Financial regulation, state-on-state taxation, and the Law of the Sea Treaty
FINANCIAL REGULATION - JOHN BERLAU
Today, Berlau testifies before the House Subcommittee on Financial Institutions and Consumer Credit.
"This hearing also shines light on one of the most untold stories on the workings of Congress. This story is that – believe it or not – members of Congress are working together and finding common ground on legislation that would pare down excessive regulations that block stable and transparent sources of credit and capital for both consumers and entrepreneurs. And they are doing so by getting together on bills that lower barriers for many sources that provide consumer and business financing: community banks, credit unions, and, as this hearing will explore, nonbank lenders or nondepository creditors."
TAXING OVER STATE BORDERS - JESSICA MELUGIN
The bill would authorize state governments to collect sales taxes from sellers beyond their borders. Melugin points out that H.R. 3179 will actually create several new problems for businesses and consumers.
GLOBAL WARMING - MARLO LEWIS
Over at World Climate Report, the indefatigable Pat Michaels and Chip Knappenberger review a new study updating National Climate Data Center (NCDC) data on U.S. State climate extremes. I’ll cut right to the chase. The paper, “Evaluating Statewide Climate Extremes for the United States,” published in the Journal of Applied Meteorology and Climatology, finds that far more State-wide all-time-high temperature records were set in the 1930s than in recent decades.
VIDEO: THE FRED WEEKLY
Fred Smith discusses the Law of the Sea Treaty and other treaties.