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Treasury Secretary: Deficit reduction is not an economic policy
US Treasury Secretary Jacob Lew said Tuesday that reducing the nation’s deficit should not overshadow the need to boost economic growth and job creation. “Important as the deficit is, it cannot be our guiding star. Deficit reduction alone is not an economic policy,” Lew said in a…
Gerald Celente: Prepare For The Coming Economic Collapse
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When Is The Government Going To Shut Down Bitcoin?
Do you actually believe that the central banks of the world are going to sit back and do nothing while their monopoly over money creation is being threatened? … Read More
Audit finds Scott Walker’s job creation agency repeatedly broke law
Gov. Scott Walker’s job creation agency has been plagued by repeated law-breaking and mismanagement, according to an audit released by the state’s non-partisan Legislative Audit Bureau.In a report that was almost 100 pages, the Bureau sharply criticized the Wisconsin Economic Development Corp., created in 2011 by Walker and the state legislature, and called for much more oversight.From the Associated Press:The audit faulted WEDC for not having sufficient policies to administer its $520 million worth of grant, loan and tax credit programs effectively, including some policies required by law. It awarded $80 million in its first year. The agency did not consistently follow the law or existing policies when making awards, and had no policies for determining how to handle delinquent loan amounts, the audit said. It lacked invoices or other contractually required documentation showing authorized costs for seven of 29 grants reviewed, the audit said. Four contracts gave $906,000 total in tax credits for job creation and employee training that had already occurred, the audit said. Twelve of 14 recipients of grant and loan contracts worth at least $100,000 did not submit verified financial statements as required by law, the audit found.”This audit dates back to 2011 and largely reflects information that WEDC has known for some time,” a Walker spokesman said in a statement. “This new agency has taken proactive and positive measures to address its issues, and Governor Walker is confident in the direction of WEDC as an agency that aims to promote job creation and economic growth for Wisconsin.”Continue Reading… … Read More
Crowd-funded documentary hopes to present Aaron Swartz’s life and struggles
The documentary, which is to be directed by Brian Knappenberger, has thus far managed to collect $15,000 through Kickstarter, with 29 days to go to reach its funding goal of $75,000. Knappenberger, who recently directed the Anonymous documentary “We Are Legion: The Story of the Hacktivists,” looks to depict Swartz’s early emergence on the hacktivist scene, in addition to his early interest in politics that blossomed into a prominent role in advocating for open access to knowledge and online resources. The film will also highlight Swartz’s involvement in Reddit prior to its acquisition by Condé Nast, as well as his pivotal role in the creation of the world’s first RSS protocol, which quickly became the backbone of a multitude of online tools still in use today. More importantly perhaps, Knappenberger will delve into Swartz’s arrest following a mass download of millions of academic articles from the online service JSTOR in 2011, and the subsequent legal battle widely believed to have driven the young activist to suicide. Of particular interest will be the project’s focus on the federal prosecution’s tactics under US Attorney Carmen Ortiz and Assistant US Attorney Stephen Heymann, who pursued an aggressive Internet fraud case against Swartz that eventually saw him charged with eleven counts of violating the Computer Fraud and Abuse Act of 1984 (CFAA). The CFAA itself has been the subject of criticism from Internet activists and some lawmakers, who charge that its outdated definitions leave open the possibility for prosecutorial overreach in cases such as Swartz’s.According to early clips of the film and information provided via its Kickstarter campaign, the film is currently titled “The Internet’s Own Boy,” and will include extensive interviews with family members and individuals who were close to Swartz, as well as members of the academic community at MIT.For its part, MIT became the source of pointed criticism from the online community who rallied around Swartz’s arrest and eventual suicide, accusing the prominent institution of facilitating both his arrest and heavy-handed prosecution.Since Swartz’s suicide, California congresswoman Zoe Lofgren has spearheaded efforts to enact “Aaron’s Law,” a proposal which would seek to change the CFAA and federal wire fraud statutes to prevent prosecution over a large variety of crimes under terms-of-service violations.Fittingly, the new documentary will be released under a Creative Commons license, which means that it is likely to be available for download in a variety of open-copyright formats. Knappenberger hopes to complete the film by the end of 2013, and expects the full project to cost around $175,000 to complete. … Read More
Nigel Farage on Greek Bailouts and Euro Crisis
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