Facebook’s Libra: Virtual Fiat

Facebook’s Libra: Virtual Fiat
Facebook sponsored the Libra Consortium which consists of a couple dozen of the most powerful internet players, like Google, PayPal and Uber. The article re-posted here, written by yours truly, explores the idea that the Libra is the antithesis of market-generated currency, and was just published at Mises.org:  “It’s No Bitcoin: Facebook’s Libra Currency Is Tied to Government Currencies” “Nobel laureate F.A.… Read the rest

Fukushima Execs Face Trial, Tiny Fine: First Time Anyone Faces Justice for Nuclear Disaster

Fukushima Execs Face Trial, Tiny Fine: First Time Anyone Faces Justice for Nuclear Disaster
Tokyo Electric Power Company, reviled around the world as TEPCO, owns the stricken nuclear power station Fukushima Daiichi (or Fukushima Number 1) as well as other power stations around Japan. Although two government panels have called for the prosecution of former top TEPCO executives for professional negligence, the first call was ignored.  This time, however, ex-TEPCO chair Tsunehisa Katsumata and former vice presidents Sakae Muto and Ichiro Takekuro were charged with professional negligence over allegedly failing to take measures to protect the plant, despite being aware of elevated tsunami risks.… Read the rest