Mainstream News

The condemned coca leaf: One standard for a major soft drink, another for people

"Efforts to kill the cocaine trade have haphazardly and heartlessly cracked down on anyone and everyone who produces or enjoys the unadulterated leaf. A 1961 agreement called the Single Convention on Narcotic Drugs, still in effect around the world, orders people to stop chewing the leaves and mandates the destruction of all wild coca bushes. The Single Convention was adopted after years of negotiations led in great part by Harry J. Anslinger, who Anslinger had a strange relationship with the coca plant: spearheading its prohibition while simultaneously ensuring access to the leaf for a single, powerful consumer, The Coca-Cola Company." Continue reading →

Continue ReadingThe condemned coca leaf: One standard for a major soft drink, another for people

Obama picks Goldman Sachs exec for ambassador to Canada

"U.S. President Barack Obama has selected a partner at the investment firm of Goldman Sachs in Chicago to be the new U.S. ambassador to Canada, CBC News has learned. Sources tell CBC News Network's Power & Politics that Bruce Heyman has accepted the job but still has to pass a vetting process in order to be be formally nominated. His confirmation will be up to the U.S. Congress. Well known as a high-level fundraiser to Barack Obama, Heyman and his wife Vicki, also a fundraiser, raised more than $1 million for Obama and were on his national finance committee. Heyman runs the private wealth fund at Goldman Sachs." Continue reading →

Continue ReadingObama picks Goldman Sachs exec for ambassador to Canada

Ex-Goldman Sachs trader charged with $118 million trading fraud

"A former trader with US banking giant Goldman Sachs was arrested Wednesday on criminal charges of fraud linked to a scheme to hide an $8 billion futures bet, officials said. The federal prosecutor’s office in Manhattan said Taylor was due to appear before a judge on the charges 'in connection with a scheme to accumulate and conceal an unauthorized $8 billion position in a trading account that he managed at Goldman, Sachs & Co.' In November, the Commodities Futures Trading Commission filed a civil suit accusing Taylor of defrauding his employer 'by intentionally concealing… the true huge size, as well as the risk and potential profits or losses associated.'" Continue reading →

Continue ReadingEx-Goldman Sachs trader charged with $118 million trading fraud

Fannie Mae record profit: How long until it pays back bailout money?

"The firm, along with a sibling corporation named Freddie Mac, is at the heart of a US mortgage market that imploded during the financial crisis. The two firms received some of the biggest taxpayer bailouts in 2008. But now, as housing markets are recovering, so are their fortunes. Fannie Mae has drawn some $116 billion in financial support from the US Treasury since the firm was taken over in a federal conservatorship in 2008. Some $35.6 billion of that has, in effect, been paid back through dividend payments to the Treasury since 2009. Executives at Fannie and Freddie are touting the role they’ve played in buoying the housing market since the recession ended." Continue reading →

Continue ReadingFannie Mae record profit: How long until it pays back bailout money?

GM, Ford and Chrysler post best U.S. sales since 2007

"General Motors, Ford and Chrysler reported their best US sales performances since 2007 on Tuesday amid booming overall auto demand following the US industry’s near-collapse five years ago. Total industry sales rose 3.4 percent from March 2012 and came in at a seasonally adjusted, annual pace of 15.3 percent, according to Autodata. The strong sales come after years of painful restructuring and the plunge in demand following the 2008 financial crisis, which pushed GM and Chrysler into government-backed bankruptcies." Continue reading →

Continue ReadingGM, Ford and Chrysler post best U.S. sales since 2007

Pawn Stars Rick Harrison tells how the feds are keeping him from filming on govt land

"I’ve been watching Pawn Stars for a while now and I love the show. I’ve sat for hours in front of the TV watching rerun after rerun until I think I’ve just about seen them all. Tonight Rick Harrison was on Mark Levin’s radio show said he had a great idea to film out in Southern California at the Glamis Sand Dunes. He’d be employing around 100 or so people to film the show and had all kinds of ideas as to what he could do. But it’s on federal government land run by the BLM (Bureau of Land Management) so he had to apply for a permit to film there. He said he just found out yesterday that he was denied, and the reason they gave him was ‘budget cuts’." Continue reading →

Continue ReadingPawn Stars Rick Harrison tells how the feds are keeping him from filming on govt land

Jeff Berwick on FOX Business: Varney and Co. talking Bitcoin ATM

"Jeff Berwick is on FOX Business: Varney and Co. discussing the value of Bitcoin and his recently announced BitcoinATM project set to launch in Cyprus very soon. Read more about BitcoinATM at www.BitcoinATM.com and read the original press release at The Dollar Vigilante: http://dollarvigilante.com/blog/2013/3/25/worlds-first-bitcoin-atm-is-announced-first-location-cyprus.html " Continue reading →

Continue ReadingJeff Berwick on FOX Business: Varney and Co. talking Bitcoin ATM

Retroactive California tax terrifies tech

"Entrepreneurs and investors in California can expect to receive a rude shock in the mail if they sold their company in the last four years. Not only did the state's Franchise Tax Board (FTB) eliminate a tax break on capital gains for small business owners and investors, it announced the tax would be reinstated retroactively. This means those who benefitted from the break can expect a bill for unpaid taxes, plus interest, stretching all the way back to 2008. Now, not only will stockholders have to pay the full tax rate on capital gains, which has risen to about 13%, but they'll also be billed retroactively for 50% of the taxes they excluded." Continue reading →

Continue ReadingRetroactive California tax terrifies tech

Feds Offering $48/hr To Obamacare ‘Navigators’ Who Can Actually Explain Obamacare

"As part of new regulations to assist Americans choose the right Obamacare options for their families and needs, officials are scouring the country for what they call 'navigators.' In some cases, these navigators can earn up to $48 an hour – a far cry from the standard minimum wage of $7.25 — all to assist consumers in getting a better understanding of the benefits they are signing up for. From translating in their preferred language to breaking down jargon, navigators will basically navigate you through the so-called ‘Obamacare experience.’" Continue reading →

Continue ReadingFeds Offering $48/hr To Obamacare ‘Navigators’ Who Can Actually Explain Obamacare

McDonald’s want ad demands bachelor’s degree, two years experience for cashier

"With colleges producing more graduates, and youth unemployment at a sky-high 11.5 percent, even landing a job selling Big Macs is getting competitive. Consider: A job opening at a Massachusetts McDonald's restaurant for a full-time cashier requires one to two years experience and a bachelor's degree. 'Get a weekly paycheck with a side order of food, folks and fun,' offered McDonalds. It is not clear if the fast-food restaurant really wants that kind of experience or is fishing for the highest-qualified applicants. The website for the Winchedon, Mass., McDonald's also lists jobs in Spanish." Continue reading →

Continue ReadingMcDonald’s want ad demands bachelor’s degree, two years experience for cashier