Sports Stadiums: Temples to Crony Capitalism

The NFL is running one of its own games on the public, and as one of the most subsidized non-profit organizations in American history, the NFL excels at tackling the American taxpayer. It should be of no surprise that with its religious-like following, the NFL receives the same tax-exempt status as a church, exempted under the IRS 501 (c) 6 code from paying federal taxes. The legislation puts the NFL as a non-profit trade association which it has been under since 1942.

Scotland and the Hoppean Blueprint for Secession

Over a week has passed since the release of the final voting results from last Thursday’s Scottish independence referendum. Upon further analysis, it would appear that (now former) Scottish First Minister Alex Salmond and Yes Scotland may have employed the wrong strategy. What they should have done is insist during pre-referendum negotiations that any unitary council area that voted “Yes” to independence would be permitted to leave the UK.

The Road to Poverty Is Paved with Small Inflations

The value of Venezuela’s currency plummeted to record lows on the black market last week, with 100 ‘strong’ bolivars exchanging for $1 (ten times lower than the official rate), and annual price inflation reaching 63%. Chavez’s successor Nicolas Maduro, continuing to denounce the “capitalist economic war” on his socialist regime, now blames airlines for trying to collect ticket revenues the government isn’t able to pay.