Tag Archives: US Federal Reserve

False Jobs Report: Sen. Coats Calls for Investigation

24 Nov

by Ken Davidson

Citing “serious trust issues”, Senator Dan Coats has penned a letter to the heads of Commerce, Labor and Securities requesting a full investigation. The scandal comes after a Philadelphia area employee alleges he was told by a supervisor to submit false numbers. The New York Post alleges the scandal goes straight to now Chicago Mayor Rahm Emmanuel. The reports allegedly caused the official unemployment numbers to drop below 8% in the weeks prior to the 2012 elections providing Americans with a sense that the economy was doing better than it actually was.
 

This is a serious allegation that can have serious impacts on our
economy and our markets. The monthly jobs report provides critical data
that influences markets, industry and Federal Reserve policy. As the
ranking member of the Joint Economic Committee and a member of the
Commerce Committee, I am calling for an investigation into this matter.

One of the jobs reports in question, released in October 2012 just
ahead of the presidential election, showed that the unemployment rate
had dropped sharply from 8.1 percent to 7.8 percent even though the
economy had added only 114,000 jobs.

This administration has a serious trust deficit with the American
people. From Benghazi to the IRS enemies list and most recently, the
many broken promises with Obamacare, we have seen an alarming pattern
of a lack of transparency and a lack of accountability from this
administration.

These recent allegations regarding the jobs report only add to the
mistrust the American people have of this administration.

Jesse Jackson Jr. Reports to Prison

28 Oct

by Ken Davidson

 

Jesse Jackson, Jr. is officially inmate number 32451-016.  Jackson reported to prison without media attention today and is reportedly at the Butner Federal Prison.  Butner is a considered a “club fed” prison which is low security.  Jackson will be released from prison in about 20 months and then will be required to live for a period in a halfway house.  Sandy Jackson is scheduled to report to prison after Jesse Jackson, Jr. is released to assure that there is a parent available to care for the children.

11. JESSE L JACKSON JR 32451-016 48-Black-M UNKNOWN

Pizza Hut in Hammond reports receiving counterfeit money

21 Oct

The Pizza Hut restaurant on Indianapolis Boulevard in Hammond reported receiving counterfeit bills over the weekend. Counterfeit bills sometimes go through the system undetected and, as consumers, we must be careful not to accept counterfeit bills as change. If you get a questionable bill contact local police immediately. If you pass a counterfeit bill, even inadvertantly, you may be liable for civil damages. Intentional passing of counterfeit bills is, of course, a felony.

The US Secret Service offers the following tips for detecting counterfeit bills:

Portrait

The genuine portrait appears lifelike and stands out distinctly from the background. The counterfeit portrait is usually lifeless and flat. Details merge into the background which is often too dark or mottled.

Federal Reserve and Treasury Seals

On a genuine bill, the saw-tooth points of the Federal Reserve and Treasury seals are clear, distinct, and sharp. The counterfeit seals may have uneven, blunt, or broken saw-tooth points.

Border

The fine lines in the border of a genuine bill are clear and unbroken. On the counterfeit, the lines in the outer margin and scrollwork may be blurred and indistinct.

Serial Numbers

Genuine serial numbers have a distinctive style and are evenly spaced. The serial numbers are printed in the same ink color as the Treasury Seal. On a counterfeit, the serial numbers may differ in color or shade of ink from the Treasury seal. The numbers may not be uniformly spaced or aligned.

Paper

Genuine currency paper has tiny red and blue fibers embedded throughout. Often counterfeiters try to simulate these fibers by printing tiny red and blue lines on their paper. Close inspection reveals, however, that on the counterfeit note the lines are printed on the surface, not embedded in the paper. It is illegal to reproduce the distinctive paper used in the manufacturing of United States currency.

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