A lot of things that have not happened since the last recession are starting to happen again. As you read the list below, you will notice that the year "2009" comes up again and again. There is a reason for that. Many of the same patterns that we witnessed during the last major economic downturn are starting to repeat themselves. In fact, many of the things that are happening right now have not happened in quite a few years. For example, manufacturing activity in the U.S. has contracted for the first time in four years. The inventory to sales ratio is the highest that it has been in four years. Average hourly compensation just experienced the largest decline that we have seen in four years. We also just witnessed the largest decline in the number of mortgage applications that we have seen in four years. After everything that Barack Obama, the U.S. Congress and the Federal Reserve have tried to do, there has been no real economic recovery and now the U.S. economy is suddenly behaving as if it is 2009 all over again. A whole host of recent surveys indicate that the American people are starting to feel a bit better about the economy, but the underlying economic numbers tell an entirely different story. Read The Full Story
This is no time to be complacent. Massive economic problems are erupting all over the globe, but most people seem to believe that everything is going to be just fine. In fact, a whole bunch of recent polls and surveys show that the American people are starting to feel much better about how the U.S. economy is performing. Unfortunately, the false prosperity that we are currently enjoying is not going to last much longer. Just look at what is happening in Europe. The eurozone is now in the midst of the longest recession that it has ever experienced. Just look at what is happening over in Asia. Economic growth in India is the lowest that it has been in a decade and the Japanese financial system is beginning to spin wildly out of control. One of the only places on the entire planet where serious economic problems have not already erupted is in the United States, and that is only because we have "kicked the can down the road" by recklessly printing money and by borrowing money at an unprecedented rate. Unfortunately, the "sugar high" produced by those foolish measures is starting to wear off. We are going to experience a massive amount of economic pain along with the rest of the world - it is just a matter of time. Read The Full Story
As dissatisfaction with the U.S. public school system grows, apparently so has the appeal of homeschooling. Educational researchers, in fact, are expecting a surge in the number of students educated at home by their parents over the next ten years, as more parents reject public schools.
In a rare public filing in the secret Foreign Intelligence Surveillance Court (FISC), the Justice Department today urged continued secrecy for a 2011 FISC opinion that found the National Security Agency's surveillance under the FISA Amendments Act to be unconstitutional. Significantly, the surveillance at issue was carried out under the same controversial legal authority that underlies the NSA’s recently-revealed PRISM program.
EFF filed a suit under the Freedom of Information Act in August 2012, seeking disclosure of the FISC ruling. Sens. Ron Wyden and Mark Udall revealed the existence of the opinion, which found that collection activities under FISA Section 702 "circumvented the spirit of the law” and violated the Fourth Amendment's prohibition on unreasonable searches and seizures. But, at the time, the Senators were not permitted to discuss the details publicly. Section 702 has taken on new importance this week, as it appears to form the basis for the extensive PRISM surveillance program reported recently in the Guardian and the Washington Post. Read The Full Story
The residents of Liberty County, Florida heard the news Wednesday that their Sheriff was arrested for doing his job. Sheriff Nicholas Finch, 50, was booked into the Liberty County Jail around 5 pm Tuesday. Florida Governor Rick Scott has named Carl Causey to the post of interim county sheriff. Liberty County is situated in the Florida panhandle, about 40 miles west of the state capital, Tallahassee.
Finch is being charged with official misconduct. He was released from jail on his own recognizance shortly after being booked in.
The charge is related to an incident in March, in which a deputy sheriff arrested a resident of the county for carrying a concealed weapon. Finch made the decision to release the individual shortly afterwards. It is alleged that he then altered or destroyed paperwork relating to the arrest.
Finch has not commented on the matter himself, but his attorney, Jimmy Judkins, released a statement which read ”The records at the jail show exactly what happened in this case and the records speak the truth. The sheriff looked at the facts and said ‘I believe in the second amendment and we’re not going to charge him.’ That is not misconduct at all. That is within the Sheriff’s prerogative whether to charge someone or not.” It appears, therefore, that the Florida sheriff was arrested for doing his job. Read The Full Story