Rogue Agents? How High Up?

The White House’s story is that rogue agents at the IRS’s office in Cincinnati were responsible for intimidating Tea Party political education organizations in 2011 and 2012. The phrase “rogue agents” means independent agents. That means “who could have foreseen this?” agents. The White House wants us to think of these rogue agents as the [...]

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“Unconstitutional,” Says AP CEO.

On Sunday morning, the CEO of the Associated Press called the Justice Department’s collecting of phone records of AP reporters “unconstitutional.” That it was unconstitutional is obvious. That Obama remains mute on this incident is not unconstitutional. It is political. What is significant is this: the CEO speaks for the entire media industry. They do [...]

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Obama’s 10% Solution to the Triple Crisis

A White House nobody went on all five TV news commentating shows yesterday to declare that Obama knew nothing . . . nothing. His name is Dan Pfeiffer. If you are not a political wonk, you have never heard of him. When the White House sends out anyone this obscure to represent Obama to the [...]

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Facial Recognition Technology Has Your Number

“I’ll be seeing you in all the old, familiar places.” There is a scene in Minority Report where Tom Cruise enters a shopping mall, and there are ads welcoming him. They invite him to buy something. Everyone entering that mall is greeted. It’s here. Stores are now installing cameras in billboards that recognize us, then [...]

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Keynesianism Fails in Europe.

Europe is in a recession. France is in recession. Greece has been in recession for six years. Cyprus has been in recession for three years. Germany just barely pulled out this month. Spain has 27% unemployment. It’s getting worse in Europe. Yet this is where Keynesianism is supposed to work best. There are welfare states. [...]

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Bad News on the Employment Front: Initial Jobless Claims Jump

The figure for first-time jobless claims — unemployment insurance claims — jumped to 360,000 last week. Anything above 350,000 is considered poor job growth. The figure had been below 330,000 the week before. The trend had been down. There were lots of stories on “happy days are here again.” Then, without warning, the figure wiped [...]

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U.S. Government Siezes Bitcoin’s Bank Account.

Bitcoin has been promoted as digital money, an alternative to fiat money. The company’s owner’s will now get to test their theory. Their fiat money just got frozen by the federal government. The Feds seized Bitcoin’s bank account. Everyone with any understanding of the U.S. government knew that something like this would happen. Maybe the [...]

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