Archive For The “US Economy” Category

New Intel chip flaws: ‘Foreshadow’ could wreak havoc on cloud

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More flaws found in Intel chips could let hackers access sensitive information in computers or in the cloud.

https://www.mercurynews.com/2018/08/15/new-intel-chip-flaws-foreshadow-could-wreak-havoc-on-the-cloud/

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Vermont’s Transgender Democratic Governor Nominee Doesn’t Know What Socialism Is… Not Big On Labels…

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Vermont Democratic candidate for governor Christine Hallquist admitted Wednesday morning, after bashing capitalism, that she has no idea what socialism is, insisting that she is not “big on labels.”

https://www.dailywire.com/news/34550/watch-democratic-governor-nominee-doesnt-know-what-ryan-saavedra

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China says it will resume trade talks with U.S. – MarketWatch

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China will send a delegation to the U.S. later this month for trade talks. the Chinese Commerce Ministry announced Thursday, according to multiple reports.

https://www.marketwatch.com/story/china-says-it-will-resume-trade-talks-with-us-2018-08-16

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President Trump Supports Legislation to Reduce Recidivism in Our Prison System

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“My Administration is committed to helping former inmates become productive, law-abiding members of society”. –President Donald J. Trump

https://www.whitehouse.gov/briefings-statements/president-donald-j-trump-supports-legislative-action-reduce-recidivism-prison-system/

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Ministers, governors, Congress, White House working on prison reform

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“Trump supports the First Step Act, a bipartisan prison reform bill which passed the House in May. It would provide $250 million over 5 years to beef up education, vocational training and rehabilitation programs within the federal prison system.

Inmates who participate in the programs would receive credits toward early release and would be expected to be better prepared for employment once they leave prison.

“We passed the First Step Act through the House, and we’re working with the Senate to pass that into law. And I think we’ll be able to do it. When we say “hire American,” we mean all Americans — every American, everybody,” Trump said at the meeting with ministers.”

https://www.mcclatchydc.com/news/politics-government/white-house/article216302455.html

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Chinese leaders overconfidence, nationalism in Trump’s trade war – Business Insider

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A growing trade war with the United States is causing rifts within China’s Communist Party, with some critics saying that an overly nationalistic Chinese stance may have hardened the US position, according to four sources close to the government.

Chinese President Xi Jinping still has a firm grip on power, but an unusual surge of criticism about economic policy and how the government has handled the trade war has revealed rare cracks in the ruling Communist Party.”

https://www.businessinsider.com/chinese-leaders-overconfidence-nationalism-in-trumps-trade-war-2018-8

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U.S. Oil Vanishing From Chinese Tariffs Reveals America’s Clout – Bloomberg

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“American sanctions that will target oil exports from Iran starting in November are another risk. Concern is growing that U.S. President Donald Trump’s measures will curb the OPEC producer’s shipments at a time when production from another group member, Venezuela, is also dwindling in the midst of an economic meltdown. Both the producers are suppliers to China.

“With oil from Iran and Venezuela at risk, U.S. crude is offering Chinese refiners a good and abundant alternative,” said Sophie Shi, a Beijing-based analyst with consultant IHS Markit Ltd. “Imagine if this ideal resource was cut off. That would leave China solely dependent on Saudi Arabia, which seems too risky.””

https://www.bloomberg.com/news/articles/2018-08-09/u-s-oil-vanishing-from-chinese-tariffs-reveals-america-s-clout

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Gallup Poll: Democrats View Socialism More Positively Than Capitalism by 10 Points

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Democrats view socialism better than capitalism by a significant margin, according to a new Gallup poll, with 57 percent viewing socialism in a positive light against just 47 percent viewing capitalism positively.

https://freebeacon.com/politics/gallup-poll-democrats-view-socialism-positively-capitalism-10-points/

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AP Exclusive: Google tracks your movements, like it or not

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“An Associated Press investigation found that many Google services on Android devices and iPhones store your location data even if you’ve used a privacy setting that says it will prevent Google from doing so.

Computer-science researchers at Princeton confirmed these findings at the AP’s request.”

https://apnews.com/828aefab64d4411bac257a07c1af0ecb

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Cash machines could be mass-hacked in global cyber attack, FBI warns

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