During a 2½ year period starting at the end of 2007, the Federal Reserve provided more than $16 trillion in secret bailouts to banks and other companies around the world, according to a government audit of some of the U.S. central bank’s operations.
Much of the Fed's largesse was lavished on banks in Europe (such as Barclays, pictured) and Asia, the audit revealed. More than $3 trillion, for example, went to financial institutions in just five European countries. Trillions more flowed toward some of the biggest banks in America. Institutions from Brazil and Mexico to South Korea and Canada also benefited.
The 266-page report, produced by Congress’s non-partisan investigative service known as the Government Accountability Office (GAO), has already sparked intense outrage since its release on July 21.
Recent news stories publicize a number of problems emanating from local law enforcement, some of which are indicative of a decreased understanding of constitutional rights while others which reveal perhaps law enforcement officers’ heightened sense of authority. Some incidents reveal both, like a recent disturbing exchange between a police officer in Canton, Ohio and a legal gun owner.
The Blaze reports:
A police officer’s dash cam in Canton, OH caught a disturbing exchange last month between a cop and a driver during a traffic stop. In it, the cop can be heard (and seen) berating a man for not telling the officer immediately that he had a concealed carry permit and thus a concealed weapon, even saying at one point he should have killed the gun owner. But there’s just one problem:
Mohammed Sultan is a very successful businessman in India. He cherishes his daughter and so, when she recently married, Sultan decided to throw a big wedding for her guests. Five hundred people showed up and they were treated to a 30-course meal, which included Kashmiri dishes which reflect the rich culinary tradition of northern India. Who in the world could think that a man who worked hard his whole life did not have the right to treat his beloved child to a sumptuous wedding dinner? And when his guests had eaten all they wanted, Sultan threw what was left into the garbage, which prompted a controversy of sorts.
The first time I recall having exercised my right to vote was in 1992, when I was 20 years old. From that time to the present, I have never voted for any candidate who wasn’t a Republican. In spite of this, I refuse to identify myself as a Republican, and as any reader of my work knows all too well, I am at least as critical of Republicans as I am of Democrats and leftists. Truth be told, it is probably the case that I am disposed to be even more critical of Republicans and establishment or movement rightists than I am of their Democratic and leftist peers, for the audiences for which I am accustomed to writing consist of people who know that Democrats are their foes. Of Republicans, on the other hand, things aren’t usually so clear.
I realize that politics is indeed the art of the possible, and that the artist who is the politician must possess the will to compromise and the practical wisdom to know when to do so. It also must be admitted that, although it is without exaggeration that it has been said by some that our two national parties differ in degree, not kind, the Republican Party is less prone to accommodate leftist sensibilities than is its main competitor. What this means is that from a conservative perspective, the GOP promises to be less destructive to the nation than the Democratic Party.
Just when you think government can’t get any more bizarre, along comes a story that makes you wonder if Larry, Moe, and Curly can be far behind. The following above-the-fold headline appeared in Thursday’s Washington Times print version: “D.C.’s fix: Set up a gun shop with cops.” Somebody must have caught the Freudian slip, as the paper’s online version dispensed with the opening pun, “D.C.’s fix,” and left it at “D.C. police sets up gun dealer in its headquarters.”
Whether one is for or against so-called gun control, the situation in high-crime District of Columbia is emblematic of the duplicity that surrounds modern-day law enforcement and our constitutional rights.
Washington, D.C.'s Metropolitan Police Department has come up with a brainstorm to ensure that the Nation’s Capitol does not wind up violating the U.S. Supreme Court’s landmark 2008 decision (District of Columbia v. Heller) invalidating D.C.’s gun ban, illegally imposed in 1976 — open the District's only gun shop in a police station.
If you want to know whether homosexuals think size matters, the National Institutes for Health can tell you. That's because NIH dumped nearly $1 million into a study of penis size among homosexuals, the Traditional Values Coalition has revealed.
The study, published in 2009, Fox News reports, is titled “The Association Between Penis Size and Sexual Health Among Men Who Have Sex with Men” and involved 1,000 homosexuals and bisexuals.
TVC says the penis survey was included as part of a larger study that cost nearly $10 million. The study was necessary, Fox reports of the study's claims, because "little research [was done] among men who have sex with men assessing the association between penis size and socio-sexual health."
Yesterday the Texas Board of Education began a two-day hearing on the hot-button issue of whether alternatives to evolution should be added to the science curriculum to balance the teachings of evolutionary theory.
Because the school district does not have the finances to purchase new textbooks, the board is examining the standards of science e-books. The electronic sources would be used alongside the textbooks.
Ohio Governor John Kasich signed a bill into law July 20 that will ban late-term abortions except when the life of the mother is in danger. Reporting on the new law, LifeNews.com noted that previously in Ohio, a woman could legally abort her baby through the ninth month of pregnancy. “With the passage of H.B. 78 and the ultimate signature by Kasich, babies who can live outside of their mother’s womb will no longer be subject to death via an abortion,” reported the pro-life news site. Commenting on the new law, which is scheduled to go into effect in late October, a Kasich spokesman declared that the governor “is pro-life, has been pro-life throughout his career and believes strongly in the sanctity of human life.” In his own statement the governor declared that life “is a gift from God and one way that we express our ongoing gratitude for it is by respecting it. This bill does that in a very fundamental way and I’m proud to have signed it into law.”
The United Nations is preparing to finalize its Arms Trade Treaty in 2012, better known in the United States as the Small Arms Treaty, after a series of talks in the Third Preparatory Committee took place last week. The final talks on the treaty have been scheduled for four weeks next summer, and new rules indicate that a majority vote is not necessary in order for the treaty to be passed. The Heritage Foundation contends that though the stated purpose of the treaty is to “address the absence of commonly agreed international standards for the transfer of conventional arms, which, it is argued, contribute to war, crime, and terrorism,” the treaty poses a threat to American liberties and interests.
Throughout the talks on the treaty, members of the UN Security Council — which includes China, France, Russia, the United Kingdom, and the United States — voiced concerns over the establishment of a supranational authority. Security Council members and the European Union have now managed to eliminate the presence of that supranational authority originally designated by the treaty, replacing it with a more general statement of obligations related to arms trade which are to be fulfilled nationally, not globally.