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OpenMarket: June 2015

  • Was Missouri Governor Jay Nixon's Right-to-Work Veto Influenced by UAW Campaign Contributions?

    June 23, 2015
    On June 4, Governor of Missouri Jay Nixon vetoed right-to-work legislation, which would end forced union dues payments, and was joined by UAW Local 249 members at a Kansas City auto assembly plant.
  • Ten Years After Kelo v. New London

    June 23, 2015

    Ten years ago today, the U.S. Supreme Court issued a 5-4 decision upholding the City of New London, Connecticut’s “right” to condemn Connecticut homeowners’ properties, transfer them to a state-created entity called the New London Development Corporation, which would then transfer those properties to a private developer of a planned mixed-use redevelopment project aimed at supporting an adjacent Pfizer research facility. (Land of the free, right?) At issue was the interpretation of the Fifth Amendment’s Takings Clause “public use” standard.

    The Court relied primarily on three previous cases involving the “public use” standard:

    Berman v. Parker (1954)—This case upheld the right of municipalities to declare entire areas blighted, even if the parcel in question isn’t...

  • Reasons to Oppose the Ex-Im Bank, Part 7: Mercantilism

    June 23, 2015

    The Export-Import Bank’s charter expires on June 30. This series of posts makes the case for closing Ex-Im, one argument at a time. See also parts 12345, and 6.

    Many people believe U....

  • One Nation, Ungovernable? Confronting the Modern Regulatory State

    June 22, 2015

    (Note: What follows is a hyperlinked version of the introductory paragraphs to the chapter of the same name in the new Fraser Institute/Mercatus Center book What America’s Decline in Economic Freedom Means for Entrepreneurship and Prosperity, edited by Donald J. Boudreaux.)

    When policymakers neglect federal regulation, they ignore arguably the greatest element of governmental influence in the United States’ economy and perhaps in society itself. One cannot prove...

  • Reasons to Oppose the Ex-Im Bank, Part 6: Ex-Im's Strange Dual Mandate

    June 22, 2015

    The Export-Import Bank’s charter expires on June 30. This series of posts makes the case for closing Ex-Im, one argument at a time. See also parts 1234, and 5.

    One plank of the Export-Import Bank’s mission is to give financing to companies that might not be able to get it from the private sector....

  • CEI's Battered Business Bureau: The Week in Regulation

    June 22, 2015

    The Federal Register passed the 35,000-page mark with new regulations covering everything from food additives to chimpanzees.

    On to the data:

    • Last week, 81 new final regulations were published in the Federal Register, after 64 the previous week.
    • That’s the equivalent of a new regulation every two hours and 4 minutes.
    • So far in 2015, 1,446 final regulations have been published in the Federal Register. At that pace, there will be a total of exactly 3,064 new regulations this year, which would be several hundred fewer rules than the usual total of 3,500-plus.
    • Last week, 1,542 new pages were added to the Federal Register, after 1,752 pages the previous week.
    • Currently at 35,437 pages, the 2015 Federal Register is on pace for 75,078 pages.
    • Rules are called “economically...
  • Reasons to Oppose the Ex-Im Bank, Part 5: Corruption

    June 19, 2015

    The Export-Import Bank’s charter expires on June 30. This series of posts makes the case for closing Ex-Im, one argument at a time. See also parts 1, 2, 3, and 4.

    When government has a lot of money and power, it is natural for people to curry its favor. It is just as natural for those wielding money and power to use it for personal gain. The Export-Import Bank provides numerous real-world examples...

  • Dodd-Frank Conflict Minerals Rules Cause Smuggling, Starvation, and Harm to U.S. Businesses

    June 19, 2015

    The 2010 Dodd-Frank Act effectively restricted U.S. business’s ability to obtain minerals from the war-torn nation of the Congo and surrounding countries. That caused massive unemployment and hunger in the Congo, and huge job losses in mining communities. By driving out Western buyers, it gave Chinese firms a virtual monopoly on some Congolese minerals. 

    Dodd-Frank imposed costly auditing and reporting requirements on companies that use minerals such as tin, tungsten and gold, requiring them to report on their use of minerals not just from the Congo, but also peaceful neighboring countries like Tanzania, which are effectively punished merely for being next to...

  • Only One Option to Rein in Politicized NLRB: Eliminate Appropriations

    June 19, 2015
    In a recent Forbes article my colleague Wayne Crews explains that "federal regulation matters more than spending." On the flip side, one of the only ways the current Congress can rein in federal agency regulation is to defund agencies that no longer serve the public good.
  • 2015 CEI Dinner Movie: The Magnificent 7

    June 18, 2015

    Complete with cowboy boots, wagon wheels, lamps made out of whiskey bottles, and wanted posters of the most “notorious” U.S. regulators—if you’re talking to a CEI staffer—this year’s annual dinner embodied the theme: Bourbon and BBQ Bash.

    Dinner guests were not disappointed with this year’s dinner movie production inspired by some of our favorite western movies, featuring some of CEI’s best work, and of course, starring some of CEI’s most beloved staffers.

    Watch the 2015 CEI dinner movie, “The Magnificent 7,” below:

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