Entrepreneurship

Amidst Detroit Banktruptcy, Spontaneous Order and Market Anarchy Flourish

"One needs to look no further than the city of Detroit to find the spontaneous order, civic cooperation, and peaceful market forces that take over when government simply isn’t around. Dale Brown and his organization, the Threat Management Center (TMC), have helped fill in the void left by the corrupt and incompetent city government. Law enforcement isn’t the only 'essential government service' that the private sector is taking over and flourishing in. The Detroit Bus Company (DBC) is a private bus service that began last year and truly shows a stark contrast in how the market and government operates." Continue reading →

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Walk-in clinics gaining popularity

"Nontraditional healthcare sites such as urgent care centers and retail clinics are gaining popularity with consumers looking to avoid the long waits and high prices of the doctor's office or emergency department. The trend is expected to continue as the Affordable Care Act's full implementation looms and concerns grow over a shortage of primary care physicians. Visits to the country's three largest retail clinics — CVS Caremark's MinuteClinic, Walgreen's Take Care Health and Kroger's Little Clinic — have skyrocketed in recent years. Their popularity, a report found, is due to their convenience, accessible hours and low cost. The average cost of a visit is about $78." Continue reading →

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A Rare – and Encouraging – Glimpse at How a Free Market Could Work in the Health Sector

"I’ve already cited the case of a North Carolina doctor who decided to use market-based pricing, and I’ve shared a very powerful video from Reason TV about a hospital in Oklahoma that’s doing the same thing. Now we have a free market revolution by a doctor in Maine: Dr. Michael Ciampi took a step this spring that many of his fellow physicians would describe as radical. The family physician stopped accepting all forms of health insurance. In early 2013, Ciampi sent a letter to his patients informing them that he would no longer accept any kind of health coverage, both private and government-sponsored. He posted his prices on the practice’s website." Continue reading →

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The Hidden Edge of Junior Mining Companies

"The problem with investing in natural resource projects, says Rick Rule, is that there’s a very low chance of success for any individual property. 'When I was in university, some forty years ago, the experts claimed that roughly one in three thousand mineralized anomalies (exploration targets) would become a mine,' Rick explained. 'With those odds of success, any particular property has a pretty slim chance of being worth something. The way people are successful in this business is by identifying the opportunities with the best characteristics – and having the ability to quickly figure out what’s in the ground.'" Continue reading →

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Is This the Future of Bitcoin?

"When it comes to Bitcoin, the fast-growing 'digital currency,' there are good ideas, bad ideas and pie-in-the-sky ideas galore. All of these were on display Thursday night when more than 300 Bitcoin investors and entrepreneurs gathered at Microsoft’s (MSFT) sleek, marble-lined offices in New York City to show off their Bitcoin-based business ideas, munch on free pizza, and ruminate on the future of virtual currency in the company of other enthusiasts. Bitcoin has inspired a range of potential businesses, from physical Bitcoin ATMs to trading platforms, to services that pay videogamers in Bitcoins." Continue reading →

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Bitfinex: Bitcoin Margin Trading

"The idea behind margin trading is simple. If you have an account at a traditional Bitcoin exchange like BitStamp of MtGox, you have two balances: a BTC balance and a USD balance. Apart from depositing and withdrawing, the only operation available to you is trading one currency for another. If you are participating in the exchange as a trader, your goal is to convert to BTC before the exchange rate goes up, and convert to USD before the exchange rate goes down, slowly increasing the net worth of your account over time. Margin trading services add only one feature to this model: the ability to have one of your balances go negative." Continue reading →

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Small Utah ISP firm stands up to ‘surveillance state’ as corporations cower

"Xmission, an independent company based out of one office in Salt Lake City, Utah, has spent nearly two decades protecting its customers’ privacy as the National Security Agency, Department of Justice, and prosecutors have ramped up pressure on internet service providers (ISPs). Owner Pete Ashdown told RT that every data collection request stops at his desk, since he is the sole proprietor of Xmission. At a larger company, a panel of stockholders would bow to government pressure, he added. 'It’s pretty basic for me. Most of their requests are not constitutional. They’re not proper warrants so I turn them back,' he said." Continue reading →

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Germany’s Bitcoin.de and Fidor Bank AG form partnership

"German bitcoin marketplace bitcoin.de and Fidor Bank AG have formed a large-scale partnership, with the online bank agreeing to provide a ‘liability umbrella’ to the marketplace operator Bitcoin Deutschland GmbH. This means the marketplace can prove it is officially following financial market regulations, such as anti-money laundering legislation. bitcoin.de hopes to lead the way as an EU-regulated trading platform with an EU deposit guarantee (up to 100,000 EUR per customer)." Continue reading →

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Beauty Offshore: A Caribbean Passport For A Chinese Restaurateur

"When Zhang Lan decided last year to file for an IPO in Hong Kong for her restaurant group South Beauty, she reorganized her holdings under an entity in the Cayman Islands. However, she didn’t just move her company offshore. She did the same to herself, applying for fast-track citizenship in the Caribbean state of St. Kitts & Nevis (pop. 50,000) under an investment scheme. Three months later a passport was delivered to her office in Beijing. In June 2012 Zhang filed for a share offering in Hong Kong as the foreign principal of South Beauty Investment Co. Ltd., a Cayman-registered company that earns its revenues in mainland China." Continue reading →

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Justice Achieved: Coffee Mug Threat Is Halted by State Attorneys General.

"See this mug? Well, you won’t see it again. Even the thought of a coffee mug like this sends chills down the spines of state Attorneys General around America. They are ever on the alert to stop crime in its tracks. So, 22 of them joined together to send a letter to the company that manufactures this mug. Stop it, they said. Stop it right now. For the sake of humanity, cease and desist. So, the company stopped it. If we did not have socially alert Attorney Generals, elected by the voters, who are in charge of billions of dollars of legal talent, this nation would degenerate into a lawless cacophony of coffee mugs, glasses, coasters, and drink holders." Continue reading →

Continue ReadingJustice Achieved: Coffee Mug Threat Is Halted by State Attorneys General.