US Federal Reserve Bank Hit by Hackers

Hackers successfully attacked the Federal Reserve Bank of St. Louis, redirecting users of its online research services to fake websites set up by the attackers, the bank said on Tuesday.

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The fake websites were designed to look like the web pages of services provided by the Federal Reserve Bank of St. Louis. The attack compromised the Internet’s routing system, known as the domain name system (DNS).

The Middle Class Is Worse Off Than You Think

 

If you worry about the declining fortunes of the U.S. middle class, take heed: It might be worse than you realized.

Tracking the middle class can be difficult, because the group is hard to define. Typically, researchers look at households with incomes or net worth in the middle of the entire population. This approach, though, might provide a falsely rosy picture. It doesn’t, for example, capture the fates of families that start out in the middle and — due to a job loss or other setback — end up in the bottom.