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FBI Plans To Have 52 Million Photos In Facial Recognition Database By 2015

Submitted by Tyler Durden on 04/16/2014 – 21:52

There is a disturbing push by the FBI to create an extensive facial recognition database. The information received by the EFF via a Freedom of Information Act (FOIA) request, demonstrates that the feds may have a mugshot database with up to 52 million photos by 2015. The program is called Next Generation Identification (NGI), and the aspect of it that bothers the EFF most is the fact that non-criminal and criminal photos will be combined in the same database. So someone who has no criminal record can suddenly be flagged as a suspect just because an algorithm says so. What’s worst, research shows that the potential for false positive identification increases as the dataset increases.

 

The Richest Man In Asia Is Selling Everything In China

Submitted by Tyler Durden on 04/16/2014 – 22:00

Here’s a guy you want to bet on – Li Ka-Shing. Li is reportedly the richest person in Asia with a net worth well in excess of $30 billion, much of which he made being a shrewd property investor. Li Ka-Shing was investing in mainland China back in the early 90s, way back before it became the trendy thing to do. Now, Li wants out of China. All of it.

Buying Panic Appears Just In Time For Op-Ex

Submitted by Tyler Durden on 04/17/2014 – 08:52

Just a couple of hours ago we noted the odd lack of total buying panic that the market was seeing ahead of option-expiration. However, we did not have to wait long to be greeted with the now ubiquitous “vertical-straight-line-up” formation. Beware though USDJPY just rolled over…

Russian Foreign Minister Announces Four Party Agreement On Steps To De-escalate Ukraine Crisis

Submitted by Tyler Durden on 04/17/2014 – 12:27

Considering how successful diplomatic “solutions” to the Ukraine crisis have been in the past, it is no wonder almost nobody was paying attention to Geneva where today the four parties were holding talks to resolve the Ukraine situation, and moments ago they released, via Russia’s Lavrov, a joint statement on “de-escalating the situation.” From Bloomberg:

  • LAVROV SAYS DOCUMENT APPROVED ON UKRAINE
  • 4 PARTIES CALL FOR ILLEGAL ARMED GROUPS TO BE DISARMED: LAVROV
  • UKRAINIANS MUST RESOLVE CRISIS THEMSELVES, LAVROV SAYS
  • PARTIES URGE AMNESTY FOR PROTESTERS IN UKRAINE’S EAST: LAVROV

And, approrpiately enough, the Easter Egg:

  • UKRAINE NEEDS DECENTRALIZATION, MORE REGIONAL POWERS: LAVROV

Watch As A Ukraine MiG “Buzzes The Trees” To Spook East Ukraine Civilians

Submitted by Tyler Durden on 04/17/2014 – 09:35

A few days ago, in an attempt to regain the Krematorsk air base in the “separatist” eastern region, as part of the “counter-terrorist” offensive launched against the pro-Russians, Kiev also started what according to reports was an airborne press by Ukraine Mig fight jets. The condemnation by Russia to such an escalation against the country’s own people was swift, and curiously, so was that by Ukraine’s own troops which deserted the country’s army to join eastern forces, taking with them an unknown number of tanks and APCs. So in what perhaps is a follow on attempt to preempt further escalation, Ukraine’s air force has adopted a maneuver taken straight out of Top Gun’s “Buzzing the Tower” approach, only this one involves “Buzzing the Tress.” Watch as a Ukraine pilot does a fly by and narrowly misses hitting a tree.