Tag: commercial
Congress has ended the corn ethanol tax subsidy
Congress has ended the corn ethanol tax subsidy.
That the taxpayer will no longer be shelling out billions to support this industry is a good thing. However, the news isn’t all good for the free market, as the mandates forcing an increase in ethanol use remain in effect.
How to self-destruct your company with just a few measly emails
How to self-destruct your PR company with just a few measly emails.
The reason this story has gone viral is that everyone has had to deal with rude and uninformed customer service people who not only don’t answer questions accurately, often downright lie to get you off the phone. And sadly, they can get away with it because companies allow them to. With this story, however, justice triumphed. Thank you Mike Krahulik of Penny Arcade.
Samoa will skip Friday to flip across the international dateline to be in synch with its major trading partners in Asia
Jumping into the future: Samoa will skip Friday this week as it shifts across the international dateline to be in synch with its major trading partners in Asia.
China has activated its own GPS satellite system
China has activated its own GPS satellite system.
China had so far launched 10 satellites for the Beidou system, including one this month, and planned to put six more in orbit in 2012 to enhance the system’s accuracy and expand its service to cover most of the Asia Pacific region.
Fragments from the failed Russian launch crash onto “Cosmonaut Street” in Siberia
Fragments from yesterday’s failed Russian launch crashed onto “Cosmonaut Street” in Siberia.
Another Russian launch failure today
The end of LightSquared
Miniatur Wunderland – largest model railway in the world
An evening pause: The world’s largest model railroad.
Government spending at its stupidest.
Government spending at its stupidest: the top ten projects.
I like #6 the best, $484,000 to help finance a pizza restaurant in Arlington, Texas, because every business should get its own free pile of cash from the government!
Why Are Indian Reservations So Poor?
Why are Indian reservations so poor? (Link fixed. Sorry.)
The vast majority of land on reservations is held communally. That means residents can’t get clear title to the land where their home sits, one reason for the abundance of mobile homes on reservations. This makes it hard for Native Americans to establish credit and borrow money to improve their homes because they can’t use the land as collateral–and investing in something you don’t own makes little sense, anyway.
…
“Markets haven’t been allowed to operate in reserve lands,” says [Manny Jules, a former chief of the Kamloops Indian band in British Columbia]. “We’ve been legislated out of the economy. When you don’t have individual property rights, you can’t build, you can’t be bonded, you can’t pass on wealth. A lot of small businesses never get started because people can’t leverage property [to raise funds].
Hat tip Ace of Spades.