Biometric passport chips can be cloned in an hour, researcher warns

Faked document with picture of Bin Laden fooled UN agency, newspaper reports


A British passport

New microchipped passports designed to protect against identity theft by terrorists and criminals can easily be faked, it was claimed today.

Tests showed that personal information could be cloned and manipulated within an hour before being inserted into new chips, the Times reported.

The paper said it had exposed “security flaws” in the passport system by asking a researcher to clone the chips on two British passports and implant digital images of Osama bin Laden and a suicide bomber. The altered chips were then passed as genuine by reader software used by the UN agency that sets the standards for such e-passports.

The tests showed that bogus biometrics could be inserted in fake or blank passports, the Times alleged, saying the flaws also undermined assertions that 3,000 blank passports stolen last week could not be forged.

Read moreBiometric passport chips can be cloned in an hour, researcher warns

Morgan Stanley has issued a major alert on the health of Spanish banks

Morgan Stanley, the investment bank, has issued a major alert on the health of Spanish banks, warning that a replay of the ERM crisis in the early 1990s could wipe out the capital base of weak lenders exposed to the property crash.

Read moreMorgan Stanley has issued a major alert on the health of Spanish banks

HSBC warns that financial crisis will spread to Asia

Asia will be infected by the economic weakness spreading through the world’s leading economies, threatening the engine of global growth, HSBC has warned.


Cashing in on Hong Kong gets harder

Speaking after reporting a “resilient” 28pc fall in pre-tax profits to $10.3bn (£5.2bn) for the six months to June, despite incurring a further $10bn of bad debt, Stephen Green, HSBC chairman, said: “I don’t believe the emerging markets have completely decoupled. There is no way a serious downturn in the US will leave Asia immune.”

HSBC, the world’s third largest bank, still expects the region to grow but it will be “with less momentum than in the recent past” because of rising inflation in the face of commodity price pressures.

Analysts at Exane BNP Paribas warned that the Asian outlook “provides the greatest threat to HSBC’s premium valuation” and that “some of the gloss has started to fade”.

Read moreHSBC warns that financial crisis will spread to Asia

Hundreds of banks will fail, Roubini tells Barron’s

NEW YORK, Aug 3 (Reuters) – The United States is in the second inning of a recession that will last for at least 18 months and help kill off hundreds of banks, influential economist and New York University Professor Nouriel Roubini told Barron’s in Sunday’s edition.

Taxpayers will pay a big price for helping bail out the rest of the financial services industry as well, Roubini said — at least $1 trillion and more likely $2 trillion.

The banks will become insolvent because of mounting losses as a result of the housing bust and because they have only written down their subprime loans so far, he said. Still in front of them are their consumer-credit losses, for which they lack the reserves, Barron’s reported.

He also said there are hundreds of millions of dollars outstanding in home-equity loans that could be worth zero, too.

Read moreHundreds of banks will fail, Roubini tells Barron’s

Star analyst: Credit crunch far from over

The star analyst tells Fortune magazine that housing woes will force banks to keep taking writedowns.

NEW YORK (Fortune) — The credit crisis is far from over, star analyst Meredith Whitney tells Fortune magazine in its upcoming issue.

Whitney, who audaciously – and correctly – predicted last October that Citigroup (C, Fortune 500) would have to cut its dividend, tells the magazine that banks in general today are still facing much bigger credit losses than what they’ve reported so far.

The Oppenheimer & Co. analyst warned last year – and continues to warn today – that the “incestuous” relationship between the banks and the credit-rating agencies during the real estate bubble will have a long-lasting impact on banks’ ability to recover.

Read moreStar analyst: Credit crunch far from over

Israel’s secret police pressuring sick Gazans to spy for them, says report

· Treatment only offered to would-be informants
· Patients allowed to cross the border drops sharply


A porter pushes a 15-year-old Palestinian cancer patient through the Erez crossing between the Gaza Strip and Israel Photograph: Goran Tomasevic

Israel’s secret police are pressuring Palestinians in Gaza to spy on their community in exchange for urgent medical treatment, according to a report released today by an Israeli human rights organisation.

Read moreIsrael’s secret police pressuring sick Gazans to spy for them, says report

Bush encounters dueling demonstrations in Asia

President Bush was greeted in Asia with dueling demonstrations by prayerful, flag-waving supporters and raucous protesters doused by police water cannons Tuesday, reflecting sharp political divisions at the outset of his three-nation trip.

The mixed reactions reflected a U.S.-South Korean relationship that has endured volatile moments this year, but is still considered reliable and vital for both sides.

Read moreBush encounters dueling demonstrations in Asia

U.K. wants to fluoridate 50% of the water supply

Water fluoridation worked very well in the Nazi concentration camps and the Russian gulags.
(For more information have a look at the related articles and videos below.)

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Nearly half our drinking water could have fluoride added to it under a ‘secret’ Government plan.

Dental health chiefs want to add the chemical to 40 per cent of England’s water supply to combat high levels of tooth decay.

But critics said the ‘mass medication’ of water without the population’s consent was an invasion of their human rights.

Concerns: Fluoride has been linked to a range of diseases

They also accused dentists of being in denial about the dangers of fluoride, which has been linked to diseases including brittle bones and cancer.

Read moreU.K. wants to fluoridate 50% of the water supply

What is happening to America?

RonPaul: “We don’t even know if they have the Gold there anymore.”


Source: YouTube

People will not realize the main problem in America until they actually take the time to do some serious research for themselves, but hopefully this video may open that window for you.

The primary cause of loss of liberty is our ever expanding government and it is manifest in the resulting economic situations.

Read moreWhat is happening to America?

White House told FBI to blame Anthrax scare on Al Qaeda

WASHINGTON – In the immediate aftermath of the 2001 anthrax attacks, White House officials repeatedly pressed FBI Director Robert Mueller to prove it was a second-wave assault by Al Qaeda, but investigators ruled that out, the Daily News has learned.

After the Oct. 5, 2001, death from anthrax exposure of Sun photo editor Robert Stevens, Mueller was “beaten up” during President Bush‘s morning intelligence briefings for not producing proof the killer spores were the handiwork of terrorist mastermind Osama Bin Laden, according to a former aide.

“They really wanted to blame somebody in the Middle East,” the retired senior FBI official told The News.

On October 15, 2001, President Bush said, “There may be some possible link” to Bin Laden, adding, “I wouldn’t put it past him.” Vice President Cheney also said Bin Laden’s henchmen were trained “how to deploy and use these kinds of substances, so you start to piece it all together.”

But by then the FBI already knew anthrax spilling out of letters addressed to media outlets and to a U.S. senator was a military strain of the bioweapon. “Very quickly [Fort Detrick, Md., experts] told us this was not something some guy in a cave could come up with,” the ex-FBI official said. “They couldn’t go from box cutters one week to weapons-grade anthrax the next.”jmeek@nydailynews.com

Read moreWhite House told FBI to blame Anthrax scare on Al Qaeda