Any sincere theory of property rights would bankrupt the energy sector

If you believe in the sanctity of property rights, you believe that the law should entitle you to compensation if someone damages your property; the energy sector has knowingly, willfully destroyed some of the most valuable property on earth, in large coastal cities, and if libertarians and right-wingers were sincere in their belief in private property (as opposed to mere oligarchic consolidation of wealth and power), they would be baying for the liquidation of every energy company's fortunes to compensate the owners of all that property. After all, only 25 companies are responsible for more than half of the planet's emissions. Read the rest

Privatized energy utilities are burning down their states, but antitrust can make them stop

Pacific Gas and Electric has gone from Wall Street darling to bankruptcy, thanks to the $30 billion in liability from the fires that were started in California by its power-lines. Read the rest

America's cities sue FCC for handing billions in municipal subsidy to wireless carriers

The FCC has ordered American cities to hand discounted access to public resources for 5G access, and to operate a bureaucracy that rubberstamps applications to use city resources without delay. The FCC prices this subsidy at $2 billion. Read the rest

Former Equifax CEO Richard Smith collects $90M for his last year of outstanding work

Equifax CEO Richard Smith announced his voluntary retirement yesterday, two months after the catastrophic breach that permanently leaked 140,000,000 Americans' most compromising financial data. Read the rest

Superstorms are tearing up America's crumbling, neglected infrastructure

US infrastructure spending as a proportion of GDP is at a low not seen since WWII, and that's why America's bridges, dams, roads, power plants and other key infrastructure are such easy fodder for Hurricane Harvey (and the impending Irma devastation). Trump's plan for infrastructure spending is a "ludicrous patchwork of tax breaks and privatizations" that will do nothing to solve the problem. Read the rest

Shareholder revolt at Mylan over Epipen-gouging CEO's $98M bonus

The board of directors at Mylan have rewarded former CEO Robert Coury with a $98m bonus as he steps into the executive chairman's role, having overseen a price-gouging scandal over the Epipens used by people prone to life-threatening allergic reactions. Read the rest