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Regulatory Capture
In politics, regulatory capture (also agency capture and client politics) is a form of corruption of authority that occurs when a political entity, policymaker, or regulator is co-opted to serve the commercial, ideological, or political interests of a minor constituency, such as a particular geographic area, industry, profession, or ideological group. When regulatory capture occurs, a special interest is prioritized over the general interests of the public, leading to a net loss for society. The theory of client politics is related to that of rent-seeking and political failure; client politics "occurs when most or all of the benefits of a program go to some single, reasonably small interest (e.g., industry, profession, or locality) but most or all of the costs will be borne by a large number of people (for example, all taxpayers)". Theory For public choice theorists, regulatory capture occurs because groups or individuals with high-stakes interests in the outcome of policy or ...
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Politics
Politics (from , ) is the set of activities that are associated with making decisions in groups, or other forms of power relations among individuals, such as the distribution of resources or status. The branch of social science that studies politics and government is referred to as political science. It may be used positively in the context of a "political solution" which is compromising and nonviolent, or descriptively as "the art or science of government", but also often carries a negative connotation.. The concept has been defined in various ways, and different approaches have fundamentally differing views on whether it should be used extensively or limitedly, empirically or normatively, and on whether conflict or co-operation is more essential to it. A variety of methods are deployed in politics, which include promoting one's own political views among people, negotiation with other political subjects, making laws, and exercising internal and external force, including ...
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Nobel Prize
The Nobel Prizes ( ; sv, Nobelpriset ; no, Nobelprisen ) are five separate prizes that, according to Alfred Nobel's will of 1895, are awarded to "those who, during the preceding year, have conferred the greatest benefit to humankind." Alfred Nobel was a Swedish chemist, engineer, and industrialist most famously known for the invention of dynamite. He died in 1896. In his will, he bequeathed all of his "remaining realisable assets" to be used to establish five prizes which became known as "Nobel Prizes." Nobel Prizes were first awarded in 1901. Nobel Prizes are awarded in the fields of Physics, Chemistry, Physiology or Medicine, Literature, and Peace (Nobel characterized the Peace Prize as "to the person who has done the most or best to advance fellowship among nations, the abolition or reduction of standing armies, and the establishment and promotion of peace congresses"). In 1968, Sveriges Riksbank (Sweden's central bank) funded the establishment of the Prize in Ec ...
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Merthyr Vale
Merthyr Vale ( cy, Ynysowen or ''Ynyswen'') is a linear village and community in the Welsh county borough of Merthyr Tydfil. Lying on the A4054 road it is on the east bank of the River Taff. The community includes the villages of Aberfan on the opposite side of the Taff, Mount Pleasant and the village of Merthyr Vale itself. History The area was referred to and written as Ynys Owen as early as 1630, noting that the narrow valley was heavily wooded, with various traditional longhouse (''tyddyn'') farms marking out the rural territories. Ynys Owen, which translates from Welsh to English as ''Owain's riverside meadow'', has been claimed by some possibly to commemorate Owain Glyndŵr, whose followers were involved in an uprising around 1400. There had been small scale coal extraction at Danyderi and Perthygleision, but in 1869 John Nixon (mining engineer) started development of the Taff Colliery, later to be known as the Merthyr Vale Colliery. The village immediately grew up arou ...
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Spoil Tip
A spoil tip (also called a boney pile, culm bank, gob pile, waste tip or bing) is a pile built of accumulated ''spoil'' – waste material removed during mining. These waste materials are typically composed of shale, as well as smaller quantities of Carboniferous sandstone and other residues. Spoil tips are not formed of slag, but in some areas, such as England and Wales, they are referred to as slag heaps. In Scotland the word ''bing'' is used. The term "spoil" is also used to refer to material removed when digging a foundation, tunnel, or other large excavation. Such material may be ordinary soil and rocks (after separation of coal from waste), or may be heavily contaminated with chemical waste, determining how it may be disposed of. Clean spoil may be used for land reclamation. Spoil is distinct from tailings, which is the processed material that remains after the valuable components have been extracted from ore. Etymology The phrase originates from the French word ...
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Political Corruption
Political corruption is the use of powers by government officials or their network contacts for illegitimate private gain. Forms of corruption vary, but can include bribery, lobbying, extortion, cronyism, nepotism, parochialism, patronage, influence peddling, graft, and embezzlement. Corruption may facilitate criminal enterprise such as drug trafficking, money laundering, and human trafficking, though it is not restricted to these activities. Misuse of government power for other purposes, such as repression of political opponents and general police brutality, is also considered political corruption. Over time, corruption has been defined differently. For example, in a simple context, while performing work for a government or as a representative, it is unethical to accept a gift. Any free gift could be construed as a scheme to lure the recipient towards some biases. In most cases, the gift is seen as an intention to seek certain favors such as work promotion, tipping in o ...
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Campaign Finance
Campaign finance, also known as election finance or political donations, refers to the funds raised to promote candidates, political parties, or policy initiatives and referendums. Political parties, charitable organizations, and political action committees (in the United States) are vehicles used for fundraising for political purposes. " Political finance" is also popular terminology, and is used internationally for its comprehensiveness. Political donations to funds received by political parties from private sources for general administrative purposes. Political campaigns involve considerable expenditures, including travel costs of candidates and staff, political consulting, and advertising. Campaign spending depends on the region. For instance, in the United States, television advertising time must be purchased by campaigns, whereas in other countries, it is provided for free. The need to raise money to maintain expensive political campaigns diminishes ties to a represe ...
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Sierra Club V
Sierra (Spanish for "mountain range" and " saw", from Latin '' serra'') may refer to the following: Places Mountains and mountain ranges * Sierra de Juárez, a mountain range in Baja California, Mexico * Sierra de las Nieves, a mountain range in Andalusia, Spain * Sierra Madre (other), various mountain ranges ** Sierra Madre (Philippines), a mountain range in the east of Luzon, Philippines * Sierra mountains (other) * Sierra Nevada, a mountain range in the U.S. states of California and Nevada * Sierra Nevada (Spain), a mountain range in Andalusia, Spain * Sierra de San Pedro Mártir, a mountain range in Baja California, Mexico * Sierra Maestra, a mountain range in Cuba Other places Africa * Sierra Leone, a country located on the coast of West Africa Asia * Sierra Bullones, Bohol, Philippines Europe * Sierra Nevada National Park (Spain), Andalusia, Spain * Sierra Nevada Observatory, Granada, Spain North America * High Sierra Trail, California, United Sta ...
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Public Interest Theory
The public interest theory of regulation claims that government regulation acts to protect and benefit the public. The public interest is "the welfare or well-being of the general public" and society. Regulation in this context means the employment of legal instruments (laws and rules) for the implementation of policy objectives. Public interest theory competes for acceptance with public choice and regulatory capture in explaining regulation and its effects on public welfare. Markets and regulation In modern economies, resource are allocated mainly by markets. In theory, this allocation is optimal, but the conditions necessary to achieve that optimum are frequently not present. In that case resource allocation is suboptimal, creating the possibility that some intervention could improve things. One such intervention is government regulation. Others include taxes/subsidies and improvements to education/infrastructure. Public interest theory claims that government regulation ca ...
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Breezewood, Pennsylvania
Breezewood is an unincorporated town in East Providence Township, Bedford County in south-central Pennsylvania. Along a traditional pathway for Native Americans, European settlers, and British troops during colonial times, in the early 20th century, the small valley that became known as Breezewood was a popular stopping place for automobile travelers on the Lincoln Highway, beginning in 1913. Greyhound Lines opened a Post House facility in the town in 1935; it closed in 2004. In 1940, Breezewood was designated exit 6 on the just-opened Pennsylvania Turnpike. In the 1960s, Breezewood became the junction of the Turnpike and the new Interstate 70. Later renumbered exit 12, it is now exit 161 on the Turnpike following a change to mileage-based exit numbering. Breezewood has been labeled a "tourist trap" and choke point because traffic between I-70 and the Turnpike is routed along surface streets lined with gas stations, hotels, restaurants, and traffic lights, rather than directly ...
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Business Insider
''Insider'', previously named ''Business Insider'' (''BI''), is an American financial and business news website founded in 2007. Since 2015, a majority stake in ''Business Insider''s parent company Insider Inc. has been owned by the German publishing house Axel Springer. It operates several international editions, including one in the United Kingdom. ''Insider'' publishes original reporting and aggregates material from other outlets. , it maintained a liberal policy on the use of anonymous sources. It has also published native advertising and granted sponsors editorial control of its content. The outlet has been nominated for several awards, but is criticized for using factually incorrect clickbait headlines to attract viewership. In 2015, Axel Springer SE acquired 88 percent of the stake in Insider Inc. for $343 million (€306 million), implying a total valuation of $442 million. In February 2021, the brand was renamed simply ''Insider''. History ''Bus ...
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Boeing
The Boeing Company () is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the third-largest defense contractor in the world based on 2020 revenue, and is the largest exporter in the United States by dollar value. Boeing stock is included in the Dow Jones Industrial Average. Boeing is incorporated in Delaware. Boeing was founded by William Boeing in Seattle, Washington, on July 15, 1916. The present corporation is the result of the merger of Boeing with McDonnell Douglas on August 1, 1997. Then chairman and CEO of Boeing, Philip M. Condit, assumed those roles in the combined company, while Harry Stonecipher, former CEO of McDonnell Douglas, became president and COO. The Boeing Company's corporate headquarters is in ...
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Patty Murray
Patricia Lynn Murray (; born October 11, 1950) is an American politician and educator who is the senior United States senator from Washington since 1993. A member of the Democratic Party, Murray was in the Washington State Senate from 1988 to 1992. She was Washington's first female U.S. senator and is due to assume the role of president pro tempore of the Senate in the 118th Congress, which would make her the first woman in American history to hold the position. Born and raised in Bothell, Washington, Murray graduated from Washington State University with a degree in physical education. She worked as a pre-school teacher and, later, as a parenting teacher at Shoreline Community College. A long-time advocate for environmental and education issues, Murray ran for the Washington State Senate in 1988, and defeated two-term incumbent Bill Kiskaddon. She served one term before launching a campaign for the United States Senate in 1992. She has been re-elected five times, most rece ...
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