Transportation Secretary Elaine Chao spoke at the Faith & Freedom Coalition’s “Road to Majority” event on Friday, telling the audience how those traditional values of faith and freedom inspired her family to move “across the world to America” when she was just eight years old. Chao lauded the Trump administration for lowering taxes and reducing the burden of regulation to create more opportunities for a new generation of Americans.“Faith, freedom, and opportunity are not abstract concepts for those who have experienced life without them,” said Chao. She said that faith was the wellspring for the “optimism, hope, and confidence” that fortified her family for the challenges of moving to a new country, where they had no friends, and learning a new language. “It was a local church that welcomed us, gave us comfort and advice on how to maneuver through everyday life,” she said, warmly recalling how other members of the … [Read more...] about Elaine Chao: Keeping Faith with America by ‘Working Hard to Increase Opportunities for All’
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Encrypted communication services are eroding the ability of law enforcement to detect dangerous offenders, an official report has warned.The National Crime Agency (NCA) revealed that its officers observe the use of encryption in criminal contacts across all threat areas it tackles.Publishing its strategic assessment of serious and organised crime for 2018, the NCA highlighted the impact of technological developments on authorities’ ability to collect evidence and intelligence. Since 2010, communication providers have moved towards offering encrypted services “by default”, the report noted.The majority of internet traffic is encrypted while publicly-available mobile apps offer end-to-end encryption as standard – meaning messages are encoded so that only the sending and receiving devices can read them.The NCA’s assessment acknowledged that encryption provides important benefits to the public and economy, enabling digital commerce, ensuring security on the … [Read more...] about Encryption services make catching dangerous criminals harder, report warns
The rise of social media, peer-to-peer platforms and online banks has had a huge impact on the convenience and ease of transactions between individuals. But these platforms have simultaneously opened new doors for fraudsters to trick people out of their money and particularly criminals looking for ever more innovative ways of laundering the proceeds of their crimes. In an increasingly digital world, is money laundering becoming easier to pull off?With ecommerce so commonplace and only on the rise, legitimate websites are being used as payment processors in order to launder vast amounts of money. Drugs can be ordered online and the transaction will appear as something innocuous on your statement, such as a floristry purchase. From the bank’s side, their customer appears to be an online florist, helping mask funds as cash is not used. Transactions are funnelled through other legitimate payment ecosystems for illegitimate purposes, including the financing of terror through criminal … [Read more...] about Is money laundering easier in a digital world?
Stop being a people-pleaser. And understand your market value. Jaime Sarachit Published 9:32 am, Tuesday, April 10, 2018 Photo: Klaus Vedfelt | Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Klaus Vedfelt | Getty Images Today Is Equal Pay Day. So, If You're a Woman Asking for More Money, Think Like a Man. Just Don't Act Like One. 1 / 1 Back to Gallery Back in 2014, after finding out through Sony’s massive hacking scandal that her male co-stars in American Hustle had been paid more than she, actress Jennifer Lawrence wrote a now-famous essay for actress Lena Dunham's blog, reflecting on her own role in the situation. Related: Women Won't Achieve Equal Representation in Business Unless Men Help Change the Status Quo “I failed as a negotiator because I gave up … [Read more...] about Today Is Equal Pay Day. So, If You’re a Woman Asking for More Money, Think Like a Man. Just Don’t Act Like One.
It’s no secret that Americans pay more for healthcare than people in all other developed countries. And a big reason for that is because our $3 trillion healthcare system is focused to a large extent on generating profits for businesses, rather than the well-being of patients.Much of that profit-seeking is perfectly legitimate, by which I mean it’s frequently outrageous, unethical and immoral, but within the letter of the law.Then there’s all the profiteering that occurs in the shadows, seeking to exploit the insane complexity of the U.S. healthcare system and in so doing drive costs even higher.“All healthcare systems have fraud,” said David Frankford, a law professor at Rutgers University. “But the U.S. system is so complicated and so fragmented, it just makes it easier to get away with.”A good example arose this week with the indictment of the owner of a Sacramento company, Trina Health, that offers what it calls “one of the most … [Read more...] about Consumer Confidential: Another downside to U.S. healthcare system: Way more opportunities for fraud
Mark Zuckerberg is the most powerful individual the corporate world has seen in decades. He doesn’t just lead an institution that touches almost every person on the planet; he also, thanks to financial engineering, has a majority of shareholder votes and controls the board, and is therefore answerable to no one. By design, he can’t be fired—he can only resign. Which is exactly what he should now do. Zuckerberg’s resignation would open up the possibility of a world-changing and reputation-enhancing second chapter, not only for him personally but also for Facebook the corporation. More important, those changes would clearly benefit the planet as a whole. Felix Salmon (@felixsalmon) is an Ideas contributor for WIRED. He hosts the Slate Money podcast and the Cause & Effect blog. Previously he was a finance blogger at Reuters and at Condé Nast Portfolio. His WIRED cover story on the Gaussian copula function was later turned into a tattoo. Facebook is in … [Read more...] about The Case for A Zuck-Free Facebook
The increase in initial coin offering (ICO) scams has caused an increase in distrust and skepticism in many recent campaigns. These doubts are justified, with so many seemingly legitimate projects acting as fronts for quick money-making schemes. However, there also continues to be a huge number of genuine and trustworthy ICOs being launched. In late 2017, we successfully completed our ICO campaign, raising over $10.5 million in the process. This was the result of a lot of hard team work and careful planning. Using this experience, we have put together the following tips for potential entrepreneurs who are looking to stand out from the crowded ICO area to generate interest and excitement around their business. Treat your ICO like raising capital via traditional routes Before launching an ICO, you must meet certain requirements and standards, such as the publication of a white paper. Here is ours, which attracted really good interest. However, these rules aren’t set in stone. The … [Read more...] about 6 tips for a successful initial coin offering
The year 2000, which once seemed so impossibly futuristic, had finally arrived. Bill McEwen, president of the new Amiga Inc., celebrated with a press release telling the world why he had bought the subsidiary from Gateway Computers. “Gateway purchased Amiga because of Patents; we purchased Amiga because of the People.” It was a bold statement, the first of many that would come from the fledgling company. Amiga Inc. now owned the name, trademark, logos, all existing inventory (there were still a few Escom-era A1200s and A4000s left), the Amiga OS, and a permanent license to all Amiga-related patents. They had also inherited Jim Collas’ dream of a revolutionary new Amiga device, but none of the talent and resources that Gateway had been able to bring to bear. To chase this dream, Amiga Inc. would have to look elsewhere. McEwen thought he had found the answer in an obscure British technology startup. This was the Tao Group, started by Francis Charig, a UK businessman, … [Read more...] about A history of the Amiga, part 12: Red vs. Blue
Why aren’t more brands using esports as a marketing platform? It reaches an attractive attractive millennial demographic. From the classical marketing viewpoint, the customer lifetime value of the esports millennial is significant for brands and worthy of meaningful marketing spending. The answer to why brands aren’t taking advantage of esports is simple: perceived risk. No one wants to be laughed out of the room for suggesting an investment in a platform that few understand or are familiar with. Esports is still in its infancy. Twitch, the largest digital streaming platform for gamers, still isn’t mainstream outside of gaming and esports communities. Sponsorship investment decisions are also often emotional, no different than anything else we invest our time and money into. Every sponsorship opportunity must navigate the personal prejudices and preferences of the individual decision maker in the organization. As someone who believes in the long-term value of esports … [Read more...] about Brands see esports as a risk — they shouldn’t
I’ve always been fascinated by a game’s ability to replicate real-world systems. Social interactions, weather systems, and even nuanced economies are re-created digitally with almost alarming accuracy. This has always been a part of a game’s appeal: the opportunity to safely play around in a world that feels so real. Today, games are inching closer to reality. Massively multiplayer online games replaced computer-controlled NPCs with real people, making room for massive online communities to grow organically. Now developers have infused in-game economies with real-world currency in an effort to better monetize their products. Instead of using virtual money earned in-game, you might just be asked to fork over real dollars for that next armor upgrade or level-up. This is the new in-game economy. As the line between what’s real and what’s becomes further blurred, players take on more risk. Whenever a game invites players to buy items with their money, the game … [Read more...] about Blockchain could transform in-game economies