The Federal Reserve “Explained” In 7 Minutes

As members of the world’s central banks (most importantly Draghi and the ECB this week) are held up as Idols on mainstream business TV, despite their disastrous historical performances and inaccuracies, we thought it time to dust off the dark ‘reality’ behind the Federal Reserve – the uber-central bank… perhaps summed up nowhere better than in the words of former Fed Chair Alan Greenspan himself… “There is no other agency of government which can over-rule actions that we take.”

 

The Federal Reserve in 7 Minutes…

 

Source: Belligerent Politics




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Tonight on The Independents: John Tierney, John Bolton, Bryan Suits and K.T. McFarland on Bowe Bergdahl; Plus Coal Regs, NSA Face-Tracking, International Whore Day, Sexy After-show, and a Texas DEA Raid You Will Not Believe

These are not the M16 scars you're looking for. |||Two weeks ago on this blog, Senior
Editor Brian Doherty
wrote
about a case in Texas that sounds like one of the
weirdest and most infuriating abuses of justice you’ll see:

In a federal/local raid earlier this month on a “smoke shop”
called the Purple Zone in Alpine, Texas, two sisters running the
place were arrested: Ilana and Arielle Lipsen.

Arielle insists she was hit in the head with a rifle by a DEA
agent in what she characterized as an unprovoked
assault. […]

Pictures of Lipsen’s head with the alleged gun butt wound were
taken and spread on Facebook by Tom Cochran, who runs a screen
printing shop whose services the Lipsen sisters used. […]

The document that Ilana Lipsen had to sign to make bond, which I
have seen, included this handwritten demand […]:

“will advice media (Kwest9 news) that he [sic] sister,
arielle lipsen, was not beaten by agents carrying/using a M16
rifle, and her sister instigated/assaulted agents.”

A NewsWest9 report
says Lipsen did
, as ordered, recant her original story.

The pictures have now led Cochran to suffer a public call for
boycott of his business, Big Bend Screen Printing, from
the National Border Patrol
Council
, an AFL-CIO affiliate union for Border Patrol workers.
(Local station NewsWest9 has more
on that
.)

So on tonight’s live episode of The
Independents
(Fox Business Network, 9 p.m. ET, 6 p.m. PT,
repeats three hours later) we’ll have Tom Cochran on to talk about
this crazy series of events.

Party Panel this evening consists of New York Times
science writer-slash-friend of
Reason
John
Tierney
and former Reagan-administration deputy defense
secretary K.T.
McFarland
, who will talk about the two big pieces of news
today: the Environmental Protection Agency’s
proposed rules mandating carbon reductions
, and the
confusing and contested prisoner swap
of five allegedly
Taliban-affiliated Guantanamo Bay prisoners for the
controversial
Army Sgt. Bowe Bergdahl. Later in the show the
Panel will also discuss the National Security Agency’s huge new

facial recognition plans
.

Bowe Bengdahl is back on the menu in the next segment, with
radio host and military veteran Bryan Suits, who is
threatening to bust out with some insiderish knowledge about the
case. Former U.S.
ambassador
to the United Nations
John Bolton
will likely have a thing or two to add on the
subject, though first we want to get his reactions to being a

pawn in Iranian cyberespionage
. And naturally we’ll be
celebrating
International Whores’ Day
.

Aftershow begins on http://ift.tt/QYHXdy
just after 10. Follow The Independents on Facebook at
http://ift.tt/QYHXdB,
follow on Twitter @ independentsFBN, we’ll
use your best Tweets during the show, and click on this page
for more video of past segments.

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Steen Jakobsen: Expect A 30% Stock Market Correction in 2014

Submitted by Adam Taggart of Peak Prosperity,

This week, Chris talks with Steen Jakobsen, Chief Investment Officer of Saxo Bank. We wanted to see through the eyes of a professional economist, which Steen kindly allowed us to do.

Steen agrees that central banks have largely failed in their misguided attempts to boost growth via trickle-down programs. Pretty much all the benefits of the recent years of money printing have gone to the upper echelons, with the true engines of growth and jobs — small to medium sized enterprises (SMEs) — getting very little.

As a result, financial asset prices have been driven up too high, which Steen anticipates will correct at some point in 2014; likely by 30% or so:

Here is my practical view. Since Q3 of last year I’ve been 70% in fixed income because I do believe, and I continue to believe, that we’ll see new low interest rates. In a world that cannot restart itself, it a world that believes in 'extend and pretend', you will not have any activity. You don’t have any move towards a mandate for change. So that means that history tells us the only way we get change is through the system failing. I’m not talking about a systemic failing; I'm talking about people owning up to the fact that we need to activate the SME. So I think we’ll see a progression towards helping the SMEs.

 

But in terms of the market, I have been very on fixed income, an increase in the exposure right now from 70 to 90% taking whatever equity I have down. Not because I’m afraid of 'doom and gloom' but simply because I think you can have a huge amount of leverage into the fixed income market here when everybody seems to believe that interest rates cannot go lower — now confirmed today by the Q1 data from the US. The world is simply starving because the world is rebalancing. The US current account deficit moved from -800 to -400. The world needs $400 billion worth of new export markets before it gets back to break even.

 

At the same time, Asia and China certainly are rebalancing their way from nominal growth towards quality growth. Again, the first derivative of that is lower growth, deflation, exported to the rest of the world.

 

So I think the low comes in economically in Q1 and Q2 in 2015. Every single macro indicator you can find will bottom at Q1/Q2. For the equity market, I think the top is 1900/1950. But you can't both predicted the level and the timing. And I’m more confident about the timing, not the level. So my timing I’m confident, and the timing I am confident on is the fact that the second half of this year is going to see a 30% correction from the top.

He also agrees that rising energy costs and overall resource scarcity are real threats to future economic growth; threats that he believes most economists and investors are blind to.

On all the above, we're in agreement with Steen.

In other areas, our predictions differ. But that's why we have guests like him on the program: to hear the rational behind contrasting views, and to learn what those moving large sums of capital in today's markets are thinking.

Despite the near term likelihood of a major correction, Steen remains quite optimistic. He believes that the correction will be a clearing event not just for overly-elevated prices, but also will serve as a wake-up call about the net energy situation that will lead to better policy decisions. We sure hope he's right, but we sadly think it will take a major price shock or supply shortage of key commodities to get the attention of our leaders.

Click the play button below to listen to Chris' interview with Steen (42m:43s):

 




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The Most Worrying Chart For Europe’s Stability

While we have historically noted the explosion of youth unemployment as a key factor for instability in Europe, there appears to be an ever more concerning indicator of the potential fragility of the European Union. As Bloomberg’s Maxime Sbahi notes, the difference in economic performance (and mood) between France and Germany, often referred to as the European “engine,” is at a record high. This disparity is likely to weaken France and isolate Germany further, heightening political tensions and indecision in the euro area.

And the “mood” of the people – perhaps even more contentiously – is near 30 year highs…

 

Via Bloomberg Brief,

The political consequences of these economic gaps are growing clearer, though the differences in underlying policy choices have been visible for some time. Last week’s European Parliament elections provided a first glimpse of the political shakeout, with the victory of the National Front in France. The country will send a record 24 euroskeptic members to the European Parliament in a total delegation of 74, compared with seven out of 96 from Germany.

Disagreements between the two EU founding members are likely to intensify as past common interests are now strained by increasing economic divergence. Recently, France has repeatedly argued for a relaxation of fiscal targets and called on the European Central Bank to be more proactive to weaken the euro. Germany has retorted by insisting on the ECB’s independence and respect for fiscal discipline, directly warning France against non-compliance with budget commitments.

If the French economy continues its slide from the euro area’s core to the profile of a periphery member, new standoffs are likely to materialize, weakening the Franco-German relationship that has provided leadership in the past. This might slow down the functioning of the euro area, where decisions are mostly made between heads of government in summits. Over the long term, one of the most disturbing consequences is a potential lack of a common strategic view for the euro area’s future at a time when direction is needed more than ever.

If its historic partner is downgraded to a junior status, Germany may grow even more powerful on the European stage. The country may find
itself in a more isolated and uncomfortable
position.




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Presenting 13 “Insane” Proposals To Fix China’s Unprecedented Smog Problem

When it comes to ridiculous, bizarre, and even "insane" contraptions, projects and ideas, China is indeed second to none. Which is why it was only a matter of time before China's engineers came up with unprecedented "solutions" to what has rapidly become perhaps the biggest problem for people living in China: air quality, in a broad sense, and specifically: unprecedented smog covering all the major metropolises on a daily basis.

As Vagabond Journey explains "China’s air quality has gotten so bad that it has been described, rather accurately, as resembling nuclear winter, as crazy bad, even as something chewable. It is no longer uncommon for people to wake up in the morning and not be able to see through the opaque haze far enough to cleanly make out the buildings right across the street."

What makes the situation even worse is that the problem is no longer localized to big cities and major manufacturing centers, and “storms” of insanely thick air pollution now have the power to cover incredible swaths of the country (i.e.  the ENTIRE northeast or from Shanghai to Chongqing), shutting down cities and blanketing even natural areas for thousands and thousands of miles.

But fear not: China is on top of it.

Declaring war on air pollution, the PRC is prepared to pump 1.7 trillion yuan ($277 billion) into coming up with solutions to curb the fuzzy sludge that opaques most of their country’s cities. This has led to the creation of several new and innovative, interesting — even ridiculous — pollution fighting methods

So here, courtesy of VJ, are the 13 most head-scratching proposals intended to do just that: fix China's smog. Good luck.

#13. Sky Watering Skyscrapers

Technically, it is called precipitation scavenging. In actuality all this means is turning skyscrapers into giant sprinklers in an effort to wash the skies of pollution. “If you can offer a half-hour watering your garden, then you can offer a half-hour watering your ambient atmosphere to keep air clean . . . ,” rings the sales pitch of this rather lo-fi geoengineering strategy.

Basically, precipitation scavenging works on the premise that rain clears smog, so artificial rain should do the same. To create “rain,” giant sprinklers will be attached to the roofs of tall buildings in China’s most polluted cities. During times when the air pollution rises due to a lack of rain the sprinklers will turn on, pulling SO2, NOx, and other airborne poisons out of the sky and dropping them down to the ground below. Researchers estimate that even on China’s worst air days it would only take a few hours to a few days of artificial rain to drop the PM 2.5 content down to 35 µg m-3, the recommended WHO limit — leaving blue skies in its wake.

As for where this water will come from, researchers say that it could easily be taken from nearby lakes and rivers, where it could be pumped up to the tops of skyscrapers, sprayed, collected, and then cycled back through the system. Though I have to admit that the thought of having the bubbling sludge from many of China’s polluted waterways being sprinkled out on top of my head doesn’t sound very appealing. The last thing we need is a second deadly aerial assault.

As for the cost of precipitation scavenging, researchers estimate that it would only take 1 kilowatt hour of electricity to lift one ton of water 200 meters, which would apparently only cost around $0.05. “. . . the low-tech nature of this geoengineering approach has led us to believe that it will cost much less than many other interventions such as cutting emissions.”

(Yes, that’s  a direct quote.)

Oh yeah, proponents of precipitation scavenging would also like to add that their system comes with a built in duel purpose bonus: it could also be used to fight fires.

Read Shaocai Yu’s research on this geoengineering method.

#12. Giant Floating Jellyfish-Like Acid Eating Membranes

If you don’t necessarily like the idea of artificial rain showers of potentially toxic Chinese river water knocking particulate matter out of the sky then here’s another solution you may prefer. It consists of launching squadrons of giant floating jellyfish-like membranes into the sky that eat SO2, NOx, and other pollutants which harm plants, animals, architecture, and humans, and then turning them into reclaimed water and chemical fertilizer.

Floating jellyfish?

Technically they’re called aerocysts.

Aerocysts?

Giant membranes filled with H2.

The H2 makes the aerocysts float and the long flowing tentacles hanging off of their bottoms make them look unequivocally like jellyfish.

If this strategy is ever implemented on a large scale China’s urban skies will be full of these things hovering 200-300 meters off the ground, where the most acidic pollutants hang out. The membrane, which makes up the jellyfish-like “head” of the apparatus is porous and will suck in the acidic materials it touches, thus removing them from the environment.

But these dystopian drones don’t stop there, as after the acidic materials are collected they are run through an on-deck purifier, which neutralizes them with with an on board microorganism produced alkaline substance. The now PH balanced gunk will then be transformed into a neutral, benign liquid with ammonium salt, which will conveniently be derived from the plants which will be growing off of the tentacles. When all filled up, the aerocysts will be programmed to return to port and deposit the liquid into a receptacle, where it can later be used as reclaimed water.

#11. Smog Fighting Drones

While talking about unmanned aerial anti-pollution devices we can’t leave out the array of smog fighting drones that are being tested throughout China. The most promising is a parafoil drone, which basically looks like a generator hanging from a parachute, that is being developed by the Aviation Industry Corporation of China. It’s function is to soar through the air blasting PM 2.5 particles with a chemical which freezes them, thus making them fall to the earth below. Each of these drones can clean a five square kilometer area, which is about large enough to scrub the air around an airport, port, or, as the case may be, urban districts where select groups of influential citizens wish to have cleaner air. Apparently, the Chinese government has already been using fixed-wing drones to chemically remove smog for some years now, but this new design allows each one to carry far more ammunition.

Though, of course, nobody really knows what effect these airborne “chemicals” will have on the humans and environment they will inevitably dust below.

#10. Impregnating the Air with Liquid Nitrogen

It is know that under the right circumstances artificially cooling particulate matter can disperse them from the atmosphere, and liquid nitrogen has been shown to be one of the best smog fighting chemicals yet available. Basically, the idea is to blast industrial coolant into the sky, which can cause crystals to form on PM 2.5 particles, whereupon gravity will do the rest. This method can also create a blanket of cool air which prevents warmer, polluted air from reaching the street surface.

“It is possible in theory to create a smog-free zone with liquid nitrogen and a shield against air pollutants with man-made cold, but even in laboratories we handle liquid nitrogen with care due to its extremely low temperature,” Dr. Wang Xinfeng, a researcher out of Shandong University in Jinan, told the SCMP.

#9. Cloud Seeding

As we’ve previously discovered, precipitation knocks smog out of the skies. So why not just create rain and snow? Cloud seeding, an anti-pollution measure which consists of blasting silver iodine packed rockets into clouds, is back. This was one of the ways that Beijing manufactured blue skies for the Olympics, and, according to a document published by the China Meteorological Administration, in 2015 local municipalities across China will be given the go ahead to use it at will.

When the silver iodine is shot into the clouds it assists in the formation of ice crystals, which then melt and drop to the ground below as rain, cleaning the skies in the process.

As a side note, silver iodide is toxic.

#8. Just Vacuum It

It has been suggested by Dutch researcher Daan Roosgaarde that China could create patches of clean air by essentially vacuuming it up. The method consists of burying Tesla coils just beneath the ground, which would then create an electrostatic field that could create a shaft of clean air by sucking away particulate matter and depositing it on the ground. In laboratory tests at the University of Delft, Roosgaarde has been able to clear smog from a one cubic meter area in five cubic meter room. He currently has a deal with Beijing to test out one of these devices in one of the city’s parks.

#7. Biodomes

A year or so ago a high-end school in Beijing offered my wife a job. Like so many others, she ultimately turned it down due to the atrocious quality of the city’s air. The school’s rebuttal was that they were building a giant bubble around their playground. This fact came off as more frightening than enticing: Is the air there really so bad that people are living in airtight domes?

In China’s smog encapsulated wealthy cities biodomes may soon become a part of life. Well, they may someday become a part of life for those who can afford to go to institutions that can pick up the tab — as at $950 per square meter, biodomes don’t come cheap.

These structures are essentially giant transparent domes that can enclose gardens, playgrounds, sports centers, schools yards — maybe someday even homes or entire neighborhoods. The ambient environment within these pods will be controlled, the air will be filtered of particulate matter and other pollutants, essentially creating an entire artificial environment.

From Dvice:

The “Bubbles” concept is designed to be an encapsulated oasis of clean air, much like the planet-sized air shield from the movie Spaceballs. Bubbles won’t be anywhere near planetary, of course. Instead, this air shield will house a park and botanical garden. Above the canopy, an undulating glass roof will contain translucent solar cells meant to collect whatever light actually penetrates Beijing’s Mordor-like perpetual gloom.

Though their builders are approaching them like any other project. “It’s just an infrastructure project like building metro stations and parks,” said Rajat Sodhi of Orproject, a British company that specializes in biodomes. (Yes, there are now companies specializing in biodomes). Perhaps more than anything else on this list, this strategy makes us realize that yes, it has really come to this.

#6. Banning Outdoor Barbecues

Air pollution looks like smoke and, well, smoke looks like smoke. Cooking food produces smoke, so perhaps cooking could be partiality responsible for the atrocious state of China’s air? Apparently, this is the thinking behind Beijing’s ban on outdoor barbecues. According to the Global Times, almost 13% of the particulate matter in Beijing’s air comes from cooking. That doesn’t quite seem right, but as the GT is the international mouthpiece of the PRC who could deny it? The outdoor barbecue ban was first enacted in 2000 but was not enforced until recently, when the city’s chengguan have been going around smashing smoke emitting street food stales and fining their proprietors.

#5. Removing 6 Million Cars

Calling the country’s environmental situation “extremely grim,” the PRC announced that it will remove nearly 5.3 million higher polluting cars off the roads this year. Basically, all vehicles manufactured before 2005 are going to get the boot. 330,000 will be removed from Beijing alone, and an incredible 660,000 will be decommissioned in Hebei Province, which is one of the smoggiest regions in the world. China currently has 240 million automobiles on the road, half being passenger cars. Though, in rather typical Chinese fashion, the decree lacks a disclosure as to how this measure is going to be put into effect.

Along with this initiative comes a plan to require gas stations in Beijing, Shanghai, and a handful of other large cities to sell only the highest grade, lowest polluting fuel available.

Actually, this doesn’t seem to be that deranged of a pollution fighting method after all.

#4. Removing Mountains

In 1997, Lanzhou’s Daqingshan Project aimed to remove a 1,689 meter high mountain that encased the city improve its air quality — as well as to create a little extra land that could be sold to developers. Lanzhou also has some of the worst air on the planet, which is partially a result of the fact that it sits deep down in a valley and is hemmed in on all sides by mountains. So to increase circulation a little and whisk away some smog the city decided to just remove one of the largest mountains that rose above it. They actually removed half of it before it became obvious that it just wasn’t going to work: the air quality remained as sordid as ever.

This is not a potential “solution” that has yet been replicated elsewhere.

#3. Coal by Wire

Out of sight out of mind. Or, more poignantly, if it’s far away from major cities then who gives a shit seems to be the philosophy behind China’s coal by wire initiative. This is one of the most massive infrastructural projects going in the world today, and consists of building large amounts of coal fired power plants way out in remote places in China’s north and west and sending the energy over thousands of miles to big cities. The initiative is a continuation of an ongoing movement to decentralize and disperse heavy polluting industries into the hinterlands of the country, where less people will see them and feel their immediate effects.

So in-focus places like Beijing and Shanghai will become less and less polluted while previously pristine areas that hardly anybody knows even exist, like Hulunbuir, will become wastelands. Already, the wide open grasslands of Inner Mongolia are speckled with expansive arrays of power plants, and this looks to be a trend that will be intensified over the coming decades.

The biggest problem with coal by wire, besides environmentally assaulting millions of innocent bystanders and destroying China’s last unpolluted frontiers, is the fact that the places most of the power plants are going tend to have a low supply of water. As coal fed power plants need incredible amounts of freshwater to function, there is a definite conflict of interests built into this initiative.

#2. Turning Coal into Gas

China plans to cut down the particulate matter in the northern reaches of the country by 25 per cent by 2017. One of the main ways it intends to do this is by turning coal into gas. While coal is often blamed for the most of China’s air pollution woes, natural gas burns cleaner, creating less emissions. So why not just convert the coal to natural gas in order to use China’s abundant supplies of this energy source in a way that will create less air pollution? That’s the strategy behind China’s new initiative to raise synthetic coal-to-gas output to 50 Bcm a year by 2020, which would account for 12.5% of the country’s total domestic gas supply. To these ends, approval was given to build 18 new large scale synthetic natural gas (SNG) plants across China’s northern fringes.

 

Though this plan does not seem to be the environmental solution it’s initially billed to be:

While SNG emits fewer particulates into the air than burning coal, it releases significantly more greenhouse gases than mainstream fossil fuels. Peer-reviewed studies in the journal Energy Policy estimate that life-cycle CO2 emissions are 36–108 percent higher than coal when coal-based SNG is used for cooking, heating, and power generation. Rapidly deploying SNG projects might, therefore, be a step backward for China’s low-carbon energy strategy.

According to the World Resources Institute (WRI), the production of synthetic gas could ultimately result in twice the total carbon emissions as coal-fired energy.

Converting coal to natural gas is also takes an incredible amount of water. It takes 6-10 liters of water to produce one cubic meter of SNG. As most of the new coal to gas power plants are to be built in the China’s arid northern regions — Xinjiang and Inner Mongolia — they will further add stresses to a water table that’s already coming close to tapping out.

Like the Coal By Wire initiative, SNG production is an effort to keep the big cities of China’s east running with cleaner skies by exporting environmental stresses out to the hinterlands:

Under a memorandum of understanding with the Inner Mongolia Government, Beijing will become the first Chinese city powered by SNG, receiving at least 4 billion cubic meters of the fuel annually. This production would consume more than 32 billion liters of freshwater, enough to meet 1 million Inner Mongolians’ domestic needs for an entire year.

#1. Building Ecocities

The words “eco” and “city” combined together in any fashion sound like an oxymoron. If ecological well-being alone was truly the goal, China probably wouldn’t being plowing up thousands of square kilometers of agricultural fields, small villages, wooded areas, and foothills to build new ecocities. “It’s difficult everywhere, all over the world, to develop something like cities in a sustainable way,” spoke Fanny Hoffman-Loss, the principle architect of the Nanhui eco-city that sits at the far edge of Shangha’s Pudong district. Though there are nearly 300 ecocities that are being built across China. That’s around one ecocity per every two municipalities in the entire country, and the trend is expected to grow until 50% of all new urban developments will flaunt the “eco” banner. These cities are sold as being a low polluting alternative to conventional cities, tend to have tight emissions standards, and are meant to be models for future urbanism. But does building any type of new city from scratch actually serve to better the environment in anyway? Who knows, but in the mean time these intriguing cutting edge developments can at least take our minds off the thick gray air that invariably hems them in.

Conclusion

In the war against air pollution China is obviously very committed, but one relatively decent solution is oddly missing from this list: a reduction of coal power. As emissions from coal fired power plants make up a huge portion of China’s particulate matter it would seem as if improving air quality would mean an immediate transitioning away from this source of energy. But that’s not the case — at least not anytime soon. In fact, China is actively at work increasing its coal power capacity. By 2020 China’s coal derived energy will rise by 75%, taking on another 557GW (around half the total energy capacity of the USA) from 363 new coal fired power plants. China already burns nearly as much coal as almost the rest of the world combined, and plans to rise this intake from 3.5 billion tons per year (2012) to 4.8 billion tons by 2020. Though the PRC claims that it aims to reduce coal power to 65% of the nation’s total energy supply in the coming decade, it also plans on nearly doubling its total energy output — which will be primarily lead by increasing coal energy production.

Yes, in the face of mass public discontent, millions of premature deaths, a pandemic of respiratory illnesses, and economic backlashes due to air pollution, China is rampantly increasing it’s use of coal as an energy source. As each coal fired power plant has a lifespan of 50 to 75 years, China will remain dependent on this energy source throughout most of the coming century — and it’s skies will remain a murky gray sludge, no matter what insane pollution fighting measures are taken.

While some say that tighter regulations on industrial pollution, stronger emission standards, and a quicker transition away from coal power would drastically improve the quality of China’s air, the PRC would apparently rather go with sci-fi-esque smog fighting drones, floating acid eating membranes, biodomes, air sprinkling skyscrapers, cloud seeding, and aerial liquid nitrogen blasters. China wants to have their emissions and breath clean air too, but even with squadrons of pollution scrubbers hovering over airtight domes in the middle of ecocities, ‘Airpocalypses’ will more than likely remain an integral part of the China experience for a long time yet.




via Zero Hedge http://ift.tt/1kjYdSB Tyler Durden

Ron Paul: “Mental Health Screening A Good Way To Decrease Liberty, Poor Way To Increase Security”

Submitted by Ron Paul via The Ron Paul Institute,

Last week Americans were shocked and saddened by another mass killing, this one near a college campus in California. We all feel deep sympathy for the families of the victims.

As usual, many people responded to this shooting by calling for new federal gun control laws, including the mental health screening of anyone attempting to purchase a firearm. There are a number of problems with this proposal. Federally-mandated mental health screenings would require storing mental health records in a government database. This obviously raises concerns about patient privacy and doctor-patient confidentiality, as well as the threat of identity theft. Anyone who doubts that these are legitimate concerns should consider the enormous privacy problems with the Obamacare website; some have even suggested that healthcare.gov be renamed indentifytheft.gov.

Giving government the power to bar some Americans from owning guns by labeling them as “mentally ill” could easily lead to serious abuses. Even authors of mental health manuals admit that mental health diagnoses are subjective and can be based on “social constructions.” Thus, anyone whose behavior deviates from some “norm” could find himself deprived of his second amendment, and possibly other, rights.

People could be even be labeled “mentally ill” because they are outspoken critics of the government. Currently, as part of the Department of Homeland Security’s “Operation Vigilant Eagle” program, veterans who express dissatisfaction with government polices run the risk of being labeled mentally-unstable terrorist threats. There has also been at least one federally-funded violence prevention program that determined that holding certain political and social views indicates a propensity for violence. So there is precedent for labeling those with unpopular political beliefs as being “mentally ill.”

We have also seen how US presidents from both parties have used the IRS to target political opponents. Imagine the potential for abuse if those same politicians had access to the mental health records of their political opponents, or the power to label opponents mentally ill because those opponents were “dissatisfied” with the government?

People who say that the threat to liberty posed by mental health screenings is outweighed by the enhanced security they provide should consider that expanding background checks and mental health screening is unlikely to make us safer. Professor Richard Alan Friedman, director of the Psychopharmacology Clinic at Weill Cornell Medical College, has written that it is imposable to predict whether an individual will act in a violent manner.

One effective way to limit mass shootings may be to repeal gun control laws that, by disarming the law-abiding, turn the innocent into victims. Like most recent shootings, this one took place in a location where the attacker could be confident his intended targets could not defend themselves. It is interesting that even though the attacker used hammers and knives on some of the victims, no one is calling for background checks on those wishing to purchase hammers.

Instead of focusing on passing more laws, our focus should be replacing the entitlement culture with a culture of self-responsibility and respect for the rights of others. Government can help this process by ending its routine violation of our rights and the use of violence as a means to achieve domestic and foreign policy goals. This is not to suggest that government policies are directly responsible for the shootings, but it is not unreasonable to suggest that growing up in a time of preemptive war may feed a deranged person’s delusion that violence is a proper way to deal with personal frustrations. Fixing the culture is much more difficult than passing new laws but is the only way to guarantee our liberty and our security.




via Zero Hedge http://ift.tt/1uaJpYs Tyler Durden

This is Huge – Bitcoin Apps May Finally be Coming to Apple

Screen Shot 2013-11-25 at 5.56.51 PMApple’s brand suffered earlier this year when the company decided to ban the  Blockchain Bitcoin app. In fact, it unleashed such a firestorm that diehard technologists and Bitcoin fans took to YouTube to post videos of themselves destroying their iPhones in a number of creative ways, including with a sniper rifle and a machete. In the event you haven’t seen these before, you can watch some of them here.

Moving along to the topic at hand, many people are closely scrutinizing Apple’s policies today due to the kickoff of the company’s annual Worldwide Developer Conference. For folks within the Bitcoin community, focus has been on a small recent entry within the section on “Purchasing and Currencies” within the document: App Store Review Guidelines. See below:

continue reading

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Groundbreaking Louisiana School Choice Bill Would Rescue Kids From ‘F’ Schools

Bobby JindalAfter a pivotal vote in the legislature,
Louisiana is now set to become the first state to extend school
choice to all students trapped in failing public schools. Education
reformers just have to wait for Gov. Bobby Jindal’s signature.

Today, the state legislature passed Senate Bill 61, known as the

Louisiana Public School Choice Act
. If signed into law by
Governor Bobby Jindal, the bill would allow parents of students in
schools graded “D” or “F”to enroll their child in any public school
that is graded “C” or above, beginning in the 2014–2015 school
year. Parents throughout the state would no longer be limited by
arbitrary school district lines that force their children to attend
failing schools.

Louisiana has already made a name for itself as the Silicon
Valley of education reform with the state’s Recovery School
District (RSD)—the first all-charter school district in the nation,
where kids enroll in the public charter school of their choice.
Signing Senate Bill 61 into law would further move the needle for
school choice, making Louisiana the first state to enact a
statewide open enrollment policy.

In 2003 then-Governor Kathleen Blanco signed Act 9 into law,
giving the Louisiana Board of Elementary and Secondary Education
(BESE) the legal authority to take over failing schools and place
them in the newly created state-run Recovery School District. After
Hurricane Katrina devastated much of the state in 2005, the
threshold for what constituted a “failing school” was lowered,
giving BESE even greater jurisdiction to move more failing schools
into the RSD.

New Orleans Parish was the district most impacted by the new
law, and 114 chronically low-performing schools were shifted into
the RSD to be taken over by non-profit and charter school
providers. Only 17 schools remained under the control of the
Orleans Parish School Board—an education authority overseeing
abysmally underperforming schools and suffering from a long record
of fraud and corruption that yielded several FBI criminal
indictments.

Since then, the Orleans Parish School Board has reduced the
number of employees in its central office from 1,300 before
hurricane Katrina to only 60, allowing more money to flow directly
to schools.

New Orleans now has the largest concentration of charter school
students in the nation: Over 90 percent of students attend a public
charter school of their choice. And as of 2013, New Orleans
implemented citywide open enrollment for both traditional public
and charter schools operating under the RSD and Orleans Parish
School Board using a single computerized system called
OneApp
.

The district has shown tremendous gains in academic performance
and the percentage of students enrolled in “F” schools has improved
from nearly 75 percent in the 2004-2005 school year to only 2
percent this past school year.

Just last week, the RSD closed the last traditional public
school under its jurisdiction, making it the first all-charter
district in the nation. That means Louisiana is the first state to
have a school district with open enrollment where money follows the
children to the schools of their choice, and schools have complete
autonomy over how they operate. In exchange, schools are
accountable to the needs of students and parents.

Signing the Louisiana Public School Choice Act into law would
allow traditional public schools to have the same open enrollment
policies as public charter schools. Also, state and federal dollars
would follow eligible students to the school system that they
choose, creating an incentive for schools to attract these students
and the money following them.

Louisiana has been a national leader for school choice, and the
academic results in places like New Orleans have proven that these
policies work. If Senate Bill 61 is signed into law—which seems
very likely, given Jindal’s support for the issue—it will further
expand options for children and families and empower parents to
choose the educational experience that best suits their children’s
needs.

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