At First Street Journal , ” The Economy Grew 2.8% For the 4th quarter, 1.7% Overall in 2011 .” And at Chicago Sun-Times , ” Economic growth not enough to sharply reduce unemployment .”
I’ve never studied the data, so this seems a little incredible to me, but with so much youth support for Occupy Wall Street, I’m sure we could find some larger empirical patterns with research. An interesting clip, via Kenneth Davenport .

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The Collapse of the Work Ethic Among Young Americans?
ioSafe put its new Rugged Portable Thunderbolt hard drive to a lightning test. (Photo: CNET)
Since 2008, hackers from Romania have been logging customer information and virtually pilfered $3 million from customers of Subway sandwich shops as well as some small retailers. Gizmodo reports that 150 different Subway stores and at least 50 retail shops were affected with the hackers collecting information from more than 80,000 customers. Ars Technica reports that the hackers committed the crime without too much effort, relatively speaking: “This is the crime of the future,” said Dave Marcus, director of security research and communications at McAfee Labs in an interview with Ars. Instead of coming in with guns and robbing the till, he said, criminals can target small businesses, “root them from across the planet, and steal digitally.” The tools used in the crime are widely available on the Internet for anyone willing to take the risks, and small businesses’ generally poor security practices and reliance on common, inexpensive software packages to run their operations makes them easy pickings for large-scale scams like this one, Marcus said. Ars Technica goes on to report Konrad Fellmann, audit and compliance manager for SecureState, says that in most situations the ability to gain access to credit card information in the way these hackers did wouldn’t be possible. Remote access is banned for systems storing credit card information by the PCI Security Standards Council. But for smaller businesses that don’t store credit card info, this rule does not apply. Subway should franchises should have abided by the PCI rule but Evan Schuman, editor of retail technology trade site StorefrontBacktalk, said that franchise owners often “directly and blatantly disregarded” the policy, according to Ars Technica. Some of the data, Ars Technica reports, was used to make fake credit cards. Find more details on how the hackers collected the information here .

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Romanian Hackers Steal $3 Million From Subway Sandwich Chain
Markets closed mixed on Wall Street today: Dow -0.01 percent S&P -0.02 percent Nasdaq +0.03 percent Oil +0.81 percent Gold +0.56 percent On the commodities front: Oil ( NYSE:USO ) climbed to $101.01 a barrel Gold ( NYSE:GLD ) up to $1,749.50 an ounce Silver ( NYSE:SLV ) fell 0.49 percent to settle at $32.60 (Related: Sarkozy Calls for New Treaty to Unify Euro Zone ) Today’s markets were mixed because: 1) Unemployment Rate: The mood on Wall Street was positive after the Labor Department said the U.S. unemployment rate had eased to 8.6 percent in November as employers added 120,000 new jobs, making last month’s unemployment rate the lowest since March 2009. However , the 8.6 percent figure is no reason to celebrate. It is only that low because of the number of people dropping out of the workforce and temporary holiday hiring. These two figures skew the data in favor of a “low” unemployment rate. But despite this, it appears that investors were still satisfied with the meager pickup in hiring, and markets opened sharply higher Friday morning, with all three of the major indices topping 1 percent in early trading. 2) Europe: News out of Europe dampened that early euphoria, putting investors on edge and leading to sharp declines off the morning’s highs. Talk of a possible downgrade to Spain’s credit rating spooked investors and sent the Spanish 10-year yield up to 5.7 percent. Also, reports that Republicans would try to block any move by the European Central Bank to lend funds to the International Monetary Fund to aid Europe’s cash-strapped countries further worried investors who have become disillusioned with the government and partisan politics. Conservative lawmakers are against the Washington-based IMF’s involvement because it could leave U.S. taxpayers footing the bill. 3) Banks: Bank stocks were among the top gainers today, with Bank of America and JPMorgan leading the Dow’s early advance. Morgan Stanley, Goldman Sachs, and Citigroup shares all closed the day sharply higher despite the market’s general decline in the afternoon. [ Editor’s note: portions of the above were originally published on Wall St. Cheat Sheet . ]
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Market Recap: Europe Dampens Euphoria Over “Lower” Unemployment Rate
Sports fans who have a religious bent won’t be too happy with a new study by the Swiss Federal Institute of Technology (EHT). According to the university, which is located in Zurich, Switzerland, atheist children are better at sports (i.e. more athletic) than kids who embrace a religion. To complete the study, 600 first-grade school children in Winterthur, Switzerland were examined. Over a four-year period, researchers looked at their coordination, strength and agility — all measurements that would help to determine their athleticism. In the end, the researchers at ETH’s Institute for Movement Sciences and Sport took the data they collected and cross-referenced it with the children’s other information — the origin of their parents, their native language and their religion. The results are certainly interesting. Among the children, those who had no faith background were found to be the most skilled when it comes to athletics. Following right behind them were Christians (Protestants and Catholics). And at the tail end of the spectrum were Muslim children, who, according to The Local , were below average in their performance. Interestingly, Muslim girls were particularly unskilled in athletics. This, says Stegan Fritschi, the school’s director, may be based on the fact that Islamic girls are sometimes reluctant to make body contact with other children — something that would clearly be an impediment in the sports world. Of course, faith wasn’t the only factor impacting performance in sports. Language and socioeconomic status also played into the equation. On the latter front, the more educated a family and the more money it had, the higher performing the associated student was. It’s important to note that this is a relatively small sample size and that the research wasn’t done in the United States. Still, it’s interesting to review the results, as it may serve as a solid basis for future research into the impact of personal faith on performance in suports. (H/T: The Local )

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Study: Atheist Children Are Better at Sports Than Any Other ‘Religious’ Group
Just like clockwork, the Obama administration never misses an opportunity to unload thousands of records it hopes no one will ever bother sifting through during the holidays. On Black Friday, the White House released more visitor log info — trumpeting disclosures it has fought tooth and nail. I’ve started looking through the data. And you can, too, right here: White House Visitor Records Requests Powered by Socrata A few things that jumped out at me: This August 5, 2011 visit to the president by MSNBC host Rachel Maddow and her party of 7 ( click for full size): She made no mention of the visit on her Aug. 5 show. What did she and POTUS discuss? Just wondering… Fun fact: According to the White House logs, this was Maddow’s fifth trip to the White House — and fourth to see the president personally. Another busy bee: Convicted felon , Huffington Post/Alinskyite agitator , and husband of Illinois Democrat Rep. Jan Schakowsky, Robert Creamer. According to the newly released records, Creamer was at the White House five times in August 2011 meeting with various officials, including Jon Carson, Cecilia Munoz, and Stephanie Cutter. He’s listed nearly 60 times in visitor logs since the start of the administration. Corruptocrats of a feather… *** Parting thought: Why aren’t WaPo and the NYTimes crowd-sourcing the White House visitor log data like they did Sarah Palin’s e-mails? Hmmm? Leave any interesting nuggets you find in the data in comments below or e-mails (writemalkin – at- gmail.com) or Tweet me: @michellemalkin .

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Did you miss the Thanksgiving White House visitor log document dump?
(The Blaze/AP) – Cyberattacks by Chinese and Russian intelligence services, as well corporate hackers in those countries, have swallowed up large amounts of high-tech American research and development data, and that stolen information has helped build their economies, U.S. intelligence agencies have concluded. The report, offering the first such detailed public accusations from U.S. officials, said computer attacks by foreign governments are on the rise and represent a “persistent threat to U.S. economic security.” Assessing the implications, the report said “the governments of China and Russia will remain aggressive and capable collectors of sensitive U.S. economic information and technologies, particularly in cyberspace.” For years, experts and officials have complained about cyberattacks emanating from China. But this report, released Thursday, provides some of the sharpest and most direct criticism from the U.S. government about those intrusions. A senior U.S. intelligence official, speaking on condition of anonymity to discuss the report before its public release, said the Chinese and Russians are using the high-tech espionage to boost their own development. Despite the broad accusations, neither the report nor the U.S. officials offered many details about the Chinese or Russian cyber-attacks. They also did not say how many of the attacks are government-sponsored. While they said attacks can be traced to the two countries, they noted that identifying the exact culprit is difficult. China had no immediate response to the report, which was issued well after working hours Thursday in Beijing. However, China has consistently denied engaging in cyberspying and, at a regularly scheduled news briefing Wednesday, Foreign Ministry spokesman Hong Lei reiterated Beijing’s insistence that it, too, has been attacked. “China is a major victim of hacking,” Hong said. “China is ready to build, together with other countries, a peaceful, secure and open cyberspace order.” He added, “As for the remarks from certain quarters, I would point out that hacking attacks have no boundaries and are anonymous. Speculating on the origin of the attacks without investigation is neither professional or responsible.” The report did note several instances in the past year or so where cybersecurity experts have traced attacks to Internet protocol addresses in China but were unable to determine exactly who was behind them. Among the examples were the breach of Google’s networks in January 2010 and an instance where data was stolen from a Fortune 500 manufacturing company during business negotiations when the company was trying to buy a Chinese firm. Officials said the National Science Foundation has put the value of public and private research and development at about $400 billion in 2009, and the U.S. International Trade Commission estimates that as much as $50 billion was lost due to espionage, cyber-attacks and other counterfeit and trademark crimes. Officials said they could not determine how much of the total was lost due to cyber-attacks. The report is part of an increasing drumbeat by U.S. officials about the risks of cyberattacks in a growing high-tech society. People, businesses and governments are storing an increasing amount of valuable and sensitive information online or accessing data through mobile devices that may not be as secure as some computers. The Obama administration has tried to raise the level of awareness about these threats so individuals and the corporate world will better protect their data. In the report, officials said foreign intelligence services have used independent hackers as proxies, thereby giving the agencies “plausible deniability.” It also accused the Chinese of being “the world’s most active and persistent perpetrators of economic espionage.” Attacks from Russia are a “distant second” to those from China, according to the report. But it said Moscow’s intelligence services are “conducting a range of activities to collect economic information and technology from U.S. targets.” Officials said other nations they would not name are also suspect, and the report suggested that U.S. allies may be using their access to American institutions to acquire economic and technology information. The report said some of the most desired data includes communications and military technologies, clean energy, health care, pharmaceuticals and information about scarce natural resources. Of particular note, the report said, is interest in unmanned aircraft and other aerospace technology. U.S. officials have called for greater communication about cyberthreats among the government, intelligence agencies and the private sector, which owns or controls as much as 85 percent of computer networks. The Pentagon has begun a pilot program that is working with a group of defense contractors to help detect and block cyberattacks. The report, issued by the national intelligence director’s office of the counterintelligence executive, comes out every two years and includes information from 14 spy agencies, academics and other experts.

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New U.S. Intel. Report Officially Takes Shots at Russia and China For Cyber Attacks