Shareholders and Stakeholders in Corporate Law

Source: American Institute for Economic Research
by Robert T Miller

“There are two main theories of corporate governance: the shareholder theory and the stakeholder theory. The former, which originated in the earliest corporate law decisions of courts of equity in the nineteenth century, requires directors to manage the corporation for the long-term benefit of its shareholders. The latter, which is largely the creation of academics, holds that directors should balance the interests of all corporate stakeholders, including employees, customers, suppliers, creditors, and the communities in which the corporation operates. In an age of climate change, the class of stakeholders may expand to include all human beings now living or to be born in the future.” (07/16/26)

https://aier.org/article/shareholders-and-stakeholders-in-corporate-law/

Modern Mass Movements Menace Murica

Source: Future of Freedom Foundation
by Robert E Wright

“Every mass movement comes to be defined less by what it loves than by what it loathes. Hoffer identified hatred as the most accessible and comprehensive of unifying agents because it helps to channel self-contempt onto scapegoats, the vilification of which strengthens collective unity. So mass movements, Hoffer concludes, can arise without belief in a god but never without belief in a devil. … What, then, should liberty lovers do? Certainly not launch a counter-crusade. A mass movement of individualists is a contradiction in terms, and those who fight monsters by monstrous means soon sport fangs of their own.” (07/16/26)

https://www.fff.org/explore-freedom/article/modern-mass-movements-menace-murica/

Clayton’s Trump Loyalty Becomes a Problem for Warrantless Spying

Source: The American Prospect
by James Baratta

“The reality is that, for all of the claims that Clayton is a saner, more acceptable DNI nominee than Pulte, the two share more in common than his supporters allow. Both of them lack real national security expertise, with Clayton being a corporate litigator, securities regulator, and enforcement attorney for his career. Both are fiercely loyal to the president, as shown by Clayton’s refusal to distance himself from the conspiracy theories surrounding the 2020 election, which Trump plans to amplify in a prime-time speech tonight. And both have shown plenty of willingness to go after Trump’s political enemies, a significant character flaw in a choice for any DNI, with reams of classified information at their disposal.” (07/16/26)

https://prospect.org/2026/07/16/claytons-trump-loyalty-becomes-a-problem-for-warrantless-spying/

Against “Stochastic Terrorism”

Source: Astral Codex Ten
by Scott Alexander

“‘Stochastic terrorism’ is the idea that if you spread fear and mistrust against a target, then eventually people will commit violence against that target, and it will be your fault, even if you never specifically said the words ‘you should commit violence’. … The ‘stochastic terrorism’ concept is near-unique in how effectively it can be discredited merely by listing many examples of its use together in the same place.” (07/16/26)

https://www.astralcodexten.com/p/against-stochastic-terrorism

US DOJ: Cities that block ICE gang activity could lose police, rape kit funding

Source: USA Today

“Fresno City Attorney Andrew Janz was furious to learn that the Trump administration is threatening to withhold grant money the city uses to help prosecute rapists — all because the California city was deemed a refuge for immigrants. ‘Justice for victims shouldn’t be politicized. It has nothing to do with immigration enforcement,’ Janz told USA TODAY. It’s the latest example of the Trump administration’s promise to withhold funding from cities it calls ‘sanctuary jurisdictions.’ It pressures cities to sign cooperation agreements with Immigration and Customs Enforcement officials with the strongest tool at its disposal: money.” (07/16/26)

https://www.usatoday.com/story/news/nation/2026/07/16/us-cities-police-ambulance-funding-rape-kits-ice-doj/90903355007/

How to avoid the Crash

Source: Cobden Centre
by Tim Price

“The chances are, if you speak to any financial adviser, they’ll tell you that asset allocation – how you divide up your investible pot among the major asset classes, including debt, equity, property, commodities and alternative investments – is the single most important investment decision you will make. And they’re right to do so.” (07/16/26)

https://www.cobdencentre.org/2026/07/how-to-avoid-the-crash/

Highway Executive Given 12-Year Sentence Over Deadly Bridge Collapse in Italy

Source: New York Times

“The former chief executive of an Italian highway operator was handed a 12-year prison sentence by an Italian court on Thursday for lapses that contributed to the collapse of a major bridge in Genoa in 2018 that killed 43 people. The former executive, Giovanni Castellucci, oversaw the highway operator, Autostrade per l’Italia, that ran the bridge — named for its designer, Riccardo Morandi — when the structure failed on Aug. 14, 2018. … Since July 2022, Mr. Castellucci had stood trial with 56 other defendants, including others from the company and civil servants from the Transport Ministry. Mr. Castellucci was convicted of negligence and manslaughter, and prosecutors had asked for a sentence of about 18 years.” (07/16/26)

https://archive.is/hXAIM

The God in the Machine Comes With an Owner

Source: CounterPunch
by John Kendall Hawkins

Terminator 2: Judgment Day gave us intelligence as hunter. Ex Machina gave us intelligence as deceiver. Transcendence gave us intelligence as god. Surveillance, then persuasion, then something close to apotheosis. The films did not plan this arc together, but placed end to end they map the territory we now live in with an accuracy that ought to make us uneasy.” (07/16/26)

https://www.counterpunch.org/2026/07/16/the-god-in-the-machine-comes-with-an-owner/