Money makes the world go round. This is not necessarily a good thing

Hospice is now dominated by for-profit corporations. Unsurprisingly some of what they do to generate increasing amounts of profit is unscrupulous, illegal and harmful to patients.

Companies that buy up cheap housing make it harder for people to afford housing.

“As crypto’s self-appointed ambassador to Washington, Bankman-Fried was pressing for federal regulation even as he dodged U.S. oversight from his corporate headquarters in the Bahamas.” — a look at the now toppling crypto-kingdom of Sam Bankman-Fried. Who insists that when his FTX gambled with depositors’ money he didn’t realize that’s what he was doing. Reuters reports the company also bought Bankman-Fried a vacation home. LGM weighs in.

“Time and time again, Americans fall prey to the myth of the billionaire genius, the man (because it is almost always a man) who is better than us mere mortals, able to solve any business or political or philanthropic problem that comes his way — till, suddenly, he is not.” — Helaine Olen. See also Elon Musk running Twitter into the ground and (though she’s not a man) Elizabeth Holmes.

While this Forbes article on Trump’s secret debts to a Korean company is good, but I don’t buy the assertion that most people of Trump’s wealth could be corrupted by a mere $20 million debt. Trump has, after all, allegedly cheated contractors of much less money. I’ve seen this argument before — billionaires have too much money to be tempted — but the billionaire mind doesn’t seem to see it that way.

Alex Jones loves money and he has a lot of it. He’s doing his best to make sure the Sandy Hook parents who won their lawsuit against him don’t get any.

“A nudge is ultimately a highly conservative approach to the question of how a society should think about the public good.”

“The shooter who terrorized a Colorado movie theater in 2012 charged more than $9,000 worth of guns, ammunition and tactical gear in the two months leading up to his attack that killed 12 and injured 70. The man who shot up the Pulse Nightclub in Orlando, killing 49 people, put more than $26,000 on credit cards.” Nevertheless, crediit-card companies refused a proposal to create a unique code for firearm sellers which would help flag suspicious purchases.

Amazon’s policy of letting readers buy an ebook, then return it after a week, means some authors end up with negative royalty balances.

 

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Filed under economics, Politics

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