January 27, 2006

Bizzy’s AM Coffee Biz-Econ Links (012706)

Free Links:

  • Lender Will Not Do Eminent-Domain Deals Now Allowed by KeloBB&T Holdings (indirect HT to Volokh; also announced at the Institute for Justice) “will not lend to commercial developers that plan to build condominiums, shopping malls and other private projects on land taken from private citizens by government entities using eminent domain.”
  • Chinese Economic Growth: 9.9% in 2005, after a revised 10.1% in 2004. Credibility questionable, but there it is.
  • “Smiling Bob” Crooks Admit Guilt — These are the people who brought us those obnoxious ads for Enzyte. It seems they liked running people’s credit cards through multiple times even when they hadn’t placed automatic-repeat orders, to the tune of millions of dollars, and then resisted giving refunds when asked. The prosecution can dash any thoughts of leniency by playing the commercials for the judge at the sentencing hearing.
  • More Wal-Martian chronicles — “Thousands apply for jobs at new Wal-Mart” (HT Best of the Web and EU Rota). 25,000 applicants for 325 jobs, to be exact. That’s not the madness. What IS crazy is that the store is located one block outside Chicago’s city limits on the South Side in the suburb of Evergreen Park. This occurred because Chicago’s city council wouldn’t allow the Wal-Mart to be built inside the city. The company reports that 24,500 of the 25,000 applicants are from the city. Think of all that commerce lost. Well, if the city wants to become the bedroom community of the suburbs, I guess that’s their choice. Steve Bartin says, “What better example of Blue city America in decline (is there) than this?” Update: PunditReview.com has a great post on, among other things, what Wal-Mart has meant financially to shoppers in terms of money saved.
  • Another state (Wisconsin) appears close to enabling its consumers to freeze their credit files unconditionally. Since Congress can’t get a meaningful law through, the states are stepping in. This is creating a hodge-podge of new laws for the credit bureaus to deal with, but maybe the hodge-podge will convince them to give in to national unconditional freeze legislation. It’s long overdue.
  • Politically Incorrect, but Totally Correct, Column of the Day — “We can eliminate poverty on Indian reservations by eliminating Indian reservations.
  • WelfAir America — Following up on this post yesterday, Pardon My English blogged Bill O’Reilly’s interview of Air America Radio investigator Brian Maloney of Radio Equalizer. Bottom line: One rich guy with infinitely more money than sense is keeping AAR from collapsing. Question: Are Al Franken’s ridiculously outsized earnings (including a LOT of money up-front) from a network that is funded by one guy a “clever” way of circumventing campaign-finance law and underwriting a possible Franken run for the US Senate in Minnesota?
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