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OpenMarket: December 2019

  • National Labor Relations Board Attack on McDonald’s Finally Over

    December 13, 2019
    A major holdover case from the Obama-era National Labor Relations Board (NLRB), which acted as the litigation arm of organized labor, is finally resolved. On December 12, the NLRB approved a settlement with McDonald’s USA LLC. The settlement puts to bed a case brought by the Fight for $15 that alleged McDonald’s was a “joint employer” with a number of franchisees and was responsible for the separate business’s labor violations.
  • Congress Racing To Extend and Expand Electric Vehicle, Wind, and Solar Tax Credits

    December 13, 2019
    It would be comforting to think that the House’s impeachment proceedings have so poisoned relations between Democrats and Republicans that the Congress won’t be able to pass any significant legislation in the near future besides a continuing resolution (CR) to fund the federal government for the rest of the fiscal year. Unfortunately, the prospect of using tens of billions of taxpayer dollars to reward special interests is so irresistibly attractive to members of Congress that it can overcome almost any level of partisan animosity.  
  • Don't Just "Modernize" Community Reinvestment Act, Repeal It

    December 13, 2019
    On Thursday, financial regulators released a long-awaited reform proposal which would make substantial changes to the implementation and enforcement of the Community Reinvestment Act (CRA). The plan by the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), if implemented, would be the most significant update to low-income lending requirements for U.S. banks in a quarter-century.
  • Phase One of a China-U.S. Trade Agreement and the Ratchet Effect

    December 13, 2019
    As of Friday, December 13th, the U.S. and Chinese governments have agreed in principle to phase one of a trade agreement. The Chinese government will purchase more U.S. agricultural products, and according to The Wall Street Journal, “Mr. Wang [China’s Vice Minister of Commerce] said that the agreement would cover a range of contentious issues, including agriculture, intellectual property protection, technology transfer and liberalization of the financial sector, without elaborating.”
  • Supreme Court to Hear Important Natural Gas Pipeline Case

    December 13, 2019
    Next February, the U.S. Supreme Court will review the 2018 decision by the 4th Circuit Court of Appeals, Cowpasture River Preservation Association, et al. v.  United States Forest Service, blocking the proposed Atlantic Coast Pipeline, and the outcome of this case is critical for the future of natural gas on the East Coast.
  • Competitive Enterprise Institute Opposes USMCA Trade Agreement

    December 12, 2019
    The Competitive Enterprise Institute (CEI) today announced its opposition to the USMCA trade agreement between the United States, Mexico, and Canada because the updated agreement sets dangerous precedents for future policy. 
  • UN Climate Summit in Madrid: Al Gore Talks, Donald Trump Vindicated

    December 12, 2019
    #TimeForAction is the slogan at this year’s Madrid climate conference. #TimeForTalk would be more accurate. The talking is endless. 70,000 hours and counting have been spent failing to define a market instrument under Article 6 of the Paris Agreement. But talk doesn’t cut greenhouse gas emissions.
  • How Kentucky Taxpayers Foot the Bill for Union Business

    December 11, 2019
    As taxpayers, we trust our locally elected officials to act as fiduciaries of our hard-earned dollars. However, it is well documented that the government frequently fritters away tax dollars on activity that serves no public purpose.
  • Down in Flames: Judge Dismisses New York Climate Lawsuit against ExxonMobil

    December 10, 2019
    New York Supreme Court Justice Barry Ostrager today acquitted ExxonMobil of all charges brought against the company by New York Attorney General Letitia James.
  • Trump Can't Do Much About Toilets, But Can Stop Other Anti-Homeowner Regulations

    December 9, 2019
    President Trump created more controversy than usual last week when he complained about water-saving faucets, shower heads, and—especially—toilets. “You turn on the faucet and you don't get any water, they take a shower and water comes dripping out, just dripping out, very quietly dripping out,” he said, adding that “people are flushing toilets 10 times, 15 times, as opposed to once.”

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