IRS To Extract $207 Billion From Small Businesses By Enforcing Obamacare

"The employer mandate is lucrative for the government. It is expected to bring in penalty payments of $207 billion over the next decade, according to projections by the Congressional Budget Office. Businesses will generally incur fines of around $2,000 per employee (excluding the first 30) if they do not offer qualifying coverage to nearly all of those who work an average of 30 or more hours a week. The penalty is activated if at least one employee then buys insurance on the health law’s marketplace and receives a subsidy for it. The per-employee fine increases each year, and can add up quickly: A company with 100 workers that ignored the law this year would owe a penalty of more than $158,000."

Continue ReadingIRS To Extract $207 Billion From Small Businesses By Enforcing Obamacare

Pre-Internet Laws Are Jeopardizing Today’s Electronic Privacy

"Under the 1986 law, email that has been stored for 180 or more days is considered to be ‘abandoned’ and can be perused by federal authorities sans a warrant. But in an era of cloud computing and services like Dropbox, most Americans certainly would beg to differ that any emails stored online had been abandoned."

Continue ReadingPre-Internet Laws Are Jeopardizing Today’s Electronic Privacy

Cop Arrested for Tampering With Breathalyzers In 20,000 DWI Cases

"The state police have insisted the part of the calibration process that Dennis skipped is 'legally required but not scientifically necessary.' However, legal experts have voiced concerns about how important every part of the calibration process is, saying that these measures are 'legally required' for good reason. Just a small percentage point on a breathalyzer could mean the difference between freedom and imprisonment."

Continue ReadingCop Arrested for Tampering With Breathalyzers In 20,000 DWI Cases

Trump’s holiday gift is more invasive airport security

"On the campaign trail last year, Donald Trump derided the Transportation Security Administration as a 'total disaster.' But his administration is making TSA more intrusive and abusive while its 42,000 screeners remain as incompetent as ever. New TSA screening guidelines will likely make Thanksgiving travel a disaster for legions of Americans — and the worst is yet to come."

Continue ReadingTrump’s holiday gift is more invasive airport security

Paul Craig Roberts: Who Gets to Push the Nuclear Button?

"The purpose of diplomacy is to prevent war. However, ever since the Clinton regime attacked Serbia, US diplomacy has been used to cause wars. During the 16-years of George W. Bush and Obama the US destroyed in whole or part seven countries, killing and maiming millions of peoples and producing millions of refugees. Not a single one of these wars was justified. Everyone of these wars was based in lies. Before launching each of these acts of unprovoked aggression, Washington demonized the leader of the country. To get rid of one person, Washington did not flinch at murdering large numbers of people and destroying the infrastructure of the country. This tells you that Washington has no morality. None. Zilch. Therefore, Washington is capable of launching a preemptive nuclear strike."

Continue ReadingPaul Craig Roberts: Who Gets to Push the Nuclear Button?

Why Didn’t “60 Minutes” Mention The U.S. Is Fueling the Yemen Conflict?

"The program featured imagery of starving children and interviews with displaced people, all obtained after Saudi Arabia blocked '60 Minutes' from entering the country. The program did not once mention that Saudi Arabia is a U.S. ally, and that U.S. support is essential for the Saudi campaign to continue. For two-and-a-half years, the U.S. government has backed Saudi Arabia’s intervention in Yemen every step of the way. The United States has dispatched warships to reinforce the blockade. It has refueled Saudi planes, sent the Saudi military targeting intelligence, and resupplied them with tens of billions of dollars worth of bombs."

Continue ReadingWhy Didn’t “60 Minutes” Mention The U.S. Is Fueling the Yemen Conflict?

First Long-Term LedgerX Bitcoin Option Pegs Price at $10,000

"Called a Long-Term Equity Anticipation Security (LEAPS), the trade was matched by the platform this morning and is set to expire on December 28, 2018. Such long term futures options have long been seen in the industry as a much needed sign of maturity, and could in part help pave the way for even more institutional money to enter the space."

Continue ReadingFirst Long-Term LedgerX Bitcoin Option Pegs Price at $10,000

China’s Record Yield Curve Inversion “Spells Disaster”

"The Chinese yield curve has now been inverted for 10 straight days - the longest period of inversion ever. Qin Han, chief fixed-income analyst at Guotai Junan Securities Co., doesn’t mince his words when it comes to the rout in Chinese bonds. 'Considering the pace of the slump, which is very fast, it’s fair to say we are likely in a bond disaster...'"

Continue ReadingChina’s Record Yield Curve Inversion “Spells Disaster”