News and notes from around the interweb:
- Hong Kong Chief Executive Carrie Lam hasn’t been able to use credit cards as a result of U.S. sanctions
She laughed in the face of U.S. sanctions, imposed over actions taken against the media and free elections, since she has no property or accounts in the U.S. However the regulatory reach of the U.S. is far and wide. Visa, Mastercard and American Express can’t easily circumvent U.S. authority.
There’s a certain irony of course in U.S. extraterritorial application of law as a response to Hong Kong’s new security law which is itself being applied extraterritorially.
- Planes, Trains, and Automobiles to be remade with Will Smith and Kevin Hart.
- Southwest Airlines turns down goverment-subsidized CARES Act loan, since they’ve had no problem accessing private capital. Government should be a lender of last resort – if at all – not first resort. They’ve proven that financial markets haven’t stopped working, so there’s really no role for government here at all – except to keep funding airlines no sane investor would keep alive. Why should taxpayers step in to prevent airline investors from taking a haircut?
- Around the world most large airports are privately run. The U.S. is an anomaly with socialized airports. Selling airports would be an easy win to solve local budget problems and even fund long term liabilities like pensions and generate new revenue for infrastructure investment.
- Data on why it’s time for airlines to stop flying to some of the cities they used to serve
- Southwest has always cracked down on services that would check you in automatically for flights 24 hours prior to departure, in order to get you the best boarding priority. However you can automate it yourself with a browser extension