Gongol.com Archives: May 2017
May 10, 2017
The public deserves answers about the Comey firing
If institutions matter, then processes must be held as important as outcomes. The rule of law depends on it.
The former acting attorney general just told the Senate that she tried to warn the White House that they were opening the door to grave trouble by letting Michael Flynn become the national security advisor. The trouble was that he could be subject to blackmail -- a serious problem for the NSA.
Australia's treasurer wants banks to pay a new tax but not pass it along to customers
He says, "Don't do it -- they already don't like you very much," reports the Australian Broadcasting Corp. Nobody should rise to a position of real power without understanding that tax incidence has nothing to do with who likes whom. It's simple: Cutting the check isn't the same as paying the price. Taxes are always -- always -- shared between buyers and sellers in some proportion, depending largely upon who "wants" the transaction more.
"Lateral entry" into the Marine Corps
They're looking seriously at letting people enter the Marines without going through conventional boot camp training, as long as they bring necessary technology-related skills. It really may be time to open up a distinct branch of the military devoted to cyberwarfare.
Tribune Media sells out to Sinclair
The purchase price is $3.9 billion plus outstanding debt. Sinclair has quietly covered a huge portion of the country with its owned-and-operated broadcast outlets. A prominent Chicago media columnist reports the story with a dark headline, seeing it as an ominous political move. It might better be portrayed as another step in the demise of proprietor capitalism -- a process which has its own drawbacks.
When you can't even turn a profit on a casino...
The "Trump Taj Mahal" has been liquidated at pennies on the dollar from its original cost