Category Archives: Commerce

Crony In Chief

160125-crony-in-chiefTed Cruz has an ad showing Donald Trump bulldozing a widow’s home in order to make room for limousine parking at Trump Plaza. Trump didn’t do that. But he tried. He got the state of New Jersey to use its eminent domain power to go after the house. Trump lost in court but he thinks teaming up with government to seize private property for his own benefit is “wonderful”.

Crony Capitalism.

Kevin Williamson in National Review calls Trump “a lifelong crony capitalist who brags about buying political favors”. He goes on to say Trump supporters believe, “that they can dispatch a crony capitalist to undo crony capitalism in the same way that New Age healers believe that a little bit of diluted poison chases away similar toxins.”

Internet Control

140321internet control

Al Gore invented the internet and Barack Obama is giving it away.

Who Controls the Internet

Brendan Greeley in Bloomberg Businessweek explains how it works. The system that assigns names to web servers, the Internet domain name system (DNS), is run by the Internet Corporation for Assigned Names and Numbers (Icann). Icann is under the control of the U.S. Commerce Department. The government announced in a news dump last Friday it’s giving up that control.

Countries like China and Russia want that power to go the U.N. Then they would have influence over  which websites get domain names. Without a domain name you’re nobody. As Greeley puts it:

It’s a bad sign that the U.S. has chosen to give up this power. It means that the administration doesn’t feel that it can get away with holding onto it, diplomatically, which means that on this issue, we no longer enjoy the support of countries such as Germany. Perhaps it was that time we tapped Angela Merkel’s cell phone.

 

 

Facebook

The Facebook IPO is a train wreck so far. There were problems at NASDAQ with the launch but Gordon Crovitz in the WSJ says people just don’t click Facebook ads enough. Then there’s this:

Why did Facebook go public?

They couldn’t figure out the privacy settings either.

Stuck on the Tarmac

More than 200 JetBlue passengers were stranded on the tarmac for 7 hours on Saturday. The Boeing plant in South Carolina has been sitting on the tarmac since April.  Pelosi thinks it should stay that way until its workers un-decertify their union.

Whistle While You Work

Bloomberg reports Solyndra’s boarded up factory was lavish and spa-like, complete with whistling robots.