ericjmorey

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Murray Releases Text of Bipartisan National Security Supplemental | United States Senate Committee on Appropriations ( www.appropriations.senate.gov )

U.S. Senator Patty Murray (D-WA), Chair of the Senate Appropriations Committee, released text of the Senate’s bipartisan national security supplemental package and issued the following statement:...

Unclassified letter reveals NSA's warrantless purchase of Americans' internet browsing data ( www.techspot.com )

My data is already bought and sold by companies. But when government agencies do it, suddenly we only need to stop them. Stop this madness. It shouldn’t matter if it’s corporations or a government, why not stop the sale of people’s data?

ericjmorey ,

We should look out for all the villagers and reduce the risk of tiger attacks.

ericjmorey ,

Does the NSA need a warrant to purchase information that’s being legally gathered and sold?

The governments in the US shouldn’t be collecting non-public information without a warrant if acquiring that information directly would require a warrant. Seems like a clear infringement of the 4th amendment.

House panel advances debt commission without shields for Medicare, Social Security ( thehill.com )

The House Budget Committee did not take measures to protect systems like Medicare and Social Security on Thursday, despite advancing legislation to create a bipartisan fiscal commission designed to find a solution to the government’s budget....

ericjmorey ,

Solution? What do they think the problem is?

ericjmorey ,

He was found guilty of exactly the crime you’re concerned about for the exact reason you’re concerned about.

ericjmorey ,

It’s illegal to fire a gun in a mall for good reason. The man was found guilty of doing exactly that.

US Federal Reserve launches "FedNow" - the long-awaited instant payments service, modernizing the US banking system ( www.reuters.com )

The “FedNow” service, which has been in the works since 2019, will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line with countries including the United Kingdom, India, Brazil, as well as the European Union, where similar services have existed for years....

ericjmorey ,

It’s more of a protocol/standard which can be used to build applications and interfaces. Bill pay will likely be an application and your bank’s website will likely have some interface that uses FedNow. But there will be many other applications and interfaces.

ericjmorey ,

They’ll likely use Fed Now for their service in the future.

ericjmorey ,

Financial institutions have been happy with the fees generated by not having this system in place. And the Fed is explicitly not allowed to compete with its member banks.

ericjmorey ,

It will likely reduce money transfer fees overall and decrease average processing time dramatically.

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