Another Excuse…

…for Leftist-dominated governments to grab power. Farmers Insurance, and other insurance companies, are moving to restrict policy sales in California and Florida due to rising payout costs from a recent spate of natural disaster claims. Public Citizen said that such moves are

prime example of the insurance industry’s hypocrisy on climate change.

Progressive-Democratic Party politicians insist that insurance companies aren’t doing enough to combat global warming and want to impose requirements on them to do more. Connecticut’s Leftist politicians are proposing a 5% surcharge on “any premium payments from any fossil fuel company” to any insurer licensed in the state.

Insurers, in a free market economy, are in the business of insuring risk—transferring the risk of a business venture, or ownership of a home, from the venturer/homeowner to the insurer in exchange for a fee based on the risk’s likelihood of occurring and its cost should it occur.

Insurers, in the Progressive-Democrat economy, are tools of the State, usable by the State to achieve the Progressive-Democrats’ personal goals.

Another Reason…

…to disband altogether the Securities and Exchange Commission and build a new exchange watchdog from the ground up. Now it wants a database of all investor personal information whenever those investors make a move in our stock market.

The Consolidated Audit Trail (CAT) database was originally proposed by the SEC in 2010 to help regulators track order and trading activity throughout US markets for listed equities and options. According to the ASA, the database will list all the financial holdings and personal information of investors, including their name, phone, address, brokerage accounts, birthdate, and Social Security numbers.

Then, a year ago,

the SEC released an order that granted temporary relief from certain requirements of the CAT, delaying its full implementation until 2024. In the interim, the SEC is requesting the information be given voluntarily, with expected forced implementation by next year’s deadline, according to the ASA [American Securities Association].

This is just weasel-working around the SEC’s demand to have all personal information, even though it has no need for those data.

This SEC has shown, once again, that as an institution it cannot be trusted with American investor data.

Activist Judges

There are three of them on the 4th Circuit, those who unanimously ruled that construction on the Mountain Valley Pipeline must stop pending those judges’ personal review of the Interior Department’s record of decision for permitting pipeline construction in the national forest.

These judges don’t care that the 4th Circuit has no jurisdiction over the pipeline or cases related to it. The recently concluded debt ceiling law explicitly stripped the 4th Circuit of jurisdiction, limited questions about the pipeline to constitutional questions, and placed those questions solely within the jurisdiction of the DC Circuit.

The Wall Street Journal‘s editors concluded their editorial with this:

Three willful judges have improperly usurped the power of Congress and the executive branch. Judges who refuse to honor proper orders from the political branches are begging to have the political branches ignore their rulings.

These three judges also have violated their oaths of office and have thereby rendered themselves vulnerable to impeachment and removal from the bench.

“No Undue Influence”

An audit of the Asian Infrastructure Investment Bank, done internally by AIIB audit personnel, found no evidence of undue influence from the Communist Party of China arm of Peoples Republic of China government.

The AIIB is not just PRC-backed, though, it’s PRC-led. That means that we can take the audit—which lasted all of 10 days—seriously and at face value.

The PRC audited itself, and over nearly a week-and-a-half period, but the outcome is completely believable.

Don’t look behind the curtain to see that the PRC holds 26.6% of AIIB’s shares, giving it an effective veto over major decisions, since AIIB’s major decisions require a 75% supermajority.

Misguided

A Federal judge has issued a preliminary injunction (meaning the matter must still go through the courts before anything becomes final) barring the Federal government from communicating with social-media companies with a view to influencing what those companies post or allow to be posted on their sites.

Some on the Left are objecting.

Some legal scholars have been skeptical that…courts could intervene without chilling legitimate government speech about controversial matters of public interest.

“Some legal scholars” are cynically distorting the situation. There is nothing in the judge’s ruling that bars government speech about controversial matters of public interest. The “government”—i.e., the men and women in government—remains entirely free to speak on any matters it wishes, and in any venue it wishes. The “government,” however, may not seek to tell—or even to try to influence—private enterprises what they might post or not post, or allow or not allow to be posted, on their sites.

The government has a plethora of outlets of its own: the White House, for instance, the Senate, and the House all have their own Web sites, as do each of the several Federal Departments and agencies, and every Congressman in the Congress. And many of those Congressmen hold aperiodic town halls to talk directly with their constituents—all of them should, and those meetings should occur more frequently—but that’s the Congressmen’s choice. Nothing bars any Congressman from doing any of those direct-to-constituents conversations as often as a Congressman might wish.

Furthermore, the judge noted in his injunction that

The Court finds…that a preliminary injunction here would not prohibit government speech.

And

A government entity has the right to speak for itself and is entitled to say what it wishes and express the views it wishes to express. The Free Speech Clause restricts government regulation of private speech; it does not regulate government speech.

At bottom, and especially in light of that last—and the plethora of legitimate government outlets for its own speech—the answer to speech with which government disagrees is not to bar the speech (outside of deliberate and overt incitement to riot), but to answer it with their own speech.

The judge’s preliminary injunction ruling can be read here.