The Competitive Enterprise Institute Daily Update
Issues in the News
Delegates to a United Nations global warming conference defend the U.S. record on climate change.
“Despite some diplomatic language about the agreement not replacing the Kyoto Protocol, this new approach to managing greenhouse gas emissions by some of the world’s largest energy-consuming nations clearly rejects Kyoto’s inflexible, economically destructive approach. Whatever the challenges future climate change may bring, a focus on new technologies and robust economic growth will always be our best strategy.”
A new report on childhood obesity finds waist sizes rising among kids in the U.S.
“’Americans have sipped and slurped their way to fatness by drinking far more soda and other sugary drinks over the last four decades, a new scientific review concludes,’ reported the Associated Press this week. It’s too bad that the AP didn’t report the full story as told -- and yet, not told -- in the review itself, rather than apparently just regurgitating the researchers’ media release.
The American Institute of Certified Public Accountants holds a national conference this week in Washington, D.C.
“The Sarbanes-Oxley Act of 2002 created a powerful quasi-private agency to oversee the auditing of American business, the Public Company Accounting Oversight Board (PCAOB). The PCAOB is responsible for a mountain of red tape, and its broad interpretation of Sarbanes-Oxley's rules on what constitutes a company's "internal controls" is costing the U.S. economy billions of dollars every year.”