Daily Readings 02-19-2018

By: The Cynical Economist
Published: February 19th, 2018

The playboy who got away with $242m – using ‘black magic’ – 

One day in August 1995 a man called Foutanga Babani Sissoko walked into the head office of the Dubai Islamic Bank and asked for a loan to buy a car. The manager agreed, and Sissoko invited him home for dinner. It was the prelude, writes the BBC’s Brigitte Scheffer, to one of the most audacious confidence tricks of all time.

Liberals write off $200M in student loans feds will never collect

The federal government is writing off more than $200 million in outstanding student loan payments that officials will never be able to collect.Recently released spending documents show the government won’t collect $203.5 million in debts from 34,240 students

Germany edges toward Chinese-style rating of citizens

China is experimenting with a dystopian “social credit system” which grades every citizen based on their behavior. The head of an expert panel argues that Germany is sleepwalking in the same direction.

How Russia turned the internet against America

Some who value the online world’s freedoms are ‘at a loss’ after Friday’s indictment offered new details about how trolls exploited its weaknesses.

Putin’s chef, a troll farm and Russia’s plot to hijack US democracy

The plot against America began in 2014. Thousands of miles away, in a drab office building in St Petersburg, Russia, a fake newsroom was under construction with its own graphics, data analysis, search engine optimisation, IT and finance departments. Its mission: ”information warfare against the United States of America”.

This Is What $1.25 Million Dollars a Month Bought the Russians

On Friday, the Department of Justice announced criminal charges against 13 Russians for interfering in the 2016 U.S. presidential election. Special counsel Robert Mueller accused the 13 — plus three Russian entities, including the infamous Internet Research Agency “troll farm” — of carrying out a wide-ranging disinformation campaign that involved stolen identities, fake social media accounts, and even a bizarre White House birthday subterfuge.

The operation, according to the indictment, was backed by Yevgeny Prigozhin, otherwise known as “the chef,” a Kremlin associate who once served caviar and truffles to former President George W. Bush — and dished out trouble to U.S. domestic politics. Prigozhin is accused of using his companies, including Concord Management and Consulting and Concord Catering, to fund the operation.

 

This entry was posted on Monday, February 19th, 2018 at 5:28 am and is filed under ADMIN, Economy, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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