Federal Reserve predicts new economic crisis

A recent meeting of the US Federal Reserve revealed that members of America’s central bank are not very optimistic about the future of the country’s economy.


Even though the Fed is at odds regarding what to do in terms of helping economic growth — and it still remains unclear whether or not a third round of quantitative easing (QE3) is to come — the official forecast from the bank suggests that the US may be sliding into a crisis.


Details from the Fed’s last meeting have been released to the public, and the minutes from that gathering reveal that the economists that oversee much of the inner-workings of the country’s fiscal policy remain concerned with the state of America.


Among the items discussed in the meeting ishow a lack of initiative on the part of the US Congress could bring further strain on America’s economy, specifically that a failure to avert tax hikes and planned massive spending cuts later this year could be catastrophic.


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Attack on the Internet, Congress Introduces IPAA

American citizens are well aware of Internet freedoms being taken by Washington lawmakers due to legislation in the past, such as SOPA, PIPA and CISPA. Which are all geared towards scaling back freedom and merging security companies with the government to share data information. However, the fight for Internet freedom seems to be ongoing.


The Intellectual Property, Competition, and the Internet Subcommittee of the House Judiciary Committee recently conducted a meeting, bringing forward a new bill known as Lamar Smith’s IP Attaché Act. Lamar Smith is recognizable when Internet legislation is involved, the Representative from Texas authored SOPA, which received many co-sponsors. Amid civil disobedience and drastic action by the American public caused SOPA to be defeated in the Senate.


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War in August? US sends fourth aircraft carrier and dozens of underwater drones towards Iran

The US Navy has unexpectedly dispatched a fourth aircraft carrier to the Persian Gulf, along with a fleet of underwater drones in what is being considered just the latest move in a series of escalations leading towards a potential war with Iran.

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House Committee Votes To Take Food Stamps Away From Millions Of Low-Income Americans

Today, the House Agriculture Committee approved the final version of the 2012 farm bill, complete with its draconian cuts for families struggling to put food on the table. The proposed bill cuts $35 billion from the federal food and nutrition budget, about $16.5 billion of which come from the Supplemental Nutrition Assistance Program — more commonly known as SNAP or food stamps.

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House Committee Votes To Take Food Stamps Away From Millions Of Low-Income Americans

Today, the House Agriculture Committee approved the final version of the 2012 farm bill, complete with its draconian cuts for families struggling to put food on the table. The proposed bill cuts $35 billion from the federal food and nutrition budget, about $16.5 billion of which come from the Supplemental Nutrition Assistance Program — more commonly known as SNAP or food stamps.

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Facebook scans chats and posts for criminal activity

Facebook has added sleuthing to its array of data-mining capabilities, scanning your posts and chats for criminal activity. If the social-networking giant detects suspicious behavior, it flags the content and determines if further steps, such as informing the police, are required.


The new tidbit about the company’s monitoring system comes from a Reuters interview with Facebook Chief Security Officer Joe Sullivan. Here’s the lead-in to the Reuters story:


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