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5th Cincinnati IRS worker allegedly connected to scandal

“Despite the claim of just two employees being involved, FOX19 has exclusively learned from two separate sources that there could be at least four Cincinnati employees involved. Those four employees, whose names we have chosen to withhold until they have been officially confirmed, have each worked in the IRS Exempt Organizations Department. While the IRS is pointing at ‘two rogue employees,’ the number of organizations that were singled out has swelled to nearly 500. In addition, on Friday FOX19 obtained documents of a fifth Cincinnati IRS agent who reportedly came after a pro-life group in 2009.” Continue reading →

7 Teenagers Arrested for End-Of-Year Water Balloon Prank

“This year, a handful of students at Enloe High School in Raleigh North Carolina appear to have plotted perhaps the most unimaginative prank in high school history: tossing water balloons at other students. But thanks to aggression from the school’s administration and local police, the prank didn’t end peacefully. In anticipation of the prank, school officials called in ‘increased security’ and teachers held their students inside classrooms. After the balloons flew, seven boys were arrested, at least one handcuffed after being taken down down the asphalt by police. Six are being charged with disorderly conduct, while one is being charged with assault and battery.” Continue reading →

Bill Bonner: This is not a normal economy at all

“‘Normal’ is what you get when you don’t experiment. So, how can you get to ‘normal’ from a ‘Great Experiment?’ We will leave that for the philosophers of tomorrow. Today, we’ll merely suggest that maybe this economy isn’t so normal. What’s normal about an economy where the major financial institutions can borrow money at zero real cost? What’s normal about an economy in which people who have run their businesses so recklessly that they had to be bailed out by the government are still running their businesses…and can now borrow at lower rates than good businesses?” Continue reading →

Another Amazing Fat Tuesday on Wall Street

“The Dow Jones Industrial average closed Tuesday at a new all-time high with a triple-digit surge of 123 points. And it’s fitting that the Dow hit a new high of 15,215 on a Tuesday because it’s the 18th straight Tuesday that the industrials have finished the day higher than where they began. This 18 for 18 streak started all the way back on January 15. The Dow since then is up more than 1700 points. And according to the statistical gurus at Bespoke Investment Group over 1400 of the 1700 plus points gained since then on the Dow have come on, you guessed it, Tuesday. That’s 83 percent of all the gains in stocks since then coming on this one day of the week.” Continue reading →

Ex-BlackRock MD: US raid on Bitcoin exchange is ‘hysterical’ reaction

“Warwick Business School’s professor Jon Rushman, a former BlackRock managing director, says: ‘It is a little bit of a hysterical reaction from the US authorities. There are concerns of Bitcoin being used in illegal ways, but unless there is more substantial evidence of this I don’t think there is any reason to shut down the main Bitcoin exchange. US dollars, Russian rubles and euros have all been used by criminals, but nobody is suggesting their central banks should be closed down and their governors imprisoned.’ Rushman calls for more ‘intelligent debate about Bitcoin and its future’.” Continue reading →

Top Constitutional Experts: Obama Is Worse than Nixon

“Daniel Ellsberg notes that Obama’s claimed power to indefinitely detain people without charges or access to a lawyer or the courts is a power that even King George didn’t claim. Former judge and adjunct professor of constitutional law Andrew Napolitano points out that Obama’s claim that he can indefinitely detain prisoners even after they are acquitted of their crimes is a power that even Hitler and Stalin didn’t claim. Indeed, Obama has turned America into the most spied upon nation in world history, and has rolled back liberties to the time of the enactment of the Magna Carta in 1215.” Continue reading →

Venezuela running out of toilet paper

“Venezuela’s socialist government is scrambling to find new sources for toilet paper as consumer supplies run out nationwide. Shortages of key supplies like milk, sugar, coffee, butter and cooking oil have grown much worse in just the last month, amid a decade-long trend of rising inflation and increasing consumer prices. Venezuelan Minister of Commerce Alejandro Fleming told state-run AVN News that the government would respond by ‘saturating the market’ with 50 million rolls of imported toilet paper, in hopes of calming the populace. However, CNN noted that he also said Venezuelans go through about 150 million rolls of toilet paper every month.” Continue reading →

Roadside manicure services boom in Nigeria

“A comfortable salon may be the ideal place to have a manicure-pedicure, but in Nigeria’s sprawling economic capital, the curb above a open sewer works just fine. Privately tailored suits delivered to your home or office are a luxury reserved for the wealthy in some cultures, but in Lagos, many in the middle class are also in regular contact with their personal clothier. And, while paying for your toe and fingernails to be soaked, scrubbed, trimmed and moisturised is considered a luxury in some parts of the world, in Lagos, ‘it’s for everybody,’ said Bashir Haruna, 32, a groom at a polo club who also hauls boxes at an appliance store for extra cash.” Continue reading →