When the European Central Bank introduced a negative interest rate on lenders’ deposits two years ago, few thought things would ever go this far.

This week, a German cooperative savings bank in the Bavarian village of Gmund am Tegernsee — population 5,767 — said it’ll start charging retail customers to hold their cash. From September, for savings in excess of 100,000 euros ($111,710), the community’s Raiffeisen bank will take back 0.4 percent. That’s a direct pass through of the current level of the ECB’s negative deposit rate.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Negative Rates for the People Arrive as German Bank Gives In

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Germans with dual nationality will lose their German citizenship if they fight for militant Islamist groups abroad under new anti-terror proposals.

Interior Minister Thomas de Maiziere also announced plans to speed up the deportation of foreign criminals.
He announced extra personnel, equipment and surveillance powers for the police.

But he rejected banning the public wearing of the burka (the Islamic full veil). And he resisted pressure to ease medical confidentiality.

Read the Full Article: Source – BBC News
Time For Truth: (BBC News) – Germany in new anti-terror plan to thwart Islamist militants

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More refugees are now making their way to Germany from Italy via Switzerland, instead of the traditional route from Greece through the Balkans and Austria which have now become almost impenetrable thanks to borders being fenced off.

Migrants are also trying to find different routes after Ankara made an agreement with the European Union (EU) to accept migrants back who had made the journey across the Mediterranean from Turkey to Greece.

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A Chinese tourist who tried to report a stolen wallet during a visit to Germany unwittingly signed an application that got him stranded as a refugee for two weeks in the country’s burgeoning asylum bureaucracy.

The 31-year-old, known as Mr L, spoke only Mandarin. German authorities discovered their mistake after turning in desperation to a local Chinese restaurant to interpret for them, a Red Cross official said on Monday.

Read the Full Article: Source – The Guardian
Time For Truth: (The Guardian) – Chinese tourist who lost wallet in Germany ends up in refugee shelter

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With widespread adoption among law enforcement, advertisers, and even churches, face recognition has undoubtedly become one of the biggest threats to privacy out there.

By itself, the ability to instantly identify anyone just by seeing their face already creates massive power imbalances, with serious implications for free speech and political protest. But more recently, researchers have demonstrated that even when faces are blurred or otherwise obscured, algorithms can be trained to identify people by matching previously-observed patterns around their head and body.

Read the Full Article: Source – Vice
Time For Truth: (Vice) – 'Faceless Recognition System' Can Identify You Even When You Hide Your Face

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