"Not only are cops protected from most charges of wrongdoing—whether it’s shooting unarmed citizens (including children and old people), raping and abusing young women, falsifying police reports, trafficking drugs, or soliciting sex with minors—but even on the rare occasions when they are fired for misconduct, it’s only a matter of time before they get re-hired again." Continue reading →
"There are numerous reasons why police tend to focus on certain types of law enforcement. Not all of them originate with the police agencies themselves." Continue reading →
"'As for the regime, I am hopeful we will find a way to separate that regime from this system,' Pompeo said. 'The North Korean people I'm sure are lovely people and would love to see him go.'" Continue reading →
"This year the couple had a second son, Hunter. The state also took custody of him. This time they didn't even wait to see how they'd behave as parents: Fabbrini was still in the hospital when they took the boy. One volunteer mediator said she told caseworkers that she believed the couple was capable of raising Christopher. Her conclusion conflicted with the position taken by officials, and subsequently, she says, they told her that her services were 'no longer needed.'" Continue reading →
"China’s securities regulator took the drastic step of banning shareholders with stakes of more than 5% from selling shares for the next six months in a bid to halt a plunge in stock prices that is starting to roil global financial markets. The China Securities Regulatory Commission (CSRC) said on its website late on Wednesday that it would deal severely with any shareholders who violated the rule. The prohibition is also seen applying to foreign investors who hold stakes in Shanghai- or Shenzhen-listed companies, although most of their holdings are below 5%. More than 500 China-listed companies announced trading halts on the Shanghai and Shenzhen exchanges on Wednesday." Continue reading →
"Here’s an illustrative example. Say an individual Detroit homeowner earning $40,000 a year gets a principal reduction of $100,000, roughly the average principal reduction in the National Mortgage Settlement, a previous deal that offered consumer mortgage relief as part of a penalty for bank misdeeds. In the tax year 2014, that homeowner would record an income of $140,000, and their resulting tax bill, according to this calculator, would be $29,693, or nearly three-quarters of the homeowner’s annual income. Homeowners struggling to stay in their homes typically do not carry large amounts of cash reserves to pay off tax bills; they wouldn’t be desperate for mortgage debt relief if they did." Continue reading →
"On October 28th, 2013 international wire fees are going up. This is due to the remittance transfer rule amendment to Regulation E from the Dodd-Frank Act. Ironically, as a ‘consumer protection’ amendment, these new stipulations are suppose to help protect and disclose more information to those that are sending money abroad. The issue is that it really does the opposite of that–it simply makes international wires more expensive at the cost of those who can afford it the least. JP Morgan Chase has announced that they will no longer be offer outbound international wire services in response to this new regulation." Continue reading →
"Yesterday, I reported that JPMorganChase will start to limit cash withdrawals and ban certain business customers from sending international wire transfers, from November 17 onward. Now, word comes via Simon Black that starting October 20th, HSBC USA's Premier clients will have to wait a minimum of five days before transferring funds to their OWN international accounts! This is not good. The cover story for these measures is to 'protect' banks and customers from theft. In reality, this is a major move toward limiting movement of capital overseas." Continue reading →
"Consumers may be headed for trouble when they turn over bank and brokerage pass codes to investment advisers or get pulled into investment scams involving digital currencies, state securities regulators said. The North American Securities Administrators Association said digital currencies, such as Bitcoin, offer consumers another way of paying for goods and services, but they also provide a 'fertile ground for scam artists to capitalize on ... (their) increasing popularity and acceptance.' The association's members include state and provincial regulators in the United States, Canada and Mexico." Continue reading →
"Alissa’s husband Victor, a naturalized citizen from the Dominican Republic, expressed frustration about getting a citation for 'disturbing the peace.' Officer Clark Lund snottily replied: 'If you don’t like it, you know how to leave.' Seconds later, for no identifiable reason, Lund barged into the house, then tasered Victor and his brother, Delosanto after shoving a pregnant woman to the floor and threatening a young mother who was holding a baby. Another officer shoved a 79-year-old grandmother. Two officers responding to Lund’s call for aid invaded a neighbor’s home with guns drawn. At least 11 police cars arrived, closing down the entire block." Continue reading →