Monthly Archives: April 2013

Ron Paul launches Institute for Peace and Prosperity

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Ron Paul launches Institute for Peace and Prosperity

“For the first time since leaving office, Ron Paul returned to the spotlight this week. The recently retired congressman launched a new foreign-policy educational effort from Washington on Wednesday called the Institute for Peace and Prosperity. Some fellow lawmakers past and present – including Walter Jones, Dennis Kucinich, John Duncan, and Thomas Massie are on the Institute’s board, and they are aiming to change more than policy as RT’s Meghan Lopez explains.”

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Rick Steves: Well Traveled

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“What started out as a small European tour outfit has, over the years, grown into an enterprise of some 80 employees organizing tours, writing guidebooks, and producing the public television series and radio programs that make Rick Steves a welcome guest in millions of American homes.  Having just gotten back from another day at the office, the author of Travel as a Political Act carefully considers the ounce of marijuana procured for this photo shoot as he plays selections from Les Miserables on the baby grand he’s owned since the days when he made his living as a piano teacher.”

http://www.davidbienenstock.com/feature-writing/rick-steves.html

http://www.davidbienenstock.com/feature-writing/rick-steves.html

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Drug czar: No state can nullify federal marijuana ban

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“President Barack Obama’s drug czar toed a strict line on marijuana Wednesday, saying federal laws will prevail regardless of state-level efforts to legalize pot.  Gil Kerlikowske said enforcement of the Controlled Substances Act of 1970 — which ranks marijuana as a Schedule One drug alongside heroin, LSD and ecstasy — remains in the hands of the US Department of Justice.  ‘No state, no executive can nullify a statute that has been passed by Congress,’ the director of the White House Office of National Drug Control Policy told a National Press Club luncheon.”

http://www.rawstory.com/rs/2013/04/17/drug-czar-no-state-can-nullify-federal-marijuana-ban/

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The Government Steals Raisins

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“Why does the federal government steal one-third to one-half of the raisin crop every year?  Why aren’t the farmers paid for the stolen crop?  Why does the government then sell the stolen raisins to foreigners at below-market prices?  Why has this been going on ever since 1948?  There are at least 29 other programs just like it.  How many government employees spend their entire careers enforcing laws like this one? No one knows. Congress does not care.  A story like this never makes it into high school civics textbooks. Stories like this one make the federal government sound like a loony bin.”

http://teapartyeconomist.com/2013/04/18/the-government-steals-raisins/

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Encryption and Privacy: Goodbye Copyright Laws

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“Kim Dotcom really is his name these days. He had it legally changed.  The federal government shut down his enormously profitable file-sharing business in 2011. It won’t shut down his latest version of file-sharing.  His new company, Mega, offers 100% encryption. His company can’t crack it. The U.S. government can’t crack it — not at a price it can afford, anyway.  So people can post movies, songs, or anything else on his site. You get 50 megabytes of free storage to start out.  His lawyers can now say this: ‘Our company will cooperate with the governments of the world. But, sorry, we have no idea what people are putting into their accounts.'”

http://teapartyeconomist.com/2013/04/18/encryption-and-privacy-goodbye-copyright-laws/

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Harvard Economist: ‘No Doubt, Pensions Are Screwed’

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“Der Spiegel interviews Harvard economist Carmen Reinhart who has the novel idea that central banks are acting like the ‘adults’ in the room by cleaning up after spendthrift governments.  ‘Governments are incapable of reducing their debts and now central banks are stepping in.’  Perhaps this argument sounds reasonable to a Martian that has not been following exactly what central banks have been doing and continue to do, but last time we looked we weren’t Martian.  The idea that monopoly central bankers are ‘responsible’ and politicians are not seems a spurious question, in our humble view. A pox on both their houses.”

http://www.thedailybell.com/28996/No-Doubt-Pensions-Are-Screwed

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As Gold Declines Will Stocks Fly?

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“We often write of directed history, the idea that powerful forces create conditions for the policies that they want to implement.  When it comes to money metals, the idea would be to drive down metals prices while simultaneously affirming that these same metals are simply not a good investment. They are barbarous and whatnot.  At the same time as precious metals prices are falling, stock indexes are rising – presumably at least in part because of the pump priming by central banks that are printing great gouts of money. Some of this money gets stuck in bank coffers but a fair amount is obviously finding its way into various stock markets.”

http://www.thedailybell.com/28998/As-Gold-Declines-Will-Stocks-Fly

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Number of Chinese becoming US citizens declines

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“The number of Chinese who became US citizens has declined annually over the last five years to 31,868 in 2012 from 40,017 in 2008, according to the US Department of Homeland Security.  Tao Lin, a New York-based immigration law expert, said naturalization for Chinese appears to be changing. ‘It’s not like the old-fashioned way when Chinese immigrants would come to the US, gain their citizenship, stay and assimilate to US culture,’ said Lin, managing attorney of T. Lin & Associates. ‘You’re seeing more Chinese people returning to China.'”

http://usa.chinadaily.com.cn/epaper/2013-04/03/content_16373194.htm

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US banker proud to become Chinese national

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“The rise of China has not only transformed the global landscape of the financial industry, but it has also changed an American banker’s nationality. Some in Hong Kong’s financial community were surprised by an e-mail from one of the most veteran investment bankers in the city on Tuesday night. Marshall Nicholson, a managing director in charge of investment banking in Hong Kong for China International Capital Corporation (CICC) told his colleagues and friends that he had officially renounced his United States citizenship and would soon receive a HKSAR passport.  Nicholson, whose wife is a Hongkonger, first came to the city about 11 years ago.”

http://www.scmp.com/business/banking-finance/article/1216594/us-banker-proud-become-chinese-national

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China Builds Great Central Bankers?

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“Around the world, Western-style monetary recipes are failing. But this article attempts to convince us that the Chinese have somehow managed to implement miraculous growth using ingredients that are notably dysfunctional elsewhere.  How is that possible? We would submit it is not. What is going on is a kind of campaign to convince people that as capital and power flow east, such a reality is reasonable and inevitable. Seen from this standpoint, the profile of this Chinese central banking genius – and it drones on and on – is part and parcel of a larger attempt at explaining the inexplicable.”

http://www.thedailybell.com/28927/China-Builds-Great-Central-Bankers

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