Bill Bonner: How Do You Destroy a Business?

"Mr. Mnuchin was on the board of Sears for the past 11 years, throughout its devastating decline. He is resigning now, letting the ship go down without him. Besides, he has already stolen the silver. How do you destroy a business? It’s not that hard. Rather than invest in new people and new methods, you take the money for yourself. It is even more attractive if you can borrow a lot of fake money at ultra-low rates against the company’s credit… pay it out to yourself and other financiers… and then jump ship, leaving the company, its employees, and its creditors to drown in your debt." Continue reading

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Proposed Cambridge Privacy Ordinance Would Take First Step Toward Limiting Surveillance State

CAMBRIDGE, Mass. (Dec. 8, 2016) – The Cambridge city council will consider an ordinance that would take the first step toward limiting the unchecked use of surveillance technologies that violate basic privacy rights and feed into a broader national surveillance state. Late last month, the council adopted a policy order that would require the police…

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Missouri Bill Would Legalize Hemp Farming, Set Foundation to Nullify Federal Ban in Practice

JEFFERSON CITY, Mo. (Dec, 8, 2016) – A Missouri bill prefiled for the 2017 legislative session would authorize the commercial farming, production and sale of industrial hemp in the state, effectively nullifying federal prohibition of the same. Sen. Rob Schaaf (R-St. Joseph) filed Senate Bill 120 (SB120) on Dec. 1. The legislation would remove industrial…

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Book Review: Limiting Federal Regulation

Most Americans assume there are legal grounds for all of the federal government’s regulation of economic activity. But the reality is that aside from narrowly defined and limited powers, the feds lack any constitutional authority to control the broader economy, according to Paul Ballonoff in his book “Limiting Federal Regulation.” At 121 pages, the book…

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Missouri Bill Would Limit ALPR Data, Help Block National License Plate Tracking Program

JEFFERSON CITY, Mo. (Dec. 7, 2016) – During the 2017 session, the Missouri legislature will consider a bill that would put limitations on the storage and sharing of information collected by law enforcement agencies using Automated License Plate Readers (ALPRs) in the state, and place significant roadblocks in the way of a federal program using states…

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Federally Funded Tech Helps Police Seize Money from Prepaid Cards

A new technology at least in part funded by the federal government has made it even quicker and easier for cops to grab money via asset forfeiture. The device is called ERAD, short for Electronic Recovery and Access to Data, and it has already been deployed in Oklahoma. ERAD is made possible through a combination…

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