Tag Archives: Regime Uncertainty

San Francisco confiscates private street from Taiwanese investor, out $90k

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“The street’s enhanced security and isolated location have attracted some of the wealthiest and most powerful politicians in California over the years, including Sen. Dianne Feinstein and House Minority Leader Nancy Pelosi.  Cheng says the outcome of the hearing shows that a different standard of government applies to the rich and politically connected in San Francisco.”

Read more:  https://www.sfgate.com/technology/businessinsider/article/The-couple-who-paid-90-000-for-a-private-street-12558698.php

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A Beer War Is Brewing in Maryland

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“This is where the story becomes quite curious. The new bill will reduce output for all brewers except for one: the new Guinness Brewery being built in southwest Baltimore.”

Read more: https://fee.org/articles/a-beer-war-is-brewing-in-maryland/

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Ron Paul: Mr. President, fire Jeff Sessions

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“Former Congressman Ron Paul (R-TX) discusses Attorney General Jeff Sessions’ decision to rescind the Obama-era policy of non-interference in marijuana-friendly states.”

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The Internal Revenue Code Jumps The Shark

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“This is serious business when a law is written as to be incomprehensible to 99%+ of the population.”

Read more: http://rubinontax.floridatax.com/2017/12/the-internal-revenue-code-jumps-shark.html

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Roving Bandit, Stationary Bandit, and Income Tax

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“The rules run to thousands of pages, and tax experts themselves, including those employed by the tax collection agencies, cannot agree on the amount of tax liability associated with even a moderately complicated tax return.”

Read more: http://blog.independent.org/2018/02/13/roving-bandit-stationary-bandit-and-income-tax/

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White House Takes a Wrong Turn on Salvadoran Refugees

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“200,000 Salvadoran refugees who were granted U.S. Temporary Protected Status – some of whom have been living in the U.S. for nearly a generation – are being thrown under the bus.  The federal government is stumbling over a problem of its own creation, having made it almost impossible for the Salvadorans who lawfully have lived, worked, paid taxes and raised children under TPS to acquire permanent status.”

Read more: https://www.usnews.com/opinion/articles/2018-02-02/white-house-takes-a-wrong-turn-on-salvadoran-refugees

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Washington may have had a hand in halting Dow meltdown

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“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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Yellen’s Final Act Is To Ban Wells Fargo From Growing

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“Until Wells Fargo addresses shortcomings in areas including internal oversight, it can’t take any action that would boost total assets beyond their level at the end of 2017, without the Fed’s permission. The bank said after-tax profit in 2018 would be reduced by $300 million to $400 million and its stock slumped in late trading Friday.”

Read more: https://www.bloomberg.com/news/articles/2018-02-02/wells-fargo-banned-from-growing-in-fed-crackdown-after-scandals

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South Korea’s Crypto Craze Explained by Seoul’s Largest Investor

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“A tech savvy nation that highly valued digital goods and also had a penchant for gambling without a viable outlet was naturally drawn to cryptocurrencies. The densely packed and hyper-connected composition of Seoul allowed for word of the massive gains being made from cryptocurrency investments to spread rapidly throughout the population, creating a mania. The rise of cryptocurrency’s popularity coincided with political turmoil that distracted the government from a situation that under normal circumstances, it would have tried to control.”

Read more: https://www.cryptoambit.com/blog/2018/1/21/south-korea-and-the-crypto-craze

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India Bans Bitcoin But Embraces Blockchain

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“India’s government said it doesn’t consider cryptocurrencies as legal tender and will take all measures to eliminate payments using them.  The South Asian nation’s income tax officials had started investigations into transactions at various illegal bitcoin exchanges in December, soon after the country’s central bank cautioned users about potential risks. The federal government had also set up a panel to decide on India’s stand on virtual currencies, people with knowledge of the matter said on Dec. 12.”

Read more: https://www.bloomberg.com/news/articles/2018-02-01/india-to-curb-cryptocurrency-use-while-embracing-blockchain

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