Months before the Oklahoma City bombing took place, Biden introduced another bill called the Omnibus Counterterrorism Act of 1995. It previewed the 2001 Patriot Act by allowing secret evidence to be used in prosecutions, expanding the Foreign Intelligence Surveillance Act and wiretap laws, creating a new federal crime of "terrorism" that could be invoked based on political beliefs, permitting the U.S. military to be used in civilian law enforcement, and allowing permanent detention of non-U.S. citizens without judicial review.* The Center for National Security Studies said the bill would erode "constitutional and statutory due process protections" and would "authorize the Justice Department to pick and choose crimes to investigate and prosecute based on political beliefs and associations."
Biden himself draws parallels between his 1995 bill and its 2001 cousin. "I drafted a terrorism bill after the Oklahoma City bombing. And the bill John Ashcroft sent up was my bill," he said when the Patriot Act was being debated, according to the New Republic, which described him as "the Democratic Party's de facto spokesman on the war against terrorism."
***
Biden's proposal probably helped to lay the groundwork for the Bush administration's Patriot Act.
The Center for National Securities reported in 1995:
On February 10, 1995, a counterterrorism bill drafted by the Clinton Administration was introduced in the Senate as S. 390 and in the House of Representatives as H.R. 896.
The Clinton bill is a mixture of: provisions eroding constitutional and statutory due process protections, selective federalization — on political grounds — of state crimes (minus state due process rules), discredited ideas from the Reagan and Bush Administrations, and the extension of some of the worst elements of crime bills of the recent past.
The legislation would:
1. authorize the Justice Department to pick and choose crimes to investigate and prosecute based on political beliefs and associations;
2. repeal the ancient provision barring the U.S. military from civilian law enforcement;
3. expand a pre-trial detention scheme that puts the burden of proof on the accused;
4. loosen the carefully-crafted rules governing federal wiretaps, in violation of the Fourth Amendment;
5. establish special courts that would use secret evidence to order the deportation of persons convicted of no crimes, in violation of basic principles of due process;
6. permit permanent detention by the Attorney General of aliens convicted of no crimes, with no judicial review;
7. give the President unreviewable power to criminalize fund-raising for lawful activities associated with unpopular causes;
8. renege on the Administration's approval in the last Congress of a provision to insure that the FBI would not investigate based on First Amendment activities; and
9. resurrect the discredited ideological visa denial provisions of the McCarran Walter Act to bar foreign speakers.
* Note: The CNET article contains a typographical error, using the word "detection" instead of "detention" in the sentence: "allowing permanent detection of non-U.S. citizens without judicial review". Not only does this make no sense, but a review of the bill confirms that it provided for permanent detention.
“In his latest market dispatch, the venerable technician Ian McAvity makes proper hash of the theory being bruited about by the usual suspect sources that gold is a bubble.
At $1,900 an ounce, he observes, gold was 2.2 times its early 1980 peak. U.S. gross domestic product and federal debt, he goes on, are some 5.5 times their early 1980 levels, while the Standard & Poor’s 500 and overall credit-market debt are 11 to 12 times their levels in the early ’80s.
Thus, “the real bubble,” he contends, has been the “issuance of debt that is increasingly stifling any recovery in the Main Street economy.” And there is no sign it won’t continue to do so any time soon.
Little wonder, then, that he’s convinced we’re in the fierce grip of a bear market that could get quite ugly between now and next year’s election day, with the already-battered housing and financial sectors pacing the decline.”
I have no problem with the argument that we’ve had a bubble in credit and an unfortunate reliance on printing and debt.
However, I find the rest of the argument hollow. The S&P in niminal terms may be up 12-fold, but so are earnings. So the value of the index has not risen, only its price.
Gold on the other hand is priced based on what the last guy paid for it (as are equities) — but without any other frame of reference. There are no earnings or yield, so it is strictly a function of last price paid. I don’t see how eventually, that does not end terribly.
>
Source: Pocketbook Love ALAN ABELSON Barron’s DECEMBER 10, 2011 http://online.barrons.com/article/SB50001424052748704221204577080552451095224.html
The euro zone has only a matter of weeks to take steps that will ensure the common currency’s survival, former U.K. Prime Minister Tony Blair says in an exclusive interview with the Journal’s Managing Editor, Robert Thomson.
The last time Amazon ran this one day special it was for $59.
Regardless, $49 is a great price for a very decent grind & brew coffee maker. Makes a great gift, or a backup machine.
If you want to spend appreciably more, you easily can. The Capresso equivalent (w/o the thermos carafe) runs ~$162. And my favorite coffee maker, the Capresso 465 CoffeeTeam (Burr Grinder and Thermal Carafe) is $198. Its a great piece of machinery at a premium price.
You can always go classic Bodum French Press ($26) but its nowhere near as convenient as the combination of a grinder/timer/thermos.
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