Federal regulations cost $1.2 trillion annually – on top of the $3.55 trillion in direct government spending. Approximately 4,004 rules from nearly 70 departments and agencies filled the regulatory pipeline in 2008, and the Federal Register now skirts 80,000 annual pages. CEI is committed to fighting this level of government intervention in people’s everyday lives. Read more on regulation at CEI.org.
In a time when the federal government’s involvement in the economy appears to only grow, it’s encouraging to see at least one industry where the trend may soon move in the opposite direction, even if at the state level. Virginia Governor-elect Bob McDonnell has proposed priviatizing the state’s liquor stores — known as ABC stores, for Alcoholic Beverage Control.
As Garrett Peck, author of The Prohibition Hangover, notes in The Washington Post, this is long overdue. (The op ed is due to…
The European Commission is once again targeting an American tech company with an antitrust investigation. This time the EC has its sights set on Oracle and it’s $7.4 billion bid for Sun Microsystems. In short, the worry is that if Oracle acquires Sun, along with it’s popular open-source database software MySQL, that somehow competition in the database market will become nonexistent.
But as Matt Asay at Cnet.com pointed out this week, competition is alive in well in the database market. Amazon recently announced…
CEI Weekly is a compilation of articles and blog posts from CEI’s fellows and associates sent out via e-mail every Friday. Also included in the Weekly newsletter is a brief description of CEI’s weekly podcast and a feature on a major CEI breakthrough made during the week. To sign up for CEI Weekly, go to http://cei.org/newsletters.
CEI Weekly
November 6, 2009
>>CEI Blasts Antitrust Lawsuit Against Intel
CEI’s Ryan Radia criticized New York Attorney General Andrew Cuomo and his groundless antitrust case again Intel.…
Today’s American Spectator Online has a piece by CEI VP Wayne Crews and I on curbing Congressional abuse of unfunded mandates. If the term is new to you, unfunded mandates are basically an accounting gimmick that lets government understate how much it costs taxpayers:
rather than fund a new federal job training program through a Department of Labor appropriation, Congress could mandate that all Fortune 500 firms provide, and pay for, such training. The first appears on the federal budget, the…
With the House version stacked bigger than Dolly Parton at about 2,000 pages, anybody who says they know for certain is lying. It’s not just the verbiage but how it will be interpreted in the years to come. Still, there’s more than enough to be alarmed enough to want to kill the bills off.
“Rather than overwhelm you with arcane details of each bill,” writes Robert Bidinotti in an engaging and highly annotated essay, “it is more important that you understand in…
A statement from New York Attorney General Andrew Cuomo this morning announces the launch of an antitrust lawsuit against chipmaker Intel. Intel supposedly is “bribing” and “coercing” computer manufacturers like Dell, HP into using its chips.
Intel gives them money and rebates to use Intel chips. Think about that; they don’t have to pay as much, and get paid themselves, to use Intel chips rather than AMD ones.
I like it when I get rebates and cash, myself, but I’m just crazy.
Let’s…
Rumors abound that graphics chip maker Nvidia is getting set to enter the x86 processor market. Recall that, according to AMD’s lawyers, the processor market is uncompetitive and being unfairly monopolized by Intel.
Now, if the antitrust lawyers are correct, and the CPU market is uncompetitive and needs government intervention, then there must be some barriers to entry that are keeping other competitors out of the market, allowing Intel to reap outrageous profits. However, if Nvidia can and does enter the processor market…
A new ordinance in Dudley, Massachusetts makes it illegal to own more than three cats without government consent. (Hat tip: Drudge)
Having solved all of the community’s other problems, regulators now have the time to turn their attention to what is apparently a spat between neighbors. One resident is upset that the 15 cats (!) owned by a neighboring woman have been sullying his yard.
I might suggest that Coaseian bargaining might be a better solution than a law.
A fiat decision in favor…
The Motion Picture Association of America has come out against net neutrality… sort of. In its filing with the FCC[PDF] late last week, the MPAA reminded the commission of the importance of content companies in driving new infrastructure technologies, and claims that protecting these content companies (i.e. forcing ISPs to filter out file-sharers) is vital for the future health of the internet.
It would seem fair to speculate that file sharing, contrary to the both the MPAA’s and the RIAA’s earlier…
It’s been a year since the president was elected, and he’s already piled up an impressive list of lies and broken promises.
The broken promises include his pledge to enact a “net spending cut,” his promise not to raise taxes on anyone making less than $250,000 a year, and his promise not to sign bills without first giving the public five days of notice.
The Congressional Budget Office says that Obama’s proposed budgets will explode the national debt through massive spending increases, increasing the already large deficits…
Regulation begets rent-seeking. When government assumes the power to regulate imports, domestic firms will lobby to use that fact to their advantage.
Case in point: Home Products International (HPI), an American company, makes ironing tables. So does Hardware, a Chinese company. I personally have no idea which firm makes the better ironing table. That’s for consumers to decide.
Or at least it should be for consumers to decide. But it doesn’t always work that way in practice. HPI seems to have already…
The Wall Street Journal calls the House version of President Obama’s health care plan “the worst bill ever,” noting that it will lead to “epic new spending and taxes, pricier insurance, rationed care, dishonest accounting,” and other problems.
At the Atlantic, Megan McArdle, who voted for Obama, explains how ObamaCare will cost much more than promised — at least $150 billion more. That’s true even if promised cuts to Medicare included in ObamaCare actually take place — but as McArdle notes, even…
From a letter to the editor of the Washington Post:
It is ridiculous that The Post has dedicated so much of the A section the past several weeks to the swine flu outbreak. Being a young “survivor” of the swine flu, I have to say that it was the most anticlimactic experience I have ever had. No deathbed, no fever.
The way the media continue to portray the virus is creating unnecessary panic around the world. Many people infected with the virus don’t…
From attempting to manipulate the definition of “supervisor” to changing the way in which workers are organized, the above seems to be a guiding principle in organized labor’s bold new approach to increasing union membership. Consistent with that, some union friendly government officials are trying to change the way in which votes for some workers are counted.
Today, as The Wall Street Journal reports, National Mediation Board chair Elizabeth Dougherty wrote to more than a dozen Republican senators, protesting her colleagues’ proposed rule…
TorrentFreak reports that a new “network-aware” version of the BitTorrent protocol is being beta-tested. The new client, µTorrent 2.0 or µTP, will be able to regulate its own bandwidth usage (”throttle” itself) to avoid interference with other applications. According to a BitTorrent spokes person, the network-friendly redesign will slow uploads if congestion is detected on a network, but should leave download speeds unaffected in most cases.
The new client also has a feature that will enable users to stop all downloads if…
Wired reports that a Maryland woman recently lost her job due to an error in the FBI’s criminal database. Eschol Amelia “Amy” Studnitz, formerly a senior accountant for Corporate Mailing Service, was required to undergo a background check after CMS won a contract to handle mail for the Social Security Administration. She was fired from her job after the FBI’s criminal database deemed her “unsuitable” for level-1 security clearance. Studnitz was not given any details regarding her background check.
Two weeks later,…
This month’s issue of Info Tech & Telecom News contains an article by yours truly on certain states’ attempts to collect sales taxes from out-of-state businesses. Key point:
Economists have known for a long time that when you tax something, you get less of it. Apparently some state legislators want less commerce in their states.
Two EPA lawyers criticized the cap-and-trade energy bill passed by the House as a scam, noting in The Washington Post that it will be manipulated to profit politically connected corporations and reward certain kinds of pollution, while not cutting greenhouse gas emissions. A similar scheme enacted in Europe in the name of fighting global warming enriched polluters, while not reducing emissions, which actually rose faster in most of Europe than in the U.S.
The Washington Examiner explains how the bill will lead to deforestation, and thus increase greenhouse gas…
It’s Halloween, and the monster at the door is swine flu. Or so we’re told. Yet again. And people respond accordingly. “I’ve never seen it like this,” an administrator at Dunwoody Pediatrics in suburban Atlanta told USA Today. “That name, H1N1, sends parents into a panic. We’ve had a lot of verbal abuse.” And yet there’s evidence the epidemic may have peaked!
The CDC reports that hospitalizations for the week ending October 24 barely increased while deaths are actually down from the…
Emulating the Obama Administration, New York Gov. David Paterson has “declared a state of emergency, saying a recent rise in swine flu cases has created a ‘disaster,’” according to the Associated Press.
The executive order suspends state law and allows more health care professionals to administer vaccines.
The emergency? AP says at least 75 residents have died of swine flu in the last seven months. By comparison, given its population size we’d expect over 2,200 New York residents to die annually of seasonal…
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