Crony Capitalist N.Y. Utility Subsidy Boondoggle Now Facing Federal Lawsuit
So there's grave new trouble for New York Governor Andrew Cuomo's crony-capitalist, climate alarmist utility subsidy boondoggle: a federal lawsuit.
Since its introduction in August, CFIF has been exposing Cuomo's "Clean Energy Standard" (CES), a scheme approved by the state of New York's Public Service Commission made up entirely of his own appointees. In a nutshell, the CES creates an artificial mandate that 50% of all the state's energy be generated by carbon-neutral plants just 13 years from now. At a minimum, the CES will cost $1 billion in its first two years alone, and an estimated $8 billion over its 13-year existence. And it illustrates the sort of crony capitalism that is all too common at the federal, state and local levels because the plan's subsidies will be steered…[more]
We recently discovered that Peter Thiel, the libertarian billionaire co-founder of PayPal and early investor in Facebook, bankrolled wrestler Hulk Hogan's lawsuits against the blog network Gawker Media.
Now, as someone who considers himself a near-absolutist on free speech, I'm open to hearing arguments for why we need tort reform in these sorts of cases or why Hulk Hogan's suit undermines free expression. But so far, the media's hysteria about Thiel's third-party legal funding has been unconvincing, especially when we consider who's making the arguments.
After wading through thousands of angst-ridden…
"Donald Trump often describes President Obama's response to foreign threats as a 'disaster' and has vowed to restore America's military deterrence. So does Hillary Clinton. 'We need to respond to evolving threats from states like Russia, China, Iran and North Korea,' she said in August at the American Legion in Cincinnati. 'We need a military that is ready and agile so it can meet the full range of…[more]