Daily Archives: December 19, 2017

Book review: David Lough, No More Champagne: Churchill and His Money (2015)

A great read. Lost count how many times Churchill asked the tax commissioner to agree he retired as an author. Wrote a history of second world War despite retiring as an author in 1946. He was just the editor. His failure to pay his wine merchant for several years at a time is beyond the pale.

britscript

Image result for churchill cigar commons

Winston Churchill has a well-deserved reputation as a bon vivant. From the iconic cigar to the John Bull physique to the legendary consumption of Pol Roger champagne, he was a man who enjoyed life. This is fully documented in the vast biographical literature on Churchill. What is perhaps less well known is that for the majority of his long life his finances were out of control, veering from bursts of fortune to overwhelming debt. In this original study of Churchill and his money David Lough shows us the constant preoccupation the statesman had with personal finance.

Churchill was born into a background of high social status but great financial uncertainty. His father, Lord Randolph Churchill, was a younger son of the Duke of Marlborough, a radical Tory and sometime Chancellor of the Exchequer. Throughout his life he constantly struggled to maintain an income that would meet the enormous expenditure…

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PETA praises monkey used to destroy photographer

Green Jihad

People for the Extortion, Torture and Abuse of human beings (PETA) named the Indonesian crested black macaque monkey Naruto as their Person of the Year.

The monkey became famous resulting from a copyright dispute over selfies the animal took in 2011 using equipment set up by British nature photographer David Slater in the jungles of the island of Sulawesi. In an attempt to win court approval recognizing animals as sentient beings, PETA filed a lawsuit in federal court four years after the photos were taken stating that Naruto should be declared the owner of the photographs he took.

Despite the group losing the copyrights lawsuit, PETA was able to cajole the photographer into settling out of court and agreeing to donate 25 percent of the proceeds of royalties of his sales of photos of Naruto to charities geared to protecting macaque monkeys.

The whole purpose of the action by…

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The destiny of telecom regulation is antitrust

Truth on the Market

This week the FCC will vote on Chairman Ajit Pai’s Restoring Internet Freedom Order. Once implemented, the Order will rescind the 2015 Open Internet Order and return antitrust and consumer protection enforcement to primacy in Internet access regulation in the U.S.

In anticipation of that, earlier this week the FCC and FTC entered into a Memorandum of Understanding delineating how the agencies will work together to police ISPs. Under the MOU, the FCC will review informal complaints regarding ISPs’ disclosures about their blocking, throttling, paid prioritization, and congestion management practices. Where an ISP fails to make the proper disclosures, the FCC will take enforcement action. The FTC, for its part, will investigate and, where warranted, take enforcement action against ISPs for unfair, deceptive, or otherwise unlawful acts.

Critics of Chairman Pai’s plan contend (among other things) that the reversion to antitrust-agency oversight of competition and consumer protection in telecom…

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The new corporate tax landscape