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OpenMarket: April 2018

  • Consumer Financial Protection Bureau Targets True Rights Violations with Wells Fargo Fine

    April 25, 2018

    After being attacked repeatedly for supposedly being soft on Wall Street and the “big banks,” Acting Consumer Financial Protection Bureau Director Mick Mulvaney was part of the Trump administration team that on Friday hit Wells Fargo with a fine of $1 billion. The CFPB levied this fine jointly the Office of the Comptroller of the Currency.

  • Systematic Failures of Chemical Safety Research at Environmental Protection Agency

    April 24, 2018

    “If at first you don’t succeed, try, try again” could be the motto of one of the key research programs at the U.S. Environmental Protection Agency known as the Integrated Risk Information System (IRIS). EPA staff have been working for nearly a decade to improve the scientific process of this program, but have yet to get it right. 

  • This Week in Ridiculous Regulations

    April 23, 2018

    The big news this week was the release of the 2018 edition of Ten Thousand Commandments. Agencies continued to provide fodder for next years edition with 49 proposed regulations and 61 final regulations last week, ranging from clam insurance to wireless signal boosters.

  • What Exxon Knew: AEI Panel on Recent Climate Change Litigation

    April 22, 2018

    The American Enterprise Institute (AEI) this week held a panel discussion titled “What did they know, and when did they know it?” on the growing swirl of state and municipal lawsuits alleging that ExxonMobil and other fossil fuel companies knowingly hid climate change risk from the public. The litigants—cities and counties in California and Colorado—hope to score billions in climate change “damages.”

  • City of Boulder and Two Colorado Counties Join Climate Shakedown Racket

    April 21, 2018

    Boulder, Colorado and Boulder and San Miguel Counties filed suit in state court this week against ExxonMobil and Suncor Energy. The suit claims that petroleum products sold by the companies contribute to climate change and that leads to all sorts of bad things—such as droughts, wildfires, and severe storms—that affect tourism and agriculture in the city and two counties.   

  • Lessons for Congress from '10,000 Commandments': Regulatory Budgets

    April 20, 2018

    One of the lessons learned from this year’s “10,000 Commandments” study is that Congress needs to be more involved in the regulatory process. It needs to make sure that agencies only regulate when legislation tells them to, and it needs to vet major new regulations. Over at USA Today, study author Wayne Crews and I make the case that Congress should also establish an annual regulatory budget.

  • The Changing Face of Selling Liberty Online

    April 20, 2018

    We’ve been publishing and promoting the study for many years, and our strategies and methods have changed as the years have gone by. When we first started our video project in the mid-2000s, we made “10,000 Commandments” one of our first productions. In the video here from 2008, we review the burdens of the regulatory state with talent from the CEI staff and video shot right in our office. Back then YouTube itself was only a couple of years old, and many nonprofit organizations were jumping into the online video space for the very first time.

  • '10,000 Commandments' at 25: What Have We Learned, What's to Come?

    April 20, 2018

    Wayne Crews has ably documented the regulatory state for twenty-five years and running. But what will the next twenty-five years of “10,000 Commandments” look like? From here, the future looks precarious, but there is reason to be hopeful about reducing Washington’s regulatory bootprint on consumer choice and the economy. With persistence, good ideas, and a little luck, the 2043 edition Ten Thousand Commandments will be much sunnier than this year’s.

  • Peter Navarro's Economic Ignorance on Trade

    April 20, 2018

    Trump economic advisor and Death by China author Peter Navarro’s recent column in The Wall Street Journal, “China’s Faux Comparative Advantage,” is a doozy. This is not a compliment; it is dangerous that someone so uninformed about basic economics has the president’s ear. Navarro’s mercantilism is the economic equivalent of Ptolemaic astronomy, and should be treated as such—a historical curiosity and an obstacle to human progress.

  • The Cost of Washington's '10,000 Commandments'

    April 19, 2018

    Federal regulation cost Americans $1.9 trillion in 2017, or nearly $15,000 per U.S. household—more than Americans spend on any category in their family budget except for housing. While the Trump administration has made noteworthy progress toward reining in the expansion of new rules, more substantial reform will need to come from Congress in order to significantly reduce this breathtaking government burden.


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