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OpenMarket: January 2020

  • House Republican Leadership Prepares Package of Climate Bills 

    January 25, 2020
    Axios ran an exclusive interview with House Republican leaders planning a package of legislation to address climate change. According to the Axios story, the package will include specific proposals grouped into three main areas: “1. capturing carbon dioxide emissions, with a focus on trees; 2. clean-energy innovation and funding; [and] 3. conservation, focusing on plastic.” The good news is that the package reportedly does not include taxes on carbon dioxide emissions or mandates to reduce emissions.
  • Dog Bites Man in Davos

    January 24, 2020
    J.P. Morgan Chase CEO Jamie Dimon recently said that “most state-owned enterprises don’t do a particularly good job.” The head of the world’s largest bank not being a fan of socialist planning would normally be a dog-bites-man story, but Dimon’s interview nevertheless produced headlines around the world. This story highlights how risk-averse today’s generation of business leaders have become when it comes to making a certain “political” comments.
  • New Study Projects Net Carbon Dioxide Benefits through at least 2050

    January 24, 2020
    The benefits of carbon dioxide emissions are likely to exceed costs over the next 30 years, according to a new study published in the journal "Environmental Economics and Policy Studies." The authors, Kevin D. Dayaratna of the Heritage Foundation, Ross McKitrick of Guelph University, and Patrick J. Michaels of the Competitive Enterprise Institute, expect the social cost of carbon (SCC) to be negative at least through the mid-21st century. A negative cost is another way of saying a net benefit. 
  • Divisions Between Bank Regulators Over Fair-Lending Revamp Highlight the Need for Outright Repeal

    January 23, 2020

    Despite hesitation from the Federal Reserve, the Office of the Comptroller of the Currency (OCC) has made clear that they plan to push forward with their revamp of the Community Reinvestment Act (CRA). The plan which was jointly proposed with the Federal Deposit Insurance Corporation (FDIC) late last year, if...
  • CEI Leads Coalition in Support of the Revamping American Infrastructure Act of 2020

    January 23, 2020
    Today, CEI was joined by 10 other organizations in a letter to members of the House of Representatives supporting the Revamping American Infrastructure Act of 2020, which aims to “facilitate the use of outcome-based performance standards by the Department of Transportation.
  • How Antitrust Intervention Backfires

    January 22, 2020
    Antitrust policy interventions into the market rarely work as intended.
  • Was 2019 the Second Warmest Year, and What Does It Matter?

    January 21, 2020
    The temperatures we are experiencing are consistent with a modest warming, and we may be in the zone where modest warming is a net benefit.
  • This Week in Ridiculous Regulations

    January 21, 2020
    In a busy week, President Trump signed Phase One of a trade agreement with China on Wednesday. On Thursday, the Senate ratified the USMCA trade agreement and began President Trump’s impeachment trial on the same day. New final regulations for the week range from wheeled stretchers to electronic detonators.
  • Warmest Decade - Climate Crisis Still a No Show

    January 17, 2020
    Is there good reason to believe climate change a “crisis” endangering the survival of civilization and the habitability of the Earth? No. If climate change were a bona fide “existential threat,” we would see some evidence of it in major metrics of human well-being. We don’t.
  • CDC Confirms Black Markets, not "Vaping," Caused Outbreak

    January 16, 2020
    A new CDC report puts the final nail in the coffin of the idea that the spat of lung injuries that occurred beginning last summer were caused by “vaping.” The CDC admitted this week that the injuries appear to be exclusively linked to marijuana vapes—not nicotine e-cigarettes, most of which were purchased on the black market, a fact that CEI knew nearly six months ago. 

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