Subscribe
Ammunition
Search
Thursday
Dec142017

Video: Tom Fitton on credibility problems of DOJ and FBI

Judicial Watch President Tom Fitton on “Fox News @ Night” on the Fox News Channel discussing Peter Strzok’s anti-Trump texts. Strzok is the former deputy assistant director of the FBI who was dismissed in August from Special Counsel Robert Mueller’s Russia investigation.

Click to read more ...

Thursday
Dec142017

The FBI Scandal Hiding in Plain Sight

If you’re looking for a Justice Department scandal regarding Robert Mueller's investigation into Russia's influence of the 2016 election, it's hiding in plain sight. Look no further than the government's release of the private texts between Peter Strzok and Lisa Page.

Both Strzok, an FBI counter-intelligence agent, and Page, an FBI lawyer, were involved in the 2016 investigation into Hillary Clinton's private email server, and were both briefly on Mueller's team investigating Russia's influence of the 2016 election. In the texts from 2015 and 2016, they complained about the Republican presidential nominee's intelligence and demeanor (including in unprintable terms). In July, those private texts came to the attention of the Justice Department's inspector general. The FBI reassigned Strzok to human resources, while Page left the special counsel's probe.

Click to read more...

Thursday
Dec142017

Fault Lines Are Growing at the Fed

next to last meeting as chair of the policy-making Federal Open Market Committee was anything but a nonevent and foreshadowed tensions to come.

Granted, the Federal Reserve acted as expected, nudging up its benchmark rate by a quarter point and keeping its projections for three increases next year. Fed officials also didn't anticipate a massive boost to the American economy from tax cuts likely to pass Congress soon. And that is fine. One of the pluses of this often maligned eight-year expansion is its solid-but-steady nature. That's given it durability.

But just under the surface, changes to the Fed's labor-market forecasts and renewed dissent by a long-time dove showed fault lines growing ahead of Jay Powell's term as chair, which will begin early next year. (He needs to be confirmed by the Senate as Yellen's successor; that is a done deal.)

Click to read more...

Thursday
Dec142017

The FCC has reversed a 2015 rule that could change how you access and pay for internet service

The FCC voted on Thursday to eliminate the Open Internet Order, better known as "net neutrality" regulations.

The decision will give more power to internet service providers (ISPs) to set pricing and prioritize different types of internet traffic.

"For those of you out there who are fearful about what tomorrow will bring, take a deep breath, this decision will not break the internet," FCC Commissioner Michael O'Reilly said. "While repealing net neutrality rules grabs headlines... net neutrality started as a consumer issue but soon became a stepping stone to impose vastly more common carrier regulation on broadband companies."

Click to read more...

Thursday
Dec142017

Saudi, UAE Central Banks Team Up to Test Cryptocurrency

The central banks of the United Arab Emirates and Saudi Arabia are reportedly launching a pilot initiative that will see the two institutions test a new cryptocurrency for cross-border payments.

Regional news sources such as The National and Gulf Digital News report that Mubarak Rashid al-Mansouri, the UAE central bank's governor, unveiled the initiative at a meeting of the Arab Monetary Fund (AMF). Though a press release tied to the Dec. 13-14 meeting does not directly relate to cryptocurrency, it does reference that financial technology topics more generally will be up for discussion among the group of central bankers and financial regulators.

According to GDN, al-Mansouri praised the effort as a first for the region.

Click to read more...

Thursday
Dec142017

3 Questions for Governments Embracing Blockchain in 2018

Governments are custodians of their citizens' most precious information – their Social Security numbers, their tax information, their votes, their identities. Now, a new technology is emerging that supports open government initiatives focused on unleashing innovation in the public sector. Using blockchain, governments can address the dual challenges of trust and transparency, and the need for data protection and privacy. Citizens increasingly expect the same ease, efficiency and innovation from public services that they currently enjoy in the private sector. Conflicting data formats, longstanding interoperability challenges and a need to balance the benefits of openness against a need to protect privacy have made it difficult for governments to unleash the full potential of their data – until now.

Click to read more...

Thursday
Dec142017

FBI Texts Reveal "Insurance Policy" To Prevent Trump Presidency

"I want to believe the path you threw out for consideration in Andy's office - that there's no way he [Trump] gets elected - but I'm afraid we can't take that risk." writes FBI counterintelligence officer Peter Strzok to FBI lawyer Lisa Page, with whom he was having an extramarital affair while spearheading both the Clinton email inquiry and the early Trump-Russia probe, adding "It's like a life insurance policy in the unlikely event you die before you're 40."

Text-from Peter Strzok to Lisa Page (Andy is Andrew McCabe): "I want to believe the path u threw out 4 consideration in Andy's office-that there's no way he gets elected-but I'm afraid we can't take that risk.It's like an insurance policy in unlikely event u die be4 you're 40" — Bret Baier (@BretBaier) December 13, 2017

Click to read more...

Wednesday
Dec132017

A Huge Security Hole In AT&T DirecTV Gives Hackers An Easy Route To Spy On Your Home

FORBES

If you're one of the millions of people who've signed up to AT&T's DirecTV service, there may be an easy way for hackers to get into your home and spy on you. That's because of a vulnerability that's yet to be fixed in a core part of the Genie digital video recorder system that's shipped free of charge with DirecTV.

The issue resides in the wireless video bridge that lets other devices like phones or laptops communicate with the Genie DVR over the air. In this case that's the Linksys WVBR0-25. Security researcher Ricky Lawshae, from Trend Micro DVLabs, was able to immediately get data from the device's web server as there was no login page.

Click to read more...

Wednesday
Dec132017

Washington’s secret wars

The Trump White House Monday issued a so-called “War Powers” letter addressed to Speaker of the House Paul Ryan and the president pro tempore of the Senate, Orin Hatch, to “keep the Congress informed about deployments of United States Armed Forces equipped for combat.”

In 1973, against the backdrop of the debacle of the Vietnam War, the US Congress, overriding the veto of then-President Richard Nixon, passed the War Powers Act. The aim of the legislation was to prevent future presidents from waging undeclared and open-ended wars with little or no accountability to Congress, which under the US Constitution has the exclusive power to declare war.

It gave the president the right to use military force at his discretion for up to 60 days—itself a huge concession of power to the executive branch—but required withdrawal after a total of 90 days if Congress failed to vote its approval of military action.

Click to read more...

Wednesday
Dec132017

Fusion GPS admits DOJ official's wife Nellie Ohr hired to probe Trump

A co-founder of the opposition research firm Fusion GPS acknowledged in a new court document that his company hired the wife of a senior Justice Department official to help investigate then-candidate Donald Trump last year.

The confirmation from Glenn Simpson came in a signed declaration filed in U.S. District Court in Washington, D.C., and provided a fuller picture of the nature of Nellie Ohr’s work – after Fox News first reported on her connection to Fusion GPS.

Her husband, Bruce Ohr, was demoted at the DOJ last week for concealing his meetings with the same company, which commissioned the anti-Trump “dossier” containing salacious allegations about the now-president.

Click to read more...

Wednesday
Dec132017

Uncle Sam's Surprise: Tax Reform to Impact Crypto Investors

The U.S. tax code is on the brink of its largest overhaul in three decades.

And while neither the House of Representatives or Senate version of the tax bill (both have passed in their respective chambers and are in the process of being reconciled into a final bill) specifically addresses cryptocurrency, several rule changes could potentially catch bitcoin holders who realized eye-popping gains in 2017 by surprise.

So far, both versions scrap the "like-kind" exchange mechanism that many cryptocurrency holders have used in the past and the Senate version proposes a "first-in, first-out" (FIFO) accounting framework, which could complicate cryptocurrency token reporting.

Click to read more...

Wednesday
Dec132017

Here Come the Bogus Bitcoin Scare Tactics

The run-up in bitcoin and other crypto assets has offered cynics of all stripes a chance to look smart by condemning cryptocurrency as a "Ponzi scheme" that could "cause a recession.”

These arguments are not new, but they are ignorant.

It is time that we stop allowing people who do not understand (or simply ignore) the truth to comment on this market as if they know something us greater fools simply cannot see.

People who don’t like bitcoin try to call it a Ponzi scheme or a fraud because then they no longer have to discuss its merits. Jamie Dimon does this.

This week, Bert Ely did it too. His opinion piece in The Hill is subtly titled, "Bitcoin is a Ponzi Scheme and Will Collapse like One."

Click to read more...

Monday
Dec112017

Has Our Government Spent $21 Trillion Of Our Money Without Telling Us?

I am co-authoring this column with Mark Skidmore, a Professor of Economics at Michigan State University. 

“No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.” ~ Article I, Section 9, Clause 7, The US Constitution

On July 26, 2016, the Office of the Inspector General (OIG) issued a report “Army General Fund Adjustments Not Adequately Documented or Supported”.

Click to read more...