Archive for July 2nd, 2008

The Hill Blog» Senate Housing Bill Allows Government to Spy on Internet Commerce

The Hill Blog» Blog Archive » Senate Housing Bill Allows Government to Spy on Internet Commerce
Without any discussion, Senators added a provision to H.R. 3221 (The American Housing Rescue and Foreclosure Prevention Act of 2008) requiring electronic payment services to collect, aggregate, and transmit details of every sale to the federal government.

Gazette: City Chicks

Top Stories: City Chicks: Easy-to-keep animals part of a growing off-the-farm trend | city, farm, one: Gazette.com
The Conners’ three chickens lay about 50 eggs per month. At $4 per dozen for organic eggs, the Conners figure their birds easily cover the $105 they spend on grain every year and the $2 they spend for each chick.

U.S. warns Iran on key oil route - Iran- msnbc.com

U.S. warns Iran on key oil route - Iran- msnbc.com
Cosgriff said that if Iran chocked off the Strait of Hormuz, it would be “saying to the world that 40 percent of oil is now held hostage by a single country.”

Midwest floods spotlight decrepit infrastructure | Reuters

Midwest floods spotlight decrepit infrastructure | Reuters
The disaster has reminded policymakers of the decrepit state of U.S. infrastructure, stirring concerns similar to those following the deadly Minneapolis bridge collapse in 2007 and the flooding of New Orleans after Hurricane Katrina in 2005.

Even before the latest flooding, a group representing engineers said the United States needed to spend about $1 trillion more than it does now to bring infrastructure up to par with modern needs and standards.

“The patch-and-pray approach simply won’t succeed,” said David Mongan, head of the American Society of Civil Engineers.

Anatomy of a bank failure: When the liquidators come calling

Anatomy of a bank failure: When the liquidators come calling
The rest of the FDIC officials then swarmed in. Armed sheriff’s deputies moved to the doors to stand guard. FDIC officials put tape on some interior doors to prevent them from automatically locking.

By the time the mayor arrived, the agency had already restored access to the automated-teller machine for depositors and changed the bank’s Web site. The vaults were secure.

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