Chief Justice John Roberts has a blunt message for wealthy donors tired of campaign finance rules: Fund a super PAC.

It’s simpler, he wrote in his McCutcheon v. FEC opinion Wednesday, than dealing with a web of interlocking fundraising committees.

Roberts also did something that outraged advocates of tighter campaign finance regulation: He used the ubiquity of super PACs to justify looser rules on political contributions. Roberts spearheaded a 5-4 high court ruling that said caps on the total amount of money an individual can give to political campaigns, PACs and parties are unconstitutional.



Not the body… or is it?

April Fool’s Day pranks are often known to be ghoulish, so when a Florida man spotted what appeared to be a mannequin made to look like a corpse outside his work Tuesday, he tossed it in the trash without giving it a second thought.

It was not until police arrived hours later that 61-year-old Ronald Benjamin, of St Petersburg, learned that the prop he had hurled into the Dumpster was actually a deceased 96-year-old woman.

earnings

Here is the latest conversation I had with money manager Andrew Horowitz…. new insights for anyone who invests in anything.


Click here for non-Flash version.
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Extremely Informative with lots of good graphics and statistics. Not a gloom and doom piece.

 

How many people still have landlines? How many readers have actually used a rotary phone? Remember when you had to lease your phone from The Phone Company?

Telecom giants AT&T and Verizon Communications are lobbying states, one by one, to hang up the plain, old telephone system, what the industry now calls POTS–the copper-wired landline phone system whose reliability and reach made the U.S. a communications powerhouse for more than 100 years.

Last week, Michigan joined more than 30 other states that have passed or are considering laws that restrict state-government oversight and eliminate “carrier of last resort” mandates, effectively ending the universal-service guarantee that gives every U.S. resident access to local-exchange wireline telephone service, the POTS. (There are no federal regulations guaranteeing Internet access.)

The two providers want to lay the crumbling POTS to rest and replace it with Internet Protocol-based systems that use the same wired and wireless broadband networks that bring Web access, cable programming and, yes, even your telephone service, into your homes.


Executive Producers: Brian House Sir Baz Von Bateau, Todd Brink
Associate Executive Producers: Edgar Rothermich, Sir Mac Tank, Dame Sam Menner
Art By: Nick the Rat
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Executive Producers: Brad R. King, Christopher Kilgour, Vic Ogburn, Dennis Goad
Associate Executive Producers: Bill, Steve Carr, Claudia Gerber, Matt Astbury
Art By:Kosmo
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I’m sorry for his dementia. Time to retire.


Click pic to embiggen

Found on reddit

628x471

California state Sen. Leland Yee is facing a slew of corruption charges as part of a massive FBI sting operation that surfaced allegations of firearms trafficking, money laundering, murder-for-hire and drug distribution.

A federal complaint unsealed Wednesday accuses the San Francisco Democrat of engaging in a conspiracy to traffic firearms and accepting campaign donations in exchange for official acts. In one instance, Yee, who has been a strong advocate for gun control during his decade in the state Legislature, allegedly offered to set up an undercover agent with an international arms dealer for $5,000, warning that such business dealings are “not for the faint of heart,” according to the complaint. Over the course of the undercover agent’s relationship with Chow and other defendants, the complaint shows, the undercover agent informed the group that he was interested in generating income from illegal schemes. He was then inducted into CKT as a “consultant,” and allegedly introduced to a number of the defendants in order to launder money, traffic narcotics, firearms and purpotedly stolen cigarettes and liquor and engage in murder-for-hire schemes over the course of multiple undercover operations.

The FBI also arrested Keith Jackson, a well-known political consultant who owns San Francisco-based political consulting firm Jackson Consultancy.

voting2000map

NEW YORK — New York state has the most segregated public schools in the nation, with many black and Latino students attending schools with virtually no white classmates, according to a report released Wednesday.

The report by the Civil Rights Project at the University of California at Los Angeles looks at enrollment trends from 1989 to 2010.

In New York City, the largest school system in the U.S. with 1.1 million pupils, the study notes that many of the charter schools created over the last dozen years are among the least diverse of all, with less than 1 percent white enrollment at 73 percent of charter schools.

“To create a whole new system that’s even worse than what you’ve got really takes some effort,” said Gary Orfield, co-director of the Civil Rights Project and an author of the report. “In the 30 years I have been researching schools, New York state has consistently been one of the most segregated states in the nation — no Southern state comes close to New York,” Orfield said.

Other states with highly segregated schools include Illinois, Michigan and California, according to the Civil Rights Project. The report, which used U.S. Department of Education statistics, also noted increasing segregation in upstate cities including Buffalo, Rochester and Syracuse.

Does this surprise any of ya’ll?……… Bueller? Bueller?

DHunplgged
Here is the latest conversation I had with money manager Andrew Horowitz…. new insights for anyone who invests in anything.


Click here for non-Flash version.
click ► to listen:

Right click here
and select ‘Save Link As…’ to download the mp3 file.
 

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