News Story of the Day: here comes the cronyism…
Amazon announced that it is planning on opening its second headquarters in North America. This unleashed a barrage of cities to enter into a bidding war to win the near trillion-dollar company’s offer. But what does this mean to bid for the second HQ?
Well, the likes of Toronto, Chicago, Dallas and San Diego are offering everything from incentives to tax cuts. In other words, municipal taxpayers will be on the hook to lure in Amazon for the promise of creating tens of thousands of jobs and generate billions of dollars in economic stimulus.
Amazon is a sublime company, but it can’t stay at the top forever. So, what happens if Amazon needs to scale back operations? Politicians don’t care; they just want to cut the ceremonial red tape.
Chart of the Day: like the Boston Red Sox, many people much prefer Apple’s Watch than the other products available on the open market. This chart showcases how Apple is destroying Samsung and others.
Illustration of the Day: today, there is such a double standard in school choices. To teachers, it is wrong to sport a MAGA shirt, but it is perfectly acceptable to wear a Che Guevara t-shirt. This illustration highlights the disparities:
Quote of the Day: in light of the news that marijuana costs are coming down, it would be an opportune time to quote former Congressman Ron Paul and his take about the war on drugs:
“I think the federal war on drugs is a total failure. You can at least let sick people have marijuana because it’s helpful, but compassionate conservatives say, well, we can’t do this–the federal government’s going in there and overriding state laws and putting people like that in prison. Why don’t we handle the drugs like we handle alcohol? Alcohol is a deadly drug. The real deadly drugs are the prescription drugs. They kill a lot more people than the illegal drugs. The drug war is out of control. I fear the drug war because it undermines our civil liberties. It magnifies our problems on the borders. We spent, over the last 40 years, $1 trillion on this war. And believe me, the kids can still get the drugs. It just hasn’t worked.”
Tweet of the Day: it seems like nobody in the mainstream understand why Kim Jung-un is acting in the way he does. It’s simple: the U.S. has invaded foreign lands before, the U.S. has changed governments (democratically elected or otherwise) and the U.S. muscles its way into the domestic policies of foreign countries. No one on the left or right gets this, except for perhaps Glenn Greenwald:
Seems one big reason some countries want nuclear weapons is to deter a certain nation that invades, bombs & regime-changes at will. https://t.co/C03ZBe5VQG
— Glenn Greenwald (@ggreenwald) September 8, 2017
Video of the Day: free market economist Thomas Sowell makes an important point about today’s education system: teachers are telling you it’s imperative to take a stance on an issue, but they’re not telling you to know the facts of said issue. Here is an interview Sowell did a few years ago:
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