thenews / Profile

Yes the Government is Spying on You Through Your Webcam – Another “Conspiracy Theory” Proven True Posted on February 27, 2014 I still remember many years ago in response to becoming aware of the possibility that my computer webcam could be accessed

For those who follow folksy Uncle Warren, here is the breakdown of Berkshire's Q4 and full year results, as well as his latest letter to investors. Book value at Dec. 31: $134,973/shr Book value up by 18.2% since ’12 end 4Q oper EPS $2,297, est

Ukraine Orders Full Military Mobilization

At least 92 U.S. anti-poverty programs that cost a combined $799 billion in the 2012 fiscal year form a “complex web” that often contributes to keeping people poor, according to a report from the House Budget Committee. Many federal welfare programs

This has been a rough week for many Bitcoin owners who have lost substantial amounts of money due to the collapse of Mt. Gox, which had been the world’s largest Bitcoin exchange. However, Bitcoin owners who escaped the fraud that took down Mt. Gox

Pop quiz: When really nasty criminals and dictators want to hide their illicit gains, which country do they go to? I’ll make this easy for you– multiple choice: a) Switzerland b) British Virgin Islands c) Hong Kong With all the drama, history, and

Ex-Jefferies & Co. trader Jesse Litvak’s former customers told a jury during his fraud trial in Connecticut that lies and misrepresentations are a common part of the give-and-take of bond trading. Litvak, 39, is on trial in New Haven federal court

Billionaire investor George Soros, the man made famous for breaking the Bank of England by shorting the pound in 1992, reportedly told a German newspaper over the weekend that he’s a euro believer. The full article at Der Spiegel isn’t available

Microsoft Corp. (MSFT) is cutting the price of Windows 8.1 by 70 percent for makers of low-cost computers and tablets as they try to fend off cheaper rivals like Google Inc. (GOOG)’s Chromebooks, people familiar with the program said. Manufacturers

You might be surprised how much of my 32-year career in the City of London was spent thinking about a single economic indicator: U.S. nonfarm payrolls. A lot revolved around predicting that number, waiting for that number, analyzing that number and

Last week, Federal Reserve Chairman Janet Yellen testified before Congress for the first time since replacing Ben Bernanke at the beginning of the month. Her testimony confirmed what many of us suspected, that interventionist Keynesian policies at

The Obama administration announced new guidance for banks Friday, allowing them to do business with legal marijuana dispensaries. The Treasury's Financial Crimes Enforcement Network gave institutions the green light to accept money from marijuana

At first we thought Reuters had been punk'd in its article titled "EU executive sees personal savings used to plug long-term financing gap" which disclosed the latest leaked proposal by the European Commission, but after several hours without a

High-frequency traders have been paying to get direct access to market-moving news releases, a practice that can give firms the ability to trade fractions of a second ahead of less fleet-footed investors. The traders are getting news releases from

Germany’s supreme judges have decided to let Mario Draghi be the euro’s monetary judge, at least for now. While doubting the legality of the European Central Bank bond-buying plan that has defused the euro crisis, the top German court conceded that

With all eyes hope-full-y transfixed on tomorrow's non-farm payrolls data and its confirmation-biased 'select-a-headline' post-data farce, we thought it worth a look at the noise in the signal and a reminder, as Bloomberg's Joseph Brusuelas notes

Corruption across the European Union's 28 countries costs about 120 billion euros ($162 billion) per year -- a "breathtaking" sum equal to the EU's entire annual budget, EU Home Affairs Commissioner Cecilia Malmstroem said Monday. Malmstroem said the

In recent months, the attention of the public has been consumed by concerns over private data abuse by such public spy agencies as the NSA, as well as what personal financial information may have been intercepted by rogue hacker black hats who in the

The Democrats, their union supporters, and liberals in general are making a hard and concerted push for an increase in the minimum wage. President Obama mentioned the subject prominently in his State of the Union address on Tuesday night and even