Banks pay no interest, draw no interest from customers.
By John Aidan Byrne -June 7, 2014 | New York Post:
Worried New Yorkers are stuffing record piles of cash under the mattress.
In the wake of the Great Recession, more local residents, fearing wage garnishment and social upheaval, have abandoned banks, which are already exacerbating customer flight by jacking up fees in a low-interest-rate environment.
“More and more people in New York we talk to today than ever before are unbanked,” said financial counselor David Flores of GreenPath Debt Solutions. “We call them the liquid society.”
Salon.com: "Rand Paul knocked off his high horse: How he lost moral high ground in attack on Bergdahl"Submitted by RandWatcher on Sun, 06/08/2014 - 20:34
SALON.com - Excerpt:
Yet what is, at this point, even more absurd is Paul’s claim to the moral high ground in the debate over terrorism and civil liberties, and his implicit suggestion that he, unlike Obama, would protect sacred rights, regardless of politics. If either were true, and if Paul’s talk of rolling back the national security leviathan was more than a mere cudgel with which to bash Obama and court the millennial vote, the presidential aspirant would have said something, anything, during the past week to push back against Republicans’ Bergdahl demagoguery. Because, as should be obvious to us all, the frenzy of outrage and terror the right unleashes every time it sees a chance to portray Democrats as soft on terrorism is the chief political impediment to closing Guantanamo Bay, reining in the NSA, doing away with indefinite detention, and reversing every other infringement on civil liberties that’s occurred in the years since September 11, 2001.
Use it or lose it. That’s the message for House Speaker John Boehner. If he thinks Congress has the power to arrest Lois Lerner for contempt, now is the time. If he shrinks from sending the sergeant at arms to bring Lerner to the Capitol jail after the full House held her in contempt, he’s weakening his own institution.
By Katie Glueck | June 7, 2014
FORT WORTH, Texas — The stage was set for a clash of political titans as three likely presidential candidates and thousands of conservatives gathered here this weekend.
Instead, the Texas GOP convention turned into a blowout bash for Ted Cruz.
The Texas senator was introduced at times as “the next president of the United States.” His speeches were punctuated by chants of “Run, Ted, run!” and supporters mobbed him at his huge exhibition booth. Cruz easily overshadowed fellow potential 2016ers at the event, Kentucky Sen. Rand Paul and Texas Gov. Rick Perry, and he dominated them in a presidential straw poll held there.
Many establishment Republicans disdain Cruz’s stick-it-to-Washington attitude, stoking doubts about whether his appeal is broad enough to win a national election. And the convention unfolded here as establishment Republicans have notched wins this year over grassroots insurgents in key races in states such as North Carolina, Kentucky, and, on Saturday, Virginia.
It is easy to understand the “Messiah Complex” that envelops President Barack Obama and his White House. For years, Obama has been the Great Hope of the Democratic Party and liberal elites, including the likes of the late Senator Ted Kennedy, and even terrorist/liberal intellectual leader Bill Ayers. In fact, when Kennedy endorsed Obama in 2008, he called him a “a new national leader,” who would usher-in a “new generation of leadership.” Those early liberal delusions of grandeur have given way to a sordid record of incompetence and resignations under fire.
By Andrew Zajac and Carter Dougherty
WASHINGTON — The Community Financial Services Association of America, the main payday lending trade group, sued U.S. banking regulators, accusing them of applying “back room pressure” on banks to stop serving the group’s members.
The complaint, filed on Thursday in federal court in Washington, says a federal anti-fraud initiative known as Operation Choke Point unfairly targets online and storefront lenders by claiming they pose a reputational risk to the banks serving them.
Regulators including the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency are engaged in “a concerted campaign” to drive payday lenders out of business by pressuring “banks and other regulated financial institutions to terminate their relationships” with the lenders, according to the complaint.
The Weare New Hampshire police department agreed to pay Carla Gericke, President of the Free State Project who was arrested and charged with wiretapping $57,000 to settle her civil rights lawsuit.
The case follows a Federal case that ruled video taping police is legal.
by Ron Paul | June 8, 2014
President Obama’s recent foreign policy speech, delivered at this year’s West Point graduation ceremony, was a disappointment to anyone who hoped the president might be changing course. The failure of each US intervention thus far in the 21st century might have inspired at least a bit of reflection.
However, the president made it clear that interventionism and American exceptionalism would continue to guide his administration in its final two years. The president said, “I believe in American exceptionalism with every fiber of my being,” adding the dubious claim that “because of American diplomacy and foreign assistance, as well as the sacrifices of our military -- more people live under elected governments today than at any time in human history.”
It’s funny he would mention elections. Last week the Syrians held their first multi-candidate presidential election in 50 years. Almost three-quarters of Syrian voters participated, giving President Assad 88 percent of the vote. After three years fighting a foreign-backed insurgency, voting conditions were not optimal. However, despite State Department claims to the contrary, it can no longer be stated that Assad enjoys no popularity in his country. Even former CIA chief Michael Hayden not long ago envisioned Assad winning a fair election in Syria.
But the US government completely rejected the vote in Syria, with Secretary of State John Kerry calling it "a great big zero," because, as he put it, “you can't have an election where millions of your people don't even have an ability to vote."
POLITICO: Sen. Rand Paul (R-Ky.) is helping open a “GOP engagement office” on Saturday in an African-American area of Louisville, part of a frenetic summer schedule aimed at reaching beyond the party’s traditional base, with explicit appeals to minorities and young people.
In late summer or early fall, Paul plans a major foreign policy address that will give him a prime chance to close a gap with establishment Republicans that has been perhaps the biggest hurdle to acceptance of Paul by party elites.
The police report mentions there was a suspicious male walking up and down each toy aisle, including the aisle the gun was found.
On Thursday, the Myrtle Beach Police Department released a photo of the man they are attempting to identify in reference to the incident. Anyone with information is asked to contact Detective H. Jones at 843-918-1911.
On Friday, Myrtle Beach Police released the identity of the last known registered owner of the handgun: Chavonne Tere Moore.
‘BEAST’ Asteroid That Will Buzz By Earth Big Enough To Wipe Out A City
June 6, 2014 8:42 PM
TAMPA (CBS Tampa) – “The Beast” is coming! That’s the nickname astronomers have given to an asteroid that will nearly sideswipe Earth this Sunday, reports Space.com.
Near-Earth asteroid 2014 HQ124 will be a mere 777,000 miles at its closest approach to our planet, that’s just over 3 times the distance from the Earth to the moon; a close shave by cosmic standards.
eBay CEO John Donahoe has given his latest hint that integration of the world's biggest cryptocurrency with the company's payment platform PayPal is not very far away.
On Thursday, Donahoe said that the e-commerce giant will roll out bitcoin integration "very soon".
"I think there's no doubt digital currency is going to play an important role going forward, and at PayPal, we're going to have to integrate digital currencies into our wallet," Donahue told CNBC.
Unattended children appearing at the US’ southern border? Mike weighs in on this latest immigration development. Lou recounts Monday’s tossing from court of Independent Gazette correspondent Tara Koval. It seems that Lackawanna County CYS solicitor Janine Pavalone had resorted to making unsubstantiated allegations of illegal recording activities on the part of the paper . . . and Judge Margie Moyle proceeded to remove Koval from her courtroom solely on Pavalone’s word.
By LINDSEY SMITH
5:20 PM WED JUNE 4, 2014
Michigan Congressman Justin Amash never gets sick. His car never breaks down and he doesn't take off work for doctor's appointments.
OK, that’s probably an exaggeration.
Amash has represented Grand Rapids in Congress since 2010. He's never missed a single vote on the House floor. He's now cast 2,500 votes in a row. This appears to put Amash and Congressman Steve Womack from Arkansas in a tie for the prize of longest active voting streak of any sitting representative.
He deserves a gold star for perfect attendance or something, no?
By Sandy Fitzgerald
Saturday, 07 Jun 2014 04:49 PM
Kentucky Republican Sen. Rand Paul hasn't officially yet declared himself as a presidential candidate, but he told activists that the GOP needs "a libertarian moment" when it comes to its next nominee, not just another "Chamber of Commerce Republican."
"Chamber of Commerce is fine, I was a member of the Chamber of Commerce, but a Chamber of Commerce Republican is not going to win a national election,” Paul told the Republican Liberty Caucus of Texas at the state GOP convention Saturday, reports Politico.