IRS Refunds $107,000 It Lifted from Business Man

Fox News:  “Lyndon McLellan fought the law — and apparently, he won.  The North Carolina business owner for months has been battling the federal government after IRS agents last fall seized $107,000 from him, under a controversial practice known as civil forfeiture. But his attorneys at the Institute for Justice announced Thursday that the IRS and Department of Justice have moved to dismiss the case and give him back his money.  McLellan is just one of thousands of Americans the IRS has seized money from, supposedly for “structuring” funds to avoid a law requiring banks to alert the government of deposits over $10,000.”

Record Ice in Antartic

The Guardian:  “Antarctica’s increasing sea ice restricting access to research stations.  Scientists are in Tasmania for workshops on how to accurately forecast sea ice levels in the polar region, aiming to ease access and reduce shipping costs.  Sea ice around Antarctica is currently at record levels for May, part of a trend of increasing ice around the frozen continent making it harder to resupply and refuel research stations.”

DEA Takes $16,000 Cash from Traveler on a Train for No Reason

Washington Post:  “How the DEA took a young man’s life savings without ever charging him with a crime.  Joseph Rivers was hoping to hit it big. According to the Albuquerque Journal, the aspiring businessman from just outside of Detroit had pulled together $16,000 in seed money to fulfill a lifetime dream of starting a music video company. . . . A DEA agent boarded the train at the Albuquerque Amtrak station. . . . The agent found Rivers’s cash, still in a bank envelope. . . . he agents found nothing in Rivers’s belongings that indicated that he was involved with the drug trade: no drugs, no guns. They didn’t arrest him or charge him with a crime. But they took his cash anyway, every last cent, under the authority of the Justice Department’s civil asset forfeiture program.”

Small Business Owner Says Bank Denied Service Because She Sells Guns

The Daily Signal:  “A small business owner from Central Florida alleges she was denied service by one of the largest banks in the United States strictly because she sells guns. . . . On May 7, Craig called TD Bank seeking a new line of credit to buy inventory and produce advertisements for her small, 23-year-old storefront, Michael’s Pawn and Gun.  When a TD Bank representative pulled up the shop’s Facebook page and discovered that it sells guns, Craig says the representative told her, ‘We can’t lend to anyone who sells firearms‘.”

Federal Regs Cost Businesses $1.9 Trillion in 2014

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’,”

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