Barack Obama’s war on cyber espionage has not stopped theft of trade secrets

Washington: Two years ago, the Obama administration announced a new strategy to curb online espionage.

The White House said it would increase public awareness of the threat, encourage the private sector to increase its defences, focus diplomacy on protecting trade secrets overseas, improve trade secret theft legislation and make investigations and prosecutions of corporate and state-sponsored trade secret theft a top priority.

Since then, public awareness is up and so is spending. But the hacking continues. Continue reading

President Obama’s big carbon crackdown readies for launch

Prepare for energy prices to skyrocket as regulation costs are always passed on to the consumer.

The EPA will launch the most dramatic anti-pollution regulation in a generation early next month, a sweeping crackdown on carbon that offers President Barack Obama his last real shot at a legacy on climate change — while causing significant political peril for red-state Democrats.

The move could produce a dramatic makeover of the power industry, shifting it away from coal-burning plants toward natural gas, solar and wind. While this is the big move environmentalists have been yearning for, it also has major political implications in November for a president already under fire for what the GOP is branding a job-killing “War on Coal,” and promises to be an election issue in energy-producing states such as West Virginia, Kentucky and Louisiana. Continue reading