Month: March 2013
“The Rise of Crony Capitalism” by Peter Schweizer
The Lamborghini dealership isn’t happy with business in Washington DC not because they aren’t selling lots of cars, but because unlike in Beverley Hills or South Beach, Washington DC buyers pay cash. No financing deals.
California Taxpayers Played for Chumps? Most of New Tax Increase Goes to Govt Employee Pensions
California is so beautiful. There was a time when people dreamed of moving there. Now people are trying to get out. At least many of the people in private industry. The Golden State is golden no longer.
Fascinating: A New Map Of The US, Created By How Our Dollar Bills Move
A theoretical physicist used data readily available on the Internet to track the general movement of cash in America. What he identified were clear areas of economic influence, city-states within the United States.
Regulations, More Often Than Not Help Established Industries Kill Competition and Innovation.
I know, I know, we’ve been told all our lives that the mounds of regulations business must deal with (and the consumer must pay for) are there for our protection. That if it were not for these laws, children would...
Dept of Justice Tries to Turn FedEx and UPS into Cops, Big Pharma Applauds
The Department of Justice and the pharmaceutical industry are not keen on pharmaceutical mail order. According the the DOJ the concern is that people are ordering illegal drugs through the mail from overseas pharmacies. No doubt this is true.
Lanny Breuer Leaving DOJ for $4 Million/Year Job at Eric Holder’s (old and likely future) Law Firm
Man, that revolving door just keeps on turning. I am so glad to hear that the guy who deemed HSBC too “big to jail” is going back to be a white collar defense attorney. That he’s going back to defend the banks....
How the “Monsanto Protection Act” became law (but it appears only for 6 months)
Monsanto gets a pretty bad rap. Much of it entirely deserved, some not deserved. But getting a limit of GMO liability of $0 passed through Congress via back channels doesn’t look very good. It’s pretty sketchy actually.
People opt Out Of the Troubled Economy In Italy, Alternative “Commune” thrives, Has own Currency
It’s not surprising that the Damanhur “commune” is growing. People are tired. Young people are jobless. New solutions are being considered. New ideas tried.
BRICS Countries Get Together to Establish New Global Bank, Non-Dollar Trade Relationships
One of the reasons we’ve been able to run the deficits we have and accumulate the $17 trillion in debt that we have is because the US enjoys the reserve currency of the world. The dollar is used worldwide, and the...
At This Moment: Chinese Banks Are Being Hammered, Real Estate in the Ultimate Crony Capitalist State is Ugly
We have for a long time writen about the property bubble in China. The Chinese real estate system is driven by decrees from Beijing which then tumble down to the local level. Prices are often tossed aside for political reasons....
Think Tanks Vs. Crony Capitalism
The battle has many fronts. Attached is an article by Alejandro Chafuen at Forbes who discusses some of the organizations fighting crony capitalism around the world. He suggests that one of the think tanks involved in the fight develop an index...
After Cyprus, Euro Zone Will Slip Into Depression
The author predicts full blown depression in the eurozone by Fall.
Red Light Cameras Mean Big Revenue For the Companies Which Run Them
Earlier this year we highlighted the Redflex scandal in Chicago and the abuse of the motorist at the hands of robot cameras elsewhere. Abuse is rampant and companies are making big bucks ticketing citizens. In some cities the company maintaining...