Network Archives

European Central Bankers Promise Monetary Inflation for Years

"It’s official: the Bank of England and the European Central Bank announced a policy of guaranteed counterfeiting on a permanent basis. They will keep short-term interest rates low for years. They did not say for how many years. The promise of unlimited counterfeiting pushed up European stock markets. This joint announcement makes it clear that Europe’s central banks have no exit policy, any more than the Federal Reserve does. Once a central bank adopts monetary inflation, it cannot stop without creating a recession. Europe’s central bankers have decided that they prefer risking price inflation as opposed to recession." Continue reading →

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French and British Spying Rivals NSA’s

"Reports are now getting out that the French government and the British government both run data-monitoring programs that involve spying as comprehensive as NSA’s. But this is not getting as much attention, because they have not had leakers with stolen documents that prove this. The protests of European governments against NSA spying on their people turns out to be turf war. The government’s politicians resent the fact that the NSA has invaded their turf. Only domestic spies are allowed to spy on domestic populations in European countries. Privacy is a thing of the past all over the world. The cost of spying on us keeps falling." Continue reading →

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58,000 Californians Will Lose Health Care Insurance in 2014.

"Two insurance companies have announced that they will no longer offer health care insurance to individuals in California next year. They will sell policies only to group insurance policies. Obama promised this: 'If you like your health insurance, keep it.' He and Pelosi forget this: 'Of course, your existing company may decide not to sell it to you after we’re finished with the health insurance system.' Nobody says that companies have to sell policies that are money-losers. So, the way for companies to protect themselves against rising claims is to pull out of the market. If other firms think they want the risk, they can keep selling these individual policies." Continue reading →

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New York Gun Manufacturer Moves to Pennsylvania. “Catch Us if You Can.”

"New York passed the SAFE law on gun manufacturers in January, after debating for one day. That sent a message to one gun manufacturer. It bought 600 acres — almost a square mile — of land in Pennsylvania. It’s moving out. The Kahr company’s vice president of sales explained: 'One of our big concerns was, OK, the SAFE Act was passed in the middle of the night. You wake up the next morning and boom, that was it. We just felt like, gee, if they can do this, what can they do next?' This used to be called 'voting with your feet.' If you get tired of living under a government’s taxes and regulations, you move." Continue reading →

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Privacy group to file Supreme Court petition against NSA surveillance program

"The Domestic Surveillance Project division of the Electronic Privacy Information Center (EPIC) announced Thursday that it plans to file a petition asking the U.S. Supreme Court to vacate the Foreign Surveillance Intelligence Court (FISC) ruling which authorized the National Security Agency (NSA) to collect metadata on domestic phone calls. Domestic Surveillance Project Director Amie Stepanovich made the announcement at a Restore the Fourth rally in Washington on Thursday, one of several rallies across the country dedicated to protesting the NSA’s sweeping spying programs and invoke the Fourth Amendment’s protections against unreasonable searches and seizures." Continue reading →

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Bolivia’s President Evo Morales threatens to close U.S. embassy

"Bolivia’s president threatened to close the US embassy as leftist Latin American leaders joined him in blasting Europe and the United States after his plane was rerouted amid suspicions US fugitive Edward Snowden was aboard. President Evo Morales, who has suggested the United States pressured European nations to deny him their airspace, warned he would 'study, if necessary, closing the US embassy in Bolivia.' 'We don’t need a US embassy in Bolivia,' he said. 'My hand would not shake to close the US embassy. We have dignity, sovereignty. Without the United States, we are better politically, democratically.'" Continue reading →

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Delay in Obamacare requirement puts onus on the honor system

"Delaying the 'employer mandate' already means the government is giving up potential revenue next year, as businesses whose employees buy subsidized coverage on an Obamacare exchange would be fined $3,000 per person. In addition, without the reporting requirements of the employer mandate in 2014, 'the exchanges and the IRS will not be able to verify whether someone’s coverage is unaffordable' and thus whether the person is eligible for subsidies, said law professor Timothy Jost of Washington and Lee School of Law in Lexington, Virginia. That leaves it up to individual consumers to be honest about what they do, or do not, qualify for." Continue reading →

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Virginia: $10 Million Red Light Camera Caught With Short Yellow

"One of the most profitable red light camera intersections in Virginia Beach, Virginia has been pulling in millions based from faulty engineering. The automated ticketing machine at the corner of Great Neck Road and Virginia Beach Boulevard generated $10 million worth of red light camera tickets, only to see profits tumble 64 percent when the yellow signal timing was extended by half-a-second in January. The longer yellows provide only partial relief, as the city and its for-profit vendor Redflex Traffic Systems of Australia have issued 92 percent of the tickets to drivers turning right on red in a perfectly safe manner." Continue reading →

Continue ReadingVirginia: $10 Million Red Light Camera Caught With Short Yellow

Dot-Coms and Bonds Aren’t So Different after All

"In the late 1990s, stocks were the asset du jour. Every single year saw inflows and, at the time, it was the single biggest influx of investor cash into any asset class ever. That massive tsunami of investor dollars drove dot-coms to ridiculous valuations, setting the stage for the epic crash that followed. But guess what? It pales in comparison to the amount of cash that has poured into bond funds in the past few years. A stunning $1.15 trillion in investor money flowed into bond funds between 2009 and April 2013. Not one year showed an outflow from bonds. One could argue the bond bubble is at least 30 percent bigger than the late-1990s stock-market bubble." Continue reading →

Continue ReadingDot-Coms and Bonds Aren’t So Different after All

The Real National Security Interest of America

"McCain thinks that our common good rests in deeply expanding U.S. government involvements in dozens of foreign countries. How such an indirect, tortuous, and demonstably dangerous path achieves the common good of Americans is a deep mystery. It is beyond belief that the McCains in the Senate think they can improve other countries when they cannot even identify America's common good and take steps domestically to improve that good. Can Senator McCain explain how the U.S. involvements in Vietnam, Iraq, Libya, Somalia and Afghanistan have furthered the common good of Americans?" Continue reading →

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