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FBI disables ‘Coreflood’ botnet, seizes servers
WASHINGTON – The US authorities have disabled a vast network of virus-infected computers used by cyber criminals to steal passwords and financial information, the Justice Department and FBI announced Wednesday. The “Coreflood” botnet is believed to have operated for nearly a decade and to have infected more than two million…
Gold prices to strike records ‘above $1,600 this year’
LONDON – Record-breaking gold will likely surge past $1,600 per ounce for the first time later this year, driven by fears over high inflation and low global interest rates, consultancy GFMS forecast Wednesday. “We would not be surprised … to see gold break through $1,600 before the end of the…
Wall St. wives got a secret $220 million bailout from the Fed: report
A report in the latest edition of Rolling Stone magazine made waves Wednesday for revealing what it called a secret, roundabout bailout of $220 million, given to Wall Street wives by the U.S. Federal Reserve. “According to popular legend, we’re broke and in so much debt that 40 years from…
AP falls for hoax: General Electric is not donating $3.2 billion to the U.S. Treasury
Update (below): ‘The Yes Men’ take credit for stunt Through the use of legal tax shelters and benefits, General Electric (GE), the largest corporation in the world, was on track to pay approximately nothing in U.S. taxes on more than $14.2 billion in profits last year. Facing public outcry over…
FCC warns of ‘spectrum crunch’ from smartphones, iPads
LAS VEGAS (Reuters) – Some U.S. airwaves used for free, over-the-air TV signals must be repurposed for mobile broadband use to tackle a looming spectrum crisis, the top U.S. communications regulator said on Tuesday. The Federal Communications Commission wants Congress to grant it authority to hold incentive auctions that would compensate television broadcasters for giving…
Facebook saga grows with new legal drama
SAN FRANCISCO – The drama of the Facebook story heightened on Tuesday as a man with a shady past used old emails and a powerful law firm to press his claim to half the online social networking firm. A legal claim filed last year by Paul Ceglia and deemed dubious…
San Francisco considers requiring ID scans for most public events
The San Francisco Entertainment Commission was scheduled Tuesday to consider a proposal that would mandate ID scans for every person entering a “place of entertainment” attended by more than 100 people — a move that immediately sparked the fears of civil libertarians, who saw it as yet another encroachment of…
The greenest car you’ve (likely) never heard of
GREENSBURG, Indiana — The greenest car you’ve likely never heard of will soon be hitting Honda showrooms across the United States as the Japanese automaker expands sales of its compressed natural gas powered Civic. Honda has been quietly winning green car awards for more than a decade as it cautiously…
In Indonesia, tobacco smoke promoted as cancer cure
JAKARTA (AFP) – An Indonesian woman exhales cigarette smoke into the mouth of a gaunt, naked patient at a Jakarta clinic, where tobacco is openly touted as a cancer cure. The Western patient is suffering from emphysema, a condition she developed from decades of smoking. Along with cancer and autism,…
Banking culture still rewards risk, pays too well: survey
LONDON (Reuters) – Banks need to do more to shift away from a culture of risk and the excessive pay structures that prevailed before the financial crisis, an industry report said. Banks have made progress since 2008 as top management and boards have become more involved in setting risk policy…
Brand new on Raw Story
- Chick-fil-A donates gift cards to Ohio ‘Biblical Marriage’ event
- Tunisian activist who posted topless photos arrested for ‘immoral gestures’
- Suspect still at large after setting Texas woman on fire
- Gohmert: IRS ‘would have shot the Boston Tea Party’
- Billionaire Carlos Slim to buy U.S. mobile phone company Start Wireless Group
- Congressmen to Hagel: Where Are the Missing War Records?
- Five killed in botched bank robbery in Israel
- Finnish startup launches smartphone to rival their former company Nokia
- Russia: Security services foiled terrorist attack on Moscow
- Alex Jones: Democrats stole election, want to ‘legalize the 30 million illegals’
Commentary
An open letter to the Center for Inquiry
By Amanda Marcotte
Stop whining about Millennials
By Pando Daily
Six ways the GOP could screw up the Obama administration’s scandals
By Ana Marie Cox, The Guardian
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