MasterCard Statement Regarding Site Issues
Global Payment firm MasterCard said it is experiencing heavy traffic on its external corporate website - MasterCard.com.
Hackers Bring Down MasterCard Site, Threaten PayPal
Hackers, possibly in retaliation for attacks on Wikileaks, forced down the website of the international credit card service MasterCard on Wednesday and warned PayPal they could be next. PayPal has admitted that the US Government was behind the company's decision to sever ties with Wikileaks.
Hackers 'Shut Down' MasterCard Website
Hackers forced down the website of the international credit card service, MasterCard, on Wednesday. The move is likely to be an apparent revenge by alleged Wikileaks supporters. In what they called Operation: Payback, the anonymous hackers announced on twitter that they successfully brought down the MasterCard website with DDoS attacks. MasterCard had earlier severed ties with the whistle-blower site, suspending all payments to the organization. The website currently remains inaccessible...
Palestine - A distant dream or near reality?
Young kids hurling stones at army tanks, stifling curfews, incongruous checkpoints and an unrelenting settlement activity...The visualization of the word 'Palestine' is unlikely to change any time soon. Fathers would still have to carry children on their shoulders to protest against the army incursions while their mothers rally in support of people forced out as a result of expanding settlements. The peace talks have been officially stalled, the latest of the news reports suggest.
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Bush tax cut extensions likely to help small businesses; impact on stocks unclear
Longer-term, the potential impact of the tax cuts upon the stock market and economy remain rather fuzzy, given the multitude of other issues facing investors, including perpetually high unemployment in the U.S., a seemingly never-ending sovereign debt crisis in Europe and constant friction with China over trade and currency.
Obama defends tax deal, says long battle averted
President Barack Obama defended his compromise with Republicans on extending tax cuts for wealthier Americans, saying it was urgent to keep millions of Americans from losing unemployment insurance payments.
Tax plan increases deficit, group says
With a deal announced between the Obama administration and Congressional Republicans to extend the Bush-era tax cuts for everyone, including the nation's most wealthy, and to extend unemployment insurance for millions of out-of-work Americans, at least one organization concerned with the nation's finances is reminding everyone that such bargains are no bargain for the burgeoning national debt.
Obama tax deal: more jobs, higher growth, higher deficits
Tax cuts and increased government spending designed to support and grow the economy are fiscal stimulus measures. President Obama's compromise with the Republicans will give America both.
Rhee launches education reform group
Michelle Rhee, the former chancellor of schools in Washington D.C., has ended speculation about her next move, announcing on Monday that she has started a new non-profit organization that will seek reforms in public educational policies at the local, state and national levels.
Some European nations should go bankrupt: Rogers
On an interview today with CNBC, famed investor and hedge fund manager Jim Rogers said some European countries should be allowed to go bankrupt so that they can restructure their debt without hurting other parties.
Wikileaks founder jailed in England
Wikileaks founder Julian Assange is behind bars in London, facing extradition to Sweden where he is charged with rape and sexual molestation in two separate cases.
Ireland presents austerity budget to meet terms of EU/IMF bailout
The Irish government has presented what is likely the toughest austerity budget in its history, comprising spending cuts of 6-billion euros ($8-billion) and an increase in taxes, in addition to other measures already outlines last month in the so-called “National Recovery Plan.”
Lying telemarketers busted
Do those debt relief ads you see on the TV or the offers you get over the phone sound too good to be true?
EU to conduct new stress tests for banks in 2011
Olli Rehn said the European Union will conduct a second round of stress test for banks in February 2011.
UK court refuses bail to WikiLeak's Assange
Julian Assange was refused bail by UK's Westminster magistrates court on Tuesday, where the charges were read out to him a short while ago, setting off a judicial process leading to his possible extradition to Sweden.
Consumer confidence down in December: IBD/TIPP Index
The IBD/TIPP Economic Optimism Index fell during December from the previous month, a report said.
Charges read out to Assange in UK court; Prosecution objects to bail
Julian Assange appeared at UK's Westminster magistrates court a short while ago, where the charges were read out to him, setting off a judicial process leading to his possible extradition to Sweden. The Sky News said Assange had sought Australian consular assistance and that staff of the Australian High Commission were with him inside the court.
Chinese hackers used Windows source code; siphoned off 50mb of US government emails
One of the U.S. diplomatic cables released by Wikileaks says that Chinese government had gained access to Microsoft source code which was used to hack into USG organizations.
ANALYSIS: Compromise is Republican win
Obama has compromised with the Republicans. The wealthiest Americans will see their tax break continued for at least the next two years and the millions of unfortunate Americans who are out of work will see their unemployment insurance extended for 13 months.
Facebook will not block WikiLeaks page for now
Social networking site Facebook has no plans to ban content from a 'fan page' associated with WikiLeaks-at least, as of now.
Euro collapse a “possibility”: UK economist
The euro currency might not survive the current sovereign debt crisis and may be in danger of collapse, according to Stephen Nickell, an economist at the independent Office of Budget Responsibility (OBR) member and former Bank of England member.
Concorde air crash: French court holds Continental, mechanic guilty
A French court on Monday ruled that debris from a Continental Airlines plane had caused the tragedy that killed 113 people outside Paris 10 years ago while holding Continental Airlines and one of its mechanics guilty of involuntary homicide.
Wikileaks Supporters Fight Back
As part of its 'Operation Avenge Assange,' a group of Wikileaks supporters called The Anonymous plans a Distributed Denial of Service (DDoS) attack against Paypal.
US-China bust-up on trade will escalate to crisis levels in 2012
Global trade protectionism will accelerate in the years ahead and the tussle between the U.S. and China over trade and other issues will escalate to crisis levels as early as in 2012, according to an analyst.
Wikileaks founder Assange arrested by British police
Julian Assange, the founder of Wikileaks, was arrested on Tuesday in relation to a Swedish sex-crime case, the London Metropolitan Police said.
Korean crisis: Show of solidarity or collective security?
In a rare show of collective security, the United States, South Korea and Japan held a trilateral meeting on Monday to send a strong message aimed at China, which is seen as shielding North Korea.
Obama, Republicans reach deal on taxes
President Barack Obama and Congressional Republicans came to a compromise today involving tax break extensions for wealthier Americans and unemployment insurance extensions for working class families.
U.S. monetary policy shocks drive global stock prices: IMF study
A study by IMF economists Luc Laeven and Hui Tong found that U.S. monetary policy shocks drive global stock market prices.
Dutch Treat: Holland's labor market reforms create exceptionally low unemployment
While Europe (and much of the developed world) continues to reel from high unemployment in the wake of the global economic recession, at least one small, peaceful corner of the continent continues to enjoy very low jobless rates.
Obama says U.S. faces 'Sputnik moment' as tax-benefits deal nears
President Barack Obama melded a long-term vision for more science research and education spending with the short-term need to secure a deal with Congressional Republicans to extend both tax breaks for higher-income earners and unemployment benefits for struggling workers.
Plenty of praise in the U.S. for South Korean FTA
Plenty of U.S. organizations are praising the newly-negotiated U.S.-Korea Free Trade Agreement, which is awaiting approval from lawmakers of both countries.
Hope for 2011: stocks outperform in third year of presidential term
Investors who are worried about the health of the stock market might take some solace from the evidence that the U.S. equities have performed exceptionally well during the third year of a presidential term (Barack Obama enters the third year of his administration in January 2011).
Cheaters go to jail
U.S. law enforcement is going after investment fraud.
OPINION: Trickle nowhere
The American people have spoken!By means of the mid-term elections the American people have sent a mandate to the American Congress. The message could not be clearer.
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