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US Department of Justice files civil suit against Barclays Bank - On Thursday, the US Department of Justice (DOJ) [official website] filed [Press Release] a civil suit [complaint, PDF] against Barclays Bank [official website] and two former executives for the fraudulent sales of residential mortgage-backed securities (RMBS) from 2005 to 2007. The suit states that Barclays sold billions of dollars worth of RMBS which contained mortgages that violated underwriting guidelines or had borrowers who did not have the ability to repay the loans. These types of mortgages were believed to be one of the causes of the financial crisis in 2008. The two executives named in the lawsuit are Paul Menefee, who was Barclays' head banker on its subprime RMBS securizations, and John Carroll, who was Barclays' head trader for subprime loan acquisitions. The lawsuit states that the attorney general is authorized through the Financial Institutions, Reform, Recovery, and Enforcement Act of 1989 to "seek civil penalties up to the amount of the gain to the violator or the losses suffered by persons other than the violator." The Department of Justice and Barclays were previously under negotiations [Wall Street Journal] on a settlement amount regarding the practices. Barclays has already saved $3.1 billion for fines and litigation, while the Department of Justice previously stated $5 billion was a possible fine that may be assigned.
Several banks have faced legal challenges [JURIST backgrounder] stemming from the financial crisis of 2007-08. This month, Deutsche reached a $7.2 billion deal with the Department of Justice. In September the US National Credit Union Administration (NCUA) [official website] said that the Royal Bank of Scotland Group (RBS) [official website] will pay $1.1 billion [JURIST report] after it allegedly solid toxic mortgaged-backed securities. In February, Morgan Stanley agreed to pay $3.2 billion related to their mortgage-back securities. In July 2014 Citigroup, Inc. agreed to pay $7 billion to settle a federal inquiry [JURIST report] into mortgage-backed securities sold by the bank prior to the country's financial crisis. In November 2013 the DOJ announced that a $13 billion civil settlement [JURIST report] with JPMorgan & Co. [official website] has been finalized, resolving federal and state claims arising from the bank's risky mortgage practices which helped lead to the 2008 financial crisis. In August 2013 the DOJ filed suit [JURIST report] against Bank of America (BOA) [official website] in the US District Court for the Western District of North Carolina [official website], claiming the corporation misled investors about securitized loans worth more than $850 million.24 Dec
Several banks have faced legal challenges [JURIST backgrounder] stemming from the financial crisis of 2007-08. This month, Deutsche reached a $7.2 billion deal with the Department of Justice. In September the US National Credit Union Administration (NCUA) [official website] said that the Royal Bank of Scotland Group (RBS) [official website] will pay $1.1 billion [JURIST report] after it allegedly solid toxic mortgaged-backed securities. In February, Morgan Stanley agreed to pay $3.2 billion related to their mortgage-back securities. In July 2014 Citigroup, Inc. agreed to pay $7 billion to settle a federal inquiry [JURIST report] into mortgage-backed securities sold by the bank prior to the country's financial crisis. In November 2013 the DOJ announced that a $13 billion civil settlement [JURIST report] with JPMorgan & Co. [official website] has been finalized, resolving federal and state claims arising from the bank's risky mortgage practices which helped lead to the 2008 financial crisis. In August 2013 the DOJ filed suit [JURIST report] against Bank of America (BOA) [official website] in the US District Court for the Western District of North Carolina [official website], claiming the corporation misled investors about securitized loans worth more than $850 million.24 Dec
Cluster-munitions kill two civilians in Yemen - The Human Rights Watch (HRW) announced [Advocacy website] yesterday that cluster-munitions were used on the Yemini city of Saada on December 6, which killed two civilians and wounded six more. HRW stated that is is believed the cluster-munitions were launched by Saudi Arabian forces, who have previously launched attacks on the city, but additional investigations are needed to determine conclusively that they were the source of the December 6 attack. Cluster munitions are banned under the Convention of Cluster Munitions, [text, PDF] which was adopted in 2008 and has been signed by of 100 countries. The convention requires [Convention website] the ban of cluster munitions because they are not able to distinguish between civilians and combatants, and they also result in many unexploded munitions which pose a continued risk to civilians. An administrator at a school impacted by the bombing stated that students were not able to return to the school the next day because they needed to first search the school for unexploded submunitions. The cluster bombs are believed to have been made in Brazil. Saudi Arabia, Yemen, and Brazil are not signatures of the Convention of Cluster Munitions. The United States, who is also not a signature on the convention, had suspended transfers of cluster munitions to Saudi Arabia in May.
The UN had previously accused [JURIST report] Saudi Arabia of violating international laws in October due to their attack on a funeral in Yemen. In September, international human rights groups issued a joint letter [JURIST report] to the permanent representatives of member and observer states of the UN Human Rights Council urging them "to support the High Commissioner's call [JURIST report] for an international, independent investigation into civilian deaths and injuries in Yemen." In July Human Rights Watch urged [JURIST report] Saudi Arabia and other coalition members to create an independent international inquiry into their attacks on civilian economic structures in Yemen. In March two human rights groups called [JURIST report] for the US, the UK and France to stop selling arms to Saudi Arabia due to accusations and evidence that the weapons are being used in attacks against Yemen.24 Dec
The UN had previously accused [JURIST report] Saudi Arabia of violating international laws in October due to their attack on a funeral in Yemen. In September, international human rights groups issued a joint letter [JURIST report] to the permanent representatives of member and observer states of the UN Human Rights Council urging them "to support the High Commissioner's call [JURIST report] for an international, independent investigation into civilian deaths and injuries in Yemen." In July Human Rights Watch urged [JURIST report] Saudi Arabia and other coalition members to create an independent international inquiry into their attacks on civilian economic structures in Yemen. In March two human rights groups called [JURIST report] for the US, the UK and France to stop selling arms to Saudi Arabia due to accusations and evidence that the weapons are being used in attacks against Yemen.24 Dec
UN Security Council decides against arms embargo for South Sudan - On Friday the United Nations Security Council [official website] failed to pass a resolution, which would have imposed [press release] an arms embargo on South Sudan with a vote of 7-0 with 8 abstentions. The resolution would have instituted an arms ban on the country as well as impose a travel ban and asset freeze against three Government and opposition figures. The vote comes as a disappointment to many rights activists, with deputy United Rights director at Human Rights Watch Akshaya Kumar stating [Amnesty report] "the Security Council had an opportunity to show that it stands with the civilian victims of this conflict. Instead, this failure gives the warring parties in South Sudan a green light to buy more weapons and material that will end up being used against civilians." The members voting on the resolution expressed concern that the resolution would run against the national dialogue, including the new implementation of regional protection forces. The Russian Federations representative expressed concern that these sanctions had not had the results that were intended in previous, similar situations. The South Sudanese representative described even the tabling of the vote as unfortunate, expressing that it goes against the steps the young nation has taken in the past weeks.
South Sudan, which is the youngest nation on the planet, gained its independence in 2011. On December 14th a UN human rights chief expressed concern that the young nation teetered on the brink of disaster [JURIST report], citing that the country might be on the brink of an international disaster. Earlier in December the UN commission on Human rights expressed concern that areas of South Sudan are currently experiencing an ethnic cleansing. [JURIST report] In November several South Sudanese organizations co-authored a letter [JURIST report] to the African Union Commission [official website] trying to create a hybrid court in the country, which would allow the court to try members of the South Sudanese government. In September the South Sudanese government threatened to sue [JURIST report] a US based watch group after they released a report stating the the government had profited from a three year conflict in the country. 24 Dec
South Sudan, which is the youngest nation on the planet, gained its independence in 2011. On December 14th a UN human rights chief expressed concern that the young nation teetered on the brink of disaster [JURIST report], citing that the country might be on the brink of an international disaster. Earlier in December the UN commission on Human rights expressed concern that areas of South Sudan are currently experiencing an ethnic cleansing. [JURIST report] In November several South Sudanese organizations co-authored a letter [JURIST report] to the African Union Commission [official website] trying to create a hybrid court in the country, which would allow the court to try members of the South Sudanese government. In September the South Sudanese government threatened to sue [JURIST report] a US based watch group after they released a report stating the the government had profited from a three year conflict in the country. 24 Dec
US abstains in UN vote denouncing Israeli settlements in Palestine - The United Nations Security Council [official website] passed a resolution, on Friday, which establishes that Israeli settlements in Palestine have no legal validity. UN Secretary General Ban Ki-moon [official website] welcomed the resolution, stating [UN report] that the settlements violated international law, and that they were an obstacle to the two state policy and lasting peace in the region. A spokesmen for the Secretary General stated [press release] that "the resolution is a significant step, demonstrating the Council’s much needed leadership and the international community’s collective efforts to reconfirm that the vision of two States is still achievable". The Trump transition team, along with the Israeli government, had urged the United States to veto the resolution. The resolution passed 14-0 with United States ambassador Samantha Power [official bio] the the lone abstention. After the vote Israeli Prime Minister Benjamin Netanyahu declared [NYT report] "Israel rejects this shameful anti-Israel resolution at the U.N. and will not abide by its terms".
The conflict surrounding the West Bank settlements has long been an issue in the region, and has raised many questions, including those involving human rights violations. Earlier this month a UN Human Rights chief announced that the settlements set up by Israel violated International Law. The Israeli High Court of Justice [official website] ruled in November that a controversial West Bank settlement of Amona must be dismantled by December 25th, despite challenges for an extension. Also in November the Israeli legislature approved a bill which would make the West Bank settlements legal, which was opposed by Netanyahu, preferring to wait for the High Courts decision. This conflict has been going on for many years; in November 2015 Secretary General Ban Ki-moon urged both sides to find a way to reconcile the conflict and find a way to peace after an arson ended with the death of a Palestinian child. 24 Dec
The conflict surrounding the West Bank settlements has long been an issue in the region, and has raised many questions, including those involving human rights violations. Earlier this month a UN Human Rights chief announced that the settlements set up by Israel violated International Law. The Israeli High Court of Justice [official website] ruled in November that a controversial West Bank settlement of Amona must be dismantled by December 25th, despite challenges for an extension. Also in November the Israeli legislature approved a bill which would make the West Bank settlements legal, which was opposed by Netanyahu, preferring to wait for the High Courts decision. This conflict has been going on for many years; in November 2015 Secretary General Ban Ki-moon urged both sides to find a way to reconcile the conflict and find a way to peace after an arson ended with the death of a Palestinian child. 24 Dec
Obama administration to dismantle muslim registry program - The Obama administration [official website] is dismantling [NYT report] the dormant national registry program that was used to keep tabs on visitors from countries with active terrorist groups, the administration announced Thursday. The National Security Entry-Exit Registration System (Nseers) is a remnant element [Guardian report] from the Bush administration's response to the terror attacks of 9/11. More than 80,000 people from 25 different countries were required to provide fingerprints and photographs and make regular in-person visits to the Department of Homeland Security (DHS) [official website]. Over 14,000 of those people were placed in deportation proceedings. Joann Lin, legislative counsel for the ACLU [official website], said [press release] Nseers was a "completely failed counter-terrorism tool and massive profiling program that didn't yield a single terrorism conviction in nearly a decade." The registry has not been in use since 2011 but it provided a framework for President-elect Donald Trump [official website] to introduce the Muslim-registry program he promised while on the campaign trail. The dismantling of Nseers will make it much more difficult for Trump to implement his ban on Muslims entering the United States.
The Obama administration has been taking several steps to preserve its legacy before the President-elect takes office in January. On Wednesday Obama announced a ban [JURIST report] on offshore drilling as a preemptive opposition to the Trump administration. Earlier this month the Obama administration challenged [JURIST report] a federal judge's decision to block the implementation of a new overtime pay rule. President-elect Trump's views on immigration have been a source of contention for many city officials. Chicago Mayor Rahm Emanuel [official website] delivered a letter [JURIST report] in early December to US President-elect Donald Trump signed by many US mayors warning of the potential economic losses Trump could cause if he repeals Deferred Action for Childhood Arrivals (DACA) [official website]. In November New York Governor Andrew Cuomo [official website] unveiled statewide initiatives to combat [JURIST report] hate crime and protect civil rights in response to the increase in hate crimes following the November 8 election.23 Dec
The Obama administration has been taking several steps to preserve its legacy before the President-elect takes office in January. On Wednesday Obama announced a ban [JURIST report] on offshore drilling as a preemptive opposition to the Trump administration. Earlier this month the Obama administration challenged [JURIST report] a federal judge's decision to block the implementation of a new overtime pay rule. President-elect Trump's views on immigration have been a source of contention for many city officials. Chicago Mayor Rahm Emanuel [official website] delivered a letter [JURIST report] in early December to US President-elect Donald Trump signed by many US mayors warning of the potential economic losses Trump could cause if he repeals Deferred Action for Childhood Arrivals (DACA) [official website]. In November New York Governor Andrew Cuomo [official website] unveiled statewide initiatives to combat [JURIST report] hate crime and protect civil rights in response to the increase in hate crimes following the November 8 election.23 Dec
Deal to repeal North Carolina "bathroom bill" collapses - A bipartisan agreement to repeal North Carolina's "bathroom bill" fell apart [Reuters report] Wednesday after each party accused the other of reneging on promises. House Bill 2 (HB2) [text, PDF] is a state law requiring transgender people to use the public bathroom associated with the sex listed on their birth certificate. The bill was launched in response [BBC report] to an ordinance from the City of Charlotte [official website] that extended protections on the LGBT community. The Republican-dominated Senate [official website] agreed to repeal HB2 on the condition that Charlotte repeal its ordinance. The city of Charlotte voted 7-2 in an emergency session [WSJ report] to repeal the ordinance but the repeal of HB2 never took place. Before voting on Wednesday, Republicans added a provision to the repeal that included a 6 month moratorium on cities passing nondiscrimination ordinances similar to the one Charlotte repealed. HB2 has caused heavy political and economic fallout since it was passed. The American Civil Liberties Union of North Carolina [official website] issued a statement [press release] saying, "The legislature may not be willing to undo their unconstitutional overreach and respect the rights of LGBT people, so we'll just have to see them in court."
North Carolina's stance on LGBT rights has been a topic of national controversy. The state's Governor Pat McCrory dismissed a lawsuit [JURIST report] in September and declared that HB2 did not violate federal law. In April McCrory issued an executive order [JURIST report] to clarify HB 2 in response to significant backlash. In March North Carolina Attorney General Roy Cooper stated during a press conference that he would not defend [JURIST report] the law, which he considers to be discriminatory against the LGBT community. Earlier that week North Carolina individuals and civil rights groups filed a lawsuit [JURIST report] against McCrory, claiming that the bill he signed one week prior was unconstitutional and discriminatory. Earlier that month McCrory signed the bill into law [JURIST report], preventing local governments from enacting their own nondiscrimination ordinances and making them unable to pass laws allowing transgender people to use the public restroom or locker room that corresponds with their gender identity.23 Dec
North Carolina's stance on LGBT rights has been a topic of national controversy. The state's Governor Pat McCrory dismissed a lawsuit [JURIST report] in September and declared that HB2 did not violate federal law. In April McCrory issued an executive order [JURIST report] to clarify HB 2 in response to significant backlash. In March North Carolina Attorney General Roy Cooper stated during a press conference that he would not defend [JURIST report] the law, which he considers to be discriminatory against the LGBT community. Earlier that week North Carolina individuals and civil rights groups filed a lawsuit [JURIST report] against McCrory, claiming that the bill he signed one week prior was unconstitutional and discriminatory. Earlier that month McCrory signed the bill into law [JURIST report], preventing local governments from enacting their own nondiscrimination ordinances and making them unable to pass laws allowing transgender people to use the public restroom or locker room that corresponds with their gender identity.23 Dec
Deutsche Bank reaches $7.2 billion settlement with US DOJ regarding toxic mortgages - Deutsche Bank [official website] on Friday announced a $7.2 billion settlement [Reuters report] with the US Department of Justice (DOJ) [official website] regarding the sale of toxic mortgage securities that contributed to the 2008 financial crisis [Britannica backgrounder]. The terms of the agreement are not finalized but are expected to be in early January, prior to President-elect Donald Trump taking office. Under current terms [press release], the settlement would cover a $3.1 billion civil penalty as well as $4.1 billion in consumer relief "expected to be primarily in the form of loan modifications and other assistance to homeowners and borrowers ... delivered over a period of at least five years." However, Deutsche Bank stated that "there can be no assurance that the [DOJ] and the bank will agree on the final documentation." The announcement comes within a day of the DOJ filing similar charges [Reuters report] against Barclays PLC [official website].
Several banks have faced legal challenges [JURIST backgrounder] stemming from the financial crisis of 2007-08. In September the US National Credit Union Administration (NCUA) [official website] said that the Royal Bank of Scotland Group (RBS) [official website] will pay $1.1 billion [JURIST report] after it allegedly solid toxic mortgaged-backed securities. In July 2014 Citigroup, Inc. agreed to pay $7 billion to settle a federal inquiry [JURIST report] into mortgage-backed securities sold by the bank prior to the country's financial crisis. In November 2013 the DOJ announced that a $13 billion civil settlement [JURIST report] with JPMorgan & Co. [official website] has been finalized, resolving federal and state claims arising from the bank's risky mortgage practices which helped lead to the 2008 financial crisis. In August 2013 the DOJ filed suit [JURIST report] against Bank of America (BOA) [official website] in the US District Court for the Western District of North Carolina [official website], claiming the corporation misled investors about securitized loans worth more than $850 million.23 Dec
Several banks have faced legal challenges [JURIST backgrounder] stemming from the financial crisis of 2007-08. In September the US National Credit Union Administration (NCUA) [official website] said that the Royal Bank of Scotland Group (RBS) [official website] will pay $1.1 billion [JURIST report] after it allegedly solid toxic mortgaged-backed securities. In July 2014 Citigroup, Inc. agreed to pay $7 billion to settle a federal inquiry [JURIST report] into mortgage-backed securities sold by the bank prior to the country's financial crisis. In November 2013 the DOJ announced that a $13 billion civil settlement [JURIST report] with JPMorgan & Co. [official website] has been finalized, resolving federal and state claims arising from the bank's risky mortgage practices which helped lead to the 2008 financial crisis. In August 2013 the DOJ filed suit [JURIST report] against Bank of America (BOA) [official website] in the US District Court for the Western District of North Carolina [official website], claiming the corporation misled investors about securitized loans worth more than $850 million.23 Dec
Federal Court rules college's mandatory drug test policy unconstitutional - The US Court of Appeals for the Eighth Circuit [official website] on Thursday ruled [opinion, PDF] that State Technical College of Missouri [official website] cannot continue mandatory drug tests for all students. After preliminary injunctions and a permanent injunction were reversed, an en banc panel of the Eighth Circuit determined that such a universal and mandatory policy is unconstitutional and affirmed the district court's grant of a permanent and prospective injunction. However, the panel also affirmed the district court ruling that a program-by-program analysis was appropriate, permitting the college to require drug tests in five current programs that are identified as safety-sensitive programs. The class action lawsuit against the school was filed in 2011 by the American Civil Liberties Union (ACLU) and their Missouri branch [official websites]. In a statement [press release] after the decision, one attorney stated, "Our victory should serve as a warning to colleges and universities across the country: mandatory, suspicionless drug testing of the entire student body is inefficient, ineffective, and grossly unconstitutional."
Similar universal, mandatory drug policies in other atmospheres have come under fire in recent years as well. In December 2014 the US Court of Appeals for the Eleventh Circuit [official website] ruled that a Florida law mandating welfare applicants undergo drug tests before receiving benefits is unconstitutional [JURIST report]. In August 2013 North Carolina Governor Pat McCrory [official website] vetoed a bill [JURIST report] that would have mandated drug testing for some public benefit applicants in the state. In April 2012 a judge for the the US District Court for the Southern District of Florida [official website] blocked an executive order [JURIST report] that mandates Florida state government agencies provide pre-employment drug screening for all prospective employees and provide for random drug testing of all current agency employees regardless of classification. In March 2012 the ACLU of Pennsylvania [official website] sued a school district [JURIST report] in the state on behalf of an 11-year-old girl regarding a school policy that required students who participate in extracurricular activities to submit to random, suspicionless drug tests.23 Dec
Similar universal, mandatory drug policies in other atmospheres have come under fire in recent years as well. In December 2014 the US Court of Appeals for the Eleventh Circuit [official website] ruled that a Florida law mandating welfare applicants undergo drug tests before receiving benefits is unconstitutional [JURIST report]. In August 2013 North Carolina Governor Pat McCrory [official website] vetoed a bill [JURIST report] that would have mandated drug testing for some public benefit applicants in the state. In April 2012 a judge for the the US District Court for the Southern District of Florida [official website] blocked an executive order [JURIST report] that mandates Florida state government agencies provide pre-employment drug screening for all prospective employees and provide for random drug testing of all current agency employees regardless of classification. In March 2012 the ACLU of Pennsylvania [official website] sued a school district [JURIST report] in the state on behalf of an 11-year-old girl regarding a school policy that required students who participate in extracurricular activities to submit to random, suspicionless drug tests.23 Dec
UN approves resolution to probe Syria war crimes - The UN General Assembly adopted a resolution [text, PDF] Wednesday to establish an independent panel to investigation possible war crimes in Syria. The resolution, approved by a vote of 105 to 15 against, with 52 abstentions, will establish the International, Impartial and Independent Mechanism to Assist in the Investigation and Prosecution of Those Responsible for the Most Serious Crimes under International Law Committed in [Syria] since March 2011. The mechanism will work closesly with the Independent International Commission of Inquiry on Syria, which was established by the UN Human Rights Council in 2011. The resolution:
The war in Syria [JURIST backgrounder] continues to have a devastating impact, particularly for the war torn region of Aleppo. Last week UN High Commissioner for Human Rights Zeid Ra'ad Al Hussein accused Syrian pro-government forces of going door to door and systematically killing civilians [JURIST report] in at least four Aleppo neighborhoods. The Russian/Syrian coalition committed war crimes in Aleppo during September and October, Human Rights Watch said [JURIST report] in early December. Earlier this month UN officials urged [JURIST report] the international community to unite with the UN Security Council to protect civilians in the war-torn eastern Aleppo region of Syria. US Central Command concluded [JURIST report] in November that airstrikes carried out by the US-led coalition near Dayr az Zawr, Syria, in September did not violate international law. Also in November a group of German lawyers announced [JURIST report] the filing of charges against Syrian President Bashar al-Assad, alleging that he committed war crimes in Aleppo.22 Dec
Calls upon all States, all parties to the conflict as well as civil society to cooperate fully with the International, Impartial and Independent Mechanism and the Independent International Commission of Inquiry on the Syrian Arab Republic to effectively fulfil their respective mandates and, in particular, to provide them with any information and documentation they may possess, as well as any other forms of assistance pertaining to their respective mandates.The Commission of Inquiry has repeatedly called for referral to the International Criminal Court, which has been blocked by Russia and China.
The war in Syria [JURIST backgrounder] continues to have a devastating impact, particularly for the war torn region of Aleppo. Last week UN High Commissioner for Human Rights Zeid Ra'ad Al Hussein accused Syrian pro-government forces of going door to door and systematically killing civilians [JURIST report] in at least four Aleppo neighborhoods. The Russian/Syrian coalition committed war crimes in Aleppo during September and October, Human Rights Watch said [JURIST report] in early December. Earlier this month UN officials urged [JURIST report] the international community to unite with the UN Security Council to protect civilians in the war-torn eastern Aleppo region of Syria. US Central Command concluded [JURIST report] in November that airstrikes carried out by the US-led coalition near Dayr az Zawr, Syria, in September did not violate international law. Also in November a group of German lawyers announced [JURIST report] the filing of charges against Syrian President Bashar al-Assad, alleging that he committed war crimes in Aleppo.22 Dec
Ohio governor signs 'campus carry' bill into law - Ohio Governor John Kasich [official website] has signed [press release] the "campus carry" bill into law . Senate Bill 199 [text, PDF], one of 17 bills Kasich signed Monday, makes it legal to carry concealed weapons at daycare facilities and onto college campuses. College boards will have to vote to permit concealed weapons, but child care centers must post notification if firearms are not allowed. The bill also applies to public areas of airports and permits active-duty military to carry concealed guns without a permit. The original language of the bill provided a provision that made concealed gun permit holders a protect class, but those controversial pieces were scrapped [Plain Dealer report]. The Buckeye Firearms Association and the National Rifle Association [advocacy websites] supported the bill. It will take effect in 90 days.
Gun control [JURIST backgrounder] and the Second Amendment continue to be controversial national topics, and gun awareness has risen in the wake of recent shootings across the nation. In June Hawaii Governor David Ige signed a bill that puts gun owners on an FBI database [JURIST report]. In May the US Court of Appeals for the Ninth Circuit held that the Second Amendment protects the right to buy and sell guns [JURIST report]. In January US President Barack Obama announced executive actions on gun control [JURIST report].22 Dec
Gun control [JURIST backgrounder] and the Second Amendment continue to be controversial national topics, and gun awareness has risen in the wake of recent shootings across the nation. In June Hawaii Governor David Ige signed a bill that puts gun owners on an FBI database [JURIST report]. In May the US Court of Appeals for the Ninth Circuit held that the Second Amendment protects the right to buy and sell guns [JURIST report]. In January US President Barack Obama announced executive actions on gun control [JURIST report].22 Dec
Time to Focus on Trump and Stop Demonizing Hillary - Diane Ravitch's blog I planned to post this as a comment but it grew into a full-blown post. One of our daily readers, named Joe, voted for Bernie in the primaries but then supported Hillary in the general election. He wrote a comment a few hours ago urging other readers to stop criticizing and demonizing Hillary and to recognize the present danger to our nation. I responded to Joe as follows: Thanks, Joe. I too am tired of people continuing to kick Hillary. What’s the point? There’s no doubt in my mind that Comey handed the election to Trump. I recently read an article that said the FBI is known internally as Trumplandia. His intervention 11 days before the election was unprecedented and highly prejudicial to her campaign. This article sums up my view: http://www.nybooks.com/articles/2016/12/08/what-james-comey-did/ I don’t understand the deep-seated hatred that some people have for Hillary Rodham Clinton. I think they… View original post 421 more wordsFiled under: Lloyd Lofthouse 3 Dec
GD at 3.03. I used this name too early, but had expensive covered calls on that that will reduce my cost. I am heavily weighted there, and am done. -I am going to do this with Pretium, using Feb 7 naked puts. In revisiting that old name I see they are about a half a year from opening a 500,000 oz low cost mine. As that moves to on to completion and with a bit of POG recovery, that stock should be rerated a good 50% or more higher. -I bought SPPP at 6.76. -Stinky bidding the tax loss season tosses have allowed nice entries, and there have been a series of better acting reversals. I do have my trading screen up, with alerts set in the background in case the bargain names are indiscrimately given away like AAU was last week. I have made those names known in the last month and a half. We aren’t seeing the across the board insider buying witnessed at the silly season bottom in 2015, so this may still be a work in motion. I don’t see major downside and far more upside. I am continuing to be a buyer, but selectively and not all in. I am seeing a repeat of the same pattern seen before in these markets. When the super-sales are on, nobody is interested. I see this in my traffic here. This is one reason I ended subscriptions back at the market top in July after distributing most of my PM holdings. I don’t take it personally, but on the other hand I have better things to do than talk to walls and play this little market psychological game with others. Meanwhile the TNN site has grown substantially and at times has capacity strains. Since all my work is gratis and labor of love to begin with, I will be taking Winter Actionables off line sometime in the next month or two to free up space for TNN.24 Dec
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