Someone is BREAKING THE LAW ...... BIG TIME !!!!
"The Carolina Journal, published by the Raleigh-based John Locke Foundation (for which I’ve given paid speeches on occasion) reports that staffers in North Carolina Governor Beverly Perdue’s office have been getting advance word on monthly unemployment statistics from the U.S. Department of Labor’s Bureau of Labor Statistics. This is highly illegal under federal law and violates what I have understood to be a strong tradition in the BLS and other government statistics that no one—no one at all, not even in the White House—gets advanced word ahead of the public announcement of government statistics.
There’s obviously good reason for this: someone with advanced word could place bets in financial and community markets and make lots of money. That’s why Congress provided for penalties of up to five years in prison and a $250,000 fine for early release of this data."
[Washington Examiner]
There’s obviously good reason for this: someone with advanced word could place bets in financial and community markets and make lots of money. That’s why Congress provided for penalties of up to five years in prison and a $250,000 fine for early release of this data."
[Washington Examiner]
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