| The TEA PARTY ECONOMIST
Ron Paul's original staff economist, Dr. Gary North!
Thursday, June 6, 2013
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11-Year-Old Suspended from School for 10 days for saying “Gun.”
A principal suspended a student for saying “gun” on a school bus. The boy had the nerve to tell other students that he thought it would have been a good idea to have had a gun in the Sandy Hook school where the madman shot students. That did it. No more Mr. Nice Guy. The [...] READ MORE Texas Gun Sales Are Off the Charts Gander Mountain is opening four new stores in Texas. The company describes itself as a “firearms super center.” Demand is high and growing. The stores are for outdoorsmen, but these days, indoorsmen are walking in the stores’ doors too. Texas is gun-friendly. The boom in ammunition sales shows no sign of tapering off. This marks [...] READ MORE Paid Vacation for IRS Man in Charge of Obamacare The new head of the IRS is going through a Punch and Judy show with Congress. He has to look tough. He has to make it look like he is doing something to change the culture at the IRS. There is only one thing that can change the culture in any bureaucracy: cut its funding. [...] READ MORE Mortgage Rates Rise Again Last November, people with good credit could get a 3-year mortgage for 3.3%. Today, it’s 3.8%. The rate is likely to keep rising. Some estimates predict that it will be 5% at the end of 2014. Every month, the Federal Reserve buys $40 billion worth of mortgage bonds from Fannie Mae and Freddy Mac, the [...] READ MORE Leno Needles the IRS. Audience Applauds. Now that he is leaving the Tonight Show, Jay Leno is showing his colors. This was choice. President Obama says he’s renewing his efforts to close Guantanamo Bay. Guantanamo Bay? How about closing the IRS? Why don’t we do that? [Thunderous applause] How about shipping the IRS to Guantanamo Bay? That’s what we, yes! That’s [...] READ MORE
The Works Progress Administration was the largest of the New Deal’s make-work programs, employing millions of men at taxpayers’ expense. In this long-forgotten song, Satchmo and the great Mills Brothers have some fun at the expense of the WPA. Now wake up, boys, get out on the rock It ain’t daybreak, but it’s four o’clock [...] READ MORE Hardly Anyone Lives in Rural America. Slightly More Are Leaving. The London Financial Times ran a story on the decline in rural population. It promoted the story as if it were relevant. It isn’t. There was an increase of 134,000 people in rural areas last year. But 179,000 moved out. We are talking fewer than 50,000 people in a nation of 310,000,000. In short, marginal. [...] READ MORE Freedom Fest: Great Video, Great Topic, and the Perfect Place to Meet This is how to make a promo. It is a promotion for the major libertarian event of the year. This is “the gathering of the tribes.” Are We Rome? FreedomFest 2013 from Smooky on Vimeo. READ MORE Federal Reserve Policy: “Made in Japan” Gary North’s Reality Check The FED says it will inflate. Its major representatives keep saying this. To understand the Federal Reserve, we must understand how the Federal Reserve interprets the situation in Japan. The recently adopted inflationist policy in Japan has not yet worked. Business capital spending is down 5%, year to year. Sales were [...] READ MORE Mission Accomplished: China Gets Half of Iraq’s Oil. You may remember the promise of the neocons in 2003: America’s war with Iraq would be paid for by Iraqi oil. Besides, the war would cost only $50 billion — $60 billion, tops. The war cost $2.2 trillion — $3 trillion, tops — and the oil is being gobbled up by China. Oh, well, they [...] READ MORE | ||||||
A Superior Court judge has just set September 10 as the deadline for
Catholic religious orders to release confidential personnel files of
members who were accused of sexually abusing children. The files are
related to lawsuits that have already been settled.
Attorney Raymond Boucher said the deadline affects more than 50
religious orders that operate independently from the Los Angeles
Archdiocese, which has already made public thousands of pages of files.
The order is part of litigation against the Los Angeles Archdiocese that resulted in a $660 million settlement.
The archdiocese released personnel files about its priests within the
past year, but files of the independent orders that report to the
Vatican through a different authority structure had not been released.
The religious orders were defendants in the original lawsuits that
alleged victims brought against the archdiocese in 2002 and 2003. The
orders agreed to the same 2007 settlement that required the files to be
released, but the logistics of the document release were litigated first
with the archdiocese, said Raymond Boucher, attorney for the
plaintiffs.
With Tuesday's order, the new files for as many as 100 priests and
brothers will be made public as they are provided to the court, but no
later than the Sept. 10 deadline, Boucher said.
The Association of Salesian Brothers, which operates Salesian High
School in Boyle Heights, is the largest of the orders affected by the
judge's deadline. However, there are smaller religious orders that must
also make records public, according to the ruling by Superior Court
Judge Emile H. Elias.
