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OpenMarket: June 2020

  • Administration Rewrites Congress’ Paycheck Protection Program Loan Requirements

    June 11, 2020
    The Trump administration is rewriting the rules on the Paycheck Protection Program, saying that the stipulation that the program’s business loans must be used to retain employees will be treated as more of a goal than a requirement. That’s good news for businesses, who need more flexibility. It’s good news for workers, too, because it means they’ll be more likely to have employers to return to.
  • Anti-Corporate Author: Get Over Your Vanity and Just Read "Impeccable" New York Times

    June 10, 2020
    Are you struggling to stay informed in an Internet landscape full of conflicting sources and analysis? Good news—a New York Times bestselling author (and former New York Times columnist) has the solution. Just read The New York Times!
  • Fedcoin and FedNow are Dangerous and Unnecessary Expansions of Federal Reserve Power

    June 10, 2020
    To counter the financial damage from America’s national lockdown, the Federal Reserve has taken unprecedented stepsy. Most of these moves received grudging acceptance even from many Fed skeptics. But the Fed’s expanded powers are all the more reason to be skeptical of its entering into activities the private sector clearly could do and is doing, such as payments services and cryptocurrency.
  • Green Activists Make Highly Dubious Claims about CPSC Nominee Nancy Beck

    June 9, 2020
    Left-of-center activists are opposing toxicologist Nancy Beck's nomination to head up the Consumer Product Safety Commission. They suggest that since she once worked for the American Chemistry Council, she has willingly engaged in a coverup to allow chemical products on the market that pose unreasonable health risks. This assumption is wrongheaded for many reasons.
  • Campaign for Tobacco-Free Kids: Anti-Drug Warriors’ Crocodile Tears

    June 8, 2020
    There is a lot to say about the heinous killing of George Floyd by Minneapolis police and no shortage of opinions being offered. Many have been attempts to boost political agendas. But of the disingenuous offers of sympathy with the black community, there is one type that should be rejected: those from anti-drug warriors, who have contributed to destroying generations of black lives and families.
  • This Week in Ridiculous Regulations

    June 8, 2020
    Friday’s 13.3 percent unemployment rate announcement was actually good news, and says much about the more than 600 regulations waived so far at various levels of government. Regulatory agencies issued new final regulations ranging from phthalates to New Hampshire gas.
  • EPA Proposes Rule to Increase Consistency and Transparency of Benefit-Cost Analysis

    June 5, 2020
    The Environmental Protection Agency on June 4 released a proposed rule to increase the “consistency and transparency” of benefit-cost analysis (BCA) in Clean Air Act (CAA) regulations. The proposal would require all future “significant” CAA regulations to be accompanied by a BCA, and all BCAs to be conducted according to “best practices.”
  • White House Reaction to Job Numbers: Reopen Economy but Keep Tax Dollars Ready

    June 5, 2020
    The White House’s thinking appears to be that the economy is recovering just by letting people get back to work. Therefore, we should wait and see if this takes before we start shoveling out more taxpayer dollars—but let’s keep those shovels handy just in case.
  • Trump Executive Order to Expedite Project Approvals

    June 5, 2020
    President Trump on June 4 issued an Executive Order intended to expedite the federal approval process for major infrastructure projects. “Economic Recovery from the COVID-19 Emergency by Expediting Infrastructure Investments and Other Activities” seeks to put people back to work by getting transportation, energy, and other big construction projects underway as quickly as possible.
  • Value of Employee Benefits in Eye of Beholder

    June 5, 2020
    Advocates of “social responsibility” and environmental, social, and governance standards for companies have little interest in their proposed requirements being voluntary, despite frequent protestations to the contrary.

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