"The Federal Reserve Board prefers to operate in a shroud of secrecy, and its officials really don’t like having to answer to anybody."
"China and "probably one or two" other countries have the ability to invade and possibly shut down computer systems of U.S. power utilities, aviation networks and financial companies, Admiral Mike Rogers, the director of the U.S. National Security Agency, said on Thursday."
"The Federal Reserve said Thursday that it has launched a review of how it oversees major banks, calling on its inspector general to help with the probe after a series of critical reports."
"Senate Republicans on Tuesday blocked a sweeping overhaul of the once-secret National Security Agency program that collects records of Americans’ phone calls in bulk."
"The 1989 Loma Prieta earthquake killed 63 people, injured 3,800 more and damaged 28,000 homes and businesses, including much of San Francisco's Marina district. San Francisco continues to face the threat of earthquakes — and other natural disasters as well, thanks to climate change. These catastrophes can't be averted, but Cyndy Comerford believes good preparation is possible."
"Facebook is secretly working on a new website called “Facebook at Work” to get a foothold in the office that will see the social network of more than 1bn people compete directly with Google, Microsoft and LinkedIn."
"Recent gains in controlling the Ebola epidemic in West Africa have been encouraging, but they offer no reason for complacency."
"The federal government has significantly expanded undercover operations in recent years, with officers from at least 40 agencies posing as business people, welfare recipients, political protesters and even doctors or ministers to ferret out wrongdoing, records and interviews show."
"The Pentagon will have to spend billions of dollars over the next five years to make emergency fixes to its nuclear weapons infrastructure, Defense Secretary Chuck Hagel will announce on Friday, after two separate Pentagon studies concluded that there are “systemic problems across the nuclear enterprise,” according to senior defense officials."
"The traders called themselves “the players” and “the three musketeers” as they joined forces and shared information to “double team” their clients and manipulate currency rates."
"Amazon and Hachette announced Thursday that they had resolved their differences and signed a new multiyear contract, bringing an official end to a publishing dispute that blossomed into a major cultural and business brawl."
"Writing this column comes easier to me some times than others."
The FFIEC has just release new guidance in the form of three documents.
"The potential damage to businesses and national critical infrastructure from a successful attack on cyber-physical systems through the rapidly emerging Internet of Things (IoT), cannot be underestimated, according to a new study by Beecham Research."
"The recent killing of 18-year-old Michael Brown in Ferguson, MO, sparked a national response so powerful that frequent protests ignited throughout the United States bringing greater awareness to injustices that are still prevalent in our modern society."
"Law enforcement authorities across Europe and the U.S. shut dozens of illegal websites and arrested some operators, employing new and as yet unknown techniques to unmask those using an anonymity network."
"Alarmed by a report a decade ago that one of its airbags had ruptured and spewed metal debris at a driver in Alabama, the Japanese manufacturer Takata secretly conducted tests on 50 airbags it retrieved from scrapyards, according to two former employees involved in the tests, one of whom was a senior member of its testing lab."
"A username and password combination has long been the standard security mechanism for online accounts. But that method just isn’t cutting it anymore."
"The Supreme Court seemed inclined Tuesday to find that an air marshal fired for leaking information about plans that he felt endangered the public could seek protection under a federal law protecting whistleblowers."
"Google is on the hunt for a new mission statement."
"With the increased use of social media and ‘citizen journalism’, people are creating and sharing more information than ever before. It is now far easier (and quicker) for disgruntled employees, unhappy customers and campaigners to voice their opinions online – providing a wealth of content for journalists in a crisis."
"The site of the U.S. military’s future Ebola treatment center is now an overgrown grassland next to an abandoned airstrip on the Guinean border."
"On Feb. 14, 1989, I happened to be on a panel on press freedom for the Columbia Journalism Review when someone in the audience told us of Ayatollah Ruhollah Khomeini’s religious edict for blasphemy against the British novelist Salman Rushdie."