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Comment: Re:Ridiculous border restrictions (Score 1) 784

by arnott (#45554985) Attached to: Disabled Woman Denied Entrance To US Due To Private Medical Records
Regarding wearing suit, I was in India to renew my visa in Chennai in April. I was the only one in jeans & t-shirt, and everyone else was in suit or something similar in the scorching heat & humidity. Its just that, people are scared and do not want to take any chances.
Government

+ - New law permits data on U.S. citizens to be held longer->

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arnott
arnott writes "The Obama administration has approved guidelines that allow counterterrorism officials to lengthen the period of time they retain information about U.S. residents, even if they have no known connection to terrorism.
The changes allow the National Counterterrorism Center (NCTC), the intelligence community’s clearinghouse for terrorism data, to keep information for up to five years. Previously, the center was required to promptly destroy — generally within 180 days — any information about U.S. citizens or residents unless a connection to terrorism was evident.

“Total Information Awareness”. How about TIA for the people about the government ?"

Link to Original Source

+ - Blocking WikiLeaks emails hinders prosecution of Bradley Manning->

Submitted by
arnott
arnott writes "The federal government's vigilance at preventing anything relating to WikiLeaks from appearing on a government computer has tripped up military prosecutors, causing them to miss important emails from the judge and defense involved in the case. Yesterday's Manning hearing also revealed that the U.S. claims that Manning aided al-Qaeda by allegedly giving documents to Wikileaks. What about the New York Times, which also posted the Wikileaks documents?"
Link to Original Source

Comment: $1 Trillion guarantee ? (Score 2) 917

by arnott (#37773926) Attached to: US Student Loans Exceed $1 Trillion
How about $75 trillions ? BofA Said to Split Regulators Over Moving Merrill Derivatives to Bank Unit

Bank of America Corp. (BAC), hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according to people with direct knowledge of the situation.

Bank of America’s holding company -- the parent of both the retail bank and the Merrill Lynch securities unit -- held almost $75 trillion of derivatives at the end of June, according to data compiled by the OCC. About $53 trillion, or 71 percent, were within Bank of America NA, according to the data, which represent the notional values of the trades.

That compares with JPMorgan’s deposit-taking entity, JPMorgan Chase Bank NA, which contained 99 percent of the New York-based firm’s $79 trillion of notional derivatives, the OCC data show.

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