US Senate Rejects Parental Choice in Education, but States and Individuals Choosing Anyway

LOS ANGELES (July 15, 2015) This week, the Federal Senate rejected a measure that would have protected school choice, but individuals and states are already taking actions without federal approval, and it will likely continue and grow in 2016. In a rare instance where a measure was put forward in the National Congress that would have…

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If the Feds Can’t Coerce States, Why Can They Coerce Individuals?

Tying together strands from the legal reasoning in the twin Supreme Court cases on Obamacare, we find a principle that just might shield individual Americans from the coercive force of the federal government if it were ever properly applied. It’s a simple fact in the insurance business: the more policyholders file claims, the more pressure…

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Bill to Curb ‘Policing for Profit’ via Asset Forfeiture Approved by California Assembly Committee

SACRAMENTO, Ca. (July 15, 2015) – Yesterday, a California Assembly Committee unanimously passed a bill that not only bolsters restrictions on state officials from seizing property without due process, but throws a wrench into federal efforts to do the same. Previously passed by the Senate, it moves one step closer to the Governor’s desk. Introduced by…

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Swiss court rules handing over bank employee info to US illegal

“A Swiss court has ruled that Credit Suisse’s decision to provide US tax authorities with information on an employee was illegal, according to the ruling made public Monday. In April 2012, the Swiss government gave 11 Swiss banks the go-ahead to accommodate a US tax evasion probe and hand over the names of thousands of their employees and consultants working with American clients. Fearful of harsh US penalties and prosecution, the banks then met Washington’s demands, handing over personal information about numerous staff members, and reportedly also making personal documents, emails and details of telephone calls available.” Continue reading

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Oregon Hemp Debate Proves Police Arguments Against it are a Lie

Whenever a bill to allow industrial hemp farming – note, this is different than marijuana legalization – comes up in a state legislature, the leading opponents are generally law enforcement groups. These police lobbies almost always base their opposition on flawed logic and outright falsehood. A recent conflict between marijuana growers and hemp farmers in…

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Paypal Shuts Down in Greece; Bitcoin Still Operates

“Capital controls imposed by the Greek government mean that Greek citizens can only withdraw 60 euros (effectively 50 euros after ATMs have run out of 20 euro notes) and online payment service, PayPal, has been left crippled, as a result. PayPal relies on the traditional banking sector and credit card industry for all its transactions to flow. Fact is, there is an old-style bank that underpins nearly every finance tech start-up that purports to threaten and disrupt the old guard. Examples are peer-to-peer lending platforms such as Prosper and Lending Club. Neither company holds the loans they award on their own balance sheets, but, instead, acquire the funds from WebBank, Salt Lake City, Utah.” Continue reading

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Visa CEO Charlie Scharf: Moving at the speed of money

“West Coast venture capitalists see Visa as an oligopolistic dinosaur and are pouring hundreds of millions of dollars into rivals that use bitcoin. Meanwhile, banks, which collect the bulk of the fees from merchants, are warily eyeing Visa’s efforts to bypass them and forge direct relationships with retailers by offering one-click internet transactions and providing data on consumer behaviour that only Visa possesses. None of which seems to faze Visa’s chief executive, Charlie Scharf. In time, he says, would-be Visa disruptors all discover—just as internet upstarts PayPal, Square and Uber did—that it is simply easier and more economical to work with his leviathan than fight it.” Continue reading

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