Showing posts with label politics. Show all posts
Showing posts with label politics. Show all posts

Tuesday, January 4, 2011

WikiLeaks prompts internal crackdown

 U.S. tells agencies: Watch 'insiders' to prevent new WikiLeaks

Measure 'happiness,' look for 'despondence and grumpiness,' memo from administration official urges 

GOP sets up huge target for budget ax

Goal of cutting $100 billion carries substantial political and economic risk

House Republicans, led by the incoming speaker, Representative John A. Boehner, made the $100 billion pledge before November's midterm elections.
The incoming Republican majority in the House is moving to make good on its promise to cut $100 billion from domestic spending this year, a goal eagerly backed by conservatives but one carrying substantial political and economic risks.
House Republican leaders are so far not specifying which programs would bear the brunt of budget cutting, only what would escape it: spending for the military, domestic security and veterans.
The reductions that would be required in the remaining federal programs, including education and transportation, would be so deep — roughly 20 percent on average — that Senate Republicans have not joined the $100 billion pledge that House Republicans, led by the incoming speaker, Representative John A. Boehner, made to voters before November’s midterm elections.
Even if adopted by the House, the Republicans’ budget is unlikely to be enacted in anything like the scale they envision, since Democrats retain a majority in the Senate and President Obama could veto annual appropriations bills making the reductions.
But the effort is more than symbolic: in particular it could give House Republicans increased leverage in budget negotiations with the White House this winter and spring, when the administration must get Congress to raise the federal debt limit or risk a government financing crisis.

Monday, January 3, 2011

Facing WikiLeaks threat, bank plays defense

Facing WikiLeaks threat, bank plays defense 

By the time the conference call ended, it was nearly midnight at Bank of America’s headquarters in Charlotte, N.C., but the bank’s counterespionage work was only just beginning.
A day earlier, on Nov. 29, the director of WikiLeaks, Julian Assange, said in an interview that he intended to “take down” a major American bank and reveal an “ecosystem of corruption” with a cache of data from an executive’s hard drive. With Bank of America’s share price falling on the widely held suspicion that the hard drive was theirs, the executives on the call concluded it was time to take action.
Since then, a team of 15 to 20 top Bank of America officials, led by the chief risk officer, Bruce R. Thompson, has been overseeing a broad internal investigation — scouring thousands of documents in the event that they become public, reviewing every case where a computer has gone missing and hunting for any sign that its systems might have been compromised.