Mad Statists

Humorless Ohio AG mugs ‘prescription’ coffee cup

"Has Ohio Attorney General Mike DeWine helped get a potentially dangerous product off the shelves or does he just have no sense of humor? Maybe he should be heeding Alcoholics Anonymous’ famous Rule No. 62: 'don’t take yourself too damn seriously.' Here’s the issue: does a coffee mug that mimics a prescription bottle and says 'Prescription Coffee, RX#: VRY-CAF-N8D, Drink one mug by mouth, repeat until awake and alert' make fun of prescription drug abuse? DeWine thinks so. May was when DeWine and 22 other state attorneys general asked the company to pull the Prescription Line of glasses, coasters, mugs and drink holders." Continue reading →

Continue ReadingHumorless Ohio AG mugs ‘prescription’ coffee cup

Argentine president battles inflation by launching government clothing line

"Just in the last few years, she’s imposed capital controls. Media controls. Price controls. Export controls. She’s seized pension funds. She fired a central banker who didn’t bend to her ‘print more money’ directives. She even filed criminal charges against economists who publish credible inflation figures. Even Cristina acknowledges that prices are way too high. But rather than rein in spending and stop the money printing, she’s digging her high heels in even further by launching a new clothing line. This new brand– NYP will be owned and run by the government, selling everything from jeans to shirts to shoes at prices below 100 pesos (less than $20 officially)." Continue reading →

Continue ReadingArgentine president battles inflation by launching government clothing line

Saudi prince sues Forbes after it says he’s only worth $20 billion

"Saudi billionaire Prince Alwaleed bin Talal has sued Forbes magazine for libel in a British court, alleging its valuation of his wealth at $20 billion was short of the mark by $9.6 billion. The prince, a grandson of Saudi Arabia’s founder and nephew of King Abdullah, had attacked the US magazine’s ranking of world billionaires as flawed and biased against Middle Eastern businesses. Through his Kingdom Holding Company, Prince Alwaleed owns large stakes in Citigroup, News Corp and Apple Inc, among other companies. He is also owner or part-owner of luxury hotels including the Plaza in New York, the Savoy in London and the George V in Paris." Continue reading →

Continue ReadingSaudi prince sues Forbes after it says he’s only worth $20 billion

Saudi prince sues Forbes after it says he’s only worth $20 billion

"Saudi billionaire Prince Alwaleed bin Talal has sued Forbes magazine for libel in a British court, alleging its valuation of his wealth at $20 billion was short of the mark by $9.6 billion. The prince, a grandson of Saudi Arabia’s founder and nephew of King Abdullah, had attacked the US magazine’s ranking of world billionaires as flawed and biased against Middle Eastern businesses. Through his Kingdom Holding Company, Prince Alwaleed owns large stakes in Citigroup, News Corp and Apple Inc, among other companies. He is also owner or part-owner of luxury hotels including the Plaza in New York, the Savoy in London and the George V in Paris." Continue reading →

Continue ReadingSaudi prince sues Forbes after it says he’s only worth $20 billion

Federal food stamp recruiters operate on monthly quota system

"She curled her hair and painted her nails fluorescent pink. 'A happy, it’s-all-good look,' she said, checking her reflection in the rearview mirror. Then she drove along the Florida coast to sign people up for food stamps. It is Nerios’s job to enroll at least 150 seniors for food stamps each month. The job also has a second and more controversial purpose for cash-strapped Florida, where increasing food-stamp enrollment has become a means of economic growth, bringing almost $6 billion each year into the state. The money helps to sustain communities, grocery stores and food producers. It also adds to rising federal entitlement spending and the U.S. debt." Continue reading →

Continue ReadingFederal food stamp recruiters operate on monthly quota system

Expansionist Madness in the House Regarding Israel

"I think every part of this is unconstitutional, stupid and crazy, but that's the nature of voting, politics and lobbying in this U.S. government. Everyone who voted 'Yes' on this should be voted out of office. The House of Representatives passed an amendment (315 to 108) to the National Defense Authorization Act that says 'It is the policy of the United States to take all necessary steps to ensure that Israel possesses and maintains an independent capability to remove existential threats to its security and defend its vital national interests.' This amendment provides Israel with important benefits that the 50 states get, but without paying any of the costs." Continue reading →

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Rep. Peter King calls Rand Paul’s remarks on Snowden ‘absolutely disgraceful’

"'I think it is important for the American people to realize that this guy is a traitor, a defector, he’s not a hero,' the congressman added. 'And I heard Senator Rand Paul this morning actually compared Snowden to General Clapper. What’s happened to our country? This is a traitor, and for anyone to be comparing him to a U.S. military hero is absolutely disgraceful.' Speaking with CNN’s Candy Crowley, Sen. Rand Paul (R-KY) said that National Intelligence director James Clapper 'lied in Congress in defiance of the law in the name of security,' while 'Snowden told the truth in the name of privacy.'" Continue reading →

Continue ReadingRep. Peter King calls Rand Paul’s remarks on Snowden ‘absolutely disgraceful’

Why Is No One Listening to the US Government?

"When Snowden reports on his government’s abuses, however, he is charged with espionage – of aiding the enemy. But who is the enemy? Likewise, the US media dutifully repeats attacks on Snowden by US politicians for seeking asylum in countries whose media does not get a clean bill of health from the US State Department. The irony of such a position escapes the US mainstream media, which has long ago traded real investigative reporting for reading out government talking points. So the US government finds itself powerless to demand that the rest of the world do as it demands. It attacks at home that which it promotes overseas." Continue reading →

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Paul Craig Roberts: Washington Is Driving The World To The Final War

"It is not possible for a true patriot to support a government that destroys the Constitution. The United States is the Constitution. Our country is not the Obama regime, the Bush regime, or some other administration. Our country is the Constitution. The Constitution is our country. Beyond obligations to one’s own country, all humans have a responsibility to human life itself. Washington’s puppet states, such as the NATO countries, Japan, and Colombia, by providing cover and support for Washington’s aggression are enabling Washington to drive the world into World War III." Continue reading →

Continue ReadingPaul Craig Roberts: Washington Is Driving The World To The Final War

QE Won’t End—It Will Increase

"Bernanke and the Fed are going to reconsider the end of QE, and then decide against it. And eventually, if yields continue to rise (that is, if bond prices continue to fall), Benny and the Fed will up the dosage on the QE. Whatever it takes to keep yields down and interest rates low. Remember, Bernanke and the Fed are convinced that higher interest rates will kill any sustained recovery. Nothing will shake them from that idée fixe. Therefore they will do anything to prevent high interest rates—including walking back this talk of ending QE, and upping the dosage as need be to achieve their goal of sustained, consistent zero-percent interest." Continue reading →

Continue ReadingQE Won’t End—It Will Increase