Economist Nicole Gelinas, a fellow at the Manhattan Institute, explains the recent financial crisis in this brief video. Did banks fail us? No, she says. The problem is that the U.S. government has become too closely tied to banks, enabling their bad financial practices.
The summer of 2014 saw an overwhelming amount of children making their way, illegally, across the southern U.S. border. Thousands of children and adolescents overwhelmed the Border Patrol and social service agencies. Are we gearing up to see the same type of event this summer? It’s beginning to look that way.
We are not nearly at the numbers we were last year, but it looks like we are in the opening stages. We had two groups equal a little over 70 in one hour today. These were women and children,” said Agent Cabrera. “We’ve also seen a lot of children traveling alone.” (more…)
For decades The Episcopal Church (ECUSA) has faced declining membership (in 1966, the ECUSA had 3,647,297 members; by 2013, the membership was 1,866,758, a decline of 49 percent.) But even when people are leaving the pews someone still has to pay for those pews, as well as the other overhead costs that come with running a large organization. Not surprising, the denomination has sought ways to bring in additional revenue.
Currently, the ECUSA has two primary sources of income. According to its latest audited financial statements for the calendar year 2013, it received a little over $27 million from its member dioceses, and it received half as much again, or $13.8 million, from the federal government.
As A.S. Haley notes, the money ECUSA received from the federal government was in connection with the services provided by Episcopal Migration Ministries, which assists the State Department in relocating refugees throughout the United States. That is certainly noble and necessary work, and the denomination should be commended for providing a valuable service to a vulnerable community.
But as Haley points out, the records show the ECUSA also makes a lot of money as a debt collector:
Earlier this year I declared that Bitcoin was (nearly) dead. But as The Princess Bride’s Miracle Max once explained, “There’s a big difference between mostly dead and all dead. Mostly dead is slightly alive. With all dead, well, with all dead there’s usually only one thing you can do.”
Right now, Bitcoin is only mostly dead. As an investment, it was the worst of 2014. As a currency, it was destroyed by the IRS by a single sentence (“For federal tax purposes, virtual currency is treated as property.”). All that really remains is for it to become a financial network. But then it will be likely killed (i.e., all dead) with one word: regulation.
Yesterday the State Department released its International Religious Freedom Report for 2013. A wide range of U.S. government agencies and offices use the reports for such efforts as shaping policy and conducting diplomacy. The Secretary of State also uses the reports to help determine which countries have engaged in or tolerated “particularly severe violations” of religious freedom in order to designate “countries of particular concern.”
“In 2013, the world witnessed the largest displacement of religious communities in recent memory,” is the depressing introduction to the report. “In almost every corner of the globe, millions of Christians, Muslims, Hindus, and others representing a range of faiths were forced from their homes on account of their religious beliefs.”
Because you had party balloons at your 7-year-old’s birthday party, you many not be able to get a MRI scan by the time your 70. At least that is the conclusion of some scientists who say the world supply of helium, which is essential in research and medicine, is being squandered because we are using the gas for party balloons: