Latest Sign of China’s Slowdown: A Technology Cash Crunch

“In private conversations, investors, entrepreneurs and economists admit that with the high debt level and a trade war with the United States, the room for government maneuvering is shrinking. The degrees of pessimism vary, but many of them are bracing for a tough ride ahead.  They told me to change all my savings into gold, a risk-management measure for extreme times. They worry that the trade war will hurt the tech and the venture capital industries because they operate globally.”

Read more: https://www.cnbc.com/2018/07/17/latest-sign-of-chinas-slowdown-a-technology-cash-crunch.html

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Laws Are for the Little People

“So long as we’re going to tolerate government officials exempting themselves from the rules they inflict on the rest of us, we might just have to be happy when there’s no body count.”

Read more: https://reason.com/archives/2018/07/17/laws-are-for-the-little-people/print

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Feds secretly rolling out real estate cash reporting rules to more states

“Officials no longer want to publicize what kind of transactions fall under the reporting requirement. They worry that making too much information public will give money launderers a road map to stay off the radar of regulators.”

Read more: https://www.miamiherald.com/news/business/real-estate-news/article213797269.html

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Question the ‘National-Defense’ Exception to Free Trade

“Are we to believe that the same institution that so recklessly hawks military weaponry to hostile actors is so sincerely concerned with protecting America’s national-defense capabilities that we can trust it to restrict, for reasons of national security, our freedom to trade?”

Read more: https://cafehayek.com/2018/07/yet-one-reason-question-national-defense-exception-case-policy-free-trade.html

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Egypt targets social media, journalists with ‘fake news’ law

“Social media accounts and blogs with more than 5,000 followers on sites such as Twitter and Facebook will be treated as media outlets, which makes them subject to prosecution for publishing false news or incitement to break the law.”

Read more: https://www.jpost.com/Middle-East/Egypt-targets-social-media-journalists-with-new-law-562746

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Hong Kong to impose unprecedented ban on pro-independence party

“The development marks the first time since the former British colony’s return to Chinese rule in 1997 that it has sought to outlaw a political organisation.”

Read more: https://www.theguardian.com/world/2018/jul/17/hong-kong-moves-to-ban-citys-first-pro-independence-party

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Nicaraguan army overruns neighborhood controlled by protesters

“Protests against cuts to the social security system that began three months ago have since became a broader call for Ortega to leave office.  Ortega’s government has dismissed opponents as delinquents attempting a coup d’etat.”

Read more: https://www.cbsnews.com/news/nicaraguan-forces-seize-opposition-stronghold-in-violent-bid-to-silence-protesters-2018-07-18/

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Florida City Forced To Drop $10,000+ In Fines Against Home’s ‘Starry’ Paint Job

“City officials claimed the display constituted an unapproved ‘sign’ because it attracted people to look at the house. The couple were fined $100 per day.”

Read more: http://reason.com/blog/2018/07/18/florida-couple-gets-to-keep-starry-paint

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America has a nobility problem

“The single biggest characteristic of today’s nobility is impunity, and — just as with the privileges associated with titles of nobility in the England our Framers rejected — this privilege extends not only to the titled, but to their retainers, in this case police and other government bureaucrats.”

Read more: https://www.usatoday.com/story/opinion/2018/07/16/americas-nobility-problem-ruling-class-pays-no-consequences-failure-column/786512002/

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Former Fed officials lament taxpayers’ inability to see necessity of bank bailouts

“The three asserted that they had no choice but to use taxpayer money to stabilize the financial institutions. Paulson said, ‘I was totally ineffective at having the American people understand that what we were doing was for them and not for Wall Street.'”

Read more: https://apnews.com/f0c5c2a63f16473e999f64312039dbe2

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