free market

Google announces experimental superfast Internet service to be installed in Austin, Texas

"Google announced Tuesday that its experimental superfast Internet service will spread to Austin, the Texas home of a South By Southwest festival beloved by technology trendsetters. Google Fiber should start connecting its so-called gigabit Internet to homes in Austin, the Texas state capital and a hotbed for Internet entrepreneurs, by the middle of next year, said vice president of access services Milo Medin. Google Fiber debuted in Kansas City and in November began providing users there with Internet service that moves data at a blazing gigabyte per second, about 100 times faster than the speed provided by typical broadband connections." Continue reading →

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Bitcoin Crash Spurs Race to Create New Exchanges

"The rush to build a more reliable exchange for the virtual currency bitcoin is under way after another price crash on Wednesday disgruntled customers who directed their anger against the alternative currency's major exchange. This follows a 20 percent crash last Thursday which Mt.Gox blamed on a type of hacking attack called a distributed denial-of-service attack (DDoS) -- which slows down the website -- delaying orders and panicking sellers. Another DDoS was again reported by the exchange on Thursday morning, coinciding with another price drop." Continue reading →

Continue ReadingBitcoin Crash Spurs Race to Create New Exchanges

Trust in Gold Not Bernanke as U.S. States Promote Bullion

"Lawmakers in Arizona are poised to follow Utah, which authorized bullion for currency in 2011. Similar bills are advancing in Kansas, South Carolina and other states. The Utah Precious Metals Association, established after passage of the 2011 law to advocate for the use of gold and silver coins, has about two dozen members enrolled in a two month-old bill-pay service in which their accounts are held in gold, said Lawrence Hilton, the group’s chairman. Hilton envisions a future with an alternative monetary system based on precious metals in which merchants accept silver coin while gold mostly backs electronic transfers." Continue reading →

Continue ReadingTrust in Gold Not Bernanke as U.S. States Promote Bullion

As marijuana goes legit, investors rush in

What's striking is how conventional many of the business people's backgrounds — and their plans — increasingly are. Instead of backing marijuana dispensaries, investors such as Privateer and San Francisco-based ArcView Group are rushing to find consulting firms, software companies and insurance agencies to serve the new market. Even Privateer's strategy of merging small companies to form a big one is familiar: In traditional buyout shops, it's called a 'roll-up.' Just don't say that word to Kennedy, unless you want him to blush. Scratch the term 'growing the business' — he catches that one in midsentence, correcting his wording to 'expand.'" Continue reading →

Continue ReadingAs marijuana goes legit, investors rush in

Texas vs. California

"I’ve been pointing out the differences between California stagnation and Texas prosperity for quite some time. And since California voters approved a new 13.3 percent top tax rate last November, I expect the gap to become even wider. Simply stated, California is the France of America and Texas is the Cayman Islands of America. So it’s understandable that the Governor of Texas is telling employers in California that his state has a better climate for job creation. Texas is clearly doing better on jobs, and it’s easy to avoid higher taxes when you obey Mitchell’s Golden Rule and restrain the burden of government spending." Continue reading →

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Unhappy about new limits, gun makers urged to move to New Hampshire

"Firearms manufacturers upset over newly restrictive gun laws and proposals in their home states are getting a message from other places: Move here, where the climate is favorable to your products, and so are the tax codes. When the debate over gun laws reignited after the mass shooting in Newtown, Conn., in December, critics of proposals to toughen state laws cautioned that gun manufacturers could move and take local jobs with them. And indeed, now lawmakers and residents in a few states are using restrictions on guns recently passed and proposed elsewhere as an opportunity to attract affected businesses." Continue reading →

Continue ReadingUnhappy about new limits, gun makers urged to move to New Hampshire

What Can We Learn by Comparing the Employment Situation in Texas vs. California?

"One of the great things about federalism, above and beyond the fact that it both constrains the power of governments and is faithful to the Constitution, is that is turns every state into an experiment. We can learn what works best (though the President seems incapable of learning the right lesson). We know, for instance, that people are leaving high-tax states and migrating to low-tax states. We also know that low-tax states grow faster and create more jobs. I particularly enjoy comparisons between Texas and California. The Lone Star State is kicking the you-know-what out of the Golden State in terms of overall economic performance." Continue reading →

Continue ReadingWhat Can We Learn by Comparing the Employment Situation in Texas vs. California?

Decentralizing Science: Local Biohacking

"Far-out ideas make established scientists uncomfortable. If your entire career was built around the fax machine, phrenology, the geocentric model or the beeper, you’re not too excited about these crazy kids and their ideas. There is a lot of untapped brainpower out there. The state education mill is a barrier to entry, a great divider — a credential firewall. MOOCs and badges may displace the academic cartel, but not without vested interests fighting to halt creative destruction along the way. Statistician and philosopher Nassim Nicholas Taleb recognizes that 'stochastic tinkering' rather than systematic, institutional agendas yield the greatest discoveries." Continue reading →

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Cuba auctions cigars to raise money for health system

"An auction of luxury cigar humidors in Cuba fetched $1.1 million, which will go toward the public health system, the state news agency said Sunday. The sale came at an international cigar festival attended by celebrities such as American actor Danny Glover and German tennis great Boris Becker, Prensa Latina said. Six fancy wooden humidors containing between 350 and 550 cigars each were sold at the auction Saturday night, the report said. Glover received a silver sculpture in thanks for his support for Cuba and for his role in the 'fight for peace and justice,' the agency said." Continue reading →

Continue ReadingCuba auctions cigars to raise money for health system