Bankocracy

JFK passenger detained by TSA after talking about ‘bomb’ sandwich

"Airport officials detained a traveler who mentioned an explosive device at JFK — only to discover he was actually talking about food referred to as The Bomb, TSA sources said. Jason Michael Cruz, 29, was on an escalator in Terminal 7 Thursday when a TSA officer overheard him tell a friend he 'had the wrong kind of bomb' just after 1 p.m. Officials ushered Cruz and his friend, Matthew Okumoto, to a holding area, where they learned the pair was talking about a sandwich called The Bomb, airport officials said. TSA officers held the pair until airport cops arrived, causing Cruz to miss his Los Angeles-bound flight." Continue reading →

Continue ReadingJFK passenger detained by TSA after talking about ‘bomb’ sandwich

Colorado Sheriffs Suing Their Own State Over New Gun Laws

"Exposing the disconnect between Colorado politicians and the law enforcement officers charged with upholding the law, more than half of the sheriffs in the state are planning to file a lawsuit against recent gun control laws passed by Democrats. While politicians may pass the laws, law-enforcement officials are the ones who have to deal with the real-world implications of putting the new laws into effect. Because of this, 37 of the state’s 62 sheriffs have announced their plans to file a lawsuit against the new laws, saying they are unconstitutional and unenforceable." Continue reading →

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Puppies & Kittens & Censors…Oh my! Government Muzzles Internet Pet Veterinarian

"Can the government silence and shut down licensed professionals for giving advice online? Dr. Ron Hines is a highly regarded licensed veterinarian who's never had any complaints against him. Being a disabled and retired senior citizen, the Internet allows him to remain productive in his golden years. Yet he's been fined and shut down for giving advice on the Internet, often for free, to people around the planet who have no other access to veterinary care for their animals." Continue reading →

Continue ReadingPuppies & Kittens & Censors…Oh my! Government Muzzles Internet Pet Veterinarian

Arizona House Panel Says Cops Can Destroy Marijuana, Even If Patients Had Right To It

"An Arizona House panel voted on Tuesday to let police destroy marijuana they have seized, even if it was seized from legal medical marijuana patients who had a right to possess it. The panel ignored the pleas of Arizona's former top federal prosecutor, who told members of the Judiciary Committee that SB 1441 -- supposedly meant to 'tighten up' the state's medical marijuana law -- is an improer end-run around the Arizona Medical Marijuana Act, approved by voters in 2010, reports Howard Fischer at Capitol Media Services." Continue reading →

Continue ReadingArizona House Panel Says Cops Can Destroy Marijuana, Even If Patients Had Right To It

‘Respect State Marijuana Laws Act’ Introduced In Congress

"United States Congressman Dana Rohrabacher (R-CA), along with a bipartisan coalition of three Republicans (Reps. Rohrabacher, Rep. Justin Amash [R-MI], and Don Young [R-AK]) and three Democrats (Reps. Earl Blumenauer [D-OR], Steve Cohen [D-TN] and Jared Polis [D-CO]) today introduced House Bill 1523: the Respect State Marijuana Laws Act. The measure would amend the federal Controlled Substances Act to exempt from federal prosecution individuals and businesses, including marijuana dispensaries and/or retail outlets, who comply with state marijuana laws." Continue reading →

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EMU plot curdles as creditors seize Cyprus gold reserves

"First they purloin the savings and bank deposits in Laiki and the Bank of Cyprus, including the working funds of the University of Cyprus, and thousands of small firms hanging on by their fingertips. Then they seize three quarters of the country’s gold reserves, making it ever harder for Cyprus to extricate itself from EMU at a later date. The people of Cyprus first learned about this from a Reuters leak of the working documents for the Eurogroup meeting on Friday. This seemed to catch the central bank by surprise. Officials said they knew nothing about it. So who in fact made this decision?" Continue reading →

Continue ReadingEMU plot curdles as creditors seize Cyprus gold reserves

Obama Budget Contains Middle Class Income Tax Hike

"Chained CPI means the Obama budget contains a tax increase on 100 percent of middle class taxpayers (anyone who pays the federal income tax). Many other tax provisions—the standard deduction, the personal exemption, PEP and Pease, IRA and 401(k) contribution limits, and many others—are also tied to how CPI is measured. Chained CPI as a stand-alone measure (that is, not paired with tax relief of equal or greater size) is a tax increase and a Taxpayer Protection Pledge violation. Various reports peg the tax increase amount as exceeding $100 billion over the next decade." Continue reading →

Continue ReadingObama Budget Contains Middle Class Income Tax Hike

Obama Will Become First President to Spend $4 Trillion in One Year

"In the historical tables it released along with President Barack Obama's fiscal 2014 budget proposal this morning, the White House Office of Management and Budget revealed that in fiscal 2016, under the president's budget proposal, it expects Obama to become the first president in the nation's history to preside over a federal government that spends more than $4 trillion in one year. The OMB's historical tables also reveal that the White House does not expect this administration to ever run an annual deficit as low as $458.5 billion, which was the deficit the government ran in fiscal 2008, the last fiscal year completed before Obama took office." Continue reading →

Continue ReadingObama Will Become First President to Spend $4 Trillion in One Year

Bill Bonner: $10,000 each in two suitcases

"Price controls didn't work for the Romans. They didn't work for the Germans. They didn't work for the Zimbabweans or any of the other hundreds of governments that have tried them. But who knows? Maybe they'll work for the Argentinians. But inflation is just getting started here. The rate is officially about 10%. Unofficially, it's 30%. Officially, you can trade a dollar for 5.4 pesos. Unofficially, you'd be a fool to do so. The black market rate is eight to the dollar – and more. So what do we do? Every time we come to Argentina we bring the maximum - $10,000 each – in $100 bills. Then, when we need to buy things, we trade our dollars on the black market." Continue reading →

Continue ReadingBill Bonner: $10,000 each in two suitcases