U.S. will hit debt ceiling on Monday, Treasury Secretary Geithner warns

Treasury Secretary Timothy F. Geithner said his department will take “extraordinary measures” to postpone a U.S. default for about two months while President Barack Obama and Congress work out a deficit-reduction deal. Geithner, in a letter to congressional leaders today, said the government will hit its statutory debt ceiling on Dec. 31. To avert a [...]

Greece could default within hours

So this is it. After three years of high drama, the European Union is staring at its first ever sovereign default and, ironically, unlike every other deadline so far, this one looks set to be adhered to. At 8pm GMT tonight (7am, AEDT, Friday morning), the authorities will know – or have a very good [...]

The most common password?

The number one way hackers get into protected systems isn’t through a fancy technical exploit. It’s by guessing the password. That’s not too hard when the most common password used on business systems is “Password1.” There’s a technical reason for Password1′s popularity: It’s got an upper-case letter, a number and nine characters. That satisfies the [...]

Audit finds legal problems with 84% of foreclosures

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An audit of foreclosure cases ordered by San Francisco’s assessor found “clear violations of the law” in 84% of the cases studied. The violations ranged from failing to notify homeowners that they were in default to problems with the transfers of loans from one entity to another. It also found problems with the accuracy of [...]

Anger in Greece as parliament to vote on bailout

Greek lawmakers will vote this weekend on a controversial austerity bill that Athens needs to avoid a messy default but which is fuelling a domestic political and social crisis that has brought thousands of Greeks out on the streets in protest. The cabinet approved the draft bill late on Friday – paving the way for [...]

Georgia Hearing: Judge Wanted To Immediately Enter Default Judgment Against Obama

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Update: Obama’s Georgia Ballot Hearing: Judge Wanted To Immediately Enter Default Judgment Against Obama Dean Haskins on the Scene at Hearing As we are trying to get a quick lunch, and then do some interviews, this is just a very brief synopsis of what happened today. Before the hearing started, the judge called the attorneys [...]