statism

Why Police Lie Under Oath

"Are police officers necessarily more trustworthy than alleged criminals? I think not. Not just because the police have a special inclination toward confabulation, but because, disturbingly, they have an incentive to lie. In this era of mass incarceration, the police shouldn’t be trusted any more than any other witness, perhaps less so. Agencies receive cash rewards for arresting high numbers of people for drug offenses, no matter how minor the offenses or how weak the evidence. Law enforcement has increasingly become a numbers game. And as it has, police officers’ tendency to regard procedural rules as optional and to lie and distort the facts has grown as well." Continue reading →

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Murray Sabrin: Cuba, part two, the economy

"Castro’s dream for Cuba turned into a nightmare in the early 1990s with the collapse of the Soviet Union and the liberation of Eastern Europe. Cuba’s GDP plunged at least 35% in two years. The Cuban crisis caused its leaders to do some soul searching: how do they adhere to the goals of The Revolution without the subsidies that were masking the inherent flaws of its collectivist experiment. Without the infrastructure—economic, financial, legal, and social institutions to deliver the goods and services to the people–Cuba has slowly been transforming itself into a mixed economy a la the United States and the rest of the developed nations of the world." Continue reading →

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Central Bank Snuffs Out Vietnam’s Thriving Gold Market

"There is such a demand to hold gold in Vietnam that the public is now holding some 300 to 500 tons of gold, totaling U.S $30 billion. Recently, however, the Vietnamese central bank disallowed loans in gold. Now, it is preventing banks from paying interest to customers on their gold. Instead, it is forcing banks to charge customer to store their gold, and requiring banks to regularly report on their transactions with account holders. What’s happening is that the government wants to prevent citizens from using alternatives to its own quickly devaluing currency. This, way, the government can continue to steal purchasing power from its citizens through inflation." Continue reading →

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Vietnam attempts to address ‘long illness’ of public sector

"State-owned enterprises have racked up some $61 billion of debt which represents more than half of total public debt in Vietnam. Several of the SOEs have already collapsed in spectacular fashion, including shipping giants Vinashin — which ran up $4.4 billion of losses — and Vinalines, which has defaulted on payments of some $1.1 billion. Experts say the SOEs have become expert at hiding their debts, have incomprehensible strategies, hazardous investments in non-core sectors which are cunningly designed to circumvent government regulations. The top officials running the companies frequently flaunt lifestyles incompatible with their official remuneration." Continue reading →

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Vietnam jails 22 activists for subversion

"The 22 were accused of running a 'reactionary' group disguised as an eco-tourism operator, which produced documents 'slandering' the regime and distorting its guidelines and policies, according to state media. Dozens of activists have been jailed since Vietnam — a one-party state that forbids political debate — began a new crackdown on free expression in late 2009. Prime Minister Nguyen Tan Dung ordered a new crackdown on online dissent, telling authorities to fight against anyone using the Internet to 'defame and spread propaganda against the party and state'. Vietnam bans private media and all newspapers and television channels are state-run." Continue reading →

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The Communist Romania Exit Tax

"In order to receive a visa for permanent non-citizen residence in the U.S., I had to pay a tax for all the government benefits I had received in my first twenty years of life, schooling, medical care, subsidized concrete block housing, pot-holed road use, constant police surveillance, and other 'services' I was not even aware existed or received. I was worried since I had no penny to my name and I knew I would not be able to leave without paying. The final figure was provided to me after months of deliberation and computation by the communist party apparatchiks – my freedom was worth exactly $160 U.S. dollars. I owned a Japanese boom box which I sold quickly for $160." Continue reading →

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Chief Greek Statistician Threatened with Jail For Revealing True Size of Deficit

"At a time when the rest of the world was furious that Greece had artificially improved the country's budget statistics, Greek prosecutors are accusing Georgiou of doing the opposite. Prosecutors acted after a 15-month investigation into allegations made by a former ELSTAT board member. If found guilty, Georgiou faces five to 10 years in prison. Some argue that the technocrat Georgiou was serving his former superiors at the IMF and the European statistics agency Eurostat, which is led by a German. This theory holds that Greece was to be brought to its knees by imposing harsh austerity measures based on bloated deficit figures." Continue reading →

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Japan’s economic minister wants Nikkei to surge 17% to 13,000 by March

"Economic and fiscal policy minister Akira Amari said Saturday the government will step up economic recovery efforts so that the benchmark Nikkei index jumps an additional 17 percent to 13,000 points by the end of March. 'We want to continue taking (new) steps to help stock prices rise' further, Amari stressed, referring to the core policies of the Liberal Democratic Party administration — the promotion of bold monetary easing, fiscal spending and greater private sector investment." Continue reading →

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Greeks strip country for scrap cash

"Train lines, bridges, cables and even cemeteries have all been targeted for scrap to feed a market driven by China and India. Police now arrest an average of four metal thieves every day, compared to a few cases every month before the crisis started in late 2009. The profile of the metal thief is also changing, authorities say, from gypsies and immigrants living on the margins of society to mainstream Greeks who have fallen on hard times. Athens' nine-year-old light rail system has been a prime magnet for metal robbers, with at least five major disruptions reported in the past six months due to cable theft." Continue reading →

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Venezuelan devaluation sparks panic buying

"Panic buyers thronged Venezuelan shops over the carnival weekend after the government of Hugo Chavez announced a surprise devaluation. Domestic appliances such as fridges and cookers were in particularly high demand as Venezuelans snapped up goods imported at the now-defunct exchange rate of 4.3 bolívars per dollar. From now on they will be imported at 6.3 bolívars per dollar. Opposition politicians seized on what is Venezuela's fifth devaluation since strict currency controls were introduced in 2003, criticising the socialist government for quietly announcing it on Friday while people headed for the beach over the holiday." Continue reading →

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