Tuesday, June 30, 2015

For Greeks The Nightmare Is Just Beginning: Here Come The Depositor Haircuts

Zerohedge

Playing Favorites: How Cronyism is Hurting American Competitiveness

Supreme Court's liberal admirers get reality check. Reports of the Supreme Court’s leftward turn have been greatly exaggerated.

Liberal Politico has fears.

Chicago makes massive teachers pension fund payment

The Chicago Tribune

The University Of California Wants To Know If You’re Gay

The Daily Caller reports:
In an effort to ensure an “inclusive environment” on all its campuses, the University of California (UC) is adding new questions to its application process that asks applicants about their sexual orientation and gender identity.

“Beginning this fall, the University of California will provide students with the option to voluntarily self-identify their sexual orientation and gender identity on the undergraduate admission application to help the university better understand and meet the diverse needs of its students,” the school said in a recent announcement. “The data will be used to help guide decisions such as allocating resources and developing programs as part of the university’s ongoing commitment to ensure campuses are welcoming and inclusive for lesbian, gay, bisexual, and transgender (LGBT) students, faculty, and staff.”

The school also announced that, henceforth, all new buildings constructed on UC campuses will include gender-neutral restrooms and changing rooms, to go along with a current policy that pledges to add gender-neutral bathrooms to existing structures.

Nor does the school plan to stop at lifestyle issues, as the announcement also declares UC’s intent to increase the amount of LGBT-related academic work going on at the school.


The left wants to "get to know you". The creepy world of higher education , in America, today.

Corporate welfare takes a blow

The Washington Examiner reports:

The Export-Import Bank is down.

At the stroke of midnight Tuesday night, Ex-Im's congressional authorization will expire. The federal agency, which subsidizes U.S. exporters and lenders through taxpayer-backed financing to foreign companies and governments, officially enters liquidation.

Legally, Ex-Im's officers, employees and board members must cease their typical work of subsidizing Boeing, J.P. Morgan and Chinese state-owned enterprises. Instead, under the law that authorized it, Ex-Im is allowed to exist only "for purposes of orderly liquidation, including the administration of its assets and the collection of any obligations held by the bank."

U.S. taxpayers are exposed to more than $100 billion in outstanding Ex-Im loans, guarantees and credit insurance, and agency employees are allowed to administer and collect the outstanding money and fees. But, if the words "orderly liquidation" hold their normal meaning, Ex-Im is also supposed to sell off its assets — that is, it should dump its loans into the private sector, and hand the cash over to the Treasury.

The rent-seeking Ex-Im will try and make a comeback, sadly, this summer on a continuing resolution. We hope we are wrong.

Ralph Nader on Bernie Sanders, the TPP "Corporate Coup d’Etat" & Writing to the White House

Strongman Obama defies federal judge, fails to rescind wrongly issued amnesties Not all recipients have returned documents


The Washington Times

Calpers Pension to Sell $3 Billion of Real-Estate Portfolio

Bloomberg reports:
The California Public Employees’ Retirement System, the biggest U.S. pension, plans to sell as much as $3 billion of its real-estate portfolio, a move that’s part of a broader plan to reduce costs, risk and the number of external investment managers.

The $303 billion fund will sell about 12 percent of its $25.5 billion real-estate program of commercial, industrial and residential assets. The move will let the fund invest in assets and managers that are more in line with the fund’s current strategy, Paul Mouchakkaa, Calpers’ senior investment officer for real assets, said in a statement Tuesday.

“The sale of these assets represents the continued effort to reduce costs, risk and complexity across the Calpers fund,” he said.

New York-based Park Hill Group Inc. has been chosen to help with the sale. The total amount for sale could vary based on conditions in the real-estate market and how much it can absorb, the fund said in the statement.
The supply of real estate might get bigger.

Senate Republicans slam the door on scrapping the filibuster

The Hill

Northwestern's Laura Kipnis On How Campus Feminism Infantilizes Women

Paper that won’t publish Mohammed cartoons oddly okay with Pope portrait made of condoms

Hot Air on favoritism of the New York Times. If you are a Christian, do you really want to support the New York Times?

ABC/Univision Network Editor: Tax 'Fanatical,' 'Bigoted' Churches

Newsbusters reports:
On Monday, Fusion senior editor Felix Salmon echoed New York Times writer Mark Oppenheimer's call for the end of the tax exemption of religious institutions, but took it one step further: he called for the specific targeting of churches that "remain steadfastly bigoted on the subject" of same-sex "marriage." Salmon contended on Fusion.net that "if your organization does not support the right of gay men and women to marry, then the government should be very clear that you're in the wrong. And it should certainly not bend over backwards to give you the privilege of tax exemption."

The former Reuters financial blogger, who left in 2014 to work for Fusion (a joint project between ABC and Univision), began his article, "Does your church ban gay marriage? Then it should start paying taxes," by underlining that "now that the US government formally recognizes marriage equality as a fundamental right, it really shouldn't skew the tax code so as to give millions of dollars in tax breaks to groups which remain steadfastly bigoted on the subject. I'm talking, of course, about churches."

It begins... Think properly or be taxed.

The next Greece may be in the U.S.


Marketwatch reports:
In many states, public pensions are protected by state constitutions or statutory law, and as a result are afforded many privileges, according to a Center for Retirement Research report.

In legal circles, this has come to be known as “pension supremacy” and it is a real headache for bond investors.

In Chicago, the state’s constitution dictates that pension benefits for current workers “shall not be diminished or impaired.” New York carries a similar clause, while Hawaii, Louisiana, and Michigan have constitutional provisions that have been interpreted as protecting all pension benefits earned to date.
It's not like we didn't warn you years ago.

WWE pays tribute to WWE Hall of Famer Dusty Rhodes

Jeb Bush to release 33 years of personal tax returns

Fox News

Leftist Mother Jones: Obamacare Still Isn't Safe, and Liberals Better Not Forget It

Mother Jones

Illinois is home to the worst manufacturing recovery in the Midwest


Illinois Review

CNN Poll : Obama's approval rating grows following memorable week

CNN

Bill Gross Says Hold Cash, Prepare For "Nightmare Panic Selling"

Zerohedge

Video: High school students are, uh, a bit aloof on American history

Hot Air

Tsipras Asks European Union for a New Bailout Program

Bloomberg

Stupid Selfies: Is The Millennial Generation Screwed? | PJTV

Here’s How Religious Business Owners Could Protect Themselves Against Gay Marriage Decision

The Daily Signal

Supreme Court takes up major case on public sector union dues

Reuters

Coloring books for adults are flying off shelves : At the moment, five of the top 30 titles on Amazon’s best-seller list are coloring books aimed at adults.

The Boston Globe reports:
As merchandise manager at Barnes & Noble’s Burlington location, Tracy Moniak has a particularly good vantage point from which to track the ebb and flow of literary trends.

She knows, for instance, that history books do well around Father’s Day. That cookbook sales pick up around the holidays. And that graphic novels are once again gaining steam.

But the recent explosion — and it really is an explosion — in popularity of coloring books for adults? “I did not see this coming,” said Moniak.

In a sudden, unexpected, and generally curious development, grown-up versions of the doodle-books used by countless kindergartners have not only become a thing — but the thing, as far as millions of rapt Americans are concerned.

At the moment, five of the top 30 titles on Amazon’s best-seller list are coloring books aimed at adults. Barnes & Noble currently carries well over 100 different adult coloring book titles, many of which feature much more intricate and detailed designs than children’s versions. And as the trend seeps into the mainstream, publishers and booksellers have been left scrambling to keep the most popular titles on store shelves.
No word yet from Stanley , the expert on adult-baby regression, on this story.

New research suggests nature walks are good for your brain

The Washington Post

Five lingering threats to ObamaCare

The Hill reports:
The White House’s victory at the Supreme Court last week removed a major threat to ObamaCare that could have rolled back coverage for 6.4 million people.

President Obama declared after the ruling that the law has “been woven into the fabric of America,” while allies said the new insurance program and its related policy changes are here to stay.
The struggles of fascist style health care.

ANOTHER CONSTITUTIONAL REWRITE: This time it was a Supreme Court rewrite of the Elections Clause, in the Arizona State Legislature vs. Arizona Independent Redistricting Commission decision.

Professor Elizabeth Price Foley

Hillary: We must defend ObamaCare

The Hill

Obergefell v. Hodges and Tax Exemption for Churches

The American Thinker reports:
In the near future, all governments -- but particularly the federal one -- will search for new and enhanced sources of tax revenue. Churches, called upon to pay their fair share, will have less income as the charitable donation tax-deduction is phased out. Obergefell v. Hodges may accelerate that process.

As that happens, the call for fairness should, also, be addressed to endowed private universities and tax-exempt foundations. They are, at least, as much recipients of favored government treatment as the welfare mother with six kids. And much less needy.


An article well worth your time.

Greece debt crisis: Tsipras may resign if Greeks vote yes

BBC News

Monday, June 29, 2015

Flashback: A US study finds that opposite-sex parents are better than same-sex parents. Wait for the fireworks.

MercatorNet

Jon Stewart wryly welcomes Bernie Sanders to the 2016 presidential race

'Disparate Impact' Ruling Emboldens Obama's Diversity Cops


IBD

Diversity of New York City languages makes staying involved in kids’ education difficult for immigrant parents

The New York Daily News reports:
New Yorkers, who come from every corner of the world, speak 180 languages. Not surprisingly, nearly half of public school students speak a language other than English at home.
Some people just don't want to learn English and expect you to subsidize them.

Industry Money Shifts to Republicans

The New York Times

My Favorite Books, and Other Things I Told Swedish Libertarians

Flashback-Progressive Icon Margaret Sanger: ' The most merciful thing that the large family does to one of its infant members is to kill it. ' A Look Inside Planned Parenthood's Founding Monster.


Flashback to eugenics icon Margaret Sanger. In her book Woman and the New Race on page 63 the progressive icon shows her inner national socialist mentality:
The most merciful thing that the large family does to one of its infant members is to kill it.
The KKK really knew how to pick a speaker (check out creepy Margaret Sanger with the Klan above). No word yet on this blog entry from the winner of the Planned Parenthood's Margaret Sanger Award Hillary Clinton.

PGA Star Phil Mickelson Implicated In Illegal Gambling, Money-Laundering Case Worth Millions

The Daily Caller

"Retired" Dallas Fed Chief Joins Barclays As "Senior Advisor"

Zerohedge reports:
Spin revolving door, spin.

Recently “retired” Dallas Fed chief Richard Fisher — who really, really believed that talk of falling oil prices negatively affecting the Texas economy amounted to “bull droppings” until a JP Morgan analyst reminded him that the “only thing dropping in the Texas economy [was] jobs” — is following proudly in the footsteps of Ben Bernanke, Jeremy Stein, and Janet Yellen (if you count unofficial, off-the-record ‘consultations’) by becoming the latest Fed policymaker to ink a lucrative deal ‘advising’ the private sector.
Imagine that.

S&P 500 closes down for the year .Stocks tumble on Greece and Puerto Rico debt woes: Dow down 350


Yahoo Finance

Emanuel gives thumbs-down to Rauner's CPS bailout plan

Crain's Chicago Business

Why The Affordable Care Act Isn't 'Here To Stay'­­­­--In One Picture


Forbes

Will Gay Married Men Be Allowed to Workout At Women's Only Gyms?


Don't laugh but... fitness clubs for women only might be a thing of the past. Questions for the Social Justice warriors. We know a white men's only heterosexual gym wouldn't survive the 1964 Civil Rights Act. Why should gay men be prevented from joining a women's only gym? What if gay men live near a womens only gym and want to join ? Does Justice Kennedy's love doctrine allow single sex gyms that deal in interstate commerce and advertising? Just a reminder to you Social Justice warriors out there: if church's lose their tax exemption because they don't want to "accommodate" gays so will mosques. Single sex gyms will eventually eliminated all in the name of "equality". Not allowing gay men to join a womens only gym is denying them of their equal rights just because they don't have lady parts . If Christian bakers have to bake cakes for lesbians or face $135,000 fines in Oregon, how long before womens gyms in Oregon face the same threat???

Education Fights to Take Center Stage

The National Journal

Newsday Editor: Carve Hate Speech Out Of First Amendment, Hold Websites Responsible If Users Post Hate Speech


Techdirt

Judge orders Brady Center to pay ammo dealer’s legal fees after dismissing lawsuit

Fox News reports:
A federal judge has ordered that the Brady Center to Prevent Gun Violence pay the legal fees of an online ammunition dealer it sued for the Aurora movie theater shooting.

The order, which was issued last week, comes after Judge Richard P. Matsch dismissed the gun control group's suit that sought to hold Lucky Gunner legally responsible for the 2012 shooting. The Brady Center had argued in their suit that the way Lucky Gunner sells ammunition is "unreasonably dangerous and create a public nuisance."

"A crazed, homicidal killer should not be able to amass a military arsenal, without showing his face or answering a single question, with the simple click of a mouse," Brady Center's Legal Action Project Director Jonathan Lowy said at the time. "If businesses choose to sell military-grade equipment online, they must screen purchasers to prevent arming people like James Holmes."

Judge Matsch disagreed with the Brady Center's argument. He said the suit was filed for propaganda purposes. "It is apparent that this case was filed to pursue the political purposes of the Brady Center and, given the failure to present any cognizable legal claim, bringing these defendants into the Colorado court where the prosecution of James Holmes was proceeding appears to be more of an opportunity to propagandize the public and stigmatize the defendants than to obtain a court order," he said in his order.
Should the Brady Center lose their tax-empt status over this?

The Story Behind How Unions Suddenly Came To Love Obamacare


The Daily Caller

U.S. Dept. of Education Celebrates Same-Sex Marriage Decision With Rainbow on Facebook


CNS News

LEGALZOOM SUES NORTH CAROLINA BAR FOR ANTITRUST VIOLATIONS

PJ Media

Court rules against Obama administration in EPA case

CNBC reports:
The U.S. Supreme Court ruled on Monday that the Obama administration failed to consider costs when deciding to regulate mercury pollution from power plants. (Tweet this)

In a 5-4 ruling, the court ruled that the U.S. Environmental Protection Agency must consider costs before deciding whether regulation is "appropriate and necessary." Justice Antonin Scalia wrote the majority decision. Justices Elena Kagan, Ruth Bader Ginsburg, Stephen Breyer, and Sonia Sotomayor dissented.
The Obama regime loses one.

Liberal Media: Brown People Stay On Welfare State Plantation Or Face The Wrath of Your White Elite Welfare State Plantation Masters

Michelle Malkin

Michael Moore Offers To Pay Bail & Legal Fees For Woman Who Took Down Confederate Flag [VIDEO]

The Daily Caller

Shockingly, Americans not big on government enforced neighborhood diversity

Hot Air

U.S. Citizens Sign Petition to Ban the American Flag & Issue a New Design for the New World Order

Greece will close banks for six days, impose limits on withdrawals

Hot Air reports:
Sunday’s decision to declare a bank holiday was a signal that Greece’s five-year battle to stay in the shared euro currency may swiftly be coming to an end, as leaders elsewhere urged steps to find a way to avoid that. Panicked citizens tried to pull their money from their accounts while they still could. ATMs in Athens were running out of money, and tensions were running high as Greeks stood in line for hours to scrape together cash for basic supplies. Lines mounted at gas stations as worried residents topped off their tanks for what could be a protracted period of time in a cashless nation.
Very sad.

Politics shift on ObamaCare

The Hill

Sidney Blumenthal Played Under-The-Radar Role At Young Daily Beast

Buzzfeed

Tucker Carlson Rips ‘Abhorrent’ Opinion Editor Over Banning Anti-Gay Marriage Views [VIDEO]

The Daily Caller

Time: Now’s the Time To End Tax Exemptions for Religious Institutions

Time has an article from Mark Oppenheimer :
Two weeks ago, with a decision in Obergefell v. Hodges on the way, Sen. Mike Lee of Utah introduced the First Amendment Defense Act, which ensures that religious institutions won’t lose their tax exemptions if they don’t support same-sex marriage. Liberals tend to think Sen. Lee’s fears are unwarranted, and they can even point to Justice Anthony Kennedy’s opinion in Friday’s case, which promises “that religious organizations and persons [will be] given proper protection.”

But I don’t think Sen. Lee is crazy. In the 1983 Bob Jones University case, the court ruled that a school could lose tax-exempt status if its policies violated “fundamental national public policy.” So far, the Bob Jones reasoning hasn’t been extended to other kinds of discrimination, but someday it could be. I’m a gay-rights supporter who was elated by Friday’s Supreme Court decision — but I honor Sen. Lee’s fears.
There's more:
We’re also subsidizing wealthy organizations sitting in the middle of poor towns. Yale University has an endowment of about $25 billion, yet it pays very little to the city of New Haven, which I (as a resident) can assure you needs the money.
When will Yale tenured professors stop flaunting their "tax privileges" at us and begin to pay their "fair share" instead of acting like libertarians that want their employer to pay a zero percent tax rate?

‘Poor doors’ are no more thanks to rent-regulation bill

The New York Post reports:
No more “poor doors”!

Developers who receive tax breaks to build apartment buildings with affordable units can’t segregate tenants based on income, or have separate entrances for those residents living in cheaper apartments, according to a provision tucked into the rent-regulation bill passed last week.

Mayor de Blasio inserted the reform last May into his plan for the tax program, called 421-a — a move that followed a Post exposé on an Upper West Side development with a “poor door.”

The building, at 40 Riverside Blvd., includes 55 affordable units — but their tenants must use their own elevator and entrance.

“Buildings that segregate entrances for lower-income and middle-class tenants are an affront to our values,” said Manhattan Borough President Gale Brewer.
The great moments of the non-free market in housing in Blue America!

Chinese Stocks Crash Most In 19 Years, Re-Open Limit Down

Zerohedge

Facebook Workforce Update: 91% of the company’s employees are white or Asian. These include 94% of the tech employees, 86% of the non-tech employees, and 94% of the senior leadership.

We hear from human resources professionals that a company can't be successful unless it looks like America. Well, that's just not true. GS Marena reports that Facebook, one of the biggest companies in the S&P 500 looks nothing like America:
Facebook has released its latest employee diversity report, revealing that there has been little progress in the area since it reported the numbers last time.As per the report, 91% of the company’s employees are white or Asian. These include 94% of the tech employees, 86% of the non-tech employees, and 94% of the senior leadership.

The total percentage of women in the company now stands at 32%, up just 1% from the 31% it reported last time. Of the total tech employees, only 18% are women, while the number stands at a healthy 52% among non-tech employees. Only 23% of the senior leadership are women.

The total number of blacks, Hispanics, and people with two or more races stood unchanged at 2%, 4% and 3%, respectively.
Since, Facebook employees are important campaign contributions to Barack Obama and the Democrat party: shouldn't they shut up about "diversity"?

Jeb Bush dogged by decades of questions about business deals

The Washington Post reports:
In early 1989, seven weeks after his father moved into the White House, Jeb Bush took a trip to Nigeria.

Nearly 100,000 Nigerians turned out to see him over four days as he accompanied the executives of a Florida company called Moving Water Industries, which had just retained Bush to market the firm’s pumps. Escorted by the U.S. ambassador to Nigeria, Bush met with the nation’s political and religious leaders as part of an MWI effort to land a deal that would be worth $80 million.
Heh.