Monthly Archives: March 2014

Will Marijuana Legalization Lead to a Larger Judicial Rethinking?

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“From the standpoint of ‘justice,’ the eventual reversal of tens of thousands of marijuana cases in the US can be seen as bolstering civil society. But it also raises serious questions and will have serious ramifications.  Chief among these ramifications will be additional questioning about why marijuana was banned in the first place, and why people received prison sentences that blighted their lives – and the lives of their families.  There was no Internet at the time to provoke a sustained debate about Prohibition – nor to examine the political realities behind the 1920s ban.  Over time this examination will likely provoke a more intensive argument over the West’s state-oriented judicial system.”

http://www.thedailybell.com/news-analysis/35148/Will-Marijuana-Legalization-Lead-to-a-Larger-Judicial-Rethinking/

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Aborted babies incinerated to heat UK hospitals

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“The bodies of thousands of aborted and miscarried babies were incinerated as clinical waste, with some even used to heat hospitals, an investigation has found. Ten NHS trusts have admitted burning foetal remains alongside other rubbish while two others used the bodies in ‘waste-to-energy’ plants which generate power for heat.  Last night the Department of Health issued an instant ban on the practice which health minister Dr Dan Poulter branded ‘totally unacceptable.’  At least 15,500 foetal remains were incinerated by 27 NHS trusts over the last two years alone. Parents who lose children in early pregnancy were often treated without compassion and were not consulted about the remains.”

http://www.telegraph.co.uk/health/healthnews/10717566/Aborted-babies-incinerated-to-heat-UK-hospitals.html

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Canola Oil: Good or Bad?

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“Back in the day, an oil called rapeseed oil was often used for industrial purposes.  It was cheap to produce, but people couldn’t eat it because it contained some unfavorable substances.  A bunch of Canadian scientists wanted to turn rapeseed oil into an edible oil, so they used selective breeding techniques to ‘create’ seeds that contained less of these harmful, bitter substances.  This is how canola was born… but ‘Canola’ is a marketing term. It stands for Canadian Oil (some believe it stands for Canada Oil, Low Acid).  Today, about 90% of the world’s canola crop is genetically modified.  This short video shows how canola oil is made. I recommend you watch it.”

http://authoritynutrition.com/canola-oil-good-or-bad/

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28 attorneys-general pressure retailers to end tobacco sales

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“Twenty-eight attorneys general from 24 states, three U.S. territories and Washington, D.C. are pressuring five retailers, including Walgreen Co. and Wal-Mart Stores Inc., to follow the move by CVS Caremark Corp. and end sales of tobacco.  Health advocates cheered the move and said it would probably spur other retailers to do the same.  In 2011, just 19% of adults smoked, down from 42% in 1965.  But public health advocates have grown concerned that progress has stalled in recent years.  Public health advocates hope that reducing the number of stores where tobacco products can be sold and advertised will help push smoking rates down even further.”

http://www.latimes.com/business/money/la-fi-mo-attorney-generals-tobacco-20140317,0,37972.story

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California DMV Investigates Potential Large-Scale Data Breach

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“California drivers who recently avoided a trip to the DMV — and instead opted to renew licenses and ID cards online — might be in store for a bigger headache than they would have gotten from the long lines they tried to dodge.  The California Department of Motor Vehicles is looking into a potential credit-card data breach related to the online transactions made on its website between August 2013 and January 2014.  The department is ‘performing a forensic review of its systems and seeking information regarding any potential breach from both the external vendor that processes the DMV’s credit-card transactions and the credit-card companies themselves,’ the statement said.”

http://mashable.com/2014/03/23/california-dmv-data-breach/

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Europol: Police need powers to tackle virtual money laundering

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“The head of the European Union’s policing agency warned on Monday that virtual currencies such as Bitcoin were being used for money laundering and called for police to be given more powers to identify criminal suspects operating on the Internet.  ‘We’re seeing that virtual currencies are being used as an instrument to facilitate crime, particularly in regard to the laundering of illicit profits,’ said Europol head Rob Wainwright, speaking on the margins of a nuclear security conference in The Hague.  Wainwright said police should be given new powers to allow them to identify anonymous participants online and bring them to justice.”

http://www.reuters.com/article/2014/03/24/us-bitcoin-europol-money-laundering-idUSBREA2N1A420140324

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Bitcoin Destroys Banking Leeches

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“Whether they admit it or not, Bitcoin has put the fear of God into the banking system. Why? Because it threatens to remove them from the equation, plain and simple. Many people have now heard of Bitcoin and have a grasp of what it is…but the big question is, do they realize the potential for crypto-currencies to remove massive inefficiencies from just about every area of banking and finance?  Whether it is Bitcoin or some other type of crypto currency, the banking sector knows one thing for sure: The genie is out of the bottle.”

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UK financial official: Monetize state debt when deflation risks persist

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“There is no need for central banks’ balance sheets to shrink.  They could stay permanently larger; and, for some countries, permanently bigger central-bank balance sheets will help reduce public-debt burdens.  Even when permanent monetization occurs — as it almost certainly will in Japan and possibly elsewhere — it may remain forever the policy that dare not speak its name.  Such reticence may serve a useful purpose. But it must not blind central banks and governments to the full range of policy tools available to address today’s severe debt overhangs.”

http://www.japantimes.co.jp/opinion/2014/03/24/commentary/monetize-state-debt-when-deflation-risks-persist/

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Incredible confusions: Why ‘austerity’ if we can just print the money?

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“Debt can either be repaid or be defaulted on. Destroying the purchasing power of money through inflation is one way to default on the debt. Simply not paying the debt is the other option. In both cases, savers, ‘thrifty pensioners’, and the customers of banks, insurance companies, and pension funds will suffer, and in the inflationary scenario everybody will suffer greatly. Sadly, the massive printing of money and accumulation of debt that has occurred since the termination of the gold standard and the adoption of limitless state fiat money and pro-growth central banking has now brought us to a point where defaults appear to be unavoidable. This is not some great reset. It is a man-made catastrophe.”

http://detlevschlichter.com/2014/03/incredible-confusions-part-3-david-graeber-asks-why-austerity-if-we-can-just-print-the-money/

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Bitcoins are like ‘glass beads’, warns Danish national bank

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“The Danish national bank has released a briefing note firmly declaring bitcoin to not be money, noting that the currency is more like ‘glass beads’.  Denmark’s national bank is just the latest central bank to inveigh against bitcoin. In January, Malaysia’s central bank warned citizens that ‘the Bitcoin is not recognised as legal tender in Malaysia… the public is therefore advised to be cautious of the risks.’ In December 2013, the People’s Bank of China banned the country’s financial institutions from trading in the currency, shortly after the former president of the Dutch Central Bank said the currency’s boom was ‘worse than the tulip mania’.”

http://www.theguardian.com/technology/2014/mar/19/bitcoin-danish-national-bank

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