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- SCOTUS Cracks Down on Civil Asset Forfeiture
- Putin promises Russians better living conditions 'within this year'
- Hoda Muthana: US bars Alabama woman who joined Isis from returning
- The Teen From the Lincoln Memorial Protest Is Suing the Washington Post for $250 Million
- Venezuela Army Trucks Block Guaido's Travels as Showdown Looms
- Colorado Man Fatally Beat Fiancee with Bat on Thanksgiving, Officer Testifies
- In U.S., pope's summit on sex abuse seen as too little, too late
- Trump apparently not familiar with his administration's push for global decriminalization of homosexuality
- Every Photo From Our EV Battle Between the 2019 Chevrolet Bolt EV and 2019 Hyundai Kona Electric
- Jussie Smollett directed brothers to pour gas on him and yell slurs, prosecutor says
- Canada looks to reunite Syrian family after fire claims seven kids
- Rubio Predicts Maduro’s Troops Won’t Block Humanitarian Aid
- Meet the 'New' F-21 Fighter: An F-16 On Steroids (With F-22 and F-35 DNA)?
- With Top Investor in Jail, Putin Hits at Business Climate
- Britain, EU closer to possible agreement on Brexit: EU diplomats
- Bernie Sanders announces run for presidency in 2020: 'We're gonna win'
- Woman who joined Islamic State cannot return to U.S., Pompeo says
- As Vatican meets on sex abuse, Pope must defrock Guam's Apuron, groups say
- Pakistani-held Kashmir on alert as tensions with India rise
- Chicago Police Chief: Smollett Staged Hate Crime because He Was ‘Dissatisfied with His Salary’
- 20 Affordable Indoor Planters We Love
- France Says Internet Platforms Could Be Fined for Racist Content
- Driver hurt by air bag shrapnel as investigation drags on
- Working While Receiving Social Security Disability
- Trump demands 6G technology in rant against American companies: 'We must be the leader in everything we do'
- North Carolina Republican's son says warned father about operative's past
- Charity says 24 Polish bishops covered up sex abuses of minors
- Chuck Schumer and Bernie Sanders Have a Plan to Kill the Stock Market
- Saudi Prince Pledges to Help India Fight Terror
- Funeral held for youngest victim of factory shooting
- Storm dropping snow on Las Vegas; 1 inch reported at airport
- Tesla Model 3 Loses CR Recommendation | Reliability
- NYT publisher: Trump 'retreating from a distinctly American principle'
- United Airlines: Three new routes for fast-growing Denver hub
- Abbas says will reject reduced tax reimbursement from Israel
- Vatican's legal procedures for handling sex abuse, explained
- Tesla prepares Model 3 leasing option to boost demand
- Jussie Smollett charged: 'Empire' actor's bond set at $100K, staged attack because he was 'dissatisfied with his salary': police
- Saudi Crown Prince Set to Arrive in China as Asian Tour Rolls On
- 9 Great Utility Stocks to Buy for Income
- Sanders campaign says it raised nearly $6 million on 1st day
- 14 Designers Decorate the Modernism Week Show House With Flair
- Carbon dioxide in our atmosphere may soar to levels not seen in 56 million years
- After surgery, Michael Cohen's prison date postponed to May
- Seven children from same family killed in Canadian house fire
SCOTUS Cracks Down on Civil Asset Forfeiture Posted: 20 Feb 2019 10:11 AM PST The Supreme Court ruled unanimously on Wednesday that state and local governments are not exempt from the Constitutional prohibition against imposing "excessive fines" on citizens, significantly constraining the ability of law enforcement to seize the property of criminal suspects.Justice Ruth Bader Ginsburg, writing for eight of the nine justices, argued that state and local governments unconstrained by the Eighth Amendment's excessive-fines clause are likely to abuse their power."For good reason, the protection against excessive fines has been a constant shield throughout Anglo-American history: Exorbitant tolls undermine other constitutional liberties," Ginsburg wrote. "Excessive fines can be used, for example, to retaliate against or chill the speech of political enemies. . . . Even absent a political motive, fines may be employed in a measure out of accord with the penal goals of retribution and deterrence."The case in question concerned Tyson Timbs of Marion, Ind., who had his $42,000 Land Rover seized after pleading guilty to selling less than $1,000 of heroin. Tyson's property was seized via civil asset forfeiture, which allows the authorities to confiscate property they suspect was used in criminal activity before a suspect is found guilty or even charged with a crime.A trial court subsequently rejected the civil-forfeiture suit brought by the state, holding that the fine should be considered excessive because the vehicle was purchased for more than four times the maximum penalty of $10,000 that Timbs could be subjected to for selling heroin under state law.The Indiana Supreme Court then reversed that decision on the grounds that the excessive-fines clause of the Constitution applied only to the federal government in a ruling that was vacated by the High Court on Wednesday.Civil-liberties advocates celebrated the ruling as a reversal of a trend in which state and local governments increasingly rely on asset forfeiture to fund their operations."Increasingly, our justice system has come to rely on fines, fees, and forfeitures to fund law-enforcement agencies rather than having to answer to elected officials for their budgets," Scott Bullock, the president and general counsel of the Institute for Justice, said in a Wednesday statement. "This is not just an ominous trend; it is a dangerous one. We are grateful that the U.S. Supreme Court established that the U.S. Constitution secures meaningful protections for private property and limits the government's ability to turn law enforcement into revenue generators." |
Putin promises Russians better living conditions 'within this year' Posted: 20 Feb 2019 01:51 AM PST President Vladimir Putin promised Russians rapid improvements in their living conditions as he kicked off his annual state of the nation address on Wednesday. "We cannot wait, the situation must change for the better now," Putin said. "The principles should be -- the more children, the less taxes," Putin said, adding that Russia is going through a "difficult stage" in demography. |
Hoda Muthana: US bars Alabama woman who joined Isis from returning Posted: 21 Feb 2019 04:31 AM PST US secretary of state Mike Pompeo has said the state department will block an American-born woman who left Alabama to join Islamic State in 2014 from returning to the US. Hoda Muthana, 24, told the Guardian this week that she regretted leaving the US to join the terrorist group and wants to return from Syria with her 18-month-old son. Pompeo said on Wednesday that the US will refuse to take Muthana back, saying she is "not a US citizen". |
The Teen From the Lincoln Memorial Protest Is Suing the Washington Post for $250 Million Posted: 19 Feb 2019 11:38 PM PST |
Venezuela Army Trucks Block Guaido's Travels as Showdown Looms Posted: 21 Feb 2019 10:32 AM PST |
Colorado Man Fatally Beat Fiancee with Bat on Thanksgiving, Officer Testifies Posted: 19 Feb 2019 08:23 PM PST |
In U.S., pope's summit on sex abuse seen as too little, too late Posted: 20 Feb 2019 03:24 PM PST In the study of his home outside Washington, victims' advocate Tom Doyle searched a shelf packed with books to find the thick report that led him to stop practicing as a priest and devote himself to helping those who had been sexually abused by clergymen. The 1985 report was one of the first exposes in a sexual abuse scandal that has plagued the Catholic Church. Pope Francis has called senior bishops to meet for four days starting on Thursday to discuss how to tackle the worsening crisis. |
Posted: 20 Feb 2019 02:54 PM PST |
Every Photo From Our EV Battle Between the 2019 Chevrolet Bolt EV and 2019 Hyundai Kona Electric Posted: 20 Feb 2019 11:30 AM PST |
Jussie Smollett directed brothers to pour gas on him and yell slurs, prosecutor says Posted: 21 Feb 2019 04:53 PM PST |
Canada looks to reunite Syrian family after fire claims seven kids Posted: 21 Feb 2019 10:18 AM PST Canada is looking to quickly bring over siblings of a Syrian refugee distraught over the loss of her seven children in a Halifax house fire, the prime minister said Thursday. "The immigration minister is seized with this particular case," Prime Minister Justin Trudeau said when asked if Ottawa would fast-track the immigration or asylum process to bring the woman's brothers to Canada in order to provide her with family support. The family was among tens of thousands of Syrian refugees welcomed by Canada over the past four years. |
Rubio Predicts Maduro’s Troops Won’t Block Humanitarian Aid Posted: 21 Feb 2019 12:30 PM PST Senator Marco Rubio (R., Fla.) said Wednesday that Venezuelan troops have already begun to disobey orders and will likely refuse to block the thousands of volunteers who plan to escort a humanitarian-aid caravan across the country's border on Saturday."Saturday's a day when we're going to find a lot about the Maduro regime," Rubio told Bloomberg in a telephone interview. "I have reason to believe that rank-and-file military are not going to violently suppress aid workers."Opposition leader Juan Guaidó, who is officially recognized as the president of Venezuela by the Trump administration and 30 other nations, has urged the military to defect and refuse Maduro's orders to block aid shipments at the border."There's already significant resistance" by rank-and-file troops, causing military leaders to doubt "whether the people under their command are going to do what they're asking them to do," Rubio said.More than 600,000 Venezuelans have preemptively signed up to escort large shipments of much-needed food and medicine across the country's border with Colombia, according to Guaidó, who vowed the aid will enter the country "one way or another."The supplies have been accumulating at the border due to the Maduro regime's refusal to accept foreign aid intended to ease starvation and sickness. Maduro has repeatedly cast the foreign-aid efforts as a "political show," designed to serve as a pretext for invasion. |
Meet the 'New' F-21 Fighter: An F-16 On Steroids (With F-22 and F-35 DNA)? Posted: 20 Feb 2019 05:00 PM PST |
With Top Investor in Jail, Putin Hits at Business Climate Posted: 20 Feb 2019 05:21 AM PST |
Britain, EU closer to possible agreement on Brexit: EU diplomats Posted: 21 Feb 2019 04:35 AM PST The backstop is an insurance policy designed to avoid border controls between EU member Ireland and British-ruled Northern Ireland after Brexit. "We are also looking at updating the declaration on future EU-UK ties after Brexit to give more prominence to the 'alternative arrangements' sought by Britain," said one EU diplomat who deals with Brexit. "But May won't get any firm wording before Feb. 28." A second diplomat, briefed on the May-Juncker talks on Wednesday evening, confirmed the EU would only signal this was the direction of travel before the British prime minister faces another round of Brexit votes in the UK parliament. |
Bernie Sanders announces run for presidency in 2020: 'We're gonna win' Posted: 19 Feb 2019 06:31 PM PST Bernie Sanders, the independent senator from Vermont whose 2016 presidential campaign helped energize the progressive movement and reshaped the Democratic party, has entered the 2020 race for the White House. Sanders, a self-styled democratic socialist who spent much of his nearly 30-year congressional career on the political fringe, cast his candidacy as the best way to accomplish the mission he started three years ago when he ran against Hillary Clinton for the Democratic nomination. |
Woman who joined Islamic State cannot return to U.S., Pompeo says Posted: 20 Feb 2019 04:28 PM PST Hoda Muthana, 24, traveled to Syria over four years ago to join Islamic State, also known as ISIS. In media interviews this week from a detention camp in Syria, Muthana said she was sorry for her actions and wanted to return to her family in Alabama with her toddler son. Pompeo said Muthana was not a U.S. citizen and would not be admitted into the United States. |
As Vatican meets on sex abuse, Pope must defrock Guam's Apuron, groups say Posted: 20 Feb 2019 04:10 AM PST |
Pakistani-held Kashmir on alert as tensions with India rise Posted: 20 Feb 2019 04:15 PM PST Bunkers are being rebuilt and a blackout has been ordered, but schools and bazaars remained open Thursday in Chakothi, a border village in Pakistani-held Kashmir, after a deadly attack sent tensions with neighbouring India soaring. Residents were worried but life was going on in the village of some 3,000 inhabitants just three kilometres (two miles) from the "Line of Control", the de facto border which divides Kashmir between India and Pakistan. India and Pakistan, both nuclear powers, have been fighting for seven decades over the Himalayan region of Kashmir, now one of the most militarised zones in the world. |
Chicago Police Chief: Smollett Staged Hate Crime because He Was ‘Dissatisfied with His Salary’ Posted: 21 Feb 2019 07:36 AM PST Chicago Police superintendent Eddie Johnson announced during a Thursday press conference that Empire actor Jussie Smollett hired two men to stage a racially motivated attack on him in order to advance his career and increase his earnings.Upon taking the stage, Johnson immediately expressed regret that Chicago's victims of gun violence do not receive the same media attention that was afforded to Smollett's story. He then condemned the actor's willingness to cynically use the history of racism in America to advance his career."Smollett took advantage of the pain and anger of racism to promote his career," Johnson said. "This publicity stunt was a scar that Chicago didn't earn, and certainly didn't deserve."Johnson went on to explain that the two Nigerian brothers hired by Smollett to carry out the hoax told police he hoped the staged attack would be financially beneficial."The stunt was orchestrated by Smollett because he was dissatisfied with his salary," Johnson said.Smollett turned himself in early Thursday morning after being charged with disorderly conduct, a class-four felony that typically results in a sentence of anywhere between probation and three years in prison.Johnson also confirmed reports that Smollett first attempted to claim victimhood status by sending himself a threatening letter that included racist, homophobic, and politically charged language. When the letter, which was accompanied by white powder, failed to elicit the reaction Smollett hoped for, he paid the brothers, one of whom worked on Empire, $3,500 to stage an attack on him early on the morning of January 29. |
20 Affordable Indoor Planters We Love Posted: 21 Feb 2019 02:03 PM PST |
France Says Internet Platforms Could Be Fined for Racist Content Posted: 21 Feb 2019 02:11 AM PST President Emmanuel Macron on Wednesday night told the annual meeting of France's largest Jewish organization that a law could be presented in May in response to a recent spate of anti-Semitic incidents. "There will be an obligation for results: if the content is not taken down then there will be a fine, and a large fine," Mahjoubi said on France Info radio. |
Driver hurt by air bag shrapnel as investigation drags on Posted: 20 Feb 2019 12:23 PM PST |
Working While Receiving Social Security Disability Posted: 20 Feb 2019 07:35 AM PST To become eligible for Social Security disability benefits, you must be unable to engage in substantial gainful activity. "It is possible to qualify for Social Security disability benefits and still work in a limited capacity," says Nick Ortiz, a board-certified Social Security disability attorney and owner of Ortiz Law Firm in Pensacola, Florida. Read on for a look at what's involved with Social Security disability benefits, as well as the rules related to working while receiving benefits. |
Posted: 21 Feb 2019 07:30 AM PST Donald Trump has called on American companies to become leaders around the world in "5G, even 6G" technology in a series of tweets. "I want 5G, and even 6G, technology in the United States as soon as possible," the president tweeted on Thursday morning. "I want the United States to win through competition, not by blocking out currently more advanced technologies. |
North Carolina Republican's son says warned father about operative's past Posted: 20 Feb 2019 02:20 PM PST A state probe into the election for the 9th Congressional District has uncovered the fraudulent scheme by a consultant working for the campaign of candidate Mark Harris. The probe could lead to a new election to fill the seat, which has remained vacant since state officials refused to certify Harris' apparent victory over Democratic rival Dan McCready by 905 votes out of 282,717 ballots cast. The five-member State Board of Elections heard evidence this week that the political consultant, Leslie McCrae Dowless, hired workers to solicit and collect absentee ballots from voters in violation of state law. |
Charity says 24 Polish bishops covered up sex abuses of minors Posted: 21 Feb 2019 09:00 AM PST A Polish charity helping victims of child abuse committed by Catholic priests accused 24 bishops on Thursday of concealing perpetrators of sexual molestation of minors. The "Have No Fear" charity made the allegation in a report released as Pope Francis convened Catholic leaders from around the world to address scandals over child sexual abuse by priests that have ravaged the Church's credibility over the last three decades. The report, which has been delivered to the pope, named Polish bishops whom it said had "concealed clerical crimes and moved pedophilic priests from one parish to another". |
Chuck Schumer and Bernie Sanders Have a Plan to Kill the Stock Market Posted: 20 Feb 2019 03:30 AM PST Senators Chuck Schumer of New York and Bernie Sanders of Vermont want to penalize "self-indulgent" corporations that buy back their own stock. In a recent article in the New York Times, they argued that when companies repurchase shares, not only do the vast majority of Americans not benefit, but income inequality is exacerbated since only wealthy shareholders and corporate management profit.Despite decades of extraordinary success that the United States has enjoyed and that we enjoy today, Schumer and Sanders believe that something sinister is taking place in the corporate world. They call buybacks a form of "corporate self-indulgence." Why? Because> corporate boardrooms have become obsessed with maximizing only shareholder earnings to the detriment of workers and the long-term strength of their companies. . . . Companies, rather than investing in ways to make their businesses more resilient or their workers more productive, have been dedicating ever larger shares of their profits to dividends and corporate repurchases.Now even some Republicans are getting on board. Florida senator Marco Rubio has suggested changes in the tax law to discourage buybacks because he says they "inflate" the prices of stock "at the expense of future productivity & job creation."These senators don't seem to fully understand that the purpose of a business is to allocate resources in a way that maximizes per share results over the long run. To think that this can be achieved at the expense of workers, at the expense of investing in research, at the expense of developing new and better products, at the expense of investing in equipment to both lower the cost and increase the quality of production, etc. is sophomoric. This underscores their lack of knowledge about investing and financial markets.Companies have several options with regard to the use of excess cash. They can (1) retain the funds in the company, (2) invest in the capital needed to grow the company, (3) make acquisitions, (4) pay out the excess cash in the form of dividends, or (5) repurchase shares from existing shareholders.These senators see little value in share buybacks, but they should listen to Warren Buffett, who is unequivocally a long-term investor. His financial success is a result of making exceptional long-term investments in resilient companies. Unlike Schumer and Sanders, Buffett is an enthusiastic proponent of utilizing excess cash to repurchase shares when conditions are favorable (or opportune).Here is what he said in his 1984 annual report: "The companies in which we have our largest investments are all engaged in significant share repurchases at the times when a wide discrepancy exists between price and value." He has made this point repeatedly throughout the years. These companies repurchase shares and continue to grow, continue to invest in research, in capital that will improve the quality and lower the cost of products. He has even bought back $1 billion of shares of his own company, Berkshire Hathaway, not because he is "self-indulgent" but because he thinks the firm is undervalued.Schumer and Sanders—and in some cases they are joined by Rubio—provide two main reasons we are in a stock buyback "crisis":> First, stock buybacks don't benefit the vast majority of Americans.> > Second, when corporations direct resources to buy back shares on this scale, they restrain their capacity to reinvest profits more meaningfully in the company in terms of R&D, equipment, higher wages, paid medical leave, retirement benefits and worker retraining.The first point is utter nonsense. More than 100 million average Americans own stock. Americans invest in mutual funds and index funds and buy and sell stock every day. Tens of millions more have 401K plans, and most union pension funds have hundreds of billions of dollars invested in stocks.The second point is equally absurd. A corporate board of directors is elected by shareholders, the owners of the company. When a board makes the decision to repurchase shares, it is a sign of confidence in the firm's long-term profitability. It raises share values, which obviously benefits shareholders and puts firms in better financial shape — which also benefits the employees. Essentially, Schumer and Sanders believe, and Rubio seems to believe, that they have the right to tell the owners of a corporation the best way to allocate their profits.Studies show that firms that buy back their own shares have strong long-term growth.Consider Apple. It has become the most valuable company in the world. This exceptional success was achieved because of the enormous investments they made to develop revolutionary products. Companies cannot develop revolutionary products by underpaying talented workers or without investing billions of dollars in research, factories, and equipment. Not incidentally, Apple has repurchased billions of dollars of its own stock.The hyper-competitiveness and efficiency of U.S. companies is a major reason that unemployment is at a near 50-year low. Today, no company can survive if its workers are treated poorly. Walmart, which Schumer and Sanders attacked in their article, and many other companies recently raised their wage rates substantially, starting with entry-level positions.What is most disturbing about Schumer and Sanders's proposal is their hubris in believing that they know how every company should handle its excess cash better than the CEOs, the boards of directors, and shareholders do. That is a rather all-encompassing statement. One would be hard-pressed to find a more vivid example of what Friedrich Hayek called "the fatal conceit," the distorted notion that one knows more than is knowable. Would Buffett invest in a company if Schumer and Sanders were in charge of allocating its resources?We doubt it. Who in their right mind would?If approved, what Schumer and Sanders propose would not only hurt U.S. companies. It would harm the entire U.S. economy and financial system. It would raise the cost of capital for companies. What they advocate would tell domestic and foreign investors that our government is interfering with how companies allocate their resources.What is the difference between going after a large company with lots of shareholders and a small company with one owner? How long before Senators Schumer and Sanders tell the tire-shop owner that he has not paid his employees enough and that therefore he has withdrawn too much of the profit as an owner distribution?Every shareholder and business owner in America should rise up in loud protest against what these senators are proposing.Thomas A. Smith is the president of the Smith Foundation and ran a successful investment company for 40 years. Stephen Moore is a senior fellow at the Heritage Foundation and an economic consultant with FreedomWorks. |
Saudi Prince Pledges to Help India Fight Terror Posted: 20 Feb 2019 01:50 AM PST "Terrorism is a common concern and Saudi Arabia will cooperate with India in fighting it, including in matters like intelligence sharing," Prince Mohammed said in a press statement alongside Modi in New Delhi. The comments were part of the Saudi royal's delicate diplomacy, as he visits both nuclear-armed South Asian neighbors amid heightened geopolitical tensions. |
Funeral held for youngest victim of factory shooting Posted: 20 Feb 2019 07:00 PM PST |
Storm dropping snow on Las Vegas; 1 inch reported at airport Posted: 21 Feb 2019 09:39 AM PST |
Tesla Model 3 Loses CR Recommendation | Reliability Posted: 21 Feb 2019 09:34 AM PST |
NYT publisher: Trump 'retreating from a distinctly American principle' Posted: 20 Feb 2019 10:16 AM PST |
United Airlines: Three new routes for fast-growing Denver hub Posted: 20 Feb 2019 05:39 AM PST |
Abbas says will reject reduced tax reimbursement from Israel Posted: 20 Feb 2019 09:02 AM PST Palestinian president Mahmud Abbas said Wednesday he would not accept partial payment of tax transfers owed by Israel, which decided to withhold reimbursements in retaliation for payments to prisoners jailed for attacks. "We shall not accept the (tax) money if it is not paid in full," Abbas told a central committee of the Palestine Liberation Organisation in Ramallah in the occupied West Bank. Israel's security cabinet on Sunday approved the freezing of $138 million (122 million euros) over the Palestinian Authority's payments to prisoners jailed for attacks on Israelis. |
Vatican's legal procedures for handling sex abuse, explained Posted: 20 Feb 2019 11:31 PM PST |
Tesla prepares Model 3 leasing option to boost demand Posted: 20 Feb 2019 01:45 PM PST |
Posted: 21 Feb 2019 01:22 PM PST |
Saudi Crown Prince Set to Arrive in China as Asian Tour Rolls On Posted: 20 Feb 2019 04:52 PM PST The visit will include a meeting with President Xi Jinping and a high-level joint dialogue aimed at boosting relations after the nations agreed to promote a comprehensive strategic partnership in 2016. China overtook the U.S. as the kingdom's biggest trading partner in 2013. The world's most populous nation accounted for about 15 percent of all Saudi imports and exports last year compared with 8 percent a decade earlier, according to data compiled by Bloomberg. |
9 Great Utility Stocks to Buy for Income Posted: 21 Feb 2019 09:26 AM PST When investors think of low-risk investments, they often think of utility stocks. When times get tough it's much easier to cut back on discretionary spending like travel or apparel than it is to materially reduce your energy use. Income investors are particularly drawn to energy utilities because consistent demand fuels consistent profits -- and regular dividends are the result. |
Sanders campaign says it raised nearly $6 million on 1st day Posted: 20 Feb 2019 04:48 AM PST |
14 Designers Decorate the Modernism Week Show House With Flair Posted: 21 Feb 2019 01:07 PM PST |
Carbon dioxide in our atmosphere may soar to levels not seen in 56 million years Posted: 21 Feb 2019 12:17 PM PST |
After surgery, Michael Cohen's prison date postponed to May Posted: 20 Feb 2019 05:26 PM PST |
Seven children from same family killed in Canadian house fire Posted: 19 Feb 2019 09:52 PM PST A house fire in the eastern Canadian city of Halifax has killed seven children from the same family, Halifax police said on Tuesday. The Canadian Broadcasting Corp identified the family as Syrian refugees and said the children ranged from three months to 17 years old. Police and fire officials have not yet determined the cause of the fire. |
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