Archive | Government

Basel III: Agreement On New Banking Rules

Today in Basel, Switzerland, an agreement was reached concerning global banking reforms, which, if ratified, is expected to mitigate the effects of any future financial crises. The objective is to prevent the speculative banking practices that contributed to the worldwide economic collapse that started in 2008. Representatives from 27 countries and the major central banks [...]

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Marc Emery Sentenced to 5 Yrs. In U.S. Prison

Canada’s Prince of Pot, Marc Emery, lifelong activist, former Libertarian, now founder of the British Columbia Marijuana Party, was sentenced on Friday in Seattle, Washington, to five years in the U.S. prison system for conspiracy to manufacture marijuana. As a result of a a plea deal that Emery had made with U.S. authorities, the five-year [...]

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Gas Line Explodes In San Francisco Suburb

Yesterday a  30 inch Pacific Gas and Electric natural gas transmission pipeline was ripped out of the ground by a fiery explosion that destroyed 37 homes and left four people dead in San Bruno, California. Two people were reported as missing. Another 52 people were injured in the inferno, including four firefighters who suffered from [...]

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Federal Funds Available Again For Embryonic Stem Cell Research

After District Judge Royce Lamberth imposed a ban on federal funding of embryonic stem cell research on August 23rd, the National Institutes of Health (NIH) filed suit in the United States Court of Appeals challenging the funding injunction. Yesterday the U.S. Appeals Court ruled that the NIH  may temporarily continue to fund embryonic stem cell [...]

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Florida Pastor To Burn Quran

Pastor Terry Jones is the non-denominational minister of the Dove World Outreach Center in Gainesville, Florida. Previously he announced his church’s plan to protest radical Islam by holding an International Burn a Koran Day on September 11th. Although his announcement generated worldwide protests, including a warning from Gen. David Petraeus, U.S. and NATO commander in [...]

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PacifiCare Fined $9.9 Billion by California Dept. Of Insurance

The California Department of Insurance (DOI) is seeking fines of up to $9.9 billion from the health insurer, PacifiCare, over allegations that it violated state law from 2006 to 2008 by repeatedly mismanaging and denying medical claims and failing to pay doctors what they were owed. According to the California DOI, the problems began when [...]

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