Doomscroll News

Tag: transparency

  • Don’t Ground ‘Quiet Skies’: A Proposal for Smarter, Safer Aviation Security

    Don’t Ground ‘Quiet Skies’: A Proposal for Smarter, Safer Aviation Security

    The recent announcement that the TSA is ending its “Quiet Skies” program has been framed as a victory against wasteful spending and political misuse. While any program that costs taxpayers millions and is used to target political opponents deserves scrutiny, scrapping Quiet Skies entirely is a dangerously simplistic solution. I have a nuanced critique: the core concept of the program is not only sound but essential. The problem wasn’t the mission; it was the flawed execution and political weaponization. Instead of ending the program, we should be reforming it into a smarter, more effective tool that truly secures our nation.

    First, the idea of using dedicated analysts and undercover air marshals is a good one. However, their mission should be dovetailed with other tangible needs in our struggling aviation sector. Imagine if their observational data could be used for quality control or to assist our overburdened Air Traffic Control system. This would add immense value beyond pure counter-terrorism and justify the program’s existence on multiple fronts.

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  • Business Tax Devolutions: A Critical Dissection of Title XI, Subtitle B, Parts 1 & 2

    The recently proposed business tax measures under Title XI, Subtitle B, Parts 1 & 2, are presented as beneficial reforms. However, a closer examination reveals a series of provisions that range from questionably effective to deeply detrimental to American interests and fiscal responsibility.

    Sec. 111001: Extension of Special Depreciation Allowance (Bonus Depreciation) – A Recipe for Misallocation

    This section proposes extending 100% bonus depreciation for property acquired after January 19, 2025, and placed in service before January 1, 2030. This isn’t sound economic policy; it’s a blatant handout, likely to benefit well-connected insiders. Reports of companies already stockpiling assets suggest this will merely accelerate a pre-existing rush to capitalize on a temporary distortion. Such a policy actively encourages a misallocation of resources, incentivizing potentially unnecessary capital expenditure over more sustainable investments or debt reduction. It’s a short-sighted pump for certain sectors that will only exacerbate our national debt, not alleviate it.

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  • Behind the Crypto Hype: Questioning Influencer Trade

    This one sucks to have to write, but given a situation that just occurred on here:

    An influencer with a substantial following showcases significant profits or frequent trading activity, such as claims of daily investments into cryptocurrencies like Ethereum. However, these assertions are difficult for followers to verify independently. A core principle in the cryptocurrency space is “not your keys, not your crypto.” This emphasizes that if your digital assets are held on an exchange or a platform controlled by others, you don’t have direct custody and true ownership of them. When trades are supposedly made by an individual within a centralized exchange (like HTX, which is a CEX), these transactions occur on the platform’s internal, private ledgers. They are not typically broadcast individually on the public blockchain for everyone to scrutinize.

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  • Just for Fun: Urgent Recommendation to the Securities & Exchange Commission (SEC): Enhanced Specificity for Use of Proceeds Disclosures

    MEMORANDUM

    FOR: The Honorable Chair, U.S. Securities and Exchange Commission

    Director, Division of Corporation Finance

    Director, Division of Enforcement

    FROM: [redacted]

    DATE: April 4, 2025

    SUBJECT: Urgent Recommendation: Enhanced Specificity for Use of Proceeds Disclosures

    1. Purpose: This memorandum recommends immediate action (rulemaking or interpretive guidance) to prohibit public companies from using vague terms like “other general corporate purposes” as the primary descriptor for the intended use of capital raised via registered direct offerings, private placements, or shelf registrations.

    2. Problem Statement & Background: Current Regulation S-K allows non-specific “general corporate purposes” disclosures. This flexibility is being exploited, contributing to significant retail investor harm. We’ve observed a troubling pattern, particularly acute during the Biden administration, where companies, especially in FDA-regulated sectors like biotech (e.g., Lucira Health, Cue Health) and other industries (e.g., Applied UV, Virgin Orbit, Rockley Photonics, Pacific Coast Oil Trust), raise substantial funds citing vague purposes shortly before collapsing into bankruptcy. This frequently results in devastating losses for individual investors (often $50,000+), while employees lose jobs.

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