News Clips - June 6
Ever since the beginning of the financial crisis and quantitative easing, the question has been before us: How can the Federal Reserve maintain zero interest rates for banks and negative real interest rates for savers and bond holders when the US government is adding $1.5 trillion to the national debt every year via its budget deficits? Not long ago the Fed announced that it was going to continue this policy for another 2 or 3 years. Indeed, the Fed is locked into the policy.
Four years ago, Barack Obama convinced millions of Americans that he would unite the country and the world. He has failed. Inside America, as well as around the world, there is a huge divide between what people want and what they have. In places like the Mideast and Africa, it is a bloody divide. The question many people want answered is: Will violence come to America?
Calling the New York Police Department's spy operations unconstitutional and discriminatory, a group of New Jersey Muslims will be the first to file a legal challenge against the NYPD over its years-long surveillance operation targeting Muslim-owned businesses and houses of worship.
Spain's budget minister has gone on the radio today begging for an immediate bailout between €40 billion and €90 billion which is between 2 to 4 times the originally estimated €20 billion amount. On the air he warned that Spain's outstanding €1 trillion worth of debt to foreign investors and other regulatory restrictions prevent the nation from accessing alternative bailout mechanisms already in place.
Children exposed to multiple CT scans could be up to three times likelier to contract cancer of the blood, brain or bone marrow later in life, according to research published on Wednesday.
"We are constantly on the lookout for malicious activity on our systems, in particular attempts by third parties to log into users' accounts unauthorized. When we have specific intelligence – either directly from users or from our own monitoring efforts – we show clear warning signs and put in place extra roadblocks to thwart these bad actors," Eric Grosse, VP of Security Engineering, said in a statement posted on Google's security blog.