Smart meters too toxic to touch

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TweetYumIt is perhaps the biggest single public policy failure in the energy sector of the past decade – mandated smart meters which are being introduced in Victoria. With the cost of the roll-out now estimated at more than $2 billion – more than twice the initial estimated cost – it has added another lucrative profit […]

US military to launch Plan X cyberwarfare

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TweetYumShareThis US military to launch Plan X cyberwarfare 31 May 2012 US Department of Defense has engaged in a scheme to develop technologies aimed at enhancing its cyberwarfare potentials, waging effective attacks and countering retaliatory measures. The Pentagon has turned to the private sector, universities as well as computer-game companies for the previously unreported venture, […]

Iraq set to auction new oil, gas blocks

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TweetYumShareThis Mission accomplished! Iraq set to auction new oil, gas blocks 28 may 2012 Iraq will auction 12 new oil and gas exploration blocks this week in a fourth energy bidding round, as it seeks the rapid expansion of a sector vital to its economy US corpora-terrorists. Iraq qualified 47 energy companies, ranging from oil […]

Spain nationalizes fourth-largest bank as crisis deepens

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TweetYumSpain’s government will effectively nationalize the nation’s fourth largest bank to shore up the hurting banking sector and try to convince investors the country doesn’t need a bailout like those taken by Greece, Ireland and Portugal, the Economy Ministry said Wednesday. Under the deal, €4.5 billion ($ 5.9 billion) in funding that Bankia SA received […]

Iran oil sector hit by cyber attack

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TweetYumA voracious virus attack has hit computers running key parts of Iran’s oil sector, forcing authorities to unplug its main oil export terminal from the Internet and to set up a cyber crisis team, according to reports on Monday. The Mehr news agency reported that Iran’s principal oil terminal on Kharg island in the Gulf […]