1. FINANCE

The Federal Deposit Insurance Corp
(FDIC) is trying to prop
up failed banks by encouraging public pension
funds to invest in them.

CEI Expert Available to Comment:
Editorial Director Ivan
Osorio on why this plan puts
pensions funds at risk.

“This perfect storm of moral hazard
and excessive risk cannot end well. Moreover, as former Labor
Department official F. Vincent Vernuccio notes, some public pension
funds already suffer from under-performance due to politicized
investment strategies adopted by their
managers.”

2. IMMIGRATION

Sens. Schumer (D-NY) and Graham (R-SC) meet
with President Obama to discuss immigration
reform.

CEI Expert Available to Comment:
Policy Analyst Alex
Nowaresteh on what the Senators are likely to
agree
on.

“What Chucky and the rest of these
guys don’t understand is that immigration is not a charity.
Immigration is massively beneficial to the economy, both nationally
and globally. But Chucky, Graham, and many others think of it as a
charity. Modern immigrants are, in most ways, better
suited to assimilation and success in America
than immigrants
from generations past.”

3. REGULATION

A man was tracked
down and arrested after sneaking under a
security rope at Newark Airport to kiss his girlfriend goodbye.

CEI Expert Available to Comment:
Warren Brookes Fellow Ryan
Young on why such overreaction is costly
and unnecessary.

Fortunately,
his sentence is a light one: “a $500 fine and $158 in costs and
fees,” plus 100 hours of community service. I was a bit worried
that he would have been shipped to Guantanamo Bay, frankly. Hopefully
retired Maj. Gen. Robert Harding, the new head of the TSA, will take
steps to make airport security more rational and less driven by
fear.”