Apple under Investigation, CEO Pay Limits and Hurricane Safety
The Federal Communications Commission investigates Apple and AT&T over the decision to spurn Google Voice on the iPhone.
The House of Representatives passes a bill to limit executive compensation at large financial firms.
Experts warn coastal residents not to be complacent about this year’s quiet hurricane season.
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1. TECHNOLOGY
The Federal Communications Commission investigates Apple and AT&T over the decision to spurn Google Voice on the iPhone.
CEI Expert Available to Comment: Information Policy Analyst Ryan Radia on the perils of punishing innovation:
“Penalizing Apple and AT&T’s iPhone gamble with stricter regulations may make some iPhone owners happy in the short run, but it will also make phone developers wary about taking iPhone-esque gambles in the future. Why invest hundreds of millions to hopefully concoct the next big device if the price of success is political predation?.”
2. BUSINESS
The House of Representatives passes a bill to limit executive compensation at large financial firms.
CEI Expert Available to Comment: Director of the Center for Investors and Entrepreneurs John Berlau on the burden of greater regulation:
“Regulatory costs should be seen as a tax. And this tax on publicly traded companies – that would frustrate the incentive pay necessary to foster growth in entrepreneurial firms – may put a damper on the recent gains of the stock market and slow an economic recovery.”
3. CONSUMER
Experts warn coastal residents not to be complacent about this year’s quiet hurricane season.
CEI Expert Available to Comment: Senior Fellow Eli Lehrer on how to make homes more secure against storms and hurricanes:
“Since most research has found that a dollar spent on mitigation returns somewhere between $3 and $7 in long-term savings, investing in making properties more storm resistant will also save taxpayer money while facilitating a switch to risk-based insurance rates. The insurance-rate shift – not the programs – are most important. Government, however, can only play a supporting role. Private investments, private insurers and individual homeowners’ need to take the lead in helping Florida ride out the coming storms.”
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