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Gary Edwards

I Am a Peaceful AR-15 Assault Rifle Owner | Casey Research - 0 views

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    ""Firearms stand next in importance to the constitution itself. They are the American people's liberty teeth and keystone under independence … from the hour the Pilgrims landed to the present day, events, occurances and tendencies prove that to ensure peace security and happiness, the rifle and pistol are equally indispensable … the very atmosphere of firearms anywhere restrains evil interference - they deserve a place of honor with all that's good." George Washington I can't think of any reason I need to own my AR-15 assault[1] rifle. I don't pretend to need it for self defense. I also own several handguns. Any one of my handguns would be adequate to allow me an opportunity to defend myself, or another person, from virtually any act of aggression by another individual. Indeed, I could have easily halted any of the recent gun based rampages, by any of those deranged lunatics, with just one of my handguns. I wish I had been there. I have needlessly and peacefully owned my AR-15 for many years. I keep my AR-15 securely locked in a gun safe in the very same home where my young children live. My children are aware of my AR-15. Like many other things in life, I have taught my children about guns. Recently, some of my kids attended a private gun safety class given by a highly experienced gun expert. I enjoyed watching my kids learn about my AR-15. I admit being a bit nostalgic about my AR-15. I spent lots of time learning about every aspect of the AR-15 when I was in Marine Corps boot camp at Parris Island, South Carolina. I also carried an AR-15 when I served my country in Operation Desert Storm in Saudi Arabia. I had it with me when I lived in a dirt hole on the border of Kuwait. It is the weapon I know better than any other. I own lots of dangerous things I don't need. I don't need my highly modified 600+ hp Z06 Corvette, or my Harley Davidson motorcycle, or that crazy looking knife I sometimes jokingly say was imported directly from the Klingon Empire.[2] Al
Gary Edwards

Rand Paul's Tea Party Response: Full Text - 0 views

  • With my five-year budget, millions of jobs would be created by cutting the corporate income tax in half, by creating a flat personal income tax of 17%, and by cutting the regulations that are strangling American businesses.
  • America has much greatness left in her. We will begin to thrive again when we begin to believe in ourselves again, when we regain our respect for our founding documents, when we balance our budget, when we understand that capitalism and free markets and free individuals are what creates our nation’s prosperity.
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    Outstanding statement about what made America great, an dhow are government is destroying that greatness.  This is the full Text of Sen. Rand Paul's Tea Party Response to Obama's State of the Union Address: I speak to you tonight from Washington, D.C. The state of our economy is tenuous but our people remain the greatest example of freedom and prosperity the world has ever known. People say America is exceptional. I agree, but it's not the complexion of our skin or the twists in our DNA that make us unique. America is exceptional because we were founded upon the notion that everyone should be free to pursue life, liberty, and happiness. For the first time in history, men and women were guaranteed a chance to succeed based NOT on who your parents were but on your own initiative and desire to work. We are in danger, though, of forgetting what made us great. The President seems to think the country can continue to borrow $50,000 per second. The President believes that we should just squeeze more money out of those who are working. The path we are on is not sustainable, but few in Congress or in this Administration seem to recognize that their actions are endangering the prosperity of this great nation. Ronald Reagan said, government is not the answer to the problem, government is the problem. Tonight, the President told the nation he disagrees. President Obama believes government is the solution: More government, more taxes, more debt. What the President fails to grasp is that the American system that rewards hard work is what made America so prosperous. What America needs is not Robin Hood but Adam Smith. In the year we won our independence, Adam Smith described what creates the Wealth of Nations. He described a limited government that largely did not interfere with individuals and their pursuit of happiness. All that we are, all that we wish to be is now threatened by the notion that you can have something for nothing, that you can have your cake and ea
Gary Edwards

The Libertarian View: Are Tariffs Bad? - 1 views

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    As many know, i spent quite a bit of time working for a Chinese Company seeking to enter the USA-European software market.  My task was to research the market, discover and define a market opportunity, design the product, and then work as product manager to get that service to market.  I took this job to better understand the Chinese marketplace and how sovereign Chinese companies work.  What i learned is how the Chinese seek to exploit and totally dominate open markets.  Software is just a category whose time has come.  and there are thousands of Chinese companies lining up.  The first step though is to fine tune the existing blueprint used by other Sina sovereigns.  amazing stuff. My take away from this experience is that the USA MUST set up a 30% tariff on ALL imports, and do so IMMEDIATELY!!!  Yesterday is not soon enough! As a newly minted libertarian, i wondered about the obvious conflict with Austrian Economics and their dedication to free markets and free trade?  I found the answer at this Libertarian forum, where many members were in heated discussion.  Comment #7 sums it up best i think.  Including a link to Ron Paul's Tariff-NAFTA speech. The thing is, the 30% Tariff should be part of an overall TAX REDUCTION PLAN.  I support the FAIR TAX and the Balanced Budget Amendment.  As an alternative to the Fair Tax, I would also support a 17% flat tax with no exceptions.  The ideal situation being an immediate, uncompromising, no exceptions 30% tariff on ALL imports coupled with the Fair Tax and the Balanced Budget Amendment.   And yes, i do believe this plan is consistent with the Founding Fathers Constitution.  But it took some kind of research to establish that opinion.   I've also concluded that "conservatism" is a convenient philosophical vehicle for the corrupt crony corporatism of both the military-industrial-complex, banksters and, international corporations.  Free trade and open markets concepts are perverted to become a thin veil
Paul Merrell

How NSA Mass Surveillance is Hurting the US Economy | Electronic Frontier Foundation - 0 views

  • Privacy may not be the only casualty of the National Security Agency’s massive surveillance program. Major sectors of the US economy are reporting financial damage as the recent revelations shake consumer confidence and US trade partners distance themselves from companies that may have been compromised by the NSA or, worse, are secretly collaborating with the spy agency. Member of Congress, especially those who champion America’s competitiveness in the global marketplace, should take note and rein in the NSA now if they want to stem the damage.
  • The fallout may worsen. One study released shortly after the first Edward Snowden leaks said the economy would lose $22 to $35 billion in the next three years. Another study by Forrester said the $35 billion estimate was too low and pegged the real loss figure around $180 billion for the US tech industry by 2016.
  • Members of Congress who care about the US economy should take note: the companies losing their competitive edge due to NSA surveillance are mainstream economic drivers. Just as their constituents are paying attention, so are the customers who vote with their dollars. As Sen. Ron Wyden remarked last month, “If a foreign enemy was doing this much damage to the economy, people would be in the streets with pitchforks.”
Paul Merrell

What Really Matters About the Extended Negotiations with Iran « LobeLog - 0 views

  • The single most important fact about the extension of the nuclear negotiations with Iran is that the obligations established by the Joint Plan of Action negotiated a year ago will remain in effect as negotiations continue. This means that our side will continue to enjoy what these negotiations are supposed to be about: preclusion of any Iranian nuclear weapon, through the combination of tight restrictions on Iran’s nuclear program and intrusive monitoring to ensure the program stays peaceful. Not only that, but also continuing will be the rollback of Iran’s program that the JPOA achieved, such that Iran will remain farther away from any capability to build a bomb than it was a year ago, and even farther away from where it would have been if the negotiations had never begun or from where it would be if negotiations were to break down. Our side—the United States and its partners in the P5+1—got by far the better side of the deal in the JPOA. We got the fundamental bomb-preventing restrictions (including most significantly a complete elimination of medium-level uranium enrichment) and enhanced inspections we sought, in return for only minor sanctions relief to Iran that leaves all the major banking and oil sanctions in place. If negotiations were to go on forever under these terms, we would have no cause to complain to the Iranians.
  • But the Iranians do not have comparable reason to be happy about this week’s development. The arrangement announced in Vienna is bound to be a tough sell back in Tehran for President Rouhani and Foreign Minister Zarif. The sanctions continue, and continue to hurt, even though the Iranian negotiators have conceded most of what they could concede regarding restrictions on the nuclear program. There will be a lot of talk in Tehran about how the West is stringing them along, probably with the intent of undermining the regime and not just determining its nuclear policies.
  • That the Iranian decision-makers have put themselves in this position is an indication of the seriousness with which they are committed to these negotiations. This week’s extension is of little use to them except to keep alive the prospect that a final deal will be completed. Also indicating their seriousness is the diligence with which Iran has complied with its obligations under the JPOA. The International Atomic Energy Agency confirmed today Iran’s compliance with its final pre-November 24th obligation, which had to do with reducing its stock of low-enriched uranium in gaseous form.
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  • Because the P5+1 got much the better side of the preliminary agreement, the P5+1 will have to make more of the remaining concessions to complete a final agreement. The main hazard to concluding a final deal is not an Iranian unwillingness to make concessions. The main hazard is a possible Iranian conclusion that it does not have an interlocutor on the U.S. side that is bargaining in good faith. We push the Iranians closer to such a conclusion the more talk there is in Washington about imposing additional pressure and additional sanctions, as people such as Marco Rubio and AIPAC have offered in response to today’s announcement about the extension of negotiations. We have sanctioned the dickens out of Iran for years and are continuing to do so, but the only time all this pressure got any results is when we started to negotiate in good faith. Surly sanctions talk on Capitol Hill only strengthens Iranian doubts about whether the U.S. administration will be able to deliver on its side of a final agreement, making it less, not more, likely the Iranians would offer still more concessions. Any actual sanctions legislation would blatantly violate the terms of the JPOA and give the Iranians good reason to walk away from the whole business, marking the end of any special restrictions on their nuclear program.
  • Indefinite continuation of the terms of the existing agreement would suit us well, but completion of a final agreement would be even better—and without one the Iranians eventually would have to walk away, because indefinite continuation certainly does not suit them. And besides, the sanctions hurt us economically too. To get a final agreement does not mean fixating on the details of plumbing in enrichment cascades, which do not affect our security anyway. It means realizing what kind of deal we got with the preliminary agreement, and negotiating in good faith to get the final agreement.
Gary Edwards

Stopping America's Federal Debt Explosion by Martin Feldstein - Project Syndicate - 0 views

  • the fiscal deficit is the most serious long-term economic problem facing US policymakers.
  • A decade ago, the federal debt was just 35% of GDP. It is now more than double that and projected to reach 86% in 2016. But that’s just the beginning. The annual budget deficit projected for 2016 is 5% of GDP. If it stays at that level, the debt ratio would eventually rise to 125%.
  • The high and rising level of the national debt hurts the US economy in many ways. Paying the interest requires higher federal taxes or a larger budget deficit. In 2016, the interest on the national debt is equal to nearly 16% of the revenue from personal income tax. By 2026, the projected interest on the national debt will equal more than 31% of this revenue, even if interest rates rise as slowly as the CBO projects.
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  • the time will come when the US will have to pay the interest by exporting more goods and services than it imports. And boosting net exports will require a weaker dollar to make US products more attractive to foreign buyers and foreign goods more expensive to US buyers, implying a loss in Americans’ standard of living.
  • Increased borrowing by the federal government also means crowding out the private sector. Lower borrowing and capital investment by firms reduces future productivity growth and growth in real incomes.
  • Federal taxes now take 18.3% of GDP and are projected to remain at that level for the next decade, unless tax rules or rates are changed. The rate structure for personal taxation has changed over the past 30 years, with the top tax rate rising from 28% in 1986 to more than 40% now. The corporate rate of 35% is already the highest in the industrial world.
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    "CAMBRIDGE - The US Congressional Budget Office (CBO) has just delivered the bad news that the national debt is now rising faster than GDP and heading toward ratios that we usually associate with Italy or Spain. That confirms my view that the fiscal deficit is the most serious long-term economic problem facing US policymakers. A decade ago, the federal debt was just 35% of GDP. It is now more than double that and projected to reach 86% in 2016. But that's just the beginning. The annual budget deficit projected for 2016 is 5% of GDP. If it stays at that level, the debt ratio would eventually rise to 125%. Support Project Syndicate's mission Project Syndicate needs your help to provide readers everywhere equal access to the ideas and debates shaping their lives. LEARN MORE Even that projection assumes that interest rates on the national debt will rise slowly, averaging less than 3.5% in 2026. But if the US debt ratio really is on the fast track to triple-digit levels, investors in the US and abroad may rightly fear that the government has lost control of the budget process. With debt exploding, foreign bondholders could begin to worry that the US will find a way to reduce its real value by stoking inflation or imposing a withholding tax on all government bond interest. In that case, investors will insist on a risk premium: higher interest rates on Treasury debt. Higher interest rates, in turn, would increase the deficit - and thus the future level of the debt ratio - even more. The high and rising level of the national debt hurts the US economy in many ways. Paying the interest requires higher federal taxes or a larger budget deficit. In 2016, the interest on the national debt is equal to nearly 16% of the revenue from personal income tax. By 2026, the projected interest on the national debt will equal more than 31% of this revenue, even if interest rates rise as slowly as the CBO projects. Foreign investors now own more than half of net government debt, and
Gary Edwards

Jeff Gundlach June Webcast Presentation - Business Insider - 0 views

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    Fascinating presentation filled with stats and charts depicting the state of the world's economy.  51 slides in total, so it takes some time.  The summation is clear though.  We are in a world of hurt.  The $85 Billion per month the Federal Reserve Bankster Cartel is pumping into the financial markets is the only thing holding the world economy together.  When the dollar collapses, the USA must officially devaluate the dollar, the QEII $85 Billion per month joy ride will be over. ""Something happened in the middle of May," said investing god Jeff Gundlach as he began his latest webcast on the state of the global markets and the economy. He was referring to how global interest rates quietly rallied and how the Japanese stock market fell spectacularly. He notes that the magnitude of the interest rate rally isn't unusual.  Having said that, Gundlach believes rates will stay low thanks to a "put" by the Federal Reserve. Should rates rise, Gundlach believes the Fed would actually expand quantitative easing. This is because high interest rates would put too much pressure on the economy, and it would cause Federal interest expenses to become too onerous. "I certainly think the Fed is going to reduce quantitative easing," he said. But he attributes the reduction to the shrinking Federal deficit. "I'm starting to like long-term Treasuries," said Gundlach as he predicted the 10-year Treasury yield would end the year at 1.7%. All of Gundlach's theses are based on the fact that the global economy remains weak, GDP growth forecasts continue to come down, and unemployment remains high and lop-sided. He communicates all of this in his eye-opening, hand-picked collection of charts on growth, employment, inflation, stocks, bonds, and other critical global macro indicators. Anyone who is serious about investing must consider his charts. And for anyone who's just curious, these charts will give you a peek into how Gundlach thinks. Click Here To See Gundlach's Presentation >"
Paul Merrell

France Threatens Google With Privacy Fines - ABC News - 0 views

  • France is giving Google three months to be more upfront about the data it collects from users — or be fined. Other European countries aren't far behind.
  • The French agency that regulates information technology says that five other European countries are taking similar steps in a staggered offensive against Google's privacy policy between now and the end of July. It says Google largely ignored earlier recommendations from European regulators.
  • Paris' formal warning gives the company three months to make changes to its privacy practices. They include specifying to users what it is using personal data for, and how long it's held. Regulators also want Google to let users opt out of having their data centralized — for example, when data from online searches, Gmail and YouTube are crunched into a single location.
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    Note that we have yet to hear from European regulatory entities with power to inflict far bigger hurt on cloud companies like Google, e.g., the EC's DG Competition, national security forces, E.U. Parliament, etc. 
Gary Edwards

Operation Sleeping Giant: "Breaking The Silver Manipulation Barrier" by Brandon Smith - 0 views

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    Written in August of 2011, this article continues to be an important guideline to understanding Gold and Silver prices, and the efforts of Banksters to manipulate these competing forms of monetary exchange to the US Dollar.  Good stuff.  And i did write Brandon a proposal for a mobile application connecting PayPal to the Storage Vault Depositories he sites in this article (based on the GOLD app design i provided to Tino in 2008). excerpt: China Competes With The Comex As of this summer China now has its own Comex, called the Hong Kong Mercantile Exchange. The exchange opened for trade on May 18th (the CME's incredible margin hikes in silver began only weeks before, which suggests to me that they were trying to preempt the positive effects the HKMEX would have on metals). The HKMEX moved into action only five months after the Chinese Pan American Gold Exchange was instituted. The exchange issues its own ETF's in gold and silver. These securities, though, are not based on leverage or derivatives like most Comex based ETFs. The bottom line; the Comex global monopoly on commodities trade is over: How To Break The Barrier Methods for smaller investors to fight back against the market manipulations of large banks have been sparse, and often limited to desperate appeals to the CFTC and the government, who are bought and paid for, and who have no intention of ever stopping global financiers from dragging their unwashed behinds across the face of the planet. Relying on bureaucrats to mend the wounds they themselves encouraged or inflicted is foolhardy, to say the least. Top down solutions are NOT an option now, and I'm not sure if they ever were. This leaves us with only one other choice; to fix the problem with our own hands from the bottom up. This is, of course, easier said than done… In the case of silver manipulation, what we are faced with is an unprecedented effort to subvert and suppress an alternative system so that the mainstream system can continue to
Gary Edwards

The Stunning Hypocrisy of the U.S. Government - BlackListedNews.com - 1 views

  • Please read this rather good summary in this morning’s New York Times of the worldwide debate Snowden has enabled – how these disclosures have “set off a national debate over the proper limits of government surveillance” and “opened an unprecedented window on the details of surveillance by the NSA, including its compilation of logs of virtually all telephone calls in the United States and its collection of e-mails of foreigners from the major American Internet companies, including Google, Yahoo, Microsoft, Apple and Skype” – and ask yourself: has Snowden actually does anything to bring “injury to the United States”, or has he performed an immense public service?
  • The irony is obvious: the same people who are building a ubiquitous surveillance system to spy on everyone in the world, including their own citizens, are now accusing the person who exposed it of “espionage”.
  • It seems clear that the people who are actually bringing “injury to the United States” are those who are waging war on basic tenets of transparency and secretly constructing a mass and often illegal and unconstitutional surveillance apparatus aimed at American citizens – and those who are lying to the American people and its Congress about what they’re doing – rather than those who are devoted to informing the American people that this is being done.
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  • The Obama administration leaks classified information continuously. They do it to glorify the President, or manipulate public opinion, or even to help produce a pre-election propaganda film about the Osama bin Laden raid.
  • The Obama administration does not hate unauthorized leaks of classified information. They are more responsible for such leaks than anyone.
  • What they hate are leaks that embarrass them or expose their wrongdoing.
  • The “enemy” they’re seeking to keep ignorant with selective and excessive leak prosecutions are not The Terrorists or The Chinese Communists.
  • It’s the American people.
  • The people who have learned things they didn’t already know are American citizens who have no connection to terrorism or foreign intelligence, as well as hundreds of millions of citizens around the world about whom the same is true.
  • What they have learned is that the vast bulk of this surveillance apparatus is directed not at the Chinese or Russian governments or the Terrorists, but at them.
  • And that is precisely why the US government is so furious and will bring its full weight to bear against these disclosures.
  • What has been “harmed” is not the national security of the US but the ability of its political leaders to work against their own citizens and citizens around the world in the dark, with zero transparency or real accountability.
  • If anything is a crime, it’s that secret, unaccountable and deceitful behavior: not the shining of light on it.
  • At a press conference to discuss the accusations, an N.S.A. spokesman surprised observers by announcing the spying charges against Mr. Snowden with a totally straight face. “These charges send a clear message,” the spokesman said. “In the United States, you can’t spy on people.”
  • “The American people have the right to assume that their private documents will remain private and won’t be collected by someone in the government for his own purposes.”
  • “Only by bringing Mr. Snowden to justice can we safeguard the most precious of American rights: privacy,” added the spokesman, apparently serious.
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    Extremely well linked story from "Washington's Blog" excerpt: "The Government's Hypocrisy Is the Core Problem Congress has exempted itself from the prohibition against trading on inside information … the law that got Martha Stewart and many other people thrown in jail. There are many other ways in which the hypocrisy of the politicians in D.C. are hurting our country. Washington politicians say we have to slash basic services, and yet waste hundreds of billions of dollars on counter-productive boondoggles.  If the politicos just stopped throwing money at corporate welfare queens, military and security boondoggles and pork, harmful quantitative easing, unnecessary nuclear subsidies,  the failed war on drugs, and other wasted and counter-productive expenses, we wouldn't need to impose austerity on the people. The D.C. politicians said that the giant failed banks couldn't be nationalized, because that would be socialism.  Instead of temporarily nationalizing them and then spinning them off to the private sector - or breaking them up - the politicians have bailed them out to the tune of many tens of billions of dollars each year, and created a system where all of the profits are privatized, and all of the losses socialized. Obama and Congress promised help for struggling homeowners, and passed numerous bills that they claimed would rescue the little guy.  But every single one of these bills actually bails out the banks … and doesn't really help the homeowner. The D.C. regulators pretend that they are being tough on the big banks, but are actually doing everything they can to help cover up their sins. Many have pointed out Obama's hypocrisy in slamming Bush's spying programs … and then expanding them  (millions more). And in slamming China's cyber-warfare … while doing the same thing. And - while the Obama administration is spying on everyone in the country - it is at the same time the most secretive administration ever (ba
Paul Merrell

Syrian moderate rebel "spymaster" slams CIA for 'ignoring' detailed intel on Isil since... - 0 views

  • The "spymaster" of a key moderate Syrian rebel group has accused the CIA of failing to act on reams of detailed intelligence his network has been supplying the US on Isil since 2013 - including GPS coordinates of its leaders and headquarters. The Free Syrian Army’s spy chief insisted proper use of the intelligence his agents provided from within Isil’s ranks, and often at grave risk to their life, could have critically damaged the jihadist group on several occasions. Speaking to Le Monde in Turkey, “M”, as the French newspaper dubbed the man for security reasons, said: “From the moment Daesh (the Arab acronym for Isil) had 20 members to when it had 20,000, we have shown everything to the Americans. When we asked them what they did with this information, they always gave evasive answers, saying it was up to their decision-makers”. The Free Syrian Army, or FSA, was founded by a group of defected Syrian Armed Forces officers and soldiers in July 2011, and received backing from Britain and the US for its moderate line.
  • In the summer of 2014, while Isil besieged Mossul in Iraq, “M” helped devise a secret plan presented to the Americans to rout Isil from northern Syria on the Azaz-Alep line. The plan was detailed street by street, hour by hour, and included the precise itinerary of fighters and their refuelling points. “In every village held by Daesh, knew the number of armed men, where their offices and hideouts were. We had located snipers and mines, we knew where the local emir slept, the colour of his car and even the brand. From a tactical and strategic point of view, we were ready,” he said. However, the Americans failed to give the green light, he said. “They were reluctant to provide us satellite images. They said their planes couldn’t help once the fighting with Isil started. All they offered us was to get rid of a few obstacles before the start of the offensive,” he said. He then provided the US with details of the Isil command structure in Raqqa, from the emir to those in charge of checkpoints and pages of GPS coordinates. “That was a year and a half ago and Raqqa is still the capital of Daesh,” he said.
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    Why, it's almost as though the U.S. government doesn't want to really hurt ISIL. 
Gary Edwards

The Top Twelve Reasons Why You Should Hate the Mortgage Settlement « naked ca... - 0 views

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    Must read stuff.  The Obama Foreclosure Settlement Act is a clever exit strategy for criminal Banksters having committed the most egregious fraud.  A $9 Trillion dollar problem, rife with criminal activities, is settled for a mere $25 Billion, much of which will come out of the taxpayers hide thanks to Fannie and Freddie guarantees.  This deal stinks of typical Obama crony banksterism.  Now we need to watch for how many millions the Banksters pour into the newly authorized Obama Super PACS.  Should be interesting. excerpt: As we've said before, this settlement is yet another raw demonstration of who wields power in America, and it isn't you and me. It's bad enough to see these negotiations come to their predictable, sorry outcome. It adds insult to injury to see some try to depict it as a win for long suffering, still abused homeowners. 1. We've now set a price for forgeries and fabricating documents. It's $2000 per loan. This is a rounding error compared to the chain of title problem these systematic practices were designed to circumvent. The cost is also trivial in comparison to the average loan, which is roughly $180k, so the settlement represents about 1% of loan balances. It is less than the price of the title insurance that banks failed to get when they transferred the loans to the trust. It is a fraction of the cost of the legal expenses when foreclosures are challenged. It's a great deal for the banks because no one is at any of the servicers going to jail for forgery and the banks have set the upper bound of the cost of riding roughshod over 300 years of real estate law....... 12. We'll now have to listen to banks and their sycophant defenders declaring victory despite being wrong on the law and the facts. They will proceed to marginalize and write off criticisms of the servicing practices that hurt homeowners and investors and are devastating communities. But the problems will fester and the housing market will continue to suffer. Inv
Gary Edwards

National Restaurant Association Joins Suit against Federal Reserve | NACS Online - News... - 0 views

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    excerpt: The National Restaurant Association has joined a lawsuit challenging the Federal Reserve's final rule on debit card swipe fees, arguing that the Fed did not follow congressional intent to issue regulations that would ensure debit card swipe fees for merchants are "reasonable and proportional" to the cost of processing debit-card transactions. The suit is intended to lower the rates by improving the Fed's rule - not by stopping its implementation. As a result of the Fed's favorable ruling to the big banks and card companies, Visa and MasterCard announced they would raise swipe fees to the Fed's cap on small-ticket transactions ($15 or less). This move hurts small businesses with heavy small-ticket volume, such as the nation's quick-service restaurants. "While the Federal Reserve's rule significantly brought down debit swipe fees for many merchants, some small businesses will pay higher fees on smaller ticket transactions - evidence that the Fed provided card networks like Visa and MasterCard too much latitude to increase rates well above a reasonable and proportional level," said Scott DeFife, executive vice president of policy and government affairs for the National Restaurant Association, in a press release. "Allowing higher fees on small-ticket bills was not the intent of Congress, and the Federal Reserve must reconcile this failure to comply with the law as intended."
Gary Edwards

Limbaugh on Obama's 'Chip on His Shoulder,' the Phenomenon of the 'Not-Romney' and the ... - 0 views

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    Awesome!  Once again Rush takes us to school. excerpt: VAN SUSTEREN: I guess I mean a motive to -- an intentional motive to hurt the country, versus his (Obama) ideology is one that the way you achieve ideals is different values. LIMBAUGH: This is the question. We are living under a number of assumptions about Obama that have been presented to us by elites of both parties. One of the illusions is Obama's brilliant, that he's smarter than anybody else in the room, messianic. We have never had a politician like this in our midst, we were told in 2007, 2008. Nobody like Obama has ever trod our soil. He was going to unify us. The world was going to love us again. It's going to lower the sea levels. I mean, ridiculous stuff. So the question is, is he just dumb? Does he really believe this economic stuff? Does he really believe that taking capital, money out of the private sector and transferring it to government and unions is the way you grow the private sector? Is that the way (INAUDIBLE) Does he really believe that? Is he that ill educated? Is he the product of nothing other than the American education system and whoever influenced him at home when he was young? Or is he an ideologue? Is he a Marxist socialist who has an agenda that's oriented toward cutting the country down to size? I mean, that's the question. For me, the answer to the question is irrelevant. I think that whatever he's doing, why he's doing it, it's obvious he is doing it. He is taking steps, these 10 policies that are injurious to the country, injurious to individuals, targeting as the enemy the people who work in this country, targeting as the enemy that people that pay taxes. This business of this Occupy Wall Street crowd, which is his -- it was created I think on the basis that Romney was going to be the Republican nominee. Romney's Wall Street, so you get Obama's band out there, Occupy Wall Street, protesting. It was set up to oppose Romney -- Wall Street blamed for all these ills in the e
Paul Merrell

Growing boycott will "hit each of us in the pocket" warns Israel finance minister | The... - 0 views

  • Israeli finance minister Yair Lapid has become the latest senior official to warn about the serious impact of growing boycott, divestment and sanctions (BDS) campaigns targeting Israel. “The world seems to be losing patience with us,” Lapid told the Hebrew edition of Ynet on 10 January.
  • Lapid, leader of the Yesh Atid faction, is the senior coalition partner of Israeli Prime Minister Benjamin Netanyahu.
  • Lapid added: “We have formulated complete scenarios as to what will happen if the boycott continues and exports are hurt. In all scenarios, things do not look good. The status quo will hit each of us in the pocket, will hurt every Israeli. We are export-oriented, and this [export trade] depends on our global standing.” Lapid was particularly concerned about further announcements by Israel of new tenders for houses in illegal Jewish-only colonies in the occupied West Bank. Lapid’s frank comments come just days after Dutch pensions giant PGGM took the unprecedented decision to divest from all Israeli banks because of their role in the colonization program.
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  • Lapid, an alleged “centrist” who has habitually made anti-Arab comments, joins other senior politicians who have warned about the looming threat of boycott. Recently, the chair of the governing coalition’s Habayit Hayehudi party said that boycott was the “greatest threat” Israel faced. Justice minister and war crimes suspect Tzipi Livni also warned that “The boycott is moving and advancing uniformly and exponentially … Those who don’t want to see it, will end up feeling it.”
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    This is the largest part of the real back story on John Kerry's feverish effort to negotiate a two-state solution to the Israel-Palestine apartheid problem. The Palestinian Boycott, Divestment, and Sanctions ("BDS") movement against Israel is growing rapidly, nearly doubling the rate of growth of the former BDS movement that successfully ended apartheid government of South Africa.   Israel has become a pariah state diplomatically because of its war crimes against Palestinians and because of BDS, is increasingly becoming a pariah state economically. At the same time, Israel has illegally colonized Palestine to the extent that a 2-state solution is all but impossible, meaning that the most likely outcome is that Israel will cease being the "Jewish State" and be forced to grant equality to Palestinians as well in a new secular government. The situation became all the more dire for Israel as the "Jewish State" when the U.N. General Assembly granted Palestine observer state status, opening the way for Palestine to, e.g., pursue criminal prosecution of Israeli leaders for war crimes before the International Criminal Court.  That has dramatically increased the Palestinian Authority's leverage in negotiations. Kerry is on a rescue mission to see if he can coerce the Palestinian Authority to cede sufficient land and powers to Israel to make a 2-state solution credible. Kerry's leverage is that the U.S. has been underwriting the Palestinian Authority's expenses and can threaten to withdraw the financial support.  All of which brings it down to the question of Palestinian Authority leadership corruption. If the PA stands tall and refuses to accept Kerry's ridiculous demands, there will almost certainly be no 2-state solution, ever, because Israel continues to colonize Palestine and has locked up most of Palestine's water resources. Further colonization means still less water for an "independent" Palestine state. The Palestine Authority, on the other hand, suffered f
Paul Merrell

The Vineyard of the Saker: Western international diplomacy as a dead baby joke - 0 views

  • I have just been watching the news and, frankly, I ended up laughing.
  • To be serious, I really am amazed by what is going on.  Western politicians seem to be stuck in total "lala land" or "bizarro world" (pick your expression).  There is such an absolute disconnect between what is actually happening in Banderastan (north and west), the rump-Ukraine (east and south), Crimea and Russia on one hand, and the mental representation which people in the West seem to have about it that I often wonder, yet again, whether the world has not gone completely mad.  I almost feel sorry for western politicians when I hear them speak.  They sound like a flat-earth society meeting and yet they try so hard to look dignified and important it's almost sad.  I say almost, because I realize that these want-to-look-dignified politicians are also the prime culprits for the hell which the (now ex-) Ukraine is going through. Lastly, I am amazed to see that the White House does not realize a basic dilemma it is facing: either the sanctions against Russia are ridiculously ineffective or, in theory, they could really hurt Russia (booting Russia out of the SWIFT system, revoking overflight and landing rights for Russian airlines, etc.).  Then what would happen?  Does the White House not know that Russia holds US$164 billion in US Treasury Securities?  That Russia could simply shut down the northern evacuation route for US forces in Afghanistan?  The millions of dollars in US and EU investment in Russia ( US$300,1 billion) could also be seized?  That Russia can shut down the "northern route" to US ships or stop cooperating on security and terrorism issues?  Fundamentally - does it do any good for the US to really hurt Russia (assuming that it could)? The US and EU remind me of a toddler playing with a hand grenade: either it is a very boring toy and nothing happens, or it works, but then you are dead. Western international diplomacy as a dead baby joke - how pathetic....
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    Saker captures the same sense of comedy that I perceive in current U.S. foreign policy re Russia and the Ukraine. 
Gary Edwards

Investigating TWA 800/ Dreams - Shows - Coast to Coast AM - 0 views

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    "Investigating TWA 800/ Dreams' ; mp3 tapes available on request ~ge~ Date: 07-23-13 Host: George Noory Guests: James Sanders, Michael Sebastian, Nicole Sebastian In the first half, former police officer specializing in accident investigation, James Sanders (book link), discussed his investigation into the downing of TWA Flight 800, and his journey looking for the truth behind what happened. He was married to a TWA flight attendant when the plane went down in 1996. He initially resisted getting involved, but began to suspect that a cover-up was taking place. Later, he and his wife were indicted for the crime of receiving residue from the accident and having it tested. He found out that the residue was the result of intense heat both outside and inside the fuselage, when an explosive force came through. On the evening of July 17, 1996 the Navy was conducting a large military exercise in the area near Flight 800, and 26 seconds before the plane was hit, FAA radar picked up a missile launch, which Sanders assumes was part of the Navy exercise. Then, Navy radar tracked the missile as it approached the right side of the 747, and two key witnesses watching TWA 800 from the ground, observed a missile approach its right side and explode where the leading edge of the right wing meets the fuselage, he recounted. Further, there was a second missile that blew the nose off the plane, he said. Sanders speculated that the cover-up was the product of a series of political decisions, particularly, that if the truth about the incident got out, it could hurt Clinton's re-election prospects later that year. "It is my belief that Flight 800 was the catalyst for everything they've covered up since then," he added."
Gary Edwards

You Won't BELIEVE What's Going On with Government Spying on Americans - BlackListedNews... - 1 views

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    "New Revelations Are Breaking Every Day" This web page is very well sourced and filled with links where you will get lost for hours. Excellent reference document ............................ Revelations about the breathtaking scope of government spying are coming so fast that it's time for an updated roundup: - Just weeks after NSA boss Alexander said that a review of NSA spying found not even one violation, the Washington Post published an internal NSA audit showing that the agency has broken its own rules thousands of times each year - 2 Senators on the intelligence committee said the violations revealed in the Post article were just the "tip of the iceberg" - Glenn Greenwald notes:  "One key to the WashPost story: the reports are internal, NSA audits, which means high likelihood of both under-counting & white-washing".(Even so, the White House tried to do damage control by retroactively changing on-the-record quotes) - The government is spying on essentially everything we do. It is not just "metadata" … although that is enough to destroy your privacy - The government has adopted a secret interpretation of the Patriot Act which allows it to pretend that "everything" is relevant … so it spies on everyone - NSA whistleblowers say that the NSA collects all of our conversations word-for-word - It's not just the NSA … Many other agencies, like the FBI and IRS - concerned only with domesticissues - spy on Americans as well - The information gained through spying is shared with federal, state and local agencies, and they are using that information to prosecute petty crimes such as drugs and taxes.  The agencies are instructed to intentionally "launder" the information gained through spying, i.e. to pretend that they got the information in a more legitimate way … and to hide that from defense attorneys and judges - Top counter-terror experts say that the government's mass spying doesn't keep us
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