Mayor Bloomberg blames Virginia for many of New York’s gun crimes

"New York City Mayor Michael Bloomberg blames Virginia and several other southern state’s for the Big Apple’s gun crimes — so now he’s set his Mayors Against Illegal Guns’ sights on the Deep South for a Second Amendment crackdown. His chief of staff, John Feinblatt, said if states like Virginia only implemented common-sense provisions, then violent crime rates would fall. Other states faulted by Mr. Feinblatt: South Carolina, for contributing 251 'crime guns' in 2011, he said. And Georgia, Alabama and Texas – all states that allow for online gun sales absent background checks." Continue reading

Continue ReadingMayor Bloomberg blames Virginia for many of New York’s gun crimes

Hacker Forces Colin Powell To Deny Affair While At State Department

"Powell’s swift denial of an affair--especially one possibly conducted with an official of a foreign government while he served as America’s chief diplomat--was clearly prompted by the sensitive nature of the e-mails sent to his personal AOL account. In the 'very personal' correspondence cited by Powell, Cretu calls him the love of her life and describes a relationship that spanned more than a decade. The 2010-2011 e-mails would leave most readers with the clear impression that the forlorn Cretu is writing about the twilight of a lengthy romance. Powell’s e-mail and Facebook accounts were illegally accessed by 'Guccifer.'" Continue reading

Continue ReadingHacker Forces Colin Powell To Deny Affair While At State Department

Obama nominates former Freddie Mac executive to lead IRS

"President Barack Obama on Thursday nominated John Koskinen, who has held a variety of roles in government, to lead the Internal Revenue Service amid a controversy over the agency’s scrutiny of conservative political groups. Koskinen was in charge of the government’s effort to prevent computer failures to prepare for the year 2000, is a former executive of Freddie Mac, the government-controlled mortgage funding group, and served as deputy mayor for Washington, D.C." Continue reading

Continue ReadingObama nominates former Freddie Mac executive to lead IRS

Bill Gates: Flip-Flopping IP Hypocrite

"A couple decades ago, Bill Gates seemed to have some appreciation of the damage wrought by patent law. Yet over the years Microsoft relied on the other major form of intellectual property—copyright—to dominate aspects of the software industry, and then to use the monopoly profits to accumulate thousands of patents. These two forms of IP are then used together to squelch competition. Now that Gates has used state-granted IP monopolies to acquire billions of dollars that he can then use to be a bigshot philanthropist, he is all for patents (as my friend Rob Wicks says, Gates is 'America’s wealthiest welfare queen')." Continue reading

Continue ReadingBill Gates: Flip-Flopping IP Hypocrite

Former IMF Chief Economist: Sadly, Too Big to Fail Is Not Over

"There are three issues: the powers of the Federal Reserve, the mandate of the Federal Deposit Insurance Corporation and the vulnerability of taxpayers when one or more large complex financial institutions fail. We have at least five such companies in the United States, all of which are intensely cross-border in their operations (in order of size, JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs and Morgan Stanley). The biggest and most leveraged financial companies in the United States today are all now bank-holding companies, with access to the discount window at the Fed, via their commercial banking subsidiaries." Continue reading

Continue ReadingFormer IMF Chief Economist: Sadly, Too Big to Fail Is Not Over

Obama delivers ‘full-throated defense’ of Larry Summers to House Democrats

"President Barack Obama defended Larry Summers’ credentials during a meeting with House Democrats on Wednesday. Rep. Gerry Connolly (D-VA) told The Hill that Obama had given a 'full-throated defense' of Summers during the meet at the Capitol. Obama is rumored to be considering nominating Summers to replace Ben Bernanke as chairman of the Federal Reserve. Obama described Summers as a loyal and important adviser during the 2008-2009 financial crisis. Summers had served as director of the U.S. National Economic Council under President Barack Obama. He resigned in 2010." Continue reading

Continue ReadingObama delivers ‘full-throated defense’ of Larry Summers to House Democrats

Obama’s Next Big Blunder

"Many believe Janet Yellen, the Fed’s current vice chairman, is the best option because she’s been involved in all major recent monetary policies. But I won’t be taken aback if Obama picks Summers. He’s perfectly qualified for the job. If you have a terrible track record of predicting the economy and like to favor big banks at the expense of everyone else, then you’ve got a good shot at becoming the Fed chief. Because that’s precisely what the Fed does. It punishes savers and helps make bankers rich. And it fails to predict all major economic developments. That’s why Obama is considering Summers." Continue reading

Continue ReadingObama’s Next Big Blunder

CFR Steps Up Attack on the Second Amendment Using Discredited Statistics

"In 2007 and 2008, some 29,000 weapons of various types and varieties were recovered at crime scenes by Mexican authorities. Of those, only 11,000 of them had serial numbers on them that would allow them even to be traced by the BATFE. And of those 11,000, just 5,114 were successfully traced back to sources in the United States. That’s 17.6 percent, not 70 percent or 90 percent. Just 14 percent of the 203,300 prisoners serving time in a state or federal prison in 1997 obtained their weapons from a gun shop, pawnshop, flea market, or gun show. An updated study by the DOJ in 2004 showed that the number dropped to 11 percent." Continue reading

Continue ReadingCFR Steps Up Attack on the Second Amendment Using Discredited Statistics

Manning Show Trial Exposes the Fraud of Representative Democracy

"The U.S. government fears an informed American people, and an informed world public opinion, far more than it ever feared al Qaeda. What we’ve called 'representative democracy,' since the rise of universal suffrage in the West a century or so ago, has been an elaborate exercise in securing the outcome desired by ruling elites — preserving an intersecting alliance of corporate and state oligarchies — while maintaining the fiction of popular rule. Manning committed the one unforgivable sin in a sham representative democracy: He let the 'sovereign' people in on what 'their' government is really doing, and whose interests it’s really serving." Continue reading

Continue ReadingManning Show Trial Exposes the Fraud of Representative Democracy