America's businesses are getting older and fatter, while many new businesses are dying in infancy.

    A study last month by the Brookings Institution found that the proportion of older firms has grown steadily over several decades, while the survival rate of new companies has fallen. In addition, young people are starting companies at a sharply lower rate than in the past.

    A new report from the National Association of Manufacturers shows a major cause: The cost of obeying government regulations has risen to more than $2 trillion (12.26 trillion yuan) annually, or 12 percent of the GDP, and this cost falls disproportionately on smaller, newer businesses.

    It's risky, difficult and expensive to start a business, and getting more so. Governments are imposing various new rules on a seemingly daily basis: health insurance, minimum wage increases and, most recently in California, compulsory paid sick days for even hourly employees. These regulations shift huge social welfare costs directly onto often-struggling small businesses, while being proportionally much less costly for larger companies.

    This is partly an unintended issue of resources—established companies can cope with new costs more easily—but it's also deliberate. For instance, big insurance companies got a seat at the table to help write Obamacare, but less politically powerful firms—like medical device manufacturers—got squeezed.

    Mature, successful corporations can employ ex-lawmakers with connections, distribute campaign contributions and even write regulations for themselves. They are also more likely to want to protect steady revenue streams than revolutionize their industry.

    Major companies that have been so ill-managed they would otherwise collapse—airlines, car companies and banks—stagger（蹒跚）on because politicians ride to the rescue with bags of taxpayer money.

    The genius of our unique system of government is the determination to protect and defend the rights of the individual over the rights of the nation. As such, the rise of a well-connected oligarchy（寡头政治）that protects big business at the expense of small business, and the established over the new, is opposite to American ideals.

    Income inequality—which is directly caused by faulty government policy—is being promoted as the reason to impose more of that bad policy. But let's be perfectly clear, we do not have a free market but one where government picks winners and losers through regulations and financial aids.

    Politics is, and always has been, about balancing competing interests seeking to benefit themselves, and that's as it should be, but the force of government should never be used to reduce competition, kill innovation or support and extend artificial monopolies（垄断）by harming the consumer, the taxpayer and the economy. Policy must breed our new and small businesses or see the as-yet undreamed of innovations that could be our bright future die in infancy.

Monthly Talks at London Canal Museum

    Our monthly talks start at 19:30 on the first Thursday of each month except August. Admission is at normal charges and you don't need to book. They end around 21:00.

November 7th

    The Canal Pioneers, by Chris Lewis. James Brindley is recognized as one of the leading early canal(运河) engineers. He was also a major player in training others in the art of canal planning and building. Chris Lewis will explain how Brindley made such a positive contribution to the education of that group of early“civil engineers”.

December 5th

    Ice for the Metropolis, by Malcolm Tucker. Well before the arrival of freezers, there was a demand for ice for food preservation and catering(保存和供应)，Malcolm will explain the history of importing(进口) natural ice and the technology of building ice wells, and how London's ice trade grew.

February 6th

    An Update on the Cotswold Canals, by Liz Payne. The Stroudwater Canal is moving towards reopening. The Thames and Severn Canal will take a little longer. We will have a report on the present state of play.

March 6th

    Eyots and Aits-Thames Islands, by Miranda Vickers. The Thames has many islands. Miranda has undertaken a review of all of them. She will tell us about those of greatest interest.

Online bookings: www.canalmuseum.org.uk/book

More info: www.canalmuseum.org.uk/whatson

London Canal Museum

12-13 New Wharf Road, London NI 9RT

www.canalmuseum.org.uk   www.canalmuseum.mobi

Tel:020 7713 0836

    A long time ago people thought that the sun went round the earth. In some countries people even said that the sun was a god(神). They thought the god drove across the sky each day on a golden horse. Now we know the earth goes round the sun. It takes the earth a year to go a circle(圈) round the sun. Today men even know how far it is for the earth to go round the sun. They tell us that the earth travels over a thousand miles a minute on its journey round the sun.

    The sun is really a star. It is much bigger than the earth and it is very hot. Some people have been to the moon but we know that no one can ever go to the sun. It is far too hot for people to live anywhere near it. The sun is three hundred thousand times heavier than the earth and more than million times larger.

    There are countless short videos on YouTube. It's a website for people to post video made by themselves. Many people make a lot of money through doing so. Then, who made the most over the past year?

    YouTube's top-earning celebrity is a 25-year-old video-game-playing young man who shows a strong sense of humor in his videos. He earned $12 million over the past year. Forbes magazine says Sweden's Felix Kjellberg, better known by his handle "PewDiePie", tops its first list of people who have turned short videos into huge piles of cash.

    YouTube stars make money mainly by getting paid to interact with products on their channels and sharing ad revenue(收入) with YouTube. Some also star in movies, write books, go on tour, or sell music. They're a hit with younger audiences and brands trying to reach the next generation of consumers.

    Two acts tied for the second place on Forbes' list, both earning $8.5 million: comedy prankster(搞恶作剧的人) duo Smosh(Ian Hecox and Anthony Padilla) and the Fine Brothers(Benny and Rafi Fine). Dancing violinist Lindsey Stirling ranked fourth with $6 million. Tied for fifth were comedians Rhett and Link(made of Rhett McLaughlin and Charles Lincoln III) and video game commentators(解说员) Olajide Olatunji, known as "KSI," with $4.5 million. Make-up artist Michelle Phan was seventh at $3 million. The No. 8 place was a three-way tie at $2.5 million shared by comedian Lilly Singh, or "Superwoman;" prankster Roman Atwood; and chef Rosanna Pansino.

    Forbes is best known for its list of billionaires and this list marks its first attempt at ranking YouTube stars. It says it measured earnings before management fees and taxes and came up with the figures based on data from online sources such as Nielsen, IMDb and interviews with managers, lawyers, industry insiders and the stars themselves.

    I ran into quite a few language problems while travelling with my family last summer. The most embarrassing(尴尬的) was when my Mom apologized(道歉) to the people we were staying with because her “pants were dirty”. They looked at her in amazement, not knowing how to react. You see, Mom had fallen over and gotten mud on her jeans. But in Britain, “pants” means underpants or knickers, not trousers as it does back home.

    Katie-From America

    I went to stay with a friend on the west coast last summer. Her flat was on the first floor of a high-rise building so I got the lift up. Then I wandered round for ages looking for her flat but couldn't find it. Fed up and tired, I finally had to go out to find a phone box. She explained that her flat was on the first floor, which for me meant the ground floor.

    David-From Britain

    When I asked for the “restroom” in a big department store, people kept directing me to a room with seats where I could sit and “rest”. It took me years to get through to someone that I only wanted the toilet!

    Tom-From America

    Last summer we went on a two-week family touring holiday, so Dad hired a car over the Internet. This was an old vehicle (汽车) and there turned out to be lots of things wrong with it. When he phoned the hire company and tried to explain that the lock on the boot was broken, they thought he was talking about footwear! He had no idea their word for “boot” was “trunk”. In the end we went to a garage and just solved the problem.

    Mary-From Britain

    Moments before I could lift my case to put it in the plane's overhead locker ahead of our recent holiday to Europe, my father gently urged me to stop. He held the thick handles of the case and lifted it with his thin arms, pushing it into place with a sigh. “You should relax and be the lady, and let me do the heavy tasks,” he said seriously. “In the future, someone special will come into your life and take over such tasks from me, but that will never happen if you do everything yourself.”

    I was stunned into silence. This was not the father I remembered from childhood, who trained me to study hard at school, asked me to earn my own pocket money as a teenager at a local coffee shop, and even taught me household chores so that my life alone in London wouldn't turn into a mess. But then, eight years after I left home and started a new life in the UK, I realized for the first time that my dad still has expectations for me to be like a princess and to stay dependent and delicate, which were considered necessary qualities of women in traditional China.

    Well, that came a little late. Little did Dad know that over the three years of my university life, I moved flats five times all by myself, dragging suitcases of books and clothes, and waiting for the taxi in the rain while holding tight onto cardboard boxes. Meanwhile, living in the UK – a country currently led by a female prime minister – I have never thought there is anything girls cannot do. Most of my female friends are professionals working in the City of London, and after work, we frequently go down to the pub for a drink, just like the guys do – something my mother never did.

    I wondered how I might make Dad understand the new world his little girl has entered. Perhaps one day, he will realize the “someone special” in my life will appreciate my confidence and independence above dependence, and admit that times have changed.