Financial Regulations, Greenhouse Gases and Microsoft’s Bid for Yahoo
The Treasury Department’s “blueprint” for overhauling financial regulation faces strong opposition.
State governments across the country pledge to reduce greenhouse gas emissions.
News Corp. considers joining Microsoft’s bid to acquire Yahoo.
1. BUSINESS
The Treasury Department’s “blueprint” for overhauling financial regulation faces strong opposition.
CEI Expert Available to Comment: Senior Fellow Eli Lehrer and Center for Entrepreneurship Director John Berlau on where the blueprint fails:
“America needs a fundamental rethinking of its system of financial regulation that asks questions about what activities properly fall under governmental regulation, which ones might be dealt with through semi-private means, and which ones belong entirely in the hands of the free market. The Blueprint fails on this fundamental count.”
2. ENVIRONMENT
State governments across the country pledge to reduce greenhouse gas emissions.
CEI Expert Available to Comment: Energy Policy Analyst William Yeatman on the lack of real action on greenhouse gas reductions:
“In Hawaii, Connecticut and California, lawmakers passed legally binding emissions reductions without suggesting how those reductions would take place. The governors of New Jersey, Florida and Colorado committed their states to non-binding emissions targets, but kept silent on their strategy for achieving these cuts. For all the talk, no one has yet to put forth a viable plan to reduce emissions.”
3. TECHNOLOGY
News Corp. considers joining Microsoft’s bid to acquire Yahoo.
CEI Expert Available to Comment: Technology Policy Analyst Cord Blomquist on potential opposition to the deal:
“While the Yahoo board may try to resist the merger, this hostile takeover shouldn’t inspire hostility at the Federal Trade Commission. Though there is no guarantee that Microsoft will be able to successfully integrate the two companies, we can be assured that a merger will not reduce competition in the marketplace. That’s because the market is growing too quickly and is too dynamic for the merger to seriously effect competition.”
Blog feature: For more news and analysis, updated throughout the day, visit CEI’s blog, Open Market.
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