Two years ago, researchers at Moscow-based Kaspersky Lab discovered their corporate network was infected with malware that was unlike anything they had ever seen. Virtually all of the malware resided solely in the memory of the compromised computers, a feat that had allowed the infection to remain undetected for six months or more. Kaspersky eventually […]
Finance
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Judge Blocks $48 Billion Anthem-Cigna Merger…
A federal judge on Wednesday ruled against U.S. health insurer Anthem Inc’s proposed $54 billion merger with smaller rival Cigna Corp, derailing an unprecedented effort to consolidate the country’s health insurance industry. The U.S. Justice Department sued in July to stop Anthem’s purchase of Cigna, a deal that would have created the largest U.S. health […]
San Francisco to Offer Free College for All…
“Even the children of the founders of Facebook” will now receive free community college education in San Francisco, Supervisor Jane Kim proudly commented as city leaders agreed to become the first city in the nation to offer its citizenry this ‘basic human right’…
Former Federal Reserve Staffer Says Economists at Central Bank Don’t Know How Economy Works…
A former staffer at the Federal Reserve Bank of Dallas has criticized the central bank, saying economists employed there don’t know how finance and the economy works, the Wall Street Journal reported. Danielle DiMartino Booth was hired as an adviser to Richard Fisher, a former president of the Dallas Fed who also criticized quantitative easing—the […]
SoCal Gas to Pay $8.5N to Settle Lawsuit over Aliso Canyon Leak…
Southern California Gas Co. will pay $8.5 million to settle a lawsuit filed by air quality regulators over the nearly four-month Aliso Canyon gas leak and will fund a study of potential community health impacts. Under a settlement signed Wednesday with the South Coast Air Quality Management District, the utility will pay $5.65 million in […]
Intel Investing $7B in Arizona Facility, Creating 3k High-Wage Jobs…
Intel Corp. announced plans today to invest more than $7 billion to complete the most advanced semiconductor factory in the world in Chandler. The completion of the high-volume factory, known as Fab 42, will take three to four years and create 3,000 high-tech, high-wage Intel jobs for process engineers, equipment technicians and facilities support engineers […]
More Unbelievable Facts From The US Government’s Own Financial Reports…
Yesterday I told you that the US government had recently released its annual financial report to the public. And the numbers are pretty gruesome. For example, the government’s “net loss” in fiscal year 2016 more than doubled, from MINUS $467 billion to MINUS $1 trillion. It’s astonishing that anyone could manage to lose so much […]
Seattle Just Divested Billions from Wells Fargo over Dakota Access Pipeline…
The movement to stop the controversial Dakota Access pipeline through financial activism took an important step forward today, as the Seattle City Council voted 9-0 to approve a bill that terminates a valuable city contract with Wells Fargo. The bank, one of the largest in the United States, has provided more than $450 million in […]
Budweiser Boycott Launched over Super Bowl Commercial…
A small American brewer is encouraging consumers to ditch Anheuser-Busch in response to the company’s Super Bowl commercial and vow only to drink “anti-globalist beer” in the future. William Kelly, owner of Citizen Kelly’s Irish Ale, said the commercial recounting beer tycoon Adolphus Busch’s journey to America from Germany was politically charged…
Trump Is Right: Germany Is Running an Illegal Currency Racket…
As a matter of strict objective fact, Donald Trump’s trade guru is correct. Germany is the planet’s ultimate currency manipulator. The implicit Deutsche Mark is indeed “grossly undervalued” The warped mechanism of monetary union allows Germany to lock in a permanent ‘beggar-thy-neighbour’ trade advantage over Southern Europe, inflicting mass unemployment on…
U.S. Tax Evaders Could Lose Passport and Face Travel Ban…
The US Internal Revenue Service (IRS) says that under the so-called FAST Act it will start certifying tax debt to the State Department, which may then refuse to issue or renew a taxpayer’s passport. The FAST Act (Fixing America’s Surface Transportation Act) was passed by the Congress and signed into law by President Obama in […]
Shocking Fact in Today’s Job Report: Employment Stalls…
Today’s employment report shows a robust increase of 227,000 jobs. The good news stops there. The rest of the report was horrific. The big news is in employment where the three-month trend worsened. In the last three months, employment has only risen by a grand total of 33,000. Employment in January declined by 30,000. For […]
Human Ken Doll…
He’s earned the nickname of ‘The Human Ken Doll’ thanks to his quest to create the perfect face. And Rodrigo Alves has dismissed claims he’s gone too far with extreme procedures, insisting during his appearance on Friday’s installment of This Morning that he was free to stop at any time – even though he has […]
Macy’s Surges On Hudson’s Bay Takeover Report; Would Add To Portfolio Including Saks And Lord & Taylor…
With Macy’s making the headlines in the past few days on speculation it was shopping itself for a potential buyer, a thesis first laid out by David Einhorn one year ago, moments ago the WSJ reported that Hudson’s Bay, the Canadian owner of Saks and Lord and Taylor, has made a takeover approach for the […]
The End of Employees…
No one in the airline industry comes close to Virgin America Inc. on a measurement of efficiency called revenue per employee. That’s because baggage delivery, heavy maintenance, reservations, catering and many other jobs aren’t done by employees. Virgin America uses contractors…
First Trillionare??? Rothschild’s?!?…
Bill Gates is set to become the world’s first trillionaire within 25 years. And that’s despite the Microsoft founder’s “commendable efforts” to try and share it around, a report by Oxfam into poverty inequality has found…
How We the People Were Screwed by Obama’s Bogus “Recovery” by Mike Whitney…
It’s amazing how Obama was able to dupe the American people into believing that the weakest expansion in the postwar era, was an “economic recovery.” Frankly, it boggles the mind. Think about it for a minute: Productivity, business investment, personal consumption, inflation and growth have all been either sputtering-along at half speed or at historic […]
“This Is Unacceptable” – Congressman Slams Yellen For Prioritizing Foreign Banks Over “America’s Interests”…
The-Other-“Ban” that Was Quietly Announced Last Week…
Most of the world is in an uproar right now over the travel ban that Donald Trump hastily imposed late last week on citizens of seven predominantly Muslim countries. But there was another ban that was quietly proposed last week, and this one has far wider implications: a ban on cash…
Donald Trump Has a Goldman Sachs Problem: Derivatives…
In the midst of being skewered across media outlets yesterday for his chaotic rollout of an Executive Order that appeared to target Muslims, including those legally living in the U.S. as businessmen, doctors, university faculty and students — who were initially denied reentry after travel abroad — President Donald Trump tried desperately to change the […]
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