The laundering of US$81 million from Bangladesh central bank demonstrates digitization — though necessary for enhancement of the banking transactions — comes with huge challenges that need to be addressed by boosting international cyber security and banking communication. The heist has prompted central banks around the world to examine cyber security measures, triggered the resignation of Bangladesh’s central bank governor ...

A Catch of the Day to Kevin Drum at Mother Jones for pointing to polling showing that, no, Republicans in 2016 aren’t especially angry about the economy. And HuffPollster notes that Republicans aren’t really angry, period, at least compared with the 2012 cycle. Drum puts it this way: People aren’t more angry, or more bigoted, or more scared than usual. ...

One of the key arguments used by the Obama administration to support the Trans-Pacific Partnership (TPP) is that if the United States doesn’t write the rules on trade, China will. There’s some truth here: China is, in fact, leading an effort to negotiate a massive trade agreement across the Asia-Pacific – one that excludes the United States and that will ...