L.A. Police, Firefighters Figured Out How to Double Their Pay For Not Working

“Take a program that lets a public employee earn both a pension and a salary at the same time. Add an extremely generous disability leave and workers’ compensation program that allows public employees to be paid while not working for months or even years on end. What do you get? Massive corruption, obviously.”

Read more: https://reason.com/blog/2018/02/05/its-not-enough-to-get-paid-for-not-worki

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Former Narcotics Detective Blows Whistle on the Justice System

“If you want a justice system that prevents and solves violent crime, stop voting for the enforcement of victimless crime laws. Detective Baeza’s example models a path towards such a system of true justice.”

Read more: https://fee.org/articles/former-narcotics-detective-blows-whistle-on-the-justice-system/

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Washington may have had a hand in halting Dow meltdown

“Someone started arbitrarily and aggressively buying stocks and the decline was halved. Monday will still go down as a Wall Street massacre, but that anonymous superhero buyer or buyers made it a lot less bloody.  Who was the market’s superhero? I’m going to tell you a story and then you decide.”

Read more: https://nypost.com/2018/02/07/washington-may-have-had-a-hand-in-keeping-dow-meltdown-from-being-a-complete-disaster/

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The FISA Reauthorization Only Boosts Big Brother

“Polls show that public opinion on NSA spying shifts back and forth depending upon who is in the White House. In other words, liberal or conservative voters generally aren’t opposed to mass surveillance as long as their party is in power.”

Read more: https://fee.org/articles/the-fisa-reauthorization-only-boosts-big-brother/

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ICE formalizes plans for courthouse abductions of foreigners

“Federal immigration authorities formalized a policy Wednesday to send deportation agents to federal, state and local courthouses to make arrests, dismissing complaints from judges and advocacy that it instills fear among crime victims, witnesses and family members. Family, friends and witnesses won’t be picked up for deportation but ICE leaves a caveat for ‘special circumstances.'”

Read more: http://www.sfgate.com/news/crime/article/ICE-formalizes-plans-for-courthouse-arrests-12541326.php

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US Media Shops North Korea, Russia ‘Doomsday’ Nuke Narratives

Not long after last year’s ‘Nuclear Posture Review’, in which top American officials insisted world peace depended upon a massive nuclear rearmament program, and after two major nuclear strike false alarms in Hawaii and Japan, US media is now instilling further panic with two new rumors: that of a long-range North Korean missile strike, and that of a Russian ‘doomsday’ nuclear torpedo attack on the US coastlines.

This could be surmised from the nuclear paradox.  It tells us that nuclear armament incentivizes the nuclear armament of existing geopolitical competitors, while at the same time incentivizing interventionism against non-nuclear states through increasing their perceived costs of resistance.

The beneficiaries in this seemingly zero-sum game?  Arms manufacturers, of course, but also US uranium producers, who in a complete coincidence are currently agitating for protection from foreign competition.

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The Most Expensive Mile of Subway Track on Earth

“Even though the M.T.A. is paying for its capital construction with taxpayer dollars, the government does not get a seat at the table when labor conditions are determined. Instead, the task of reining in the unions falls to the construction companies — which often try to drive up costs themselves.”

Read more: https://www.nytimes.com/2017/12/28/nyregion/new-york-subway-construction-costs.html

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Between Walmart and Kroger, 500 stores are about to ditch cashiers

“Grocers are under pressure, in an already thin-margin business, to cut costs and make the shopping experience more enjoyable for customers.”

Read more: https://www.cnbc.com/2018/01/09/between-walmart-and-kroger-500-stores-are-about-to-ditch-cashiers.html

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Guess Why Hundreds of Bus Boys Just Lost Their Jobs

“Earning a small wage is better than earning nothing at all due to unemployment. It’s easy to vilify restaurants and other companies when they respond to higher costs with layoffs. But it’s important to place the blame where it belongs. In this case, it’s bad policy.”

Read more: https://fee.org/articles/guess-why-hundreds-of-bus-boys-just-lost-their-jobs/

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China promises bank rescue in next crisis

China’s financial regulator has vowed to rescue the Chinese banking system immediately to avert a banking crisis when the bubble bursts, issuing a blanket guarantee that no major institution will be allowed to fail.  Beijing says it has studied the errors that led to the Lehman crisis in the 2008 and will not allow a chain reaction to occur, even if this means paying a price in terms of lost economic growth and dynamism.”

Read more: http://www.telegraph.co.uk/business/2018/01/23/china-promises-bank-rescue-next-crisis-market-prophets-warn/

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