Your EBT Card Has Been Denied… At The Spearmint Rhino


America’s welfare state is about to suffer a double whammy of epic proportions. On one hand, extended unemployment benefits are now running out at a pace of 100,000+ per week, as more and more American’s lose eligibility for Komrade Samov’s 99-week sponsored vacation, meaning millions of Americans heretofore sitting comfortably on their couch playing Call of Duty and collecting $400 a week will now start having to think for a change – never a good thing for any regime that relies on its electorate to be docile as drunk and fat Hindu cows. And now this: “New York would prohibit welfare recipients from spending their tax-funded benefits on cigarettes, alcohol, gambling, and strip clubs under a bill passed overwhelmingly by the state Senate on Tuesday. “I understand that people need food stamps,” said Republican Sen. Thomas Libous, a Broome County Republican. “What I don’t understand is why they need to go to strip clubs, buy lottery tickets, go to a ‘racino’ or buy alcohol.” Wait, you mean you can’t spend other people’s money to pay for a lap dance? What crazy form of inhumane austerity is this. And isn’t spending taxpayer dollars at the Spearmint Rhino one of the amendments to the post-Obama constitution? But perhaps the scariest implication is that New Yorkers actually do spend their EBT money at the Spearmint Rhino right off the card, being ripped off with the traditional 15% plastic surcharge instead of just paying cash. Now that is really stupid.

More on the “Public Assistance Integrity Act”

Libous said New York must restrict the spending by recipients whose benefits are linked to debit cards to conform to federal law. President Barack Obama signed a law in February that will require states to restrict how the cash portion of social services is spent, or lose 5 percent of Temporary Assistance to Needy Families funding. New York risks losing $125 million next year.

 

Others questioned the need for the restrictions, saying they were a slap at the poor.

And though this Act is far from being voted through, already the civil rights brigades are screaming bloody strip club murder:

It’s a prejudice, I think, about poor people that we are seeing represented more than any statistical or study of behavior,” said Sen. Bill Perkins, a Harlem Democat and one of the few senators to vote against the measure. “If they have evidence that there’s a rash of that, I’d like to see it.”

Then there is the GOP response:

New York’s Republican senators who led the bipartisan 56-3 vote Tuesday said New Yorkers are amazed the law allows such spending now. The law prohibits the use of food stamps to buy alcohol or tobacco products, but it’s allowed under the “cash allowance” contained in the EBT cards.

 

“‘They can do that? Are you kidding me?'” said Sen. John DeFrancisco, a Syracuse Republican, in recounting constituents’ reaction. “That outrage is well placed,” he said.

 

“Right now, under the law, you can use the cash assigned for gambling, alcohol and lottery tickets,” Libous said. “We get quite a few complaints on an annual basis.”

 

Some state officials are concerned the federal measure, and its 5-percent penalty for failure to enact restrictions, infringes on states’ rights to distribute federal welfare benefits under their own rules.

Of course, since most strippers, despite their name, are not equipped with magnetic strip readers, and since most EBT cards will still dispense cash, we can’t help but wonder just what is the whole logic behind the idiocy of on one hand generously handing out welfare benefits to anyone with a pulse, and in some zombified cases. without, and on the other coyly posturing for political reasons.

Either way, this sadly may mean that the time to officially short RICK has come.

It, of course, also means that soon enough the #OccupyScores crowd will be firmly in place on the main dancing area, beating their bongos in sync to Pour Some Sugar On Me.

In conclusion, what else but… My EBT.

François Hollande on Collision Course with … France


Wolf Richter   www.testosteronepit.com

During the French presidential election, it became clear that François Hollande, if he were to win the presidency, would try to align other Eurozone countries, particularly Italy and Spain, into a southern front against German Chancellor Angela Merkel and her government—to fix the problems of the Eurozone à la française. Among his ideas: pushing the ECB to buy government bonds of troubled debt-sinner countries and instituting eurobonds—or euro-bills, as he now calls them—that would give any member access once again to cheap unlimited loans. Everyone would benefit, except the German taxpayer, who’d have to foot the bill. Both policies are despised in Germany where budgetary discipline is seen as the solution to the debt crisis—rather than even more debt and monetizing of that debt. He even tried to win over Germany’s opposition SPD—and though they saw some common ground, they turned to be more loyal to core German beliefs than to his socialist principles.

Now that he has won the election, he has set out on his pre-charted collision course with Germany. The war of words has already started. For the first time that I can remember, a French government is lobbing unvarnished and relentless verbal attacks across the Rhine. They had their differences before, but they always put makeup on them and dress them up nicely to come across as the harmonious if not always smiling Franco-German couple. But now, the center of Europe, the two architects of Europe and the Eurozone, and the two largest economies of either, have chosen the path of confrontation—and if any single thing can break up the Eurozone—or cause Germany to bail out—that will be it.

But Hollande isn’t just on collision course with Germany.

“We have the feeling that we live a grave historical moment, a moment of truth,” said Laurence Parisot, President of the MEDEF, the largest employer union and lobbying group in France, representing 700,000 companies. During a press conference on Monday, “the boss of the bosses” delivered her solemn words without a trace of a smile.

The situation for French companies, she said, was already tough: collapsing margins, falling orders, extreme cash flow tensions, frozen hiring projects, and “uncertainties of such magnitude that all large investment projects are put on standby” (video). And she plowed into Hollande’s program item by item:

– Imposing a dividend surtax of 3% that companies (over 250 employees or €50 million in revenues) have to pay. Shareholders already pay income taxes on dividends.

– Raising company contributions for pensions, healthcare, work-injury and disability insurance, and other state programs.

– Raising the minimum wage, already at €9.22 ($11.60) per hour. Arch-competitor Germany doesn’t even have a minimum wage.

– Making layoffs even harder and more costly if they fall into the nebulous category of “abusive layoffs” whose sole purpose is to goose the stock price.

– Lowering the retirement age to 60 for those who started working in their teens, and funding it by increasing corporate and individual contributions.

“These increases will not remain endurable for long,” she said, before “they hit small and medium-size enterprises very hard.” They were already in distress, and with these policies, France would “run the risk that private investors will invest less, or elsewhere.” And bringing taxation of capital in line with taxation of work would “dry up” the economy. The new programs are “disconnected from the reality companies have to face, from what a company can endure.” Based on these new costs, taxes, and limits, she said, “We fear a programmed strangling.”

These economic and social reforms that Prime Minister Jean-Marc Ayrault and his government are trying to implement conspire to create “palpable anxiety and immense concern among entrepreneurs.” Adding to the uncertainties about Europe is the feeling among foreign countries, she said, that the old continent is no longer a market of the future.

She called for a unified European voice in foreign policy, defense, economic strategy, and finance that would allow it to “counterbalance the colossal powers in other parts of the world”—particularly China and the US. Thus, without saying it, she implored Hollande to make peace with Germany. And she warned him: “Careful, not to transform our country into a hyper-rigid enclave that would be totally disconnected from the functions of a market economy.

And so the euro crisis moved on in its inexorable manner. The G-20 summit last November in Cannes, France, was all about bailing out Greece, and it turned into a fiasco. Now at the G-20 summit in Los Cabos, Mexico, tiny Greece is still front and center, but the summit has been escalated to bailing out the entire Eurozone. President Obama took it even further: he wanted everybody else to do “what’s necessary to stabilize the world financial system.” Read…. The G-20 Farce: Saving The Eurozone From Collapse.

And here is an excellent, hard-hitting article by Rex van Schalkwyk, former justice of the South African Supreme Court. In politics, he writes, it is the idea that counts. And between idea and reality, there lies that vast uncharted terrain of promises unfulfilled, of lies and deceit and of naked hypocrisy—a self-inflicted deception that accounts for the failure of society. With the Eurozone in mind, read…. Compassion – Killer of Society?

In Case Of NEW QE, Gold To $1,900-$8,500 Says SocGen


In a previous post we showed how, despite Goldman’s best wishes, the market may have just priced itself out of a treat from the Fed tomorrow, and right into a trick. That said, in case the Fed has in fact succumbed to the pleadings of its superiors (read Primary Dealers) and does proceed with some seriously unsterilized dollar mauling, the next question is what is the best hedge. SocGen asked the same, and provided several strategies to take advantage of central planners exhibiting a rare case of Einstein’s definition on insanity… over and over. Their “Strategy #1: Bolster Positions In Gold Ahead of QE3.” Why? Because once the next round of the gold juggernaut is unleashed, gold may go to anywhere between $1900, just shy of the all time nominal high, and $8500… just a tad higher than the nominal high.

From SocGen:

  • USD 1900/Oz: To close the gap with the monetary base increase since July 2007, gold would have to rise to $1,900/oz, assuming full transmission from the monetary base increase to the gold price
  • USD 8500/Oz: If gold catches up with the increase in the monetary base
    since 1920 (as it did in the early 80s), its price would rise to USD 8500/Oz.

The latter scenario is the price only catching up with where it should be. Add another $700 billion – $1 trillion for a potential NEW QE, and you get a 5 digit (and increasingly more meaningless) number.

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Best Ways to Level Aion

No matter through which online game, leveling is a must progress with regard to players. If you can level up fast inside a game, you can probably have more fun. Making a lot of gold is one of the most important things in the whole game. If you want to make more gold in the game, you may find out some best guides to help you. Being kind of sick of these, I actually started searching for leveling options outside the overall online game. let us start a fast way to turn ranking up into fun.

This great Aion leveling manual not only showed me how you can level speedier, it seriously made this XP a great deal of fun. To start with, all these players whining about how precisely hard your XP will be, were the ones grinding about the same opponents all day. The XP you gain in this way is not really hard, opponents being typically easy to help kill, it is really just long and boring. So, the vital thing I’ve realized is to guarantee I complete all of the quests available . This way I became always connected to the premise of the game, solving diverse tasks each time, which made leveling more {pleasant|enjoyable.

An excellent thing I’ve learned utilizing this guide is always that crafting plus gathering actually be an important factor with your progress. Not only this, they morph into excellent in-game income resources, nevertheless in Aion, professions can grant everyone a reasonable number of XP with time. No wonder participants had been complaining since a lot of them are neglecting its professions as well as gathering. Just find out about this guide to learn best ways to level up your game with the shortest time and enjoy the most fun or excitement.

After that, equipping your own character with the right gear can also be important. Knowing your class you should understand which stats are important for ranking up with also, you should have zero problem selecting your equipment, other as opposed to cost, naturally. Any good Aion leveling guide will confess this quest is the most effective way to level.

Of course you will discover the temporary junk quests which take way too much effort for your reward these people give, but if you possibly could tell these through the good quests your XP price shall be much a lot more than if you basically grind. Click here for more information about the online game.

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