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Landmark – Morsi – President of Egypt

Mohamed Morsi Isa El-Ayyat assumed office June 30, 2012 as the fifth and current President of Egypt.

Morsi is a leading figure in the Muslim Brotherhood.

The Obama administration continues to assure the American public that the MB is not a threat.

Sixteen months earlier, the Obama administration made these notable statements…

February 7, 2011 – Mr. Obama explained that “The Muslim Brotherhood is one faction in Egypt. They don’t have majority support in Egypt…”

February 10, 2011 – Director of National Intelligence James Clapper testified before the House Permanent Select Committee on Intelligence that the Muslim Brotherhood is “largely secular.”

Posted in Landmark Events.

The Catholic Tax

If government can tax individuals for not buying health care, does that mean it can tax those who refuse to provide contraceptive services in violation of their religious beliefs?

Investors Business Daily was miles ahead of me on this one.

On June 21, I posted a “Landmark” blog about The Catholic Association’s Fortnight For Freedom. The initiative was part of a two week call to Catholics for “action in defense of our religious liberty.”

My June 28 “Landmark” blog recorded the Supreme Court ruling on the Afordable Care Act (Obamacare.) In that ruling, the Court invited Congress to tax more than just things that exist. Congress can levy a tax on the lack of a thing, … or on an action, … or it may even tax a failure to act.

By June 29, IBD’s editiorial department had already figured out where those two issues collide.

The Supreme Court has essentially invited the United States government to observe when Catholics, in keeping with their religious standards, might refuse to perform abortions or refuse to provide contraceptive services.

And then, The Supreme Court implies, the United States can grab those violators by their bank accounts and tax them into the stone age for failing to do as they were told.

The Becket Fund for Religious Liberty

The Becket Fund is all over it. I had never heard of the Becket Fund before.

Investors Business Daily reports that, “The fund is engaged in religious liberty lawsuits on behalf of four institutions. There are now 23 lawsuits in 14 states and the District of Columbia involving more than 50 plaintiffs, according to the group, including lawsuits filed by 43 Catholic institutions in May.”

IBD closes with this reminder: “…the power to tax is the power to destroy, and that includes (the) freedom of religion.”

Posted in Law, Religion, Supreme Court.

Landmark – Supreme Court Goes Into A Parallel Universe To Allow Obamacare.

The Supreme Court determined that Obamacare is not constitutional under the Commerce Clause. Four justices said the law should be thrown out altogether. Obvious solution: Re-cast Obamacare as tax law and approve it that way.

Court watchers suggest that, at the heart of it, Supreme Court Chief Justice John Roberts just couldn’t take the heat.

The Supremes did say that the individual mandate is unconstitutional – Congress cannot require citizens to buy things.

But what to do if Congress really, really, REALLY wants people to buy things? It seems the Chief Justice didn’t want to get in the middle of that one.

So, instead, the Court divined that Congressional taxing power is now different.


Posted in Health Care, Landmark Events, Law, Supreme Court.

Landmark – Supreme Court – Arizona Immigration Decision

AZ Catch 22 – SCOTUS says Arizona should check for illegal immigrants. Illegals found in Arizona won’t be subject to Arizona immigration law. Only federal law applies. And those are the laws the Feds won’t enforce.

The President of the United States recently stated that he didn’t intend to enforce all immigration laws. As it happened, he said that while the Supreme Court was in deliberation, regarding Arizona statute S. B. 1070… a state law that addresses illegal immigration.

Bottom line, the Supreme Court said Arizona can ask about bad guys, but the bad guys may well go free.


Posted in Employment Scene, Landmark Events, Law, Pick, Supreme Court.

Landmark – The Catholic Association Begins Fortnight For Freedom

Christians in the United States of America are now fighting for their religious freedoms.

Somewhere around 12:37 p.m. on June 21, 2012, I saw an absolutely amazing television commercial. I’ve never seen anything like it.

It seemed to justify the Catholic religion.

I don’t recall ever seeing any public message where a Christian religion had to justify its existence in the United States of America.

I made a note of the commercial.

And I made a note of the sponsor: The Catholic Association

Here’s a link to their website…

Their message was chilling.


Posted in Landmark Events, Religion.

Landmark – House Panel Says Attorney General Is In Contempt of Congress

This is awkward…

The House Oversight and Government Reform Committee voted along party lines, 23-17 to hold Attorney General Eric Holder in contempt of Congress.

For Eric Holder to be formally held in contempt of Congress, the full House has to approve that resolution.  Voting could be as early as next week, barring some kind of settlement.


Posted in Landmark Events.

Setting Records At Rockwell

ROK is projecting another record year.  Controls and Canada are leading the way.  (Are you getting any of this?)

Here’s a quick look at the Q2 financials for Rockwell Automation, reporting on the quarter ending March 31, 2012. (Note, ROK closes their fiscal year on September 30.)


Posted in Benchmark Companies, Market Indicators, Pick.

What do Estonia and Wisconsin have in common?

When government reduces spending, ridicule increases. And citizens have more money.

There was some humor related to a Twitter flare up two weeks ago.

Estonian President Toomas Hendrik Ilves may have become peeved at comments by New York Times columnist Paul Krugman.

At the heart of it, Estonia made large budget cuts, boldly moving the eastern European country from deficit to surplus and stabilizing the country in a precariously teetering Eurozone.

Krugman belittled the accomplishment. Ilves, it seems, personally responded.


Posted in Business Climate, Economy, Employment Scene.

Landmark – Walker Wins Recall Vote

The implications are huge. Cash-strapped governors across the country will take a signal that unions are vulnerable. Presidential campaigns will evaluate their prospects for an Obama-Romney contest this fall.

Scott Walker scored an historic win as the first U.S. governor to ever survive a recall vote.

The Wisconsin debate reflected more than just local issues.  This decision will likely forecast national attitudes on a raging U.S. deficit, as well.


Posted in Economy, Landmark Events.

Honeywell Grows Faster Than Its Markets

Honeywell International (HON 53) is one of the companies we like to use for benchmarking our industry. It’s a controls company, and it’s an exceptionally well run company. HON released financial guidance and held their investor conference call on December 15. Here’s what we learned…

On December 15, Honeywell released very positive guidance, even as it addressed the potential for a global slowdown.


Posted in Benchmark Companies, Business Climate, Pick.