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The ability to travel in the United States is about to become more restrictive as the TSA announces it will soon be enforcing new identification standards in American airports. Beginning in 2016, passengers attempting to pass through a federal TSA checkpoint will be subject to the requirements of the REAL ID Act. To that end, the TSA will put higher scrutiny on travelers’ identities, and will only accept a federal passport or a “REAL-ID” card, which is issued by the states to meet federal requirements. Passengers will not be allowed to fly through an American airport without submitting to the advanced federal specifications. Both federal passports and REAL-ID cards require a number of unique personal identifiers to be stored together in government databases, including his or her full name, date of birth, Social Security Number, scanned signature, and other identifiers. Both cards require biometric data: a front-facing digital photograph of the passenger’s face, which is ultimately used with a facial recognition database.

The enhanced security measures stem from the passage of the REAL ID Act of 2005, a U.S. law enacted by President Bush that states that a Federal agency may not accept state-issued identification cards without complying with a number of enhanced standards of the REAL ID Act. The states were given a number of years to comply, and many moved to pass their own laws to meet the benchmarks of the REAL ID Act. Due to some sluggish response, DHS extended the compliance deadline several times. Unfortunately, most states were all too willing to bend to the requirements of the federal government in order to obtain “state certifications” of compliance. To signify their compliance with the federal standards, many states are now issuing identity cards emblazoned with gold stars in the corner.

According to the Department of Homeland Security, only Arizona, Idaho, Louisiana, Maine, Minnesota, New Hampshire, New York, and American Samoa have not met REAL ID standards as of January 2015. By DHS estimates, 70%-80% of all U.S. drivers are already carrying around REAL ID cards or live in states that have received extensions for compliance. Some states have even gone as far as to require the applicant to present birth certificates, W-2 tax forms, bank statements, and/or pay stubs to verify one’s identity before handing out the new REAL-ID cards. Some cards have RFID chips embedded in them. Among the 39 benchmarks of the REAL ID Act, state ID cards have to be scannable with a bar code reader, and the states are required to share access to an electronic database with all other states.

You pay off your credit card balance every month, thinking you are taking advantage of the “interest-free grace period” and getting free credit. You may even use your credit card when you could have used cash, just to get the free frequent flier or cash-back rewards. But those popular features are misleading. Even when the balance is paid on time every month, credit card use imposes a huge hidden cost on users—hidden because the cost is deducted from what the merchant receives, then passed on to you in the form of higher prices. Visa and MasterCard charge merchants about 2% of the value of every credit card transaction, and American Express charges even more. That may not sound like much. But consider that for balances that are paid off monthly (meaning most of them), the banks make 2% or more on a loan averaging only about 25 days (depending on when in the month the charge was made and when in the grace period it was paid). Two percent interest for 25 days works out to a 33.5% return annually (1.02^(365/25) – 1), and that figure may be conservative. Merchant fees were originally designed as a way to avoid usury and Truth-in-Lending laws. Visa and MasterCard are independent entities, but they were set up by big Wall Street banks, and the card-issuing banks get about 80% of the fees. The annual returns not only fall in the usurious category, but they are returns on other people’s money – usually the borrower’s own money!  Here is how it works . . . .

As Turkey prepares to launch an operation against Kurdistan Workers’ Party (PKK) terrorists in Syria’s Afrin, the U.S. has threatened war with Turkey in the PKK-occupied city, in a report published by the CIA-affiliated Rand Corporation. The most recent report, titled “U.S. Strategic Interests in the Middle East and Implications for the Army,” was published by the Rand Corporation, an American think tank closely affiliated with the CIA. The report concluded that opposing interests between Ankara and Washington may lead to possible clashes between the two countries, deeming a potential confrontation to be “not entirely out of the question.”

European officials are demanding answers and investigations into a joint U.S. and U.K. hack of the world’s largest manufacturer of mobile SIM cards, following a report published by The Intercept Thursday. The report, based on leaked documents provided by NSA whistleblower Edward Snowden, revealed the U.S. spy agency and its British counterpart Government Communications Headquarters, GCHQ, hacked the Franco-Dutch digital security giant Gemalto in a sophisticated heist of encrypted cell-phone keys. The European Parliament’s chief negotiator on the European Union’s data protection law, Jan Philipp Albrecht, said the hack was “obviously based on some illegal activities.” “Member states like the U.K. are frankly not respecting the [law of the] Netherlands and partner states,” Albrecht told the Wall Street Journal. Sophie in ’t Veld, an EU parliamentarian with D66, the Netherlands’ largest opposition party, added, “Year after year we have heard about cowboy practices of secret services, but governments did nothing and kept quiet […] In fact, those very same governments push for ever-more surveillance capabilities, while it remains unclear how effective these practices are.”

“If the average IT whizzkid breaks into a company system, he’ll end up behind bars,” In ’t Veld added in a tweet Friday. The EU itself is barred from undertaking such investigations, leaving individual countries responsible for looking into cases that impact their national security matters. “We even get letters from the U.K. government saying we shouldn’t deal with these issues because it’s their own issue of national security,” Albrecht said. Still, lawmakers in the Netherlands are seeking investigations. Gerard Schouw, a Dutch member of parliament, also with the D66 party, has called on Ronald Plasterk, the Dutch minister of the interior, to answer questions before parliament. On Tuesday, the Dutch parliament will debate Schouw’s request. Additionally, European legal experts tell The Intercept, public prosecutors in EU member states that are both party to the Cybercrime Convention, which prohibits computer hacking, and home to Gemalto subsidiaries could pursue investigations into the breach of the company’s systems.

According to secret documents from 2010 and 2011, a joint NSA-GCHQ unit penetrated Gemalto’s internal networks and infiltrated the private communications of its employees in order to steal encryption keys, embedded on tiny SIM cards, which are used to protect the privacy of cellphone communications across the world. Gemalto produces some 2 billion SIM cards a year. The company’s clients include AT&T, T-Mobile, Verizon, Sprint and some 450 wireless network providers. “[We] believe we have their entire network,” GCHQ boasted in a leaked slide, referring to the Gemalto heist.

Justia.com Opinion Summary: An agreement between American Express and merchants who accept American Express cards, requires that all of their disputes be resolved by arbitration and provides that there “shall be no right or authority for any Claims to be arbitrated on a class action basis.” The merchants filed a class action, claiming that American Express violated section 1 of the Sherman Act and seeking treble damages under section 4 of the Clayton Act. The district court dismissed. The Second Circuit reversed, holding that the class action waiver was unenforceable and that arbitration could not proceed because of prohibitive costs. The Circuit upheld its reversal on remand in light of a Supreme Court holding that a party may not be compelled to submit to class arbitration absent an agreement to do so. The Supreme Court reversed. The FAA reflects an overarching principle that arbitration is a matter of contract and does not permit courts to invalidate a contractual waiver of class arbitration on the ground that the plaintiff’s cost of individually arbitrating a federal statutory claim exceeds the potential recovery. Courts must rigorously enforce arbitration agreements even for claims alleging violation of a federal statute, unless the FAA mandate has been overridden by a contrary congressional command. No contrary congressional command requires rejection of this waiver. Federal antitrust laws do not guarantee an affordable procedural path to the vindication of every claim or indicate an intention to preclude waiver of class-action procedures. The fact that it is not worth the expense involved in proving a statutory remedy does not constitute the elimination of the right to pursue that remedy.

Following the interim agreement with Iran the next six months will tell us whether or not the American-led Zionist lobby and Zionism itself has played its last card and lost. If it does lose President Obama will be free to use the leverage he has to try to cause Israel to be serious about peace on terms almost all Palestinians and most other Arabs and Muslims everywhere could accept (and which would not pose any threat to the wellbeing and security of those Jews now living in Palestine that became Israel and who wanted to stay). The stakes could not be higher. As I write I am recalling what former President Carter said to my wife and I when we met with him and Rosalyn, words I quote in my book Zionism: The Real Enemy of the Jews and which bear repeating. “Any American president has only two windows of opportunity to take on the Zionist lobby – in the first nine months of his first term and the last year of his second term if he has one.”

I am happy to go public with this positive speculation in part because of an article by Philip Weiss. In it he noted that Netanyahu has been playing the Iran threat card “to keep the world’s eyes off the West Bank and Jerusalem.” Then, commenting on Netanyahu’s statement that Israel will not allow Iran to attain nuclear capability, he wrote this. “The ardent supporters of the Jewish state in the U.S. have never been in a worse position. They are largely supportive of this deal (as are a majority of all Americans, I add). They will have to throw Netanyahu under the bus.” Not long ago the proclaimed view of some American supporters of Israel right or wrong was that Obama was throwing Israel under a bus. The idea that American Jews should now throw Netanyahu under it appeals to me, as I am sure it does to Obama. If Congress does back away from doing Zionism’s bidding to wreck the prospects for a new-start American and European accommodation with Iran, what options if any will Netanyahu’s Israel have to distract the world’s media and political attention from Zionism’s on-going colonization – ethnic cleansing slowly and by stealth – of the occupied West Bank? Only one that I can see. War.

Though events may prove me wrong, my overall speculation is that Zionism’s last card is not a winner and that Obama will succeed in getting, six months or so from now, what he wants – a new-start and mutually beneficial relationship with Iran. And defeat for the Zionist lobby will, as I indicated in my opening paragraph, free him to use the presidential leverage to try to oblige Israel to be serious about peace on terms the vast majority of Palestinians could accept.

The Maldives has said it acted alone to expel a Russian national suspected by the US of being one of the world’s most prolific traffickers of stolen credit cards. President Abdulla Yameen denied a claim by Moscow that the United States had abducted Roman Seleznev from the Maldives and taken him to the American territory of Guam. Yameen told reporters that Maldives police, acting on an Interpol arrest warrant, had moved against 30-year-old Seleznev during the weekend.

he US Justice Department said on Monday that Seleznev was arrested and taken to Guam, although the details of his seizure were not known. He is charged with hacking into retail computer systems and installing malicious software to steal credit card numbers in a scheme that operated between October 2009 and February 2011. Seleznev and his partners stole over 200,000 credit card numbers, with bank losses from the scheme estimated at over US$1.1 million, according to a 2011 indictment.

The Russian foreign ministry said Seleznev’s detention was a “hostile step”, adding that Russian diplomatic missions had not been notified of his arrest.

French telecom giant Orange SA's declaration that it wants to cut business ties with Israel has given a boost to the burgeoning anti-Israel boycott movement while also drawing a sharp rebuke from Prime Minister Benjamin Netanyahu on Thursday. The Orange company logo is seen covered with an Israeli flag at the "Partner Orange" Communications Company's offices in the city of Rosh Haain, Israel, Thursday, June 4, 2015. An Israeli Cabinet minister has called on the French president to fire the chief executive of French telecom giant Orange. Culture Minister Miri Regev issued her appeal on Thursday, a day after Orange's CEO announced in Cairo that he would like to sever his company's ties to Israel as soon as possible.

The move bodes poorly for Israel at a time of growing international anger over its West Bank settlements and could potentially put almost any Israeli company in the crosshairs of the boycott campaign. It also has illustrated just how deeply intertwined Israeli settlements are with the rest of the country. Netanyahu responded angrily on Thursday, calling on "the French government to publicly repudiate the miserable statement and miserable action by a company that is under its partial ownership." The remarks came a day after Orange's chief executive Stephane Richard said he would end his company's relationship with Partner Communications Ltd. "tomorrow" if he could, but that he was bound by a contract for the time being. He cited the company's sensitivity to Arab countries. Partner licenses the Orange brand name in Israel. Richard's announcement caused uproar in Israel. "The absurd drama in which the democracy that observes human rights — the state of Israel — and which defends itself from barrages of missiles and terrorist tunnels, and then absorbs automatic condemnations and attempted boycotts, this absurd drama will not be forgiven," Netanyahu also said. Pro-Palestinian activists in France have been pushing for Orange to end the relationship over Partner's activities in Israeli settlements. The settlements, built on land the Palestinians want for a future state, are seen as illegitimate by the international community.

With Richard's comments, Orange appeared to becoming the largest and best-known company to yield to pressure from a global movement calling for boycotts, divestment and sanctions against Israel. Israeli officials say the so-called BDS movement is not out to promote peace, but instead aims to "delegitimize" the country's very existence as a Jewish state. They point to the grassroots BDS movement's support for millions of Palestinian refugees to return to ancestors' homes in what is now Israel. Israel rejects the "right of return," saying it would end the country's character as a Jewish and democratic state. In a statement issued in Paris, Orange said it sought to clarify that it wants to pull out of Israel for business reasons, not political ones. The company said it doesn't want to maintain a presence in countries where Orange itself is not a phone provider, and that the move is "in conformity with its brand policy." Orange said it "has no reason to take part ... in a debate of a political nature." Other Israeli officials also denounced Richard's comments. Culture Minister Miri Regev called on the French government to "show zero tolerance for anti-Semitism." She also urged Jewish customers of Orange in France and around the world to drop their service and switch carriers.

Wells Fargo WFC -9.22%Wells FargoWFC$58.16$-5.91(-9.22%)As of 02/06/2018, 01:01am EST is facing far more than a fine for its fake accounts scandal, in which employees at the lender's branches across the country opened over a million fraudulent checking and credit card accounts to hit their numbers. Late on Friday, the Federal Reserve decided to restrict growth at America's third-largest bank by assets until its risk and governance is improved. The order, which also called for a revamp of Wells Fargo's board of directors, sent the bank reeling in early trading Monday. Wells Fargo shares plunged 9% lower in Monday trading, erasing most of its gains over the past 12 months. For its top shareholder, Warren Buffett's Berkshire Hathaway, the Fed-inspired stock slide meant its Wells Fargo holdings lost over $2.7 billion in value. "We cannot tolerate pervasive and persistent misconduct at any bank and the consumers harmed by Wells Fargo expect that robust and comprehensive reforms will be put in place to make certain that the abuses do not occur again," said chair Janet L. Yellen on Friday. The order was her last as head of the Federal Reserve. On Monday, successor Jerome Powell was sworn in. Added Yellen, "the enforcement action we are taking today will ensure that Wells Fargo will not expand until it is able to do so safely and with the protections needed to manage all of its risks and protect its customers." In September 2016, Wells Fargo paid a $185 million fine to the Consumer Financial Protection Bureau after the agency found branch bankers had opened well over a million fake accounts, which generated millions of dollars in fees to the lender. When the scandal, which occurred over almost a decade, was first revealed, Wells Fargo and its board didn't immediately overhaul their leadership, or sanction top executives in the divisions where fake accounts were created. Only after significant public outcry, in addition to a widening scope of the scandal, did Wells Fargo begin a revamp, firing CEO John Stumpf and clawing back bonuses for numerous executives. Backer Warren Buffett later said in an appearance on CNBC the bank and its leadership had misjudged the severity of the problem.

In addition to harsh words, the Fed is ordering a sanction of almost unprecedented severity. It will restrict the bank's growth until its governance and risk management improve, though it will allow Wells to continue current operations from taking deposits to offering loans.

Three Wells Fargo long-standing board directors, John Chen, Lloyd Dean and Enrique Hernandez, will likely retire at the firm's annual meeting as part of the Fed's additional order for a refreshment of four board directors. Analysts did not brush off the Fed's move, as they have large fines coming out of the crisis.

Economics and a degree of common sense also tells us that we will always be more cautious in spending our money than a third party will be.

(Reuters) - Turkey's Prime Minister Tayyip Erdogan said he replaced ten cabinet ministers, half of his total roster, after three ministers resigned over a high-level graft inquiry on Wednesday. The replaced ministers included EU Minister Egemen Bagis, who was allegedly named in the corruption probe but had not resigned yet, and key positions such as the Economy and justice ministers.

The National Security Agency (NSA) widely monitors international payments, banking and credit card transactions, according to documents seen by SPIEGEL. The information from the American foreign intelligence agency, acquired by former NSA contractor and whistleblower Edward Snowden, show that the spying is conducted by a branch called "Follow the Money" (FTM). The collected information then flows into the NSA's own financial databank, called "Tracfin," which in 2011 contained 180 million records. Some 84 percent of the data is from credit card transactions. Further NSA documents from 2010 show that the NSA also targets the transactions of customers of large credit card companies like VISA for surveillance. NSA analysts at an internal conference that year described in detail how they had apparently successfully searched through the US company's complex transaction network for tapping possibilities.

Their aim was to gain access to transactions by VISA customers in Europe, the Middle East and Africa, according to one presentation. The goal was to "collect, parse and ingest transactional data for priority credit card associations, focusing on priority geographic regions." In response to a SPIEGEL inquiry, however, VISA issued a statement in which it said, "We are not aware of any unauthorized access to our network. Visa takes data security seriously and, in response to any attempted intrusion, we would pursue all available remedies to the fullest extent of the law. Further, its Visa's policy to only provide transaction information in response to a subpoena or other valid legal process." The NSA's Tracfin data bank also contained data from the Brussels-based Society for Worldwide Interbank Financial Telecommunication (SWIFT), a network used by thousands of banks to send transaction information securely. SWIFT was named as a "target," according to the documents, which also show that the NSA spied on the organization on several levels, involving, among others, the agency's "tailored access operations" division. One of the ways the agency accessed the data included reading "SWIFT printer traffic from numerous banks," the documents show.

But even intelligence agency employees are somewhat concerned about spying on the world finance system, according to one document from the UK's intelligence agency GCHQ concerning the legal perspectives on "financial data" and the agency's own cooperations with the NSA in this area. The collection, storage and sharing of politically sensitive data is a deep invasion of privacy, and involved "bulk data" full of "rich personal information," much of which "is not about our targets," the document says.

Writing in the Wall Street Journal (“Confessions of a Quantitative Easer,” November 11, 2013), Andrew Huszar confirms my explanation to be the correct one. Huszar is the Federal Reserve official who implemented the policy of QE. He resigned when he realized that the real purposes of QE was to drive up the prices of the banks’ holdings of debt instruments, to provide the banks with trillions of dollars at zero cost with which to lend and speculate, and to provide the banks with “fat commissions from brokering most of the Fed’s QE transactions.” (See: www.paulcraigroberts.org) This vast con game remains unrecognized by Congress and the public. At the IMF Research Conference on November 8, 2013, former Treasury Secretary Larry Summers presented a plan to expand the con game. Summers says that it is not enough merely to give the banks interest free money. More should be done for the banks. Instead of being paid interest on their bank deposits, people should be penalized for keeping their money in banks instead of spending it. To sell this new rip-off scheme, Summers has conjured up an explanation based on the crude and discredited Keynesianism of the 1940s that explained the Great Depression as a problem caused by too much savings. Instead of spending their money, people hoarded it, thus causing aggregate demand and employment to fall.

Summers says that today the problem of too much saving has reappeared. The centerpiece of his argument is “the natural interest rate,” defined as the interest rate at which full employment is established by the equality of saving with investment. If people save more than investors invest, the saved money will not find its way back into the economy, and output and employment will fall. Summers notes that despite a zero real rate of interest, there is still substantial unemployment. In other words, not even a zero rate of interest can reduce saving to the level of investment, thus frustrating a full employment recovery. Summers concludes that the natural rate of interest has become negative and is stuck below zero. How to fix this? The way to fix it, Summers says, is to charge people for saving money. To avoid the charges, people would spend the money, thus reducing savings to the level of investment and restoring full employment. Summers acknowledges that the problem with his solution is that people would take their money out of banks and hoard it in cash holdings. In other words, the cash form of money provides consumers with a freedom to save that holds down consumption and prevents full employment. Summers has a fix for this: eliminate the freedom by imposing a cashless society where the only money is electronic. As electronic money cannot be hoarded except in bank deposits, penalties can be imposed that force unproductive savings into consumption.

for Summers, the plight of the consumer is not the problem. The problem is the profits of the banks. Summers has the solution, and the establishment, including Paul Krugman, is applauding it. Once the economy officially turns down again, watch out.

The Federal Housing Finance Agency (FHFA) has given notice of its intent to database a large number of very personal data points on every American who possesses a mortgage — which may include as many as 227 million Americans.   These points include things like financial histories, credit card balances, credit scores, personal demographics, lists of assets and property, family information, and more. Assembled with the help of the the Consumer Finance Protection Bureau, the database’s stated purpose is for research and modeling.  The agencies have been collecting data for modeling for years, but the addition of many new pieces of personally identifiable information is a reversal of previously stated policy.

The database will include very specific and personal information on the borrowers and co-borrowers.  According to the Federal Register Notice on April 16, 2014, the database includes: Individual’s name, address, and phone number; Individual’s Social Security Number; Individual’s gender, race, ethnicity, and religion; Individual’s marital status; Individual’s household composition (number and ages of males, females, children); Individual’s household income; Individual’s credit score; Individual’s education records; Individual’s military status/records; Individual’s employment status/records; Individual’s bank account numbers; List of individual’s “financial events in the last few years”; List of individual’s “life events in the last few years”;

List of individual’s other assets/wealth; Individual’s current mortgage balance; Individual’s current monthly mortgage payment; Individual’s payment delinquency records; Individual’s bankruptcy records; Individual’s credit card numbers; Individual’s credit card balances; Individual’s credit card charge limit and the highest balance charged; Individual’s minimum payments due on all loans; Attributes of the property (square footage, number of rooms, lot size…); Sale price and down payment of the property; Mortgage information (dates, interest rate, amount, loan servicer…);

By Russia’s low key and unthreatening response to Washington’s aggression, thereby giving the West the mistaken signal that Russia is weak and fearful, the Russian government has encouraged Washington’s drive to war.

The amazing thing about Russia finding herself on the defensive about sanctions is that Russia, not Washington or the impotent EU, holds all the cards.  Putin can bring down the economies of Europe and throw all of Europe into political and economic chaos simply by turning off the energy supply. Putin would not have to turn off the energy supply for very long before Europe tells Washington good-bye and comes to terms with Russia. The longer Putin waits, the longer Europe has to prepare against Russia’s best weapon that can be used to peacefully resolve the conflict that Washington has orchestrated. Washington’s aggressive moves against Russia will not stop until Putin realizes that he, not Washington, holds the cards, and plays them. The world has had enough of Washington, its constant lies, its constant wars, and its bullying.  Putin would do well to spend a few hours with Belisarius, Justinian the Great’s great general.

“When I treat with my enemies,” Belisarius said, “I am more accustomed to give than to receive counsel; but I hold in one hand inevitable ruin, in the other peace and freedom.” That is precisely the position that Vladimir Putin is in with regard to Europe.  In one hand he holds the ruin of Europe.  In the other peace and freedom in the relations between Russia and Europe. He needs to call up the dumbshit European “leaders” and tell them. If Putin does not put his foot down hard and make clear to the Europeans what the stakes are, Washington will succeed in its determination to drive the world to war, and “exceptional and indispensable” Americans will die along with all the rest.