Friday, February 1, 2019

In the news, Saturday, January 19, 2019


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JAN 18      INDEX      JAN 20
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from FEE (Foundation for Economic Education)
RIGHT-CENTER BIAS, HIGH, non-profit organization

Vices Are Not Crimes: Lysander Spooner's Timeless Lesson
"Nobody but a fool or an impostor pretends that he, as an individual, has a right to punish other men for their vices."

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from New York Post  Newspaper in New York

How communism is dooming China’s economy
Ignore the laughable claim of the National Bureau of Statistics (NBS) that China’s economy is still growing at 6.5 percent year over year. No one believes this, least of all that country’s increasingly embattled business owners. Every company in China with more than 50 employees is required to have a Communist Party branch, and most companies of any size are required to have a Communist Party representative serving on their board of directors. Imagine the chilling effect on entrepreneurs of having a political commissar looking over their shoulder as they make business decisions. Xi has given state-owned enterprises all kinds of preferential treatment, including a virtually unlimited line of credit. Smaller, privately held companies — which are the lifeblood of any economy — are largely ignored when credit is being doled out. Business owners understand that if the party is the ultimate arbiter of what they do with their companies, then they are not its real owners. In fact, Xi’s insistence on party leadership suggests to them that their problems with rapacious officials, heavy tax burdens and extralegal exactions, not to mention in obtaining loans from state banks, will only get worse, not better.

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from The Spokesman-Review
Newspaper in Spokane, Washington

Sue Lani Madsen: Housing Policy Forums, the end of the beginning
Trying to solve tenant issues by making it harder to be a landlord is a lose-lose solution.
Spokane City Councilman Breean Beggs described it as “the end of the beginning.” In opening remarks at the last in a series of four housing policy forums, Beggs pointed to the “suite of ordinances” passed at Monday’s City Council meeting as a first step in removing barriers to new multi-family and infill housing. But he admitted those changes will take at least three years to start having an effect.

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from Sputnik
RIGHT-CENTER BIAS, MIXED, Broadcasting & Media Production Company out of Moscow, Russia

Gold Russian': Why Moscow's Bullion Reserves Continue to Set Records
This week, the Russian Central Bank reported that it had added to its gold reserves again in 2018, with the sovereign stockpile jumping by nearly 275 tonnes to 2,112 tonnes total. The stockpile, valued at close to $87 billion at today's exchange rate and comprising 18.6 percent of Russia's total reserves of $468.5 billion, has allowed Russia to enter the top five countries in terms of gold reserves, surpassing China.

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