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Keyword: cash

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  • A $76,000 Monthly Pension: Why States and Cities Are Short on Cash

    04/16/2018 4:30:52 PM PDT · by Libloather · 82 replies
    NY Times ^ | 4/14/18 | Mary Williams Walsh
    A public university president in Oregon gives new meaning to the idea of a pensioner. Joseph Robertson, an eye surgeon who retired as head of the Oregon Health & Science University last fall, receives the state’s largest government pension. It is $76,111. Per month. That is considerably more than the average Oregon family earns in a year.
  • No more cash: Maryland explores changing tolls to electronic only

    04/14/2018 8:17:56 PM PDT · by Tolerance Sucks Rocks · 61 replies
    The Capital Gazette ^ | April 13, 2018 | Katherine Brzozowski
    The Maryland Transportation Authority is exploring phasing out all cash toll booths across the state. Today, tolls are collected three ways: by cash, or electronically, by either an E-ZPass transponder or by video tolling — when the state uses a license-plate photo and mails drivers their bill. Transportation officials say that the transition to all-electronic, high-speed toll collection will: save drivers time on their commute, save the state money, reduce accidents at toll plazas, and reduce CO2 emissions as less fuel is being burned, according to a national study by the University of Central Florida. Drivers in Maryland could start...
  • Inside the Ring: Obama-Era Cash Traced to Iran-backed Terrorists

    02/08/2018 3:01:13 PM PST · by Eddie01 · 13 replies
    Washington Free Beacon ^ | Feb 8, 2018 | Bill Gertz
    The U.S. government has traced some of the $1.7 billion released to Iran by the Obama administration to Iranian-backed terrorists in the two years since the cash was transferred. According to knowledgeable sources, Iran has used the funds to pay its main proxy, the Lebanon-based terrorist group Hezbollah, along with the Quds Force, Iran’s main foreign intelligence and covert action arm and element of the Islamic Revolutionary Guards Corps. The U.S. money supplied to Iran as part of an arms settlement dating back to the 1970s also has been traced to Iran’s backing of Houthi rebels seeking to take power...
  • Governments Hate Bitcoin and Cash for the Same Reason: They Protect People’s Privacy.

    02/07/2018 9:10:36 AM PST · by SeekAndFind · 14 replies
    Reason ^ | 02/07/2018 | J.D. Tuccille
    Publicly fretting about Bitcoin and other cryptocurrencies, last month, Treasury Secretary Steve Mnuchin assured an audience at the Economic Club of Washington that "one of the things we will be working very closely with the G-20 on is making sure that this doesn't become the Swiss numbered bank accounts." He specifically cited the difficulty cryptocurrencies pose to tracking transactions as a major concern. Soon afterward, India's finance minister, Arun Jaitley, sounded an even stronger note, saying, "The government does not consider crypto-currencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate...
  • More places refusing to take cash

    12/26/2017 4:54:24 PM PST · by artichokegrower · 158 replies
    San Francisco Chronicle ^ | December 26, 2017 | Andy Newman
    The other day at Dig Inn, a just-opened lunch spot on Broadway and 38th Street in Midtown Manhattan, Shania Bryant committed a customer faux pas. She placed her order for chicken and brown rice and yams, and when she got to the register, she held out a $50 bill. “Sorry,” the cashier told her. “We don’t take cash.” Not, “We don’t take $50s.” No cash. Period.
  • Congressman With Cash In His Freezer Released From Prison Because The Bar For Corruption Is Higher

    12/02/2017 10:04:03 AM PST · by ColdOne · 26 replies
    dailycaller.com ^ | 12/1/17 | Jack Crowe
    Full title...................Congressman With Cash In His Freezer Released From Prison Because The Bar For Corruption Is Higher Now....................Former Louisiana Rep. William Jefferson was released from prison after serving less than half of his 13-year sentence, due to a Supreme Court ruling that increased the prosecutorial threshold for corruption charges. U.S. District Judge T.S. Ellis III re-sentenced Jefferson, a former Democratic lawmaker, to time served Friday morning after vacating Jefferson’s last remaining conviction, according to The Washington Post. Ellis first sentenced Jefferson in 2009 on corruption charges, but was compelled to reduce the 13-year sentence due to the high court’s reinterpretation...
  • DNC enters 2018 in cash panic (donors take a knee)

    10/22/2017 4:48:58 PM PDT · by Libloather · 22 replies
    Politico ^ | 10/22/17 | GABRIEL DEBENEDETTI, EDWARD-ISAAC DOVERE
    LAS VEGAS — The Democratic National Committee is reeling, facing a turnaround that's proving a much bigger lift than anyone expected as it struggles to raise enough money to cover its basic promises. Many donors are refusing to write checks. And on-the-ground operatives worry they won’t have the resources to build the infrastructure they need to compete effectively in next year’s midterms and in the run-up to 2020. Here in the halls of Bally's hotel and casino for the DNC's fall meeting through the weekend, state committee chairs and operatives echoed a now-common concern among donors and strategists: The DNC's...
  • Russian spy suspect missing in Cyprus, say police

    06/30/2010 4:12:26 PM PDT · by Bad~Rodeo · 17 replies
    BBCNews ^ | Wednesday, 30 June 2010
    One of 11 suspects accused by the US of spying for Russia has gone missing after being freed on bail on Cyprus. The man, a Canadian, named by police as Christopher Metsos, was due to sign in at a police station in the coastal town of Larnaca but did not show. He was held at Larnaca airport on Tuesday as he tried to board a plane to Budapest, a day after the US said it had held 10 other suspects. Mr Metsos was awaiting a hearing for extradition to the US. He had been staying alone at a hotel in...
  • These countries have gone mostly cashless

    10/16/2017 12:42:39 AM PDT · by SaveFerris · 77 replies
    Yahoo! Finance ^ | Thu, Oct 12 2:59 PM CDT | Brittany Jones-Cooper
    They say that cash is king, but newer and more convenient payment methods are gunning for the crown. These days, more and more countries are adopting cashless payments, which includes credit card purchases, contactless payments, mobile banking apps and digital options like Apple Pay. To see which countries were adopting cashless the quickest, Forex, a global travel site, conducted a study comparing 20 of the world’s largest economies. In the report, Canada was singled out as the country most embracing cashless technology, which could be attributed to its population changing attitudes that began several years ago. A recent survey in...
  • In a Cashless World, You'd Better Pray the Power Never Goes Out

    10/11/2017 9:43:03 AM PDT · by markomalley · 52 replies
    Mises Institute ^ | 10/10/17 | Ryan McMaken
    When Hurricane Maria knocked out power in Puerto Rico, residents there realized they were going to need physical cash — and a lot of it. Bloomberg reported yesterday that the Fed was forced to fly a planeload of cash to the Island to help avert disaster: William Dudley, the New York Fed president, put the word out within minutes, and ultimately a jet loaded with an undisclosed amount of cash landed on the stricken island...[Business executive in Puerto Rico] described corporate clients’ urgent requests for hundreds of thousands in cash to meet payrolls, and the challenge of finding enough armored cars to satisfy endless demand at...
  • Mnuchin won’t say if he wants Tubman on $20 bill

    08/31/2017 2:48:07 PM PDT · by Oldeconomybuyer · 47 replies
    San Jose Mercury-News ^ | August 31, 2017 | By MARTIN CRUTSINGER, ASSOCIATED PRESS
    WASHINGTON — Treasury Secretary Steven Mnuchin is raising speculation that Harriet Tubman’s future on the $20 bill could be in jeopardy. In a CNBC interview, Mnuchin on Thursday avoided a direct answer when asked whether he supported the decision made by the Obama administration to replace Andrew Jackson on the $20 bill with Tubman, the 19th century African-American abolitionist who was a leader in the Underground Railroad. “People have been on the bills for a long period of time,” he said. “This is something we’ll consider. Right now, we have a lot more important issues to focus on.”
  • New Hamas Leader Says It Is Getting Aid Again From Iran

    08/29/2017 2:22:04 AM PDT · by Libloather · 2 replies
    US News ^ | 8/28/17 | FARES AKRAM, JOSEF FEDERMAN,
    GAZA CITY, Gaza Strip (AP) — Hamas' new leader in the Gaza Strip said Monday his group has repaired relations with Iran after a five-year rift and is using its newfound financial and military aid to gear up for new hostilities with Israel. The announcement by Yehiyeh Sinwar came as U.N. Secretary-General Antonio Guterres was visiting Israel. At a meeting with the U.N. chief, Israeli Prime Minister Benjamin Netanyahu complained about what he called rising anti-Israel activity by Iran and its allies in the region. Iran was once the top backer of Hamas, an Islamic militant group that seeks Israel's...
  • Wasserman Schultz’s IT Muslim Spy Arrested By FBI Enroute to Pakistan After 300K Wire

    07/26/2017 6:21:04 AM PDT · by ptsal · 88 replies
    Pamela Geller ^ | July 25, 2017 | Luke Rosiak
    Florida Democratic Rep. Debbie Wasserman Schultz’s top information technology (IT) aide was arrested Monday attempting to board a flight to Pakistan after wiring $283,000 from the Congressional Federal Credit Union to that country.[snip]In March, his wife Hina Alvi, who also was on the House payroll, withdrew her children from school and left the country, the affidavit says. The Capitol Police confronted her at the airport but could not stop her. “U.S. Customs and Border Protection conducted a search of Alvi’s bags immediately prior to her boarding the plane and located a total of $12,400.00 in U.S. cash inside. Alvi was...
  • Why Cash Remains Sacred in American Churches

    06/23/2017 1:06:53 PM PDT · by 2ndDivisionVet · 4 replies
    Real Clear Religion ^ | June 23, 2017 | James Hudnut-Beumler
    On Tuesday, June 27, it will be 50 years since the first automated cash dispenser – which came to be known as an automated teller machine (ATM) – was inaugurated in London. Just thinking about it brings a smile to my face. I belong to the generation who stood 45 minutes to an hour to deposit or cash checks in the pre-ATM era. I remember getting yelled at for taking my bicycle through the drive-up line at the National Bank of Detroit to avoid the much longer line inside. It did not take me very long to become an early...
  • Senate Bill to Force Citizens to Register Cash Not in a Bank, Violators Get 10 Years in Prison

    06/18/2017 12:10:52 PM PDT · by lowbridge · 116 replies
    thefreethoughtproject.com ^ | June 17, 2017 | Claire Bernish
    A new bill seeks to track your money and assets incessantly, will enjoin any business with government ties to act as a de facto arm of DHS, and would steal all of your assets — including Bitcoin and other cryptocurrencies — should you fail to report funds when traveling with over $10,000. Under the guise of combating money laundering, Senate Bill 1241, “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,” ramps up regulation of digital currency and other autocratic financial controls in an attempt to ensure none of your assets can escape one of the State’s most nefarious, despised...
  • You won’t believe this stupid new law against Cash and Bitcoin

    06/15/2017 10:06:36 AM PDT · by Lorianne · 18 replies
    Sovereign Man ^ | 14 June 2017 | Simon Black
    This one is almost too ridiculous to believe. Recently a new bill was introduced on the floor of the US Senate entitled, pleasantly, “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.” https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5 You can probably already guess its contents. Cash is evil. Bitcoin is evil. Now they’ve gone so far to include prepaid mobile phones, retail gift vouchers, or even electronic coupons. Evil, evil, and evil. These people are certifiably insane. Among the bill’s sweeping provisions, the government aims to greatly extend its authority to seize your assets through “Civil Asset Forfeiture”. Civil Asset Forfeiture rules allow the...
  • Romney Says Hillary Encouraged Him to Seek SOS Job [semi-satire]

    06/11/2017 12:51:34 PM PDT · by John Semmens · 3 replies
    Semi-News/Semi-Satire ^ | 11 June 2017 | John Semmens
    Former Republican presidential candidate and Massachusetts Governor Mitt Romney says former Secretary of State Hillary Clinton "encouraged me to actively seek her old job. 'Don't let your differences with Trump scare you off,' she told me. 'I had differences with Obama, but I put those aside to take the job.'" "She was very sympathetic to the fact that I had spent tens of millions of dollars of my own money running against Obama for the presidency," Romney recalled her saying. "'You can get that back and more just like I did. When you're Secretary of State you have say-so over...
  • Traceability in a Sustainable World: Part 2

    02/26/2010 9:23:45 AM PST · by Sons of Union Vets · 108+ views
    THE DEVIL IS IN THE DETAILS ^ | February 26, 2010 | JD
    In Part 1, I introduced you to GS1. A United Nations sanctioned not for profit organization with an intent to tag every thing with RFID technology. In this article I will expand on GS1, as well as introduce you to pilot projects, organizations, and people working to implement this agenda. This article will give readers a introduction to the cashless society, as well as the groups and people behind it...... ....a brief review of some history is necessary. Many reading this will be familiar with the Earth Charter. This document more than any other helped lay the foundation of the...
  • Iran Using U.S. Cash to Fund Unprecedented, Massive Military Buildup

    05/03/2017 10:33:42 AM PDT · by ForYourChildren · 27 replies
    Washington Free Bacon ^ | 05/03/2017 | Adam Kredo
    Tehran seeks to completely overhaul, revamp military might to counter U.S.! Iran is using the billions in cash resources provided under the landmark nuclear deal to engage in an unprecedented military buildup meant to transform the Islamic Republic's fighting force into an "offensive" juggernaut, according to a largely unreported announcement by Iranian military leaders that has sparked concern among U.S. national security insiders and sources on Capitol Hill. Iranian officials announced late last month that Iran's defense budget had increased by 145 percent under President Hassan Rouhani and that the military is moving forward with a massive restructuring effort aimed...
  • IMF Working Paper: The Macroeconomics of De-Cashing

    04/08/2017 7:43:04 AM PDT · by oblomov · 17 replies
    International Monetary Fund ^ | March 2017 | Alexei Kireyev
    I. INTRODUCTION 1. De-cashing is defined as the gradual phasing out of currency from circulation and its replacement with convertible deposits. This initiative does not in any way target the abolition of money as an institution, but is, rather, a sweeping reduction of the role of currency, its cash component, in favor of transferrable deposits, its non-cash component. The monetary authorities in many countries have already taken steps towards de-cashing. These steps include abolishing large denomination bills, imposing ceilings on cash transactions, introducing declaration requirements on the carriage of cash in and out of the country, reporting requirements for cash...