Latest Story

Spain misses deadline for new government, June election set

May 3, 2016
ABC News ABC News    
Posted in News

"Spain has missed the deadline for its politicians to form a new government following inconclusive elections held Dec. 20 so King Felipe VI must now dissolve parliament before a new election on June 26. Since no political party had enough support to form a government and all parties failed to reach coalition agreements by midnight Monday — the deadline — the stage is set for an unprecedented repeat of general elections, six months after the previous ballot ended Spain's two-party system." (05/02/16)

http://abcnews.go.com/International/wireStory/spain-misses-deadline-government-june-election-set-38827199  

Venezuela engages witchcraft

May 3, 2016
TimSlagle.com
by Tim Slagle  
Posted in Commentary

"Facing an economic crisis, Venezuela is throwing everything at the wall, in the hopes that something sticks. When a ship is about to sink, everybody races for the lifeboats. When a Government starts to sink, they employ various versions of witchcraft. Printing money is a popular one. Unfortunately, that starts leading to runaway inflation, and the government has to print even more. Rinse, Repeat. There are classic photos of wheelbarrows of cash being taken to market in pre-WWII Germany to buy a loaf of bread. For about twenty five bucks you can get a Trillion Dollar Bill from Zimbabwe." (05/02/16)

http://timslagle.com/comedy/venezuela-engages-witchcraft.html  

WA: SCOTUS rejects challenge to Seattle minimum wage law

May 3, 2016
Reuters Reuters    
Posted in News

"The U.S. Supreme Court on Monday rejected a challenge by business groups to Seattle's law raising its minimum wage to $15 an hour, a move echoed by other locales, in a case focusing on how the ordinance affected local franchises like McDonald's. The Seattle law's supporters hailed the court's action, which left intact a lower court ruling backing the measure, as a defeat for 'the big business lobby' that has taken aim at minimum wage hikes." (05/02/16)

http://www.reuters.com/article/us-usa-court-minimumwage-idUSKCN0XT18Z  

Uber for banks is here and it’s throwing regulators for a loop

May 3, 2016
David Henderson Foundation for Economic Education
by David R Henderson  
Posted in Commentary

"SoFi doesn't take deposits, so it's FDIC-free. The firm isn't a bank, at least in that sense of the word. Instead, SoFi raises money for its loans, most recently $1 billion from SoftBank and the hedge fund Third Point, in exchange for about a quarter of the company. SoFi uses this expanded balance sheet to make loans and then securitize many of them to sell them off to investors so it can make more loans. Yes, this sounds like what was happening before the subprime meltdown. But with a highly tuned algorithm and a carefully selected book of loans, instead of the 'No Doc' free-for-all that caused the financial crisis." (05/02/16)

https://fee.org/articles/uber-for-banks-is-here/  

Statism involves using force

May 3, 2016
Timothy J. Taylor Authority!
by Timothy J Taylor  
Posted in Commentary

"Statist North Carolina Republican senator Richard Burr, together with statist California Democrat senator Dianne Feinstein, are conspiring to make a law that would force tech companies to assist law enforcement agencies in breaking into encrypted electronic devices belonging to suspected criminals or terrorists. You see, the hallmark of statism is using force to accomplish political ends and statists aren't the least bit shy about doing so by violating the United States Constitution. Privacy advocates are criticizing the measure as a grave threat to consumer privacy, and it surely is all of that, but it is also a grave threat to the constitutional rights of business owners." (05/02/16)

http://authoritycon.blogspot.com/2016/05/statism-involves-using-force.html  

Dear Indiana: You’re not getting killed on trade

May 3, 2016
Cato Institute Cato Institute
by Scott Lincicome  
Posted in Commentary

"Trump will spend the next several days cruising around the Hoosier State reciting his usual stump speech about the devastating effects of free trade on the state's manufacturing sector and economy more broadly -- a problem Trump alone (of course) can fix through tariffs and 'better trade deals.' Proof of this devastation once again comes from Trump’s angry references to the now-infamous video showing Carrier management informing some Indiana employees they were moving some production, and production jobs, to Mexico. A simple glance at the facts, however, reveals the Carrier anecdote to utterly unrepresentative of the economic situation in Indiana. Indeed, there may be no state in the country that, at least on paper, should be less amenable to Trump's doomsday message about trade and American manufacturing." (05/02/16)

http://www.cato.org/publications/commentary/dear-indiana-youre-not-getting-killed-trade  

Cheating cops destroy a man; courts now victimizing him further

May 3, 2016
Jim Babka Downsize DC
by Jim Babka  
Posted in Commentary

"Two Joliet cops stopped a car for turning without signaling in the early hours of March 18, 2011. The car's owner, Elijah Manuel, was in the passenger seat. One of the cops pulled him out of the car and forced him to the ground, shouting 'You remember me: I got you now you fucking nigger.' Four more cops arrived. They searched the car, ripping up the floor mats and slashing the steering wheel. Manuel was also searched and cuffed. They found a bottle of vitamins and field tested them. They were not drugs. The cops lied about the results, saying the pills tested positive for ecstasy. They arrested Manuel. The vitamins failed another drug test at the station. Instead of releasing Manuel, the police further falsified their report." (05/02/16)

https://downsizedc.org/blog/cheating-cops-destroy-a-man-courts-now-victimizing-him-further  

Our Sponsors