Government’s insatiable appetite

Taxing their people into prosperity.

Even with unemployment at a 50-year low, homelessness is on the rise in American cities as the cost of housing ramps higher. The Department of Housing and Urban Development reports that the homeless population grew 0.3% this year, a second annual increase after seven years of declines. The backdrop is skyrocketing rentals in the biggest metropolitan areas: New York and Los Angeles, where a quarter of the nation’s homeless live, have seen rents increase 20% and 30%, respectively, since 2012. 

Don’t Go Into Debt for College

There is more student loan debt than credit card debt.

Unless you are a STEM major and know that’s what you want to do in life.

You don’t want to start out STEM, rack up $75k in debt, and finish as a philosophy major making lattes for a living.

The level of student debt in the U.S. has more than doubled since the end of the Great Recession in 2009 — to $1.465 trillion — with those borrowing during 2012 defaulting faster than in any other year since that time. Most of those students are now aged 24 to 33, meaning they entered the workforce when the unemployment rate was twice as high as today. Some 2.7 million borrowers owe more than $100,000 in student debt.

Bernie Sanders Accused Of Using Government To Target Company That Ran Political Ad Against Him

The office of Independent Sen. Bernie Sanders is being accused of wielding its political power in order to seek retribution against a Vermont business owner who ran an ad attacking Sanders over his hypocrisy.

Rodolphe “Skip” Vallee, the CEO of St. Albans-based gasoline distributor and retailer R.L. Vallee, is alleging that Sanders and his senior press adviser, Daniel McLean, conspired against the business owner by drumming up a class-action lawsuit, according to federal court documents.

California has abandoned a plan to tax text messages

What did Reagan use to say about liberals: if it moves, tax it?

California has abandoned a plan to tax text messages. The Federal Communications Commission ruled that text messaging is an “information service” and not a telecommunications service, leading the California Public Utilities Commission to cancel a January vote on the proposal. The CPUC had hoped to add monthly fees for text messages to help subsidize services for lower earners as landline revenues decline. 

Bottled Water Faces a Reckoning

Another about time!

  • Bottled water faces a reckoning: America’s most popular beverage is confronting a crisis, as consumers rail against disposable plastic and state and local governments implement bans. The world’s biggest water brands are rushing to find alternatives, amid anticipated sales declines. Evian — which says it will produce all of its bottles from recycled material by 2025 — has teamed up with Montreal-based Loop Industries, which claims it can break down plastic into its core ingredients without using heat or pressure, producing a clear bottle that looks new.
  • Occupy Silicon Valley

  • It’s about time.
  • Occupy Silicon Valley: “The ire progressives once felt toward the 1% on Wall Street is turning on Silicon Valley,” says Redfin CEO Glenn Kelman, with increased scrutiny of the financial might and ethical decisions of the biggest players in tech.

  • Americans are Using Less Cash

    Americans are using less cash, with roughly 29% of adults making no purchases with physical currency during a typical week, according to the Pew Research Center. That’s up from 24% in 2015. And more Americans are comfortable walking around without cash — 53% try to keep currency on hand, down from 60% in 2015. The shift comes as businesses increasingly go cashless. Critics argue this trend hurts low-income Americans — particularly the unbanked — who use cash much more regularly than wealthier households, according to Pew. •

    UI football player arrested on rape charge

    University of Idaho football player Kyree Curington was arrested today and faces the charge of rape, according to the Latah County Jail roster.

    A warrant was issued for Curington’s arrest after police logged an incident report early Friday morning relating to an alleged sex offense at the university’s Wallace dormitories.

    According to the Moscow Police Department’s daily log, a parent of the alleged victim made a call at 5:04 a.m. Friday morning from California, “advising possibly sexual assault.”

    Curington was booked into the Latah County jail at 2:19 p.m. today. His bail is set at $75,000.

    This story will be updated as more information becomes available.

    Want a free house? Try Japan

    Right here is the sign of a dying country.

    Want a free house? Try Japan. As its population ages, Japan’s stock of vacant housing is on the rise. The vacancies — mostly in rural parts of the country — have sparked an uptick in real estate sites offering houses at heavily reduced prices and even for free (after taxes and fees, of course). Japan’s elderly are ditching their homes because they can’t maintain them or to avoid paying property tax, CNBC reports. By 2033, 20% of the nation’s homes are expected to be vacant, up from 13.5% in 2013. 

    Capitalism vs. Crapitalism


    Crapitalism a.k.a. crony capitalism, corporatism, or democratic capitalism. 

    We don’t have capitalism in the USA, never have. 

    Bottom Line: Under free market capitalism, the most innovative, consumer-friendly corporations are successful and make the most money. Under democratic capitalism and crony capitalism, the most pro-producer, corrupt and manipulative corporations make the most money.

    HT: MJP

    No one seems to be talking about that fact that the original writer of the 14th Amendment, Senator Jacob Howard, who worked closely with Abraham Lincoln, spoke before the Senate, explaining the meaning of the Amendment parts.. He said, “Every person born within the limits of the United States, and subject to their jurisdiction, is by virtue of natural law and national law a citizen of the United States. THIS WILL NOT, OF COURSE, INCLUDE PERSONS BORN IN THE UNITED STATES WHO ARE FOREIGNERS, ALIENS, WHO BELONG TO FAMILIES OF AMBASSADORS OR FOREIGN MINISTERS accredited to the Government of the United States, but will include every other class of persons.”