Politics is the art of wealth redistribution, an eternal truth illustrated well by the various machinations employed by bureaucrats and politicians to force goods and services uncompetitive but favored politically upon the market, despite adverse economic pressures. One central recipient of this largesse is expensive electricity—wind and solar power in …
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College sports are being re-engineered in real time — not by coaches, campus leaders or even Congress, but by hedge funds. The Big Ten is advancing a multibillion-dollar private-capital deal that would spin up a new commercial arm, extend control of media rights through 2046, give investors a say in …
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The U.S. National Highway Traffic Safety Administration (NHTSA) has opened a new investigation into 2.88 million Tesla vehicles running “Full Self-Driving” (FSD). Officials say the system may be breaking traffic laws, and worse, causing accidents. According to Reuters, 58 reports describe Teslas blowing through red lights, drifting into the wrong …
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