Washington Free Beacon: “The cost of federal regulation neared $2 trillion in 2014, according to a new report by the Competitive Enterprise Institute (CEI). . . . ‘Federal regulation and intervention cost American consumers and businesses an estimated $1.88 trillion in 2014 in lost economic productivity and higher prices,’ amounting to roughly $15,000 per household . . . . ‘In 2014, agencies issued 16 new regulations for every law—that’s 3,554 new regulations compared to 224 new laws’,”
The Daily Signal:”14 years ago, McLellan decided to try his hand at the family business and purchased his own store in the heart of the Bible Belt, naming it L&M Convenience Mart. . . . What McLellan didn’t know, though, was that the federal government could come in and take away what he’d worked so hard for.
On a summer day last July, McLellan, who hadn’t yet arrived at the store, received a phone call from one of his employees summoning him to L&M. More than a dozen federal agents had flooded into his business—officers from North Carolina’s Alcohol and Law Enforcement, the local police department and the Federal Bureau of Investigation—and they were asking for him. . . .
The federal agents then showed McLellan paperwork that included deposits to the store’s account at Lumbee Guaranty Bank. The statements showed two deposits made within a 24-hour period totaling $11,400. The statements, they said, indicated he had a history of consistent cash deposits of less than $10,000, which is illegal. Then, the agents told the small business owner something that shook him to his core: The Internal Revenue Service had seized all of the money in L&M’s bank account: $107,702.66.”
Update: See “IRS Refunds $107,000 It Lifted from Business Man.”
The A Register: “Two highly qualified Google engineers who have spent years studying and trying to improve renewable energy technology have stated quite bluntly that renewables will never permit the human race to cut CO2 emissions to the levels demanded by climate activists. Whatever the future holds, it is not a renewables-powered civilization: such a thing is impossible. Both men are Stanford PhDs, Ross Koningstein having trained in aerospace engineering and David Fork in applied physics. . . . The duo were employed at Google on the RE<C project, which sought to enhance renewable technology to the point where it could produce energy more cheaply than coal”
The men wrote this conclusion:
“At the start of RE<C, we had shared the attitude of many stalwart environmentalists: We felt that with steady improvements to today’s renewable energy technologies, our society could stave off catastrophic climate change. We now know that to be a false hope . . . Renewable energy technologies simply won’t work; we need a fundamentally different approach.”
The Atlantic: “For-profit law schools are a capitalist dream of privatized profits and socialized losses. But for their debt-saddled, no-job-prospect graduates, they can be a nightmare. . . . lorida Coastal is one of three law schools owned by the InfiLaw System, a corporate entity created in 2004 by Sterling Partners, a Chicago-based private-equity firm. InfiLaw purchased Florida Coastal in 2004, and then established Arizona Summit Law School (originally known as Phoenix School of Law) in 2005 and Charlotte School of Law in 2006.”
See also “The Canary in the Law School Classroom.”
Newsmax: “Add the U.S. Postal Service to the list of federal agencies seeking to purchase . . . alarmingly large quantities of ammunition. A little more than a year ago, the Social Security Administration put in a request for 174,000 rounds of “.357 Sig 125 grain bonded jacketed hollow-point” bullets. Before that, it was the Department of Agriculture requesting 320,000 rounds. More recently, the Department of Homeland Security raised eyebrows with its request for 450 million rounds — at about the same time the FBI separately sought 100 million hollow-point rounds.”
CBS News: “Two months ago, Mary Grice, a career employee at the Food and Drug Administration, was notified the U.S. Treasury had confiscated her state and federal tax refunds totaling $4,500. The claim against her came from the Social Security Administration which said it overpaid death benefits to Mary’s family after her father Scott Grice died in 1960. Mary was five years old. In other words, without notice and for a debt that was not hers, the government had her refund seized anyway.
epicurious: “New rules for school food kick in this July — and for kids going back to school in the fall, it’s sad sad news (okay, not really sad, but healthy healthy news). According to new regulations being instituted by the USDA, junk food is now totally verboten — in school vending machines, stores, and lunchrooms. That means that fruits, veggies, whole grains, and dairy are good to go — high-sodium, high-sugar, and high-fat foods are not.”
examiner.com: “An article in The Daily Caller “White House looks to regulate cow flatulence as part of climate agenda” could have been an April Fool’s joke, but sadly it is not. It seems of all of the issues facing our country and the world today, climate change stands at the top of the list as the most serious threat to humankind. New EPA regulations seek to reduce methane gas emissions from cows by twenty-five percent by the year 2020, labeling it an extremely potent greenhouse gas (if you are married you know what they mean). Taking this issue as seriously as the EPA demands we do, perhaps we should look at exactly what the (un) intended consequences of the new regulation would achieve: Reducing methane gas emissions by twenty-five percent would force farmers to reduce their livestock by twenty-five percent.”
From the we are in good hands department – Washington Examiner: “Health and Human Services Secretary Kathleen Sebelius told a House panel Wednesday that nobody knows how many Obamacare enrollees have actually paid their health insurance bills. . . . ‘How can it be that HHS, in charge of this program, cites a number, 4.2 million people signed up, but has no idea how many people have paid?’ Rep. Tom Price, R-Ga., asked.”
The Independent: “Thanks to the success of engineers like Mr Gallegos in pushing the frontiers of hydraulic fracturing, or “fracking”, to access reserves of oil trapped in shale formations, notably here in Texas and North Dakota, America is poised to displace Saudi Arabia as the world’s top producer. With that could come a hobbling of Opec and unforeseen shifts in US foreign policy.