Tea Party Challenges Obama, K Street on Corporate Welfare

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Photo Credit: Kevin Dietsch

Congressional Republicans and the Obama White House are headed for another clash over corporate welfare, and once again President Obama is on the side of big business while Senate conservatives are on the side of free markets.

The battleground is the Export-Import Bank, a federal agency that subsidizes U.S. exports — mostly Boeing jets — by issuing taxpayer-backed financing to foreign buyers. In 2008, candidate Obama aptly described Ex-Im as “little more than a fund for corporate welfare.”

Obama has spent four years pumping steroids into Ex-Im, setting a record $35.7 billion in taxpayer-backed financing last year. Ex-Im’s biggest subsidy program is its loan guarantees, and the agency doled out $14.5 billion of those last year, with $12.2 billion going to subsidize Boeing jets. Piloting Ex-Im as chairman for those four years has been Fred Hochberg. Late last month, Obama announced he is nominating Hochberg for a second term.

As Hochberg used the agency’s annual conference on Thursday to defend and extol his tenure, the conservative Club for Growth — a significant money source for the Tea Party insurgency in the GOP — came out against his appointment. The club announced that it would include Hochberg’s confirmation vote in its annual scorecard. In other words, if a Republican senator wants to avoid a Tea Party primary challenge, he or she would do well to oppose Hochberg.

Hochberg’s nomination would be yet another Tea Party-vs.-K Street battle within the GOP. The U.S. Chamber of Commerce is firmly in Hochberg’s camp. At Ex-Im’s conference (where JPMorgan Chase was named Lender of the Year), Hochberg gave the Chairman’s Award to chamber President Tom Donohue to thank him for his group’s successful effort fighting off a Tea Party-led effort to kill Ex-Im, whose charter was up for renewal last year.

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Obama Ignores Disastrous Economic News, Continues His Grand 1% Lifestyle

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Photo Credit: AP

President Obama had another tough week in a second term filled with bad news and blunders — and he’s only 10 weeks in.

While the White House suddenly decided to drop its budget Friday in an effort to control the news, there was no covering up the disastrous jobless numbers: 90 million Americans out of the workforce, the highest level since 1979; another 663,000 joining the ranks of the long-term unemployed; a measly 88,000 jobs “created.”

But what seems stuck in the craw of a lot of you readers out there was last week’s column on the Obamas’ 1 percent lifestyle — the endless ski and beach vacations for the couple and their daughters, Vice President Joseph R. Biden’s nights in London and Paris that cost you more than $1 million, even the president’s 118th round of golf while in office.

“My kids asked me a couple of years ago why we never went on family vacations,” wrote Steve Gibson. “I told them that we had to pay all of our expenses first and there wasn’t any money left over for a family vacation. Then I keep seeing … stories about the administration taking trips everywhere and I don’t know what to think. I have been laid off twice in the past year and am currently in the job search mode again.”

Eric Zundell is in the same boat: “As someone who has not been able to afford a vacation for my family in the last 12 years, (but pays his taxes;) ), I highly applaud the message delivered by your article.”

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South Korea Concerned North May be Prepping for Nuke Test, Missile Launch

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S. Korea defense ministry denies claim ‘indication’ N. Korea prepping for fourth nuke test

By Associated Press. A top South Korean official said Monday he misspoke earlier in the day when he told lawmakers there is an “indication” that North Korea is preparing for a nuclear test. But that doesn’t change what Seoul has been saying for months: that Pyongyang has already prepared a tunnel for a nuclear blast and can use it whenever it wants.

When a lawmaker asked whether there was an indication of increased personnel and vehicles at the North’s nuclear test site, Unification Minister Ryoo Kihl-jae said “there is such an indication.” He said he couldn’t say more because it involved confidential intelligence.

The comments in a parliamentary session were recorded on video, but Ryoo later told lawmakers he couldn’t remember making them and didn’t mean to say them. He said he was “startled” by reports carrying his earlier comments.

A Unification Ministry official said that Ryoo had intended to say that North Korea has long been ready to conduct a nuclear test. She spoke on condition of anonymity because she wasn’t authorized to speak publicly about the matter.

After Ryoo’s initial comments, South Korean Defense Ministry spokesman Kim Min-seok said there are vehicle and personnel activities at the northeastern test site but they are seen as “usual” activities, not an “indication for a nuclear test.” Kim said North Korea can conduct a nuclear test anytime if decides to do so. Read more from this story HERE.

South Korean Official: North May be Preparing to Launch Missile This Week

By Daniel Arkin. A top South Korean government official announced Sunday that North Korea may launch a missile by Wednesday, at which time the North has said it cannot guarantee the safety of diplomats in the capital of Pyongyang.

The official’s warning came three days after South Korea’s government said that the North had moved at least one medium-range Musudan missile with “considerable range” to the nation’s eastern border, possibly to perform a test launch.

“We’re thoroughly preparing for this, leaving all possibilities open,” said Kim Jang-Soo, South Korea’s national security chief, adding that the North’s likely goal is to wrench concessions from Seoul and Washington.

A Musudan missile has an estimated range of up to 2,490 miles, which would make it capable of striking American bases in Guam.

Escalating tensions between the nuclear-armed North and U.S.-aligned South also forced South Korea’s Joint Chiefs of Staff to announce Sunday that the body’s chairman had delayed a visit to Washington, according to The Associated Press. Read more from this story HERE.

Ron Paul Launches his own Home-School Curriculum

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Photo Credit: AP

Former Republican congressman and three-time presidential candidate Ron Paul has launched his own K-12 home-school curriculum to provide an “education in liberty like no other.”

The curriculum, which includes courses on “the economics of the Austrian school,” provides its K-5 program for free, meaning that students and families will be able to learn under Ron Paul for six years “without spending a dime,” according to one of the curriculum’s high school teachers, Ludwig von Mises Institute senior fellow Tom Woods.

“Here, students learn the basics of Western Civilization and Western liberty — how it was won, how it is being lost, and how it will be restored. (Not can . . . will.),” RonPaulCurriculum.com declares.

“Students also learn the basics of American history, the United States Constitution, and American geography. They get two courses on free market economics. They get two courses on government, including a how-to course on reclaiming America, one county at a time.” The curriculum also provides courses in science and mathematics.

The curriculum for grades 6-10 should be available by September 2, and the entire K-12 curriculum is expected to be completed by December 2015.

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Global Economy: Shaping Up For Another Dismal Year

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Photo Credit: Peter Mintz

Just three months in, and already there is a nagging sense that 2013, like last year and the one before, will produce another disappointing vintage for the world economy.

Japan’s $1.4 trillion monetary barrage stole the show last week, but it was the dismal turn in data from the United States and Europe that brought home how this year is panning out worse than many had hoped.

News that American employers hired far fewer staff in March than even the gloomiest predictions managed to derail the heady rise of stock markets over the last few months.

And business surveys from the euro zone confirmed recession there is dragging on, confounding hopes for improvement, with France’s economy deteriorating sharply.

Hopes now rest with China and that signs of renewed vitality in the world’s second-biggest economy can underpin the global economy. “I’m hopeful we’re not going to see the slide back that we’ve seen over the last couple of years,” said Victoria Clarke, economist at Investec in London.

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ATF Seeks 'Massive' Database of Personal Info: 'Assets, Relatives, Associates and More'

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Photo Credit: Gamma-Ray Productions

A recent solicitation from the Bureau of Alcohol, Tobacco and Firearms (ATF) reveals that the agency is seeking a “massive” online database capable of pulling up individuals’ personal information, connections and associates.

On March 28, ATF posted the notice on FedBizOpps.gov, entitled “Investigative System.” The solicitation was updated on April 5 with a few minor changes.

The document says that the system will be utilized by staff “to provide rapid searches on various entities for example; names, telephone numbers, utility data and reverse phone look-ups, as a means to assist with investigations, and background research on people, assets and businesses.”

The system is described as a “massive online data repository system that contains a wide variety of data sources both historically and current that can be utilized in support of investigations and backgrounds.”

The overview of the solicitation states:

Staff will utilize “a number of internal databases as well as external sources to provide timely and relevant information and intelligence products to law enforcement agencies at the federal, state and local levels.”

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Alaska Seeks to Woo Colorado Gun Company

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photo credit: mike saechang

Alaska is making its pitch to woo a Colorado company that has threatened to leave that state over new restrictions on firearms.

Colorado Gov. John Hickenlooper last week signed bills that require background checks for private and online gun sales and ban ammunition magazines that hold more than 15 rounds. Magpul Industries, which manufactures firearms accessories and ammunition magazines, said on its Facebook page that it would have “no choice” but to leave if the magazine bill was signed, causing an opening for states eager to prove they’re more gun-friendly, like Alaska.

Grassroots Facebook pages have popped up — some, before the Colorado bills were even signed — encouraging Magpul to settle in places like Alabama, West Virginia or Texas. Alaska state Rep. Tammie Wilson’s staff created a Facebook page, too, called “Magpul Industries – Alaska Wants You.”

Jeremy McGowan, of Buckhannon, W.Va., said he started his Facebook page, “Bring Magpul to West Virginia,” with “very little hope” of actually attracting Magpul. But he said he wanted at the very least to draw attention to the issues raised in Colorado and try to prevent something similar from happening in West Virginia.

“I don’t think we are a minority at all,” he said. “I think a lot of us feel we have been pushed in a corner.”

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Clinton Pal Sued for Giving Woman Herpes

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Arnold Simon, the former CEO of Calvin Klein and close friend of Bill Clinton, is being sued for allegedly infecting a woman with herpes.

While on the date, which was arranged on Match.com, Simon bragged that he had just had lunch with Clinton earlier that day. The date reportedly went well. However, she realized weeks later that Clinton’s pal had given her the sexually transmitted disease.

Now she is taking him to court, according to the New York Post. The woman, who filed the suit as a Jane Doe, told The Post, “He wrote an e-mail that he was very handsome and tall and a well-built man. He refers to himself as looking like Humphrey Bogart.”

The date went well, as Simon regaled her with anecdotes about his relationship to the ex-president, she says.

“He told me that he had just gotten back from a lunch with Clinton; he is a close personal friend with Bill Clinton,” she said, and records, in fact, show he shelled out at least $1 million to Clinton’s foundation.

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GOP Congressmen Seek Details on How Beyonce Toured Cuba Despite Travel Ban

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Photo Credit: Reuters

Two Republican members of Congress have asked the U.S. Treasury Department for information on what type of license American pop star Beyonce and rapper husband Jay Z obtained for a high-profile trip to Cuba to celebrate their wedding anniversary.

Beyonce and Jay Z celebrated their fifth wedding anniversary this week in Havana, where big crowds greeted them as they strolled hand in hand through the Cuban capital.

They ate at some of the city’s best restaurants, danced to Cuban music, walked through historic Old Havana and posed for pictures with admiring Cubans, who recognized them despite the past half-century of ideological conflict that separates the United States and Cuba.

In a letter dated on Friday, U.S. Representatives Ileana Ros-Lehtinen and Mario Diaz-Balart, asked Adam Szubin, director of the Office of Foreign Assets Control, for “information regarding the type of license that Beyonce and Jay-Z received, for what purpose, and who approved such travel.”

Ros-Lehtinen and Mario Diaz-Balart represent districts in south Florida where there is a high Cuban-American population.

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The Internet is a Surveillance State

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I’m going to start with three data points.

One: Some of the Chinese military hackers who were implicated in a broad set of attacks against the U.S. government and corporations were identified because they accessed Facebook from the same network infrastructure they used to carry out their attacks.

Two: Hector Monsegur, one of the leaders of the LulzSac hacker movement, was identified and arrested last year by the FBI. Although he practiced good computer security and used an anonymous relay service to protect his identity, he slipped up.

And three: Paula Broadwell,who had an affair with CIA director David Petraeus, similarly took extensive precautions to hide her identity. She never logged in to her anonymous e-mail service from her home network. Instead, she used hotel and other public networks when she e-mailed him. The FBI correlated hotel registration data from several different hotels — and hers was the common name.

The Internet is a surveillance state. Whether we admit it to ourselves or not, and whether we like it or not, we’re being tracked all the time. Google tracks us, both on its pages and on other pages it has access to. Facebook does the same; it even tracks non-Facebook users. Apple tracks us on our iPhones and iPads. One reporter used a tool called Collusion to track who was tracking him; 105 companies tracked his Internet use during one 36-hour period.

Increasingly, what we do on the Internet is being combined with other data about us. Unmasking Broadwell’s identity involved correlating her Internet activity with her hotel stays. Everything we do now involves computers, and computers produce data as a natural by-product. Everything is now being saved and correlated, and many big-data companies make money by building up intimate profiles of our lives from a variety of sources.

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