ACC Archives

Month: January 2019
Has Amazon’s Crony Capitalism Finally Gone Too Far?

The $10 billion Department of Defense cloud computing contract that was awarded to Amazon is so blatantly crony capitalism the Pentagon is reviewing the contract. (From The Heartland Institute) “The Pentagon is reviewing whether Amazon Web Service created a conflict...

Stop Stadium Subsidies

Team owners and politicians are the winners and taxpayers are the losers when it comes to public subsidies for sports stadiums.

Is Government Bureaucracy Killing America?

The federal government’s inability to get things accomplished is blamed on bureaucracy and ineptitude in Washington, but they’re just symptoms of crony capitalism – the real problem.

Civil Asset Forfeiture Just Legalized Stealing?

Most people would call taking someone’s cash and property stealing, unless of course it’s the police doing the taking, then it’s called civil asset forfeiture. (From Reason) The news outlets scoured roughly 3,200 civil asset forfeiture cases across South Carolina....

Speaking of Cronyism

Boeing held an executive retreat where former President Obama stopped in to give an informal address, generously waiving his normal speaking fee – but after first accepting a $10 million donation from Boeing towards his presidential library. (From Politico) Contributions...

European Powers Launch Mechanism for Trade with Iran

(From Reuters) France, Germany and Britain have set up a European mechanism for non-dollar trade with Iran to avert U.S. sanctions, although diplomats acknowledged it is unlikely to yield big commercial transactions Tehran says it needs to keep a nuclear...

China to Combine QFII, QFII Schemes, Expand Foreign Investment

(From Reuters) China further deregulated its capital markets on Thursday, saying it would ease foreign institutions’ access by combining two inbound investment schemes, while broadening their investment scope to include derivatives, bond repurchases and private funds. . . . The...

Oil Prices Rise Amid Ongoing Concern about Venezuela

(From UPI) Crude oil prices rose Wednesday amid expectations that Venezuelan oil shipments would see some disruption following U.S. sanctions, while traders awaited news later in the day regarding recent U.S. inventory levels and possible interest rate changes. . ....

Senate Admonishes Trump on Syria

(From The Hill) Senate Republicans joined Democrats in offering a direct rebuke Thursday of the administration’s Syria policy, marking the first time during the new Congress that the GOP caucus has formally broken with President Trump. Senators voted 68-23 to...

Facebook Pays Teens to Install VPN That Spies on Them

(From TechCrunch) Desperate for data on its competitors, Facebook has been secretly paying people to install a “Facebook Research” VPN that lets the company suck in all of a user’s phone and web activity, similar to Facebook’s Onavo Protect app...

Brexit Brinkmanship: UK Demands Deal Change, EU Says “No”

(From Reuters) British Prime Minister Theresa May was on a collision course with the European Union on Wednesday after lawmakers demanded she renegotiate a Brexit divorce deal that the other members of the bloc said they would not reopen. Less...