Nashville attack renews calls for assault weapons ban – data shows there were fewer mass shooting deaths during an earlier 10-year prohibition

  The shooting deaths of three children and three adults inside a Nashville school has put further pressure on Congress to look at imposing a ban on so-called assault weapons. Such a prohibition would be designed to cover the types of guns that the suspect legally purchased and used during the March 27, 2023 attack.

  Speaking after the incident, President Joe Biden issued his latest plea to lawmakers to act. “Why in God’s name do we allow these weapons of war on our streets and at our schools?” he asked.

  A prohibition has been in place before. As Biden has previously noted, bipartisan support in Congress helped push through a federal assault weapons ban in 1994 as part of the Violent Crime Control and Law Enforcement Act.

What does ‘moral hazard’ mean? A scholar of financial regulation explains why it’s risky for the government to rescue banks

  “Moral hazard” refers to the risks that someone or something becomes more inclined to take because they have reason to believe that an insurer will cover the costs of any damages.

  The concept describes financial recklessness. It has its roots in the advent of private insurance companies about 350 years ago. Soon after they began to form, it became clear that people who bought insurance policies took risks they wouldn’t have taken without that coverage.

Separate money and the state

  The United States once had the finest monetary system in history. It was a system that the U.S. Constitution established. It was a system in which the official money of the United States consisted of gold coins and silver coins.

  We often hear that the “gold standard” was a system in which paper money was “backed by gold.” Nothing could be further from the truth. There was no paper money in the United States. That’s because the Constitution did not empower the federal government to issue paper money. It also expressly prohibited the states from issuing paper money.

North Korea signals more provocations, tensions

  North Korea has issued a series of truculent missives warning of dire, though unspecified, military actions in an attempt to intimidate the U.S. and its allies into canceling planned military exercises.

  Pyongyang responded strongly last year when Washington and Seoul restored large-scale military exercises and resumed deployment of nuclear-capable strategic assets after a four-year hiatus.

Federal judge rules that Alabama laws criminalizing homelessness are unconstitutional

  A federal judge has issued a permanent injunction against the enforcement of Alabama statutes that criminalize soliciting donations and begging, ruling that the laws violate the First Amendment’s protection of free speech.

  “We are pleased that the court chose to permanently enjoin the state’s solicitation statutes,” said Micah West, senior staff attorney for the Southern Poverty Law Center’s Economic Justice Project. “Criminalizing people for asking for help further disenfranchises those who are already facing economic hardship. The U.S. Supreme Court has held that the First Amendment covers ‘charitable appeals for funds.’”

Why it’s hard for the US to cut or even control Medicare spending

  President Joe Biden’s 2024 proposed budget includes plans to shore up the finances of Medicare, the federal health insurance program that covers Americans who are 65 and up and some younger people with disabilities.

  His administration aims to increase from 3.8% to 5% an existing Medicare tax that’s collected on the labor and investment earnings of Americans who make more than US$400,000 annually. It also aims to reap some savings from having the government negotiate prices on more prescription drugs.

Here’s what to do when you encounter people with ‘dark personality traits’ at work

  Have you ever suffered through tales of greatness from a self-absorbed “friend” who reminds you of Michael Scott from “The Office” – and not in a good way? Have you been betrayed by a colleague out of the blue, undermined on a project by the office mean girl, or had a work friendship dropped altogether without explanation?

  If any of these scenarios sound familiar, you may have been dealing with someone who has what psychologists term a “dark personality.” These people score higher on three socially undesirable traits: narcissism, psychopathy, and Machiavellianism.

Should the US ban TikTok? Can it? A cybersecurity expert explains the risks the app poses and the challenges to blocking it

  TikTok CEO Shou Zi Chew testified before the House Energy and Commerce Committee on March 23, 2023 amid a chorus of calls from members of Congress for the federal government to ban the Chinese-owned video social media app and reports that the Biden administration is pushing for the company’s sale.

  The federal government, along with many state and foreign governments and some companies, has banned TikTok on work-provided phones. This type of ban can be effective for protecting data related to government work.

Why SVB and Signature Bank failed so fast – and the US banking crisis isn’t over yet

  Silicon Valley Bank and Signature Bank failed with enormous speed – so quickly that they could be textbook cases of classic bank runs, in which too many depositors withdraw their funds from a bank at the same time. The failures at SVB and Signature were two of the three biggest in U.S. banking history following the collapse of Washington Mutual in 2008.

  How could this happen when the banking industry has been sitting on record levels of excess reserves – or the amount of cash held beyond what regulators require?

I went to CPAC to take MAGA supporters’ pulse – China and transgender people are among the top ‘demons’ they say are ruining the country

  In early March 2023, I mixed with the Make America Great Again faithful at the annual Conservative Political Action Conference – a popular meeting, often known as CPAC, for conservative activists and political figures.

  I walked, ate, and sat with the attendees at the National Harbor in Maryland over the course of four days. Many of them were dressed in MAGA and pro-Trump gear such as sequined hats and shirts that said things like “Trump won” the 2020 election. A few had tattoos of Trump’s face.