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Posts Tagged ‘shut down’

U.S. Government Shuts Down Online Poker Sites

In News, NWO on April 19, 2011 at 1:49 AM

Federal authorities have unshielded an indictment against the founders of the three largest Internet poker companies operating in the U.S. The indictment charges 11 defendants, including the founders of PokerStars, Full Tilt Poker, and Absolute Poker/Ultimate Bet with bank fraud, money laundering, and illegal gambling offenses.

The federal government is getting serious about cracking down on online gambling, with 2009 revenue from U.S. players to be an estimated $5.4 billion. So is the federal government missing out on potential tax revenue, and what’s the future of the online gaming industry? Fox Business Network’s Adam Shapiro reports live from the Foxwoods Resort Casino in Connecticut.

Obama’s justice department led a massive crackdown on online poker sites, with the FBI indicting 11 people on charges of fraud, money laundering and illegally operating online gambling sites. The websites include three of the largest and most popular online poker forums, Full Tilt, Absolute Poker, and Poker Stars. Cato’s Julian Sanchez weighs in on the sudden crackdown.

Led by US attorney Preet Bharara, the so-called “anti-poker crusades” have sparked debate over the government’s role in online gambling. Protesters dispute poker’s classification as gambling, saying it is a game of skill, not just luck.

According to John Pappas, executive director of the Poker Players Alliance, poker is not an illegal activity — it is a legitimate business.

“The reality is, we don’t believe poker to be gambling, therefore the activities surrounding it shouldn’t be viewed as covering up some sort of illegal gambling activity.”

Cenk Uygur and Ana Kasparian discuss the real motives behind the U.S. government cracked down on several large internet poker websites and players.

U.S. Federal Government Possible Shutdown Today

In News, NWO on April 8, 2011 at 1:59 PM

Presentation explaining the U.S government debt ceiling.

Video summary of the U.S. Federal government budget battle and events leading up to today.

Obama’s Speech on Shutdown

Estimates say a Federal government shutdown could cost billions or 1% of GDP.

Interviewed on the Dylan Ratigan show, Ron Paul gives his opinion on the U.S. Federal government budget crisis.

At a town hall meeting held by Rep. Jim Moran, a Wayne Tunick, a U.S. military veteran, grilled him about the stalled budget talks on the Hill and how a government shutdown would impact America’s troops.

Interview with veteran who asked Rep. Jim Moran a question about how a government shutdown would affect the troops. Moran replied telling the man to shut up and sit down.

UPDATE:

Speaker of the House John Boehner announced that an agreement has been met through both houses and the president to cut spending allowing the government to remain open.

Speaking on the Senate floor late Friday, Majority Leader Harry Reid called the negotiations process “grueling.”

“We didn’t do it for drama,” he said of the late hour. “We did because it was very hard to get to this point.”

Reid said $78.5 billion would be cut from the budget and said a second agreement was reached on controversial policy measures.

President Obama said a last-minute deal with congressional leaders to avoid a government shutdown happened because “Americans of different beliefs came together.”

Obama’s Speech on Shutdown

In News, NWO on April 8, 2011 at 9:01 AM

President Barack Obama speaks on the last evening of negotiations prior to a day of uncertainty for 800K government workers.

This comes at a point in time where Obama is trying to build momentum to be re-elected for a second term.

Related Link: U.S. Federal Government Possible Shutdown Today

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