OUT OF CONTROL: 480,000 OVERSTAYED VISAS LAST YEAR
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JEH: Gun control now matter of homeland security... ROLLING STONE: REPEAL SECOND AMENDMENT...
I teach the Constitution for a living. I revere the document when it is used to further social justice and make our country a more inclusive one. I admire the Founders for establishing a representative democracy that has survived for over two centuries.

But sometimes we just have to acknowledge that the Founders and the Constitution are wrong. This is one of those times. We need to say loud and clear: The Second Amendment must be repealed.

"[It] needs to be repealed because it is outdated, a threat to liberty and a suicide pact," says constitutional law professor

Meanwhile, California Fault Lines And The Area Around Yellowstone Are Shaking Like Crazy

Over the past few days the mainstream media has been fixated on the largest mass shooting in U.S. history, but meanwhile there has been highly unusual seismic activity along major fault lines in California and near the Yellowstone supervolcano. Let’s talk about Yellowstone first. In recent months, the big geysers have been behaving very strangely and this is something that my wife and I covered on our television show. And now, just over the past week there have been three very significant earthquakes in the region. On June 9th, there was a magnitude 3.7 earthquake, on June 13th there was a magnitude 4.3 earthquake and earlier today there was a magnitude 4.0 earthquake. Yes, the area around Yellowstone is hit by earthquakes all the time, but most of them are extremely small. For earthquakes of this size to be striking right around Yellowstone is highly unusual and more than just a little bit alarming. (Read More...)
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VIDEO: Liberals Sign Petition to Add Urinals to Women’s Bathrooms For Transgenders -

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mccrant@gmail.com

Minimum Wage Shown to Hurt Net Income

Barack Obama has made a real push to get a minimum wage of $15 per hour in the United States. As costly an idea as the Affordable Care Act was, this one could be the stick that breaks America's economic backbone--business--once and for all.

A mandated minimum wage actually benefits nobody but government. This is because of the combined effects of a graduated income tax, FICA taxes on payroll gross and the loss of entitlements for families currently with a job holder but still receiving Earned Income Credits, Aid to Families with Dependent Children, food stamps and housing assistance--just to name a few.

The mandated minimum wage, in many ways, is illusionary because prices on all items must be raised to compensate. With the losses in other arenas for lower class families, many will find they have even fewer discretionary dollars to spend each month despite the pay hike. In some cases, employers are going to find they have to get by with fewer employees because of the damage the minimum wage policy has on the bottom line.

UC Berkeley--a bastion of liberalism--conducted a study of the problem through its Labor Research program on Wal-Mart's employee's behalf. (The company's union-backed group called OUR Wal-Mart asked for the study.)

The estimate from this study determined Wal-Mart, the choice of necessity for many of America's low-income families, would take a nearly $5 billion hit against current net income levels by going to Obama's wish for a $15 minimum wage. And just over 34% of Wal-Mart employees would be exempt from the mandate's minimum level. With 1.5 million employees in the U.S., only 979,000 would be subjected to the new minimum pay.

Now when compared to the overall Wal-Mart revenue of $482 billion in the fiscal year ended Jan. 31, 2016, $5 billion in lost revenue is just over 1% and, by liberal standards, is determined to be a fleabite.

However, compared with net income the $5 billion represents just over 1/3rd of Wal-Mart's profitability. That cannot be considered a fleabite.

Wal-Mart, like every other business, is operating for profit. Its investors hope to make a gain in capital return and in dividends.

Charles Sizemore, in his opinion newsletter last Friday, wrote eloquently about the importance of dividends. He stated, "Stock dividends are more than a quarterly paycheck. They are a way of doing things. I would go so far as to argue that they are a philosophy of life or at least of business)."

Sizemore lays out a few positive reasons for dividends. First 'dividends are an outward, visible sign of who the real boss is.' Second, 'dividends dissuade fruitless empire building.' Third, 'Share buybacks never seem to work out as planned.'

Let's examine the three reasons in order to analyze the dilemma Wal-Mart is in.

Sizemore's first explanation is 'the guy at the top of the food chain is only different from the common assembly line worker in the size of his paycheck.' That's somewhat true. But there are some headaches that go along with that larger paycheck. All problems wind up on the top dog's desk sooner or later. Losses to the bottom line get there rather quickly.

His second reason is followed up by 'CEOs really aren't that different from politicians.' Ah-h, so true. While politicos have to appease most constituents, the real job remains to keep the biggest campaign donors happy--no matter what comes out of their mouths. Just like a politician says one thing to the bigger donors and another to the constituent to preserve their seat and thus their power control, bosses are spending other people's money often to obtain fruitless growth--JUST SO THEY CAN HAVE MORE POWER!

The problem with the buyback programs is, from normal situation of "Buy low, sell high", they are inverted and usually buy high and sell low. This inversion has exploded because of the Obama insistence that top people do not get an inordinate pay directly but use stock options to balance their income. This policy in conjunction with the Fed's unwarranted zero-interest rate policy, has pushed stock prices far beyond normal levels since the Great Recession. Sizemore thinks it would be more beneficial to use cash reserves for boosting dividends rather than stock buybacks. To me, profits could be used to expand a company's product/service line or even just improve pay for employees (gee, the wage raise Obama wants but through normal profit not government mandate.)

I'm a believer in the American Dream based on free capitalism, not socialism through government interference. Wal-Mart's potential loss of net income will mean a cut in dividends simply so government can get more revenues from payroll taxes, allegedly cut dependence on government entitlements (reducing that cost to government) and making people feel better about themselves.

As with everything socialism depends on, I dislike it. It warps solid economic business models that have worked for generations. It sets up government intrusion into daily life even more and ultimately will not have the desired effect for the poor--only create more of them.

Government's bottom line needs to be addressed, but it produces nothing but make-work. Business bottom lines affect everybody. How much depends on the business, but when the liberal-leaning UC-Berkeley puts out a report showing a huge drop in a single company's bottom line, that should be a red flag that should be heeded.

Minimum wage mandates, like Obamacare mandates , should be ash-canned. The sooner the better.

"I have sworn on the altar of God eternal hostility to every form of tyranny over the mind of man."--Thomas Jefferson

Jim Hoft Jun 14th, 2016 6:15 pm

Police have identified the suspect who opened fire at a Walmart store in Amarillo this afternoon as Mohammad Moghaddam, 54.
walmart hostage

Mohammad Moghaddam, an immigrant, came to Amarillo with his family eight years ago from Iran.
Immigrant services from Amarillo would not discuss with reporters whether they helped relocate the family to the Amarillo area.
Police say Mohammad was upset he was passed over for a promotion so he took his manager and another person hostage.
He was shot dead by police.
ABC News reported:

Amarillo police say the armed man who took two people hostage inside a local Wal-Mart was a store employee who had a work-related dispute with the manager and that there was no reason to believe the incident had any ties to terrorism.
Police Sgt. Brent Barbee says the suspect, 54-year-old Mohammad Moghaddam, took his manager and another person hostage over a dispute related to a promotion. Barbee says Moghaddam was a current employee at the Wal-Mart store.
Police say officers responded to the incident around 11 a.m. Authorities say a police SWAT crew entered the area of the store where the hostages were located around 12:20 p.m. and fatally shot Moghaddam.
Barbee says Moghaddam was armed with a handgun.

MOHAMMAD FROM IRAN SHOT DEAD AFTER TAKING HOSTAGES IN AMARILLO TRUMP: 'WE HAVE WEAK LEADERS'

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Is America Waking Up? New Gallup Poll Reveals Americans Less Confident In Core Institutions - Especially Banks

Banks, organized religion, television, newspapers, and congress all saw double digit declines since June 2006. What this tells us is that confidence is eroding in those who are entrusted to safeguard our assets, manage the country, communicate news and the truth, and provide support spiritually - said otherwise, it looks like America is calling bullshit on all of the very institutions that it once relied upon for all of the aforementioned reasons.

U.S. government bond next to go subzero?

It's an inevitable question: Could U.S. 10-year yields turn negative now that German 10-year yields have fallen below zero for the first time ever and Japanese 10-year yields have dipped to record lows of negative 0.17 percent?
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FBI SWAMPED BY AVALANCHE OF TERROR TIPS... 10,000 INVESTIGATIONS! RAMADAN RAGE: Deadliest Time of Year... Orlando shooting probe broadens to Afghanistan, Saudi Arabia... ISIS Praises Mateen as 'Lion of Caliphate,' Urges Attacks at Theaters, Hospitals, Amusement Parks...
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Man with Koran arrested at TX courthouse for terrorist threat...
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Bank Of America Set To Fire 8,000 As Banker Layoffs Accelerate

A few months ago we pointed out that mass layoffs were coming for bankers due to declining revenues and more difficult market conditions, and now we're seeing the first major wave of that come to fruition.
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Violent, Bloody Scenes From Tuesday's Massive Protests In Paris

The EU Wants To Impose A Tax For Sharing Links On The Internet

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DHS Secretary: Right-Wingers Pose Same Threat As Islamic Extremists

Image Credits: Gage Skidmore.

One month after the San Bernardino terrorist attack that left 14 innocent people dead, Department of Homeland Security Secretary Jeh Johnson told advisors that right wing extremists pose just as much of a threat to the country as Islamic extremists.
Johnson made the comments during the Homeland Security Advisory Council’s (HSAC) January meeting. City of Austin Mayor Art Acevedo, whom Johnson appointed to HSAC, shifted the discussion to the threat of right-wing extremists, according to the official meeting minutes.
“Member Acevedo reminded the Council that the threat from right-wing extremists domestically is just as real as the threat from Islamic extremism,” the minutes state.
Johnson echoed the sentiment. “Secretary Johnson agreed and noted that CVE [Subcommittee on Combating Violent Extremism], by definition, is not solely focused on one religion,” the minutes state.
Read more

DHS SECRETARY: RIGHT-WINGERS POSE SAME THREAT AS ISLAMIC EXTREMISTS

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Food riots kill one more in Venezuela: legislator :Three other people were shot dead in the past week. A policeman and a soldier have been arrested.

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All Signs Point to Big Financial Crash in 2016-Bill Holter

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Orlando Victims Died Because They Were Unarmed - Not Because They Were Gay
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US Senator Refuses to Leave Senate Floor Until Gun Control Measure Passed

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MUSLIM UN COMMISSIONER ZEID RA’AD AL HUSSEIN CALLS FOR HIGH-POWERED GUN BAN IN UNITED STATES

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Industrial Production Plunges For 9th Straight Month – Longest Non-Recession Streak In 100 Years

SUMMER OF CHAOS: PAID PROTESTERS PLAN TO COUNTER TRUMP, STARTING IN TEXAS

Breaking Obama Calls For New Assault Weapons Ban

June 23, 2016: The Brexit Vote Could Change EVERYTHING And Plunge Europe Into Financial Chaos

On June 23rd, a vote will be held in the United Kingdom to determine if Britain will stay in the European Union or not. This is most commonly known as the “Brexit” vote, and that term was created by combining the words “Britain” and “exit”. If the UK votes to stay in the European Union, things over in Europe will continue on pretty much as they have been. But if the UK votes to leave, it will likely throw the entire continent into a state of economic and financial chaos. And considering how bad the European economy is already, this could be the trigger that plunges Europe into a full-blown depression. (Read More....)
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yellen federal reserve

FED’s Yellen Toys with Rates with Upcoming Brexit Vote The Federal Reserve Chair Janet Yellen is expected to keep interest rates unchanged on Wednesday and signal if it still plans to raise rates twice in 2016 amid concerns about a U.S. hiring slowdown and Britain’s possible exit from the European Union. The Fed raised its key overnight lending rate in December for the first

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secret

Leftists suggest secret court to strip 2nd Amendment rights A New York Times editorial advocates for a new law allowing a secret court to take away citizens’ right to own a gun at the discretion of the federal government. Citing the Orlando terror attack that left 50 dead including the shooter and 53 wounded at a gay nightclub, the piece advocates for a “no-buy” list similar to “no-fly” lists.

image: http://www.trunews.com/wp-content/uploads/2013/10/mosque_2716605b.jpg

Southern Baptists Help Build US Mosques in Interfaith Coalition (TRUNEWS) The Southern Baptist Convention, the US’s largest Protestant denomination, is now helping to build mosques, right here in ‘Christian America’. In a legal struggle to allow the building of a mosque in Basking Ridge, New Jersey, a coalition of faiths have come together to help promote the building of an Islamic religious center whose

image: http://www.trunews.com/wp-content/uploads/2016/06/Obama.jpg
Generals

Armed Services Committee proposes to axe 25 percent of U.S. generals The 2017 National Defense Authorization Act (NDAA) as summarized by the Senate Armed Services Committee proposes a 25 percent reduction in Generals and Admirals across the board. A summary of the bill provided by the committee states the drawdown in general officers also applies at the 3, 2, and 1 star levels. The committee reasons that “Over the past 30 years, the end-strength of the joint force has decreased 38 percent, but the ratio of four-star officers to the overall force has increased by 65 percent.”

Read more at http://www.trunews.com/#eeDxS4TPaXWVJpdO.99

End times News Videos and Now Radio Shows On the End Of Days

Wednesday, June 15, 2016