World’s Nuclear Facilities Vulnerable to Cyber-Attacks

Global Geopolitics and Political Economy Net – IPS News

Thalif Deen

UNITED NATIONS, Aug 1A7 (IPS) – As hackers continue to rampage through closely-guarded information systems and databases with monotonous regularity, there is a tempting new target for cyber-attacks: the world’s nuclear facilities.

A warning has already been sounded by the International Atomic Energy Agency (IAEA), which has urged the world community to intensify efforts to protect nuclear facilities from possible attacks.

Pointing out the nuclear industry was not immune to such attacks, IAEA Director-General Yukiya Amano says there should be a serious attempt at protecting nuclear and radioactive material – since “reports of actual or attempted cyber-attacks are now virtually a daily occurrence.”

The United States, whose defence networks at the Pentagon and also its intelligence agencies have already been compromised by hackers largely from Russia and China, is increasingly concerned about possible cyber-attacks by terrorist organisations – specifically the Islamic State (IS) with (more…)

Did Argentina Default or Not? It’s More Than Semantics

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Argentine President Cristina Fernández addressing supporters in a courtyard in the government palace on Jul. 31, after giving a speech to the nation to explain the country’s debt payment situation. Credit: Casa Rosada

Global Geopolitics & Political Economy / IPS

Analysis by Fabiana Frayssinet

BUENOS AIRES, Aug 4 2014 (IPS) – Argentina’s supposed “default”, an unprecedented case in the history of world capitalism, sets a legal, political and financial precedent that indicates the need for concrete measures regarding the fine line between legal, ethical business activities and criminal usury.

In the debate, the orthodox financial sectors say Argentina’s failure to comply with U.S. Judge Thomas Griesa’s ruling means it has once again defaulted, while others argue that it (more…)

CEOs at Big U.S. Companies Paid 331 Times Average Worker

Global Geopolitics & Political Economy / IPS

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Fast food workers protest for higher wages in New York City, July 2013. Credit: Annette Bernhardt/cc by 2.0

Jim Lobe

WASHINGTON, Apr 16 (IPS) – In new data certain to fuel the growing public debate over economic inequality, a survey released Tuesday by the biggest U.S. trade-union federation found that the CEOs of top U.S. corporations were paid 331 times more money than the average U.S. worker in 2013.According to the AFL-CIO’s 2014 Executive PayWatch database, U.S. CEOs of 350 companies made an average of 11.7 million dollars last year compared to the average worker who earned 35,293 dollars.

The same CEOs averaged an income 774 times greater than U.S. workers who earned the federal hourly minimum wage of 7.25 dollars in 2013, or just over 15,000 dollars a year, according to the database.

A separate survey of the top (more…)