NYC to Ban Glass and Steel Skyscrapers

Measure intended to comply with Green New Deal standards…

New York City skyline photo

Photo by dzhingarov (CC)

(Kaylee McGhee, Liberty Headlines) New York City Mayor Bill de Blasio has embraced Rep. Alexandria Ocasio-Cortez’s, D-N.Y., Green New Deal and said the city will ban “inefficient” steel and glass skyscrapers as a result.

“We are making the Green New Deal come alive here in New York City,” he told MSNBC’s “Morning Joe.” “It’s three very basic ideas. One, the biggest source of emissions in New York City is buildings.”

The city will introduce “strong mandates” for buildings to “guarantee we reduce emissions,” de Blasio said.

The buildings that don’t comply by 2030 will face fines “as high as $1 million or more.”

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Interior States Take on Coastal States over Climate-Related Project Approvals

By Ben Lieberman – Re-Blogged From Competitive Enterprise Institute

When the state of Washington rejected a proposed new coal export facility in 2017, it probably expected the usual appeals from the project’s developers. But it may not have anticipated a constitutional battle supported by eight interior states under the Commerce Clause.

The proposed Millennium Bulk Terminals coal export facility would be located in Washington state along the Columbia River, and it would have sent Wyoming and Montana coal on its way across the Pacific to buyers in Asia. But under section 401 of the federal Clean Water Act, such projects require approval by impacted states, which Washington denied.

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What a Populist President Would Mean for Mexico

Re-Blogged From Stratfor

Highlights

  • Polls suggest Mexico’s populist coalition, led by the National Regeneration Movement, could win the presidency in the July 1 federal elections, along with a majority in the lower house and a near majority in the Senate.
  • If the coalition gains only a lower house majority, it will face heavier pressure from established parties, including the Institutional Revolutionary Party (PRI) and the National Action Party (PAN), to moderate its populist stance.
  • But the PRI and PAN will be weaker in the wake of the vote, assuming the polls bear out, and will have to rely on federal courts to halt potentially controversial legislative measures, such as energy or education reforms.

Andres Manuel Lopez Obrador, the National Regeneration Movement's candidate for Mexico's presidency, addresses the crowd at a campaign event on April 20, 2018.

(HECTOR VIVAS/Getty Images)

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Making Science Reproducible

By Andy May – Re-Blogged From http://www.WattsUpWithThat.com

The EPA secretary, Scott Pruitt, testified before the House of Representatives Energy and Commerce Committee on Thursday April 26, 2018. He had been charged with spending too much money on travel, security and a secure phone booth for his office. Certainly, a reason to reprimand him, but I’m not sure a full day of Congressional hearings were warranted. Besides Scott Pruitt has spent far less on travel than either of his immediate predecessors at the EPA. Scott Pruitt said the following at the hearing:

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Has the Fed Ever (Accurately) Predicted a Recession?

By Peter Diekmeyer- Re-Blogged From http://www.sprottmoney.com

In a recent survey not a single major central bank could provide an example of an accurate “a priori” recession forecast. The silence from the Federal Reserve, European Central Bank, BOE, BOJ and the Bank of Canada is deafening.

Precious metals investors rely heavily on economic projections when deciding where to put their money. But there’s something fishy in the land of mainstream forecasting. The US economy is now in its seventh year of recovery; however, Fed officials project growth as far ahead as the eye can see.

The Fed isn’t alone. Despite the fact that the US economy contracts for two consecutive quarters every six or seven years and is on schedule to do so again soon, not a single major central bank is forecasting a US recession as its baseline scenario. Why is that?

A miserable forecasting record

The Fed’s lousy forecasting record is well known. The US central bank completely missed predicting the 2008–2009 financial crisis and ensuing recession. Worse, it has consistently issued over-optimistic projections since then. Less well known is the fact that the US central bank appears to have never accurately forecast a recession before the country was already in one.

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The Coming Corporate “Crime Wave”

By William L. Anderson – Re-Blogged From http://www.goldstandardinstitute.net

In a recent appearance before Congress, Deputy Attorney General Sally Quillian Yates declared that the US Department of Justice is going to ratchet up its prosecution of individuals employed in corporations as part of a larger push against “white collar crime.” There is no doubt that such prosecutions will be very popular to a large section of voters, given that presidential candidates like Bernie Sanders, Hillary Clinton, and Martin O’Malley, along with Massachusetts Senator Elizabeth Warren pretty much have declared that nearly all American businesses are part of a massive criminal conspiracy that must be brought down by federal authorities.

Within the next year, we should expect to see mid-level business and finance executives doing “perp walks” in front of the news media, as federal prosecutors will charge them with various “economic crimes” in hopes that they will implicate their superiors. All of us by now know the drill and in a time of anemic economic growth complete with business failures, it won’t be hard to find scapegoats.

Everyone Is “Guilty”

When famed civil liberties attorney Harvey Silverglate published his now-famous book, Three Felonies a Day, it caused quite a stir. Going through a number of very disturbing cases, Silverglate made clear that if federal prosecutors want to target an individual, it is very easy to fashion criminal charges against them.

To prove his point, he noted how the federal prosecutors in New York when Rudy Giuliani was US Attorney for the Southern District of New York regularly played a game in which they would see if various celebrities and others, including Mother Theresa, had broken federal criminal law. The result, unfortunately, was that for each person no matter how good his or her public character, a federal statue existed that would place them in prison.

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