Banning Bottled Water, Remembering Jack Dreyfus and Greenhouse Gas Legislation
Activists campaign for college campuses to ban sales of bottled water.
Legendary investor Jack Dreyfus passes away at age 95.
Reps. Henry Waxman (D-CA) and Ed Markey (D-MA) introduce legislation to limit greenhouse gas emissions.
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1. HEALTH
Activists campaign for college campuses to ban sales of bottled water.
CEI Expert Available to Comment: Director of Risk & Environmental Policy Angela Logomasini on the folly of the bottled water bans:
“In addition to safety issues, piped water can suffer flavor defects from contaminants found in pipes, disinfectants, or from the water source. Some sources, such as the Potomac River next to Washington D.C., are home to species of algae that periodically impact tap water flavor. This is not to suggest that most tap water isn’t generally pretty safe. The United States has some of the best quality tap water in the world. However, it is not correct for environmentalists to deny the unique challenges and quality differences that tap water possesses. Nor is it fair to deny students and other consumers the option to pick a product with fewer such issues or one they simply like better.”
2. BUSINESS
Legendary investor Jack Dreyfus passes away at age 95.
CEI Expert Available to Comment: Director of the Center for Investors & Entrepreneurs John Berlau on how Dreyfus brought innovation to Wall Street:
“In the 1950s, Dreyfus tangled with the SEC over an action he pioneered that is now commonplace: the advertising of mutual funds on TV. Dreyfus recalled that shortly after his first ad aired — with the trademark lion emerging from a New York subway — the SEC restricted mutual fund commercials. For a time, the fund couldn’t get any new ads approved, but, as Dreyfus recalled, “nobody got tired of the lion” or the message that the company “hopes to make your money grow, and takes . . . sensible risks in that direction.” Soon, after thousands of ordinary investors saw their nest egg grow under Dreyfus, common sense prevailed and funds could once again run TV ads.”
3. ENVIRONMENT
Reps. Henry Waxman (D-CA) and Ed Markey (D-MA) introduce legislation to limit greenhouse gas emissions.
CEI Expert Available to Comment: Senior Fellow Marlo Lewis on why Markey-Waxman is an anti-energy bill:
“Since coal provides about 50% of all U.S. electric power, an agenda that aims to suppress or even kill off coal generation in a decade or so should worry anyone who worries about the economy (and who doesn’t worry about the economy these days!). To sum up, the Markey-Waxman bill leaves intact the [New Source Performance Standards] threat to our electric supply system. It would create a new launch pad for litigation based on the perceived environmental risks of ‘small incremental’ emissions. Any ‘regulatory certainty’ it appears to offer is illusory.”
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