Other Informative Stories That We are Following on October 9, 2015

Article posted on October 9th, 2015 by WhatAmIMissingHere

Obama Weighs Expanding Background Checks Through Executive Authority – Washington Post  …  “In response to the latest mass shooting during his presidency, President Obama is seriously considering circumventing Congress with his executive authority and imposing new background-check requirements for buyers who purchase weapons from high-volume gun dealers. Under the proposed rule change, dealers who exceed a certain number of sales each year would be required to obtain a license from the Bureau of Alcohol, Tobacco, Firearms and Explosives and perform background checks on potential buyers. In the wake of last week’s tragedy, Obama said he had asked his team ‘to scrub what kinds of authorities do we have to enforce the laws that we have in place more effectively to keep guns out of the hands of criminals.'”

“‘We are hopeful we can find a way to do this,’ said one senior administration official, who noted that lawyers were still working through details to ensure that the rule could pass legal muster. ‘It’s a lot more clear today than it was a year ago how to work this out.’ The proposed executive action aims to impose background checks on individuals who buy from dealers who sell a significant number of guns each year. The current federal statute dictates that those who are ‘engaged in the business’ of dealing firearms need to obtain a federal license — and, therefore, conduct background checks — but exempts anyone ‘who makes occasional sales, exchanges, or purchases of firearms for the enhancement of a personal collection or for a hobby, or who sells all or part of his personal collection of firearms.'”

$3 Trillion Corporate Credit Crunch Looms as Debtors Face Day of Reckoning, Says IMF – Telegraph  …  “A poisonous ‘triad’ of global risks is pushing the world to the brink of a new financial crisis, says stark IMF report. Governments and central banks risk tipping the world into a fresh financial crisis, the International Monetary Fund has warned, as it called time on a corporate debt binge in the developing world. Emerging market companies have ‘over-borrowed’ by $3 trillion in the last decade, reflecting a quadrupling of private sector debt between 2004 and 2014, found the IMF’s Global Financial Stability Report. This dangerous over-leveraging now threatens to unleash a wave of defaults that will imperil an already weak global economy, said stark findings from the IMF’s twice yearly report.”

“The Fund warned there was no margin for error for policymakers navigating these hazardous risks. The slightest miscalculation, they said, could collapse into a ‘failed normalisation’ of interest rates and market conditions, wiping 3pc from the world’s economic output over the next two years. ‘Policy missteps and adverse shocks could result in prolonged global market turmoil that would ultimately stall the economic recovery,’ said Jose Viñals, financial counsellor at the IMF. The world’s major central banks should ensure policy remains ‘accommodative’ for fear of setting off a new wave of instability that would see bond prices rise and asset prices collapse, said the IMF.

Impeach the IRS Director – Newmax  …  “…Lerner favors suppressing certain mindsets. At the IRS, she participated in delaying for up to five years — effectively denying — tax exempt status for, and hence restricting political activity by, groups with conservative mindsets. She retired after refusing to testify to congressional committees, invoking Fifth Amendment protection against self-incrimination. As the IRS cover-up of its and her malfeasance continues, the Republicans’ new House leaders should exercise this constitutional power: ‘The House . . . shall have the sole power of impeachment.’ The current IRS director, John Koskinen, has earned this attention.”

“Federal officials can be impeached for dereliction of duty (as in Koskinen’s failure to disclose the disappearance of emails germane to a congressional investigation); for failure to comply (as in Koskinen’s noncompliance with a preservation order pertaining to an investigation); and for breach of trust (as in Koskinen’s refusal to testify accurately and keep promises made to Congress). Jason Chaffetz, chairman of the Oversight and Government Reform Committee, says the IRS has ‘lied to Congress,’ and ‘destroyed documents under subpoena.’ He accuses Koskinen of ‘lies, obfuscation and deceit’: ‘He assured us he would comply with a congressional subpoena seeking Lois Lerner’s emails. Not only did he fail to keep that promise, we later learned he did not look in earnest for the information.'”

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