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The Almighty Buck

Reason Suggests DoJ Closing Porn Stars' Bank Accounts 548

Posted by timothy from the moral-crisis dept.
MouseTheLuckyDog (2752443) writes "In a recent story on reason.com it was reported that the DoJ is closing down the bank accounts of porn stars. Not knowing the site I googled around and found another site, the Guardian. The story does not end there. It turns out that this is part of a larger scheme (ironically) called Operation Choke Point. Also reported in a Washington Post article that downplays the practice. According to Cryptocoin news. There are thirty industries the DoJ is now targeteting: Ammunition Sales; Cable Box De-scramblers; Coin Dealers; Credit Card Schemes; Credit Repair Services; Dating Services; Debt Consolidation Scams; Drug Paraphernalia; Escort Services; Firearms Sales; Fireworks Sales; Get Rich Products; Government Grants; Home-Based Charities; Life-Time Guarantees; Life-Time Memberships; Lottery Sales; Mailing Lists/Personal Info; Money Transfer Networks; On-line Gambling; PayDay Loans; Pharmaceutical Sales; Ponzi Schemes; Pornography; Pyramid-Type Sales; Racist Materials; Surveillance Equipment; Telemarketing; Tobacco Sales; and Travel Clubs. But more can be added. (I notice alcohol sales is not on the list)." The Reason article stops short of saying that Choke Point is proven to be the reason for the account closures, but it seems very plausible.
The Courts

Washington Files First Consumer Protection Lawsuit Over Kickstarter Fraud 47

Posted by Soulskill from the reckoning-comes-due dept.
An anonymous reader writes "In 2012, a card game called Asylum was successfully funded on Kickstarter. Two months later, its expected delivery date came and passed without a product. In July 2013, the company behind the game stopped communicating with backers. Now, the Washington state Attorney General has filed a consumer protection lawsuit against the makers. This is the first time a project from a crowdfunding site has been the target of such a lawsuit. The AG said, 'Consumers need to be aware that crowdfunding is not without risk. This lawsuit sends a clear message to people seeking the public's money: Washington state will not tolerate crowdfunding theft. The Attorney General's Office will hold those accountable who don't play by the rules.' Here's the legal document (PDF)."
Earth

Talking To the Public: the Biggest Enemy To Reducing Greenhouse Emissions 324

Posted by Soulskill from the none-of-us-are-as-dumb-as-all-of-us dept.
Lasrick writes: "Lucien Crowder is fed up with the notion that solutions for climate change would be easier to enact if only the public (especially the American public) understood the science better. Crowder looks to nuclear disarmament advocates as a model, as the move to reduce nuclear weapons has seen comparatively greater success even without public awareness and understanding: 'Indeed, in the nuclear and climate realms, desirable policy often seems to flow less from public engagement than from public obliviousness. Disarmament advocates, no matter how they try, cannot tempt most ordinary people into caring about nuclear weapons—yet stockpiles of weapons steadily, if still too slowly, decrease. Climate advocacy provokes greater passion, but passion often manifests itself as outraged opposition to climate action, and atmospheric carbon has reached levels unseen since before human beings evolved.'"
Bitcoin

Rand Paul Suggests Backing Bitcoin With Stocks 404

Posted by Soulskill from the back-it-with-waffles-instead dept.
SonicSpike writes: "In a recent interview, Senator Rand Paul said there's one thing he would change about Bitcoin: it should be backed by something with intrinsic value, like stocks. He said, 'I was looking more at it until that recent thing [sic]. And actually my theory, if I were setting it up, I'd make it exchangeable for stock. And then it'd have real value. And I'd have it pegged, and I'd have a basket of 10 big retailers I think it would work, but I think, because I'm sort of a believer in currency having value, if you're going to create a currency, have it backed up by — you know, Hayek used to talk about a basket of commodities? You could have a basket of stocks, and have some exchangeability, because it's hard for people like me who are a bit tangible. But you could have an average of stocks, I'm wondering if that's the next permutation.'"

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