Cities that don’t play by porn’s rules risk losing lucrative its tax revenue. Due to concerns that HIV was being transmitted on porn units, Los Angeles County stipulated in 2012 that porn actors wear condoms when filming. The county subsequently saw a 95{889f11dd78af44195e99a8a45806d98ad1fa7f272d11f4c6d22b45f5e75dcb8c} drop in porn permit requests over the following four years. Meanwhile, the number of whole movie productions in Las Vegas, where condoms weren’t required, jumped 50{889f11dd78af44195e99a8a45806d98ad1fa7f272d11f4c6d22b45f5e75dcb8c} from 2012 to 2013.
For debtors, this is good news because they now have to pay less value to retire their debts—once more, hurting the people who bought financial institution bonds based mostly on those debts. This makes borrowing extra enticing, but interest rates soon shoot up to take away that attraction. Governments can intervene when firms or complete segments of the financial system are failing, or threatening to undermine the whole financial system, by providing bailouts. Mary Hall is a … Read More
