Concentrated benefits, dispersed costs: million dollar fraud that no victim has strong incentive to fight

Michael Giberson Christopher Mims explains a “A Web Scam that Makes $500,000 a Month” in MIT’s Technology Review. In essence, a web programmer set up websites to generate revenue off of pay-per-click or pay-per-impression online advertising. That isn’t the interesting part, since many folks have tried to scam money this way. The interesting part is … More Concentrated benefits, dispersed costs: million dollar fraud that no victim has strong incentive to fight

Meanwhile, more “power market and the state” battles in New Jersey and Maryland

Michael Giberson And if Andrew Kleit thinks that the Pennsylvania state government is toying with a bad idea (see previous post), look what is going on next door in New Jersey and Maryland. In New Jersey: “Utilities challenge New Jersey law while preparing to reap its benefits.” In January the Governor signed a law which … More Meanwhile, more “power market and the state” battles in New Jersey and Maryland