Yearly Archives: 2013

Bipartisan Hemp, Medical Marijuana Bills Introduced in Congress

"It's a marijuana policy trifecta on Capitol Hill now: recreational marijuana, medical marijuana, and hemp. Earlier this month, reformist House members filed bills to end federal pot prohibition and tax the trade and last week to legalize hemp. Now, some of those same legislators -- joined by more -- have filed bills that would protect medical marijuana patients and providers and some senators have filed their companion bill to legalize industrial hemp." Continue reading →

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West Virginia Bill Would Drug Test Teens for Driver Licenses

"A bill introduced Tuesday in the West Virginia House of Delegates would require prospective teen drivers to pass three separate drug tests before receiving a full drivers' license. It's only the latest drug testing proposal to emerge at the statehouse in Charleston this year. Introduced by Del. Joe Ellington (R-Mercer), House Bill 2528 would require teens to 'pass a drug test designed to detect illegal consumption of controlled substances' before getting a learner's permit, before getting an intermediate license, and before getting a full license." Continue reading →

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AZ Court Says You Don’t Have to Be High to Get a DUI

"An Arizona appeals court has ruled that marijuana users don't need to be actually impaired to be successfully prosecuted for driving under the influence. The ruling came Tuesday in the case of a man who tested positive for an inactive marijuana metabolite that remains in the body for weeks after the high from smoking marijuana has worn off. The ruling in Arizona v. Shilgevorkyan overturned a decision by a superior court judge who said that it didn't make sense to prosecute people for driving under the influence if they're not actually under the influence." Continue reading →

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How Fascism Grows? Prison Company Buys Boca Stadium Naming Rights

"The GEO Group (GEO) is a for-profit prison company based in Boca Raton, Fla., that calls itself 'the world's leading provider of correctional and detention management and community reentry services to federal, state and local government agencies.' It can also call itself the world's leading provider of Florida Atlantic University Owls football, having paid $6 million to put its name on the school's stadium." Continue reading →

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Surprise, Surprise, Obamacare Includes a Massive Sales Tax on Your Healthcare Insurance

"As Carlyle Group founder and war profiteer David Rubinstein once told me about some legislation, 'The devil is in the details.' Maybe this is what Nancy Pelosi meant, when she said that Obamacare needs to be passed so that we can find out what is in it." Continue reading →

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The New York Times Calls (again) for Higher Taxes on Middle-Class Americans

"The New York Times seems really fixated on screwing Joe Lunchbucket. What’s particularly interesting about this editorial is that the New York Times is very explicit about political strategy. They support more class-warfare taxes in order to set the stage for higher taxes on the middle class. We can’t say we haven’t been warned." Continue reading →

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Bernanke’s Plan…If He Identifies Bubbles

"So what's Bernanke's plan, should one of these bubbles occur? Throw some bureaucrats at it first! Surely he means some new goofy laws, but can Bernanke also mean price controls? He has said that: 'The achievement of price stability must not and will not be jeopardized…I am also confident that, when the time comes, the Fed will act to ensure that inflation remains firmly under control.' The next step that governments usually take to give the illusion that 'inflation remains firmly under control' is to enact price controls. Will TSA agents be sent into out of the airports and into the streets to make sure that the price of tomatoes aren't 'too high'?" Continue reading →

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Detlev Schlichter: Bubble trouble: Is there an end to endless quantitative easing?

"Any pretence of the ‘independence’ of central bankers has been unceremoniously dumped in Japan. Ministers take part in central bank meetings and give joint statements with central bank governors afterwards. New Prime Minister Shinzo Abe has made it very clear what he wants the central bank to do (print more money faster, devalue the Yen, create inflation) and to that end he is looking for a new central bank governor. Of course, only accredited ‘doves’ need apply. A few days ago, Mr. Abe also spelled out what skill-set he is really looking for: good marketing skills. Salesmanship." Continue reading →

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Credit Suisse Says Governments Are Discouraging Gold Holdings – And What It Misses

"In a globalist, technocratic society, civil society arises as a kind of negotiation between the demands of the state and the desires of its citizens. But in reality this is an entirely unequal discussion, as the state intends to impose its demands by force. What Credit Suisse and other firms are missing, however, is that the current arrangement is an unstable one that arrogates more and more power over time to the state. If citizens in various repressive states are hoarding gold, it is because they don't trust government-run currencies. Perhaps they hoard gold as well because taxes are continually rising and because price inflation is out of control." Continue reading →

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Bernanke Said to Minimize Asset-Bubble Concern at Meeting

"The Fed chairman brushed off the risks of asset bubbles in response to a presentation on the subject from the group, one person said. Among the concerns raised, according to this person, were rising farmland prices and the growth of mortgage real estate investment trusts. Falling yields on speculative- grade bonds also were mentioned as a potential concern, two people said. The 'first line of defense' if bubbles emerge 'needs to be regulatory and supervisory' actions rather than changes in monetary policy, according to Bernanke." Continue reading →

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