A Supreme Court Win, a New Push for Free Trade and the Pentagon’s Biofuels Boondoggle
CEI scores a Supreme Court victory in the case of Free Enterprise Fund v. Public Company Accounting Oversight Board.
President Obama is getting ready to push for a free-trade agreement with South Korea.
The U.S. military is going green by testing jet engines powered by biofuels.
1. LEGAL
CEI scores a Supreme Court victory in the case of Free Enterprise Fund v. Public Company Accounting Oversight Board.
CEI Expert Available to Comment: Director of the Center for Investors and Entrepreneurs John Berlau on the people who made this victory possible.
“The Court held the lack of removal power for PCAOB members to be unconstitutional and opened up an avenue of litigation for entrepreneurs to challenge its current rules and disciplinary actions under the Sarbanes-Oxley Act that created it.”
2. TRADE
President Obama is getting ready to push for a free-trade agreement with South Korea.
CEI Expert Available to Comment: Adjunct Fellow Fran Smith discusses how this would be good news for our hurting economy.
“It is estimated that Korea under the FTA would be reducing tariffs and quotas on goods and services, with goods alone adding “$10 billion to $12 billion to annual U.S. Gross Domestic Product and around $10 billion to annual merchandise exports to Korea.”
3. ENERGY
The U.S. military is going green by testing jet engines powered by biofuels.
CEI Expert Available to Comment: Senior Fellow Mario Lewis on how this is yet another example of government waste.
“Neither Renewable Energy World nor the Quadrennial Defense Review mentions how much camelina-based jet fuel costs. Hold on to your (toilet) seat! According to today’s ClimateWire, the price is $65.00 per gallon. That’s about 30 times more expensive than commercial jet fuel.”