Middle Class Dismissed

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

Scientist calls for caffeine to be a regulated substance

"Jack E. James argued in an editorial published Monday that researchers and lawmakers alike need to take a look at caffeine-related deaths and near-deaths. 'Armed with improved knowledge of caffeine toxicity and faced with extensive evidence of substantial harm to public health, today’s authorities appear more perplexed and less decisive than their counterparts of more than a century earlier,' James continued. 'In light of current international befuddlement and inaction, legislators, policy makers, and regulators of today confront a stark question — how many caffeine-related fatalities and near-misses must there be before we regulate?'" Continue reading →

Continue ReadingScientist calls for caffeine to be a regulated substance

One More Life Ruined By The Drug War

"Let’s recap what Gerson did not do. He didn’t murder, rob, burglarize, steal, or initiate any other type of force against other people. That is, he didn’t do anything to violate anyone else’s rights. If he were an alcoholic, there wouldn’t a problem. The hive masters say that while alcoholism is harmful, they’re not going to punish people for it. The reason is because mainstream Americans, including plenty of lawyers and judges, love their booze. The punishment of Marc Gerson illustrates the complete horror story that the drug war has become. Gerson no more belongs in jail than, say, President Obama, who himself has admitted to ingesting illicit drugs." Continue reading →

Continue ReadingOne More Life Ruined By The Drug War

Feds Give Up Trying to Seize a Motel Based on Drug Offenses by a Few Guests

"Today the U.S. Attorney's Office in Boston said it will not appeal a ruling that blocked the federal government's attempt to seize and sell a family-owned motel in Tewksbury, Massachusetts, based on drug offenses committed by a tiny fraction of the people who stayed there. The government conceded that the owner, Russell Caswell, did not participate in those crimes and was not aware of them at the time, but it argued that he was 'willfully blind' to them." Continue reading →

Continue ReadingFeds Give Up Trying to Seize a Motel Based on Drug Offenses by a Few Guests

Official Inflation Measure Shows Strongest Climb in More Than Three Years

"U.S. consumer prices rose 0.7% in February for the largest gain since June 2009. Gasoline prices rose 9.1%, also making the largest jump since June 2009. The indexes for electricity, natural gas, and fuel oil also increased, leading to a 5.4 percent rise in the energy index. Among major grocery store food group indexes, the fruits and vegetables index rose 1.4 percent, with both the fresh fruits and fresh vegetables indexes increasing 1.8 percent. The index for meats, poultry, fish, and eggs also rose in February, increasing 0.5 percent." Continue reading →

Continue ReadingOfficial Inflation Measure Shows Strongest Climb in More Than Three Years

India enacts law to enforce ‘Know Your Customer’ norms for Gold purchases

"World's largest gold consumer India enacted a law making it mandatory for jewellers to collect a KYC (know your customer) document from every customer purchasing jewellery worth Rs 50,000. India made an amendment to extend the purview of the Prevention of Money Laundering (PML) Act to enforce Know Your Customer norms for retail purchases of gold and precious stones. Indian authorities hope this move will eventually cut down gold imports which is responsible for country's staggering current account deficit (CAD)." Continue reading →

Continue ReadingIndia enacts law to enforce ‘Know Your Customer’ norms for Gold purchases

Obama couldn’t eat at Hill meeting without food ‘taster’

"Following President Obama’s lunch meeting with Senate Republicans on Capitol Hill, Maine Republican Senator Susan Collins described the food served and said the president was not able to eat since his 'taster' was not present. 'He looked longingly at it,' Collins continued. 'He honestly did look longingly at it, but apparently he has to have essentially a taster, and I pointed out to him that we were all tasters for him, that if the food had been poisoned all of us would have keeled over so, but he did look longingly at it and he remarked that we have far better food than the Democrats do, and I said that was because I was hosting.'" Continue reading →

Continue ReadingObama couldn’t eat at Hill meeting without food ‘taster’

Police Cited Homeless Veteran For Dumpster Diving In Search For Food

"They’ve traveled many different roads with all of them leading to the same destination – a place called homelessness. James Kelly, 44, is no exception. 'James Kelly is a nine-year veteran of the Navy, who has fallen on hard times,' said Randall Kallinen, a civil rights attorney. Those hard times recently got even harder, when Kelly was issued a citation as he foraged for food in a trash bin on Bagby Street. 'The mayor is shutting down feeding the homeless,' said Deborah Girton, who is also homeless. Critics point to a city ordinance passed last summer that places restrictions on good Samaritans and how many people they can feed." Continue reading →

Continue ReadingPolice Cited Homeless Veteran For Dumpster Diving In Search For Food

Nigel Farage: Eurozone completely incompatible with nation-state democracy

"There has been a major political event since we last met and no one has mentioned it. Italy had an election. And 55% of the electorate voted for Eurosceptic political parties, indeed Mr Grillo's movement managed to get 26%. It is quite tough in European politics these days to tell who the comedians are. And what is absolutely clear is that Eurozone membership is completely incompatible with nation-state democracy. You can do what you like to take away the powers of national parliaments but people will go on voting, and there is a trend developing right across Europe; the Eurosceptic parties are going to get stronger and stronger." Continue reading →

Continue ReadingNigel Farage: Eurozone completely incompatible with nation-state democracy

Popularity of French President Francois Hollande in Steep Decline

"Since taking office 10 months ago, Hollande has experienced the fastest drop in popularity ever seen in French presidential politics. In June of last year, those who said they had confidence in him numbered between 51 and 63 percent, depending on the polling institute. That number is now 30 to 37 percent, nearing the lowest approval rating of any French president on record: Nicolas Sarkozy in May 2011, at 20 percent. Hollande is struggling to find convicing counterarguments as unemployment has risen to 11 percent, economic data looks more dismal by the week, industrial output is taking a nosedive and a recovery is nowhere to be seen." Continue reading →

Continue ReadingPopularity of French President Francois Hollande in Steep Decline