Education Reform

civil liberties 460While we acknowledge the equal protection clause under the Fourteenth Amendment which provides access to free public elementary and secondary school education for all US citizens and legal residents, we are also proponents of school choice and educational vouchers. Geography should not be destiny. The funding should follow the child. Parents should have the ability to select the best educational option for their children including traditional public, public charter, parochial, private or home school.

In The News

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Technocensorship: When Corporations Serve As A Front For Government Censors

Technocensorship: When Corporations Serve As A Front For Government Censors Authored by John & Nisha Whitehead via The Rutherford Institute, “Once a government is committed to the principle of silencing the voice of opposition, it has only one way to go, and that is down the path of increasingly repressive measures, until it becomes a source of terror to all its citizens and creates a country where everyone lives in fear. We must, therefore, be on our guard against extremists who urge us to adopt police state measures. Such persons advocate breaking down the guarantees of the Bill of Rights in order to get at the communists. They forget that if the Bill of Rights were to be broken down, all groups, even the most conservative, would be in danger from the arbitrary power of government.” – Harry S. Truman, Special Message to the Congress on the Internal Security of the United States (August 8, 1950) Nothing good can come from allowing the government to sidestep the Constitution. Unfortunately, the government has become an expert at disregarding constitutional roadblocks intended to protect the rights of the citizenry. When these end-runs don’t suffice, the government hides behind the covert, clandestine, classified language of national security; or obfuscates, complicates, stymies, and bamboozles; or creates manufactured diversions to keep the citizenry in the dark; or works through private third parties not traditionally bound by the Constitution. This last tactic is increasingly how the government gets away with butchering our freedoms, by having its corporate partners serve as a front for its nefarious deeds. This is how the police state has managed to carry out an illegal secret dragnet surveillance program on the American people over the course of multiple presidential administrations. Relying on a set of privacy loopholes, the White House (under Presidents Obama, Trump and now

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China Bans High Frequency Trader as Quant Trading Crackdown Expands

China Bans High Frequency Trader as Quant Trading Crackdown Expands Just days after China cracked down on quant funds, Beijing took our advice (from around 2009) and started cracking down on the market parasites better known as HFTs (which Michael Lewis decided to give a starring role in his 2014 book Flash Boys about five years after we first popularized this market segment). One week after Beijing suspended Lingjun Investment, one of China’s largest quant funds for three days, on Thursday, China also banned another top-performing quant fund from the stock-index futures market and vowed tighter oversight of high-speed trading, expanding a crackdown on computer-driven investment strategies that some have blamed for exacerbating market turmoil (funny how nobody blames (15 years later, we still find it funny how nobody ever blames algos for surging stock prices, just for crashes). The China Financial Futures Exchange banned Shanghai Weiwan Fund Management from opening stock index futures positions for 12 months, while confiscating 8.9 million yuan ($1.2 million) in illegal gains, the bourse said in a statement late Wednesday. The hedge fund had allegedly used high-frequency trading to circumvent transaction limits on multiple equity index futures, the exchange claimed. It also failed to disclose the links between accounts by its controller and relatives and accounts used for managing its products. Shanghai Weiwan was the top performer for the CTA strategy in 2022 among managers with less than 500 million yuan, with a 105% gain through November of that year, according to Shenzhen PaiPaiWang Investment & Management Co. One of its products was ranked 19th among all CTA strategies by managers with less than that amount over the past year. The penalty marks an escalation of scapegoating a clampdown on quant trading, as regulators try to shore up confidence in the stock market after three years of losses, and somehow blaming

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