THIS WEEK IN REVIEW

Obama will issue an executive order directing the federal government to identify bottlenecks to competition in the economy. The irony is that government itself is the greatest bottleneck to free-market competition in all of history. Yahoo 2016 Apr 15 (Story) (Cached)

The US Department of Agriculture is allowing the introduction of genetically modified foods without testing for safety because of a regulation loophole. Testing is required only if new genetic material is introduced into food. The latest technology, however, involves, not the introduction of new genes, but the alteration of existing ones. Hence, no testing. Under obedience to the GMO industry, which heavily lobbies national and state legislators, government regulators are simply looking the other way. Quartz 2016 Apr 15 (Story) (Cached)

California has asked the federal government to approve Obamacare for illegal aliens through its state-run exchanges. Immigrants who earn too much money to qualify for Medi-Cal health welfare and federally-funded health emergency programs would qualify for Obamacare. The LA Times made the absurd claim that it will not cost state or federal taxpayers a dime. IB Times 2016 Apr 14 (Story) (Cached)

Two Russian jets made close-range, low-altitude passes over a US ship, the USS Donald Cook, as it engaged in war games in the Baltic Sea. That’s in Russia’s backyard. K2P 2016 Apr 14 (Story) (Cached)

The US is preparing a ‘Plan B’ for Syria if/when the current cease-fire agreement is violated. The plan is to arm Syrian opposition forces with anti-aircraft weapons. Those, of course, will be a threat to Russian pilots when the shooting war resumes. The CIA has hinted that rebels already have MANPAD anti-aircraft weapons in their possession. RT 2016 Apr 13 (Story)

The US State Department reports that Israel is applying ‘excessive use of force’ against Palestinians in the occupied territories. Half of the Palestinian killed who were described as ‘attackers’ weren’t attacking anyone. Instead, they were killed at demonstrations or during routine operations, and posed no threat when they were killed. AntiWar 2016 Apr 13 (Story) (Cached)

Robert DeNiro, after pulling the anti-vaccine film, Vaxxed, from his Tribeca Film Festival, now says he regrets that decision. He says it is an important film, and people should see it. [He offered no explanation of why he removed it from the event, leading to speculation that he was threatened – perhaps by legal action by vaccine makers.] Us Weekly 2016 Apr 13 (Story)

US: Uber, the ride-sharing company, said that between July and December 2015, it provided requested information to government agencies on more than 12-million riders and drivers. Reuters 2016 Apr 12 (Story) (Cached)

US: Strawberries now are the most contaminated crop. 98% of conventionally grown strawberries had detectable pesticide residues. 40% had 10 or more pesticide residues. [The word ‘organic’ is sounding better every day.] Fox Business 2016 Apr 12 (Story) (Cached)

A UN report says that one-fifth of suicide bombers from the militant group Boko Haram are children, and the majority are girls. In 2015, 44 children carried out suicide bombings in Nigeria, Cameroon, Niger and Chad, compared to four in 2014. It is believed that the girls are from the group of 276 who were kidnapped in Nigeria two years ago and are victims themselves. Newsweek 2016 Apr 12 (Story) (Cached)

Iceland is considering a move to remove the power to create money from commercial banks and turn it over to the exclusive prerogative of the government. That would change nothing except which group of criminals will plunder the people: bankers or politicians. Daily Bell 2016 Apr 11 (Story) (Cached)

US: Goldman Sachs has agreed to pay $5.06 billion to settle claims that it used fraudulent practices to mislead mortgage-bond investors between 2007 and 2009. The Department of Justice has the option to prosecute the executives and managers who committed this crime, but it is unlikely to happen. Reuters 2016 Apr 11 (Story) (Cached)

 

The CIA has provided funding to a beauty-products company called Skincential Sciences because it has a technology that painlessly collects human DNA. The CIA is interested in collecting biomarkers on as many citizens as possible. CBS News 2016 Apr 11 (Story) (Cached)

Douglas County, Colorado: ‘They are a corrupt bunch of thieves,’ says a Republican delegate who was illegally removed from the voting list because he voted for Trump. Intellihub 2016 Apr 10 (Story)

If you don’t rent to criminals, you are a racist. That’s the meaning of a new policy issued by the US Department of Housing and Urban Development that forbids landlords to reject potential renters based on the fact that they have a criminal conviction. The government says that would be discrimination on the basis of race or national origin. Boston Globe 2016 Apr 10 (Story) (Cached)

US: UnitedHealth Group, the nation’s largest health insurer, lost hundreds of millions of dollars under Obamacare (the so-called ‘Affordable Care Act’) and is withdrawing from the program starting with Georgia and Arkansas. It is likely that other major insurers such as Aetna and Anthem will follow suit. [Eventually, all the losses will be paid by taxes and inflation.] Fiscal Times 2016 Apr 10 (Story) (Cached)

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Wells Fargo has admitted to “deceiving” the US government into insuring thousands of risky mortgages. It settled the matter for $1.2 billion, which is the highest-ever fine relating to the housing bubble. The government continues to protect the executives and managers who committed the fraud. They received their bonuses and never have been prosecuted. ZeroHedge 2016 Apr 9 (Story) (Cached)

Recently, a settlement of $20 billion was approved to close the BP Oil case in which the Deepwater Horizon oil rig exploded in the Gulf of Mexico in 2010. However, US taxpayers will foot most of the bill. BP Oil will be able to deduct $15.3 billion of that from its taxes. Only $5.5 billion is non-deductible. RT posted 2016 Apr 9 (Story)

Germany: The government says it brought in more than a million migrants for cheap labor. In truth, however, most of them became welfare recipients. Collectivist governments see migrants as a voting block that will support the expansion of government in return for welfare. In Sweden, 58% of welfare payments already go to immigrants. InfoWars posted 2016 Apr 9 (Story)