Wednesday, July 3, 2013

The Law Against Free Market

The Law Against Free Market

Tesla has won lawsuits in several states giving it the right to sell its cars directly to customers.

But Virginia recently slapped down Tesla’s attempt to sell its electric Model S directly to customers.

Automobile dealers associations have been trying  to prevent Tesla Motors from opening its own
dealerships.

Tesla is banned from opening dealerships in Virginia.

The law is restrictive and  intends to prevent large car manufactuers from  selling directly to customers.

The car-dealer lobby has worked hard to  ensure that  You Can't Buy a New Car Online.

Since the late 1990s, car dealers have used their  considerable political clout to pass or better
 enforce state franchise laws that in many cases  make it a criminal offense for an auto manufacturer  to sell a new car to anyone but a state-licensed  car dealer.

Tuesday, July 2, 2013

The Privilege of Large Employers

The Privilege of Large Employers:

The Obama administration said it is delaying penalties for large employers who don't provide  health insurance coverage to workers under  the federal health-care law for 2014.

If You Are Self-Employed You Are Required to  Have Health Insurance or  Pay a Penalty.

Monday, July 1, 2013

Number of employees of EPA

The United States Environmental Protection Agency (EPA) has 17,359 employees  (2011) and a budget of $8.682 billion (2011), $500,144 per employee.

The Ministry of Environmental Protection of the People's Republic of China (MEP) was set up in March 2008 with  two Chief Engineers one Minister , five Vice Ministers and one Member of the Leading Party Group of MEP,

Sunday, June 30, 2013

The modern "global middle class”

The modern "global middle class”, status defined by education or simply in monetary terms, is engaging in political activism to save  its economic self-interest as in the past the French, Bolshevik and Chinese Revolutions did .


The modern "global middle class” knows that the only way to save its status is being the “new part” of the “new big government”, an ineffective, unresponsive  and corrupt "system".

Saturday, June 29, 2013

How Lobbying Spenders Make a Law

U.S. Senate passed a giant, 1,200 page immigration bill.

The Senate bill provides $50 billion for border security measures.

Boeing and a team of companies including L-3 Communications and
L-3 Government Services, Washington D.C.; Unisys, Reston, Va.;
Perot Systems, Plano, Texas; Kollsman Inc., Merrimack, N.H.; and
DRS Surveillance and Reconnaissance Group, Palm Bay, Fla.,
have formally placed a bid.


Boeing Is Top Lobbying Spenders In Washington.
Boeing spokeswoman Susan Bradley says the company recently decided to re-engage with the Washington legislature on issues of what she calls “business competitiveness.”


Total Lobbying Expenditures
    for Parent L-3 Communications in 2010: $4,930,000

Total Lobbying Expenditures
    for Parent Unisys Corp: $906,349

Total Lobbying Expenditures
    for Parent Perot Systems in 2006: $247,713

DRS Technologies announced on September 25 that it has been selected to be a member of the Boeing Company SBInet team.
The work will be performed by DRS Surveillance and Reconnaissance Group of Palm Bay, Fla.

Thursday, June 27, 2013

The new enemy of the Government

Bitcoin is the new enemy of the Government.

Banking regulators in California, New York and Virginia in recent weeks have issued warnings to virtual-currency exchanges and other companies that deal with bitcoin that they could be closed down if their activities run afoul of state money-transmission laws.

The US Treasury will insist that virtual currencies comply with anti-money-laundering laws.

US Financial Crimes Enforcement Network issues guidance on virtual currencies, suggesting Bitcoin
exchanges are in for greater scrutiny.

FinCEN’s reg ulations define currency (also referred to as “real” currency) as “the coin and paper money of the United States or of any other country that [i] is designated as legal tender and that [ii] circulates and [iii] is customarily used and accepted as a medium of exchange in the
country of issuance.” 

In contrast to real currency, “virtual” currency is a medium of exchange that operates like a currency in some environments, but does not have all the attributes of real currency. In particular, virtual currency does not have legal tender status in any jurisdiction.

This guidance addresses “convertible” virtual currency. This type of virtual currency either has an equivalent value in real currency, or acts as a substitute for real currency.

Wednesday, June 26, 2013

Why every quarter U.S. GDP Growth Is Revised Down?

Why every quarter U.S. GDP Growth Is Revised Down?

Because downward revisions are more common than upward revisions. 

Because consumer spending is  more than two-thirds of the U.S. economy  and government controls about 40 percent of consumer spending.