Tag Archives: regulation

Any Excuse

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…to extend an “emergency” in order to continue Government’s expanded powers and reduced individual liberties, an expansion that depends on that continued emergency. Here’s the Children’s Hospital Association and the American Academy of Pediatrics in a letter to President Joe Biden (D) and HHS Secretary Xavier Becerra (D):

…unprecedented levels of RSV happening with growing flu rates, ongoing high numbers of children in mental health crisis and serious workforce shortages are combining to stretch pediatric care capacity at the hospital and community level to the breaking point[.]
…
Your ongoing response to COVID-19 has successfully supported strategies to mitigate the impact of health care capacity issues for adult patients. Please take this action to allow these same strategies to be employed in service of our nation’s children.

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Financial Reporting

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A little bit in the weeds, here, but necessary for future understandings by some investors. The proximate matter is FTX’ collapse and bankruptcy (with possibly criminal activities associated).

In a footnote to the financial statements, the company said its “primary shareholder is also the primary shareholder of several related entities which do business with the company.” It didn’t say who the related parties were for any specific transaction it disclosed.
The standard accounting rules for disclosing related-party transactions are vague and have long been considered a weakness in the system. There is no clear-cut rule requiring companies to disclose the players in a related-party transaction. The rules do say, “If necessary to the understanding of the relationship, the name of the related party shall be disclosed.”

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Another Power Grab

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This one by the Securities and Exchange Commission.

A proposal under consideration by the agency would generally require brokers to route small investors’ market orders into auctions, where trading firms would compete to execute them, people familiar with the matter said. …
Brokers would have a way out. Instead of sending the orders to auctions, the brokers could attempt to have them filled at the midpoint price or better, the people said.

And

The proposed midpoint requirement and auctions would apply to market orders. Commonly used by small investors, market orders are instructions entered through a brokerage to buy or sell stocks at whatever their current market price is.

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Why We Can’t Trust the CDC

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The Centers for Disease Control and Prevention’s primary advisory panel, the Advisory Committee on Immunization Practices, has voted unanimously to recommend routine Wuhan Virus (my term) vaccinations for children via the Vaccines for Children program, which pays for ACIP-recommended vaccines for children in low-income families. This likely will lead to green-lighting schools—especially teachers union-controlled schools—to require the vaccinations as a condition of enrolling.

It doesn’t matter that the vaccines aren’t FDA-approved for children under 12.

It doesn’t matter that children well into junior high age aren’t at risk from the virus beyond—perhaps—getting mildly ill and recovering in a day or two.

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Indentured Servitude

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The Service Employees International Union-United Healthcare Workers West wants to force unionization on companies and their employees whether those employees want it or not. The SEIU-UHW’s proximate target is California’s dialysis industry. California’s Proposition 29 is the union’s latest (after two prior ballot failures in the two prior election cycles) effort targeting dialysis.

The measure, which would require dialysis clinics to have a physician, nurse practitioner or physician assistant “on-site during all patient treatment hours, would cost dialysis clinics $376,000 to $731,000 per year—per clinic. That would drive many into bankruptcy closure because they can’t afford those costs.

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An Energy Crisis

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New England may face one this winter. Too many who should know better are laying this prospect off to Russia’s invasion of Ukraine.

There are more proximate origins of the risk. One is the Biden administration’s naked war on our nation’s overall domestic energy production industry, including canceling pipeline projects in progress and denying permits for other pipelines—including one from Canada down into New England—canceling drilling leases and slow-walking permits (or outright denying them) to drill on other leases, withdrawing Federal lands from any sort of fossil fuel exploration or development, and on and on.

This is a preview of An Energy Crisis. Read the full post (452 words, estimated 1:48 mins reading time)

But We Need to Take your Guns Away

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A bad guy armed with a shotgun walked into a Florida store with the intent of robbing it. And bragged about being “from Chicago” in the process.

I got a big (expletive) (expletive) gun, but I’m not from around here is what I’m saying. I’m from Chicago bro.

Then, as paraphrased by Fox News, this armed thug

 ask[ed] the employee what kind of weapon he is holding.

Which the employee showed him, whereupon the thug left.

The Escambia County Sheriff’s Office, the county where the attempted armed robbery occurred, has the right of it [emphasis added]:

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Right Idea, but…

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…details in the implementation will matter, also. Competition always drives costs to a level approaching the cost of production, and that’s to the good, not only of consumers but for competitors and others looking to enter the market, as well.

However.

On Monday, [Congresswoman and MD Mariannette (R, IA)] Miller-Meeks along with three of her colleagues introduced a bill titled the “Biologics Competition Act,” which seeks “to evaluate the process by which interchangeable biological products are approved to be used in pharmaceuticals.”
“So in essence, what we’re trying to get is biosimilar drugs that are the same chemically—that they have an equivalency to let those be prescribed as generic drugs, which would bring down the cost of medication[.]”

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Progressive-Democratic Party Censorship

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There is a bill, the Journalism Competition and Preservation Act, wending its way through the Senate that’s intended to let local news outlets band together to get enough scale to negotiate with Big Tech social media on a less uneven footing for payment from those outlets for their use of content that is taken by those social media and republished.

Senator Ted Cruz (R, TX) proposed an amendment that would plainly and explicitly prohibit[] payment negotiations from including discussion of content moderation—i.e., that would bar Big Tech from engaging in its penchant for censorship during payment negotiations. Cruz’ amendment wouldn’t even ban content moderation altogether, just during those content payment talks.

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Surveillance States

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That’s what New York and California are becoming, only instead of using cameras, they want to use our banking institutions.

Visa Inc, Mastercard Inc, and American Express Co should begin tracking gun sales and flagging suspicious purchases to law enforcement, similar to how financial institutions look out for money laundering, the attorneys general of New York and California said.

And

The three leading credit-card companies should take a front-line role in trying to prevent mass shootings and reduce the risk of gun trafficking, California Attorney General Rob Bonta and New York Attorney General Letitia James, both Democrats, said Friday in a letter sent to the companies.

This is a preview of Surveillance States. Read the full post (260 words, estimated 1:02 mins reading time)