When Anti-Drug Propaganda Undermines Itself

An anti-drug pencil with a hidden message:

Found poetry.

No, that isn’t a Photoshop. Pencils like those really were
manufactured back
in 1998
. Apparently, no one involved in making and distributing
the product picked up on the problem until a fourth grader pointed
it out. “We’re actually a little embarrassed that we didn’t notice
that sooner,” a spokesperson at the Bureau for At-Risk Youth said
at the time.

Now these
jokers
 have revived the design and are selling pencils
bearing the slogan again, this time with more self-awareness. It
comes in a pack of five, so if you want to mount four of them on
the wall in the above arangement you can still have one left over
to write with.

[Via Boing
Boing
.] 

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Supreme Court Allows State Class Actions to Proceed Against Security Fraud ‘Ponzi Scheme’

The U.S. Supreme Court ruled today that a federal law which
“forbids the bringing of large securities class actions based upon
violations of state law” does not preclude the bringing of state
class action suits against associates of billionaire financier
Allen Stanford, who is currently serving a 110-year federal prison
sentence for securities fraud.

At issue in Chadbourne & Parke LLP v. Troice is
whether the the Securities Litigation Uniform Standards Act of
1998, which says plaintiffs may not bring a class action suit
“based upon the statutory or common law of any State” when those
plaintiffs allege “a misrepresentation or omission of a material
fact in connection with the purchase or sale of a covered
security,” precludes the state class actions filed in response to
what has been described as Standford’s securities fraud “Ponzi
scheme.”

Writing for a 7-2 majority, Justice Stephen Breyer ruled today
that federal law does not bar the state suits from proceeding. “The
basic consequence of our holding,” Breyer wrote, “is that, without
limiting the Federal Government’s prosecution power in any
significant way, it will permit victims of this (and similar)
frauds to recover damages under state law.”

Writing in dissent, Justice Anthony Kennedy, joined by Justice
Samuel Alito, charged the majority with weakening federal
protections for future investors victimized by securities fraud.
“Today’s decision, to a serious degree, narrows essential
protection for our national securities markets, protection vital
for their strength and integrity,” Kennedy wrote. “The result will
be a lessened confidence in the market, a force for instability
that should otherwise be countered by the proper interpretation of
federal securities laws and regulations.”

At a glance, today’s majority features an usual ideological
line-up, with conservatives such as Justice Clarence Thomas joining
the decision of liberal Justice Stephen Breyer. But in fact Thomas
has a well-established record of siding with the Court’s liberal
bloc in what might be termed “regulatory federalism” cases. In
2009, for instance, Thomas sided with Justice John Paul Stevens’
6-3 ruling in Wyeth
v. Levine
, which held that federal law did not preclude a
state lawsuit filed against a pharmaceutical company. Two years
later, in Williamson
v. Mazda Motor of America, Inc.
, Thomas filed a
concurrence explaining why the federal Motor Vehicle Safety Act
should not trump a more restrictive California seat belt
regulation. His vote in that case prompted one liberal legal
advocate to describe
Thomas as a “surprising ally for progressives.”

Today’s ruling in Chadbourne & Parke LLP v. Troice
is available here.

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SCOTUS Rules Against Anti-War Protester Removed from ‘Protest Area’ By Military

Writing today for a unanimous Supreme Court, Chief Justice John
Roberts affirmed the power of a military base commander to oversee
what goes on in a government-designated “protest area.”

The case of United States v. Apel arose from a March
2003 incident when an anti-war protester named John Dennis Apel was
arrested and convicted for trespassing and vandalism at
California’s Vandenberg Air Force Base. After several more such
incidents, Apel was banned from setting foot on Vandenberg property
for a period of three years, a restriction that included banning
him from a designated protest zone. Apel refused to comply with
that order, however, and was subsequently removed from the protest
area.

According to Apel, because the protest area is located on a
parcel of land adjacent to a public highway that traverses base
property, the protest area itself is not under the “exclusive right
of possession” of the U.S. government. Apel further argued that the
protest area lies “outside the entrance” to Vandenberg, and should
therefore not count as military property since “no military
operations are performed” on it.

The Supreme Court unanimously rejected those arguments. “We
decline Apel’s invitation to require civilian judges to examine U.
S. military sites around the world, parcel by parcel, to determine
which have roads, which have fences, and which have a sufficiently
important, persistent military purpose,” declared Chief Justice
John Roberts. “The use-it-or-lose-it rule that Apel proposes would
frustrate the administration of military facilities and raise
difficult questions for judges, who are not expert in military
operations.”

Notably, today’s ruling did not address the separate question of
whether Apel’s removal from the protest area violated his rights
under the First Amendment. That issue will be the subject of
further proceedings by the lower courts. Two members of the Supreme
Court, however, did signal their sympathy for Apel on this point.
Writing in concurrence, Justice Ruth Bader Ginsburg, joined by
Justice Sonia Sotomayor, observed, “When the Government permits the
public onto part of its property, in either a traditional or
designated public forum, its ‘ability to permissibly restrict
expressive conduct is very limited.’” As for Apel, Ginsburg’s
concurence added, “it is questionable whether Apel’s ouster from
the protest area can withstand constitutional review.”

The opinion in United States v. Apel is available
here.

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Landmark to honor coach Friday

This Friday has been designated as Phil Williams Night at Landmark Christian School, as a beloved former coach is to be honored for his years of service to the community.

Before the 7 p.m. baseball game against Chapel Hill, there will be a 6:45 ceremony honoring Williams. All former players, parents and friends from the Douglas County area as well as the Landmark Christian School community and others are invited for the celebration.

The game is an early-season matchup between two of last year’s playoff teams. Admission for students and adults is $5 each.

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Landmark to honor coach Friday

This Friday has been designated as Phil Williams Night at Landmark Christian School, as a beloved former coach is to be honored for his years of service to the community.

Before the 7 p.m. baseball game against Chapel Hill, there will be a 6:45 ceremony honoring Williams. All former players, parents and friends from the Douglas County area as well as the Landmark Christian School community and others are invited for the celebration.

The game is an early-season matchup between two of last year’s playoff teams. Admission for students and adults is $5 each.

via The Citizen http://ift.tt/1c8CNVY

Chiefs shine on Westlake track

The McIntosh Chiefs opened their track season over the weekend at the Lions Chick-fil-A Showcase at Westlake.

The Chiefs got wins from Taylor Huntley in the 800 meters (1:59.77), Alyssa LeClaire in the 1600 (5:43.32) and Nicole Zaubi in the 3200 (12:50.34).

Morgan Frederick won the high jump (4-08.00) and the girls’ 4×800-meter relay team was also a winner (10:45.85).

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Lady Panthers win 3-0 over Lambert

The Starr’s Mill Lady Panthers soccer team traveled to Suwanee Tuesday night and picked up a 3-0 win over Lambert.

After a scoreless first half, the team got on the board when Rachel Catlett’s corner kick found Carly Pressgrove on the back post and she volleyed the ball into the net.

Molly Moroney was played in behind and beat the keeper twice, hitting the post first and following her rebound to double the advantage.

Later it was Moroney marauding forward again with a fierce shot the keeper parried to Ashley Broderick who hammered home to complete the 3-0 victory.

read more

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Zero Tolerance Teaches Students Important Lessons About Authority: Don’t Share Information, Don’t Consent to Searches

beer, fishing knife, suspended, suspended“It is much easier to apologize
than it is to get permission,” the popular saying goes. One school
in Texas has taught a student a different lesson: better to keep
quiet and hope no one notices than to apologize for a mistake. What
happened,
via WLS
:

Christi Seale says her 17-year-old son Chaz
accidentally confused a beer can for a soda can and packed it in
his lunch.

“He was in a hurry, running late. We were talking about school and
he put it all together and took off for school,” she said.

When he realized his mistake at school, Chaz gave the unopened beer
to his teacher. But that teacher then reported it to the principal
at Livingston High School, who suspended the boy for three days and
then sent him to an alternative school for two months.

Chaz said, “I gave it to the teacher thinking I wouldn’t get in
trouble, and I got in trouble.”

That kind of tone deaf, zero tolerance informed move isn’t going
to discourage students from underage drinking, it’s going to
discourage them from alerting school officials to inadvertent
infractions of school policy.

Meanwhile, a student in Tennessee learned never to consent to a
search, even when you don’t think you have anything to hide.

Via News Channel 5
:

On Thursday, Duren-Sanner, a senior at Northeast High
School drove his father’s car to school. During a random
lockdown, his car was chosen to be searched.

Duren-Sanner gave permission because he said he had nothing to
hide.

His father is a commercial fisherman on the West Coast and had
apparently left a fishing knife in the car. Duren-Sanner’s father
said it might have been wedged between one of the seats.

Duren-Sanner said he told school officials and the Sheriff’s
department the car was his father’s and he didn’t know the knife
was in it.

“He’s like ‘it doesn’t matter it was in your possession anyway,'”
Duren-Sanner said.

School officials suspended him for 10 days, the maximum allowed
under school policy, and then he was reprimanded to attend 90 days
at an alternative school.

He’s probably learned his lesson, not about the dangers of
fishing knives, but about the dangers of consenting to a search.
The beer can and the fishing knife cost the two students a combined
13 days of suspension and five months at “alternative” schools.
Administrators at both schools insist procedures were followed, and
what are they getting paid the big bucks for if not to defer to the
rule book and deny access to their schools to students who’ve
inadvertently run afoul of those rules, even when they haven’t hurt
anyone. Whether they like it or not, they’ve taught the students,
and any classmates paying attention, a valuable lesson on authority
and how stupid and dangerous it can be.

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Fabrice “Fabulous Fab” Tourre to Teach Economics Class at University of Chicago

Just in case you thought for a second that the sorry discipline we call economics couldn’t stoop any further into the gutter of academic idiocy and irrelevance, think again. It’s now being reported that ex-Goldman Sachs trader Fabrice “Fabulous Fab” Tourre (recently convicted on six counts of securities fraud) will be teaching an honors economics class at the “prestigious” University of Chicago.

There’s nothing like an esteemed University setting the already culturally accepted example that ethics are for suckers. Stealing, cheating and corruption are the values most exalted in today’s world. It doesn’t matter how you achieve your wealth, as long as you attain it. After all, it’s not as if you’ll ever get in trouble for it as long as you work for a “Too Big to Jail” bank.

From the UK’s Independent:

Fabrice Tourre, the former Goldman Sachs trader convicted on six counts of securities fraud six months ago, will teach an honours class in economics at the University of Chicago this spring.

Mr Tourre’s weekly Thursday afternoon seminar, called “Elements of Economic Analysis”, is part of his studies for a PhD in economics, after he completed a masters in operations research at Stanford University.

continue reading

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Turkish Lira Blows Out As Graft Scandal Comes Back With A Vengeance

Update as things just got worse: TURKISH POLICE CLOSE DOWN GEZI PARK IN ISTANBUL, CNN-TURK SAYS

As we reported previously, on Monday new revelations in the graft scandal surrounding Turkish PM Erdogan in the form of a leaked phone conversation between him and his son, Bilal, detailing plans how to hide huge sums of cash, by some estimates up to $1 billion, brought back the political crisis that has gripped the nation front and center, and led to renewed demands by the opposition party that the PM resign. It also sent the USDTRY surging to levels not seen in weeks. We said: “Somehow we doubt that Erdogan will resign, however, this latest confirmation that the graft scandal that is and will continue to dodge the Turkish Prime Minister is not going away, may just be the catalyst that pushes the TRY, and with it some of the other recently pacified EMs, back into volatile mode.” Today the crisis is fully back and so is the predicted volatility, with the Lira blowing out by another 400 pip to a level of 2.240, not seen since the first week of February when the Turkish central bank was scrambling to restore confidence in the imploding currency.

 

What prompted this latest risk flaring? Several things. As Turkish media outlet Hurriyet reported, Turkey’s main opposition took to the streets of Istanbul on Feb. 26 to throw away millions of fake bills, in protest against the latest leaked voice recordings incriminating Prime Minister Recep Tayyip Erdo?an and his son.

In the call, apparently made in the wake of the Dec. 17 graft investigation, the prime minister and his son can be heard desperately trying to hide considerable amounts of cash.

 

“Everywhere is bribery! Everywhere is corruption!” shouted the demonstrators, a chant coined following the graft scandal, in reference to the symbolic slogan of the Gezi Park protests, while urging the government to resign.

 

The Republican People Party’s (CHP) candidate for the Istanbul mayoralty Mustafa Sar?gül used harsh language targeting the government over the revelations.

 

All across Istanbul you can see billboards of the prime minister saying ‘strong will.’ Here is a test of your will. Either you prove [that you are not guilty] or you resign and go,” Sar?gül said, referring to the campaign launched by an NGO close to the government after the corruption scandal surfaced. Huge posters of Erdo?an with the motto “strong will” can be seen across Istanbul, plastered near main arteries, on construction buildings and even on stadiums.

 

The fresh tape, leaked onto the Internet late Feb. 24 and allegedly featuring four phone conversations, is significant for being the first source to implicate Erdo?an personally in the vast corruption scandal.

 

The recordings feature Erdo?an and his son discussing how to get rid of a sum of cash equivalent to 2.2 billion Turkish Liras, according to the opposition. In one part of the alleged recording, the son, Bilal Erdo?an, is heard saying that he still needs to dispose of 30 million euros.

 

In a clear reference to the tape, CHP officials handed out fake money amounting to 30 million euros during a demonstration near Taksim Square, throwing the paper banknotes in the air like confetti.

 

“We are ashamed of this situation. Those 30 million euros are only a small share of the amount of cash that the prime minister told [his son] to ‘clean’ on Dec. 17. There is also the mother share. Think about how huge that must be,” said the CHP’s Istanbul provincial head, O?uz Kaan Sal?c?.

 

Erdo?an has virulently rejected the voice recordings on Feb. 25, calling them “fake” and denouncing as a “montage.” CHP head Kemal K?l?çdaro?lu has claimed that they are “as authentic as the Mount Ararat.” The Ankara Prosecutor’s Office has launched an investigation into the tapes, following a request from the ruling Justice and Development Party (AKP).

As we said on Monday, “since Erdogan has already eliminated any judges that are not sympathetic to his regime, the question of how much justice will be revealed is irrelevant.” However, in an indication of how desperate the government is to redirect attention from this latest scandal, a follow up article from Anadolu news agency, reported that a Turkish attorney, Hudaverdi Yildirim, has filed a complaint to Istanbul Chief Prosecutor’s Office against Fethullah Gulen on Wednesday, asking him to be tried of crimes such as, “forming an organization”, ” an organized coup attempt” and “organized deceit”.

Yildirim claimed in his petition that national ‘economic secrets’ and the activities of National Intelligence Service (MIT) were disclosed and an illegal chase was launched.

 

Referring to the December 17 anti-graft operation, Yildirim said: “National secrets were disclosed at the end of the anti-graft operations, which were illegally conducted and the country’s economy was damaged by around US$ 200 billion.”

 

Crimes of treason, a coup against a legal government, qualified deceit, and abuse of power were committed at the same time and by the same people, alleged the petition, adding that Fethullah Gulen, “used his political and moral power on prosecutors, by which he becomes instigator of the prosecutors that target legal government”.

 

The attorney demanded Gulen and his allies be tried of crimes of “forming an organization”, “an organized coup attempt” and “organized deceit and abuse of power.”

 

An anti-graft operation was launched on December 17 in Turkey, which resulted in the detentions and arrests of high-profile bureaucrats, including the sons of three former cabinet ministers and businessmen.

 

Turkey’s government claim it is targeted by a group within the state that has international links. Prime Minister Recep Tayyip Erdogan and senior government officials have blamed the group for ‘attempting to run an agenda of its own with the December anti-graft operation’.

Recall that Gulen, a dissident who currently lives in Pennsylvania, was the person whom the government accused of staging the graft probe which revealed just how deep the government corruption rabbit hole truly goes. That the PM is willing to go all the way in this latest scapegoating persecution perhaps confirms just how concerned the administration is, even if for the time being nothing dramatically has changed except for ever bolder revelations of just how much theft and corruption the current Turkish regime has engaged in.

Finally, should indeed the central bank once again lose control of Turkish FX rates, and should the EM crisis once again return, perhaps the DE Shaw correlation algos will finally realize just how far ahead of themselves they have gotten by simply chasing various carry funding currency pairs as an indicator of “fundamental” value.


    



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