Broadband Stimulus, Fiat Takes Over Chrysler and the UN's World Oceans Day
Business and advocacy groups flood the Federal Communications Commission with comments on the agency’s proposed national broadband plan.
“The best way the Commission can stimulate broadband is not by imposing new layers of regulation, but by adopting a deregulatory stimulus in which government-created entry barriers are eliminated and costly regulations are reduced. Marketplace investment and private enterprise have driven broadband deployment in the United States, and the Commission would be wise to expand proven, market-driven broadband policies.”
Italian automaker Fiat completes its takeover of Chrysler.
“General Motors and Chrysler would have been better off if they had filed for bankruptcy last year, rather than taking federal money, since the bailouts have come with costly political strings attached, such as dropping opposition to costly CAFE regulations and other federal mandates, and bowing to political meddling in fundamental corporate decision making, and have left the automakers with higher labor costs than if they had just ripped up their collective bargaining agreements in a standard bankruptcy. That endangers their long-run competitiveness. Indeed, the politicized auto bailouts resemble the failed British auto bailouts of the 1970s.”
The United Nations observes “World Oceans Day.”
“Introduce ‘grow and trade’ programs for fisheries. These programs, also called Individual Transferable Quotas, have seen fish stocks recover and thrive in areas as far apart as Iceland and New Zealand. They encourage responsible management of fisheries rather than overfishing. Also, conclude an international agreement to end subsidies for deep-sea fishing. Research from the environmental organization Oceana has shown that most deep-sea fishing would be uneconomic without these subsidies. Government action is therefore contributing to environmental degradation.”
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