Can the House Sue the President (More Seriously this Time)?

I can accept, as an original matter, the general proposition that the "Case or Controversy" language means at minimum that everyone can't sue everyone for everything. How modern standing law derives its particular intricacies from this basic proposition is a mystery to me. But that doesn't matter in this case, which seems fundamentally about an abstract injury common to everyone.

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Local Spying is Part of the National Surveillance Web

The OffNow campaign primarily focuses on action against federal surveillance programs. But with the line between federal, state and local law enforcement becoming increasingly blurred, Americans also need to pay attention to local actions to see and understand the big picture. Take for example a new program law enforcement agencies in Grand Rapids, Mich. recently…

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More Jawboning from Australia’s Central Bank

"RBA Governor Glenn Stevens proceeded from characterizing the level of the exchange rate as 'uncomfortably high' to noting 'that foreign-exchange intervention can, judiciously used in the right circumstances, be effective and useful.' That latter observation was particularly noteworthy because, according to The Wall Street Journal, a currency intervention has essentially been verboten in the decades since Australia shifted to a floating exchange rate in 1983. He closed his remarks on this particular topic with an even more overt statement: 'Nonetheless, we think that investors are under-estimating the likelihood of a significant fall in the Australian dollar at some point.'" Continue reading

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Finance Goes From Foe to Friend in Hollande Government

"During his election campaign in 2011, President Francois Hollande famously called finance his 'greatest adversary.' In a speech today, French Finance Minister Michel Sapin called finance 'a friend,” quickly specifying that he was talking about 'good finance.' The new stance comes as the president’s popularity is at a record low and his economic policies have drawn the ire of members of his own Socialist Party and of allied groups. Recovery remains anemic and joblessness is at a record high. Global finance, however, has stuck with Hollande. Investors have piled into French bonds, giving Hollande’s government borrowing costs that are close to the lowest on record." Continue reading

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How Did We Get Here?

How did we get here? How did we end up with a government that spies on us, gives money and guns to our enemies and kills with impunity? The current manifestation of despotic government on display by the Obama administration has rekindled the debate between federal power and state sovereignty. Who is truly the final…

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New Jersey vs DC on Sports Betting

In predictable fashion, the black robed oligarchs known as the United States Supreme Court will not hear New Jersey’s appeal of the federal ban on sports betting.  The decision by the Supreme Court last month not to hear the case essentially lets past appeals court decisions stand.  The state legislature has already taken actions to bypass the…

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Under the Microscope: The Real Costs of a Dollar

"Once upon a time, most paper currency in the world was backed by gold and directly exchangeable for it. On August 15, 1971, US President Richard Nixon ended the Bretton Woods System (Ghizoni, 1971), in what is now known as 'The Nixon Shock', allowing all currencies to float freely, with only the backing of the faith and credit of their issuing sovereign state. This type of currency is known as 'fiat currency', i.e., currency that is given value by government decree (Keynes, et al., 1978). This report will not discuss the relative merits and drawbacks of gold-backed currency and fiat-money, only the triple-bottom-line impacts of each." Continue reading

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The Liber Code

The Lieber Code. HJR192. Senate Doc 43 From vterranova 3-1-9 Here’s the Coup de Gras on what is taking place right now, known as the Lieber Code. Remember, I told you we’ve been under military rule for at least 75 years or more since HJR 192 was implimented and they move re honest money was […]

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Hospitals profiling patients using their credit card purchase data

If this story didn’t have a Bloomberg byline, I would swear it was from last night’s edition of The Daily Show. Hospitals are now buying consumer purchasing data to figure out who smokes, who has a car, and who shops at Walmart or Whole Foods. The idea is to identify high-risk patients and help them choose a different path before it’s too late. Does anyone remember Snowden? Does anyone still think big institutions can manage enormous sets of data carefully and ethically? What are the chances that the bottom line will win out over individuals? Continue reading

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