Consumer protection

Government By Goldman

"...now Cohn’s in charge of the economy and talking about eliminating financial reform and basically putting the country back to where it was in 2005, as if 2008 didn’t happen. I’ve started the countdown clock to the next financial crash, which will make the last one look mild."

How Google Rigs Search And Hurts Consumers

"Some people like to blame all of the world’s problems on government. Others blame business for everything that ever goes wrong. I don’t fall into either of these categories. I think the greatest threat to humanity, freedom and our overall happiness comes down to concentrations of power."

What Nassim Taleb Can Teach Us

Nassim Nicholas Taleb does not suffer fools gladly... "we are increasingly ruled by an intellectual, political, economic, and cultural elite that does not bear the consequences of the decisions it makes on our (unwitting) behalf..."

TDB's picture

If space truly is the final frontier, then it won’t be long until the first pioneers are making the journey, as several companies race to take paying passengers out of the Earth’s atmosphere and beyond. And true to form, right on its heels will be the regulators, red tape lassos in hand.

But like any brand new industry, the slight head start of the businesses will give them the opportunity to show the high standards that can be accomplished absent government control — and with any luck, they can do it in a way compelling enough to cast doubt on the “necessity” of regulation.

Michael Hudson: Trump Is Obama's Legacy - Is This The End Of The Democratic Party?

"...the Democrats will continue to pose as the Lesser Evil party not really in terms of policy, but simply ad hominum. They will merely repeat Hillary’s campaign stance: They are not Trump... having lost its ability to pose as the party of labor and the middle class; and firmly controlled by Wall Street and California billionaires, the DNC strategy of identity politics encourages any identity except that of wage earners..."

12 Million Americans Are About To Get An Artificial Boost To Their FICO Scores

Tax liens and civil judgments soon will be taken off people’s credit reports, the latest move to omit negative information from consumer financial scorecards, in the process artifically boosting the FICO score for as many as 12 million Americans. "It’s going to make someone who has poor credit look better than they should," said John Ulzheimer, a former manager at Experian and credit-score creator FICO.