darylhaines

878 Flips | 2 Magazines | 2 Likes | 12 Following | 119 Followers | @darylhaines | Keep up with darylhaines on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “darylhaines”

The Fed could trigger a personal debt crisis

Each time the Federal Reserve raises interest rates, which is normally the sign of a booming economy, it could hurt millions of vulnerable debt-heavy …

Government set to borrow nearly $1 trillion this year, an 84 percent jump from last year

It was another crazy news week, so it's understandable if you missed a small but important announcement from the Treasury Department: The federal government is on track to borrow nearly $1 trillion this fiscal year — President Donald Trump's first full year in charge of the budget.<p>That's almost …

Economy

We’re addicted to debt and headed for a crash. It could be worse than 2007 | Zoe Williams

Ten years ago the culprit was sub-prime mortgages. Personal credit is out of control in Britain now. We seem to have learned absolutely nothing<p>When Provident Financial lost £1.7bn in share value a little over a week ago, a handful of people asked whether this was a Northern Rock moment. The …

Bank of England

Japan Made Secret Deals With the NSA That Expanded Global Surveillance

It began as routinely as any other passenger flight. At gate 15 of New York City’s JFK Airport, more than 200 men, women, and children stood in line …

Trump Has Huge Powers To Spy On Brits - And They're Not Happy

An interesting advertisement appeared this morning in the Gloucestershire Echo – the local paper for Cheltenham, home to UK spy agency GCHQ.<p>In the ad, campaign group Privacy International calls for more transparency from the British government over its data-sharing arrangements with the US.<p>Under …

New U.K. Surveillance Law Will Have Worldwide Implications - MIT Technology Review

Civil rights advocates are up in arms over a sweeping new digital surveillance law in the United Kingdom, and not just because they say it intrudes …

Theresa May's Snoopers' Charter dealt major setback as EU court rules against 'indiscriminate' collection of internet data

Theresa May’s surveillance laws have been dealt a major setback after an EU court ruled that the bulk collection of citizens’ internet browsing history is illegal under European law.<p>Wednesday’s ruling strikes at the centre of the Investigatory Powers Act - dubbed the “Snoopers' Charter” - which …

NSA Inspector Who Criticized Snowden for Not Using 'Official' Channels Found Guilty of Retaliating Against Whistleblower Who Did Just That

National Security Agency (NSA) inspector general George Ellard, an outspoken critic of whistleblower Edward Snowden, personally retaliated against …

Surveillance

Leaked Snowden document shows how ‘sigint’ nabbed a Canadian al-Qaeda operative

Communications intercepted by U.S. and British spy agencies led to the arrest of the first al-Qaeda-inspired terrorist caught in Canada, according to a newly leaked document.<p>The memo, circulated within the U.S. National Security Agency more than a decade ago, provides a rare and detailed look at …

Extensive British Spying Throughout Africa Revealed in Le Monde

Top-secret British surveillance operations targeted the director of the World Trade Organization, several multinational corporations, a top French …

UK's new Snoopers' Charter just passed an encryption backdoor law by the backdoor

How far will it go? You'll have to ask the Home SecretaryAmong the many unpleasant things in the Investigatory Powers Act that was officially signed …

A 'Big Short' investor who made a killing predicting the financial crash has a chilling new prediction

Steve Eisman, an investor who made a fortune by successfully predicting the 2007-2008 financial crash, is back with a worrying new target: European …

Paramount Pictures

Trump’s attorney general pick could restart the encryption fight

After weeks of speculation, President-elect Donald Trump today named Senator Jeff Sessions (R-AL) as his choice for attorney general. The choice has already alarmed Trump critics for a number of reasons — particularly his role in drafting Trump’s proposal to temporarily ban muslim immigration — but …

An investor predicted the rise of Trump 2 years ago, and what comes next should terrify everyone

But it seems he did know that Trump would win.<p>It was a different time. Two years ago the world seemed to finally be emerging from the slow economic growth it had experienced since the end of the financial crisis. The stock market was riding high, deals were getting done at record rates, and …

UN privacy chief: UK surveillance bill is 'worse than scary'

The UK government's proposed surveillance legislation is "worse than scary", the United Nations privacy chief has said.<p>Joseph Cannataci, the UN's …

Surveillance

Investigatory Powers Bill: ‘Snoopers Charter 2’ to pass into law, giving Government sweeping spying powers

The House of Lords has passed the Investigatory Powers Bill, putting the huge spying powers on their way to becoming law within weeks. The bill – …

The NSA’s Spy Hub in New York, Hidden in Plain Sight

They called it Project X. It was an unusually audacious, highly sensitive assignment: to build a massive skyscraper, capable of withstanding an …

Three New Scandals Show How Pervasive and Dangerous Mass Surveillance is in the West

While most eyes are focused on the presidential race between Hillary Clinton and Donald Trump, three major events prove how widespread, and …

IP Bill Is Most Extreme Surveillance Law Ever Passed in a Democracy

The U.K.’s Investigatory Powers Bill, also known as the Snooper’s Charter, is an extraordinary document. It grants the state the ability to harvest …

Deutsche Bank Collapse: The Most Important Bank In Europe Is Facing A Major ‘Liquidity Event’ | Washington's Blog

The largest and most important bank in the largest and most important economy in Europe is imploding right in front of our eyes. Deutsche Bank is the …

Deutsche Bank

China's credit binge increases risk of banking crisis, says watchdog

The Bank for International Settlements says the signs point to a problem in the next three years as debt hits 255% of GDP<p>China’s huge credit binge has increased the risk of a banking crisis in the world’s second biggest economy in the next three years, according to global financial watchdog.<p>An …

Interest Rates

Canada’s economy could take 15 years to ‘reinvent’ itself, warns head of Royal Bank of Canada

Canada’s economy could take 15 years to reinvent itself after manufacturing and service industries began to shrink in the wake of the financial …

Bank of Canada

After Apple's objections, UK removes encryption backdoors from Investigatory Powers Bill before passing

The U.K. House of Commons has passed a limited version of its Investigatory Powers Bill after removing controversial elements that would have …

Snowden Claims 'Deceptive' NSA Still Has Proof He Tried to Raise Surveillance Concerns | VICE News

<b>Watch our full VICE on HBO episode with Edward Snowden for free below and read more of our privacy and security coverage here.</b><p>On June 4, VICE News published more than 800 pages of declassified NSA documents that shed new light on the contentious issue of whether Edward Snowden raised concerns about …

Facing Data Deluge, Secret U.K. Spying Report Warned of Intelligence Failure

A secret report warned that British spies may have put lives at risk because their surveillance systems were sweeping up more data than could be …

Official correspondence reveals lack of scrutiny of MI5's data collection

Privacy International releases letters that it says show ‘cosy’ relationship between watchdog and intelligence operations<p>The watchdog that monitors interception of emails and phone calls by the intelligence services allowed MI5 to escape regular scrutiny of its bulk collection of communications …

A 'miracle' is needed to save the world, because central banks can't, says BTIM's Gor

The Bank of Japan and the European Central Bank are printing billions in a "useless" attempt at stimulating demand as a "crisis of confidence" erupts …

Central Banks

Carl Icahn Is Betting Big on a Stock Market Crash

Carl Icahn is putting his money where his mouth is.<p>Last month, the billionaire investor took to CNBC’s airwaves to argue that “a day of reckoning” …

South Korean exports — the world's economic 'canary in the coal mine' — are facing 2 long-term problems

South Korean exports, nicknamed "the world's economic canary in the coal mine," have struggled with 15 consecutive months of drops.<p>And they're also facing two major long-term problems: China's rise in industrial sophistication and increasing labor costs combined with falling export prices.<p>In a …

China debt load reaches record high as risk to economy mounts | Financial Times

China’s total debt rose to a record 237 per cent of gross domestic product in the first quarter, far above emerging-market counterparts, raising the …

Economics