Wednesday
Sep172014
Fed will end QE in October
Wednesday, September 17, 2014 at 06:48PM 
The Federal Reserve remained on its easy-money course Wednesday, allaying market fears that it might start raising interest rates sooner than expected. Chair Janet Yellen reiterated that any move in rates will be "data-dependent" on not based on a calendar projection.
In a statement released following its two-day meeting, the U.S. central bank left largely intact key provisions, despite expectations in some quarters that it would indicate a tightening bias. It also cut its bond-buying program down to $15 billion a month and indicated quantitative easing will end in October.
The Fed's Open Market Committee did not remove language that said interest rates would rise "a considerable time" after the monthly bond-buying program ended.
The 
The New Zealand spy agency, the Government Communications Security Bureau (GCSB), worked in 2012 and 2013 to implement a mass metadata surveillance system even as top government officials publicly insisted no such program was being planned and would not be legally permitted.
Like many nations around the world, New Zealand over the last year has engaged in a serious and intense debate about government surveillance. The nation’s prime minister, John Key of the National Party, has denied that New Zealand’s spy agency GCSB engages in mass surveillance, mostly as a means of convincing the country to enact a new law vesting the agency with greater powers. This week, as a national election approaches, Key repeated those denials in anticipation of a report in The Intercept today exposing the Key government’s actions in implementing a system to record citizens’ metadata. 
It was June 2010, and American intelligence agencies were desperate to track down Anwar al-Awlaki, the American cleric who had joined Al Qaeda and was believed to be plotting from the wilds of Yemen. But Awlaki had other things on his mind. From his hide-out, he sent an encrypted email to Morten Storm to thank him for dispatching to Yemen the Croatian convert to Islam who had become his third wife. She had turned out to be even “better than I expected and better than you described,” Awlaki wrote, adding a lascivious smiley face.
