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Imagine There’s No Internet

January 27, 2012 by  

Motivated citizens block new law. Well, what do you know? Two bills aimed at stopping online piracy were supposed to sail through Congress. But Internet giants Google and Wikipedia and others protested that the measures would turn them into “police officers for the Justice Department.” Wikipedia even went dark for a day. So many people contacted their Congressmen that the Stop Online Piracy Act and the Protect IP Act are dead in the water — at least for now.

College conservatives “too patriotic.” A group of students at Marietta College in Ohio wanted to hold an American flag memorial and candlelight vigil to commemorate 9/11. They received approval, but then the approval for the vigil was rescinded and they were told that the flag garden had to include flags from the more than 90 other countries that experienced a loss on 9/11. A Student Life representative said, “We have a global outlook at this school and we cannot ignore the Chinese and Muslim students who also suffered losses.” Ultimately, the college allowed the students to host the event and it funded the purchase of the other countries’ flags.

One reason California is going broke. When Berkeley city manager Phil Kamlarz retired from his $242,580 a year job on Nov. 30, he immediately became eligible for an annual pension of $249,420 a year. He also got $147,439 in unused sick and vacation time. The city’s pensions are underfunded. Covering future retirees will cost the city some $400 million. That’s a lot of taxpayer money!

Moody’s downgrades Illinois’ debt. Moody’s downgraded Illinois State debt from A2 to A1 — the lowest among the 50 States. Remember when Illinois raised personal income taxes by 67 percent and corporate income taxes by 46 percent a year ago? Those tax increases were supposed to solve all of the State’s financial problems. Despite the increases, Governor Pat Quinn’s budget office predicts a $507 million deficit this year.

Chip Wood

is the geopolitical editor of PersonalLiberty.com. He is the founder of Soundview Publications, in Atlanta, where he was also the host of an award-winning radio talk show for many years. He was the publisher of several bestselling books, including Crisis Investing by Doug Casey, None Dare Call It Conspiracy by Gary Allen and Larry Abraham and The War on Gold by Anthony Sutton. Chip is well known on the investment conference circuit where he has served as Master of Ceremonies for FreedomFest, The New Orleans Investment Conference, Sovereign Society, and The Atlanta Investment Conference.

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