Mad Statists

NYPD Spent 1 Million Hours Making 440,000 Marijuana Possession Arrests Over Last Decade

"The NYPD spent 1 million hours making 440,000 arrests for low-level marijuana possession charges between 2002 and 2012, according to a new report released Tuesday -- just as legislative leaders in Albany are deciding whether to pass a bill reforming drug laws. The NYPD did not immediately respond to a request for comment on the Drug Policy Alliance's numbers. Activists have been sharply critical of Bloomberg's record on marijuana, pointing out that during his tenure, the NYPD has arrested more New Yorkers for marijuana possession than the last three mayors combined." Continue reading →

Continue ReadingNYPD Spent 1 Million Hours Making 440,000 Marijuana Possession Arrests Over Last Decade

Man’s Home Raided After Son’s Facebook Picture Shows Gun

"After seeing a photo of an 11-year-old boy holding a rifle on Facebook (photo shown cropped at right), New Jersey police and Department of Children and Families officials raided the home of the boy’s father, Shawn Moore, a firearms instructor. Moore was not arrested or charged, but immediately sought the counsel of his lawyer. Moore is a certified firearms instructor for the National Rifle Association, an NRA range safety officer, and a New Jersey hunter education instructor. He posted a photograph of his son wearing camouflage and holding his .22 rifle. The boy has a New Jersey hunting license and has passed the state’s hunter safety course." Continue reading →

Continue ReadingMan’s Home Raided After Son’s Facebook Picture Shows Gun

The Head of the Cyprus Central Bank is Named Panicos (Panic Us).

"Now the government must open the banks’ doors with no bailout from the EuroGroup, the officially unnamed group of eurozone finance ministers. Cypriots will be able to pull euro currency out of the banks. That will force the Cypriot banks to sell assets. Their value will fall. They will not be able to cover these losses for long — a few weeks. Maybe less. Would you keep your money in a banking system that needs a bailout? Wait a minute. You already do. So do I. Cyprus was the first system to get to the edge of the abyss." Continue reading →

Continue ReadingThe Head of the Cyprus Central Bank is Named Panicos (Panic Us).

Daylight robbery in Cyprus will come to haunt EMU

"The decision to expropriate Cypriot savers – even the poorest – was imposed by Germany, Holland, Finland, Austria, and Slovakia, whose only care at this stage is to assuage bail-out fatigue at home and avoid their own political crises. The EU creditor states have at a single stroke violated the principle that insured EU bank deposits of up $100,000 will be guaranteed come what may, and in doing so they have more or less thrown Portugal under a bus. They appear poised to seize large sums from Russian banks – €1.3bn from state-owned VTB alone, and therefore from the Kremlin." Continue reading →

Continue ReadingDaylight robbery in Cyprus will come to haunt EMU

Economists warn Cyprus will face a recession ‘for decades’ after EU deposit tax

"The controversial tax is seen hitting Russian pockets hard, with experts estimating that Russian deposits in Cypriot banks amount to at least 15.4 billion euros of the estimated 67 billion euros of deposits held by Cyprus banks. Russian President Vladimir Putin criticised the proposed tax, describing it, according to a Kremlin spokesman, as 'unfair, unprofessional and dangerous'. Russian Prime Minister Dmitry Medvedev was equally forthright. 'We should say this directly: this simply looks like the confiscation of other people’s money,' Russian news agencies quoted him as saying. 'I do not know who the author of this idea is, but this is what it looks like.'" Continue reading →

Continue ReadingEconomists warn Cyprus will face a recession ‘for decades’ after EU deposit tax

Report: Obama officials issued $216 billion in regulations last year

"The Obama administration issued $236 billion worth of new regulations last year, according to a report from a conservative think tank. The analysis from the American Action Forum, led by former Congressional Budget Office Director Douglas Holtz-Eakin, found that the administration added $216 billion in rules and more than $20 billion in regulatory proposals in 2012. Complying with those rules will require an additional 87 million hours of paperwork, the report said. The group put the total price tag from regulations during Obama’s first term at more than $518 billion." Continue reading →

Continue ReadingReport: Obama officials issued $216 billion in regulations last year

An Orwellian America

"We have been gradually disempowered by a corporate state that, as Huxley foresaw, seduced and manipulated us through sensual gratification, cheap mass-produced goods, boundless credit, political theater and amusement. Now that credit is drying up, good jobs for the working class are gone forever and mass-produced goods are unaffordable, we find ourselves transported from 'Brave New World' to '1984.' The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy." Continue reading →

Continue ReadingAn Orwellian America

Euro Minister Doesn’t Rule Out Taxes on Bank Deposits Beyond Cyprus

"Anxious depositors drained cash from automated teller machines in Cyprus over the weekend, hours after European officials in Brussels required that part of a new €10 billion bailout be paid for directly from the bank accounts of ordinary savers. The decision — a first in the three-year-old European financial crisis — raised questions about whether bank runs could be set off elsewhere in the euro zone. Jeroen Dijsselbloem, the president of the group of euro area ministers, declined Saturday to rule out taxes on depositors in countries beyond Cyprus, although he said such a measure was not currently being considered." Continue reading →

Continue ReadingEuro Minister Doesn’t Rule Out Taxes on Bank Deposits Beyond Cyprus

What to Keep in Mind about the Tax on Cyprus Bank Deposits

"Those who lent money to Cyprus’s banks by buying their debt rather than by depositing money at the banks, will suffer no losses at all. Those who lent money to the insolvent Cypriot government, will be paid off at 100 cents on the euro. In other words, the banksters are protected. Only depositors with banks will suffer losses in this International Monetary Fund engineered plan. It's as blatant example of who the IMF really works for. This is not the liquidation of a bad system. It is an attempt to protect the crony system and the banksters who are part of it. It is a tax on the 'little people' who keep their funds in the form of deposits, rather than bonds." Continue reading →

Continue ReadingWhat to Keep in Mind about the Tax on Cyprus Bank Deposits