Dodd Frank, Supreme Court Decision, and Italy

Dodd Frank, Supreme Court Decision, and Italy

Today in the News
June 22, 2012

DODD-FRANK LAWSUIT

CEI.org/doddfrank: Dodd-Frank Unconstitutional Power-Grab, Says New Lawsuit

The State National Bank of Big Spring, Texas, today filed a lawsuit asking the U.S. District Court for the District of Columbia to hear its case challenging the constitutionality of provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Competitive Enterprise Institute and the 60 Plus Association are also joining this community bank as plaintiffs in the same action, requesting the Court to invalidate the law because of the unprecedented, unchecked power it gives the government.

 

KNOX V. SEIU - F. VINCENT VERNUCCIO

CEI.org: Unions Lose Big in Supreme Court Ruling Today, Knox v. SEIU

Today the Supreme Court issued a victory for the First Amendment rights of workers around the country. Workers will no longer be forced to give compelled interest free loans for union politics. The court affirmed that freedom of association and free speech means you cannot be compelled to fund causes with which you disagree.

> Keep up with all labor union news at Workplacechoice.org

> Listen to LibertyWeek podcast to learn more about the decision and issues in Knox v. SEIU

> See also: Supreme Court Rules against Union Forced Speech

 

ITALY'S WOES - MATTHEW MELCHIORRE

City A.M.: Reform, not a bailout, will save Italy

With Greece on life support from the European Union and Spain squirming in the financial vice grip of its insolvent banks, talk of an Italian bailout is nigh. Without a growing economy to generate wealth, Italy is having a hard time convincing current and prospective bondholders that it can pay its debts. But throwing money at Italy’s problems won’t make them go away.

Substantive structural reform is the only way to restore prosperity, by spurring competitiveness and entrepreneurship. High taxation, a completely inflexible labour market, and poor governance stand in the way.