Network Archives

Rape and sexual assault run rampant in juvenile justice system: Justice Department survey

"Hundreds of teen-agers are raped or sexually assaulted during their stays in the country’s juvenile detention facilities, and many of them are victimized repeatedly, according to a U.S. Department of Justice survey. The teens are most often assaulted by staff members working at the facilities, and fully 20 percent of those victimized by the men and women charged with protecting and counseling them said they had been violated on more than 10 occasions. The Justice Department survey involved more than 8,500 boys and girls. In all, 1,720 of those surveyed reported being sexually assaulted." Continue reading →

Continue ReadingRape and sexual assault run rampant in juvenile justice system: Justice Department survey

Female inmates sterilized in California prisons without approval

"Doctors under contract with the California Department of Corrections and Rehabilitation sterilized nearly 150 female inmates from 2006 to 2010 without required state approvals. At least 148 women received tubal ligations in violation of prison rules during those five years - and there are perhaps 100 more dating back to the late 1990s. Federal and state laws ban inmate sterilizations if federal funds are used, reflecting concerns that prisoners might feel pressured to comply. California used state funds instead. The allegations echo those made nearly a half-century ago, when forced sterilizations of prisoners, the mentally ill and the poor were commonplace in California." Continue reading →

Continue ReadingFemale inmates sterilized in California prisons without approval

Ron Paul on New Egyptian War: Americans Lose, Again

"Looking at the banners in the massive Egyptian protests last week, we saw many anti-American slogans. Likewise, the Muslim Brotherhood-led government that was deposed by the military last week was very critical of what it saw as US support for the coup. Why is it that all sides in this Egyptian civil war seem so angry with the United States? Because the United States has at one point or another supported each side, which means also that at some point the US has also opposed each side. It is the constant meddling in Egyptian affairs that has turned Egyptians against us, as we would resent foreign intervention in our own affairs." Continue reading →

Continue ReadingRon Paul on New Egyptian War: Americans Lose, Again

Government Spying Has Always Focused On Crushing Dissent … Not On Keeping Us Safe

"High-level American government officials have warned for 40 years that mass surveillance would lead to tyranny. They’ve warned that the government is using information gained through mass surveillance in order to go after anyone they take a dislike to. And a lieutenant colonel for the Stasi East German’s – based upon his experience – agrees. You don’t have to obsess on the NSA’s high-tech spying to figure out what the government is doing. Instead of focusing on catching actual terrorists, police spy on Americans who criticize the government, or the big banks or the other power players." Continue reading →

Continue ReadingGovernment Spying Has Always Focused On Crushing Dissent … Not On Keeping Us Safe

Obama: No warrantless wiretaps if you elect me [2008]

"For one thing, under an Obama presidency, Americans will be able to leave behind the era of George W. Bush, Dick Cheney and 'wiretaps without warrants,' he said. (He was referring to the lingering legal fallout over reports that the National Security Agency scooped up Americans' phone and Internet activities without court orders, ostensibly to monitor terrorist plots, in the years after the September 11 attacks.) In our own Technology Voters' Guide, when asked whether he supports shielding telecommunications and Internet companies from lawsuits accusing them of illegal spying, Obama gave us a one-word response: 'No.'" Continue reading →

Continue ReadingObama: No warrantless wiretaps if you elect me [2008]

Book Review: Damn Right! Biography of Charlie Munger

"There are huge advantages for an individual to get into a position where you make a few great investments and just sit back and wait: You’re paying less to brokers. You’re listening to less nonsense. And if it works, the governmental tax system gives you an extra 1, 2 or 3 percentage points per annum compounded. And you think that most of you are going to get that much advantage by hiring investment counselors and paying them 1% to run around, incurring a lot of taxes on your behalf? Lots of luck." Continue reading →

Continue ReadingBook Review: Damn Right! Biography of Charlie Munger

Peter Schiff on Bullion Banks, and the Hidden Trove of QE Money

"Perianne talks about the Fed and gold with Peter Schiff. Justine Underhill presents a chart to explain just exactly what the Fed has been doing vis a vis QE. Also, in the US, the big banks have had to submit 'living wills' to regulators -- basically, a blueprint for their wind-down should they become insolvent -- or, more insolvent, we guess. But the central bank of central banks, which is the Bank for International Settlements, just came out with its own plan for how to deal with too-big-to-fail. It's 'simple,' they say. Just let the creditors and depositors take losses -- a la Cyprus -- and force the creditors to recapitalize a new banking entity." Continue reading →

Continue ReadingPeter Schiff on Bullion Banks, and the Hidden Trove of QE Money

My History With the Infinite Banking Concept (IBC)

"In this article, I will summarize Nelson Nash’s Infinite Banking Concept (IBC) for the novice, but I will do so in the context of my own experience in learning about it. Thus this article serves several purposes. First, I hope it clarifies for Austrian / libertarian readers why I became so interested in the economics of life insurance. Yet I also hope it further explains to people already in the IBC community why I think the IBC Practitioner’s Program is such an important component in bringing this message to a wider audience. Finally, it will hopefully prove useful as a general introduction to IBC for any reader, told in the style of 'one guy’s journey.'" Continue reading →

Continue ReadingMy History With the Infinite Banking Concept (IBC)

Three key lessons from recent travels around the world

"One member is a sharp, contrarian hedge fund manager. He gave a brief presentation on why Greek stocks are a tremendous bargain right now, despite almost every other world market being overpriced near their all-time highs. Another friend of mine who is a real estate mogul said that much of the price rise we’re seeing in US housing is due to a wave of hedge funds that are buying vacant properties. He said he expects most of these hedge funds will liquidate within 18-24 months, flooding the market with homes and driving prices back down. When it came my turn to make some remarks, I told the group three things I’ve learned in my recent travels." Continue reading →

Continue ReadingThree key lessons from recent travels around the world

Clean bills or bust in Myanmar

"When traveling in Myanmar, the last thing you want to put in your money pouch is your actual money. Across the country, the slightest tear, stain, corner crease or any imperfection will render a United States dollar-denominated bill unacceptable. The practice can be a special source of anxiety for travelers who have flocked to Myanmar since the country's recent political reform and opening to the wider world. Only in the past year or so has Myanmar's tourism economy matured beyond anything other than cash. With no access to overseas banks, a traveler who accidentally sat on their wallet and creased all the bills within had little recourse." Continue reading →

Continue ReadingClean bills or bust in Myanmar