Author Archives: Kerry Lear

Uber Caught Trying to Hide Massive Data Breach

The technology and logistics company, Uber has been caught attempting to conceal an October 2016 data breach that exposed 57 million peoples’ personal information. First reported by Bloomberg, the company paid 100,000 to two hackers after they stole the company’s customer data in exchange for their silence and the deletion of the stolen information. “A big part of the shock ...

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Oil CEOs Request That the OPEC Extend Output Cut – Expect Higher Gas Prices

Oil CEOs are making a push to “stabilize” the market by calling on the Organization of the Petroleum Exporting Countries (OPEC) to extend out the March 2018 oil output cut deadline.    “OPEC members are reportedly forming a consensus around extending their production cutting deal with other crude exporters by nine months. That would prolong the agreement among OPEC, Russia and other ...

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Trumps Picks Jerome Powell to Take Over as Fed Chairman

On Thursday, President Donald Trump announced that he has selected Republican Jerome Powell as the Federal Reserve Chairman. Powell, if confirmed, will officially take on the powerful position once the current Chair Janet Yellen’s term ends in February of next year. Powell has had leadership roles in both the George W. Bush and Barack Obama administration and was appointed to ...

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No, China doesn’t Have a Free Market Economy

Next week, China will meet to determine who will lead the Communist Party for the next five years. Before then, market regulators have been working tirelessly to make sure stocks remain stable. Investors have been halted from excessive share selling and the Chinese government is manipulating the market with state-backed investment funds to keep it from fluctuating. “Beijing’s calming efforts appear ...

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Trump Expected to Roll Back Obamacare Regulations by Exec Order

The Wall Street Journal has reported that the Trump administration is about to take another step to reform America’s healthcare system. President Donald Trump is expected to sign an executive order that will roll back some of Obama’s former healthcare rules in an effort to make plans more affordable. “The order is aimed at expanding insurance options for Americans who buy ...

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Kaspersky Software May have Helped the Russians Steal NSA Secrets

According to The Wall Street Journal, Russian hackers stole confidential documents from the U.S. National Security Agency through a contractor’s home computer that was using antivirus software from the Moscow-based Kaspersky. However, it hasn’t been confirmed and the article is based on unnamed sources. “Whether the information is credible or not, NSA’s policy is never to comment on affiliate or personnel ...

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Congress Acts to Investigate Equifax’s Massive Cybersecurity Leak

On September 7, the credit-monitoring company Equifax announced a cybersecurity breach that potentially impacted 143 million Americans. “It was a painful announcement because of the concern and frustration this incident has created for so many consumers. We apologize to everyone affected. This is the most humbling moment in our 118-year history,” wrote Richard F. Smith, CEO of Equifax, in a ...

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Will CyberCrime Make the Markets Unstable?

In today’s digital age, military attacks aren’t the only one we need to worry about. It’s important to be on the defensive when it comes to cyber warfare. Symantec revealed that recent penetrations of the energy grid were deep enough that the hackers actually had control of the grid and could turn off power at will. In fact, a particular ...

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Steel CEOs Urge Trump to Take Action

25 U.S. steel executives sent President Donald Trump a letter last week urging him halt damaging steel imports that are “undermining the viability of the U.S. steel industry.” “The sustained surge of steel imports … has hollowed out much of the domestic steel industry and threatens our ability to meet national security needs,” wrote the steel leaders to Trump last ...

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Hyperinflation Destroying Venezuela

Inflation tearing up Venezuela

We hear words like “inflation” all the time, but what does that word really mean for the people of Venezuela? Venezuela is currently ranked as the worst economy in the world. The country struggles with severe food and medicine shortages, political turmoil, violence, and drug trafficking. As we have argued in several past articles, the crisis in Venezuela is the ...

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