The California Institute for Regenerative Medicine, the state’s $3 billion stem-cell institute, continues to put on a clinic on how to redistribute money to politically connected insiders. A recent federal review by the Office of Medicine, a division of the National Academy of Sciences, found CIRM rife with cronyism and conflicts of interest. Almost…
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Do you really want to know just how screwed up the federal government’s priorities are? We have a great example from the four-day holiday that many government workers enjoyed during this week’s Memorial Day holiday weekend. We are informed by the media that approximately 5% of all federal workers were furloughed without pay from…
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Since the Sandy Hook massacre last year, California has introduced more than a dozen gun-control measures, headed by SB140 from state senator Mark Leno a San Francisco Democrat. This bill will confiscate handguns and assault rifles from some 20,000 Californians who acquired them legally but then through criminal convictions, restraining orders and mental illness…
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In 2009, Keynesian economists in the Obama administration were downright giddy with excitement. The American Recovery and Reinvestment Act (ARRA) passed by congress was the “biggest peacetime fiscal stimulus in U.S. history” that promised to return the economy to full employment in short order. The Act’s $787 billion (equivalent to about 5% of our national output) in…
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Tesla Motors Inc. is paying back its government loan of $465 million in full, and nine years early. This is being billed as “a huge boost for the Obama administration and clean energy firms.” Actually it isn’t. It is customary to pay back loans in full, so that is hardly a news item, and…
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Did you know that the top-level bureaucrats who are doing the most to increase the negative impact of federal government spending cuts to the American people are in line to get big bonuses this year? Lindsay Wise of the McClatchy News Service reports: An elite group of federal employees is set to receive cash…
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“Look, s— happens.” That was California governor Jerry Brown, a former candidate for President of the United States, responding to reports of faulty bolts and rods on the new span of the Bay Bridge linking Oakland and San Francisco. The governor didn’t get into why, exactly, all that happened, but it’s worth a look….
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On May 17 outgoing IRS boss Steven Miller – president Obama fired him but he was going to resign anyway – testified to the House Ways and Means Committee about his agency’s campaign to target conservative groups seeking non-profit status. Mr. Miller contended that he did not mislead Congress or the American people. He…
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On this Sunday, May 19, 2013, the U.S. federal government will metaphorically max out its credit card. Jeffrey Sparshott of the Wall Street Journal‘s Real Time Economics blog reports: The U.S. government will bump up against the federal debt limit this weekend, though a series of emergency steps will allow it to continue paying…
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The federal government is obfuscating about Benghazi and deploying the IRS against groups less than worshipful of government. As if that were not enough, the Justice Department is seizing the phone records of Associated Press reporters, which the AP calls a “massive and unprecedented intrusion” on press freedom. Ben Wizner of the ACLU called…
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