Tag Archives: Crony Capitalism

Western banking regulations could be ‘mutually destructive’: IMF

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“Western governments have put in place banking regulations that could be ‘mutually destructive’ and undermine efforts to prevent bust banks from costing taxpayers billions of pounds, according to a report by the International Monetary Fund.  Policymakers representing the world’s biggest financial centres have failed to make the banking sector stand on its own feet by ending implicit subsidies and co-ordinating rescue plans when multinational banks go bust, the Washington-based lender of last resort said.  Subsidies to the banking sector in some countries are as high as they were before the crash, amounting to $590bn (£355bn), with the eurozone the worst affected.”

http://www.theguardian.com/business/2014/mar/31/western-banking-regulations-costly-mutually-destructive-imf-report

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Tax-free zones created around 8 NY colleges under Start-Up NY

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“Gov. Cuomo has touted the program as a way to entice new businesses to New York, which is among the highest-taxed states in the country.  The state is spending taxpayers’ money on ads running across the country to promote the program.  Existing businesses have expressed concern that the new companies will have an unfair advantage.  If accepted into the initiative, businesses will operate with no income tax, business tax, corporate tax, state taxes, local taxes, sales tax, property tax and franchise fees for 10 years. To be eligible, businesses must create new jobs in the first year. Higher-paid workers would have to pay income taxes after five years.”

http://www.lohud.com/story/news/politics/albany-watch/2014/03/13/colleges-named-tax-free-zones-start-ny-initiative/6403251/

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Canola Oil: Good or Bad?

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“Back in the day, an oil called rapeseed oil was often used for industrial purposes.  It was cheap to produce, but people couldn’t eat it because it contained some unfavorable substances.  A bunch of Canadian scientists wanted to turn rapeseed oil into an edible oil, so they used selective breeding techniques to ‘create’ seeds that contained less of these harmful, bitter substances.  This is how canola was born… but ‘Canola’ is a marketing term. It stands for Canadian Oil (some believe it stands for Canada Oil, Low Acid).  Today, about 90% of the world’s canola crop is genetically modified.  This short video shows how canola oil is made. I recommend you watch it.”

http://authoritynutrition.com/canola-oil-good-or-bad/

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Taiwan Police Evict Protesters From Cabinet Building

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“Taiwan’s police evicted dozens of protesters from the cabinet building early Monday morning, as tensions continued to spiral between the government and students occupying two major government buildings over a controversial trade pact with China.  Dubbed the ‘Sunflower Movement,’ the students’ seizure of the legislative chamber followed the KMT’s unilateral passage of the pact during a first reading without bipartisan deliberation on March 17.  The protest, once numbering more than 10,000 people, is the biggest student-led protest in Taiwan’s history. It is also the first time that the legislature has been taken over by protesters.”

http://online.wsj.com/news/articles/SB10001424052702303725404579456731907714984

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U.S. Risks National Blackout From Knockout Of Nine Power Stations

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“The study’s results have been known for months by people at federal agencies, Congress and the White House, who were briefed by then-FERC Chairman Jon Wellinghoff and others at the commission.  FERC has given the industry until early June to propose new standards for the security of critical facilities, such as substations.  Executives at several big utilities declined to discuss the risks to substations but said they are increasing spending on security. Virginia-based Dominion Resources Inc., for example, said it planned to spend $300 million to $500 million within seven years to harden its facilities.”

http://online.wsj.com/news/articles/SB10001424052702304020104579433670284061220

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Gov. Christie Blames Regulators He Appointed for Tesla Sales Ban

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“New Jersey’s eight-member Motor Vehicle Commission, made up of members of Christie’s cabinet and others appointed by the Republican governor, voted unanimously March 11 to block Tesla from direct sales.  The Palo Alto, California-based automaker is battling car dealers state by state who want sales to go through them.  Dealers in Ohio, New York, Minnesota, Georgia and elsewhere have argued that independent retailers are better for shoppers and vehicle owners.  The New Jersey panel voted unanimously to require that all new vehicle sales go through franchised retail dealers. Christie said his administration had tried to work with the company.”

http://www.bloomberg.com/news/2014-03-18/christie-blames-n-j-legislature-for-tesla-ban-on-direct-sales.html

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Singapore: A Case of Libertarian Orientalism?

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“Raffles was the one who started the whole thing and say this was going to be a free trade place and this free trade principle has never been touched in the last 150 years. Therefore Singapore really if you look at all those international indicators, Singapore scores extremely well; very little regulation; a foreigner can create a company; multinational companies can come in, no problem. It’s all very easy. The hair in the soup; big hair this time, we’re talking about government enterprises and investments. Here Singapore only scores 7 in the Frasier Institute report. The score of 7 meant when the government invests between 20 and 25 percent in total investments.”

http://isil.org/singapore-a-case-of-libertarian-orientalism/

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Colorado’s New Cannabis Economy

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“What would have happened if one or two states had somehow managed to legalize alcohol during prohibition? Most likely, those states would have become centers of entrepreneurship with retail outlets, medicines, and innovation in equipment, machinery, and other forms of capital related to alcohol-related industries.  With the recent legalization of recreational cannabis use in both Washington state and Colorado, we’re able to see a similar experiment in action.  While the 18th Amendment prohibiting alcohol production and sales precluded state-level legalization, federal drug laws enjoy no such constitutional backing.”

http://mises.org/daily/6669/Colorados-New-Cannabis-Economy

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Why It Took More Than 30 Years to Confirm Vitamin C Fights Cancer

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“An article in a respected scientific journal confirmed what researchers have known for decades: High-dose vitamin C injections boost the effectiveness of traditional cancer therapies.  The mainstream media acted surprised. But this is old news: In the 1970s, two-time Nobel Prize winner Linus Pauling published research linking vitamin C injections to the shrinkage of malignant tumors.  You might think that the FDA – the agency set up to ‘protect’ us from dangerous or ineffective drugs – would have immediately ordered clinical tests to confirm the discovery. Quite the opposite. [..] For the last 30-plus years, official government policy has been that vitamin C isn’t an effective cancer therapy.”

http://www.nestmann.com/why-it-took-more-than-30-years-to-confirm-vitamin-c-fights-cancer

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Get Konnected with The Kronies Action Figures

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“The Kronies are in action…Mandating, Tarrify-ing, Inflating, and Boondoggling their way to profits powered by their special konnection to the G-Force. Watch Big-G and his team stomp out competition!”

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