SmartContracting Daily Intel for May 7, 2013

In today's news...

Associated Press: White House recalculates sequestration cuts for some agencies

http://bit.ly/10E8OYO

Washington Post: As sequestration begins, contractors report lowered profits

http://wapo.st/18rCPTu

Federal Times: Leaders fear sequester's impact on recruitment, retention, service

http://bit.ly/Ys8Czy

Washington Technology: Contractor convicted of spying on former company

http://bit.ly/17JJzed

I Spy a Smart Contractor Securing Data After Reading This Post

A Chinese-born scientist steals the secrets of the American chemical company that employs him, smuggles chemicals out of the U.S. and delivers them to the Chinese government.

It sounds like the dream of a Hollywood scriptwriter, but it is just one of a growing number of real industrial espionage cases the U.S. Justice Department is investigating and prosecuting, according to an Oct. 17 New York Times article. The Times dubbed these cases of U.S. employees gone rogue to help rival nations make technological leaps the “new front in the battle for a global economic edge.”