Apr 04
US Homeland Security overlord Michael Chertoff has told reporters that he believes plans for increased use of satellite surveillance by American law-enforcement agencies are ready to move forward. However, Democratic politicians remain unconvinced that adequate privacy and civil liberties safeguards are in place.

“I think the way is now clear to stand NAO up and go warm,” said Chertoff, briefing journalists about the proposed National Applications Office.

NAO would allow US police, immigration, drug-enforcement and other officials to have access to data from various US satellites passing above America. It is understood that the information would be supplied mostly by spacecraft which at the moment are used for meteorological and geological surveying, or other scientific tasks. Satellites of this type can often deliver high-resolution images which would also be useful to law enforcement. Continue reading »

Tags: , , , , , , , , , , ,

Apr 04

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke said Wednesday a recession is possible and policymakers are “fighting against the wind” in trying to steady a shaky economy. He would not say if further interest rate cuts are planned.

Bernanke’s testimony before the Joint Economic Committee of Congress was a more pessimistic assessment of the economy’s immediate prospects than a report he delivered earlier this year. His appearance on Capitol Hill came amid a trio of economic slumps in the housing, credit and financial areas.

“It now appears likely that gross domestic product (GDP) will not grow much, if at all, over the first half of 2008 and could even contract slightly,” Bernanke told lawmakers. GDP measures the value of all goods and services produced within the United States and is the best barometer of the United States’ economic health. Under one rule, six straight months of declining GDP, would constitute a recession.


Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington,
Wednesday, April 2, 2008, before the Joint Economic Committee.
(AP Photos/Susan Walsh)

Continue reading »

Tags: , , , , , , , , , , , , , , ,