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OpenMarket: July 2009

  • Ex-CEO Hank Greenberg hits home run against AIG and Spitzer

    July 7, 2009
    Once again, the team of politicians and corporate bureaucrats pursuing the witchhunt against former American International Group CEO Maurice "Hank" Greenberg have struck out.
  • Antitrust Policy and Telecoms

    July 7, 2009
    It’s hard to make a case that a company is abusing market power if it doesn’t really have any. And Verizon and AT&T are not exactly Standard Oil.
  • Stepping Up the Class War

    July 7, 2009
    On both of the most salient issues of the day, health care reform and climate change, proponents of the corresponding legislation are setting their sights on the rich to pay for these expensive measures. The massive government health care bill in the House involves a very expensive restructuring of the health care system in the United States--so expensive, in fact, that Democrats are proposing a tax increase on the rich, that is, in addition to the one that will occur when the Bush tax cuts expire in 2011.  They are calling it a "surtax"--a yet-undetermined slice of the incomes of those earning over $200,000 per year, which would be used to help pay for the implementation of the health care overhaul. At the same time, a...
  • Young in American Spectator: "Unnecessary Baggage"

    July 7, 2009
    CEI Fellow in Regulatory Studies, Ryan Young, talks about the latest bill in Congress to regulate your carry-on habits.  Find the article here.
  • Blowing Sunshine

    July 7, 2009
    Apologies for the late notice, but I had an article on the potential of solar power in last Friday's Washington Examiner:
    If the American Clean Energy and Security Act, which passed narrowly in the House of Representatives this week, also passes the Senate, does this mean that we'll soon replace coal-derived electricity with clean and green solar power? Don't count on it. Solar has a lot of problems, and those relying on it for the promised "green jobs" will probably be let down.
    You might also be interested in the levelized cost-comparisons for building new power plants in 2016 from the Energy Information Administration, helpfully compiled by the...
  • Obama: "Universal Principle" Gives Presidents the Right to Keep Ruling Even If They Violate the Law

    July 7, 2009
    Honduras removed its would-be dictator, President Mel Zelaya, for violating his country's constitution by seeking to extend his term in office, and replaced him with a leading Congressman. Zelaya's removal was authorized by Articles 239 and 272 of the Honduran Constitution, and ordered by his country's Supreme Court, after he used coercion and aid from Venezuela's dictator to push an illegal referendum. But Obama has joined Cuban dictator Castro and Venezuelan dictator Chavez in demanding that Zelaya be reinstated. Originally, Obama's justification for this demand was his...
  • Killing Bill

    July 7, 2009
    In today's Washington Examiner, the U.S. Chamber of Commerce ran an ad where its President and CEO Thomas J. Donohue warns that the Waxman-Markey climate change bill "would put U.S. businesses at a disadvantage, would violate our international trade obligations and could incite a devastating trade war that would cripple American exporters." The cap-and-trade system--together with the carbon tariffs and border adjustments suggested in the bill--will be harmful for U.S. businesses, and as Donohue points out, "would not be a good idea in the midst of the worst recession since the Great Depression." As CEI Energy Policy Analyst William Yeatman and former CEI Warren Brookes Fellow Jeremy Lott highlighted, the Waxman-Markey bill contains 397 new regulations. The economic cost estimates are...
  • Regulation of the Day: The Size of Your Carry-On Bags

    July 7, 2009
    The Securing Cabin Baggage Act wouldn't add to security, wouldn't make flying more convenient, and may well be the result of rent-seeking.
  • DC Independence Day Tea Party: My Perspective

    July 7, 2009
    This weekend I was able to glean a different perspective when they asked me to deliver one of the speeches at the DC Independence Day Tea Party at Upper Senate Park next to the Capitol Building.
  • Regulation of the Day: The Price of Shrimp

    July 6, 2009
    The ITA has been upset for some time that a Thai shrimp exporter is selling shrimp cheaply; hungry consumers have had no complaints.

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