The United States is studying the potential risk from online payment mechanisms like PayPal and Bitcoin, a top US Federal Reserve official told an international conference on Monday.
Some bankers have expressed worries that newer players in the online marketplace could have negative implications for the financial system.
“We have been talking… with banking organisations over the last year or two, trying more carefully to understand what the concerns are with these new payment mechanisms,” Federal Reserve Vice Chair Janet Yellen said.
But she denied the widespread view that such players operate completely unregulated, saying the United States has a stronger regulatory environment than many are aware of, especially in the area of consumer protection.
“In point of fact, at least in the United States, there are regulations that apply to PayPal and other payment providers,” she told the annual International Monetary Conference in China’s financial hub of Shanghai. Read The Full Story
Thank goodness carbon dioxide levels are finally rising ever so slightly in our atmosphere, bringing much-needed carbon dioxide to the plants and forests of the world which have been starving for CO2. The lack of CO2 in the atmosphere is one of the most devastating limiting factors for plant growth and reforestation of the planet, and at just 400ppm -- that's just 400 micrograms per kilogram -- carbon dioxide is so low that Earth's plant life can barely breathe. Read The Full Story
A Wyoming high school student who built a nuclear reactor in his dad's garage was disqualified from the International Science and Engineering Fair this month on a technicality.
His crime: competing in too many science fairs.
The infraction was reported by the former director of Wyoming State Science Fair, who later did not have her contract renewed. Officials at the University of Wyoming, the fair's sponsor, said the director acted outside her authority.
Conrad Farnsworth is the first person in Wyoming to build a nuclear fusion reactor. He is one of only 15 high school students in the world to do so successfully. He made it using parts he ordered online, traded with others and created himself. Read The Full Story
Glenn Jacobs, the seven-foot-tall professional wrestler better known as Kane, just might be the next Republican senator from Tennessee.
The former WWE world champion (and uncompensated Daily Caller columnist) is already being touted by Tennessee tea-party groups as the man who can beat moderate GOP Sen. Lamar Alexander in 2014. Read The Full Story
The activist who threatened to lead an armed march on Washington on July 4 has canceled the event but is urging people to converge on the 50 state capitols to protest gun regulations, according to his recent appearance on an Internet talk show.
“Please don’t come to Washington, D.C. Appeal on a state level,” Adam Kokesh, an Iraq war veteran, said in an interview Tuesday on “The Pete Santilli Show.” “We shouldn’t be begging the government to change. We should be hoping they respect our rights.”
In the interview, which was first reported by the Media Matters Web site, Kokesh said a friend is coordinating the state protests. It was unclear whether people were being urged to come armed.
“We have a couple of tricks up our sleeve in terms of what’s going to be happening the day of the event,” Kokesh said. “People can do whatever they want, whatever they feel is appropriate in their home state.” Read The Full Story