Monthly Archives: April 2015

Police Imposing Death Sentence Without Trial

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“Does the fact that people sometimes flee make the police officer’s job harder? Yes. Does this give officers the right to shoot, beat, or otherwise brutalize anyone who flees? Certainly not, yet this is the way they behave. Don’t forget that last comment: ‘F**k your breath.’ Listen to it on the tape and you will hear the contempt dripping in his voice. This went far beyond unprofessional. It was hatred, pure evil, the kind of bloodlust that in an earlier age might have been called a war crime. Yet, so far as we know, this officer will face no discipline at all. His department blames ‘auditory exclusion.’ One of Tulsa’s finest allegedly did not know the man he was restraining had just been shot.”

http://www.thedailybell.com/news-analysis/36240/Police-Imposing-Death-Sentence-Without-Trial/

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Battlefield America: The War on the American People

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“The malls may be open for business, the baseball stadiums may be packed, and the news anchors may be twittering nonsense about the latest celebrity foofa, but those are just distractions from what is really taking place: the transformation of America into a war zone.  Trust me, if it looks like a battlefield (armored tanks on the streets, militarized police in metro stations, surveillance cameras everywhere), sounds like a battlefield (SWAT team raids nightly, sound cannons to break up large assemblies of citizens), and acts like a battlefield (police shooting first and asking questions later, intimidation tactics, and involuntary detentions), it’s a battlefield.”

https://www.rutherford.org/publications_resources/john_whiteheads_commentary/battlefield_america_the_war_on_the_american_people

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‘Free-Range’ Kids and the Kidnapping Nanny State

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“Bureaucrats employed by Montgomery County, Maryland, one of the wealthiest counties in the country, targeted the Meitiv family because the parents of the two children allowed them to walk home on their own from a park that is about a mile – approximately 5,000 steps – from their home.  That ended a month later in a Child Protective Services finding of ‘unsubstantiated neglect,’ which left a permanent black mark on the family’s official record.  On April 12, Montgomery County struck again – this time with police nabbing the children as they walked home from the park at 6.pm. and holding the two for almost six hours with no dinner and no communication as to why they were taken off the streets.”

http://www.thedailybell.com/news-analysis/36249/Free-Range-Kids-and-the-Kidnapping-Nanny-State/

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FBI admits flaws in hair analysis over decades; 14 prisoners already dead

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“The cases include those of 32 defendants sentenced to death. Of those, 14 have been executed or died in prison.  The admissions mark a watershed in one of the country’s largest forensic scandals, highlighting the failure of the nation’s courts for decades to keep bogus scientific information from juries, legal analysts said. The question now, they said, is how state authorities and the courts will respond to findings that confirm long-suspected problems with subjective, pattern-based forensic techniques — like hair and bite-mark comparisons — that have contributed to wrongful convictions in more than one-quarter of 329 DNA-exoneration cases since 1989.”

http://www.washingtonpost.com/local/crime/fbi-overstated-forensic-hair-matches-in-nearly-all-criminal-trials-for-decades/2015/04/18/39c8d8c6-e515-11e4-b510-962fcfabc310_story.html

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America’s 15 Highest Paying Companies

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“Glassdoor has compiled its newest report identifying America’s 15 Highest Paying Companies, in which the median annual total compensation starts at more than $140,000. This report evaluates salary and compensation information shared by employees over the past year on Glassdoor. The ranking of companies by median total compensation takes into account annual base salary, cash and stock bonuses, commissions and other forms of financial income. Interestingly, all the companies on this report represent only three industries: tech (9 companies), consulting (4 companies) and legal (2 companies). So why do these companies pay employees so much?”

http://www.glassdoor.com/blog/americas-15-highest-paying-companies/

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Citi Economist: Abolish Cash To Enforce Negative Interest Rates

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“In a new piece, Citi’s Willem Buiter looks at this problem, which is known as the effective lower bound (ELB) on nominal interest rates.  According to Buiter, the ELB only exists at all due to the existence of cash, which is a bearer instrument that pays zero nominal rates. Why have your money on deposit at a negative rate that reduces your wealth when you can have it in cash and suffer no reduction?  Cash therefore gives people an easy and effective way of avoiding negative nominal rates.  Buiter’s note suggests three ways to address this problem: Abolish currency.  Tax currency.  Remove the fixed exchange rate between currency and central bank reserves/deposits.”

http://www.bloomberg.com/news/articles/2015-04-10/citi-economist-says-it-might-be-time-to-abolish-cash

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Court returns rare gold coins Treasury seized from jeweler’s family

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“A fortune in 1930s gold coins seized by the federal government from the family of a deceased Philadelphia jeweler must be returned, a federal appeals court said Friday.  For more than a decade, the U.S. Treasury Department insisted, and persuaded a jury, that the rare coins had been stolen and belonged to the government.  But on Friday it lost the argument and the coins – because of paperwork.  The U.S. Court of Appeals for the Third Circuit said the government had failed to file a timely forfeiture action, and therefore had waived its right to keep 10 rare 1933 $20 double eagle gold coins. How valuable were they? One similar coin was auctioned for $7.6 million in 2002.”

http://www.philly.com/philly/news/nation_world/20150418_Court__Rare_coins_belong_to_jeweler_s_family.html

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Angry bondholders storm Bank of Cyprus building, damage windows

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“Aggrieved bondholders who lost funds in Cyprus’s 2013 bailout caused damage to the headquarters of Bank of Cyprus on Monday when they tried to storm the building.  At least one window of the glass-covered building in the capital Nicosia was smashed and another three cracked when several people among around 200 demonstrators hurled stones and other missiles, witnesses said.  One woman was knocked unconscious during the protest and was taken to hospital. There was a heavy police presence in the area.  Hundreds of junior bondholders saw savings turn to nothing in the tumult of Cyprus’s financial bailout in 2013.  Cyprus received 10 billion euros in aid from the European Union and the IMF.”

http://www.reuters.com/article/2015/03/23/cyprus-bank-protest-idUSL6N0WP38220150323

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Cyprus passes foreclosure laws, clears IMF rescue program hurdle

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“Lawmakers in Cyprus on Saturday passed key insolvency laws designed to open the taps for more international bailout cash. The vote makes it possible to operate foreclosure laws that international creditors have demanded as a condition for extending more loans to Cyprus. Recession, high unemployment and declining incomes have produced defaults on more than half of all private loans. The new laws should make it easier for banks to demand payment or seize assets, thereby reducing the banks’ own liabilities.The International Monetary Fund has been withholding 88 million euros ($95 million) in rescue money, citing Cyprus’ delay in giving banks the legal tools to deal with bad debt.”

http://www.philly.com/philly/news/nation_world/20150418_ap_6ddf947f243e480590b693c8bb76167f.html

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North Korea joins new era as property bubble grows

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“It’s a capitalist’s fantasy: a fast-developing city filled with entrepreneurs and speculators, and a soaring property market. Restaurants are opening, shiny apartments are springing up, and the nouveaux riches are indulging themselves with cars, clothes and perfume.  This, however, is not one of the southeast Asian tigers, but North Korea, the most isolated and repressive totalitarian dictatorship in the world.  It is more than 15 years since the country’s communist rulers began to permit the small-scale buying and selling of food and household goods as an exception to its strict socialist economy. Now Pyongyang is experiencing a modest version of that familiar first-world phenomenon: a property bubble.”

https://www.thetimes.co.uk/tto/news/world/asia/article4414908.html

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