On Friday, the National Security Agency (NSA) released a memo claiming that it “touches” 1.6% of all Internet traffic and that just 0.025% of data is selected for review. “The net effect is that NSA analysts look at 0.00004% of
New York Governor Andrew Cuomo bagged $100,000 in campaign donations from a developer that, two days later, received tax breaks that will cost New York taxpayers $35 million in revenue over 10 years. The company, Extell Development, made two $50,000
Controversial research out of the London School of Economics claims that women with higher IQs have fewer children. Psychologist Satoshi Kanazawa, author of The Intelligence Paradox, found that maternal instincts fall by 25 percent with every extra 15 IQ points.
After fighting anti-fracking forces in the state of New York for years, Chesapeake Energy has decided to walk away from its natural gas drilling leases and go elsewhere. Since 2008, the state of New York has imposed a moratorium on
On Wednesday, America’s biggest bank by assets, J.P. Morgan, revealed that it is under federal criminal and civil investigation for actions involving mortgage-backed securities. In May, the Department of Justice (DOJ) informed J.P. Morgan that its civil division had preliminarily
After months of inaction in the wake of the Internal Revenue Service (IRS) conservative targeting scandal, the IRS is now seeking to rectify delayed applications for tax-exempt status through a fast-track program that allows 501 (c)(4) organizations to receive IRS
With the Obama Administration scrambling to cobble together the Obamacare health insurance exchanges in time for the October 1st grand opening, experts say con artists and fraudsters are eager to begin exploiting the new law’s complexity and government-enforced fines to
Amazon founder Jeff Bezos’s purchase of the Washington Post comes on the heels of his spending $1.7 million on lobbying from January through June of this year, the ninth biggest Silicon Valley lobbying expenditure. Bezos has ramped up lobbying as
With union membership dwindling nationally, labor groups have resorted to launching membership “raids” designed to poach members from rival unions. Just 11.3 percent of U.S. workers now belong to a union, the lowest level in almost a century. The bleak
A new study by University of California-San Diego economics professor James Hamilton finds that the United States has over $70 trillion in off-balance sheet liabilities–an amount nearly six times the on-balance-sheet debt figure. The Treasury debt outstanding is $16.74 trillion.
Guardian reporter Glenn Greenwald warned in a Saturday interview that National Security Agency (NSA) leaker Edward Snowden controls documents that could become America’s “worst nightmare” if exposed. “The U.S. government should be on its knees every day begging that nothing happen to Snowden, because
Two weeks after FOX Business reporter David Asman filed a devastating report raising serious questions about former Montana Governor Brian Schweitzer’s PAC funneling money to a shell non-profit, Schweitzer announced on Saturday he will not run for the U.S. Senate. Schweitzer,
House Republicans looking to continue collecting campaign donations from high tech giants like Facebook, Google, and Microsoft will come under increasing pressure to pass the immigration bill that Silicon Valley has pumped millions into promoting. Reps. Eric Cantor (R-VA), Paul
On Wednesday, Federal Reserve minutes released from its June meeting revealed that Fed officials are split over whether to begin ending the central bank’s “quantitative easing” policy of buying $85 billion of bonds each month. “About half of these participants
Tough new Las Vegas foreclosure laws designed to keep delinquent homeowners in their homes longer have created a yo-yo effect in the housing market where the number of previously owned homes for sale are down and new home building is
In 2010, President Barack Obama and the Democrats sold Obamacare to hesitant lawmakers and an outraged public as a deficit-reducing bill. Now that the president has decided to delay implementation of the employer mandate–against the explicit provisions of the law,
Marine veteran-turned-country crooner Jimmy Rose brought down the house Tuesday night on America’s Got Talent with an original song honoring his Kentucky coal miner roots. Rose’s rendition of his song “Coal Keeps The Lights On” may have done more to humanize President
Venture capital fundraising in the second quarter dried up as the U.S. saw the worst venture capital fundraising quarter in nearly two years. U.S. venture capital firm fundraising dropped 54% to $2.88 billion as 10-year returns yield 6.9% returns versus
President Barack Obama’s nominee to become the next FBI director told senators on Tuesday that he believes waterboarding is torture and is illegal. “When I first learned about waterboarding when I became deputy attorney general, my reaction as a citizen
NYSE Euronext, the company that runs the New York Stock Exchange (NYSE), announced on Tuesday it will buy the scandal-plagued Libor (London Interbank Offered Rate). Libor, which is the benchmark interest rate banks use to loan to other banks, affects
The Obama Administration took a victory lap of sorts on Monday when its White House budget office annual mid-session review showed the 2013 deficit may be under $1 trillion for the first time in President Barack Obama’s presidency. “The 2014
Conservative Washington Post columnist George Will said the Obama Administration’s decision to waive Obamacare’s employer mandate for another year may have handed Republicans opposed to the “Gang of Eight” immigration bill a silver bullet to defeat the legislation. On Sunday,
President Barack Obama announced Monday that he will bring more Silicon Valley tech experts into his White House to help devise a new government system called MyUSA to deliver “a smarter, more innovative and accountable government.” MyUSA will, among other
International Monetary Fund (IMF) chief Christine Lagarde blasted the United States for instituting “absolutely inappropriate” sequester-related reductions in the rate of budgetary growth that she says will retard economic improvement. “The budgetary procedure that is in place in the United States,
Obamacare’s delayed implementation of the employer mandate means health insurance exchanges and the Internal Revenue Service (IRS) will be unable to determine whether individuals are eligible for taxpayer-funded subsidies and will instead now rely on the honor system. Experts say
