Do you think you have the right to toss a gift card in a drawer for a couple of years and use it later? What, do you think the money is yours or something? Seriously, this is the equivalent of the completely busted-out state rummaging under the sofa cushions for random change. And it presses the precedent that your assets belong to the state whenever the state says it does.
The New Jersey Treasury Department has signaled it won’t abandon its effort to seize unused money on gift cards and traveler’s checks.
State Treasurer Andrew P. Sidamon-Eristoff has told a U.S. District Court judge in Newark that the state will appeal a Nov. 13 ruling that temporarily struck down a new law concerning seizures that was enacted in July as part of Governor Christie’s budget.
The legislation amended part of the state Uniform Unclaimed Property Act to include gift cards for the first time, allowing the state to consider a card abandoned two years after purchase and seize the balance.
Read more at NewJersey.com.
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Is this guy ever going to shut up and go away? Maybe he’s running around preaching his gospel in India because he can’t travel anywhere in the U.S. without being jeered at and mocked. One thing he’s got right: If you label something—anything—as terrorism, you can claim the moral high ground, shut down reasoned debate, and demonize anyone who disagrees.
Nobel Peace Prize winner and champion climate campaigner Al Gore outlined the doom the world is awaiting because of climate change and expressed disappointment at world leaders failing to clinch a treaty to fight the new global terror. Terming the logjam in climate negotiations as a “startling paradox”, the man, whose documentary, The Inconvenient Truth won an Oscar said the year 2010 had seen worst of climate change.
“There was severe drought in Russia and extreme flooding in Pakistan. What more evidence is required for action,” he said at HT Leadership Summit.
Read more at The Hindustan Times.
Climate Change Is a $528 Billion Global Industry
The Collapse of the Global Warming ‘Consensus’
The Religious Language of Global Warming ‘Believers’
NY Times: No Warming Trend in U.S. Since 1895
With Straight Face, Climatologist Says January Hottest Ever
EPA Head: Lack of Warming Doesn’t Prove Lack of Warming
Climategate Scientist Admits: No Warming Since 1995
World May Not Be Warming, Say Scientists
Climatologist Threatened for Questioning Global Warming
Inbred Royal Gets All Pouty over Blowup of ‘Global Warming’
EPA Suppressed Internal Global Warming Study
Global Warming Cultists Die in Suicide Pact
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Posted in Uncategorized, tagged Big government, City government abuse, Economic war, Financial collapse, Financial crisis, Government abuse, Government corruption, Recession, Taxation, Wealth confiscation on October 22, 2010 |
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At what point does the economic collapse and the looting of the private sector by the public sector become laughable? Consider this.
“Infinite” is not a word you expect to find in a report on municipal spending. It’s more of a science fiction–type term — Tremble, Earthling, before the infinite might of Galaxor! But there it was, in a recent report on San Francisco‘s finances: Spending on the city’s employee retirement system in the past decade had grown at an “infinite” rate.
Naturally, that’s an exaggeration. If you do the math, the city’s retirement costs for employees in the past 10 years actually grew only 66,733 percent.
Still, you might call that a Galaxor-sized number.
In fiscal year 1999-2000, the city spent about $300,000 on its retirement system. In fiscal year 2009-10, it was $200.5 million. Benefits alone — not salaries, just benefits — for current and retired employees this year are budgeted at $993 million. Spending on retirees’ health care and pensions is conservatively projected to triple within five years.
And after that? Infinite.
Read more at San Francisco Weekly.
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This story is for anyone who’s still laboring under the delusion that those pushing for a carbon tax are doing so out of concern for you and me and our environment.
THE global climate change industry is now worth more than $528bn, powered by China’s rise as one of the top nations for climate revenues.
As the debate on setting a price on carbon in Australia continues, HSBC Global Research issued a report on climate change that showed the sector had proved resilient to the global slowdown, seeing less than a 0.9 per cent decline in revenues in 2009, as companies push ahead with plans despite political uncertainty over green policies.
“Despite concerns over the risks that governments may retreat from their pledges to deliver emission reductions and continuing uncertainty surrounding the withdrawal of regulatory incentives in key markets, global climate revenues have held up remarkably well and in 2009 stood at $US530bn for listed companies,” the report says.
The headline figure is greater than the global wireless telecoms services sector and comparable to the GDP of Switzerland, the report says.
Read more at the Wall Street Journal.
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