Month: June 2012

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Putin exploits his KGB roots

During the reign of the USSR, raids by the secret police were commonplace. However now in 2012, the Russian police aren’t very secretive about it. Last week we reported of legislation from the Kremlin aimed to diffuse protests against Russian President Vladimir Putin. In addition to infringing on Russians’ rights to assemble, Putin

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Indiana legalizes cop killing

Everyday the U.S. is slowly converting to a military state. Authoritarian policies have continuously expanded yet Americans hardly bat an eye. Fortunately, there are still some few politicians left who are working to protect the rights of their constituents. Indiana is a prime example where legislation was recently passed to guard citizens’ right

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The first BRIC to bust

In 2001, Jim O’Neil first coined the acronym “BRIC” when referring to the shift in economic development from G7 nations, to the big four: Brazil, Russia, India and China. These countries have continued to grow since then, however India is now on the way down as S&P recently warned that they might soon

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Majority of Americans against Obamacare says new CBS poll

When Barack Obama came into office, one of his platforms was “health care for everyone”. Hence Obamacare was created and it is now scheduled to be examined by the Supreme Court over its constitutionality. In an election year however, this legislation may hurt his reelection chances as a new CBS poll reports most

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U.S. military preparing for a war at home

One of the greatest indictments to the idea of putting a physical fence along the U.S. border was that not only could it keep trespassers out, but it could also keep citizens in. As the President has now approved the use of aerial drones on U.S. soil, citizens are becoming more like prisoners

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Citi predicts three “GrExit” scenarios

Everyone is pretty aware of the terrible situation Greece is in and with their newly elected anti-bailout leadership, it’s highly likely that they will leave the EU. In a recent analysis of the situation, Citi has released a mock up of three scenarios with the most disastrous being a “Disorderly GrExit”. In that

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The Chinese are getting out of Europe

Last week we reported that European hedge fund managers were liquidating their European assets to reduce exposure. Now it appears that the lend-happy Chinese will be doing the same. This looks really bad for Europe as a whole as investors are steering clear of its volatility. BBC reports: “China’s sovereign wealth fund, China

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Never make a bad password again

We live in a digital age we’re most of us have more online accounts than we can count. Some accounts contain really sensitive information like logins for you bank and credit card accounts. That is why it’s more important than ever to develop good password habits. Here’s a trick I learned to created

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Burma

Another boost to Burma’s democratic rise

As a result of Burma transitioning from a former military state to a democracy, neighbor nations are beginning to reopen trade relationships. This could indicate rising business opportunities as larger countries like Australia are lifting their sanctions and increasing foreign aid. Sky News Australia reports: Lifting Australia’s sanctions on Burma will add momentum

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It starts: the government’s plan to steal your money.

June 12, 2012 New York City There are consequences to being flat broke. There are consequences to investing any level of confidence in a financial system underpinned by debt and the creation of paper currency. There are consequences for ignoring reality and pretending that everything is normal. This is one of them: European officials yesterday

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Gold: volatile or risky?

June 11, 2012 London It’s common in financial markets for investors to conflate what we call ‘volatility’ with what we term ‘risk’. They are not exactly the same thing. More specifically, volatility is an inevitable by-product of investing in a financial market. As JP Morgan (the man, not the bank) once said: markets

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After printing trillions Bernanke realizes “a trillion there, a trillion here” won’t fix the economy

On Thursday, Fed Chairman Ben Bernanke addressed congress and their concerns over low interest rates and the stagnant economy. Throughout Bernanke’s entire conversation, one of the few accurate statements he made was, “a trillion there, a trillion here” won’t solve the growing deficit, which was quite contrary to his past behavior of printing

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San Francisco mounts security cameras that try to predict the future

In 2002, Tom Cruze stared in the sci-fi action flick Minority Report. Cruze played a futuristic cop that had access to psychics that could predict crimes before they occurred. Once, thought to be only fiction, new computer and camera technology are combining to make crime-prediction a reality. The New American explains: The United

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Judge advocates transparency for electronic surveillance orders

In the 21st century, digital privacy has become a serious issue for both internet users and the government. As a result, authorities are becoming more proactive in electronically spying on suspected criminals. In a recent paper entitled “Gagged, Sealed & Delivered,” U.S. Magistrate Judge Stephen Smith reveals the gross number of electronic surveillance

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