Mainstream Republicans Urging States to Reject new EPA Rules

At least five prominent Republican governors are advocating state resistance to Environmental Protection Agency (EPA) regulations regarding climate change and carbon emissions. If done by multiple states, this would likely nullify those EPA rules in practice. Buoyed by assistance from Senate Majority Leader Mitch McConnell, they are calling on states to deny enforcement resources for an anticipated regulatory plan from…

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Last Minute Win: Oregon Senate Kills Bill That Would Have Shut Down Hemp Industry

SALEM, Ore. (July 10, 2015) – The Oregon Senate killed a bill that would have shut down the recently launched industrial hemp industry, ensuring that hemp farmers will be able to continue to growing their crops, further nullifying in practice the federal ban. The Senate voted 13-17 against HB2668. The legislation would have essentially halted…

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Shadowy federal agency snooping in your wallet

“Created under the sweeping Dodd-Frank Act of 2010, the agency sets regulatory guidance for an array of financial products. The bureau is funded through a direct percentage of Federal Reserve income, not by Congress – and that means there’s no congressional oversight. A recent report found that the CFPB has accomplished the monitoring of more than 85 percent of all credit card records from U.S. consumers. The agency’s goal is to reach 95 percent of the domestic credit card marketplace. The bureau presided over the U.S. Department of Justice’s Operation Choke Point, a campaign to choke off the credit lines of targeted businesses.” Continue reading

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Jeffrey Tucker: Greeks Prepare to Be Pillaged

“One thing needs to be said about this frantic authoritarian approach: It never works. Bank closings add to the atmosphere of panic. They are often followed by an announcement that the government is going to devalue or outright steal people’s money. Whatever trust remains in the system is drained away along with the value of the currency. But there’s another factor in play, for the first time. People are looking at Bitcoin as a way to store and move money. There is now a Bitcoin ATM in Athens that is reportedly doing a brisk business. Redditors are sharing tips. And, of course, the exchange rate of Bitcoin is on the move again.” Continue reading

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China: Risks … and Opportunities

“The meltdown in Chinese stocks presents both risk of contagion for global stocks, including our markets, and a great buying opportunity in the making for global-oriented investors. China’s mainland Shanghai Index soared 150% higher in just 12 months through mid-June. These eye-popping gains were fueled in large part by a massive expansion in margin lending, most of it off-the-books. A few weeks ago, officials in Beijing believed stocks could be getting overheated and decided to crack down on margin trading. Since then, Shanghai shares have plunged about 30% and have been down 13 straight days.” Continue reading

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