Pensions, Immigration, and Airport Kisses
The Federal Deposit Insurance Corp (FDIC) is trying to prop up failed banks by encouraging public pension funds to invest in them.
Sens. Schumer (D-NY) and Graham (R-SC) are meet with President Obama to discuss immigration reform.
A man was tracked down and arrested after sneaking under a security rope at Newark Airport to kiss his girlfriend goodbye.
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.”