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CEI Weekly: Scholars Support Case Against Sarbanes Oxley

CEI Weekly is a compilation of articles and blog posts from CEI’s fellows and associates sent out via e-mail every Friday. Also included in the Weekly newsletter is a brief description of CEI’s weekly podcast and a feature on a major CEI breakthrough made during the week. To sign up for CEI Weekly, go to http://cei.org/newsletters. CEI Weekly October 23, 2009 >>Support Builds for Supreme Court Case Against Sarbanes Oxley The U.S. Supreme Court is poised to hear a case that could have a major impact on the U.S. capital markets.  In a new development, three former U.S. Attorneys General, a prominent former Democratic Commissioner of the Securities and Exchange Commission, and several law professors and economists are all asking the Court to strike down as unconstitutional Sarbanes-Oxley’s Public Company Accounting Oversight Board, or PCAOB. -Visit CEI to read more about who is challenging Sarbanes Oxley. -Briefs pertaining to the case are available at ControlAbuseofPower.org. >>Shaping the Debate Memo to Spitzer: It's Not Your Money Ivan Osorio and Vincent Vernuccio's op-ed in the Investor's Business Daily Tech Heavies to FCC: Stay on Target Ryan Radia's quote in E-Commerce Times One of These Groups is Wrong About Climate Policy Myron Ebell's letter to the editor in the Wall Street Journal >>Best of the Blogs A Cure Worse than the Disease by Greg Conko With Democratic support coalescing around Sen. Max Baucus’s (D-Mt.) health care reform proposal, passage of a comprehensive overhaul now appears more likely than ever.  As I explain in a new Competitive Enterprise Institute paper out today, “A Cure Worse than the Disease: Obama Care Won’t Cut Costs, But May Cut Quality,” most of the alleged cost-cutting measures in the Baucus bill merely shift costs from the federal government onto the states or private payers Data Deflates Threat-Multiplier Hype by Marlo Lewis “Climate change is a threat multiplier” is the new trendy rationale for Kyoto-style energy rationing. One hears little these days about Al Gore’s nightmare vision of death and destruction from ever more powerful and frequent hurricanes, catastrophic sea-level rise, or a warming-induced climate shift into a new ice age. This story line is too implausible for most grownups to swallow or patronize, no matter how desperate they are to look green. FTC Sets its Sights on Bloggers by Elizabeth Jacobson The blogosphere has been up in arms over the last two weeks, ever since the Federal Trade Commission issued an update to its “Guides Concerning the Use of Endorsements and Testimonials in Advertising.” In the past, these guidelines have determined the kinds of research claims companies or celebrity endorsers can make about products in advertising. With the recent update, though, the FTC has chosen to extend its reach onto the Internet, applying its regulations to blogs, Facebook pages, even Twitter feeds >>Liberty Week Podcast Episode 65: Your TV Violates State Law This week, host Richard Morrison and guest-host Jeremy Lott interview CEI Senior Fellow Gregory Conko about Congress’ health care debacles, er, uh, bills. Energy Policy Analyst William Yeatman joins in to discuss avoiding another housing crisis, California’s proposed ban on big screen TVs, the Abramoff scandal’s latest jailing, and the FTC’s war against free speech. >>Support CEI Like what you read? The Competitive Enterprise Institute’s 25-year record of success is made possible by our over 3,000 supporters. Make sure to stop by www.cei.org/support and make a donation to continue your support or become a supporter. Curious about all the possible ways to donate to CEI? Contact Al Canata at acanata@cei.org or 202-331-2280 to find out more. Charles Huang Web and Media Associate Competitive Enterprise Institute chuang@cei.org http://www.cei.org http://www.openmarket.org 202-331-1010