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California Utilities

California’s Latest Hustle: Utility Bills Based on Ratepayers’ Income

Utility bills—for electricity, natural gas, water, and garbage—have by long-standing tradition been based on customer usage, measured in kilowatt-hours of electricity, therms or Btu of natural gas, hundred cubic feet of water, or number of garbage cans. Every residence and business has electric, gas, and water meters that measure utility usage… But what if utilities based their fixed fee on customers’ income levels rather than a flat uniform fee for every customer?

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Cyprus Banks and the Rise of Neo-Feudalism

Even though the Central Bank of Cyprus is showing the world – in stark naked detail – how governments will deal with their debt problems, there is no general panic. Panicos Demetriades the governor of Cyprus’ central bank goes about his business… like Ben [Bernanke] and Mario [Blejer head of the Argentine Central Bank]… ripping

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