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Archive for July, 2012

Emergency Preparedness
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Florida cops kill innocent man at his own home

Hearing a knock on his door at 1:30 am, a perplexed Florida man answered the door to see what kind of unannounced visitors were outside. Holding a gun for security, 26-year old Andrew Scott was instantly shot dead by police after he opened the door. It took the Lake County Police Department an hour and [...]

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War in August? US sends fourth aircraft carrier and dozens of underwater drones towards Iran

The US Navy has unexpectedly dispatched a fourth aircraft carrier to the Persian Gulf, along with a fleet of underwater drones in what is being considered just the latest move in a series of escalations leading towards a potential war with Iran. The deployment of dozens of small, unmanned submarine-like watercraft was confirmed by the [...]

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The Euro Crisis Will End With Something ‘Impossible’ Happening

other possibility … Basically, eventually the ECB stops propping up all the banks (as they are now), and you get bank runs, bank holidays, and currency redenominations. That would mean the end of the euro system, which would then bring “cataclysmic” effects, both economic and legal.  

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Spain bows to EU ultimatum with drastic cuts

Spanish premier Mariano Rajoy has raised VAT sharply in a humiliating volte-face and pushed through €65bn (£51bn) of drastic austerity measures to comply with a European Union ultimatum, risking a downward spiral into full depression. Hours before, daily newspaper El Pais had stunned the nation by publishing the leaked “Memorandum” imposed by the eurozone’s creditor [...]

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Politicians Unlikely to Save Euro Now

The euro is living on borrowed time. And, with European politicians as well as the European Central Bank, illustrating little ability to save it, that time is running out fast. What initially looked like a template for a solution has proved to be more of a minefield of fresh problems. The bailout for Spanish banks, for [...]

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Obama grants DHS power to takeover commercial, private communications in emergency

Should disaster strike the U.S., the secretary of Homeland Security will be in charge of re-establishing and prioritizing communications to ensure the continuation of the federal government, according to a new executive order from PresidentBarack Obama. The executive order, signed on Friday, once again expands the powers of the Department of Homeland Security — this time [...]

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Germany urges swift court verdict over bailout fund

Germany’s top court agreed on Tuesday to examine complaints lodged against the EU’s bailout fund and new budget rules but gave no date for its verdict, keeping investors on tenterhooks over the prospects for overcoming the euro zone crisis. “We are in a very serious situation. Nobody can predict what will happen,” he told the [...]

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Kaspersky asks int’l community for rules on ‘cyber warfare’

Kaspersky internet security firm owner Eugene Kaspersky has urged the international community to set rules on “cyber warfare” as he warns of “a new period of global conflict” with the release of malwares Flame, Stuxnet and Duqu. “There aren’t many people who currently understand the danger of cyber weapons. It’s hard to believe that some [...]

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China’s Economy: Apocalypse Soon?

Analysts and government planners are now resigned to the fact that the growth rate in 2012 will slip under the once-magic (and numerologically auspicious) figure of 8 percent. Instead, keeping growth above 7 percent has become the immediate task at hand, especially with the important 18th Party Congress coming this autumn. Nomura, the Japanese financial [...]

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Police requesting Americans’ cellphone data at staggering rate

Police are monitoring Americans’ cellphone use at a staggering rate, according to new information released in a congressional inquiry. In letters released by Rep. Edward J. Markey (D-Mass.), cellphone companies described seeing a huge uptick in requests from law enforcement agencies, with 1.3 million federal, state and local requests for phone records in 2011 alone. [...]