May 31, 2018
When an American company wishes to merge with or acquire another company, reaching an agreement that satisfies both firms’ owners and managers is not always enough. For most mergers and acquisitions valued at over roughly $80 million, companies must submit tons of paperwork and pay a sizable fee to the Federal Trade Commission and the Department of Justice before they can finalize any deal. Once these filings are complete, the companies can’t finalize their transaction until a waiting period of up to 30 days has elapsed.
May 29, 2018
This week will mark the one-year anniversary of President Trump’s speech announcing that the United States would be withdrawing from the Paris Climate Agreement, which President Obama originally signed, to great international attention, on September 3, 2016. Unfortunately, despite the strong language of Trump’s statement (and the healthy amount of media criticism is generated), the U.S. is not actually “out of Paris.”
May 18, 2018
The Department of Justice last week filed an amicus brief supporting oil companies’ motion to dismiss claims by the cities of Oakland and San Francisco that the firms owe those cities big bucks for climate change damages.
The theory underlying the cities’ litigation is that climate change endangers coastal property by accelerating sea-level rise, and fossil fuel companies knew for decades their products cause global warming but worked tirelessly to mislead the public about it.
May 14, 2018
Today’s Supreme Court opinion in Murphy v. NCAA (formerly Christie v. NCAA) is a big win for consumers, states, and the constitutional principle of federalism. The court found on behalf of the state of New Jersey, which had attempted to legalize betting on professional and amateur sports, and invalidated the Professional and Amateur Sports Protection Act (PASPA), which Congress passed in 1992 in an attempt to limit the ability of states to allow such betting within their own borders.
May 12, 2018
New York Attorney General Eric Schneiderman resigned on May 8th within hours of The New Yorker publishing an exposé in which four former girlfriends accuse him of beating, choking, man-handling, demeaning, and threatening them. In all cases, the alleged abuse was not occasional or exceptional but continual over periods of months to years. All the while Schneiderman posed as a champion of women’s rights, recently winning the “Champions of Choice” award from the New York-based abortion rights group National Institute for Reproductive Health.
May 11, 2018
On March 28, 2018, the Competitive Enterprise Institute sent a letter to the National Labor Relations Board Office of Inspector General to investigate NLRB member Mark Gaston Pearce for improperly disclosing internal Board deliberations. As stated in CEI’s letter requesting an investigation, such disclosure of information appears to violate Board regulation 29 C.F.R. 102.118(a), which states that “no present or former employee or specially designated agent of the Agency will produce or present any files, documents, reports, memoranda, or records of the Board or of the General Counsel…without the written consent of the Board or the Chairman of the Board.”
May 7, 2018
When the law says that government officials are required to turn over documents to the public, it means that they’re actually required to turn over the documents.
May 2, 2018
California joined by 16 states and the District of Columbia yesterday petitioned the D.C. Circuit Court of Appeals to stop Environmental Protection Agency administrator Scott Pruitt from revising his predecessor’s greenhouse gas emission standards for new cars sold in 2022-2025. The coalition’s press release claims their “lawsuit is based on the fact that the EPA acted arbitrarily and capriciously, failed to follow its own regulations, and violated the Clean Air Act.”
April 26, 2018
Public policy analysts from 20 free-market organizations today filed a joint comment letter in support of EPA administrator Scott Pruitt’s proposal to repeal the Obama administration’s so-called Clean Power Plan.
April 22, 2018
The American Enterprise Institute (AEI) this week held a panel discussion titled “What did they know, and when did they know it?” on the growing swirl of state and municipal lawsuits alleging that ExxonMobil and other fossil fuel companies knowingly hid climate change risk from the public. The litigants—cities and counties in California and Colorado—hope to score billions in climate change “damages.”