“If you want a UN on steroids, you want the Law of the Sea Treaty,” then-Senate Minority Whip Trent Lott (R-Miss.) declared in a 2007 news conference. The treaty, Lott explained, “undermines U.S. sovereignty,” “would create a huge UN bureaucracy” to rule the U.S. private sector and military, “would undermine U.S. military and intelligence operations,” and “would be a huge problem in terms of navigational rights.” Five years later, however, the man who once claimed that Senate ratification of LOST would “cede our national sovereignty — both militarily and economically,” is lobbying that very body to approve the treaty.

Clashes between supporters of Ron Paul and Mitt Romney brought chaos to the state Republican Conventions in Oklahoma and Arizona. 

Ron Paul announced on Monday that the focus of his campaign for the remainder of the race will be the delegate strategy. Unfortunately, the campaign seems to have resigned itself to the inevitability that Mitt Romney will secure the GOP nomination, and hopes to secure enough delegates to help rewrite Republican Party rules and the party platform at the August convention.

JPMorgan Chase's $2 billion trading loss has predictably generated calls for more bank regulation. But one free-market advocate, Dan Amoss of the Daily Reckoning made this suggestion: "Here’s an idea: it’s called 'capitalism.' Take away the subsidies and bailouts for banks, along with the regulatory red tape. If they want to blow themselves up, fine — but losses would fall on the risk managers making those decisions and bank shareholders, not taxpayers or depositors…."

As the National Defense Authorization Act (NDAA) for Fiscal Year 2013 comes before the House of Representatives, Congressmen Adam Smith and Justin Amash offer an amendment forbidding indefinite detention.

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