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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
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I liked this passage
A century later, in response to the rise of the oil, railroad and banking trusts of the Gilded Age, the Ohio Republican John Sherman said on the floor of Congress: “If we will not endure a king as a political power, we should not endure a king over the production, transportation and sale of any of the necessities of life. If we would not submit to an emperor, we should not submit to an autocrat of trade with power to prevent competition and to fix the price of any commodity.” The Sherman Antitrust Act of 1890 outlawed monopolies.
I do think one of the biggest problems with capitalism today, is the rise of megacorporations, and the stifling of competition they bring. It seems like there are potentially very good cases for breaking up not only Facebook but Amazon, Google and Apple (because of the itunes store) as well. I'm also concerned about the dwindling of competition we are seeing in the communications space, and the media and TV spaces.
The bigger problem IMO is we take it as a given whatever advances we get from the current system.
I just read our local mall here use to have 9 book stores in it. There was that much more competition because it was so incredibly inefficient.
All the stores would have cost way more with way less selection. Not to mention you would have had to go to the library and look at a card catalog just to know what existed on the subject book wise. I use to love going to Barnes and Noble but I haven't bought a book there in years because the prices are absurd in store vs Amazon and they never have what I want anyway.
People just project their boredom onto the current system and want to see some action.
People talk about the system being broke when we are so incredibly rich as a society there are actually fat homeless people with smart phones.
The State Department regulations say people will have to submit social media names and five years' worth of email addresses and phone numbers.
When proposed last year, authorities estimated the proposal would affect 14.7 million people annually.
Certain diplomatic and official visa applicants will be exempt from the stringent new measures.
However, people travelling to the US to work or to study will have to hand over their information.
"We are constantly working to find mechanisms to improve our screening processes to protect US citizens, while supporting legitimate travel to the United States," the department reportedly said.
Saw this on bbc and confirmed it on other sites. I can imagine that many tourists or commercial travelers will not visit the US not because they have anything to hide but simply don’t want to have everything about them monitored by big brother.
The ironic thing is that the type of people for which this regulation is being put in place (eg hardened criminals or terrorists) will know how to avoid it!
My understanding is that the article's content applies only to people applying for a visa. Tourists from certain countries normally do not fall under this category.
That's not to say it's guaranteed that at the US border tourists won't be asked for social media details but, in broad terms, this is not expected to happen for certain countries. I remember reading an article, for example, saying that the US confirmed that tourists from the UK would generally be exempt from such requests.
xplorer - I would think that if not currently, it will be expanded to all visitors. It’s not logical to only apply it to certain categories.
In any case I’m not objecting to the regulations per se. My point is just that the whole reason for China falling foul of the West are precisely these kind of practices.
