Monthly Archives: May 2017

FBI Building National Watchlist That Gives Companies Real-Time Updates on Employees

"Employers are even offered the option to purchase lifetime subscriptions to the program for the cost of $13 per person. The decision to participate in Rap Back is at employers’ discretion. Employees have no choice in the matter. There are no laws preventing the FBI from using the data it collects for other purposes, said Jeramie Scott, an attorney with the Electronic Privacy Information Center. A massive trove of digital fingerprints collected by the FBI, he noted, could be used to open up devices like smart phones without the owner’s consent. In addition, Scott pointed out that the FBI often collects a photo of Rap Back participants’ faces." Continue reading →

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Hemp Decriminalized in Washington, But Opposition Remains Strong

OLYMPIA, Wash. (May 5, 2017) – A bill recently signed by Washington Gov. Gov. Jay Inslee removed industrial hemp from the states controlled substance list, authorizing hemp production despite federal prohibition. But at least one state agency refuses to go down without a fight and essentially wants to help attorney general Jeff Sessions wage his…

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Texas House Passes Bill to Facilitate Operation of Bullion Depository

AUSTIN, Texas (May 5, 2017) – Yesterday, the Texas House unanimously passed a bill that would facilitate the establishment and operation of the Texas Bullion Depository; helping to undermine the Federal Reserve’s monopoly on money. Rep. Giovanni Capriglione (R-Keller) introduced House Bill 3169 (HB3169) in March. The legislation includes various provisions for the operation and administration of…

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Signed by the Governor: Montana Bill Taking on Warrantless Electronic Data Collection

HELENA, Mont. (May 4, 2017) – Yesterday, Montana Gov. Steve Bullock signed a bill to require police to get a warrant in order to obtain electronic communication information from service providers in most cases. The new law will not only increase privacy protections in the state, it will also hinder one practical aspect of federal…

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Vermont House Passes Marijuana Legalization Bill

MONTPELIER, Vt. (May 4, 2017) – Yesterday, the Vermont House passed a bill that would legalize possession and cultivation of small amounts of marijuana. If approved, the legislation would help further nullify the unconstitutional federal prohibition on cannabis in the state. A bipartisan coalition of four representatives introduced House Bill 170 (H.170) in February. The legislation…

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Trump administration is looking at 50- and 100-year bonds

"The Treasury disclosed that it is studying the possibility of ultra-long bonds, with maturities greater than 30 years, currently the bond with the longest maturity. It also said it is preparing for the time when the Fed begins to reduce its giant $4.5 trillion balance sheet — by buying fewer Treasurys and mortgage securities, and perhaps ultimately even unloading the ones it holds." Continue reading →

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As Inventor of Subprime Car Loans Exits, Critics Smell a Lemon

"In January [Foss] stepped down as chairman of Credit Acceptance Corp., the company he started in 1972 that pioneered extending auto loans to customers with rock-bottom credit scores or none at all. A month after he left, he sold a big chunk of his Credit Acceptance shares for $128 million. The company didn’t say why Foss sold his shares and declined to comment. Foss didn’t respond to requests for comment." Continue reading →

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Cop fakes body cam footage, prosecutors drop drug charges

"Prosecutors in Pueblo, Colorado are dropping felony drug and weapon-possession charges after an officer involved in the case said he faked body cam footage so he could walk 'the courts through' the vehicle search that led to the arrest. The actual footage of the search that he produced in court was a reenactment of the search, the officer told prosecutors." Continue reading →

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