The price of bitcoin has stabilized around $650, but the future of the digital currency is still hazy. Horizons columnist Michael Casey says digital currencies have a future, but it may not be the future you think. Photo: Getty Images.
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Initial claims for jobless claims benefits, a measure of layoffs, decreased by 3,000 to a seasonally adjusted 336,000 in the week ended Feb. 15. Barron’s Brendan Conway discusses what the numbers mean on the News Hub. Photo: AP.
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Asian markets declined after the Fed announced a pullback on its bond-buying program, the second time in six weeks. The WSJ’s Deborah Kan speaks with Jake Lee about the ripple effect it has had on global markets.
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As emerging markets roil U.S. stocks, will the Fed’s decision rattle or soothe markets? Quincy Krosby, Prudential Financial market strategist and WSJ’s Spencer Jakab discuss. Photo: AP.
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U.S. stocks are selling off Friday morning joining a two-day drop around the globe. Kaitlyn Kiernan joins Lunch Break with three things to know about the selloff and what is driving it. Photo: Getty Images.
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With gains of more than 30% for many financial stocks so far this year, the sector has given many traditional value investors vertigo. David Reilly explains why investors should look closer at the gains.
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Sterne Agee Chief Economist Lindsey Piegza joins MoneyBeat to discuss how the Fed might devise that won’t negatively impact the market.
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Sterne Agee Chief Economist Lindsey Piegza joins MoneyBeat to discuss how the Fed might devise that won’t negatively impact the market.
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The September jobs report may be delayed because of the government shutdown, but the Fed still has very important decisions to make based on the state of the economy, which is still in tenuous recovery mode. Sudeep Reddy and Phil Izzo discuss. Photo: Getty Images.
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Is there a disconnect between the markets and the Federal Reserve? The markets may not have fully baked in the data the Fed has in its hands to cause it not start tapering its bond buying. Rex Maxey, Wilmington Trust chief investment officer, joins MoneyBeat. Photo: AP.
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Do you really believe the outlook for corporate earnings suddenly became much brighter just because Larry Summers is no longer in the running to succeed Fed Chairman Ben Bernanke? If so, Marketwatch’s Mark Hulbert has a bridge he wants to sell you. Photo: AP.
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Amid all the talk of Federal Reserve tapering, one thing is pretty clear: central banks worldwide–both in the developed world and in emerging markets–are, above all, determined to support asset prices. At least until inflation bites. Alan Mattich reports on MoneyBeat. Photo: Getty Images.
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As banks compete for affluent borrowers, an odd trend has emerged in the mortgage market: rates on loans for pricey homes — “jumbo” mortgages — have dropped below those for smaller mortgages. Nick Timiraos explains on the News Hub. Photo: Getty Images.
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Texas Rep. Sheila Jackson Lee reintroduced a bill on the House floor Wednesday that will prohibit states from having “Stand Your Ground” laws, and require neighborhood watch programs to register with local law enforcement and the Department of Justice. States that fail to follow these guidelines will be penalized by a 20 percent cut in federal funding.
According to Jackson Lee, “We will … decrease the incidence of gun violence resulting from vigilantes by reducing by 20 percent the funds that would otherwise be allocated … to any state that does not require local neighborhood watch programs to be registered with a local [law] enforcement agency.”
The Justice Exists for All of Us Act would require that states change Stand Your Ground Laws to Duty to Retreat. In other words, if a person is found in a situation in where they feel threatened, they will not be allowed to use force unless they have first “retreated” or tried to avoid an escalating situation by removing themselves from the location.
In other words, the person must avoid conflict with their aggressor by “retreating” in order to be justified in using force, even if the person has every right to be in that place to begin with. The aggressor then must follow and continue to initiate threatening behavior for the person to use force. Even then, the person still has the burden of proving that they were justified in that use of force.
Currently, Stand Your Ground laws allow for the use of force when one’s life is threatened provided that person has a lawful right to be in the location.
However, laws vary tremendously from state to state and while some laws are more specific, some leave gray areas that are ultimately interpreted by either a judge or jury.
The proposed act would also require that the establishment, organization or operation of a neighborhood watch program be registered with local law enforcement and the DOJ. Additionally, anyone who participates in such watch programs must also be registered within the same system.
While some neighborhood watch programs already work closely with local law enforcement, others do not. There are no strict and rigid rules and regulations for establishment or participation in neighborhood watch programs, as they were originally introduced as a way of neighbors simply looking out for neighbors. Additionally, in many areas, especially those riddled with high crime or rural locations, law enforcement is already stretched thin. Many of these areas simply do not have the extra resources to work with neighborhood watch programs to ensure that they are up to Jackson Lee’s standards.
The bill was originally introduced by Jackson Lee in June of last year in a previous session of Congress, but it has yet to be enacted. The proposed legislation was drafted as a result of the shooting of Trayvon Martin by neighborhood watch coordinator George Zimmerman.
Although Zimmerman was recently found not guilty on both murder and manslaughter charges, the case has thrown Stand Your Ground laws into the media and political spotlight, regardless of the fact that such laws had no effect on the case, as it was essentially a matter of self-defense, not Stand Your Ground.
While this fact was pointed out to Jackson Lee, her press secretary Mike McQuerry stated, “She just thinks it’s the right time to pursue it now.”
“Let’s speak to the pain of the American people,” Jackson Lee reiterated. “Let’s look at ways of fixing the law.”
But is the Stand Your Ground law broken and something that’s in need of fixing? That depends on who you ask.
Attorney General Eric Holder, who believes Martin was unlawfully murdered by Zimmerman as a result of racial profiling, agrees with Jackson Lee’s thinking, and feels that Stand Your Ground laws need to be repealed.
“We must confront the underlying attitudes, the mistaken beliefs and the unfortunate stereotypes that serve too often as the basis for police action and private judgments. Separate and apart from the case that has drawn the nation’s attention, it’s time to question laws that senselessly expand the concept of self-defense and sow dangerous conflict in our neighborhood,” Holder said earlier this month.
But what Jackson Lee and Holder have yet to publicly address is that the black community has actually benefited from the Stand Your Ground laws at a disproportionate rate, at least in the state of Florida anyway.
Guns.com