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Bitcoin May Be the Global Economy's Last Safe Haven - Businessweek

roryn3kids — Thu, 28 Mar 2013 12:12:07 +0000

That’s where Bitcoin thrives: where people would prefer to throw in their lot with anonymous strangers instead of the world economy. It’s gold-bug thinking reinvented for an age of fluid transparency and instantaneous transactions. And as such it’s an excellent indicator of anxiety. Where you see Bitcoins in action you find a weird and heady mix of speculative angst, a fear of being left behind, and people who appear to have lost faith in institutions, who feel most left behind.

Gov't Admits It Won't Prosecute Banks

freeAgent — Tue, 12 Mar 2013 18:12:34 +0000

Since the collapse of Arthur Andersen, the government is now afraid to prosecute large companies and banks in particular. Unfortunately, they're also unwilling to prosecute individual employees of those same corporations.

Boxers want to fight in China because of high U.S. Taxes.

Lendog — Tue, 12 Feb 2013 12:09:19 +0000

Manny Pacquiao's chief adviser insisted Monday that the Filipino superstar's preference is for his next bout – a fifth fight against Juan Manuel Marquez – to take place away from Las Vegas, with the off-shore Chinese gambling resort of Macau emerging as the "favorite."

Congress — not email — destroyed the Postal Service

Aerogoddess — Sat, 09 Feb 2013 17:10:43 +0000

The oft-maligned U.S. mail is actually quite well-run. Politicians steered it into the ditch
By John Tierney

Government Ban On Bitcoin Would Fail Miserably - Forbes

roryn3kids — Wed, 30 Jan 2013 07:00:20 +0000

I maintain that a government ban on bitcoin would be about as effective as alcohol prohibition was in the 1920s. Government prohibition doesn’t even do a good job of keeping drugs out of prisons. The demand for an item, in this case digital cash with user-defined levels of privacy, does not simply evaporate in the face of a jurisdictional ban. One could even make the case that it becomes stronger because an official recognition that Bitcoin is not only a “renegade” currency but a “so-effective-it-had-to-be-banned” currency would imbue the cryptographic money with larger than life qualities.

Dwolla Begins Account Suspensions for Using Bitcoin

kingphilip — Fri, 25 Jan 2013 17:10:05 +0000

Dwolla Begins PayPal-Style Account Suspensions - "Dwolla has moved beyond closing the accounts of those it can prove are operating unlicensed [Bitcoin] exchanges and has begun closing the accounts of private individuals based on a mere affiliation."

Wholly Financed, owned and operated bridge opened by private investors

rjmort — Sun, 06 Jan 2013 02:23:35 +0000

New privately funded bridge opens in Virginia (The South Norfolk Jordan Bridge)

Minimum Wage Laws Hurt The Poor and Hobble the Economy

kelvin — Sat, 15 Dec 2012 18:24:26 +0000

Want to decrease unemployment? Want to provide a ladder for the advancement of younger, less skilled or less experienced people? Eliminate the "Minimum Wage."

Bass Fishing and the Free Market

jameswm93 — Wed, 12 Dec 2012 09:10:46 +0000

This is an article on how the lack of intellectual property laws within the bass fishing industry have allowed for a fast paced and highly competitive market where anyone can do well provided they have good products.

Bitcoin Not Bombs

MuslimNonarchist — Fri, 07 Dec 2012 00:24:24 +0000

Bitcoin allows Iranians to store their wealth digitally where the currency police can’t seize it, and most importantly it allows them, at the individual level, to skirt US sanctions and maintain an economic connection to the outside world. When US sanction against Iraq killed an estimated 1 million innocent civilians in the 90s it’s easy to see how important that is.

French economist Frederic Bastiat once said, “If goods don t cross borders, armies will.” I suggest that when States can no longer prevent goods from crossing borders, armies won’t.

Hollywood Fracks Up!

wtfk — Thu, 06 Dec 2012 23:13:39 +0000

The plot for Matt Damon's film, "Promised Land" had to be completely rewritten, to nearly comical proportions, because research showed that the fracking claims that were the basis of the story showed to be invalid.

WALMART TO TAXPAYERS: IT'S ON YOU

ecigarettes — Sat, 01 Dec 2012 17:39:40 +0000

Walmart's New Health Care Policy Shifts Burden To Medicaid, Obamacare: Walmart, the nation’s largest private employer, plans to begin denying health insurance to newly hired employees who work fewer than 30 hours a week, according to a copy of the company’s policy obtained by The Huffington Post. Under the policy, slated to take effect in January, Walmart also reserves the right to eliminate health care coverage for certain workers if their average workweek dips below 30 hours -- something that happens with regularity and at the direction of company managers.

Hostess Blames Union For Bankruptcy After Tripling CEO’s Pay

digitalgloom — Sat, 17 Nov 2012 21:30:45 +0000

headlines have been quick to blame unions for the downfall of the company there’s actually more to the story: While the company was filing for bankruptcy, for the second time, earlier this year, it actually tripled its CEO’s pay, and increased other executives’ compensation by as much as 80 percent.

U.S. sticks Chinese solar makers with tariffs

thefatalepic — Fri, 09 Nov 2012 18:02:55 +0000

"The U.S. International Trade Commission agreed in a unanimous vote today that Chinese solar manufacturers have benefited from illegal subsidies from its government and sold products at less than fair value, the final decision in more than a year-long trade tussle."

Free Cities in talks with Jamaica and eyeing several other countries.

FTL_Mark — Fri, 02 Nov 2012 14:28:17 +0000

The representative of the investor group said Jamaica would not only be addressed MGK investments, but also other countries. '' As no conditions we asked, they take the capital to other countries. "

Honduras Bars Plan for Private Cities

ecigarettes — Tue, 23 Oct 2012 20:59:35 +0000

The Honduras Supreme Court has struck down a proposal for a number of so-called private cities with their own tax and justice systems. Wealthy landowners had pushed the plan, drawing opposition from human rights groups. But Honduran justices ruled the establishment of private jurisdictions outside of Honduran law would violate the constitution.

Detroit’s Heroic Anarcho-Bus Company

lberns1 — Sat, 20 Oct 2012 18:53:47 +0000

This year saw the birth of a new, private bus company in Detroit, and it’s called the Detroit Bus Company. The owner and founder, 25-year-old Andy Didorosi, was a guest on Mitch Albom’s show today, where he stated that his company is “trying to change what people think about buses.” In other words, his company does not tool around the city in monstrous, shabby, dirty, disgusting cages on wheels that are driven by 400-pound, sedentary maniacs who have nothing to lose, especially their union-protected, government job.