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Author: jwelcome

Iran Cracks Down on Oil Smuggling Out of Iran

For all you know, this file photo could be an oil tanker transiting the Strait of Hormuz. It’s not. It’s actually sailing in Venezuelan waters. But how would you know if I hadn’t told you?Juan Carlos Hernandez/ZUMA Here’s the latest from the Persian Gulf: Iran’s Islamic Revolutionary Guard Corps has seized a foreign tanker and…

Congress Warns of Economic Chaos as Facebook Details Plans for Its Own Currency

Andrew Harnik/AP On Wednesday, representatives on the House Financial Services Committee peppered a Facebook executive with questions about Libra, the social media giant’s proposed cryptocurrency. Democrats and several Republicans raised repeated concerns about whether Facebook’s plans mark a dangerous corporate overreach that would impede government’s ability to oversee monetary policy. They asked David Marcus, the…

Background Briefings Are a Scourge

Technology journalist Brian Merchant says he’s tired of PR flacks from tech companies refusing to talk unless it’s off-the-record: After my experience with Amazon, I decided that on all matters of importance, I am no longer going to listen to a public relations representative try to change my mind on background with unquotable statements attributable…