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Archive for January 2015

Senator Rand Paul re-introduces ‘Audit the Fed’ bill

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WASHINGTON (Reuters) – Republican Senator Rand Paul, a potential 2016 presidential candidate, on Wednesday re-introduced a bill that would expose the Federal Reserve’s monetary policy discussions and decisions to a congressional audit.

The Fed fears that a full GAO audit would reveal too much detail of monetary policy decisions made by the Federal Open Market Committee. Fed officials have said such exposure would complicate their public communications, hurt their credibility and stoke financial market volatility. The central bank also fears that efforts to impinge on its independence would hurt U.S. monetary policy.

Full Story:  Senator Rand Paul re-introduces ‘Audit the Fed’ bill – Yahoo News Canada

Written by bothernews

January 29, 2015 at 12:45 am

‘Cyber war games’ to be staged by UK and US

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15 January 2015

The UK and US are to carry out "war game" cyber attacks on each other as part of a new joint defence against online criminals.

The first exercise, a staged attack on the financial sector, will take place later this year, Downing Street said.

The "unprecedented" arrangement between the two countries was announced as Prime Minister David Cameron held talks with US President Barack Obama.

Agents will also co-operate in "cyber cells" on both sides of the Atlantic.

Downing Street said this was the first "cyber cell" the UK had established with another country.

The measures come in the wake of recent cyber attacks on Sony Pictures and US Central Command.

Full Story:  BBC News – ‘Cyber war games’ to be staged by UK and US