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POPSCorporate Personhood he courts destroyed the semblance of equal protection under law because there is no way even an individual billionaire can approximate the raw power of these large corporations with their privileged immunities, and their control over technology, capital and labor. Right now it is the reverse. The sovereignty of the people is subordinated to the sovereignty of the giant multinational corporations. Corporations were chartered in the early nineteenth century by state governments to be our servants, not our masters.
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POPSThe Pickens Plan For Wind-Powered Energy
Joseph Romm raises interesting questions about what wind power should replace, as well as the efficiency of natural gas in transportation. So does FuturePundit. # I believe more domestic production of oil is a marginally useful thing, but a long-term solution probably requires (short term) diversified energy sources - more plausible as technological progress allows us to capture, e.g., wind and solar energy more efficiently and to increase battery storage capacity - and (long term) nuclear energy. # I believe the lack of fueling infrastructure is a significant barrier to using natural gas for transportation. # I believe the scientific evidence that anthropogenic climate change is occurring is solid. # I believe the cost of oil is significantly higher than the price of oil and the negative externalities of our oil-driven economy are a problem that needs to be resolved. # I believe regulatory solutions to environmental problems are likely to result in path
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POPSWhat's So Great About America The last paragraph: "Those who have tasted the exhilaration of freedom-which entails responsibility for one's own choices and one's own life-can hardly imagine living in any other system. The core American idea is the "pursuit of happiness," which means that happiness is not a guarantee, but that you have a chance to find it for yourself. No wonder that so many young people throughout the world are magnetically attracted to what America represents: they find irresistible the prospect of being in the driver's seat of their lives. So, too, the immigrant discovers that America permits him to break free of the constraints that have held him captive, so that the future becomes a landscape of his own choosing. "
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POPSCould McCain be a victim of McCain Feingold? First it was Obama refusing "public funds" which allows him to raise as much money from as many people as he wants without limitations, and now the Supes have ruled that a multi-billionaire can in effect purchase a political office. It would appear from this 'casual observer' McCain Feingold was an attempt to 'fix' elections by controlling which candidate actually has enough money to let their voice be heard while drowning out anyone else. This is the adverse to what the intent of the law was meant to do, but in all reality I believe it is exactly what the laws sponsors actually intended. McCain therefore may fall victim to his own sponsored bill.
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POPSBloomberg As Presidential Kingmaker Billionaire Bloomberg isn't running for President but he might have a say in who wins. If the popular NYC mayor proves he has some influence in the key swing state of Florida, he could have an effect on the election's outcome.
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POPSBillionaire Blogging Mark Cuban has long had one. Ross Perot launched one last week. Carl Icahn plans to start blogging today It's clear that the prominence and success of these billionaires makes others curious what they have to say. Perot's first post was only a press release announcing the site, PerotCharts.com. It's received 74 responses in a few days.
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POPSAmazon.com The Store? Amazon has a big advantage over brick-and-mortar retailers because most of its customers don't pay sales tax. That basically adds an 8% discount to all its goods and lures more customers. But Amazon is losing that advantage as states change their sales tax codes. Billionaire Bill Ackerman has a plan. Buy Borders.
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POPSIRS Says Billionaires Owes $144 Million Billionaire Philip Anschutz gave a bank some of his stock. The bank gave him money back. Anshutz says he didn't have to pay certain taxes on the deals because they weren't sales. They sure sound like they were though.
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POPSBillionaire Indicted On Drug Charges Billionaire and Broadcom co-founder Henry Nicholas was indicted today for stock-options backdating. Not a big surprise, since there had been a very public investigation for a while. What is surprising is another indictment unsealed today that alleges Nicholas was heavily involved with illegal drugs like ecstasy and cocaine. Nicholas allegedly called them "party favors" and used them to drug industry execs and Broadcom customers. One bizarre story from the indictment: it alleges Nicholas distributed his party favors during a private flight. The indictment says that so much pot smoke filled the air, the pilot was forced to put on his oxygen mask.
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POPSPickens: Watch Out Yahoo We already know Yahoo shareholders are angry the company nixed a takeover by Microsoft. Now billionaire T. Boone Pickens says those shareholders have solid grounds to sue the company.
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POPSSoros: Oil Bubbling If high oil prices are just a bubble that is about to pop, some relief might actually be on the way.
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