Apple’s Advantage as a Corporate-Backed Bank Alternative
Last month, Apple launched Apple Pay Later, essentially a Buy Now, Pay Later (BNPL) service that allows users to establish a payment plan with zero interest or fees attached. Currently, the BNPL sector is booming, having achieved record growth in just a few short years thanks to fintech investments and a surge in consumer interest. […]
When Is Income Not Income?
When the Washington state Supreme Court says it’s not. But in 2021, the [Washington] state legislature ignored the plain language of the constitution, plus decades of precedent, to impose a special 7 percent tax on one type of income, capital gains. That blows through the constitutional strictures in two ways. First, as we pretty much […]
Plunder: Private Equity’s Plan to Pillage America
Yves here. On the one hand, it’s good to see more and more voices criticizing private equity’s looting. In this case, it’s Federal prosecutor and former Special Counsel for Private Equity Bredan Ballou. Understandably, he is particularly sensitive to the way private equity general partners escape liability for their bad acts via a wide range […]
Deal reached over Ukraine grain imports into EU
Poland and three other EU member states are to lift a ban on imports of Ukrainian foodstuffs under a deal reached with Brussels on Friday. The unilateral measures had raised tensions with other member states who accused Poland, Hungary, Slovakia and Bulgaria of deserting Kyiv in its hour of need as it fights Russian aggression. […]
Following the Science Right into the Oedipus Trap
We’ve long been told how much we can learn from our mistakes. (This week’s guest even wrote a book about it!) But what if a mistake is so awful, not only do we not learn from it, we can’t even live with it. This is the sort of mistake Washington Post columnist Megan McArdle calls an […]
