State Bailouts; Will They Come?
Over the last 110 years, we have chipped away at the Constitution and the founding structure of America. We are a republic, but some of those changes have altered how that republic actually functions. One important example is the 17th Amendment, which established the direct election of U.S. senators. Under the original Constitution, senators were chosen by state legislatures and were therefore accountable to the states themselves—not directly to the popular vote. That change fundamentally alt...
State Bailouts; Will They Come?
Over the last 110 years, we have chipped away at the Constitution and the founding structure of America. We are a republic, but some of those changes have altered how that republic actually functions. One important example is the 17th Amendment, which established the direct election of U.S. senators. Under the original Constitution, senators were chosen by state legislatures and were therefore accountable to the states themselves—not directly to the popular vote. That change fundamentally alt...
Ninth Circuit Weighs In
Yesterday, in a 3-0 opinion, the Ninth Circuit Court of the United States offered up an opinion on prediction markets and state regulation. Here is a good breakdown. Most of us have said this will become a Supreme Court case, and the latest ruling isn’t going to be the end of it. If the SCOTUS decides to take it up, look for it next year. The Ninth Circuit decision comes less than one week ahead of a Sept. 3 deadline for New Jersey to submit its appeal of the Third Circuit case to the Supreme...
Ninth Circuit Weighs In
Yesterday, in a 3-0 opinion, the Ninth Circuit Court of the United States offered up an opinion on prediction markets and state regulation. Here is a good breakdown. Most of us have said this will become a Supreme Court case, and the latest ruling isn’t going to be the end of it. If the SCOTUS decides to take it up, look for it next year. The Ninth Circuit decision comes less than one week ahead of a Sept. 3 deadline for New Jersey to submit its appeal of the Third Circuit case to the Supreme...
The Slow Motion Trainwreck Everyone Paying Attention Saw Coming
Brightline Is In the Red
The Slow Motion Trainwreck Everyone Paying Attention Saw Coming
Brightline Is In the Red
Idiocy Reigns in Chicago
Uff Da
Entrepreneurship To Nowhere
$50MM on The 78!
