Illinois

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Is The New U.S. 'Law Of War Manual' Actually ‘Hitlerian'?





What seems undeniable about the Law of War Manual, is that there are self-contradictions within it. To assert that it "reads like it was written by Hitler's Ministry of War,” is going too far. But, to say that it’s hypocritical (except, perhaps, on torture, where it’s clearly a repudiation of GWB’s practices), seems safely true. Parts of the document are propaganda. The purpose isn’t to fool the public, who won’t read the document. The purpose of the propaganda is to enable future presidents to say, “But if you will look at this part of the Manual, you will see that what we are doing is perfectly legal.” Those mutually contradictory passages are there in order to provide answers which will satisfy both  the ‘hawks’ and  the ‘doves.’

 
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"Independent" GMO Researcher Forced To Admit $25K Grant From Monsanto





There is no such thing as objective science when a researcher receives tens of thousands of dollars from the GM producers themselves, then goes on to promote their financiers’ products. Corporate collusion between government bureaucracies and educational institutions has become a serious issue in the U.S. that has corrupted objectivity in nearly every sector of American life.

 
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Goldman Weighs In On America's Pension Ponzi: Contributions Must Rise $100 Billion Per Year





"Unfunded pension liabilities have grown substantially. There are several factors behind this, led by lower than expected investment returns and insufficient contributions from state and local governments to the plans. In aggregate this would raise government pension contributions by something like $100bn per year, lowering spending in other areas (or raising taxes) by a similar amount."

 
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Uncle Warren Strikes Again: Kraft Heinz Cuts 2,500 Jobs





Thanks, Uncle Warren. The Kraft-Heinz merger engineered earlier this year by everyone’s favorite folksy octogenarian billionaire along with 3G will cost some 2,500 people their jobs, as the combined entity looks to cut costs.

 
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When Work Is Punished: The Ongoing Tragedy Of America's Welfare State





A study by the Illinois Policy Institute shows just how dramatic the impact of the so-called "welfare effect" can be. In one of the most startling findings for instance, if a single mother raising two children were to accept a pay raise from $12 to $18 per hour, her total resources would fall by nearly 33%.

 
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In Blow To Obama's Iran Deal Hopes, Key Democrat Defects





GOP Presidential hopefuls expressed plenty of distaste for the Iran nuclear deal during last night’s debate, but it was the voice of a Democrat that mattered most on Thursday evening as Chuck Schumer, the influential Jewish Senator from New York, came out in opposition to the accord.

 
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"I Pay $271 A Month To Schools And I Don't Have Kids": Illinois Bureaucracy Sucks Homeowners Dry





Reuters has taken an in depth look at Illinois' sprawling bureaucracy and discovered that the state "is home to nearly 8,500 local government units" which helps to explain why "the average homeowner pays taxes to six layers of government, and in Wauconda and many other places a lot more." The story also sheds quite a bit of light on why the state's fiscal crisis may ultimately prove to be intractable. 

 
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Are We Being Forced Into A "Second American Civil War"… If So, Who Will Win?





A report from the U.S. Army War College discusses the use of American troops to quell civil unrest brought about by a worsening economic crisis. The report from the War College’s Strategic Studies Institute warns that the U.S. military must prepare for a “violent, strategic dislocation inside the United States” that could be provoked by “unforeseen economic collapse” or “loss of functioning political and legal order.” [The report also warns of a possible “rapid dissolution of public order in all or significant parts of the US.”]

 
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Should You Buy A House?





"By stepping back and looking at the big picture, we can see that real estate should be correcting and trending down.  The reasons why our grandparents bought their homes have changed.  Government intervention cannot last forever.  It will change from accommodation to devastation, when they finally run out of ideas. As for buying a house, I would consider it more of a luxury as opposed to an investment, and one has to be prepared for the possibility of it being a depreciating asset, especially if one decides to move."

 
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In Key Decision, Junk-Rated Chicago's Pension Reform Bid Ruled Unconstitutional





On Thursday, we previewed a critical court ruling involving Chicago mayor Rahm Emanuel’s effort to cut pension expenses and plug a yawning budget gap. As expected, Emanuel’s plan was determined to be unconstitutional by Rita M. Novak of the Cook County Circuit Court, further imperling the junk-rated city's financial future and perpetuating a pension ponzi scheme.

 
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PIMCO "Sees Long-Term Value" In Chicago's "Junk" Ahead Of Key Court Ruling





Junk-rated Chicago is paying nearly 8% to issue debt these days and although the city's fiscal woes are set to persist, some asset managers are taking the plunge ahead of a key court ruling scheduled for Friday.

 
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Pension Shocker: Plans Face $2 Trillion Shortfall, Moody's Says





"Moody’s, which in 2013 began using a lower rate than governments do to calculate future liabilities, has estimated that the 25 largest U.S. public pensions alone have $2 trillion less than they need", Bloomberg reports.

 
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Peru Sued By Illinois Firm For Unpaid Birdshit Bonds





As Bloomberg reports, "an old debt for Peru has come home to roost..."

 
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Immigration Policy Must Be Decentralized





Last month, the United States Supreme Court declined to take up a case involving Arizona’s and Kansas’s attempts to require proof of citizenship to vote in federal elections. The refusal of the Supreme Court to hear the case yet again sends a message to state and local governments that the federal government shall continue to centrally direct election and immigration law. The net effect is an imposition of a migrant subsidy scheme across all states regardless of the local economic and demographic realities, while ignoring the fact that residents of certain states bear a greater tax burden in subsidizing migrants.

 
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