Security
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More China espionage issues |
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Written by Stumo
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Friday, 09 May 2008 |
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Duly noted:
Counterfeit products are a routine threat for the electronics
industry. However, the more sinister specter of an electronic Trojan
horse, lurking in the circuitry of a computer or a network router and
allowing attackers clandestine access or control, was raised again
recently by the F.B.I. and the Pentagon.
The new law enforcement and national security concerns were prompted by
Operation Cisco Raider, which has led to 15 criminal cases involving
counterfeit products bought in part by military agencies, military
contractors and electric power companies in the United States. ...
Arrests have been made in China as part of the investigation, she said.
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In the news
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The following article was written by Peter Morici on April 29, 2008:
Will the Fed Broaden Its Focus?
The Federal Reserve will almost certainly cut the target federal funds rate a quarter point to two percent on Wednesday. Fed watchers will be looking at the policy statement for clues as to whether the Fed will pause after cutting rates 3.25 percentage points since June.
The Fed may like to stop cutting rates. So far, rate cuts have aided homeowners with adjustable-rate mortgages and other borrowers with loans indexed to domestic interest rates; however, those cuts have not substantially increased bank lending.
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Read more...
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