Cannabis Cash: How Much Money Could Your State Make From Marijuana Legalization? … On Nov. 4, citizens in Alaska, Florida, Oregon and Washington, D.C., will cast their ballots on marijuana initiatives, and other states are also likely to consider legalization in upcoming elections. Colorado, the first state to allow the sale of recreational marijuana, is expected to take in $60 million to $7...Read More
Germany's energy policy is expensive, harmful and short-sighted … Berlin is failing the poor while protecting neither security nor the climate. – Financial TimesDominant Social Theme: This global warming is a problem and only Green solutions can cure it.Free-Market Analysis: There are two parts to this analysis. In the first part, we'll take a look at what's going on in Ger...Read More
SEC Announces Largest Reward Ever … An anonymous tipster living abroad will be receiving $30 million, in the largest whistleblower award ever doled out by U.S. securities regulators as part of a program that aims to incentivize insiders to report wrongdoing. – ReutersDominant Social Theme: In taking criminals off the street, almost any tactic is justified and even righteous.Free-Market...Read More
Germany's energy policy is expensive, harmful and short-sighted … Berlin is failing the poor while protecting neither security nor the climate. – Financial TimesDominant Social Theme: This global warming is a problem and only Green solutions can cure it.Free-Market Analysis: There are two parts to this analysis. In the first part, we'll take a look at what's going on in Ger...Read More
SEC Announces Largest Reward Ever … An anonymous tipster living abroad will be receiving $30 million, in the largest whistleblower award ever doled out by U.S. securities regulators as part of a program that aims to incentivize insiders to report wrongdoing. – ReutersDominant Social Theme: In taking criminals off the street, almost any tactic is justified and even righteous.Free-Market...Read More
Nikkei Crash a Risk Seen by Posen If Abe Blinks on Tax … [Economist Adam Posen] warns that the foreign love affair with Prime Minister Shinzo Abe's economic program may be in jeopardy. Posen's fear, outlined in an interview in his office last week, is that Abe reneges on a plan to raise Japan's consumption tax to 10 percent, from the 8 percent level it was boosted to in April. If...Read More
Stoners get high on love with marijuana dating sites … Dinner and a movie make for a typical date night but dinner followed by a joint could raise some eyebrows or be a turn-off despite increasing acceptance of marijuana use across the United States. So now, tuned-in stoners and users of medical pot are turning on to dating websites that cater exclusively to tokers or, at the very least, the...Read More
Nikkei Crash a Risk Seen by Posen If Abe Blinks on Tax … [Economist Adam Posen] warns that the foreign love affair with Prime Minister Shinzo Abe's economic program may be in jeopardy. Posen's fear, outlined in an interview in his office last week, is that Abe reneges on a plan to raise Japan's consumption tax to 10 percent, from the 8 percent level it was boosted to in April. If...Read More
Stoners get high on love with marijuana dating sites … Dinner and a movie make for a typical date night but dinner followed by a joint could raise some eyebrows or be a turn-off despite increasing acceptance of marijuana use across the United States. So now, tuned-in stoners and users of medical pot are turning on to dating websites that cater exclusively to tokers or, at the very least, the...Read More
Global deal on growth as G20 agrees to add 1.8pc to economic output … A GLOBAL deal on growth appears on track to create millions of jobs after the world's most powerful finance ministers announced plans to add at least 1.8 per cent to their combined economic output. The G20 finance summit has ended in Cairns with a renewed commitment to a growth target that is meant to add $2 trillion t...Read More
Suspicions Run Deep in Iraq That C.I.A. and the Islamic State Are United … The United States has conducted an escalating campaign of deadly airstrikes against the extremists of the Islamic State for more than a month. But that appears to have done little to tamp down the conspiracy theories still circulating from the streets of Baghdad to the highest levels of Iraqi government that the C.I.A...Read More
Global deal on growth as G20 agrees to add 1.8pc to economic output … A GLOBAL deal on growth appears on track to create millions of jobs after the world's most powerful finance ministers announced plans to add at least 1.8 per cent to their combined economic output. The G20 finance summit has ended in Cairns with a renewed commitment to a growth target that is meant to add $2 trillion t...Read More
Suspicions Run Deep in Iraq That C.I.A. and the Islamic State Are United … The United States has conducted an escalating campaign of deadly airstrikes against the extremists of the Islamic State for more than a month. But that appears to have done little to tamp down the conspiracy theories still circulating from the streets of Baghdad to the highest levels of Iraqi government that the C.I.A...Read More
Fed and TWTR Overvaluation, Evidence of Looming Market Crash … The Federal Reserve Wednesday reassured investors that it will hold interest rates near zero for a "considerable time" after it ends the bond-buying program known as quantitative easing in October. In response, the Dow Jones Industrial Average (,DJI) closed at a new record high. Former Director of the Office of Manageme...Read More
Kim Dotcom, Online Renegade, Shakes Up New Zealand Election … It was not an ordinary political rally, but it has been anything but an ordinary election. The hundreds of people who packed Auckland Town Hall on a recent evening were regaled by speeches by Glenn Greenwald, a Pulitzer Prize-winning journalist; Julian Assange, the WikiLeaks founder; and Edward J. Snowden, the former National Secu...Read More
Fed and TWTR Overvaluation, Evidence of Looming Market Crash … The Federal Reserve Wednesday reassured investors that it will hold interest rates near zero for a "considerable time" after it ends the bond-buying program known as quantitative easing in October. In response, the Dow Jones Industrial Average (,DJI) closed at a new record high. Former Director of the Office of Manageme...Read More
Kim Dotcom, Online Renegade, Shakes Up New Zealand Election … It was not an ordinary political rally, but it has been anything but an ordinary election. The hundreds of people who packed Auckland Town Hall on a recent evening were regaled by speeches by Glenn Greenwald, a Pulitzer Prize-winning journalist; Julian Assange, the WikiLeaks founder; and Edward J. Snowden, the former National Secu...Read More
Federal Reserve Catch of the Day: Obama's Damaging Neglect of the Fed …The Catch goes to Matt Yglesias, who writes today about "the biggest mistake of Obama's presidency: the systematic neglect of the Federal Reserve and of his ability to influence its course of action." Yglesias notes that two Fed seats remain vacant and without nominees. He gives the sorry history of disr...Read More
Alone, Scotland will go back to being a failed state … Yes supporters are hoping Scotland will become a Scandinavian paradise. But with its history of bitter internal divisions, it is likely to go the opposite way. The Union was a success partly because it sublimated the bitter Scottish divisions in a larger United Kingdom. – UK TelegraphDominant Social Theme: What a disaster. The worl...Read More
Federal Reserve Catch of the Day: Obama's Damaging Neglect of the Fed …The Catch goes to Matt Yglesias, who writes today about "the biggest mistake of Obama's presidency: the systematic neglect of the Federal Reserve and of his ability to influence its course of action." Yglesias notes that two Fed seats remain vacant and without nominees. He gives the sorry history of disr...Read More