On the heels of John Kerry's accusation that Russia's behavior does not belong in the 21st century, Germany's Angela Merkel has come out swining against the escalating spying scandal with the US (which saw allegations that the US had recruited two Germans to sell secrets this week). During an interview with ZDF, the German leader blasted “that we have different perceptions on the work of intelligence services," adding that "we don’t live in the Cold War anymore." The White House's response, so far, a shrug of 'business-as-usual' from Josh Earnest; which fits with Merkel's conclusion: "I think it's [...]
With threats and promises over cyber-crimes fleeting back and forth between the US and China, it appears - through the 'back-channel' of the nation's state broadcaster CCTV - China has stepped it up once again. As AFP reports, China has accused US technology giant Apple of threatening national security through its iPhone's ability to track and time-stamp a user's location. While not exactly a 'new feature' of the phones, the timing of China's public lambasting reflects the escalating mutual distrust between the US and China over the extent of cyber-espionage.
Related to a book that I'm writing in German, I was asking myself whether the 12 regional Federal Reserve banks are privately owned.
The US Supreme Court, I found out, said this on January 3, 1928 in the case “United States Shipping Board Emergency Fleet Corporation v. Western Union Telegraph Co.“:
Instrumentalities like the national banks or the federal reserve banks, in which there are private interests, are not departments of the government. They are private corporations in which the government has an interest. Compare Bank of the United States v. Planters' Bank, 9 Wheat. 904, [...]