We're Losing Our Independence and Freedom to Partnerships

JBS CEO Art Thompson's weekly news video update for July 28 - Aug. 3, 2014.

Another Way To Police the World

On Sunday, July 27th, former Secretary of State Madeleine Albright appeared on the CBS “Fa...

Senate Dems Quietly Revive Radical UN Disabilities Treaty

Senate Democrats are reviving the radical UN Disabilities Treaty to grant oversight of U.S...

"Freedom Index": Rating Congress Based on the Constitution

Do you know how your U.S. representative and senators vote on key issues? Do you know if t...

Working Together to Rewrite the Constitution

The deceptive Left-Right coalition to rewrite the Constitution by means of an Article V co...

  • We're Losing Our Independence and Freedom to Partnerships

    Monday, July 28 2014 14:45

    Published in News

  • Another Way To Police the World

    Monday, July 28 2014 16:52

    Published in News

  • Senate Dems Quietly Revive Radical UN Disabilities Treaty

    Monday, July 21 2014 11:40

    Published in News

  • "Freedom Index": Rating Congress Based on the Constitution

    Thursday, July 17 2014 10:06

    Published in News

  • Working Together to Rewrite the Constitution

    Thursday, May 29 2014 14:29

    Published in News - TNA

The John Birch Society
GOP presidential candidate Herman Cain styles himself a Washington “outsider,” an “anti-politician,” and a businessman who is just what America needs at this critical moment in its history to turn itself around. Only someone of Cain’s peculiar background, he would have us believe, only someone uncorrupted by the insatiable hunger for power from which all career politicians suffer, can restore America’s greatness in the world. Again, this is the self-image that Cain works inexhaustibly to project. There is one question, though: is it true? The first fact that must not be lost upon us is that while Cain is a reasonably successful businessman, and while he is not a professional politician, the notion that he is the “Mr. Smith” of our time who is about to take Washington by storm is a fiction of the first order. Cain, you see, was at one time a Federal Reserve chairman. (He was deputy chairman of the board of directors of the Federal Reserve Bank of Kansas City from 1992 to 1994, and chairman from 1995 to 1996.)
According to the Swiss newspaper The Local, last week "[t]he European Union said ... it is helping Greece negotiate with Switzerland in a bid to claw back some of the €60 billion [$81 billion] in unpaid taxes believed to be hidden in Swiss banks." Horst Reinchenbach, the German head of a task force advising Greece on its economy, acknowledged that the group of European Union experts had made "few concrete steps" forward, adding, "Solutions are being explored to provide Greece with an adequate way to increase tax revenue.... Another EU official, speaking on condition of anonymity, stated, "We want Greece to get the best deal possible using EU and IMF [International Monetary Fund] experience and legal support." The official commented that of the missing €60 billion in taxes, just half is "theoretically collectible" and only €8 billion is likely to be recovered "sooner or later."  
After a series of embarrassing predictions and wild factual errors damaged global-warming alarmists’ credibility — possibly beyond repair — the United Nations is again warning of impending doom: localized floods and droughts caused by climate change theoretically linked to human activity. But skeptics are still not buying. The new report unveiled over the weekend by the UN Inter-governmental Panel on Climate Change (IPCC) claims extreme weather is set to increase dramatically in the decades ahead. But following spectacular failures in its last major report that turned the climate body into a global laughingstock, the UN used far more caution in attributing its predictions to anthropogenic (human-caused) factors. According to a draft of the report cited by the BBC, it was only considered “likely” that human activities could be linked to changes in cold and warm days. Meanwhile, there was just “medium confidence” that man is responsible for extreme rainfall changes and “low confidence” that variations in tropical cyclones could be attributed to humanity’s relatively insignificant carbon emissions. “Uncertainty in the sign of projected changes in climate extremes over the coming two to three decades is relatively large because climate change signals are expected to be relatively small compared to natural climate variability,” the draft report admitted. Some climate experts picked up the new cautious tone.
Why did it take 17 years?  Here’s the timeline in the Jerry Sandusky case:  1994: A boy “about the age of 10,” identified as Victim 7 in the grand jury report, met Penn State defensive coordinator Sandusky and subsequently reported that he was subjected to a series of unwanted sexual advances. The boy was from The Second Mile, a charity founded by Sandusky to help at-risk kids from dysfunctional or absent families. 1996-1998: Victim 5 and Victim 6, “8 to 10 years old” and “11 years old,” respectively, were taken to locker rooms and showers by Sandusky, according to grand jury testimony. Both boys met Sandusky when they were in second or third grade. The mother of Victim 6 complained to university police about Sandusky showering with her son and inappropriate touching. After investigating, no charges were filed by Centre County district attorney Ray Gricar (gone missing since 2005, along with his computer’s hard drive). 1999: Sandusky retired from Penn State and was awarded emeritus status, a campus office, and access to all Penn State facilities. A young boy, known as Victim 4, was repeatedly subjected, according to grand jury testimony, to indecent assault and involuntary deviate sexual intercourse. The boy accompanied Sandusky to the Alamo Bowl in Texas.
In 2006, Democratic Representatives Louise Slaughter and Tim Walz introduced the STOCK Act (Stop Trading On Congressional Knowledge), intended to stop members of Congress from benefiting from insider knowledge of stocks. The legislation was placed on the congressional backburner — that is, until it was featured on CBS’s 60 Minutes. Now the bill has moved to center stage and has garnered a significant number of co-sponsors in the Congress. The 60 Minutes episode aired on Sunday, November 13, and by the following Friday, the number of co-sponsors of the bill had shot from 9 to 91. The CBS report incriminated congressmen on both sides of the aisle, specifically citing three: Spencer Bachus (R-Ala.), Nancy Pelosi (D-Calif.), and John Boehner (R-Ohio). According to 60 Minutes, Spencer Bachus bet on option funds which would increase in value after the stock market dropped. He took that action after having sat in on several confidential meetings in September of 2008 regarding the nation’s financial crisis. Likewise, Nancy Pelosi, 2007-2010 Speaker of the House, invested in a stock offering from Visa in 2008 while simultaneously preventing a bill on tough Visa regulations from making it to the House floor for a vote.
When Jack Daniel founded a whiskey distillery in Lynchburg, Tennessee, in 1875, he could little have guessed that over a century and a quarter later, the company would be so wildly successful or have remained in the same county the entire time. But now, nothing less than taxes might drive it to another state. Jack Daniel’s is the largest employer in Moore County (pop. 5,740) and accounts for a third of its tax base. According to FoxNews.com Oct. 21, 60 percent of the price of a bottle of the company’s whiskey is some form of tax. The company is also the largest sales-tax generator in the county. As such, Senior VP and General Manager Tommy Beam said the company is contributing its fair share. Yet a private citizen is leading the effort to increase the distiller’s taxes by another $10 per barrel. Charles Rogers claims “We are entitled to more money from the only industry in the county — Jack Daniel’s distillery. They (Jack Daniel’s) created the image of this little old hamlet down here being the place where this fantastic whiskey is being made. And the people didn’t realize what was going on. They were being marketed all over the world as ‘the place.’ ” Rogers says the Daniel’s image comes from the town and that the community is entitled to the money the same way a film company pays “usage fees” for a location. Beam said, “It’s a job killer because it ups our costs. We’re competing in a global marketplace.” The tax would cost the company an additional $4 million a year, a cost that would undoubtedly be passed on to the consumer. Or, as Beam says, “We have been able to hire 25 or 30 people in the last four or five months. And if our costs go up $4 or $5 million dollars, that’s probably going to make us a little less competitive. So, we might not grow as much.”
On Wednesday Wells Fargo released the results of its survey of 1,500 individuals between ages 25 and 75, titling it “80 is the New 65 for Many Middle Class Americans” while another study in June by three financial service non-profits showed three-quarters of those surveyed planning to work beyond age 65. The first survey focused on middle class (incomes between $25,000 and $100,000 a year) citizens while the second concentrated on higher net worth individuals (those between ages 55 and 75 with investable assets of $100,000 or more) but the results were remarkably similar. The Wells Fargo study found that one quarter of middle class Americans say they will “need to work until at least 80” to pay their bills, while three-quarters are expecting to work at least part time to help with the bills.  And when those between ages 40 and 60 were quizzed, more than half say they will “need to work” after age 65. When asked about reforming Social Security and Medicare, the younger Wells Fargo respondents were willing to accept future cuts to help reduce the country’s debt burden. The study also revealed expectations from those younger respondents about actually receiving anything from Social Security at all: more than a quarter of those in their 20s and 30s expect to receive nothing at all while others surveyed expect significant reductions in benefits by the time they qualify for them.
Barring a miracle, the Supercommittee will announce Monday morning its failure at coming up with legislation to reduce the projected combined federal budget deficits over 10 years by $1.2 trillion, or $120 billion per year, starting in January 2013. Without enactment of these cuts, under the Budget Control Act the automatic option, called a sequester, will kick in, with $600 billion of the $1.22 trillion in cuts coming from defense spending. Social Security, Medicaid, and other low-income programs are exempt from the cuts, and cuts to Medicare would be modest. Of course, there is the slim possiblity that the Supercommittee could come up with the cuts, in which case Congress would be expected to vote the legislation up or down without amendment. There are other possibilities too. The Supercommittee could “split the baby” and come up with a bipartisan deal that cuts less than the $1.2 trillion, leaving Congress to find the balance before the automatic cuts kick in. The Supercommittee could even hand Congress a package that includes tax increases as well as spending cuts. But as of this writing, these possibilities appear unlikely. What appears more likely to happen is that, following a failure of the Supercommittee to present a bill, Congress will abolish the Supercommittee and its automatic cuts and once again begin exercising its constitutional authority regarding spending.
On November 16 the Senate Armed Services Committee unanimously approved a controversial provision of the National Defense Authorization Act for 2012 that sets forth procedures for processing and prosecuting individuals imprisoned on suspicion of being members of al-Qaeda. By a vote of 26-0, the committee granted power to the U.S. Armed Forces to exercise complete control over all custodial matters related to the treatment of those detained for suspected belligerent behavior in the War on Terror. Another aspect of the clause in question makes Attorney General Eric Holder the final arbiter of whether suspects are tried in federal district courts or before military tribunals.   Rancorous debate over the various provisions contained in the bill have raged for months, but all argument was finally quelled by an accord reached by committee Chairman Senator Carl Levin (D-Mich.)Levin and ranking GOP committee member John McCain (R-Ariz.).   Despite the bipartisan support for the measure, President Obama has promised to veto the bill over his disagreement with the delegation of power over the cases of detainees.   The White House has repeatedly affirmed its desire that the Federal Bureau of Investigation (FBI) should have plenary power over the disposition of issues related to the custody and prosecution of all terror suspects detained domestically.
Expressions of joy were muted on Wall Street at Friday's release of the latest report from the Conference Board (CB) showing its Leading Economic Index (LEI) jumping 0.9 percent in October, following just a 0.1 percent gain in September. Economic analysts had a field day trying to read the CB’s tea leaves heading into the Christmas holidays and the new year. Economists at the Conference Board were guardedly optimistic. Ataman Oxyildirim said, “The October rebound of the LEI largely due to the sharp pickup in housing permits suggests that the risk of an economic downturn has receded.”  Added Ken Goldstein, “The LEI is pointing to continued growth this winter, possibly even gaining a little momentum by spring. The lack of confidence has been the biggest obstacle in generating forward momentum, domestically or globally. As long as it lasts, there is a glimmer of hope.”  
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