Business Boat People
Business boat people are fleeing America for lower tax countries. President Obama ordered another change in the law to make them stay put. The U.S. has one of the world’s highest corporate tax rates.
Democratic Superdelegates
Bernie is racking up the wins but the party establishment is safe, thanks to Democratic Superdelegates. Unlike mere mortal delegates they aren’t beholden to any candidate.
Mark Plotkin in The Hill calls the Superdelegate arrangement a House of Lords category that makes the Democratic Party undemocratic.
The Republicans, on the other hand, are all House of Commons – no Superdelegates. The only way for their establishment to stop an outsider like Trump is to back Ted Cruz, an outsider they hate a little less.
Reagan Legacy
Obama Lectures Reporters
President Obama lectures reporters on reporting.
Jack Shafer reported in Politico on the president’s address at a journalism awards ceremony.
The occasion was the Toner Prize for Political Reporting awarded to Alley Mac Gillis by Syracuse University’s S.I. Newhouse School of Public Communications.
Ayatollah Banking Behavior
IBD had an editorial and the WSJ had an op-ed on Ayatollah banking behavior. Zany authoritarians worth billions who aren’t Donald Trump – I thought it was worth a cartoon.
Now that the mullahs are getting their moola back, possibly 100 billion in frozen assets thanks to the Iran nuclear deal, they want to be able to move it through the U.S. banking system. That’s been a no-no in the past. Apparently it would make it easier to launder money for terrorism. On the other hand it could make it easier for U.S. intelligence to keep track of Iran’s money.
Ayatollah Banking Behavior
Anyway, last summer Adam Szubin of the Treasury Department told Congress, “Iran will not be able to open bank accounts with U.S. banks, nor will Iran be able to access the U.S. banking sector.” Now Treasury Secretary Jack Lew seems less committal saying the administration is trying “to make sure Iran gets relief.”
Since the Iran nuclear deal isn’t a signed treaty, Iran could walk away if it doesn’t get what it wants.
