October 19, 2015 nº 1,684 - Vol. 13
 

"Greatness means looking inside ourselves more deeply as well as outside, beyond our self-interest and immediate gratification."

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  • Top News

Drones face new regulatory push

U.S. regulators plan to require recreational drone owners to register their devices, an ambitious bid to rein in reckless users that faces a tight timeline and a thicket of legal and practical questions. The Transportation Department plans to announce Monday that it wants to soon require registration for all unmanned aircraft "except for toys and those with minimal safety risk." The department plans to create a task force of more than two dozen government and industry representatives to recommend the specifics of a registration policy, including which drones should be included, how users will register and whether the rules will apply to drones already sold. The draft news release says the department wants to "create a culture of accountability" for drone operators. Several people said the government aims to issue final registration rules before Christmas, an exceptionally fast timeline for aviation regulations. Typical aviation rulemakings take years.

Deutsche Bank in major overhaul to address shareholder complaints

Deutsche Bank said on Sunday that it would split its investment bank in two and overhaul its top management as the lender, Germany's largest, tried to overcome legal problems and address criticism that it was inefficient. As part of the reorganization, which was approved by the bank's supervisory board at a meeting on Sunday, several top executives will leave, including two who were criticized for their handling of accusations that Deutsche Bank colluded with other banks to rig benchmark interest rates. The changes represent the first major attempt by John Cryan, co-chief executive of Deutsche Bank since July, to address complaints from shareholders that the bank is too complicated and not profitable enough. Mr. Cryan replaced Anshu Jain, who was a key figure in making Deutsche Bank a competitor to big investment banks like Goldman Sachs and JPMorgan Chase, but resigned in part because of pressure from shareholders unhappy about inconsistent profits. The bank's other co-chief executive is Jürgen Fitschen, who has announced his intention to resign in May.

In Brazil, court ruling threatens to hamper anticorruption success

A single federal judge has overseen the adjudication of Brazil's vast corruption scandal involving state-run oil company Petróleo Brasileiro SA, issuing a string of warrants and multiyear prison sentences against some of the country's most powerful executives. In the process, Sergio Moro has become in the past year something of a cult figure in Brazil. But a recent Supreme Court decision will take some corruption cases out of Moro's hands, threatening to unravel his legacy and upend the blockbuster investigation. The ruling has some Brazilians fearing that the nation's fight against impunity could unravel without the hard-nosed Mr. Moro at the helm. The corruption investigation "will weaken if people lose trust in the operation," said attorney Rubens Nunes, one of the leaders of an antigovernment protest movement.

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  • Crumbs

1 - British court rules taxi-hailing app Uber is legal in London - click here.

2 - Steve Ballmer Buys Into Twitter - click here.

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  • MiMIC Journal

IBM gives the Chinese government access to software code

IBM said it is giving the Chinese government access to some software code, seeking to demonstrate the security of its products as the company tries to expand its business in the country. Beijing won't receive client data or "back doors" into the technology, IBM said Friday. Technology providers including Microsoft Corp. have reached similar agreements in China, IBM said. Microsoft established a program with China in 2003, giving the government access to some Windows source code. "Strict procedures are in place within these technology demonstration centers to ensure that no software source code is released, copied or altered in any way," IBM said. "Those are applied rigorously regardless of country."

China tycoon back under U.S. scrutiny

Congressional reports have linked Ng Lap Seng, a Chinese billionaire charged with bribing a former top United Nations official, with a campaign-fiance scandal and also named him as a front for Communist Party cadres.

Is China’s government complicit in a massive savings scandal?

Over 200,000 people lost their money in the collapse of Fanya Metal Exchange six months ago. The government, which promoted investments in Fanya, is now indifferent to their plight.

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  • Brief News

Amazon sues 'fake reviewers'

Amazon is taking legal action against more than 1,000 people it says have posted fake reviews on its website. The US online retail giant has filed a lawsuit in Seattle, Washington. It says its brand reputation is being damaged by "false, misleading and inauthentic" reviews paid for by sellers seeking to improve the appeal of their products. It comes after Amazon sued a number of websites in April for selling fake reviews. Amazon says the 1,114 defendants, termed "John Does" as the company does not yet know their real names, offer a false review service for as little as $5 on the website Fiverr.com, with most promising five-star reviews for a seller's products. "While small in number, these reviews can significantly undermine the trust that consumers and the vast majority of sellers and manufacturers place in Amazon, which in turn tarnishes Amazon's brand," the technology giant said in its complaint. Amazon said it had conducted an investigation, which included purchasing fake customer reviews on Fiverr from people who promised five-star ratings and offered to allow purchasers to write reviews. It said it had observed fake review sellers attempting to avoid detection by using multiple accounts from unique IP addresses.

Greece lawmakers approve new austerity bill

Greek lawmakers approved a bill early Saturday morning containing new austerity measures and economic overhauls under its new bailout program. All but one of the 155 members of the leftist Syriza, which now runs the government under Prime Minister Alexis Tsipras, and the Independent Anel Greeks voted in favor of the bill, with 140 other lawmakers voting against it. The bill, which was passed after a week-long debate, introduced a new round of tax hikes for all taxpayers, as well as stricter penalties for those who evade paying them. The bill also contained provisions for a new pension system that will phase out early retirement and make other pension cuts. It was required that the Greeks pass the bill in order to qualify for their next €2 billion (USD $2.3 billion) loan installment. The loan installment is part of the country's third major bailout agreement with eurozone lenders, worth a total of €86 billion euros (USD $98 billion).

Migrant crisis: Tensions rise in Balkans as numbers grow

Tensions are building among thousands of migrants heading north through Balkan states as their route to Western Europe is stalled by new controls. Croatia had asked its northern neighbor Slovenia to accept 5,000 migrants daily, but Slovenia said it would only take half that number. The move has led to a build-up of people on Croatia's border with Serbia.

Egypt votes in long-delayed parliamentary elections

Polls have opened in Egypt in the first round of long-delayed elections to choose a new parliament. They are the first such elections since the previous chamber was dissolved by a court ruling in 2012. The authorities say the poll is the final step in a transition to democracy. However, critics say most candidates are supporters of President Abdul Fattah al-Sisi and the new parliament is likely to strengthen his control. President Sisi is a former general who led the 2013 military overthrow of Islamist President Mohammed Morsi, following months of unrest.

Google's book-scanning project is legal, U.S. Appeals Court says

A group of authors had sued over Google's effort to compile a digital library, arguing the project was illegal. An appeals court found the program complies with copyright law.

Burkina Faso coup leader charged with crimes against humanity

The leader of last month's attempted military coup in Burkina Faso, General Gilbert Diendere, was charged Friday with crimes against humanity. Prosecutor Col. Sita Sangare, Burkina Faso's director of military justice said that he has charged 23 people so far with charges ranging from murder and concealing the bodies of the dead to threatening state security and fraud. The prosecutors are also looking to charge Diendere's wife for her part in the events. During the military coup attempt at least 11 people were killed and more than 250 injured. The coup started when Diendere took the president and his cabinet hostage right before elections last month. The election has been rescheduled for November 29.

Would you tell Apple when you've had sex?

Would you go around telling people when you've had sex? When Apple released its iOS9 mobile operating system it included a new feature - the ability for women to log their sexual activity alongside details of their menstrual cycles. An earlier version of its HealthKit software - which tracks everything from electro dermal activity to chromium intake - had lacked the facility. Other apps existed that could pick up the slack, but it had led to claims that Apple - and other phone companies - had not focused closely enough on women's health. Women who are trying to get pregnant often track a number of health signals in order to fully understand their monthly cycle and therefore catch their most fertile times - much as a marathon runner would track their fitness metrics. According to Apple, users decide which information will go into the Health app and which third-party apps can access the data. Those third-party apps must have a privacy policy. When phones are locked, the health and fitness data is encrypted. If users choose to back up health data to iCloud, that is encrypted as well.

As airline megamergers wrap up, US Airways flies into history

Mergers have left the airline industry with four huge carriers: American, United, Delta and Southwest. But competition may be around the corner — from foreign carriers or young entrepreneurs. Sure, there still will be smaller, niche players, such as JetBlue and Alaska Airlines. Some of them may yet merge with each other, or get absorbed by the Big Four. But those combinations wouldn't shake up the industry. With major carriers all paired off these days, megamergers are over because the market is so depleted now. One way to bring in more large-scale competition would be to allow foreign carriers to operate domestic routes. Under current rules, you can fly from New York to Dubai on Emirates airline, but not from New York to St. Louis. If domestic fares were to shoot up, the federal government might open the door to allow foreign competition. The future is going to be more multinational.

Amnesty: Venezuela must halt campaign against human rights activists

Amnesty International (AI) on Friday called for a halt to the "escalating campaign" against human rights activists taking place in Venezuela. According to human rights groups, the government has employed tactics intended to discredit and undermine the legitimacy of 28 international and Latin American human rights organizations by making allegations that the organizations do not support Venezuelan democracy. AI encouraged Venezuela to support the much needed human rights reform especially in light of the upcoming hearing Venezuela will attend at the Inter-American Commission of Human Rights (IACHR) on Monday.

Maine concealed carry law takes effect, no longer requires permit

Maine's revised concealed carry law went into effect Thursday and allows legal gun owners to carry concealed weapons without a permit. The law was passed by the Maine State Legislature and approved by Governor Paul LePage in July. The law applies to people who are 21 or older or military members age 18 or older, and will likely effect current gun owners who no longer need to apply for a permit from the Maine State Police or attend safety classes in order to carry a concealed weapon. Possession of a state issued permit is still necessary in order to carry a concealed weapon in other states and prohibitions on where firearms can be carried remain in place.

India top court strikes down judicial appointment law

The Supreme Court of India ruled Thursday that a new law intended to change the structure of judicial appointments is unconstitutional. Traditionally the Indian judiciary was appointed by a 20-year-old collegium of five senior judges, but the National Judicial Appointments Commission (NJAC) Bill replaced that system last year with appointment by a panel of six comprising f a mix of Supreme Court judges and politicians. While many found fault with the previous collegium system, the change was met with widespread criticism as well. The court held that "the new scheme damages the basic feature of the Constitution under which primacy in appointment of judges has to be with the judiciary." Thus, the NJAC cannot stand and the previous collegium system must been revived.

Greece's big challenge: fix bad loans without destroying banks

Providing responsible relief to the tens of thousands of Greeks unable to make loan payments is a top subject of discussion between Greece and its creditors.

Goldman Sachs fires 20 junior employees accused of test cheating

Landing a job as an analyst at Goldman Sachs is a golden ticket for a newcomer to Wall Street. Now 20 of those who pulled off that feat are being dismissed for cheating on an employee test, the firm says. The 20 worked in the firm's securities division, which houses its trading operations, in New York and in London.

Florida bar rejects controversial plan to entice out-of-state lawyers

The Florida Bar has officially retreated from a plan to make it easier for attorneys who don't live in the state to practice law there.

  • Weekly Magazine Review

Time Magazine
Help! My Parents Are Millennials

Newsweek
Hungary Closes Border With Croatia, Forcing Migrants, Refugees to Slovenia

Business week
Why Hillary Clinton Can’t Win by Going After the NRA

The Economist
Britain and Europe: The reluctant European

Spiegel
Das zerstoerte Sommermaerchen

Espresso
L’abuffata continua

  • Daily Press Review

Turkey sacks Ankara police chief after suicide bombings
Al Jazeera, Doha, Qatar

MPs approve Osborne's budget rules
BBC News, Centrist newscaster, London, England

Israeli-Palestinian violence: What you need to know
CNN International, London, England

Heidi Klum is 'mom and a dad at the same time' since her split from Seal in 2012
Daily Mail, Conservative daily, London, England

Denmark's Princess Marie denies boob job after Her & Nu magazine claimed she had one
Daily Mail, Conservative daily, London, England

Tense times in Jerusalem
EuroNews, International news, Ecully Cedex, France

Israel seals off East Jerusalem after 'Day of Rage' attacks
France 24, Issy-les-Moulineaux, France

?? Sanat to present a rich program in its new season
Hurriyet Daily News, (Liberal, English-language), Istanbul, Turkey

'Blood moon' prompts Mormon announcement: This is NOT the end of the world
Independent The, London, England

Pompeii's pilferers punished with a curse from the gods
Telegraph The, Conservative daily, London, England

The Apprentice 2015: episode 1, live
Telegraph The, Celebrity news, London, England

Hung ouster in motion, Chu calls for party unity
China Post, English-language daily, Taipei, Taiwan

Up to 10 Million People Made Sick by Their Phones
Chosun Ilbo, Conservative daily, Seoul, South Korea

Pope Francis makes historic first US visit
Hindustan Times, New Delhi, India

Minister vows to return donations from firms involved in bid-rigging
Japan Times, Independent centrist, Tokyo, Japan

Financial services startup Square files for $275M IPO
New Zealand Herald, Conservative daily, Auckland, New Zealand

Ukraine President cancels trip over protests in eastern Ukraine
Straits Times, Pro-government, Singapore

Beat the post holiday blues
Sydney Morning Herald, Centrist daily, Sydney, Australia

Nike says expects revenue of $50 bn by 2020
The Economic Times, Business, Mumbai, India

It's official ó the 1% finally own 50% of everything
Canadian Broadcasting Centre, Toronto, Ontario

New York teen dies after beating at church during 'counselling'
Globe and Mail The, Centrist daily, Toronto, Canada

Liberty Reserve Brought Down By 'Joe Bogus': How The Feds Arrested Arthur Budovsky
International Business Times, Business news organization, New York, U.S

Wall St declines as Wal-Mart's weak forecast drags on retailers
Reuters, Business News, New York, U.S

Malaysia's embattled PM facing stern test as parliament returns
Reuters, World News, New York, U.S

Blue Jays cut lead to 2-1 against Rangers in Game 5
Toronto Star, Toronto, Ontario

US troops to help fight Boko Haram
BBC News, Centrist newscaster, London, England

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