Monthly Archives: November 2014

FDA sets Obamacare menu rules for food chains, other eateries

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“On Tuesday, the U.S. Food and Drug Administration will announce that it is making final two rules that require calorie information be listed on menus and menu boards at chain restaurants, grocery store take-out counters, convenience stores, theaters, amusement parks and vending machines with 20 or more locations. The rules are required under the Affordable Care Act.  The restaurant rules take effect in one year and the vending machine rules in two years.  While there has been strong opposition from some pizza chains, theater chains and convenience store chains, the rules have strong support from the National Restaurant Association.”

http://www.usatoday.com/story/money/business/2014/11/24/menu-labeling-food-and-drug-administration-calorie-labeling/70054580/

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Missouri Governor to Triple National Guard Presence in St. Louis

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“The governor said about 2,200 National Guardsmen will be in the region, up from about 700 last night.  The governor said National Guard troops on Monday were protecting public property and key infrastructure, but would be deployed in protecting homes and businesses on Tuesday.  Protesters Monday night had set police cruisers on fire, smashed windows and looted stores, while police responded by firing nonlethal munitions and tear gas at crowds. By morning, more than 20 businesses were burned and more than 60 people were arrested.”

http://online.wsj.com/articles/ferguson-grand-jurys-decision-sparks-fresh-violence-unrest-1416916181

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Swiss Gold Referendum: What It Really Means

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“In a few days the Swiss people will go to the polls to decide whether the Swiss central bank is to be required to hold 20% of its reserves in the form of gold. Polls show that the gold requirement is favored by the less well off and opposed by wealthy Swiss invested in stocks.  These poll results provide new insight into the real reason for Quantitative Easing by the Federal Reserve and European Central Bank.  The view in Switzerland is that a gold backed Swiss franc would be more valuable, and a more valuable franc would increase the purchasing power of wage earners, thus reducing their living costs.  The vote is clearly a vote about income shares between the rich and the poor.”

http://www.thedailybell.com/editorials/35855/Paul-Craig-Roberts-Swiss-Gold-Referendum-What-It-Really-Means/

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Bloomberg Calls for a US Exit Tax

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“Why should the rich get to take all that wealth with them when they move? Why should they be able to walk out of the country with resources that they have accumulated largely by dint of their history in the U.S.? We don’t let them walk out with a share of the mineral wealth of public lands or a piece of the interstate system. Exiting the country with all that property should surely count as theft.  … The rate of the exit tax would reflect the proportion of wealth that is due to the lottery of birth. Of course, rich people have already paid some taxes on that wealth—so, in fairness, the top rate probably wouldn’t go above 50 percent.”

http://www.thedailybell.com/news-analysis/35859/Bloomberg-Calls-for-a-US-Exit-Tax-on-the-Horizon/

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Germany begs Sweden for more coal as renewable energy plan falters

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“After 2011’s Fukushima disaster in Japan, Germany gave itself not much more than 10 years to close down all it nuclear power plants.  The country also has a roadmap to switch to renewable energy for 80% of its electricity needs by 2050. That may sound like a long time, but the clean energy installed base today only provides 23% of the European Nations power demand.  But the nuclear energy phase-out has meant that at the moment Germany is burning more coal now than it did 24 years ago.  And it’s desperate for more reports the FT, even begging the Swedes who are divesting from coal to do the opposite and expand their operations inside Germany.”

http://www.mining.com/german-begs-sweden-for-more-coal-90155/

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Venice officials deny ban on wheeled suitcases

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“Officials in the Italian city of Venice are denying a reported ban on wheeled luggage, saying they won’t impose large fines on tourists using them.  Last week they were widely quoted saying they hoped draft laws to be introduced in May 2015 would curb damage and disturbance from noisy bags.  The prospect of fines of up to 500 euros ($620) generated uproar and concerns about how many of the 22 million tourists who annually visit Venice would cart their luggage into a destination with restricted access to vehicles.  Now the city’s special commissioner, Vittorio Zappalorto, has issued a statement insisting proposed new noise regulations will only be directed at trolleys used by traders.”

http://edition.cnn.com/2014/11/25/travel/venice-wheeled-suitcases/index.html

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Why Your Offshore Dream Home Might Be Illegal

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“While real estate fraud exists everywhere, it’s especially pervasive in Spain, where in the 1990s and early 2000s, developers bought property that government officials illegally rezoned for residential development in exchange for hefty bribes.  No one seemed to care in those boom times, and developers sold homes to expats as fast as they could build them. But today, there are more than 1 million ‘illegal’ properties in Spain owned by around 800,000 expats. And Spanish authorities have vowed to demolish these illegal dwellings, especially those built in ‘green’ spaces reserved for beach access or parks. Under Spanish law, owners may be forced to pay for the cost of the demolition.”

http://www.nestmann.com/why-your-offshore-dream-home-might-be-illegal

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Jacob Hornberger: Rand Paul Is Wrong. Leave Iraq Alone!

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“Senator Rand Paul now wants Congress to declare war against the Islamic State and engage in military action in Iraq. He says that ‘national security’ is at stake.  I’ve got a better idea: Leave Iraq alone! Hasn’t the U.S. government done enough damage already in Iraq?  Consider all the death and destruction that interventionists have wrought on this poor nation. Some people estimate that more than a million Iraqis have died as a result of the U.S. invasion and occupation of Iraq. The reason we don’t have a more precise figure is because the U.S. military announced at the inception of the invasion in 2003 that it would not keep track of Iraqi dead.  The number of Iraqis killed just didn’t matter.”

http://fff.org/2014/11/24/rand-paul-wrong-leave-iraq-alone/

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German Gold Repatriation Accelerating

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“The Bloomberg headline and story suggest that the German gold repatriation schedule – to ship home 300 tonnes of gold from the US and 374 tonnes from France by 2020, in order to have half (1695.3 tonnes) of Germans official gold reserves stored in Frankfurt – will be halted as German politicians decided their gold ‘is safe in American hands’.  The Bloomberg story has reached many which are still under the assumption Germany has stopped repatriating its gold from the US and France. To get official confirmation on the continuation of Germany’s gold repatriation I asked the BuBa’s press department a few questions in August, their answers were very clear.”

https://www.bullionstar.com/blog/koos-jansen/german-gold-repatriation-accelerating/

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The Dutch do what the Germans couldn’t: Get their gold back

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“The Dutch central bank has secretly brought a large chunk of the European nation’s gold reserves held in New York back to Amsterdam.  In total, 120 tonnes of gold valued worth nearly $5 billion were brought back to the Netherlands by ship in what according to some accounts resembled a military operation carried out over months.  The central bank decided to bring some of its gold reserves back to the Dutch capital to ensure a more even spread of bullion, the bank said in a statement.  According to the World Gold Council’s latest data the Netherlands has 612.5 tonnes of official gold reserves (roughly 50% of total reserves), worth some $23.5 billion.”

http://www.mining.com/the-dutch-do-what-the-germans-couldnt-get-their-gold-back-56928/

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