Monthly Archives: March 2017

U.S. Airport Pat-Downs Are About to Get More Invasive

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“The new physical touching—for those selected to have a pat-down—will be be what the federal agency officially describes as a more ‘comprehensive’ physical screening, according to a TSA spokesman. The change is partly a result of the agency’s study of a 2015 report that criticized aspects of TSA screening procedures. That audit drew headlines because airport officers had failed to detect handguns and other weapons. An additional change prompted by the report was the TSA’s decision to end its ‘managed inclusion’ program, by which some everyday travelers were allowed to use PreCheck lanes to speed things up at peak times.”

Read more: https://www.bloomberg.com/news/articles/2017-03-03/u-s-airport-pat-downs-are-about-to-get-more-invasive

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David Stockman: Wall St. is misreading Trump; market bloodbath imminent

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“‘It’s pricing in a fantasy about a Trump stimulus that simply isn’t going to happen. There will be no tax cut, there will be no 15 or 20 dollar a share reduction in the corporate rate.’  According to Stockman, the main catalyst for his pessimism about Trump’s policies is the ‘debt ceiling trap’ that he contended will prevent tax reform, infrastructure and defense spending that have excited so many investors.  Given the ‘factions’ among the Republican Party today, the former Reagan aide also believed that the political turmoil could result in a gridlock the markets don’t see coming.”

Read more: http://www.cnbc.com/2017/03/05/wall-st-is-misreading-trump-and-a-market-bloodbath-is-imminent-stockman.html

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John Hussman: The Most Broadly Overvalued Moment in Market History

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“As long as investors are comfortable with expected S&P 500 10-12 year total returns of less than 1% annually, with likely interim losses on the order of 50-60%, investors are free to label this situation as ‘fairly valued’ or with any other phrase they wish.”

Read more: https://www.hussmanfunds.com/wmc/wmc170306.htm

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CBP Agents Demand ID Before Allowing Domestic Flyers to Disembark

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“Passengers on a Delta Air Lines flight from San Francisco International Airport (SFO) to John F Kennedy International Airport (JFK) began reporting Wednesday that immigration agents were insisting on checking travelers’ papers before allowing them to deplane.  It seemed possible that brand new federal travel policies might now be in place; the US Customs and Border Protection Service (CBP), however, called the unusual inspection procedure ‘routine’ in press reports following a growing public outcry.”

Read more: http://www.flyertalk.com/articles/cbp-agents-demand-id-before-domestic-passengers-allowed-to-disembark-at-jfk.html

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What Do You Call a Tool to Help Uber Avoid Gov’t Stings? A Good Start.

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“The defense always seems to be ‘Uber needs to follow the same rules as everybody else,’ and never ‘Everybody else should have the same freedom as Uber.'”

Read more: https://reason.com/blog/2017/03/03/what-do-you-call-a-tool-to-help-uber-avo

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Amish farmer facing 68 years in prison for selling homemade products

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“Girod, a member of the Old Order Amish faith, operated a business in Bath County that made products to be used for a variety of health problems, including skin disorders, sinus infections and cancer, according to court documents.  Girod represented himself, arguing that his products weren’t subject to FDA oversight because they were herbal remedies, not drugs. He referred to himself as ‘accused, in error.’  Girod also said that requiring FDA approval of his products infringed on his religious freedom. Old Order Amish seek to insulate themselves from the modern world, including modern pharmaceuticals, he said.”

Read more: http://www.kentucky.com/news/state/article135986318.html

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¡Bienvenido a Cuba!

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“In December 2016, the first US based airline touched down in the country’s capital city of Havana for the first time in more than 60 years. Not only was the market immediately flooded with capacity (Havana went from 0 service to the US to more than 25 daily flights) but flights were also dirt cheap. We were able to book round-trip from Tampa on Southwest for under $150 a person.  The general consensus is that the US Government isn’t blinking an eye at those traveling to Cuba.  So, what do you need as an American in order to travel to Cuba?”

Read more: http://www.flyertalk.com/forum/trip-reports/1824409-bienvenido-cuba.html

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