In our latest Liberty Update we highlighted in "10 Years After Katrina, Failed Global Warming Prophecies…
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Apocalypse Not, Cont'd: In 2008, ABC News Aired Some Amusing Climate Catastrophe Visions for 2015

In our latest Liberty Update we highlighted in "10 Years After Katrina, Failed Global Warming Prophecies Accumulate" how global warming alarmists continue to rely on predictions of imminent doom, despite the fact that their record of prediction is one of failure after failure.

Add another glaring and amusing example to that list.  In 2008, ABC News ran a "news" feature entitled "Earth 2100."  It's worth watching the 9-minute clip, which suggests such possibilities as milk at $12.00 per gallon and gas at $9.00 per gallon, as recalled by The Daily Caller:

Newsbusters notes that then GMA anchor Chris Cuomo, who teased the special at the time, said to [Bob] Woodruff of the predictions, 'I think we're familiar with some of these issues, but boy, 2015?  That's seven years from now…[more]

September 01, 2015 • 09:22 am

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CFIF Files Amicus Brief Against Treasury Department’s Illegal Seizure of All Fannie Mae/Freddie Mac Net Profits Print E-mail
Tuesday, July 07 2015

The Center for Individual Freedom yesterday filed an amicus brief in the United States Court of Appeals for the District of Columbia Circuit in the case of Perry Capital LLC v. Lew.

The brief, authored by Myron T. Steele, the former Chief Justice of the Delaware Supreme Court and now a partner at the Delaware law firm of Potter Anderson & Corroon LLP, was filed in support of private stockholders of Fannie Mae and Freddie Mac who effectively lost all value in their shares when the government opted for a conservatorship that granted the Treasury Department senior preferred stock status that allows for a “Net Worth Sweep” of the corporations’ net profits in perpetuity.

The brief demonstrates that “[t]he ‘Net Worth Sweep’ is unenforceable and void ab initio under Section 151 of the Delaware General Corporation Law.”  In addition to discussing how the Net Worth Sweep is invalid, the brief reminds the court of protections under Delaware law that preclude preferred stockholders from obtaining a perpetual claim on all the residual earnings of the companies to the exclusion of common stockholders.

The amicus brief can be found here (PDF).

 


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Question of the Week   
A Louisiana second-grader wrote to First Lady Michelle Obama with regard to which one of the following school lunches that had changed under new federal nutrition requirements?
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Quote of the Day   
 
"Government officials need some modicum of privacy to get work done. But this Administration's evasion goes way past a reasonable standard of conduct. Why shouldn't the public conclude that officials serving in the Obama Administration are flouting the disclosure system because they are engaged in practices they wish to hide from public knowledge and debate? President Obama favors government by executive…[more]
 
 
—The Editors, The Wall Street Journal
— The Editors, The Wall Street Journal
 
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Do you believe that Vice President Joe Biden’s willingness to consider a presidential run is because he knows more than the public knows about the content of Hillary Clinton’s emails?