Don’t be concerned about Google Glass and personal privacy says Virginia Heffernan.

The Yahoo! News national correspondent who has been writing about her experiences with Glass tells The Daily Ticker that the product is no spying tool-- in fact it isn’t much more than a "small iPhone strapped to your head... If I were making a video of you right now you would see a blazing red eye looking at you,” she says.

Related: Five Things to Know About Google Glass

Despite the recent Congressional probe into the safety of Google Glass, Heffernan believes that the general outcry surrounding security issues and the product has been overblown.

“The same week [Google Glass] broke, the PRISM NSA project broke and they got lumped together but I’ve decided that this is the lighter side of surveillance,” she explains.

Related: How Tech Companies Are Responding to NSA Surveillance

Heffernan recognizes that the product is in beta and that there are still glitches that need to be sorted through before

Global investors are on hold, waiting for comments from the Federal Reserve’s policy-making committee on when the central bank will wind down its monthly $85 billion purchases of mortgage-backed securities and Treasury securities. Fed Chairman Ben Bernanke roiled markets earlier this month when he suggested that a tightening of current monetary policies could start before the end of the year. The Fed has also kept short-term interest rates near zero to buoy the economic recovery and Federal Open Market Committee (FOMC) officials are unlikely to raise rates until the unemployment levels hits 6.5% (the national jobless rate was 7.6% in May).

Related: Obama Gives "Taper" New Meaning: So Who's Next at the Fed?

FOMC members said they were “prepared to increase or reduce the pace of its purchases to maintain appropriate policy accommodation as the outlook for the labor market or inflation changes. In determining the size, pace, and composition of its asset purchases, the Committee will