Our Federal Tax Dollars (and politicians) at Work: Intrastate Internet Gambling OK, but other Internet Gambling is Not

Cringely:

Last Saturday the United States Congress passed a port security bill that carried an amendment banning Internet gambling. This was a huge mistake, not because Internet gambling is a good thing (it was already illegal, in fact), but because the new law is either unenforceable or — if it can be enforced — will tear away the last shreds of financial privacy enjoyed by U.S. citizens. The stocks of Internet gambling companies, primarily traded in the UK, went into free-fall as their largest market was effectively taken away. I don’t own any of those shares, but I guarantee you they will fully recover, which is part of what makes this situation so pathetically stupid.

Ironically, many of the senators who voted for this legislation may not have even known the gambling bill was attached, since it didn’t appear in the officially published version of the port bill. But such ignorance is common in Congress, along with a smug confidence that people and institutions can be compelled to comply with laws, no matter how complex and arcane. The amendment was a surprise late addition, pushed by Senate Majority Leader Bill Frist, who has presidential ambitions and reportedly sees this battle against Internet gambling as part of his eventual campaign platform.

Only the new law isn’t really against Internet gambling at all, since it specifically authorizes intrastate Internet gambling, imposing on the net the artificial constraint of state boundaries. So the law that is supposed to end Internet gambling for good will actually make the practice more common, though evidently out of the hands of foreigners, which in this case includes not just operators from the UK but, if you live in South Carolina as I do, it also includes people from Florida and New York. Let a million local poker hands be dealt.

What the new law actually tries to control is the payment of gambling debts through the U.S. banking system, making such practices illegal (except, of course, for intrastate gambling, which probably means your state lottery). Once President Bush signs the bill, your bank and credit card companies will have 270 days to come up with a way to prohibit you from using your own money to pay for gambling debts or — though far less likely– to keep you from receiving your gambling profits. The law covers not just credit card payments but also checks and electronic funds transfers.

Congressional and Senate votes here. Tammy Baldwin voted yes as did Russ Feingold and Herb Kohl. It would be interesting to know if any of them were aware of what was in this bill.

Miller Park Economics, or Your Tax Dollars at Work

Tom Haudricourt and Don Walker:

In the three years after moving into Miller Park in 2001, the Milwaukee Brewers made a yearly economic impact of $327.3 million on the five-county area that was taxed to build the ballpark, according to a study by the Institute for Survey and Policy Research at the University of Wisconsin-Milwaukee.

The director of the UWM Center for Economic Development offered a different view, saying the study was a “standard nonsensical sports study that inflates the impact of spending on baseball.”

The study, which local public relations firm Mueller Communications Inc. commissioned on behalf of Major League Baseball and the Brewers, was completed in January 2005. It is to be made public for the first time Monday, when baseball Commissioner Bud Selig addresses a meeting of the Greater Milwaukee Committee at Miller Park.

Much more on Miller Park and Bud Selig here. The mosting interesting link is a June, 2004 article in the Washington Post of all places where Bud Selig’s hardball tactics were discussed and we learned that former Wisconsin Governor Tommy Thompson won’t set foot in the place. Clearly, the opportunity to place the park downtown was a major miss.