Florida state workers face random drug tests under new law | Reuters

Peanut Gallery: Love it!!!!

The Republican governor signed the Drug-free Workplace Act, which will permit state agencies to randomly test up to 10 percent of their employees, his office said on Monday.

Tests could be conducted once every 90 days under the measure, which takes effect July 1. It would allow agencies to fire or discipline employees the first time they test positive for drugs.

Florida state workers face random drug tests under new law | Reuters.

(Reuters) – Florida Governor Rick Scott has signed a law allowing state employees to be randomly tested for drugs, a measure likely to draw a legal challenge over its constitutionality.

The Republican governor signed the Drug-free Workplace Act, which will permit state agencies to randomly test up to 10 percent of their employees, his office said on Monday.

Tests could be conducted once every 90 days under the measure, which takes effect July 1. It would allow agencies to fire or discipline employees the first time they test positive for drugs.

Employers could choose to refer such employees to an alcohol and drug rehabilitation program.

Supporters of the law said it mirrors long-standing practices in private industry, but critics called the measure intrusive and unnecessary.

“Just like businesses do every day in the private sector, we, as a state, want to ensure a healthy and productive workforce,” spokesman Lane Wright said in an email. Continue reading “Florida state workers face random drug tests under new law | Reuters”

5 Reasons Socialism Is Inferior To Capitalism – John Hawkins

Peanut Gallery: Here’s a “primer” on Capitalism and Free Markets – why they work. Are there abuses, of course. But Government-controlled central planning is much worse. If absolute power corrupts absolutely (and it does), why would we think that government employees who can’t be fired would be any less corrupt than the rest of us. And what makes us think that politicians and government employees are smarter and wiser than the rest of us when it comes to telling us how to live our lives? It’s true – some people get screwed in a capitalist system. But in a socialist system, everybody gets screwed… except for the politicians.

 “The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.” — Winston Churchill

5 Reasons Socialism Is Inferior To Capitalism – John Hawkins – Townhall Conservative Columnists .

Saying that capitalism is better than socialism is like saying that winning a million dollars is better than being in a high impact car crash. In other words, if you have an open mind, a good grasp on human nature and economics, and a passing knowledge of world history, there’s absolutely no question that capitalism is superior to socialism.

Unfortunately, this lesson has been lost on a lot of people because our school systems have become so mediocre, there are no pure capitalist and socialist systems, and there are a lot of people who promote socialism for reasons that have nothing to do with economics. Is it surprising, for example, that politicians prefer an economic system that concentrates power in their hands as opposed to a system that makes them less relevant? Would anyone be shocked to find out that there are people who like the idea of making money based on whom they know and where they put their campaign contributions as opposed to slugging it out in the free market?

So with all that in mind, it is worth explaining, once again, why capitalism is absolutely, undeniably, unquestionably superior to socialism. Continue reading “5 Reasons Socialism Is Inferior To Capitalism – John Hawkins”

Bernanke Says Risk of European Contagion Still a Concern | Fox Business

Peanut Gallery: No kidding…. And what about our debt problems? This is like a binge drinker lecturing a bunch of alcoholics on the evils of other peoples’ drinking.

U.S. money market funds “remain structurally vulnerable despite some constructive steps, such as improved liquidity requirements, taken since the recent financial crisis,” he will add.

“Were the situation in Europe to take a severe turn for the worse, the U.S. financial sector likely would have to contend not only with problems stemming from its direct European exposures, but also with an array of broader market movements, including declines in global equity prices, increased credit costs, and reduced availability of funding,” Bernanke will tell lawmakers.

EXCLUSIVE: Bernanke Says Risk of European Contagion Still a Concern | Fox Business.

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Federal Reserve Chairman Ben Bernanke will warn Congress Wednesday that possible “contagion” from the European debt crisis for U.S. banks and money market funds remains “a concern” for the Fed and other financial regulators despite firms’ recent steps to reduce their exposure to countries and institutions there, according to testimony obtained by the FOX Business Network.

In particular, U.S. money market funds, with 35% of their assets in European holdings as of February, “remain structurally vulnerable” to Europe’s debt problems, Bernanke will tell the House Oversight and Government Reform Committee. Continue reading “Bernanke Says Risk of European Contagion Still a Concern | Fox Business”