Cost of Target data breach to banks put at $200 million

MinnPost photo by Rita Kovtun

And the costs will be passed on to whom …? The Dow Jones Newswire says: “Costs associated with the recent security breach involving credit cards used at Target Corp. have topped $200 million for financial institutions, according to data collected by the Consumer Bankers Association and the Credit Union National Association. The tally by the industry trade groups is the most comprehensive so far in identifying the impact on banks and others from the breach that made vulnerable the card accounts of 40 million Target shoppers.”

A 21st-century dilemma … Paul Walsh of the Strib says: “Police say boastings about sexual conquests on a now-defunct website could trigger felony charges against a Rogers High School student and others, the latest twist in a Twitter firestorm involving a popular student-athlete and a female teacher. … In response to the tweet that led to the suspension of the captain of the football and basketball teams, the 28-year-old teacher ‘was called in and interviewed by officers,’ the chief said.” If history is any indicator, the student-athlete has very little to worry about.

At KARE-TV, the story goes: “[Reid] Sagehorn’s saga began when he responded to an anonymous post on social media that he was seen kissing a young gym teacher, according to the teen’s father Curt Sagehorn. Instead of denying the rumor or staying quiet Sagehorn tweeted ‘Actually, yes,’ which his father said was sarcasm.”

Interesting abortion twist in Iowa … Catherine Lucey of the AP says: “The GOP-led House and the Democratic-controlled Senate, in a compromise, put Gov. Terry Branstad in charge of signing off on any payments for publicly funded abortions. Republicans believed the added scrutiny might be a brake on abortions under Medicaid. Democrats noted the measure applied only to reimbursements, not approval ahead of time. But about seven months after the new rule took effect, the consequences have surprised everyone.”

The Strib editorializes on the proposed Comcast-Time Warner merger by arguing, basically, for everyone to do right by consumers: “The key consideration needs to be whether creating powerful media behemoths is as good for consumers as it is for shareholders. It’s likely that a successful Comcast-Time Warner deal would spur others, cementing an industry oligopoly that has vast control over distribution and content. That could benefit consumers if the larger company uses its market muscle to push back on cable networks in setting rates — a cost passed on to subscribers.” It might be illuminating if the Strib found a story from somewhere explaining the impact of sports broadcasting rights on Grandma Millie’s cable bill.

Warning! Candidate quasi-specifics ahead! Mark Zdechlik of MPR writes: “Republican U.S. Senate candidate Mike McFadden has added a section to his campaign website outlining where he stands on most of the major issues. McFadden, a businessman who’s never run for elective office,  has been under fire from Democrats and some Republicans for skipping GOP candidate forums and refusing to offer specifics about what he will do if he wins election to the  U.S. Senate. Like most Republicans, McFadden says he would repeal the Affordable Care Act and encourage market competition to bring down the cost of health care.” Now that’s specifics we can get our heads around …

And the next snowstorm? Paul Huttner at MPR tells us: “The maps are spinning up another winter storm Thursday. The track is still in question with this one. The latest model runs have the Twin Cities on the edge of this one. That could mean little or no snow in the northwest metro — and a plowable event in the southeast. Blizzard and winter storm watches are already flying out of local National Weather Service offices. Geez guys, can we at least enjoy the thaw for a day?”

Can’t say I’m surprised … The latest Minnesota Poll says Minnesotans support medicinal pot … and trending. Says the Strib’s Jennifer Brooks: “A bare majority of Minnesotans say the state should legalize medical marijuana. According to a new Star Trib­une Minnesota poll, 51 percent of Minnesotans support legalization for medicinal uses, while 41 percent oppose a change in state drug laws. … 63 percent oppose legalizing marijuana for recreational use. Only 30 percent thought the state should follow the example of Colorado and Washington, two states that recently opted for full legalization.” Still, we are this close to legalizing heroin and marrying turtles.

And until “medicinal marijuana” gets “upgraded,” this will have to do for radio station marketing tie-ins … The Current tells its listener/readers: “[W]e teamed up with Schell’s to create a sipping solution for your everyday soundtrack. Noting that nothing pairs better with hot summer tunes than a cold summer brew, The Current is partnering with Schell’s, the oldest family-owned brewery in Minnesota and maker of German Craft beer, to introduce a co-labeled Schell’s The Current beer, available in May. Schell’s The Current beer is a limited edition of Schell’s Zommerfest seasonal offering, and will be available in 16-ounce ‘tallboy’ cans at bars and in 4-packs at liquor stores throughout Minnesota … .” No word of a “Brother Ali Stout” or “Dessa IPA”.

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Comments (2)

  1. Submitted by Frank Phelan on 02/18/2014 - 03:51 pm.

    The Huddled Masses

    With the introduction of a current-themed release of a craft beer, MPR at last and finally shed all pretension of serving the masses.

    I’ll remember that the for the next pledge drive.

    It’s tough to imagine a Surly-KFAI brew.

  2. Submitted by RB Holbrook on 02/18/2014 - 04:36 pm.

    Tweeting teens

    Whenever I hear a story like this, I have to wonder if anyone would make a fuss if the student being disciplined weren’t a popular, three-sport athlete and honor student. What if he were just some mouthy punk, or the nerd no one recognizes?

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