Wynton Hall

Pentagon: Espionage Strengthening China's Military Power

Monday, the Pentagon released a report detailing China’s vast use of technological espionage to expand its military power. The Pentagon report said China uses foreign investments, commercial joint ventures, academic exchanges, and industrial and technological espionage to strengthen its weapons systems. 6 May 2013

Feds Seek Additional Prisoner Releases

The Federal Bureau of Prisons’ (BOP) “Compassionate Release Program” seeks to reduce prison overcrowding by releasing elderly and infirmed inmates. However, a recent congressional hearing revealed that five federal prisons are currently empty, including one purchased for $165 million last October from the state of Illinois. 5 May 2013

NYT: Real Unemployment at 21.9 Million

On Friday, President Barack Obama’s Chairman of the Council of Economic Advisers Alan B. Krueger took a victory lap of sorts after the Labor Department’s jobs report showed the U.S. added 165,000 nonfarm payroll jobs in April. 3 May 2013

Fed Pumping, Jobs Report Drive Dow to 15,000

The Federal Reserve’s monthly buying of $85 billion in bonds (known as quantitative easing), combined with today’s upwardly revised February and March job gains, powered the Dow to a record 15,000. 3 May 2013

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