To hold his Senate seat against his challenger, Beto O’Rourke, in 2018, Ted Cruz spent nearly $40 million. O’Rourke’s campaign spent double that amount. The day before the vote in Texas, Cruz lent his campaign $260,000. This was a curious—and seemingly unnecessary—gesture: The campaign’s final report showed it ended with $263,000 cash in hand. Yet Cruz was not acting irrationally. He was preparing the ground for a challenge of his own, an assault on the tottering remains of the McCain-Feingold campaign-finance law of 2002. That law, more formally known as the Bipartisan Campaign Reform Act, or BCRA, limited how campaigns could repay loans from candidates. A campaign has 20 days in which it can repay such loans in full. After that deadline, it can repay no more than $250,000. When Cruz’s campaign finished repaying him, the deadline had elapsed. So his campaign committee settled only $250,000 of the loan, leaving $10,000 outstanding—which Cruz then sued in federal court to … [Read more...] about What Ted Cruz’s Supreme Court Win Means
Which specific theorist was concerned with groupthink taking hold of organizational decision making
Paul Paolucci, the top cop for one of the world’s biggest credit card companies, sure had some interesting friends. One made a fortune fronting for pornography websites that needed access to Mastercard’s and Visa’s payment networks. Paolucci, who oversaw Mastercard’s merchant fraud control, was photographed cavorting around the Las Vegas Hard Rock Hotel with him and a group of women in white corset minidresses. A second was a Lamborghini-driving e-commerce mogul with whom Paolucci used to celebrate family holidays. The mogul ended up in prison for a financial crime he committed, in part, using Mastercard’s network. An executive at a famously corrupt European bank claimed to have dined with Paolucci and gotten his help evading Mastercard’s regulations. It was Paolucci’s job to make sure that the banks and companies using Mastercard’s network were playing by the rules. He bent those rules himself by getting close to the very kinds of high-risk businesses he was supposed to be … [Read more...] about Two-Card Monte: Why Mastercard And Visa Rarely Shut Down Scammers Who Are Ripping Off Consumers
Published 23 September 2013 Share close Share page Copy link About sharing The number of over-70s who hold a UK driving licence has exceeded four million for the first time. But how dangerous are older drivers? There are occasional very well-publicised stories about elderly drivers going the wrong way on a motorway or dual carriageway. Only last week an 84-year-old woman died after driving the wrong way on the A1 in Northumberland. The RAC Foundation says the UK's oldest licensed driver is a 107-year-old woman, and there are 191 people over the age of 100 with a licence. They are among 4,018,900 people aged over 70 with full UK driving licences. But how dangerous are older drivers? The Department for Transport (DfT) says there is no evidence older drivers are more likely to cause an accident, and it has no plans to restrict licensing or mandate extra training on the basis of age. … [Read more...] about Who, what, why: How dangerous are elderly drivers?