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January 3, 2024
Imagine two companies in the same business––generating and delivering information to consumers. One has done it for more than 170 years, the other––founded in 2015––for about 15 months. The older company invests substantial financial resources in paying its employees to create “original works of authorship” that are so valuable that “more than 10 million subscribers pay”…
March 16, 2023
Now that the bailout of the Silicon Valley Bank depositors at 100 percent rather than the nominal $250,000 limit has been announced, it is difficult to discern whether the primary motivation is avoidance of future bank runs by small businesses and the like, or an old-fashioned effort to reward the wealthy friends of the Democratic…