In Praise of Regulation

It’s said that “power corrupts, and absolute power corrupts absolutely.”

Though Lord Acton (John Emerich Edward Dalberg Acton (1834–1902), the first Baron Acton) is often attributed with originating that phrase in an 1887 letter to Bishop Mandell Creighton, the idea itself was not new to him, and was known to have been expressed in 1770 by in a speech to the UK House of Lords by William Pitt the Elder, Earl of Chatham, who was British Prime Minister 1766–1778.

Our nation’s Founders understood that principle quite well, as evidenced by the systems of oversight, and the establishment of three separate, co-equal branches of government which they established via the Constitution – which was ratified June 21, 1788.

Absolute power, in a market sense, is about money and corrupting influence that almost always accompanies unchecked concentrated power. In this era, we see it commonly as a desire to abolish rules, regulations, and laws designed to protect the people.

That’s but one underlying reason why the GOP wants to abolish “ObamaCare” – so that power (and money) may be concentrated in the hands of the already-powerful.

We the people have the final say-so, because

German Grocer Aldi To Heat Up U.S. Competition

German Discount Grocer Aldi Sets U.S. Expansion Plan

Aldi says it will open nearly 900 stores, invest $5 billion over five years

Aldi says it will open 900 stores and invest $5 billion over five years. Photo by Anthony Devlin/Zuma Press

By Heather Haddon
June 11, 2017 9:00 p.m. ET

Competition in the U.S. grocery sector is about to get more fierce.

Discount grocery chain Aldi is expected to unveil on Monday plans to invest $5 billion to open nearly 900 stores and remodel hundreds more in the U.S.

The expansion, over the next five years, puts the German grocer on track to becoming the third-largest food retailer in the U.S. by store count, behind the larger Wal-Mart Stores Inc. and Kroger Co., and a growing threat to traditional food retailers.

Aldi said it is expected to have a total of 2,500 locations across the U.S. by 2022. Its plan comes as another German discounter, Lidl, is set to open its first 10 stores in the U.S. on Thursday as part of a multiyear expansion.

Executives at Wal-Mart and Kroger have been preparing for the growth of the discounters for years. Wal-Mart has been sprucing up its stores and slashing prices on some products in select markets, while Kroger continues to drive down costs to compete.

But the discounters could have a big impact on the U.S. grocery market as they did in Europe. Their market share there has steadily grown while traditional supermarkets have seen theirs fall.

Deep discount chains in the U.S. are expected to grow by up to 10% a year through 2020, five times the rate of traditional grocers, according to a recent report by consulting firm Bain & Co.

“It should absolutely be more than scary to traditional grocers and retailers,” said Mikey Vu, a partner in Bain’s retail practice.

Many shoppers in the U.S. are unfamiliar with Aldi. The chain has been in the U.S. since

End ObamaCare’s Health Insurance Monopoly

Fact is, “ObamaCare” – which is properly known as the Patient Protection and Affordable Care Act, or ACA for short – though it’s monikered with POTUS Obama’s name, was largely a Republican brainchild from the über-conservative Heritage Institution.

The cornerstone of the act is predicated upon two items which are the very heart of the act: 1.) Guaranteed Coverage, and; 2.) Community Rating.

In was, in essence

Why Is Alabama Gasoline So Expensive?

In a word, because of the state legislature.

Here’s an explanation.

In Alabama, an anti-competitive law prevents motorists from enjoying low gas prices. This is the price per gallon of a gallon of regular gas purchased at a Kroger Fuel Center in Texas, after using Kroger Fuel Discounts.

In Alabama, a law called the “Motor Fuel Marketing Act” (Code of Alabama §8-22) prevents retailers from selling gasoline (or any other motor fuel, such as diesel) for less than what it costs them to purchase it.

Specifically, the law reads in part, that:

Section 8-22-6

Certain below cost fuel sales prohibited.

It shall be unlawful for any person engaged in commerce in this state to sell or offer to sell motor fuel below cost or to sell or offer to sell it at a price lower than the seller charges other persons…”

In other words, it’s illegal to do that.

The marketing technique of retailing something for less than it costs to purchase it wholesale is called “low-price, or loss leader” and

Which are the BEST & WORST States for Nursing Practice?

The nursing industry – like most segments of the economy – is in a state of significant transition under the weight of major overarching socioeconomic dynamics, from the aging U.S. population and the Affordable Care Act to the student loan crisis and concerns about the future of key entitlement programs. It’s therefore understandable if recent nursing school grads aren’t sure where to turn once they receive their diploma.

That concern is not unique among recent graduates, regardless of industry, but both the magnitude of the issue – the nursing industry is expected to grow far faster than the average occupation through 2022 – and the various day-to-day demands placed on nursing professionals – from overstaffing and mandatory overtime to unionization and allegations of systematic disrespect – are indeed profession-specific. With that in mind, WalletHub decided to take stock of the nursing industry in order to help nurses, particularly the newly minted of the bunch, lay down roots in areas that are conducive to both personal and professional success.

We compared the 50 states and the District of Columbia in terms of 15 key metrics that collectively speak to the job opportunities that exist for nurses in each market, how much competition there is for each position, differences in the workplace environment, and projections for the future. You can check out our findings as well as

Alabama Lawmaker Arthur Orr has Big Idea to Destroy State’s Competitive Business

Alabama State Senator Arthur Orr (R, Decatur) has proposed eliminating the Alcoholic Beverage Control Board‘s retail outlets statewide.

Senator Orr represents the Third District, which includes Morgan, Madison and Limestone counties in the Alabama State Senate.

He attempts to justify his position by asking a rhetorical question, on pretense of being modern: “The fundamental question, I think, for us as legislators and as a state, is, should the state of Alabama

“This is a contact sport.”

“This is a contact sport. We want to see drivers mixing it up.”

– NASCAR Chairman Brian France, referring to