Monthly Archives: February 2013

WARNING: You are about to be Exposed to “Washington Monument Syndrome”

"Airlines and airports across the country are preparing for across-the-board federal budget cuts due to hit next week as if they were a hurricane, although with even less certainty about how many flights they will have to cancel and how many passengers will be stranded. The federal government is warning about delays that could begin in March, as the first cuts take effect, and reduced takeoffs and slower security lines that could worsen in April with furloughs." Continue reading →

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States join battle over drone flights

"The nascent drone industry is coming under threat from lawmakers on Capitol Hill and in state legislatures who are weighing restrictions on their use in the United States. Manufacturers of unmanned aerial systems say there is vast potential for police departments and law enforcement officials to use drones in their work. But eighteen states have considered bills that would limit the use of unmanned aerial systems, according to the National Conference of State Legislatures, and more are likely to follow suit. Several court cases have upheld law enforcement agencies’ rights to aerially surveil citizens, but privacy advocates say drone flights will reopen the debate." Continue reading →

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The Myth of Nebraska’s Sovereignty Resolution (10th Amendment)

It’s both incredibly ironic and highly appropriate for me to be writing this article at this time. As February 2010 neared its end, I was very tired, but excited about GiN’s ongoing effort in support of what most people would identify as the State Sovereignty or Tenth Amendment Resolution. That [...]

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TSA Detains 3 Year Old In Wheelchair Who Suffers from Spina Bifida

"Lucy, who suffers from Spina bifida and is confined to a wheelchair was on her way to Disney World when she was stopped after going through security at her home airport. She, along with her parents and siblings made it through the security checkpoint without a problem until the TSA stopped them on their way to their gate. TSA promptly took away Lucy's favorite toy which led her to weep uncontrollably. TSA demanded that her parents stop recording. Lucy's father, a lawyer, told them that he was legally allowed to record them and her mother said repeatedly 'you're not touching my daughter' without a camera documenting their actions." Continue reading →

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Kansas Bill Filed To Ban TSA Pat-Downs

"Rep. Brett Hildabrand wants to stop what he sees as over-the-top searches at the airport gate that distress innocent passengers by acting as if even the most unlikely pose a threat to air safety. 'Air travelers are subjected to aggressive, humiliating pat-downs, many of which would land the average stranger off the street in jail,' the Shawnee Republican said. 'But because the federal government has given someone a blue uniform and a badge, we are told that person has authority over our bodies and we must endure.'" Continue reading →

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Allegheny Airlines Has the Last Laugh. “Thanks, Uncle Sam!”

"Older Americans recall the jokes made at the expense of Allegheny Airlines in the 1960s and 1970s. Then it became U.S. Airways in 1979. It went bankrupt in 2002. It was able to stiff its 6,000 pilots by canceling its pension obligations in 2003. American taxpayers became responsible through ERISA. It filed bankruptcy again in 2005. This week, it may absorb American Airlines, which is in bankruptcy. The government will probably allow the merger. What does this teach us? This: if you can get out of your corporate pension liabilities through bankruptcy, you can live long and prosper. This strategy will work for municipal governments, too." Continue reading →

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Revel casino’s bankruptcy threatens plans to make Atlantic City a gambling-plus destination

"It was to offer more than just gambling. It would provide a sumptuous, Las Vegas-style experience. And that was the game plan, supported exuberantly by Gov. Christie and strategized by marketers and tourism experts. Now that major piece in the remodeling of Atlantic City is in doubt. Revel said Tuesday that it would seek Chapter 11 bankruptcy protection. If Revel tanks, so, too, might much of the vision of Atlantic City as a year-round resort. The $2.4 billion casino - the most expensive ever built in New Jersey - received more than $300 million in state construction funding." Continue reading →

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Tech Industry Sets Its Sights on Gambling

"Two states, Nevada and Delaware, are already laying the groundwork for virtual gambling. Within months they will most likely be joined by New Jersey. Bills have also been introduced in Mississippi, Iowa, California and other states, driven by the realization that online gambling could bring in streams of tax revenue. In Iowa alone, online gambling proponents estimated that 150,000 residents were playing poker illegally. Overseas, online betting is generating an estimated $32 billion in annual revenue — nearly the size of the U.S. casino market. Juniper Research estimates that betting on mobile devices alone will be a $100 billion worldwide industry by 2017." Continue reading →

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Peter Schiff: Gold Pullback Explained

"Reports of the death of the gold bull market have been greatly exaggerated. In the global currency war the biggest loser wins. However, the real winner will be gold. The race to debase means no fiat currency is safe. Savers are assured of being collateral damage unless they protect their purchasing power with a monetary asset central banks cannot print." Continue reading →

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Fed, uneasy over ‘QE,’ plans bond-buy debate

"Minutes of the Federal Reserve’s January meeting released Wednesday reveal that many Fed officials are worried about the costs and risks arising from the $85 billion–per–month asset-purchase program. And they all seem to have their own ideas on how to proceed. Several Fed officials said the central bank should be prepared to vary the pace of the asset-purchase plan depending on the outlook or how the program was working. One wanted to vary it on a meeting-by-meeting basis." Continue reading →

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