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House panel approves bill forcing ISPs to log users’ web history
The House Judiciary Committee approved legislation on Thursday that would require Internet service providers (ISPs) to collect and retain records about Internet users’ activity. CNET reported the bill would require ISPs to retain customers’ names, addresses, phone numbers, credit card numbers, bank account numbers, and temporarily-assigned IP addresses for 12…
IMF chief: Dollar status in doubt if debt crisis persists
WASHINGTON — IMF chief Christine Lagarde warned Thursday that failure to resolve the US debt crisis would likely raise “doubts” about the dollar’s status as the world’s prime reserve currency. “It would probably entail a decline of the dollar relative to other currencies, and probably doubts in the mind of…
Companies with ties to Madoff agree to $1 billion settlement
NEW YORK — Companies accused of aiding Bernard Madoff’s vast pyramid scheme have agreed to pay more than $1 billion to settle a fraud lawsuit, the trustee charged with recovering Madoff’s funds said Thursday. More than a dozen investment funds and a former chief executive of Tremont Group — accused…
Bankers warn Obama, Congress of ‘very grave’ threat if debt limit not extended
The heads of Wall Street’s top banks on Thursday urged President Barack Obama and Congress to reach a deal on the debt ceiling, warning of “very grave” dangers if agreement is not reached. “We strongly urge you to reach an agreement this week,” the chief executives of Bank of America, Citigroup, Goldman Sachs,JPMorgan…
Hackers access data on 35 mln S. Koreans: agency
Hackers using an Internet address registered in China have gained access to major South Korean websites and may have stolen the private information of 35 million users, authorities said Thursday. They breached the systems of Nate (www.nate.com) and Cyworld (www.cyworld.com), both run by SK Communications, the Korea Communications Commission said. Nate is a search engine with…
Struggling Nintendo reports quarterly loss, slashes 3DS price
Japan’s Nintendo Thursday reported a first-quarter loss, lowered its annual forecast and slashed the price of its 3DS handheld console by 40 percent less than six months after its launch. The gaming giant booked a net loss of 25.5 billion yen ($327.9 million) for the April-June quarter and cut its…
Judge throws out suit blocking stem cell funding
In a victory for President Barack Obama’s administration, a US federal judge dismissed a lawsuit that had temporarily blocked government funding for embryonic stem cell research. Wednesday’s ruling was issued by Judge Royce Lamberth, who last year saw merit in the plaintiffs’ case and stunned many scientists by ordering a…
Stocks plummet over debt fight fears
Spurred by plunging stocks and fears of global economic crisis, polarized US lawmakers called a key vote for Thursday and privately hunted for a compromise to avert a default on the country’s debt. Jittery stocks plummeted Thursday amid fears of global economic crisis, as President Barack Obama and his Republican…
GOP fault lines deepen as Boehner says tea party seeks ‘chaos’ in debt deal
The longer the nation’s debt crisis goes unsolved, it seems, the deeper and uglier the fault lines within the Republican Party grow. Paul Teller, the executive director of the Republican Study Committee, a large policy group made up of House Republicans, came under fire from a group of Republicans who…
EBay stock value plunges over $1 billion amid ‘Anonymous’ boycott
Following the announcement of a boycott by hacktivist groups “Anonymous” and “LulzSec,” shares in PayPal parent company eBay plunged by over $1 billion in value before perking back up as opportunistic investors bought into the company in hopes of a deal. Still, as the day wore on, shares in eBay…
Brand new on Raw Story
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- Federal judge: Arizona sheriff Arpaio racially profiled Latinos
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- Russia evacuates ‘drifting’ Arctic research station
- Bryan Fischer: Boy Scouts are now ‘Boy Sodomizers of America’
- Weiner campaign website uses Pittsburgh skyline to represent NYC
- Ex-Bush aide’s son accused of killing a man with a hatchet
Commentary
On Memorial Day, it’s time to make sure our veterans suffering from burn pit diseases get the care they need
By Nora Eisenberg
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Sexual harasser learns same old excuses don’t work anymore
By Amanda Marcotte
The real problem with 'check your privilege': It’s too generous
By Amanda Marcotte
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