‘Murder’ mystery

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Tech executive Dave Goldberg death was caused by hotel gym accident: prosecutors

SurveyMonkey Chief Executive Dave Goldberg died Friday from a head injury while exercising at a hotel gym in Mexico, the local prosecutor’s office said Monday. Goldberg, the husband of Facebook Inc Chief Operating Officer Sheryl Sandberg, fell off a treadmill at the Four Seasons Resort in Punt… WAIT, THERE’S MORE…

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Stuart Bingham wins first World Championship title after beating Shaun Murphy 18-15

38-year-old becomes the third oldest player to win snooker’s grandest prize. WAIT, THERE’S MORE…

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Video: Your kid wouldn’t talk to strangers, would they?

Threats.


To cleanse the palate, viral nightmare fuel for the parents and grandparents among the HA faithful. If you thought the polls looked dimly on free-range parenting before — 59 percent wouldn’t let their middle-schooler walk to school alone — wait until this has had a full week of circulation on Facebook. How accurate is it, […]

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Lt. Col.: Obama has earned impeachment

While another liberal city burned because of wrong-headed liberal policies by current and former mayors, there were other events of consequence that the mainstream press neglected to cover to a great degree. One of those events was Resident Obama’s continued timidity toward the world’s No. 1 state-sponsor of terror, Iran.

After taunting an American ship, Iranian boats fired shots over the bow of a Marshall Islands-flagged cargo ship, forced it into Iranian waters and seized the vessel. This happened despite Team Obama’s claim that they sent American ships over to the region to “protect shipping.” Many will not be surprised to learn that the Obama administration did nothing in response to these clear acts of aggression toward the U.S. and our allies.

To hear what you missed while the Brian Williams press was focused nearly exclusively on another liberal city in chaos, cue to 22:40 and listen:

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Two Gunmen Open Fire Outside Muhammad Cartoon Contest in Texas; Bomb Squad Responds

In a City Where Democrats Have Reigned for 50 Years, Have ‘Liberal Policies…Failed Baltimore’? Here’s How One Congresswoman Answered

Donald Trump Was Asked What He Thought About the Muhammad Cartoon Event in Texas. His Answer Isn’t What You’d Expect.

Muhammad Cartoon Contest Organizer Clashes With CNN Host Over Texas Shooting: ‘You’re Being Very Condescending’

Touting ‘Democratic Socialism,’ Presidential Candidate Bernie Sanders Asks: ‘What’s Wrong With’ America Becoming More Like Scandinavia?

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US election 2016: Carly Fiorina, Ben Carson enter a crowded GOP field

The two Republicans announced their official presidential bids on 4 May. WAIT, THERE’S MORE…

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Jon Stewart hammers cops, Fox News and naysayers: Ferguson protesters were right

Jon Stewart observed on The Daily Show on Thursday that the Department of Justice’s (DOJ) findings regarding the shooting of Michael Brown and police in Ferguson, Missouri last year had something for everyone — including Fox News. “Let the self-vindicating gloating begin,” St… WAIT, THERE’S MORE…

Originally posted 2015-03-06 00:23:08.

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O’Malley: Don’t blame me for Baltimore

(NATIONALJOURNAL) — The bedrock of Martin O’Malley’s far-fetched presidential bid was supposed to be that he was the man who got Baltimore working again. In contrast to Hillary Clinton’s global legacy as secretary of State, O’Malley’s most solvent argument rested along a harbor of the Chesapeake.

The mayor between 1999 and 2007, O’Malley has long touted the drop in violent crime in his city as a reason he was a credible threat to Clinton. But the death of Freddie Gray last month has become a symbol of police brutality and has catapulted the city into turmoil. Now the spotlight is on how the city arrived in this place, and suddenly that probe has produced an unsettling picture of the aggressive police policies O’Malley once promoted.

It has been a trying week for O’Malley, who canceled a speaking tour of Europe last week to go home to Baltimore. While there, the former mayor was mocked by residents and hardly welcomed back to the streets he has often claimed he cleaned up.

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War on women? Female recruit who failed physical test to join FDNY

Making the grade


This promises to turn into a sticky wicket for the New York City Fire Department. One of their upcoming graduates is going to be accepted into the ranks and go to work as a firefighter despite having failed a grueling physical test multiple times. This comes as a result of recent changes to the city’s […]

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Civil rights expert on Texas shooting: Pam Geller’s hate group got ‘the response they were seeking’

Mark Potok, a senior fellow at the Southern Poverty Law Center SPLC, said on Monday that he was not surprised that Pam Geller’s anti-Muslim group had been targeted by gunmen in Texas because she seemed to be trying to provoke that response. On Sunday, two attackers with assault-style rifles re… WAIT, THERE’S MORE…

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Harry Reid: GOP trying to ‘destroy’ Iran nuke deal to hurt Dems, Obama

Screen Shot 2015-05-04 at 4.01.47 PM

Senate Minority Leader Harry Reid (D-Nev.) on Monday accused Republicans of opposing the emerging Iran nuclear agreement not for policy reasons, but because they simply want to hurt Democrats, and President Barack Obama in particular.

“Before this compromise even came to the floor, certain Senate Republicans were determined to destroy it,” Reid said on the Senate floor. “A number of Senate Republicans are prioritizing presidential politics over national security. Others are simply trying to undermine President Obama.”

Senate Minority Leader Harry Reid (D-Nev.) said Monday that Republicans are only opposing the Iran nuclear deal to hurt Obama and other Democrats. Image: AP

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Why Gay Marriage Matters

RUSH: For millennia marriage has been an institution about specific things. It has not been an arrangement of convenience in the here and now to satisfy surface, specious desires. Marriage has been a commitment. You can say it works or doesn’t. You can say that it’s not always perfect. I don’t care how you want to rip it, but marriage is what it is. Marriage is a union of a man and a woman which has, whether you want to admit it, agree to it or not, one purpose: to propagate the race, to create bloodlines and family lines, family being the keyword, for the express purpose of giving people the best opportunity to be raised in a good way so as to be prepared to meet life as an adult.

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Ex-Rep. Aaron Schock Is Not Missing

And now there’s proof WAIT, THERE’S MORE…

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Man shot multiple times by Baltimore police

(FOXNEWS) — DEVELOPING: Baltimore police shot a man Monday in the same area where massive riots broke out last week over the death of Freddie Gray.

It’s unclear what prompted the shooting. A Fox News crew witnessed a young black male running from police before he was shot.

It’s not known whether the unidentified man was armed. A gun was reportedly found nearby on a sidewalk.

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Iran’s Barbers Union declares: ‘Devil worshipping hairstyles are now forbidden’

Hairstyles of a spiky and unorthodox nature have reportedly been banned in Iran because they imply devil-worship, while tattoos and other male bodily adornments also being outlawed. Jagged haircuts have become fashionable among all strata of Iran’s youthful population in recent years, but have… WAIT, THERE’S MORE…

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Mexico: La Quemada bones show people ate their enemies and hung up the bones for all to see

Mesoamerica people processed the bones of their ancestors and enemies for different purposes. WAIT, THERE’S MORE…

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Special Ops Officer Blows Whistle on CIA Funding ISIS Through Swiss Bank Accounts

Have you ever wondered why President Obama is so willing to chase ISIS into Syria and risk war with Russia, but he allows an ISIS base camp to remain intact only 8 miles from El Paso? Both this article and … Continue reading

The post Special Ops Officer Blows Whistle on CIA Funding ISIS Through Swiss Bank Accounts appeared first on .

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Mediaite: New management at MSNBC may drop the axe on 3 shows

Plus, graft we much?


Has MSNBC finally had enough of leaning forward into a full-tilt decline in ratings? Despite some suggestions that the cable channel’s carriage fees immunizes it from the ratings issue, it’s apparently not enough for the new president of NBC News. Poor ratings may spell the end of three shows, two of which appear in the […]

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Federal Reserve Easy-Money Policies: Impoverishing Savers and Endangering Investors

The standard argument against an easy-money policy is that it creates distortions in an economy that lead to either rapid increases in the price level, like we endured in the 1970s, or unsustainable asset bubbles, like we experienced last decade.

Those arguments are completely valid, but they only tell part of the story.

Central banks also should be criticized because “quantitative easing” and “zero interest rate policies” create major imbalances in capital markets.

A major new study from Swiss Re quantifies the damage to savers. Here are some excerpts from a CNBC report.

The Federal Reserve’s efforts to stimulate the U.S. economy after the financial crisis ended up costing savers nearly half a trillion dollars in interest income, according to report released Thursday. Since the central bank dropped interest rates to near zero at the end of 2008, savers have labored under plain-vanilla bank accounts and money market funds that have yielded close to nothing. …In a landmark report, Swiss Re quantifies just how much savers and others have languished… The reinsurance firm put the number at $470 billion in the 2008-13 period studied, so the number is likely even higher now. …”the impact of foregone interest income for households and long-term investors has become substantial.” …Swiss Re said the “financial repression” has taken its toll not only on savers but also on some areas of investing.

Here’s a chart from the Swiss Re report. As you can see, an easy-money policy is a massive tool for redistribution, with savers being hurt and government being subsidized.

Indeed, Swiss Re actually calculates a “financial repression index.”

Financial repression reflects the ability of policymakers to direct funds to themselves that would otherwise go elsewhere.

And the level of this repression has been at record highs in recent years.

It is true that some households benefit from easy money and artificially low interest rates. Their debt expenses have been reduced and they also are enjoying higher asset values.

But those benefits may be fleeting if the end result is a bubble that bursts, as happened in 2008.

Writing for the Washington Times, my Cato colleague Richard Rahn agrees that central banks are hurting savers, but he augments this analysis by making the very important point that easy-money policies simply don’t work.

Government economic policymakers have been trying to solve a problem of too much government spending, taxing and regulation by inappropriately using monetary policy, which has not and cannot solve the fundamental problems (it is like using a hammer rather than a shovel to dig a hole). The major central banks have been holding down interest rates, which is actually a massive indirect tax levied on the world’s savers. Historically, savers would receive about 3 percent interest above the rate of inflation on their safest investments, but now interest rates often do not cover even the low inflation that is occurring in the developed countries. …Many economists expected savers to save less and consume more as a result of low or even negative interest rates… When businesses and individuals look at the world debt situation and the increased chances of another financial collapse, their rational response is to increase “precautionary” savings, even though they are not receiving interest on them.

So the bottom line is that central banks are engaging in “financial repression” today and creating risks of price instability and/or asset bubbles tomorrow.

But there’s no compensating benefit to make all these costs (and future risks) worthwhile.

That’s not a good deal.

So what’s the alternative?

In the short run, the best hope is that central bankers, including the ones at the Federal Reserve, will take their feet off the figurative gas pedal and follow some sort of monetary rule that precludes destructive intervention.

In the long run, the ideal answer would be a return to market-provided private currencies. This isn’t just silly libertarian fantasy. There actually have been countries that successfully used this “free banking” approach.

Professor Larry White has a must-read historical review of what happened before governments monopolized currency issue.

When we look into these episodes, we find a record of innovation, improvement, and success at serving money-users. As in other goods and services, competition provided the public with improved products at better prices. The least regulated systems were not only the most competitive but also by and large the least crisis-prone. …the record of these historical free banking systems, “most if not all can be considered as reasonably successful, sometimes quite remarkably so.”…Those systems of plural note issue that were panic prone, like those of pre-1913 United States and pre-1832 England, were not so because of competition but because of legal restrictions that significantly weakened banks. Where free banking was given a reasonable trial, for example in Scotland and Canada, it functioned well for the typical user of money and banking services.

The history of central banking, by contrast, is not nearly as successful. There’s been massive erosion in the value of money and central banks are largely responsible for the boom-bust cycle that has afflicted many economies.

At this point, you may be wondering why central banking triumphed over free banking if the latter is so superior.

The answer is simple. As Professor White explains, look at what’s in the best interest of the political elite.

Free banking often ended because the imposition of heavy legal restrictions or creation of a privileged central bank offered revenue advantages to politically influential interests. The legislature or the Treasury can tap a central bank for cheap credit, or (under a fiat standard) simply have the central bank pay the government’s bills by issuing new money. …Central banks primarily arose, directly or indirectly, from legislation that created privileges to promote the fiscal interests of the state or the rent-seeking interests of privileged bankers, not from market forces.

In other words, a system of competitive currencies is perfectly plausible, but it’s not in the interest of politicians (just as having no income tax is plausible, but also not in the interest of politicians).

For more information on free banking, here’s a video I narrated for the Center for Freedom WAIT, THERE’S MORE…

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Watch: State Dept. refuses to admit Clinton charity violated a deal to report donors

The State Department on Monday refused to admit that the Clinton Health Access Initiative failed to live up to an agreement to disclose all information about foreign donors while Hillary Clinton was secretary of State, even though the foundation has admitted to this already in the press.

It became clear last week that the group didn’t submit any information to the State Department on the foreign donations it received when Clinton was secretary of State, from 2009 to 2013.

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