Monthly Archives: May 2014

China’s Dollar Trap: Foreign Exchange Reserves Hit $3.8tn

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“Beijing accumulated the biggest foreign exchange reserves in the world over the last couple of decades, by running huge trade surpluses and keeping the yuan’s value low. Beijing’s forex reserves had stood at a mere $100bn in 1996, but the country’s emergence as the world’s biggest exporter helped it overtake Japan as the biggest holder of foreign exchange in ten years.  In 2013, the forex reserves saw a jump of $510bn, compared with $130 billion net increase in the previous year.  Barclays Capital said in a research note the massive rise in China’s foreign reserve came on the back of capital inflows amid large interest rate differentials and a wide trade surplus.”

http://www.ibtimes.co.uk/chinas-dollar-trap-foreign-exchange-reserves-hit-3-8tn-1432428

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Why a Police State?

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“For those of us who reside outside of the EU and the US, developments in those jurisdictions in recent years have been troubling indeed.  To be sure, in much of the First World, developments have followed a similar pattern: a governmental trend toward fascism and socialism, dramatically expanding debt, ever-increasing destruction by the banking system, etc.  However, the US has gone well beyond most countries in one aspect: legislation that allows the government to transform itself into a full-on police state.  Whilst other countries have increased their policing powers, none holds a candle to the transformative legislation passed in the US.”

http://www.internationalman.com/articles/why-a-police-state

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We Finally Won One Against the Police State!

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“Drivers in Arizona can’t be prosecuted for drugged driving when they’re entirely sober.  Of course, Arizona legislators could follow the lead of at least one other state (Delaware) and criminalize the presence of even non-impairing metabolites in a driver’s blood.  In addition, the War on Drugs itself is alive and well. America’s federal, state, and local governments still spend billions of dollars annually to perpetuate it. Billions more are confiscated from actual or suspected drug dealers each year. The results? After 100 years, and hundreds of billions spent on interdiction, prosecution, and incarceration, the percentage of Americans addicted to drugs is about the same: around 3%.”

http://www.nestmann.com/we-finally-won-one-against-the-police-state

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DOJ’s ‘Operation Choke Point’ Closing Legal Websites’ Bank Accounts

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“Under ‘Operation Choke Point,’ the DOJ and its allies are going after legal but subjectively undesirable business ventures by pressuring banks to terminate their bank accounts or refuse their business. The very premise is clearly chilling—the DOJ is coercing private businesses in an attempt to centrally engineer the American marketplace based on it’s own politically biased moral judgements. Targeted business categories so far have included payday lenders, ammunition sales, dating services, purveyors of drug paraphernalia, and online gambling sites.”

http://reason.com/blog/2014/04/28/doj-operation-chokepoint-and-porn-stars

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The Latest Pot Myth, Smacked Down By Science

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“Will the publication of this latest study put to rest the false notion that medical cannabis legalization stimulates non-medical pot use? Probably not, but it is a start. Notably, government officials seem finally to be getting the message. Speaking to the Tampa Bay Times last month, the deputy director of the US National Institute on Drug Abuse acknowledged, ‘We cannot draw a clean link between medical marijuana and shifting drug usage rates.’  He’s right and it’s high time for the likes of David Evans and Kevin Sabet to stop shamelessly claiming otherwise.”

http://www.alternet.org/drugs/latest-pot-myth-smacked-down-science?paging=off

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How Quickly The War On Drugs Changed America’s Prison Population

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“America’s prisons are extremely overcrowded, and tough-on-crime laws implemented in the 1980s and 1990s contributed heavily to growing the U.S. prison population. The U.S. accounts for only 5% of the world population, but holds 25% of the world’s prisoners.  Redditor Sen_Mendoza posted a GIF that shows how dramatically the U.S. prison population changed after President Richard Nixon declared a War on Drugs in the 1970s.”

http://www.businessinsider.com/how-the-war-on-drugs-changed-americas-prison-population-2014-4

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Autism Nation: America’s Chemical Brain Drain

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“In 1981, the autism (ASD) rate in the United States was 1:10,000. In 2007, it was 1:150. In 2009, it was 1:100. In 2012, it was 1:88. In 2014, it is 1:68. At this rate of increase, by 2025 it will be 1:2, or 50 percent. For those of you tempted to think this is just greater awareness and expansion of the criteria for diagnosis, the CDC says that since the 2012 estimate of 1 in 88 children identified with ASD, the criteria used to diagnose, treat, and provide services have not changed, but the rate has increased another 30%.  Meanwhile, autism rates in Europe have remained virtually flat for the last decade. Recent estimates in European countries range from 1 in 5,000 in Germany to 1 in 700 in Portugal.”

http://truth-out.org/news/item/23267-autism-nation-americas-chemical-brain-drain

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Mark Lerner: The Chilling Effect of Domestic Spying

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“Denial is no longer an option.  For years, even decades it has been reported by people inside and outside our government that agencies and departments within our federal government have been spying on citizens and further collecting data (Personal Identifiable Information) associated with the domestic spying taking place.  Many of us who discussed the spying taking place were called conspiracy theorists, tin foil hat wearers, or black helicopter paranoid people:  Today we are called realists.  The Snowden revelations are unique because of the depth and scope of the revelations and because Snowden had the official documents to back up his assertions.”

http://constitutionalalliance.org/articles/chilling-effect-domestic-spying

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Oklahoma execution renews debate on doctors’ role in lethal injection

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“A botched lethal injection in Oklahoma this week has renewed a debate on whether doctors should be banned from executions — or required to participate to make the process more humane.  Some of the nation’s 32 death penalty states mandate doctor participation — including Oklahoma — but critics say what happened there proves a doctor’s presence can’t guarantee the process will go smoothly.  The AMA says it’s unethical for doctors to be involved except in a peripheral way. That’s one reason why the number and identities of physicians who do participate are shrouded in secrecy.”

http://www.lehighvalleylive.com/breaking-news/index.ssf/2014/05/oklahoma_execution_renews_deba.html

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Occupational Licensing Unjust, Unneeded, Increases Income Inequality

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“Many government licenses are required of relatively low-skill jobs, and these requirements eliminate the bottom rungs of the economic ladder for many poor and less-educated people.  The Institute for Justice examined licensing requirements for 102 low- and moderate-income occupations such as barber, florist, makeup artist, massage therapist, preschool teacher, shampooer, and tree trimmer in all 50 states and the District of Columbia.  The report found that five of the six states that impose the heaviest licensing burdens in the country are in the West.  Consider, for example, the nation’s most populous state of California, ranked second worst.”

http://blog.independent.org/2014/04/29/why-occupational-licensing-is-unjust/

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