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Wyoming Bills would Ease State Marijuana Laws, Help Nullify Federal Prohibition

CHEYENNE, Wyo. (Jan. 7, 2016) – Two bills filed in the Wyoming House would significantly ease the state’s marijuana laws, taking a big step toward nullifying federal cannabis prohibition in practice in the state. Rep. James Byrd (D-Laramie) prefiled House Bill 3 (HB0003) on Dec. 17. The legislation would decriminalize possession of small amounts of…

Societé General Strategist: Yellen’s Dithering Fed Is Destined for Infamy

“The Federal Reserve’s failure to recognize its role in driving the third dangerous asset bubble in 15 years will destroy the central bank’s reputation for good, said Albert Edwards, global strategist at Societe Generale. Edwards said it’s too late to avoid another massive collapse in asset prices. ‘This time the Fed’s largesse has fueled another corporate debt explosion,’ he said. ‘The real rate of corporate borrowing is even greater than was seen during the late 1990s tech bubble. This is 100 percent attributable to the Fed’s excessively loose monetary policy.'” Continue reading →

Virginia Senate Bill Would Curb “Policing for Profit” via Asset Forfeiture, But Federal Loophole Remains

RICHMOND, Va. (Jan. 6, 2016) – A bill filed in the Virginia Senate for the 2016 legislative session would reform the state’s asset forfeiture laws, making it more difficult for police to seize property. But a loophole in the legislation would allow law enforcement to work with the feds to skirt the more stringent state law. Sen.…

New Hampshire Bills Would Legalize the Recreational Use of Marijuana, Help Nullify Federal Prohibition

CONCORD, N.H. (Jan. 6, 2015) – Three bills introduced in the New Hampshire legislature would legalize marijuana for recreational use. Passage of any would not only legalize marijuana in the Live Free or Die State, but would also take a big step toward nullifying federal cannabis prohibition in practice in the state. The three proposed bills…

New York Bill would Support Parents’ Common Core Opt Out Efforts

ALBANY, N.Y., (Jan. 6, 2015) – A bill proposed in the New York legislature would allow certain students to opt out of Common Core Standards and testing, a small step toward nullifying nationalized education in the state. The law would provide additional backing to some of the hundreds of thousands of New York parents who have already…

Right to Try Laws Taking on Some FDA Restrictions Now In Effect In Oregon and Illinois

Patients facing life-threatening illnesses now have more treatment options open to them in Illinois and Oregon thanks to new laws tearing down federal roadblocks that went into effect on New Year’s Day. These new “Right to Try” laws effectively nullify in practice some Food and Drug Administration (FDA) rules that stop terminally ill patients from…

Chinese state begins buying stocks after Monday’s rout

“China’s stocks rose in volatile trade as state-backed funds were said to intervene after a plunge on Monday wiped out $590 billion of market value. Trading was halted on Monday after the gauge plunged 7 percent, triggering new market circuit breakers that some analysts said exacerbated the sell-off. State-controlled funds bought equities and the securities regulator signaled a selling ban on major investors will remain beyond this week’s expiration date, according to people familiar with the matter. The China Securities Regulatory Commission also suggested it’s open to tweaking the circuit breakers, while the central bank conducted the biggest reverse-repurchase operations since September.” Continue reading →

Oregon Law Curbing Warrantless Collection of Cellphone Data Now in Effect

SALEM, Ore. (Jan. 4, 2016) – Privacy got a boost in Oregon on New Year’s Day. On Jan.1, a new law prohibiting police from obtaining information from electronic devices without a warrant in most cases went into effect. The new law will not only protect privacy in Oregon, but will also address a practical effect…