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Hillary Clinton’s billionaire fundraiser host got sweet deal in Solyndra...
(From The Washington Times) Despite Solyndra’s failure, Argonaut — which poured more than $270 million in equity into the project, according to Fortune magazine — and other private investors had...
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Art Cashin on the recent instability in the markets, Reminds him of 2007...
It’s funny how words and names flash up out of the darkness and suddenly become important. Friday’s was Third Avenue, a mutual fund company whose junk bond fund just blew up. The fear is that there...
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Third Avenue junk fund blowup exposes risks of unsellable assets
Maybe. Illiquidity, ah yes, it makes yet another appearance. I remember as I watched markets implode in 2008 the inability to get off of assets was of serious concern to everyone. “How are we going get...
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Big Oil, Make Way for Big Solar. The (crony) Winners and Losers in Paris
We are for a cleaner planet. We like solar power, wind, hydro, and the rest. We do not however like central planning and “leaders” picking winners and losers. Picking winners and losers is exactly...
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Taxed Enough Already: Governments Shouldn’t Be Allowed to Bleed Our Internet...
Fundamentally for many of us it’s all about reducing the amount of taxes we have to pay. We can spend and invest our money far better than the government can. We know it. The government deep down...
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UK citizens may soon need licenses to photograph some stuff they already own
This clearly is progress. Copyright laws are getting way out of hand. The UK now seems to be leading the way in copyright insanity. But we aren’t far behind. (From ARSTechnica) Changes to UK copyright...
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Superinvestor Carl Icahn: No liquidity for high-yield bonds, market a ‘keg of...
You might not think you have too much to worry about if junk bonds go kablooey. You’d be wrong. And remember, this is facilitated fundamentally by our all-wise Federal Reserve. I love those guys....
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E.P.A. Broke the Law by Using Social Media to Push Water Rule, Auditor Finds,...
Propaganda and “amphibious assault ships.” What more could one want in an environmental agency? (From The New York Times) The Environmental Protection Agency engaged in “covert propaganda” in...
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Fed ‘Stimulus’ Has Made Inequality Worse, Hurt Economic Growth
What is explained here by a former vice president of the Federal Reserve Bank of Dallas is what we have said now for years. The Fed’s actions post-Crash have exacerbated wealth inequality and...
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What is “Regulatory Dark Matter”?, The little known way government creeps...
Some people might be surprised to learn that much government regulation isn’t really dictated by laws passed by Congress, or even by “rules” from agencies, but by “guidances” declared by agencies on...
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The Problem of Crony Capitalism Today
Well, this is right on the money. Mr. Walton is the Chairman of Rappahannock Ventures LLC, and on the board of trustees at the Heritage Foundation. Excellent speech. (From The Daily Signal) Voluntary...
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Donald Trump Criticizes Ted Cruz for Opposition to Crony Capitalism,...
As we said a few days ago, one way or another crony capitalism will be an important factor in the 2016 presidential contest. Yeah, who cares about free enterprise or government picking winners and...
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Poor Countries Demand $3.5 Trillion in Climate Finance at Paris Conference*
Now let’s just guess whether the crony classes in these poor countries will just happen to pocket all of this “climate mitigation” money. OK, let’s not guess because we know the answer. Of course it’s...
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