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PayPal founder’s next project: Libertarian island nations

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Peter Theil, the billionaire investor who co-founded Internet payments processor PayPal and made a key initial investment in Facebook, has a whole new idea occupying his time lately: according to a profile published in Details magazine Tuesday, he wants to build a series of island nations governed by a strict libertarian ideology.

The bizarre experiment would be a way to test alternative theories of governance, he and associates told reporter Jonathan Miles. The micro-countries would be something like city-states floating the ocean on massive platforms, like oil rigs.

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Theil’s profile also mentions that he originally wanted PayPal to be a BitCoin-like alternative currency, in the techno-anarchist sense, acting as a store of value immune to the fluctuations of national currencies.

He’s even gone so far as to donate $1.25 million to the Seasteading Institute, to study the viability of livable platforms that rest on top of the ocean’s waves.

Read the whole story here.

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Pompeo now regrets not defending Ukraine ambassador as scandal ensnares the State Department: report

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Sources are saying Secretary of State Mike Pompeo has become frustrated by the loss of some top officials and regrets his failure to defend the former ambassador to the Ukraine from a smear campaign.

One source said Pompeo failed to get involved because he was afraid of upending U.S.-Ukraine policy and be pushed out of the administration like former national security adviser John Bolton, reported CNN.

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Trump fans sharpen their knives for Mulvaney after quid pro quo disaster: ‘He’s about 70 percent as smart as he thinks he is’

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Acting White House chief of staff Mick Mulvaney's disastrous press conference on Thursday has riled up some of Donald Trump's most avid defenders who are now talking behind his back and on conservative talk radio for hurting the president.

According to a report at the Daily Beast, not only was the press stunned by Mulvaney's admission that the administration indulges in quid pro quo negotiating -- with the high-ranking White House official snapping "Get over it" at reporters -- but conservatives were also appalled at the damage he did to Trump despite attempting to disavow his own words hours later.

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Trump lawyer issues bonkers threat to sue CNN over ‘unfair’ coverage of the president

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Trump attorney Charles Harder on Friday sent CNN CEO Jeff Zucker a bonkers letter in which he threatened to sue the cable news network for its "biased" coverage of the president.

The letter, which was posted on Twitter by Trump 2020 chief operating officer Michael Glassner, accuses CNN of deceiving the public with its slogan of putting "facts first," and it outlines the many ways the president has been treated poorly by the network.

"Never in the history of this country has a President been the subject of such a sustained barrage of unfair, unfounded, unethical and unlawful attacks by the so-called 'mainstream' media as the current situation," Harder writes. "My clients intend to file legal action against you to seek compensatory damages, treble damages, punitive damages, injunctive relief, reimbursement of legal costs, and all other available legal and equitable remedies to the maximum extent permitted by law."

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