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January 18, 2021 By Robert MARIANI The balance of two opposing forces—military-industrial surveillance capitalism and progressive cultural hegemony—once formed an equilibrium that gave the average Joe some options in life. That equilibrium was on its way out for a while, but it collapsed with the Capitol riots. The progressive camp has swallowed up its rival—or maybe the other way around. Anyway, who cares. Does the supposed direction of this absorption tell us much besides the team affiliation of the one supposing it? We’re seeing the beginnings of what unambiguous power looks like. ...

Updated Jan 14, 2021 at 3:13 p.m. UTC Twitter, Trump and the ‘Private Company’ Fallacy In the wake of the coordinated deplatformings of President Trump, his associates and various conservatives from all manner of internet platforms and services, a common line of justification has been that these internet firms are merely “private companies,” and hence free to do whatever they like. Of course, no firms are truly autonomous in the modern state. From COVID-19 to civil rights, how firms can do business, and with whom, is very much a state concern. But the censorship apologists are right i...

Weekly Fintech Focus FTC files suit against a mobile app that advertised high-interest deposit accounts and easy access to customer funds but failed to deliver. OCC proposes rule to ensure fair access to financial services and to codify the reversal of policies imposed under Operation Choke Point. CFPB issues an advisory opinion clarifying that certain earned wage access services are not credit under Regulation Z. FTC Alleges Mobile App’s Deposit Promises Were Deceptive Following a May 2020, civil investigative demand, the Federal Trade Commission (FTC) filed suit against the operators of a...

First it was the i.r.s. but now the department of justice is accused of targeting conservative. operation choke is supposed to help protect residents of fraud, but instead this is hurting businesses that don't support the obama administration for policies that they don't like. a former chairman of the fdic is speaking out about the matter saying operation chokepoint is one of the most dangerous programs i have experienced in my 45 years of service. operating without legal authority and guided by a political agenda, unelected officials at the doj are discourage banks from providing basic bankin...