Displaying posts published in

June 2015

We’re Losing the Cyber War : By L. Gordon Crovitz

The huge theft from the Office of Personnel Management comes after years Obama administration passivity despite repeated digital attacks.

The Obama administration disclosed this month that for the past year China had access to the confidential records of four million federal employees. This was the biggest breach ever—until the administration later admitted the number of hacked employees is at least 18 million. In congressional testimony last week it became clear the number could reach 32 million—all current and former federal workers.

Greek Suicide Watch Voters in Europe, Japan and the U.S.,Take Note.

Athens has itself to blame if it defaults and leaves the euro.

The collapse on the weekend of last-ditch talks to extend Greece’s bailout means Athens won’t be able to afford a €1.55 billion debt payment due to the International Monetary Fund on Tuesday, the day the 2012 bailout agreement expires. The European Central Bank said Sunday it won’t increase its liquidity assistance to Greek banks, and Greece ordered banks not to open Monday to avoid more deposit flight.