China tells U.S. to stay out of South China Seas dispute

By Ben Blanchard 

(Reuters) – China told the United States on Tuesday to stay out of disputes over the South China Sea and leave countries in the region to resolve problems themselves, after Washington said it wanted a freeze on stoking tension.

Michael Fuchs, U.S. deputy assistant secretary of state for Strategy and Multilateral Affairs, said no country was solely responsible for escalating tension in the region. But he reiterated the U.S. view that "provocative and unilateral" behaviour by China had raised questions about its willingness to abide by international law.

China claims 90 percent of the South China Sea, which is believed to contain oil and gas deposits and has rich fishery resources. Brunei, Malaysia, the Philippines, Vietnam and Taiwan also lay claim to parts of the sea, where about $5 trillion of ship-borne trade passes every year.

China’s Foreign Ministry repeated that it had irrefutable sovereignty over the Spratly Islands, where most of the competing claims overlap, and that China continued to demand the immediate withdrawal of personnel and equipment of countries which were "illegally occupying" China’s islands.

"What is regretful is that certain countries have in recent years have strengthened their illegal presence through construction and increased arms build up," the ministry said in a statement.

China would resolutely protect its sovereignty and maritime rights and had always upheld resolving the issue based on direct talks with the countries involved "on the basis of respecting historical facts and international law", it added.

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After marijuana legalization: Colorado tax revenue skyrockets as crime falls

The State's legalization of marijuana was based mostly on the ability of the state to collect more taxes, and not the social and moral issues of legalization. They got what they wanted and to boot crime is down too. Of course I have never been one to want to throw some one in jail for the possession of a plant. There are much worse drugs society needs to worry about than marijuana. Look for more states to move in this direction as the true health of the nations economy becomes more apparent. - Gary    

By Daniel Wallis


DENVER (Reuters) – At the Native Roots Apothecary, a discreet marijuana shop in a grand old building in Denver’s busy 16th street shopping mall, business is so brisk that customers are given a number before taking a seat to wait their turn.

There are young men in ball caps, nervous-looking professionals in suits, and the frail and elderly. Staff say customers have been flocking to their outlets since Colorado voted to allow recreational pot use for adults from January.

Six months on, Colorado’s marijuana shops are mushrooming, with support from local consumers, weed tourists and federal government taking a wait-and-see attitude. 
Tax dollars are pouring in, crime is down in Denver, and few of the early concerns about social breakdown have materialized – at least so far.

“The sky hasn't fallen, but we’re a long way from knowing the unintended consequences,” said Andrew Freeman, director of marijuana coordination for Colorado. “This is a huge social and economic question.” 
Denver, dubbed the “Mile High” city, now has about 340 recreational and medicinal pot shops. They tout the relaxing, powerful or introspective attributes of the crystal-encased buds with names like Jilly Bean, Sour Diesel and Silverback Kush.

The Negative


On the down side, sheriff's deputies in neighboring Nebraska say pot seizures near the Colorado border have shot up 400 percent in three years, while Wyoming and New Mexico report no significant increases.


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Record amount of Americans now disapprove of President Obama.

Simon Black via Sovereign Man blog

According to a new Gallup pole, a record amount of Americans now disapprove of President Obama.

Now, this is nothing new. Presidential approval ratings go up and down, and Mr. Obama has had a long-term slide thanks to… oh, I don’t know… a total avalanche of foul-ups ranging from the Obamacare fiasco to the IRS targeting his enemies to the VA scandal to the intelligence community’s surveillance of the press, et cetera ad infinitum.

But here’s the interesting thing– this poll about the President’s approval rating. It’s about his image– who he is as a person. Do Americans think he’s a trustworthy person with strong character? Nope. Not even close.

In fact, a majority of Americans personally view Mr. Obama unfavorably. Less than half think that he is honest.

It’s a pretty sad state of affairs, frankly, when the President of the United States cannot even be viewed as an honest person by the constituents that he governs. But more importantly, it signals an end to this system.

Everywhere you look there are signs that the game is resetting. In Europe, the establishment parties have been voted out and politicians are in a panic. In many other parts of the world, all-out revolution is ensuing.

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Good Riddance To Rep. Eric Cantor: Bagman For Wall Street And The War Party

Politician

by David Stockman • June 13, 2014

Its possible to describe Rep.Eric Cantor as a serial sell-out. But that would be giving an unprincipled politician driven by an unalloyed ambition to climb the greasy pole of Washington power too much credit. In truth, Cantor never campaigned for any recognizable principle; he merely maneuvered his way to the top of the House GOP hierarchy by following in the tawdry footsteps of modern GOP bagmen like Tom DeLay and Roy Blunt.

One commentator had Cantor pegged right on the money, as it were, years ago. One the heels of the 2010 GOP landslide, it was evident that Cantor’s true ambition was to accumulate a massive war chest to further his own ambitions, not to seize on the tea party momentum to fundamentally reverse the tide of Big Government:

Hand-picked by Majority Whip Roy “Abramoff-R-Us” Blunt early in his tenure to be a deputy whip, sort of an official water-carrier, Cantor moved up swiftly through the ranks as a Blunt protégé, because he was cheerfully obedient when sitting in the room with Friends of Abramoff and because he was unusually good at the money. “He’s about the money,” one wag offers admiringly.

But he was never about conservative principles. Instead, Cantor is one of those post-Reagan Republicans who have managed to reduce conservative policy to such grandiose, content-free platitudes that there is never any danger that their stump speeches at home, or even on the floor of the House, will get in the way of doing Washington business as usual.

There are certain litmus tests that cogently demonstrate the difference between platitude and principle—-and one of them pertains to the matter of crony capitalist subsidies and tax breaks for big business. On that score, I once heard Cantor give a stem-winder in behalf of free markets at a conference full of business and financial types who nodded, applauded and whooped it up. But that was just a pro forma sermon. The next day he was back in Washington making sure that the Ex-Im bank authorization was extended for another 3-years.

In this case, Washington business as usual amounts to salving the spurious complaint of Boeing and General Electric lobbyists that the Brits, EU and Japan subsidize export finance for aircraft, jet engines and heavy capital equipment—-so American taxpayers need to level the playing field. Well, yes, if US policy is to be driven by the statist and socialist mistakes of foreign governments then by all means tax American farmers and bus drivers so that Boeing will make its quarterly EPS.

There is an alternative. Let Boeing and GE suffer a hairline reduction in EPS by providing their own concessional pricing to customers, while shielding millions of innocent US taxpayers and business from being dunned for the tab on April 15. Then let the free market decide where to allocate capital; and let America’s businesses, not Washington bureaucrats, discover where they have the greatest competitive advantage in both domestic and foreign markets, including the ones that are rigged by foreign governments which have an addiction to wasting taxpayer money.

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IRS Audited Tea Party Donors Ten Times More Often Than Regular Americans

In the Recent News

Authored by Rick Moran, originally posted at American Thinker,

Zerohedge.com

When the IRS was targeting conservative groups seeking tax exempt status for special scrutiny, they demanded the list of donors supporting those groups in 17 cases. Despite assurances from the agency that the lists had been destroyed, a search requested by Congress revealed that at least 3 lists had survived.

And of the donors on those lists, fully 10% of the individuals had been audited.
The rate of audits for ordinary Americans is about 1%.
Now, the House Ways and Means Oversight Committee is demanding that the Government Accountability Office investigate the IRS to see why so many Tea Party donors were audited.  More >>>

Russia holds military drills to repel nuclear strike

Looks like the chess game is beginning.

President Vladimir Putin has overseen military drills on countering nuclear strike. The planned drills come ahead of the May 9 celebrations dedicated to victory in World War II.

"We are carrying out tests of the readiness of the Russian armed forces. It was announced last November. The exercises will involve all branches of the armed forces across the country," Putin told reporters at the Defense Ministry.

Modern challenges and threats to the country’s national security demand that the army and the fleet are maintained in readiness for quick and effective retaliation in any conditions, the Russian Defense Minister and army general Sergey Shoigu told Putin in a report.

During the drills, it was demonstrated how the missile corps, artillery, aviation and anti-aircraft defenses can be used – for instance, to destroy troops on the ground or to counter massive missile, aviation or nuclear strikes by an enemy.

Plus, it was shown how to inflict a launch-through-attack strike with nuclear missiles.

The training exercises, which are due to include ground troops and artillery as well as the air force, were held during a summit of heads of state of a security bloc made up of former Soviet states.

Led by Russian President Vladimir Putin, Russian aerospace defense troops have successfully overridden a massive nuclear missile strike, an official representative of the Russian Defense Ministry told RIA Novosti news agency.

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No Sanctions Will Hurt Russia More Than People Imposing Them

Jim Rogers on the Voice Of Russia

There is no reason for Russia to worry about the western sanctions it is facing now over the Ukrainian issue since Moscow has too many other trade partners to work with, Jim Rogers, financial analyst and co-founder of the Quantum Fund, said in an interview with the VoR.

Could China’s decision to purchase superjet planes be viewed as a gesture of support following a series of sanctions imposed by the West against Moscow over the Ukrainian issue?

Of course it is. I’m an American, so I hate to say this, but America is shooting itself in a foot getting the most of our world to pushing China and Russia closer together. And you are going to see more and more trade between the two. And that makes the sanctions against Russia almost impossible, because there are other people who will not play.

And are there chances for the Russia Sukhoi Superjet planes to compete with other major plane-makers?

I don’t think that the Russians have enough to compete with Boeing planes yet. But you are certainly getting better. I mean, as far as cargo planes, you are probably better than anybody else. And if people are forcing you or forcing other people to buy from you, then, of course, your costs will go down, your quality will get better and it will only benefit Russia, but not benefit Europe or America.

I think that’s one reason Europe and America are a little hesitant to do too much about the sanctions, because they know that they may lose more than they will gain.

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