LinkedIn hack and Auerback on Greek debt relief
The social media site LinkedIn has vastly underestimated a 2012 data breach, with 100 million users apparently affected. Elsewhere, the precious metal gold has stabilized, but it still looks likely to end down on the week, a victim of Fed talk about rate hikes. Boom Bust host Ameera David reports. Then Boom Bust’s Bianca Facchinei continues the discussion on hacking with a report on how an Ecuadorian bank was hacked via Swift, the global bank communications network. Afterwards, RT correspondent Ashlee Banks details how US credit card debt is increasing, with the total now near $1 trillion.
After the break, Ameera sits down with Marshall Auerback, research associate at the Levy Economics Institute. Marshall gives us his insight on the ongoing Troika-Greece debt talks and whether debt relief is a likely outcome. And in today’s Big Deal, Ameera and Edward Harrison discuss low and negative interest rates and how they may hurt the economy rather than act as stimulus.
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