Medical Marijuana Farmers Market to Open in L.A.

June 26, 2014 by  
Filed under Economy

 

The world’s first such opportunity for patients and growers to interact and build relationships will take place over Independence Day weekend.

Farm to Bong….

Hollywood Reporter

Discerning medical marijuana users will have a new way to get the weed they need over Independence Day weekend.

The world’s first medical marijuana farmers market is set to take place in L.A. from July 4-6, allowing patients to purchase cannabis directly from growers.

The market hopes to create a better relationship between growers and patients, giving them a new way to safely access marijuana from trustworthy suppliers.

PHOTOS 12 Pivotal Moments in Pot Culture

“This is an opportunity that unfortunately is not seen as much as we would like,” California Heritage Market executive administrator Paizley Bradbury said of the chance for patients and growers to interact. “We’re hoping that the California Heritage Market can bridge this gap and provide a new and affordable experience for those who need safe access they can trust.”

The market also seeks to educate users, with the author of Modern Marijuana Living slated to be there.
The market will take place from July 4-6 from 10 a.m.-8 p.m. in East Los Angeles, at the new West Coast Collective dispensary at 1500 Esperanza Street.

US Tech workers forced to train their H1B Replacements

June 16, 2014 by  
Filed under Economy

Globalism ….. Work more get paid less, pay more for everything. DECENTRALIZE AND REPEAL!

U.S. workers protested job losses to foreign workers by displaying American flags in their cubicles

Computerworld - This is the story of an IT worker who was replaced by a worker on an H-1B visa, one of a number of visa holders, mostly from India, who took jobs at this U.S. company. Computerworld is not going to use the worker’s name or identify the companies involved to protect the former employee from retaliation. For purposes of this story, the worker has been given initials — A.B. (They’re not the person’s real initials.)

At A.B.’s company, about 220 IT jobs have been lost to offshore outsourcing over the last year. A.B. is telling the story because, initially, there was little knowledge among fellow employees about H-1B visa holders and how they are used. They didn’t know that offshore outsourcing firms are the largest users of H-1B visas, or exactly how this visa facilitates IT job losses in the U.S.

“I think once we learned about it, we became angrier toward the U.S. government than we were with the people that were over here from India,” A.B. said, “because the government is allowing this.”

The IT workers at this firm first learned of the offshore outsourcing threat through rumors. Later, the IT staff was called into an auditorium and heard directly from the CIO about the plan to replace them. It would take months for the transition to be completed, in part because of some new system installations.

 Many younger IT workers found jobs and left. Mainframe workers were apparently in demand and also able to find new jobs. But older workers with skills in open systems, storage and SAN faced a harder time. About half the IT staffers, mostly the older ones, would stay to the end.

Training the replacement workers involved holding morning-long WebEx meetings several times a week with offshore outsourcing staff based in India. The sessions were recorded as details about the environment, including diagrams and scripts, were shared.

As they moved closer to the termination date for the U.S. workers, the overseas employees would follow or shadow, via WebEx sessions, everything an IT worker did during the day. The outsourcing firm’s onshore staff helped to coordinate these efforts, but also worked to untangle the meaning of some of the questions.

The overseas workers did not appear to have much practical experience, and the same questions were asked repeatedly, A.B. said.

Before they lost their jobs, A.B.’s co-workers decided to made a subtle and symbolic protest over what was happening: As the H-1B visa workers gradually took over the offices once occupied by U.S. workers, one employee brought in a bunch of small American flags on sticks.

The flags were retrofitted so they could fit into the walls of the cubicles.

(Computerworld viewed a photograph of the cubicle flags, but decided not to publish it to protect A.B’s identity.)

The flags were displayed, cubicle after cubicle, much like way flags are hung on homes in a residential neighborhoods on the 4th of July. They were visible to anyone walking down the hall. “That was the only thing that we could do,” A.B. said. “We felt that we were making a statement. But to be honest, I don’t think the Indian workers fully understood what was going on.”

H-1B battle

Record Tax Revenue of nearly 2 Trillion for 2013, Govt will still need to “borrow” another 1/2 trillion?

June 16, 2014 by  
Filed under Economy

Federal Tax Revenues Set Record Through May; Feds Still Running $436B Deficit

POSITIVE “Austerity” means cutting the federal / state budgets FROM THE TOP. Its past due.

(CNSNews.com) – Federal tax revenues continue to run at a record pace (in inflation-adjusted dollars) in fiscal 2014, as the federal government’s total receipts for the fiscal year closed May at an unprecedented $1,934,919,000,000, according to the Monthly Treasury Statement.

Despite record revenue, the federal government still ran a deficit of $436.382 billion in the first eight months of the fiscal year, which began on Oct. 1, 2013 and will end on Sept. 30, 2014.

In the month of May alone, the federal government ran a deficit of $129.971 billion–bringing in $199.889 billion in revenue while spending $329.860 billion.

The White House Office of Management and Budget has estimated that in the full fiscal 2014, the federal government will collect $3.001721 trillion in taxes, spend $3.650526 trillion, running a deficit of $648.805 billion.

Record Federal Tax Revenues Through May FY 2014

 

The OMB has also estimated that, while running that deficit, the federal government will collect a record amount in inflation-adjusted tax revenues.

When adjusted for inflation (to constant 2014 dollars), the second-greatest federal tax haul through May was in fiscal 2007. By the end of May that year, the federal government took in approximately 1.908 trillion in total receipts in constant 2014 dollars.

The single largest source for the federal government’s record tax receipts in the first eight months of FY 2014 was the individual income tax, which brought the Treasury $903.024 trillion. The second largest source was what the Treasury calls “Social Insurance and Retirement Receipts,” which includes the Social Security payroll tax, the unemployment insurance tax and other retirement taxes. This accounted for $694.268 billion in tax revenue.

The third largest source of federal revenue in the first eight months of fiscal 2014 was the corporation income tax, which brought in $164.840 billion.

As CNSNews.com has previously reported, federal tax revenues for fiscal 2014 set records through February, through March, through Tax Day, April 15, and through April.

 ALSO:

Obama: Spending on Prisons Is ‘Main Reason Tuition Has Gone Up’

Powell’s nomination to serve fresh Fed term advances in Senate

June 10, 2014 by  
Filed under Economy

(Reuters) – The nomination of Federal Reserve Governor Jerome Powell to serve a fresh term at the U.S. central bank cleared a procedural hurdle in the Senate on Tuesday, paving the way for a final confirming vote later this week.

Full Article

Seattle’s New Minimum Wage Hike Already Causing Havoc? Price Hikes

June 9, 2014 by  
Filed under Economy

When does “Progressive” legislation become… REGRESSIVE? (Negative effect on the poor?) We have already outlined what some of the problems will be, though as a “Lively Experiment”, we are watching and “hoping” for the best.

Eagle Rising

The city of Seattle recently decided to raise the minimum wage within the city to $15 an hour. This move led to cheers from the left and consternation from the right. Fortunately, Seattle is a pretty “progressive” city so the voters there will have to lie in the bed of their own making… while we conservatives on the outside can learn from their mistake.

There is already evidence that the move to raise the minimum wage is doing exactly what conservatives (and Libertarians) predicted it would do – drive up prices. Here it is…

receipt

 

Northwest Watchdog called Masterpark to verify the authenticity of the receipt. Kevin, the attendant on duty Wednesday afternoon, confirmed the charge is real. To deal with the higher wage, enacted on Jan. 1, Masterpark is charging customers an additional 99 cents per parking day, a surcharge that comes on top of all other taxes and fees. 

It’s not hard to understand, it simply takes some honest logical thought.

minimum wage

 

If you raise the minimum wage on businesses, that means the cost to operate rises, in some cases dramatically. If you are a business owner who is used to operating at a certain level of income, what would you be more likely to do: a) accept the new much lower level of income or b) find a way to counter the new higher cost of operating so that you can continue to make something close to what you were making before?

A profitable businessman will choose to try and remain profitable (choice b).

How will he accomplish this? He will either cut employee hours, cut employees, or raise prices… or some combination of those choices.

 The Masterpark receipt shows that they have started by raising prices. The next step may very well be to cut employees or employee hours and mechanize. A parking garage does not necessarily need employees to operate – they could simply go with a computer that dispenses tickets and takes payment. I would bet that Masterpark will use this new rise in the minimum wage to both raise prices and cut employees.

In a sick and twisted socialist way this move to raise the minimum wage could actually help companies like Masterpark make more money, while making low income workers poorer. How? Materpark fires workers and replaces them with machines, but keeps the price increase that the new minimum wage gives them cover to pass on to their customers. In essence making the customer pay for new higher wages that Masterpark doesn’t actually pay…

Do you see what happens when you don’t think before you act, liberals? You make things worse
Read more HERE

Seattle City Council unanimously passes $15 minimum wage

June 3, 2014 by  
Filed under Economy

If I am in business in Seattle what choice will I have? Close? Move? Charge more to customers? Fire 1/2 my staff and make people work 2X harder?

Better solution? How bout min wage jobs ride tax free for everything. This would get a worker past 15.00 hr.

 

SEATTLE (AP / KOMO) – The Seattle City Council unanimously passed an ordinance Monday that gradually increases the minimum wage in the city to $15, which would make it the highest in the nation.

The issue has dominated politics in the liberal municipality for months, and a boisterous crowd of mostly labor activists packed the Council chambers for the vote. Mayor Ed Murray, who was elected last year, had promised in his campaign to raise the minimum wage to $15 an hour. A newly-elected socialist City Council member had pushed the idea as well.

“We did it. Workers did this,” said Kshama Sawant, the socialist City Councilmember “We need to continue to build an even more powerful movement.”

Councilmember Tom Rasmussen said “Seattle wants to stop the race to the bottom in wages” and address the “widening gap between the rich and the poor.”

The measure, which would take effect on April 1, 2015, includes a phase-in of the wage increase over several years, with a slower process for small businesses. The plan gives businesses with more than 500 employees nationally at least three years to phase in the increase. Those providing health insurance will have four years to complete the move. Smaller organizations will be given seven years.

The International Franchise Association, a Washington, D.C.-based business group that represents franchise owners, said it plans to sue to stop the ordinance.

“The City Council’s action today is unfair, discriminatory and a deliberate attempt to achieve a political agenda at the expense of small franchise business owners,” the group said in a statement.

The ordinance came from recommendations made by an advisory group of labor, business and nonprofit representatives convened by Murray. After more than four months of discussion, the group presented its plan last month. Last week the Council delayed implementation by a few months and approved a sub-minimum wage for teenagers, a provision opposed by labor representatives.

Although some local businesses have come out in support of the measure, a group of restaurant owners oppose it, saying it would force them to scuttle expansion plans, decrease hiring and possibly cut service hours.

Nick Musser, executive chef and general manager of the Icon Grill in downtown Seattle, doesn’t think the wage credit for tips should phase out after seven years and finds the differentiation between large and big companies irrelevant.

“The reality is that the larger companies are going to ratchet up their wages and we’re going to have to play at that level anyway,” said Musser, whose restaurant employs between 50 and 60 people, depending on the time of year. Most of them are paid minimum wage.

Ubah Aden, 40, a Seattle home health worker who says she now earns $10.95 an hour, is looking forward to the way a higher wage will help her support her three children. But she also likes the idea of Seattle setting an example for the rest of the nation.

“If this passes, then it will pave the way for other cities and states. I really think so” Aden said.

She said she and her three kids are living with her brother because she can’t afford an apartment of her own even though she works full time. “This will make changes to myself and also a lot of other people in my shoes.”

San Francisco currently has the nation’s highest hourly minimum wage at $10.74.

The current minimum wage in Washington state is $9.32 an hour.

Earlier this year Minnesota raised the state’s guaranteed wage by more than $3, to $9.50, by 2016. California, Connecticut and Maryland also have passed laws increasing their respective wages to $10 or more in coming years.

Iranian billionaire ‘secretly executed’ over biggest bank fraud in country’s history

May 26, 2014 by  
Filed under Economy

A billionaire businessman that was responsible for the biggest bank fraud Iran has ever seen has been executed, Iranian state media has said.

Mahafarid Amir-Khosravi, also known as Mansour Aria, was hanged at Tehran’s Evin prison on Saturday after being convicted of a scam that was said to have cost Iranian banks nearly £1.5 bn.

Alongside Khosravi, 39 defendants were convicted for fraud, with four others being sentenced to death.

According to Khosravi’s lawyers, the execution had taken place in secret and without their knowledge.

Full Article

Former Federal Reserve Employee Is Charged With Felony For Threatening To Kill Boss

May 12, 2014 by  
Filed under Economy

The Federal Reserve System is a direct cause of the systematic devaluation of the average citizen’s money and exacerbates the income gap by funneling freshly printed money to the big banks. This allows the rich to get richer by investing the funny money before it loses purchasing power. (Result? Total Monopoly, while the world is plunged into un-payable debt!)

The whole thing really ticks me off, but after reading an article about the psychotic behavior of a former Federal Reserve employee, I would be reluctant to criticize the Fed in the presence of an employee of the world’s most powerful banking cartel. Zero Hedge has some stellar coverage about a former San Francisco Fed employee, and current employee at the Federal Housing Finance Agency (FHFA), that threatened to kill his boss and then take his own life.

Richard Hornsby, Chief Operating Officer of the FHFA, was arrested and charged with a felony for threatening to kill Edward J. DeMarco. Mr. DeMarco was Hornsby’s superior at FHFA and retired from the agency as planned on April 30th of this year.

Retirement is supposed to be a happy time as one begins the transition into the more relaxed part of life. Unfortunately, DeMarco’s retirement was chaotic. He had to be escorted to a secure location after Hornsby threatened his life on Aril 28th. The death threat was supposedly the result of poor job performance rating given to Mr. Hornsby by Mr. DeMarco.

Before starting at the FHFA in November 2011 Hornsby, fifty-eight-years-old, worked for twenty six years at the Federal Reserve Bank of San Francisco. Zero Hedge reports on Hornsby’s role at the San Fran Fed:

Hornsby served at the Federal Reserve Bank of San Francisco for 26 years, holding a variety of senior level management and banking supervision positions. Most recently, Hornsby was group VP and division head for the Reserve Bank’s Financial Planning and Control and Corporate Administration Divisions. In this position, he oversaw many of the Bank’s support functions in nine states. Prior to that, he served as group VP in charge of the Bank’s Portland Branch having responsibility for director relations, branch administration and business continuity. Hornsby also directed the Bank’s business development and customer support functions bankwide. He also served as a key member of the senior management team of the Federal Reserve’s National Support Function Office which provides electronic access to the Reserve’s financial services clients nationwide. In addition to his senior management positions, he was a Supervising Examiner in the Division of Banking Supervision and Regulation for 10 years, having regulatory responsibility for bank holding companies, banks and non-bank subsidiaries.

Continue Reading on lionsofliberty.com

Widow’s House Sold By State … for Unpaid $6.30 Fine? Yep

April 29, 2014 by  
Filed under Economy

OR… International bankers (the Kings), Earls and Barons (CEOs), Knights (gatekeepers, and social climbers), Peasants (wage earners)

 

Eileen Battisti owned a house in Beaver, PA. Her husband, who took care of their taxes, died in 2004. Since then, Eileen has been trying to keep up with her finances alone. It has been very difficult, and she has no one to help her apparently.

So she fell behind on her property taxes, to the tune of $235. After a few notices, she finally scraped together the funds and paid it off. Well, almost. She says she didn’t know about $6.30 in interest. The state sent a few other notices allegedly, but Eileen didn’t get the notices or she didn’t act on them fast enough.

One way or the other, the state decided to auction off her home. She owned it outright, and it was worth $280,000. The house was sold for $116,000. The state says most of that money will go to Eileen if her appeals are unsuccesful. I’m sure they will just get their $6.30 and give her the rest. Yeah. Sure they will. There are also attorney’s fees, closing costs, real estate commissions, and the rest, right? Surely it’s only fair the State get some of the sale price to cover those costs.

Disgusting. That’s what this is. Just plain disgusting. Property tax is inherently wicked. Widows and aged people, who own their homes because of hard work and faithfulness, should not ever have to pay a cent in property tax. The situation is abhorrent.

Many older couples, widows, and widowers are on a fixed income—either a pension or Social Security. They can’t afford when property values rise and their property taxes rise with them. So they either sell their homes (lame), go into reverse mortgage (very lame), or have their homes taken from them by the State (absolutely despicable).

You don’t own your house. You pay property tax every year, right? And if you don’t pay it, the government seizes your property. That’s kind of what the bank does when you don’t pay your mortgage. Because the bank technically has legal ownership of your house until your mortgage is paid off.

But you won’t ever pay off your mortgage with the State. It will always have final say over your property. Over everything, really. You want to fish the King’s fish or hunt the King’s deer? Or drive the King’s roads? You must pay for permission. And if you are caught without a license from the King, you will be punished. If you do anything wrong, you pay a fine to the King. Because any offense to the King’s laws is a personal affront to the King. No matter who you’ve hurt, the King is the main offendee.

We’re not free. We’re vassals of the State. We’re worse than vassals or serfs, actually. Because the State has made no covenant to do right by us. They take. They kill. They rob. They fine. They do what they want with what you’ve worked to earn. And there’s really nothing you can do about it.
Read more at Last Resistance

52 Year-Old French Banker Jumps To Her Death In Paris (After Questioning Her Superiors)

April 25, 2014 by  
Filed under Economy

 

There have been 13 senior financial services executives deaths around the world this year, but the most notable thing about the sad suicide of the 14th, a 52-year-old banker at France’s Bred-Banque-Populaire, is she is the first female. As Le Parisien reports, Lydia (no surname given) jumped from the bank’s Paris headquarter’s 14th floor shortly before 10am. FranceTV added that sources said “she questioned her superiors before jumping out the window,” but the bank denies it noting that she had been in therpapy for several years.

 

FranceTV and Le Parisien reports,

An employee of the Bred-Banque Populaire has committed suicide, Tuesday, April 22 in the morning at the headquarters of the bank. On her arrival at headquarters, quai de la Rapee, in the 12th arrondissement of Paris…

 

The incident occurred shortly before 10 am, 200 meters from the Ministry of Finance.

 

 

According to our sources, she questioned his superiors before jumping out the window, that formally denies the direction of the Bank.

 

“There is absolutely no evidence for designating his relationships with his hierarchy as responsible or letter or message ” insists the direction of the communication FranceTV info.

 

It also speaks of a “very painful moment for the company” .

 

 

In an email to all employees consulted by FranceTV info, the management of the bank confirms the “death by suicide” and said “severely affected.” It shows have established a psychological unit.

 

 

“For the moment, nothing puts the company in question, says the majority union SUNI-Bred/UNSA. The employee got along very well with her new team, her superior is very nice.

 

“According to a close,” Lydia lived alone, in a difficult environment.

 

The human resources department states that this inhabitant of Ivry was in therapy for several years. Each describes a “secretive” but “very well known and popular” woman, but “never spoke of it.”

This is the 14th financial services exective death in recent months…

1 – William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.

2 – Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.

3 – Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.

4 – Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.

5 – Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.

6 – Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.

7 – Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago.  No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.

8 – Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.

9 – James Stuart Jr, Former National Bank of Commerce CEO, found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say whatcaused the death

10 – Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, commited suicide by jumping in front of LIRR train

11 – Kenneth Bellando, 28, a trader at Levy Capital, formerly investment banking analyst at JPMorgan, jumped to his death from his 6th floor East Side apartment.

12 – Jan Peter Schmittmann, 57, the former CEO of Dutch bank ABN Amro found dead at home near Amsterdam with wife and daughter.

13 – Li Jianhua, 49, the director of China’s Banking Regulatory Commission died of a sudden heart attack

14 – Lydia _____, 52 – jumped to her suicide from the 14th floor of Bred-Banque Populaire in Paris

 

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