http://www.cnbc.com/2017/05/03/trump-administration-is-looking-at-50-100-year-bonds-but-may-end-up-with-a-new-20-year.html

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As Inventor of Subprime Car Loans Exits, Critics Smell a Lemon

“In January [Foss] stepped down as chairman of Credit Acceptance Corp., the company he started in 1972 that pioneered extending auto loans to customers with rock-bottom credit scores or none at all. A month after he left, he sold a big chunk of his Credit Acceptance shares for $128 million.  The company didn’t say why Foss sold his shares and declined to comment. Foss didn’t respond to requests for comment.”

Read more: https://www.bloomberg.com/news/articles/2017-05-04/as-inventor-of-subprime-car-loans-exits-critics-smell-a-lemon

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Canada’s Banking System Is Crashing Before Our Eyes

“Like all bubbles before it, this one will end in disaster. And that crisis could arrive much sooner than people think.”

Read more: https://www.caseyresearch.com/articles/canadas-banking-system-is-crashing-before-our-eyes

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Facebook and Google confirmed as victims of $100M phishing scam

“Last month, the Department of Justice charged a Lithuanian man for fraud, aggravated identity theft, and money laundering after documents revealed he scammed two major tech companies for over $100 million by masquerading as a Taiwanese electronics manufacturer. A Fortune report this week identified those two affected companies as Facebook and Google.”

Read more: http://www.theverge.com/2017/4/28/15468828/facebook-google-phishing-scam-rimasauskas

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Poll: A Record Number of Americans Say Government ‘Should Do More’

“The shift also comes after a political campaign that saw party orthodoxy upended on both sides of the aisle.”

Read more: http://www.nbcnews.com/politics/congress/poll-record-number-americans-say-government-should-do-more-n749766

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