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OpenMarket: January 2019

  • Environmental Protection Agency Proposes Changes to Mercury Air Rule

    January 8, 2019
    On December 28th, the Environmental Protection Agency (EPA) proposed to rescind the Obama EPA’s justification for its 2012 Mercury Air Toxics Standards (MATS) rule. MATS established first-ever maximum achievable control technology (MACT) standards for mercury and other hazardous air pollutant (HAP) emissions from coal- and oil-fueled power plants. MATS is among the most expensive regulations in the history of the Clean Air Act.
  • A Free-Market Agenda for the 116th Congress

    January 8, 2019
    After a contentious election season, we look forward to the nation’s elected representatives rolling up their sleeves and getting to work. Divided party control in the 116th Congress will mean that negotiation and compromise will be the order of the day. As previous sessions of divided government have taught us, however, valuable reform is still possible under these conditions.
  • This Week in Ridiculous Regulations

    January 7, 2019
    Right now is a weird time for regulation. The shutdown has lasted for several business days, and the Federal Register has slowed to a trickle. Wednesday and Thursday’s edition, for example, contained a combined zero proposed regulations and zero final regulations. Thursday’s edition was one page long, consisting solely of two notices, which might be a record.New rules last week, such as they were, range from Alaskan airspace to California safety zones.
  • Iconic NYC Bookstore Owner Pleads: Don't Landmark My Property

    January 4, 2019
    Our friends at Reason have been following a fascinating story unfolding in New York City, in which a business owner is trying to fend off what many people would consider to be a high honor: the designation of her building as a historic landmark.
  • Year in Review 2018: Consumer Financial Protection

    January 4, 2019
    2018 was a big year for the Consumer Financial Protection Bureau (also known, for a while, as the Bureau of Consumer Financial Protection). The past year marked the first time that the Bureau changed political hands, from the former Democratic Director Richard Cordray, to Republican acting Director Mick Mulvaney, and now to the new permanent Director, Kathleen Kraninger.
  • End of the Road for Net Neutrality Comeback Attempt

    January 4, 2019
    The end of the 115th Congress meant the end of using the Congressional Review Act to void the Federal Communication Commission’s repeal of Obama-era net neutrality regulation. Sadly, advocates of more government control over the Internet will almost surely try to pass new net neutrality legislation in the new Congress. And just as the old regulations were bad for innovation, news ones legislators may dream up in 2019 will likely be a detriment to consumers if enacted.
  • Great Jobs Numbers Don't Assuage Trade War Worries

    January 4, 2019
    Today’s jobs numbers were a surprise to everyone—312,000 jobs added in December was almost twice the consensus view of economists of 176,000. Strong wage growth was also present, as was a welcome return of working age adults to the labor force (which likely contributed to a slight uptick in the unemployment rate). Black men remain one of the main beneficiaries, with a historically low unemployment rate.
  • What's on Tap for Trade in 2019

    January 3, 2019
    At noon today, the 116th Congress convened. Over at Fox Business, Iain Murray and I look at what the coming year has in store for the new Congress on trade. The two biggest items are the NAFTA/USMCA vote, which isn’t a big deal, and China, which is.

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