Hackers are attacking the electric grid

And computer scientists are trying to stop them. Hacking the grid. Sinelab Last September, news broke that hackers had laid siege to the U.S. power grid, probing deep into dozens of energy firms, looking for weaknesses to exploit. The Department of Homeland Security issued a threat warning about an ongoing stream of malware attacks that could… Please follow and like us:

Read More

China the winner after pointless Canada-U.S. meeting on North Korea

By Charles Burton, Associate Professor of Political Science, Brock University. Foreign Affairs Minister Chrystia Freeland and U.S. Secretary of State Rex Tillerson speak following a meeting on the security and stability on the Korean Peninsula in Vancouver. THE CANADIAN PRESS/Jonathan Hayward This week’s foreign ministers’ meeting on security and stability on the Korean Peninsula in Vancouver… Please follow and like us:

Read More

TransCanada says it has secured enough customers to proceed with Keystone XL pipeline

SALT LAKE CITY — The Canadian pipeline company that set out a decade ago to build the $8-billion Keystone XL oil pipeline across the Great Plains said Thursday it had secured enough shipping orders to proceed with construction. A statement released by TransCanada stopped short of making a commitment to construct the 1,189-mile pipeline from Hardisty,… Please follow and like us:

Read More

China’s Economy grows by 6.9 percent in ’17

Industrial output continues at brisk pace, climbing year-on-year China’s economic growth beat forecasts to reach 6.9 percent year-on-year in 2017, marking the first acceleration since 2010 despite financial regulatory tightening and measures against pollution that affect growth. Analysts said as growth stabilizes, the country will strengthen regulations and reforms to pursue high-quality development. GDP growth in… Please follow and like us:

Read More

Anger as Wells Fargo accidentally wipes out some customer bank accounts

Some Wells Fargo customers found their bank accounts drained to zero Wednesday when some sort of glitch caused their online bill payments to be processed twice. Numerous customers — so many that Wells Fargo’s customer service phone lines were jammed Wednesday night — were discovering that recent payments they had made using the bank’s online Bill… Please follow and like us:

Read More

Oil market heads towards ‘smooth rebalancing’: OPEC

After long years of punishingly low oil prices, the global oil market is moving closer to reaching a healthy balance between supply and demand, OPEC said on Thursday. In its monthly oil market report, the Organization of Petroleum Exporting Countries said there were “growing indications that the oil market is heading smoothly toward rebalancing.” Prices were… Please follow and like us:

Read More

Cashing Out Bitcoin: What To Know About Tax And The IRS

If you’ve sold some Bitcoin, it is important that you know Uncle Sam wants his share too. Back in 2014, the IRS issued Notice 2014-21 stating the government’s position on what they call “virtual currencies.” It stated that such assets are considered property rather than currency. Under the rules for sales of property such as stocks,… Please follow and like us:

Read More

Donald Trump’s ‘Fake News Awards’ red-face moment for media, riot for right

The results are in and a top winner of the 2017 “Fake News Awards” goes to – drumroll, please – The New York Times for a Paul Krugman story that predicted a dire outcome for the economy because of President Donald Trump’s win of the White House. As we all know, the economy has actually rallied… Please follow and like us:

Read More

Why Are The Markets Not Correcting

So let’s get to it, what did we learn over the past week? We were informed by Intel that its computer chips were affected by a bug that makes them vulnerable to hacking. All computers with Intel chips from the past 10 years are affected. Considering that computer chips are basically the backbone and brain behind… Please follow and like us:

Read More

Merrill: Managers Expect Stock Peak in ‘2019 or Beyond’

Global investors raised their allocation to equities to net 55% overweight in January, a two-year high, according to the latest Bank of America Merrill Lynch fund manager survey. Allocation to bonds fell to a four-year low of net 67% underweight. Investors in January were the most overweight equities relative to government bonds since August 2014, Merrill… Please follow and like us:

Read More

Report: Netflix, Amazon, movie studios file suit against Dragon Box streaming device

It’s no secret that TV is having a renaissance right now. With the rise of streaming, smartphones and internet TV, an assembly line of scripted shows, movies and documentaries about all sorts of topics are in production. Along with sparking fierce competition, this has put high demand on the technology it takes to watch these content.… Please follow and like us:

Read More

Trump, US Lawmakers Facing Government Shutdown Threat

House Republicans plan to go ahead with a vote on a temporary spending measure aimed at keeping the U.S. government open after a midnight Friday deadline. U.S. President Donald Trump threw the vote into doubt Thursday with a tweet that indicated his opposition to part of the plan, but House Speaker Paul Ryan said later that… Please follow and like us:

Read More

Mulvaney’s first funding request for the Consumer Financial Protection Bureau: zero

WASHINGTON — In his first quarterly funding request as acting director of the Consumer Financial Protection Bureau, Mick Mulvaney is asking for nothing. “This letter is to inform you that for the Second Quarter of Fiscal Year 2018, the Bureau is requesting $0,” he wrote Wednesday to Janet L. Yellen, chair of the Federal Reserve, which… Please follow and like us:

Read More

Amazon names 20 finalists in search for HQ2

SEATTLE — Amazon on Thursday narrowed the field in its search for a second headquarters city, plucking 20 finalists from among the 238 proposals the retail giant received in October. The list included several cities widely seen as favorites, including Atlanta, Austin, Texas, and Boston. Also included in Amazon’s shortlist were dark horse candidates including Nashville… Please follow and like us:

Read More

New study: Aldi, Walmart and Kroger drop prices when Lidl opens nearby

Lidl, the German discount supermarket chain known for high quality and low prices, has opened dozens of stores in the United States over the past six months. But what effect is Lidl really having on the grocery wars? A new report says it’s forcing other retailers to lower their prices! RELATED: How I cut my food… Please follow and like us:

Read More