Up until recently, Disney has had the right to more or less self-governance, but it is looking like that privilege has reached its end. On Wednesday, April 20th, the Florida Senate voted to remove the special status that Disney has held in Florida since 1967.

Days after Netflix reported bad earnings and an “unexpected” hit to their subscriber base, CNN announced that it had pulled the plug on its own brand-new streaming service, CNN+.

Never in the history of the world has the financial well-being of so many been tied to the economic competence of so few. Yet what emerged from the latest Federal Open Market Committee (FOMC) meeting (March 15–16) indicates a complete lack of the macroeconomic fundamentals.

Entitlement spending, which includes administrative spending, totals 19% of GDP:

• Healthcare spending for the elderly or indigent totals 8.6% of GDP.
• Retirement income spending totals 6.9% of GDP.
• Working-age income spending for the indigent totals 3.1% of GDP.

In each category, the outcomes are far below optimal.