FCC versus Your Health

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Will the FCC under “Net neutrality” kill an important and promising area of innovation in medicine, “mobile medicine”?

The FCC may not kill such innovation completely but it may slow it down, likely by a lot. This is a particular shame as the people who may benefit most from “mobile medicine” are the poor and otherwise isolated and marginalized.

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Lobbying firm has you covered no matter who’s in power

We say often that fundamentally there is little real difference between the establishments in the Democratic and Republican parties. The below graph sums it up pretty well.

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So it makes sense to have a lobbying firm which is comfortable dealing with whomever. Because in the end, Republican or Democrat it really does come down to just getting paid.

(From The Intercept)

The founders of Rokk Solutions, a new political consulting firm that serves corporate trade associations and other lobbying ventures, offer their clients an unusual value proposition: whichever party triumphs, they’ll have had a hand in a big-money group that can claim victory.

While bipartisan political consulting firms are a dime a dozen in Washington, D.C., what makes Rokk noteworthy is that it is comprised of campaign operatives with major roles in two big-money groups — one Democratic, one Republican — expected to play major roles in the 2016 elections.

Click here for the article.

Bill Clinton tried to line up a speech for big money in NORTH KOREA while Hillary was Secretary of State?

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It didn’t happen. Looks like someone figured out it might not look so good.

Perhaps Bill was getting the lay of the land for Dennis Rodman’s later trip to the hermit people’s republic.

In fairness Pyongyang in the spring is lovely we hear.*

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The counter summit to the Fed meeting in Jackson Hole

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Calls to reform, audit, and even eliminate the Federal Reserve have been growing in recent years. We certainly call for an end to the Fed and I encourage anyone interested in monetary policy and the Federal Reserve to read Free Prices Now by ACC co-founder Hunter Lewis. Hunter is a scholar of the highest order and a remarkably successful financier. If you want to understand the sins of the Federal Reserve read his book.

But many people already understand the sins of the Fed and many of these people gathered in a counter summit to the party the Federal Reserve was having this week in Jackson Hole Wyoming. One of the people criticizing the Fed was Benn Steil who, believe it or not, is a director of international economics at The Council on Foreign Relations.

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UC-Davis backs down from threatening Ayn Rand club with ‘criminal punishment’

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We’re not Randians here though we have respect for Ayn Rand and her thinking. Regardless, below is a good lesson for just about any student group which feels it is being harassed by a college administration completely unjustly (as was the case here). Political correctness and the conformist thinking which is widespread on American campuses today isn’t just going to go away. It has to be fought.

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The long, slow death of the rule of law in America

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The rule of law (and not man or woman) is vital to a free society. If might makes right there is little room to do business, to invest, to build wealth, to be secure in one’s person, to be an actualized human being. If contracts can be dismissed and government officials and their cronies (in government and the nominal “private sector”) can do as they please because of their connections, we have a problem. And that is what we have now, and it’s getting worse.

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China likely to drag the world into global recession, Citigroup says

Actually not totally true.

Actually not totally true.

China is, as we say, The Ultimate Crony Capitalist State. Business and government are an amalgam. Long a crony paradise where a premium was placed on compliance and government favor and not on real pricing.

It looks like reality is finally starting to hit however.

About 6 months ago I was talking to a China energy markets analyst and he explained the complexities of implementing a carbon tax regime in the country to me. One bit I found particularly interesting. He explained that no one knew what the real price of energy coming from a particular plant actually was. A mandate from Beijing had been handed down, that energy would cost X amount, and that was the number used for “business.” Everyone knew the official price was way below the actual market rate but it sounded like no one really knew what the market rate was.

One can’t keep running a country like this. One must have real pricing for long term prosperity. The problem is that real pricing can create problems for the political establishment, anywhere, but particularly in China.

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Hampton Police Shut Down Jerry Seinfeld’s Charity Lemonade Stand

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We’ve run a number of lemonade stand bust stories over the past few years. Seems this wonderful lesson in entrepreneurialism, almost an American right of passage, always seems to rub someone the wrong way these days. Which is just sad.

And I’ll say it. If you call the cops on a lemonade stand you are a horrible person. You like making little kids cry.

In the Hamptons not even Jerry Seinfeld can get away with selling unlicensed sugar water, even if the proceeds are going to charity. The lemonade brigade is always watching…

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Welfare Is the Highest Paying Entry-Level Job in 38 States

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If one is trying to get people employed incentivising unemployment isn’t wise. It is however politically great for those who are for a large government. So long as the main part of a person’s income comes from welfare one can rest reasonably assured that such a person will vote for more government.

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The Struggles of New York City’s Taxi King

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He wanted a bailout because Uber and Lyft have hammered his business. He leveraged himself to the hilt financing more taxi medallions than he should have and now he’s crying in his beer because he is losing business and medallion prices are tanking. Boo hoo, he wants his government protected monopoly to remain insulated. Unfortunately for him the market has come calling and creative destruction is doing its thing. Even Freidman’s new crony buddy, Mayor DeBlasio probably wont be able to save him.

Uber is just better than taxis. It’s as simple as that. The taxi companies should either evolve and compete or they should close shop. And that whole bit about cab companies having to adhere to laws Uber doesn’t have to is a red herring. If it’s such a problem why don’t the cab companies lobby to reduce livery regulations?

Why don’t they? Because these regulations were written originally to benefit the cab companies in large part.

I’ve got no sympathy for this guy.

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Cronynomics: China stock market rebound the result of ‘secret’ government intervention

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Things just keep getting wackier in The Ultimate Crony Capitalist State.

Hey, why not just have the government come in and buy up the stock market? That ought to do the trick. Nothing could possibly go wrong with that. It’s not like this whole crash was precipitated by central planning and malinvestment or anything.

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