Saturday, October 7, 2017

Sputnik: 60 Years Later, CIA Releases Declassified Documents

Source: Central Intelligence Agency

Washington, D.C. - October 7, 2017 (The Ponder News) -- On 4 October 1957, the Soviet Union successfully launched the Sputnik-1 earth satellite into space—an achievement that stunned the American public and press, but not the U.S. policy and intelligence communities. The Central Intelligence Agency (CIA) reported the advancements that led to this landmark launch to President Eisenhower, providing him with the strategic advantage to guide the U.S. response.

Today, on the 60th anniversary of Sputnik’s first launch, the CIA released a collection of previously classified documents on the Sputnik program. The collection includes CIA’s intelligence and analysis of Sputniks-1, -2, and -3 and the Soviet ballistic missile program from 1955 to the early 1960s. Encompassing 59 documents and 440 pages, the release provides new information to the public, to include memoranda and reports the CIA provided to President Eisenhower, on the Soviet Union’s early space and missile programs.

The entire collection is available here
and joins previous CIA releases that address the arms race during the Cold War, which are available here and here. In addition, to commemorate CIA’s strategic warning contributions about Sputnik, Studies in Intelligence, part of the Center for the Study of Intelligence, published an article, Sputnik and U.S. Intelligence: The Warning Record, available here.

In his public remarks at the fourth annual National Security Conference co-hosted by CIA and George Washington University, CIA Director Mike Pompeo summarized it all by highlighting the release of the Sputnik collection and the fitting theme of the conference, “Achieving Strategic Advantage,” stating, “The timing couldn’t be more fitting, as exactly 60 years ago today, the Soviet Union launched Sputnik-1 into space, stunning the public, but not America’s leaders.”

Implications of new HHS Rule on Little Sisters of the Poor lawsuit

Source: Becket Fund for Religious Liberty

Washington, D.C. - October 7, 2017 (The Ponder News) -- A new HHS mandate announced moments ago now provides an exemption for religious groups, including the Little Sisters of the Poor and other religious charities, while maintaining the existing federal contraceptive mandate for most employers. The interim rule aligns with the Supreme Court’s ruling last year in Zubik v. Burwell that the government cannot fine the religious groups for following their faith.

There will be a press call at noon EST today to discuss the new rule and what it means for the Little Sisters’ ongoing lawsuit.

The following statement may be attributed to Mark Rienzi, senior counsel at Becket and lead attorney for the Little Sisters of the Poor: “HHS has issued a balanced rule that respects all sides– it keeps the contraceptive mandate in place for most employers and now provides a religious exemption. The Little Sisters still need to get final relief in court, which should be easy now that the government admits it broke the law.”

Americans United for Life Asks MD U.S. Attorney to Charge Pregnant Teacher’s Murderer for Homicide of Unborn Baby

Source: Americans United for Life

Baltimore, MD - October 7, 2017 (The Ponder News) -- Following the September murder of Maryland teacher Laura Wallen, Americans United for Life sent a letter to Maryland’s U.S. Attorney asking that he consider following the precedent set by the infamous Laci Peterson case and charge Tyler Tessier, Wallen’s assailant, with the murder of the baby she was 4 months pregnant with under the Unborn Victims of Violence Act.

“The horrible murder of Laura Wallen and her unborn baby have shocked the conscience of Washington area residents, and reminded us of the similar circumstances surrounding the murders of Laci Petersen and her unborn child, Conner, fifteen years ago. While we hope that Maryland will be able to grant justice to Laura’ family for her murder, it appears the state is unable to offer justice for the murder of her baby. AUL’s letter calls upon the United States Attorney’s office in Maryland to consider bringing charges for that murder under ‘Laci and Conner’s Law,’ the Unborn Victims of Violence Act, which allows federal officials to prosecute a defendant for the murder of an unborn victim, regardless of his or her age in the womb,” said Catherine Glenn Foster, President and CEO of Americans United for Life.

Time to enforce antidumping rules against trade violators LG and Samsung

Source: Americans for Limited Government

Fairfax, VA - October 7, 2017 (The Ponder News) -- Americans for Limited Government President Rick Manning today issued the following statement praising the International Trade Commission for finding LG and Samsung in violation of the U.S. antidumping rules:

“Every free trade agreement is dependent on enforcement, otherwise there is no reciprocity. Yesterday, the ITC unanimously found that Whirlpool was damaged by dumping by LG and Samsung in violation of U.S. law and South Korean Free Trade Agreement (KORUS) rules. These agreements must be enforced by the U.S. Department of Commerce in a meaningful way. If trade agreements are going to have any value and be sustainable, all parties must comply with their terms. In order to preserve the legitimacy of the overall KORUS trade deal, LG and Samsung’s repeated failure to follow the trade rules must be subjected to swift and significant sanctions.”

Joint Statement: CFPB Payday Lending Rule Will Disrupt Abusive Lending, Protect Families

Source: Americans for Financial Reform

Washington, D.C. - October 7, 2017 (The Ponder News) -- Consumer and civil rights advocates from around the country representing the Stop the Debt Trap campaign welcomed the Consumer Financial Protection Bureau’s (CFPB) new rule to limit short-term payday and car-title lenders’ ability to trap borrowers in an endless cycle of debt.

The payday lending rule will result in fewer families falling into financial ruin. At the heart of the rule is the common sense principle that lenders check a borrower’s ability to repay before lending money. While praising the CFPB for pushing to stop the debt trap, the coalition calls on the Bureau to build on this progress by quickly working to develop regulations to protect consumers from abusive long-term, high-cost loans. Also, strong state laws, such as rate caps, must continue to be defended and enacted. [Additional background at bottom of release]

Representatives from the Stop the Debt Trap campaign released the following statements:

“This new rule is a step toward stopping payday lenders from harming families who are struggling to make ends meet. It will disrupt the abusive predatory payday lending business model, which thrives on trapping financially distressed customers in a cycle of unaffordable loans,” said Mike Calhoun, President, Center for Responsible Lending. “Today’s rule release was years in the making, and it wouldn’t have been possible without the tireless effort of community and faith leaders, consumer and civil rights advocates, and countless people across the country who organized and worked hard to make their voices heard. We will continue to fight for safeguards that protect families from abusive long-term predatory loans and for state interest rate caps for all loans at reasonable levels of no more than 36 percent.”

“Payday and car title lenders profit from repeatedly dragging hard-pressed people deeper and deeper into debt, and taking advantage of families when they are financially vulnerable. Curbing the ability to push loans that borrowers clearly cannot repay is a key protection, and enshrining and enforcing this rule as federal policy should let Americans keep billions of hard-earned dollars. But more needs to be done to end lending abuses, and we will keep working alongside community leaders and advocates from around the country to fight for interest rate caps, and reforms for predatory longer-term loans,” said Lisa Donner, Executive Director, Americans for Financial Reform.

“Clearly more needs to be done to rein in these uniquely unscrupulous lenders, for example, states can push for interest rate caps to complement the CFPB’s rule and play an even greater role in ensuring consumers do not fall into debt traps. But today’s rule is a step in the right direction, but more can certainly be done to close loopholes and provide more robust oversight, given that a vast majority of Americans support oversight and rules that help protect consumers,” said Janet Murguia, President and CEO, UnidosUS.

“Payday lending is bad for many consumers, but like many predatory scams, it invariably ends up as a weapon against the disadvantaged communities that are least able to bear its terrible burden. It uses the lure of quick cash to trap struggling families in a cycle of debt and slowly drain them of what little money they have. President Trump and Congress should get on the side of civil rights advocates, the religious community, consumer organizations, and the public at large by supporting and strengthening the CFPB’s new rules on payday lending,” said Vanita Gupta, president and CEO, The Leadership Conference on Civil and Human Rights.

“For millions of Americans living paycheck to paycheck, seeking out a loan in a time of need shouldn’t end in financial disaster. The rule is an important step that starts the process of ending the nightmare of spiraling debt for so many consumers,” said Michael Best, Director of Advocacy Outreach at Consumer Federation of America. “But more steps need to be taken by the CFPB and states to protect consumers from the debt trap and stamp out abusive lending practices. We urge states to act quickly to build on this rule with interest rate caps.”

“The consumer watchdog’s payday loan rule takes an important first step by inhibiting lenders from pushing loans that people cannot afford to repay. But state interest rate caps remain critically important as the most effective way to prevent predatory lending,” said Lauren Saunders, Associate Director at National Consumer Law Center.

“People need financial services that build wealth. Payday and car title lenders do the opposite, they bleed dry families and communities that have little to begin with,” said George Goehl, executive director of People’s Action. “At its best the Consumer Financial Protection Bureau is the people’s agency, created to protect everyday people from consumer financial abuse and fraud. We fought to create the CFPB and we are encouraged that they are taking a first step to rein in the worst abuses of this industry. Our members are going to continue fighting for strong consumer protections nationwide”

“With little accountability for their actions, payday lenders have long preyed upon communities of color and drained them of their hard-earned savings. This CFPB rule establishes a much-needed set of transparent responsibilities for lenders and basic rights and protections for borrowers. We will work to defend and strengthen this rule, so Americans face fewer burdens in establishing financial security,” said Hilary O. Shelton, NAACP Washington Bureau Director and Senior Vice President for Policy and Advocacy.

“Payday and auto-title lenders may claim that they are providing a “safety net” to struggling families, but their business models often rely on keeping people in debt, not helping them build assets. For too long, these lenders have profited from predatory business practices that endanger consumers’ economic security. The Bureau’s rule is a commonsense step to help ensure that when a lender makes a short-term loan, the consumer has a reasonable chance of paying it off instead of falling behind,” said Suzanne Martindale, Senior Attorney, Consumers Union.

“This rule is a no-brainer. It simply requires lenders to determine whether a consumer has the ability to repay a loan without hardship or re-borrowing – a requirement that will help stop the debt trap and reduce defaults. The payday lending industry preys on the most vulnerable among us. Now, with this new rule, millions will be spared years of agony perpetrated by payday lenders looking to make a quick buck. Payday lenders have spent millions of dollars currying favor with powerful Washington politicians and they will do whatever it takes to kill this rule and keep this extremely lucrative predatory racket humming. We owe it to every American to remain vigilant and fight any effort in Congress to repeal this rule. We simply cannot allow the debt trap to continue,” said Karl Frisch, Executive Director of Allied Progress.

“The CFPB’s new protections are a good start at helping consumers avoid the long-term pain of payday loan debt traps,” said Linda Sherry, Consumer Action’s director of national priorities. “Finally those who peddle payday, car title & installment loans will be held accountable for their predatory actions masquerading as debt relief.”

“After nearly four years of research, stakeholder and community engagement, including the consideration of more than a million public comments, today’s announcement by the Consumer Financial Protection Bureau moves us one step closer towards ending to debt trap perpetuated by payday and auto-title lenders,” said Andrea Levere, President of Prosperity Now. “We applaud the CFPB for crafting and releasing rules that provide consumers everywhere with much-needed federal protections against a predatory industry that is known for charging high fees and triple-digit interest rates. As the rule now moves towards implementation, we call on Congress to persevere and protect the historic measures the CFPB has put forward today.”

“By issuing this rule, the Consumer Financial Protection Bureau has made it more difficult for payday predators to trap people in financial quicksand. Unfortunately, the payday lending industry is notorious for finding creative ways to get around rules and separate hard-working people from their money. We look forward to continuing to work with the CFPB, Congress, and with state governments to ensure enforcement of this rule and protections against other permeations of abusive loans,” said Seema Agnani, Executive Director, National Coalition for Asian Pacific American Community Development (National CAPACD)

  • At the heart of the CFPB rule is the common sense principle that lenders check a borrower’s ability to repay before lending money. In a recent poll of likely voters, more than 70% of Republicans, Independents, and Democrats support this idea. This requirement ensures that loans are affordable, meaning a borrower can repay without reborrowing and without defaulting on other expenses.
  • Currently, the debt trap is the cornerstone of the payday lending business model – three quarters of all payday loan fees are from borrowers with more than ten loans in the course of a year. The ability-to-pay requirement is a straightforward way to prevent this vicious cycle of debt and support lenders with legitimate business models.
  • Payday lenders have anticipated possible crackdowns on their abusive practices and begun morphing their business plans toward other schemes in order to evade the law, such as offering predatory long-term loans. Despite important progress with today’s announcement, the struggle for financial fairness will continue.
  • Psychiatric Association's Goldwater Rule Remains a Guiding Principle for Physician Members

    Source: American Psychiatric Association

    Arlington, VA - October 7, 2017 (The Ponder News) -- The American Psychiatric Association (APA) today released the following statement regarding The Goldwater Rule:

    “In the past year and a half, there have been numerous news articles and commentaries on The Goldwater Rule. The Goldwater Rule is an ethics principle that guides our physician members not to provide professional opinions in the media about the mental health of someone they have not personally examined and without patient consent or other legal authority. A personal examination includes ruling out physical causes of or other reasons for a behavior. Nothing about the Goldwater Rule discourages psychiatrists from providing education to the public about mental illnesses; in fact, APA encourages psychiatrists to educate the public about the causes, symptoms, and treatment of mental illnesses and substance use disorders.

    The APA would also like to dispel a common misconception about the so-called “Duty to Warn.” The duty to warn is a legal concept which varies from state to state, but which generally requires psychiatrists to breach the confidentiality of the therapeutic session when a risk of danger to others becomes known during treatment of the patient. It does not apply if there is no physician-patient relationship.”

    The American Psychiatric Association, founded in 1844, is the oldest medical association in the country. The APA is also the largest psychiatric association in the world with more than 37,000 physician members specializing in the diagnosis, treatment, prevention and research of mental illnesses. APA’s vision is to ensure access to quality psychiatric diagnosis and treatment.

    ALL President Judie Brown Applauds Contraceptive Mandate Rollback

    Source: American Life League

    American Life League president Judie Brown applauded the Trump administration’s rollback of the Obamacare contraceptive mandate while noting the failed logic of Planned Parenthood’s response to the announcement.

    “Birth control is not healthcare, as Cecile Richards likes to pretend, but rather it is a chemical compound which we call nothing more than a recreational drug. If women desire true health of mind and body, they will be chaste before marriage and faithful after marriage,” Brown stated. “We applaud President Trump for his logical thinking and rolling back the mandate.”

    The American Legion blasts NFL for disrespect

    Source: The American Legion

    Washington, D.C. - October 7, 2017 (The Ponder News) -- The leader of the nation’s largest veterans organization characterized professional athletes and other Americans who fail to show respect for the national anthem as “misguided and ungrateful.”

    American Legion National Commander Denise H. Rohan lamented the politicization of what used to be a display of unity at NFL games and other sporting events throughout the country.

    “The American Legion is one of the original architects of the U.S. Flag Code,” said Rohan, a U.S Army veteran. “That code was produced by 69 patriotic, fraternal civic and military organizations in 1923. It included members of all political parties, big labor, industry, and minorities. The code calls on all present to stand at attention while the anthem is played. It wasn’t political when it was written and it shouldn’t be political today. Having a right to do something, does not make it the right thing to do. We salute Army Ranger Alejandro Villanueva, who stood alone respecting the flag as his teammates stayed in their locker room. NASCAR also deserves credit for their support of our anthem. There are many ways to protest, but the national anthem should be our moment to stand together as one UNITED States of America.”

    With a current membership of two million wartime veterans, The American Legion, www.legion.org, was founded in 1919 on the four pillars of a strong national security, veterans affairs, Americanism, and youth programs. Legionnaires work for the betterment of their communities through nearly 13,000 posts across the nation.

    Treasury Recommendations Would Strengthen Banks’ Role in Financial Marketplace

    Source: American Bankers Association

    “The recommendations in today’s Treasury report are practical, reasonable and achievable. Building on the Treasury’s pro-growth report in June, these recommendations would promote economic growth by enhancing banks’ ability to serve their customers and reinforcing our industry’s role in supporting well-functioning financial markets.

    “Treasury acknowledges the economic benefits gained by better focusing regulatory provisions to make them more workable. Key recommendations include broadening liquidity measures, better aligning capital requirements with securitization risks, facilitating banks’ ability to use swaps to manage their customers’ risks, and bringing more public transparency to global financial standard setting to ensure standards match the realities of U.S. markets.

    “Many of the recommendations in the report would make it easier to raise capital, meet the needs of bank customers operating domestically and abroad, and focus regulatory processes on effective supervision without harming the economy. We encourage policymakers to take up these recommendations quickly, and look forward to working with them to ensure banks can continue to help our customers and the economy grow.”

    Related News:

    Read the Treasury Press Release about the report HERE

    ICBA Backs Bill Alleviating Harm from Preemption Ruling

    Source: Independent Community Bankers Association (ICBA)

    Washington, D.C. - October 6, 2017 (The Ponder News) -- ICBA and other organizations expressed support for legislation to codify the longstanding legal principle that if a loan is valid when it is made with respect to its interest rate, then it does not become invalid or unenforceable when assigned to another party.

    The “valid-when-made” doctrine was undermined by the Madden v. Midland Funding case, in which the Second Circuit decided that state usury laws apply to debt purchased from a national bank.

    The Protecting Consumers’ Access to Credit Act of 2017 (S. 1642 and H.R. 3299) would alleviate the uncertainty that ruling injected into the secondary markets for consumer and commercial credit, which has resulted in increased costs and decreased competition.

    The bill was introduced by Sens. Pat Toomey (R-Pa.) and Mark Warner (D-Va.) and Reps. Patrick McHenry (R-N.C.) and Gregory Meeks (D-N.Y.).

    ICBA has long supported the bill and disagrees with the Second Circuit ruling, arguing in a 2015 amicus brief that the decision conflicts with established precedent that preemption rights are not extinguished when banks sell or assign loans to another party.