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OpenMarket: April 2014

  • Congressional Scorecard Update: Minimum Wage Fairness Act of 2014

    April 30, 2014
    Today, the Minimum Wage Fairness Act of 2014, a bill to raise the federal minimum wage to $10.10 per hour, failed to gain enough support in a procedural vote and has been blocked.
  • Sketchy Super PACs

    April 30, 2014
    The labor battle in Missouri is becoming supersized because of union super PACs. Unions can support politicians (just Democrats, of course) and policies through super PACs, which would be largely funded by dues money. Unions have plenty of cash to throw toward political interests, but now union leaders have promised to focus on “electing Democratic state legislators” in Republican states.
  • This Minimum Wage Hike Will Kill Jobs

    April 30, 2014
    The key thing you need to know about a minimum wage hike is that it will kill jobs. About 80 percent of economists surveyed recognize this job-killing reality, points out  former chair of the White House Council of Economic Advisers and current Harvard economics department chairman Greg Mankiw in his popular textbook, Principles of Economics. Moreover, 85 percent of econometric studies demonstrate this job-killing fact. U.S. News & World Report explains, “Proponents of a higher minimum wage point to a handful of studies that find no jobs effect to make their case. And it’s true, these studies do...
  • Obama Administration Attacks Cross-Examination and Due Process Rights in Campus Guidance

    April 30, 2014
    Justice Brandeis once observed that “The greatest dangers to liberty lurk in the insidious encroachment by men of zeal, well meaning but without understanding.” However well-meaning they may be, the Obama administration’s guidance and task force recommendations yesterday on campus sexual harassment and rape contain an insidious attack on cross-examination (as KC Johnson discussed at Minding the Campus.) As the Task Force Report notes (pg. 19), "this new guidance clarifies that: . . . the parties should not be allowed to personally cross-examine each other." Similarly, the guidance itself says (pg. 31): "OCR strongly discourages...
  • Johnson-Crapo Delayed; CEI-Coordinated Coalition Letter Cited as a Factor

    April 29, 2014
    Today, in a surprise move, the Senate Banking Committee postponed the vote it had been set to mark up for Johnson-Crapo. Reports vary as to whether this bill is "dead on arrival" or coming up soon with amendments (mostly to bring around liberal Democrats). One thing is clear, though. The bill is losing momentum, and the proverbial Congressional clock is ticking. Today's delay is great news for ordinary American taxpayers and shareholders who would have been ripped off by Johnson-Crapo and its creation of the Federal Mortgage Insurance Corportation, or Feddie Mic. The Competitive Enterprise Institute (CEI) has for decades warned about the risk to taxpayers and the economy posed by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. In 2000, CEI founder and then-...
  • CEI Podcast for April 29, 2014: Ten Thousand Commandments

    April 29, 2014
    Wayne Crews talks about the new 2014 edition of Ten Thousand Commandments
  • Kings, Contracts, and the Rule of Law: Republic of Argentina v. NML Capital

    April 29, 2014
    Co-authored with John Norton Moore and Robert F. Turner Last Monday, April 21, the Supreme Court heard argument in a major case involving issues at the core of the rule of law, sovereign immunity, and the right of contract. The case, Republic of Argentina v. NML Capital, involves Argentina’s attempt to avoid liability for its 2001 default on billions of dollars in foreign debt. The specific issue is whether a group of American bondholders, which won court judgments against Argentina over that default, can seek discovery (that is, legally-compelled information) against Argentinian assets outside the U.S. in order to satisfy these judgments. The Second Circuit upheld this discovery. Argentina, supported somewhat surprisingly by the U.S. State Department, is asking the Supreme...
  • Congressional Scorecard Update: Confirmation of David Weil to Wage and Hour Division

    April 29, 2014
    On April 28, 2014, the U.S. Senate confirmed another ardent Big Labor supporter, David Weil, to serve as the administrator of the Wage and Hour Division of the Department of Labor.
  • Ten Thousand Commandments 2014

    April 29, 2014
    The 2014 edition of Wayne Crews’ annual Ten Thousand Commandments report comes out today
  • May 8 debate in Washington DC

    April 29, 2014
    I'll be debating Professor Brian Fitzpatrick in Washington, DC, the morning of Thursday, May 8. Registration and details at the e21 site.

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