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Bill Bonner: Does the Fed help make people better off?

"There were voices in the Fed, said the news, urging caution. There would be no further monetary stimulus measures, said the commentators. Investors grew cautious. Then, by the end of the week, investors were rolling the dice again. The Fed was working hard to fight the impression that it had either lost its nerve or recovered its senses. With the wind of the Fed at their backs, investors put out full sail. On Friday, they were skimming along nicely, riding high on a tide of EZ money. 'Don't fight the Fed,' said the analysts. The Fed is pumping...stocks are going to rise. Of course, it's not that simple. Zimbabwe pumped. Stocks rose...for a while." Continue reading →

Continue ReadingBill Bonner: Does the Fed help make people better off?

Publishing Atrocity: The 1963 Edition of Human Action

"This is the fiftieth anniversary of one of the most scurrilous incidents in academic publishing. The victim was Ludwig von Mises. The perpetrator was Yale University Press. This travesty was quite self-conscious. The editor knew exactly what he was doing. He was in control. Mises was not. This was how establishment liberalism worked in 1963. Today, ebooks, PDFs, and other technologies have broken the hold of traditional paper-based publishers. You can download the 1949 edition for free. But there was a time when they called the shots. Mises found out just how completely they called the shots at Yale University Press in 1963." Continue reading →

Continue ReadingPublishing Atrocity: The 1963 Edition of Human Action

The Permanent Overclass’s Propaganda System: A Century In The Making

"Two major social engineering projects were underway: one, the manufacture of ideology, largely the initiative of philanthropic foundations (and the social sciences), and the other, public relations as a modern form of propaganda. Through the educational system, the social sciences, philanthropic foundations, public relations, advertising, marketing, and the media, America and the industrialized states of the world developed a unique and complex system of social control and propaganda for the 20th century and into the 21st. It is imperative to recognize and understand this complex system if we are to challenge and change it." Continue reading →

Continue ReadingThe Permanent Overclass’s Propaganda System: A Century In The Making

North Carolina Senate blocks testing themselves when passing welfare drug testing bill

"Republicans in the North Carolina state Senate on Monday pushed through bill that would strip public benefits like food stamps and job training for people who fail a drug test. The bill requires those applying for benefits to pay for their own drug tests. Applicants who test negative would be eligible to have the costs of their tests reimbursed. The policy could cost the state more than $2.1 million. At the same time, senators rejected an amendment offered by Democratic state Sen. Gladys Robinson that would have drug tested lawmakers, the governor and cabinet secretaries." Continue reading →

Continue ReadingNorth Carolina Senate blocks testing themselves when passing welfare drug testing bill

Geneva unveils wireless electric bus technology

"A revolutionary new electric bus that operates without overhead wires will begin operating in Geneva next month. The bus was developed by a public-private consortium including ABB Sécheron, the Geneva public transport authority (TPG) and SIG, the canton of Geneva’s utility company and supplier of electricity. The articulated bus works on a flash system that allows it to be recharged in 15 seconds at every stop with an overhead device that delivers 400 kilowatts of electricity. The vehicle is capable of storing enough energy to operate between stops, the consortium said." Continue reading →

Continue ReadingGeneva unveils wireless electric bus technology

New York City bike-share program bans riders who weigh more than 260 pounds

"It is 'prohibited' for any rider who weighs more than 260 pounds to sign up for the soon-to-launch initiative — prompting backlash from riders who say the fat-shaming rule is enough to make them fly off the handle. Everyone who signs up for the program has to agree to a contract, which states users 'must not exceed maximum weight limit (260 pounds)' because the bikes can’t hold that much heft. Would-be riders called the rule unfair, saying the 40-pound cruisers are plenty sturdy. Others claimed the rule makes no sense — especially at the height of the city’s obesity problem. Several bike-shop owners agreed that the weight limit was bogus." Continue reading →

Continue ReadingNew York City bike-share program bans riders who weigh more than 260 pounds

3-D-printed gun available for download after firing first shots

"The nonprofit group that created the world’s first 3-D-printed gun on Sunday proved that the weapon could be fired. In a YouTube video published by Defense Distributed, 3-D-printed gun creator Cody Wilson fires a single shot from 'the Liberator,' which features interchangeable barrels to handle different caliber bullets. On the first attempt, the pistol showed no damage after firing a single standard .380 round. A second attempt misfired due to a misalignment. A Computer-aided design (CAD) file that would allow others with 3-D printers to create their own handguns was made available for free on Monday." Continue reading →

Continue Reading3-D-printed gun available for download after firing first shots

Dave Gold dies at 80; entrepreneur behind 99 Cents Only chain

"Dave Gold launched his 99 Cents Only Stores empire in Los Angeles at age 50 after mulling over the idea for over a decade. The thrifty entrepreneur took the dollar store concept and introduced it to middle-class and upscale neighborhoods. In the process, he created a chain that has become a mainstay for families squeezed during hard times or those who simply love a good bargain. Long before dollar stores dotted many street corners, Gold opened the first 99 Cents Only store in Los Angeles in 1982. It was the beginning of a chain that would exceed 300 stores in California, Texas, Arizona and Nevada." Continue reading →

Continue ReadingDave Gold dies at 80; entrepreneur behind 99 Cents Only chain

Botched Kim Dotcom case spurs New Zealand to allow domestic spying

"New Zealand unveiled plans Monday to allow its foreign intelligence agency to spy on local residents, to fill a loophole exposed when Internet tycoon Kim Dotcom was illegally snooped upon. Prime Minister John Key said the Government Communications Security Bureau (GCSB) needed additional powers because the challenges facing intelligence agencies had changed enormously in the past decade. Existing legislation says the GCSB is supposed to focus on foreign intelligence and cyber-security, explicitly forbidding it from spying on New Zealand citizens or residents." Continue reading →

Continue ReadingBotched Kim Dotcom case spurs New Zealand to allow domestic spying

Amsterdam forced Jews to pay rent while in WWII concentration camps

"Amsterdam council has vowed to probe revelations that it forced Jews returning from World War II concentration camps to pay rent arrears, even if their homes had been destroyed or occupied by Nazis. The scandal, involving an unknown number of Jews and non-Jews living in city-owned properties, was uncovered by a young art history student in Amsterdam’s archives. Less than a quarter of Amsterdam’s Jewish population survived the war, with the Netherlands occupied by the Nazis from 1940 to 1945. The council even issued fines for late rent payments for homes that were confiscated and occupied by Nazi forces or members of the Dutch collaborationist NSB movement." Continue reading →

Continue ReadingAmsterdam forced Jews to pay rent while in WWII concentration camps