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]
The battle over Airbnb is taking center stage at the Democratic National Convention. The fight is emblematic of the dispute between Republicans and Democrats over who should steer the economy: government regulators on the one hand, or consumers and business innovators on the other.
Democrats are attacking Airbnb and similar internet sites that enable people to earn cash renting their homes out. Senator Elizabeth Warren and several like-minded lawmakers are calling on the Federal Trade Commission to crack down. They're determined to regulate everything. They claim to be for the little guy, but…
"Iran's leaders, according to the nation's state-run press, now expect 'billions of dollars' in exchange for US hostages they're holding in Tehran's notorious Evin prison. Proving, yet again, the problem with ransoming hostages. ...Iran's hostage-taking habit is just one more mess the next president will have to clean up."…[more]