Monthly Archives: May 2013

Gitmo-izing Air Passengers

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“Sometimes the most unpleasant and important truths are disclosed in unintended ways.  Speaking on behalf of military officials at Guantanamo, Lt. Col. Samuel House denied that the searches are abusive. According to House, the searches imposed on Gitmo detainees ‘are conducted with clothes on, similar to pat-down searches conducted by an airport security screener.’  Doesn’t this mean that it is standard operating procedure for TSA screeners to treat innocent American air travelers as if they were Gitmo detainees?”

http://prolibertate.us/index.php/gitmo-izing-air-passengers?blog=7

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It’s time to tell the TSA what you really think of it – and for it to listen

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“The U.S. Court of Appeals for the District of Columbia Circuit has ordered the TSA to engage in something known as notice-and-comment rulemaking on its screening procedures, and specifically its use of full-body scanners. You can leave your comment at the Federal Register website until June 24th.  The TSA hopes the public it’s assigned to protect will approve of the scanners and the way they’re used. But it promises to ‘review and analyze’ the comments to develop a final rule related to the use of airport scanners.  What could they do? That isn’t entirely clear. The lengthy document seems to suggest that four options are on the table.”

http://tsanewsblog.com/10746/news/its-time-to-tell-the-tsa-what-you-really-think-of-it-and-for-it-to-listen/

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IRS exec got $42k in bonuses in addition to $700k in salary from 2009-2012

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“Lois Lerner, the senior executive in charge of the IRS tax exemption department and the federal employee at the center of the exploding scandal over the IRS targeting of conservative, evangelical and pro-Israel non-profits, was given $42,531 in bonuses between 2009 and 2011. That figure was included in data provided by the IRS in response to a Freedom of Information Act request by The Washington Examiner. Lerner is director of the IRS exempt organizations division, which processes and approves or denies applications from groups seeking tax-exempt status.  With the bonuses, Lerner was paid a total of $740,931 for the four-year period.”

http://washingtonexaminer.com/irs-exec-got-42k-in-bonuses-in-three-years/article/2529759

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Who will pay more under Obamacare? Young men

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“Obamacare limits the amount insurers can charge older enrollees to three times the amount charged for younger participants. Men usually pay less than women, since they typically visit the doctor less frequently. The Affordable Care Act, however, doesn’t allow insurers to charge different rates to men and women.  Taken together, men ages 25 to 36 could see rate increases greater than 50%, according to Milliman’s O’Connor, but women of the same age will only see their premiums creep up 4%. Meanwhile, men age 60 to 64 could see their premiums drop by 12%.”

http://money.cnn.com/2013/05/14/news/economy/obamacare-premiums/index.html?iid=HP_LN

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Law Professor Wants To Do Away With Most C’s Because They Make Students Feel Bad

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EPJ13

“Hey, why even make the kids take the classes? Let’s just give them degrees! With honors! Law schools should ‘substantially eliminate’ ‘C’ grades because they’re stress-inducing and make it more difficult for students to get jobs, a law professor argues in the University of San Francisco Law Review.  Does this prof not realize that if everyone is given a grade of B or better that a college degree becomes even more useless than it now is in judging a graduate for employment?  I give the prof an F for failure to understand the real world consequences of his proposal.”

http://www.economicpolicyjournal.com/2013/05/law-professor-wants-to-do-away-with.html

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How Mapping Student Debt Changes the Debate

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“While soaring college tuition and low barriers to borrowing have been widely blamed, the New York Fed’s maps indicate that the worst employment environment in a generation has had a powerful effect. In fact, those states with high delinquency rates on student loans are having trouble with all kinds of debt. The regions on the map with the most red ink—the Deep South and Southeast—also have the highest consumer bankruptcy rates, according to the American Bankruptcy Institute.   The Fed’s report further connects the dots between the student debt crisis and the nation’s overall financial health. It also gives policymakers contemplating a bailout something to think about.”

http://www.cnbc.com/id/100740014

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Student Loans are About to Cross the Trillion Dollar Mark

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“In the first quarter of 2013, students owed $986 billion in student loans, up $20 billion from $966 billion in the fourth quarter. Student-loan balances outstanding have soared 70% in the past five years, thanks to government backing of loan programs—which has done nothing but sent the price of a near useless education soaring.  Prices fall and quality improves where the government doesn’t intervene (see: cell phones, televisions  personal computers). Prices soar and quality fall where the government gets heavily involved (see: the health sector and education sector).”

http://www.economicpolicyjournal.com/2013/05/student-loans-are-about-to-cross.html

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The Government-Created “ME ME ME Generation”

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“A generation educated in government schools, funded by government student loans, and unable to find jobs in a government/central bank twisted marketplace are called ‘lazy, entitled narcissists who still live with their parents.’  How shall the State solve this problem? Since obviously no one else possibly can…  How about some ‘Good Service’?  There you go.  The massive military empire, that has been at constant war for most (if not all) of our lives, can use some more recruits! Peace Corps, as they like to call it.  So of course! Why not force the ‘lazy, entitled narcissists’ to go out there to advance ‘U.S. foreign policy objectives’?”

http://www.economicpolicyjournal.com/2013/05/the-government-created-me-me-me.html

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How to Spot a Market Top

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“The wide array of optimistic extremes in sentiment measures includes several readings that exceed the extremes of 2007, when the Dow made its previous high. With a finishing structure that Elliott Wave Principle describes as occurring at ‘the termination points of larger patterns,’ the market is ripe for a decline of historic magnitude. The sudden, loud chorus of market bulls, which has grown to a full-blown crescendo, fits perfectly with the terminal stages of a major advance. This chart shows the stunning breadth of optimism extending to every class of investor.”

http://www.caseyresearch.com/cdd/how-to-spot-a-market-top

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