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“Mattress Mack” bet a total of $13 million on the Houston Astros winning the World Series, not because he’s such a fan, but to cover his business losses if that were to happen.
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There’s a good reason that the comptroller has sole authority over investment decisions.
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It is one of the many, many reasons our nation’s Founding Fathers profoundly limited government. They trusted businessmen much more than they trusted government bureaucrats.
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We are in the midst of what is referred to as the “transition” – the hand off of power from one president to another. God bless America – these conversions are peaceful. Even when the exchange takes place between presidents of opposing political parties, as is currently underway.
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New York Attorney General (AG) Eric Schneiderman has opened an investigation into Exxon Mobil, the world’s largest energy company, and subpoenaed all company documents related to climate change research since 1977. His office says it’s an effort to find out whether executives “lied to the public about the risks of climate change or to investors about how such risks might hurt the oil business.” This follows on the heels of calls from 50 environmental groups, both major Democratic candidates for the presidency, and Democratic members of Congress for a federal probe into the firm.
