Business, Politics & Money
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North Korea threatens the White House with retaliation

By: Chris Smith | More News: Business, Politics & Money | Posted: Dec 22, 2014 12:58 pm

If the US sanctions North Korea for an alleged hacking attack, they have been told by the North's National Defense Commission that a retaliation shall be expected on the White House and other high-profile US targets.

 

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US President Barrack Obama stated on Friday that "we will respond proportionately and we'll respond in a place and time and manner that we choose," once again mentioning that he believes North Korea is at fault for the large-scale Sony hacking controversy that has been happening over the last few weeks.

 

North Korea's NDC replied that they "are fully ready to stand in confrontation with the US in all war spaces including cyber warfare space to blow up those citadels," further commenting that "our toughest counteraction will be boldly taken against the White House, the Pentagon and the whole US mainland, the cesspool of terrorism, by far surpassing the 'symmetric counteraction' declared by Obama."

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Poiltitian claims Twitter hack after 'following' pornstar Belle Knox

By: Chris Smith | More News: Business, Politics & Money | Posted: Dec 21, 2014 12:07 pm

Steve Bellone jumped quickly to his own defense after his Twitter account was seen 'following' pornstar Belle Knox - claiming the account was hacked. This County Executive claimed that Mrs. Knox made his shortlist of only 267 people 'followed' through a hijack of his professional account, not by his own means.

 

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Possibly worried about his election campaign Bellone, a father of three, is up for re-election in 2015 and has made clear that this news is solely due to a Twitter hijack of the controversial Knox - who has been seen in headlines recently due to being exposed thanks to a fellow Duke University student shedding some light some extra-curricular activities relating to her employment.

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Australian Tax Office lists Bitcoin as liable for GST

By: Chris Smith | More News: Business, Politics & Money | Posted: Dec 19, 2014 6:08 am

The Australian Tax Office (ATO) has just implemented a ruling that transactions completed in the digital crypto-currency Bitcoin are liable for the Goods and Services Tax (GST), however it's still not classified as 'real money'.

 

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This ruling reads "a transfer of Bitcoin from one entity to another is a 'supply' for GST purposes" with further research into the release commenting that anything involving Bitcoin "will be treated as a barter transaction," still rendering it as not 'real' money. This follows previous reports of this Australian organization claiming Bitcoin to be used for 'barter' only and not classified as a legitimate currency.

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North Korea manufacturing crystal meth on an industrial scale

By: Paul Alcorn | More News: Business, Politics & Money | Posted: Dec 18, 2014 9:52 pm

Poor economy got you down? Well, you can always just cook up some crystal meth. Reality is stranger than fiction, and that trend continues with the news that North Korea is manufacturing crystal meth in industrial facilities. This isn't your garden variety crystal meth either, according to the Committee for Human Rights in North Korea. US officials have verified that the meth, which landed in the US cities of New York and Boston, tests at 96-98% purity. That's a benchmark even the characters on Breaking Bad would consider impressive.

 

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North Korea is no stranger to resorting to illegal activities to cover budgetary shortfalls. Kim Jong-un inherited this illicit lineage from his forefathers, who began dabbling in international crime in the 1970's. During the 1990's a famine engulfed the reclusive country, and over a million people died. During the famine North Korea turned their attention to growing opium, instead of the staples that might have saved innumerable lives. The rationale was that opium could generate far more money for the beleaguered regime, which at the time had just began a round of tough sanctions.

 

The transition to crystal meth began as the popularity of the drug increased in the international market in the 2000's . North Korean crystal meth has been found in China, Japan, and the US. The drugs are distributed through organized crime syndicates, but apparently North Korean officials have no issue with delivering the goods themselves. Several of their ambassadors have been expelled from host countries due to smuggling activities.

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Aussie companies Foxtel and Channel Seven are fighting Netflix

By: Chris Smith | More News: Business, Politics & Money | Posted: Dec 8, 2014 3:55 am

Foxtel and Channel Seven (Seven West Media) are teaming up to support a Netflix-competitor option, Presto. We've recently broken the news that Netflix is looking to launch down under early in 2015, set to provide competitively-priced online streaming of popular movies and TV shows - this news comes to light as local offerings show a desperate need to 'keep up with the times', continue generating profit and maintain their market share.

 

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In response to Netflix's coming, popular Australian cable company Foxtel have teamed up with 'Free TV' Channel Seven to provide their content on top of the library already offered by Presto. There haven't been any TV shows officially announced for this new service yet, however according to their release they will provide a "broad range of locally commissioned and internationally acquired content including drama, comedy, factual and entertainment programming."

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EU and US authorities crack down upon and seize 292 domain names

By: Chris Smith | More News: Business, Politics & Money | Posted: Dec 2, 2014 3:53 am

In an effort to diminish counterfeit product sales, United States and European authorities have conducted a large-scale seizure of domain names just in time for the Christmas period.

 

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Codenamed "Project In Our Sites Transatlantic V", this operation saw 292 domain names seized in total by police across several countries within Europe and including the United States. Based mainly around websites selling counterfeit luxury goods, sportswear, electronics, pharmaceuticals and pirated movies and music, this information has come about by a direct statement thanks to Europol.

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Ferguson Grand Jury reaches decision

By: Paul Alcorn | More News: Business, Politics & Money | Posted: Nov 24, 2014 8:06 pm

The grand jury empaneled to decide whether to indict police officer Darren Wilson in the shooting death of Michael Brown has reached a decision, which will be released later today. Local, state, and federal law enforcement have been bracing for a spate of renewed protests and violent actions in the wake of the pending announcement. Ferguson law enforcement has been asked by community groups to warn them 48 hours prior to the release of the decision so they could brace for public reaction. Many have also decried that as merely a plan for protesters to get organized and prepared for mass violent protests.

 

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Ferguson officials are apparently not providing the aforementioned warning, and plan to announce the verdict this afternoon. Businesses have been boarding up storefronts over the weekend in anticipation of the ruling, which is due any hour now. Even if there is a decision to indict Darren Wilson it may not be enough to assuage protesters.

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Scotland says 'no', rejects independence bid

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Sep 19, 2014 4:54 am

For the last few weeks, the United Kingdom has been hotly debating whether Scotland will vote to cede from the United Kingdom, with the world watching and huge ramifications for the worldwide economy. Today, as votes continue to be counted, it's become clear that the expected knife edge results have come down in favour of the status quo - Scotland has rejected the proposal.

 

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Many of the UK's celebrities have weighed in on the debate, with Scotland's most famous son; Sean Connery leading the charge for the 'yes' camp, alongside Alan Cumming, whilst Helena Bonham Carter, Steve Coogan, Simon Cowell, Dame Judi Dench, Michael Douglas, Richard Dawkins, David Gilmour, Stephen Hawking, Mick Jagger, Eddie Izzard, Paul McCartney, Andrew Lloyd Webber, Susan Boyle, Sting,Gerard Butler, JK Rowling and even Captain Picard himself - Patrick Stewart firmly in the 'no' camp.

 

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The once in a generation campaign for an independent Scotland, led by former BBC Scotland head Blair Jenkins has been years in the making.

Chevrolet Corvette Valet Mode records the people parking your car

By: Shane McGlaun | More News: Business, Politics & Money | Posted: Aug 19, 2014 11:02 am

Anyone who has ever handed the keys to their car over to a valet at an event or restaurant has felt the fear at wondering what the valet will do to your car while you are gone. People with nice cars like the new Corvette Stingray may feel a bit more fear than others. Valets are known to be rather hard on some cars.

 

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GM has announced that the 2015 Corvette fitted with the Performance Data Recorder option will have a slick Valet mode that will record the antics of the Valet while you are inside eating. GM says that the system is rather like a baby monitor for your car.

 

In addition to turning on the recorder, the valet mode will also lock the storage bin behind the center stack display, lock the glove box, and disable the radio and infotainment system. The Data recorder in the car records video for the front of the car overlaid with speed, engine RPM, gear, and g-force.

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Reports Julian Assange preparing to leave Ecuadorian embassy

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Aug 18, 2014 9:01 am

In the last hour, reporters from the UK are sending word that Wikileaks founder Julian Assange may be preparing to leave the Ecuadorian embassy, where he has been holed up for the last two years under the protection of the country.

 

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If Assange leaves the safe house, he will be immediately arrested by London police and likely extradited to Sweden to answer allegations of sexual assault. Assange fears that he may be further extradited to the United States with a long outstanding warrant issued regarding his Wikileaks activities.

 

Assange is said to be suffering worsening health, which has formed his decision to leave the embassy.

 

 

More as it breaks.

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