Mandatory arbitration clauses forced by the banking industry onto its customers are banned as to active service members under the Military Lending Act.
So, a 4-star general with a Harvard degree enjoys this protection, but a poor struggling veteran does not.
If Congress recognized those mandatory arbitration clauses as predatory & one-sided, why not extend that ban to benefit all Americans?
@yarotrof The supposed tunnel under the Bering Strait is not a huge infrastructure project; it’s a nonsensical pie in the sky. Virtually nobody lives on either side of the strait, and even assuming it was technically feasible, it would likely be the world’s worst investment ever.
What's more pathetic -
(1) Russia sanctioning Western high school students for exposing Russian officials' crypto-corruption,
or
(2) Russian corrupt officials being so incompetent that a high school student can discover their corruption?
Proud to be the first high school student in the world to ever be sanctioned by an authoritarian regime for uncovering corruption. It just proves that the work I’ve done to expose Russias sanctions evasion stablecoin, A7A5, has touched a raw nerve.
https://t.co/b0voHBkqG7
@ianbremmer Far too high a threshold. You need a way to vote a leader out of office any time the voters get bored of him or her. Or simply fancy someone else more.
37 years ago today, the Chinese government brutally crushed peaceful protesters in and around Tiananmen Square who were demanding an end to corruption, freedom of speech, and democratic reform. The massacre revealed a truth the world should never forget: the Chinese Communist Party will do whatever it takes to preserve its grip on power. If it did not value the lives of its own citizens, why would it value the lives of others?
@Noahpinion Hilarious that Grok also thinks so - along with several anti-drone defense companies, the DoD, and the UK MoD. They must have all watched the Matrix.
@Grok can drones be taken out with EMP? Provide examples of companies that are developing EMP type anti-drone systems.
@SariArhoHavren Bildt thinks in terms of economic theory while China is using predatory trade as a geopolitical tool to advance its national security goals.
@Noahpinion@TrentTelenko Skynet is here, but we love it because it was created by the good guys and it’s being used to fight the bad guys.
For the moment.
1/6
Financial Times: "A company-level OECD analysis of government subsidies across 15 key industrial sectors found that nearly 60 per cent of Chinese firms’ global market share gains since 2005 could be attributed to subsidies."
https://t.co/o2mcZeaagi
@Noahpinion Glaringly missing from that article: the actual number of Americans leaving the US annually. We’re assured it’s high, but overall there’s only 4-9mm Americans living abroad, or 1-2.6% of US’s population. Doesn’t seem high.
Unmistakable sign of decline, or unmistakable alarmism?
Imagine Andrew Tate at Davos.
Imagine the global captains of industry at Davos being greeted by Swiss people in traditional garb, performing a traditional Swiss dance.
Russia’s St. Petersburg economic forum is a third-rate provincial circus. And Putin is the sad clown-in-chief.
The $80 billion that Alphabet is raising doesn’t go to AI infrastructure built: $30 billion will be used to pay tax on employee stock awards.
In effect, average investors pay the income taxes of multimillionaire Google employees.
The AI fundraises have entered ripoff territory.
The SpaceX IPO is likely to result in a huge transfer of wealth from regular investors, including retirement investors, to billionaires and private equity firms. A big portion of the fundraise is going be used to repay existing, private investors.
Morningstar values SpaceX at $780 billion — about half its IPO target: The research firm says SpaceX has been significantly overvalued and warns investors to wait for better prices after the debut https://t.co/9EGiohTwKY
@CNN Tis the same guy who urged his fans to murder Florida Senator Rick Scott and to kill landlords who increase rents and “fill the streets with their capitalist blood”?
Why would any country want to admit a foreigner who incites murder and violence?
@Noahpinion Quite obvious that reducing poverty reduces crime, when you look at societal level: poor societies see far more crime than say Monaco or Luxembourg today: they lack financial surplus to establish an efficient state w/ courts, police & prisons, which greatly reduce crime.
“Already, more than 40 Chinese solar firms have gone bankrupt, been acquired or delisted from stock exchanges since 2024. One-third of the workforce of the country’s five biggest solar-industry firms has been laid off” https://t.co/QRuclymUwm
The remarkable news here is not (just) that Russian economists confronted Putin with the dire situation in which he placed Russia’s economy, but that this was leaked to the public.
This story suggests that “the emperor has no clothes” moment might have arrived in Russia.
Bloomberg News exclusive:
Vladimir Putin has been told by senior Russian officials that the war in Ukraine is becoming unaffordable, the most serious sign of internal division in Moscow since the full-scale invasion began
https://t.co/gpk6OChdlC