Outrageous examples in the United States of the misuse of civil asset forfeiture laws — whereby government officials confiscate money, though the people carrying the cash have done nothing wrong — include that of a man pulled over for speeding in Tennessee who nearly lost $22,000.

 JBS CEO Art Thompson's video news update for May 21-27, 2012.

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Category: News

 JBS CEO Art Thompson's video preview of the June '12 JBS Bulletin.

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Category: News

Texas Congressman Ron Paul emerged from the Minnesota state Republican Party convention in St. Cloud with a clean sweep, winning nearly all of the national convention delegates available for his presidential campaign in addition to a party endorsement of the Paul-aligned U.S. Senate candidate Kurt Bills.

 For 16 years Barack Obama's literary agency touted him as "born in Kenya." Supposedly "this was nothing more than a fact checking error." Mistake or not, the President is simply not telling the truth.

A new Government Accountability Office (GAO) study, commissioned by Sen. Tom Coburn (Okla.), is questioning the federal government’s $18-billion job training program.

 Make no mistake about it. International boxing champion Manny Pacquiao opposes the legalization of same-sex marriage. But contrary to the petition launched by a pro-homosexual group to get sporting goods manufacturer Nike to drop him as a spokesman, Pacquiao never expressed hatred for “gays,” and he never said that they should be killed.

Considering it a crime to not report treason when one witnesses it, earlier this week, a bill was introduced to the North Carolina General Assembly (NDAA) that would declare the National Defense Authorization Act unconstitutional and treasonous

Greece, Spain, Ireland, Portugal, and Italy (and California). In each case, the promise of more bailouts and a steady flow of cheap money only produced more reckless behavior, excessive levels of government spending, and record levels of debt.

 

 It’s widely believed that JPMorgan Chase’s recent $2 billion–plus loss proves we need the comprehensive banking regulation called for by the 2010 Dodd-Frank law. Not only is that belief wrong, but the only way to minimize systemic damage from banking without stifling productive innovation is to end all guarantees and all barriers to competition.

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