The Securities and Exchange Commission is preparing to investigate the State of California for alleged failure to disclose information on its enormous public pension fund. The Golden State will be the second ever to have enforcement actions taken against it by the SEC, after New Jersey was charged with securities fraud last year. The SEC is attempting to make the case that California’s public pension funds were a risky investment and that California misled the investors about the risk. If the SEC is able to prove their case, it may have an impact on the financial reporting of other public funds. The New York Times reports:
Justice, like every other part of ordered liberty in our Constitution, must be dispassionate and free from politics. Sadly, the politicization of everything is demanded by Marxism. “Science” becomes one of the secular gods of Marx. “Victims” fall into a second precious category. Many decades ago we were solemnly assured that “Science” would fulfill our every human desire. It began to replace more sober ideas like wisdom, justice, and truth.
A Texas man is finally free after serving 30 years in prison for a crime he did not commit. Dallas County Judge Don Adams this week declared Cornelius Dupree, Jr., 51, innocent of rape and robbery because recently obtained DNA testing proves he could not have been involved.
The Cincinnati Enquirer reported on Dec. 30 that 52-year-old Ohio resident John Harmon is suing the Hamilton County sheriff’s department and four deputies for civil rights violations after an October 2009 traffic stop turned violent. The stop quickly escalated into an abusive incident in which Harmon was seriously beaten and his property damaged.