Hillary: Change ‘Religious Beliefs’ of Nation
Urges overhaul to protect abortion rights, slams Hobby Lobby
(Daily Caller) – Democratic presidential candidate Hillary Clinton took a feminist tone on Thursday. She told attendees at the sixth annual Women in The World Summit that “deep-seated cultural codes, religious beliefs and structural biases have to be changed” for the sake of giving women access to “reproductive health care and safe childbirth.”
“Far too many women are denied access to reproductive health care and safe childbirth, and laws don’t count for much if they’re not enforced. Rights have to exist in practice — not just on paper,” Clinton said.
“Laws have to be backed up with resources and political will,” she explained. “And deep-seated cultural codes, religious beliefs and structural biases have to be changed. As I have said and as I believe, the advancement of the full participation of women and girls in every aspect of their societies is the great unfinished business of the 21st century and not just for women but for everyone — and not just in far away countries but right here in the United States...(MORE)
Started by National Director, Dee in Constitution/Bill of Rights/Declaration of Independence/History. Last reply by Joseph T. Ward 2 hours ago. 9 Replies 4 Likes
Largest Bank in America Joins War on Cash
Floats idea of abolishing currency to limit depositers withdrawing money
(Zerohedge) - The war on cash is escalating. Just a week ago, the infamous Willem Buiter, along with Ken Rogoff, voiced their support for a restriction (or ban altogether) on the use of cash(something that was already been implemented in Louisiana in 2011 for used goods). Today, as Mises’ Jo Salerno reports, the war has acquired a powerful new ally in Chase, the largest bank in the U.S., which has enacted a policy restricting the use of cash in selected markets; bans cash payments for credit cards, mortgages, and auto loans; and disallows the storage of “any cash or coins” in safe deposit boxes.
Buiter defended his “controversial” call for a ban on cash, as Bloomberg reports:
“The world’s central banks have a problem. When economic conditions worsen, they react by reducing interest rates in order to stimulate the economy. But, as has happened across the world in recent years, there comes a point where those central banks run out of room to cut — they can bring interest rates to zero, but reducing them further below that is fraught with problems, the biggest of which is cash in the economy.
In a new piece, Citi’s Willem Buiter looks at this problem, which is known as the effective lower bound (ELB) on nominal interest rates. Fundamentally, the ELB problem comes down to cash. According to Buiter, the ELB only exists at all due to the existence of cash, which is a bearer instrument that pays zero nominal rates. Why have your money on deposit at a negative rate that reduces your wealth when you can have it in cash and suffer no reduction? Cash therefore gives people an easy and effective way of avoiding negative nominal rates. Buiter’s note suggests three ways to address this problem...(MORE)
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