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OpenMarket: October 2018

  • Feds, Telecom Industry, Mayors Pledge Cooperation on Building Smart Cities

    October 30, 2018

    Charter Communications here in D.C. held a fascinating policy event this morning, “Partnering with Communities Today to Build the Smart Cities of Tomorrow.” The event featured remarks by Commissioner Michael O’Rielly of the Federal Communications Commission and Stephen Benjamin, mayor of Columbia, South Carolina and President of the U.S. Conference of Mayors. 

  • Q&A on Frank v. Gaos, Class Action Lawsuit Headed to Supreme Court

    October 30, 2018

    Q: What is the main question at issue in Frank v. Gaos?

    A: The Supreme Court will consider whether a class action settlement is fair under the rules where the plaintiffs’ attorneys direct all of the settlement relief to outside organizations instead of the class members.

  • How to Rewrite the Payday Loan Rule

    October 29, 2018

    Last Friday, the Bureau of Consumer Financial Protection announced that it will be reconsidering its’ controversial Payday, Vehicle Title, and High-Cost Installment Loan rule. (For a recap of what the rule involves, you can see my paper here.) Despite what some predicted, the Bureau is considering rewriting only certain provisions of the rule, such as the ability-to-repay requirement, rather than rescinding or rewriting the rule in its entirety.

  • This Week in Ridiculous Regulations

    October 29, 2018

    Lots of contentious issues are in the news, from the midterm election to immigration to a disturbing rash of bombs sent to politicians and media outlets critical of the president. The initial third quarter GDP estimate showed healthy 3.5 percent growth, but factors from Federal Reserve independence to government-managed trade threaten future growth. Meanwhile, agencies issued new regulations last week ranging from non-metallic panels to soybean boards.

  • New York State Latest to Sue Over Climate Change

    October 27, 2018

    New York Attorney General Barbara Underwood launched a lawsuit on October 24th against ExxonMobil Corporation over the company’s treatment of climate change-related risks and costs. The suit alleges that ExxonMobil knew, with precision, the social cost of carbon and the cost of future carbon mitigation policies, but that the company did not accurately include these costs in its decision making and in its public filings.

  • Greens Want to Hide the Truth about Chlorpyrifos

    October 26, 2018

    Environmental crusades to ban pesticides often exaggerate chemical risks with little, if any, consideration of how bans undermine food production. And there is a reason for that: a balanced approach undermines the greens’ radical agenda. Just recently, some activists have gone as far as to ask a federal court to basically ignore an amicus brief filed by farm groups. It details the damage that a court-ordered pesticide ban could cause.

  • Food Truck Freedom Marches on in North Carolina

    October 26, 2018

    There is good news for fans of the Poor Piggy’s BBQ food truck. The town of Carolina Beach, North Carolina has reversed its anticompetitive policy banning food trucks (that aren’t owned by existing restaurants) and will now allow freedom of tacos and gyros to reign.

  • David Friedman Swings and Misses at AV START Act

    October 26, 2018

    Axios recently launched a newsletter dedicated to automated vehicles. In the most recent issue, David Friedman attacks bipartisan legislation in Congress aimed at speeding regulatory modernization for highly automated vehicles (HAVs), commonly called self-driving cars. Like Sen. Dianne Feinstein (D-CA) and Joan Claybrook before him, Friedman regurgitates debunked talking points in opposition to the Senate’s AV START Act.

  • Celebrating the 40th Anniversary of Airline Deregulation

    October 24, 2018

    Forty years ago today on October 24, 1978, President Jimmy Carter signed the Airline Deregulation Act into law. This bipartisan legislation led to the elimination of price controls and route-setting by the now-abolished Civil Aeronautics Board. Since then, U.S. airline passenger volumes have increased by 210 percent—from about 250 million in 1978 to 850 million in 2017—while average inflation-adjusted airfares have fallen by more than 40 percent. 

  • This Week in Ridiculous Regulations

    October 22, 2018

    The fall 2018 edition of the semi-annual Unified Agenda was released on Wednesday. It lists upcoming regulations from every rulemaking agency. This marks the first time since 2005 that document has been released on time; Wayne Crews has more here. Meanwhile, agencies issued new regulations ranging from orange containers to teacher technology.


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