Any key card will do. Even old and expired, or discarded keys retain enough residual data to be used in the attack. Using a handheld device running custom software, the researchers can steal data off of a key card — either using wireless radio-frequency identification (RFID) or the magnetic stripe. That device then manipulates the stolen key data, which identifies the hotel, to produce an access token with the highest level of privileges, effectively serving as a master key to every room in the building.
If you start early enough, even big savings goals are more achievable. For instance, say you want to have $500,000 saved by the time you turn 65. If you’re earning a 7% rate of return on your investments each year, here’s how much you’d have to save every month to meet that goal depending on when you start saving:
David Stockman is a former Republican congressman from Michigan and was President Reagan’s budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman’s Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America and Trumped! A Nation on the Brink of Ruin… And How to Bring It Back.
Of note is that it can’t be precisely predicted when the 17 millionth bitcoin will be mined or who will mine it, due to the many minute variances that are created in keeping a common software in sync. That said, there’s a relative predictability. Each bitcoin block produces 12.5 new bitcoin, and as bitcoin blocks occur roughly every 10 minutes, about 1,800 new bitcoin are created each day.
Debt and Delusions – Part One (GE Christenson)
Official U.S. government national debt (many other countries are no better) is the debt owed “on the books.” Unfunded liabilities, such as Social Security payments, Medicare, military pensions and upcoming student loan defaults are NOT included. The reality is far worse than indicated by the official national debt.
Plot 50 years of official national debt on a log scale. The trend is unmistakable. National debt has increased exponentially 8% – 9% per year. National debt doubles every eight to nine years.
The corporate model is completely counter to Adam Smith’s original premise of free market trade. Large corporations receive unfair legal protection under limited liability as well as outright legislative protection from civil consequences (Monsanto is a perfect example of this). They also receive immense taxpayer funded welfare through bailouts and other sources when they fail to manage their business responsibly. All this while small businesses and entrepreneurs are impeded at every turn by taxation and legal obstacles.
Expect Much Tighter Oil Markets (Michael S.)
The aforementioned combo of higher exports, stronger refinery runs and lower waterborne imports have colluded to leave Q1 U.S. crude inventories 110 million barrels lower than end-March last year. (Granted, this is from a high-water mark indeed – the absolute record of U.S. crude inventories at 535.54 million barrels, but hey).
So why exactly are people more afraid of sharks than mosquitoes? The late Hans Rosling would argue that humans are hardwired to fear things that cause us physical harm. This instinct is practical if you live in poverty (on level 1 or 2), where an animal attack is more likely to kill you. But if you can afford life-saving healthcare, it can distort your perception of how significant a threat really is.
Gold & Silver
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