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      by Published on 09-30-2014 12:50 PM

      Latest article about Ron Paul endorsed candidate for WA CD 4, Clint Didier!
      KENNEWICK — Dan Newhouse and Clint Didier went toe to toe over the importance of legislative experience versus being a political outsider Wednesday during the first forum between the two Republican congressional candidates since the August primary.
      Newhouse, who finished 6 percentage points behind Didier in the primary, said his six years as a Republican state representative in a “blue state” taught him how to work across the aisle without compromising his principles to pass conservative legislation. Didier, who is making his third bid for public office, said Congress is full of people with similar experience, but that they have only made a mess of government.
      “If experienced intellectuals
      by Published on 09-30-2014 11:45 AM
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      written by ron paul
      sunday september 28, 2014

      Even though it ultimately failed at the ballot box, the recent campaign for Scottish independence should cheer supporters of the numerous secession movements springing up around the globe.

      In the weeks leading up to the referendum, it appeared that the people of Scotland were poised to vote to secede from the United Kingdom. Defeating the referendum required British political elites to co-opt secession forces by promising greater self-rule for Scotland, as well as launching a massive campaign to convince the Scots that secession would plunge them into economic depression.

      The people of Scotland were even warned that secession would damage the international market for one of Scotland’s main exports, ...
      by Published on 09-30-2014 10:40 AM

      Todd Maisel/New York Daily News

      Mayor de Blasio is set to sign an executive order Tuesday to expand the city’s “living wage” promise to thousands more workers — and remove certain exemptions to the legislation that initially created it.

      Under the order, tenants at commercial projects that get hefty city subsidies will have to pay employees who don’t receive benefits the so-called living wage, which will be raised to $13.13, up from the current $11.90, officials familiar with the plan said.

      The law was passed in 2012 as a compromise deal. It applies to developers who get more than $1 million in city subsidies — but excludes their tenants, meaning retail stores located in those buildings did not have to pay a living wage to their workers.
      by Published on 09-30-2014 08:30 AM

      This sounds important.


      China will begin direct trading between its yuan currency and the euro starting on Tuesday, the national foreign exchange market's operator said, as Beijing seeks to broaden the unit's global usage.

      The China Foreign Exchange Trade System already offers a platform for yuan-euro transactions but direct trading means the US dollar will not be used as an intermediary currency to calculate rates, according to a statement released Monday.

      The market operator said the move aimed to promote bilateral trade and investment, facilitate the use of yuan in cross-border trade and lower conversion costs.

      In June, China started direct trade between the yuan and Britain's pound, one of several currencies to be included in a streamlined regime.

      China has long had direct currency trade with the United States, and in recent years has added Japan's yen, the Australian dollar, the New Zealand dollar and Malaysian ringgit.

      Beijing keeps a tight grip on the capital account -- investment and financial transactions, rather than those related to trade -- on worries that unpredictable inflows or outflows could harm the economy and reduce its control over it.

      But China is seeking greater use of the yuan -- also known as the renminbi (RMB) -- in line with its status as the world's second-largest economy and to challenge the US dollar, analysts say.

      "Direct trading brings together the RMB with the world's second-most actively traded currency and is a significant step in (the) RMB's globalisation," said Ryan Song, head of markets for China at British bank HSBC, which is acting as a market maker for the new pair.

      "The trade and investment ties between China and the European Union, as two of the world's major economies, can be further strengthened through the greater convenience of direct trading in this pair," he said in an HSBC statement.

      The yuan closed at 7.8085 to the euro on Monday, according to the China Foreign Exchange Trade System.
      by Published on 09-30-2014 07:25 AM


      Private information stored online by British computer users could be scrutinised by American law enforcement agencies under a wide-ranging new right-to-snoop being pursued by the US government.

      Federal authorities in the US are using the courts to try to force American-owned technology companies to disclose emails and other data held in the "Cloud" - the vast network of servers where data is stored for customers.

      More at link...
      by Published on 09-30-2014 06:14 AM

      As the tide of war rises again in the Middle East, the military’s rank and file are mostly opposed to expanding the new mission in Iraq and Syria to include sending a large number of U.S. ground troops into combat, according to a Military Times survey of active-duty members.

      On the surface, troops appear to support President Obama’s repeated vows not to let the U.S. military get “dragged into another ground war” in Iraq. Yet at the same time, the views of many service members are shaped by a deep ambivalence about this commander in chief and questions about his ability to lead the nation through a major war, according to the survey and interviews.

      The reader survey asked more than 2,200 active-duty troops this question: “In your opinion, do you think the U.S.
      by Published on 09-29-2014 03:44 PM

      Fed Rate Policies Aid Foreign Banks

      Lenders Pocket a Spread by Borrowing Cheaply, Parking Funds at Central Bank

      Banks headquartered outside the U.S. have been unlikely beneficiaries of the Federal Reserve's interest-rate policies, and they are likely to keep profiting as the Fed changes the way it controls borrowing costs.

      Foreign firms have received nearly half of both the $4.7 billion in interest the Fed paid banks so far this year for the money, called reserves, they deposit at the U.S. central bank, and the $5.1 billion it paid last year, according to an analysis of Fed data by The Wall Street Journal. Those lenders control only about 17% of all bank assets in the U.S.

      Moreover, the Fed's plans for raising interest rates make it likely banks will see those payments grow in coming years.

      Though small in relation to their overall revenues, interest payments from the Fed have been a source of virtually risk-free returns for banks including Deutsche Bank AG, UBS AG, Bank of China Ltd. and Bank of Tokyo-Mitsubishi UFJ, according to bank regulatory filings. U.S. banks including J.P. Morgan Chase & Co., Well Fargo & Co. and Bank of America Corp. are also big recipients of Fed interest payments, according to the filings.

      "It is a small transfer from U.S. taxpayers to foreign taxpayers," said Joseph Gagnon, a former Fed economist at the Peterson Institute for International Economics. The transfer, he added, was a side effect of Fed policy, not a goal.

      by Published on 09-29-2014 01:55 PM

      Nearly 1 In 4 Americans In Their Prime Are Not Working
      By Rachel Stoltzfoos

      Nearly one in four Americans of prime working age are not working, even as the president boasts of falling unemployment numbers and other indicators show economic growth.

      Since the recession began in 2007, the number of Americans ages 25 to 54 who are not working has grown by more than 3.5 million to 28.9 million, according to an analysis Bureau of Labor Statistics data conducted by Senate Budget Committee Republicans...
      by Published on 09-29-2014 12:20 PM

      Seven Awful Reasons for Bypassing Congress on ISIS
      The Constitution is clear on war powers, and yet Congress may not weigh in until next year.
      By W. James Antle III • September 29, 2014

      Maybe if we’re lucky, Congress will vote on the war against the Islamic State in Iraq and Syria—already underway—sometime next year. While a few brave souls are calling for a vote before then, the midterm elections seem to overrule the Constitution.
      Yet some people don’t think Congress should have to vote at all. More than a few defenders of expansive presidential war powers say they are conservatives.

      Why do people who (rightly) oppose the president usurping the power to determine when the Senate is in recess so he can fill a National Labor Relations Board vacancy believe it is fine for him to flout the Constitution’s clear language that Congress shall have the power to declare war?

      Several reasons for this are often given, all of them deeply problematic.

      1. The War Powers Act says it’s okay (at least for 60-90 days)...
      2. Presidents do foreign policy. You can’t run a war by committee with 535 commanders-in-chief...
      3. It is antiquated for Congress to declare war...
      More: http://www.theamericanconservative.c...gress-on-isis/

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