CEI Daily Update

Issues in the News

1.    ENERGY & AGRICULTURE

The “UN warns of unrest as food price inflation hits developing countries,” pointing the finger at demand from developing countries, a rising global population, floods and droughts, and competition from the biofuel industry, reports the Financial Times today. 

CEI Expert Available to Comment: Energy Policy Analyst William Yeatman on the all-pain,no-gain infatuation with biofuels:

“The biofuel fad hurts the poorest of the world and does little, if anything, to mitigate climate change.”

2.   LEGAL/CONSTITUTIONAL

The New Jersey Supreme Court has rejected a nationwide class action against Merck over its drug Vioxx, recognizing that it would be inappropriate to apply New Jersey’s consumer protection law to claims all across the country.  CEI Experts  Available to Comment:  Legal Counsel Hans Bader: 

“That [decision] was correct. State consumer-protection laws vary widely from state to state, meaning that a nationwide consumer class action cannot apply a uniform law. State consumer-protection laws vary widely in their language, and even similarly phrased consumer-protection laws have been interpreted very differently from state to state by different state judiciaries.”   Read more.

3.    INSURANCE

Senator Tim Johnson returned to work yesterday, which means the debate over

Optional Federal Chartering of insurance will heat up. Johnson’s National Insurance Act would likely improve the insurance markets around the country.  CEI Expert Available to Comment: Senior Fellow Eli Lehrer:

“It’s pretty simple to describe: Let insurance companies do what banks have done since the Civil War and subject themselves to federal rather than state regulation while simultaneously getting rid of confusing and unnecessary rate regulatory regimes.” Read more.

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FOR MORE INFORMATION

To contact a CEI expert for comment or interviews, please call the CEI

communications department at 202-331-2258  or email to  [email protected].