China is facing an uphill battle to maintain an orderly depreciation of the yuan as investors pile up bearish bets against the currency outside the mainland.
Read the Full Article: Source – Wall Street JournalRead More
Time For Truth: (Wall Street Journal) – China Struggles to Steady Yuan’s Decline
A hacking attack on Google’s Gmail service in 2011 prompted Hillary Clinton and her aides to worry about the security of private email accounts widely used by government officials who found their “antiquated” government-issued laptops inefficient.
Clinton’s use of a private email account connected to a server in her New York home while she led the
State Department now hangs over her campaign to become the Democratic nominee for the November 2016 presidential election.
Leaders of the Senate Judiciary Committee said Wednesday they were seeking answers from the Obama administration about federal law enforcement’s use of surveillance technology that sweeps up basic cellphone data.
In a bipartisan letter to the departments of Justice and Homeland Security, Sens. Patrick Leahy, D-Vt., and Chuck Grassley, R-Iowa, described a recent policy change by the FBI that they said had left them with additional questions about how the equipment was used and about what privacy protections were in place.
European banks are being urged to boost their ability to withstand losses before the conclusion of a stress test that is drawing criticism for its design.
Axel Weber, the chairman of Zurich-based UBS AG and a former head of Germany’s Bundesbank, said yesterday that stress-testing banks that have depleted capital is akin to expecting a patient recovering from a heart attack to pass a rigorous physical exam. Moody’s Analytics Inc. said last week that the tests aren’t internally consistent.