statism

Fed Officials Recognized Upcoming 2007 Crisis But Weren’t Worried

"Federal Reserve officials in August 2007 saw the beginnings of the crisis in subprime mortgages and concluded that the U.S. economy would be able to withstand it, even as some Fed members warned that it could trigger a downturn, transcripts from their 2007 meetings show. The transcripts show the committee's slow grasp of the enormity of contagion that was to spread throughout global markets as a result of billions of dollars in low-quality housing assets that had been securitized into bonds and sold to banks and investors worldwide. The FOMC focused on the economy's performance and showed reluctance to alter policy until August." Continue reading →

Continue ReadingFed Officials Recognized Upcoming 2007 Crisis But Weren’t Worried

India hikes import tax on gold by 50%

"India raised the import tax on gold to 6% from 4%, a senior finance ministry official said, as the world's top gold buyer aimed to curb purchases and rein in its ballooning current account deficit. India's passion for gold, seen by many as a hedge against persistently high inflation, has contributed to a rise in its current account deficit, which reached an all-time high of 5.4 percent of GDP in the July-September quarter. The shortfall has increased India's need for foreign capital inflows and evoked memories of the 1991 balance of payments crisis, when the central bank sent 47 tonnes of gold to Europe as collateral for a loan to avert a sovereign default." Continue reading →

Continue ReadingIndia hikes import tax on gold by 50%

Two Chess Moves Away from Capital Controls

"Is it really so far-fetched to think politicians wouldn't somehow restrict the movement of gold if their currencies and/or economies were failing? Transferring dollars internationally would certainly be tightly restricted as well. Moving almost any asset across borders could be declared illegal. Even your movement outside your country could come under increased scrutiny and restriction. The hint that all this is about to take place would be when politicians publicly declare they would do no such a thing. You could quite literally have 24 hours to make a move. Even the most nimble of us would have a very hard time making arrangements." Continue reading →

Continue ReadingTwo Chess Moves Away from Capital Controls

Marine recruiter ‘sexually assaulted two teen recruits’ at his office and home where he lives with wife and two children

"One of the victims, a 17-year-old girl who was not named, told the station that she had met Percival four or five times to discuss joining the Marine Corps. She said that early Sunday morning Percival forced her to have oral sex with him and threatened to kill her if she told anyone. Another recruit, a friend of the first alleged victim, said that Percival had asked her to show him her breasts and give him oral sex when she visited the recruiting office he worked at." Continue reading →

Continue ReadingMarine recruiter ‘sexually assaulted two teen recruits’ at his office and home where he lives with wife and two children

US Stem Cell Company Heads to Mexico After FDA Reprimand

"The attack on stem cell research has driven at least one regenerative medicine company to seek friendlier climes south of the border. Six months after the federal government forced it to stop its treatments, the Houston-based Celltex Therapeutics moved its operations to Mexico to avoid the long arm of the law. In moving to Mexico, Celltex enters a country where stem cell research is not as heavily regulated as in the U.S, though a facility is required to have an International Health Department Permit (COFEPRIS). The permit allocates the use of stem-cell types beyond those in the U.S." Continue reading →

Continue ReadingUS Stem Cell Company Heads to Mexico After FDA Reprimand

IRS: Cheapest Obamacare Plan Will Cost $20,000 per Family by 2016

"The Internal Revenue Service issued a report Wednesday in which it estimated that under Obamacare, the least expensive health insurance plan available to a family in 2016 would cost $20,000 annually according to CNSNews.com. Under the Patient Protection and Affordable Care Act all U.S. citizens are required to have health insurance, either through their employer or by purchasing it directly from the government. Individuals who don't have it by 2016 face a penalty amounting to either 2.5 percent of a person's taxable income or approximately $2,000 per family, depending on their income." Continue reading →

Continue ReadingIRS: Cheapest Obamacare Plan Will Cost $20,000 per Family by 2016

Report details ‘callous’ lack of sexual assault investigation by D.C. police

"Victims of sexual assault in Washington DC too often endure 'callous and traumatising' treatment from the police while attacks are dismissed on the spot and never investigated, according to a bombshell report. More than 40% of reviewed cases of sexual assault reported to the police by the city’s central hospital, after victims received forensic examinations, 'appear never to have been investigated' or even documented by the MPD, today’s report says." Continue reading →

Continue ReadingReport details ‘callous’ lack of sexual assault investigation by D.C. police

“Gun Violence”: The “National Conversation” We Won’t Have

"According to Clarence Dupnik – the craven, dim-witted functionary who presides over the Pima County Sheriff’s Office – about fifty SWAT raids of the kind that led to the murder of Jose Guerena occur within his jurisdiction every year, which is shocking. In Baltimore County, Chief Johnson’s Einsatzgruppen conduct more than 120 attacks of that kind annually, which are among the 1,600 military assaults carried out in Maryland each year, a figure that is genuinely horrifying. Gun-related violence by government-licensed killers is ubiquitous – and it is also a forbidden subject in the 'national conversation' our rulers have orchestrated for their benefit." Continue reading →

Continue Reading“Gun Violence”: The “National Conversation” We Won’t Have

“Gun Violence”: The “National Conversation” We Won’t Have

"According to Clarence Dupnik – the craven, dim-witted functionary who presides over the Pima County Sheriff’s Office – about fifty SWAT raids of the kind that led to the murder of Jose Guerena occur within his jurisdiction every year, which is shocking. In Baltimore County, Chief Johnson’s Einsatzgruppen conduct more than 120 attacks of that kind annually, which are among the 1,600 military assaults carried out in Maryland each year, a figure that is genuinely horrifying. Gun-related violence by government-licensed killers is ubiquitous – and it is also a forbidden subject in the 'national conversation' our rulers have orchestrated for their benefit." Continue reading →

Continue Reading“Gun Violence”: The “National Conversation” We Won’t Have