Does T-Mobile’s Binge On Service Violate Net Neutrality? Probably, Which Is All You Need To Know About Net Neutrality.

At the heart of so-called Net Neutrality, the official-though-hopelessly-vague-and-hopefully-illegal policy of the FCC, is the idea that all data streamed over the internet should be treated equally.

Simply as a description of how data is handled on networks, that’s wrong for many reasons. And when it comes to “zero-rated” services, which allow users unlimited access to some subset of data, it can be obviously pernicious.

As Mike Godwin wrote here last year, opposition to zero-rated services—such as free Wikipedia or limited Facebook access in the developing world—plainly works againt the interests of impoverished end users, starving them of content and information in the name of some devotion to an abstract goal.

But what about here in the First World, or at least the United States? In league with Net Neutrality zealots, the FCC is taking a long look at T-Mobile’s Binge On service, which allows users to stream Hulu, Netflix, HBO, Sling, and other video and music services without having that data count aganst their monthly usage caps. In order to facilitate that, T-Mobile downgrades the signals. It’s that action that has groups such as the Electronic Frontier Foundation (EFF), which once employed Godwin and provided the legal oomph to help overthrown the awful Communications Decency Act in the 1990s, all upset.

From an interview  at Forbes with Tech Freedom’s Evan Swartztrauber by the Manhattan Institute’s Jared Meyers:

[Swartztrauber]: With Binge On, T-Mobile reduces video resolution to optimize it for smartphone screens. While the change in video quality is hardly noticeable to a consumer, as 480p (DVD-quality) streams look great on small screens, the optimization helps T-Mobile mitigate network congestion and improve overall customer experience….

The FCC’s Open Internet Order codified certain principles of net neutrality for broadband providers: No blocking of lawful content, no unreasonable discrimination or throttling, and no paid prioritization. But it did not make a clear judgment about free data given away through zero-rating programs, which include Binge On. Instead, the FCC said it will judge these offerings on a case-by-case basis. Net neutrality, in its most extreme form, requires that all Internet traffic be treated exactly the same with few, if any, exceptions. Under this interpretation, any type of zero-rating should not be allowed at all. This is why some self-styled “consumer advocacy” groups oppose Binge On. In other words, T-Mobile’s exemption of video streams from data caps is not the issue that EFF is fighting. EFF argues that when T-Mobile optimizes or downgrades video quality, it is in violation of the FCC’s no-throttling rule.

It isn’t clear yet whether and how the FCC will rule in this case, though at Swartztrauber notes, because of the United States’ outsize global influence, that ruling will have a world-wide impact (and India has already shut down Free Basics, a stripped-down, zero-rated version of Facebook). A proposed zero-rated plan at the old carrier Metro PCS was important in the development of Net Neutrality and the current head of the FCC, Tom Wheeler, seems very interested in flexing his muscles. As important, the idea of the FCC (or any government authority) working things out on a “case-by-case” basis is deeply troubling as it guarantees confusion and un-level playing fields by building in the possibility of government action.

As Meyer observes: “This is another war against consumer empowerment, in the name of consumer empowerment. Not only are regulators always at least one step behind innovators, but their vague language stands in the way of innovation and competition. If the FCC rules against T-Mobile, it will serve as another example of regulators myopically focusing on one objective, while ignoring all the nuances and negative consequences of their crusade.” Whole thing here.

The purported standard for much government regulation of business is supposed to be whether a particular rule or practice helps the consumer, not its effect on existing firms. In reality, that standard is rarely kept front-and-center in deliberations and the case for or against something is discussed largely in whether it increases or decreases the number of companies in an often-arbitrarily defined market. Hopefully, this sort of case, in which T-Mobile customers are getting a free service that they can either accept or reject, will help show that Net Neutrality is unnecessary at best and counterproductive at worst. Do we have more choices or fewer choices for better or shittier services when it comes to Internet and mobile carriers?

Despite what you’ve heard (including often-fantastical comparisons to foreign countries), things are getting better all the time on that front.

Court challenges to the FCC’s Open Internet Order are proceeding apace, so all of this may be water under the bridge. Indeed, it is far from clear that the FCC has the statutory authority to be doing what it’s doing.

Last year, FCC Commissioner Ajit Pai, who voted against Net Neutrality rules, called Net Neutrality “a solution that won’t work to a problem that doesn’t exist.” Watch below. Read transcript here.

from Hit & Run http://ift.tt/1XvWji9
via IFTTT

Ted Cruz Is a Threat to Your Citizenship Rights

If you think that’s hyperbolic you should take a look at his Expatriate Terrorist Act. It’s a terrifying piece of Ted Cruz Clown Carlegislation would jeopardize the citizenship rights of ALL Americans under the guise of preventing 12 ISIS fighters from returning to the country. That’s why Sen. Rand Paul, who had himself previously called for revoking the passports of Americans who join ISIS, is opposing the Cruz bill. So should all civil libertarians of all political persuasions.

 I note at The Week that Cruz’s bill is dangerous because it is so unnecessary:

If the government has evidence that these folks [the alleged ISIS fighters] are indeed terrorists, then why should it merely strip them of their citizenship and stop them from returning home (or leaving if they are already here)? Why shouldn’t it also prosecute them? And if it doesn’t have evidence, then why should they face any consequences at all?

The only way to understand Cruz’s bill is that it aims to give government the power to take away the citizenship not of Americans against whom it actually has hard evidence — but against whom it doesn’t.

Go here to read the column and fully understand the awfulness this bill is.

from Hit & Run http://ift.tt/1RKr02L
via IFTTT

The Smart Money Is Most Worried About These Four Brand New “Tail Risks”

When BofA’s Michael Hartnett releases his monthly Fund Managers’ Survey, the one chart we always head straight to is the one laying out what the “smart money”, aka the polled investors who make up the survey, is most worried about, or as they put it: what are the biggest “tail risks.”

The chart below shows that as recently as a month ago, what jept everyone at night by a substantial margin, with 45% putting it as their top fear, was a China Recession, followed by an EM debt crisis.

 

How things have changed in the subsequent month.

As the chart below shows, the biggest investor fear in February had nothing to do with a Chinese recession or an EM Debt crisis, and everything to do with the dreaded “R” word right inside the gold ole’ US of A. In fact, four of the top “tail risks” are brand news, and in addition to a US recession include energy debt defaults, quantitative failure and a topic we have been covering since mid-2015, China’s relentlessly encroaching capital controls.

 

To be sure, calling for a US recession as recently as December was heresy, and even now using the ‘R’ word is normally met with derision along with a line of standard-market-responses as to why that is nonsense (yield curve not inverted, services will save us, …but why would The Fed have hiked rates). However, as BofAML’s latest investor survey finds, not only does a great majority believe global growth is in “late cycle,” but the biggest tail-risk is a US recession, outworrying geopolitical risk.

Confirming fears that not only was a Fed hike an error, but that instead the Fed should be planning to cut rates, the percentage of “smart money” thinking the global economy is “late-cycle” rises to highest level since Aug’08 with 19% now believing a recession is likely to occur in the next 12 months (up from 12%).

Which leads us to the next question: is a US recession now “priced in”, and what will be the next bad news catalyst to force the next, and completely unexpected, leg lower in the stock market?


via Zero Hedge http://ift.tt/1RKql1d Tyler Durden

Fed President and Assistant Treasury Secretary Says What Everyone Knows: We Need to Break Up the Big Banks

 

The President of the Federal Reserve Bank of Minneapolis – who oversaw the Troubled Asset Relief Program (TARP) as Assistant Secretary of the Treasury for Financial Stability (Neel Kashkari) – says that the nation’s biggest banks remain too big to fail and pose significant risk to the economy

Kashkari joins the following top economists and financial experts who believe that the failure to rein in the “too big to fail” banks is unacceptable:

  • Current Vice Chair and director of the Federal Deposit Insurance Corporation – and former 20-year President of the Federal Reserve Bank of Kansas City – Thomas Hoenig (and see this)
  • Former Federal Reserve Bank of New York economist and Salomon Brothers vice chairman, Henry Kaufman
  • Dean and professor of finance and economics at Columbia Business School, and chairman of the Council of Economic Advisers under President George W. Bush, R. Glenn Hubbard
  • Former chief economist for the International Monetary Fund, Simon Johnson (and see this)
  • President of the Federal Reserve Bank of St. Louis, James Bullard
  • The leading monetary economist and co-author with Milton Friedman of the leading treatise on the Great Depression, Anna Schwartz
  • Economics professor and senior regulator during the S & L crisis, William K. Black
  • Professor of entrepreneurship and finance at the Chicago Booth School of Business, Luigi Zingales
  • The Director of Research at the Federal Reserve Bank of Dallas, Harvey Rosenblum
  • Director, Max Planck Institute for Research on Collective Goods, Bonn, and Professor of Economics, University of Bonn, Martin Hellwig

And the head of the New York Federal Reserve Bank – and former Goldman Sachs chief economist – William Dudley says that we should not tolerate a financial system in which certain financial institutions are deemed to be too big to fail.

Federal Reserve Board governor Daniel Tarullo also backs a cap on the size of banks, and Former Treasury secretary under Reagan and George H.W. Bush, Nicolas Brady, says that we need to put a cap on leverage.

Top Bankers Call for Big Banks to Be Broken Up

While you might assume that bankers themselves don’t want the giant banks to be broken up, many are in fact calling for a break up, including:

  • Former managing director of Goldman Sachs – and head of the international analytics group at Bear Stearns in London- Nomi Prins
  • Numerous other bankers within the mega-banks (see this, for example)
  • Founder and chairman of Signature Bank, Scott Shay
  • Former Natwest and Schroders investment banker, Philip Augar
  • The President of the Independent Community Bankers of America, Camden Fine

Why do so many top bankers, economists, financial experts and politicians say that the big banks should be broken up?

Because they’re no longer acting like banks, and are destroying the economy.


via Zero Hedge http://ift.tt/1mFRkOp George Washington

Police Arrive for Suicidal Dad, Shoot Him 11 Times as He Lay in Bed, According to Family Lawsuit

Another cautionary tale about thinking twice before calling police. The Charleston Gazette-Mail out of West Virginia reports:

Donna Spry called her husband’s doctor, crying.

Curly Spry was refusing to go to his appointment. He was suicidal, off his medication and had a gun, his wife said.

Call 911, the doctor’s staff instructed her.

Less than an hour later, Curly Spry was dead. He had been shot 11 times by troopers with the West Virginia State Police, according to a lawsuit filed by Donna Spry last month in Kanawha County Circuit Court.

The family is suing for $11 million—their attorney told the Gazette-Mail that the agency’s insurance covers $1 million per incident.

Spry was shot in the head and chest, and his family claims in the lawsuit he was lying in bed when police shot him. At the time, police claimed Spry had pointed his gun at them. Spry’s wife says she called 911 and requested an ambulance, not cops, for her husband. She was on the phone with 911 when her husband was shot, and according to the lawsuit one of the troopers forced her to hang up the phone after he shot her husband.

from Hit & Run http://ift.tt/1QjmicX
via IFTTT

Consumer Confidence Crashes To 23-Year Low In Norway As Growth Grinds To A Halt

When last we checked in on Norway, we outlined what we called the country’s “currency conundrum.”

The economy desperately needs stimulus in the face of the inexorable decline in crude, but here’s the rub as we described it last month: In order to fund the fiscal stimulus the economy needs to stay on its feet, Norway is tapping into its sovereign wealth fund. In short, expenditures are set to exceed revenues and so, it’s time to tap the piggy bank which, at $830 billion, is the largest rainy day fund on the planet. The problem here is that oil proceeds must be converted to kroner before they can be used to cover budget needs. That means the Norges bank is a buyer of NOK.

But by buying NOK, the Norges Bank is feeding into krone strength just when the economy needs a weaker currency to buoy exports and keep Norway from falling behind in the global currency wars.

So in the simplest possible terms, they’re damned if they do and damned if they don’t

As you can see from the following charts, the krone has been depreciating against both the EUR and USD over the past year and lower oil prices certainly contribute to the cause, but really, Norway needs as weak a krone as possible and the FX purchases to plug the budget gaps aren’t helping – as you can surmise from the USD chart:

“This will add pressure to the appreciation of the krone,” DNB ASA’s Magne Oestnor said in January after Norway said it would buy 900 million kroner ($104 million) a day in February as it converts its oil income into local currency to cover budget needs.

On Tuesday, we got the latest GDP data out of Norway and as expected, economic growth has flatlined. Mainland GDP, which excludes oil, gas, and shipping, rose just 0.1% in Q4, and Q3 was revised to unchanged.

“The economy of western Europe’s biggest oil producer has been struggling to withstand a plunge in oil prices [as] companies such as Statoil ASA have cut thousands of jobs, sending ripples through the rest of the economy,” Bloomberg writes. “Exports fell 2.9% in the fourth quarter, while petroleum and shipping industry output decreased 5.6%.” 

Here’s the full breakdown from Goldman:

  1. The expenditure breakdown showed strong private consumption at +0.6%qoq (after +0.2%qoq in Q3). Government consumption rose by +0.3%qoq on the quarter, while mainland investments weakened by -0.4%qoq. The softness of investment was mainly driven by a 2.7%qoq fall in government investment, representing somewhat of a payback from the +12.3%qoq increase in Q3. Mainland exports fell 1.0%qoq, while imports rose +1.4%qoq, leading to net trade weakening by -0.7%qoq. Inventories (and statistical errors; the headline growth figure is extracted from the production side of the national accounts) contributed +0.5%qoq to mainland growth in Q4.
  2. The GDP breakdown from the production side showed that mainland manufacturing GVA fell 1.5%qoq in Q4 (after -2.5%qoq). The weakness was concentrated in the repair and installation of machinery and equipment (-9.6%qoq after +0.1%qoq). Service production GVA rose by +0.1%qoq, while general government GVA remained steady at +0.5%qoq
  3. Total GDP (mainland plus offshore) fell by 1.2%qoq in Q4, somewhat weaker than expected (Cons: -0.4%qoq). Offshore GDP fell 5.6% on the quarter, driven by a 6.8%qoq fall in offshore stocks, and a 5.5%qoq fall in offshore net trade. More relevant for mainland support industries, offshore investments fell 2.6%yoy in Q4 after a 8.6%qoq fall in Q3.
  4. There were some downward revisions to past growth with today’s GDP vintage. Q3 mainland GDP growth was revised down 0.2pp from +0.2%qoq to 0.0%qoq, while Q2 and Q1 GDP growth was revised down 0.1pp to +0.2%qoq. Including all revisions, the level of Q3 GDP now stands 0.5% lower relative to the previous national accounts vintage.
  5. Today’s GDP release shows mainland growth at +0.4%yoy, below Norges Bank’s forecast of +1.0%yoy. While today’s data show a small acceleration in growth between Q3 and Q4, the downward revisions to GDP over the previous quarters have created a substantial downward surprise to the year-on-year figure when compared to Norges Bank’s forecast. Today’s Q4 GDP growth print of +0.1%qoq is slightly weaker than the +0.2%qoq indicated by our CAI.

Meanwhile, we also got a look at consumer confidence on Tuesday and (surprise!) it plummeted to a 23 year low:

So, what comes next you ask? Well, with Russia and Saudi Arabia having failed to stabilize oil prices by promising to freeze output at record levels, with the ECB and the Riksbank still in easing mode, and with Norges bank kroner buying running at a NOK900 million per day clip, we’ll probably see a rate cut. 

This confirms a March rate cut,” DNB’s Kyrre Aamdal told Bloomberg by phone. “The future growth outlook is fragile,” Handelsbanken’s Marius Gonsholt Hov adds.

Remember, the Norges Bank is still sitting at 75 bps. That’s a positive 75 bps, for everyone who has by now become conditioned to thinking solely in terms of NIRP when it comes to Europe. 

But make no mistake, a token 25 bps cut won’t do it when it comes to shoring up the economy and driving the krone down, especially considering what Draghi is likely to announce next month. That means you can expect Norway to careen into recession in the not-so-distant future. We close with a quote from Erik Bruce, a senior economist at Nordea: “Recession is absolutely a risk.”


via Zero Hedge http://ift.tt/1onqeNO Tyler Durden

Here’s the financial advice the government gave me 20 years ago…

It was close to twenty years ago that I sat in my first personal finance class, learning how to invest money I didn’t have for a “retirement” that seemed inconceivably far away.

It was my first year at the academy. And the government thought it appropriate to ensure that its future Army officers had sufficient acumen to manage their finances.

Their sage advice back then was to buy stocks, hold for 40-50 years, and then rotate into bonds.

(Funny how the government’s finance class encouraged us to buy government bonds.)

The idea was to build wealth through stocks, which conventional wisdom tells us will increase in value.

Then, generate stable income from government bonds, which are “safe” and provide much needed supplemental income for retirees.

It’s become clear to me over the years that this story is completely wrong.

The belief in finding safety by loaning your money to a bankrupt government that has no hope of ever repaying its debts is completely ludicrous, especially given that their interest rates are either negative or well below the rate of inflation.

For anyone that has the courage to look beyond the mainstream, there are a number of much more profitable and stable asset classes available to grow your wealth and generate income.

1. Private Businesses

Private businesses are almost unparalleled in wealth creation, and can offer superior risk-adjusted returns to anything out there in public markets.

I’m not talking about investing in tech startups trying to find the next Google (though investing in startups can also provide outsized, risk-adjusted returns).

I’m talking about acquiring shares of more mature, privately held businesses.

These would typically be medium-sized companies that have a 20+ year history of generating profits.

There is a limited market for these opportunities (as there usually is for any great deal). But they do exist.

Business brokers around the world often list these types of companies at between two and four times their annual earnings.

This means that it’s possible to generate a 50% return on your investment. And if you have skills or access to management that can grow the earnings, the returns can be even higher.

Mature businesses with long operating histories may even qualify for bank financing, thus reducing the amount of upfront capital you need to purchase the business.

I’ve been involved in a few of these deals myself where banks have stepped forward to provide most of the financing necessary to buy a mature business based on the company’s long-standing operating history.

In comparison to loaning money to a bankrupt government for a one-percent annualized return, this strikes me as a no-brainer asset class to consider.

2. Royalty streams and intellectual property rights

Royalty streams and intellectual property rights are another unconventional asset class to consider.

This can include anything from patents to songwriter credits, to income streams from privately held mines or oil wells.

Given the weakness in commodity prices this market is starting to become much more attractive from a value perspective, particularly if you have a long-term outlook.

Some friends of mine own the website RoyaltyExchange.com, a platform where royalty owners for film assets, patents, mineral rights, etc. are auctioned off to investors.

In one recent deal for songwriter credits, a $15,000 annual royalty stream sold for less than $29,000.

I have another colleague who holds book copyrights through his Individual Retirement Account to generate tax-deferred royalty income.

3. Agriculture

One of my personal favorites is agriculture.

Understandably most people won’t be able to achieve the size and scale of necessary to run an efficient agricultural corporation.

But even on a small scale, agriculture works. Apple trees have outperformed apple stock for 30+ years.

It’s hard to imagine you’ll be worse off for having a small organic garden or planting some fruit trees in your backyard.

Not only will you be putting real food on the table, but with an investment of just a couple of dollars you could substantially increase your property’s value.

4. Yourself

Last but not least, the most important investment I believe anyone can make is an investment you make in yourself.

For anyone looking to secure greater income and wealth, there is no substitute for real education: business education, financial education, and the development of important skills.

To generate $1,000 in monthly income through conventional investments, for example, you’d have to buy $674,000 worth of US government treasuries based on today’s bond yields.

Or you could invest a tiny fraction of that to learn a skill that makes you more valuable at work or in the marketplace.

This is one of our main focuses in our annual youth liberty and entrepreneurship camp.

Each summer we spend an intense five-day workshop developing critical skills, business education and financial education, guided by some of the smartest, most successful people I know.

It’s free of charge for those who are accepted.

We’re just about to open up the enrollment window, if you’d like to find out more about how to apply to our Liberty and Entrepreneurship camp, click here.

from Sovereign Man http://ift.tt/1KnQHVk
via IFTTT

Did Someone ‘Tap’ The Atlanta Fed On The Shoulder In January?

In recent weeks, status-quo maintainers have pointed to The Atlanta Fed's GDPNow forecast's resurgence as evidence that the market is just being irrational and that everything is awesome after all. Since we first brought the world's attention to this real-time forecast of US economic growth it has become closely-watched by all… which is why the most recent surge to +2.7% – in the face of dismal data – following our confrontation with The Fed in Janaury over "technical difficulties" makes us wonder if someone in Atlanta got a call from The Eccles Building to get on board…

For the last few years, The Atlanta Fed's GDPNow forecast has tracked excellently with the day to day shifts in US economic data – as it should. But that changed a month ago…

 

On January 15th 2016, we noted The Atlanta Fed delayed the release of its most dire GDP estimate yet – a paltry +0.6% – just a month after Yellen decided to raise interest rates.

Hours later, The Atlanta Fed responded, explaining the "technical delays" were "nothing nefarious"…

But given the total decoupling that has occurred between GDPNow and US Macro data that occurred since that exact date – we are growing increasingly conspiratorial that something more 'nefarious' has occurred.


via Zero Hedge http://ift.tt/248k6ZT Tyler Durden

Is Rubio’s New ‘Marriage and Family Advisory Board’ About Anything Besides Opposing Gay Couples?

RubioIn South Carolina Sen. Ted Cruz is trying to tighten his grip on evangelical conservatives by casting Sen. Marco Rubio and Donald Trump as being weaker in opposition to gay marriage recognition. He’s wrong on both counts (though Trump is arguably the most pro-gay candidate remaining among the Republicans). Rubio is opposed to gay marriage recognition, has said so regularly, and wants to appoint Supreme Court justices that would return decision-making back to the states. But he apparently acknowledged the legality of the Supreme Court’s ruling mandating recognition and this somehow puts Rubio on the same side as President Barack Obama, according to Cruz.

Over the holiday weekend, where we celebrated both our love of each other and of aggrandizing the role of the president (or lamented the absence of both and maybe played a lot of Grim Dawn), Rubio attempted to counter Cruz’s attack by announcing his “Marriage and Advisory Board.” The 13 members of the board have backgrounds (some quite lengthy) in culturally conservative defenses of marriage. The Washington Blade picked up that many people on the board have been significant opponents of same-sex marriage recognition.

But is that all they are? I’d say the Blade is not wrong to classify the group as a whole as anti-gay marriage. Most of the participants are either members of activist groups that oppose same-sex marriage or have written independently in opposition to gay marriage. One member, Bill Wichterman, was a proponent of the Federal Marriage Amendment, and even jumped ship from Fred Thompson’s campaign to Mitt Romney’s back in the 2008 presidential race because Thomson didn’t support a constitutional ban. Everett Piper, president of Oklahoma Wesleyan University, recently had his college drop out of the Council of Christian Colleges and Universities because two other colleges had decided to hire staff members in same-sex marriages.

But there is maybe more to the group than meets the eye. Whenever a social conservative brings up marriage and family issues, it’s easy to assume he or she is talking about the culture war issues of same-sex relationships and abortion and that’s pretty much it. But pay attention to Rubio’s wonkishness (which can get lost in debates) and there is an interest in actual family-oriented economic policies that helps explain Rick Santorum’s endorsement of Rubio beyond the shared interest in military intervention, domestic surveillance, and not liking gay marriage.

Rubio’s issue page for families actually focuses on tax and economic issues, promoting a $2,500 tax credit for parents, eliminating the marriage penalty, and even a voluntary paid leave plan that would reward participating businesses with a non-refundable tax credit. He was asked to defend his tax plan in Saturday night’s debate and said:

Here’s what I don’t understand, if a business takes their money and they invest in the piece of the equipment, they get to write to off their taxes. But if a parent takes money that they have earned to work and invests in their children, they don’t? This makes no sense.

Parenting is the most important job any of us will ever have. Family formation is the most important thing in society. So what my tax plan does, is it does create – especially for working families, an additional Child Tax Credit. So that parents who are working get to keep more of their own money, not the government’s money to invest in their children to go to school, to go a private school, to buy a new back pack.

So there’s more to his family politics than just opposing abortion and gay marriage. The same can be said for at least some of the people in his new board. Robert Lerman and Bradford Wilcox, for example, both members of Rubio’s board, put together a lengthy study showing the economic impacts and advantages of stable, intact families. The report did not pit straight couples versus gay couples; rather it was about analyzing the economics of married families versus unmarried families.

Kay Hymowitz, also on the board, wrote in 2004 an essay that critiqued the gay marriage movement as ignoring the historical roots of marriage as a social tool for promoting the proper rearing of children. But in 2015 Hymowitz signed on to the Marriage Opportunity Council, a bipartisan group that seeks to “make marriage achievable for all who seek it.” Its co-directors are David Blankenhorn, who famously switched sides to support gay marriage in 2012, and Brookings Institute Senior Fellow and Reason contributor Jonathan Rauch, a notable supporter of gay marriage recognition. It is a group devoted to embracing marriage as a tool for improving social and economic opportunities for Americans, gay or straight.

Hymowitz’s inclusion suggests there is more to this council than just harping on the gays. But whether she can serve as a counterbalance to some of the others in the group is an open question. I predict there’s very little likelihood that the next president, no matter how conservative, will be successful in rolling back same-sex marriage recognition in any degree. So what matters is what sorts of policies they recommend that could actually get anywhere. Just imagine if Rubio got the marriage penalty revoked while same-sex recognition remained intact.

from Hit & Run http://ift.tt/1Toxo0C
via IFTTT

Scarface, Once, and The Case for Unrestricted Immigration: New At Reason

Download Video as MP4

“It makes sense politically, rationally, electorally, to gain political power by saying all sorts of terrible things about immigrant groups, but at a certain point, the math doesn’t work out,” says Joel Fetzer, a professor of Political Science at Pepperdine University, and author of the new book Open Borders and International Migration Policy: The Effects of Unrestricted Immigration in the United States, France, and Ireland.

Watch above, or click the link below for the full text, associated links, and downloadable versions of this video.

Run time approximately 8:43. Interview by Zach Weissmueller. Music by Cellar Dwellar and Kevin MacLeod.

Subscribe to Reason TV’s YouTube channel for daily content like this.

View this article.

from Hit & Run http://ift.tt/1PD3oKL
via IFTTT