The Fed’s plan to unwind its $4 trillion balance sheet didn’t skip a beat even amid last month’s market turmoil

Thomson Reuters In September, the Fed announced a plan to gradually wind down its massive bond purchases made during and after the financial crisis. That plan has been proceeding on schedule, despite turmoil in markets in February. The fifth month of the QE-Unwind came to a completion with the release this afternoon of the Fed’s balance […]

Feds have spent 13 years failing to verify whether passport data is legit

Enlarge / Leonel Cordova (L) and Noris Cordova, who are not plaintiffs in this lawsuit, speak to a CBP officer at Miami International Airport on March 4, 2015 in Miami, Florida. (credit: Joe Raedle/Getty Images) For over a decade, Customs and Border Protection has failed to properly verify e-passports (which contain biometric data) as “it […]

Man removes feds’ spy cam, they demand it back, he refuses and sues

Enlarge / U.S. Border Patrol supervisor Eugenio Rodriguez surveys the Rio Grande River and surrounding environs August 7, 2008 in Laredo, Texas. (credit: John Moore / Getty Images) Last November, a 74-year-old rancher and attorney was walking around his ranch just south of Encinal, Texas, when he happened upon a small portable camera strapped approximately […]

US Senators want to give feds sole power to issue missile alerts

US senator Brian Schatz of Hawaii announced back in January that he wants take the responsibility of sending missile alerts away from state and local governments. Now he and fellow Senators Kamala Harris and Cory Gardner have introduced a legislation that would give feds the sole authority to send out missile threat notifications. Under the […]

Feds shut down alleged $600 million cryptocurrency scam

Enlarge / Bitcoin and cash. (credit: Thomas Trutschel / Getty Images News) The Securities and Exchange Commission has shut down an initial coin offering for a little-known cryptocurrency project called AriseBank. Organizers claimed to have raised $ 600 million for the project—though we haven’t been able to find independent confirmation of this figure. The project […]

Hawaii senator wants feds to handle future nuclear attack warnings

On January 13th, a statewide alert warned Hawaiians about an incoming nuclear attack — which turned out to be a mistake caused by human error. Whoops! The resulting finger-pointing revealed serious shortcomings about the state government’s disaster response, including the governor’s difficulty logging in to his Twitter account to tweet out an all-clear. But US […]

With Google, Bitcoins, and USPS, Feds realize it’s stupid easy to buy fentanyl

Enlarge (credit: Getty | Drew Angerer) A congressional report released Wednesday lays out just how easy it is for Americans to buy the deadly opioid fentanyl from Chinese suppliers online and have it shipped to them via the government’s own postal service. The report also lays out just how difficult the practice will be to […]

Fed’s hilarious blue steel

Video Fed’s hilarious blue steel0:46 Tennis: Roger Federer showed he might have a post-tennis career in modelling with this hilarious moment, spurred on by The Rock. January 20th 2018 2 minutes ago /display/newscorpaustralia.com/Web/NewsNetwork/Sport news and galleries/Tennis news and galleries/ Tennis Hyeon Chung upsets Zverev2:09 January 20th 2018 22 minutes ago /display/newscorpaustralia.com/Web/NewsNetwork/Sport news and galleries/Tennis news […]