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Verizon Responds to Domestic Spying Report

Matthew Flamm Crain's
Verizon Communications has responded to an explosive report that outlines the telecommunications giant's role in an ongoing domestic spying program. The response, in a memo to employees, seems aimed at containing a public relations disaster. The wording, however, has to adhere to restrictions, imposed on Verizon by the secret court, not to disclose that the company was ordered to hand over phone logs to the FBI and the National Security Agency.

NSA Collecting Phone Records of Millions of Verizon Customers Daily

Glenn Greenwald The Guardian
The Government is collecting phone records for millions and millions of Americans under the PATRIOT Act. It's an outrage: The Guardian has obtained long sought-after evidence of the extent of ongoing spying on Americans under the PATRIOT Act -- and it's as bad as we'd worried. The NSA is currently collecting the telephone records of millions of US customers of Verizon, one of America's largest telecoms providers, under a top secret court order issued in April.

IMF 'to Admit Mistakes' in Handling Greek Debt Crisis and Bailout

Larry Elliott and Helena Smith The Guardian
Documents presented to the Fund's board last Friday will reveal that the Washington-based organisation underestimated the damage austerity would cause to the eurozone country, which has required two bailouts in the past three years.

Protesters and Police Clash at Nike Factory in Cambodia

ValueWalk.com
While so far protests remain isolated, poor conditions across Cambodia, and poorer Asian states for that matter, could result in more widespread demonstrations. Bangladesh may be garnering most of the headlines due to recent tragedies, but conditions across poorer Asian states remain equally dire. Still, governments are hesitant to step in out of fear that manufacturers will relocate elsewhere, taking jobs and tax revenues with them.