CHARLESTON, W.V. (Jan. 25, 2016) – A bill introduced in the West Virginia House of Delegates this month would block unconstitutional foreign deployments of the state’s national guard troops, effectively restoring the Founders’ framework for state-federal balance on the Guard. House Bill 2168 (HB2168), the Defend the Guard Act, was introduced by Del. Pat McGeehan (R-Hancock),…
RICHMOND, Va. (Jan. 25, 2016) – A Virginia bill would end warrantless collection of cell phone data and ban the use “stingrays” to track the location of phones and sweep up electronic communications without a warrant or wiretap order in most situations. Passage of the bill would not only protect privacy in Virginia, but would…
COLUMBIA, S.C. (Jan. 25, 2016) – A South Carolina bill would bar state cooperation with any future federal gun control measures, effectively nullifying them in practice within the state. A coalition of 16 Republican representatives introduced House Bill 4701 (H4701) on Jan. 19. Titled the Second Amendment Preservation Act, the legislation would prohibit the state…
CHARLESTON, W. Va. (Jan. 25, 2016) – A West Virginia bill would allow the state hemp seed commissioner to issue licenses for industrial hemp production without first obtaining federal waivers. Passage of this legislation would set the foundation to nullify in practice the unconstitutional federal prohibition of hemp within the state. Rep. Lloyd Arnold (D-Lincoln)…
"A measure extending the bank through 2019 was included in a massive transportation bill that cleared the House and Senate Thursday and is expected to be signed by President Barack Obama. The small federal agency makes and guarantees loans to help foreign customers buy U.S. exports. Business groups like the U.S. Chamber of Commerce say it's necessary for U.S. competitiveness, since most overseas competitors rely on similar government help. But conservatives decry the bank as corporate welfare and government interference in the free market. A rarely used procedure in the House forced a floor vote on the bank over the objections of top GOP leaders." Continue reading →
rivacy advocates in Norway have expressed worries for years that, without cash, there would be no way for an individual to purchase something without being tracked. In 2014, Finans Norge, a financial industry organization in Norway, said the country was on pace to be a cashless society by 2020, Ice News reported. While DNB said its proposal will take time to complete, executives suggested the country start phasing out cash by discontinuing the 1,000 kroner note so it could focus on updating its banking system. Continue reading →
JUNEAU, Alaska – (Jan. 25, 2015) – An Alaska bill introduced earlier this month would set the foundation to nullify in practice some Food and Drug Administration (FDA) rules that deny access to experimental treatments by terminally ill patients. Introduced by Rep. Scott Kawasaki on Jan. 8, House Bill 215 (HB215) would give terminally ill…
"The $15 trillion rout in global equity markets since May is reawakening the lure of gold for investors seeking safety. Hedge funds more than doubled their net-long position in bullion last week, just three weeks after they were the most-bearish ever. Investor holdings of gold through exchange-traded products are expanding at the fastest pace in a year, and the value of the ETPs has jumped by $3 billion in 2016. Fed Bank of Boston President Eric Rosengren said this month that the central bank’s projected path for more policy tightening is at risk, citing falling estimates for U.S. economic growth. Gold reached a five-year low in December as the dollar strengthened and U.S. inflation stayed stagnant." Continue reading →
"Rand Paul and Ron Paul, the dynamic duo of anti-Fed forces, invested a lot of time and money trying to get that legislation passed. But even if it reached Barack Obama's desk, it would have been vetoed. Of course, the Fed pushed back against the legislation. Fed Chairman Janet Yellen penned a letter to senators before the vote claiming that the legislation would deprive the Fed of necessary independence. She also noted that passing the legislation might generate an inflation scare and cause interest rates to rise. One wonders if this was a subdued threat." Continue reading →
"A nuclear deal between world powers and Iran led to the removal of the curbs on Tehran's banking, insurance and shipping sectors last weekend, as well as restrictions on oil exports. But for Iran to resume business with the global banking world - for the first time since 2012 - its banks need to be linked to overseas lenders on SWIFT. The system is used to transmit payments and letters of credit. Many international sanctions relating to Iran's nuclear program were lifted but most involving U.S. measures remain in place. Non-U.S. banks may trade with Iran without fear of punishment in the United States but U.S. banks may not do so, directly or indirectly." Continue reading →