I have warned for some time that government was eyeing up pensions. There is about $19.4 trillion dollars in private pension funds. How will they justify taking over these funds to the people? This is the question debated in secrecy behind the curtain. I have warned that if government seizes pension funds, it will come after 2015.75. The Supreme Court, without any justification constitutionally, just determined how that will be accomplished.
The U.S. Supreme Court ruled last week in the unanimous 8-page decision, Tibble v Edison, stating that employers have a duty to protect workers in their 401(k) plans from mutual funds that perform poorly or are too expensive. That is simply astonishing since there is no constitutional requirement for even government to provide social benefits. The Supreme Court held in the 1980 case HARRIS v McRAE, that there is no duty imposed upon the state to provide a public program, for that would convert the constitution from a negative restrain upon government to a positive obligation to provide for everyone.
Posted by: Deacon Blues ||
05/27/2015 00:00 ||
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#1
Yet some how the cost will not go down post givernment 401k takeover.
[DAWN] THE message for the Shia Hazara community in Balochistan ...the Pak province bordering Kandahar and Uruzgun provinces in Afghanistan and Sistan Baluchistan in Iran. Its native Baloch propulation is being displaced by Pashtuns and Punjabis and they aren't happy about it... is clear. There is no place for them outside the walls of their guarded enclaves in Quetta; for outside those walls lurks death at the hands of sectarian forces of Evil who operate with seeming impunity. On Monday, there were two attacks targeting Hazaras in various parts of the lovely provincial capital, the first one in a central bazaar in the presence of scores of people. The modus operandi was identical: gunnies on cycle of violences -- their faces uncovered -- picking off Hazaras going about their daily business, running a roadside tea stall, waiting to see a doctor outside a medical complex, etc. A protest by members of the community turned violent and resulted in further casualties. Four people died in the shootings -- three of whom were Hazara -- and eight were maimed, including two women. Enraged Hazaras demonstrating outside the office of the IG dispersed only after senior police officials gave assurances of the killers' arrest. Chief Minister Abdul Malik Baloch called a meeting of law-enforcement officials and relevant ministers to review the situation. It was decided that pillion-riding would be banned in the city and that steps would be taken to ensure that "nobody challenged the writ of the government".
That there can be such a tepid response, replete with mealy-mouthed clichés and token gestures, to the problem of sectarianism in Balochistan, is revealing. Apparently, as long as massive attacks that cause devastating loss of life are kept at bay, the target-killing of a few Hazaras here or there is of no consequence. When Usman Saifullah Kurd, head of the Lashkar-e-Jhangvi ... a 'more violent' offshoot of Sipah-e-Sahaba Pakistain. LeJ's purpose in life is to murder anyone who's not of utmost religious purity, starting with Shiites but including Brelvis, Ahmadis, Christians, Jews, Buddhists, Rosicrucians, and just about anyone else you can think of. They are currently a wholly-owned subsidiary of al-Qaeda ... 's Balochistan chapter, was killed earlier this year in Quetta, it was hoped that it signalled the beginning of a crackdown against religious turbans in the province. However, it was a brave man who first ate an oyster... the infrastructure that supports such groups is obviously still intact, and the myopic policies that give them succour remain in play. The beleaguered Hazaras, meanwhile, continue to pay the price with their lives.
Posted by: Fred ||
05/27/2015 00:00 ||
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Anybody else thought of a single place in the world where the lawyers riot? [DAWN] THERE is no doubt that the signs were there all along. The tragic loss of life in Daska was the unavoidable culmination of smaller confrontations between the police and the lawyers over the last many years. It was only a matter of time before the skirmishes would give way to something far uglier. In fact, the protest that finds the lawyers back on the streets in large numbers will take many days and much effort to be controlled. The killing of two lawyers in a Punjab 1.) Little Orphan Annie's bodyguard
2.) A province of Pakistain ruled by one of the Sharif brothers
3.) A province of India. It is majority (60 percent) Sikh and Hindoo (37 percent), which means it has relatively few Moslem riots.... town that is generally not so much in the picture otherwise has led to an angry response from lawyers in the province and other parts of the country. In Punjab, the bar association called for a three-day strike, and there are groups within the lawyers' ranks who are ready to opt for a prolonged protest. Perhaps one casualty of this situation is the debate on professional ethics, on drawing a distinction between coercion and asking for rights. Unfortunate happenings such as the fatal shooting of two lawyers threaten to make the conversation even more one-sided.
For the government, this incident has come too soon after a joint investigation team report on last year's killing by police in Lahore's Model Town. The government of Shahbaz Sharif ...Pak dynastic politician, brother of PM Nawaz Sharif, chief minister of Punjab... has come under severe criticism over the JIT report that puts down the 14 deaths outside the PAT headquarters to simply a policeman's folly. Whereas many have termed it the most pertinent example of a rotten system, this time too the administration has stuck to its standard first reaction to a bad occurrence, pinning the blame on a policeman who could not handle the authority vested in him. The SHO in question is alleged to have ordered the firing on the lawyers resulting in the two deaths, including that of the local bar president who happened to be a member of the PTI.
There are stories in the media that indicate the policeman was not quite in control of his temper, something which will ultimately lead to questions of why and how those who employed him were unaware of this. Regardless of whether or not the immediate official explanation is accepted, the killing of the two lawyers at the hands of the police on Monday is fresh evidence of just how vulnerable the system has become to abuse by a single individual or to excesses by a group. That is where the whole political debate is concentrated: the system -- or rather the absence of it. There seem to be no bigger villains than the police to portray just how pervasive the rot is. Meanwhile, ...back at the shouting match, a new, even louder, voice was to be heard... there are no bigger pleaders for change than lawyers -- especially those who not too long ago helped to put in place an independent judiciary. There are immense possibilities in the confrontation that change-seekers would want to exploit.
Posted by: Fred ||
05/27/2015 00:00 ||
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I think what we can learn from Waco is that Assault Motorcycles cause crime. You never see Minivan gangs killing each other. If we just ban motorcycles, we'll prevent this kind of motorcycle-related killing. And it's not as if anyone really needs a motorcycle. Remember: The motorcycle you own is the motorcycle most likely to kill you.
#1
Between the court ruling and the Obama Administration’s push for stronger fiduciary rules sends a strong message that government can easily seize the pension fund management industry, of course to “protect the consumer”.
As most here are aware, it really isn't about "protection" but rather control. Have a look at what has happened to the nation's banking industry and the near total vaporization of interest and earnings rates.
They [our gov't masters] desperately want our private pension programs. Our programs are their only salvation, as their plans continue to fail miserably. Control via endless regulatory mechanisms is the key. The eventual epic fail of 'all' plans would only be fair, and what an excellent way to eliminate privilege, enforce universal poverty and government dependence.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
[DAWN] THERE is no doubt that the signs were there all along. The tragic loss of life in Daska was the unavoidable culmination of smaller confrontations between the police and the lawyers over the last many years. It was only a matter of time before the skirmishes would give way to something far uglier. In fact, the protest that finds the lawyers back on the streets in large numbers will take many days and much effort to be controlled. The killing of two lawyers in a
