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Capitalism with Chinese Characteristics

 A few years ago, as manager of the graduate economics program at the University of San Francisco, part of my job was to recruit qualified students. Consequently, I read hundreds of transcripts from Chinese students. They all had two classes in common. Some type of military training and a class called, “Socialism with Chinese Characteristics.”“Capitalism with Chinese Characteristics”

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Executive Order 14036

On July 9th, the Biden Administration issued Executive Order 14036, “Promoting Competition in the American Economy.” It takes a “whole of government” approach to improve our free-market capitalist system. Citing the trust busting of Teddy Roosevelt and the New Deal of FDR, the long executive order includes 72 separate regulatory suggestions and directives spread across“Executive Order 14036”

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Our Non-Fungible World

In 1989, Bill Gates founded Corbis to purchase and license exclusive digital rights to great works of art. Most museums were reluctant to participate. In 1995, Corbis bought the Bettman Archive of 16 million photographs for an undisclosed sum. In 2018, Dapper Labs was formed to exploit their CryptoKitties product. The CryptoKittie game allows users“Our Non-Fungible World”

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The Taxman Returns

The most recent $2 trillion tax and spend plan mooted for consideration is euphemistically titled, “The American Jobs Plan”, which is being discussed as an “infrastructure bill”, itself a euphemism for a cornucopia of benefits to be landed a variety of constituencies ranging from hard-edged union bosses to misty-eyed green new dealers. The true infrastructure“The Taxman Returns”

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Spackle that IPO!

It is always a wonder when a besmirched and ridiculed financial product becomes mainstream. We remember how, with the artful guidance of Michael Milken, junk bonds, once known as “fallen angels” made the transition to new issue high yield securities. Pointing out that a triple-A rated bond had only one way to go, Milken convinced“Spackle that IPO!”

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Staying Afloat When the Bankruptcy Tsunami Hits, Part 2 – By Neil Peretz

Given economic conditions and continuing public health concerns heading into 2021, it is looking more and more likely that a tsunami of bankruptcies are on the horizon. Don’t be caught off guard. There are things you can do in advance once you become a creditor to make sure you are well positioned to get the“Staying Afloat When the Bankruptcy Tsunami Hits, Part 2 – By Neil Peretz”

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Staying Afloat When the Bankruptcy Tsunami Hits, Part 1 – By Neil Peretz

  Dear Clients and Friends, We are going into the new year with economic uncertainty. Neil Peretz (a bankruptcy expert that I’ve worked with on multiple occasions) shares his insights on how to deal with customers that owe you money. We hope that everyone does well, but, some of you may have to deal with“Staying Afloat When the Bankruptcy Tsunami Hits, Part 1 – By Neil Peretz”

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